Often when an organizational problem occurs, the typical response is to create regulations to prevent that problem from happening again. For example, in a machine shop where safety gloves often went missing, the company centralized access to new gloves; required request forms for new gloves, with supervisor approval; and had auditors check for compliance. As expected, the number of lost gloves was significantly reduced. However, the new rules cost more than the gloves themselves, negatively affected morale, and reduced productivity.
Is Dodd-Frank Too Complex to Work?
Often when an organizational problem occurs, the typical response is to create regulations to prevent that problem from happening again. For example, in a machine shop where safety gloves often went missing, the company centralized access to new gloves; required request forms for new gloves, with supervisor approval; and had auditors check for compliance. As […]
March 13, 2012
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New!
HBR Learning
Strategy Planning and Execution Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Strategy Planning and Execution. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
How to develop a winning strategy—and put it to work.