2 Posts found for Source: Listening to employees: The ‘Beyond Bureaucracy’ M-Prize winners

Executives at Norwegian oil and gas company Statoil were looking for ways to make it more nimble and more realistic about its goals. So they adopted a new approach to year-end budgeting, which breaks it out into three different sets of numbers. These included targets (“what we want to happen”), forecasting (“what we think will happen, whether we like what we see or not”), and … [ Read more ]

Source: Listening to employees: The ‘Beyond Bureaucracy’ M-Prize winners | Original Publication: The McKinsey Quarterly | Subjects: Finance, Management

Managers of a product team at Microsoft offered employees the chance to pick their next assignment, rather than having the leaders hand down those decisions. In this case, to retain top talent in a competitive market and to boost employee satisfaction, team leaders pitched their projects to employees, allowing them to evaluate the opportunities and chart their own course. Some managers worried that participants would … [ Read more ]

Source: Listening to employees: The ‘Beyond Bureaucracy’ M-Prize winners | Original Publication: The McKinsey Quarterly | Subjects: Human Resources, Management, Organizational Behavior