Organizational debt is often caused by ill-considered responses to problems. The author refers to this type of debt as “organizational debt.” Many of a company’s policies, procedures and structures no longer make sense, even if they did in the company’s recent past. Considering the cost of using the machine unattended, how much time should you allow before returning? The equivalent of $5,000 in euros. How much does a new pair of gloves usually cost? The price tag is around 5 EUR. It took about 30 minutes to complete all the paperwork needed to do this. After getting her forms stamped by her manager, she went back to her machine. She then went to a cage where the gloves were stored, waited for help, gave the nurse her note, and received a new pair. She needed the manager to check their gloves to make sure they were worn out and to give the green light to get new ones. In the past, it was plagued by excessive bureaucracy.īefore the new CEO arrived, workers could not easily get gloves. However, the company has not always been so successful. Unlike most European auto parts manufacturers, which have been squeezed out by Chinese competition, FAVI still exports to China. If only all workers could live in such a utopia. It takes no more than 30 seconds to change your gloves, go to the glove box and return to your machine. You decide it’s overdue to replace your current gloves. It looks like your other glove, the left one, is also getting thin. One day, while you are taking care of your machine, you notice that your right glove has a hole in it. Imagine you work in a factory that makes auto parts. Brave New Work Book Summary Lesson 1: Corporate debt is a major impediment to business. ![]() This book summary will tell you everything about this book so you can decide if it is worth your time.Īt the end of this book summary, I’ll also tell you the best way to get rich by reading and writing. You may be wondering if you should read the book. It is up to you to embark on the transformation process. ![]() The book offers suggestions instead of prescribing methods for change within companies. The book, Brave New Work, is unusual in its approach to organizational change. Is your business stifled by outdated bureaucracy? Are hierarchical structures hindering your progress? Caught up in a never-ending cycle of meetings? Are you letting your life’s work slip through your fingers?
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