Avoiding the quicksand: Ten techniques for more agile corporate resource allocation

Avoiding the quicksand: Ten techniques for more agile corporate resource allocation

Instill more flexibility into resource allocation to better meet the requirements for growth.

Author(s): Michael Birshan, Marja Engel, Olivier Sibony

Publisher: McKinsey Quarterly

Date of publication: 2013

Read this article on the publisher's website [McKinsey]

Summary

Leaders are well-aware that, to nurture growth, you must know how to reallocate projects and resources according to changes in the context and priorities. Companies cannot remain dynamic while freezing their way of doing things. Yet, many become trapped by organizational inertia. They consequently tend to allocate more or less the same budget envelopes year after year to the same projects, processes and activities. The authors of this succinct and informative article identify a wide range of techniques to encourage bolder and more agile resource allocation.