An Idea A Day

PERFORMANCE PRACTICE DEMOCRACY Jonathan Gifford

FEW MODERN ORGANIZATIONS are run in a democratic way. Democratic process in organizations is not about the ballot box or making decisions by referendum, it is about harnessing the energies and creativity of the organization: creating an environment that favors change and adaptation, and that empowers and encourages colleagues to make a contribution.

The idea

Gary Hamel, business author and research fellow at Harvard Business School, reminds us of a number of generally accepted truths about the modern world: the power of free markets and their ability to solve even the most complex allocation problems; ...