Rita Gunter McGrath put together a handbook for institutions to become more nimble” in order to take advantage of fleeting opportunities for competitive advantage. And in this chapter, we are looking at resource management.
We just talked about asset debt – calculating the cost of keeping an asset in high performance mode. But to do that, power structures in the firm have to be attuned to shifting priorities in asset management. The truth is that firm management often gets stuck in bad habits. One solution is to re-structure departments around using resources for new growth opportunities.
That means getting into an options mindset. That is next