Monthly Looking Forward Quick Poll

According to a recent Harvard Business Review article, an excess of bureaucracy costs the U.S. economy more than $3 trillion in lost economic output per year. It goes on to sort the business costs associated with bureaucracy into seven categories: bloat, friction, insularity, disempowerment, risk aversion, inertia, and politics. While not all of these costs are easily measured, getting a handle on them is key. Otherwise, your organization can experience unnecessary drags on productivity and innovation caused by too many layers of management, too much time spent on internal issues, or too many barriers to risk taking.