Rethinc: what's broke at today's corporations and how to fix it

By: Ram Mohan, T. T
Material type: TextTextPublisher: Gurgaon Random House India 2015Description: xv, 296 p. Includes references and indexISBN: 9788184006810Subject(s): Decision making | Corporations - Finance | Corporate governance | Business enterprisesDDC classification: FP 658.403 Summary: Corporations are crucial to society s well-being. Yet, not many have chosen to adapt themselves to the expectations of employees and society at large. Prof. Ram Mohan identifies the three main problems that ail companies and illustrates the ways in which these can be combated. Most companies are still run from the top and make very little attempt to involve employees at the lower levels in decisionmaking. Executive compensation has spiraled steeply in recent years because the process of determining it is seriously flawed. Boards of directors are ineffective and have abetted the cult of the charismatic CEO who is expected to work wonders. Rethinc contends that the solution lies in the near-total dismantling of hierarchy or the creation of a bossless organization. In such an organization, the structure is flat, employees operate through self-driven teams, there is peer review, power rests on one's contribution and not one's title and the organizational purpose goes beyond the making of profit, and several other features. Once all this is done we will have an achieving organization that is also a humane organization in which the employees are raring to get to work every day.
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Books Vikram Sarabhai Library
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Slot 1458 (2 Floor, West Wing) Reference R FP 658.403 R2R3-1 (Browse shelf) 1 Not for Issue 189595
Books Vikram Sarabhai Library
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Slot 1458 (2 Floor, West Wing) Non-fiction FP 658.403 R2R3-2 (Browse shelf) 2 Available 189596
Books Vikram Sarabhai Library
Faculty Publication
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Corporations are crucial to society s well-being. Yet, not many have chosen to adapt themselves to the expectations of employees and society at large. Prof. Ram Mohan identifies the three main problems that ail companies and illustrates the ways in which these can be combated. Most companies are still run from the top and make very little attempt to involve employees at the lower levels in decisionmaking. Executive compensation has spiraled steeply in recent years because the process of determining it is seriously flawed. Boards of directors are ineffective and have abetted the cult of the charismatic CEO who is expected to work wonders. Rethinc contends that the solution lies in the near-total dismantling of hierarchy or the creation of a bossless organization. In such an organization, the structure is flat, employees operate through self-driven teams, there is peer review, power rests on one's contribution and not one's title and the organizational purpose goes beyond the making of profit, and several other features. Once all this is done we will have an achieving organization that is also a humane organization in which the employees are raring to get to work every day.

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