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To reduce the time spent on internal compliance activities like planning and budgeting, organizations can adopt several innovative strategies. Firstly, they can automate repetitive tasks using technology. This can significantly reduce the time spent on these activities. Secondly, organizations can simplify their processes. This involves eliminating unnecessary steps and streamlining the remaining ones. Thirdly, organizations can encourage cross-functional collaboration. This can help to reduce the time spent on coordination and improve efficiency. Lastly, organizations can provide training to their employees to improve their skills and knowledge in these areas. This can help to reduce errors and rework, thereby saving time.
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Are you constantly frustrated by silo-ed functions, meeting overload, and slow decisions-making? Your Operating System, not your strategy or business...
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Today, the legacy organization separates thinking from doing, demands detailed plans before every initiative, focuses on a chain of command, and works around an ironclad budget. U.S. workers spend 16% of their working lives on internal compliance activities like planning and budgeting. The Taylor Principles have morphed into a stifling bureaucracy, leaving us with a burden of organizational debt—structures and policies that no longer serve the organization.
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Need an easy way to stay on top of your tasks? Use our Task Tracker presentation to record what you've accomplished and set better goals for what's to come, in daily, weekly, or monthly views. Even better, use these checklists for the whole team and facilitate a more productive and collaborative culture.
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