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Loose sight of management tools

Written by Felix on March 30th, 2009

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Image from HVargas (Creative Commons License)
Managers seem to be more reluctant to make of use tools even before the current economic crisis emerged. According to the most recent survey of Bain & Company none out of 25 tools which are relevant to senior management, topical, and measurable showed an increased usage pattern in 2008. The interesting fact, though, is that this obvious result is not even reflected in the survey report.
“Knowledge Management” still belongs to the management tools with a high satisfaction rate. However, the latest reference mentioned dates back to 2006. Five tools have been added in 2008:
Decision Rights Tools
Downsizing
Online Communities
Price Optimization Models
Voice of the Customer Innovation

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