Crowdfunding, Silicon Valley show how management can foster ideas

12/11/2013 | IndustryWeek

While companies have embraced software to automate various enterprise functions, executives still rely on top-down management models to encourage, consider and adopt new ideas, according to business strategist Gary Hamel. "That's a fundamental flaw in the resource allocation process in most companies," he says. "We make it very difficult for people to get the time and resources to experiment with new ideas because you have to go up that chain of command, and if your idea does not fit with the priorities or the prejudices of your boss, it probably dies there."

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