In an era when capital is superabundant, time, talent and energy are the critically scarce resources for companies. Michael Mankins, a partner with Bain's Organization practice, discusses how companies can increase productivity and competitiveness by successfully managing these three key resources.
MICHAEL MANKINS: Executives of my generation were taught in business school that you essentially have to allocate capital carefully in order to generate competitive advantage. Today, that's no longer true. Capital is superabundant and cheap by historical standards. What is the determinant, though, is how you manage other scarce resources, those truly scarce resources in a
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"You can't get much done in life if you only work on the days when you feel good."
-Jerry West
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Thinking That Creates Business Success
