Matrix management in the world’s most admired companies
Fortune magazine has released its twelfth annual rankings of FORTUNE World’s Most Admired Companies (WMACs). Many of them are our clients so it is good to see their success recognized.
This year’s they also looked at how organizational design and operating models help WMACs build more effective organizations than their peers.
They found a wide range of different structures and levels of centralization or decentralization. The most effective were ones that matched the company’s strategies and enabled them to react flexibly in different situations. There is no “one size fits all best structure”
They also concluded that it is people, not organizations, that execute strategies and the admired companies do more to enable their leaders to be effective. They provide the tools and better equip their leaders to work in this more cross-functional, horizontal way
“83 percent of MAC executives feel that they manage the matrix organization effectively, compared to only 58 percent of the peer group?” says Hay Group’s David Tait, who also worked on the research.
Nice to see further confirmation that it is the people skills, not the structure, that makes the difference between success and failure in complex organizations.
Educate yourself further with a few more or our online insights:
25 years of experience learning with a range of world class clients
We work with a wide range of clients from global multinationals to recent start-ups. Our audiences span all levels, from CEOs to operational teams around the world. Our tools and programs have been developed for diverse and demanding audiences.
Tailored training or off the shelf modules for your people development needs
We are deep content experts in remote & virtual teams, matrix management and agile & digital leadership. We are highly flexible in how we deliver our content and ideas. We can tailor content closely to your specific needs or deliver off the shelf bite sized modules based on our existing IP and 25 years of training experience.
For more about how we deliver our keynotes, workshops, live web seminars and online learning.