The $3 Trillion Prize for Busting Bureaucracy (and How to Claim it)
22 Pages Posted: 18 Mar 2016
Date Written: March 16, 2016
Around the world, productivity growth has stalled out. While some hope that a “second machine age” will reverse the slump, we think that wringing bureaucracy out of the economy offers a more promising and less speculative route to boosting productivity. By our calculations, busting bureaucracy would add $3 trillion to economic growth in the US alone. Dismantling bureaucracy won’t be easy, but it has to happen — bureaucracy must die. This paper provides a detailed blueprint for abolishing the bureaucracy tax in organizations and everywhere else.
Keywords: management, management innovation, innovation, bureaucracy, labor productivity, productivity, Nucor, Haier, Zappos
Suggested Citation: Suggested Citation