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Want to outdistance your competition? Then give your people the information technology tools, infrastructure, and support they need to do their jobs well.
That is the main message from a July 2007 study of more than 1,300 business executives at companies in North America, Europe, and Asia-Pacific. The study sponsored by Microsoft Corporation and conducted by the Economist Intelligence Unit (EIU), examines the effects of "people enablement" from several angles.
Among the conclusions the study reaches are:
- The more a company empowers its employees to make decisions, the more likely it is to perform better financially and competitively.
- True enablers use technology to improve collaboration, encourage risk-taking, and optimize decision-making.
- Companies categorizing themselves as "true enablers" are three times more likely to be more profitable than their competitors.
- Compared with other types of firms, companies described as "true enablers" have a higher proportion that are more profitable than their competitors.
The study clearly shows that there is a positive correlation between a higher degree of enablement and corporate performance.
What Does "Enabled" Mean?Enablement refers to the organizational structures, informational technologies, and other resources that make it possible for employees to make decisions.