Many organizational leaders may not even realize that most of their
strategic decisions are made without accurate or full information.
And yet more than 40 years of socio-economic research indicate that
around 40% of what happens economically in organizations is not
taken into consideration by traditional accounting. This lack of
information affects an organization's effectiveness by turning
organizational functions into dys-functions which leads to hidden
costs. Socio-economic research shows that average hidden costs are
more than $20,000 per employee per year.Socio-Economic Approach to
Management (SEAM) is a different way to lead and manage
organizations - or to put simply steer them. What differentiates
SEAM from traditional management? First, SEAM focuses on both the
people and economic sides of the workplace. Second, SEAM identifies
and reduces hidden costs through engaging employees and developing
their potential. The results are increased efficiency and
profitability, sustainable organizational development, and higher
employee engagement.SEAM was developed in France and is little
known in the US. This book provides a sound introduction to SEAM
for the English-speaking audience. The book will be of interest for
organizational leaders and managers who search new ideas,
techniques, and tools to increase the efficiency of their
organizations. The book will also be beneficial for change
management and HR practitioners.
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