TIME.com Home
From TIME Magazine
Magazine Archives
Newsfiles
Web Features
Online Polls
Photo Essays
Boards & Chat
Latest CNN News
TIME Digital
TIME For Kids
LIFE Home Page
Search TIME.com
 
Subscribe to TIME
Subscriber Services
Free Product Info

Other News
spacer gif
spacer gif
Check the New 2000
FORTUNE 500 Today!

FORTUNE.com

spacer gif
Sivy On Stocks,
By E-Mail

MONEY.com

spacer gif
The 'X-Men' Cometh
And EW's Got 'Em!

ENTERTAINMENT WEEKLY

spacer gif

marketplace
 
TIME Book Selections
 
TIME Annual: 1999-2000
TIME 100: Person of the Century
TIME Almanac 2000
TIME 75th Anniversary
TIME Great Images





BOOK EXCERPT
MARCH 22, 1999 VOL. 153 NO. 11

PAGE 1 | 2 | 3 | 4
3 SHIFT KNOWLEDGE WORKERS INTO HIGH-LEVEL THINKING
A company's middle managers and line employees, not just its high-level executives, need to see business data. They're the people who need precise, actionable data because they're the ones who need to act. They need an immediate, constant flow and rich views of the right information. Companies should spend less time protecting financial data from employees and more time teaching them to analyze and act on it.

At McDonald's, until recently, sales data had to be manually "touched" several times before making its way to the people who needed it. Today McDonald's is well on the way to installing a new information system that uses PCs and Web technologies to tally sales at all its restaurants in real time. As soon as you order two Happy Meals, a McDonald's marketing manager will know. Rather than superficial or anecdotal data, the marketer will have hard, factual data for tracking trends.

What I'm describing here is a new level of information analysis that enables knowledge workers to turn passive data into active information--what M.I.T.'s Michael Dertouzos calls information-as-a-verb.

4 USE DIGITAL TOOLS TO CREATE VIRTUAL TEAMS
A collaborative culture, reinforced by information flow, makes it possible for smart people all over a company to be in touch with each other. When you get a critical mass of high-IQ people working in concert, the energy level shoots way up. Knowledge management is a fancy term for a simple idea. You're managing data, documents and people's efforts. Your aim should be to enhance the way people work together, share ideas, sometimes wrangle and build on one another's ideas--and then act in concert for a common purpose.

Jacques (Jac) Nasser, president and CEO of Ford, sends e-mail to Ford employees worldwide, sharing news--the good and the bad--with everybody. No one screens the e-mail. He talks straight to the employees. He also reads hundreds of responses he gets each month and assigns a member of his team to reply to any that need follow-up.

Getting people motivated to take on responsibility is not a question of organizational structure so much as organizational attitude. Digital tools are the best way to open the door and add flexibility. If the right people can be working on the issues within hours instead of days, a business obtains a huge advantage.

5 CONVERT EVERY PAPER PROCESS TO A DIGITAL PROCESS
In 1996 I decided to look into the ways that Microsoft, a big advocate of replacing paper with electronic forms, was still using paper. To my surprise, we had printed 350,000 paper copies of sales reports that year. I asked for a copy of every paper form we used. The thick binder that landed on my desk contained hundreds and hundreds of forms.

Paper consumption was only a symptom of a bigger problem, though: administrative processes that were too complicated and time-intensive. Using our intranet to replace paper forms has produced striking results for us. We have reduced the number of paper forms from more than 1,000 to a company-wide total of 60 forms.

Companies talk about rewarding initiative and keeping workers focused on business. When employees see a company eliminate bottlenecks and time-draining routine administrative chores from their workdays, they know the company values their time--and wants them to use it profitably.

PAGE 1 | 2 | 3 | 4





Bill Gates Rules: In an excerpt from a new book, he spells out how the digital revolution will continue to transform our work and our life

The Trial: Two faces of Bill Gates

Lobbying: Microsoft gets cozy with the Republicans

TIME Digital's Target: Microsoft

Warner Books information about this book

Microsoft information about this book

Business at the Speed of Thought and other books on Bill Gates available at barnes andnoble.com