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This content was originally published by Strategy & Business. Original publishers retain all rights. It appears here for a limited time before automated archiving. By Strategy & Business
Companies often waste money through poor management. This hidden cost, which Adam Bryant calls a dysfunction tax, never shows up on financial statements. Bryant identifies three key areas where CEOs incur self-inflicted wounds: poor communications, bad strategy, and sticking with the wrong people. He challenges readers to find a metric that can measure this "tax" as a way to focus leaders' minds on minimizing its impact.