http://en.wikipedia.org/wiki/ROWE
http://www.fourhourworkweek.com/blog/2008/05/21/no-schedules-no-meetings-enter-best-buys-rowe-part-1/
http://www.amazon.com/4-Hour-Workweek-Escape-Live-Anywhere/dp/0307353133/ref=pd_bbs_1?ie=UTF8&s=books&qid=1203371924&sr=8-1
ROWE, or Results-Only Work Environment, (also known as Results Oriented Work Environment), is a management strategy created by CultureRx and adopted by Best Buy.[1] In this model, employees are paid for results (output) rather than the number hours worked. The goal is to keep workers who deliver results while firing those who are not productive.
ROWE in practice means "each person is free to do whatever they want, whenever they want as long as the work gets done."[2] Employees control their own calendars, and are not required to be in the office if they can complete their tasks elsewhere.
Pros:
Flexible work hours
High employee satisfaction
Emphasis on bottom line results
Cons:
Output measurement is harder for some jobs (overhead, administration)
Management can be challenging
Some people have a harder time working with people without face-to-face interaction
Can be destructive for individuals who don't have the discipline to hold themselves accountable for what they should work on.
