October, 2010

Mills Scofield

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Management Innovation is Radical

Mills Scofield

Steve Denning begins his book, The Leader's Guide to Radical Management: Reinventing the Workplace for the 21st Century with a quote from John Hagel, John Seely Brown and Lang Davison 's 2009 Shift Index to lay the foundation of the problem we face: "Remarkably, the return on assets for U.S. firms has steadily fallen to almost one quarter of 1965 levels.very few [workers] (20 percent) are passionate about their jobs.executive turnover is increasing.

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Micro-Volunteering - Innovation At Its Finest

Mills Scofield

You know all that time you spend waiting? In line, at school, the doctor's office, soccer practices, the bus or train? Well, what if you could use that time to do something great for someone else? That's the premise of The Extraordinaries , a crowdsourced micro-volunteering company started by three 20-somethings, Jacob Colker, Ben Rigby and Sundeep Ahuja.

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Return on Failure: ROF - Experimenting

Mills Scofield

Let's continue this hypothesis on ROF. What can failure teach us? Which of our assumptions were right and wrong Where we should and shouldn't invest going forward Who are the people/team members who challenge, question, test How we need to set or reset expectations As discussed in Part I , scientists rely on the scientific method to help identify sources of failure and learn from them.

Team 98
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Return on Failure: The Equation

Mills Scofield

What is failure? When things don't go according to plan or expectations, ending up with unexpected and/or undesired outcomes (which we can argue could have been avoidable, or not). The key is ‘undesired' - because if they were desired and not planned or expected, that would still be great! But, as we will see, failure is a terrific way to learn.

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The Business Plan Fallacy

Mills Scofield

As I'm reviewing business plans from college grads I'm mentoring (as an alumnae mentor at Brown Univ ) and from Glengary , the VC firm I'm a partner in, this whole business plan process is getting to me. So much of what I see in biz plans is, pardon the phrase, BS. We all know none of us believe any of the numbers is the proformas, the market growth, etc., so why do we bother with all this stuff when we know it's a joke?