The Decentralized Internet

Harvard Business

Internet Security & privacy Disruptive innovation AudioCan Web 3.0 give Internet users more control over their digital existence?

Using AI to Decentralize Organizations

Harvard Business

Organizational structure Operations management Disruptive innovation AudioThere are no managers, no strict job roles, and no vacation limits at Satalia, a London-based company that delivers AI solutions. How does it work?

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

When to Decentralize Decision Making, and When Not To

Harvard Business

Hence, when (re-)designing the organization structure, they tend to decentralize decision-making, so that decision rights are as close as possible to the people who deal with customers, competitors, front-line employees, and other stakeholders. As Henry Mintzberg noted in The Structuring of Organizations in 1979, “The words centralization and decentralization have been bandied about for as long as anyone has cared to write about organizations.” Artrise/istock.

Hospital Budget Systems Are Holding Back Innovation

Harvard Business

The audience for such innovation wants to be receptive: A recent American Hospital Association (AHA) survey found that 75% of senior hospital executives endorsed the importance of digital innovation. Yet, despite their stated enthusiasm, hospitals have been notoriously slow to adopt digital innovations. A hospital organized into these different unconnected units finds it difficult to adopt innovations that reduce costs across a patient’s complete cycle of care.

How to Expedite Innovation: Communication Loops & Red-Tape-Worms

Mike Cardus

This is often referred to as “bureaucracy” and can quickly become abysmally restrictive and frustrating with feelings of; Innovative work thrusts are inhibited. Excessive ‘decentralization’ or ‘centralization’. These extra steps delay progress and kill any innovative ideas that you have. By cutting out the excessive and un-needed communication Mark can drive innovation and implementation, because the feedback is immediate and by the person who is his direct manager.

Five Qualities Genuine Leaders Have in Common

Leading Blog

And with today’s digital economy and globalized markets making organizations more and more decentralized, it’s getting harder than ever for workers to create meaningful relationships with others. They feel motivated to work with others, to innovate, and to strive for extraordinary results.

Two Questions to Ask Before You Set Up an Innovation Unit

Harvard Business

Despite good intentions—and widespread acceptance of the importance of innovation—efforts to innovate at large companies often lack a clear mission and framework, and as a result, they go off the rails. At one large European energy company we consulted with, no less than four separate corporate functions were supposed to be working on innovation—yet none of them was supporting critical needs at the business unit level. How centralized is the Innovation Unit?

Do You Speak the Language of Performance Driven Execution?

N2Growth Blog

If you are responsible for leading teams, how can you be sure that the work being done throughout the day will innovatively increase impact and productivity to make tomorrow a better place? Distinctio: Accept a New Way to Play in the Leadership and Innovation Sandbox – Differentiation. Accepting a new way to play in the leadership and innovation sandbox doesn’t have to be hard. Leadership Productivity Success Damian Pitts Innovation management By Damian D.

India Remakes Global Innovation

Harvard Business Review

In prior blog posts, we have described how Western multinationals such as Xerox and GE are embracing polycentric innovation by sourcing more R&D capabilities from emerging markets such as India and China and integrating them into a synergistic global innovation network. Besides Dr Reddy's, several leading Indian firms are pioneering polycentric innovation: Tata Motors. Polycentric innovation won't work in organizations that promote groupthink.

How Big Companies Should Innovate

Harvard Business Review

They're bad at innovation by design: All the pressures and processes that drive them toward a profitable, efficient operation tend to get in the way of developing the innovations that can actually transform the business. However, I also pointed out a paradox: being bad at innovation and good at execution isn't necessarily undesirable. But giving up the pursuit of innovation seems less than satisfying, if not unrealistic. Innovation Product development ROI

Ries 12

“Leadership is Marketing” – Peter Drucker Said What?

Tanveer Naseer

Byrne’s list of Drucker’s major accomplishments included: Introducing the idea of decentralization, a concept that became basic to every large organization in the world. Early on he realized that the basic elements of all business were but two: marketing and innovation. business communication Guest Posts leadership Recent Posts innovation learning marketing Peter Drucker shared purpose teaching teamworkThe following is a guest post by William A. Cohen. Peter F.

How This Crisis Will Change the Future Of Leadership

Lead from Within

Every crisis, large or small, influences the way we lead because it causes us to stop, recalibrate, and innovate. Times of crisis show us the value of decentralized leadership, and the ability to create a network of talented experts with access to good data is fast becoming an essential leadership skill.

Crisis 127

Top CEO Challenges

CO2 Business Leadership

Setting a culture of adaptability via decentralized decision making. Innovation Verses Trade-offs : Move from knowing to not knowing, become more curious and look for innovation rather than trade-offs. By: Gary Cohen.

CEO 40

How to Optimally Align IT with Your Business Processes?

Strategy Driven

For the IT architecture to be effective, it should be between centralized and decentralized. Balance between Centralization and Decentralization. To apply and appropriate balance between centralization and decentralization, the information pyramid can be implemented. The first mode concerns security and accuracy, whereas the second mode concerns innovation, which is less structured.

YESability: Driving Growth with Yes

Leading Blog

Centralized innovation and decision-making, the mainstays of the Mass Production era, simply cannot get results in a world where unlimited choice demands real-time response.” Then relies heavily on centralized control and specialization, whereas now relies heavily on decentralized autonomous action.”

Determination is Not Enough; Content Creators Need Blockchain on Their Side

Strategy Driven

Blockchain technology – the decentralized tech that was famously introduced to supports bitcoin – is now be leveraged to remedy the many disparities that exist in today’s online content landscape. Instead of depending on big-name content outlets, creators owe it to themselves to explore the possibilities that decentralized, ad-free platforms offer. Prior to launching Polyient, Robertson was the CEO and founder of CX, an early innovator in cloud computing.

‘Upskilling’ a top priority for the decade ahead

HR Digest

The HR Digest: Can you tell The HR Digest readers more about the Chamber’s T3 Innovation Network? Jason Tyszko: The T3 Innovation Network is an initiative by the U.S. This diverse network of more than 400 organizations is working together to create an open and decentralized public-private data infrastructure connecting a global audience of business, government, education, and technology vendors.

The Real Reasons Companies Are So Focused on the Short Term

Harvard Business

Some argue that profits are stagnant because of short-termism—that decades of focusing on current profits over long-run innovativeness has resulted, now, in companies that are hollowed out. Indeed, a study by Rachelle Sampson and Yuan Shi found that company short-termism is negatively correlated with innovativeness, measured as RQ ( “research quotient,” a measure of the return on R&D investments ). Instead of decentralizing R&D, recentralize it.

Introducing the HBR/McKinsey M-Prize for Management Innovation

Harvard Business Review

So when we were first contacted about a possible collaboration by the Management Innovation eXchange (MIX), which sees its role as "creating organizations that are fundamentally fit for the future — and genuinely fit for human beings," we were immediately excited by the possibilities. Management innovation is not the exclusive province of brand-name companies or the executive suite. Innovation M-Prize MIX

Hamel 12

How to Seize Opportunity in a World of Disruption

Skip Prichard

Tactical agility enables employees at all levels to take smart risks, capture opportunities, improvise and innovate as they execute a clear strategy. Its goal is to seamlessly meld centralized vision and planning with empowered decentralized execution – where everyone is encouraged to exercise disciplined initiative, improvise, innovate, and take smart risks in accomplishing a shared goal. Navigate through Change.

Laying Groundwork: How Do Leaders Create Positive Company Culture?

CO2 Business Leadership

The culture can also take shape around how the organization differentiates itself from others or how it innovates. Innovation is as good a way as any to build effective cultures. Consider for a moment the four methods of innovation that Gary Hamel identified: Process Innovation (Make it better). Leadership Innovation (Work different). Of these, Hamel suggests that Leadership Innovation provides the greatest competitive advantage over time.

Hamel 40

Pittsburgh’s Transformation Is a Model for Clean Energy Innovation

Harvard Business

The new decentralized system will be cleaner, greener, and more resilient, since microgrids can share power in the event of a district outage. A subscription to Harvard Business Review would’ve spared President Trump his embarrassing “Pittsburgh, not Paris” punchline , delivered as he pulled the U.S. out of the Paris climate accord.

Care for a white-water ride?

N2Growth Blog

Great attention for innovation. Decentralization of power: increasing responsibilities for line positions and lower echelons; fewer staff levels and hierarchical levels. Change seems to occur at an ever-increasing speed, making forecasts – especially those concerning long term scenarios – an extremely risky business. Forecasts often lead to disappointments, both for management – employees – shareholders and other stakeholders.

Happiness and Hierarchies

LDRLB

That rigid hierarchies inhibit innovation and for organizations to have a competitive advantage, they need to decentralize and move to flatter hierarchies. One of the developing branches of psychology is the study of happiness: positive psychology.

Who in Your Company Can Say "Yes" to Innovation, Without Permission?

Harvard Business Review

The truth about big innovation is that you get what you play for. If that looks like a typo — if it's jarring to see "innovation" and "play" in the same sentence or to hear anyone suggest that you, a manager, should play at anything — then this blog post is for you. When executives create teams to pursue breakthrough innovation they typically push the work down to the operating levels, just as they do so successfully with their core businesses.

How Regulation Could Help Cryptocurrencies Grow

Harvard Business

In early June the SEC announced the appointment of one of the agency’s veteran attorneys, Valerie Szczepanik, as associate director of the Division of Corporation Finance and senior adviser for Digital Assets and Innovation. Without clear regulations, cryptocurrency innovation in the United States is being stifled. Officially recognize that the amount of decentralization is an important factor in determining whether a cryptocurrency is a security.

Happiness and Hierarchies

LDRLB

That rigid hierarchies inhibit innovation and for organizations to have a competitive advantage, they need to decentralize and move to flatter hierarchies. One of the developing branches of psychology is the study of happiness: positive psychology.

Research: Self-Disruption Can Hurt the Companies That Need It the Most

Harvard Business

When innovations threaten to disrupt an industry by replacing an old business model with a new one, incumbents need to invest in that model in order to survive. ” If you’re dealing with innovations that have led to a dominant new business model in your industry, that advice is sound, as the leaders of Netflix and Blockbuster can tell you. But what if an innovation poses a threat, and you can’t yet tell whether it has genuinely transformative potential?

4 Tips for an Effective Enterprise Mobility Strategy

Strategy Driven

Co-location facilitates collaborative teamwork and innovation, so companies have to find a way to balance the needs of their employees with these core fundamentals. Let’s take innovation, for instance. We’ve also been told that silos can stifle innovation and should be avoided at all costs. But is there are a way to still drive innovation with an increasingly decentralized lifeforce?

Commanding Excellence with Purpose, Passion, and Ingenuity

Leading Blog

The mission-focused structure was decentralized from the standpoint that each commander was given great freedom to execute, but they were also expected to cooperate with the decentralized companies and share everything with other teams. Innovation and creativity were essential to improve everyday functions that helped realize the mission. In both organizations innovation mattered and innovation that mattered flourished.

Why the U.S. Is Still Richer Than Every Other Large Country

Harvard Business

We also have a decentralized banking system, including more than 7,000 small banks , that provides loans to entrepreneurs. As a result, workers have a better chance of finding the right job, firms find it easier to innovate, and new firms find it easier to get started. A decentralized political system in which states compete. The United States is perhaps unique among high-income nations in its degree of political decentralization.

To Drive Digital Transformation, Focus on People

Strategy Driven

New financial innovations enabled both historic global economic growth and cascading global financial failures. organizational structure (such decentralizing and aligning technology to business areas more effectively), and governance. Businesses from top global firms to main street staples are looking into a future driven by new technology capabilities.

Transforming a Management System – A Case Study From the Madison Wisconsin Police Department

Curious Cat

Innovation and experimentation become organizational values. The first step in achieving the vision of a decentralized, citizen-focused police service. Field operations are decentralized into four areas of the city – central, south, east, north and west. The chief begins check-ins with detectives regarding decentralization and how their work can be improved.

Two Easy Ways to Boost Employee Engagement

Michael Lee Stallard

This concept helps maximizing employee potential by encouraging trust through transparency, decentralizing decision-making and inverting the organizational hierarchy.

Why Leaders Don’t Embrace the Skills They’ll Need for the Future

Harvard Business

Innovative. The consultant has a solution: decentralize. We’re too decentralized. But if employees have long been valued and rewarded for behaviors such as practicality, consistency, self-reliance, and prudence, why wouldn’t they find it uncomfortable to suddenly embrace behaviors such as innovation, agility, collaboration, and boldness? amriphoto/Getty Images. Agile. Collaborative.

Centralized Decision Making Helps Kill Bad Products

Harvard Business

Thus, centralized firms more quickly rid themselves of unsuccessful products – almost twice as fast as their more decentralized peers. Therefore, decentralized firms may have delegated termination decisions to a product manager, to whom the underperforming product might look satisfactory, centralized firms are more sanguine and ready to pull. Our research also made clear that decentralized handset makers gave product managers great freedom to make decisions.

7 CEO Success Tips – How To Be A Better Leader

N2Growth Blog

They must be willing to decentralize their decision?making It is a catalyst that combines innovative new insights to propel ideas off of paper and into the world. By Damian D. “Skipper” Pitts. Chair, Organizational Development, N2Growth. By now, we all know that leadership is tough, hard, exciting and demanding. But, at the same time, what most people learn the hard way is that it is not a short drive in the beautiful countryside.

CEO 311

The Blockchain Will Do to Banks and Law Firms What the Internet Did to Media

Harvard Business

Like the internet, this technology is designed to be decentralized, with “layers,” where each layer is defined by an interoperable open protocol on top of which companies, as well as individuals, can build products and services. We might best understand Bitcoin as a microcosm of how a new, decentralized, and automated financial system could work. Even years into the deployment of the internet, many believed that it was still a fad.

What Great Leaders Have in Common

CO2

Gary Hamel provides examples of exactly the kinds of tough questions leaders and organizations must ask in his HBR article “ The Why, What, and How of Management Innovation” : What tough trade-offs do we never get right? And you need to decentralize leadership at the appropriate stage of growth–providing both autonomy and authority for others to lead separately and together. Developing Leadership Skills: What Do Great Leaders Have in Common?

Hamel 60

To Understand the Future of Tesla, Look to the History of GM

Harvard Business

When Sloan became president of GM in 1923, he put in place planning and strategy, measurements, and most importantly, the principles of decentralization.” All of these companies are doing groundbreaking innovation, but even Musk only has 24 hours in a day and seven days in a week. Business history Entrepreneurship Innovation Transportation Digital ArticleHBR Staff.

Are Countries Prepared for the Increasing Threat of Engineered Bioweapons?

Harvard Business

Responding effectively to such threats will require a paradigm shift towards approaches that are faster and more agile and decentralized than what exists now. Innovations, such as synthetic vaccine platforms and monoclonal antibodies , could enable faster deployment, but even in the best case would still take months — too long for contagions that double within weeks and are difficult to bring under control once already widespread. Justin Sullivan/Getty Images.

The New World of Beta Curation

Strategy Driven

The other, smaller and rarer, is decentralized, horizontal, and inclusive. Organizations need to have dozens, maybe hundreds, of individual experts, fully capable of idea generation and innovative thought. Today’s American corporate world is a tale of two cultures. One, more traditional and common, is centralized and hierarchical. I call it Alpha. I call this one Beta.

Good Strategy Execution Requires Balancing 4 Tensions

Harvard Business

The successful but challenging experience of a large pharmaceutical company illustrates the tension between top-down and decentralized change efforts. The company defined a new growth strategy that would require a significant improvement in its ability to innovate rapidly. It moved to a new building, changed its business cards, hired “disruptive thinkers,” and experimented with all manner of innovation techniques. Daniel Grizelj/Getty Images.