How Big Companies Can (and do) Innovate Like a Start-Up

Leading Blog

T HE INNOVATION WE PRIZE at successful start-ups is a mindset that is brought into the start-up and not necessarily the inherent quality of every start-up. Innovation isn’t something that just happens; we create the conditions for it. Big organizations can innovate like small start-ups. While organizational size complicates innovation, “scale if properly exploited could actually be an advantage, not a liability, for innovation.” Creating an Innovation Strategy.

What If Google Had a Hedge Fund?

Harvard Business Review

Acutely aware of the competitive edges timely data offers sophisticated investors, the company's ever-entrepreneurial cofounder once proposed that Google launch a hedge fund. Google may not have a hedge fund, but it's unlikely that high IQ hedge funds aren't using Google's data to better manage their own situational awareness and risk. What kind of hedge funds might an Amazon set up (remember, Jeff Bezos actually came from a New York hedge fund)?

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LeadershipNow 140: April 2019 Compilation

Leading Blog

Cross-Cultural Leadership: How to Avoid Making People Lose Face by Aad Boot @LeadershipWatch. CX’s Biggest Problem is Finding the RIGHT Problem via @customerthink How do we hedge against bad problem framing? How to Create a Culture of Innovation from @Ex2Lead. Culture Leadership Charge - Insights into a Healthy Work Culture by @scedmonds. Starting the journey - The AI revolution and the leadership challenge via @PeopleMatters2.

Sustainable Leadership and Organizations: The Ideas of Martin Seligman

Michael Lee Stallard

Michael Lee Stallard Insights on Leadership and Employee Engagement Home About Hire to Speak Press Kit Sustainable Organizations: The Ideas of Martin Seligman Published by Michael Lee Stallard on May 30, 2010 09:27 am under E Pluribus Partners , Uncategorized , connection culture , employee engagement In an earlier post, I wrote that the ideas of thought-leader Dov Seidman , CEO of LRN and author of How , are likely to have a profound effect on organizations in the years to come.

Why Leaders Need to Think More Like Professional Gamblers

Leading Blog

Should they make a big bet, hedge their position, or just wait and see? Our instinct for determinism may well have been an evolutionary innovation. Walsh is the CEO of Tomorrow, a global consultancy on designing companies for the 21 st century. * * * Like us on Instagram and Facebook for additional leadership and personal development ideas. O NE OF the unfortunate side effects of living in an age of accelerating technology is having to deal with increased uncertainty.

Great Innovators Create the Future, Manage the Present, and Selectively Forget the Past

Harvard Business Review

But as anyone who has ever tried to lead innovation knows, the challenge goes beyond being ambidextrous enough to manage today’s business while creating tomorrow’s. To deal with this problem, over the course of thirty-five years of working with and doing research in corporations around the world, I have developed a simple, practical framework that recognizes all three competing challenges managers face when leading innovation. Innovation & Entrepreneurship Book.

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The Reciprocity Advantage

Leading Blog

Reciprocity and advantage will spark new business models for innovation and growth. In a VUCA World, partnerships are hedges against risk, but they will also be more attractive ways to innovate and grow scale. The authors conclude, “We believe that givers will be much better at creating reciprocity advantage for their companies and for themselves.” * * * Like us on Facebook for additional leadership and personal development ideas. * * *. G IVE TO GROW.

Learn or Die

Leading Blog

Our ability (and willingness) to learn impacts our personal and business growth, operational excellence, and our capacity to innovate. A particularly fascinating and eye-opening chapter is on Ray Dalio’s Bridgewater Associates, the largest hedge fund in the world. This book will show you how. * * * Like us on Facebook for additional leadership and personal development ideas.

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Why Business Leaders Need to Read More Science Fiction

Harvard Business

Singapore has overtaken Silicon Valley as the world’s innovation hub after FDA regulation prompts a brain drain from California. Rising sea levels flood Manhattan in Kim Stanley Robinson’s New York 2140 , prompting hedge fund managers and real estate investors to create a new intertidal market index. Leadership Innovation Creativity Digital ArticleAt the end of the 19th century, New York City stank.

Calculating the Market Value of Leadership

Harvard Business Review

To gain more insights into a specific firm, investors have shown more interest in intangibles like strategy, brand, innovation, systems integration, collaboration, and so on. We believe that a next step for investors is to analyze the predictors and drivers of these intangible factors, which means focusing on leadership. Wise, long term investors recognize that leadership affects firm performance. But too often, assessments of leadership are haphazard and narrow.

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Great Leaders Make Decisions | N2Growth Blog

N2Growth Blog

Nothing signals leadership trouble more than an executive who can’t make decisions. Understanding and implementing the concept of “ actionable leadership &# is a major key to success in becoming a great CEO. Much has been written about leadership theory, leadership concepts, leadership style, leadership dynamics, what leaders are, or are not, and a plethora of other leadership-centric content. Why do we crave leadership nowadays?

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Michael Fraccaro, CHRO at Mastercard, on the value of business resource groups

HR Digest

I’d say we’re very focused on creating a skilled workforce and leadership pipeline that can execute our strategy. I was at a conference recently and one of the speakers remarked that “Culture hedges against the risk of uncertainty.” It can help them innovate. The BRGs provides them a unique platform to enhance their own cultural awareness, develop leadership skills and network with others. That’s a point-of-view that’s shared across our senior leadership team.

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Why Consensus Kills Team Building | N2Growth Blog

N2Growth Blog

He is one of my favorite leadership bloggers, and hopefully we’ll still be on speaking terms after this post. Great leaders intrinsically understand that team building catalyzes collaboration, creates both disruptive and incremental innovation, facilitates a certainty of execution, and is one of the key foundational elements associated with creating a dynamic corporate culture. Parenting (done well) and leadership have much in common. learning » Leadership thinking [.]

Uber Is Finally Realizing HR Isn’t Just for Recruiting

Harvard Business

All of this indicates that Uber leaders prioritized immediately useful services like recruitment over, for example, legal compliance systems, audits, and leadership development. In fast-growing organizations, HR is designed and staffed to deliver the “services” that are most visible to the leadership team; that usually means large-scale recruiting. Ultimately, boards, CEOs, and investors get the quality of leadership — and HR — that they demand and permit.

Superbosses Aren’t Afraid to Delegate Their Biggest Decisions

Harvard Business

These “ superbosses ,” as I called them, spanned dozens of industries and included legendary figures such as fast casual restaurant magnate Norman Brinker, packaged foods titan Michael Miles, tech mogul Larry Ellison, hedge fund pioneer Julian Robertson, media icon Oprah Winfrey, and a host of others. ” Superbosses are constantly pushing themselves to innovate, and they expect employees to work independently and take bold creative risks.

Even Senior Executives Need a Side Hustle

Harvard Business

Hedge against uncertainty. Intrigued by technology and innovation, Achan took the initiative to develop two iPhone apps. And, as with Achan’s boss, they’re likely to see it as a positive indicator for leadership potential. Indeed, the Center for Talent Innovation’s research on sponsorship shows that one of the best ways to attract a coveted senior-level sponsor is to develop a strong personal brand. Gary John Norman/Getty Images.

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4 Models for Using AI to Make Decisions

Harvard Business

The bad news: Petabytes of new data and algorithmic innovation assure that “autonomy creep” will relentlessly challenge human oversight from within. Process and decision owners determine the resource allocations and whether autonomy should lead to greater innovation, optimization, or both. These organizations are fully committed to letting algorithmic autonomy take the enterprise to new frontiers of innovation, profitability, and risk.

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“Trust Me, I’m a Leader”: Why Building a Culture of Trust Will Boost Employee Performance – and Maybe Even Save Your Company

Strategy Driven

Unusually Excellent: The Necessary Nine Skills Required for the Practice of Great Leadership by John Hamm. Unusually Excellent is a back-to-basics reference book that offers both seasoned and aspiring leaders a framework for understanding and a guide for applying the battle-tested fundamentals of leadership at every stage of their careers. Trustworthiness is the most noble and powerful of all the attributes of leadership. Do your employees trust you?

Kill Your Business Model Before It Kills You

Harvard Business Review

Still the agency drags on with its year-old push to end Saturday delivery , the most powerful innovation they can muster — which to be implemented would still take 2 years. This vignette raises a key leadership question: Why do leaders wait too long to modify or abandon their business models? Intuit had many failures as part of their innovation process. Testing, incubating, and investing in alternative models hedges against that possibility.

Purpose Point of View

Strategy Driven

It animates us as people and fuels organizational innovation, value creation, and growth. Aside from hedge funds, risk arbitrage, FX traders and other derivatives solely established to make money on the margins, no company that sells a product or a service of any sort was founded strictly to turn a profit. Janet Feldman is a Managing Principal for Korn Ferry Leadership and Talent Consulting, based in the Firm’s Minneapolis office.

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“Trust Me, I’m a Leader”: Why Building a Culture of Trust Will Boost Employee Performance – and Maybe Even Save Your Company

Strategy Driven

Unusually Excellent: The Necessary Nine Skills Required for the Practice of Great Leadership by John Hamm. Unusually Excellent is a back-to-basics reference book that offers both seasoned and aspiring leaders a framework for understanding and a guide for applying the battle-tested fundamentals of leadership at every stage of their careers. Trustworthiness is the most noble and powerful of all the attributes of leadership. Do your employees trust you?

7 Skills That Aren’t About to Be Automated

Harvard Business

This problem of extending the automatic reasoning of AI systems to understand the context of their decisions is highly complex, and creative innovation, like the one at Google, is usually needed to push the effort forward. Likewise, understanding the context, business model, competition, and leadership of a client or an employer makes your understanding of content more useful. John Fedele/Getty Images.

How to Get People to Collaborate When You Don’t Control Their Salary

Harvard Business

” People in industries as different as commercial real estate, pharma, biotech startups, hedge funds, and public school districts worried about how to transform a competitive, star-driven culture into a collaborative one when they had no power to juggle financial rewards and no influence over promotion decisions. The parallels with business are clear: Stars are a crucial but perhaps fragile source of innovation and competitive advantage.

Kill Your Business Model Before It Kills You

Harvard Business Review

Still the agency drags on with its year-old push to end Saturday delivery , the most powerful innovation they can muster — which to be implemented would still take 2 years. This vignette raises a key leadership question: Why do leaders wait too long to modify or abandon their business models? Intuit had many failures as part of their innovation process. Testing, incubating, and investing in alternative models hedges against that possibility.

Three Ways to Succeed by Breaking Convention

Harvard Business Review

Seems like strategic management 101, but oftentimes companies are unable to ask this question due to turf battles or leadership blind spots. But by offering stripped down samples (sometimes called "Model T" versions) to gather direct and unbiased customer input, organizations can innovate around unanticipated answers, especially when conventional data is not available or is not useful. Innovation Product development Research NPR

3 Ways to Get Your Own Digital Platform

Harvard Business

However, this may have been a hedging strategy as Starbucks built up its own digital capability, including a popular app and payment system. As Immelt has noted, GE’s transformation required having new talent throughout GE, not just in IT, plus new leadership styles and a new culture. So you want to have a digital platform. It’s only natural — all the cool kids do.

Parting Ways with Public Trading

Harvard Business Review

It is far more likely that the hard work of restructuring will be the task of private equity firms, leveraged buyout firms or hedge funds, all of whom have a financial motivation to make whatever disengagement decisions are necessary to profit from the eventual re-sale of a healthier company. As the pace of competition intensifies, it is going to be harder and harder for companies like Dell to keep a leadership position. Competition Disruptive innovation Strategy

"Feminine" Values Can Give Tomorrow's Leaders an Edge

Harvard Business Review

Only a few days before, hedge fund billionaire Paul Tudor-Jones created a stir by remarking at a conference that women will never rival men as traders because babies are a "focus killer". If people have grown cold on male-dominated structures and leadership, they offer a solution: Two-thirds of survey respondents felt that "The world would be a better place if men thought more like women", including 76% of the French and Brazilians and 70%of Germans.

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More CEOs Should Tell Anti-Environment Shareholders to Buzz Off

Harvard Business Review

First, making significant amounts of your own power at zero variable cost is more than nice; it’s a hedge against volatility and smooths out expenses, which makes business planning easier. By creating an energy-price hedge, building resilience, and driving brand value, deep green investments create significant value and thus do have a strong ROI. Apple Leadership Sustainability

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What It Takes to Win: Extreme Lessons from Polar Explorers

Harvard Business Review

In an earlier post , Kishore Sengupta and Ludo Van der Heyden were able to discern some leadership lessons from the race — that you need more than determination and courage to get you ahead. Leaders need to draw up a list of all the bad things that can happen, build cash reserves, hedge, and acquire options, to prepare for the worst. Leadership Strategic planning

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A Remedy for Soaring Executive Pay: Focus Less on It

Harvard Business Review

Some countries have been highly innovative in this area. The board of a Canadian pension fund with a significant in-house investment function made it clear to senior managers that they would be well compensated relative to society, but their pay would never reach the levels of hedge funds and private equity firms.). Boards Compensation Leadership

What Good Is Impact Investing?

Harvard Business Review

Even in the most hard-nosed of private equity firms or hedge funds you will find that people align with strategies that mean something to them, that they’re passionate about. And the beauty of innovative sectors such as impact investing is that we can experiment, collaborate and try to — even in a very small way — reconcile some of what didn’t work previously. Private equity or hedge funds through the ‘80s and the ‘90s, exactly the same story.

The World Just Got More Uncertain and Your Strategy Needs to Adjust

Harvard Business

They have multiple ways of thinking and doing things, which not only serve as a hedge against change but also form the substrate for experimentation and learning. Modularity also facilitates innovation through recombination and promotes greater agility because of the reduced scale of each unit. Managing uncertainty Leadership Policy Digital ArticleDonald Trump’s unexpected win in the U.S.

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How Big Business Created the Politics of Anger

Harvard Business Review

When Disney compels its employees to train lower-paid foreign replacements before being laid off, when hedge fund managers fiercely protect the carried interest loophole , when major companies undertake complex mergers to create tax inversions that strip their domestic earnings with intracompany debt, or when banks impose overdraft protection fees on unsuspecting low-income clients, they undermine the long-term welfare of the United States.

Design Can Drive Exceptional Returns for Shareholders

Harvard Business Review

for 10+ years; deployment of design as an integrated function across the entire enterprise; evidence that design investments and influence are increasing; clear reporting structure and operating model for design; experienced design executives at the helm directing design activities; and tangible senior leadership-level commitment for design. Further, Nike was ranked the #7 most innovative company by Fast Company in 2014 , and the 13 th most admired company by Forbes magazine.

To Diversify Your Network, Follow the 2+1 Rule

Harvard Business Review

Many of the leadership team whom I had worked with for a number of years changed,” she explained. The ideal life raft, research from the Center for Talent Innovation shows , consists of three sponsors: In organizations with fewer than ten people, you’re best served by having one sponsor within the firm and two outside of it in the same industry; in larger firms, you’ll want one outsider and two insiders — one in your line of sight and one in a different department or division.

Millennials Are Entering a Changed Workplace. Not.

Harvard Business Review

Jim,” as he is known to all, not only did pioneering work in mathematics; he also founded Renaissance Technologies, a hedge fund that relied on scientists to make predictions and trade in global markets. Andrea Ovans Unsolid Ground Lessons from a Drowning Nation Washington Post On Leadership Executives in struggling industries sometimes find themselves in the unenviable position of having to plan for the end of a company.

How to Revive a Tired Network

Harvard Business Review

Make you more innovative. When it comes to stepping up to leadership, your network is a tool for identifying new strategic opportunities and attracting the best people to them. By managing the three key properties of networks that either propel you forward or hold you back—breadth, connectivity, and dynamism—you can develop a stronger network and use it as an essential leadership tool. Leadership & Managing People Book.

Women Need to Realize Work Isn't School

Harvard Business Review

In school, being disruptive might get you sent to the principal's office, but in business, disruption is a proven path to success , describing innovations that take root at the low end of the market, or create a new market, and then eventually upend an industry. I ( Whitney ) went from studying music to equity research to co-founding a hedge fund and couldn't be happier now writing, speaking and advising on innovation.