Is It Time For A Peer-Reviewed Bonus System?

LDRLB

While both companies may have opened up the door to such systems becoming a popularity contest, the idea of distributing bonus power to all employees is a innovative idea for counter-acting our tendency to assess our work and compare it with others. Incentive compensation systems often seem just as likely to disappoint employees as to motivate them.

Creating an Effective Peer Review System

Harvard Business Review

Employee performance reviews are a hot topic once again. Many people think real-time peer reviews will be a key piece of the puzzle. But how do you create, maintain and support a successful real-time peer review program to make sure it delivers on its potential? Another company might choose to emphasize fiscal responsibility, collaboration, or innovation. Peer reviews shouldn’t feel like work.

Who's the Best at Innovating Innovation?

Harvard Business Review

Most companies put innovation at the top of their agendas. But how many devote the energy and resources it takes to build innovation into the values, processes, and practices that rule everyday activity and behavior? Not many, as we argued when we launched the Innovating Innovation Challenge in October. Of course, it's variety and the daring to be different that produces game-changing innovation. Democratize Innovation — For Sustained Innovation Culture.

How Brigham & Women’s Funds Health Care Innovation

Harvard Business Review

One of the biggest challenges in health care is how to provide innovative, high technology specialty care while reining in costs at the same time. Since 2013, we have tapped our front lines – our 1,500 physicians and thousands more nurses, PA’s, pharmacists and other clinicians – for ways to improve care and reduce costs, using an innovation incubator model that adapts venture capital investment approaches to find and scale the best ideas.

When You Have to Carry Out a Decision You Disagree With

Harvard Business

You might even be tempted to communicate to your peers and supervisees that you’re not convinced this is the right way to go. This is what I did early in my academic career when I received peer review comments on a paper I’d submitted for publication. Without fail, there would be at least one reviewer who hated the paper. When this first started happening, I hated those reviewers and assumed they hadn’t read my paper carefully.

The Countries with the Boldest Business Leaders

Harvard Business

This accords with other, peer-reviewed research that shows a connection between displaying confidence and being perceived as competent. (If Bold leadership is a great differentiator when it is mixed with other leadership characteristics, such as good judgment, championing change, honesty, integrity, innovation, strategic perspective, and collaboration. Fortune favors the bold , goes the old Roman saying.

Good Bosses Switch Between Two Leadership Styles

Harvard Business

If a marketing team is charged with creating an innovative new advertising campaign, for example, a prestigious leader can release the constraints on team members and encourage them to think outside the box. This creates a safe environment where team members feel respected and free to innovate and generate creative solutions. Think back to the last team project you participated in at work. How did the person running the project lead the group?

Is Employee Engagement Just a Reflection of Personality?

Harvard Business

In this impressive study which synthesized data from 114 independent surveys of employees, comprising almost 45,000 participants from a wide range of countries — and mostly published academic studies, which met the standards for publication in peer-reviewed journals — the researchers set out to estimate the degree to which people differed in engagement because of their character traits. pbombaert/Getty Images.

Are CEOs Overhyped and Overpaid?

Harvard Business

For example, Steve Jobs, Jeff Bezos, and Elon Musk enjoy cult-like status and are widely regarded as modern tycoons of innovation. My focus was on peer-reviewed journal articles (academic papers) that included reliable measures of CEO attributes (e.g., I came up with three major conclusions from this literature review: CEOs Do Matter a Lot. How much do CEOs actually matter?

CEO 37

Simple Digital Technologies Can Reduce Health Care Costs

Harvard Business

Innovating for Value in Health Care. Digital therapeutics are being increasingly validated in clinical trials published in peer-reviewed medical journals and are available or are being developed for most chronic diseases. Look for providers that can back up their claims with support from unbiased national medical organizations and studies published in peer-reviewed scientific journals.

Surgeons Are Using Social Media to Share and Learn New Skills

Harvard Business

That’s why academic surgical departments across the globe hold weekly Morbidity and Mortality (M&M) conferences that gather surgeons together to review particular cases and share ideas for improving their practice. The group allowed Amir not only to review clinical vignettes, videos, and discussions from world experts but also to post his own complex cases and receive insightful input and feedback from those same experts and the hernia surgeon community at large.

How Leaders Can Help Others Influence Them

Harvard Business

But my peer-review literature search revealed no similar ways to assess how willing leaders are to be influenced or how transparent they are about how they can best be influenced. Recently, I was talking with a senior leader from a world-class global learning and development company. We were discussing his firm’s approach to teaching leadership. He was talking about how to help leaders influence others.

Morning Advantage: An Ivory Tower. or a Gilded Cage?

Harvard Business Review

In turn, there’s less incentive to perform cross-disciplinary research, which, traditionally, has served as a catalyst for innovation. Most resources go to ideas and techniques (and researchers) that have proven profitable in the past, while it’s harder and harder to get ideas outside the mainstream either accepted by peer review, supported by the university, or funded by granting agencies.". Of course, the private sector is fraught with innovation problems too.

Why the Future of Social Science Is with Private Companies

Harvard Business Review

The Reproducibility Project found it could substantively replicate the results of fewer than 40% of 100 high-profile experiments published in peer-reviewed journals. Tomorrow’s most important discoveries into why people do what they do will most likely come from business innovation than university research. The innovation paradigm shifts from R&D (Research & Development) to E&S (Experiment & Scale).

The Risks of Health Insurance Company Mergers

Harvard Business Review

Before addressing that question directly, let’s start with some basic premises: Consumers need an ample choice of innovative, well-priced insurance products. A collaboration of the editors of Harvard Business Review and the New England Journal of Medicine , exploring cutting-edge ways to improve quality and reduce waste. If an insurer is large enough to reap more of the reward for its own efforts, the argument goes, it should be more likely to innovate.

Overcoming Fragmentation in Health Care

Harvard Business Review

America is a nation of innovators and entrepreneurs. This network has been built over two years and includes 21 health systems and hospitals in the United States, Puerto Rico, and Mexico — all of which use Mayo Clinic-vetted knowledge so that other patients can benefit from our 150-year history of innovating and improving patient-centered care. Follow the Leading Health Care Innovation insight center on Twitter @HBRhealth. Leading Health Care Innovation.

Make Your Knowledge Workers More Productive

Harvard Business Review

Marissa Mayer, Yahoo''s CEO, ended the company''s work-from-home policy to foster a more collaborative, innovative environment. The analyst would then review each law and group them by similar characteristic. At a more micro-level, we saw a team at pharmaceutical company Roche recently experiment with a much simpler expense-claim processing system based around peer review rather than oversight, and again it was a useful way of getting rid of tedious and non-value-added activities.