Today's Workforce in the Global Marketplace

Coaching Tip

They constantly generate new innovations; they use new networks to solve problems in an innovative manner, provided their interest is piqued. The network economy is going to be mainstream. As a leader, you must engage your Gen Y Digital Cowboys to expand your network of contacts to both retain and expand your company. Do you feel that you are out of touch as a corporate leader when dealing with younger generations of workers? Well, have no fear!

8 Leading Areas for Change In Risk Management/Analysis In The Coming Years

Strategy Driven

Businesses across the world have become an integral part of the networked economy. All of this, at the same time, creates a network of risks. All businesses in this network will have to rely on their partners that they can identify, manage, and reduce risks. Bottom-line performance is a vital aspect of any business. Managers and people in higher positions, in general, are always looking for ways to improve bottom-line operations and minimize the risks.

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The Serendipity Machine

Mills Scofield

Sebastian, an organization hacker, is the author of The Serendipity Machine - the inspiring story of the highly innovative, international coworking network Seats2meet.com. ” By opening its lounge to the growing network of independent professionals, Seats2meet.com began to build an interface between its business and the wealth of social networks. It is an attitude of openness and sharing that anyone operating within a social network needs to have anyway.

The Art of HR: Building REAL Social Networks

LDRLB

Social networking has evolved in various formats, using technological advances to allow people to communicate with their network in unique ways. These networks have infiltrated our workforce and have created numerous fluid dynamics in our workforce. Avid social networkers can now create a portfolio of jobs, without relying on one single employer. To teach this, HR must first set an example for the rest of the organization by building its own internal social networks.

What Uber’s China Deal Says About the Limits of Platforms

Harvard Business

Are there really global network economies? While network economies generally are regarded as critical to winning with platforms, they, like economies of scale, often seem to be overestimated by executives. From the perspective of globalization through platforms, it is essential to ask yourself whether network economies operate at the global, national, or local level. Do switching costs help sustain network advantages?

Why the Problem with Learning Is Unlearning

Harvard Business

” But in a networked economy, the nature of strategy, value creation, and competitive advantage change from incremental to exponential. They look to create network effects through ecosystems of customers, suppliers, and partners. In the area of organizational design, we are seeing an evolution from formal hierarchies to fluid networks. To truly become a networked organization, you need decision principles that create both alignment and autonomy.

Business School Professors Should Be Like Movie Directors

Harvard Business Review

Professors must think of themselves as experiential movie directors for a production of Global Business in the Networked Economy , orchestrating and coaching a multinational cast of actors through experiments – and stepping off of the stage for a broader purview. As business school professors, we always ask ourselves why we are needed. Because we train future leaders and shape how organizations create value for societies. But will students need us in the same capacity in the future?

You Need a Community, Not a Network

Harvard Business Review

To get serious results from a network, you need commitment and a continuity of relationships among the participants. To borrow language from the philosopher Avishai Margalit , the web is a “ thin we ” type of network. They have little in common with other members, and they’re reluctant to do much for the network. When networks develop into communities, the results can be powerful. What can leaders do to turn a network into a community?

Technology Alone Won’t Solve Our Collaboration Problems

Harvard Business Review

Our fast moving, globally networked economy simply was not possible a few years ago. Too often, a new KMS often conflicts with the way that employees currently use informal networks to seek and provide information. Every week a vendor introduces a new gadget, system, or service that promises to make us communicate and collaborate better, faster. Just look at the comments below any article about virtual teams.

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