FUNCTIONS

ARTICLES, HUMAN RESOURCES, RizeClub®

boost innovation, introduce a Chief Incentives Officer


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Physicist and biotech entrepreneur Safi Bahcall argues in Loonshots: How to Nurture the Crazy Ideas That Win Wars, Cure Diseases, and Transform Industries that the secret to creativity as actually organizational structure versus anything else. To Bahcall, the goal is to create a structure where you get people motivated and incented to go for “loonshots,” crazy ideas that ultimately turn into big innovations.

Companies need to separate the “artists” who do primarily creative work from the “soldiers” who focus on operations and execution. 

 “The Innovation Equation,” which offers four parameters companies can use to tilt the balance in favor of innovation and away from politics. The parameters are:

  • Equity Fraction: the fraction of compensation tied to project outcomes vs. tied to rank
  • Fitness Ratio: the ratio of two measures–how well employee skills are matched to their projects, and how much politics matters to promotion decisions
  • Management Span: the number of direct reports that executives of the company have
  • Salary Growth: the increase in salary with promotion

Loonshots also advocates for a new executive position: The Chief Incentives Officer. 

click here for the full Inc. article

ARTICLES, INNOVATION, RizeClub®, STRATEGY

Inc. – Invite Fresh Ideas to the Table


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Create an outside team of advisors. Unlike a focus group, they are not anonymous, but purposeful in providing valuable insight about the trends in your market. Your advisory team should always provide data, not assumptions, about what is trending and emerging so your company can be ahead of the learning curve. Members of your advisory team should have term limits, so you are always on-boarding fresh ideas every 2 to 4 years. 

https://www.inc.com/carol-sankar/want-your-business-to-grow-you-need-to-invite-fresh-ideas-to-table-heres-how.html

HUMAN RESOURCES, PODCASTS, RizeClub®

LinkedIn learning – Reid Hoffman and Chris Yeh on Creating an Alliance with Employees


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ARTICLES, MANAGEMENT, RizeClub®

FORBES – The Benefits Of Simplicity


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Being an effective manager is not about mastering mysterious and complicated methods.  It’s about keeping it simple and following old, proven, and even obvious ideas. What made a good leader in the past is still what makes one today: being competent, caring, and benevolent.

MANAGEMENT, RizeClub®

Forbes – The Benefits Of Simplicity


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Management Tip: The Benefits Of Simplicity

EMPLOYERS, INNOVATION, RizeClub®

Fast Company – the 50 companies that are creating the future today


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Excerpt from the Fast Company article;

04 Disney

Plenty of venerable media empires aspire to be players in the streaming wars. None is better positioned than Disney, which retooled its organization to deliver its own video services rather than license content to Netflix. “We’ll do a better job than others,” says direct-to-consumer chief Kevin Mayer. “We know [our] brands viscerally.”

11 Target

One room is full of sequins and kids’ clothes. Another has lamps and tables, and yet another houses beakers of various dishwashing detergents. This is Target’s Minneapolis-based design lab, where Julie Guggemos, the company’s senior VP of product design, leads the creation of hundreds of thousands of items for the company’s in-house brands.

15 Alibaba group

Chinese commerce giant Alibaba’s Hema Xiansheng stores are the showpiece of what it calls “New Retail,” the seamless blending of the digital and physical experience. “Consumers don’t think about the world online versus offline,” says Alibaba Group president Michael Evans. “Neither should brands and retailers.”

17 Apple

Apple’s most impressive new product of 2018 wasn’t a phone or a tablet, but a chip: the A12 Bionic. Debuting in last fall’s iPhones, it’s the industry’s first processor based on a seven-nanometer manufacturing process. The A12’s 6.9 billion transistors deliver dramatically faster performance, lower power consumption, and more raw muscle for intensive applications.

click here for the full list at Fast Company.