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Nonprofits are often resource constrained. That doesn't mean they can't scale in impact. This article reviews six strategies (bricks to clicks, networks, training, advocacy, alter attitudes, strengthen the sector) described by Jeffrey Bradach of Bridgespan Group. Stanford Social Innovation Review http://bit.ly/8YSl73
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In a new Wired cover story on Pixar, management at Pixar describes how they tolerate (expect) mistakes, but have systems in place to correct them quickly. Wired http://bit.ly/baP5VP
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UBS decided to stop judging employees against pre-determined budgets, and start judging them against previous results and their peers, making all figures public. Growth accelerated. Wired Magazine http://bit.ly/c1YS1J
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The Chinese are increasingly using a "pull" model of production, quickly designing and altering products as needs arise. Economist Magazine http://bit.ly/8Y532F
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Asia is becoming the hotbed of innovation, especially in reinventing good-quality products that are much cheaper: $3000 cars, $300 computers and $30 cell phones. Economist Magazine special report: http://bit.ly/bnu2cJ
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Motivation experts say that frequent, unexpected small bonuses are highly motivating. Fortune Magazine http://bit.ly/bldDF0
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A new book by Harvard Business School Professor Boris Groysberg suggests that job performance from one organization to another isn't necessarily very portable, and paying for talent is risky. It is better to nurture talent internally. Fast Company article: http://bit.ly/9WjjRN
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Professors at the Yale School of Management show that highest picks in the NFL draft perform worst dollar for dollar. Late first round and high second round picks do best. This probably has implications for other selection processes, such as picking CEOs. Yale SOM http://bit.ly/c2Bzbf
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If you want to create a revolutionary product or experience, don't listen to customer feedback (because they don't know). Watching the customer is OK. The curious example of one of Europe's most successful restaurants | Harvard Business School http://bit.ly/cTLMVE
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Northwester University researchers demonstrate that bad decisions beget more bad decisions, in part because of human tendency to factor in sunk costs. When trying to undo bad decisions, it makes sense to consult outsiders with no vested interest. Science Magazine http://bit.ly/9fMx8C
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Businesses increasingly are not only outsourcing call centers to India, but also model-building and analytics. Harvard Business Review http://bit.ly/b7ecL3
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Management theory demonstrates that goal-setting has a downside: blindly heading down the wrong path and missing opportunities. NY Times http://nyti.ms/degyJS
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Men and women manage in different ways. McKinsey and others argue that organizations should incorporate more feminist approaches to management. Economist Magazine http://bit.ly/c8ltet
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For every idea, allow people to check one of these two items: "Hey, I Never Thought of That" or "Cool. I've Had the Same Thought Myself."
This might provide some interesting insights, to see which ideas are unique and really out of the box. I wonder if ideas that have high totals for "Hey, I Never Thought of That" are ranked differently overall (higher or lower) than ideas that a lot of people tend to have. And, if there is a correlation, what might that mean (and what would you do about it)?
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Most crowdsourcing platforms let you vote ideas up or down, which usually means whether you like an idea or not. That's fine and important, but there's more to ideas than this. Other dimensions may include feasibility (i.e., it may be a great idea, but it's not very practical or would take a long long time to implement, so it's feasibility score may be low), cost, and so on. (Crowdsourcing contests tend to do this well, via the judging process.)
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Become a more customer-centric organization and generate visibility for your customers' ideas by having your employees crowdsource your customer-crowdsourced ideas. Make sure to let your customers know which ideas your staff liked best. (And definitely let the person know whose idea it was.)
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Ask this question candidly and specifically. Most people think of crowdsourcing as focusing on ideas for products and services. But a lot of ideas are around process. This can be a great way to improve processes that make it easier for customers to do business with you. And improvements around ease of doing business should have a definite impact on the bottom line.
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Some ideas come at seemingly random times (on a train, driving, in a queue at the bank, making dinner), but others pop into our heads while we're in the process of doing something. The closer together you can move (a) the time when someone gets an idea, and (b) the time when they tell you about it, the less chance the idea will be lost. If you can put links to your idea site right there in transactional areas, you'll have a better chance of getting those ideas right then in the moment.
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A new suite of standard "angel round" investment documents makes early funding faster, easier and cheaper. Andreessen blog: http://bit.ly/csd436
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Researchers at Wharton demonstrate that asynchronous idea generation is more effective in both quantity and quality of ideas than in-person brainstorming. http://bit.ly/csd436
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A colleague once observed that the best business ideas are often those you trip over, but you can only trip over something if you are moving forward, not standing still.
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Social media makes it possible to amplify corporate philanthropy to the point where it can compete with traditional advertising. One example: the Pepsi "Refresh Everything" campaign is offering millions of dollars of support to worth causes. http://pep.si/biSDH9
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Bill Gates on the magazines, newspapers and online resources he uses to get news. http://bit.ly/7OXm7R
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Bill Gates describes why it is in both a company's and society's best interest that corporate R&D budgets be in part targeted to the poorest. http://bit.ly/6NFyI8
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"Provisional" bonuses offered in advance, with the possibility of forfeiture, are more motivating than standard bonuses. Economist magazine: http://bit.ly/5YGGyH
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