Management

Management

Don't Work Hard, Just Work Smart

Flickr founder Caterina Fake on why hard work is overrated. http://bit.ly/cxckNS

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Management

Skip Brainstorming Sessions, Use Ideas Sites Instead

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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Management

"Screw Up As Fast As Possible"

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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Management

"Net Promoter" Score

The only metric an organization needs to track to assess customer satisfaction is its "net promoter" score, which is percentage of customers willing to "recommend company to a friend or colleague". Wikipedia: http://en.wikipedia.org/wiki/Net_Promoter

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Management

Don't "Push" Products; Let Market "Pull" Products From You

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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Management

Frequent, Small Bonuses

Motivation experts say that frequent, unexpected small bonuses are highly motivating. Fortune Magazine http://bit.ly/bldDF0

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Management

Sell to the "Base of the Pyramid"

Four billion people live in poverty - yet represent an enormous, untapped market. First step: create a market. WSJ: http://ow.ly/wYyQ

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Management

Use "Walking Meetings" for Creativity & Perspective

Walk around the block with colleagues, rather than sitting in the office, for planning or problem solving discussions.

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Management

Balancing Innovation and Execution

How does an organization balance the need to innovate with the need to execute on current projects? Eric Schmidt at Google imposes the 70 / 20 / 10 rule for percentage of company resources spent on core business / new businesses / speculative efforts. Wikipedia:http://en.wikipedia.org/wiki/70/20/10_Model

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Management

Power of Playoffs for Gaining Attention

NASCAR instituted a playoff format for the end of the season, and viewership was up 12%. Golf instituted something similar in 2007. Playoffs are a great marketing strategy. From New York Times Magazine http://www.nytimes.com/2005/12/11/magazine/11ideas_section3-5.html

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Management

Abolish Budgeting

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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Management

Nurture Talent Inside Your Organization

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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