I'm proud to be a micromanager, says Hertz CEO
Unless leaders get down in the weeds and understand their companies, they'll never be able to come up with workable big-picture solutions, says Hertz CEO Mark Frissora. "I have to get 'too involved' in the business because I'm setting the strategy. If I don't understand the business, then I'm a poor manager and I've failed as a leader," he says. McKinsey Quarterly (free registration) (November 2013)
5 ways to ruin a team meeting
If you want to demoralize your workers and utterly wreck a team meeting, try spending an hour and a half talking about things that could have been simply shared in an e-mail, writes Dan McCarthy. Other options: Hold meetings without any purpose, spend ages going over problems that matter only to one person, or simply breeze in without explanation 10 minutes late. "It's a slap in the face of your team members. Unfortunately, it happens all the time," McCarthy writes. Great Leadership (11/12)
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Take Charge With a Leader as Coach Certificate.
The Online Leader as Coach Certificate can help experienced and emerging leaders in any industry. Hands-on learning can make an immediate impact on your business. U.S.News & World Report ranked Butler # 2 in the Regional Universities Midwest category in the 2013 edition of "America's Best Colleges." |
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Rise of the robot negotiators
Researchers are working on artificial intelligence that can negotiate business deals and make strategic calculations in the same way as humans. Computers can be taught to collaborate and engage constructively with people, and in some areas can teach human negotiators a thing or two, writes researcher Horacio Falcao. "Even the more subjective elements of negotiations such as trust and a statement of invitation to share priorities can be transferred to computers in a successful way," he writes. Knowledge.Insead.edu (11/13)
![]() | Cloud Computing 101: It's a Brave New Virtual World
For small-business owners, it can be challenging to choose from the variety of digital tools available, particularly with increased concerns of data security, privacy and ownership. One of the most convenient and easily accessible digital tools available is cloud computing. In this white paper from American Express OPEN, learn how cloud computing can make running a small business faster, easier and more manageable. Download the free white paper now. |
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| Innovation and Creativity |
How to turn your company into a lean startup
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Getty Images for TechCrunch
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Companies need to change their accounting and accountability paradigms to foster real innovation, says Eric Ries, author of "The Lean Startup." Innovation comes when companies allow the right teams the license to explore specific problems without having to generate immediate profit. "I guarantee you these teams will produce a more innovative culture, and that culture will allow you to attract and retain the best people in those teams," Ries says. Strategy+Business magazine (free registration) (Winter 2013)
Incremental innovation could help you build the next iPhone
Even commercial breakthroughs such as the iPhone came about because of accumulated incremental changes that made existing ideas more marketable, writes Sandeep Kishore. Most paradigm-changing ideas "often started with a basic platform. ... Once these ideas were further improved and enhanced, the path was paved to enable their widespread use and subsequent monetization of these innovations," Kishore writes. Wired.com/Innovation Insights blog (11/12)
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Daren Sorenson on millennials and the new value of shopper marketing
Digital media has changed the way and the speed in which people shop. Marketers must now provide consumers with a full buying experience both online and in-store, adding a new dimension to their jobs.
In particular, understanding the purchasing habits of millennials, who were raised with online shopping as a part of daily life, can be a challenge since many younger consumers have different expectations and approaches to buying. Read the full post.
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Made in France? Mais oui, say French shoppers
Some French companies are offering up domestically produced versions of products, including polo shirts and cola beverages, that are usually imported. Polling suggests French consumers would support homegrown businesses even if it means paying more. "We have become distracted by cheap products for too long. Now we want to put some more money down to have better quality," says Josette Dupont, who was visiting the Made in France fair. National Public Radio/Parallels blog (11/11)
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Bill Clinton discusses challenges facing financial industry
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Bloomberg via Getty Images
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In a speech at the Securities Industry and Financial Markets Association's annual meeting, former President Bill Clinton discussed the increased interconnectedness of the global economy and the challenges that the financial industry faces. "Problems with a lot of moving parts need a lot of different perspectives," Clinton said. "Creative cooperation is a better model than constant conflict." SmartBrief/SmartBlog on Finance (11/12), Bloomberg (11/12)
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Why wealthy New Yorkers love their "paid friends"
Well-heeled New Yorkers are hiring people to be their friends. Personal shoppers, fine art consultants and yoga trainers are increasingly doing double-duty as friends and companions. "Once you've had paid friends who don't argue with you, it's actually quite hard to go back to real friends," says one aficionado. The New York Observer (11/5)
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Look to the future, because that's where you'll spend the rest of your life."
-- George Burns,
American comedian
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