What GE looks for in its leaders
In today's rapidly changing business world, it's still easy to spot workers with real leadership potential, says General Electric human resources chief Susan Peters. The best future leaders have business savvy, strong peer relationships, and killer communication skills, Peters says. "In today's world, with people being so distracted, being a great communicator is actually one of the skills of leadership that has stood the test of time," she says. The Economic Times (India) (11/15)
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Microsoft and Yahoo weigh merits of "rank and yank" policies
Microsoft is ending its longtime practice of stack ranking employees even as Yahoo CEO Marissa Mayer has implemented a similar "rank and yank" policy in which poorly graded workers can be dismissed. The tech giants' policies are based on opposing business philosophies, with Microsoft betting on people and Yahoo betting on managerial processes. "It's fair to say that most companies sit somewhere on the spectrum between the two extremes, and that the best approach probably lies somewhere in the middle," Jennifer Reingold writes. CNNMoney/Fortune (11/14)
Why every company needs a "Mythbusters" team
It's easy to found a corporate strategy on mistaken beliefs and watch it eventually collapse, writes Bill Conerly. To avoid that fate, designate your brightest workers to be "Mythbusters." "It will be messy if they prove wrong one of your fundamental beliefs, but better to learn the lesson sooner than later," Conerly writes. Forbes (11/14)
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| Innovation and Creativity |
Want more creative employees? Encourage them to slack off
Research suggests that people who distract themselves at work, possibly with online browsing, are actually more productive than those who are always on task, perhaps because distractions give the brain a chance to process problems on an unconscious level. That's leading to the development of online tools capable of providing carefully calibrated distractions designed to stimulate creativity. Nautilus (11/14)
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Leadership development is job No. 1 for Asian business
Asian companies should focus on creating a culture of mentoring and leadership development while providing opportunities for leaders to gain international experience, argues Vibhas Ratanjee of Gallup. "Asian companies must help leaders gain a broader, holistic view of other cultures if they are to thrive," Ratanjee writes. Gallup Business Journal (11/14)
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Why team-building is not enough
Companies often invest in team-building activities, but that is only half the battle, writes Julie Winkle Giulioni. It's also important that your team, once built, bonds into a cohesive unit capable of consistently delivering the results you need. "[I]f you're looking for genuine and sustainable results, don't settle for mere team-building," Giulioni advises. SmartBrief/SmartBlog on Leadership (11/14)
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CME Group's Duffy discusses the Global Financial Leadership Conference
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Terrance A. Duffy
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In this Q-and-A, CME Group Executive Chairman and President Terry Duffy discusses the goal of the Global Financial Leadership Conference and how it got started. The GFLC has provides a venue for some of the brightest minds in business, economics, media and politics to have a dialogue about current issues and risk in the global economy, he says. "It all centers around the idea of how markets are more interconnected than ever before," Duffy explains.
Editor's note: Watch your inbox next week for SmartBrief on Leadership's special coverage from the GFLC. SmartBrief/SmartBlog on Finance (11/14)
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The only fence against the world is a thorough knowledge of it."
-- John Locke,
British philosopher
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