|1. MANAGING OUR WAY TO PROSPERITY
Forbes – May 2014
In another brilliant epilogue to this year’s Global Drucker Forum, Denning chats with Rita Gunther McGrath regarding her recent book, The End of Competitive Advantage.
McGrath explores questions, or often excuses, critical to organizational strategy: Are organizations just ‘too busy’ to do strategy? Is it the transformation of strategy, or of management? Do we have the tools to do strategy in the ‘new way’?
2. GETTING PAST THE GREAT IDEOOGICAL DIVIDE IN BUSINESS TODAY
TIME – May 2014
A prescient flashback from the 1940’s, the following quote from Peter Drucker captures the essence of a growing rift in business today: “What we need is not an ideology, but a science – a new science of industrial peace.”
On one side of this growing divide, champions of the classic Capitalism 1.0 mantra of ‘maximizing shareholder value’. On the other, those with a view of business at large as having an obligation to provide benefit to its stakeholders.
‘Two-sides, fundamentally grounded in separate camps and pitted against the other’s philosophy. A clash being waged by individuals blindly clinging to their own dogma.’
What might Drucker think of all this? Read on to get a glimpse!
3. THE CAPITALIST’S DILEMMA
Clayten Christensen’s latest in HBR – May 2014
Is your organization at risk of failing to invest in innovation and thus missing out on opportunities for growth? If so this ground breaking article, and the research behind it, are for you.
“In our view the crux of the problem is that investments in different types of innovation affect economies (and companies) in very different ways – but are evaluated using the same (flawed) metrics.”
Going further, and hence the ‘Dilemma’, he notes capital is no longer in short supply, and if companies want to maximize returns on it, they must stop behaving as if it were.
4. DON’T F*CK UP THE COMPANY CULTURE
When it comes to building and sustaining an enduring culture of greatness, it doesn’t get much more straightforward than the title to this piece.
5. HELP LEADERS BE LESS USELESS AT STRATEGY
Roger Martin in HBR – May 2014
Once again Roger Martin brings his practical no nonsense thoughts on Strategy to the fore. This two minute read provides three key takeaways to help you be better at Strategy tomorrow:
In essence leaders need to “Construct a more productive series of interactions on strategy”:
1. Go early with the framing of the challenge you want to tackle
2. Go back with the possibilities you generate
3. Return a third-time when you’ve reverse engineered the possibilities
6. MIXING BUSINESS AND SOCIAL GOOD IS NOT A NEW IDEA
HBR – May 2014
As more and more business schools develop programs focused on leveraging business to do good, and companies strategically recruit talent that’s more interested in social impact than big bonuses, the shifting tides of modern day business and society are evident.
As these landscapes continue their dramatic transformation, perhaps leaders of today should look to those of the past who trail-blazed a history of business kindness.
This short yet powerful read reminds us there have been successful businesspeople throughout history who focused on creating a better life for their employees, and societies.
7. WHY GOOD LEADERS MAKE YOU FEEL SAFE
Simon Sinek – TED
Recorded in March at TED2014, this moving Talk from Sinek explores how great leaders build emotional bonds of trust with, and safe environments for, their followers.
As he explains, it’s all about the ‘environment’ a leader creates and the resulting ‘tribe’ which develops.
If you get it right, as in, if the people within the tribe ‘feel’ safe with a mutual trust and cooperation for one another, any tribe member has the capacity to do remarkable things.
8. FLASH BOYS: A WALL STREET REVOLT
By Michael Lewis
Flash Boys is about a Canadian hero of sorts who figures out the U.S. stock market’s been rigged for the benefit of insiders and that, post–financial crisis, the markets have become not more free but less, and more controlled by the big Wall Street banks.
The light that Lewis shines into the darkest corners of the financial world may not be good for anyone’s blood pressure as, in fact, this story is NON-fiction (check out this New York Time’s book review to get a flavour of the ongoing real world story).
Suffice to say however this is an uplifting read at heart as here are individuals who maintained their moral compass in the face of greed, and who after experiencing an institutionalized injustice, are willing to go to war to fix it.
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