HEALTH, PURPOSE & IMPACT

Category: Organization (page 3 of 3)

Thoughts on ‘Innovation’ from IDEO CEO, Tim Brown (source: McKinsey Quarterly)

Some really interesting thoughts related to ‘Innovation’ from the IDEO CEO, Tim Brown (Source: McKinsey Quarterly, November 2008).

1. All we do is try to have new ideas…

2. …focus completely and utterly on experimentation, on exploring ideas for the sake of exploring them, and on bringing unlikely people together to work.

3. …if we spend too much time focusing on doing our projects on time and on budget – running our kind of business well – then the ideas we generate aren’t as good.

4. Innovation is not a continuous activity; it’s a project-based activity.

5. It’s often the role of senior leadership to defend new ideas until they’re actually out in the marketplace and able to stand up for themselves.

6. The biggest barrier (to innovation) is needing to know the answer before you get started.

7. It’s better to have a bigger ecosystem for innovation than a smaller one. You’re going to get more ideas and increase the likelihood of better ideas.

8. …a competitive issue for nations in the future will be the ability of the general populace to generate and develop ideas.

9. Foundations and corporations are playing roles that they weren’t playing before in public services…there’s an opportunity both to improve the life experience of many, many people and to create quite a lot of economic benefit…

2008 “Borderless Workforce Survey” Results from Manpower

Noticed a recent interesting article titled “Beyond brain-drain” (June 24, 2008) on economist.com based on two surveys from Manpower – “Relocating for Work,” polled over 31,000 workers; and “Borderless Workforce,” surveyed 28,000 employers, each in 27 countries. Manpower’s Borderless Workforce Survey was released in June 2008 and is available for download on their website.

Interesting information worth noting:

* For foreign employees, America remains workers’ destination of choice, followed by Britain, Spain, Canada and Australia. The United Arab Emirates, particularly Dubai, is the top emerging economy on the list, in sixth place.

* 36.9% of workers surveyed said they would consider going anywhere in the world for good work. (This percentage of global workers open to moving was slightly surprising to me. I would’ve guessed a lower number.)
* Educated workers are more willing to relocate. Of those surveyed who had less than a high-school education, 62.2% were open to moving for a job, and 28.4% had actually done so. Among those with an undergraduate degree, that rose to 85% and 46.5%, and for those with a masters degree, to 87.4% and 60.7%.

* Main resons for individuals to relocate:
1. Increased Pay
2. Opportunity for career advancement
3. Better employment opportunities
4. Opportunity to experience a new culture/environment

* 31 percent of employers worldwide are concerned about losing national talent to other countries.

* Top Countries for Recruiting Foreign Talent (majority possess professional or technical skills)
1. China
2. United States
3. India
4. United Kingdom
5. Germany
The only other less-than-fully-developed country on the list is Poland, in tenth place.

* Top Countries Believed to be a Competitive Threat
1. China
2. United States
3. India
4. United Kingdom
5. Japan

* Recorded remittances from foreign workers worldwide, according to the World Bank, totaled $318 billion in 2007.
* Most Money Sent Home by Foreign Workers
1. India
2. China
3. Mexico
4. Philippines

‘Leading By Principles’ from Lou Gerstner’s “Who Says Elephants Can’t Dance?”

I was recently reviewing some of my previous notes and came across these principles from Lou Gerstner’s book (that describes the fascinating turnaround of IBM). The book is a must-read for anyone interested in organizational success. These principles seem to be highly relevant for any organization even today.

1. The marketplace is the driving force behind everything we do.
2. At our core, we are a technology company with an overriding commitment to quality.
3. Our primary measures of success are customer satisfaction and shareholder value.
4. We operate as an entrepreneurial organization with a minimum of bureaucracy and never ending focus on productivity.
5. We never lose sight of our strategic vision.
6. We think and act with a sense of urgency.
7. Oustanding, dedicated people (constructive impatience) make it all happen, particularly when they work as a team.
8. We are sensitive to the needs of all employees and to the communities in which we operate
.

According to Lou, the FUNDAMENTALS for successful executives are:
1. They’re focused.
2. They’re superb at execution.
3. They abound with personal leadership.

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