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JOURNAL REVIEWS

First, Let’s Fire All the Managers

Gary Hamel, a visiting professor at London Business School and the director of the Management Innovation talks about quite an interesting concept – companies without managers. This article is based on a Self Managed company. With some brilliant and thought provoking messages – this article is a good read.

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How Great Companies Think Differently

Rosabeth Moss Kanter, a Professor of Business Administration at Harvard Business School believes that the traditional objective of business, which is profit-making, doesn’t reflect the way how great companies work toward success. Through her research on the most successful companies situated across more than 20 countries on 4 continents, she proves that an institutional logic lies behind the successful practices of great companies.

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Getting It Done: New Roles for Senior Executives

The authors, Thomas M. Hout, vice president of the Boston Consulting Group and John C. Carter, principal of Product Development Consulting, define new managerial roles for senior executives functioning at top level in their well-researched article ‘Getting It Done: New Roles for Senior Executives’ published in the Harvard Business Review.  They coin a term ‘senior executive activism’ to refer the essential quality required by senior executives that enable them to withstand increased market competition while they are spurring successful process reengineering efforts in their organizations.

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The Art and Science of Finding the Right CEO

A.G. Lafley, the former chairman and CEO of Procter & Gamble and Noel M. Tichy, a professor and the director of the Global Citizenship Initiative at the Ross School of Business at the University of Michigan explains the art and science of finding the right CEO in this recently published Harvard Business Review. This article discusses some of the leadership development practices that A.G. Lafley had undertaken while he was the CEO at Procter & Gamble.

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The Wise Leader

In the backdrop of the recent economic recession and subsequent failures of giant corporate firms like Lehman brothers and Washington Mutual, the authors- Ikujiro Nonaka and Hirotaka Takeuchi, in this journal article analyze the reasons behind such disastrous business failures. According to them, there exists a wide gap between what CEOs preach and what they do.

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Are You Ready For the Era of ‘Big Data’?

Brad Brown, a director in McKinsey’s New York Office; Michael Chui, a senior fellow with the McKinsey Global Institute (MGI) and James Manyika, a director of MGI, question the readiness of organizations to welcome the era of ‘Big Data in this McKinsey article. They categorically state that in the era of big data, the future belongs to only those companies that collect more quality data and use it effectively for competitive advantage.

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The Second Economy

In the latest McKinsey Quarterly Review, W. Brian Arthur, an eminent economist and a pioneer in the science of complexity explains ‘the second economy’ based on ‘digitization’ and how this second economy revolutionizes the way we live, in the same way industrial revolution did almost 60 years ago. He further explains the economic possibilities of this digital economy for the future generation and also the possible down side of such a digital revolution.

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Top Executives Need Feedback – Here’s How They Can Get It

In this McKinsey Quarterly article adapted from Robert S. Kaplan’s book, ‘What to Ask the Person in the Mirror: Critical Questions for Becoming a More Effective Leader and Reaching Your Potential’ the author confirms the untold truth that top executives are less likely to receive constructive feedback as subordinates never want to offend their bosses. So over time, top executives become isolated from criticism and thus a potential source of constructive criticism represented by subordinates remains untapped forever.

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Organizational Health: The Ultimate Competitive Advantage

In this article adapted from Scott Keller and Colin Price’s book ‘Beyond Performance: How Great Organizations Build Ultimate Competitive Advantage’, the authors introduce  the concept called ‘organizational health’ and go on categorically stating that in order to sustain high performance over the long term, organizations must have in-built capabilities to learn and must keep changing over time; in fact an organization’s ultimate competitive advantage lies in these capabilities.

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Freeing Up the Sales Force for Selling

The authors Olivia Nottebohm, Tom Stephenson and Jennifer Wickland explain in this article how a less-productive sales force can be transformed into a highly productive one just by freeing up the sales force from their non-selling activities for accomplishing actual selling. Emphasizing the need of sales force for spending more time on actual selling, the authors point out that the real success in sales lies in the optimization of the entire sales process and successful relationship building.

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Four Principles for Crafting Your Innovation Strategy

The rapid rate at which technological progress is making established companies irrelevant and birthing new champions is scary not only for the vanquished old masters but also for the new champions who may enjoy much less time basking in the glories of success than the old masters did. In this article, two management consultants take up specific examples and explain how certain companies have created success for themselves in today’s volatile business landscape.

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Shoveling Water - Why does it take so long to commercialize new technologies?

Author David Rotman explains the differences between individual technologies and domains while exploring why it takes technology so long to commercialize. This understanding can help enterprises evaluate their product choices, the investments they need to make and the timeline for successful adoption of the new technology. This can show them what to focus on in their development efforts.                                          

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Lie Detection

Ekman learned that the human subjects he studied betrayed their emotional state through microexpressions, however much they tried to suppress them. He identified 46 facial-muscle movements that, across cultures, signal such basic emotions as fear, distrust, and distress.

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Manipulating Memory

A clinical psychologist at McGill University and the Douglas Institute in Montreal, Alain Brunet says "If someone is traumatized, you ask them to recall the memory, give them a pill, and the [emotional] strength of the memory is weakened." The details of the trauma remain intact, but the emotional component of the memory appears to dissipate.

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Touch Screens with Pop-up Buttons

As touch screens become more popular in other contexts, such as in-car navigation and entertainment systems, this lack of sensory feedback could become a dangerous distraction.

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Making Change Happen, and Making It Stick

It is said that the only thing constant about life is change. However, in the present context it would be more appropriate to say that the only thing constant about life is rapid change. We are living in a disruptive age where new technologies and other developments bring significant changes to our lives every few years. Business leaders are hardest hit as they cannot even dream of settling down into a comfortable groove because if they do so, it won’t take long for a competitor to copy their solutions and offer it cheaply or come out with a much improved alternative.

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50+ The Market That Marketers Still Miss

The authors Rawlinson and Kuznetsova, discuss the importance and presence of  a strong group of consumers who are 50+ and have the money and drive to experiment with new and old products. It is time for them to engage in a full blown market segmentation framework for their products.       

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Managing with the Brain in Mind

Unlike other human organs, the human brain is a social organ and it develops not by the growth of the human body but by the level of its social interactions, as the recent neuroscience research has been able to prove.

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Saving a Crisis-Ridden Company

Satyam Computer Services of India, a highly respected company that fell from grace due to massive frauds committed by its top managements and came to be referred to as India’s Enron. The authors of this article Priscilla Nelson and Ed Cohen used to work at Satyam, Priscilla was the global director of people leadership while Ed was chief learning officer.

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Stop Blaming Your Culture

Culture is the sum total of deeply embedded beliefs, mind-sets, and self-reinforcing behaviors that influence general behavior and thinking in an organization. People within an organization operate on an unstated understanding of the way their organization works, and their place in it. Thus, organizational culture considerably influences everyday actions of its people.

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  • Sales

    Make Winning Follow-Up Calls That Turn Prospects Into Clients

    If you're calling on a prospect with the intent to follow up with them rather than calling on them cold or for the first time (example: following up after sending them a brochure, press kit, product/service information, an initial conversation at a networking event, etc) consider the following points: 

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  • Marketing

    Three Big Barriers

    Overcoming barriers and obstacles is just something you have to face as a small business owner. Here are some barriers to small business marketing success that almost everyone faces and how you can avoid them. When you feel like you’re always busy working on your business but not getting results, it can be frustrating trying to figure out how to get on track. It can easily become a “not seeing the forest for the trees” feeling. Here are three big barriers small business owners regularly face and how you can overcome them.

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  • Web 2.0

    Choosing Digital Marketing Partners

    I know of a great book that I strongly recommend you read. Although short and sweet, it packs a powerful message: do what you do best. Focus on doing what you do best. The book is Soar with your Strengths, by Donald O. Clifton and Paula Nelson. It starts with a little fable about the Animal School, and how the squirrel's teachers decide he needs to spend more time learning to swim, since he's already good at climbing.

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  • Strategy

    Discussions for strategic agility

      Co-ordinating activity in an uncertain market poses a paradox. Executives must constantly update their understanding of a fluid situation, evaluate alternatives and periodically revisit their assumptions. And, to make things happen, they must sell projects upwards and downwards, energise subordinates, monitor performance and make mid-course corrections.  

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  • Ops & Management

    10 Things You Need to Know About Your Prospects

    1. Your prospects need you. Do you imagine that by promoting yourself, you are intruding on or interrupting your prospect? Are you thinking, "They won't want what I have," or "They've probably already got someone." Well, as Stock Photography Guru, Rohn Engh, likes to say, "At this very moment, your prospects are waiting for you." Whether it's true about a specific prospect is irrelevant; if you approach each prospect with that frame of mind, you'll make a better presentation.

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  • Entrepreneurship

    Do Innovation and Entrepreneurship Have to Be Incompatible with Organization Size?

    On the day two weeks ago when I put this piece together, several pieces of news reminded me of the importance of this question. It was reported that Saturn dealerships were closing in anticipation of the announcement by General Motors that Saturn was one of three brands that it would drop. Saturn, arguably the most innovative undertaking by the company in several decades, is on the auction block. Consumers apparently loved the car more than GM executives, who couldn't figure out how to make much money with it.

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  • Communication

    Getting To the Truth

    When talking with someone, did you ever get the feeling that they were not being 100 percent honest and upfront with you? While many people have felt this way, whether it's a business owner, manager, parent, co-worker, coach or consultant, I'm often told that they really don't know how to handle it. Take a salesperson, for instance. Instead of confronting a potential customer about this innate concern, they take what this prospect says and try to do their best to work around it, even though they know that the prospect isn't telling them something.

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  • Personal Growth

    Way to Strengthen Your Business and Personal Relationships

    You have three simple ways that we could apply in your own personal relationships to your business ones.With this you can make that special someone in your life feel extra special and how you can apply these same actions to strengthen your client relationships:

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Editorial

Obama's Diwali Message to People of Indian Origin

Sales Lessons from Obama's Public Diplomacy With Indians By Vishal Asthana and Nick ...

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Business Book Reviews More

Working with Emotional Intelligence

31st December, 1969
By


 Reaching the top and staying there; this is what millions strive for each day. This book guides the readers about what it takes to make the journey. Even though elements like academic excellence, technical knowledge and experience are very important; there is yet another set of qualities that determines who will be an exceptional achiever and who will be an average one. This book is a result of a series of studies and analysis thus each suggestion is worth being considered.

Discussion of the week More

Facebook in 10 years......

25th August, 2009
By Nick Vaidya


Has the facebook phenomenon reached maturity and equilibrium or are we to expect change?  It is, indeed, a lot of things to a lot of people.  It is a social resume.  It is a directory of people? It is play ground? It is a blow horn? And on and on....Whatever it may be to you, it evolves for each individual. What do you think it will look like in 10 years from now?  

Quote of the Day

There are a lot of things that go into creating success. I don't like to do just the things I like to do. I like to do things that cause the company to succeed. I don't spend a lot of time doing my favorite activities.
- Michael Dell

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