Cristina Marx/EyeEm/Getty Images Mary Barra, Meg Whitman, Indra Nooyi: These are just three of the women who have successfully broken through the notorious “glass ceiling” to become CEOs of large public firms. Although women are still underrepresented at the top of corporations, there is growing interest in understanding whether men and women have different experiences […]
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Does Wall Street Finally Care About Sustainability?
Neasden Control Centre for hbr “Wall Street doesn’t care.” I’ve been attending conferences on green or sustainable business for more than 15 years, and I’ve worked closely with senior executives at multinationals on sustainability strategy. Through it all, I hear a common refrain: Even though climate change is already creating material risks and opportunities for […]
Why the Lean Start-Up Changes Everything
New ventures are searching for a business model, not executing one. from HBR.org http://ift.tt/2rqmgu1
6 Ways to Take Control of Your Career Development If Your Company Doesn’t Care About It
Drawn Ideas/Getty Images We are now in the era of “do-it-yourself” career development. Companies less frequently offer formal training – a trend that has been on the decline for years. This may be because employees change jobs so frequently (job tenure now averages about four years) that firms don’t see the value in investing in […]
Machine Learning Can Help B2B Firms Learn More About Their Customers
vincent tsui for hbr Much of the strategic focus in the digital economy thus far has revolved around getting better insights into consumers. B2C firms have been the leaders in customer analytics initiatives. E-commerce, mobile commerce, and social media platforms have enabled businesses to better sculpt marketing and customer support initiatives and customer services. Extensive […]
Here’s Why Strategy Chiefs Succeed or Fail
alicemoi/Getty Images Why is that some companies have great heads of strategy who make an outstanding contribution to their companies while others don’t? To answer this question, we evaluated a sample of 55 different heads of strategy and looked more closely at 11 who were particularly successful and 10 who were at the other end […]
Here’s Why Strategy Chiefs Succeed or Fail
alicemoi/Getty Images Why is that some companies have great heads of strategy who make an outstanding contribution to their companies while others don’t? To answer this question, we evaluated a sample of 55 different heads of strategy and looked more closely at 11 who were particularly successful and 10 who were at the other end […]
Companies That Do Right by Their Workers Start by Elevating Their Definition of Success
Evening Standard/Stringer/Hayon Thapaliya/Getty Images There’s been a ripple of excitement of late as some big companies have unveiled (fairly modest) raises and bonuses for workers. Wal-Mart announced that it would pay out up to $1,000 per employee, depending on seniority, and that it would begin a process of boosting its minimum wage to $11 per […]
Companies That Do Right by Their Workers Start by Elevating Their Definition of Success
Evening Standard/Stringer/Hayon Thapaliya/Getty Images There’s been a ripple of excitement of late as some big companies have unveiled (fairly modest) raises and bonuses for workers. Wal-Mart announced that it would pay out up to $1,000 per employee, depending on seniority, and that it would begin a process of boosting its minimum wage to $11 per […]
How to Persuade the Young and the Healthy to Sign Up for Health Insurance
Zelma Brezinska/EyeEm/Getty Images One of the big challenges in both expanding the number of Americans with health care coverage and keeping premiums affordable for people with chronic or serious illnesses has been persuading young and healthy adults to obtain policies. Critics argue that the new U.S. tax law has made this task even harder with its elimination […]
The Future of Human Work Is Imagination, Creativity, and Strategy
Juj Winn/Getty Images It seems beyond debate: Technology is going to replace jobs, or, more precisely, the people holding those jobs. Few industries, if any, will be untouched. Knowledge workers will not escape. Recently, the CEO of Deutsche Bank predicted that half of its 97,000 employees could be replaced by robots. One survey revealed that “39% […]
Is Your Company’s Data Actually Valuable in the AI Era?
Carmen Martínez Torrón /Hayon Thapaliya/Getty Images AI is coming. That is what we heard throughout 2017 and will likely continue to hear throughout this year. For established businesses that are not Google or Facebook, a natural question to ask is: What have we got that is going to allow us to survive this transition? In […]
Stop Neglecting Remote Workers
Harry Haysom/Getty Images When we talk about the importance of building strong relationships with employees, there’s a growing contingent that we often neglect: those who don’t work in the main office. This means not just the 31% of Americans who work remotely four or five days a week but also the people in satellite locations, where […]
For Better Customer Service, Offer Options, Not Apologies
Jagdip Singh, a professor of marketing at the Weatherhead School of Management at Case Western Reserve University, explains his research team’s new findings about customer satisfaction. He says apologizing is often counterproductive and that offering customers different possible solutions is usually more effective. He discusses what companies can do to help service representatives lead interactions […]
Facebook, BlackRock, and the Case for Purpose-Driven Companies
Hiroshi Watanabe/Getty Images Last week, Facebook CEO Mark Zuckerberg announced that his platform needs to change. Community feedback has shown that public content has been “crowding out the personal moments that lead us to connect more with each other,” according to Zuckerberg. As a result, the company says it will be focusing more on promoting posts […]
Why an Activist Hedge Fund Cares Whether Apple’s Devices Are Bad for Kids
Tim Ellis/Getty Images On January 6, 2017, JANA Partners, a New York–based activist hedge fund, and the California State Teachers’ Retirement System (CalSTRS) sent a letter to Apple’s board of directors that may change the future of activist investing. Citing a substantial body of expert research, the letter stated, “We believe there is a clear need for Apple to […]
How Customer Service Can Turn Angry Customers into Loyal Ones
hbr staff/csa images/Getty Images Good customer service seems like common sense for businesses. But how valuable is it really? Until now, this has not been rigorously quantified across different companies. Businesses are understandably reluctant to share their CRM and sales data, and most research in this field has been based on surveys. But as more […]
How Georgia State University Used an Algorithm to Help Students Navigate the Road to College
Yenpitsu Nemoto/Getty Images As AI continues to develop, a major test of its potential will be whether it can replace human judgment in individualized, complex ways. At Georgia State University, we investigated a test case where AI assisted high school students in their transition to college, helping them to navigate the many twists and turns […]
How the Best Restaurants in the World Balance Innovation and Consistency
pchyburrs/Getty Images The restaurant industry is notorious for being competitive, risky, and low-margin. This is no less true for the world’s most acclaimed high-end restaurants. Despite being able to charge hundreds of dollars for a meal and being fully booked months in advance, top restaurants often still have a hard time turning a profit. And […]
How to Create Executive Team Norms — and Make Them Stick
Stacey Oldham/Getty Images Have you ever been on an executive team where things just clicked? You had a common goal, communication flowed easily, and everyone was willing to put in the long hours for a final push. Looking back, you wish you could replicate and carry forward that same secret sauce on every team, especially […]
The 5 Things Your AI Unit Needs to Do
Bogdan Dreava/EyeEm/Getty Images Not a day goes by without the announcement of the appointment of a new VP of Artificial Intelligence (AI), a Chief Data Scientist, or a Director of AI Research. While the enthusiasm is undeniable, the reality is that AI remains an early-stage technology application. The potential is vast, but how managers cut […]
How Working Parents Can Feel Less Overwhelmed and More in Control
Jeffery Coolidge/Getty Images Revise budget numbers. Parent/teacher conference Wednesday. Edit the marketing overview document. Finish summer camp applications. Give candidate interview feedback to HR. Grocery run — we’re out of everything. Start drafting quarterly forecast. Call the roofer for the estimate. Organize team strategy session. Schedule kids’ flu shots. Get back to Jayesh and Liu on IT plan. […]
How Working Parents Can Feel Less Overwhelmed and More in Control
Jeffery Coolidge/Getty Images Revise budget numbers. Parent/teacher conference Wednesday. Edit the marketing overview document. Finish summer camp applications. Give candidate interview feedback to HR. Grocery run — we’re out of everything. Start drafting quarterly forecast. Call the roofer for the estimate. Organize team strategy session. Schedule kids’ flu shots. Get back to Jayesh and Liu on IT plan. […]
Robo-Advisers Are Coming to Consulting and Corporate Strategy
CSA Images/Printstock Collection/Getty Images Does a robot manage your money? For many of us, the answer is yes. Online and algorithmic investment and financial advice is easy to come by these days, usually under the moniker of “robo-advisor.” Startups such as Wealthfront, Personal Capital, and Betterment launched robo-advisors as industry disruptors, and incumbents, such as […]
Is Anyone In Your Company Paying Attention to Strategic Alignment?
Pm images/Getty Images The best performing companies are often the best aligned. But who in your company is paying attention to how well aligned your strategy is with your organization’s purpose and capabilities? In my research and consultancy with companies, I observe that, oftentimes, no individual or group is functionally responsible for overseeing the arrangement […]
Self-Awareness Can Help Leaders More Than an MBA Can
Jessica Durrant/Getty Images Vincent Siciliano, CEO of California-based New Resource Bank, was brought in to turn things around and restore the bank’s founding mission, which is to “serve values-driven businesses and nonprofits that are building a more sustainable world.” Within a few years, Vince had the bank back on track, but not everything was going […]
If Retailers Want to Compete with Amazon, They Should Use Their Tax Savings to Raise Wages
Enis Aksoy/Getty Images Walmart announced today that it is raising its starting wages in the United States from $9 per hour to $11, giving employees one-time cash bonuses of as much as $1,000, and expanding maternity and parental leave benefits as a result of the recently enacted tax reform. It is part of Walmart’s broader effort to create […]
Why People Really Quit Their Jobs
MirageC/Getty Images People don’t quit a job, the saying goes — they quit a boss. We’ve heard it so many times that when we started tracking why employees leave Facebook, all bets were on managers. But our engagement survey results told a different story: When we wanted to keep people and they left anyway, it […]
How Automation Will Change Work, Purpose, and Meaning
eva bee/Getty Images The vast majority of humans throughout history worked because they had to. Many found comfort, value, and meaning in their efforts, but some defined work as a necessity to be avoided if possible. For centuries, elites in societies from Europe to Asia aspired to absolution from gainful employment. Aristotle defined a “man […]
When an Email Exchange Turns Ugly
Hayon Thapaliya It was Monday morning and Lee opened his inbox to find an email from his manager: “Lee, I’ve decided to have Carlos present to the governing board, instead of you. I’m sure you’re good with this.” Lee had spent the entire weekend preparing for the presentation. Not only did he know the numbers […]
How to Make Sure People Won’t Hate Your New Open Office Plan
frank lloyd wright/ullstein bild/Getty Images Organizations are rushing to implement open office spaces in hopes of retaining talent, encouraging cross-functional collaboration, enhancing exposure to different kinds of expertise, and accelerating creativity and innovation. Sometimes this works, but often it doesn’t. In our research, we discovered that success with open offices may have as much to […]
How to Have a Good Debate in a Meeting
Hirokazu Jike/Getty Images The modern workplace is awash in meetings, many of which are terrible. As a result, people mostly hate going to meetings. The problem is this: The whole point of meetings is to have discussions that you can’t have any other way. And yet most meetings are devoid of real debate. To improve the […]
You Don’t Just Need One Leadership Voice — You Need Many
Gregor Schuster/Getty Images We often equate developing a leadership voice with finding ways to appear more confident. We assume that our success depends upon mimicking someone else, increasing our self-promotion, or saying things louder than others. But rather than living with imposter’s syndrome, or feeling exhausted by wearing your game face all day, you can build a […]
What to Do If You’ve Already Abandoned Your New Year’s Resolution to Get a New Job
Thomas Barwick/Getty Images According to research published by the New York Times, one in four of us has abandoned our New Year’s resolutions by January 8. Some resolutions are too daunting for people to follow through on. That’s especially true of any “new year, new job” resolution. If you are one of those who are bored, unchallenged, […]
Do Soda Taxes Work? Not Unless Retailers Raise Prices
Annabelle Breakey/Getty Images Soda’s empty calories are public enemy number one in the fight against obesity, and taxes on sugary drinks are an increasingly popular tool among local governments hoping to curb consumption. State and federal taxes on tobacco and alcohol have helped reduce consumption; local governments are simply assuming a soda tax will work in […]
Why Leaders Should Make a Habit of Teaching
Sydney Finkelstein, a professor of management at the Tuck School of Business at Dartmouth College, encourages leaders to approach their direct reports like teachers. As Finkelstein explains, being a teacher-leader means continually meeting face to face with employees to communicate lessons about professionalism, points of craft, and life. He says it’s easy to try and […]
The “Quiet Life” Hypothesis Is Real: Managers Will Put Off Hard Decisions If They Can
Kenneth Andersson for HBR In competitive markets, managers have a strong incentive to give their best effort. But economists have long argued that when companies are insulated from competition, their managers may not be motivated to maximize the profit of the firm and instead may choose to enjoy the “quiet life.” Similarly, without sufficient monitoring […]
If Your Spouse’s Work Life Is Stressful, Design a Healthier Home Life
Martin Poole/Getty Images Watching someone suffer from stress and burnout — and feeling powerless to help — is an awful experience. But it’s a reality for many married professionals who see their spouses staggering under the weight of constant demands from the office. In our work with professionals at many of the Fortune 100 companies, the question “How […]
What the Future of U.S. Antitrust Should Look Like
Purviance/William T./The New York Public Library Market concentration is rising while economic competition — the bedrock of a dynamic, free market economy — is under threat. No wonder the framework that has guided antitrust enforcement for the last four decades is coming under intense scrutiny. There are at least three schools of thought about the […]
Is Overregulation Really Holding Back the U.S. Economy?
Mina De La O/Getty Images With tax cuts now a done deal, Republicans are turning to regulatory reform to give economic growth a further boost. There, they may find more bipartisan support. Past reforms of airlines, rail, and trucking regulation were, after all, set in motion by Democrats. Today there is significant Democratic support for […]
Why the Rewards for Ambitious Problem Solving Are About to Get Bigger
John Devolle/Getty Images A decade ago, Microsoft was considered a dinosaur. It had missed the shift to mobile, was out of step with consumer tastes, and seemed too big and slow to adapt to a digital world that was moving at hyperspeed. Yet today the company is thriving again, largely driven by its growing cloud […]
Why the Rewards for Ambitious Problem Solving Are About to Get Bigger
John Devolle/Getty Images A decade ago, Microsoft was considered a dinosaur. It had missed the shift to mobile, was out of step with consumer tastes, and seemed too big and slow to adapt to a digital world that was moving at hyperspeed. Yet today the company is thriving again, largely driven by its growing cloud […]
Unpredictable Schedules Disproportionately Hurt Women’s Careers
Archive Holdings Inc./Getty Images The barriers that keep women out of leadership roles have been well documented. And they’re persistent — increases in women’s share of leadership over time have been in the single digits. In fields with long or unpredictable schedules, with schedules that professionals can’t control, or with extensive travel, women’s representation in leadership is even lower. One key […]
How to Figure Out What Your Side Hustle Should Be
Yenpitsu Nemoto/Getty Images A staggering 55 million people — more than 35% of the U.S. workforce — are now freelancers or contractors, and that number is projected to rise to 43% by 2020. About 44 million people report having some kind of side hustle, and of those who do, 36% say they earn more than $500 a month […]
The 3 Essential Jobs That Most Retention Programs Ignore
park troopers/unsplash For more than a decade, leading human resource strategists have hit on a recurring theme: You want your star players working in the roles that matter most to the business. For example, in 2009 professors Brian Becker, Mark Huselid, and Richard Beatty estimated that in most companies less than 15% of jobs are […]
Climate Change Is an Overwhelming Problem. Here Are 4 Things Executives Can Do Today
clement m./unsplash Today’s climate challenge is so far beyond our collective experience that it demands a radically different kind of engagement from senior leadership teams in the private sector. The threats that climate change poses to business, markets, and, indeed, capitalism are peculiarly hard for most top teams to spot, let alone act on. Our brains […]
What Self-Awareness Really Is (and How to Cultivate It)
Archi Trujillo/Getty Images Self-awareness seems to have become the latest management buzzword — and for good reason. Research suggests that when we see ourselves clearly, we are more confident and more creative. We make sounder decisions, build stronger relationships, and communicate more effectively. We’re less likely to lie, cheat, and steal. We are better workers who […]
How One Company Made Its Analytics Investment Pay Off
David Malan/Getty Images In the age of rapid advances in data science and artificial intelligence, many organizations still struggle to incorporate advanced analytics capabilities into their business models. True incorporation requires bold decisions about reorganizing the business to make analytics a key component of strategy. Here we present the case of Grupo Financiero Banorte (GFNorte), […]
Research: We’re Less Likely to Collaborate in Bad Economic Times
Mordolff/Getty Images In the fall of 1930, the U.S. economy was on a path to recovery following a contraction that occurred the year before. However, worries about the state of the economy, and the banking system in particular, prompted an increasing number of bank customers to attempt to withdraw their funds, an event known as […]
Whiteboard Session: The 3 Myths of Collaboration
It’s not a fad or a ‘soft’ topic. from HBR.org http://ift.tt/2E19rYw
How to Get Out of a Meeting You Know Will Waste Your Time
fandijki/Getty Images You can often predict which meetings will be unproductive from the moment you receive the invitation. There’s the “team update” where you spend two hours listening to a rundown of how everyone spent their week, or the “planning meeting” where you hash out picayune details that should have been handled elsewhere, or the […]
Why We Should Be Disagreeing More at Work
Kieran Stone/Getty Images When I worked as a management consultant, I had a client that I thought of as difficult. Let’s call her Marguerite. She and I didn’t see eye to eye on much. I disagreed with the direction she was taking our project, the people she chose to involve, and the pace at which […]
When Bureaucracy Is Actually Helpful, According to Research
william bout/unsplash “Bureaucracy” has become a catchall term for the many ways in which organizations squander workers’ potential. From needless paperwork to delusional project timelines, administrative overhead can prevent workers from doing the meaningful tasks that contribute to the organization’s bottom line. Employees perceive bureaucracy to be an immovable beast, blocking their path toward efficient, satisfying work lives. […]
Hiring the Best People
Patty McCord, Netflix’s former Chief Talent Officer, sees hiring as constant matchmaking. Building a team of people that gets amazing work done, she says, requires managers to really know what they need, and for HR to actually understand the workings of the business. She says money should not be the reason someone leaves and that […]
Make Civility the Norm on Your Team
Jakob Owens/Unsplash We all want to come to work and be treated with kindness and respect. Unfortunately, my research shows that there is rampant incivility in most organizations. I found that 98% of the workers I surveyed over the past 20 years have experienced rude behavior and 99% have witnessed it. And the situation seems […]
How You Promote People Can Make or Break Company Culture
Michael Frattaroli/Unsplash Managing promotions effectively is one of the most powerful ways leaders can drive their company’s success. We surveyed over 400,000 U.S. workers in the past year and found that when people believe promotions are managed effectively, they’re more than twice as likely to give extra effort at work and to plan a long-term […]
The Basic Social Media Mistakes Companies Still Make
Evan Smogor/Unsplash Over 90% of medium and large businesses have used social media in their marketing for five years or longer. Yet the CMO Survey reveals that nearly half of marketers are unable to show the impact of their social media investments. That’s why, no matter what your social media strategy is, it’s always a […]