MANAGING in the

NEW WORLD

Higher education as it was, is on the decline. A lot of that has been self- effected. The MBA in particular and the business schools imparting these courses, have come under particular fire. The lure of business degrees and applications to graduate school admissions are well on decline. This is true for Harvard, Wharton and Stamford. The percentage of employees at leading firms with business degrees has also gone down. Instead a graduate with a master’s in data or business analytics is far more likely to curry favor during the recruitment phase. Business degree holders are also a comparative rarity now at the CEO level. People end up going to the top schools nonetheless to boost up their credibility, prestige and to confirm to the existing cognitive biases. Apprenticeships, startup accelerators and business practicums have come into vogue now. Mentorship and the so- called ‘strike force’ model are gaining popularity among budding entrepreneurs.

Source:https://singularityhub.com/2019/03/22/traditional-higher-education-is-losing-relevance-heres-whats-replacing-it/#sm.000o9tjn9z2td6011gc2qf0cqthbg

Uploaded Date: 26/03/2019

A very good book written way back in 1912, but still highly relevant to the modern times is The Financier. This was written by Theodore Dreiser, as part of a trilogy. The books, based primarily in Philadelphia, are about human nature and its downfall, in relation to the capital accumulation. They also speak about the inherent nature of human greed. This greed has not been all criticized, because it is ultimately this greed that brought humans out from the caves into the modern industrial world. The books also present a key tenet on talent management. When the chips are down, it is only the person himself/ herself who will make all efforts to recover from the said reversal.

Source:https://www.strategy-business.com/blog/Finance-Disaster-and-You?gko=7657a

Uploaded Date: 26/03/2019

Being digitally comfortable, at least to the point of being conversant, is fast becoming top currency for business leaders. Boards must also support this tendency, to even arrange some special management training sessions for the CEOs to get more digitally attuned. Those companies towards the higher echelons of corporate success, have more digitally savvy boards. It helps in tracking key metrics such as revenue growth, cybersecurity, market cap growth and return on assets. Privacy issues are also better understood by such bosses. This extensive research was conducted on US- listed businesses using directors bios, interviews, surveys and by analyzing official company communication.

Source:https://sloanreview.mit.edu/article/it-pays-to-have-a-digitally-savvy-board/

Uploaded Date:26/03/2019

Perfectionism, for the obvious reasons, is associated with something positive. Such people exhibiting this behaviour, tend to stand out in a crowd, and drive others towards the most desirable of goals. But often, their presence gets detrimental, causing anxiety among team members. They themselves may suffer from the effects of burnout, stress depression or workaholism. There are two forms of perfectionism. One is excellence- seeking perfectionism. This form usually tends to have positive results, because even the others in the team are assessed through that prism to improve. The other is the failure- avoiding perfectionism, when one is obsessively concerned, only about one’s own supposedly high set standards. Leaders focusing on talent management, must try to find out ways to get the best out of such perfectionists, so that it benefits the entire team and not just the individual or the boss.

Source:https://hbr.org/2018/12/the-pros-and-cons-of-perfectionism-according-to-research

Uploaded Date: 26/03/2019

There are some major ways in which the act of globalization is changing. For a start, global exports as a share of gross output has sharply reduced from 28.1% in 2008, to just 22.5% in 2017. The rise in trade volume has also reduced. The services trade on the other hand, is growing at a much faster pace, 60% in fact higher than goods trade. Telecom & IT, business services and IPRs lead the way. Greater importance is now attributed to the labour- cost arbitrage. Business innovation along with research and development now occupies a greater share of the investment pie, having nearly tripled during this same period. Trade is now booming when individual regions are concerned. The EU28 region and the Asia- Pacific are right on top of this, with the NAFTA closely following by.

Source:https://www.mckinsey.com/featured-insights/innovation-and-growth/five-hidden-ways-that-globalization-is-changing

Uploaded Date:26 February 2019

Design thinking suffers from some inherent problems, which have been identified during a study. First of all, it has an image problem. Next up, it is seen as a linear process. People tend to identify it merely with short- term management training workshops. Such sessions are often known to ignore human inputs, but still wanting the human- centric outputs. Many of these projects end up in the misalignment heap, when operations are not streamlined with the bigger picture of the firm. Constant reframing of the problem is needed, else failure could stream up. Since it has a fashionable ting, companies are often using this concept to solve basic challenges. Real issues then get ignored. All of it leads to marginalization of the entire concept itself. Oracle is one company that has adopted a highly proactive approach to the same, so ending up with the desired results.

Source:https://www.innovationexcellence.com/blog/2019/02/10/8-design-thinking-problems-and-how-to-fix-them/

Uploaded Date:26 February 2019

People analytics is the field of science that is transforming the process of human resources management, using business analytics. The team working on people analytics at Google, came up with a very interesting detail on how to improve the onboarding process of new hires, immediately after the talent recruitment is concluded. It stated that new hires must be met on day one by the executive team. This fill the new hires, with a certain level of confidence. The insights gathered by the people analytics bench at Google, seemed to state the very obvious facts, yet often ignored practices. Obvious insights help in battling the inherent resistance to new data that people tend to put up. There is also a resistance to change. Kodak and Blackberry are famous examples of companies crumbling after not taking this into account.

Source:https://sloanreview.mit.edu/article/the-surprising-value-of-obvious-insights/

Uploaded Date:16 February 2019

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