Great story about failure “Free To Fail – Forbes.com.” BorgWarner, an auto supplier, provides seed capital to internal champions to pursue innovative projects. The article describes how one engineer spent two and a half years and $2M working on a new power system — but it turned out that he was wrong about the market…
Recent data (see IABC Study) suggests that about half of employees in most companies do not understand the business strategy of their company. Sad, but not surprising. Creating engagement and alignment among your team is the central job of leadership. How can you expect to excel if half of your people don't know what your…
Thought-provoking article from McKinsey & Company The 21st-Century Organization – Human Capital – CFO.com. The main point is that U.S. companies are increasingly comprised of knowledge workers who unfortunately, are trapped in organizational structures that don't support them. While there are some good ideas here, like separating current line businesses from new strategic initiatives, I…
