Once upon a time, a business failure was considered disgraceful, something to be avoided at all costs.
But in today’s world of innovation and disruption, failure has been transformed into an accolade rather than an embarrassment. Leading a failed business venture is thought to build character and bolster resumes.
Indeed, a number of management thinkers now believe that if you don’t fail, it’s not because you’re flawless but because you’re not trying hard enough. That’s the argument at the core of The Wisdom of Failure: How to Learn the Tough Leadership Lessons Without Paying the Price by Laurence Weinzimmer and Jim McConoughey.
You’ve heard the conventional wisdom about playing video games. Too much screen time leads to poor health and stunted social lives. Video games even have emerged as an apparent culprit in the US epidemic of male underemployment – working-age men would rather play Call of Duty or FIFA than punch a time clock.
For workers who want to combine a big-city paycheck with a small-town lifestyle, or maybe just hope to avoid a soul-crushing commute, the options never have been broader.
Telecommuting increasingly is an accepted mode of work, even among large employers. While the benefits of working remotely long were obvious to workers, the advantages increasingly are becoming apparent to employers, too.
Telecommuters don’t occupy expensive office space. And a flexible work arrangement can be crucial to recruiting in-demand employees.
Even before she wrote The Gig Economy, Diane Mulcahy embraced a freelance career path. She took consulting gigs for private equity and venture capital firms, began teaching a course at Babson College and wrote for the Harvard Business Review and other publications.
Mulcahy spoke to getAbstract about how the world of work is changing. Read the rest of this entry »
Meetings? Get rid of them. Performance reviews? Twaddle. Manager pep talks aiming at building enthusiasm? Don’t waste your time. In his classic tome Managing Performing Living, management guru Fredmund Malik rips into all manner of standard corporate practices.
By gleefully poking holes in the conventional wisdom, Malik sounds like he’s impersonating the office crank who can’t stop griping about incompetent bosses all day long. Unlike that chronic complainer, though, Malik offers common-sense alternatives. Read the rest of this entry »
You’ve probably heard a lot about coaching. Maybe you’ve even had a coaching session or two in your lifetime. But we’re sure you’ve never had a coach like Michael Bungay Stanier, a Rhodes scholar who has worked with companies such as AstraZeneca and Xerox. His book, The Coaching Habit, is a coaching manual that will help anyone become a (better) coach. We had the opportunity to sit down with Michael and ask a few questions. Continue reading for some insights from this coaching guru. You won’t regret it!
We’ve all heard about coaching, and some of us might even think that coaching is a waste of time (gasp!). But it turns out that done right, coaching can be an incredibly effective method to improve job performance and satisfaction and it can help strengthen organizations.
A company’s core values are the code of honor by which it lives – that is, the fundamental beliefs that guide employee behavior and company decisions. Articulating your firm’s values confers several benefits: Your employees become more productive and motivated, your workforce as a whole becomes cohesive and takes collective action toward your goals, customers appreciate what you’re striving to achieve and become more loyal to your business, and the company’s relationships with its stakeholders strengthen. Following a values-driven business policy is an investment that pays off over time.
In the modern business world, more work is done virtually and by widely dispersed teams than ever before. The solitary figure toiling from a home office has become the archetype of the modern knowledge economy. Yet in something of a paradox, teamwork is more important than ever.
In her book From Me to We, Janine Garner goes so far as to predict the extinction of loners. “Those unwilling to work collaboratively, who prefer to work alone [and] who are closed to outside thinking and different approaches, will slowly disappear,” she writes.
A mishandled crisis can ring the death knell for a brand or individual in today’s hyperconnected world. Scandal has become the fuel that helps feed the information bonfire. United Airlines learned this tough lesson the hard way. On April 9, passengers aboard United Airlines Flight 3411 from Chicago, Illinois, to Louisville, Kentucky, filmed an altercation whereby security staff forcibly removed a United passenger from the aircraft. The footage went viral within hours. Although it doesn’t capture the passenger’s reaction to the initial request or the sequence of events leading up to the forced evacuation, the clip depicts the inhumane treatment of a paid-up customer with a valid ticket – an act that ignited widespread public outrage on social media. Read the rest of this entry »
Silicon Valley is a model of economic prosperity and a beacon of technological progress. But has the once-idealistic tech industry lost its way?
Critic Douglas Rushkoff thinks so. He remembers fondly when the Internet was shaping up as a tool to promote economic opportunity, free expression and equitably distributed wealth. Alas, he argues in Throwing Rocks at the Google Bus, the utopian dream has given way to a dystopian nightmare. Read the rest of this entry »
As work becomes ever more flexible, the line between people’s professional and private lives is at times so thin that sometimes one area spills over into the other. Work may cut into your family time if you check your inbox at home or take work calls.
For a growing share of affluent consumers in Europe and North America, cash is something of an inconvenient relic. Credit cards and automated bank transfers account for most spending, and ApplePay, PayPal and other alternatives are grabbing a bigger share of the transactions once conducted by cash.
Cash’s value can vanish in a careless moment, or in a fire, or in the washing machine, or to the pickpocket on the crowded street. Credit cards, on the other hand, offer insurance against such risk.
How do millennials feel about the future? The answer depends on where they live.
Millennials often are portrayed by their elders as an undifferentiated mass of smartphone-addicted, work-shirking, trophy-collecting whippersnappers.
On closer inspection, though, young adults born after 1982 aren’t a monolithic generation. They come with the usual variety of fears and dreams, according to a survey by consulting firm Deloitte – and in that way, they’re not so different than every age cohort that came before them.
getAbstract operates on the notion that knowledge is power and that avid reading stimulates the brain, and we’re heartened to know that two titans of the tech industry agree.
Tesla head Elon Musk recently served up a list of books that he says helped him succeed, and Microsoft founder Bill Gates writes a blog that keeps track of his reading list.