I am a digital nomad and entrepreneur specializing in the curation of online information focused on the fields of business and travel. I run numerous websites, including MBA Depot, MBA Boost, Management Ideas, Dado Que and Lengthy Travel. I received my MBA from the University of Texas at Austin.
Ongoing learning and experimenting are key to personal and corporate growth. Whether this is formal or informal, it should be encouraged throughout the organization. One way to do so is to regularly ask employees what they have learned recently and how they have attempted to apply that learning in their work. Then share these experiences with the rest of the organization. Be sure to share … [ Read more ]
Subjects: Management, Organizational Behavior
Peter Drucker’s thirty-year-old concept of creating a “manager’s letter” probably remains the best performance-management technique to use with senior executives. Each executive writes an annual letter to her superior, spelling out the objectives of her own job and those of the superior’s job as she sees them. She then sets down the performance standards she believes are being applied to her. She lists the goals … [ Read more ]
Authors: Dick Grote, Peter Drucker | Source: Passing Judgment | Subject: Management
Because you may have a long list of candidates, you should batch calls as often as possible. For example, set aside 15 minute segments in a 3 hour block daily. In a first-pass, I always ask:
Author: Tim Chen | Source: How to Hire Entry-Level at an Early Stage Startup | Original Publication: Medium | Subjects: Hiring, Human Resources
There are many ways to invest in employees you fear may be looking to leave: pay increases, promotions, special projects, etc. One technique is to use what are called “stay interviews.” Instead of conducting only exit interviews to learn what caused good employees to quit, hold regular one-on-one interviews with current high-performing employees to learn what keeps them working in your organization and what could … [ Read more ]
Author: Timothy M. Gardner | Source: 13 Signs That Someone Is About to Quit According to Research | Original Publication: Harvard Business Review | Subject: Human Resources
As you think about building out a team, you’ll want market data to ensure you’re making hires within the right salary bands. It’s much easier to have a conversation with a candidate when you have market data vs. what you’ve just heard from your peers. Creating salary bands with multiple seniority or experience levels early on will help navigate tricky internal equity discussions down the … [ Read more ]
Source: Compensation at Startups | Original Publication: Homebrew | Subject: Human Resources | Company: Homebrew
Why is it so important to have a philosophy around compensation early on? As a company is growing and establishing its culture and values, it needs to make sure that its compensation philosophy is aligned with the company’s overall mission and values. For example, a company that identifies with “transparency” as a value, needs to make sure that its compensations practices are transparent. Anyone involved … [ Read more ]
Source: Compensation at Startups | Original Publication: Homebrew | Subject: Human Resources | Company: Homebrew
The corporate use of external talent across sectors and geographies is more common than ever. Talent can provide companies with access to new capabilities and technologies; it can enable faster and more agile response to markets; it can be used to test new opportunities before making major investments; it can be used to respond to demand peaks and to attain scale quickly; and, perhaps most … [ Read more ]
Author: Theodore Kinni | Source: External Talent Needs Management Too | Original Publication: strategy+business | Subjects: Human Resources, Management, Organizational Behavior
Kaizen and the whole process of continuous improvement was, and continues to be, a powerful tool at Amazon. That’s partly because for a long time Jeff Bezos has had all of senior management work in customer service at least one day a year. This allowed executives to see events on the front line, to understand the problems that came up, and to help find solutions. … [ Read more ]
Author: Marc Onetto | Source: When Toyota Met E-commerce: Lean at Amazon | Original Publication: The McKinsey Quarterly | Subjects: Customer-Related, Human Resources, Management, Training | Company: Amazon
Fresh, creative insights are invaluable, but in our experience many companies run into difficulty less from a scarcity of new ideas than from the struggle to determine which ideas to support and scale. At bigger companies, this can be particularly problematic during market discontinuities, when supporting the next wave of growth may seem too risky, at least until competitive dynamics force painful changes.
Innovation is inherently … [ Read more ]
Authors: Erik Roth, Kumsal Bayazit, Marc de Jong, Nathan Marston | Source: The Eight Essentials of Innovation | Original Publication: The McKinsey Quarterly | Subject: Innovation | Company: RELX Group
To determine the optimal price of FitBark, Davide Rossi put plugins on the FitBark website that asked customers two simple questions. These questions were: “At what price does this product become too expensive?” and “At what price does this product feel like a steal?” People who answered the questions got a $10 discount and FitBark got tons of valuable data that helped it choose the … [ Read more ]
Authors: Davide Rossi, Dreamit | Source: A Founder’s Guide to Product Pricing | Original Publication: Medium | Subject: Pricing | Company: FitBark
McKinsey has been investigating the future impact of automation on the workplace. The firm structures its analysis around roughly 2,000 individual work activities and assesses the requirements for each of these activities against 18 different capabilities (see below) that potentially could be automated. Analyzing your own firm’s jobs and activities with a similar framework would not only help plan for future disruptions, but also could … [ Read more ]
Authors: James Manyika, Mehdi Miremadi, Michael Chui | Source: Four Fundamentals of Workplace Automation | Original Publication: The McKinsey Quarterly | Subjects: Human Resources, Organizational Behavior
The pursuit of full transparency is behind one of GitLab’s most countercultural rules: a total ban on internal emails. For example, employees seeking information or help are required to request it through the appropriate Slack channel, which may eventually trigger changes to the employee handbook or another key document. The intent is to crystallize and capture the pooled expertise of the collective, rather than letting … [ Read more ]
Author: Benjamin Kessler | Source: The Nuts and Bolts of Working for an All-Remote Company | Original Publication: INSEAD Knowledge | Subjects: Management, Organizational Behavior | Company: GitLab
A useful exercise is to think about the value agenda as though a private-equity firm had just bought your company. What would you be working on if you were trying to triple your value in five years? Answering that question in a really finite way, with dollar values next to ideas and initiatives, is a really good thing to do.
Author: Chris Gagnon | Subjects: Management, Strategy
Behavior changes, even those that represent clear benefits for employees, require active reinforcement — including accountability mechanisms and human champions. A management consulting team leader, worried about exhaustion on her teams, began encouraging more rest. But when the sincere urging hardly affected the entrenched behavior, she established “the energy audit.” Every workday she asked members of her team to email or text one item they were … [ Read more ]
Authors: Carolyn Black, Chad Gomes, Jon Katzenbach | Source: The power of feelings at work | Original Publication: strategy+business | Subjects: Management, Organizational Behavior
Applying customer experience strategy to employee experience begins with needs-based segmentation, grouping employees into clusters based on their wants and needs. Most companies organize employees in standard groupings like job title, rank, department, business unit, or geography. But just as customer experience design requires a more nuanced understanding of customers than simple demographics or economic value, employee experience design should be based on employees’ drivers … [ Read more ]
Author: Denise Lee Yohn | Source: Design Your Employee Experience as Thoughtfully as You Design Your Customer Experience | Original Publication: Harvard Business Review | Subject: Human Resources
Interview Last 5–10 Lost Sales Prospects
Ask your sales reps to give you a list of customers that fit your target profile, but for some reason the deal was lost. Send a quick email and ask them to spend 15 min of their time to understand why they went the other way. If needed, give them a $20 Starbucks gift card. The goal here is to … [ Read more ]
Author: Myk Pono | Source: Effective Value Messaging: The Definitive Guide | Original Publication: Medium | Subjects: Market Research, Marketing / Sales, Project Management
Product-market fit is all about finding a product that solves a problem and a message that resonates with your target customers. Evaluate internally and externally whether your current message is consistent and effective.
Internal Evaluation: How consistent is your sales team in communicating product value?
The following exercise is a great way to get a quick understanding where your sales team stands. Send each of your sales … [ Read more ]
Author: Myk Pono | Source: Effective Value Messaging: The Definitive Guide | Original Publication: Medium | Subjects: Management, Marketing / Sales
You can attract more diverse applicants if you avoid using male pronouns and stereotypically masculine words or attributes when outlining desired qualifications. Tools like Textio can help identify if language in job descriptions is potentially disqualifying.
Source: The Best Advice We Overheard at First Round’s CTO Unconference | Original Publication: First Round Review | Subjects: Hiring, Human Resources
Most of the time we can only hire one person for a position. That means we may have to turn down some really talented people. Don’t let the work you did finding that talent go to waste. They can become a stable of potential employees ready to fill your next position.
One easy way to make this work is through drip email marketing. Once you’ve made … [ Read more ]
Author: Adam Seabrook | Source: 19 Recruiting Strategies to Make Hiring Your Top Growth Hack | Original Publication: Betterteam | Subjects: Hiring, Human Resources
Consider giving new recruits a small project they can accomplish during their first month on the job. Have them all spend five minutes presenting whatever it is they did at the next All Hands following their first day. It’s an opportunity to make immediate impact and introduce themselves to everyone in a positive light. It’ll also build camaraderie between folks who started within the same … [ Read more ]
Subjects: Human Resources, Management, Organizational Behavior