From BBC Capital – “Gone are the days when middle management was expected to lead troops into some territorial battle with rivals. Disregard the old command-culture favoured in the ‘80s. Abandon that tired business school mantra about always seeming to be the smartest one in the room… These days, it’s about collaborating, listening and treating more junior employees as equals. The prevailing culture for successful businesses now is a management structure that is flat, where the most junior associate has a chance to develop the next big idea.”
From Knowledge@Wharton – “It’s not the case that all information is good and we should just rush to maximum disclosure,” Edmans notes. Previous research in this area has generally assumed that all types of information are easily disclosed, and that the cost of disclosure is limited to the minimal expense of preparing and mailing documents. But the researchers’ paper shows that the actual cost may be much greater than the direct expenses associated with communicating information: Disclosure can distort the manager’s investment incentives. The source of this incentive effect is that, in real life, some types of information are easier to reveal than others.
From Stanford Business Re: Think – A strategy professor explains how globalization created a laboratory for new business models.
Fresh Pick of the Day, June 3, 2014: “WSJ Report – Unleashing Innovation in Manufacturing, June 2014″
Unleashing Innovation in Manufacturing: June 2014 from Wall Street Journal
From CNBC.com – “Nationalism is on the rise in Asia, which is a serious issue because it shifts the rationality of actors from cost-benefit calculations from an economic and military sense towards a cost-benefit calculation ideologically,” Ruediger Frank, department head and professor of East Asian economy and society at the University of Vienna told CNBC.
From Knowledge@Wharton – “Barsade, Andrew C. Hafenbrack and Zoe Kinias — both with the department of organizational behavior at INSEAD — are the authors of “Debiasing the Mind through Meditation: Mindfulness and the Sunk-Cost Bias.” The paper, published in Psychological Science, explores how short meditation sessions can reduce the likelihood that decisions will be made based on information from the past that should have no bearing on the choice at hand.”
From Washington Post – “The decision last year by Yahoo and Best Buy to ban working from home or end flexibility programs was surprising not only because it seemed to go against current trends, but because study after study has shown that employees with flexible work arrangements tend to be healthier, happier, more productive — and even less likely to want to change jobs.”
From Bank of America Merrill Lynch – The Chief Financial Officers of Asia’s largest companies are embracing growth for 2014. 76% of respondents expect revenues to grow this year. However, profit expectations are falling. The proportion of Asia’s CFOs that expects profits to grow has dropped to 60%, down from last year – suggesting that it is getting tougher to extract value from revenue growth. Asia is no longer the high growth, high earnings market that it used to be. CFOs in Asia are now thinking about strategies to improve operational efficiencies to drive profitability.