Despite all the barriers that have fallen in recent years for gay people in the U.S., there is still a dearth of openly gay CEOs. But change may be on the way, say experts from Wharton and elsewhere.Continue Reading →
It happens every time there’s a big announcement about a national or regional innovation policy that will lead us into the future: We are presented with schemes to strengthen intellectual property rights, enlarge the pool of risk financing, and upgrade the universities while pushing them to collaborate more with industry. If we are truly lucky, we are told about a new science park to be built just around the corner.
There is only one question that is never asked or answered: ...Continue Reading →
Conventional talent-management systems emphasize the need to give high performers appropriate experiences to help them ascend to more senior levels of management. Companies define career paths accordingly and carefully map, often in a linear fashion, the various roles one has to fill to reach higher management ranks.
However, in addition to grooming obvious high performers who are accomplished in a particular domain, talent-management systems should also deliberately look at non-obvious candidates. They are high performers in other domains who do not ...Continue Reading →
This summer, a milestone crept up on me—I realized it’s been twenty-five years since I began my career as a professor. So naturally, I’ve spent some time reflecting on how my choice of profession has worked out. I spend most of my classroom time with executives who are there because they are unhappy with where they are – or they at least understand they won’t be satisfied for long. Their hope is that whatever we do together in class will ...Continue Reading →
If you’re a mid- or late-career marketer, chances are your job today is mostly unrecognizable from what you signed on for. Perhaps no other business function has changed as dramatically over the past decade.
Why? Following a silent coup, the coronation is complete: the customer is king. With an abundance of information and choice, customers now guide their own self-directed decision journey as they traverse connected experiences that blur the lines between physical and virtual and scramble marketers’ signals for targeting.
Many ...Continue Reading →
Tech start-up Haystack has developed an innovative – and controversial — solution to the stressful challenge of finding an open parking meter in congested areas. This smartphone app allows those leaving a parking space to alert other Haystack users in the area of their “about-to-be” open spot. To secure this meter (i.e., have the parked car driver wait until they arrive), users pay a fee of $3 (75 cents goes to Haystack while the incumbent “parker” pockets $2.25). Not ...Continue Reading →
Albert Einstein once observed, “A little knowledge is a dangerous thing.” I think of this quote often when observing executives with a “little knowledge” of emotional intelligence (also called “EQ”).
Don’t get me wrong; the beneficial insights and managerial advances derived from research on emotional intelligence have been game changing. But appreciating a powerful concept is not the same as understanding it well enough to use it productively. Sometimes, “a little knowledge” about EQ abets the delusion that you know people ...Continue Reading →
Indian Impact, a new non-profit, is trying to address the problem of child malnutrition in India by providing a platform for easy involvement, while also creating long-term impact.Continue Reading →
The aviation industry has long relied on flight simulators to train pilots to handle challenging situations. These simulations are an effective way for pilots to learn from virtual experiences that would be costly and difficult or dangerous to provide in the real world.
And yet in business, leaders commonly find themselves in tricky situations for which they haven’t trained. From conducting performance reviews to negotiating with peers, they need practice to help navigate the interpersonal dynamics that come into play in ...Continue Reading →
Eleven years ago, a full tenth of Kannapolis, North Carolina, residents were laid off when the town’s textile mill closed. This could be the start of yet another story about the decline of manufacturing in America, but it’s not. It’s a ...Continue Reading →