Tips for entrepreneurs from Yammer co-founder Adam Pisoni

Caitlin Fitzsimmons Online editor

Tips for entrepreneurs from Yammer co-founder Adam Pisoni

Published 04 October 2013 12:02, Updated 04 October 2013 14:36

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Adam Pisoni co-founded a software company and sold it to Microsoft for $US1.2 billion five years later.

The product, Yammer, is a social networking tool to foster collaboration inside companies and is being integrated into the Microsoft Office suite. Pisoni is still running the business, based in downtown San Francisco with about 350 staff. A year after the acquisition, Pisoni claims to want to stay at Microsoft to see Yammer “change every company on the planet” – although he would be bucking a trend if he did so. (Statistics show the majority of start-up founders leave within two years of an acquisition). BRW caught up with Pisoni last month at Microsoft Australia’s TechEd conference on the Gold Coast and he shared his tips for aspiring entrepreneurs. Read more of this post

On today’s campuses, the Socratic ideal of genuine intellectual encounters has largely disappeared

October 4, 2013, 3:51 p.m. ET

Book Review: ‘Why Teach?’ by Mark Edmundson

On today’s campuses, the Socratic ideal of genuine intellectual encounters has largely disappeared.

HARRY GRAVER

Picture a day in the life of an ambitious American undergrad. Morning starts with a pre-law course that does little to nourish his soul but that has been commended to him by an adviser. After an internship interview with an investment firm, he’ll spend the afternoon on elective courses with titles like “GaGa for Gaga: Sex, Gender, and Identity” (actually taught at the University of Virginia) or “Invented Languages: Klingon and Beyond” (University of Texas at Austin). The evening is reserved for drunken revelry. Read more of this post

Earth’s Oxygen: A Mystery Easy to Take for Granted

October 3, 2013

Earth’s Oxygen: A Mystery Easy to Take for Granted

By CARL ZIMMER

To Donald E. Canfield, there’s something astonishing in every breath we take. “People take oxygen for granted because it’s just there and we breathe it all the time,” said Dr. Canfield, a geochemist at the University of Southern Denmark. “But we have the only planet we know of anywhere that has oxygen on it.” What’s even more astonishing is that Earth started out with an oxygen-free atmosphere. It took billions of years before there was enough of the element to keep animals like us alive. Although scientists have been struggling for decades to reconstruct the rise of oxygen, they’re still making fundamental discoveries. In just the past two weeks, for example, Dr. Canfield and his colleagues have published a pair of studies that provide significant clues about some of the most important chapters in oxygen’s history. They’re finding that our weirdly oxygen-rich atmosphere is the result of a complicated dance of geology and biology. Read more of this post

Chinese e-cigarette inventor fights for royalties

Chinese e-cigarette inventor fights for royalties

BY TOM HANCOCK

AFP-JIJI

OCT 4, 2013

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Smokin’ clean: Hon Lik, widely acknowledged as the first person to develop a commercially viable electronic cigarette, smokes a pipe version on Sept. 23 at his office in Beijing. | AFP-JIJI

BEIJING – The Chinese inventor who dreamed up the electronic cigarette in a nicotine-induced vision says that despite its global popularity, copycat versions and legal disputes mean he has battled to cash in on his creation. “Smoking is the most unhealthy thing in people’s everyday lives. . . . I’ve made a big contribution to society,” said Hon Lik, 57, in a cramped office in Beijing, sending tobacco-scented smoke into the air as he puffed on a battery-powered pipe. “But I don’t live like a rich person, because of all the troubles our company has faced.” Read more of this post

Funding startups ‘a bit of a lottery’: How one angel investor has perfected choosing which companies he invests in

Funding startups ‘a bit of a lottery’: How one angel investor has perfected choosing which companies he invests in

Armina Ligaya | 30/09/13 9:30 AM ET
Colin Wyatt calls his first foray into the world of angel investing “a wipeout.”

The National Angel Capital Organization (NACO) serves Canada’s angel investor community, with a mission to scale up its size and scope. To that end, it is set to release a report on the state of angel investing in Canada. While I don’t know what this report will say, I can guess it will argue investing levels are not even close to where they need to be to allow Canada to advance its early stage entrepreneurial investment opportunities. It was the late 1990s, and the Canadian technology executive decided to invest $150,000 in a U.K.-based startup called Imagine. Their model was to put kiosks in retail stores which would recognize customers by their mobile phones and print out physical coupons based on their shopping preferences, he said. Read more of this post

Freak Grape-Razing Hail Crushes Burgundy Winemakers’ Dreams; Several years of losses may also force consolidation in a wine region known for its patchwork of 1,247 named plots dating back centuries

Freak Grape-Razing Hail Crushes Burgundy Winemakers’ Dreams

Hail the size of ping-pong balls brought William Rouxel’s future as a Burgundy winemaker crashing down along with his grapes. With a season’s work destroyed by the summer hailstorm that trashed a 10-kilometer (6.2-mile) swath of Burgundy vineyards producing some of France’s most-prized wine, the 35-year-old says he can’t risk another year like it. He’s calling it quits. “At this point I need to win the lottery, and I’m not a gambler,” said Rouxel, smoking a cigarette at a round metal table in the stone courtyard of his house in Beaune, in the center of Burgundy’s Cote d’Or, or Golden Slope. “I’m tired.” As grape harvests get under way this week, the damage caused by a single hailstorm that pummeled the area around 4 p.m. on July 23 has ruined the likes of Rouxel and hit sections of France’s 8 billion-euro ($10.9 billion) wine industry hard. Some choice wines from Pommard and Volnay will be in short supply starting next year in a region that already can’t produce enough to meet global demand. Multiple smaller hailstorms last year cut the volume of Burgundy’s 2012 vintage to 1.26 million hectoliters, equivalent to 168 million bottles, from 1.51 million hectoliters in 2011, according to the region’s wine board. It estimates this year’s production at between 1.35 million and 1.4 million hectoliters. Burgundy’s wine properties shipped 1.43 million hectoliters in the 2012-13 season, meaning they’re depleting stocks, which the board estimates are down as much as 15 percent. Read more of this post

Failure maketh man; What does your failure resume look like?

Updated: Saturday October 5, 2013 MYT 7:33:31 AM

Failure maketh man

BY ROSHAN THIRAN

What does your failure resume look like?

STANFORD professor Tina Seelig requires all her students to write a failure résumé “a résumé that summarises all their biggest screw-ups – personal, professional, and academic.” She insists that for every failure on the resume, the student must also describe what he or she learned from that experience. Reading her requirement for her students, I saw the power in such an exercise and starting scribbling my personal failure resume. As I jotted down all of my professional failures, I looked back to see if I gleaned any useful lessons which I later applied in life. Much to my surprise, one of my biggest failure (messing up at a business integration exercise early in my career in the United States), led to an amazing truimph on a bigger integration role in Europe. A huge part of the success was drawn from lessons learnt from my first failure. I also failed miserably in a business entrepreneurial venture while at university. The key part of that failure being poor at inventory management. In my first operational role running a business unit, I applied much of the lessons learnt from my inventory management mistakes and was extremely successful turning around a business. Humiliation, disappointment, discomfiture, shame, hurt are all characteristics of failure. Failure feels bad and it never sat well with me. Yet, we all know that failure is a necessary part of growth. Many people today talk about failure and its importance but most people don’t realise it is only when you mine lessons from your failures that you really learn. It is not about failing but about learning. An anonymous saying goes that “failure is only the opportunity to begin again, this time more wisely.” Read more of this post

How Stella Saved the Farm: A tale about making innovation happen

Updated: Saturday October 5, 2013 MYT 7:55:19 AM

Management lessons from animals

How Stella Saved the Farm: A tale about making innovation happen

Author: Vijay Govindarajan and Chris Trimble

Publisher: Macmillan

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HOW Stella Saved the Farm belongs to a genre like the classic Animal Farm, the more modern Who Moved My Cheese? and Our Iceberg is Melting. All three of them use animals to tell a story about management and leadership. Using parables does simplify things and sets the tone for a relaxed read. Animal Farm is a tale about apathy and ignorance while Who Moved My Cheese? is a story about the human spirit overcoming change and transition. Ultimately, the one who is able to accept change thrives. Like its predecessors, How Stella Saved The Farmis a parable about a group of animals that live on a farm which once belonged to humans but is now operated and managed by the animals that live and work there. It is both a business-related as well as a self-help book as it revolves around the various characters and their dealings with one another. The story’s main theme is the need for the farm to innovate and find new products to keep the setup profitable and to prevent it from being overtaken by humans, who run the neighbouring farm. Read more of this post

Up Close and Personal with Ba U Shan-Ting, president of master franchise holder for Domino’s Pizza in Malaysia and Singapore; Moving from one store to 104 stores in 15 years

Updated: Saturday October 5, 2013 MYT 8:17:53 AM

Up Close and Personal with Ba U Shan-Ting, Dommal Food Services Sdn Bhd president

BY WONG WEI-SHEN

IT is ironic to think that Ba U Shan-Ting, who initially was meant to become a dentist, is still an oral specialist but of a different precision – he is now selling pizzas to satisfy his customers’ culinary cravings. “My parents wanted me to be a dentist, so I went ahead and submitted all my applications. But thank God I didn’t get through the first round! I missed out by one mark,” the now president of Dommal Food Services Sdn Bhd says. Dommal Food is the master franchise holder for Domino’s Pizza in Malaysia and Singapore. Never one for staring into people’s mouths, and often deterred by smelly breath, Ba told his mother that he wanted to study a double degree in law and commerce instead. “If I had gone down that road, I would be a very unhappy dentist somewhere because I didn’t have the passion nor talent for that,” he tells StarBizWeek. Read more of this post

Aung San Suu Kyi has stunned Singaporeans with her answers and fresh perspective during her recent trip to the republic

Updated: Saturday October 5, 2013 MYT 8:01:16 AM

Learning from Myanmar

BY INSIGHT DOWN SOUTHBY SEAH CHIANG NEE

Aung San Suu Kyi has stunned Singaporeans with her answers and fresh perspective  during her recent trip to the republic.

IN my long working years I have gotten used to our reporters asking departing dignitaries what they thought of Singapore, expecting some lavish praises. Generally, they would not be disappointed since most guests – however unimpressed they are – would not want to appear impolite towards their hosts. Their kind comments, whether deserved or not, made great headlines in a compliant press. In her first ever visit here, Myanmar’s opposition leader Aung San Suu Kyi was a refreshing exception and by doing so, taught Singapore’s leaders a valuable lesson. Although she carefully observed diplomatic niceties, the revered Nobel Peace laureate was frank about what she liked and disliked about Singapore. During her final press conference, she was asked the familiar question of what she saw in Singapore that she might like to recreate in Myanmar. She replied, “I don’t think ‘recreate’ is the word, ‘learn’ yes.” If the host had hoped that she would cite Singapore as a role model, they were disappointed. Her country, she said, would not want copy the city’s materialistic and high pressure living that had come with its affluence. Read more of this post

Camel Meat Leaps From Bedouin Tents to Top Gulf Eateries

Camel Meat Leaps From Bedouin Tents to Top Gulf Eateries

By Wissam Keyrouz on 3:27 pm October 2, 2013.

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A chef at a luxurious hotel in Abu Dhabi prepares raw camel meat in the form of burgers on September 16, 2013. From camel carpaccio to camel bourguignon and gold-leaf burger, the meat offered traditionally at big festivities of bedouins has become a fancy ingredient in the Gulf’s prestigious restaurants. (AFP Photo)

Abu Dhabi. From camel carpaccio to camel bourguignon and gold-leaf burger, the meat offered traditionally at big festivities of bedouins has become a fancy ingredient in the Gulf’s prestigious restaurants. Under the golden dome of Abu Dhabi’s Emirates Palace, which bills itself as a seven-star hotel, French chef Sandro Gamba proudly presents his latest: a camel burger bedded in gold-leaf bread, served with onion jam and smoked halloumi cheese. On the side, the traditional french fries have been replaced by fried hummus fingers. This dish, priced at around $50 (37 euros), has become “one of our best sellers,” boasts Gamba, the hotel’s master chef who oversees its 15 restaurants. Read more of this post

If You Want Innovation, You Have to Invest in People

If You Want Innovation, You Have to Invest in People

by Mehran Mehregany  |   11:00 AM October 3, 2013

As the convergence of digital technologies drives unprecedented levels of change in global marketplaces, it is very much a reality that a company must, as Bill Gates put it, “innovate or die!” In the race for relevance to future customers, the greater a company’s innovation capacity, the greater its chance of success. So how does a firm build its power and agility in innovation? The answer is simple and, to my mind, obvious – yet, it is not the direction in which most innovation-seeking firms seem to be channeling their efforts. Having designed and managed innovation programs in a variety of settings, I know that a company’s innovation capacity comes down to its talent pool, and its commitment to building knowledge and competencies one individual at a time. Read more of this post

Help to get a good night’s sleep; Rest is as important as fitness in today’s working environment

October 3, 2013 4:57 pm

Help to get a good night’s sleep

By Emma Jacobs

Guy Meadows used to work as a researcher in sleep labs at the Charing Cross and the Royal Brompton hospitals in London. He would spend his nights observing those with sleep disorders as they tried to get some shut-eye. Eight years ago he decided he had had enough: “I was tired of watching people sleep. I was doing shift work. I know how bad that is for your health.” His work, however, had convinced him there was a market among people desperate for a cure to their sleep problems. Now the 36-year-old, who describes himself as a “normal sleeper with disturbances” – he has two children, aged three and one – works as a sleep consultant, running workshops and one-to-one counselling sessions to help people overcome insomnia. Read more of this post

Hong Kong’s handcarts keep the city on a roll

Hong Kong’s handcarts keep the city on a roll

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Thursday, Oct 03, 2013

AFP

HONG KONG – It’s a simple contraption – an iron frame, foldout handle and four rubber wheels – but in Hong Kong the old-fashioned handcart is what keeps the city rolling. In the shadow of skyscrapers, Hong Kong’s working class trolley pushers transport everything from crates of live seafood to appliances, financial documents, furniture and mail. But among the street cleaners, market traders and removal men, it is probably the city’s elderly scavengers who best highlight how vital handcarts are to the city. Lee Cheung-Ho, 78, spends all day pushing her cart, and says she even goes out when there is a typhoon. “I have to go out and make a living,” she told AFP without stopping. “It helps even if I can only earn a few dollars.” The estimated 10,000 scavengers in Hong Kong collect cardboard, tin cans and scrap metal, selling it on for a few dollars to recycling centres to ship to mainland China. Read more of this post

A new study found that reading literary fiction leads to better performance on tests of empathy, social perception and emotional intelligence.

OCTOBER 3, 2013, 2:15 PM

For Better Social Skills, Scientists Recommend a Little Chekhov

By PAM BELLUCK

Say you are getting ready for a blind date or a job interview. What should you do? Besides shower and shave, of course, it turns out you should read — but not just anything. Something by Chekhov or Alice Munro will help you navigate new social territory better than a potboiler by Danielle Steel. That is the conclusion of a study published Thursday in the journal Science. It found that after reading literary fiction, as opposed to popular fiction or serious nonfiction, people performed better on tests measuring empathy, social perception and emotional intelligence — skills that come in especially handy when you are trying to read someone’s body language or gauge what they might be thinking. Read more of this post

How Brazil’s Richest Man Lost $34.5 Billion

How Brazil’s Richest Man Lost $34.5 Billion

By Juan Pablo SpinettoPeter Millard, and Ken Wells October 03, 2013

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OGX’s FPSO OSX-1 oil production vessel in Rio

Eike Batista stands at the center of a specially built air-conditioned stage on his 22,000-acre-plus Açu port project, a massive oil and iron-ore shipping complex about 200 miles north of Rio de Janeiro. He’s beaming, flashing victory signs. He has on an orange-and-gray racing jacket of the type he wore as a champion speedboat racer two decades before. It clashes badly with his bright pink tie and gray pinstripe suit, but he doesn’t appear to care—in fact, the loud ensemble only serves to highlight a faux oil-stained handprint across the jacket’s left pocket—a corny hint about why he’s asked everyone here. Read more of this post

Meet The 10 Family Dynasties That Rule New York Real Estate

Meet The Family Dynasties That Rule New York Real Estate

ADAM PINCUSTHE REAL DEAL OCT. 3, 2013, 4:33 PM 4,591 4

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Seymour Durst and his brothers built six Manhattan buildings in a 12-year run. Paul and Seymour Milstein built 10 in about the same amount of time. And Lew and Jack Rudin built 11 in two decades. The breakneck pace of development — which was largely clustered in the 1960s and the 1980s — by those three families, and a slew of others, laid the foundation for many of New York City’s most established real estate dynasties. (Think Tishman, Fisher, Malkin, Resnick, LeFrak, Rose, and Zeckendorf.) Indeed, after passing down their real estate portfolios from one generation to the next, many of those families are sitting on bricks-and-mortar fortunes today. Read more of this post

The Rise and Fall of the World’s 10 Most Valuable Brands

The Rise and Fall of the World’s 10 Most Valuable Brands

By Dorothy Gambrell October 03, 2013

Coca-Cola (KO) has been dethroned by Apple (AAPL) from its long-running position as the world’s most valuable brand, according to the closely watched Interbrand Best Global Brands survey. The soft drink giant had held the No. 1 ranking for 13 consecutive years but fell to No. 3 in this year’s study by the consulting firm. Interbrand (OMC) values the Apple brand at about $98 billion, and other tech companies such as Google (GOOG), IBM (IBM), and Microsoft(MSFT) finished in the top five. Here’s a look at the twists and turns of the top 10 brands in the Interbrand study, which analyzes a brand’s financial strength and influence, going back to 2000.

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The Global Popularity of Tudor Style: The look that originated in 16th-century England and Wales can now be found all over the world

October 3, 2013, 6:25 p.m. ET

The Global Popularity of Tudor Style

The look that originated in 16th-century England and Wales can now be found all over the world.

ALYSSA ABKOWITZ

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In Thames Town, handsome Tudoresque homes sit near English-style pubs, red telephone booths and a replica of Christ Church in Bristol, England. Some of the houses have family crests on them. But everything in this village was built less than a decade ago—and Thames Town is situated about 25 miles outside of Shanghai. “It’s like Disneyland, except it is in the real world,” says Andrew Ballantyne, a professor of architecture at Newcastle University in England. Read more of this post

Teaching Robot Bartenders to Pick Up on Social Cues

Teaching Robot Bartenders to Pick Up on Social Cues

By Drake Bennett  October 03, 2013

Innovator: Jan de Ruiter
Age: 43
Title: Psycholinguist at Germany’s Universität Bielefeld, one of 19 project researchers across Europe
Form and function: James, short for Joint Action in Multimodal Embodied Systems, is a friendly robot being trained as a bartender. The goal is to teach him to interpret body language and other human behavior.

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Ex-Leighton boss Wal King spent thousands on company credit card

Ex-Leighton boss Wal King spent thousands on company credit card

October 4, 2013 – 12:55PM

Nick McKenzie and Richard Baker

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Wal King’s exit entitled him to $6 million in consultancy fees over three years, a company credit card, an office and IT support. Photo: Rob Homer

EXCLUSIVE: Former Leighton boss Wal King repaid $40,000 worth of unauthorised expenses – including trips to Madrid, a $780 meal at Sydney’s Rockpool restaurant and stays at luxury hotels – that he billed to a company credit card in the weeks after he had left the construction giant. A Fairfax Media investigation can also reveal a small number of senior Leighton staff were so concerned by a $6 million consultancy awarded to Mr King upon his 2011 departure that external legal advice was sought to determine if it might have breached Australian corporate laws that apply to retirement benefits. Read more of this post

Looks good on paper: A flawed system for judging research is leading to academic fraud

Looks good on paper: A flawed system for judging research is leading to academic fraud

Sep 28th 2013 | BEIJING |From the print edition

DISGUISED as employees of a gas company, a team of policemen burst into a flat in Beijing on September 1st. Two suspects inside panicked and tossed a plastic bag full of money out of a 15th-floor window. Red hundred-yuan notes worth as much as $50,000 fluttered to the pavement below. Money raining down on pedestrians was not as bizarre, however, as the racket behind it. China is known for its pirated DVDs and fake designer gear, but these criminals were producing something more intellectual: fake scholarly articles which they sold to academics, and counterfeit versions of existing medical journals in which they sold publication slots. Read more of this post

8 Common Thinking Mistakes Our Brains Make Every Day And How To Prevent Them

8 Common Thinking Mistakes Our Brains Make Every Day And How To Prevent Them

BELLE BETH COOPERBUFFER 34 MINUTES AGO 0

Get ready to have your mind blown.

I was seriously shocked at some of these mistakes in thinking that I subconsciously make all the time. Obviously, none of them are huge, life-threatening mistakes, but they are really surprising and avoiding them could help us to make more rational, sensible decisions. Being aware of the mistakes we naturally have in our thinking can make a big difference in avoiding them. Unfortunately, most of these occur subconsciously, so it will also take time and effort to avoid them—if you even want to. Regardless, I think it’s fascinating to learn more about how we think and make decisions every day, so let’s take a look at some of these thinking habits we didn’t know we had.

1. We surround ourselves with information that matches our beliefs

We tend to like people who think like us. If we agree with someone’s beliefs, we’re more likely to be friends with them. While this makes sense, it means that we subconsciously begin to ignore or dismiss anything that threatens our world views, since we surround ourselves with people and information that confirm what we already think. This is called confirmation bias. If you’ve ever heard of the frequency illusion, this is very similar. The frequency illusion occurs when you buy a new car, and suddenly you see the same car everywhere. Or when a pregnant woman suddenly notices other pregnant women all over the place. It’s a passive experience, where our brains seek out information that’s related to us, but we believe there’s been an actual increase in the frequency of those occurrences. Confirmation bias is a more active form of the same experience. It happens when we proactively seek out information that confirms our existing beliefs. Not only do we do this with the information we take in, but we approach our memories this way, as well. In an experiment in 1979 at the University of Minnesota, participants read a story about a women called Jane who acted extroverted in some situations and introverted in others. When the participants returned a few days later, they were divided into two groups. One group was asked if Jane would be suited to a job as a librarian, the other group were asked about her having a job as a real-estate agent. The librarian group remembered Jane as being introverted and later said that she would not be suited to a real-estate job. The real-estate group did the exact opposite: they remembered Jane as extroverted, said she would be suited to a real-estate job and when they were later asked if she would make a good librarian, they said no. In 2009, a study at Ohio State showed that we will spend 36 percent more time reading an essay if it aligns with our opinions. Whenever your opinions or beliefs are so intertwined with your self-image you couldn’t pull them away without damaging your core concepts of self, you avoid situations which may cause harm to those beliefs. – David McRaney This trailer for David McRaney’s book, You are Now Less Dumb, explains this concept really well with a story about how people used to think geese grew on trees (seriously), and how challenging our beliefs on a regular basis is the only way to avoid getting caught up in the confirmation bias: Read more of this post

All entrepreneurs are united by the fear of failure; For every business that makes it, four crumble away to nothing, says entrepreneur Michael Hayman. Too often, failure is swept under the carpet

All entrepreneurs are united by the fear of failure

For every business that makes it, four crumble away to nothing, says entrepreneur Michael Hayman. Too often, failure is swept under the carpet.

When talking about the success of retailer Carphone Warehouse, founder Charles Dunstone joked, “I got away with it”. Photo: Rex Features

By Michael Hayman

4:57PM BST 30 Sep 2013

“I got away with it.” The words Carphone Warehouse founder Sir Charles Dunstone hopes will be etched as an epitaph on his gravestone. Words that have stuck in my mind since I heard him say them. In one short sentence he captured the least told chapter in the life story of many of our greatest entrepreneurs. That there rarely is a grand plan in place and that failure, and the fear of, it is every bit the co-pilot of success. Read more of this post

Stop Trying to Engineer Success

Stop Trying to Engineer Success

by David K. Hurst  |   11:00 AM October 2, 2013

Every organization that aspires to greatness has something to learn from relevant success stories of the past. But how should managers go about unlocking the lessons of those efforts? Many of their consultants advocate an engineering approach:

Find multiple examples of organizations that have coped with equivalent challenges successfully.

Reverse-engineer the reasons for their success, looking for features that they share in common.

Present these shared “success factors” as precepts, rules, and principles that should be implemented by all those who wish to achieve similar levels of success.

This approach sounds great, and the growth of the consultancies pushing it cannot be gainsaid. But it simply doesn’t work. The engineering approach can be described but not practiced. Start by considering an extreme and high-visibility case. At the outset of the Iraq War, President George W. Bush expressed the hope that Iraq would become a federal democracy and a beacon to all the totalitarian states in the Middle East. The Americans then set about creating facsimiles of various institutions – the critical success factors of its own democracy. But if these were necessary conditions then clearly they were not sufficient. Iraq is far from a viable democratic system. Similarly, in the management world, we constantly see the engineering approach being urged and falling short. As just one example, academics W. Chan Kim and Renée Mauborgne examined the emergence of outrageously successful companies like Cirque du Soleil, and claim to have discovered the keys. While never claiming that their case organizations, with their idiosyncratic histories and unique contexts, had consciously implemented their “blue ocean” principles, Kim and Maubourgne argued that it was “as if” they had. How else could they have moved their businesses into positions that so thoroughly defied competition?

Unfortunately this approach has done no more for corporate strategic success than it has for nation states. Managers are presented with inspiring stories from the past that they quickly discover cannot be replicated, and with abstract principles that sound incontrovertible yet cannot be implemented. They might, at best, produce facsimiles of certain features of great organizations, or get learn to say all the right words about what it will take to succeed. But while they can talk the talk, their organizations can’t walk the walk. The fundamental problem with the engineering approach is that simple mechanics do not drive outcomes in complex systems. Where causes and effects are constantly subject to dynamic adaptation, as they are in ecosystems, societies, and organizations, conditions cannot be reproduced. Read more of this post

Was Jesus an Effective Leader? Insights from Reza Aslan’s ‘Zealot’

Was Jesus an Effective Leader? Insights from Reza Aslan’s ‘Zealot’

Oct 01, 2013 Books Law and Public Policy Video Middle East & Africa North America

In his bestselling new book, Zealot: The Life and Times of Jesus of Nazareth, author Reza Aslan’s goal was to write a biography of one of history’s most influential people, drawing on historical sources instead of the traditional Gospels to help people understand the man who would one day be called the Messiah. Wharton legal studies and business ethics professorG. Richard Shell recently talked with Aslan about the life of Jesus, what Jesus taught us about leadership, and how a leader’s message can sometimes change after his or her death. 

An edited transcript of the conversation follows. Read more of this post

Tom Clancy, whose chillingly realistic novels reflected his knowledge of the military and the changing nature of threats to U.S. while providing Hollywood with fodder for blockbuster movies, has died. He was 66.

Updated October 2, 2013, 12:38 p.m. ET

Best-Selling Author Tom Clancy Dead at 66

STEPHEN MILLER And JEFFREY A. TRACHTENBERG

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Best-selling author Tom Clancy, pictured in 1997.

Tom Clancy’s tightly wound military thrillers grew into a multimedia entertainment franchise encompassing not just novels but also films, videogames and board games.

Mr. Clancy, whose death in Baltimore at age 66 was announced Wednesday by his publisher, G.P. Putnam’s Sons, incorporated current events into his books starting from his first, “The Hunt for Red October,” a Cold War submarine thriller that was a bestseller when it was published in 1984. Read more of this post

‘Warriors’ welcome tourists in Yue Fei Temple during National Day holiday

‘Warriors’ welcome tourists in Yue Fei Temple during National Day holiday

(People’s Daily Online)    09:16, October 01, 2013

A large scale martial arts performance will be held during this year’s golden week in Yue Fei Temple scenic area in Tangyin County, central China’s Henan Province, to demonstrate the place’s historical and cultural connotations, nurture and promote national spirit, and heighten the festive atmosphere. Performances with a variety of martial arts skills and historical stories will bring tourists a visual and spiritual feast. Situated in the southeast corner of the Tangyin County and covering more than 6,000 square meters, Yue Fei Temple was firstly built in 1450 (Ming Dynasty). The temple was originally called Jing Zhong Temple (Loyal and Honesty Temple), and was built in memory of Yue Fei, a courageous general who lived during the southern Song dynasty.

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Netflix and Berkshire Hathaway share this management philosophy that could save your company millions

Netflix and Berkshire Hathaway share this management philosophy that could save your company millions

By David Larcker and Brian Tayan 11 hours ago

The litany of prominent corporate failures in the last decade—Enron, WorldCom, Lehman Brothers, and so on—ushered in an increase in regulatory requirements for corporate governance. The result is that every year, companies spend tens of millions of dollars on incentive compensation, director salaries, audit fees, internal auditors, and compliance efforts to satisfy a long list of rules, regulations, and procedures imposed by legislators and the market. It all raises a critical but too often overlooked issue: Would corporate governance improve if companies instead had fewer controls? Would shareholders be better off if organizations instead demonstrated more trust in employees and executives? Research suggests that the answer may be yes, and that companies might benefit by emphasizing trust over regulations. Indeed, high trust settings are characterized by less bureaucracy, simpler procedures, and higher productivity. Read more of this post

Loving what you do is not enough; ask yourself how much pride you take in the work you do. If you can honestly say your work fills you with pride then, and only then, will you be truly invested

Loving what you do is not enough

BY FRANCISCO DAO 
ON OCTOBER 1, 2013

Everywhere you turn, the advice is the same. Love your work. Love your startup. Do what you love, and you’ll never work again. In the startup world, it seems the Beatles were right, all you need is love. But when it comes to being the best you can be in work and life, there is something else that nobody talks about anymore. A few months ago, I was reading an incredible book about World War II pilots, and I started thinking about what made these young men, barely more than children in their early 20s, risk their lives in the skies over Europe. It surely wasn’t love, and the book never candy-coats how terrified they were. Love, passion, hustle, and all the things startup entrepreneurs talk about had absolutely nothing to do with it. They put aside their fears and did what they had to do out of a sense of pride. Read more of this post