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Classic: What is success? Do You Have the Will to Lead and Answer the Toughest Questions? - Peter Koestenbaum

Classic:  What is success?  Do You Have the Will to Lead and Answer the Toughest Questions? - Peter Koestenbaum | Change Leadership Watch | Scoop.it

Philosopher Peter Koestenbaum poses the truly big questions: How do we act when risks seem overwhelming? What does it mean to be a successful human being?

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How can we muster the guts to burn our bridges and to create a condition of no return?

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{Have you asked yourself:]  How in the world did I get here? Or wrestled with ...strategic choices -- all of which seem hard and unpleasant -- and said, What happened to the fun part of being in business? According to Peter Koestenbaum, those uncomfortable questions -- those existential quandaries -- are at the root of issues that great leaders deal with all the time, and they influence every decision that must be made.
  
More than 25 years ago, Koestenbaum traded the cloistered halls of academia for the front lines of the global economy. It's not unheard-of for this philosopher, a tireless 71-year-old with thick glasses and a flowing beard, to visit clients across three continents in a single week. His agenda: to apply the power of philosophy to the big question of the day -- how to reconcile the often-brutal realities of business with basic human values -- and to create a new language of effective leadership. ...The more you understand the human condition, the more effective you are as a businessperson. Human depth makes business sense."

     

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Change -- true, lasting, deep-seated change -- is the business world's biggest and most persistent challenge. 

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Koestenbaum's wisdom makes sense to leaders at such giant organizations as Ford, EDS, Citibank, Xerox, Ericsson, and even one of Korea's chaebols. ... At Ford, Koestenbaum contributed to the company's 2,000-person Senior Executive Program throughout the 1980s. In more than a decade at EDS, he led seminars and coached hundreds of top executives, including then-chairman Les Alberthal. 


"Everything I do," says Koestenbaum, "is about using themes from the history of thought to rescue people who are stuck." His logic: Change -- true, lasting, deep-seated change -- is the business world's biggest and most persistent challenge. But too many people and too many companies approach change by treating it as a technical challenge rather than by developing authentic answers to basic questions about business life. 


WHY DOES BEING A LEADER FEEL SO HARD TODAY?

Because reckoning with freedom is always hard ...We're living in a peculiar time: It's marked by a soaring stock market, the creation of tremendous wealth, an explosion in innovation, and the acute alienation that occurs when the global economy hits the average individual. 

The message is, You're living in the best country in the world at the best time in history; you have an amazing degree of freedom to do what you want, along with an unprecedented opportunity to build immense wealth and success -- and to do it more quickly than ever before. Of course, the average individual has as much of a chance of launching a skyrocketing IPO as he or she has of becoming a movie star. 

       
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There's a terrible defect at the core of how we think about people and organizations today. ...There is little or no tolerance for the kinds of character-building conversations that pave the way for meaningful change.

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What's even more disturbing is that the ascendancy of shareholder value as the dominant driving force in business has resulted in a terrible insensitivity to basic human values. 

THAT'S A HEAVY BURDEN TO PLACE ON LEADERS. THEY MUST NOT ONLY GUIDE ORGANIZATIONS BUT ALSO WRESTLE WITH BASIC PHILOSOPHICAL QUESTIONS.


There's a terrible defect at the core of how we think about people and organizations today. There is little or no tolerance for the kinds of character-building conversations that pave the way for meaningful change. The average person is...riveted by the objective domain...where our metrics are; that's where we look for solutions. ...That's why books and magazines that have numbers in their titles sell so well.


We'll do anything to avoid facing the basic, underlying questions: How do we make truly difficult choices? How do we act when the risks seem overwhelming? How can we muster the guts to burn our bridges and to create a condition of no return?

     

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...Managing polarity teaches us that there are no solutions -- there are only changes of attitude. 
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There's nothing wrong with all of those technical solutions. They're excellent; they're creative; they're even necessary. But they shield us from the real issues: What kind of life do I want to lead? What is my destiny? How much evil am I willing to tolerate?

      

...Managing polarity teaches us that there are no solutions -- there are only changes of attitude. When you grapple with polarities in your life, you lose your arrogant, self-indulgent illusions, and you realize that the joke is on you. To get that message makes you a more credible human being -- instantly. 

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As always in our ScoopIt news, click on the photo, video or title to see the full version of the Scooped post.

    

Related posts by Deb:

    

    

         

    

          

  • Stay in touch with the monthly Best of the Best news, taken from Deb's  9 multi-gold award winning curation streams.  Preview it here, via REVELN Tools.

          

  • Are you local to SE Michigan?  Find out more about horse-guided leadership development sessions (no fee demos) for individuals by contacting Deb, after reviewing her coaching page here.  

 

Deb Nystrom, REVELN's insight:

I've recently learned that this classic article is the most downloaded article from Fast Company.  If you read it, you'll see why.  It asks the beautiful, and extraordinarily difficult questions about business and life. Changing perspective, and ultimately changing attitudes, is the big challenge in making lasting change fully sustainable.~  D

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Doing Well by Doing Good: Michigan's Fave Food Brand Converts $50 Mil Business Into Worker-Owned Co-Op

Doing Well by Doing Good: Michigan's Fave Food Brand Converts $50 Mil Business Into Worker-Owned Co-Op | Change Leadership Watch | Scoop.it
Zingerman's Community of Businesses is a staple of Ann Arbor, and it's achieved great success through highly unorthodox practices.


The flagship deli, founded in 1982, is now just one of nine businesses in the Zingerman's Community of Businesses, which also includes a bakery, creamery, candy company, and restaurant.


These businesses are founded on a unique philosophy without traditional business hierarchy.  Zingerman's emphasize collective decision-making.  [Now] ...the company is on track to make $50 million this fiscal year.


A worker co-op is an old business model that has seen renewed interest post-recession due to a lack of investors creating jobs in communities.


Zingerman's has been focused on getting its employees to think like owners long before hard economic times.

Deb Nystrom, REVELN's insight:

Employees who think as owners?   What a concept - that's been around for ages, just not implemented widely.  Here's why it is working, from the article:

   

  • Open-book management:  even the lowest-level employee will work better if they know how the company is doing financially and should have a stake in its success.
        
  • Weinzweig and the 17 other partners, who act as managers, want to find a way to get employees involved in the consensus, rather than just sitting in to ask questions and offer insight. ....Essentially, that could give someone like [a] new part-time employee as much voting power as the CEO.
        
  • Weinzweig thinks that traditionally managed organizations, in which executives operate in a different sphere from their employees, "are operating with about 5% of their intellectual and creative capital, which really doesn't make sense."
    
It's a competitive, global world now, and traditional management, born out of the wide open markets of the industrial age, are no longer as competitive without the insights of all stakeholders, especially staff / employees.
    
~  Deb
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Deb Nystrom, REVELN's curator insight, June 20, 2014 7:33 PM

As I commented originally on Change Leadership Watch:  Employees who think as owners?   What a concept - that's been around for ages, just not implemented widely.  Here's why it is working, from the article:

   

  • Open-book management:  even the lowest-level employee will work better if they know how the company is doing financially and should have a stake in its success.
        
  • Weinzweig and the 17 other partners, who act as managers, want to find a way to get employees involved in the consensus, rather than just sitting in to ask questions and offer insight. ....Essentially, that could give someone like [a] new part-time employee as much voting power as the CEO.
        
  • Weinzweig thinks that traditionally managed organizations, in which executives operate in a different sphere from their employees, "are operating with about 5% of their intellectual and creative capital, which really doesn't make sense."
    
It's a competitive, global world now, and traditional management, born out of the wide open markets of the industrial age, are no longer competitive without the insights of all stakeholders, especially staff / employees.
    
~  Deb
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7 Secrets of Union Management Success with Teams, Michigan News

7 Secrets of Union Management Success with Teams, Michigan News | Change Leadership Watch | Scoop.it

What are the 7 secrets to sustainability with teams, management and unions? We presented our lessons learned at the recent Partnerships in Progress Michigan Labor and Management Association (MLMA) Conference in East Lansing, Michigan."


Overview:  Once what I want differs from what you want, we are in conflict. Conflict will naturally increase when shifting from a supervisor-to-employee model to a team model. This presentation describes a whole system, top to bottom and side to side process to implement teams in a union environment.


The “from me to we” shift is continuous process that requires a different type of renewal annually. With commitment to this approach, everyone from top management and union officials down to frontline supervisors and employees can mutually benefit.


The full slideshare and photo set is here or go to:

http://reveln.com/7-secrets-of-union-management-success-with-teams-mlma/



Deb Nystrom, REVELN's insight:

Sustainability means "Never check the box" (the work never finishes) along with elevating the importance of growing relationships within and among union and management leaders and the work community.

This was one of my own recent presentations with Fenwick Koller Associates, who have made great progress in helping teamwork happen and sustain itself within very tradition-bound settings.  Let us know if you agree. 

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Deb Nystrom, REVELN's comment, April 25, 2014 10:31 AM
GABY, you are welcome!
Deb Nystrom, REVELN's curator insight, May 6, 2014 3:57 PM

The full slideshare and photo set is here or go to:

http://reveln.com/7-secrets-of-union-management-success-with-teams-mlma/

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Harvard Business School Case Study: Gender Equity, Women in the Harvard Business School

Harvard Business School Case Study: Gender Equity, Women in the Harvard Business School | Change Leadership Watch | Scoop.it

An aggressive Gender Equity program intended to foster female success brought improvements, but also resentment and uncertainty.


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Many Wall Street-hardened women confided that Harvard was worse than any trading floor...
   

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Year after year, women who had arrived with the same test scores and grades as men fell behind at the country’s premier business training ground. Attracting and retaining female professors was a losing battle; from 2006 to 2007, a third of the female junior faculty left


     

Harvard Business School says it wants to improve the gender balance among faculty members, but it is far from that goal without extensive hiring.

    

Many Wall Street-hardened women confided that Harvard was worse than any trading floor, with first-year students divided into sections that took all their classes together and often developed the overheated dynamics of reality shows.


Some male students, many with finance backgrounds, commandeered classroom discussions and hazed female students and younger faculty members, and openly ruminated on whom they would “kill, sleep with or marry” (in cruder terms). Alcohol-soaked social events could be worse.

      

In 2010, Drew Gilpin Faust, Harvard’s first female president, appointed a new dean who pledged to do far more than his predecessors to remake gender relations at the business school.

      

Dean Frances Frei, …a popular professor turned administrator who had become a target of student ire, was known for the word “unapologetic,” as in: we are unapologetic about the changes we are making.

       

By graduation, the school had become a markedly better place for female students, according to interviews with more than 70 professors, administrators and students…   Women at the school finally felt like, “ ‘Hey, people like me are an equal part of this institution,’ ” said Rosabeth Moss Kanter, a longtime professor.

    

…yet even the deans pointed out that the experiment had brought unintended consequences and brand new issues. The grade gap had vaporized so fast that no one could quite say how it had happened. The interventions had prompted some students to revolt, wearing “Unapologetic” T-shirts to lacerate Ms. Frei for what they called intrusive social engineering.


UPDATE:  See the 2014 apology by the current Harvard Business School Dean Nitin Nohria here.



 

Deb Nystrom, REVELN's insight:

In the tradition of excellent storytelling, the Times ends this in-depth story with a graduation speech by a Ms. Boyarsky, “the classroom truth-teller” - winner of the a prized Baker Scholarship, usually held by mostly males.  

Her “witty, self-deprecating speech unlike any in the school’s memory” and provides a capstone ending to a remarkable and sobering story about women in business.


Baby, you’ve still got a long way to go.  (Paraphrase of old Virginia Slims cigarette ad.)

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Revealed – the 147 Companies That Run the World | Forbes & New Scientist

Revealed – the 147 Companies That Run the World  |  Forbes & New Scientist | Change Leadership Watch | Scoop.it

An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy.


The study's assumptions have attracted some criticism, but complex systems analysts contacted by New Scientist say it is a unique effort to untangle control in the global economy. Pushing the analysis further, they say, could help to identify ways of making global capitalism more stable.
 

The idea that a few bankers control a large chunk of the global economy might not seem like news to New York's Occupy Wall Street movement, ...but the study, by a trio of complex systems theorists at the Swiss Federal Institute of Technology in Zurich, is the first to go beyond ideology to empirically identify such a network of power. It combines the mathematics long used to model natural systems with comprehensive corporate data to map ownership among the world's transnational corporations (TNCs).

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"If connectedness clusters, so does wealth, ...
money flows towards the most highly connected members." ~ Dan Braha of NECSI

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"Reality is so complex, we must move away from dogma, whether it's conspiracy theories or free-market," says James Glattfelder. "Our analysis is reality-based."

From the Forbes summary version of this post:


... the data set...excludes GSEs and privately-held companies and is dominated by banks, institutional investors and mutual funds that don’t always have much in the way of control over assets.


Forbes reader danogden ...commented: “…pension plans, corporate 401(k) plans and individual funds..manage trillions in assets ultimately belonging to individuals who are predominantly not in the “1%”. …


...“custodian banks” in the list — companies who hold the assets of asset managers to ensure timely processing of things ...do not own the assets, or even really control [them.] A better list would be the actual asset OWNERS, rather than the vendors who manage, house and clear said assets.”


 If connectedness clusters, so does wealth, says Dan Braha of NECSI: in similar models, money flows towards the most highly connected members. 


...The real question, says the Zurich team, is whether it can exert concerted political power. Driffill feels 147 is too many to sustain collusion. Braha suspects they will compete in the market but act together on common interests. Resisting changes to the network structure may be one such common interest.


 

Deb Nystrom, REVELN's insight:

Complexity science is a window to understanding nature as well as ourselves in a global system.  This article is blend of two, from the original New Scientist post from 2011, and from a Forbes summary that was listed on LinkedIn today, September 2013.  ~  Deb

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Jim Allen, III's curator insight, September 13, 2013 10:26 AM

They didn't dig deep enough into who heads, runs, and holds most interest in these companies and the number will be closer to 12 families.

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Really, now: Who Killed Hostess Brands and Twinkies? via Forbes

Really, now:  Who Killed Hostess Brands and Twinkies? via Forbes | Change Leadership Watch | Scoop.it

"I’m sure you have, by now, heard the news."


It was the demands of the union, so many say.  However, there are other perspectives to the Hostess story. It's time for a reality check on what's happening to the furture of the nostalgic Twinkie. ~  D


_______________________________

  

Time for a reality check.

_______________________________



Excerpts:


More than a few observers say they know who to blame: the union representing thousands of striking Hostess Brand workers who have refused to accept a new contract that would do everything from slash their salaries to their retirement benefits.

  

Time for a reality check.

  

  • Hostess has been sold at least three times since the 1980s, racking up debt and shedding profitable assets along the way with each successive merger.

      

  • The company filed for bankruptcy in 2004, and again in 2011.

      

  • Little thought was given to the line of products, which, frankly, began to seem a bit dated in the age of the gourmet cupcake. (100 calorie Twinkie Bites?  Really?)

  

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Little thought was given to the products, which, seem a bit dated in the age of the gourmet cupcake.

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Hostess Brands’ management gave themselves several raises, all the while complaining that the workers who actually produced the products...were grossly overpaid...

So now an estimated 18,500 workers will join the nation’s unemployment rolls. But ...it’s unlikely such a fate awaits such signature products as Twinkies. Company executives have already asked for ...permission to ...selling off their famed product lines to other companies.


Read the full article here.


Here's also a related, current article by Deb as arising out of failure offers great lessons from the wise:


Detroit & Vegas – A Tale of Two Cities as Our Comeback Kids

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Social Business Culture is winning in the Competitive High Tech Business, Change Leader

Social Business Culture is winning in the Competitive High Tech Business, Change Leader | Change Leadership Watch | Scoop.it

"Social business culture wins again in the competitive high tech world, with collaboration and tremendous employee and client loyalty to prove it."

   

This is one of the smarter change/culture pieces of read recently, with good stats and means.  It's a Forbes piece on collaborative culture by Christine Comaford, contributor.  Here collaboration is NOT a myth or buzz word,  rather it appears to be in full practice and working quite well, thank you!  ~  Deb

   

Excerpts:

   

Stats on Enterasys:  One of the fastest growing networking companies in high tech:


  • Produced 3 years of consecutive top-line year-over-year revenue growth
  • Grown 25% of sales from new customers
  • Had less than 5% annual employee attrition
  • Has a Net Promoter Score of 81 – NPS score is not a typo
   
Their tools used include Salesforce.com’s Chatter, Twitter, Facebook to accelerate business via connection & collaboration. 
   

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A ‘social’ executive sponsor must be S.O.C.I.A.L. – sincere, open, collaborative, interested, authentic and likeable.

   

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Vala Afshar, Enterasys’ Chief Customer Officer says it is because the company is a social enterprise featuring their collaborative and customer focused culture thriving in this highly competitive market.

   

Samples of the tenents of their culture building & sustaining:

   

1. Define a meaningful purpose

    

Social collaboration is not about social media. It is about the purpose of collaboration and execution. A strong culture is based on tenants of transparency, accountability, execution velocity, and mass collaboration.

   

2. Ensure simplicity and user experience

   

Key:  social technology selection criterion must be “ease of use” for both the employee and customer experience => highly dependent on seamless integration, ease of use, and alignment to existing workflows.

   

3. Have a ‘social’ executive sponsor

   

The executive must be S.O.C.I.A.L. – sincere, open, collaborative, interested, authentic and likeable. The executive sponsor must be actively engaged and enthusiastically willing to promote inter-departmental collaboration. Influence and likeability are key success factors.

   

_________________________

  

[Don't] force collaboration, [instead offer] encouragement and invitation to growth.

   

_________________________

   

6. Create social collaboration functional groups

   

Pre-establish a group representing various functions - a social collaboration team, including a Social ELT members (marketing, sales, services, IT, engineering – extended leadership team), who represent various functions, can do this at the beginning. Within lines of business, it is more likely that employees will collaborate.


Once comfortable collaborating internally, connections will begin to establish outside the lines of business.

   

8. Measure adoption

   

Celebrate and recognize power collaborators and how they are positively impacting business objectives. Recognize the most followed, the most posts and even potential for training opportunities. [Don't] force collaboration, instead offer encouragement and invitation to growth.

   

10. Passionately embrace change and have fun

  

Social collaboration is ...most of all it is about enjoying the people your work with and the work that you do. Have fun growing mindshare and your business.

    

Source:  http://www.forbes.com/sites/christinecomaford/2012/06/19/if-you-are-not-social-you-will-shrink-10-steps-to-becoming-a-social-business/

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America's Most Promising Companies & their Leaders: The Top 20 - Forbes

America's Most Promising Companies & their Leaders: The Top 20 - Forbes | Change Leadership Watch | Scoop.it
These privately held up-and-comers have compelling business models, strong management teams, marquee customers, strategic partners and precious investment capital.


As profiled on the Social Media Learning Lab, it's gratifying to see the social media example, Smashburger, as a top runner on this list for Forbes:


Smashburger, tops Forbe's new list of America’s 100 Most Promising Companies–privately held up-and-comers. Since 2007, the Denver-headquartered patty chain will have grown to 143 locations (half company-owned, half franchised) and $54 million in annual revenue by the end of 2011. Another 450 franchise agreements are already on the books.


The companies on our AMPC list hail from 22 industries, with software-and-services taking the biggest slice (35%).


Facts:

  • 90 have raised outside capital;
  • 70 have a CEO who is also one of the founders;
  • 12 have one younger than 35 years old;
  • 7 have yet to generate revenue; and
  • one sells a burger topped with pastrami.
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Digital Change: Why CapGemini Is Refocusing their Management Consulting Practice on Social Business | Seek Omega

Digital Change: Why CapGemini Is Refocusing their Management Consulting Practice on Social Business | Seek Omega | Change Leadership Watch | Scoop.it

Competitors & others are creating the digital change scenarios.


CapGemini’s decision was supported by Andy McAfee, MIT’s Principal Research Scientist for Digital Business, in that,


“analog companies eventually are going to get swept aside by digital companies. It’s my firmest belief about the future of business.”

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Why Traditional Business Transformation Doesn't Work: Co-Creative Transformation | Innovation Playground

Why Traditional Business Transformation Doesn't Work: Co-Creative Transformation  | Innovation Playground | Change Leadership Watch | Scoop.it

Over 60% of companies out there are operating on a dated buisness model and 20% operating with a mental model that had expired for more than 5 years ago.


Business transformation traditionally takes the form of unfreezing to refreezing and briding the gaps in capabilities, mindset and performance.  This classic change model was ok for the olden days; it's too rigid to work now (unless we classify it as a slushie!)


The transformation model featured in this blog post by Idris Mootee has a strong future orientation, uses design thinking principles, and features a tangible, collaborative co-creation process.


A high-level view is captured by the following formula: Successful Brand-Driven Business Transformation = P+N+C+M+I+F


P = Develop a perspective of the future(s) informed by strategic foresights (both customer and technology contexts) and deep organizational insights;


N = Develop a co-created brand narrative that inspired people re: possibilities and purpose at the core of the story;


C = Develop a compelling case for the need for change developed and shared by all executives, investors, employees and B2B business partners;


M = Map - Develop a practical means to tie innovation (roadmap) and projects to the desired future(s);


I = Design an incentive systems that are aligned to identify and encourage appropriate behaviors compatible with the desired future;


F = Develop feedback mechanism for each stage of the process to monitor progress and provide input for continuous improvement.

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Content Curation at Work: Startupery - A Library of Startup Best-Practices Curated by True Subject Matter Experts

Content Curation at Work: Startupery - A Library of Startup Best-Practices Curated by True Subject Matter Experts | Change Leadership Watch | Scoop.it

Via Robin Good
Deb Nystrom, REVELN's insight:

Take start-ups & entrepreneurs, add content curation by SMEs, subject matter experts, viola!  It's a handy resource worth a good look to support entrepreneurs and the growth of their companies.  ~  D

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Robin Good's curator insight, July 12, 2014 9:34 AM



Startupery is a new online resource which organizes and curates best-practices, strategy advice, tips and methods for business startups.


The present library currently comprises over 500 hundred resources organized under 372 topics by 12 selected "experts", which include, among others, Fred Wilson (Vevnture Capitalist), Eric Ries (The Lean Startup), Chris Dixon (Investor) and Brad Feld (Early Stage Investor / Entrepreneur). 


For each expert you will find a page outlining his profile and presenting, in a categorized fashion, a selected number of sources suggested by him.


"For years, and now more than ever, startup founders, investors and operators have been sharing advice on how to succeed in business. From personal blogs to up-and-coming publications, this advice has been scattered and often hard to find when you need it mostStartup{ery is a library for this advice, giving each resource and the important topics that they cover a home on the internet."


An excellent and well-organized resource hub for startups, Simple, easy to navigate and staffed by a highly reputable set of subject-matter-experts / curators.

A great example of the value that content curation can bring to just about any field, where there is lot of precious information scattered around and which can greatly benefit from competent and trusted "organizers". 


Free to use.



Startupery: http://startupery.com/ 


Added to Content Curation Examples board.





Pierre Dejean's curator insight, July 12, 2014 10:16 AM

Great content about Start-up ! 

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Not the biggest, or the last recall: U.S. Fines General Motors $35 Million for Lapses on Ignition-Switch Defect

Not the biggest, or the last recall: U.S. Fines General Motors $35 Million for Lapses on Ignition-Switch Defect | Change Leadership Watch | Scoop.it

Federal regulators report GM has agreed to change its internal review process after a flaw linked to 13 deaths and a vast recall.

   

Excerpts:

G.M. agreed to make “significant and wide-ranging internal changes to its review of safety-related issues in the United States, and to improve its ability to take into account the possible consequences of potential safety-related defects.”

      

The faulty ignition switch, in Chevrolet Cobalts, Saturn Ions and other cars, was prone to turn off if it was jostled or weighed down, shutting the engine, and disabling the air bags and power-assisted systems like steering and brakes. G.M. has linked the defect to 13 deaths and 32 crashes.

   


“...Today’s announcement puts all manufacturers on notice that they will be held accountable if they fail to quickly report and address safety-related defects,” Transportation Secretary Anthony Foxx said.


Also, three (3) trust-related posts by Deb on REVELN:


Teamwork can also be the “secret sauce” that defines successful organizations.  Our systems for supporting high performance and leadership in teams and in entire organizations have not kept up with the times. 

     

Change Leaders: Why Should Anyone Trust Your Vision? John Kotter & Harvard Business Review

     

John Kotter’s highlights of some common assumptions about how leaders approach change.
    
Change, Ethics, Trust & Timing for your Talent Management Decisions

    

Hewitt's report features how plans on paper don’t translate to reality in the workplace when it comes to recruiting, developing and retaining talent.
Deb Nystrom, REVELN's insight:

From the article and New York Times video:  There are 30,000 parts in the average car.  This GM problem was due to a 90 cent ignition switch.  The GM recall involved 2.6 million cars.   This recall doesn't even crack the top 10 in history.


_____________
    

The Ford Pinto was called, "the BBQ that seats 4."  

_____________


The Ford Pinto, a 1978 recall, is one of the best known, with a damaging brand impact lasting for years.  The Pinto was called, "the BBQ that seats 4."  Recently,Toyota, was lambasted for covering up a sticking accelerator pedal problem, featuring evidence of how they mislead the public and failed to report the problem in a timely way.


From the Times, "...As bad as they [the recalls] sound" and from me, the mistakes are varied and useful for understanding the complexities of big organizations.  That deaths occur is tragic, very tragic.  For this reason alone, it is yet another important cautionary tale about complex systems, yet simpler fixes:


1) clear the way to communicate with your customers and regulators,


and


2) don't mess around with anything that can damage public trust in your big business.   ~  Deb

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Michigan Today » RESULTS: The state of Entrepreneurship 2014

Michigan Today » RESULTS:  The state of Entrepreneurship 2014 | Change Leadership Watch | Scoop.it

Michigan venture capital vs. national venture capital

Growing entrepreneurship is a major goal of the state, and the Michigan Economic Development Corporation (MEDC) is seeing results.

Relative to the national landscape, from 2008-12, the Michigan venture capital community has demonstrated strong growth, while the national venture capital landscape has contracted over the same time period.

The MEDC offers millions in grants and loans to in-state ventures, often working through venture capital and private equity partners.



Paula Sorrell, managing director of entrepreneurship and innovation for the MEDC, sees a wide range of startups in the state, including medical devices, biotech, IT, and advanced materials.



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Stay in touch with Best of the Best news, taken from Deb's  NINE curation streams @Deb Nystrom, REVELN, featuring gold award winning change & learning, sent  once a month via email, available for free here, via REVELN Tools.

    

     

     

Deb Nystrom, REVELN's insight:

This is great news for Michigan and SE Michigan in particular.  There is a way to help deal with the brain drain of talent leaving Michigan and entrepreneurs are an essential part of it.   
      
See photos from the recent ACE 2014 Entrepreneurs Collaborative here. 

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Harvard B-School Dean offers Unusual Apology to Female Students & Professors

Harvard B-School Dean offers Unusual Apology to Female Students & Professors | Change Leadership Watch | Scoop.it
Harvard Business School Dean Nitin Nohria publicly apologized for the school's treatment of female students and professors and vowed to make changes at the school.




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Deb Nystrom, REVELN's insight:

The New York Times has profiled, in depth, the experiment to change the culture & climate at Harvard's Business School, culminating with a female Baker's Scholar graduation speech not to be missed.   This sets a remarkable precedent in the year 2014.  ~  D

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Taking the Bet: Dan Gilbert’s Investment Gamble on Downtown Detroit

Taking the Bet:  Dan Gilbert’s Investment Gamble on Downtown Detroit | Change Leadership Watch | Scoop.it
Against tall odds, Dan Gilbert, the Quicken Loans chairman, is putting down money to revive a two-square-mile area that was once Detroit’s core.


...His plans, according to academics like Brent D. Ryan, author of “Design After Decline: How America Rebuilds Shrinking Cities,” amount to one of the most ambitious privately financed urban reclamation projects in American history.


Opportunity Detroit, as Mr. Gilbert has branded it, is both a rescue mission and a business venture....   When he started buying in 2011, the city was having what he has described as a “skyscraper sale.”

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Deb Nystrom, REVELN's insight:

I've covered some of Dan's Gilbert's 2011 intentions about downtown Detroit at FutureMidwest, 2011, a photo essay here.   Our cities could be the Amazon rain-forests are to the earth, regulating our air, our weather, our ocean health, as well as our own economic & community future shared with the region and state.  

What I shared on twitter as I listened to Dan Gilbert at FutureMidwest 2011:

  • 25 Things I Learned in 25 Years of Business by Dan Gilbert @quickenloans: #5 Building anything great is messy.  ~  D
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15 Of The Sharpest Up And Coming CEOs In Silicon Valley

15 Of The Sharpest Up And Coming CEOs In Silicon Valley | Change Leadership Watch | Scoop.it

Here's the Tech CEO best of the best list via Business Insider. Tech startups CEOs give a great view of what's next.


Here's two from the full list that were quite fetching in ingenuity and business style.  It's also an easy to browse, via click, article. ~  Deb


Excerpts:


Jamie Wong speaks multiple languages and has spent her life traveling the world. Now she's building a startup that makes it much easier for everyone to do the same.]


Vayable basically shortens the process of planning a vacation from 30 hours down to about 5 minutes. It makes it easy to plan "experiences," like touring the Louvre with a French student instead of riding a tour bus around town.


Patrick Collison's Stripe has become the go-to provider for accepting payments online. It makes it dead simple to add a way to pay for things on just about any app.


That's great for other founders, because payments are typically the most tricky part of building an application, and can take months to finally get off the ground. With Stripe, it's just a few lines of code.


Read more: http://www.businessinsider.com/25-hot-ceos-of-silicon-valley-startups-you-cant-afford-to-ignore-2012-8?op=1#ixzz258nSrsMH

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Managing Leadership Change: the Transition to a Social Business, New Experts May Emerge

Managing Leadership Change: the Transition to a Social Business, New Experts May Emerge | Change Leadership Watch | Scoop.it

"What's working in social business in 2012? Tech sales, marketing and the speakers circuits are doing well. Implementation and organizational change are lagging behind.  New leader & experts may be emerging in the gap."

 

There's helpful context in this piece in understanding social business in 2012, now that social media is becoming mainstream.   Transparency reigns.  Traditional organizational structures will not be able to keep up.

 

Excerpts:

 

______________________


...new leaders and experts may emerge, as it takes different leadership and an understanding of networks to support a social business.

______________________



...Pervasive connectivity changes organizational power structures, though the full effects of this take time to become visible. From a transparent environment new leaders and experts may emerge, as it takes different leadership and an understanding of networks to support a social business.

 

...Interconnected people and interlinked information flows, and these will bypass established structures and services. Work gets more democratic as it becomes visible to all.

 

Agile social businesses need people who can work in concert on solving problems, not waiting for direction from above. Management must ask: how can we help you work in this transparent environment? 

 

______________________

 

Changing to more social behaviors takes time, but most of all, it takes trust.

______________________



In social networks we often learn from each other; modelling behaviors, telling stories and sharing what we know.  While not highly efficient, this is very effective for learning.

 

There is a need to model the new behaviors of being transparent and narrating one’s work.

 

Social business also requires power-sharing; for how long will workers collaborate and share if they cannot take action with their new knowledge and connectivity?

 

Changing to more social behaviors takes time, but most of all, it takes trust.

 

Once social technologies have been installed, modelling new work behaviors becomes the main organizational challenge.

 

Sources:   By @hjarche via @charlesjennings


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This Is Generation Flux: Meet The Pioneers Of The New (And Chaotic) Frontier Of Business | Fast Company

This Is Generation Flux: Meet The Pioneers Of The New (And Chaotic) Frontier Of Business | Fast Company | Change Leadership Watch | Scoop.it

That Fast Company identifies GenFlux seems a is a renegade idea way disrupting traditional HR staffing / people concepts for organizations.  Think "churn" as a way of being.


"The future of business is pure chaos. ...So it seems...today.  GenFlux is a mind-set that embraces instability...even enjoys--recalibrating careers, business models, and assumptions."


A variety of careers & ages are profiled in Fast Co's piece.  I remember back when "white water change" and "pinch-points of change," were 90's terms tossed out while working on the latest reorganization, staffing change or technology installation, followed by the brand, is "you" in so many words.  


Excerpts:  


"There's a difference between the broadcast and networked worlds," danah boyd (lower case by intention) and Senior Researcher at Microsoft, says. "Command and control and hierarchical structures are being disintegrated. Big companies are trying to make that slow down. They have massive internal structural issues."


...From classrooms arranged in rows of seats to tenured professors, from the assembly line to the way we promote executives, we have been trained to expect an orderly life.


Thrivers are the members of Generation Flux, who are less a demographic designation than a psychographic one.  


GenFlux is a mind-set that embraces instability, that tolerates--and even enjoys--recalibrating careers, business models, and assumptions.  ...To be successful, businesses and individuals will have to work at it.


This is no simple task. The vast bulk of our institutions--educational, corporate, political--are not built for flux. Few traditional career tactics train us for an era where the most important skill is the ability to acquire new skills.


"I don't have any personal challenges about throwing away the past. If you're not changing, you're giving others a chance to catch up." ~  Pete Cashmore, founder of the widely popular, Mashable, with more than 2 million twitter followers

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Will it be the new "Craig's List" of $$ Transactions for 2012? Dwolla [Video]

Will it be the new "Craig's List" of $$ Transactions for 2012?  Dwolla [Video] | Change Leadership Watch | Scoop.it

 "The cost of the transaction was .25.  That's 25 CENTS.  Really!"


I've made my first transaction to pay for some website work via Dwolla. For my web-master friend, between our two bank accounts, the cost of the transaction was .25. That's 25 CENTS. Really. That was all. No %-age fee, no credit cards.


On the merchant end of things, if this catches on, it could be huge. If Google somehow gets connected to Dwolla at some point, it WILL be huge.


It might also help Google with its new YouTube merchandising business. It certainly fits with the "don't be evil" ethic suggested by the giant.


The only exception might be leadership failure. With cautionary tales like RIMM (the Blackberry manufacturer) and Rubbermaid, leadership #fails can stall even the most innovative companies.  (See the article just to the right for more about that, via ScoopIt curation on change cautionary tales.)


Here's hoping that Dwolla takes off, if for nothing else than for a business success in the direction of the 99% protests this past year, and still going on, as an example of helping things work for everyone, not just a select few.


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