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The End of Competitive Advantage

The End of Competitive Advantage | Human Capital & Business Trends | Scoop.it

Virtually all strategy frameworks and tools in use today are based on a single dominant idea: that the purpose of strategy is to achieve a sustainable competitive advantage. This idea is strategy’s most fundamental concept. It’s every company’s holy grail. And it’s no longer relevant for more and more companies...


Via Kenneth Mikkelsen
Tony Brugman (Bright & Company)'s insight:

Steve Denning discusses this intriguing new book called 'The End of Competitive Advantage'. According to the author Rita Gunther McGrath, all our current ideas about strategy and competitive advantage are based on the 'old economy'. The 'Creative Economy', however, requires a different strategy approach.


For example, "one of the biggest changes is “to stop thinking of within-industry competition as the most significant competitive threat. (..) Today, competition can come from anywhere. Now entire product lines—whole markets—could be destroyed almost overnight as customers defect in droves by “big bang disruption."

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Tom Hood's curator insight, June 4, 2013 9:35 AM

I love Rita's work and this is a great read. Her big idea that competitive advantage is fleeting is on point. The way she recommends dealing with it to become systematic about innovation and she offers a "playbook" framework. I agree with Christopher's caution about not changing for change's sake. That said, you do need to think agile in today;s constantly changing environment. Thanks!

Tom Hood's comment, June 4, 2013 9:35 AM
I love Rita's work and this is a great read. Her big idea that competitive advantage is fleeting is on point. The way she recommends dealing with it to become systematic about innovation and she offers a "playbook" framework. I agree with Christopher's caution about not changing for change's sake. Thanks!
Suchitra Mishra's curator insight, July 1, 2013 11:42 PM

Brilliant insights. Need to read this before reviewing/creating your organizational strategy

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Why We Hate HR: It's Often A Problem of Professional Development

Why We Hate HR: It's Often A Problem of Professional Development | Human Capital & Business Trends | Scoop.it
Why We Hate HR? Research shows it's not a problem with the people, but rather a need for HR professional development.
Tony Brugman (Bright & Company)'s insight:

HR is not 'broken' but in the middle of a big transformation. Great blog post by Josh Bersin.

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Gary Johnsen's curator insight, August 27, 12:28 PM

Josh Bersin post on how HR is changing vs. broken

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CEOs' Top Challenges - GLF 2014|2015

According to The Conference Board CEO Challenge 2014, Human Capital continues to be the top challenge for the top of the house. Four of the ten strategies to address this challenge focus on leadership. Read more about addressing the CEO's top challenge.
Tony Brugman (Bright & Company)'s insight:

Interestingly, most leaders do not consider themselves (very) prepared to the most pressing challenges ahead (Human Capital, Customer Relationships, Innovation and Operational Excellence).

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Why Managers and HR Don’t Get Along

Why Managers and HR Don’t Get Along | Human Capital & Business Trends | Scoop.it

Have you ever noticed how ambivalent line managers are about the Human Resources function? On one hand, most of them want their HR people to be involved in key strategic decisions; on the other, they want to make sure that whatever they do is not perceived as an “HR program.” Managers often rely on their HR partners to help them build an effective team, but then chafe at them for forcing them to “follow the process.” The bottom line, as Ram Charan argued in his recent HBR article, is that many line managers are disappointed in their HR people.

Tony Brugman (Bright & Company)'s insight:

And Reply No.3 on Ram Charan provocative HBR article to split up HR is from Ron Ashkenas, titled 'Why Managers and HR Don’t Get Along'.

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DDI Blog | Leadership at the Heart of World Cup Loss | DDI

DDI Blog | Leadership at the Heart of World Cup Loss | DDI | Human Capital & Business Trends | Scoop.it

As leadership practitioners, we all know that we can learn from positive as well as negative models. The way that the CBF (the Portuguese acronym for the Brazilian Football Federation) is handling the crisis is a case in point of what not to do to improve performance.

Tony Brugman (Bright & Company)'s insight:

Still remember World Cup 2014? Some Leadership Lessons Why Brazil Lost the Game (and the Cup).

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A New Way Of Working And Learning: Adidas Style

A New Way Of Working And Learning: Adidas Style | Human Capital & Business Trends | Scoop.it
At the Germany-based Adidas Group, management believes that learning should be “light, desirable, and fun.” That’s according to Matthias Malessa, the company’s Chief Human Resources Officer and one of the pioneers of a brand new, innovative learning and development platform that debuts today. The Adidas Group has more than 51,000 employees globally, [...]
Tony Brugman (Bright & Company)'s insight:

Interesting good practice on Learning & Development at Adidas: "We believe that 80% of learning happens informally." Adidas' New Way of Learning approach (called The Adidas Learning Campus) gets a lot inspiration from the model of MOOCs.

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Humans Need Not Apply - YouTube

Discuss this video: http://www.reddit.com/r/CGPGrey/comments/2dfh5v/humans_need_not_apply/ http://www.CGPGrey.com/ https://twitter.com/cgpgrey ## Robots, Etc...
Tony Brugman (Bright & Company)'s insight:

Great 15 minutes of video by CGP on the Impact of Robots and Technology on Human Jobs! Recommended to watch!

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What It Will Take to Fix HR

What It Will Take to Fix HR | Human Capital & Business Trends | Scoop.it
The CHRO role is where the CFO role was 30 years ago.
Tony Brugman (Bright & Company)'s insight:

Great reply by two experts from Deloitte on the provoking HBR article earlier this month of Ram Charan (http://hbr.org/2014/07/its-time-to-split-hr/ar/1). He argued that HR should bee split into two parts: administration and talent strategy.

 

According to the authors from Deloitte, a better solution is to recalibrate the role of the CHRO and make a shift within HR, because "he solution resides in CHROs and the teams that support them":

- Focus most on where strategic value is created

- Recalibrate and reskill HR to ensure its relevancy

- Bring on the quants

- Rethink the division of labor

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Tony Brugman (Bright & Company)'s curator insight, July 30, 4:25 PM

Part of interesting HBR blog article by two Deloitte experts, in reaction to Ram Charan's HBR article earlier this month to split up HR.

Gary Johnsen's curator insight, July 31, 9:32 AM

Good discussion on the future and place of HR in business

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Home, hacked home

Home, hacked home | Human Capital & Business Trends | Scoop.it
ONE NIGHT IN April a couple in Ohio was woken by the sound of a man shouting, “Wake up, baby!” When the husband went to investigate, he found the noise was...
Tony Brugman (Bright & Company)'s insight:

Good piece The Economist, with special report on Cyber-security, focusing on the dangers of Internet of Things especially at home. Tech giant Cisco calculated that we will have 50 billion (!!) devices with online connections by 2020. Making the need for better security in connected devices even more important!

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Getting Fired for the Right Reasons

Getting Fired for the Right Reasons | Human Capital & Business Trends | Scoop.it
Effective leaders focus on powerful possibilities, not problems.
Tony Brugman (Bright & Company)'s insight:

Good blog Strategy+Business on Leadership. Great example of a leader showing the courage to do what’s right and without having fear of repercussions or whatsoever. "Look risk in the face, shrug it off, and get on with what needs to be done."

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Reflecting on Work Improves Job Performance — HBS Working Knowledge

Reflecting on Work Improves Job Performance — HBS Working Knowledge | Human Capital & Business Trends | Scoop.it
New research by Francesca Gino, Gary Pisano, and colleagues shows that taking time to reflect on our work improves job performance in the long run.
Tony Brugman (Bright & Company)'s insight:

Interesting new research by Harvard Business School, saying taking 'time-outs' at work will improve your job performance. Researcher Francesca Gino explains as follows: "When we stop, reflect, and think about learning, we feel a greater sense of self-efficacy. We're more motivated and we perform better afterward."

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Strategic principles for competing in the digital age | McKinsey & Company

Strategic principles for competing in the digital age | McKinsey & Company | Human Capital & Business Trends | Scoop.it
Digitization is rewriting the rules of competition, with incumbent companies most at risk of being left behind. Here are six critical decisions CEOs must make to address the strategic challenge posed by the digital revolution. A McKinsey Quarterly article.
Tony Brugman (Bright & Company)'s insight:

Great piece by McKinsey on the impact of digitization on transformation of organisations. Digitization transforms industries: companies face 7 forces and trends that redefine the world of business; therefore organisations need to rethink their strategy involving 6 important decisions to make.

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Eight Must-Have Competencies for Future Leaders

Eight Must-Have Competencies for Future Leaders | Human Capital & Business Trends | Scoop.it

Leaders tomorrow will succeed with a different skill set than that of today’s best. Smart leaders will spot the mid-career folks with greatest potential to become those outstanding future executives.


Via Kenneth Mikkelsen
Tony Brugman (Bright & Company)'s insight:

Good Linkedin blog on Leadership stating that the Fundaments of Leadership will never change: "While leaders tomorrow will need these capacities to adapt to a turbulent world, the fundamentals of leadership will not change. The reason: leadership relies on mobilizing human skills. Always has. Always will."

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Kenneth Mikkelsen's curator insight, July 3, 5:16 AM

In the June 2014 Harvard Business Review hiring guru Claudio Fernández-Aráoz says to spot those with high leadership potential look for four abilities:


  • Openness and curiosity
  • Recognition of new possibilities
  • Persuasion
  • An unstoppable drive


Daniel Goleman adds a few more distinguishing competencies  that set star leaders apart from mediocre:


  • Strategic Orientation – being able to think analytically and come up with a strategy.
  • Market insight – understanding the market and the business.
  • Results Orientation – the drive to achieve results through constant improvement as assessed by sound metrics.
  • Customer Impact – passion for pleasing customers and clients.
  • Collaboration and influence – working well with others, including influencing those not in one’s line of command.
  • Organizational Development – developing strengths for the company by recruiting, retaining, and developing future leaders.
  • Team Leadership – Building winning groups.
  • Transformation Leadership – leading the way toward new goals.
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MOOCs Won’t Replace Business Schools — They’ll Diversify Them

MOOCs Won’t Replace Business Schools — They’ll Diversify Them | Human Capital & Business Trends | Scoop.it
New data from Wharton suggests MOOCs are helping business schools reach new audiences.
Tony Brugman (Bright & Company)'s insight:

The rise of MOOCS: Foreign students choose 78% of the times for Online Business Courses in comparison to 14% who choose an Executive MBA.

 

"MOOCs are undoubtedly disrupting higher education. Business schools will need to strategically adapt to changing circumstances. But (it) may not necessarily be (a) threat, it looks more like an opportunity."

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How to Tell a Great Story

How to Tell a Great Story | Human Capital & Business Trends | Scoop.it
We tell stories to our coworkers and peers all the time — to persuade someone to support our project, to explain to an employee how he might improve, or to inspire a team that is facing challenges. It’s an essential skill, but what makes a compelling story in a business context? And how can you improve your ability to tell stories that persuade?
Tony Brugman (Bright & Company)'s insight:

Great tips on Storytelling! Some simple principles to remember:


Do:

* Consider your audience — choose a framework and details that will best resonate with your listeners.

* Identify the moral or message your want to impart.

* Find inspiration in your life experiences.

 

Don’t:

* Assume you don’t have storytelling chops — we all have it in us to tell memorable stories.

* Give yourself the starring role.

* Overwhelm your story with unnecessary details.

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Introducing the Global Leadership Forecast 2014-2015

Introducing the Global Leadership Forecast 2014-2015 | Human Capital & Business Trends | Scoop.it

It’s been a labor of love, and we are thrilled to introduce the 2014|2015 Global Leadership Forecast (GLF), a massive DDI and Conference Board study. Our intent when we started the project over a year ago was to produce comprehensive and insightful research on leadership. Not an easy task given the dozens of studies that vie for your attention.

Tony Brugman (Bright & Company)'s insight:

New research on Strategy, Leadership and HR: the DDI Global Leadership Forecast 2014|2015 is Out! (in cooperation with Conference Board)

 

The report gives answers to the following questions:

* What's Keeping CEO's Up at Night?
* Are Leaders Ready to Deliver?
* The New Role of HR
* What do Leaders Need in Order to Improve?
* What's Holding Them Back?
* What Happens When Organizations Get it Right?

 

Find all the insights here: http://www.ddiworld.com/glf2014

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Do Not Split HR – At Least Not Ram Charan's Way

Do Not Split HR – At Least Not Ram Charan's Way | Human Capital & Business Trends | Scoop.it

Ram Charan’s recent column “It’s Time to Split HR” has created quite a stir. He argues that it’s the rare CHRO who can serve as a strategic leader for the CEO and also manage the internal concerns of the organization. Most CHROs, he says, can’t “relate HR to real-world business needs. They don’t know how key decisions are made, and they have great difficulty analyzing why people—or whole parts of the organization—aren’t meeting the business’s performance goals.“

Tony Brugman (Bright & Company)'s insight:

Reply No.2: HR-guru Dave Ulrich responds to Ram Charan's HBR article to Split Up HR...

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Technology, Aided by Recession, Is Polarizing the Work World

Technology, Aided by Recession, Is Polarizing the Work World | Human Capital & Business Trends | Scoop.it
Routine tasks that follow well-defined procedures are especially likely to be taken over by computers, and the recession has sped this process up.
Tony Brugman (Bright & Company)'s insight:

Interesting NYT article: How Technology and Recession Quickly Transform the Labour Market.

 

"Over the very long run, technological progress is good for everybody, but over shorter time horizons, it’s not that everybody’s a winner."

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The World in 2025

This paper is a compilation of 10 innovation predictions for the world in 2025, based on research done by Thomson Reuters analysts using the company’s patent and scientific literature solutions. 


Via Kenneth Mikkelsen
Tony Brugman (Bright & Company)'s insight:

Interesting trend report on 10 High-Impact Innovations that will shape the World in 2025 by Thomson Reuters.

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Kenneth Mikkelsen's curator insight, July 13, 2:37 PM

What will be the major innovations

impacting our world in 2025? Read on to find out. 

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The rise of the digital bank | McKinsey & Company

The rise of the digital bank | McKinsey & Company | Human Capital & Business Trends | Scoop.it
As European consumers move online, retail banks will have to follow. The problem is that most banks aren’t ready. A McKinsey & Company article.
Tony Brugman (Bright & Company)'s insight:

Nice insights on the change of traditional retail-banking towards more digital banking. One of the key factors for success is how you will address people issues, because "no amount of technology will help if you don’t address the people issues driven by digital":


* Set the right structure and incentives

* Increase the focus on business outcomes, not digital activity

* Formulate and implement a people vision

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Robots will take over middle-class professions, says minister - Telegraph

Robots will take over middle-class professions, says minister - Telegraph | Human Capital & Business Trends | Scoop.it
David Willetts, the university minister, suggests high-level professions are more likely to be taken over by computers than those that involve apparently simple tasks such as making a cup of tea
Tony Brugman (Bright & Company)'s insight:

Short story on the Think Tank event "The Rise of the Robots" in Britain earlier July. The minister said that it will lead to "dramatic changes in the pattern of work", both in numbers as in other challenges. "You think that beating a grand master at chess must be a harder challenge, but giving a cup of tea to a little old lady is a bigger IT robotics challenge than doing chess."

 

Full video and audio report of this event here: http://www.policyexchange.org.uk/modevents/item/rise-of-the-robots-what-skills-will-we-need-in-the-future-economy-and-how-do-we-get-them

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Nine HR Policies That Drive Good People Away

Nine HR Policies That Drive Good People Away | Human Capital & Business Trends | Scoop.it

There is a particular, awful feeling you get working in a company that is sinking. You can tell the minute you walk in the door that the energy is off.  If you pay attention to the vibe you get on a job interview, you’ll know when a company is broken. People don’t look you in the eye. No one wants to be there, but you might take the job regardless if you’re out of other options.


Via Kenneth Mikkelsen
Tony Brugman (Bright & Company)'s insight:

What kills a company? Incompetence and fear! Read the 9 'fear-based' HR policies that will 'scare' people away...

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Why Business Strategy is Changing

Why Business Strategy is Changing | Human Capital & Business Trends | Scoop.it

A shift in strategic thinking is underway as boards come to realise that they must respond faster to the changes shaping the global marketplace. The old notion of a set five-year plan has been transformed by the use of more emergent strategies, where assumptions about the future are tested more frequently and, if a new direction is needed, the business is fluid enough to be able to adapt quickly.

 


Via Kenneth Mikkelsen
Tony Brugman (Bright & Company)'s insight:

Nice expert discussion on strategy and change. "If CEOs delude themselves about the need to adapt, strategies will fail."

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David Hain's curator insight, July 3, 7:40 AM

The future is emergent - agile business recognise this and change tack faster and with more empowerment.

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2014 HR Service Delivery and Technology Survey Results

2014 HR Service Delivery and Technology Survey Results | Human Capital & Business Trends | Scoop.it
Towers Watson's 2014 HR Service Delivery and Technology Survey, our 17th annual survey, closed with 1,048 respondents from across 45 countries having participated.
Tony Brugman (Bright & Company)'s insight:

Findings from the latest Towers Watson HR SDT Survey: 

* Three key themes emerge from this survey: making smart investments, balancing efforts and managing change effectively.

* HR is finding balance. Future initiatives will address HR function and organization capabilities.

* HR technology spending continues to be strong.


Also interesting is the high rise in adoption of SaaS solutions, where even 40% are only considering SaaS-based solutions for their HRM systems.

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Management theory was hijacked in the 80s. We're still suffering the fallout

Management theory was hijacked in the 80s. We're still suffering the fallout | Human Capital & Business Trends | Scoop.it

We know what makes companies prosper in the long term. They manage themselves as whole systems, look after their people, use targets and incentives with extreme caution, keep pay differentials narrow (we really are in this together) and treat profits as the score rather than the game. And it's a given that in the long term companies can't thrive unless they have society's interests at heart along with their own.

 


Via Kenneth Mikkelsen
Tony Brugman (Bright & Company)'s insight:

Great read on Good Governance and (What went wrong in) Management! Brought to you in 2012 by The Guardian.

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Kenneth Mikkelsen's curator insight, July 5, 1:27 PM

Good governance went out of the window when the Chicago school's reductive view of human nature took hold.

Erwan Hernot's curator insight, July 6, 12:26 PM

Top managers and shareholders on one side and employees on the  other. Think it's past history (before the  fall of the Berlin Wall) ? Wrong. We're still in it.

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Jeremy Rifkin: Intelligent technology and the future of human labour

Jeremy Rifkin: Intelligent technology and the future of human labour | Human Capital & Business Trends | Scoop.it

Earlier this month, I spoke to Jeremy Rifkin about his new book, The Zero Marginal Cost Society. Our conversation ranged widely over many of the book’s central arguments, particularly those concerning the transition, driven by new information technologies, from a capitalist market economy to what Rifkin calls the “Collaborative Commons”. We ended with a brief discussion of the future of work. In the following guest post, Rifkin discusses in more detail the implications of the ”wholesale substitution of intelligent technology for mass wage labour and salaried professional labour.”


Via John Lasschuit ®™, Alexander Crépin
Tony Brugman (Bright & Company)'s insight:

Science Fiction or Reality? According to this new book the rise of Intelligent Technology will create a 'near zero marginal cost society'. Interesting stuff on the Future of Work.

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John Lasschuit ®™'s curator insight, May 29, 1:30 PM

By Jonathan Derbyshire - The world of ideas.
#labour #future