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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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Automated, creative and dispersed

Automated, creative and dispersed | Human Capital & Business Trends | Scoop.it
How will the way we work evolve in the coming years? This is a much-debated topic as business leaders observe the current pace of technological change and consider its impact on the future of their organisations. 
Tony Brugman (Bright & Company)'s insight:

New report by Economist Intelligence Unit and Ricoh on the future of work. Key findings are as follows:

 

* In the next decade-and-a-half, digital technology will dissolve the concept of work as we know it.

 

* The growing use and sophistication of automation will shift the emphasis of human employment towards creativity and social skills. 

 

* This new reality of work will require a new, more nurturing approach to management.


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Tomorrow's cities - future of shopping

Tomorrow's cities - future of shopping | Human Capital & Business Trends | Scoop.it
What is the future of shopping and how different will the High Street look in 2020?

Via Miriam Gilbert
Tony Brugman (Bright & Company)'s insight:

Nice interactive infographic by BBC (article from October last year) on shopping in the year 2020. According to the article, trends include 3D printing, robot assistants, facial recognition, smart labels, and on-demand delivery by drones.

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Miriam Gilbert's curator insight, March 12, 7:13 AM

The pace of change is increasing dramatically and will impact on every day activities - even mundane ones like shopping. Many thought that the advent of online shopping will spell the end of the high street - why would you want to traipse around busy shops if you could buy in the comfort of your own home? But that prediction ignores the fact that many people enjoy certain aspects of shopping - one of them is getting out of their homes!

 

This interactive website by the BBC looks at a number of aspects of how technology will change how we perform the national pastime of "shopping" in 2020 - and many of the predictions are already reality:

- we have contactless payments on the London Tube, 

- we click and collect orders our groceries, ebay purchases and a myriad of other items

-  supermarket shelfs in Seoul are stacked by robots and smart labels help suggesting the best wine to go with the ingredients in your basket.

 

But it's not all positive: what about invasion of privacy? How can we stay in control (or even gain control in the first place) of our private data?

These are questions that require debate, and we better start now!

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Innovations in youth hiring

Innovations in youth hiring | Human Capital & Business Trends | Scoop.it
Across the United States, small businesses are developing innovative strategies to hire and upskill young workers in ways that are both good for business, and that reduce the unemployment hardships that disproportionately impact disadvantaged young people. 
With support from The Rockefeller Foundation, The Economist Intelligence Unit conducted a nation-wide search to identify creative youth-hiring models and approaches embraced by small businesses.
Tony Brugman (Bright & Company)'s insight:

Three inspiring and innovative good practices in regard to recruitment of (young) talent by The Economist and The Rockerfeller Foundation.

 

The three case studies include serious gaming, a scholarship-based contract program and the involvement of military veterans, all resulting in great results.

 

Great workplace innovations!

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Loyal Cheaters: When Organisations Promote Wrongdoing

Loyal Cheaters: When Organisations Promote Wrongdoing | Human Capital & Business Trends | Scoop.it
Every now and then we hear news about employees who are engaged in wrongdoing of various kinds, usually harmful to customers and employees. The most spectacular have been financial frauds, as when traders lose money while performing trades that break the internal rules of their banks. We often think of such wrongdoing as being the result of greedy employees acting against their company, but is that really the right story?
Tony Brugman (Bright & Company)'s insight:

What do Nick Leeson (convicted for $1.4 billion excessive trading loss at Barings) and Lance Armstrong (lost his Tour de France wins after doping use investigation) have in common? They 'cheated' their way to the top. Not necessary for themselves, but for their team and organisation instead.

 

Says this interesting INSEAD article, quoting a forth-coming research article on the relation between cyclists, drug-use and their role in the organisation.

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Forget the Vision, Make the Connections

Forget the Vision, Make the Connections | Human Capital & Business Trends | Scoop.it
Executives in transition often spend too little time on what matters most: building relationships.
Tony Brugman (Bright & Company)'s insight:

Good piece on leadership by Strategy+Business! The blog post author quotes leadership expert Mindy Hall and author of the recent book 'Leading with Intention'.

 

In her research, Hall found that new leaders focus on achieving tangible performance first (establishing credibility), working on a clear vision next (for future success) and preparing the team for execution.

 

"This approach misses an essential first step. The effort they devote to forming meaningful connections with the people in the organization is almost an afterthought." Hall argues making these connections requires to become more intentional as a leader. She also gives some guidelines and approaches of how to behave like an intentional leader.

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Robots make themselves at home - YouTube

Robots are creeping into our homes. They are hoovering, cleaning floors and washing windows as well as cooking food. Tanya Powley looks at why robotic device...
Tony Brugman (Bright & Company)'s insight:

Nice video by Financial Times on the latest trends and developments in robots in our home environment. From chef cook robot arms to eye-movement controlled devices. The future will never be the same. 

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Google doesn't care where you went to college

Google doesn't care where you went to college | Human Capital & Business Trends | Scoop.it
Laszlo Bock, Google's Head of People Operations, says experience has taught him that it's not just the Ivy League, but that there's exceptional kids at many other places, from state schools in California to New York.
Tony Brugman (Bright & Company)'s insight:

Wanna work at Google? Laszlo Bock explains at CNN Money what the company is looking for:

 

1. General Cognitive Ability: Problem solving skills

2. Emergent Leadership: Stepping in and taking initiatives and stepping out of the way to make room for others

3. "Googleyness": Cultural fit (but still different people)

4. Intellectual Humble and Conscientious: People who think like owners not employees

 

P.S. Laszlo Bock wrote a new book "Work Rules" about people management at Google and what others should do. More articles in this Scoop.it feed coming up.

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Culture: Why It's The Hottest Topic In Business Today

Culture: Why It's The Hottest Topic In Business Today | Human Capital & Business Trends | Scoop.it
Culture is the new black. Why is it such an important new topic in business and how do we define it?
Tony Brugman (Bright & Company)'s insight:

Josh Bersin wrote a good-to-read overview article on culture (about the definition, the importance and role in the organisation, and how we can build a good one). I like the examples of culture-driven companies (eg. Zappos, Netflex, Salesforce, ISMS)

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Reinventing Performance Management

Reinventing Performance Management | Human Capital & Business Trends | Scoop.it
How one company is rethinking peer feedback and the annual review, and trying to design a system to fuel improvement

Via HR Trend Institute
Tony Brugman (Bright & Company)'s insight:

Great article by Marcus Buckingham (author of StandOut, and evangelist of the strength-based talent approach) and Deloitte on changing the way we look at performance and redesigning performance management systems.

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The Changing Nature of Middle-Class Jobs

The Changing Nature of Middle-Class Jobs | Human Capital & Business Trends | Scoop.it
The types of jobs that pay middle-class wages have shifted since 1980. Fewer of these positions are in male-dominated production occupations, while a greater share are in workplaces more open to women.
Tony Brugman (Bright & Company)'s insight:

Cool interactive infographics by New York Times on the changes and developments in American Middle-Class Jobs.

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The definitive guide to whether or not a robot will take your job

The definitive guide to whether or not a robot will take your job | Human Capital & Business Trends | Scoop.it
Lost in the debate over automation and labor markets? Look no further.
Tony Brugman (Bright & Company)'s insight:

Nice resource on the impact of robots on the future of work, by the people at Wonkblog of the Washington Post. A long list of articles and studies "on all sides of the debate". From "Robots are taking our jobs" to "Robots are not the main problem".

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Your New Robot Colleague Will Make You Richer, More Productive

Your New Robot Colleague Will Make You Richer, More Productive | Human Capital & Business Trends | Scoop.it
Robots are coming and it may not be a bad thing for most workers.
Tony Brugman (Bright & Company)'s insight:

Will the rise of robots certainly cause higher unemployment rates? No says researchers from London School of Business and Uppsala University.

 

A new study of 17 countries published this month found the introduction of robots to the workplace increased economic growth by 0.37 percentage points and labor productivity by a similar margin.

Moreover, overall employment did not suffer from the use of robots. (Although the researchers said robots can crowd out hiring of low-skilled and some middle-skilled workers.)

 

Read the full study paper here:

http://www.scribd.com/doc/258387612/dp1335

 

Or download the paper here:

http://cep.lse.ac.uk/pubs/download/dp1335.pdf

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Human Capital Trends 2015 | Deloitte

Human Capital Trends 2015 | Deloitte | Human Capital & Business Trends | Scoop.it
Deloitte's Human Capital Trends survey of leaders from around the world identifies the critical trends shaping the HR agenda.
Tony Brugman (Bright & Company)'s insight:

Updated and renewed trend report by Deloitte and Bersin on Human Capital. Read the introduction and research overview here:

http://dupress.com/articles/introduction-human-capital-trends-2015/

 

"The new world of work presents organizations with challenges that require a new playbook—one that makes HR more agile, forward thinking, and bolder in its solutions."

 

This year's 10 Global Human Capital Trends are:

1. Leadership: Why a perennial issue?

2. Learning and development: Into the spotlight

3. Culture and engagement: The naked organization

4. Workforce on demand: Are you ready?

5. Performance management: The secret ingredient

6. Reinventing HR: An extreme makeover

7. HR and people analytics: Stuck in neutral

8. People data everywhere: Bringing the outside in

9. Simplification of work: The coming revolution

10. Machines as talent: Collaboration, not competition

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The 5 Requirements of a Truly Innovative Company

The 5 Requirements of a Truly Innovative Company | Human Capital & Business Trends | Scoop.it

"Over the past two decades, we’ve led dozens of innovation projects and have talked to thousands of managers about the challenge of building a high-performance innovation “engine.” What we’ve observed is that in most organizations, the innovation power­train is missing several critical components."


Via David Hain
Tony Brugman (Bright & Company)'s insight:

Great article in HBR by management guru Gary Hamel and Nancy Tennant (VP Whirlpool) on what they call the 'retooling of innovation' in organisations and what is needed to do so successfully.

 

Without spoiling the whole article, in their opinion the requirements include innovation ~ leaders and employees, definition, management process and metrics.

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David Hain's curator insight, May 2, 5:02 AM

Lots of #innovation sense from Gary Hamel & Nancy Tennant

Ian Berry's curator insight, May 3, 1:20 AM

Some good insights. In remarkable workplaces every day innovation is the norm and people are truly empowered like at Nordstrom, the US department store, where they have a rule "Use your best judgement at all times." and there are no other rules

Emilio Ruano's curator insight, May 5, 8:03 PM

Innovation is a culture that must be nourished. Buen artículo sobre las bases para que una empresa sea inovadora en su totalidad.

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Tomorrow's cities. Making urban environments more liveable

Tomorrow's cities. Making urban environments more liveable | Human Capital & Business Trends | Scoop.it
Tomorrow’s cities is an Economist Intelligence Unit report, sponsored by AkzoNobel, which invites a group of urban experts to discuss how cities can create optimal environments for citizens - from social interaction to cultural heritage, transport or green spaces
Tony Brugman (Bright & Company)'s insight:

Report by Economist Intelligence Unit on trends for better and sustainable cities. Articles in the report include the following subjects. How can we make our cities more age-friendly, green, resilient and social? How can we rethink urban technology? And how do we provide enough housing and education?

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The man behind the Apple Watch

The man behind the Apple Watch | Human Capital & Business Trends | Scoop.it
Last year, Apple was the first company to be valued at $700bn. As it makes a bid to enter the luxury market with the 18ct gold Apple Watch, the brand’s British design visionary, Jony Ive, gives a rare interview to Nick Foulkes.
Tony Brugman (Bright & Company)'s insight:

It does not often occur that Jonathan Ive, designer and Senior VP of Design at Apple, gives extensive interviews to the press. This weekend a rare interview appeared in the appendix of Financial Times about the highly anticipated Apple Watch.

 

Ive on the launch of the Apple Watch: "I think Apple’s contribution has always been at its most significant when it’s trying to make personal products. And this watch is clearly the most personal product we've made"

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When the Search for People Skills Backfires

When the Search for People Skills Backfires | Human Capital & Business Trends | Scoop.it
Job ads that specifically seek team players can have the unintended downside of scaring away potential hires with technical rather than collaborative skill sets.
Tony Brugman (Bright & Company)'s insight:

Interesting research (discussed by Strategy&) on the effect of job advertisements in relation to recruiting for skilled employees.

 

According to new research by University of Tuebingen (Germany), "people who positioned themselves as team players were far more likely to apply for positions that required higher levels of group collaboration". On the opposite side, "applicants who were proficient in technical and task-related areas were far less willing to apply for jobs requesting social skills".


The message the researchers give is: "it is recommended that firms should never look for team players just because ‘everyone else is doing so' ", and "when technical skills or specific talents are needed, firms may want to shy away from advertising for team players."

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Rise of HR E-Book

Rise of HR E-Book | Human Capital & Business Trends | Scoop.it

More than ever, leaders of nearly every kind of organization view their human resources teams as essential to institutional well-being and long-term growth and sustainability. That’s the central and animating theme of “The Rise of HR: Wisdom from 73 Thought Leaders,” a new anthology published by the HR Certification Institute in collaboration with Dave Ulrich, Bill Schiemann, and Libby Sartain.

Tony Brugman (Bright & Company)'s insight:

Great free resource. Recommended to download and read!

Ebook with contributions of leading minds in and outside HR, such as Josh Bersin, Wayne Cascio, Lynda Gratton, Libby Sartain, Sue Meisinger, John Boudreau and Dave Ulrich.

 

The ebook contains over 70 essays about "What do HR professionals need to know or do to be effective in today’s and tomorrow’s business world?"


It is an impressive collection of diverse points of view covering a wide range of topics (From strategy and organisation to talent management and HR governance).

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Silicon Valley Star Search

Silicon Valley Star Search | Human Capital & Business Trends | Scoop.it
Daniel Freedman reviews “Insights from Inside Google That Will Transform How You Live and Lead” by Laszlo Bock.
Tony Brugman (Bright & Company)'s insight:

Book review at WSJ on the latest book of Laszlo Bock (Head of People Operations at Google) on the way Google performs People Management, and what other companies can learn from it.

 

Interesting fact: "while Google spends more than most on recruiting, it spends far less on training. Top people need less training. And the lesson for talent is watch to how you’re recruited: It’s an indication of the company’s mind-set and the talent you’ll be working with."

 

Link mirror here: http://bit.ly/1CHvcnj

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5 Myths of Great Workplaces

5 Myths of Great Workplaces | Human Capital & Business Trends | Scoop.it
When we think about extraordinary workplaces, we tend to think of the billion-dollar companies at the top of Fortune magazine’s annual list. We picture a sprawling campus, rich with generous amenities; a utopian destination where success is constant, collaborations are seamless, and employee happiness abounds.

But as it turns out, many of the assumptions these images promote mislead us about what it means to create an outstanding workplace.
Tony Brugman (Bright & Company)'s insight:

Intriguing blog article at HBR.org about 5 misconceptions about 'Great Workplaces'. The author challenges 5 common myths about the "best-in-the-world" places to work (or rather should have named it the "most-perfect" workplaces in theory).

 

Myth 1: Everyone Is Incessantly Happy

Myth 2: Conflict Is Rare

Myth 3: Mistakes Are Few

Myth 4: They Hire for Cultural Fit

Myth 5: Their Offices Are Full of Fun Things

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Gillian Hinton's curator insight, April 20, 4:27 AM

Useful insight into what engages workforces and creates high performance

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The Future of Work: Creating Purpose-Driven Organizations

The Future of Work: Creating Purpose-Driven Organizations | Human Capital & Business Trends | Scoop.it

It's time to change the way we work. I don't mean a revolutionary time management system, or a productivity breakthrough. I'm talking about integrating purpose into the workplace.

 

While "finding your purpose" may sound like a nebulous buzzword, it's actually a viable way to revolutionize organizations and the workforce that powers them.


Via Denis Pennel
Tony Brugman (Bright & Company)'s insight:

Good initiative to create more organisations driven by a culture of purpose! The author believes purpose at work can be found in three categories:

 

1. Creating a positive impact: Make concrete near and long term impact on the world

 

2. Connecting with other people by building meaningful relationships:Work with and help others who appreciate you

 

3. Achieving continued personal growth: Get support toward exploring your personal interest and goals

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Menno Littel's curator insight, March 23, 10:04 AM

Ontwikkeling en relaties worden steeds belangrijker voor medewerkers. Met een mentorprogramma zorgt een organisatie dat beide aspecten ook echt mogelijk en beschikbaar zijn voor de medewerkers. Professionele en persoonlijke groei wordt bereikt door op ontwikkeling gerichte relaties te bouwen. www.mentorkracht.nl 

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Job automation: Speed of innovation could send economies towards stagnation | Oxford Martin School

Job automation: Speed of innovation could send economies towards stagnation | Oxford Martin School | Human Capital & Business Trends | Scoop.it

"The latest Citi GPS Report, Technology at Work: The Future of Innovation and Employment, explores trends in automation and points to sluggish job creation caused partly by increasing automation."


Via Hallie Siegel
Tony Brugman (Bright & Company)'s insight:

A new and must-read report by University of Oxford researchers Carl Benedikt Frey and Michael Osborne in cooperation with Citi GPS on the impact of technology on the Future of Work.

 

Some comments from Frey and Osborne on the new research:

"So far the digital age has not created very many new jobs.  According to our estimates only 0.5% of the US workforce is employed in industries that did not exist at the turn of the century."


 “Predicting the type of new jobs that will emerge is difficult. Nobody in the early 20th century would have predicted many of the jobs and industries we have today, such as software engineer or tourism. (The new jobs) share one characteristic: they are significantly more skilled than most jobs of the past."


Direct link to the report 'Technology at Work: The Future of Innovation and Employment':

http://www.oxfordmartin.ox.ac.uk/downloads/reports/Technology%20at%20Work.pdf

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26 charts and maps that show the world is getting much, much better

26 charts and maps that show the world is getting much, much better | Human Capital & Business Trends | Scoop.it
Poverty is down, literacy is up, and life expectancy is rising.
Tony Brugman (Bright & Company)'s insight:

I have totally missed International Happiness Day (last week). Fortunately, the people at Vox made a nice collection of graphs showing that 'we' are doing better and better and our world is becoming a nice place to live. (Eg. on economic, health, security and technological progress.)

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Companies Led By Moral Bosses Are Actually More Profitable

Companies Led By Moral Bosses Are Actually More Profitable | Human Capital & Business Trends | Scoop.it
Good character is good for business. ...
Tony Brugman (Bright & Company)'s insight:

Interesting study by KRW. Good character also means good business, according to a new study by leadership consulting firm KRW International. The study found a link between a business' performance and the integrity of its CEO.


Firms where employees rated the CEO's moral principles highly performed better than firms whose top executive had a lower character rating. (Employees rated their CEOs on four traits: Integrity, Responsibility, Forgiveness and Compassion)


Read the full article of the study in this month's HBR:

https://hbr.org/2015/04/measuring-the-return-on-character

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Linda A. Hill on the Creative Power of the Many

Linda A. Hill on the Creative Power of the Many | Human Capital & Business Trends | Scoop.it
The Harvard Business School professor explains how leaders can harness collective genius to achieve innovation success.
Tony Brugman (Bright & Company)'s insight:

It's a myth that innovation solely happens when a single genius has a great idea. According to HBS professor Linda Hill most innovations happen through collaboration and unleashing the power of many: collective genius. But what does this mean for innovation leadership?


Her research shows that successful innovation leaders share three capabilities: creative abrasion, creative agility and creative resolution. Or respectively, the abilities to stimulate and manage idea generation, to thoroughly test and refine ideas, and to ultimately make bold decisions.

 

But what is key to reap the success of collective geniuses?

"Innovation really comes from the bottom up. I think the trick is to get leaders to think differently about what their role is. When you let more people play out their passions, you get unbelievable outcomes."

 

Also read last year's article in HBR about this topic: 

https://hbr.org/2014/06/collective-genius

 

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