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Talent and Performance Development
Making sense of performance and talent development systems to create & sustain high performance in organizations. For the BEST of the BEST curated news in performance, change, agile learning, innovation, motivation, social media and careers, SUBSCRIBE to Reveln.com/Tools/
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Scooped by Deb Nystrom, REVELN
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Business & Talent Building: Problems With Incubators, and How to Solve Them

Business & Talent Building: Problems With Incubators, and How to Solve Them | Talent and Performance Development | Scoop.it

"Financing isn't success, and office space isn't value...  there are over 7,500 business incubators around the world. Most of them fail."



The first business incubator in the U.S. opened in 1959 and is still operating. In the last couple of years, we have seen a renaissance in the incubator business. Pioneered by YCombinator, Silicon Valley's flagship incubator led by Paul Graham, incubators have come back with a vengeance.


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...incubators ...need to overcome two pitfalls: they need to provide real value, not just office space, and they need to measure success in more than just outside funding.

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YCombinator has seen some significant successes...[and] has fueled ...an incubator bubble.... Incubator are now a global phenomenon, and there isn't a major city in the world where an incubator isn't cropping up.


For incubators to live up to their full economic potential, they need to overcome two pitfalls: they need to provide real value, not just office space, and they need to measure success in more than just outside funding.

Deb Nystrom, REVELN's insight:

A management quote I have adapted seems to fit here: "If it can be measured with the right measures at the right time with the right tools and by the right people, it can lead to new productivity, motivation and high performance."  

Ownership of good data can power incubator success, entrepreneurial spirit and innovation.  ~  Deb

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Rescooped by Deb Nystrom, REVELN from Innovation & Institutions, Will it Blend?
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Innovation vs. Measurement & Systems: Leadership Is Always The Key

Innovation vs. Measurement & Systems:  Leadership Is Always The Key | Talent and Performance Development | Scoop.it

"Think of “win-lose” structures in incentives.  If you can only win if someone else loses, what are the odds of your developing a working relationship grounded in trust?"

Trust:

Strong leadership can recognize “win-lose” structures or norms and work to eliminate them.  It seems obvious that leadership drives trust, not systems.


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Without ...systems ...built to allow for ...individual and group failure, risk will always be a negative organizational value. 


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DIVERSITY:      . . . of people, points of view, ideas, ethics, and beliefs.  Diversity is what drives and powers iteration, constant challenge, testing, playing, and randomness. Strong leadership will drive (or diminish) diversity much more profoundly than will the most deeply embedded systems.  


RISK:     Risk tolerance and the attractiveness of rapid iteration are the hallmarks of innovative organizations.  Without operational systems that are built to allow for and to contextualize individual and group failure, risk will always be a negative organizational value.


...Should you be thinking a little more about how you encourage and foster strong leadership, and a little less about your systems of measurement and evaluation.?  You might be surprised by where this reflection will take you.

Deb Nystrom, REVELN's insight:

This is also shared here via Performance and Talent Development because of the theme of leadership above performance systems, and leadership to build an innovation, adaptive culture that trumps traditional measurement practices. ~  D

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Deb Nystrom, REVELN's curator insight, July 5, 2013 5:20 PM

The venture capitalist who wrote this post has a view I share on putting measurement and evaluation within the right context, including a certain tolerance for enough risk-taking to help organizations be adaptive and "anti-fragile." ~  Deb