Posts

Showing posts from May, 2017

4 Ways to Develop the Leaders You'll Need in the Future

Image
One of the most challenging aspects of leadership development is consistently and effectively identifying the next wave of leaders. One of the most challenging aspects of leadership development is consistently and effectively identifying the next wave of leaders. It can be easy for those at the top to forget that eventually someone will have to take their place at the helm. And ignoring that fact has lead to issues with succession planning, unwanted turnover and other challenges in leadership development in many organizations. 2016 High Impact Leadership research from Bersin by Deloitte asked 2,422 HR and business leaders from around the world how well they believed they could discover new leadership talent. Just 35 percent of respondents said they were above average when it came to successfully identifying and developing leaders. To understand why this is, consider the typical leadership development paradox. Traditionally, the first step is to choose who has leadership potential, the…

Mark Zuckerberg Reveals the 5 Strategies That Helped Facebook Grow at an Insane Rate

Image
These moves bring 'move fast and break things' to life. Editor’s Note: In the new podcast Masters of ScaleLinkedIn co-founder and Greylock partner Reid Hoffman explores his philosophy on how to scale a business -- and atEntrepreneur.com, entrepreneurs are responding with their own ideas and experiences on our hub. This week, we’re discussing Hoffman’s theory: if you're not embarrassed by your first product release, you released it too late. Mark Zuckerberg knew some startup would build the largest social network in the world. He just didn’t think it would be Facebook. “It wasn't even a question that I asked—of course it wasn't going to be us.” Yet, living by his famous mantra, “move fast and break things,” Zuckerberg and his team scaled Facebook into social network that today connects 1.8 billion people. But it wasn’t just this quick-moving philosophy that helped Zuckerberg build a multi-billion dollar company. Important strategies and approaches gave the team th…

The 50-Year-Old Business Book You Need to Read (or Reread) Right Now

Image
Management philosopher Peter Drucker called out the five timeless practices of successful leaders in 'The Effective Executive' in 1967.

There aren't a lot of business books from a half-century ago that have stood the test of time, but Peter Drucker's The Effective Executive (Harper Business), now available in a spiffy new 50th Anniversary edition, is one of the select few. In 1967, back before Millennials were a gleam in their parents' eyes, Drucker declared, "The executive is, first of all, expected to get the right things done. And this is simply saying that he is expected to be effective."
Drucker is as relevant today as he was in the latter half of the last century because he approached the study of business like a surgeon. His clarity of thought and language was like a scalpel, which he used to dissect every aspect of management until he had revealed its essence. In The Effective Executive, Drucker applied that scalpel to leadership.
Drucker was con…

3 Reasons to Start Copying Your Competitors Today

Image
You don't have to steal strategies or plagiarize work to learn from your competitors-find out how. I know what you’re thinking. “Copy my competitors? Isn’t that unethical? Isn’t that illegal? I’m not doing that!” But wait—hear me out. I’m not telling you to cleverly steal their marketing plan and duplicate their strategies. I’m not asking you to plagiarize anything. What I’m asking you do is simple. Look around your industry. Watch what’s going on. Study your competition. Follow what works. Why wouldn’t you? Your competitors are selling their wares to the same target market you are. And if what they’re doing is working, you can bet it could work for you too! This is a strategy in itself that can greatly increase the effectiveness of your sales pieces. Here are three excellent reasons to copy your competitors. Learn From Others’ Mistakes Everybody makes mistakes. Unfortunately, even the smallest mistakes in direct mail can be detrimental to your campaign’s success—and costly. When …

Here's How to Watch Mark Zuckerberg's Harvard Commencement Speech Today

Image
The Facebook co-founder will take the stage around 3 p.m. (ET) today. Famous college dropout Mark Zuckerberg will return to his alma mater Harvard today to deliver the 2017 commencement speech. The speech will be live streamed on Harvard’s website, as well as on Zuckerberg’s Facebook page. The Facebook billionaire is set to speak around 3 p.m. (ET). As one of the most highly anticipated commencement speeches of the graduation season, Zuckerberg is coming fully prepared. Months ago, the Facebook co-founder went to Bill Gates, who gave Harvard’s 2007 commencement speech, for some advice. While neither officially graduated from their alma mater, soon Zuckerberg will join Gates in receiving an honorary degree from the school. On top of receiving some wise words from the Microsoft co-founder, Zuckerberg has been sharing a number of videos showing his excitement for the upcoming speech. A few weeks ago, Zuck posted a video of his reaction when he got accepted into Harvard. And on Monday, h…

3 Steps To Break Free From Your Identity Crisis

Image
Authenticity is the key to being other-directed and seeing the value of different perspectives to truly lead inclusively In a previous post, I shared two lines from a negative performance review of an employee whose supervisor wrote: “You challenge my direction too much. You do more than I ask you to do.” The punch line was that the person being reviewed had been hired because she would do those things at the company. Many leaders I shared that review with felt I did not come down hard enough on the supervisor; none thought I was too easy on the employee. But this leader and the countless leaders I have met like him are not causes of the problem with inclusive leadership. They are symptoms. The problem is that most businesses have stripped people of their identities—leaders and employees alike—leading to a leadership identity crisis that infects businesses across America. Evaluating Performance Do you know who you are, what you are known for, stand for and solve for? Most leaders don…

Google's $5,000 Whiteboard Is Now on Sale

Image
The collaborative and smart Jamboard can now be purchased. Google first announced the Jamboard in October last year as a rethink of what a whiteboard should actually be. Rather than a surface you write on with erasable marker pens, Google created a cloud-based, collaborative surface that's a touchscreen display. And now it's available to buy. The Jamboard is squarely aimed at the business market and costs $4,999 including two styluses, an eraser and wall mount. But the costs don't end there. Management and support fees total $300 per year if you buy before Sept. 30, and then increase to $600 per year. If you would like the Jamboard on a rolling stand, that's an extra $1,119 before Sept. 30, or $1,349 after that. A G Suite plan is also required (Business plans cost $10 per user per month). While not cheap, the Jamboard certainly counts as an evolution in whiteboard design. As it's a touchscreen display, you are no longer limited to a single canvas and messy pens. V…

Cybersecurity Lessons From Health IT: 3 Strategies Every Startup Should Follow

Image
Consider how adopting best practices in health IT might inform the culture, predictive capabilities and agility of your startup. If your company's computer network was taken down by hackers, how dramatically do you think that might affect your organization? You could lose not only access to critical financial and communications systems, but also sensitive information about your staff and customers. Now, imagine that that breach directly resulted in personal injury or death because hackers took remote control of an internet-connected medical device. How much more would you stand to lose? (In fact, something similar happened earlier this month with theransomware attack that shut down 16 British hospitals.) That kind of hit to your brand's reputation is every entrepreneur's nightmare -- and one that leaders in healthcare organizations have top of mind these days. While finding inspiration in others' accomplishments is an essential part of an entrepreneur's journey to…

4 Times 'Fail Fast, Fail Cheap' Is the Wrong Advice

Image
Used at the wrong time or taken to an extreme, failing fast and failing cheap can result in significant destruction of value. Editor’s Note: In the new podcast Masters of Scale, LinkedIn co-founder and Greylock partner Reid Hoffman explores his philosophy on how to scale a business -- and at Entrepreneur.com, entrepreneurs are responding with their own ideas and experiences on our hub. This week, we’re discussing Hoffman’s theory: If you're not embarrassed by your first product release, you released it too late. Listen to this week's episode here. When launching a new concept, an unproven idea, it is often more important to get something to market quickly than it is to continue to refine the concept privately. For years, we have advised startups with a new idea to fail fast, fail cheap. One thing we know is that new ideas will almost certainly need to be changed, modified and tweaked based on the market’s reaction before they are ultimately successful. Therefore, don’t spend i…

Ads