By Victor Assad Organizations typically conduct their annual performance reviews and make decisions on merit pay increases and pay adjustments at the end of the year. Employers need to remember that the most effective and innovative teams are built on trust. Executives need to ensure that performance management engenders trust. The performance management discussion [...]
The virus COVID-19 proved Plato was right: crisis is the mother of invention. McKinsey's new report on the Trends that Will Drive 2021 and Beyond identifies a wave of innovation and a new generation of entrepreneurs sparked by the pandemic as one of the expected trends for the new year. Companies that want to be a [...]
Executives have often confided to me that employees’ jobs are difficult enough without having to think of new products and services or better ways of doing their jobs. Besides, they cannot afford to have people lose their focus on this quarter’s numbers for next year’s innovation. But in a crisis, and certainly the COVID19 [...]
I was seated at an innovation conference for lunch, when the Research and Development leader of a major U.S. active sportswear maker told me he had a confession. His organization was successful at creating new ideas, selecting the best ones to advance, and project- managing those ideas, but their innovations often stalled because the organization’s [...]
