In celebrating the successes of startups, let's make sure we don't ignore some harsh realities
Behind all the rosy proclamations about startups lies a less-talked-about reality: many fail after only a few years, and those that do survive often stay small or continue to struggle. The jobs they do create may, in effect, be offsetting the jobs being lost at other startups. Startups may not be the almighty "wealth creators" they are cracked up to be.
The changes taking place in China today present golden opportunities for companies inside and outside the country's borders
For anyone following the news these days, the word "China" may bring to mind an imploding steel industry, or maybe visions of big-ticket purchases by wealthy Chinese businessmen. But those two-dimensional portrayals fall short of conveying the complexity of the changes taking place in the country today. Here are four ways that China is changing, and what this means for you.
Africa's energy debates can generate more heat than light. Follow this advice for a light-bulb moment.
Rahnema Alavi, Ahmad
When thinking about the business problems you are trying to address, don't approach them based on the way you live. You have to think about the way the end users live, what their actual needs are, and how many issues are interrelated. After all, it's their reality, not yours, that ultimately matters.
You can't control innovation, but you can learn to maneuver it.
Van de Ven, Andrew
At the close of the latest Olympics, it is worth revisiting a lesson from a former gold medalist, Franz Klammer, who once attributed his success at the 1976 Winter Games to skiing "out of control." As managers, we may have to learn to let go and simply "go with the flow," as risky, messy and complex as that may be.
Apple developing a car illustrates the possibilities that emerge when different trends merge to shake up an established industry.
Why would Apple enter an industry whose returns are dismal compared with Apple's and which is not even related to consumer electronics? Speculation as to Apple's reasoning reveals some keys for any company considering a similarly bold move into uncharted territory.
When you find yourself caught in a sandstorm, you need to draw upon different resources, both in yourself and in your teams.
To counteract negative impulses, I find it helps to activate positive emotional states. Positive emotion doesn't mean putting on a happy face. It means being grounded, centered or calm. You are fully engaged. More than anything, it means finding a sense of meaning and higher purpose in what you are doing.
A healthy economy needs a strong, relevant industrial base. What are the operations and strategies to get there?
Europe does have industrial champions, which we at IESE have had the privilege of singling out through our participation in the annual Industrial Excellence Award. Having studied the operations and strategies of dozens of industrial companies since 2009, we've gleaned some lessons from these champions about the management keys for competitiveness.
Before joining a board, ask yourself these four questions to see if you are up to the task.
After close to 20 years and many mandates in listed, non-listed and family-controlled companies, I continue to ask myself: Do I do my job as an independent director well? To be practical, I ask myself four questions, which are not as simple as they seem. You could answer them as "yes" or "no," but if you really want to be honest about your directorship, "yes" or "no" aren't very helpful.
Internationalization calls for the global mindset that is frequently found in the next generation of leaders
Pin Arboledas, José Ramón
By 2020 an estimated half of the global workforce will be made up of Millennials. This reality will not have escaped the attention of HR departments, which face several challenges in managing the particular demands of this generation in light of the following internationalization issues.
At the start of the 21st century, income distribution, both nationally and internationally, is becoming a major concern.
After decades of decreased inequality (at least in Western countries following World War II), we're now seeing the pendulum swinging the other way. Even if you aren't personally feeling the crunch, it's important to understand what this inequality means for the health of our economies.