Business Insight for MBAs and Managers

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Content added in the week ending December 15, 2015

  Contents

Articles

Getting More Value from Joint Ventures » Visit Original Source

Joint ventures can be an effective way to enter new markets, gain expertise, increase production capabilities, and expand distribution. Given these potential benefits, it’s no wonder that these partnerships have regained popularity. But despite their advantages, they often fail to deliver value. BCG’s research into what it takes to succeed revealed eight important lessons. … [ Read more ]

Authors: Alex Dolya, Alexander Roos, Dinesh Khanna, Gaurav Nath, Nikolaus Lang, Sharad Verma, Tawfik Hammoud | Source: Boston Consulting Group (BCG) | Subjects: Management, Mergers & Acquisitions, Strategy

Three Keys to Retaining High Potential Employees » Visit Original Source

Around 25 percent of top-performing employees intend to leave their jobs — even in today’s economy! Your company’s future effectiveness depends on retaining top talent at all levels of the organization, and so you better make sure you get it right. … [ Read more ]

Author: Joseph A. De Feo | Source: Chief Executive | Subjects: Human Resources, Management, Organizational Behavior

Performance Can’t Be Measured by Company Growth Alone » Visit Original Source

When setting priorities it is helpful to distinguish between absolute and relative performance. Absolute performance sets the minimum requirements — are you in the red or black, are you growing or contracting? Relative performance, expressed in percentile rankings, tells you where you have the most room for improvement and sets an upper bound on what is reasonable for you, given how well you’re already performing … [ Read more ]

Author: Michael E. Raynor | Source: Harvard Business Review | Subject: Management

The 10 Principles of Organizational DNA » Visit Original Source

This year marks the 10th anniversary of our work on organizational DNA. Since our first article in 2004, we’ve analyzed more than 220,000 online surveys in which people describe their company’s personality and performance. Amid the turbulence of changing business environments and personnel, 10 precepts have remained useful, for empowering people and unlocking any organization’s potential. … [ Read more ]

Authors: Gary L. Neilson, Jaime Estupiñán | Source: strategy+business | Subject: Organizational Behavior

Four Ways to Improve Your Pay-for-Performance Plan » Visit Original Source

For all the talk about creating better incentive plans for employees, many proposed ideas are still off the mark. One reason is that managers tend to ignore insights from academic research, while academics do not always focus on practical applications. Chicago Booth Clinical Professor Michael J. Gibbs offers insights that bridge academic and practical perspectives. … [ Read more ]

Authors: Michael Gibbs, Vanessa Sumo | Source: Capital Ideas | Subjects: Human Resources, Management, Organizational Behavior

Do Carveouts Make Sense? » Visit Original Source

Yes, but not for the reasons you might think. … [ Read more ]

Authors: André Annema, Marc H. Goedhart, William C. Fallon | Source: McKinsey Quarterly | Subject: Finance

Iván Marinovic: Why Honest Job Appraisals Can Be Bad for Business » Visit Original Source

Honesty isn't always the best policy when it comes to performance reviews. … [ Read more ]

Authors: Edmund L. Andrews, Iván Marinovic | Source: Stanford University | Subjects: Human Resources, Management, Organizational Behavior

Recommended Book

Thinking, Fast and Slow » Visit Original Source

Daniel Kahneman, the renowned psychologist and winner of the Nobel Prize in Economics, takes us on a groundbreaking tour of the mind and explains the two systems that drive the way we think. System 1 is fast, intuitive, and emotional; System 2 is slower, more deliberative, and more logical. The impact of overconfidence on corporate strategies, the difficulties of predicting what will make us happy … [ Read more ]

Author: Daniel Kahneman | Subjects: Organizational Behavior, Personal Development

Market Research Entry

Audio/Video Entry

Jesper Sørensen: How to Be a More Strategic Leader

A professor of organizational behavior explains why strategic thinking is key to taking an idea to the next level. … [ Read more ]

Author: Jesper Sørensen | Source: Stanford University | Subjects: Leadership, Management, Organizational Behavior

Business-related Quotations

Andy Grove » Visit Original Source

Bad companies are destroyed by crisis. Good companies survive them. Great companies are improved by them. … [ Read more ]

Author: Andrew S. Grove | Source: ChangeThis | Subjects: Crisis Management, Management

Unknown

Never mistake a clear view for a short distance. … [ Read more ]

Subjects: Challenge, Management, Vision, Work

Gerd Gigerenzer » Visit Original Source

Just imagine, a few centuries ago, who would have thought that everyone will be able to read and write? Now, today, we need risk literacy. I believe if we teach young people, children, the mathematics of uncertainty, statistical thinking, instead of only the mathematics of certainty – trigonometry, geometry, all beautiful things that most of us never need – then we can have a new … [ Read more ]

Author: Gerd Gigerenzer | Source: Harvard Business Review | Subjects: Decision, Risk Management

Gerd Gigerenzer » Visit Original Source

We need statistical thinking for a world where we can calculate the risk, but in a world of uncertainty, we need more. We need rules of thumb called heuristics, and good intuitions. That distinction is not made in most of economics and most of the other cognitive sciences, and people believe that they can model or reduce all uncertainty to risk. … [ Read more ]

Author: Gerd Gigerenzer | Source: Harvard Business Review | Subject: Risk Management

Patrick Lencioni » Visit Original Source

At its core, all authentic growth depends on more customers wanting more of what your company offers. Any other drivers--pricing gimmicks, heroic marketing efforts, forced acquisitions--are ultimately destructive. … [ Read more ]

Author: Patrick M. Lencioni | Source: Inc. Magazine | Subjects: Growth, Management