As Your Team Gets Bigger, Your Leadership Style Has to Adapt

In the workplace, the strategy used when managing small teams versus managing larger teams can vary vastly. Julie Zhuo, Vice President of design at Facebook slowly started to realize this during meetings when slowly but surely, there were not enough seats for everyone nor was there enough time for everyone individually to present their ideas anymore. As Zhuo’s schedule started to become more hectic and her design team continued to grow she knew she must implement some changes into her management strategies. Zhou had to place much more trust into her employees, accept that perfectionism was not an option anymore and keep communication clear, concise and uplifting to her staff. Although it can be difficult and tedious changing your management strategies will ultimately help the organization massively improve as well, as make yourself a stronger more effective leader. Read More>>

How Much Does Innovation Drive Economic Growth?

Productivity as defined in the article, How Much Does Innovation Drive Economic Growth? is the amount of value a company creates per dollar of investment or hour of worker labor. This has been seen to grow rapidly since the late 1800’s and has been positively reflected through the U.S economic growth. Workweeks and hours for employees are decreasing, while their wages are increasing. However, there is no clear reasoning as to why this productivity in the workforce has developed. Kellogg professor of finance Dimitris Papanikolaou was eager to find out. Innovation is usually measured through the study of patents but, Papanikolaou wanted to take this research a step further and look at the actual context as it compares to the quality of the patent. Through this research, Papanikolaou believes that it will not only help measure innovation but also help to answer a heavily debated question of whether or not this prolonged increase of productivity the U.S has maintained is now starting to slow down. Read More>>

Five Lessons from a Venture Capitalist with a Long-Term Focus

As more and more businesses and individuals look to invest in the next big idea that can be translated into a unicorn company with huge scale-ability and profit potential, the startup market has become saturated with investors. Often these investors follow red herring companies to limited success and limited returns. Gopi Rangan, adjunct professor of Entrepreneurship for INSEAD Business School, breaks down the logic that has led his friend and mentor, Oren Zeev, to success as a venture capitalist. These are the five tried and true rules for any venture capitalist to live by. Read more>>

NASA Prepares for First Ever Female Spacewalk

In the latest of a series of firsts for women in STEM, March 29th of this year will see the first all-female extravehicular spacewalk. Timed perfectly to coincide with Women’s History Month, the seven-hour walk will be carried out by NASA’s Anne McClain and Christina Koch on the International Space Station. Coordinating the walk from the ground will be a crew of all female scientists. The walk gains special significance in the fact that McClain and Koch are both part of the NASA astronaut class of 2013, which was the first ever to have an equal number of men and women. This is another landmark in the history of women in space, a legacy that began in 1984 with cosmonaut Svetlana Savitskaya becoming the first woman ever to do a spacewalk. This is an exciting step in the continuation of the reduction gender imbalance in space exploration and bodes well for the future of extraterrestrial expeditions. Read more>>

The Downside of Transparent Decision Making

When making decisions within a company, upper management wants its employees to be transparent about what they think about a situation. Being up front and honest has always been a huge factor in creating a strong organizational culture. However, according to a pair of Kellogg School researcher’s transparency does not always allow for company’s employees to be completely honest and open about their thoughts. Instead,  sometimes having private conversation and “backroom discussions” can often be more beneficial for getting employees to share information.  Read More>>

Defining Growth Design: The Guide to the Role Most Startups are Missing

In Defining Growth Design: The Guide to the Role Most Startups Are Missing, Angel Steger Dropbox’s current director of growth and design highlights the apparent need for companies to have a growth and development department. Although it is very important to have such a department during the beginning stages of a company, it is also extremely vital throughout the maturity of a company. Creating innovative products and services in the beginning is what creates success and, sustaining this innovation is what keeps a company successful. Read More>>

AirAsia Targets Startups With New Venture Capital Fund

The latest in a number of airlines that are seeking to diversify their portfolios, AirAsia has started a fund called RedBeat Capital to provide seed money to burgeoning businesses. Sean O’Neal of Skift.com describes how the company is following the examples of JetBlue Technology Ventures and the unsuccessful Qantas AVRO Accelerator Program in its bifurcation of its focus into new and promising businesses. Whether the motivation for this venture capital fund comes from a desire to boost revenue, boost innovation within their cultures, or to insulate themselves from the uncertainties of the market through diversification, it is an undisputedly interesting and savvy move on the part of the Asian budget airline. Read more>>

The Ten Stages of Successful Strategic Alliances

Businesses may enter into alliances for the purpose of realizing any one of the dozens of benefits that these partnerships offer. Offer, that is, when executed successfully. Paul Sanders of INSEAD.edu details the different considerations that are pertinent to the selection of a successful alliance partner — many of which are not far off from the considerations taken into account when selecting a spouse. Successful relationships and successful alliances are not scenarios where you settle for your second choice of partner. They require maintenance and commitment to success by both involved parties. They require demonstrations of devotion and deep ties between alliance members. The parallels continue. How can businesses find and lock down “the one” to attain all of the full benefits of partnership? Read more>>

Reflecting on My Failure to Build a Billion-Dollar Company

Failure in business is never easy however, what you learn from the failure and what you choose do with with that knowledge is what sets a good entrepreneur apart from a great one. Sahil Lavingia the founder and CEO of Gumroad, which is an online platform that helps creators sell their products directly to consumers is a prime example of this. In 2011, Lavingia left his job as being the second employee at Pinterest and used the profits of his stock to begin the creation of his own venture. Like many entrepreneurs, Lavingia had one goal in mind- building a billion-dollar company. During the beginning stages of his company, things were looking up for Sahil but as profits started to drop he had to start making tough decisions. Slimming down his company and firing more than 75% of his employees are what started to make Sahil feel like the scheme of this “billion-dollar company” were in the days of his past. However, if Sahil never had endured this set-back he may have never made the company what it is today. Read More>>

Hiring For Your Startup: Do You Play It Safe Or Go With Your Gut Feel?

When hiring new employees for a company an organization can take two approaches; hiring by gut instinct or hiring by traditional skills and job descriptions. When hiring for traditional skills and job descriptions, the employer is looking to see if the possible employee covers all the technical skills necessary for the job. Conversely, when hiring by gut feelings the employer is looking for possible candidates who cover the general soft skills. Jeb Banner, CEO of board management software company Boardable, emphasized why he believes hiring based upon soft skills has worked well for his company, “Employees who are excited about their work are eager to learn and easy to train”. Despite not covering certain technical skills these possible candidates may be able to pick them up quickly. However, once these employees are hired which are the ones that produce the best results, and is one approach more risker than the other? Read More>>