Multi-tasking managers offer the key to cooperation between rival firms

Multi-tasking managers offer the key to cooperation between rival firms

For rival companies to successfully cooperate in the name of innovation, they need “ambidextrous” managers who can make the most of their pooled resources and exhibit strong multi-tasking skillsFor rival companies to successfully cooperate in the name of innovation, they need “ambidextrous” managers who can make the most of their pooled resources and exhibit strong multi-tasking skills, research from NEOMA Business School claims. Antony Paulraj, Professor of Operations and Supply Chain Management at NEOMA, co-authored a study analysing the approach of over 300 companies that are collaborating with their competitors, known as “coopetition”. More →

A workplace for entrepreneurial mindsets to thrive should be your goal

A workplace for entrepreneurial mindsets to thrive should be your goal

Workplace entrepreneurial mindsetThese days it seems like everyone is looking to become more entrepreneurial. It’s a word that’s often used by big companies on the hunt for innovative thinkers and new ways of doing things. But sadly, the workplace doesn’t always work for those with entrepreneurial minds. It is too rigid, too hierarchical, too conventional. Entrepreneurs, by nature, are rule-breakers, always looking for new opportunities and fresh ideas that could change the world. From my research, they differ from other businesspeople in some fundamental ways – six ways, to be exact. More →

Getting past the uncertainty of GDP to find something better

Getting past the uncertainty of GDP to find something better

Epicenter Coworking Space in Stockholm, where Sweden has an economic model that deals with the uncertainty of GDP as a focusThe other night, my fourteen-year-old daughter was revising for her Economics exam, and we discussed the Swedish Economic Model and its relevance in our own age of uncertainty. According to the International Monetary Fund, Sweden’s national debt to GDP ratio has fallen chiefly since 1995. We proceeded to discuss the term Gross National Product (GDP). GDP measures the monetary value of final goods and services produced in a country in a given period of time over three months or a year. More →

Self-confident bosses are most resistant to change, study claims

Self-confident bosses are most resistant to change, study claims

Chief Executive Officers with exaggerated self-confidence show a preference for steadiness within organisations, claims new research from the University of Mannheim Business School. Marc Kowalzick, Post-Doctoral researcher at the University of Mannheim Business School, and Moritz Appels, former University of Mannheim PhD student and now Assistant Professor at Rotterdam School of Management, Erasmus University, address a central dilemma in our understanding of CEO hubris: Are these CEOs particularly inclined to change their firms’ trajectories or not? More →

Half of small business owners have no fixed working hours at all

Half of small business owners have no fixed working hours at all

A smiling small business owner works at a laptop with coffeeA new report from Samsung suggests that the stereotype of the typical small business owners as a person who work around the clock is outdated. Around half of full-time business owners in the UK say they have no fixed work hours at all, preferring a fluid workday set up. One-third (31 percent) of business owners also said they commit to fewer than 7 hours as a typical core working day, preferring to work when optimal to their businesses. More →

Workplaces are plagued by classism, report claims

Workplaces are plagued by classism, report claims

Toffs and Toughs famous photo that illustrate class divide and classismA new poll claims to highlight the need to tackle classism at work, with 57 percent of employees witnessing discrimination or a lack of inclusivity in the last year alone. A third of UK employees say classism is active in their workplace, according to the 2022 Diversity & Inclusion in the Workplace Report from Wildgoose. The report is based on a survey of employees from 133 UK workplaces. It asked if their workplace is an inclusive environment, what areas of diversity their organisation could improve upon, and whether they have experienced discrimination or inequality in the workplace. More →

The networks people build often hold them back rather than help them

The networks people build often hold them back rather than help them

Laurel and Hardy to illustrate the problems we have with the networks we createThe networks of ties we build in the workplace are key to our success and performance. Yet, researchers at ESMT Berlin claim in a paper published in the Academy of Management Journal that we often build networks that hamper our performance. Professors Gianluca Carnabuci and Eric Quintane, both from ESMT Berlin, investigated how and when people build networks that allow them to perform at their best. To this end, they conducted a longitudinal field experiment within a business unit of a large semiconductor company, tracing the network and performance of each employee over two and a half years. More →

Ethical organisations can pave the way to hell with their good intentions

Ethical organisations can pave the way to hell with their good intentions

An AI generated painting of the road to hell to illustrate how ethical organisations can create the conditions for bad behaviourDespite the growing focus for more ethical investment and management styles, a new paper from Rotterdam School of Management, Erasmus University (RSM) claims to have uncovered eight unethical effects that can ‘sneak in’, even when organisations are doing their best to act ethically. In his research Muel Kaptein, Professor of Business Ethics and Integrity Management, has looked at how even ostensibly ethical organisations can sometimes facilitate unethical behaviour. More →

Why should anyone care about your change?

Why should anyone care about your change?

A butterfly emerging from a chrysalis to illustrate changeWhenever I first meet a potential client or am brought onto a new change project, there are three questions I ask:  why, why now and why should anyone care about your change? Now the first two have typically been thought through and there are answers for them – not necessarily crystal clear and concise answers, but answers, none the less.  However, the third question, in my experience, is rarely even considered, much less discussed or thought through. If it has been thought through, then this is many times expressed starting with the words, “effective…efficient…,” which is what I would call the management spiel. These are not answers that will motivate or galvanise employees and teams to support and adopt a change. More →

Corporate change forces managers to juggle different views of fairness

Corporate change forces managers to juggle different views of fairness

corporate changeMiddle managers get caught between different stakeholders’ perceptions of fair treatment in reaction to corporate change programmes, claims new research from Aalto University School of Business and published in the Journal of Business Ethics. According to Associate Professor Marjo-Riitta Diehl, from the Department of Management Studies, and her co-authors, these managers can often experience uncertainty, anxiety, and reluctance to take action as a result. The research was based on two rounds of interviews with managers in the German branch of an international company shortly before and after restructuring changes. More →

How to prepare your business for the German Supply Chain Due Diligence Act

How to prepare your business for the German Supply Chain Due Diligence Act

German supply chain lawGlobal supply chains are incredibly complex, crossing multiple countries and borders. This complexity brings many challenges for businesses, including managing overseas suppliers, maintaining the flow of goods, and navigating currency fluctuations. One of the biggest challenges is the growing number of supply chain laws that companies need to understand and meet. More →

Reinventing procurement for a post pandemic world

Reinventing procurement for a post pandemic world

smart procurementMost businesses have undergone some form of digital transformation over the last two years simply to remain afloat. This has typically involved a total shift to the cloud, the relocation of inhouse comms rooms to co-location facilities, or incorporating remote login functionality into core IT systems to support home/hybrid working. Whilst 5G, all fibre broadband and cloud computing have been gaining traction for a while, the pandemic has given agile working a turbocharge. This change has resulting in businesses relocating to smaller premises with flexible, more appealing leasing contracts. Hybrid working has also affected many internal departments, none more so than procurement which has been totally transformed More →

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