June 25, 2019
Tech laggards face extinction unless they innovate
Many larger businesses are struggling to implement digital transformation in spite of the dangers to their long term survival, a new joint report from CBI and Oracle claims. According to Bigger, Faster, Stronger, the improved adoption of technology could unlock productivity and wage growth. Research shows that more adoption, coupled with better management practices, could add £100 billion to the UK economy and cut income inequality by 5 per cent. However, only 54 per cent of UK companies believe disruptive technologies play an important role in their organisation, much lower than in countries such as France, Germany, India and Russia. More →
June 7, 2019
On target for a toxic workplace culture
by Nick Pye • Comment, Workplace
Setting clear and bold targets has become part of leadership 101. We take it for granted that the first action for anyone taking over the helm of a business or team is to state or re-state targets. The rise of “management by objectives” in the 1970s drove the initial focus on target-setting and, in line with shoulder pads and lapel width, the 1990s saw a shift in management culture to ‘bigger is always better’. In 1994 Jim Collins and Jerry Porras wrote their highly influential best seller Built to Last. In it, they memorably wrote of the power of BHAGs – big, hairy, audacious goals. Targets were no longer for hitting but represented something bigger, a longer-term vision of the future.
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