Description
Companies need to update their products, develop new ones and break into
fresh markets. But equally important is the ability to cull projects
that aren’t working. Dan Levinthal, the Michael J. Crouch Visiting
Professorial Fellow at the Australian School of Business, describes it
as a “difficult balance of being tough on resource allocation, but at
the same time you can’t make it stigmatising and career-ending” for
those whose ideas don't go forward. Controlled micro-failures are part
of innovation for start-ups in the tech sector, where the knowledge
gained from unsuccessful initiatives is known as “flearning”.
When a quarter of your workforce is heading for the door, it's time for
some serious strategic thinking. One Australian organisation is tackling
the outflow of thousands of mature-age workers by 2015 with a series of
policy changes and initiatives that not only glean vital information
for the...
Published 05/01/19
A new inquiry into the activities of Australia's central bank subsidiary, Securency, has brought the prevalence of bribery in international business dealings back into the spotlight. Demands for "grey money" are commonplace when negotiating deals in many developing nations. While multinational...
Published 05/01/19
The global financial crisis delivered new opportunities to re-engineer the workforce with an increased focus on flexibility for both employers and employees. But dangers lurk in the short-term cost-cutting approach embraced by many organisations. The arrangements – and, in some cases, the...
Published 05/01/19