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Golden opportunities are rare in business. They’re also hard to predict because they arise from random, unconnected events. That’s why practicing active waiting makes sense. Here’s what we mean:
The new owner of several coal mine shafts in Harlan, Ky., was puzzled:
Should he heed the advice of the grizzled ex-miners he’d bought the
shafts from and embrace the new technology of open-pit mining, which a
new competitor had done? Or should he expand his current business by digging another shaft?
After American colonists beat the British on Dec. 26, 1776, in Trenton,
N.J., Gen. George Washington convened his troops and asked them to
re-enlist. On the heels of such a victory, Washington expected a positive
response. But as he stood there and the drum rolled, not a single
soldier stepped forward to sign up for another stint. Washington began to improvise.
When Eli Lilly & Co. was about to lose its patent protection on
Prozac back in 2001, the drug manufacturer formed InnoCentive, a
subsidiary whose purpose was to visit university and independent
laboratories in search of new products. The result?
These four tips have helped Microsoft manager Josh Ledgard move on down the road to leadership:
Showcase your talents by putting together a desk reference manual. Done bit by bit, it can become the ultimate productivity tool. Here's how to do it.
Choose the most reliable job applicants by passing over any who bad-mouth previous employers or bosses.
It’s so easy to lose sight of customers that even good organizations do
it all the time. But a technique called LEO might help you stay a
little closer to them. LEO stands for:
Late in the 1990s, NASA made a sobering discovery: Due to the departure
of key scientists, nobody on staff knew how to put a man on the moon. That’s why the space agency developed these seven critical questions to help stem the loss of critical knowledge:
Issue: HR audits can help you identify weak points in your employment-law compliance.
Risk: If you don't act on the audit's recommendations (and employees find out) that mistake can kill ...