Showing posts from January, 2018

Economics of Talent

Vikram BhallaSusanne Dyrchs and Rainer Strack of the Boston Consulting Group predict a tsunami will hit work as we know it soon.

The projected tsunami takes the form of four megatrends – two affecting the demandfor talent and two affecting the supply of talent. Thus, we are back to Economics 101 except that the megatrends will change the very nature of work in ways that are way beyond imagination.

The Symphonic Enterprise

A renowned music conductor once said that an orchestra full of stars can be a disaster. There is no reason to believe that the maestro was speaking metaphorically. His observation suggests something universal: Without unity and harmony, discord prevails. Many organizations that are being turned upside down by technology innovation are no strangers to discord. Digital reality, cognitive capability, and blockchain are redefining IT, business, and society in general. Organizations typically responded to such disruptive opportunities by launching transformation initiatives within technology domains. Domain specific cloud, analytics, and big data projects represented bold, even if single minded embraces of the future. C-suite positions such as “Chief Digital Officer” or “Chief Analytics Officer” reinforced the primacy of domain thinking. 

Challenges in Organizational Culture

Culture and organizational performance are inter-related. Organizations that espouse a positive culture on a foundation of shared values have a competitive advantage. Research also shows that people who find their need for meaning and purpose as being met at work exhibit higher levels of performance and expend higher levels of discretionary effort. Culture is also a powerful driver of engagement, which has been linked to better financial performance.