In lots of companies, the CEO’s strategic playbook now looks like this: become a de facto monopoly seeking bailouts and other, regulatory advantages through a lobbying budget that rivals the money being spent on research and development. What would be a better way forward for companies and the country alike? Two steps can most help drive innovation and lift productivity. The first is to empower employees. Working in small groups free of middle managers, they will be closer to the action and know best what needs to change. Second, link compensation to contribution. Inspire a groundswell of micropreneurs by ensuring that bonuses reflect results achieved on the ground, rather than funding golden parachutes for those in the C-suite.
Released today: episode #39 of “Dan Hill’s EQ Spotlight,” featuring Michele Zanini, the co-author of The Humanocracy: Creating Organizations as Amazing as the People Inside Them. Listen to the clip below and click on the image to get to the new episode via the New Books Network web site.
The authors of Humanocracy are Gary Hamel, who is on the faculty of the London Business School and has been hailed by the Wall Street Journal as the world’s most influential business thinker; and Michele Zanini who, along with Hamel, is the co-founder of the Management Lab and an alumnus of McKinsey & Company and the John F. Kennedy School of Government at Harvard University.
Dan Hill, Ph.D., is the President of Sensory Logic, Inc