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.
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.
Yesterday these four tech executives testified via video chat before the antitrust committee of the U.S. House of Representatives’ Judiciary Committee. If you’re a Christian steeped in the Bible’s book of Revelation, their joint appearance might suggest to you The Four Horsemen of the Apocalypse: riders symbolizing pestilence, war, famine, and death. As a consumer or a woebegone business competitor of these four executives, however, you’re more likely to be wondering: who will ever restore our TRUST in antitrust enforcement?
From left to right, you’re viewing three household names and a fourth, Sundar Pichai, who now runs Alphabet (i.e. Google). What do Mark Zuckerberg of Facebook, Jeff Bezos of Amazon, Tim Cook of Apple, and Pichai have in common in these four photographs atop Wednesday’s New York Times article about the pending hearing? The answer is eyes wide open, as if the four men are alert to seizing on new opportunities as they operate de facto monopolies, or at least duopolies, in domains like online search, online marketplaces, app stores, and advertising sales.
Have unfair, even illegal acts been committed by these tech giants? That’s for Congress and federal prosecutors to decide. Much clearer is that the FBI estimates losses from white-collar crime of between $300 to $600 billion annually. In contrast, the total is $4 billion a year for the blue-collar crimes of burglary and robberies. Don’t waste your energy; you needn’t guess which type of crime has the higher conviction rate.
On Economic Mobility & Learning Capacity
This week’s podcast episode concerns the story of a 150-pound, high school viola player jumped by three plain-clothes police officers who found him “suspicious looking.” Yes, an innocent black kid living in Homewood, a downtrodden neighborhood in Pittsburgh founded by Andrew Carnegie long, long ago, is a far cry from the wealth being generated in Silicon Valley. In today’s video, I briefly address why eyes wide open – curiosity – learning capacity – is emerging as the key to success in life.
Released today: episode #12 of Dan Hill’s EQ Spotlight podcast series, featuring David A. Harris, the author of A City Divided: Race, Fear and the Law in Police Confrontations. Listen to the clip below and click on the image to get to the new episode that appears on the world’s largest book podcast with over 1.2 million downloads monthly.
How do we move police forces from a warrior culture to connecting better with communities they serve?
Harris is a professor at the University of Pittsburgh’s law school and is the leading U.S. authority on racial profiling. In addition to also being the author of Profiles in Injustice (2002). Harris hosts the podcast Criminal Injustice.
Topics covered in this episode include:
Harris’s vantage point on what the Minnesota legislature got right and only half-right in recently approving a police accountability measure in the wake of the George Floyd killing.
Why navigating fear and anger is so hard for both black suspects and the police alike.
What role a lack of familiarity – and trust – plays for officers and suspects in trying to avoid escalating their encounters.