Article of the Week
To Get Better Decisions, Get a Little Fuzzy (HBR Blog Network)
Big Idea: Most organizations associate clear, black-and-white decisions with good decisions. Unfortunately, this drive towards clarity and closure and the need for precision that accompanies it, leads senior management teams to waste time and make meaningless decisions. Often, it’s better to be fuzzy, to deliberately introduce imprecision into your team’s decision-making process.
Editor’s Choice Articles
Data: One Antidote to Risky Behavior (HBR Blog Network)
Big Idea: Savvy managers understand that weaving data-driven decisions into the fabric of corporate governance can obviate organizational infighting and drive progress. By establishing clear accountability measures, managers can determine whether and how corporate goals are being achieved, and hold people accountable for how they are achieving those goals.
From Fringe to Mainstream: Companies Integrate CSR Initiatives into Every Day Business (Knowledge@Wharton )
Big Idea: Given the current economic climate and intensified pressure from shareholders, companies are devising new corporate social responsibility (CSR) models. Rather than staffing a modest CSR department — and slapping it on the org chart as a small offshoot of the public relations (PR) or philanthropy division — many companies are instead trying to embed CSR into their overall strategy and day-to-day operations.
When You Can’t Innovate Copy (HBR Blog Network)
Big Idea: Imitating others may not offer the best path to becoming an industry leader. Pioneers can command strong market loyalty that could be difficult for copycats to overcome. Entrepreneurs need to think about whether they need to innovate when there are business models that can be copied lawfully. The German Samwer brothers have shown that in the absence of innovation, copying and funding already-tested business models can work.
Instinctual Innovation versus Intellectual Innovation (Braden Kelley)
Big Idea: Quite a lot of great ideas (and ultimately innovations) come to us not from brainstorming, but from the connection to our subconscious that occurs in everyday places like the shower. If so many great ideas come to us when our active mind is elsewhere, then why is such little attention paid to this source of innovation.