Strategy+Bussiness Newsletter


strategy+business

Ideas that work
June 2, 2020
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s+b essential reading

How fearless organizations succeed

Amy Edmondson describes three steps leaders can take to create psychological safety, the prerequisite for greater innovation and growth.

by Amy C. Edmondson

MIT Management -- Executive Education

Tune into short weekly webinars from MIT

Unprecedented times require leaders to rethink how their teams will work in a complex and volatile world. At MIT Sloan Executive Education, we remain committed to supporting your ongoing professional development. Tune in to weekly free webinars on critical topics presented by our faculty and thought leaders. Learn more.

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s+b essential reading

Does your legal department spark joy?

How a contract management system can extract untapped value from your legal processes.

by Mick Sheehy and Marlo Osborne-Smith

Get s+b's top insights -- Join readers all over the world who have exclusive access to the best ideas in business.
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Featured article

The business of America, in a nutshell

In his new book, American Business History, Walter A. Friedman offers a highly concise history of free enterprise in the United States.

by Daniel Akst

Look

Six tips for making the digital customer experience more human in the time of COVID-19

How do you keep — and deepen — your vital connection to consumers at this most critical time? Here are six practices to guide you.

PwC insights

Undercutting uncertainty: Four agile principles that will bolster your business

Many businesses are facing the challenge of adapting to a COVID-19 world. It’s no easy task, but these four concepts highlight how agile can help.

 

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Most popular

Four ways to reflect that help boost performance

Powerful modes of reflection are crucial for leaders and their teams, especially when dealing with a crisis.

by Stephen Newman and Wanda T. Wallace

Adapting to a new world

Facing the challenges of the post-COVID-19 landscape.

by Blair Sheppard, Daria Zarubina, and Alexis Jenkins

The general wisdom of Ulysses S. Grant

A serial failure up until the Civil War, Grant had a talent for leadership that secured the Union. His strategy and style still offer valuable lessons for today’s executives.

by Theodore Kinni

Seasoned PNUTs Quotable


SEASONED NUTS: QUOTABLE
“[Legitimacy] is based on three things. First of all, the people who are asked to obey authority have to feel like they have a voice–that if they speak up, they will be heard. Second, the law has to be predictable. There has to be a reasonable expectation that the rules tomorrow are going to be roughly the same as the rules today. And third, the authority has to be fair. It can’t treat one group differently from another.” ― Malcolm Gladwel

Today’s Inspirational Quote:


“Today is a brand-new day. A fresh start. Replace any negativity with positivity. Think happy thoughts. Exercise. Drink lots of water. Fill your body with fuel. Healthy is happy. Inspire yourself. Create. Laugh. Play. Love. Learn. Give someone a compliment. Make a new friend. Do a random act of kindness. It creates good karma. Take chances and finally start living life to its fullest. But no matter what’s thrown at you today, smile and remember, tomorrow’s always a fresh new start.”

— Author Unknown

Did you know…


Did you know…

… that today is First Panama Canal Baby Day? On this day in 1930, Mrs. M. Niezes of Panama gave birth to the first baby — a healthy baby boy — to be born on a ship while passing through the Panama Canal. Trivia buffs: The ship was a Dutch steamship named Barali. Congrats to all!

~~~

 

I can’t imagine – by Seth Godin via his Newsletterr


There’s just no way to be sure what it feels like. Other people, people in our lives or out of it, people who look like us or don’t. Your mileage will vary, your experience will be different. Some started with a huge head start, some with a disadvantage they couldn’t possibly deserve.

Of course, the “I” is really we. No matter who we are, we can’t truly know what it feels like for someone else.

It may be that we can’t imagine what it’s like to be the victim of systemic distrust and profiling. Or what it’s like to worry about putting food on this table for that family. Or what it’s like to be fighting a chronic illness or being unjustly accused of a crime.

We can try. We assume it’s just like what happened to us, but slightly different. We can realize that tragedy is unevenly distributed and in constant rotation, but it’s never going to be the same.

But just because we can’t imagine–it doesn’t mean we can’t care. We can refuse to magnify our differences and focus on maximizing possibility, justice and connection instead. To take action and to dig in.

The leverage we have to see, to speak up and to create long-term change is a difficult weight to carry. Because if we can do something to make things more just, that means that we must.

I wish I was better at it. I wish it were easier.

We’ll make things better by seeing, by speaking, by doing the work. Even if it’s uncomfortable, especially when it is.

Check this out from The Times of India


Moody’s downgrades India rating for 1st time in 22 yrs
https://timesofindia.indiatimes.com/business/india-business/moodys-downgrades-india-rating-for-1st-time-in-22-yrs/articleshow/76144694.cms?utm_campaign=andapp&utm_medium=referral&utm_source=native_share_tray
Download the TOI app now:
https://timesofindia.onelink.me/efRt/installtoi

Justice and dignity, too often in short supply – Seth Godin Newsletter


Justice and dignity, too often in short supply

[From two years ago, even more relevant right now]

You will never regret offering dignity to others.

We rarely get into trouble because we overdo our sense of justice and fairness. Not just us, but where we work, the others we influence. Organizations and governments are nothing but people, and every day we get a chance to become better versions of ourselves.

And yet… in the moments when we think no one is looking, when the stakes are high, we often forget. It’s worth remembering that justice and dignity aren’t only offered on behalf of others.

Offering people the chance to be treated the way we’d like to be treated benefits us too. It goes around.

The false scarcity is this: we believe that shutting out others, keeping them out of our orbit, our country, our competitive space—that this somehow makes things more easier for us.

And this used to be true. When there are 10 jobs for dockworkers, having 30 dockworkers in the hall doesn’t make it better for anyone but the bosses.

But today, value isn’t created by filling a slot, it’s created by connection. By the combinations created by people. By the magic that comes from diversity of opinion, background and motivation. Connection leads to ideas, to solutions, to breakthroughs.

The false scarcity stated as, “I don’t have enough, you can’t have any,” is more truthfully, “together, we can create something better.”

We know it’s the right thing to do. It’s also the smart thing.

Futurism Newsletter


84b086db-c1b2-4e8f-bd12-d446f884c986.png

The Future Is Made One Launch At a Time

1 JUNE 2020

TOP STORY

Watch SpaceX’s Crew Dragon Dock With the ISS

Over the weekend SpaceX succeeds in becoming not only the first private company to carry US astronauts to the International Space Station, but also the first space organization to launch US astronauts from US soil since NASA ended its space shuttle program in 2011.

The occasion marked a huge success for SpaceX and the moment Crew Dragon docked with the ISS is nothing short of amazing. If you weren’t able to watch the moment this weekend it’s worth taking a moment to watch this bit of history in action.

READ MORE 

HEADLINES FROM TODAY

ONEControlling SpaceX’s Crew Dragon is Like Playing A Video Game

READ MORE 

TWOElon Musk Just Absolutely Roasted the Russian Space Program

READ MORE 

THREEMSN Fires Journalists, Replaces Them With AI

READ MORE 

OF INTEREST

World Health Organization Confirms New Ebola Outbreak in the Congo

The World Health Organization (WHO) is confirming a new Ebola outbreak in the Democratic Republic of Congo (DRC). This is on top of another, larger Ebola outbreak in the DRC which was already on going, as well as the country’s own response to the COVID-19 pandemic. “This outbreak is a reminder that Covid-19 is not the only health threat people face,” said Dr. Tedros Adhanom Ghebreyesus, director-general of the WHO, according to The Telegraph. “WHO is continuing to monitor and respond to many health emergencies.”

READ MORE 

NEWS IN QUOTES

“ Looking in the sewer is like looking in the mirror of society. 

Futurism Newsletter


84b086db-c1b2-4e8f-bd12-d446f884c986.png

The Future Is Made One Launch At a Time

1 JUNE 2020

TOP STORY

Watch SpaceX’s Crew Dragon Dock With the ISS

Over the weekend SpaceX succeeds in becoming not only the first private company to carry US astronauts to the International Space Station, but also the first space organization to launch US astronauts from US soil since NASA ended its space shuttle program in 2011.

The occasion marked a huge success for SpaceX and the moment Crew Dragon docked with the ISS is nothing short of amazing. If you weren’t able to watch the moment this weekend it’s worth taking a moment to watch this bit of history in action.

READ MORE 

HEADLINES FROM TODAY

ONEControlling SpaceX’s Crew Dragon is Like Playing A Video Game

READ MORE 

TWOElon Musk Just Absolutely Roasted the Russian Space Program

READ MORE 

THREEMSN Fires Journalists, Replaces Them With AI

READ MORE 

OF INTEREST

World Health Organization Confirms New Ebola Outbreak in the Congo

The World Health Organization (WHO) is confirming a new Ebola outbreak in the Democratic Republic of Congo (DRC). This is on top of another, larger Ebola outbreak in the DRC which was already on going, as well as the country’s own response to the COVID-19 pandemic. “This outbreak is a reminder that Covid-19 is not the only health threat people face,” said Dr. Tedros Adhanom Ghebreyesus, director-general of the WHO, according to The Telegraph. “WHO is continuing to monitor and respond to many health emergencies.”

READ MORE 

NEWS IN QUOTES

“ Looking in the sewer is like looking in the mirror of society. 

Seth Godin Newsletter


Consider a gap year

Millions of college-age students have to make a difficult decision soon. Spending all that money and time has always been a significant choice, but now it’s more fraught. The accredited institutions that are now suddenly offering students an online education simply haven’t committed the time or effort to actually be good at it. They’re offering something without effectiveness, polish or insight.

The alternative is a gap year. Not just for college students, but for high school students and even adults.

The gap year has a terrible name. It implies that the year is somehow wasted, that it’s a gap snuck in between the stuff that you’re supposed to be doing.

But of course, it’s not that at all. Living is what we’re supposed to be doing. Contributing. Learning. Figuring out how to make things better. The stuff we’re not doing when we’re simply complying–that’s the point. Our compliance years are the gap.

And we should commit our time with intention.

If you can afford it, this is a powerful moment to invest in the next chapter of who you are and what you will become.

For an adult, that’s an expensive commitment. To walk away from your freelance path or your job search to dig in to become the leader and connector and expert you’ve always hoped to become.

But for a student, it’s actually a bargain. It’s a chance to step off the carousel of conformity and lockstep obedience and actually commit to a path of your own choosing. Keep your tuition money and put it to work for you, not for some football team.

A month, a semester, or an entire year. A chance to create a change, to make an impact, to cause a shift in your posture that you’ll have forever.

We’ve become ever more suspicious of the bargain that the industrial world has been offering: compliance in exchange for stability. The alternative is to own your path and to do the incredibly difficult work of choosing with intent and then sticking with it.

The discomfort people feel when they consider a gap year is precisely why we ought to spend more time considering it.

WORD OF THE DAY


WORD OF THE DAY
Polyphony
pə-LIF-ə-nee
Part of speech: noun
Origin: Greek, early 19th century
1

The style of simultaneously combining a number of parts, each forming an individual melody and harmonizing with each other.

2

(on an electronic keyboard or synthesizer) the number of notes or voices that can be played simultaneously without loss.

Examples of Polyphony in a sentence

“The a cappella choir produced an amazing display of polyphony.”

“I upgraded my keyboard to be able to play with a higher level of polyphony.”