Creating a 21st Century Business
Rory Sutherland, Dan Pink and Johanna Blakely are three TED speakers make us question our assumptions on what makes a successful business today.
Sweat the small stuff. According to Rory Sutherland, companies nowadays do the big stuff magnificently well, the small stuff are done magnificently badly because the people who are in charge of doing the small stuff are preoccupied. However, we should look at the things that do not cost a lot of money but has a big effect on our business. Sutherland suggest a Chief Detail Officer, ministry of details to
Use intrinsic motivation for results. According to Dan Pink, rewards narrow our focus and concentrate our mind–works for straightforward problems, clear set of rules. But not for complex problem, “if then rewards” don’t work. Providing employees autonomy, mastery and purpose is what would motivate today’s employees.
Openess and sharing fosters creativity and innovation. Johanna Blakley talked about how not having copyright protection actually improves creativity and innovation.
These ideas are great for building the 21st century business.