Great Teams Are a Mix of Old and New

To add to this nice post, I think that the composition of consistently high performing teams is that they have a set of core team members who enjoy working with each other and have worked together for long periods of time thereby developing the ability to understand how each other thinks and depending upon the project, you add new people to the mix to get a breath of fresh thinking into the project. To take the analogy of the broadway or the movie business, you can see that most directors like to work with the same set of people when […]

How do you innovate “Innovation” ..

A couple of days ago, I submitted my entry for the HBR/McKinsey M-Prize Challenge run by Management Exchange. This challenge is about “Innovating Innovation” and will be judged by some of the greatest thinkers in innovation. You can find below my submission for the challenge. If you like my thoughts, request you to vote for my submission here. SUMMARY Its not the lack of ideas that stops organizations from being innovative, but the way resources are allocated & employees rewarded that is the key. We need to change the way we set and manage KPI’s, the way we allocate funds (quarterly budgeting […]