Weekly Pulse by William Meller | Week 19, 2022

Weekly Pulse is a content curation and highlights from readings, books, videos, podcasts, insights, ramblings and other interesting things I discovered and digested during the week.

So, let's go with some discoveries from the week!

#1 - The Core Competence of the Corporation
#2 - Great Attrition or Great Attraction? The Choice Is Yours
#3 - The Artificial Intelligence Revolution
#4 - The Benefits and Risks of Rehiring a Boomerang Employee
#5 - The Hard Truth About Innovative Cultures
#6 - A Philosophy for a Happy Life, by Sam Berns
#7 - Book Notes: Coaching Agile Teams - Lyssa Adkins


The Core Competence of the Corporation

Source: Harvard Business Review
Author: C.K. Prahalad and Gary Hamel
Year: 1997
 
Summary: Core competence is the collective learning in the organization, especially the capacity to coordinate diverse production skills and integrate streams of technologies. It is also a commitment to working across organizational boundaries. Organizing around core competencies requires a radical change in corporate organization.

3 Highlights:

"... If core competence is about harmonizing streams of technology, it is also about the organization of work and the delivery of value. ...."

"... We believe that senior management should spend a significant amount of its time developing a corporate-wide strategic architecture that establishes objectives for competence building..."

"... Top management must add value by enunciating the strategic architecture that guides the competence acquisition process. We believe an obsession with competence building will characterize the global winners of the 1990s..."



Great Attrition or Great Attraction? The Choice Is Yours

Source: McKinsey
Author: Aaron De Smet, Bonnie Dowling, Marino Mugayar-Baldocchi, and Bill Schaninger
Year: 2021

Summary: More than 19 million US workers—and counting—have quit their jobs since April 2021, a record pace disrupting businesses everywhere. Companies are struggling to address the problem, and many will continue to struggle for one simple reason: they don’t really understand why their employees are leaving in the first place. A record number of employees are quitting or thinking about doing so. Organizations that take the time to learn why—and act thoughtfully—will have an edge in attracting and retaining talent.

3 Highlights:

"... Along the way, many senior executives will be challenged to reimagine how they lead. The skills that made leaders effective before the COVID-19 pandemic—strong coaching, mentoring, creating strong teams—are just table stakes for the challenge of the months and years ahead...."

"... By not understanding what their employees are running from, and what they might gravitate to, company leaders are putting their very businesses at risk...."

"... This trend not only is poised to continue but could get much worse. Among employees who said they are at least somewhat likely to leave their jobs in the next three to six months, almost two-thirds added that they would do so without lining up new jobs...."
 
Access here >>


The Artificial Intelligence Revolution

Source: Wait But Why
Author: Tim Urban
Year: 2015

Summary: When we imagine the progress of the next 30 years, we look back to the progress of the previous 30 as an indicator of how much will likely happen. When we think about the extent to which the world will change in the 21st century, we just take the 20th century progress and add it to the year 2000. This was the same mistake our 1750 guy made when he got someone from 1500 and expected to blow his mind as much as his own was blown going the same distance ahead. It’s most intuitive for us to think linearly, when we should be thinking exponentially.

3 Highlights:

"... What we do know is that humans’ utter dominance on this Earth suggests a clear rule: with intelligence comes power..."

"... AI, which will likely get to AGI by being programmed to self-improve, wouldn’t see “human-level intelligence” as some important milestone—it’s only a relevant marker from our point of view—and wouldn’t have any reason to “stop” at our level..."

"... When it comes to something like a computer that improves itself, we might seem far away but actually be just one tweak of the system away from having it become 1,000 times more effective and zooming upward to human-level intelligence..."



The Benefits and Risks of Rehiring a Boomerang Employee

Source: MIT Sloan Management Review
Author: Ben Laker
Year: 2022

Summary: While no organization plans for a valuable employee to exit, it can be incredibly beneficial — for the company as well as the employee — when they return after some time away. These returning employees already know the organization’s ins, outs, and nuances, and understand the employer’s expectations and company culture. In a job market where talent competition is at an all-time high, looking to those already familiar with your organization could be a competitive advantage for a few key reasons.

3 Highlights:

"... Boomerang employees, who offer the benefits of both external perspective and internal knowledge. In today’s competitive job market, your best next hire may be a rehire..."

"... The most significant risk of rehiring boomerang employees is that they could leave the organization again, forcing it back to square one. Setting up a boomerang hire for success thus requires some extra planning..."

"... When rejoining the company, a rehire will expect the same processes, organizational structure, pay rates, and the like to remain the same — but expectations that go unmet can drive dissatisfaction..."



The Hard Truth About Innovative Cultures

Source: Harvard Business Review
Author: Gary P. Pisano
Year: 2019

Summary: A culture conducive to innovation is not only good for a company’s bottom line. It also is something that both leaders and employees value in their organizations. But despite the fact that innovative cultures are desirable and that most leaders claim to understand what they entail, they are hard to create and sustain. This is puzzling. How can practice apparently so universally loved—even fun—be so tricky to implement?

3 Highlights:

"... Because innovative cultures can be unstable, and tension between the counterbalancing forces can easily be thrown out of whack, leaders need to be vigilant for signs of excess in any area and intervene to restore balance when necessary..."

"... Leaders need to be on the lookout for excessive tendencies, particularly in themselves. If you want your organization to strike the delicate balance required, then you as a leader must demonstrate the ability to strike that balance yourself..."

"... Many people will be excited about the prospects of having more freedom to experiment, fail, collaborate, speak up, and make decisions. But they also have to recognize that with these freedoms come some tough responsibilities..."



A Philosophy for a Happy Life, by Sam Berns

Source: William Meller - New article

Summary: Happiness isn’t something that just happens to us, but it is within reach for everyone. Even during the most hard periods of life, we all have the power to make small changes in our environment and mindset that can set us on course for a happier life. Sam Berns died at age 17, in his old age. His rare illness did not stop him from having a purposeful life. Discover Sam's philosophy for a happy life.

3 Highlights:

"... I always try to have something to look forward to, something to strive for to make my life richer..."

"... This mentality includes staying in a forward-thinking state of mind. I try hard not to waste energy feeling badly about myself, Sam said, because when I do, I get stuck in a paradox where there is no room for happiness or any other emotion..."

"... No matter what I choose to become, I believe I can change the world. And as I am striving to change the world, I will be happy..."



Book Notes: Coaching Agile Teams - Lyssa Adkins

Source: William Meller - Book Notes

Coaching Agile Teams gives agile coaches the insights to adopt this new mindset and to guide teams to extraordinary performance and environment.

In Coaching Agile Teams, Lyssa Adkins gives agile coaches the insights they need to adopt this new mind-set and to guide teams to extraordinary performance in a re-energized work environment. 

You’ll gain a deep view into the role of the agile coach, discover what works and what doesn’t, and learn how to adapt powerful skills from many allied disciplines, including the fields of professional coaching and mentoring.




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