HBR – Larry Cheng, a partner at Fidelity Ventures, emphasizes that great entrepreneurs possess passion, perseverance, and meticulous attention to detail. Successful venture investments align with personal interests and prioritize value creation beyond capital. Cheng advises founders to focus on clear priorities to avoid diluting their efforts and underscores the role of luck in entrepreneurial success. Failure, he notes, is an essential learning experience.
Strategies to Prevent Burnout in Employees Bridging Organizational Silos
HBR – Employees who facilitate collaboration across organizational silos, known as boundary spanners, face significant risks of burnout due to increased cognitive and emotional demands. Research involving over 2,000 professionals reveals that such roles can lead to higher levels of exhaustion and negative social behaviors. To mitigate these risks, organizations should formally recognize and support boundary-spanning roles, provide adequate resources and training, and implement check-in mechanisms to monitor and alleviate burnout, fostering a healthier and more productive work environment.
By Eric Quintane, Sunny Lee, Jung Won Lee, Camila Umaña Ruiz, and Martin Kilduff
Building Strong Community Relations to Drive Franchise Success
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FORBES – Developing strong community relations is crucial for franchise success. Managers should engage in local events, support community initiatives, and establish partnerships with local organizations to build trust and loyalty. Creating a positive brand presence through active community involvement can lead to increased customer retention and word-of-mouth referrals. Regularly seeking feedback and adapting to community needs ensures ongoing relevance and support. Prioritizing transparency and consistent communication with community members fosters long-term relationships and contributes to the franchise’s growth and stability.
By Cheryl Robinson | JUN 25, 2024
Inclusive Gaming and Strategic Labor Tactics: Lessons from EA and Boeing
EA’s President Laura Miele implemented an inclusion framework inspired by the Geena Davis Foundation. This approach involves taking inventory of dialogue, character roles, and representation in games. Instead of enforcing strict rules, EA encourages creative teams to be intentional about inclusivity. This strategy has become a crucial part of EA’s game development process, fostering innovation and broader representation.
During a labor dispute, Boeing locked out 125 unionized on-site firefighters. After a three-week standoff, Boeing conceded to the firefighters’ demands, increasing average annual pay by $21,000 through overtime and faster progression to top pay scales. This case shows how strategic pressure from a small, critical group can lead to significant concessions, even from a large corporation.
By Megan Poinski | SEP 16, 2024
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