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NYTIMES – JUN 10 – Corporate firms are reexamining the concept of meritocracy, recognizing its potential pitfalls and biases. Leaders are finding that merit-based systems often overlook diverse talent and perpetuate inequality. To address this, companies are implementing more inclusive practices, such as blind recruitment processes and diverse hiring panels. Emphasizing holistic evaluations, they consider a wider range of skills and experiences. This shift aims to create a fairer, more equitable workplace, ultimately fostering innovation and improving business outcomes by leveraging diverse perspectives.
By Sarah Kessler | JUN 10, 2024
HBR – Promise-based management is crucial for translating strategy into action by fostering a network of commitments within organizations. This approach addresses common execution failures, such as disengaged employees, siloed functions, and complex matrix structures. By emphasizing clear, well-crafted promises, managers can enhance coordination, agility, and employee engagement. Public, explicit, and voluntary commitments are key to this method. For example, Royal Bank of Scotland and AmBev have successfully utilized public promises to drive performance. Effective promise management also requires continuous dialogue to adapt to changing circumstances and ensure alignment with organizational goals.