Showing posts with label Corporate Culture. Show all posts
Showing posts with label Corporate Culture. Show all posts

Monday, September 5, 2011

Friday, September 3, 2010

Netflix lets its staff take as much holiday as they want, whenever they want – and it works

At Netflix, the vacation policy is audaciously simple and simply audacious. Salaried employees can take as much time off as they'd like, whenever they want to take it. Nobody – not employees themselves, not managers – tracks vacation days.

So the company scrapped its formal plan. Today, Netflix's roughly 600 salaried employees can vacation any time they desire for as long as they want – provided that their managers know where they are and that their work is covered.

The same goes for expenses. Employees typically don't need to get approval to spend money on entertainment, travel, or gifts. Instead, the guidance is simpler: act in Netflix's best interest. It sounds delightfully adult. And it is - in every regard. People who don't produce are shown the door. "Adequate performance," the company says, "gets a generous severance package."

More...

Interesting Slide deck about corporate culture
Reference Guide on our Freedom & Responsibility Culture

Wednesday, August 25, 2010

The End of Management

Very interesting article and i agree completely.

Business guru Peter Drucker called management "the most important innovation of the 20th century." It was well-justified praise. Techniques for running large corporations, pioneered by men like Alfred Sloan of General Motors and refined at a bevy of elite business schools, helped fuel a century of unprecedented global prosperity.

But can this great 20th century innovation survive and thrive in the 21st? Evidence suggests: Probably not. "Modern" management is nearing its existential moment. more.....

http://online.wsj.com/article/SB10001424052748704476104575439723695579664.html?mod=WSJ_hp_mostpop_read

Thursday, May 14, 2009

Next Generation Professions

There is nothing like a doctor or engineer in future they need to be developed in completely mix professions. Doctors need to be engineer and mathematician and other way around an Engineer need to know more about nature.
This was the case few hundred years before but then we move to a narrow down version of these professions and now are the time to merge these qualities again to take the next step in humanity.
There are enough examples in Chinese, ancient Greece, Arabic golden age.

Current education system is not capable to deliver the professionals of tomorrow. The education system is already got outdated, most of the things people study in their academic time are not any more useable in the practical field. There is some change currently going on in some universities for example MIT is doing big steps to update things for future, an example can be seen on following link:

http://www.nytimes.com/2009/01/13/us/13physics.html?_r=1&pagewanted=1

But still it is not what the NG professionals will look like, this way a good physicist can be produced but not an inventor of next generation. We need bottom to top complete change in the education system, and continue change. Not only the one time change rather a change after every few years.

Sunday, October 5, 2008

Surviving in the new world

The world is flat or round, it is divided in Continents or close as Global Village, one thing is sure that it is changing on high pace. Globalization is not a new phenomena, people who had studies history knows that Roman, Persian or Egyptian empires was as Global as EU, USA or China today. The trade of Silk Road is the one of few well known examples. Residents of this world were exchanging goods and services from very beginning of the human race. The only difference between the Global Village of today and past is speed of communication and transport. In history it took generations to see the effect of innovation. Following are just few examples how the collaboration happen at Global level during different historic periods:
The Sumerians the first known civilization started farming around 9000 BCE. It took 2000 years to reach India, 3000 years to Egypt and 4000 years to China. About 2700 BCE, agriculture had come to America. It was the time period when it requires thousands of years to bring innovation from one part of the world to other parts.
The paper was produced as early as 3500 BC in Egypt. China started early paper making around 105 AD. Use of paper for writing was common in China in this time and later on in Middle East (Baghdad) around 700 AD papers was widely used for books. In this period adoption of an innovation from one part of the world to other part took few hundred years.
From 8th till 12th century technology and innovation took other leap frog under Umayyad Caliphate in Al-Andalus (South Spain). In this time if some thing was innovated it took less than 100 years to be spread around the world. The collaboration and sharing of knowledge gets faster around the world. The next era started from 17th century till 19th century, where it took just 10s of years that a new technology and innovation was known in entire world.
In 20th century it took just a year and specially in last quarter days for some thing to be invented in one part of the world and got known in other part. From last 10 years the information exchange around the world need only few seconds depending on Optical cable path and speed of light. Exchange of knowledge and collaboration was done world wide from the beginning of human race it is just the speed what changed over the period. I am sure it will not stop here, we will see during 21st century that communication can be done faster than speed of light.
It is to be notice that time of adoption gets shorter in the same manner as spread of knowledge and technology. Now the question is how it is affecting our life. A kid born in Sumerians time does not see a big change until his death due to slow movement of technology and adoption. Even until 18th century knowledge gain in early youth was enough to survive till death. So that normal jobs stays same in one to two generations. The people got retired 10 years before might have seen the same that the knowledge they gain during their studies was valid and useable. But they still needed some upgrades every 10 or 5 years. I am sure that the people started their jobs 20 years before see it completely different as they need to update faster and adjust them self according to new environment.
From human resource perspective now it does not matter how much experience some body have, what matter is the speed with which some one can learn some thing new. In order to survive in this ever changing world we need to learn how to adopt change and how to learn fast. A best employ is not who think to work until retirement in the same company rather a best employ is the one who can adopt to change. An employer needs to adopt processes where some one new can be integrated fast and leaving person can be replaced faster. The alarming part is our education system which is still build on 18th and 19th century principles. Governments and educationists need to reform the education system, and this need to be done every 5 years. The change will not slow down now rather the speed will increase. It might look bizarre but I think it is not far that we will invent the ways to communicate much faster than light. I agree with Lisa Randall when she says that there are many more dimensions than what we know today and I think next way of communication have to do some thing with one of new dimension we will invent.

Monday, June 16, 2008

Ricardo Semler - Catalyst of Change

I am impressed by this Brazilian guy due to his innovative ideas about running a successful business.
Could be good learning point for Higher Management of dull and dump blue chips.

http://www.guardian.co.uk/business/2003/apr/27/theobserver.observerbusiness7
http://mitworld.mit.edu/video/302/
http://mitworld.mit.edu/video/308/

I enjoyed these lectures and would completely agree with Ricardo's ideas. There are still things can be improved or changed depending on industry segment but in general this is the way for future.

Wednesday, March 5, 2008

Thomas Friedman on Internet and Green Future

Here is a very interesting speech from Thomas Friedman on today's society, Internet and future of Green energy. I will suggest every one to spare some time to hear this speech.

http://ocw.mit.edu/ans7870/global/milestone/ocw1800-keynote.mp4