Notes on Management 010222

 By VR Ferose

Innovations happen when different kinds of people come together and do fundamentally different things. We can get inspired by social entrepreneurs who are at the forefront of innovation and they do so under extreme conditions for a cause.

Surround yourself with people who are better than you in at least one aspect, create a team, not a coterie. A misfit in a certain role could be a perfect fit in a different role.

The best innovations always happen under constraints of resources, time, and money. Challenge people to find radically different solutions and speed up processes.

Sometimes the best decision you can make is to not make one, wait to get more clarity before deciding. Good leaders can look at data and analyze it in novel ways. The role of great advisors is vital.

Look at failure as feedback. If you want to improve, you will have to do things differently and also do different things. The ability to take risks without excessive worry about failures is important. Start-ups don’t always do well but people who do start-ups always do well.

The best learnings come from looking at completely different and unconventional sources. So keep challenging the traditional way of viewing things. The most innovative companies are going to be those which have people who are good at different things.

The future workplace will have more managers on contract, and employees will be able to decide what they work on and who they work for. People will play a key role in running organizations, so it would be a more top-down structure.