98% of the 28 million jobs created in the U.S. over the past two decades were in areas such as health care, retail, and hotels that produce un-exportable goods and services, says A. Michael Spence, the Stanford economist and Nobel laureate.
Now that the 2008 downturn has sapped demand and made job growth in those sectors a faint hope, the U.S. will have to spur job creation by reinvigorating „tradable“ areas such as manufacturing. That means investing in infrastructure and education, Spence says.
[Source: HBR]
For generations, Procter & Gamble generated most of its phenomenal growth by innovating from within-building global research facilities and hiring the best talent in the world. Back when companies were smaller and the world was less competitive, that model worked just fine.
But in 2000, newly appointed CEO A.G. Lafley saw that P&G couldn’t meet its growth objectives by spending greater and greater amounts on R&D for smaller and smaller payoffs.
… mehr
If you’re like most people, you’re overwhelmed with how much you have to do and frustrated by all the things you can’t finish. The reality is that there isn’t enough time to do it all. Once you admit that, you can explicitly choose what you are going to do.
Instead of letting things haphazardly fall through the cracks, you can intentionally push unimportant things aside and focus on the things that matter. Don’t instantly react to the needs that land on your desk; make deliberate choices that will move you toward your goals. You also need to make conscious decisions about what not to do.
[Source: HBR]
The average length of an elevator ride in New York City is 118 seconds. If you use that as a guide, it means you’ve got less than two minutes to deliver a winning elevator pitch for your amazing new idea—wherever you are.
Start by grabbing your prospect’s attention in the first few seconds. Convey who you are and describe what your business offers. Focus on what’s in it for the person you’re pitching. Be sure to describe exactly what separates you from everyone else that sells the same product or service. If you hook her in, you might get to continue the discussion when you arrive at her floor.
[Source: HBR]
Employer-provided training has the same effect on job satisfaction as a 17.7% net wage increase, according to a study of nearly 5,000 workers in Spain by Santiago Budría of the University of Madeira.
Other studies showing low productivity gains from training are overlooking the subjective benefits of on-the-job learning, Budría suggests.
[Source: HBR]
