Should you go on a quest to the developing world?
Leaders' Quest founder Lindsay Levin wants CEOs to start thinking about the bigger picture. She arranges for executives to meet the "little guys" affected by their companies, such as people who scrape a living by rummaging through India's garbage and poor migrant workers in remote corners of rural China. The meetings can encourage leaders to rethink their strategies, Levin says. "That day changed us, it changed our business," one CEO told her. "It forced us to look at our priorities differently." The Daily Beast/Women In The World (7/7)
Your MBA doesn't make you a born leader
Getting an MBA doesn't automatically make you a leader or guarantee success in business, says Ken Lombard, a partner at Capri Capital Partners. "Don't think that when you get out of this institution with your degree that now you walk on water," he warns. "This should make you hungrier than you've ever been, because there are people who are coming out with fewer credentials who are very, very hungry." The New York Times (tiered subscription model) (7/7)
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Crocs goes global, diversifies to survive
Crocs, maker of love-them-or-hate-them rubber clogs, saw its market value soar past $6 billion in 2010 before collapsing amid competition and consumer fatigue. Now, under new leadership, the shoemaker is bouncing back, thanks to a strategy that focuses on promoting non-clog styles to U.S. consumers and on breaking into global warm-weather markets. Bloomberg Businessweek (7/3)
How to keep your workers happy this summer
Are your employees getting hot and bothered this summer? To avoid a productivity slump, it can pay to give your workers extra downtime, perhaps by instituting shorter hours on Fridays or holding company mini-retreats. "[W]hile the beach is an ideal break place, any break is good and healthy for the company," says Scott Ferreira of MySocialCloud. Inc. online (free registration) (7/5)
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| Innovation and Creativity |
The shocking truth about creativity
Brain researchers say they can make people more innovative by passing an electrical current through the prefrontal cortex of their brain. The effects are short-lived, however. "My advice to people in creative fields is to be attuned to your state of mind. If you're more focused, work on those things that require focus. And vice versa," says Dr. Sharon Thompson-Schill, head of the Center for Cognitive Neuroscience at the University of Pennsylvania. FastCoCreate (7/3)
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Planning a holiday in Cambodia? Try a worker-owned hotel
At the Soria Moria in Cambodia, the doormen, receptionists and service staff are co-owners. It's part of an experiment designed to help end worker exploitation and spur employees to take pride in their jobs, says hotel co-founder Kristin Hansen. "Most of them are from farmer families; they've grown up living under the poverty line, living on less than a dollar a day. So to suddenly become a business owner, it's a big step," she says. National Public Radio (7/5)
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Good leadership is a question of character
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YouTube/John Baldoni
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Good leaders need to show "resilience, integrity, resourcefulness, professionalism and ambition," says Jeff Nelson of the One Goal organization, which works with disadvantaged Chicago minors. That's really another way of saying that leadership is all about character, says John Baldoni in this video. "Character is essential to leadership, and so educators and executives alike are wise to focus on it," he says. SmartBrief/SmartBlog on Leadership (7/5)
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Ice bar is NYC's newest hotspot
A bar in midtown Manhattan is built entirely from blocks of ice, down to the glasses. Visitors to the Minus5 Ice Bar can pay for parkas and gloves to help them weather the 23-degree Fahrenheit temperature. "This is the only bar in New York where your beer gets colder as you drink it," said operations chief Noel Bowman. New York Post (7/5)
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If something has worked before, and it applies to what you're doing, you should figure out how you can run with it."
-- Ken Lombard, partner at Capri Capital Partners, as quoted in the New York Times
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