Amazon’s Jeff Bezos Outlines How He Tries to Keep Retail Giant in Startup Mode

13. April 2017

Date: 13-04-2017
Source: The Wall Street Journal

In a shareholder letter, Mr. Bezos stressed the importance of putting customers first and staying nimble

Amazon.com CEO Jeff Bezos earned a base salary of $81,840 last year, and because of his large stake in the company, has never taken stock-based compensation.

Amazon.com Inc. Chief Executive Jeff Bezos says he recently thought a new show the Amazon Studios team was considering was too boring and complicated to produce. But he gave it the green light anyway because the team thought it had potential.

Mr. Bezos told his team, “I disagree and commit and hope it becomes the most watched thing we’ve ever made,” he wrote in a shareholder letter published Wednesday. “Consider how much slower this decision cycle would have been if the team had actually had to convince me rather than simply get my commitment.”

The letter, an annual exercise, offers a window into Mr. Bezos’s management philosophy, describing how he can disagree with employees but still back their projects, as well as his opposition to relying on market research and other core company tenets.

Amazon also released data on compensation, which showed Andy Jassy, who runs the Amazon Web Services cloud division, was the top earner at $35.6 million last year, including stock awards. Read the rest of this entry »


How AI Is Transforming the Workplace

13. March 2017

Date: 13-03-2017
Source: The Wall Street Journal

Artificial intelligence is changing the way managers do their job—from who gets hired to how they’re evaluated to who gets promoted

The growing use of AI in the workplace raises many questions. Among them: Is it too intrusive?

Move over, managers, there’s a new boss in the office: artificial intelligence.

The same technology that enables a navigation app to find the most efficient route to your destination or lets an online store recommend products based on past purchases is on the verge of transforming the office—promising to remake how we look for job candidates, get the most out of workers and keep our best workers on the job. Read the rest of this entry »


The Benefits of Being Distracted

29. November 2016

Date: 29-11-2016
Source: The Wall Street Journal

Older people’s lack of focus is associated with greater creativity in problem solving, studies show

Most people are more easily distracted as they get older. There might be a benefit to that.

Research is finding that greater distractibility and a reduced ability to focus—what scientists call decreased cognitive control—is often associated with greater creativity in problem solving. It also can facilitate learning new information, according to a review of more than 100 studies that was published in the journal Trends in Cognitive Sciences earlier this month.

There are things that people learn faster and remember better when they are not exercising careful control over what they’re doing,” says Lynn Hasher, a psychology professor at the University of Toronto and senior author of the study. “Younger adults are focused on their goal and they’re missing all this other information. Read the rest of this entry »


How a $250 Billion Industry Lost Its Bad Reputation

2. November 2016

  Looks like a lot of rubbish in its conclusions! (hfk)

Date: 02-11-2016
Source: The Wall Street Journal

kipping-bookA new book charts the evolution of management consulting

Frederick Winslow Taylor popularized the notion of restructuring factory operations to strip out wasted movements. Taylorism was widely used to optimize work processes. Above, assembly-line workers inside the Ford factory in Dearborn, Mich., in 1928.

Before the term “management” referred to a multibillion-dollar industry with enormous influence over business practices, it applied to women’s skills overseeing their households. The first management best seller was “Beeton’s Book of Household Management,” a cookbook published in 1861.

Today, management advice is everywhere—taught in business schools, practiced by consulting firms, and disseminated by Harvard Business Review and The Wall Street Journal. Even the Vatican engaged McKinsey & Co. and other consulting firms recently. Read the rest of this entry »


Employers Find ‘Soft Skills’ Like Critical Thinking in Short Supply

31. August 2016

Date: 31-08-2016
Source: The Wall Street Journal

Companies put more time and money into teasing out job applicants’ personality traits

Many jobs that can’t be automated or outsourced require such ‘soft skills’ as critical thinking, empathy, or other abilities that computers can’t easily simulate.

The job market’s most sought-after skills can be tough to spot on a résumé.

Companies across the U.S. say it is becoming increasingly difficult to find applicants who can communicate clearly, take initiative, problem-solve and get along with co-workers.

Those traits, often called soft skills, can make the difference between a standout employee and one who just gets by. Read the rest of this entry »


Replacing Steve Jobs: How Apple CEO Tim Cook Has Fared Five Years Later

22. August 2016

Date: 22-08-2016
Source: The Wall Street Journal

Cook CCThe ultimate question facing Tim Cook five years into his tenure as chief executive: Are Apple’s best days behind it?

One of the most important succession plans in corporate history will hit a milestone this week.
Five years ago, Apple Inc.’s iconic and visionary co-founder Steve Jobs passed the torch to his handpicked successor, Tim Cook. The official transition took place six weeks before Mr. Jobs passed away.

Now Apple is the world’s largest company by market value and remains one of the most influential. Its $53 billion in net income last year was greater than the combined earnings of technology behemoths Facebook Inc., Google’s parent Alphabet Inc., Amazon.com Inc. and Microsoft Corp. Apple recently sold its billionth iPhone. Read the rest of this entry »


Best-Paid CEOs Run Some of Worst-Performing Companies

25. July 2016

That’s what I would call “meritocracy”, isn’t it? (hfk)

Date: 25-07-2016
Source: The Wall Street Journal

Analysis by MSCI calls into question the idea that high CEO pay helps drive better results

MSCI found that $100 invested in the 20% of companies with the highest-paid CEOs would have grown to $265 over 10 years. The same amount invested in the companies with the lowest-paid CEOs would have grown to $367.

The best-paid CEOs tend to run some of the worst-performing companies and vice versa—even when pay and performance are measured over the course of many years, according to a new study.

The analysis, from corporate-governance research firm MSCI, examined the pay of some 800 CEOs at 429 large and midsize U.S. companies during the decade ending in 2014, and also looked at the total shareholder return of the companies during the same period.

MSCI found that $100 invested in the 20% of companies with the highest-paid CEOs would have grown to $265 over 10 years. The same amount invested in the companies with the lowest-paid CEOs would have grown to $367. The report is expected to be released as early as Monday. Read the rest of this entry »