Why management matters for productivity. Catching up to the labor-productivity benchmark established by the United States’ performance and expanding that frontier further ultimately will depend on the actions of individual firms and their management teams—influenced, of course, by the government policy context in which they operate.
(For a broader view of productivity from the McKinsey Global Institute, see “A productivity perspective on the future of growth.”) How does the view from the trenches in those firms compare with MGI’s country- and sector-level one? It’s quite consistent, according to research on the relationship between management practices and firm-level productivity. McKinsey conducted that research over more than a dozen years, in conjunction with the Centre for Economic Performance at the London School of Economics and partners from Stanford and Harvard universities. Our study now spans roughly 14,000 organizations in more than 30 countries.
Exhibit 1 Enlarge Exhibit 2 About the authors. Antidepressant Effexor Recall: Pharmacist Discovers Different Drug in Bottle. First Posted: Mar 09, 2014 02:07 PM EDT Pfizer Inc. announced Thursday that it is recalling the antidepressant Effexor XR along with other generic versions of the drug due to the discovery by a pharmacist that a different drug was contained in some bottles of Effexor.
(not pictured here.) (Photo : Flickr) Pfizer Inc. announced Thursday that it is recalling the antidepressant Effexor XR along with other generic versions of the drug due to the discovery by a pharmacist that a different drug was contained in some bottles of Effexor. Like Us on Facebook "Although Pfizer has not received any other such reports, these three lots are being voluntarily recalled as a precaution because they were packaged on the same line," Pfizer said, via an announcement. The drug Tikosyn was allegedly found in some, which has the potential side-effect to cause atrial fibrillation. At this time, pharmacists have been asked to quarantine and return all recalled lots, according to a recent statement made by the FDA.
Four ways to overcome your blind spots. Too often, leaders demonstrate certain behaviors that can sabotage their success and undermines both their career and their organization.
To succeed as a leader, you need to learn how to recognize your blind spots and overcome them appropriately. Let’s be honest. We all have blind spots—destructive behaviors that are invisible to us but obvious to everyone else. Our leadership blind spots can create dire and unintended consequences for our team and organization. No one is immune to blind spots, of course. Blind spots are not flaws; nor are they malicious. John C. As leaders, how can we avoid the potential danger for yourself and your organization?
Step back and evaluate. Lean Startup. YouTube. How to 10x Your Influence. Leaders frequently make miscalculations in trying to influence change.
Often, they bet on a single source of influence rather than tap into a diverse arsenal of strategies. Our latest research shows that the main variable in success or failure is not which sources of influence leaders choose, but rather how many. Influencers succeed where others fail because they know persistent problems are rarely fed by a single cause. Instead of looking for the minimum it will take to accomplish change, influencers combine a critical mass of different kinds of influence strategies.
To arrive at this conclusion, we studied nagging organizational problems such as bureaucratic infighting, lack of collaboration, and low compliance with quality or safety standards. The evidence is clear. The Six Sources of Influence: Our model organizes influence strategies into six sources. True influencers understand that human beings are capable of fundamentally transforming their experience of almost any activity. The Movement That Is Transforming How New Products Are Built And Launched.