Hiring the most talented and diverse individuals is the key to success. True innovations happen once trust develops and we commingle the strengths of our best resources.
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SEEDS OF INNOVATION; THEY ARE A SCATTERIN’
Approximately half of the world’s population has access to the Internet. And thanks to technology advancements and globalization, innovation can happen anywhere. Innovators around the globe have access to key ingredients of innovation and are hungry to make a difference for themselves, their families, communities, cities, countries or humanity in general. Like dandelion seeds in a high wind, innovation has been scattered globally and taken root like an invasive species.
Here in the United States, many of us don’t appreciate how dramatic of a shift this truly is, nor do we necessarily fathom how a leveled playing field will spur innovation globally. During some recent research, it was apparent that global innovation has already taken off and that innovators are solving problems and creating products. Whether it’s a person, a small group of people, or companies, innovators of the world are no longer constrained by traditional borders.
For brevity, during my research noticeable areas of change, were the spin up of freelancers worldwide. They might be consultants or gig based laborers, but they are no longer constrained to a traditional employer/employee model. These entrepreneurs are enabled by the support mechanisms of prosperity (education, healthcare, opportunities, e-commerce and monetary systems) to succeed in the world where the future of work appears to be headed toward opportunity based engagements.
The most devastating threats to the American way of life may well be our pride, failure to understand how critical education will be, and growing protectionist views. If we are to stay on the leading edge, we must ensure that we foster the vibrant growth of innovation and eliminate any barriers that might dissuade it!
Look no further that a window, those phone/cable lines are examples of legacy technologies that hang around. While we may utilize one to access the Internet in our homes, the other is dying. We now have full Internet access on our mobile devices. As unlimited data becomes ubiquitous, the question soon will be “why do we still have a DSL/Cable connection?” We must prevent legacy items from slowing us down.
Make no mistake; American ingenuity is being challenged more with each passing day. Anything that might discourage entrepreneurship must be eliminated to ensure that our American ingenuity continues with a leadership position. As you look around the world, it is very clear that the seeds of innovation are already growing rapidly.
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THE RISE OF FRACTIONAL MANAGEMENT SERVICES
In today’s world, many businesses are stressed by the yelpification of their services and the glassdoorification of their salaries, benefits, and leadership styles. Many are also faced with unprecedented pressures to transform their businesses, to prepare for new disruptive competitors, or existing competitors gaining capabilities. These issues are further complicated by rapidly evolving digital technologies and the coming of AI.
As we enter 2017, hiring the best and the brightest has become a necessity to ensure viability. Competitive pressures are also being complicated by shortages of highly skilled individuals. In 2017, training programs will be more critical than ever, but salaries must be reviewed and adjusted, as new skills are mastered. Employers must also maintain a healthy work/life balance to prevent the malaise and discontent that develops when turnover rates become too high.
The days of employer/employee loyalty have long since passed. Today if we see a resume where an employee has stayed at a company for more than five years, we must ascertain if the candidate was advancing, or it might be a red flag. Many of us have also seen resumes where candidates change jobs as frequently as automobiles are traded.
Businesses need to tap into broad-based knowledge and skills using an On-demand model. This would help drive innovation, and facilitate revenue growth, while maintaining lean principles. Managers at all levels have a difficult time focusing and allocating enough attention to assigned tasks, let alone new ones that pop up. Valuable tasks must be automated whenever possible. Eventually, even the best and brightest may become overwhelmed, but not want to admit it.
Fractional managers have proven expertise and can serve as a trusted advisor to help businesses navigate short-term challenges. Fractional managers can assist companies in developing key players, balancing workloads when growth accelerates, or as big projects launch. They can also provide valuable skills in areas where they might be lacking or still developing.
Temporarily filling a vacant position when a manager unexpectedly gives notice can also be a healthy way to transition roles and discern if any changes might improve productivity. This interim approach also alleviates the inherent desire to fill a management vacancy rapidly. Interim managers can also assist with the transition by augmenting knowledge as needed. Once fractional managers are integrated, they can provide strategic input when others are too busy to brainstorm. Fractional managers can assist when a full-time position is not yet warranted.
The profile of a fractional manager is someone who prides themselves on being knowledgeable on a broad array of topics and is skilled at researching, comparing, selecting, implementing, and measuring. It is something that might be wired in their DNA. They thoroughly enjoy learning and consolidating information from multiple perspectives, and then balancing it with known outcomes to expand their depth and breadth of knowledge.
#FractionalMgmt, #FutureofWork, #GigEconomy