What HR needs today ?

What HR needs today ?  

What does HR need today ?

In the complex environment that Business Leaders operate in, HR needs the Right Mindset & Velocity – The ability to move at a fast pace yet deliver the results and make an impact. HR needs Innovation. When was the last time when you heard of a truly innovative HR practice?
My big idea is that the world of HR today needs Intraprenuers. So, who are Intrapreneurs , what are their characteristics and what do they do ?
Intraprenuership is the act of behaving like an Enterprenuer while working for a large organization. Intrapreneurship is known as the practice of a corporate management style that integrates risk-taking and innovation approaches, as well as the reward and motivational techniques, that are more traditionally thought of as being the province of entrepreneurship. – Wikipedia

Your company’s culture is your Brand. What does the culture of your company signify ? Do employees feel empowered to take risks and innovate ? Or do they wait for permission from formal authorities and chain management ? That is truly telling of a company’s culture.
What is the collective response to failed projects in the organization? That determines Talent attitude to try things until successful, learning from failures, attempting to conserve resources and become an intraprenuer.
Intraprenuers are self motivated individuals , creative and risk takers. Intraprenuers think and behave like owners. For entrepreneurial types, the increase in red-tape and bureaucracy in a large organization can be unbearable. They are always looking for new, better and smarter way of doing things in a large organization.
Some of the typical characteristics of intraprenuers –

  1. They embrace failures and mistakes.
  2. They are looking for newer ideas.
  3. They are always learning and always curious
  4. Money isn’t their primary motivator
  1. They aren’t afraid to ask questions.

Intel has a tradition of implementing intrapreneurship. Google is also known to be intrapreneur friendly, allowing their employees to spend up to 20% of their time to pursue projects of their choice.

Nurturing Intrepreneurs
If you are interested in tapping into the potential of your intrapreneurs to foster innovation in your organization , then HR needs to do this – Acknowledge, Identify, Welcome their ideas, Give them a chance and Forgive them for mistakes or failures.
They are driven by the need to create something new and better and create a better world. After all , that’s how innovation would take place in HR .

P.S – I am going to be at SHRM India Annual Conference, the most exciting and premier HR event in India. The Theme- Velocity – Speed of Execution and Focus in Business is exactly what HR needs today. Hope to see you there too. www.shrmiac.org

Refrences –
http://alanphilips.com/2013/10/10/hbr-intraprenuers/
http://tribehr.com/blog/how-to-spot-and-nurture-your-intrapreneurs

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Innovation in Education

Anyone who has been reading my blog for quiet a while now would know that I am a LifeLongLearner. I  have deep interest in Learning, Education . ChoicesI have made at various stages of my Career are testimony to that. Attending Edgex meeting Educators and having conversations on the topic of Education was one of the highlight this year. I came across an interesting  article recently  “Innovation is the key to bettereducation ( Source  http://www.brookings.edu  ) . It is surprising and astonishing to note R&D spending by sectors. Overall US spends about 3% of its total expenditures on R&D.  While Pharmaceutical companies Top the chart with  figures as high as 23% ( not surprised )  however Education R&D spending is only 0.2% (!!!) .  Does it mean that in US, education sector by far has remained immune or impervious to Innovation ? What could be the reasons that has Education sector attracted least R&D as compared to other sectors till date ?  Is the political clout of US Universities comparatively less compared to Pharma companies to attract R&D budget from US Govt ? Is Education sector ready to be disrupted through  Innovation / Emerging Technologies ? Is that the reason why Coursera offering MOOCs is a huge success and instant hit ?  Probably, Economics alone won’t be able to solve the problems in society especially in matters of Public Policy. Society needs more Behavioral Scientists. Society needs more Behavioral Economists. Do we have enough platforms where behavioral economists are asked to join the conversation on Innovation in Education and share their voice ? My introduction to the field of Behavioral Economics has been through Prof Dan Ariely .  It would be interesting to read his further thoughts on challenges Education sector faces and his take on what  would prototype of the solutions for Education sector might look like.  

P.S. – I “Hope” for a world where both Education & Healthcare is free to 7.147 billion people on Earth 🙂

Social Hotspots

I just coined the term “Social hotspots” ( Inspired from Lynda Gratton ) ! Social hotspots occur in collaborative spaces when people are aligned to common shared GOALS and when Social Neworks & Social platforms are the enablers & act as catalysts to fasten the process.
See diagram below and tell me from which quadrant do you think it is easy to move to Q4 ? if Innovation is what Business want in present times .