In 2016, we have reached a new turning point in performance management. In a study reported in the Harvard Business Review (April 2015) Deloitte found that more than half of the executives (58%) in a public survey “believe that their current performance management approach drives neither employee engagement nor high performance.” In a new report entitled Reengineering Performance Management Dr. David Rock, Beth Jones & Camille Inge of the NeuroLeadership Institute, the authors note that 50-70 large companies have abolished ratings-centric performance management systems in just the past few years. Where does 360 fit into a new system based of real-time, robust conversations led by leaders skilled at helping employees grow?
Welcome to Team New England’s new leadership blog. Leadership is a hidden gem inside of all of us that is waiting to be brought out into full daylight. We all lead our own lives and most of us have been pretty good at that considering the complexity of today’s rapidly changing world. Yet so many people think that true leaders are few and far between. Admittedly, if you follow the news, it is sometimes hard to find great examples of truly awesome leadership! But the reality, not covered by the news, is that millions of people exemplify excellent leadership everyday.
Engineers rule. Literally. Researchers at SpencerStuart found that 33% of the S&P 500 CEOs have undergraduate degrees in engineering compared with only 11% in business administration. A 2012 study of 36 million Facebook profiles found that company founders and CEOs across all industries are more than three times more likely hold advanced degrees in engineering over business.
Recently, I had an exciting opportunity to lead two panel discussions on innovation and leadership at a corporate R&D event where research partners from several prominent engineering schools were invited to share new developments. R&D engineers and faculty members discussed the challenges of creating an environment where innovation emerges and flourishes within their organization.