
Top News
A theme that many of the speakers at last week’s World Innovation Forum in New York City returned to again and again was how companies can think about the systematization of innovation. Author Daniel Pink spoke in particular to the practical problem of designing reward systems that encourage innovative activity, for which traditional "carrot and stick" programs are ineffective. (MIT/Sloan Management Review)
Visit http://sloanreview.mit.edu/improvisations/2011/06/13/why-giving-employees-paid-unstructured-time-pays-off/ to view the full article online.
Education
A few years ago, going to graduate or professional school seemed like a smart way to wait out a miserable economy. Students who picked up an extra degree may now be wondering if it was worth the time and expense. In terms of salary expectations, the answer is yes. (Kiplinger's)
Visit http://www.kiplinger.com/magazine/archives/does-grad-school-pay-off.html to view the full article online.
NBMBAA
Don't miss this year's amazing line-up of speakers, educational sessions, career opportunities and networking. Spots fill up fast, to register early for access to the events you want to attend.
Visit http://www.nbmbaaconference2011.org to view the full article online.
Entrepreneurship
Reputation has always been another form of income, and successful people have long found innumerable creative ways to monetize their time. Now a start-up called Expert Insight is trying to make the process far easier, enabling the more famous or distinguished among us to sell their expertise by the hour. (Slate)
Visit http://www.slate.com/id/2296822/ to view the full article online.
While feedback from potential customers isn't always easy to hear, testing ideas in the marketplace early can help set up a business for success. It's also a core tenet of a groundbreaking course in entrepreneurship introduced at Stanford this past spring. The class, called Lean Launchpad, throws students head-on into creating a company and tweaking its business model – making changes called "pivots" – as they test it in the real world. (Entrepreneur)
Visit http://www.entrepreneur.com/article/219772 to view the full article online.
Personal Finance
It's no secret that warehouse stores can offer compelling value. The markup over wholesale prices averages about 14%. Compare that with a 25% to 50% markup at conventional retailers, and you're talking substantial savings. There's no guarantee that every item on your shopping list is a better buy at a warehouse store, however. (Kiplinger's)
Visit http://www.kiplinger.com/quiz/warehouse-store-deals/ to view the full article online.
Corporate America
Starting in late 2006, Goldman Sachs made trades that would pay off if the housing market tanked. Was this a massive bet that the housing market was going to crash, as Goldman's critics maintain? Or was it merely a hedge, an attempt by the firm to reduce its risk, as Goldman claims? (Slate)
Visit http://www.slate.com/id/2296521/ to view the full article online.
Investors see the rise of Internet-based audio services as a real threat to companies delivering audio content via other channels, even if they're still just a fraction of the size in financial terms -- at least, that seems to be the implication of stock market movements following Pandora's initial public offering on Wednesday. (MediaPost)
Visit http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=152497 to view the full article online.
Leadership
Everyone complains about his or her boss from time to time. In fact, some consider it a national workplace pastime. But there's a difference between everyday griping and stressful frustration, just as there is a clear distinction between a manager with a few flaws and one who is incompetent. (Harvard Business Review)
Visit http://blogs.hbr.org/hmu/2011/06/dealing-with-your-incompetent.html to view the full article online.
Lifestyle
Jetsetters have 5.7 billion reasons to be frustrated with extra fees that airlines charge passengers. That's the sum in dollars that U.S. airlines collected from baggage and change/cancellation fees alone in 2010. But how much is $5.7 billion in the context of a slew of airlines, millions of passengers, and all of the other revenue these companies collect each year? And what other sorts of hidden fees aren't even accounted for here? (The Atlantic)
Visit http://www.theatlantic.com/business/archive/2011/06/airline-fees-hit-57-billion-here-are-12-thatll-drive-you-nuts/240524/ to view the full article online.
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