Archives for October 2021

One of HBR’s 10 must reads 2023: Drive innovation with better decision-making

Photo of a lightbulb by Diego PH on Unsplash

***This article has been selected for HBR’s 10 Must Reads 2023: The Definitive Management Ideas of the Year from Harvard Business Review – coming in October!***

Don’t let old habits undermine your organization’s creativity.
By Linda A. Hill, Emily Tedards, and Taran Swan
in Harvard Business Review

Despite their embrace of agile methods, many firms striving to innovate are struggling to produce breakthrough ideas. A key culprit is an outdated, inefficient approach to decision-making.

Today’s discovery-driven innovation processes involve an unprecedented number of choices, from which ideas to pursue to countless decisions about how to conduct experiments, what data to collect, and so on. But these choices are often made too slowly and informed by obsolete information and narrow perspectives.

To align their decision-making processes with agile approaches, businesses need to include diverse points of view, clarify decision rights, match the cadence of decisions to the pace of learning, and encourage candid conflict in service of a better experience for the end customer. Only then will all that rapid experimentation pay off.

In the November-December 2021 edition of Harvard Business Review, co-authors Linda A. Hill, Emily Tedards, and Taran Swan suggest best practices for these interventions, drawing on the story of the transformation at Pfizer’s Global Clinical Supply, which would go on to play a critical role supporting the rapid development of the pharma giant’s Covid vaccine.

About the authors

  • Linda A. Hill is a founding partner at Paradox Strategies and the Wallace Brett Donham Professor of Business Administration at Harvard Business School. She is author of Becoming a Manager and coauthor of Being the Boss and Collective Genius.
  • Emily Tedards is a research associate at Harvard Business School.
  • Taran Swan is a managing partner at Paradox Strategies.

Paradox Strategies is again named a Top 10 diversity and inclusion company

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For the second consecutive year, Manage HR has named Paradox Strategies to its Top 10 Diversity and Inclusion Companies for its innovative DEI solutions to help customers overcome challenges in diversity, equity, and inclusion.

“The featured companies are frontrunners in the market owing to their comprehensive features and extensive technology innovation,” the magazine’s website states. Award recipients are nominated by Manage HR subscribers.

Paradox Strategies is featured in an article in the magazine’s recent diversity and inclusion edition that recognizes both emerging and top 10 diversity and inclusion companies. The article is about how we work at the intersection of innovation and inclusion to show how effective leaders deliver growth and performance by embracing an organization’s collective talents.

In this interview with Manage HR Magazine, Founding Partner Dr. Linda Hill and 2 of our managing partners, Cheryl Whaley and Taran Swan, share insights into strategies for nurturing individual differences to unleash an organization’s full potential. (Access a PDF reprint of the full article here: Paradox Strategies: Leveraging Cutting-Edge Research to Drive Innovation.)

“There is no question that a diverse and inclusive work environment can help an organization attract top talent and drive innovation. But you can’t take for granted that this will happen naturally,” the three state in the article. “To realize the benefits of diversity and inclusion, organizations need to follow best practices. Paradox helps companies and other groups define these approaches in the context of their own particular circumstances.”

We also landed on the Manage HR Top 10 list last year. Here’s what’s changed since then:

As the world emerges from the Covid-19 pandemic, companies are keen to become more agile and innovative: they have seen the need for flexible thinking and action. But they can’t do it without embracing diversity of thought within their ranks; this is what prepares them to cope, even to thrive, in environments like today’s, rife with uncertainty