Day: May 27, 2010

Car Makers – A complex Web of Alliances

Here is a cool graphic from Financial Times that shows the complex web of alliances between various auto makers (registration required). 

The question in my mind is how do you synchronize and manage R&D is this environment?  Any learning whether from innovation or from risk/failure in one organization has to filter through to all related – because their products, subsystems and components are tied together at the hip.  How does one keep track of all of that?  Maintaining that flow  Managing IP and all the confidentiality will also be a nightmare.

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Team recognition (as opposed to individual)

Recognizing teams for their contribution and balancing that with individual recognition has always been rather difficult.  The Corporate Executive Board has a nice list to factors to keep in mind.
  • Recognize team behavior and accomplishments. It’s one thing to recognize a team for achieving a particularly difficult goal. It’s another to hold them up for the way in which they achieved that goal. Whether you are giving the team an award, acknowledging their accomplishment on the intranet or in a newsletter, or simply saying job well done in a meeting, talk about the specific behaviors that enabled them to achieve what they’ve done together.
  • Do team reviews. Teamwork can often fall apart at review time when people are most concerned with their individual performance. Conduct a team review where you bring the team together to talk about their progress. Ask questions, such as: how did we perform as a team? Did we meet our goals? This may be done at the end of a project or at important milestones in a project.  Take this opportunity to recognize the team for the work it has done together.
  • Encourage employees to recognize peers. Recognition from superiors isn’t the only form of recognition that matters, or motivates. Knowing that your team thinks you’re doing a good job is important to keeping people engaged. Encourage team members to recognize each other for a job well done. Allow a few minutes at the beginning or end of team meetings for team member to recognize their fellow team members who have gone above and beyond.

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