Sustainable Growth:

Synergy

Leveraging Diversity

Harnessing the Power of Diversity – the Power of Integrated Opposites

By: Vadim Kotelnikov

Founder of:Ten3 Business e-Coach – Inspiration and Innovation Unlimited!

"What sets GE apart is a culture that uses diversity."  

Jack Welch

 

10 Rules for Building a Great Business

Smart Business Architect

 

10 Commandments of Innovation

  • Synergize: Cross-pollinate ideas, leverage diversity, create synergies... More

Perfect Brainstorming

10 Rules

  • Involve everyone. Encourage everyone to contribute. Control dominating participants. Celebrate diversity. Use different techniques to draw ideas from group... More

The Tao of Sustainable Growth

  1. YIN (passive, accepting side). Outside-In: look at your business from the outside-in, knowing your customer, understand customer perceptions as well as needs of all stakeholders, and working towards satisfying them.

  2. YANG (active, aggressive side).  Inside-Out: create new market niches and customers by inventing new-to-the-world products, mastering radical innovation, venture strategies, competitive strategies and differentiation strategies.

The Tao of Business Success

Corporate Culture

Strategies for Building a Growth Culture

  • Look for alternatives before seeking closure... More

5 Strategies for Creating a Culture for Innovation

Systemic Innovation Harnessing the Power of Diversity Innovation Systemic Innovation Balanced Approach to Business Systems Cross-Functional Teams Building Your Cross-Functional Excellence Russian Innovators: Strengths and Weaknesses Continuous Innovation Strategy Competitive Advantages of American and Japanese Firms Managing Cross-cultural Differences Vadim Kotelnikov (personal website) 1000ventures.com Ten3 Business e-Coach: why, what, and how Cultural Differences: Chinese vs. Americans

Business BLISS

Balance – Leadership – Innovation – Synergy – Speed

Diversity as a Managerial Approach

Unleashing the Power of Integrated Opposites

  • developing innovative services and products for diverse customer groups by sharing of diverse experiences and cultural insights of workers

  • solving problems creatively by looking at "the same landscape with different eyes" and cross-pollination of ideas

  • achieving synergy by leveraging the power of critical opposites

Solving Problems Created by Diversity1

  • treating people first and foremost as individuals

  • acknowledging the special circumstances or particular context that may lead to exclusion for some groups of people

  • working to change that situation

  • developing a workforce within which people are valued for the contribution they make

The Jazz of Innovation

11 Practice Tips

  • Build cross-functional expertise to harness the power of diversity and discover synergies... More

The Balanced Manager

Effective leadership demands a delicate balance between:

Leadership-Management Synergy

 

The GE Leadership Effectiveness Survey (LES)

  • Values and promotes full utilization of global and work force diversity.

  • Fully utilizes diversity of team members (cultural, race, gender) to achieve business success... ... More

5 Strategies for Creating a Culture of Questioning

  • Do Differently: Encourage people to challenge assumptions; run “The Best Question” contests... More

17 Indisputable Laws of Teamwork

  • The Law of the Niche: All Players Have a Place Where They Add the Most Value... More

Diversity Defined

Diversity is a specialized term describing a workplace that includes:

  • people from various backgrounds and cultures, and/or

  • diverse businesses.

The Power of Taking a Different View

It was by taking a different view of a traditional business that major innovations were achieved.

 

To find a better creative solution to the current practice, force yourself to reframe the problem, to break down its components and assemble them in a different way.

Steve Jobs' 12 Rules of Success

  1. Ask for feedback. Ask for feedback, from people with diverse backgrounds.... More

Smart Executive

Leveraging Opposite Forces

You can inspire innovation and find a strategic competitive advantage in an organizational and cultural context by seeking to leverage, rather than diminish, opposite forces.

People with different cultural, educational, scientific, and business backgrounds will bring different frames of reference to a problem and can spark an exciting and dynamic cross-pollination of ideas.

Systemic Innovation: 7 Areas

"An important but widely overlooked principle of business success is that integrating opposites, as opposed to identifying them as inconsistencies and driving them out, unleashes power," writes Mark Stevens.3 "This is true on both a personal level (the balanced manager is more effective than his or her peer at one end of the control spectrum) and on organizational level as well... On an organization level we accept the existence of hard and fast dichotomies because this binary perspective helps to rationalize personal styles, viewpoints, and structures. Polarized thinking is simplistic and misleading. In the business world, ideal approaches are generally painted in gray as opposed to black and white." To be successful in today's complex, rapidly changing and highly competitive world, you must embrace and manage critical opposites.

 Case in Point  Hewlett-Packard Way

To create an organization that could sustain its competitive advantage regardless of marketplace whims and what their competitors were building, HP founders based their corporate culture on the integration and reinforcement of critical opposites. This became known as the Hewlett-Packard Way. HP has achieved "what appears to be the greatest dichotomy: creating an environment that celebrates individualism, but at the same time one that is also wholly supportive of teamwork. Although HP people are taught to engage in cross-functional teams, they are also rated on the performance of decentralized business units and personal achievement."3

Integrated Diversity

"Integrated diversity" is a term used by Jack Welch, the legendary former CEO of General Electric, to define a synergistic learning culture.

 

He described "integrated diversity" as the elimination of boundaries between businesses and the transferring of ideas from one place in the company to another. "Integrated diversity means the drawing together of our thirteen different businesses by sharing ideas, by finding multiple applications for technological advancements, and by moving people across businesses to provide fresh perspectives and to develop broad-based experience. Integrated diversity gives us a company that is considerably greater than the sum of its parts."4

Integrated diversity only works when the elements of that diversity, independent businesses, are strong in their own right. "GE wouldn't succeed by propping up small businesses with larger ones or having weaklings rely on winners. That was why Welch had always emphasized the importance of creating strong, stand-alone businesses."2

25 Lessons from Jack Welch

Inspirational Leadership: 10 Roles

  1. Build teams and promote and teamwork, leverage diversity. Teamwork is essential for competing in today's global arena. Build a star team, not a team of stars. Diversity of thought, perception, background and experience enhance the creativity and innovation. A team should not just be diverse; it has to make the most of it. Involve everyone, facilitate cross-pollination of ideas, build and empower cross-functional teams if you wish to harness the power of diversity. Challenge people from different disciplines and cultures to come up with something better together and achieve creative breakthroughs... More

5 Characteristics of a Winning Team

Harnessing the Power of Diversity and Building Synergies:  You can inspire innovation and find a strategic competitive advantage in your team by seeking to leverage, rather than diminish, diversity. People with different cultural, educational, scientific, and business backgrounds will bring different frames of reference to a problem and can spark an exciting and dynamic cross-pollination of ideas.

A team that builds on core competencies of individual players to develop synergies among them thus makes its members more productive together than independently... More

9 Roles of a Team Leader

Discovering Opportunities: "Why? What If?" Questions

Yin and Yang of Entrepreneurial Creativity

Entrepreneurial Success

Entrepreneurship is the art of finding profitable solutions to problems. This requires diversified expertise. According to Peter McArthur, "Every successful enterprise requires three men – a dreamer, a businessman, and a son-of-a-bitch."

 

 

 

References:

  1. "Developing a Culture for Diversity in a Week", Chris Speechley and Ruth Wheatley

  2. "Jack Welch and the GE Way", Robert Slater

  3. "Extreme Management", Mark Stevens

  4. Jack Welch, Letter to Share Owners in General Electric 1990 Annual Report

  5. "Six Thinking Hats", Edward de Bono

  6. "How To Kill a Team's Creativity", Sethi R., Smith D. and Park W., Harvard Business Review

  7. "Systemic Innovation," Vadim Kotelnikov

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