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11/11/2011

Think Better: The Best Stuff I Read This Week – November 11, 2011

Excessive CEO Pay and Job Losses: Are They Linked? – Carl M. Cannon – Real Clear Politics

This article is an analysis of the trend that top executives as major corporations are rewarded for profitability, not growth, innovation, nor other valuable metric. As such, there is a strong correlation between high executive salaries and high numbers of layoffs. The “winners” are the guys who cut the most jobs. It’s a very interesting read.

Mike Metzger of the Clapham Institute has noted, “What you measure is your mission.” (If a blog measures comments, its mission will be to write in such a way to solicit comments. If it measures time-on-page, its mission will be to publish content that keeps readers around for as long as possible.) If follows that if corporations are simply using profit as their measure of success, they will do whatever is needed to produce profit. I think Simon Sinek is exactly right when he says that “profit has to always be a by-product” of following your mission. “Profit isn’t why you exist.”

From the article: Peter F. Drucker predicted it might come to this. In his 1973 book, “Management: Tasks, Responsibilities, Practices,” he wrote: “The fact is that in modern society there is no other leadership group but managers. If the managers of our major institutions, and especially of business, do not take responsibility for the common good, no one else can or will.”

What’s the common good? It can be summarized in the ancient Hebrew word shalom – a word that means human flourishing, interdependence (with others and the world itself), and the idea that “nothing’s missing, nothing’s broken.”

Tweet by Jeremy Talman (@Talmaniac):

This kind of thing makes it much easier for me to believe in a Creator: http://vimeo.com/31158841

Stunning video of a sea of birds flying in complex 3-D patterns

[Video] Presentation Scott Harrison, founder and CEO of charity:water – Inc. Magazine

An inspiring talk on the history, vision, work, and future of charity: water. If you want to know about the worldwide water crisis and what it takes to solve it, watch this. And the presentation slides are beautiful too.

The Extraordinary Revolution of Media Choice – Seth Godin

The past was defined by limits of spectrum. You could only consume one type of media at a time. You could only “broadcast” one type of media at a time as well: radio, tv, newspaper, or even trade show booth or retail shelf space. There was inherent scarcity. Scarcity creates value. Creating value then comes in dominating your scare “supply” opportunities.

Now, however, “everything is a click away… the only thing that’s scarce is attention.” You can no longer “program consumption” and whatever is on the front page of the newspaper is also now obsolete. Everything is now just a click away from any link a friend gives you.

“In a world of surfers, all you can do is work to make the best wave you can. The real revolution is that you get to make waves, not just ride them.”

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