Drops from the Fire Hose – November 28, 2012

To Motivate People, Give Them Something to Be Proud Of — Harvard Business Review

In my experience by far the best way to motivate your employees is to find ways that they can take pride in their skills and their knowledge. When you do this, you very quickly discover that people stop being passive followers and start to share their insights and ideas. Instead of being loyal to their pay checks they become loyal to the company.

Innovate by Looking for Problem Patterns — Harvard Business Review

Clayton Christensen, Harvard Business School Professor, explains how to approach innovation creatively by studying the problem you are trying to solve and how it was resolved by other industries. For more, see the article Surviving Disruption.

So You Want in on the Music Biz? Fred Wilson Has 4 Things to Tell You — Wired Business

1. It’s more expensive than you think, and it takes longer than you want.

2. No matter how many users you have, massive valuations are fleeting if you can’t make money – even if you are Spotify and Pandora.

3. That said, Pandora has the right idea. Advertising dollars will move increasingly to internet radio, and artists will start to make money from their music.

4. Selling virtual goods might be a better business than selling music.

 

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