Want to reduce turnover? Try buying more beer
The advertising industry has a high employee churn rate, so Paul Venables, founder of the Venables Bell & Partners agency, decided to start celebrating when workers stuck around. Five-year veterans receive a beer stein and a $1,000 tab at a nearby pub, which they often spend carousing with more recent hires. "There's a great cross-pollination of people and values and ideas. I think we're up to 38 old-timers by now," Venables says. The New York Times (tiered subscription model) (6/30)
Leaders come in 5 flavors, researchers say
There are five leadership styles upon which executives depend, according to a recent study. Some bosses have a gruff, "tough love" approach; others are nurturing mentors, hard-working single-minded leaders or "country clubbers" who get things done by networking and charming those around them. Whatever your natural style, you'll achieve more if you're able to borrow from other modes of leadership as the situation demands, writes Andrea Kay. USA Today (6/29)
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After the downturn, one fabric maker is on a roll
Wisconsin-based fabric maker Monterey Mills laid off most of its employees during the recession but, unusually, still set aside resources for research and development. The firm has come up with a way to make collapsible paint rollers, potentially allowing the items to be shipped in bulk and overseas. "We believe it is the most dramatic innovation that's been done since the '40s when paint-roller fabric was introduced," says Monterey Mills executive Brent Birkhoff. Chicago Tribune (tiered subscription model) (6/30)
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"Invisible wall" holds back global innovation
Switzerland remains the world's most innovative place, followed by Sweden, the U.K., the Netherlands and the U.S., according to INSEAD's Global Innovation Index for 2013. The ranking suggests that a core group of about 25 countries remain highly innovative, with the rest in a rut creatively, says study co-author Bruno Lanvin. Knowledge.Insead.edu (7/1)
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12 steps to a successful joint venture
Launching a successful joint venture can be a complex business, writes Alan S. Gutterman, making it vital to find the right project leader. "[A]ction should be taken to initiate quick, aggressive, yet carefully orchestrated, planning overseen by an experienced JV project director who can provide strong leadership from the beginning," Gutterman argues. SmartBrief/SmartBlog on Leadership (6/28)
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How medieval people named their pets
A survey of medieval texts reveals that people in the Middle Ages gave plenty of thought to naming their dogs. Aristocratic names such as "Nosewise" or "Holdfast" reflected dogs' skills as hunters. Feline companions didn't get the same attention, with generic or color-based names predominant. Medievalists.net (Canada) (6/23)
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Do what you feel in your heart to be right -- for you'll be criticized anyway."
-- Eleanor Roosevelt, former first lady, as quoted in USA Today
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