Just like the everevolving marketplace, the workplace has to keep up too. With the increasing number of Gen-Y’s entering the workplace, the expectations are changing and keeping up on trends sometimes means hiring young and creative talent. According to WSJ’s Blog, Gary Hamel’s Management 2.0, to hire the best of the best companies will need to keep in mind the following workplace principles:
1. All ideas compete on an equal footing.
2. Contribution counts for more than credentials.
3. Hierarchies are natural, not prescribed.
4. Leaders serve rather than preside.
5. Tasks are chosen, not assigned.
6. Groups are self-defining and self-organizing.
7. Resources get attracted, not allocated.
8. Power comes from sharing information, not hoarding it.
9. Opinions compound and decisions are peer-reviewed.
10. Users can veto most policy decisions.
11. Intrinsic rewards matter most.
12. Hackers are heroes.
Source: Wall Street Journal Blogs – Gary Hamel Management 2.0, The Facebook Generation vs. Fortune 500
