Senior management of one of our financial services clients has completed its review of the 11 business plans delivered by global teams of Vice Presidents in our program concluded last July. They have recommended that 8 of the projects move forward to implementation. A few are already well on their way. Two of the remaining three projects have been put on hold pending stabilization of market conditions.
Vanessa Dimauro of Leader Networks wrote recently about why communities help companies in uncertain times. With reference to the current financial markets crisis she says “Now’s the time for those organizations to use their social media tools,” and gives some suggestions for using online communities for crisis management.
With Salvatore Rasa and Barbara Kivowitz, Glen Mohr produced a video for a major health care system in Pennsylvania telling the story of their ongoing transition to an electronic medical records system. The video focuses on challenges to implementation, benefits to patients and providers and the need to extend the implementation, especially to inpatient care.
The prediction market we ran as part of our innovation program for high potential young employees at a large financial services firm turned out a great success on a number of levels. Most important, it generated excitement around the proposals, motivating a high percentage of participants to actively trade and provide a new type of feedback to one another. And, though forecasting wasn’t the primary goal of this market, the market results served well to predict project outcomes.
We invited all 52 participants to invest in the “stocks” of any…
On Friday Mohr Collaborative wrapped up its second VP Development Program of 2008 for one of our major clients. Convening for the first time since June, nine teams pitched their projects, representing hundreds of hours of work, to ten members of the executive management team. In aggregate the projects represent $727 million in potential revenue over the next three years.
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