IKEA, Lego, & Volvo Just Identified 4 Radical Ways to Hack Management to Get More Innovation

IKEA, Lego, & Volvo Just Identified 4 Radical Ways to Hack Management

A few hundred Nordic companies including IKEA, Lego, Volvo, H&M, Novo Nordisk, and Maersk come together with the sole purpose of "hacking management."

Staff Writer

We’ve heard a lot about the business practices of the tried and true American innovators like AppleGoogle, and Facebook. But there’s also a lot of innovation happening outside of Silicon Valley, let alone the US. And we can learn from it all.

So where do you look?

Some of the most progressive social policies have originated in Scandinavia – specifically Denmark, Sweden, and Norway. Sweden, for example, gives up to 480 days of leave per child, which can be taken all at once or split up between parents over time as paid time off until the child is eight years old. The country also covers a significant portion of child care costs to ensure working parents get the support they need to remain productive. These Nordic counties also consistently rank highest on the World Happiness Report (Norway was #1 this year).

It makes sense to take notice when a few hundred Nordic companies including IKEA, Lego, Volvo, H&M, Novo Nordisk, and Maersk come together with the sole purpose of “hacking management” – which is exactly what they did last month.

The goal? Identify specific ways to reinvent big company management practices to make them more current and relevant for today’s fast-paced, innovation-based, world.

Sponsored by a Nordic innovation initiative called Fragile to Agile, hundreds of innovators from the most progressive companies in the region identified specific opportunities to take management to the next level – and, in some cases, blow it up altogether. Here are some of their more interesting hacks:

  1. Choose your own leader. Let every employee decide who they want to report to.
  2. Create radical transparency. Use an internal “Trip Advisor” rating system that evaluates the level of engagement and purpose of specific departments and offices based on employee reviews.
  3. Become a leader for a week. On a rotating basis, let employees swap roles with their leader to help increase understanding, in both directions, of job functions, roles, and challenges.
  4. Set leadership term limits. To avoid creating silos and fiefdoms, define a specific period of time any leader can be in their particular role. After that time, they must rotate to another department or group, which also encourages the cross-fertilization of talent and ideas.

Sure, these ideas may not be realistic for every company. But in today’s day and age, one thing is clear: Hacking management itself is perhaps management’s biggest imperative – if you want innovation.

Read Next


Latest

Does your business need a boost? Take a cue from other executives and find inspiration wherever you go

Why Innovators Rely on Their Gut, Not Data

Want to drive sales, boost brand awareness, spike web traffic and triple sales?Keep reading.Now, while more companies are turning to a data-centric approach to sales-and-marketing strategies, sometimes the ole "gut feeling" can turn out to... (contd.)
Headed towards digital transformation? Why the right people, not technology or strategy, will make the difference between success and failure.

The Key People You Need On Your Digital Transformation Team

Like any good team, each individual's role in achieving digital transformation must complement one another and benefit the greater good. But with so many non digitally-native companies trying to fit the square peg of... (contd.)

Funding A Nonprofit With Branded Products That Sell You

Sometimes I get to interview people who are making amazing advances for business and design around the world... and sometimes I get to interview someone who has found their purpose in changing... (contd.)
You might already rely on LinkedIn for part of your online marketing strategy. But do you know you can use it for remarketing?

Why Every B2B Business Should Do LinkedIn Remarketing

Considering trying remarketing on LinkedIn? That's especially a great idea if you're running a B2B outfit. Remarketing will give you the opportunity to reconnect with people who've already interacted with your brand. Keep in mind: there's plenty... (contd.)
Every entrepreneur will have to deal with criticism and opinions, but learning how to ignore it is a skill to be honed.

5 Ways to Politely Decline Unsolicited Advice

Everyone has an opinion--and I believe in everyone's right to an opinion. I, too, share my thoughts and advice in this column with you faithful readers (okay, maybe only my mother is reading these, but... (contd.)
- Advertisement -
Join Our Daily Newsletter
Sign up to get all the business news and intelligence that matters straight to your mailbox.
Join Our Newsletter !
Like This Article? Subscribe To Our Newsletter To Receive More Of Them Straight In Your Inbox
Contact Us.
Your Name
Email
Message
     
Thank you for your interest in Inc. Arabia. Please leave your contact details below, and we'll be in touch with you very soon.
Like This Article? Subscribe To Our Newsletter To Receive More Of Them Straight In Your Inbox