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Outland provided a global communication and exhibition platform for artists and collectors. Outland conducted art transactions in the form of cryptocurrencies, addressing challenges prevalent in the traditional creator economy. Renowned artist James Jean collaborated with Outland in 2022 to release a new hand-drawn digital art series called Fragments. The series received widespread acclaim. The fans had high expectations for Fragments’ narrative derivative work, "Adrift," set to launch in 2023. The platform aimed to establish a fan community centred around Jean and his work. However, fans wanted to interact with the artist and participate in the secondary creation of his work, while also receiving better financial returns. How would Outland establish an intellectual property licensing mechanism to increase non-fungible token (NFT) creators and holders an enhanced financial return?

Family businesses are infamous for nepotism and infighting, especially when it's time to appoint a new CEO. But when global talent adviser Claudio Fernández-Aráoz and colleagues set out to help family firms improve their leadership transitions, they were surprised to find that large family businesses had much better succession practices than their nonfamily counterparts, and they outperformed on several measures after new appointees took the reins. Four practices could help other types of businesses ensure successful CEO transitions: approach succession proactively rather than in reaction to short-term performance issues, bring on a few long-term directors and empower them to lead the process, don't obsess about formal procedures but double down on rigor, and empower new leaders from day one.

Empathic leadership is vital in today's working world; in fact, employees demand it. But empathy can be emotionally and physically exhausting for managers. "I feel like I'm never enough," one Fortune 100 executive recently said, "even in my empathy for my people. Anything going wrong with them means I've failed." Not surprisingly, some managers believe they must make a choice: be empathic and sacrifice their personal well-being for the good of others, or back away and preserve their own emotional health. Fortunately, according to the author, a Stanford psychologist and neuroscientist, this dilemma is more apparent than real. He writes that managers can employ three strategies to lead empathically while maintaining their equilibrium. In this article he describes the strategies and presents a blueprint for the practice of what he calls sustainable empathy.

Research shows that companies devote too little effort to examining problems before trying to solve them. By jumping immediately into problem-solving, teams limit their ability to design innovative solutions. The authors recommend that companies spend more time up front on problem-framing, a process for understanding and defining a problem. Exploring different frames is like looking at a scene through various camera lenses while adjusting your angle, aperture, and focus. A wide-angle lens gives you a very different photo from that taken with a telephoto lens, and shifting your angle and depth of focus yields distinct images. Effective problem-framing is similar: Looking at a problem from a variety of perspectives helps you uncover new insights and generate fresh ideas. This article introduces a five-phase approach to problem-framing: In the expand phase, the team identifies all aspects of a problem; in examine, it dives into root causes; in empathize, it considers key stakeholders' perspectives; in elevate, it puts the problem into a broader context; and in envision, it creates a road map toward the desired outcome.

The authors of this piece, both professors at Stanford University, devoted eight years to learning about how leaders serve as trustees of others' time-how they prevent and remove the organizational obstacles that undermine the zeal, damage the health, and throttle the creativity and productivity of good people. Along the way, they learned that there is both bad and good organizational "friction." In this article they focus on addition sickness: the unnecessary rules, procedures, communications, tools, and roles that seem to inexorably grow, stifling productivity and creativity. They show why companies are prone to this affliction and describe how leaders can treat it. The first step is to conduct a good-riddance review to identify obstacles that can and should be removed. The next is to employ subtraction tools-they list several-to eliminate those obstacles or make it difficult for people to add them in the first place. The authors show how people and organizations have used these steps to great effect: AstraZeneca, for instance, saved 2 million hours in less than two years by implementing an array of simplification efforts.

Over the past decade, as a result of the pandemic, political and economic instability, social movements such as Black Lives Matter, and changing workplace technologies, what people expect from leaders has changed. Executive presence (EP) is typically perceived as consisting of three elements in descending order of importance: gravitas, skillful communication, and the "right" appearance. The author's new research shows that while confidence and decisiveness are still paramount for gravitas, pedigree has become less central, and new weight is given to inclusiveness and respect for others. On the communication front, superior speaking skills and the ability to command a room still lead the list of desirable attributes, but comfort on Zoom, a "listen to learn" orientation, and authenticity are on the rise. Projecting authenticity is also key to the appearance component of EP; so are dressing for the "new normal," having an online image, and showing up in person. This article offers a playbook for developing six attributes that increasingly factor into executive presence, citing the examples of a dozen leaders who have cracked the code.

Cynthia is a newly hired software developer at MainFrame, which uses Scrum to manage projects. But she agrees with her coworkers that the company's methodical and deliberate pace is inferior to the quicker, more loosely structured approach of her previous employer, which used Flow. So when a colleague approaches her and asks her to use her impressive background and credentials to advocate for Flow, Cynthia agrees. But after her pilot project produces mixed results, she wonders whether she should proceed with a presentation to the process-improvement board. Two experts weigh in: Sonali Raut, a senior data scientist at Munich RE Automation Solutions, and Alex Estevam, a technical program manager at Mastercard.

Four new books and a podcast offer insights and advice: Hags, by Victoria Smith; Revolting Women, by Lucy Ryan; Wiser Than Me, hosted by Julia Louis-Dreyfus; Learning to Love Midlife, by Chip Conley; and Radiant Rebellion, by Karen Walrond.

The fashion designer talks about leading a creative life, running her own business for 56 years, and being "wildly excited" about AI.

Cynthia is a newly hired software developer at MainFrame, which uses Scrum to manage projects. But she agrees with her coworkers that the company's methodical and deliberate pace is inferior to the quicker, more loosely structured approach of her previous employer, which used Flow. So when a colleague approaches her and asks her to use her impressive background and credentials to advocate for Flow, Cynthia agrees. But after her pilot project produces mixed results, she wonders whether she should proceed with a presentation to the process-improvement board. Two experts weigh in: Sonali Raut, a senior data scientist at Munich RE Automation Solutions, and Alex Estevam, a technical program manager at Mastercard.

Cynthia is a newly hired software developer at MainFrame, which uses Scrum to manage projects. But she agrees with her coworkers that the company's methodical and deliberate pace is inferior to the quicker, more loosely structured approach of her previous employer, which used Flow. So when a colleague approaches her and asks her to use her impressive background and credentials to advocate for Flow, Cynthia agrees. But after her pilot project produces mixed results, she wonders whether she should proceed with a presentation to the process-improvement board. Two experts weigh in: Sonali Raut, a senior data scientist at Munich RE Automation Solutions, and Alex Estevam, a technical program manager at Mastercard.

Generative AI seemed poised to reshape the world of work, including the higher-wage, white-collar jobs typically pursued by MBA graduates. Informed by the latest research, this case explores generative AI's potential impacts on work, productivity, value creation, and the labor market.

In February 2023, SZ Dà-Jiāng Innovations Science and Technology Co. Ltd. (DJI) was included in the list of the “Top 100 Global Innovators.” At the same time, the 200-metre DJI Sky Pixel—the world’s first asymmetrical suspension steel structure ultra-high-rise building—was achieving remarkable success in the 2023 China Architectural Awards. The building seemed to symbolize DJI’s meteoric rise. In 2023, DJI was a leading company in the global drone industry. From DJI’s inception in 2006 to the first University Student Robot Training Camp in 2013, and up to its current status in 2023, DJI had dedicated 17 years to the development and perfection of drones and more than a decade to the field of education. In its early days, DJI had to overcome serious technical challenges to achieve astonishing success and navigate the strong competition in the market. In 2023, the biggest hurdle DJI was facing was global trade tensions. What other issues were awaiting DJI on its path forward?

Soulpepper Theatre Company (Soulpepper) underwent a significant transformation under the leadership of its new co-leaders. The co-leaders not only navigated the aftermath of a crisis in 2018 that saw the immediate resignation of a well-known artistic director accused of sexual harassment but also steered the company towards a bright future aligned with an ambitious five-year strategic plan. The plan, endorsed by the board of directors, was a crucial step towards recovering from the tarnished reputation and elevating Soulpepper to global recognition, rooted in the excellence of its productions and celebration of Canadian creativity. However, as the theatre was laying down the building blocks for renewal, the COVID-19 pandemic hit, causing significant disruptions in the Canadian theatre scene and necessitating a re-evaluation of the co-leaders’ strategic approach.

Supplement for product W35261.

This experiential exercise is designed to teach students how joint ventures can entail inherent tensions that resemble a real-world prisoner’s dilemma. In the context of a (hypothetical) international collaboration in the global bicycle industry, students are put in the position of the parent firms’ decision-makers and must decide between accessing the other’s knowledge versus wanting to acquire (i.e., own) it. Students are thereby incentivized to act in self-interest, which ultimately leads to worse outcomes than if they had acted in the interest of the group. The exercise provides a lively, visceral learning experience and is complemented with an in-depth discussion of assumptions and implications as described in this teaching note.

In August 2022, Neetu Yadav and Kirti Jangra, co-founders of Animall, reflected upon their experience of starting a business in a highly competitive and fragmented Indian livestock management market. The industry suffered from a shortage of skilled workforce, inadequate infrastructure, and needed better access to modern technology. Yadav and Jangra were tasked to consider the competition in the digital space, assess the difficulty in penetrating a geographically and digitally remote market, and to build farmers' trust to grow the business. Yadav identified four opportunities for growing the business: expansion in veterinary services, providing nutrition advice, focus on particular animal breeds, and entry into other Indian states.

In August 2022, Neetu Yadav and Kirti Jangra, co-founders of Animall, reflected upon their experience of starting a business in a highly competitive and fragmented Indian livestock management market. The industry suffered from a shortage of skilled workforce, inadequate infrastructure, and needed better access to modern technology. Yadav and Jangra were tasked to consider the competition in the digital space, assess the difficulty in penetrating a geographically and digitally remote market, and to build farmers' trust to grow the business. Yadav identified four opportunities for growing the business: expansion in veterinary services, providing nutrition advice, focus on particular animal breeds, and entry into other Indian states.

In February 2023, SZ Dà-Jiāng Innovations Science and Technology Co. Ltd. (DJI) was included in the list of the "Top 100 Global Innovators." At the same time, the 200-metre DJI Sky Pixel-the world's first asymmetrical suspension steel structure ultra-high-rise building-was achieving remarkable success in the 2023 China Architectural Awards. The building seemed to symbolize DJI's meteoric rise. In 2023, DJI was a leading company in the global drone industry. From DJI's inception in 2006 to the first University Student Robot Training Camp in 2013, and up to its current status in 2023, DJI had dedicated 17 years to the development and perfection of drones and more than a decade to the field of education. In its early days, DJI had to overcome serious technical challenges to achieve astonishing success and navigate the strong competition in the market. In 2023, the biggest hurdle DJI was facing was global trade tensions. What other issues were awaiting DJI on its path forward?

Soulpepper Theatre Company (Soulpepper) underwent a significant transformation under the leadership of its new co-leaders. The co-leaders not only navigated the aftermath of a crisis in 2018 that saw the immediate resignation of a well-known artistic director accused of sexual harassment but also steered the company towards a bright future aligned with an ambitious five-year strategic plan. The plan, endorsed by the board of directors, was a crucial step towards recovering from the tarnished reputation and elevating Soulpepper to global recognition, rooted in the excellence of its productions and celebration of Canadian creativity. However, as the theatre was laying down the building blocks for renewal, the COVID-19 pandemic hit, causing significant disruptions in the Canadian theatre scene and necessitating a re-evaluation of the co-leaders' strategic approach.