Yes, agreed. Very interesting and thanks for sharing. Will be reminded of this the next time I open a bottle of wine and carelessly toss the cork aside.
Another problem is when you really do have self-serving mgmt that would actually rank as a 1 or 2 themselves but use performance reviews as a method to throw other perfectly capable people in their org under the bus to cover their failures.
Agreed....and I generally enjoy the article listings on Swombat too. Nothing wrong with the application of the 80/20 "rule" here. No way to determine the actual numbers but as a thought provoker 80/20 is just fine.... and an identifiable concept many are already familiar with.
Not at all. Think of it this way, you're a small company with a limited budget. You have a very difficult problem and your existing engineers haven't been able to figure it out. Hiring another engineer could help but it's no guarantee and you can't keep hiring indefinitely until it's solved. Why not have a contest with a known payout (ie the prize). That way you're not paying for all the work that is a non-winning idea. You get the solution, for a fixed amount and are able to spread the time and effort across a vastly greater resource pool without having to pay for it.
Joyriding your car and doing donuts in the middle of mainstreet on a Friday evening would probably fall into the "reckless thrill-seeking" category every time. Yes, a good number of Everest climbers may also fit that bill. But it's incorrect and not particularly insightful to attribute that characterization to the entire endeavor.There are many good reasons why someone would climb Everest or any mountain for that matter. What is the particular objection? That climbing the mountain quite possibly can lead to one's premature and needless death? So can launching yourself on top of a rocket. Yet I don't see too many astronauts being accused of reckless thrill-seeking. And no, it shouldn't matter on the former if the primary motivator is personal in nature. Personal exploration can be just as valid as public exploration, as is often the justification for going into space.