The Los Angeles Kings are the presumptive Stanley Cup winner (and may actually be the winner by the time you read this). I wrote about lessons we can all take from their success:
The Kings’ success in acquiring talent put them in a position to add the right pieces to flesh out a Stanley Cup contender. While in other industries you won’t have the benefit of trading talent (imagine if you could draft the best grads out of school!), but you can take to heart the lesson of timing – going above scope, or paying extra, to attract the right talent for the right initiative at the right time.
I sense a bit of a pejorative term, but otherwise the author makes a good point:
The real risk of all this is the same thing that happened in the banking industry – disproportionately high incomes driven by distortions that siphon talent away from productive industries to unproductive ones. There is real demand for top engineers and inventors to commercialize new ways to harness ocean water. Instead, that talent can be found gambling onfictitious investments or perfecting the trajectory of a freshly killed digital pig. Multiply that situation by thousands and you have:
- A country completely disconnected from real world problems faced by the rest of the world (like, no water)
- Entrepreneurs missing out on a chance to make money to solve those problems
- The US falling farther behind and deeper in debt as its biggest talent counts clicks from within a narrowing, darkening, digital consumer bunghole
By the way, I am not saying there is no room in the world for entertainment or leisure-oriented innovation, but I am saying if we want to continue getting those Lenovo’s from China, they’re not going to accept our Tweets or Oinks as payment.
See? It’s possible to make a good profit and be a good employer too:
"Our employees are our number one asset, period," said Kevin Stickles, the company’s vice-president for human resources. "The first question you ask is: ‘Is this the best thing for the employee?’ That’s a totally different model."
Yet the company is profitable. Its prices are low. And it is lauded for exemplary customer service.
"When you think about employees first, the bottom line is better," Stickles argued. "We want our employees to extend the brand to our customers."