The many benefits of your star employees leaving the firm (?!)

Via Wharton’s newsletter:

It’s always been assumed that when employees leave their companies to join other ones that all their knowledge and experience leave with them. But new research suggests that, at least in the high-tech field, firms can wind up gaining access to the knowledge being generated at their former colleague’s new place. The results of this research are presented in a paper titled, “Learning from Those Who Left: The Reverse Transfer of Knowledge through Mobility Ties,” by Wharton management professor Lori Rosenkopf and Wharton doctoral student Rafael A. Corredoira.

“Contrary to the view that companies lose something when a worker leaves, the study found that they stood to gain. Specifically, firms that lost an employee to another firm were 8% more likely to cite that firm than other equivalent firms, Rosenkopf says. The reverse flow of knowledge was particularly pronounced when the employee moved to another region. Then the old firm was 22% more likely to cite the new firm.”

http://knowledge.wharton.upenn.edu/article/1565.cfm

Track your competition online

Given Nitron Advisors is in a reasonably competitive industry, I’m very interested in tools like http://competitio.us/. The basic idea is that itÂ’s a tool for companies (or investors) to keep track of their competitors’ actions and features.

I’m not sure it’s got enough differentiation to be a sustainable business, but as a customer, I like it.

Via Techcrunch

Successful Network Marketers – Need Your Input

I’m working on a piece about best practices for network marketing / multi-level marketing online. I certainly know what I prefer to see, and have an opinion about what works best, but I’d like to hear from successful network marketers as to what’s working for you.

Now, I’m not going to define “successful” — I leave that up to you, but if you’re struggling with it, please don’t bother — you won’t be helping yourself or me either.

The survey consists of less than ten questions and should only take about 10 minutes of your time. I’ll be happy to send you a copy of the piece when I’m done with it, and your contribution may help make network marketing online better for everyone.

Take the survey

Dot-Com Bubble, Part II? Why It's So Hard to Value Social Networking Sites

Less than three years after emerging from nowhere, the hot social networking website MySpace is on pace to be worth a whopping $15 billion in just three more years. Or is it? And is the much smaller Facebook really worth the $900 million or more Yahoo is reported to have offered for it? The problem, say Wharton experts, is a dearth of information — including data on expected revenue generation and cost structure — to plug into the standard valuation models.

http://knowledge.wharton.upenn.edu/article/1570.cfm

Web 2.0 Has Corporate America Spinning

As a followup on my Vistage presentations, here’s “What every CEO needs to know about the array of new tools that foster online collaboration — and could revolutionize business”: BusinessWeek: Web 2.0 Has Corporate America Spinning

Slides from Vistage CEO Conference this week

I enjoyed speaking at lunch at two Vistage regional conferences this past week, in New York and Chicago. (As background, Vistage is the world’s largest CEO membership organization based on revenue.)

You can download my two presentations here:

+ Chicago Conference: How to Accelerate Your Company with Web 2.0 Technologies

New York Conference: Seven Free, Easy Steps to Accelerate Your Business with Web 2.0 Technologies. I have also attached the New York handout below in HTML format.

Feedback welcome!

Seven Free, Easy Steps to Accelerate Your Business with Web 2.0 Technologies

Ch = Character

Co = Your firm’s Competence

R = Relevance of the other company

S = Strength

I = Information

N = Number of companies

D = Diversity

Value of Your Corporate Network = D * ∑Nn=1 (Chn * Con * Rn * Sn * In)

Attribute

Next Step

Cost

1) Character

Review your senior executives’ profiles on ZoomInfo.com.

$0

2) Your firm’s Competence

Experiment with BasecampHQ.com for project management.

$0 for one project

3) Relevance of the other firm

Encourage employees to join LinkedIn.com, Xing.com, and other relevant online networks.

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4) Strength

Standardize internal phone calls on Skype.com. Encourage employees to use Instant Messaging services. (They’re already doing it, most likely.)

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5) Information

Sign up on Bloglines.com, Technorati.com, or Topix.net for alerts about you and your competitors’ appearances in blogs and news sites.

Join CircleofExperts.com to be eligible for paid consulting opportunities.

$0

6) Number of people

Create standard corporate e-mail signature with strong brand reinforcement.

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7) Diversity

Use Jigsaw or Spoke.com to identify contact information on prospects.

Jigsaw: $0 w/uploaded contacts. Spoke: $50/mo.

And one more resource:

8) Learn more about Web 2.0

Download The Virtual Handshake: Opening Doors and Closing Deals Online at www.TheVirtualHandshake.com

$0