Company seeks to shake up health care system, starting with the wealthy | What CEOs should learn from BP and Boeing's woes | More women-owned firms are reaching $10 million in revenue, study finds
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March 6, 2013
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Bold Ventures
Company seeks to shake up health care system, starting with the wealthy
Entrepreneur Michael Vassar is hoping his health company will be able to provide better care than the medical establishment, and that it will become a model for change. The company, MetaMed, offers wealthy individuals with a team of top doctors who will use key medical data as they do their jobs. "It seems very possible to add 10 or 20 years of healthy life expectancy to a person who gathers all the relevant data today," said Vassar, whose company has received a $500,000 investment from PayPal co-founder Peter Thiel. VentureBeat (3/1)
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Leading the Pack
What CEOs should learn from BP and Boeing's woes
Boeing's grounded Dreamliners and BP's Deepwater Horizon disaster hold important lessons for CEOs, writes Ben W. Heineman Jr. Strong leadership is needed not only to ensure the company fulfills its obligations, but also to keep tabs on suppliers, Heineman argues. Executives "must ensure that their corporations take full operational responsibility and accountability for the safety and quality of the goods and services provided not just by them, but also by third party suppliers," he writes. Harvard Business Review online/HBR Blog Network (3/4)
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Finance & Growth
More women-owned firms are reaching $10 million in revenue, study finds
The number of women-owned companies with at least $10 million in revenue jumped 56% during the past decade, according to a report commissioned by American Express OPEN. The report analyzes data differently than most government research, says Julie Weeks, president and CEO of Womenable. It counts companies led by women, even if those companies have grown past the 51% ownership definition by adding investors or senior managers, or by going public. Part of the reason for women's success in building high-growth firms might be that they have access to more role models and support networks, Weeks said. Empower Lounge (3/4)
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Other News
The Whole Entrepreneur
How to get along with your Web design firm
Make your relationship with your Web design agency as productive as possible by showing up with your branding elements and your business goals -- but without a specific plan for what you want your site to look like, writes Ilya Pozin. Also, don't make life unnecessarily difficult for the employees at the agency. "Remember, your Web team is on your team," he writes. "If you make them hate you, they'll push out the final product quickly just to get it (and you) off their plate." Inc. online (free registration)/Decoded blog (3/5)
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Experts weigh in on the pros and cons of telecommuting
Deciding whether telecommuting is right for your company requires pinpointing your company's goals, understanding what makes your workforce tick and determining if the right tools are in place for a smooth transition. In most cases, the benefits of remote work far outweigh the drawbacks, these experts note, but David Blanke, chief operating officer and chief financial officer of New York-based Sailthru, says teamwork and open communication are vital to ensure the company and its employees are on the same track. SmartBrief/SmartBlog on Leadership (3/4)
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Ideas for Innovators
Ideas should face public scrutiny, 72andSunny CEO says
Advertising firm 72andSunny has all ideas and designs go through a review stage, where they're literally pinned to the wall for feedback and criticism from passing workers. "This way, we can maintain the important elements of authorship and personal accountability while also getting the benefit of the extended team's objectivity and ideas," CEO John Boiler writes. Fast Company online (3/1)
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Fortune from Failure
How leaders contribute to innovation failure
A company's management team is often to blame if efforts to spur innovation repeatedly fall flat, Paul Hobcraft writes. Leaders might stifle innovation in many ways such as by setting unrealistic expectations, failing to provide sufficient resources or putting the wrong people in charge of innovation, he writes. (3/5)
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[W]hen you put the creative outcome above everything else -- including the egos -- you set a higher standard for everyone."
-- John Boiler, CEO of 72andSunny, writing at Fast Company online.
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