Saturday, September 30, 2023

Ideal Bedtime by Science | Building Cohesive Teams for Corporate Transformation | Yuval Noah Harari on AI Impact | Yuki Tsunoda: Japanese F1 Racer and Cult Star

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Creating a Cohesive Team for Corporate Transformation Projects - Harvard Business Review   

Hollywood films have long been made by teams of independent contractors and employees of different production companies brought together for short-term projects. Companies have embraced this model for transformations, with data showing that 45% of the people on these projects are not regular employees. Managing a disparate group like this can be a challenge, but team leaders can overcome that by working to create one culture, making work personal, and empowering the team leader.

The screenwriters’ strike that began last May, and the actors’ strike that followed in July, highlighted an employment model that has given Hollywood a highly flexible workforce for decades: The vast majority of people on a set are not studio employees but independent contractors or employees of other firms. Take, for example, the people who worked on this year’s Oscar winner for best picture, Everything Everywhere All at Once. In addition to the 42 actors; the 49 artists, set dressers, and painters; and the hundreds more who provided art, music, transportation, writing and editing, costumes, casting, sound, and stunts, the rest of the crew came from six production companies, three special-effects firms, and 28 other organizations.

This model has begun to extend far beyond Hollywood. Our research shows, for example, that in early 2020, on average, employees made up only 62% of the teams responsible for transformation initiatives at 404 global technology, financial services, health care, and life sciences companies with at least $1 billion in revenue. The rest came from staffing or consulting firms or were independent contractors. By the fall of 2022, with nearly three years of the pandemic having put companies into transformation overdrive, those numbers were 55% employees and 45% non-employees.

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