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Serial Breakthrough Innovators

Steve Jobs. Elon Musk. Benjamin Franklin.

So what do these “serial breakthrough innovators” have in common?

NYU Stern professor Melissa Schilling explores the answer to this question in her new book, Quirky, which examines the traits, foibles and genius of eight fascinating innovators who changed them world. Read more here .

What You Need to Know About Social Enterprises

On April 16th, Social Venture Partners Charlotte (SVP) will host the annual SEED20 program which identifies, highlights, and connects the community to twenty of the region’s most innovative ideas for tackling pressing social challenges. In today’s business world, nonprofits are not the only ones concerned with being integrated into the social fabric of society. Earlier this week, Forbes ran an article titled the “The Rise of the Social Enterprise: A New Paradigm for Business” which illustrates that businesses today need to make a shift in management in order to be more integrated into the social fabric of society.

Social enterprises are revenue-generating businesses with a twist. A social enterprise has two goals that are equally important:

Achieve social, cultural, community economic and/or environmental outcomes
Earn revenue

In the Forbes’ article, a yearlong research and survey of business and HR leaders by Deloitte revealed that “citizenship and social impact” were rated critical or important by 77% of respondents.

One of the trends identified is that companies today must be “social” in a truly external sense, and one of the biggest challenges is that C-suite executives are not operating or organized effectively to deal with the new world of economic growth and technology revolution while effectively addressing diversity, inclusion, fairness, equity at work and more.

There are two dimensions to the evolution of social enterprise.

Moving from an organization which operates as a functional hierarchy to one that operates as a “network of teams.”
Each part of the company looks at the impact of external factors and the company’s footprint in the external world.

Click here to read more about the new paradigm shift for businesses addressed in the article and click here to learn why social enterprise can be a win-win for companies.

Biotechnology And Its Applications

Another core technology altering nearly every dimension of our lives as outlined in a recent MIT Sloan Management Review article is biotechnology. Biotechnology is really the combination of technology, chemistry, and life sciences. At first glance, many business leaders may believe that biotechnology only impacts the health care field. The rapid advances in biotechnology, however, show enormous promise and have the potential to “both expand existing industry boundaries and create entirely new industries,” according to Dr. Albert H. Segars, author of the article and PNC Distinguished Professor of Strategy and Entrepreneurship and Faculty Director of the Center for Sustainable Enterprise at the University of North Carolina Kenan-Flagler Business School.

Biotechnology Applications

Industrial Processing – applications in product development, pollution control, bio-recycling, and hazardous waste.
Biometrics/Bio-identification – expanding the use of biomarkers as a gateway to information access and commerce.
Bioinformatics – analysis of large sets of data used in the Human Genome Project, Disney’s theme park design, and more.
Medical – advancements in the field of genomics, production of vaccines, antibiotics, gene therapy, and personalization of implantable devices.
Food & Agriculture – significant gains in the production of plants, improved quality of livestock, pest-resistance crops, nutrient supplementation, and manufactured power fibers.
Energy – alternative energy sources, production of biofuels from algae and other plant and waste sources.

Click here to read the entire MIT Sloan Management Review article.

Pervasive Computing 101

In a recent MIT Sloan Management Review article, Dr. Albert H. Segars from University of North Carolina Kenan-Flagler Business School outlined seven core technologies that are altering nearly every dimension of our lives and their implications for commerce, health care, learning, the environment and more. According to Dr. Segars, pervasive computing is one of the core technologies that every business leader should become familiar with as the digital revolution rages on.

Pervasive computing, also called ubiquitous computing, is a concept where information, media, context, and processing power are delivered conveniently to us in all kinds of things. The Apple Watch’s ability to alert users of incoming phone calls and to allow users to complete calls through the watch, is an example of pervasive computing. The large network of connected microprocessors embedded in everyday objects allows access to information from virtually anywhere and at any time.

First pioneered in the late 1980s at the Olivetti Research Laboratory in Cambridge England, the development of the “Active Badge“, a small clip-on microcomputer employee ID card, enabled the company to track employee movement. This spurred articles by the The New York Times, ComputerWorld and other publications about George Orwell’s Big Brother prediction coming true.

Mark Weiser, considered to be the father of ubiquitous computing, soon began building early ubiquitous computing devices with his colleagues at Xerox PARC and popularized the term “pervasive computing” with the creation of IBM’s Pervasive Computing division.

Today, pervasive computing generally involves wireless communications and networking technologies, mobile devices, embedded systems, wearables, wireless sensors, voice recognition, AI and more. According to a recent study report published by Market Research Future, the global market of pervasive computing technology is booming and expected to gain prominence. Technology advancements and the increased demand for Internet of Things (IoT) continue to drive the growth.

Application of Pervasive Computing Technology:

Communications
Logistics
Transportation (by air, land and sea)
Energy
Learning
Military
Banking/Finance
Production
Smart Homes
E-commerce
Security & Safety
Healthcare/Medical Technology
Media

To learn more, read:

Don’t Be a LinkedIn Dinosaur

LinkedIn is a powerful tool for today’s consulting professional. That said, the world’s most popular social networking site for professionals is evolving and transforming at lightning speed. Here are four of LinkedIn’s latest features to keep you in the know…and stop you from becoming a LinkedIn dinosaur!

LinkedIn Search – has been updated with redesigned functionality and features to help deliver more relevant results.
“Connections of” Filter – use your extended network to search connections of your connections through the Connections of filter and find people who work in a specific industry, location or company.
LinkedIn Video – pictures tell a 1,000 words. Learn how to use LinkedIn Video to share your experience and perspectives.
Active Status – you can use LinkedIn’s “green dot” feature to learn who in your network is online and potentially available to communicate with you.

Blockchain Simplified

Croixstone‘s CXO Patti Weber recently participated in Skookum‘s largest Tech Talks to date. Josh Miller, Senior Software Engineer at Skookum, provided insight into blockchain technology and the uses beyond Bitcoin and cryptocurrency. The original blockchain was described in a 2008 bitcoin paper by Satashi Nakamoto, just 2 months after the collapse of Lehman Brothers in 2008. What makes blockchain so attractive is that it provides a level of trust that is interwoven in business transactions. People can now make transactions without middlemen which translates to greater control of funds and lower fees.

So, what is a blockchain? A blockchain is a digital encrypted ledger in which transactions are recorded chronologically and publicly. Like the name indicates, a blockchain is a chain of blocks containing information. Each block contains data, the hash (i.e., digital fingerprint that uniquely identifies the block and all the contents), and the hash of the previous block. When a block is created, a copy of the block is distributed on a peer-to-peer (P2P) network. Each member of the P2P network gets a copy of the block, and a consensus is obtained to ensure that the chain has not been tampered with.

The way the blocks are chained together using hashes, along with a “proof of work” mechanism and distribution through a P2P network, makes blockchains secure and trustworthy. The term immutability – its resistance to tampering or other changes – is often used when describing blockchain.

Blockchains eliminate the need for middlemen (e.g., banks) making it more efficient than legacy systems. They exist within communities, and participants that operate within an industry can all operate on the same chain, and therefore, have a copy of the distributed ledger.

Applications of Blockchain

As a result of the tamper-proof and hack-proof nature of blockchain, it is one of the most promising technologies with far-reaching applications. Here are just a few of the industries that are/will be impacted..

For a more detailed explanation of blockchain, see CNET’s recent article titled Blockchain explained: It builds trust when you need it most.

For more information about industries impacted, check out: Banking Is Only The Beginning: 36 Big Industries Blockchain Could Transform

Seed20 OnStage!

Martin Luther King Jr. once said, “Life’s most persistent and urgent question is, ‘What are you doing for others?'” Today, we focus on an upcoming event dedicated to those in the Charlotte community that are “doing for others” each and every day…SEED20 OnStage!

SEED20 is the annual program of Social Venture Partners Charlotte (a nonprofit organization) to identify, highlight and connect the community to the region’s most promising social entrepreneurs tackling pressing challenges.

Croixstone’s Mark Weber is serving as the Lead Partner for this year’s powerful program, best known for its high-energy SEED20 OnStage event where ten members of the SEED20 class compete to win cash awards by making three-minute “pitches” to a panel of judges and a community audience.

This year’s event takes place at the Bechtler Museum and Knight Theater in front of an audience of 1,000 guests on April 16, 2018. We invite you to view the SEED20 video and website to learn more.

Tickets for the event are now on sale. To purchase tickets, Click Here

2018: The Year of Professional Courage

With months of revelations about sexual harassment and abuse of men and women across industries, we encourage you to make 2018 the year of professional courage. Guest blogger, Tony Armeni, shares his insights below.

What are we to think of all the news about workplace behavior, and particularly sexual harassment, in the media of late?

I am sure you have read and heard every possible angle about the individuals, situations, causes, explanations, and even excuses. Who knew? When did they know? How could this be?

The one thing I have heard little about is accountability. Do we really need more training and clarifications from attorneys about the definition of sexual harassment? Do we need more value statements about integrity and transparency? The answer is NO! It is time for human resource leaders, and their executive peers, to step up and start holding their organizations and individuals in them accountable for behaviors that are in clear violation of the policies and training that they have already established. Enough about all the grey areas, misinterpretations, consensual this and that and all the other excuses. We know what this looks and sounds like. We know what the right thing to do is. Now we need to start doing it.

No more separating the offender from the accuser, rationalizing how you can’t afford to lose the star performer, implementing mutual separation agreements for the accuser and so forth. Let’s eradicate the innuendo and foul language, jokes, inappropriate remarks and other behaviors that create a culture of tolerance and acceptance.

It is important to make sure our policies on workplace behavior and sexual harassment are well communicated and that we have trained everyone in our organizations. We must take every complaint seriously and investigate thoroughly. Once all the facts are known, we must do the right thing, regardless of who the violator might be.

Merriam-Webster defines courage as the mental or moral strength to venture, persevere, and withstand danger, fear or difficulty. Get an early start on your new year’s resolutions and begin now to demonstrate professional courage and start leading your organization’s accountability crusade. Let’s make 2018 the year of professional courage.

About Our Guest Blogger

Tony Armeni, MBA, SPHR and SCP, is a senior consultant in Croixstone’s human capital practice. With extensive experience in diverse industries, cultures and environments (including Fortune 200 companies), Tony has delivered high-impact results to support the business objectives, change initiatives and leadership development activities at companies including SCOR, Joerns Healthcare, Sompo Japan, CSX World Terminals and more. Tony offers deep expertise in helping organizations navigate through sexual harassment complaints, investigations and training.

Are you ready to make 2018 the year of professional courage? For a confidential discussion, contact Mark Weber, Managing Partner, at (980) 263-0234 or by email at mweber@www.croixstone.consulting

#MakeYourMark in 2018

Happy New Year! The Croixstone team is ready with some creative ways to start the year off on the right foot. It’s time to #MakeYourMark in 2018.

One great way to start the year is by enjoying the great outdoors on New Year’s Day. North Carolina State Parks will be hosting First Day Hikes throughout the state to start the year off right. To read more about First Day Hikes in North Carolina, check out a story in the Shelby Star here and see a full list of hikes sponsored by North Carolina State Parks here.

Looking to make 2018 your healthiest year yet? Start the year off with a free Healthy Lunch & Fitness Goal-Setting Session hosted by NoDa Personal Training. To learn more and to register, click here.

Ready to take your career to the next level? Check out 10 things to do in the new year to skyrocket your career in 2018 here.

Uniquely Charlotte Gift Ideas

With Christmas less than 2 weeks away and Hanukkah in progress, we know you may be scrambling to find that perfect gift. Why not try out some uniquely Charlotte treasures?

Uniquely Charlotte Gifts

In November 2017, Architectural Digest named The Ivey’s Hotel as the most beautiful hotel in North Carolina. Why not plan a get-away at the The Ivey’s Hotel in Uptown Charlotte and explore what the city has to offer? Read more about The Ivey’s Hotel and take a glimpse at the inside here.

Need a beautiful piece of jewelry for someone special in your life? Fashion and Compassion is a non-profit boutique located in South End that specializes in fashionable fair trade jewelry made by women overcoming poverty & injustice around the world.

Check out 43 local gift ideas for 2017 in Charlotte Magazine’s Gift Guide.

Looking for a unique leather gift from a local company? Check out Anchor Leather Co. The Croixstone team first became familiar with Ethan Martin’s company at a Vintage Charlotte Pop-Up event two years ago, and we absolutely love their hard-wearing, fine leather goods. You can also find their goods sold on Etsy.

Does someone on your list need a new professional head-shot? Consider giving Jim McGuire Photography and Video a call. Located in Studio1212 off of 10th Street, Jim recently captured pictures for the Croixstone team. Stay tuned for an unveiling in 2018.

Give the gift of an experience. Here are 101 Fun Things to Do in Charlotte.

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