THINK Week in Review: The Labor Day Edition

The first Labor Day was held in 1882. Its origins stem from the desire of the Central Labor Union to create a holiday for workers. It became a federal holiday in 1894. Today, it is largely a day of rest. Many people mark Labor Day as the end of the summer season and a last chance to take trips or hold outdoor events. Enjoy your long weekend and, of course, the fruits of our labor in finding the best stories of the week for you: A dedicated team of problem solvers can help big companies act like startups. "By assigning lean start-up like projects to a dedicated group of skilled people, big companies can get the best of both worlds, leverage their big-company assets to foster entrepreneurial agility." Another day, another new study about the digital generation. These are pretty good insights: "Today's tech-savvy, mobile-first Digital Generation consumer wants choice, convenience and personalization. The Digital Generation wants customized offers and communication and an experience that is easy and intuitive while also being contextual based on their real-time activities. Banks and credit unions that understand the difference of the Digital Generation and take the steps needed to provide what they want will be at a compelling advantage in a rapidly evolving marketplace.' How the Big Data explosion has changed decision making: "Including more people, alas, typically increases coordination costs and response times. But, almost paradoxically, greater organizational agility requires greater responsiveness and improved coordination. The more stakeholders involved, the more likely that decisions are delayed. But effective agility frequently demands inclusive stakeholder involvement." There are good reasons to be excited about Big Data. What are the other reasons? "It is imperative to be able to evaluate collected customer transactions in real time and connect them for prediction of future customer behavior using deep learning and other probabilistic algorithms,” the report reads. A Harvard psychologist reveals why you're not achieving your goals. "A lot of research is showing us that we do much better when we focus on incremental change, on little bits of improvement."