By Steve Outing
The idea is that any employee (or group of them) who can come up with a business idea for the company that makes $50 million in revenue by the end of 2010 will receive a $1 million bonus.
I have a couple different reactions to this:
1. Bravo, Gatehouse, for leveraging employees’ brainpower and encouraging them to think outside the box in order to take the company profitably into the future. I and many others have complained about the lack of R&D by traditional news companies, so this is a step in the right direction.
2. I have my doubts that Gatehouse will end up actually paying out the money. After all, if an employee has an idea for a $50 million business, why not quit and pursue the idea him/herself?
- Future of news scenarios show what’s (likely) to happen with newspapers - August 6, 2014
- Predict future news events with web data - July 15, 2014
- Start at the end: How ‘backcasting’ might save investigative journalism - July 9, 2014
- How to measure the value of news content: How about based on reader action? - June 26, 2014
- What if? … The NY Times ended its daily print edition - June 3, 2014
- NY Times: Another myopic dinosaur that needs to go digital first? - May 19, 2014
- Is ‘Journalism’ losing its clout in U.S. higher education? - March 24, 2014
- How to spark innovation in your own thinking (journalism edition) - February 26, 2014
- New Secret app offers escape from our transparent society - February 2, 2014
- How a sci-fi dystopian vision can improve the future - January 20, 2014