By Nilofer Merchant (Contributing Writer, Harvard Business Review)
As an investor, a corporate board member, etc, my role is primarily that of achieving growth by asking (hopefully smart) questions, and giving advice.

After many years of giving advice, I can say people “take” advice in five ways. Four waste the effort (time/money) and one works.

It’s a skill to know how to give advice. However it is ALSO a skill to take advice. I believe this skill to know how to take (good) advice is a key differential between those that cross that finish line and those that don’t.

Read the full post at Nilofer Merchant’s blog.

About the guest blogger: Nilofer Merchant is a corporate advisor and speaker on innovation methods. Her first book, The New How, offering a handbook for setting direction collaboratively to achieve results, was published in 2010. Follow her on Twitter at @nilofer or sign up to get her blog at