Business has always had a strong social element to it. In fact, some would argue that a lot of the best businessmen have gained their position because of just that; they can talk well. Making friends has always been a great way to boost your business. And, it can help in more than one way. There are loads of different areas that working with other businesses can benefit. And, this post is going to be going through some of them. So, all you have to do is make the contacts and get friendly!
This week I have the pleasure of helping to promote the book Awakening Compassion At Work by Monica Worline and Jane Dutton. It is a definite must read for all organizations, leaders, managers and employees too!
Awakening Compassion At Work opens our eyes to the power of and importance of compassion in organizations and reveals caring as a competitive advantage that fuels innovation, service quality, adaptability, retention, and more.
The quiet power that elevates
Suffering in the workplace can rob us of humanity, dignity, and motivation. Often silent and left unaddressed, suffering is a costly drain on organization productivity and potential. Marshaling evidence from two decades of research with organizations in a variety of industries and sectors, scholars and consultants Monica Worline and Jane Dutton show us how small actions can have big effects. Offering a view of compassion that is grounded in the best of social science research and the new science of compassion, this book teaches four ways that anyone, regardless of position or role, can bring more compassion to their work lives. Continue reading
Are you looking to attract millennials to your company? This generation is often misunderstood, and sometimes unfairly so, but they make excellent employees who are willing to give their all in their workplace and to contribute a high level of creativity. And given that they are digital natives and understand this language of the future, can your business afford not to do everything in its power to attract them to work for you? Continue reading
All business owners want to ensure that their operations are running as smoothly as possible. This is how you will reach optimum productivity and make the highest profits. However, lots of common stumbling blocks can create problems and keep you from reaching your peak performance as a business. With that in mind, I’ve taken the time to highlight some of the most common stumbling blocks today. I hope that reading about these eventualities will help you to make a plan and have contingencies in place. Once you have a plan in place, you should be able to navigate the minefield without stepping on a fuse.
The job of companies has traditionally been to make sure that they protect their physical assets from damage. But thanks to the rise of technology, the value economy of “stuff” relative to data is declining. Tech millionaire and entrepreneur Jaron Lanier has made the observation and pointed out that the majority of people who are getting rich in the world of technology today, have a big computer nearby that stores a lot of data. Facebook, for instance, has a treasure trove of data relating to people’s preferences and their online behavior. Google has an even bigger one. And new upstarts, like Uber, are doing a similar sort of thing. They’re leveraging the power of their data to offer new levels of service to their customers.
A lot of businesses see the benefits of being close to data and how it is impacting the economy as a whole. Go back fifty years, and the biggest companies in the world were those that owned the most assets. General Electric, General Motors, Boeing, and Shell were all very valuable because they owned factories and oil rigs. These days, these companies aren’t worth as much as the big tech companies. Microsoft, for instance, has a valuation of more than $300 billion. Amazon, the online shopping giant, is even more valuable. And Google is approaching a market cap of more than a trillion dollars, which it will surely achieve if it continues to successfully develop and implement artificial intelligence technologies.
Doug Yakola has seen his fair share of companies in crisis during his time in business leadership. As the Chief Financial Officer of more than a dozen companies, he’s had several what he calls “boiled frog” moments. Companies, he says, are like frogs put in warm water that are slowly heated up. They often don’t realize that anything is wrong until the water’s boiling and it’s too late to escape. It isn’t necessarily down to bad management. It’s often just that the senior management team isn’t able to accept that the world has changed and moved on and their company hasn’t. The power of inertia can be strong in business.
Other companies get into a crisis by not focusing on the right data. They have the right idea, Yakola says, using data to help make decisions. But sometimes the data they are using is not useful when it comes to improving their revenue. Using the wrong data hamstrings companies and causes them to become less and less relevant to the needs of the market.
After having so many near misses himself, Yakola took a step back and asked how ailing companies can lead themselves out of a crisis. Here is some of his hard-won wisdom.
One of my favorite leadership authors is back! I am excited to be participating this week in the launch of Leaders Made Here by Mark Miller. I love Mark’s work and this is no exception. Mark truly gets what it takes to be a great leader and create more leaders, not just followers. Mark’s work is easy to relate to as he uses storytelling to reinforce the messages and lessons that he wants you to learn. He is an author that I consistently recommend to others.
The following is a guest post from Mark Miller.