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To assess our health, we weigh ourselves, measure our blood pressure, and check our cholesterol. Are we able to quantify our well-being and wisdom?
How you stand, sit, and speak all affect whether people are open to being influenced by you. If you want people at work to trust and respect you, regardless of your title or authority, pay attention to your body language.
If you’re struggling to let go of some of your perfectionistic tendencies, or managing someone who is, it can be helpful to remember the ways perfectionists can self-sabotage in the workplace. No matter how much it may feel like perfectionism is a helpful trait, it usually isn’t.
A certain farmer had become old and ready to pass his farm down to one of his two sons. When he brought his sons together to speak about it, he told them: The farm will go to the younger son.
The older son was furious! What are you talking about?!
he fumed. The father sat patiently, thinking.
Okay,
the father said, I need you to do something for me. We need more stocks. Will you go to Cibi’s farm and see if he has any cows for sale?
The older son shortly returned and reported, Father, Cibi has 6 cows for sale.
The father graciously thanked the older son for his work. He then turned to the younger son and said, I need you to do something for me. We need more stocks. Will you go to Cibi’s farm and see if he has any cows for sale?
The younger son did as he was asked. A short while later, he returned and reported,
Father, Cibi has 6 cows for sale. Each cow will cost 2,000 rupees. If we are thinking about buying more than 6 cows, Cibi said he would be willing to reduce the price 100 rupees. Cibi also said they are getting special jersey cows next week if we aren’t in a hurry, it may be good to wait. However, if we need the cows urgently, Cibi said he could deliver the cows tomorrow.
The father graciously thanked the younger son for his work. He then turned to the older son and said, That’s why your younger brother is getting the farm.
Being successful requires being proactive and not waiting for life to come to you. It means you’re on offence, not defence. You’re active, not passive.
The digital revolution seems to be threatening established businesses, and no industry appears to be immune from it. Not all industries are equally affected by the emerging technology models. Some sectors, such as banking or news, have the potential to be 100% digital, whereas others businesses primarily based on human contacts or products, such as hairdressing or mining, may not have the potential to be fully digital. These businesses are affected by way of technology used, the back-office processing, or the way they interact with customers.
In his report, Julian Birkinshaw, Professor of Strategy & Entrepreneurship at London Business School, has looked at the UK retail banking and the impact of the digital culture on the retail banking and how to address these challenges. Birkinshaw views the challenges as opportunities and refers to them as Market Innovation, Operational Innovation, and Business Model Innovation respectively. The report concludes by defining better ways to foster a digital mindset by deploying a ‘fast/forward 'culture where fast means alert, agile, experimental and capable of decisive action and forward means proactive and searching, and it also means seeking to create a meaningful connection with customers and other business partners.
Read the full report here
Spreadsheets as a back-end are services that turns spreadsheets into a database or a web server back-end.
Human beings have a natural inclination toward creativity, primarily due to the fact that creativity has afforded us basic tools to enhance their daily lives.
SpaceX requests permission from US government to operate network of 4,425 satellites to provide high-speed, global Internet coverage.
The promise of performance incentives starts early. Preschoolers get stickers for good behavior. Later, parents might buy their teenagers pizza for scoring well on tests. And in the business world, employers dangle bonuses for achieving certain goals.
Say you are an executive of a company desperate to meet market expectations. If you meet them, your stock options hit their strike price—but it looks like the firm’s performance is going to come up short. You could make a last-ditch effort to enter a new market, but it’s risky. Under other circumstances, you would never consider it. Do you go for it anyway?
Consumers who were offered free bread sticks as a promotion from a pizzeria said they’d be willing to pay $5.06, on average, for them once the promotion ended, only slightly less than the amount consumers were willing to pay when there had been no promotion.
To be successful, a company needs creativity, but it also needs cohesion. Successful companies depend as much upon teams of people collaborating as they do on the vision of a CEO.