Harib Shaqsy

Cost-Benefit Analysis – Deciding, Quantitatively, Whether to go Ahead

[ad_1] Deciding, Quantitatively, Whether to Go Ahead (Also known as CBA and Benefit-Cost Analysis) © iStockphotoHenrik5000Do the benefits justify the cost? Imagine that you've recently taken on a new project, and your people are struggling to keep up with the increased workload. You are therefore considering whether to hire a new team member. Clearly, the benefits of hiring a new person need to significantly outweigh the associated costs. This is where Cost-Benefit Analysis is useful. Note: CBA is a quick and simple technique that you can use for non-critical financial decisions. Where decisions are mission-critical, or large sums of money are involved, other approaches – such as use of Net Present Values and Internal Rates of Return – are often...

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Newsletter 466: Why Are They Leaving?

[ad_1] Why Are They Leaving? High staff turnover has a destabilizing effect on you and your team. You can quickly end up on a time-consuming recruitment "merry-go-round," and your remaining people have to pick up the slack. People leave for many reasons, including changes in their personal circumstances. But they might be dissatisfied with your organization or even your management style. Our article, How to Survive High Team Turnover, explores six ways for handling this situation.Creating job satisfaction within a positive working environment is one way to reduce team turnover, and you can discover how to do this with our video, Build a Positive Team in 4 Steps, and our...

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How to Work Effectively With Consultants – Get the Best From Independent Experts

[ad_1] Get the Best Results from Independent Experts © GettyImagesvadimguzhvaStrike the right chord with outside experts. Jennie closes Simone's front door and walks back to the car. She feels a warm glow. Simone is besotted with her new baby boy, and Jennie isn't totally surprised that she's decided to stay at home to be a full-time mom. But, as Jennie heads back to the city, she can't help but feel a bit aggrieved, too. Not with Simone but with Gus, a consultant brought in six months ago to drive forward her organization's "Transformation 2020" program. Jennie recognizes that part of Gus's remit is to shake things up and to push through change. But she feels that his abrasive and arrogant...

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The 8 Laws Of Success

[ad_1] David Essel’s 8 Laws of Success The “Law of Attraction” excites Americans with dreams coming true, like imagining “checks in the mail “, so that we become millionaires or, by having a vision board, we will somehow magically attract our soulmate. It taps into the emotional side of many people who love to live in this realm of life. But it’s not very realistic. It’s more “wishful thinking” than anything else. Let’s think for a moment. If a program offers huge results, with little to no effort, isn’t it time to stop buying into the insanity? Millions of people have used this technique, yet few will ever find success from “wishful thinking or fantastical affirmations.” So, where do we...

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The Dunning-Kruger Effect – Judging Ability Accurately

[ad_1] Judging Ability Accurately © GettyImagesdobrinovDo you have a distorted view of your abilities? "Real knowledge is to know the extent of one's ignorance" – Confucius Have you ever interviewed a job candidate who claimed to be good at something, only to discover later that they had been exaggerating their skills? It probably left you confused. After all, why would they lie about such a thing when they would certainly be found out if hired? Or perhaps you manage someone who doesn't improve, even after you demonstrate what should be done. Or you've discovered that a member of your team who is humble about their skills is actually super talented. It turns out that these behaviors are all common quirks of human...

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Five Ways to Deal With Rudeness in the Workplace – Saying "No" to Uncivil Behavior

[ad_1] Saying "No" to Uncivil Behavior © GettyImagesCatLaneRudeness at work can have a high cost. Hannah sat at her desk, shaking with anger and feeling totally humiliated. She had been subjected to a very public "dressing down" by her manager at a respected publishing house. He had vented his rage after learning that a best-selling author's new book would likely miss its launch deadline. Hannah, a production editor, had tried her best to keep the project on schedule, but it had been beset by events beyond her control. First, the author had delivered his manuscript late, despite numerous reminders. When it did arrive, it needed a time-consuming rewrite, and then the designer went on sick leave, leaving the planned timeline...

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Newsletter 467: 5 Ways to Rid Your Team of Rudeness

[ad_1] 5 Ways to Rid Your Team of Rudeness Do you seethe when you see dirty cups left in the communal sink, or when half of the people in a meeting are staring at their smart phones? Workplaces can also be the scene of more serious forms of rudeness, such as aggressive behavior and inappropriate language. You can learn how to stamp these pernicious habits out with our articles, Five Ways to Deal With Rudeness in the Workplace and Bad Behavior at Work.As a manager, you can get a feel for how your people treat one another by spending time with them. You can explore this in our article, Management By...

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BRAIN, BRAN and BRAND – Balancing Intuition With Logic

[ad_1] Balancing Intuition With Logic © GettyImagesDragonImagesSometimes, the best decision is to just do nothing. It certainly appears to be an attractive offer, Jeb concedes, as he listens to Jayla explain the deal that's on the table. Together, they own a small, independent training company based in Minnesota, which they've built from scratch. Although the business has done OK financially, it's also had its ups and downs. Now, they've received a substantial offer from the state's biggest training provider – their long-term rival – to buy them out. "It does sound generous," says Jeb, "But isn't there a danger that we'll disappear as a brand? That everything you and I have worked for, all we've built up, will disappear?" "That's...

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Overthinking Will Destroy Your Happiness: 3 Tips to Keep Your Sanity

[ad_1] There are a lot of positive things about being analytical. Being analytical allows you to make better decisions, develop a deeper understanding of the world around you and become a more successful person. There is a fine line, however, between being analytical and overthinking everything. Overthinking is detrimental to a person’s happiness and almost never makes a situation turn out any better than it would have otherwise. It also leads to indecisiveness, which can prevent a person from taking action when action is needed the most. According to Amy Morin, “Whether they’re beating themselves up over a mistake they made yesterday, or they’re fretting about how they’re going to succeed tomorrow, over-thinkers are plagued by distressing thoughts. Their inability...

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Porter's Value Chain – Understanding How Value is Created Within Organizations

[ad_1] Understanding How Value Is Created Within Organizations Which activities are adding value to your organization, and how? How does your organization create value? How do you change business inputs into business outputs in such a way that they have a greater value than the original cost of creating those outputs? This isn't just a dry question: it's a matter of fundamental importance to companies, because it addresses the economic logic of why the organization exists in the first place. Manufacturing companies create value by acquiring raw materials and using them to produce something useful. Retailers bring together a range of products and present them in a way that's convenient to customers, sometimes supported by services such as fitting rooms...

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