Work-Life Strategies & Solutions

On the Evolution of Work Systems in the Digital Economy

Tag Archives: Business

The Top Management Models That Are Changing How Business Operates [Infographic]

Submitted by Quinn Cooley, Media Manager at at Circa Interactive

Edited by Lynn Patra

North American business leaders have their fingers on the pulse of what it takes to flourish in a constantly changing society. No, it isn’t cutting costs. It is learning how to adapt to change.

The management issue businesses face

While 75% of executives believe that their future success is dependent on their ability to adapt, less than half of them have tried change management programs. And, of the people that have tried to integrate change management programs into their business, only 54% of them feel as though their efforts have been successful.

Clearly, there is a discrepancy between what prevailing wisdom says must be done, and what is actually getting done.

The issue with implementing effective change

Surprisingly, most executives agree that an overhaul on corporate culture is necessary in order for change to effectively occur. While the vast majority of executives agree that it is necessary to consider a company’s culture in order to make effective change, 76% also acknowledge that this was not accomplished in their own change management efforts. Read more of this post

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Fintech and Banks: How Can the Banking Industry Respond to the Threat of Disruption?

Submitted by Michelle Young at Toptal

Authored by Alex Graham, Finance Expert for Toptal

Edited by Lynn Patra

Executive Summary

Fintech 1.0 needs fintech 2.0 to arrive.
How have banks reacted to fintech?
There are four areas in which the financial industry can focus to improve their response to fintech.
What will the bank of the future be?

Banks Can Play the Fintech Game Too

Fintech, shortened from financial technology, is assumed to be a modern movement. Yet the use of technology to assist financial services is by no means a new phenomenon. Financial services is an industry that introduced credit cards in the 1950s, internet banking in the 1990s and, since the turn of the millennium, contactless payment technology. Yet, fintech’s place in the public conscience has really taken off in the past three years:

Chart 1: Google Trends "Interest over Time" Results for the Search String "Fintech"

The takeoff of this term has come from startups—actors not within the inner circle of financial services, taking a more prominent role within the ecosystem. Three core trends have led to this movement emerging: Read more of this post

A Quick Status Update & Business Resource Recommendations

Months ago I mentioned that I’d spend this past summer giving a new business venture a go and would report back on how this panned out. It wasn’t meant to be. However, this snag is another chance to learn and problem solve in order to transition to the next opportunity. Despite people telling me that I seem to have everything together, I understand what it’s like to struggle. For now, I’m focused on returning to the workforce, but at least fall season is the ideal time to search I hear.

However, between time spent inside my own head and working on the business, my networking efforts fell to the wayside, and this doesn’t set me up well for finding a job. Personal referrals are the way to go nowadays, what with hiring managers having to sift through piles of resumes. This is, by the way, a familiar problem that some introverts have. Well, I decided to act in accordance to the saying about sometimes having to spend money to make money (and no, I don’t think money is the root of all evil but I’ll return to this thought with my “politics in the workplace, etc.” series next week).

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How to Hire the Right M&A Advisor to Help Sell Your Business

Submitted by Michelle Young at Toptal

Edited by Lynn Patra

It can take around five months to sell a business. It is a significant commitment with many risks, in terms of juggling attention between ongoing operations and negotiating the sale. Enlisting the a professional M&A consultant’s assistance will help a founder to manage time, maintain their business, and maximize the economic outcome of the deal.

To help select an M&A consultant to work with, we will outline the steps of selling a business and, for each, outline the beneficial characteristics that a consultant can provide.

This article is written within the context of trying to sell a business (outbound), as opposed to fielding an unsolicited request to buy a business (inbound)

Prelude: Does the Founder Want to Sell?

The reasons for selling a business will first be defined by the owner’s personal situation and desires: Read more of this post

My Life with Animals: Loki’s recovery part two – the great poop watch of 2012

If this content seems odd and off-topic, bear with me as I tie this to my blog’s subject matter. Autumn always draws my attention to the fact that the year will soon end. When this year ends it’ll be 9 years since the Great Recession began. Can you think of many places that have scarcely recovered after all these years? Let me know. As for me, the still bleak economic condition of my hometown of Redding, California always sticks out.

Despite a prevalent impression that there’s nothing to see or do here however, Redding has notable points of interests. Turtle Bay is one of them. During tough times, Turtle Bay continued to adapt and improve operations, including the current transition to a more sustainable business model. If any of you plan to visit Northern California or just pass through, consider giving Turtle Bay, and Redding, your patronage. This story showcases the staff’s devotion to their non-human residents but they also stress that wild animals belong in the wild.

Turtle Bay Blog

I sat for eight hours on the floor with Loki, trying to make him comfortable enough for him to sleep and diligently watching his IV lines. By the end of the day, the vet said that Loki had had a sufficient amount of the IV antibiotics and pain meds that he could leave the clinic. But before we could go, the vet put a pain patch on Loki’s front leg that needed to stay on for three days and that meant that the cone-of-shame needed to stay on as well. Evidently, we weren’t out of the woods yet in many ways.  First, it was going to take a small miracle to stop Loki from getting to that pain patch and consuming it. Second, we still didn’t know if his intestines would heal well enough to hold.  We had to wait for him to successfully defecate to know he was okay. And so…

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Making Virtual Work a Success for Employer and Employee

Better CollaborationThe next Better Collaboration video conferencing event on strategies for driving virtual workers’ productivity is coming up! The information that will be presented is geared towards organization leaders who’re interested in learning about the best tools and practices for virtual work arrangements. This event will take place on Wednesday, January 15, 2014, 2:00pm-3:00pm Eastern Standard Time/11:00am-12:00pm Pacific Standard Time. To register, please visit the Better Collaboration Meetup site. Details regarding this event follow: Read more of this post

Portraying Yourself Professionally Through Social Media [Infographic]

For those who’re purposefully looking to maintain a professional image via social media, here’s an infographic that has been going around. Much of this information is based on common sense. However, the percentages reflecting employers’ or recruiter’s emphasis on some social media sites more than others for information about you may be particularly helpful to keep in mind. Hence, you can make an informed decision about where to expend your efforts. Alternatively, for those of you interested in protecting your privacy, some general but important tips appear towards the bottom of this graphic.

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Ideal Traits of Global, Cross-Cultural Virtual Team Members

Information about selecting virtual team members with focus on the need to function globally and cross-culturally is scarce. As luck would have it, I came across some recommendations derived from Dr. Joel Paul Ginsburg’s work – available in dissertation form here. The following is a representation Global Symfony’s recommendations which I’ve modified for simplicity (see their website for details): Read more of this post

This INTJ’s Take on the Myers-Briggs Type Indicator

Typealyzer

My Typealyzer result: NT for “Rationals” and INTJ specifically.

Having written on the subject of surveillance, I’ve been exploring how much insight others can possibly acquire about you just based on your writing. From here, it didn’t take long to discover various text analyzers developed through uClassify.com (most of which seem crudely put together), but I’m pretty sure more sophisticated, and less readily accessible, text analyzers exist elsewhere. Of those that are available to the public, Typealyzer (which gives you a Myers Briggs type based on your writing) has been most frequently discussed by bloggers. Did the Typealyzer accurately classify me? Although there are infrequent variations on individual posts, for the most part, it has classified me as INTJ and this is consistent with how I score on self-reported assessments across time and situations as well as others’ evaluation of me.

Yes, much uproar has been made about MBTI’s reliability (or rather lack thereof) in recent years. In this post, I will delve deeper into problems encountered in the use of the MBTI. After some thought, I believe I can reconcile claims of unreliability with claims of reliability (and meaningfulness for some test-takers). To begin with, a better question than “Does MBTI have good/poor reliability?” is “For whom does MBTI have good/poor reliability?” See the discussion (pages 290-292) in Capraro, R. M. & Capraro, M. M. (2010) about why it may be incorrect, in this case, to speak of reliability for a tool or instrument. Rather, it may be more accurate to talk about reliability for a particular evaluation or the interaction of evaluation and assessment tool. This article is available here and here. Read more of this post

Recap of Better Collaboration’s Recent Video-Conferencing Events

Better Collaboration

For those curious about what Better Collaboration’s video-conference events are all about, I’ve provided a synopsis of the most recent ones below. Also, a brief introduction to material that will be covered at the next event follows.

May 22, 2013: Attendees were treated to a demonstration of Sococo by CEO and Co-Founder, Paul Brody. By providing a bird’s eye view of individual offices in a virtual office building, Sococo allows everyone to see where others are located. Each room has its own audio, video, and chat channel. This set-up is intended to provide the type of environmental structure and features that would facilitate and encourage the type of unscheduled business and social meetings found in traditional office environments. Read more of this post

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