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Detroit Ruling on Bankruptcy Lifts Pension Protections

Detroit Ruling on Bankruptcy Lifts Pension Protections | Takin Care of Business | Scoop.it
Detroit is eligible to enter bankruptcy and shed billions in debt, a federal judge ruled Tuesday, while also finding that public pensions could be reduced despite a provision in Michigan’s Constitution.
Brad Sooter's insight:

Although pension plans are protected and must be paid when the contract is made, a Detriot Judge ruled that they are not completely protected when a city files for bankruptcy. This itithe first time that a judge has ever ruled like this before. Chicago, Los Angeles, and other cities will follow. The burden of pension cost has limited government spending for schools, police, and state parks. 

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In Mission Statements, Bizspeak and Bromides - New York Times

In Mission Statements, Bizspeak and Bromides - New York Times | Takin Care of Business | Scoop.it
Companies’ goals are put on paper, but are sometimes lost in translation.
Brad Sooter's insight:

        Mission statements are becoming more and more popular. There are even mission statement consultants now. We are even being pushed to make our own individual mission statements. The mission statements are starting to become more and more worthless. There are examples of the mission statement being useful, but too often they do not even relate to the companies actual focus. Bottom line is that missstatements are important, but we must not use nonsense jargon that sounds good. Instead we should use clear and concise words that actually represent the mission.

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Clearing the Fog Around Personality Disorders

Clearing the Fog Around Personality Disorders | Takin Care of Business | Scoop.it
A new proposal to clarify diagnoses of recognized personality disorders and better integrate them into clinical practice, to extend and improve treatment, is meeting resistance.
Brad Sooter's insight:

Times are changing and  the American psychiatric association is debating a change of how they want to diagnose personality disorders. When a asked to diagnose people's personality disorders, the doctors often diagnose individuals differently. The APA wants to make it easier to correctly diagnose these individuals. This is easier said than done. It is hard in this situation not to resist simplification. 

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Wal-Mart Drops Ambitious Expansion Plan for India

Wal-Mart Drops Ambitious Expansion Plan for India | Takin Care of Business | Scoop.it
The retailer also said it was ending its joint venture with Bharti Enterprises to operate 20 wholesale stores in India and will buy out its partner’s stake.
Brad Sooter's insight:

Walmart was very ambitious in plans to open up to a new market in India, but they ran intro some problems. The biggest problem is that government regulations make it so that 30 percent of the stuff sold in the walmart stores in India must be made locally. The product are not made cheap enough there. Also for Walmart, which is the biggest company in the world, to change out 30% of its suppliers and Inventory would take a lot of work. 

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100 Best Companies to Work For 2013 - Zappos.com - Fortune

100 Best Companies to Work For 2013 - Zappos.com - Fortune | Takin Care of Business | Scoop.it
Zappos.com was ranked 31 in Fortune’s annual Best Companies to Work For in 2013. See who else made the list.
Brad Sooter's insight:

Zappos.com has a number of benefits that thier employees are given. Health, dental, vision, fitness, nutrition, life insurance just to name 

a few. The Zappos.Com company uses hygiene factors to motivate its employers. They believe that company relationship, benefits, security, and working conditions will motivate its employees. This company also relies on the equity theory, so that they will receive the same output from thier employees that they get from what they give to their employees.

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6 Tips for Making Better Decisions

6 Tips for Making Better Decisions | Takin Care of Business | Scoop.it
The one thing everyone on the planet has in common is the undeniable fact we’ve all made our fair share of regrettable decisions.
Brad Sooter's insight:

It is undeniable that everyone has made bad decisions. In management you can make better decisions by developing a qualitative and quantitative filtering mechanism. We must use our knowledge we know, the information and data we collect, and go with our gut instinct. A huge part of decision making is determining fact from fiction- how credible is the source? Is there any bias? 

The 6 steps are 1) to perform a situational analysis, 2) then put your decision in public scrutiny, 3) conduct a cost/ benefit analysis, 4) also a risk/ reward analysis, 5) determine if it is the right thing to do, 6) then make the decision.

-and as a bonus always have a backup plan.

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After a Recession in Portugal, the Tiny Green Fruits of Success

After a Recession in Portugal, the Tiny Green Fruits of Success | Takin Care of Business | Scoop.it
Recent data suggest that the country is indeed hitting its export stride, but the balance sheets of the nation’s banks could weigh on the fragile economic comeback.
Brad Sooter's insight:

The unique galega olives, that are native to Portugal, produce oil! 

 

Portugal is already one of the most beautiful places on earth, will this tiny green fruit stiffen its economy?

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Business Social Media: Rise of the Machines

Business Social Media: Rise of the Machines | Takin Care of Business | Scoop.it
Tibco offers social networking software that treats data like one more participant in the conversation. Coming up: Augmented reality on mobile phones, so a camera view can tell headquarters what shelves to restock.
Brad Sooter's insight:

Company called Tibco uses social networking as a voice or a stakeholder. Social Networking must know a lot because of the social popularity. There are so many voices and it is for free.

 

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Reading facial expressions of emotion

Reading facial expressions of emotion | Takin Care of Business | Scoop.it
Emotions are an incredibly important aspect of human life and basic research on emotions of the past few decades has produced several discoveries that have led to important real world applications.
Brad Sooter's insight:

Darwin was the first to suggest emotional expressions are universal. Recently researchers have found two discoverIes. In the last decade and a half studies have found that "very same emotional expressions are produced when emotions are elicited spontaneous." Researchers have also found that micro expressions, which are small immediated reactions, are likely signs of concealed emotions. 

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Why Doing the Ethical Thing Isn’t Automatic

Why Doing the Ethical Thing Isn’t Automatic | Takin Care of Business | Scoop.it
Research shows that, in spite of what they would like to think about themselves, most people do not act ethically when put on the spot.
Brad Sooter's insight:

Over the last couple years we saw the penn state sex abuse case and others that put people in a position to make an ethical choice. In that case many heads turned the other way including one of the greatest college football coaches in history. That later got the coach fired. The research shows that even though it it's the right thing to do that people don't always do it. It is also shown that the bigger the deal the harder it is for people to make the ethical choice compared to small ethical choices. 

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The Rise of the New Groupthink

The Rise of the New Groupthink | Takin Care of Business | Scoop.it
Collaboration is in. But it may not be conducive to creativity.
Brad Sooter's insight:

        Susan Cain tells us that solidity is out and groupthink is in. She says that group think has taken over our jobs, schools, and even religion. But hold on she says, the research shows we are more creative and get more work done when we are alone. Cain also gives some examples of people who have done incredible work when individually processing and doing work. The idea is not to completely work alone. We are nothing without love, trust, and friendship. When it comes to work, do not work on a team or a committee and you will have more success. 

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Business Motivation by Nancy Wurtzel: The Sideroad

Business Motivation by Nancy Wurtzel: The Sideroad | Takin Care of Business | Scoop.it
Seven keys to business motivation.
Brad Sooter's insight:

Pretty much everything we do is guided by motivation. In business there are many keys to improve our motivation, especially in the business aspect. 

Some include: finding inspiration, setting goals, networking with other business owners or workers, rewarding yourself, excercising, keeping organized, and listening or reading recommended motivational speakers or authors.

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5 Transitions Great Leaders Make That Average Leaders Don't

5 Transitions Great Leaders Make That Average Leaders Don't | Takin Care of Business | Scoop.it
The secret to leadership is there aren’t any real secrets. The best leaders have simply gone to school on improving their tradecraft.
Brad Sooter's insight:

The picture metaphorically shows Clark Kent and Superman (the difference between an average leader and a great one). Some things that differentiate Superman from Clark Kent is that Superman is a complex individual who has found a purpose and puts people first. Superman also has incredible awareness and is not afraid to get personal. This read does not talk about details of Superman, but instead shows us how to advance ourselves into great leaders.

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