digitalNow
37.9K views | +1 today
Follow
 
Scooped by Don Dea
onto digitalNow
Scoop.it!

The Unmasking Of Ego

The Unmasking Of Ego | digitalNow | Scoop.it
Great leaders often pride themselves on having a great mind. They are often thought of as brilliant philosophers, scholars, savants, sages, intellectuals, or geniuses by the outside world.
Don Dea's insight:

Unmasking of the ego is getting to the heart of what matters.  

more...
No comment yet.
digitalNow
Exploring leadership, management, innovation, and technology issues and trends; impacting associations & non-profit organizations in the digital age.
Curated by Don Dea
Your new post is loading...
Your new post is loading...
Scooped by Don Dea
Scoop.it!

How to avoid being a technician in other clothes

How to avoid being a technician in other clothes | digitalNow | Scoop.it
Here are some other steps that can help the new manager et al succeed in their new role.
Listen well. The first step towards strong relationships is listening. Listen actively and intently to your people to build bridges and gain insights.
Communicate steadily. Keep your people in the loop through regular communication, whether in written or digital formats or via conversations and meetings. Let them know what’s going on and what you need from them for your team or business to win.
Gain small, early wins. Find easy ways to gain a sense of accomplishment and people’s trust. Identify easy, low-stakes improvement opportunities that will build positive momentum.
Learn to think more broadly. Instead of thinking in terms of technical tasks, ask yourself what your people need to succeed. Also become more mindful of big-picture items such as missions and vision, market conditions and trends, competitors, and the like.
Be a motivator. Find ways to get your people going, ideally through intrinsic rather than extrinsic motivators. If you are unsure how to do this, think of others who have motivated you to perform and the techniques that they used to do so.
Delegate. Find ways to empower your people and build their own sense of leadership and efficacy. This will also free you up for other work.
Learn new skills. Be willing to learn new things and get beyond your comfort zone. No great leader starts with a full toolkit. And no great leader ever thinks that he/she has arrived, especially in today’s ever-changing work and technological environment. Commit to ongoing learning about everything that is important to your work -- management, leadership, business development and/or technical skills -- to best guide and support your people.
more...
No comment yet.
Scooped by Don Dea
Scoop.it!

How to avoid being a technician in other clothes

How to avoid being a technician in other clothes | digitalNow | Scoop.it
Without question, one of the hardest things for a person to do in business is to take the next step from being a great worker to becoming a successful leader.
Most people start at the bottom of the employment chain as a “technician,” working hard to produce a consistent, predictable product, service or solution as mandated from above. Whether it be a craftsman developing widgets, a coder producing code, a banker managing transactions, a salesperson making sales or a repairman fixing appliances, these technicians do their jobs day in, day out. Some do it so well that they soon are promoted to the next level, that of manager or leader.
Others might decide that they can do the work as well if not better than their boss and choose to venture out on their own and start their own business. In other words, they jump from being a technician to a self-anointed entrepreneur.
(These progressions borrow from the teachings of Michael Gerber, founder of E-Myth Worldwide.)
more...
No comment yet.
Scooped by Don Dea
Scoop.it!

When Giving A Speech, It's All About Structure

The Problem With Most Speeches

When we are provided with an opportunity to give a speech, we often make a mistake when it comes to how we structure our speech. All too often we are either given a very short amount of time to deliver our speech or on the day that we’ll be giving it things have changed and we end up having a short amount of time for our speech. When this happens, we generally make poor structure decisions. What we end up doing is packing the maximum amount of information into the little amount of time that we have. Never a good idea.

The other situation that we tend to make a speech structure mistake in is when we are given a lot of time to deliver a speech. This might be a keynote or an after dinner speech. When we have this amount of time in which to speak, what we end up doing is delivering a dissertation on our topic to our audience. This is generally way more information than they can handle and what makes them happiest is when we’re done and sit down.
more...
No comment yet.
Scooped by Don Dea
Scoop.it!

Use Customer Value to Fill In the Cracks in Customer Experience 

Use Customer Value to Fill In the Cracks in Customer Experience  | digitalNow | Scoop.it
here have been cracks in the CX story. And now there is another article by a CX proponent, Charles Bennett of the Next Ten Years, Great Customer Experience does not always mean great business performance.

He goes on to say:

“The theory says customer experience is proportional to revenue. At least that’s what “best practice” thinking has taught us. The better the customer experience the better the business result.

Really? Problem! This is not always true. There is new thinking emerging that differentiates customer outcomes from customer experience. It adds a new dimension which helps companies differentiate from their competitors.

It also explains why some great customer experience companies fall into decline and why some dreadful customer experience companies are massively profitable.”

He examples Spirit Airlines, which has terrible CX, and people say “never again” after traveling it. They rank at the bottom of the American Customer Satisfaction Index, the lowest Net Promoter Score and gain the greatest number of customer complaints, by far! And yet they are profitable, and people buy and travel them. (You could ask if NPS relates to business results!)



Spirit Airlines is amongst the most profitable airline in the world with an operating margin of 23% in 2016 . You can’t deliver that sort of business performance unless customers are buying, and buying they certainly are. There must be another customer dynamic going on.

Another example is Subway, ranked 8th in the Temkin Customer Experience Survey of 300 odd US companies. Yet their revenue figures fell 4.3% in 2015 for the second consecutive year. It opened 911 new restaurants but closed 877.
more...
No comment yet.
Scooped by Don Dea
Scoop.it!

Four Common Journey Mapping Mistakes 

four common reasons for failure, and what you can do about them. 

1. Doing it yourself. I’m not referring to doing it without a vendor; instead, I’m referring to keeping your journey mapping team too small. “Too many cooks in the kitchen” might be a bad way to make chili, but when it comes to journey mapping, nobody eats food that they didn’t help cook.

Okay, that metaphor didn’t work. Let’s try again. 

Translated, if you do the journey mapping work yourself, and don’t involve your peers in the various silos, they have no reason to pay attention to the results. To drive customer-focused action, involve a broad team. Set expectations from the start that this is their project, too, and that not only will they own the insights – they’ll own the resulting actions, too. 

2. Forgetting your customers. Too many “customer journey maps” are done internally. But you can’t have a customer journey map without involving customers! I like workshops as much as the next person. But a map created by employees is a Hypothesis Map, and nothing more. 

We find that Hypothesis Maps typically cover 70-80% of information about the journey. But that remaining 20-30% is typically the most crucial information, typically explaining why a company is failing to engage customers. 
more...
No comment yet.
Scooped by Don Dea
Scoop.it!

Leaders don't cry, and other lies

Leaders don't cry, and other lies | digitalNow | Scoop.it
Wisdom and humility are marks of a true leader, as is transparency. Accumulate enough scars, and there’s no sense trying to hide them. If you do, people will know you’re just covering up. That said, there’s a time and place for everything; you don’t want to bawl in front of the board of directors or blubber at an all-employee meeting. But don’t stuff the emotion. That’s where heart attacks come from.
If you’re near tears, there’s a reason, and you need to find a healthy form of release. Leaders who don’t cry either have hearts of stone or are in denial. Neither is good. Get it out and you can get on with it.
more...
No comment yet.
Scooped by Don Dea
Scoop.it!

Staying true to your core during hard times

Staying true to your core during hard times | digitalNow | Scoop.it
Act for the sake of others

When challenges arise, we need to make sure we do things for the sake of other people. It’s not just about me surviving the challenge -- everyone is trying to survive and overcome the challenge set before them. When times get tough, decisions are made that will affect people’s lives, plain and simple.
When you start to affect people’s lives, you must ensure you’re compassionate with those decisions. How you communicate those decisions is extremely important. It’s not about what is comfortable for you, but how to ensure the best treatment for the other person.
Open and transparent communication

As a servant leader, you owe it to your people to be visible to them and open to their input and feedback. Keep people up to speed on what is going on in your company, even when times are tough. If you don’t, the hall chatter begins and the rumor mill becomes toxic. Your people are the most important asset in your company. When there is little to no transparency, people wonder what you are hiding and start to question your key decisions and actions.
When you are transparent with your employees, they understand where you and the company stand, which eliminates unnecessary speculation and gossip. Provide people with information, even if that information is difficult news to grasp. You will see the impact your authentic transparency makes in showing others your human-ness – which is much more relatable and credible than operating from a hiding place!
“We are all living during a time when people want and expect their leaders to be more human, less perfect, and at times a bit vulnerable -- regardless of hierarchy or rank.” ~ Glenn Llopis
more...
No comment yet.
Scooped by Don Dea
Scoop.it!

5 Difficulties Small Businesses Faced in 2017

5 Difficulties Small Businesses Faced in 2017 | digitalNow | Scoop.it
Building a strong customer base

One of the best ways to instil confidence in potential customers is to get endorsements from premium clients – known businesses and enterprises whose name and logo are synonymous with success and quality. Yet, one of the main challenges for businesses in 2017 was finding and winning these clients.

Focus on promoting marketing material, ensure a strong SEO strategy so customers can find you using search engines, and make sure your website is attractive, mobile-friendly, and intuitive to navigate. Once you win your first business client, get their permission to use their logo and testimony on your site, social media and marketing material, so other customers will associate success and quality with your business services.

2. Choosing the right marketing strategy

Other than the look and feel of your store and website, businesses need to understand who their key customer is and how best to market to them. Normally, this takes time and money to research; something many new startups cannot afford to commit to with earnest.
more...
No comment yet.
Scooped by Don Dea
Scoop.it!

Companies Are Using Outsourcers in Specific Areas

Companies Are Using Outsourcers in Specific Areas | digitalNow | Scoop.it
Businesses are doubling down on IT outsourcing, according to a recent Computer Economics study that polled 131 IT organizations of various sizes and in a cross-section of industries about their outsourcing trends. But a closer look shows a more textured trend: Organizations aren't looking for new functions to outsource, but instead are tending to outsource more work in the areas in which they've already become accustomed to relying on third parties. If they do decide to outsource new functions, the focus tends to be on areas that require specialized skills. "Not surprisingly, IT security was the fastest growing function being outsourced," said David Wagner, vice president of research for Computer Economics. "The variety of threats and the danger they pose increase yearly. Finding and maintaining the right skills to meet these threats can be a challenge. Turning to experts to supplement internal IT security skills is a wise choice for most organizations." Wagner noted that outsourcing of other specialized functions, such as disaster recovery and network operations, is also growing. Meanwhile, application development remains the most oft-outsourced function and is most reflective of the study's major takeaway: While the percentage of companies outsourcing AppDev is shrinking, those who are outsourcing this function are planning to do more of it.
more...
No comment yet.
Scooped by Don Dea
Scoop.it!

PaysafeVoice: Why DIY Payments Aren't The Right Route For Your Platform Businesses

PaysafeVoice: Why DIY Payments Aren't The Right Route For Your Platform Businesses | digitalNow | Scoop.it
Does Your Preference For Getting Feedback Impact Your Effectiveness?

Regardless of your preference for one kind of feedback over another, and whether you want it or not, everyone receives feedback. The question that interested us was, does having a preference affect what you do with that feedback?

We combined the results from our self-assessment of feedback preferences with 360-degree evaluations of each leader’s effectiveness. The 360-degree assessment used was Zenger Folkman’s The Extraordinary Leader™ survey, which measures 16 competencies that are the key skills leaders need to transition from good managers to great leaders. Combining the data from both assessments gave us 588 leaders for whom we had responses for both assessments. We then broke the feedback preference data down into four groups. The table below shows each of the groups, and the percentage of population in each. (If you would like to take this feedback survey click here.)
more...
No comment yet.
Scooped by Don Dea
Scoop.it!

Millennials, Gen X'ers, Baby Boomers: Here's What To Do About Your Retirement Woes

Millennials, Gen X'ers, Baby Boomers: Here's What To Do About Your Retirement Woes | digitalNow | Scoop.it
The generation: Generation X

The downside: Only 12 percent of Gen X’ers are “very confident” that they will be able to fully retire comfortably. It doesn’t help that many Gen X’ers find themselves straddling two costly responsibilities: raising kids and caring for aging parents.

The goal:  Make a plan

The advice: “If you are a Gen X’er, take the time to sit down with a certified financial planner and make a plan for retirement, if you have not already done so. He or she can help you determine how much you should be saving and help you make up for any retirement shortfalls,” explains Brown.

“A certified financial planner can also help you change your plan if you need to take time out of the workforce to provide parenting or caregiving, or if you need to cut down to part-time work. Understand that working past age 65 may not be an option, as over half of Americans leave the workforce between age 61 and 65.”

3. The generation: Baby boomers

The downside: Many baby boomers were already mid-career when employers started adopting 401(k) plans, so they haven’t had as much time to save. Later access to 401(k) plans might also mean they’re adjusting to less stable retirement outlooks: “Traditional employer-sponsored pensions that pay a fixed benefit from retirement until death—once a mainstay for middle-class retirees—have been disappearing, replaced by 401(k)-type plans whose payout depends on unpredictable investment returns,” reports the Urban Institute.

The goal: Catch up
more...
No comment yet.
Scooped by Don Dea
Scoop.it!

4 Ways That Better Listening Will Lead to Better Presenting 

4 Ways That Better Listening Will Lead to Better Presenting  | digitalNow | Scoop.it
Make eye contact. Avoiding eye contact altogether is a big temptation, and a big mistake. According to Psychology Today, “people who seek eye contact while speaking are regarded not only as exceptionally well-disposed by their targets, but also as more believable and earnest.” Take care to make eye contact with a few individuals in your audience, particularly those who appear in agreement with you. You can also pivot your body to face their direction.
Assume a tall posture with your shoulders back to exude confidence. Create a presence on your stage. Simple tips, including standing in the centre, assuming a tall posture, pulling your shoulders back, and using the space given to you to move around in, all make an enormous difference. “Remember that status and authority are non-verbally demonstrated through height and space. So stand tall, pull your shoulders back, widen your stance, and hold your head high.”
more...
No comment yet.
Scooped by Don Dea
Scoop.it!

The hidden costs of a soft-skills deficit in middle management

The hidden costs of a soft-skills deficit in middle management | digitalNow | Scoop.it
What does a soft-skills deficit look like?

Payroll eats up a large portion of any business’ expenses, so it is unsurprising to realize that some of the greatest contributions to profitability lie in employee retention, engagement and performance improvement. And yet, low engagement and high turnover runs rampant across industries, which is why 71% of employees are currently looking for another job.
What does this look like when you walk into the average workplace?
Depressed productivity: Stressed employees who work longer, produce less and feel undervalued.
Greater conflict: Teams who spend more energy in unproductive coordination, conflict or conflict avoidance than in effective communication and collaboration.
Missed customer opportunity: Employees who are not effective brand ambassadors and are unable to communicate business value when engaging with customers and potential recruits.
more...
No comment yet.
Scooped by Don Dea
Scoop.it!

Lisa Conway on leadership: Humility goes a long way, so share the spotlight

Lisa Conway on leadership: Humility goes a long way, so share the spotlight | digitalNow | Scoop.it
Humility goes a long way. So share the spotlight.

We would not be where we are today if it weren't for our employees. Our employees are number 1. We don't have a lot of turnover with our employees - or with our customers. I think that says a lot.

A leader needs to find mentors. My dad has taught me a lot, but I'm also part of an executive dialogue group. That has been crucial to my growth. There are eight of us, business owners and executives, and they happen to all be women.

Every month, someone has an issue that they'll share. We take turns. It's wonderful. These women are phenomenal.

Another piece of leadership advice is to never stop learning. I absolutely love reading, taking classes, observing other leaders, learning from other people's mistakes. I am a big believer of continuing education.

Lastly, an effective leader has emotional intelligence. Business is really about relationships. You need to be sensitive of other people's points of view.  

more...
No comment yet.
Scooped by Don Dea
Scoop.it!

Customer-Initiated Feedback: A New Window into the Customer Journey

Customer-Initiated Feedback: A New Window into the Customer Journey | digitalNow | Scoop.it
How customer-initiated feedback works
When a customer interacts with a company’s website or mobile app, it is common practice today for the company to initiate a pop-up or pop-under survey card requesting feedback from the customer on the experience. The tool has its value, but I’ve heard some CX practitioners compare it to a waiter who is constantly interrupting your dinner at a nice restaurant.

Digital feedback management solutions offer a less intrusive approach. The customer can click an icon or a feedback tab at any time to get a brief form for delivering feedback, whether it’s to report a website problem, register a complaint, request more information or share kudos for a delightful customer service experience. Rather than the ‘brand-initiated feedback’ gathered through online surveys, digital feedback management opens the door for ‘customer-initiated feedback’ through digital channels.

The wins are many
Customer-initiated feedback sheds light a customer’s digital journey that post-experience surveys might not capture. We see the customer’s responses to those steps in the moment, when emotions are running high. While a customer might immediately fire off a complaint via digital feedback management, he or she might forget about it, or decide not to report it once the formal customer satisfaction survey arrives—and once heads have had a chance to cool.
more...
No comment yet.
Scooped by Don Dea
Scoop.it!

Increasing your leadership potential

Increasing your leadership potential | digitalNow | Scoop.it
Learn to be a leader-like relationship builder by doing the following:
Establish your credibility. Whenever you consistently make decisions that benefit others you work with or that benefit your organization, you earn people’s trust and respect.
Lead through informal authority. Formal titles and positions are shallow sources of authority. Respect, trust and admiration are stronger, more durable currency. Win hearts through sincerity, passion and vision.
Talk with people at all levels. Tell them about your plans and hopes for the organization and how they can participate in its success. People will watch how you treat others and how you communicate with them.
Live by the Golden Rule. As an old saying goes, “People may not remember what you said or what you did, but they will always remember how you made them feel.” Treat people the way you would want to be treated by them.
Listen to people and hear what they say. How do you feel when you know that a person you’re taking to is listening to you? You feel great, so return the favor. Ask people what they think of an issue and then really consider what they have to say.
Deliver on your promises. It is crucial that you keep the promises you make to people. On the other hand, if you can no longer keep a commitment that you made, own up to it and let them know why. They may not like your decision, but explaining your reasons lets them know you have integrity.
Be seen. Don’t hide behind a desk and communicate by emails or tweets. Effective leaders take time out from their desk-bound responsibilities and connect to people. If your colleagues see you, they will feel connected to you and you will get the best from them.
Make the tough decisions. People need to know that there is a leader steering the ship. They need to know that when a tough decision must be made, someone will make it. It is not the leader’s job to make everyone comfortable or popular, but your actions must reflect your core values.
more...
No comment yet.
Scooped by Don Dea
Scoop.it!

The Value of Anonymous Visitor Tracking for Personalization 

The Value of Anonymous Visitor Tracking for Personalization  | digitalNow | Scoop.it
Progressive Profiling for Contextual Marketing

Insights gathered from anonymous visitors can be used to drive contextualized marketing messages. And as time goes on, you learn more and more about your anonymous users via their browsing behavior, the frequency of visits, and what they are interested in, etc. These hundreds of micro-actions should be used to build rich customer profiles, learn about intent, and personal preferences.

In order to effectively use anonymous visitors data for personalization, there are three key requirements that must be met:

Comprehensiveness – Data should be comprehensive and high-quality, collected based on interactions across as many touch-points as possible.
Unification – Data sources through multiple channels should be unified and centralized, rather than siloed.
Actionability – The platform should allow you to use all available data in real time to influence messaging and targeting.
As you collect more data over the course of multiple visits and actions, you can facilitate more relevant and timely personalization. Over time, by connecting, matching, and syncing the contextual data outlined above to anonymous visitor IDs, that large bucket of “unknown unknowns” becomes smaller and smaller.

Let’s Dive in With Some Examples

Personalization Based on Third Party Data

First impressions with a website can make or break potentially lucrative relationships. Providing a welcoming experienced based on contextual data can make a huge difference to unknown visitors.
more...
No comment yet.
Scooped by Don Dea
Scoop.it!

Northwestern MutualVoice: Rethink Your Recruiting Strategy: Zeroing in on the Must-Have Job Competencies

Northwestern MutualVoice: Rethink Your Recruiting Strategy: Zeroing in on the Must-Have Job Competencies | digitalNow | Scoop.it
Does Your Preference For Getting Feedback Impact Your Effectiveness?

Regardless of your preference for one kind of feedback over another, and whether you want it or not, everyone receives feedback. The question that interested us was, does having a preference affect what you do with that feedback?

We combined the results from our self-assessment of feedback preferences with 360-degree evaluations of each leader’s effectiveness. The 360-degree assessment used was Zenger Folkman’s The Extraordinary Leader™ survey, which measures 16 competencies that are the key skills leaders need to transition from good managers to great leaders. Combining the data from both assessments gave us 588 leaders for whom we had responses for both assessments. We then broke the feedback preference data down into four groups. The table below shows each of the groups, and the percentage of population in each
more...
No comment yet.
Scooped by Don Dea
Scoop.it!

Customer Experience Strength Depends on Being Customer-Centered 

Customer Experience Strength Depends on Being Customer-Centered  | digitalNow | Scoop.it
This article is the capstone of a 12-part series on Customer-Centered Business: 10 Keys to Organic Growth, which prescribed 4 prerequisites for each of these 10 keys:

1. Goals — Sharing the Vision
Customer experience programs do not add up to “a master plan” or a “plan for directing overall operations and movements”.

Scope Accurately: Span the end-to-end customer life cycle.
Identify Stakeholders: Customers plus all parties in your company (plus suppliers and partners).
Be Bold: By definition of “end-to-end customer experience” itself, customer-centered business is the universal aim of customer experience strategy.
Setup for Success: Corporate strategy and customer experience strategy must be mirror images.
2. Values — Walking the Talk
Customers see your company in terms of your people’s behaviors — not just the behaviors of customer-facing people, but everyone who sets and drives policies, processes, and handoffs throughout your company and its broader ecosystem.

Double-check Your Priorities: Put your money where your mouth is! Every decision you make indicates whose interests you’re putting first.
Double-check Your Alignment: Create a hand-in-glove experience! Everything the customer perceives about their journey with you indicates your right-fit or ill-fit for them.
Influence Everyday Thinking: Center your thinking on customers! That’s what customer-centricity is. “Centric” = the center of one’s attention.
Influence Everyday Doing: True outside-in businesses engage every job level and every functional area in proactive management of their respective ripple effects on customers.
more...
No comment yet.
Scooped by Don Dea
Scoop.it!

How to Improve Customer Satisfaction -Three Ego States

How to Improve Customer Satisfaction -Three Ego States | digitalNow | Scoop.it

HomeCEO InsiderExecutive Education & CareerListiclesSuccess And LeadershipTech CuriositiesDiscovering LuxuryAll Articles
Contact
Home
CEO Insider
Executive Education & Career
Listicles
Success And Leadership
Tech Curiosities
Discovering Luxury
All Articles
News / Success And Leadership / How to Improve Customer Satisfaction -Three Ego States

How to Improve Customer Satisfaction -Three Ego States


Sam Makad
06/12/2017 13:11

Back in the 1950s, Canadian psychiatrist Eric Berne developed a psychoanalytical paradigm called Transactional Analysis. The theory intends to evaluate human behavior at various levels of social transactions. Here, individuals are segmented into different ego states based on their needs and conduct. Different approaches were also defined to attend them suitably.

Transactional Analysis into Customer Satisfaction Avenues

The transactional analysis helps greatly in identifying people’s personalities, standpoints and preferences. This, in turn,assists to make the best out of the proceedings with them, ultimately concentrating on mutual benefits.

Being an adept and classical premise to forecast human behavior and expectations, transactional analysis is adopted in various facets – like family relationships, organizational settings, etc.

Correspondingly, it also serves as a sensible and functional strategy to emanate extensive customer satisfaction in all kinds of businesses.

The Three Tiers of Customer Satisfaction

As mentioned earlier, transactional analysis classifies a person to one of the three ego states, namely:

The parent –They try to have a voice of authority that they’ve learned from external factors.

The child –They react profoundly in obvious manners to events.
more...
No comment yet.
Scooped by Don Dea
Scoop.it!

Leaders don't cry, and other lies

Leaders don't cry, and other lies | digitalNow | Scoop.it
Wisdom and humility are marks of a true leader, as is transparency. Accumulate enough scars, and there’s no sense trying to hide them. If you do, people will know you’re just covering up. That said, there’s a time and place for everything; you don’t want to bawl in front of the board of directors or blubber at an all-employee meeting. But don’t stuff the emotion. That’s where heart attacks come from.
If you’re near tears, there’s a reason, and you need to find a healthy form of release. Leaders who don’t cry either have hearts of stone or are in denial. Neither is good. Get it out and you can get on with it.
more...
No comment yet.
Scooped by Don Dea
Scoop.it!

The Great Recession Is Still With Us

The Great Recession Is Still With Us | digitalNow | Scoop.it
A decade after it started, the Great Recession has faded into memory. Corporate earnings and the stock market have fully recovered, with the financial sector thriving. The labor market has fully recovered, with middle-class earnings growing and the economy flirting with full employment. The government, at the state, local, and federal levels, has recovered too, and the economy is growing close to what economists think of as the fastest sustainable pace.

Yet, 10 years after the economy tipped into the deepest contraction of the post–World War II era, the Great Recession’s scars remain, as seen in academic studies and government figures, as well as the testimony of regional business experts and the families that lived through it. The country has rebounded in many ways, but is also more unequal, less vibrant, less productive, poorer, and sicker than it would have been had the crisis been less severe. And the extent of the scarring holds lessons for the politicians and policymakers who will confront the next recession, whenever it hits and however it starts.
more...
No comment yet.
Scooped by Don Dea
Scoop.it!

5 managerial mistakes that contribute to workplace drama

5 managerial mistakes that contribute to workplace drama | digitalNow | Scoop.it
Many new leaders silently struggle in their leadership role. They avoid difficult conversations about performance because they do not have the confidence or the skill to coach others or facilitate change. Or, they do not have the critical skills to determine the root problem of poor performance, so their decisions are based on assumptions rather than analytical thinking.
These managerial mistakes contribute to a culture of mistrust and disempowerment. Executives can use this short list to determine the root causes of leadership failures within your organization.
Failing to develop new leaders
Avoiding performance conversations
Taking it personally
Making assumptions
Using accountability the wrong way
Inadequate development

A good technical worker is not necessarily a born leader. Newly selected leaders often experience an identity crisis due to lack of leadership development. The new leader has not had the time or development necessary to identify with the new role as leader. As a result, this new leader makes rookie mistakes.
The first mistake is trying to be everyone’s best friend. The open door soon becomes a revolving door. The end result is the new manager has to work around the clock to get work done, and the employees become co-dependent instead of empowered. The second mistake is laying down the hammer to show who is boss. The end result is a toxic work environment.
more...
No comment yet.
Scooped by Don Dea
Scoop.it!

 Crypto Startups: Managing ICOs And Fundraising On The Blockchain

 Crypto Startups: Managing ICOs And Fundraising On The Blockchain | digitalNow | Scoop.it
Here are three key findings from the study:

More women are working as they approach retirement. The percentage of women age 55-64 in the workforce increased from 53% in 2000 to 59% in 2015, hitting a high of 61% in 2010.
There’s a glaring gender gap when it comes to retirement security. In 2013, women were 80 percent more likely than men to face poverty in retirement.
Women’s varying backgrounds can impact financial stability in retirement. Factors like age, marital status and race can all impact the financial circumstances of retired women. For example, the gap widens as retirees age: women age 75 to 79 are three times more likely to be impoverished than men.
The NIRS, a nonprofit, nonpartisan organization, advocates for public policies that strengthen financial security for retired Americans—especially those most susceptible to poverty—like enhancing social security for women and improving state-funded savings programs.
more...
No comment yet.
Scooped by Don Dea
Scoop.it!

Want a great culture? Mind your Ps and Ds

Want a great culture? Mind your Ps and Ds | digitalNow | Scoop.it
ou’ve heard the phrase, “Mind your Ps and Qs”? Here is a twist on that -- three Ps and three Ds that leaders must pay attention to.
These Ps and Ds have a huge impact on the quality of your work culture. Why should you care? Because your work culture drives engagement, service, and results, for better or worse!
Culture matters in every organization, whether you have a small team, a huge multinational, or any size or type of organization in between.
You’ve seen these Ps and Ds -- and their impact -- in your work cultures over time.
The Ps? Purposeful, positive and productive. Effective leaders craft a purposeful, positive, productive work culture with intention and attention.
The Ds? Discounting, demeaning and dismissing. There is no faster way to eroding engagement, service, and results in a workplace than by discounting, demeaning or dismissing others’ ideas, efforts, and accomplishments.
The challenge is that the three Ds are much more prevalent in our work enviro
more...
No comment yet.