Saturday, December 19, 2015
Thursday, December 17, 2015
Saturday, December 12, 2015
How Will You Measure Your Life?
How Will You Measure Your Life?
One of the theories that gives great insight on the first question—how to be sure we find happiness in our careers—is from Frederick Herzberg, who asserts that the powerful motivator in our lives isn’t money; it’s the opportunity to learn, grow in responsibilities, contribute to others, and be recognized for achievements. I tell the students about a vision of sorts I had while I was running the company I founded before becoming an academic. In my mind’s eye I saw one of my managers leave for work one morning with a relatively strong level of self-esteem. Then I pictured her driving home to her family 10 hours later, feeling unappreciated, frustrated, underutilized, and demeaned. I imagined how profoundly her lowered self-esteem affected the way she interacted with her children. The vision in my mind then fast-forwarded to another day, when she drove home with greater self-esteem—feeling that she had learned a lot, been recognized for achieving valuable things, and played a significant role in the success of some important initiatives. I then imagined how positively that affected her as a spouse and a parent. My conclusion: Management is the most noble of professions if it’s practiced well. No other occupation offers as many ways to help others learn and grow, take responsibility and be recognized for achievement, and contribute to the success of a team. More and more MBA students come to school thinking that a career in business means buying, selling, and investing in companies. That’s unfortunate. Doing deals doesn’t yield the deep rewards that come from building up people.
One of the theories that gives great insight on the first question—how to be sure we find happiness in our careers—is from Frederick Herzberg, who asserts that the powerful motivator in our lives isn’t money; it’s the opportunity to learn, grow in responsibilities, contribute to others, and be recognized for achievements. I tell the students about a vision of sorts I had while I was running the company I founded before becoming an academic. In my mind’s eye I saw one of my managers leave for work one morning with a relatively strong level of self-esteem. Then I pictured her driving home to her family 10 hours later, feeling unappreciated, frustrated, underutilized, and demeaned. I imagined how profoundly her lowered self-esteem affected the way she interacted with her children. The vision in my mind then fast-forwarded to another day, when she drove home with greater self-esteem—feeling that she had learned a lot, been recognized for achieving valuable things, and played a significant role in the success of some important initiatives. I then imagined how positively that affected her as a spouse and a parent. My conclusion: Management is the most noble of professions if it’s practiced well. No other occupation offers as many ways to help others learn and grow, take responsibility and be recognized for achievement, and contribute to the success of a team. More and more MBA students come to school thinking that a career in business means buying, selling, and investing in companies. That’s unfortunate. Doing deals doesn’t yield the deep rewards that come from building up people.
Saturday, December 5, 2015
Wednesday, November 4, 2015
Are Women Less Driven to Seek Workplace Power if They Wield Power at Home?
When “mom’s the boss”: Control over domestic decision making reduces women’s interest in workplace power
Women aged 18–30 expressed less interest in seeking power in the workplace
if they were directed to envision themselves having authority over household
choices such as menus and furniture, rather than to imagine sharing such
decisions equally with a spouse (2.47 versus 2.77, on average, on a 1-to-5 interest scale), according to
a study by Melissa J. Williams of Emory University and Serena Chen of the
University of California, Berkeley. Women seem unaware that they experience
power as a tradeoff — that their enjoyment of household authority undermines
their motivation to seek power in the workplace, the researchers say.
if they were directed to envision themselves having authority over household
choices such as menus and furniture, rather than to imagine sharing such
decisions equally with a spouse (2.47 versus 2.77, on average, on a 1-to-5 interest scale), according to
a study by Melissa J. Williams of Emory University and Serena Chen of the
University of California, Berkeley. Women seem unaware that they experience
power as a tradeoff — that their enjoyment of household authority undermines
their motivation to seek power in the workplace, the researchers say.
Saturday, October 31, 2015
As the Number of Undocumented Workers Increases, Other Workers’ Wages Rise
The wage impact of undocumented workers: Evidence from administrative data - Hotchkiss - 2015 - Southern Economic Journal - Wiley Online Library
October 28, 2015
As the Number of Undocumented Workers Increases, Other Workers’ Wages Rise
Employees get an average wage boost of 0.44% for every 1 percentage point increase in the share of undocumented
workers in their county or industry and a 0.09% wage boost for every 1 percentage point rise in the
fraction of undocumented workers employed by their firm, says a team led by
Julie L. Hotchkiss of Georgia State University. Drawing on data from the U.S.
state of Georgia, the researchers say that an influx of undocumented, low-skill
workers appears to allow firms to reassign other employees to higher-skilled
and higher-paying jobs.
Sunday, October 25, 2015
Germany needs migrants. Do we?
Germany needs migrants. Do we?
A large and growing body of evidence shows that accepting
refugees is often economically savvy. In the U.S., where hostility
toward immigrants is palpable this campaign season (witness the rise of Donald Trump),
the country faces a looming wave of baby boomer retirements, which
younger foreign workers could help offset with taxes, dollars, and
productivity. (For more on the age wave, see “Chart of the day: The first world is aging.”)
Beyond that, immigrants start businesses twice as often as native-born
Americans, they are disproportionately likely to work instead of collect
unemployment, and—contrary to the campaign rhetoric—they aren’t taking
our jobs. A 2014 review that surveyed 27 studies globally on the topic
found that while wages in some situations might suffer and others might
improve, there was no overall depressing effect.
refugees is often economically savvy. In the U.S., where hostility
toward immigrants is palpable this campaign season (witness the rise of Donald Trump),
the country faces a looming wave of baby boomer retirements, which
younger foreign workers could help offset with taxes, dollars, and
productivity. (For more on the age wave, see “Chart of the day: The first world is aging.”)
Beyond that, immigrants start businesses twice as often as native-born
Americans, they are disproportionately likely to work instead of collect
unemployment, and—contrary to the campaign rhetoric—they aren’t taking
our jobs. A 2014 review that surveyed 27 studies globally on the topic
found that while wages in some situations might suffer and others might
improve, there was no overall depressing effect.
What’s more, refugees can deliver even more of an economic
boost than typical immigrants. According to one study, refugees who
arrived in the U.S. between 1975 and 1980 were earning 20% more than
other immigrants by 1990. And they may have additional motivation to
excel, says Council on Foreign Relations senior fellow Ted Alden,
because many feel they’re getting a “second chance on life.”
boost than typical immigrants. According to one study, refugees who
arrived in the U.S. between 1975 and 1980 were earning 20% more than
other immigrants by 1990. And they may have additional motivation to
excel, says Council on Foreign Relations senior fellow Ted Alden,
because many feel they’re getting a “second chance on life.”
Tuesday, October 20, 2015
"The Obstacle Is The Way" by Ryan Holiday
"The Obstacle Is The Way" by Ryan Holiday
Take-Aways
• Stoicism – an operating manual for life – is a pragmatic philosophy that helps people
overcome their difficulties.
• This venerable philosophy inspired George Washington, Thomas Jefferson, Adam
Smith and Frederick the Great, as well as many contemporary leaders.
• Stoicism rests on three primary disciplines: “perception, action and the will.”
• Perception is the way you see the world. Viewing it realistically or with a bias can help
or hinder you.
• The right action is always directed, deliberate, bold and persistent.
• The world can break your body, but thanks to willpower, it can never break your spirit
and mind. You – not some external entity – control your will.
• Obstacles that stand in the way of progress can actually promote progress.
• People improve by facing and meeting challenges head-on.
• The obstacles you overcome provide benefits you could not otherwise realize.
• How you think about and react to obstacles while maintaining your composure
defines you.
Take-Aways
• Stoicism – an operating manual for life – is a pragmatic philosophy that helps people
overcome their difficulties.
• This venerable philosophy inspired George Washington, Thomas Jefferson, Adam
Smith and Frederick the Great, as well as many contemporary leaders.
• Stoicism rests on three primary disciplines: “perception, action and the will.”
• Perception is the way you see the world. Viewing it realistically or with a bias can help
or hinder you.
• The right action is always directed, deliberate, bold and persistent.
• The world can break your body, but thanks to willpower, it can never break your spirit
and mind. You – not some external entity – control your will.
• Obstacles that stand in the way of progress can actually promote progress.
• People improve by facing and meeting challenges head-on.
• The obstacles you overcome provide benefits you could not otherwise realize.
• How you think about and react to obstacles while maintaining your composure
defines you.
Monday, October 12, 2015
Body Fat Makes You a Target of Incivility at Work
PsycNET - Option to Buy
|
|
October 12, 2015
Body Fat Makes
|
Thursday, October 8, 2015
Monday, September 21, 2015
Wednesday, September 2, 2015
Sunday, August 30, 2015
6 Keys to Negotiating with Investors
6 Keys to Negotiating with Investors
| 6 Keys to Negotiating With Investors |
There is no magic recipe for successful negotiations with potential investors, says Enrique Quemada (YPO Madrid), president of ONEtoONE Corporate Finance Group, but six key points will help you negotiate like an expert to get closer to your goals. 1. Understand what you really want. Goals give you direction, but clear expectations will give you the strength to negotiate because you will have convinced yourself that you deserve it. As former United States President Lyndon Johnson said, "what convinces is conviction." 2. Failure to prepare yourself equals preparing yourself for failure. Preparation is 99 percent of success. Many negotiations fail due to the lack of preparation. It is essential that you discover during the process what the investment opportunity represents for the buyer. What are their economic motives? Why do they need your company? What do they intend to do with it? How much do they expect to gain? 3. Reach an agreement with the best alternative possible. A good agreement requires having a good BATNA (best alternative to negotiated agreement). If you lack alternatives, you lack bargaining power. The buyer will exploit this to obtain concessions from you. 4. Create the optimal conditions for a good negotiation before meeting with the other party at the negotiating table. Make sure the right people are in the room, with the correct expectations, at the most favorable moment for you, and that you have the best alternatives when there is no agreement. Keep an eye on the people involved and their personal interests. Determine who on the other side values the operation most, and get that person to participate actively in the negotiations. 5. Have a sincere interest in the objectives of the other party. This will assure that they also care about your objectives, and create the best mutually beneficial solution. Remember that by creating empathy you create a favorable climate for “grow the pie” thinking. Be tough on your demands but affectionate with the other party. Negotiating is a game of information, and information gives you power. You must seek to understand their needs rather than their wants. 6. Power is a relative concept. Remember that in a negotiation 50 percent is emotion. Check the real power of the other party; usually it is overestimated. Perceptions are crucial in negotiations, and it is essential to understand them well. Situational power is based on perceptions, not facts. Therefore, be aware of the signs you transmit. Remember that in a negotiation that affects you, if you are not at the negotiating table, you are probably on the menu. |
Saturday, August 29, 2015
Thursday, August 20, 2015
Even Among Preschoolers, the Wealthy Are Less Willing to Give
Roots and Benefits of Costly Giving
 |
Even Among Preschoolers, the Wealthy Are Less Willing to Give
|
Sunday, August 2, 2015
How Piketty Misses the Point | Cato Institute
How Piketty Misses the Point | Cato Institute
"That people still sometimes die in hospitals does not mean that medicine
is to be replaced by witch doctors, so long as death rates are falling
and so long as the death rate would not fall under the care of the witch
doctors."
"That people still sometimes die in hospitals does not mean that medicine
is to be replaced by witch doctors, so long as death rates are falling
and so long as the death rate would not fall under the care of the witch
doctors."
Sunday, July 26, 2015
Friday, July 10, 2015
Wednesday, July 8, 2015
Cynicism Is Bad for Your Income
PsycNET - Display Record
Cynicism Is Bad
Cynicism Is Bad
for Your Income
Data
on thousands of Germans shows that monthly income for the least-cynical people
rose an estimated €240, on average, over the
course of nine years, whereas the most-cynical people experienced no
significant income increase, say Olga Stavrova and Daniel Ehlebracht of the
University of Cologne. The findings support the view that cynical individuals
are more likely than their more-trusting counterparts to avoid cooperation out
of a fear of exploitation and are thus less likely to reap the benefits of
mutual help, the researchers say.
on thousands of Germans shows that monthly income for the least-cynical people
rose an estimated €240, on average, over the
course of nine years, whereas the most-cynical people experienced no
significant income increase, say Olga Stavrova and Daniel Ehlebracht of the
University of Cologne. The findings support the view that cynical individuals
are more likely than their more-trusting counterparts to avoid cooperation out
of a fear of exploitation and are thus less likely to reap the benefits of
mutual help, the researchers say.
Subscribe to:
Posts (Atom)