In a world where the term “big data” is being thrown around like the next coming, many business leaders still struggle to understand how more information is going to help them make better decisions that drive their businesses forward.
But the real challenge goes well beyond merely accessing more data. The key is accessing data in the right way, at the right time, and in the right format to generate beneficial insights.
Internal improvement is a constant and often invisible process. There is no silver bullet and you can’t solve every problem overnight. It is a long slog and you have to balance short-term ‘putting out fires’ with long-term process improvement that will (hopefully) make life easier and set you up for future success.
A CEO’s departure is like a captain leaving his ship. A smooth, amicable transition lets the company weather the storm; anything less destroys the boat.
“With the CEO gone, who will steadfastly guide us through choppy waters?” employees wonder. Will the fresh CEO be an adept navigator, adjudicator, and leader? Those closest to the outgoing leader might even jump ship with her, meaning new crew will have to be hired, too.
With proper planning, even the snowiest of CEO storms won’t knock the craft off course.
Most organizations still regard Millennials as somehow different than their Gen X or Boomer co-workers, but do these assumed differences really hold any weight in the workplace? Or are these stereotypes merely a byproduct of a business environment that looks starkly different than it did 20 years ago?
A surprising study from IBM sheds some light on the truth: Millennials, Gen X, and Boomers all share very similar opinions of the workplace.
It’s no secret that infrastructure in the United States is in disrepair. One recent study found about 60,000 U.S. bridges are structurally deficient, and that’s just the tip of the iceberg. It seems like everywhere we look, things are falling down around us.
These issues will only become more pressing as populations grow. According to UNICEF, about 70 percent of the world’s population will be living in cities by 2050. That urban growth means our need for dependable, efficient infrastructure is also on the rise.
There is an average of 12 job-related fatalities every day in the U.S., according to the Occupational Safety and Health Administration (OSHA). 893 incidents are listed on their website so far in 2016 alone, each involving a serious injury or fatality to one or more employees.
If you spend every workday sitting in front of your computer with the occasional walk to the break room to top off your coffee, safety likely is not top of mind. Yet, for millions of workers across the globe, their jobs can put them in some extremely high-risk environments where valuing safety can mean the difference between life and death.
I saw the impact of unethical behavior firsthand when I grew up in Moscow during the late 80’s and early 90’s. As a result of the establishment of the Russian Federation, private businesses were created. And during the transition, economic inequality, increased corruption, scandals, and bribery became the new norm.
I moved to the U.S. in 2006 for my own freedom and an opportunity to have more than two pairs of jeans in my wardrobe, and I immediately recognized differences both in geography and culture.
Imagine coming out of a meeting and thinking about how honestly people shared their opinions, how disagreements were met with understanding, and how you took a few tough nuggets and differing perspectives and heard everyone. What was happening was real dialogue — the kind of conversation where raw opinions can be out there and no one is judging anyone.
I can already hear you: “Not in my organization,” you say. Not in the kind of hyper-structured/way-too-polite/distrustful kind of place I work.
You have a million things to consider when investing your startup’s money. Developing your product is just the beginning. Then come the marketing, sales, and accounting considerations. But throughout all this, you can’t overlook the single most important financial consideration: your team. Your employees, after all, become part of what you sell.
In 2011, Wells Fargo was forced to pay $85 million in fines for selling higher interest rate mortgages to customers who should have qualified for lower rates, and falsifying loan applications in the process.
Not five years later, Well Fargo finds itself faced with a strikingly similar scandal. Last Thursday the bank announced that it reached an agreement with the Consumer Financial Protection Bureau (CFPB) to the tune of $185 million in fines for opening deposit accounts and transferring funds without customers’ consent. This settlement started a landslide of commentary, calls for deeper investigations, increased regulation of the banking industry and questions around how such unethical behavior might become the norm of acceptable behavior across an entire organization.