Time to update your management techniques
Management practices are evolving. Check out this provocative article from Inc. and ask yourself if you need to update the way you manage people.
Here’s my list of “old school” practices you ought to chuck, and “new school” practices to champion instead:
1. Out: Micro-management, or the need to control every aspect of your company. In: Empowerment, the ability to give your people some rope–even rope to make mistakes without blame.
2. Out: Management by walking around the office; it is no longer enough to be visible. In: Leadership by watching and listening, engaging in conversation, implementing the ideas presented to you, and distributing the results.
3. Out: Pretending you know everything. You don’t have all the answers, so why try to make people think you do? In: Knowing your leadership team members and trusting them. Choose great people who have the right skills and fit the culture. And get out of the way.
4. Out: No mistakes, or a “no tolerance policy” some still think works. In: Learning from mistakes, or being the first to admit an error.
5. Out: The balance sheet drives the business, and informs all other decisions. In: People drive the business, boosting customer loyalty, and profit.
Check out the rest of the article for the remaining 5 items. I think this is a great list that will make you more effective with your team and also help you relate better to today’s employees.
Posted in: Your Business, Your Team, Your Workplace
Tags: dealing with mistakes in workplace, empower your employees, Empowerment, Learning from mistakes, management, management techniques, managing people, Micro-management, workplace mistakes
Solid job growth continues
The economy continues its slow and steady recovery. Job growth was solid but not spectacular again last month, which has some political implications as well.
The last remaining political land mine embedded in Barack Obama’s path to reelection has failed to detonate.
With time fast running out, the Bureau of Labor Statistics this morning released the last monthly jobs report we’ll see in this election. The news was unexpectedly decent: 171,000 nonfarm jobs added in October, and unemployment essentially unchanged at 7.9 percent.
What’s more, the August numbers were revised upwards from 142,000 to 192,000, and the September numbers were boosted from 114,000 to 148,000. This suggests the possibility that something was stirring in the economy that we hadn’t picked up, and could help explain why Obama’s small but seemingly durable edge in the electoral college has persisted.
These are solid numbers for President Obama‘s campaign in a super close election as the unemployment rate stayed below 8%. The Mitt Romney campaign will point it that the rate ticked up a tenth of a point.
Posted in: Your Career
Tags: Barack Obama, jobless claims, Mitt Romney, President Obama, presidential campaign, solid job growth, solid job numbers, unemployment, unemployment numbers, unemployment rate, US unemployment, weekly jobless claims
3 Ways the Internet Can Improve Your Career
Today, young professionals can advance their careers better than ever before thanks to the Web. Professionals with HughesNet Internet plans, cable Internet, or any other type of Web connection have access to an online landscape that’s ripe with opportunities for improvement and advancement. The digital age has ushered in a new era where business opportunities aren’t just conducted on the phone or at the office.
If you’re aspiring to get better in your career or in your role as an entrepreneur, take advantage of these 3 major affordances of today’s Internet:
Getting better at your job or learning more about your industry doesn’t have to end with workplace training sessions, tutorials or guides and manuals. With the Internet, you can become an expert in your field without having to leave your couch, and without having to spend a dime. Numerous online resources offer courses in business strategy, technology, design, coding, finance and countless other subject areas related to what your professional specialty.
Check out sites like Udemy.com, Coursera.org, w3schools.com and Udacity.com for free resources that can help you become better in your role. Not only will you be able to apply your knowledge to your job and improve your work, but your team leader will probably notice, too.
In today’s professional landscape, it’s important that you differentiate yourself from the thousands of other people who do what you do. It could mean the difference in you getting that next big promotion or position at a prominent firm. Social media and blogging offer opportunities to engage in personal branding and to establish your presence online and become recognized as a leading authority and expert in your field. It takes time and considerable effort, but you’ll find that your own brand equity makes you a more valuable part of the workforce.
Last but not least, the Web 2.0 landscape offers more networking opportunities than were available 15 years ago. Not only do personal branding, social media and blogging play a prominent role in how professionals reach and interact with one another, but large-scale professional networking sites like LinkedIn offer legitimate opportunities to connect with others in your field. If you’re not using the Internet for networking purposes, start today so you can take advantage of all possible opportunities.
How will you go about online professional development, personal branding and network in the future?