Re-Energise these Holidays

Everyone has a different idea about their ”ideal” or “dream” holiday.

It might be relaxing with a book at the beach, playing with the kids, visiting some remote places, catching up on sleep or re-connecting with friends and family.

This time of the year is a wonderful opportunity to take some time off our busy schedules and re-charge our batteries.

And while you are relaxing or having some serious fun make sure you really re-energise yourself.

One thing, which is even more important than New Year Resolutions and carefully thought out plans is to start the new year with the “Best You”, which is basically the very simple “Being Healthy and Happy“.

I do believe that in order to realise any other goals and dreams you may have you need to have a sound body and a sound spirit.

Use the down-time to introduce and establish some healthy routines, which will turn into healthy habits. Here’s how… [...]

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Exercise Executive Stretch

Business Dynamics, represented by Denitza Genova and 26 other South Australian employers spent 3 days (27-29 October 2011) at the RAAF Base Edinburgh participating in Exercise Executive Stretch (EES).

This is a regular annual event, which demonstrates the benefits of Reserve service to employers and provides them with an opportunity to experience life as a Reservist.

During the Exercise, we were physically and mentally stretched (though to a much lesser degree that a Reservist would be) and enjoyed a range of educational, physical and social experiences.

This was a very intensive programme, extremely well organised by the Defence Reserves Support and was a showcase of brilliant implementation of sound management tactics and operations – project management, risk management, team building, training and development, motivation, creating a challenging but enjoyable environment. [...]

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How to Boost Productivity and save the Australian Economy $109bn

Ernst & Young’s first of its kind Survey of Australian Productivity (the Ernst & Young Australian Productivity PulseTM) measured Australian worker’s productivity and opinions about the biggest barriers to productivity and how to improve it.

2,500 workers were surveyed across different industries, regions and organisational levels.

The key findings of the survey reveal the Productivity Levels of a worker’s average day and the 4 Major Drivers of organisational productivity.

Individual Productivity Levels

In an average day people spent:

  • only 58% on work that directly adds “real value”
  • 18% on work that wasted time and effort
  • 12% on networking with colleagues
  • 9% on other activities that added value
  • 3% on activities that added to personal development

Given the annual wage bill in Australia is approximately $606 billion, total organisational productivity wastage could be valued at as high as $109 billion. [...]

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Manage Better by Making Great Decisions Fast

The trained business manager makes better business decisions more quickly! Better management decisions
“A man’s judgment is best when he can forget himself and any reputation he may have acquired and can concentrate wholly on making the right decisions.” Raymond Ames Spruance (1886 – 1969), United States Navy Admiral in World War II.

Making great decisions faster improves business performance and businesses management, here’s how:

  1. Managers need to think faster
  2. Managers thinking needs to be organised

If you want to accelerate your business and your management decision-making now click on the image (video).Integrated Diploma of Management

The Science behind Decision Making

There has been a lot of talk about the importance of Emotional Intelligence (EQ) and Intellectual Intelligence (IQ) at work (and in life)with the emphasis on EQ particularly for management and leadership positions.

One way to look at how these relate is to understand how our brain makes decisions. (in simple terms).

Our brain has two parts responsible for our emotions and logic.

The amygdala is the emotional part of the brain, the cortex is the rational.

However the amygdala has 10 times more neurons going to the cortex than it receives. So while the amygdala can send a lot of messages to the cortex, the cortex can’t do much in return.

Information reaches our emotional brain faster than the cortex. Therefore we are hardwired to react emotionally to people and situations (this is heightened in people with emotional issues).

What does this have to do with management? [...]

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Management Reality Check – Challenging the Truths and Rewriting the Rules

If just ONE more well-intentioned, but irritating CEO says to me that, “People are our most valuable asset” or one more HR Alan presenting at AmChamManager patronisingly says, “There’s no “I” in team” or, even worse, one more CFO says, “We are committed to transparency in the way we do business”, then I may have to resort to violence!

I’m not sure which came first – the “Rules” or the “clichés”, but I’m pretty sure that the best way forward is to bust some of those restricting and unnecessary rules.

In business there should be no sacred cows, no no-go areas and certainly no, “we’ve always done it this way” mentality – and yes those attitudes ARE still alive and kicking in 2011!

Let’s look at those we should keep and cherish and let’s boot out those that have NO place in our organisations – and let’s start with one of everyone’s favourites – “Employees are our most valuable asset”

The first and most obvious problem here is that, generally speaking, assets are things you own and you certainly don’t own employees. And don’t think that Contracts of Employment, Awards or any of that contractual obligation stuff actually helps with the “owning” thing! ALL employees are really sub-contractors that provide their services for a fee. Only for you it’s called a salary.

Now anyone who has managed for more than a day knows that some employees are better described as “liabilities”, rather than assets – but I believe that if we assumed that they’re are ALL liabilities, it would help us, as Managers, to look at how to get the best ROI.

So the first thing we need to do is to re-assess the real (as opposed to perceived) value of our employees and make the best decisions concerning them as if they were financial assets.

It was also interesting to note how quickly these “most valuable assets” were disposed of in the recent GFC…

Another favourite of ours is the “Work / Life Balance” – you know that perennial myth that we’ve all been chasing since we were old enough to realise that it might be an issue. Way too many issues to go into there in any detail, but here’s a few to get you thinking…

a)  Surely it’s in the wrong order? Surely it’s supposed to be a Life / Work balance, isn’t it?

b) The myth assumes, incorrectly in our view, that these are two separate entities. That work and life exist as independent bodies of time and experiences and that separation by “balance” is either desirable or necessary. But it is inevitable that there is a huge overlap between the two and that is not necessarily a bad thing.

c) The main issue here is that all the focus seems to be on either prioritising while you are at work and then doing the same, but less formally, while you at home. If however we actually sat down and prioritised our LIFE, including work AND home/family to fit our value system, then the balancing act would be superfluous and the guilt that we’re supposed to feel if we choose to work 60 hours per week would disappear.

d)  If I was being cynical, (as if!) I might argue that the term “workaholic” could be used to describe someone who uses their job to get some well-deserved time away from their loved ones…

e)  But, to be fair, not many people on their death-bed are heard to say, “Gee, I wish I’d spent more time at the office!”

OK, last one for now – “The More You Do, the Less Gets Done!”

This one is a particularly common issue with our clients and we think that it’s because the desired and, to a certain extent, esteemed “spirit of mateship” that exists in Australia actually gets in the way of good leadership. We seem to really struggle with the Mate vs. Manager or Boss vs. Buddy problem, to the point where it’s easier to do the job yourself and thus avoid the hard conversations that we really should be having.

If you can step back and then up and take the “balcony” view, rather than being on the stage, this will certainly help you to avoid some of the potential battles. (I’ve never liked the “helicopter view” and if you’ve ever been in one, you’ll know exactly why I don’t like it!)

And another thing that will particularly help the technician who’s been promoted to Supervisor / Manager – it is important to be mediocre in order to be brilliant! “What?” I hear you cry…let me explain. As a technician you probably excelled. But as a Manager you need to excel at Managing and it’s virtually impossible to do both. You may want to continue to excel at the technical stuff, but you sure don’t need to. You need to focus on the Managing and let everyone you work with deal with the technical issues. I know, I know…it’s hard because that was your comfort zone – but there’s a technical phrase for this – it’s called “Growing up!”

So just a few of the things that we need to do on a regular basis in order for the Management Realty Check to work! None of them are easy, but hey, whoever told you that life as a Manager was easy, was lying to you!

Enjoy!!!

Alan Slater

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Saying No…

“It’s sad, so sad
It’s a sad, sad situation
And it’s getting more and more absurd
It’s sad, so sad
Why can’t we talk it over
Oh it seems to me
That sorry seems to be the hardest word”

According to Elton John, “Sorry” seems to be the hardest word. But there’s a word that’s only 40% of the length of sorry and, I believe, is infinitely harder to say.

That word is, “No”. [...]

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Steve Wozniak: The Profile of The Inspirational Leader

I, perhaps like most of you, have always associated Apple Computers with the other Steve, Steve Jobs. The one who is always interviewed, who is behind all deals, who gets most of Apple’s publicity.

So I didn’t know what to expect when Steve Wozniak took the stage. I did expect him to read his presentation, since, pardon the stereotype, a lot of engineers like Steve feel uncomfortable presenting without “security blankets”.

But it wasn’t the case with Steve. He didn’t read his speech, and he didn’t have sensational facts and stories to tell us.

He just told his story and the story of Apple Computers, and in doing so he captured the undivided attention of every single person in the hall for a whole hour.

Such is the power of Story Telling, it is not just for kids, it is for adults in business suits as well. And this skill is priceless. But I will get back to it later.

For now I just want to present the profile of the Inspirational Leader, from the way I saw and heard Steve Wozniak. [...]

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The Productivity Slump

Key note from Saul Eslake, a leading Australian Economist and Director of the Productivity Growth ProgrammeSaul Eslake

(summary, comments and interpretation by Denitza Genova)

Productivity growth has been in decline since 2000 (still growing but at declining rate of 1% compared to 3.5% in the previous decade).

Reasons:

  • Decline in population growth and levels of labour force participation; increase in labour costs and smaller pool of capable workforce
  • Capacity constraints and shortages of skilled labour  plus infrastructure bottlenecks have caused an increase of down-time
  • The increase of corporate profitability has led to diminished importance of the need to continuously improve performance;

This has changed in the last 2 years with businesses on harder times and refocusing on increasing efficiency (via lean manufacturing programmes, process reengineering, reducing waste, service blueprinting for example.) [...]

Posted in Economy | 2 Comments

Australia…still the lucky country

This was a fascinating debate with some big names round the table.

We weren’t able to capture all of it for you, but here are some of the highlights:

On the heated carbon tax debate:

One radical opinion in support of government intervention to reduce carbon emissions was that of Goran Roos, “Thinker in Residence” in SA who gave the example of Sweden, where the Government have been imposing strict regulations on all companies who didn’t innovate their practices to become carbon efficient.

As a result Sweden, as a country, is very close to becoming carbon-neutral, which is very impressive!

Our take on the issue of carbon dioxide reduction, business and politics: [...]

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Understanding Entrepreneurs

Malcolm Gladwell: Understanding Entrepreneurs

Why do some ideas or behaviours take off and spread successfully – and others don’t? The best messages and ideas behave like viruses, and understanding the laws of epidemics can shed new insight in how to rise above the clamour of voices trying to reach consumers.

Named one of Time Magazine’s 100 Most Influential People, Malcolm Gladwell has been a staff writer with The New Yorker magazine since 1996 and has an incomparable gift for interpreting new ideas in the social sciences and making them understandable, practical and valuable to business.” Extract from the business congress website

Key Points from Malcolm’s Presentation:

  • The key characteristics of successful entrepreneurs include intelligence, courage and having no fear of social exclusion
  • Successful Entrepreneurs have a Bi-Modal attitude to Risk, which is often misunderstood. [...]
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