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Showing posts from January, 2016

Report Shows Americans Need Help Avoiding Financial Ruin

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Fancy cars and designer clothing make us look great but hide a deeper problem of little personal savings and poor fiscal management habits. We think everyone is doing better than us, but according to a Bankrate.com study, 63% percent of Americans haven't set aside even $1,000 to cover emergencies. To avoid future financial ruin and get on the right fiscal track you should consider a budget overhaul based on your needs. We as Americans can be too focused on how we look today without balancing out the needs of tomorrow. A chart by the Organization for Economic Co-operation and Development shows that the average household savings rate is 4% which is lower than other many other countries. Making changes can help you overcome problems and begin to save money while living a more genuine life. Risks of Low Emergency Savings If you are drowning in bills and debt, you might consider adjusting your habits to encourage higher levels of savings. You never know when an emergency occurs

How Emotions Enhance Leadership Skill

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All great achievements in society start with a conversation. As ideas spread they take on a life of their own. Leaders put themselves at the center of these conversations by influencing the direction of discussion. National, local, business, personal and just about every other type of leader share similar traits. Those who can define events and use emotion to encourage greater action carry the unique traits of great leaders. Effective communication is intertwined with the ability to motivate people through the use of emotions. Positive and negative emotional communication styles influence how followers feel (Bono & Ilies, 2006). Leaders ability to influence the mood of a crowd can motivate them to act in ways that leads to successfully overcoming challenges. The Leader can help followers understand and frame ideas in a way that can contribute to better future group performance. Events are socially constructed based on the explanations that are brought forward and don'

CEO Traits Influence Short and Long-Term Company Performance

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Successful CEO's have some common traits that help them improve the organizations they lead. CEOs are subject to their stable personality traits influence how they see the world and overcome challenges. Strategic actions are based in CEO personality and impacts the financial performance of the firm. Knowing which traits to look for can have an impact on the long-term performance of the firm. It wasn't long ago that gruff, emotionally unattached and perceptually powerful CEOs were desirable. They demanded short-term results which could be seen immediately in stock price their benchmarks which leads to increasing compensation. Lifespan at any particular organization was between two and four years leaving the long-term consequences for the next leader to handle. Research supports the idea that the CEO's personality influences a firm's financial performance and its longevity. A study conducted at Stanford University discovered that CEO's personality impacted culture

How Going Zen Increases Your Workplace Communication Skills

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Communication is as much about how we feel as it is about how we think. Thinking and feeling are connected in a way where one impacts the other. If you having a tough day and someone comes to you with a problem then you are likely to make a snappy response. This reflects on you within the workplace and can impact your perception. Taking a few minutes to get perspective and relax can help you get the emotional balance you need to achieve your goals. When someone comes with a problem take a moment and relax before acting. This will help to ensure that your responses are well thought out and appropriate. This means getting a little zen in your life. Take time to relax, think about what is important to you and learn to respond to problems appropriately. This requires the ability to not let stress cause an overreaction or an inappropriate response. Get grounded so you are working from a place of "you". You may need to make some changes so that you feel that you are fulfill