Showing posts with the label development

Should We Expect Greater Innovation in the Future?

Will we see higher levels of innovation and skill development in the future ? When entrepreneurship creates new products , it forces human capital upward as companies adapt this technology to create competitive advantages . Today 's employment market is filling vacancies quickly and may soon begin to innovate again to find greater competitive strengths . Spurts of technological advancement are followed by greater demands for market skills that raise human capital formation (Gomes, 2011). As companies adapt to new technology , they will seek to hire and train employees to use this technology. Employment expectation will adjust education and schooling to meet new job needs . As the labor market moves closer to maximum employment capacity the cost of wages rises and pushes companies to adjust their strategies to focus on new competitive strengths. Technological advancement and integration is

How to Bounce Your Business Off the Bottom

Businesses can decline over the years until they no longer have enough working capital to maintain their current course of action . Without drastic change , the business will either be sold or liquidated in bankruptcy court . Change requires a new way of thinking about things , taking risks and making better strategic choices that lead to higher outcomes . Organizations operate on processes & procedures . The culture of an organization will determine its overall communication and work patterns . When processes & procedures and culture are aligned to market needs it becomes more likely that the business will be able to pull out of its current predicament . Consider a company that produces a single product that once brought in a lot of money but over the years alternative products have been developed by competitors that are eating away at a shrinking market . Continuing to do the same thing

The Necessity of Change-Using Kotter’s Change Model

Organizations that fail to change, eventually fail to exist. Threats to longevity can come from any source that ranges from market preferences to enacted legislation. Organizations must continue to adapt to changes and threats to be fruitful and thwart failure. Kotter’s Transformational Change Model helps formulate how change occurs and ensure that the change becomes embedded. Kotter’s Change Model has eight different stages that move the company through the process of change and into the solidification of change. The steps required to avoid stagnation include increasing urgency, building guiding teams, developing a vision, communicating, enabling action, develop short-term wins, continue pressure/urgency, and making the changes stay (Tanguay, Waltman& Defebaugh, 2011). The model seems to create a buzz in the workplace, sets social standards, creates small steps to enact and solidify the change. Staying power requires adjusting the metrics and performance needs of the organizat

The Power of Perceiving - The Secret of Entrepreneurship

Perception is a powerful way to create opportunities . It is so powerful that it can change lives and spark opportunities in abundance . Entrepreneurship is about perceiving differences and then capitalizing on those differences through applicable market solutions . Perception is created by years of hard work that culminates into a moment of clarity and innovative inspiration . Entrepreneurial insight is derived from connecting lots of information together in a way that creates new products or services . This development relies on experience with the product , exploring uses of the product , and finding ways to improve the product . When education , experience , motivation come together , a new perception is created that leads to innovation . Perception is not a passive process and requires the full engagement of the individual . Finding innovative market solutions relies on gathering and interpretin

Considering Culture in Your Strategic Road Map

A strategy is a roadmap that guides organizations to higher levels of performance that encourages productive growth. Executives can develop excellent business strategies that take into consideration market projection, resource allocation, human capital, and financial streams. To their own detriment, many CEOs do not factor in organizational culture into their strategies and how it impacts organizational goal attainment. Culture should support business strategy (Eaton & Kilby, 2015). The values and semantics contained within culture should enhance business strategy through proper orientation of people's expectations. If there are contrary elements within a culture, the values should be adjusted to ensure they realign to meet organizational needs. Consider an example of how culture can support or detract from organizational objectives. Two companies seek to become market leaders, but one company promotes employees based on patronage and the other from performance. These val

Call for Papers: Forum for Interdisciplinary Dialogue: Ethics and Development

Date: 10th to 11th April 2015 Location: Charlottesville, VA, United States of America Organized by: Jefferson Scholars Foundation Deadline for abstracts/proposals: 30th November 2014 Website:   The Jefferson Scholars Foundation and the Jefferson Society of Fellows at the University of Virginia present the fourth biannual Forum for Interdisciplinary Dialogue (FID) to be held on 22-23 September 2015 at the Jefferson Scholars Foundation Hall in Charlottesville, Virginia. The FID is an interdisciplinary conference for students, faculty, and community members from around the world. The theme for 2015 is Ethics and Development

The Footprints to a Solid Career

Rome wasn't built in a day and neither will your career. Successful careers take a consider amount of effort and time to develop and may not always end the same way you planned when you started. As the market changes and adjusts it is beneficial to roll with the changes and seek out opportunities to learn and develop. At various stages of your life you will be in different career positions that can contribute to your professional development. Young graduates often assume they are going to conquer the world solely through elbow grease. This enthusiasm manifests itself in excitement, motivation, and participation. Even though the pay is not high the new job offers a level of independence, a new apartment, a car, and lots of other goodies that were previously out of reach. Eventually that enthusiasm will wane as they become accustomed to their new money and find out that what they earn is not nearly to feed a family and still live a comfortable lifestyle. They may start to move