Thursday, June 30, 2016

Managing Workplace Conflict

Workplace conflict is bound to happen any time there is a difference in resources and personality. People are seeking greater levels of authority and access to resources but must come to the inevitable truth that there isn't enough to go around. Personalities can create a toxic work environment cause conflict to brew. Conflict can brew in the workplace anytime and it is important to know how to handle it.

Conflict often revolves around resource allocation. When resources are provided to one person over another, or people are arguing over who should receive those resources, there is bound to be angst. People will seek to create the greatest advantages for themselves and then push for their own thoughts and ideas.

Personalities also have a huge influence on conflict. People regularly try and dominate each other and throw their personal problems onto others within the workplace. Those who have high emotional intelligence might find themselves getting into less entanglements than others.

Managing conflict is helpful when we understand how resources work and how personalities impact others. Using appropriate methodology and strategy to allocate resources is important for transparency. When possible, decisions should be business related and justifiable so that all parties can trust these decisions.

Personality conflicts can be a little more difficult to work with. This will require people to share their cognitive models and come to a mutual agreement. When this is not possible on its own, a person with higher authority can state appropriate behaviors and then hold people accountable. In worse case scenarios a contract of interaction can be signed by involved parties.

Traits of Adaptable Leaders

Leaders ability to adapt to new businesses and situations is an important trait that helps bridge the gaps from one situation to the next. Adaptable leaders can change their thinking and styles that best fit the type of crisis they are facing. As circumstances unfold the style of the leader should also unfold to secure the best possible outcomes.

Changing Thinking: Thinking must adjust to solve problems. Leaders should be able to change how they formulate their opinions and the vantage points they use to understand their problem. Creativity will help them be flexible.

Changing Styles: Different situations require different ways of solving problems. People respond to styles depending on their personality and the circumstances in which they exist. For example, a crisis situation will require more command styles while innovation will require more collaborative styles.

Changing of Environments: As the environment changes the leader will also need to change. He/she will need to adjust their way of being and continue to learn to adapt to new circumstances. As the leaders continues to adapt they get stronger and more effective.

The Benefits of Exploring Nature for Health & Hobby

Nature holds many possibilities for our lives that we only need to explore and understand to truly reap the benefits awarded to us. As a person who enjoys photography as a hobby I can say that nature offers multiple advantages that include fitness, relaxation, and artistic expression. Any working professional should consider the multiple benefits of balancing out their lives by finding helpful recreation and appropriate outlets beyond the office. 

A couple of times a week ranging from 30-90 minutes on each excursion raises your health level and meets the minimum requirements of fitness. In addition, nature has a way of helping us reflect on life, calm our minds, and feel a greater connection to the world around us. Within 15 minutes you will start to feel relaxed. 

Of course you can also take your hobbies to the next level by engaging in artistic expression that helps to further tone your skills. In nature there are many things to take pictures of that include wildlife and natural landscape. The best way to et pictures is to get out there and walk around. The more you do...the more you will enjoy the experience and learn about your topics.







Wednesday, June 29, 2016

Consumers Dip into Savings to Fuel Economic Increase in Second Quarter

Consumer spending has risen over the past few months and is expected to expand the economy by 3% during the second quarter. Wages haven't risen very fast to cover recent increases in spending making it necessary that consumers dip into their savings. The heightened retail shopping can be seen as a sign of consumer confidence.

Consumer spending accounts for 70% of the U.S. economy. A few percentage points either way can make a big difference in economic output. Of course this money must come from somewhere so it is earned, borrowed, or taken out of their savings account.

Without rising wages there is a long-term dilemma. Eventually credit bubbles emerge and saving dry up making the economy less resilient than when wages are rising and savings are growing. While I am not necessarily a fan of artificially raising wages I am a fan of ensuring that market forces that would naturally raise wages be unencumbered.

 The second quarter looks great because consumers are frequenting stores. They are willing to open their checkbooks and make purchases. As each consumer evaluates the value of the dollar spent they don't feel they will have financial problems in the future. With any luck we will soften the Britex slump by speeding up some economic activities to feed into current momentum.

Understanding the Undercurrents of Your Organization

Every organization has a formal and informal structure of which the later might be more important. The structure culture is codified in the rules, regulations, procedures, and official position of the organization. The informal structure is based on the way information flows and moves throughout the organization regardless of formal position and procedures.

Consider a person with formal power who has some control over resource and decision making outcomes. This position, and the list of duties that go with it, are written into a job description and then part of the formal structure that helps the company complete its daily task. The organizational chart highlights each of these positions and their importance.

The informal structure may be more important than the formal structure. These are the "movers and shakers" of the organization that help ensure that things get done. They may have formal power within the organization but don't rely heavily on that formal power. They are often persuasive, charismatic and driven.

To truly understand any organization it is best to understand the undercurrents that are moving throughout it. Understand where the information flows, how decisions are made, and where people associate. The opinion makers and decision makers are often different than the one's listed on the organizational chart.