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Management Tips Daily. Sent by Harvard Business Review . Collected and collated here. Subject wise tags are added. Topic wise. #hbr #harvard HBR Management Tips. Daily Management Tips from Harvard Business Review. Management. Leadership . Communication . Empathy . Business Networking . Process Interventions. Business Strategy . Business Ethics. Career Management . Change Management . Consumer Behavior , Sales & Marketing . Working from Home. Remote working . Diversity. Gender issues.
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MAY 11, 2011
A ' corrupt ' statistic or emperical research finding !
In " Very Corrupt Countries," Corrupt Practices Boost Growth !
Observed fact :
In " deeply corrupt countries" such as Congo, incidences of corrupt practices actually enhance economic growth, perhaps by helping companies sidestep onerous rules, says Mushfiq Swaleheen of Florida Gulf Coast University.
But that's only at the extreme; for a country with average endemic corruption, a one-standard-deviation increase in corrupt incidences depresses per-capita GDP growth by 0.12 percentage points, he has found.
Source: Economic growth with endogenous corruption: an empirical study
| MAY 05, 2011 Thu |
| Extra Grooming Hurts Women, Helps Some Men |
| For women, an increase in personal grooming time is associated with lower earnings; for example, if a nonminority woman doubles her daily grooming from 45 minutes to 90 minutes, her earnings drop an average of 3.4%, say Jayoti Das and Stephen B. De Loach of Elon University. Men differ significantly by race: Grooming has no effect on nonminority men's earnings, but for minority men, a doubling of daily grooming from 40 minutes to 80 minutes yields a nearly 4% increase in average earnings. The researchers say grooming signals social identity, and while it has adverse consequences for highly groomed women, it may counter negative stereotypes of minority men. |
| Source: Mirror, mirror on the wall: The effect of time spent grooming on earnings |
Note : This research finding is relevant mostly for Canada & partly for South Africa. Not for India . But this statistic & trend made an interesting study. Hence sharing.
APRIL 21, 2011 Thu
Visible trend out of research : Children Inherit Employers from Parents
Research Finding :
By age 33, about 40% of men have worked at some point for companies that employed their fathers — a proportion that leaps to nearly 70% for the highest-earning dads, according to a study of Canadian data by Miles Corak of the University of Ottawa and Patrizio Piraino of the University of Cape Town.
Underlying reason ?
Parents, particularly high earners, can influence sons' or daughters' job choices by offering contacts and knowledge of particular employers, the researchers say.
( Methinks : Social Capital works everywhere & yields ROI . Forms of social capital change, from country to coungtry, base on culture )
Source: The intergenerational transmission of employers
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| APRIL 20, 2011 Wed |
| Job Switching Seems Much Harder Now |
| 53.1% of Americans say it wouldn't be at all easy to find new jobs with wages comparable to what they make now, up from 28.8% a decade ago, according to the National Opinion Research Center at the University of Chicago. The proportion saying it would be "very easy" to find a comparable job has declined over that period from 38.3% to 12.6%. |
| Source: Trends in economic assessments and expectations |
| APRIL 21, 2011 Thu | |||
| 3 Ways to Manage Your Weaknesses | |||
Despite what you may be tempted to say in job interviews, you have weaknesses. In real life, it's important to acknowledge the things you aren't good at. Once you've taken that hard look in the mirror, here are three things you can do about what you see:
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2011
| Don't Let Your Job Define You !! ------------------------------------ Getting consumed with work is easy to do, especially when you spend most of your waking hours working. But people who only talk about their jobs are boring and one- dimensional. Here are three ways to detach yourself from work and create a more reasonable balance: 1. Assess how much time you spend at work. You may need to put in long hours at times, but make sure you're doing it for the right reasons. Don't stay late to impress others or because you can't manage your time well. 2. Banish time-hogs. If something or someone is wasting your time, get rid of it. Stop attending unnecessary meetings, limit face-time with your demanding direct report, or stop visiting distracting websites. 3. Treat non-work time as sacred. Protect your time outside of work for your health and sanity. You will only feel refreshed if you truly disconnect and recharge. |
| MARCH 31, 2011 Thu | |||
| 3 Ways to Assess a Candidate's Cultural Fit | |||
Many hiring experts recommend hiring for fit first and skills second. The theory is that you can teach capabilities, but not values. And, organizations need employees who mesh with their core values. Here are three ways to assess whether an applicant will mesh well with yours:
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| MARCH 31, 2011 Thursday | |||
| 3 Ways to Assess a Candidate's Cultural Fit | |||
Many hiring experts recommend hiring for fit first and skills second. The theory is that you can teach capabilities, but not values. And, organizations need employees who mesh with their core values. Here are three ways to assess whether an applicant will mesh well with yours:
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| MARCH 28, 2011 Monday | |||
| Get Your Good People to Stay | |||
Few leaders succeed without great talent supporting them. So retaining your star employees is not only good for the company, but for you as leader. Here are three ways to keep your best people around:
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| 2 Rules for Making Global Meetings Work | |||
With people spread across locations and time zones, global teams can struggle to run effective meetings. Distance isn't an excuse for bad meeting etiquette though. Here are two policies that can make your far-flung team's meeting easier:
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| MARCH 31, 2011 Thu |
| Good Teachers Boost Students' Earnings |
| Over the course of just one year of teaching, a teacher who is at the 60th percentile in effectiveness (better than 60% of others) raises students' lifetime earnings by an average of $5,292 per person, which translates into a present value of $105,830 for a class of 20, says Eric A. Hanusheka of Stanford. Below-average teachers produce corresponding decreases in earnings, so gains will be canceled out if a student gets a bad teacher after having a good one, Hanusheka says. |
| Source: The economic value of higher teacher quality |
| APRIL 05, 2011 Tuesday | |||
| Become a Leader Before Others See You as One | |||
| Healthy organizations reward people who take initiative to lead, not just those with the formal authority to do so. Too many emerging leaders assume they can't make a difference in their current positions and resolve to wait until they're in the corner office to take real action. Experience and legitimacy are helpful, but they are not prerequisites to leadership. Take a look at the informal power you have — gained through your network, your ability to influence, or your passion — and begin using it now to make change in your organization. Patience is a leadership virtue, but sometimes you shouldn't wait for permission to lead. | |||
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| APRIL 26, 2011 Tuesday | |||
| Get Things Done by Deciding When and Where | |||
| Managing your workload with a to-do list can be a productive way to organize your work and keep yourself on task. But don't let your list become a collection of everything you want to do but will never have time for. Make sure each item on your list has a time and place attached. Don't add "write management presentation" without including the day and time slot in which you'll do it. Consider foregoing the list and scheduling items on your calendar instead. You may still want a place to write down things you hope to get to, but be sure that each day you know what you need to accomplish and when. | |||
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| MARCH 30, 2011 Wednesday | |||
| Find the 3 Ingredients to Job Satisfaction | |||
Far too many people toil away in jobs that leave them dissatisfied. To avoid — or remedy — an unhappy job situation, find a position that allows you to do three things:
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APRIL 25, 2011 Monday .
Managerial Communication Tip :
Redundant Communication Pays Off !
The Research & Sample Size :
A study of six companies shows that 21% of managers WITHOUT formal power send redundant messages !
For example, an email message after a face-to-face meeting .
Where as just 12% of managers WITH formal power send a follow up note / email / WhatsApp message, post meeting.
Result :
The " powerless " managers get tasks done faster and with fewer hiccups ! Compared to managers with power or rank.
Possible Reason ?
Managers with formal power appear to assume that employees will follow their requests, with verbal intruction just once .
Research , courtesy : Tsedal Neeley of Harvard Business School and Paul Leonardi of Northwestern University, interviewed for the "Defend Your Research" feature in the May 2011 issue of Harvard Business Review.
Source: Defend Your Research: Effective Managers Say the Same Thing Twice (or More)
| APRIL 25, 2011 Monday | |||
| Don't Let Your Meeting Go to Waste | |||
| Far too many meetings perish from a lack of follow up. What's the use of getting everyone together and discussing important issues if nothing is done afterward? End every meeting by creating an action plan. The plan should include key decisions made, next steps, who is responsible for each step, and due dates. Keep it short — no longer than a page. Send it out to all participants as soon after the meeting as possible so you don't lose momentum. Follow up with people as deadlines approach to be sure they are on track. The more your reputation as an effective meeting facilitator grows, the more likely people will help make your meetings — and the follow ups — a success. | |||
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| APRIL 11, 2011 mon | |||
| 3 Tips for Giving Your New Boss Feedback | |||
Giving your manager feedback can be nerve-racking, especially if you've never done it before. Yet, many strong work relationships are based on openly sharing advice and input. If you have a new boss, or are providing her with feedback for the first time, here are three tips to make it go smoothly:
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| MAY 26, 2011 Thursday | |||
| 3 Must-Dos When Investing in a Friend's Venture | |||
A friend with a great business idea can be a blessing or a curse. Making an investment can yield great things for both sides. But, going into business with a friend can also be tricky territory. Here are three things you should do before you write the check:
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Wed 27 March 2024
Protect Your Boundaries When Your Company Is Struggling
When your company is having a tough time, you might feel compelled to work longer hours in an attempt to help right the ship. But if you're not careful, your valiant efforts could lead to burnout. Here’s how to strike a balance between being loyal to your company and to yourself.
(1) Get specifics before taking on new assignments.
Make sure you understand: What’s the objective? How will success be measured? What exactly will be required of you? How many hours will it take? Once you have a clear understanding of the expectations, then you can confidently decide if it’s a good match.
(2) Graciously decline new roles if your primary responsibilities will suffer.
The key is to focus on why saying no is in the best interests of everyone involved. You might say something like, “If I devote time to marketing at this juncture, it will take away from my ability to focus on revenue generation, which is critical to all of us.”
(3) Find small ways to protect your time—and communicate those boundaries clearly.
Block time on your calendar for focused work, and decide which meetings are most valuable for you to attend. Most importantly, proactively share your schedule to manage people’s expectations. Limiting your availability can be difficult when your company is struggling, so communication is key.
This tip is adapted from “How to Protect Your Boundaries When Your Company Is Struggling,” by Susan Peppercorn
Tue 26 March 2024
How to Break Through When You’re Feeling Stuck
We all feel stuck sometimes at work. Maybe you want to quit your job and start another career. Maybe you’re trying to build a new skill or habit. Maybe you’re searching for a new idea to pitch. How can you take steps to get un-stuck?
(1) Start by silencing your inner cynic.
In the early stages of exploring new possibilities, being too negative can shut down creativity and progress. Suspend disbelief and make room for new ideas to germinate and take shape. Who knows? A bad idea can become great if given a chance.
(2) Then, strip away what you think you know.
When you know a lot about a certain topic or industry, your thinking can become rigid. You may be clinging to conventional wisdom that limits you. Take a step back and see if there’s a broader perspective you’re not considering, or if a different approach might actually be possible.
(3) Finally, stop trying to seem perfect. Perfectionism is a barrier to meaningful change when it leads to a fear of failure or prevents you from trying new things. Instead, get comfortable with failure.
Next time you make a mistake or things don’t turn out the way you’d hoped, spend some time reflecting on what you’ve learned or gained and how it could bring you closer to a breakthrough.
This tip is adapted from “What to Do When You Feel Stuck at Work,” by Kim Christfort and Suzanne Vickberg