multifamilycollective
Embrace Reality
Photo by Markus Spiske on Unsplash
Peter Drucker, the father of modern management, was a prolific writer and speaker on business and management. His views on exploiting new realities remain relevant nearly two decades after his death. And we have more than a few new realities to exploit.
Embrace Change
Drucker believed companies should embrace change and find opportunities in new realities rather than resisting them by hanging on to the status quo. He argued that companies must constantly adapt to new and unique circumstances to remain competitive. This requires a deep understanding of the changing business landscape and the ability to think creatively and take calculated risks. It involves reading, networking, and listening broadly.
Knowledge Work
One of the key new realities that Drucker identified was the rise of knowledge work. He believed that knowledge workers, such as engineers, scientists, and managers, would become the most valuable employees in the modern economy. Does this remain true in the AI world? He argued that companies must focus on creating a work environment fostering creativity, innovation, and collaboration to attract and retain the best knowledge workers.
Technology
Drucker also recognized the importance of technology in the modern business landscape. He believed that companies need to embrace technology as a tool for efficiency and to create new products and services. He argued that companies must be technologically literate and invest in research and development to stay ahead of the curve. So true in today’s world.
Think Global Act Local
Another new reality that Drucker recognized was the globalization of the economy. He believed companies must be globally oriented to seize new markets and opportunities. This requires a deep understanding of different cultures and adapting to business environments. Even if you don’t offer a product globally, you can apply the learnings locally.
Share this:
Feed Forward: A Powerful Tool for Personal Behavior Change
Photo by Dylan Gillis on Unsplash
Do you ever feel stuck in a behavior you want to change but can’t progress? It’s easy to get frustrated when trying to change habits; I use a tool that might be useful to you: feed-forward.
Feed-forward is using feedback from past experiences to change future behavior positively. In short, it helps you focus on steps you can take moving forward rather than dwelling on past mistakes; feed-forward empowers you to improve and progress toward your desired outcomes continuously.
Here are five steps to implement feed-forward in your behavior change journey:
- Pick a Behavior You Want to Change – The first step is to identify and put a pure definition to the behavior you want to change. This could be anything from exercising to eating healthier or being more organized. Once you have identified your desired behavior change, please write it down and commit to making progress. There is something powerful about putting pen to paper when setting intentions.
- Tell Someone, Anyone – Sharing your intention with someone else can help keep you accountable and support you when needed. It could be a friend, family member, or even a coworker. Tell them what behavior you want to change and why it’s important.
- Ask Them for Two Suggestions – Ask your confidant for two specific suggestions on progressing towards your goal. Be open-minded and receptive to their feedback. No one person has cornered the market on ideas, so ask broadly.
- Listen & Take Notes -Listen carefully to their suggestions, and write them down. It’s essential to be receptive to feedback and not take it as criticism. Instead, view it as an opportunity to learn and grow. If you need clarification or more information, ask them to elaborate.
- Take Action – Now is the time to take action. Start small, and gradually build on your progress. Remember to focus on what you can do moving forward rather than dwelling on the past. Celebrate your successes, and be patient with yourself.
Share this:
Best Move-In Gifts for New Apartment Residents
Photo by Jess Bailey on Unsplash
- A potted plant or fresh flowers add a touch of greenery and life to their new space
- A Big Blanket to make their living room feel warm and inviting
- A collection of their favorite books or a Kindle to stock their new bookshelf
- A set of nice towels and bed linens make their bedrooms feel luxurious
- A gift card to a nearby grocery store or home goods store to help them stock up on essentials
- A welcome basket filled with snacks, wine, and other goodies to make them feel at home
- A nice piece of art or framed photograph to add some personality to their walls
- A personalized housewarming gift, like a custom doormat or a monogrammed throw pillow.
- For new parents: plastic outlet covers – install them for the And, one!
- For the coffee lovers – a new pour-over coffee kit
Share this:
Why Organizational Culture Punks Business Strategy Every Time
Photo by Husna Miskandar on Unsplash
We often focus on developing the perfect strategy to achieve our goals in business. We invest time, energy, and resources into developing complex plans and procedures, hoping they will help us succeed. But as Edgar H. Schein, a prominent organizational psychologist and management theorist, once said: “Culture eats strategy for breakfast.” (Many attribute this quote to Peter Drucker)
What does this mean, exactly? Simply put, it means that an organization’s culture is often more powerful than any strategy that may be put in place. No matter how well-crafted a strategy may be, it is unlikely to be successful if it’s not aligned with the organization’s culture. In other words, if an organization’s culture doesn’t support the strategy, it’s unlikely to be implemented effectively.
Consider the example of a company that prioritizes innovation and creativity but has a hierarchical, rigid culture in which team members are discouraged from taking risks or trying new things. No matter how well-crafted the company’s strategy for innovation may be, it is unlikely to be successful in this environment. The company may have the best plans and procedures in place, but if the culture doesn’t support experimentation and risk-taking, the strategy is unlikely to be implemented effectively.
On the other hand, consider a company with a transparent, open communication and collaboration culture. Even if the company’s strategy is not innovative or groundbreaking, it is likely to succeed if it’s aligned with the organization’s culture. The culture will support the strategy, making it easier to implement and ensuring everyone works together toward a common goal.
So what does this mean for business leaders? Simply put, it means that they must pay attention to the culture of their organizations. They must strive to create a culture that supports their strategies rather than simply relying on the strategy to achieve success. This may mean changing the organization’s culture by encouraging open communication, fostering collaboration, or empowering employees to take risks and try new things.
Share this:
Multifamily: Free Agents
Photo by averie woodard on Unsplash
In his book “The Free Agent Nation,” Dan Pink coined the term “Free Agent Nation” to describe a growing trend of workers who embrace self-employment and independence rather than traditional full-time employment. The concept of Free Agent Nation has gained significant attention in recent years, particularly with the rise of the gig economy and the increasing number of people who work for themselves.
According to Pink, Free Agent Nation is a cultural and economic shift from the traditional employer-employee relationship. It is a movement towards a more fluid, flexible, and entrepreneurial approach to work, where individuals take control of their careers, often by building their businesses or working as freelancers.
One of the key drivers of the Free Agent Nation phenomenon is the desire for greater autonomy and control over one’s work life. Many people today are disillusioned with the constraints of traditional employment, including rigid schedules, limited opportunities for advancement, and the feeling of being undervalued or unappreciated by their employers. COVID-19 accelerated the pace. By becoming free agents, they can set their schedules, pursue work that aligns with their passions and interests, and take ownership of their success.
Another factor contributing to the growth of Free Agent Nation is the rise of technology and digital platforms that make it easier than ever to work independently. Online marketplaces like Upwork, Fiverr, and Etsy have opened up new opportunities for freelancers and small business owners to connect with customers and clients worldwide. Social media and other digital marketing tools have also made it easier for individuals to build their brands and reach a wider audience.
Overall, Free Agent Nation represents a significant shift in how we think about work and careers. Whether it is a positive or negative trend depends on how it is managed and regulated in the years to come. But one thing is clear: the era of traditional employment is giving way to a new model of work that is more flexible, entrepreneurial, and driven by individual initiative.
Share this:
- « Go to Previous Page
- Page 1
- Page 2
- Page 3
- Page 4
- Page 5
- Interim pages omitted …
- Page 11
- Go to Next Page »