Thursday, December 31, 2015

The Management Tip of the Day from Harvard Business Review

 


THE MANAGEMENT TIP OF THE DAY: Harvard Business Review

December 31, 2015

Learn How to Manage Your Inner Critic


Self-doubt can have a tremendous negative impact. If you’re hampered by a harsh inner critic, you’re likely to talk yourself out of sharing your ideas and insights, which hurts you, your team, and the company. One of the most powerful ways you can deal with your inner critic is to develop a toolkit for managing self-doubt. To start, first understand that your inner critic isn’t driven by logic, so arguing with it is a waste of time. Instead of arguing, ask yourself where the self-criticism is coming from. Inner critics often stem from inflated fears about vulnerability and failure. Then learn to manage the inner critic. Notice when you hear the voice and what it’s criticizing. Are there certain situations or issues that trigger it? Remind yourself that what you’re hearing is unfounded criticism — then decide that you simply won’t take direction from it.

Adapted from "Helping an Employee Overcome Their Self-Doubt," by Tara Mohr


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The Daily Stat from Harvard Business Review

 


THE DAILY STAT: Harvard Business Review

December 30, 2015

Are Democratically Elected Leaders More Stressed?


Elected heads of government have a greater risk of early death, according to a team of researchers led by Anupam Jena at Harvard Medical School. The researchers compared 279 nationally elected leaders from 17 countries to 261 leader candidates who never served in office, finding that after adjusting for life expectancy at the time of the last election, elected leaders lived 2.7 fewer years and experienced a 23% greater risk of death compared to runners-up. “This suggests that the stress of governing may substantially accelerate mortality for our elected leaders,” said Jena, who is also a physician at Massachusetts General Hospital.

Source: Election Risk


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Wednesday, December 30, 2015

The Management Tip of the Day from Harvard Business Review

 


THE MANAGEMENT TIP OF THE DAY: Harvard Business Review

December 30, 2015

Strengthen Your Social Ties at Work


Relationships at work matter both for making your workday more pleasant and for helping you do your job better. But many of us shy away from making friends with our coworkers, even if we’ve known them for years. If your social ties at the office aren’t as strong as you’d like, here’s how to improve them:

  • Start small. Find one or two colleagues who have things in common with you, then ask them to lunch or coffee.
  • Use the time before meetings. Even short interactions about TV shows, movies, or sports can build relationships over time.
  • Ask questions. If you’re worried about running out of things to say, ask your colleague what she’s working on right now or what she’s interested in.
  • Make the time. Busy schedules are an easy excuse. Block off 30 or 60 minutes to talk to colleagues or go for a walk together.

Adapted from "How to Build the Social Ties You Need at Work," by Amy Gallo


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The Daily Stat from Harvard Business Review

 


THE DAILY STAT: Harvard Business Review

December 29, 2015

For Big-Ticket Items, We Prefer Discounts Marked in Dollars, Not Percentages


Consumers react differently to discounts depending on whether they’re presented as an amount off or a percentage off, especially for more expensive products, according to a study led by Eva M. González of Monterrey Institute of Technology and Higher Education. 151 students were assigned to four conditions. Some saw a lower-priced item — a balloon that cost 48 pesos — on sale for either a 12-peso discount or a 25% discount. Others saw a higher-priced item — a jacket that cost 480 pesos — on sale for either a 120-peso discount or a 25% discount. Participants in the higher-priced condition said that the promotion offered higher value when it was presented in pesos instead of as a percentage. They also said they were more likely to use the promotion when it was marked in pesos. For the lower-priced item, the difference in preference was not statistically significant. “Even when people understand percentages and dollar amounts, consumers tend to focus on an absolute number in isolation, so a 20% discount appears larger than $10 for a $50 item, and a 20% discount seems smaller than $80 for a $400 item,” write the researchers. They suggest retailers should provide consumers with an absolute savings amount for big-ticket items.

Source: Amount off versus percentage off—when does it matter?


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Tuesday, December 29, 2015

The Management Tip of the Day from Harvard Business Review

 


THE MANAGEMENT TIP OF THE DAY: Harvard Business Review

December 29, 2015

Use a Visual System to Track Your Knowledge Work


Much of the knowledge work we do is invisible. In a typical office, people hunch over their computers or type on their phones, but what they’re actually doing is harder to see. So how can leaders tell whether the work is being done properly? And how can employees tell whether their work processes are functioning as well as possible? One method that both individuals and teams can use is to implement a visual system for tracking work. Whether it’s a cloud-based app like Trello or something closer to an agile project board, visual systems reduce the need for regular update meetings and memos, freeing up everyone’s time. They also help make timelines more apparent by plainly showing what’s happening in a process. If you have repetitive work with multiple steps to manage, consider whether a visual system would help you do it. You may be surprised how making work visible makes it easier to complete.

Adapted from "How Visual Systems Make It Easier to Track Knowledge Work," by Daniel Markovitz


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