Wednesday, February 1, 2017

The Management Tip of the Day from Harvard Business Review

 


THE MANAGEMENT TIP OF THE DAY: Harvard Business Review

February 01, 2017

Turn a Coworker's Negative Feedback into an Improved Relationship


No one likes getting negative feedback — especially from a peer — but demonizing your coworker who was honest with you won’t get you anywhere. After all, they took the time to give you feedback because they care about you and your success. So enlist their help. Schedule a time to follow up on what they told you. It doesn’t have to be right away, especially if you’re still thinking through how to better improve your behavior. But once you’re ready, reach out. Sit down together, tell them that you are intent on improving, and explain how you will measure success. Ask them for their input on your plan and whether they have any suggestions for specific actions you can take. Not only will they be there to support you along the way, but they’ll also be more invested in your improvement — and your relationship.

Adapted from "Using Harsh Feedback to Fuel Your Career," by William Treseder


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HBR Guide to Buying a Small Business

Are you looking for an alternative to a career path at a big firm? Does founding your own start-up seem too risky? There is a radical third path open to you: You can buy a small business and run it as CEO. Purchasing a small company offers significant financial rewards—as well as personal and professional fulfillment. But finding the right business to buy and closing the deal isn’t always easy.

In the “HBR Guide to Buying a Small Business,” Harvard Business School professors Richard Ruback and Royce Yudkoff help you determine if this path is right for you, raise capital for your acquisition, find the right prospects, negotiate a potential deal with the seller, and avoid pitfalls.

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Teams at Work: Emotional Intelligence (with Facilitator’s Guide)

Emotional intelligence (EI) is a critical professional and leadership skill that encompasses everything from regulating one's own moods and emotions to managing social interactions with others.

This new Teams at Work toolkit enables you to walk your team through the importance and fundamental components of EI and provides them with several specific techniques for implementing emotional self-awareness and social intelligence in the workplace. It includes: (1) 45 minutes of Harvard Business Review materials for your team to read and listen to; (2) a facilitator’s guide that will allow you to lead a 1-hour discussion around the concepts; and (3) a quiz to help your team members gauge their own EI strengths. Use this collection of Harvard Business Review content to help your team build their emotional intelligence—together.

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We Can’t Undo Globalization, but We Can Improve It

 


FINANCE NEWSLETTER Harvard Business Review

January 31, 2017

We Can't Undo Globalization, but We Can Improve It

By Gary Pinkus, James Manyika, Sree Ramaswamy


Fintech Companies Could Give Billions of People More Banking Options by Jake Kendall

Consumers in poor countries especially stand to benefit.


Why Trump Doesn't Tweet About Automation by Thomas H. Davenport

There are no dramatic plant closings, and no easy solutions.


Research: Firms Give More Stock Options When They're Committing Fraud by Andrew Call, Simi Kedia, Shivaram Rajgopal

And the more stock they give, the less likely whistleblowing becomes.


What the Cost of a Trip to the Vet Tells Us About Why Human Health Care Is So Expensive by Liran Einav, Amy Finkelstein

They have a surprising amount in common.


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Financial Planning, Budgeting, and Forecasting: Financial Intelligence Collection

Harvard Business Review Book

Don’t let your fear of finance get in the way of your success. This digital collection, curated by Harvard Business Review, brings together everything you need to know about finance — from financial planning and budgeting to macroeconomics and forecasting.

The seven volumes include Financial Intelligence, called a “must-read” for managers without expertise in finance; A Concise Guide to Macroeconomics, which covers the fundamentals of macroeconomics; Essentials of Finance and Budgeting, which explains everything HR professionals need to know to make wise financial decisions; Ahead of the Curve, Joseph H. Ellis’s forecasting method to help managers understand and predict the economic cycles that control their financial fates; Beyond Budgeting, which introduces a new management model that overcomes the limitations of traditional budgeting; Preparing a Budget, which offers handy tools and self-tests to help you hone critical skills; and the HBR Guide to Finance Basics for Managers, which will give you the confidence you need to master the fundamentals of finance.

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Smart Collaboration

HBR Press Book

Professional service firms face a serious challenge. Their clients increasingly need them to solve complex problems—everything from regulatory compliance to cybersecurity, the kinds of problems that only teams of multidisciplinary experts can tackle. Yet most firms have carved up their highly specialized, professional experts into narrowly defined practice areas, and collaborating across these silos is often messy, risky, and expensive.

In Smart Collaboration, Heidi K. Gardner shows that firms earn higher margins, inspire greater client loyalty, attract and retain the best talent, and gain a competitive edge when specialists collaborate across functional boundaries. Gardner, a former McKinsey consultant and Harvard Business School professor now lecturing at Harvard Law School, has spent over a decade conducting in-depth studies of numerous global professional service firms. Her research demonstrates clearly and convincingly that collaboration pays, for both professionals and their firms. Smart Collaboration offers powerful prescriptions for how leaders can foster collaboration, move to higher-margin work, increase client satisfaction, and boost their bottom line.

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