Demystifying Cost Of Inaction

Harsh_Johari

Imagine you wake up one morning with a slight toothache
Initially, the pain is bearable, so you ignore it and continue with your life
A few days pass by....
Now, it starts paining more
You find it difficult to eat or talk, but you still do not do anything about it
A few more days pass by....
Now, the pain becomes unbearable
And you finally visit a dentist, after suffering for several days
The dentist advises a costly procedure and lots of medicine
You have no choice but to undergo the procedure
Eventually, the pain subsides after a few days
You see what happened ?
You only took action when the pain became unbearable and you ended up paying a huge cost
This is known as the COST OF INACTION (COI)
Imagine if you had NOT ignored the pain and taken care of it earlier
Maybe visited the dentist before ?
Maybe the procedure was not necessary at all ?
In this case, the cost of inaction was both financial and non-financial
The financial cost was obviously the medical bills
But because you were not able to talk properly for few days, you missed some important client meetings
So there was potential lost business opportunity as well
And then, there was the non-tangible component of COI
You were in pain, you were suffering
You could not have your meals properly or sleep properly
You were simply miserable for those days !
In my experience, this concept of COI is not well understood by many
Whether you are business leader, entrepreneur or a working professional – it does not really matter
When you do not change....

Harsh_Johari

Debunking 6 Common Myths About Work Culture

Akshay Roy 2024-01-18

In this article, we will debunk six common myths about work culture to shed light on what truly matters in fostering a healthy and effective workplace. While these can be part of a positive work culture, they are not the essence of it. A strong work culture is built on a foundation of trust, open communication, and a shared sense of purpose. Building a positive work culture requires commitment, consistency, and a willingness to adapt and grow along with the organization. A healthy work culture requires a collective effort and a commitment to upholding its values and principles.

Recognition of Team Members: 9 Effective Ways

Olga Agramakova 2023-10-10

The recognition of team members plays a pivotal role in fostering a positive and motivated workforce. This article delves into innovative and cost-effective strategies for the recognition of team members, which not only boost engagement but also reinforce a sense of belonging and camaraderie among employees. Why Recognition of Team Members MattersAppreciation from managers means a lot, but recognition from peers often means even more. Have team members vote for monthly peer awards. Remember, recognition of team members is not just an option; it’s a priority for any organization aiming for sustained success.

Leadership And Team Development

Vertical Elevation 2022-09-22

Our Leadership and team development programs take into account the balance of individual and team capabilities, the impact on performance, and the available and required support. In today’s complex organizations, effectively working with and managing teams is often the difference between success and failure. To be a leader and work in teams today, you require strong people, communications and collaborative skills. Our Team Leadership training program teaches managers to diagnose their team’s development and apply the right leadership style to build and sustain high-performance teams. By teaching managers these leadership skills, you can significantly improve your teams’ ability to execute on projects, grow the business, and adapt to whatever arises.

Enhance Communication skills and learn Personality development tips

the talkroom 2022-03-24

A ‘fixed mindset’ assumes that their character, intelligence, and creative ability cannot get better with time, persistence, and efforts. Kids start showing the sign of a fixed mindset or growth mindset from a very early age. Having a growth mindset is much better than a fixed mindset. Shifting from a fixed mindset to a growth mindset is not a cakewalk. To imbibe a growth mindset within us, we need to do some research and development within ourselves.

Team management skills

Strengthscape 2023-02-24

Effective team management skills involve understanding each team member's strengths and weaknesses, creating a positive and supportive work environment, and establishing clear goals and expectations. For an individual contributor, playing the role of a manager for the first time is a formidable experience. For a new manager, these success factors witness a tectonic shift. Strengthscape’s First Time Program prepares incumbents to make this transition, an uninhibited and structured experience as they form their leadership paradigm; that would probably stay with them for a lifetime. Strengthscape’s First Time Manager program addresses multiple myths especially those related to power & authority; influence & motivation; and business priorities and results.

Life and management lessons from the world of ART

Harsh_Johari 2021-04-23

There must be a point in our childhood which carried vivid and messier imagination with colors that expressed or defined us freely without any hesitation or rules or styles.

Why did become more conscious about every move we make and what others would say?My journey with art began with my elder son showing interest in drawing and we enrolled him into weekend art classes.

His teacher was a reputed artist with an innate ability to connect with kids and help them discover the artist within themselves.

So here are some musings from the world of art which I enrolled to spend time to and how they have changed the way I look at life :Finding the problem–We are rising as solution-oriented instead of looking for the source of the problem.

Art can help in finding the problem before you go on the solution-finding mission.

First try to understand the problem better using different perspectives, before attempting to solve itIts OK to make mistakes -Every stroke of the brush comes with a new effect.

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EFFECTIVE MANAGEMENT SKILLS

Learners Ink 2022-12-28

Some examples of effective management skills include:Communication: The ability to clearly and effectively communicate with team members, stakeholders, and other parties is essential for success in a management role. Problem-solving: The ability to identify and resolve problems in a timely and effective manner is essential for successful management. Leadership: The ability to inspire and motivate team members, and to effectively delegate tasks and responsibilities, is key to effective management. Developing and honing these skills can take time and effort, but they are essential for success in a management role. Decision-making: Strong decision-making skills are crucial for managers, as they often face complex problems that require careful analysis and judgment.

5 Reasons Why Time Management Skills Are Crucial For Your Success

Back Bencher - Communication Skills Workshops 2023-03-15

It is time management skills that separate high-performers from average professionals. You gain many incredible life benefits by learning time management skills through time management workshops. Let us elaborate 5 key reasons why time management skills are important for your life:1. Enhance ProductivityEffective time management enables professionals to prioritize tasks, focus on what is important, and complete work timely and efficient. When professionals demonstrate effective time management skills, colleagues and management see them as reliable, dependable, and competent.

What Skills Are Classed As Professional Development?

David Smith 2022-04-28

What Skills Are Classed As Professional Development? Identifying goalsSetting professional development goals can help kick-start your career and increase your chances for success. When setting goals for your professional development, be sure to be realistic and related to your other professional goals. Another way to determine the impact of professional development on student learning is to examine research on effective teaching practices. Therefore, school-based professional development should focus on supporting principals in developing their vision, language, and leadership skills.

Skills Management Software Market Projected High-growth Opportunities And Promising Potential During The Period 2023-2032

Gracey Cummins 2023-11-06

New research from Polaris Market Research, titled Skills Management Software Market: By Size, Trends, Share, Growth, Segments, Industry Analysis and Forecast, 2032, focuses on comprehensive market data and an analysis of the market's expansion. Global skills management software market size and share is currently valued at USD 362. The Skills Management Software Market share, growth rate, and valuation of each industry, geographic area, and country are also presented. About Us:Polaris Market Research is a worldwide market research and consulting organization. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

What are the benefits of ISO 9001 for your employees

Sobhana s 2019-02-05

What is ISO 9001 Certification?ISO 9001 Certification is nothing but Quality management system.

It will suitable for all industry sectors and it helps to the organization to improve the management process.

ISO 9001 is based on the number of QMS principles is including the strong customer focus, motivation and implication of the top management.

In ISO 9001 certification in Mumbai is helps to the customers in good quality products and services it turns many benefits from business.Advantages of ISO 9001 certification:Many advantages are there by implementing ISO 9001 certification standard for your business.

Its benefits the enhanced sale and retention of existing customers.Reduces the operational expenditures: In ISO 9001 certification is indicates the any weakness in operational and management system.

In 9001 is other advantages is include to the money and timing, return, rework ,staff timing of products.

Relationship Management Skills to Boost Your Career

Mariano Smith 2021-10-16

If you are reading this article, it means you want to learn the new skills you need to jumpstart your career.

It enables a person to establish and maintain productive business relationships which can help grow the business and achieve unprecedented success.

Give it a try and find out what skills you are currently lacking in order to achieve better results.

As a business economist, you not only need to have perfect grammar, but also be able to express your ideas clearly, confidently, and correctly.

If you want to strengthen your relationships, you need to listen carefully to your partners.

Your main task is to show your partners that you care about their opinion and that you take their ideas into account.

Strategic Leadership: Ten Critical Skills All Leaders Need

Zane Todd 2024-01-09

This article highlights ten pivotal skills integral to effective strategic leadership. It requires strong strategic leadership skills that can drive a team towards success. In this article, we will discuss ten critical skills that all sales leaders should possess to excel in their roles. Evaluate your skillsAssess each of the critical leadership skills discussed earlier and rate yourself on a scale of 1 to 10. Taking on new challengesStep out of your comfort zone and take on new challenges that stretch your leadership skills.

Why Learn Java?

Alex 2021-09-24

In the software engineering industry, the debate over the best languages is a hot topic.

Choosing the type of software development you enjoy is important if you are considering learning to code to improve your career opportunities and income.

JavaScript developers enjoy creating cool-looking and responsive websites, but they dread crunching code on the server for hours.

Java and C developers, on the other hand, care less about websites looking pretty - they are focused more on the technical aspects of software applications.Currently, over 250 programming languages are used, and coding bootcamps teach over 100 of them1.

Java is the most in-demand programming language According to Indeed.com, the world's largest job aggregator, we have compiled the top 10 programming languages based on the number of job listings.

Java was (and continues to be) a game-changing technology used across various devices and industries because of its security, versatility and portability under any operating system.What types of companies use Java?

Three Easy Ways To Engage Employees Through Training And Development

Inspire Consulting & Management Group 2022-04-05

5 billion on training and development. So, if you are considering becoming a professional and engaging employees through training and development, keep reading. Contact a vital company that can teach you everything, help you know its importance, and think about generating influence. As we talked about above, if you are looking for the best engaging employees through training and development, we are the best option. It doesn't matter whether you seek leadership training, communication training, or sales training; we are happy to help.

Benefits Of AngularJS (Why It Is Recommended?)

Solwin Infotech 2021-03-15

It helps to simplify the development and testing processes of feature-rich web applications.

It helps the developers overcome the challenges of web development processes.

AngularJS is widely used for creating rich internet applications that are truly responsive and dynamic.Do you want to build a great web app to help you achieve your business objectives?

It is a popular choice for building modern web applications.Google has developed the AngularJs tool for making the frontend development process easier.

MVCAngularJS is built on MVC architecture, which is widely used for developing rich internet applications.

The filters allow the developers to get greater flexibility for the apps built.

10 skills every project manager needs

Eworks Manager 2023-06-19

Developing hard or technical skills can boost your performance and confidence as a project manager. Or looking for ways to be a better project manager? These are the steps you can take to improve your skills: Seek feedbackAsk your colleagues for insight into your soft skills. With so many resources available online, it's easy to develop your soft and hard skills through free and paid courses. Most Project Management Systems come with a mobile app, allowing you to stay on top of projects on-site or in the office.

Things to consider in Micro-Services architecture for SaaS based product Development

PB shaikh 2022-06-30

A monolithic architecture for SaaS product development will inevitably be a problem for Independent Software Vendors (ISV) that have built a successful company on a self-developed solution. The answer to such demands lies in moving away from the conventional monolithic architecture to microservices application that improves testing methodologies through a change in DevOps architecture. A microservices architecture organizes an application as a collection of linked services. Here, small independent services connect with one other through well-defined APIs. Read More: Micro-Services architecture for SaaS based product Development

Baby Toys Market Size, Share, Trend, Business Statistics, Research Methodology, Top Key Players, Gross Margin and Foresight to 2027

Pradeep Zende 2019-06-13

The global economic development is fueling changes in the lifestyle of the masses.

The market is forecasted to scale a decent valuation in the years to come.

Parents are focusing on the all round development of their kid, which is propelling market expansion.

Innovations in the product lines are designed in a way to help the kids in developing skills such as speech recognition, analytical, etc.

People are getting increasingly aware of the adverse effects of the non-biodegradable materials used in the production of toys.

The key players participating in the baby toys market are studied in this MRFR report for a detailed share analysis.

Why Businesses Should Invest In Soft Skills Training

Alex Belsey 2022-09-18

What Are Soft Skills? Types Of Soft SkillsThe term ‘Soft Skills’ covers a wide range of interpersonal and communication skills that are essential for successful interactions with customers and other members of staﬀ. The Benefits Of Soft Skills TrainingWhile 'hard skills' have been traditionally valued in the workplace, according to statistics released by Harvard University and the Carnegie Foundation, as much as 85% of job success comes from using soft skills eﬀectively. • Problem-Solving Skills - Soft skills training allows your employees to develop their problem-solving skills, both through the training programme itself, and by learning to communicate and negotiate more eﬀectively with other team members. • Creativity - Soft skills training helps your employees to think more creatively, allowing them to problem-solve more eﬀectively and come up with new and original ideas.