How would we describe an industry which is expected to wrestle with 300 million pages of regulatory documentation by 2020? Brave. That is exactly what the financial services industry is: brave, and ready to face the future. Approximately £60 billion will be spent every year in the UK alone on meeting regulatory obligations, one study has predicted. This is equivalent to a staggering 2.6% of the nation’s GDP. The cost is worrying, and customers will bear the brunt of it. Even more alarming is the burden such regulations will put on people assigned to keep pace with them. Those employees’ jobs will become exasperatingly repetitive. One tiny error in managing documents and details could get organizations into deep trouble with regulators, investors and customers. However, technology can change all that. With 'finnovation' advancing, soon work may not seem like work anymore. Instead, technology will take over jobs in fields such as compliance, trade settlements and cross border payments. Employees will once more be able to use their intelligence, intellect and intuition - characteristics that are critical to business, and that machines do not possess - to become innovators and explorers. More importantly, they can use the available time to improve customer experience, which is more art than s
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Gather the tips and tricks for business from the world's best business management experts on key issues like redesigning the way we work and more! https://lnkd.in/g-tCN5xf
Harvard Business Review
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The people of Japan treat water with such respect and honor. "mizu" is the Japanese word for "water." In English, water is just water, but mizu is so much more than water. It contains the philosophical truths about self-leadership, honor, patience, virtue and many principles relating to business and organizational growth. The mizu philosophy provides a comprehensive framework for developing effective leadership skills when leading a global team. By incorporating the 10 principles of the mizu philosophy into leadership coaching conversations, leaders can become more adaptable, flexible and resilient in the face of challenges. These principles emphasize the importance of collaboration, inclusivity, transparency, empathy, continuous improvement and mindfulness.
Japanese philosophies shaped Steve Jobs' leadership style. Here are 8 Japanese concepts that can redefine the way you lead and innovate. 1. Kaizen: ⇥ Small changes, monumental impacts. Encourage your team to champion continuous improvement, ↳ transforming your business one step at a time. 2. Ikigai: ⇥ Unlock passion. Align your team's work with their deepest passions ↳ for unparalleled motivation and fulfilment. 3. Nemawashi: ⇥ Consensus is key. Involve your team early, ↳ fostering a culture of collaboration and shared decision-making. 4. Oubaitori: ⇥ Celebrate uniqueness. Recognise individual strengths. Craft personalised growth journeys free from comparison. 5. Gaman: ⇥ Perseverance as virtue. Lead with patience, ↳ supporting your team in building resilience through every challenge. 6. Kintsugi: ⇥ Embrace imperfection. Cultivate a culture ↳ where mistakes are golden opportunities for growth and learning. 7. Shu-Ha-Ri: ⇥ Master the stages of learning. By guiding team members from following to innovating, ↳ we create an environment where growth and mastery go hand in hand. 8. Mottainai: ⇥ Efficiency is respect. Instil a mindset of sustainability, ↳ valuing resources and minimising waste ↳ for a greener, leaner operation. These principles aren't just lessons. They're a way of life. By integrating these concepts into our leadership styles, ↳ we don't just build better businesses. We craft a better world. Agree? Anything else you would add to this list? P.S. Repost this ♻️ to share it with your network. 📌Next steps: Want a high-res PDF of my visuals? 1. Follow me Véronique Barrot for more posts like this. 2. Try my free newsletter (Link in comments & on my profile). You'll get 60+ of my most popular visuals for free. Let's shape a world of growth and empowerment, ↳ fostering positive change in people and organisations globally.
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Why are so few women in management positions? The popular explanations range from women just aren’t capable of being leaders to women just don’t want to be leaders. According to the author, however, the absence of women in leadership roles has less to do with women themselves and more to do with how we interpret leadership traits. Confidence – a trait more associated with men – is often misinterpreted as competence. As a result, charismatic, but incompetent men have fewer barriers to reach the top than women. Individuals in positions to promote and hire managers should think more critically about what seems like a leadership trait versus what is an actual leadership trait. They will find that arrogance and overconfidence – the characteristics that get men into management positions – are also the characteristics that cause poor performance.
Why Do So Many Incompetent Men Become Leaders?
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Bees are fascinating organisms that have been in the world for around 130 million years and they have developed captivating social abilities. In addition to being a key player in our ecosystem, bees represent a breathtaking example of how communication is essential to operate and thrive. Strong communication and information sharing is at the center of great team performance. Bees depend on a complex system of vibrations and pheromones to pass signals and information across each other and the greater hive. This hive communication network is the backbone of the team accomplishing great things!
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Management Lessons from Honey Bees: Strategies for Entrepreneurial and Professional Success Honey formation starts with honey bees collecting nectar from flowers. They ingest and partially digest it, then regurgitate and dehydrate it in the hive. This process involves enzymes breaking down complex sugars into simpler ones. The bees then fan the mixture with their wings to evaporate excess water, creating thick honey. Key management lessons: 1. Efficient Resource Utilization: Bees efficiently use available resources (nectar) to create a valuable product (honey). Entrepreneurs should optimize resource allocation for maximum output. 2. Collaboration: Bees work together harmoniously in the hive, each performing specialized tasks. Effective teamwork and division of labor are crucial in business for achieving common goals. 3. Adaptability: Bees adapt their behavior based on environmental factors like weather and flower availability. Entrepreneurs should be agile and adaptable to changing market conditions. 4. Quality Control: Bees maintain high standards in honey production, ensuring consistency and purity. Businesses must prioritize quality control to maintain customer satisfaction and loyalty. 5. Long-term Planning: Bees store surplus honey for future use, demonstrating foresight and long-term planning. Professionals should adopt a strategic approach, considering future challenges and opportunities Certainly! 6. Innovation: Honey bees have evolved intricate techniques for honey production over millions of years. Entrepreneurs can learn from this constant innovation and should continuously seek new ways to improve processes and products to stay competitive in the market. 7. Resilience: Despite facing threats such as predators, diseases, and environmental changes, honey bees have survived and thrived. Professionals can draw inspiration from their resilience, staying steadfast in the face of adversity and finding ways to overcome challenges in business. 8. Sustainability: Honey bees play a vital role in pollination, contributing to ecosystem balance. Entrepreneurs can incorporate sustainable practices into their businesses, considering environmental impact and long-term sustainability to ensure the well-being of both their company and the planet. 9. Communication: Bees communicate through intricate dances and pheromones to convey information about food sources and hive conditions. Effective communication is essential in business for building strong relationships with customers, employees, and stakeholders. 10. Customer Focus: Bees prioritize the needs of the hive and the collective well-being over individual interests. Similarly, businesses should prioritize customer satisfaction and focus on delivering value to meet their needs and expectations #success #productivity #motivation #investing #management #humanresources
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Pandemic-led loneliness, the need for companionship and unconditional love, and changing lifestyles, priorities, and notions of parenthood are some of the reasons why the younger generation prefers to raise pets over children. Read more at: https://lnkd.in/g8ha6Q89
Why millennials and Gen Z are choosing to raise pets over children
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Worth Reading .!! The Eagle does not fight the snake on the ground. It picks it up into the sky and changes the battle ground, and then it releases the snake into the sky. The snake has no stamina, no power and no balance in the air. It is useless, weak and vulnerable unlike on the ground where it is powerful wise and deadly. Take your fight into the spiritual realm by praying and when you are in the spiritual realm God takes over your battles. Don't fight the enemy in his comfort zone, change the battle grounds like the Eagle and let God take charge through your earnest prayer. You'll be assured of clean victory.
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