Category Archives: Business

Time to Reflect

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QUOTE by Joe Frazier – Discipline

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QUOTE OF THE DAY 2.21.15

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QUOTE OF THE DAY 2.9.15

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QUOTE OF THE DAY 2.7.15

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QUOTE OF THE DAY 2.6.15

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EQ vs. IQ

EQ-words

Throughout our professional careers, we’ve met someone who seems to not have all the “smarts” in the world yet are able to accomplish and achieve so much.  Of course, we all want to know the secret…  Well, the truth is there’s no secret.  Though, there is reasoning behind it all.

Intelligence Quotient

IQIntelligence Quotient

We’ve all heard of IQ and we know that it’s a method used to quantify the level of one’s intelligence.  It has been noted that the more intelligence an individual has the better off he/she will be in life.  We also know people who are extremely intelligent but doesn’t seem to operate well, socially in a social atmosphere. Also, what about those who are successful but doesn’t seem to “have it all there”?

Emotional Intelligence

EQEmotional Intelligence

This is an area that many people seem to disregard, even though research have shown that an individual with a high EQ are also likely to succeed.

Here’s a portion I found in Hult News

“EQ has also become an important trait for potential hires. In 2011, a national survey was conducted with more than 2600 hiring managers and human resource professionals. They indicated that EQ is a critical characteristic for landing a job and advancing in one’s career. 34 percent of managers said they are placing greater emphasis on EQ when hiring and promoting employees post-recession, 71 percent said they value EQ in an employee more than IQ. And, 59 percent of employers would not hire someone who has high IQ, but low EQ. This makes a lot of sense though, if you think about it. Whom would you rather work with: the genius who seems unexpressive, detached, arrogant and critical, or a seemingly average Joe or Jane who is outgoing, responsible, ethical, and shows commitment? I would go with the latter one.”

In Daniel Pink‘s book to “Sell Is Human” he mildly discussed EQ but in a different manner, specifically in the anatomy of the brain itself.  Daniel Pink discussed the difference between the right brain and the left brain. He also discussed how individuals who are more “Right Brain” will rule the future.  In fact, he has a whole book that pinpoints his theory.  (I have yet to read it but I may have to dig in; it’s called “A Whole New Mind“.) Here’s an excellent picture found in a Huffington Post article, “Right Brain/Left Brain Thinking” by John M. Eger that illustrates the difference between the two sides of our brain:

Left/Right Brain

Forbes:

“Research carried out by the Carnegie Institute of Technology shows that 85 percent of your financial success is due to skills in “human engineering,” your personality and ability to communicate, negotiate, and lead. Shockingly, only 15 percent is due to technical knowledge.” 

Clearly, it is evident that EQ is extremely important. In fact, EQ is what takes you to the next level.  There’s no doubt in my mind that IQ is critical in being able to understand, analyze and everything else that the Left Brain is programmed to do.

Chess Masters vs. Grand Masters 

It has been studied that Chess Masters and Grand Chess Masters possesses a very high IQ.  There’s no doubt about that.  But, does this mean Grand Chess Masters have higher IQ than Chess Masters? Not quite.  A study conducted by Daniel Coleman suggested that there is a difference between the two geniuses and the difference is in their EQ.  The study states that Grand Chess Masters have a much higher EQ.  Grand Chess Masters are much more passionate about chess than the Chess Masters. They literally eat, sleep and breathe,  chess.

To sum it up, we can associate IQ with intelligence (no brainer there) and EQ with passion.  Based on the numerous amounts of published literature, EQ is a critical piece, especially to those who are seeking for a job.  It shows that you don’t necessary need to be highly intelligent to achieve, but what does matter is your passion and will to succeed.

~B.H.

 

 

Sharing – Missing Link for Yahoo?

 

Have you ever wondered why social media companies like Facebook, Twitter, Instagram, Linkedin etc. found great success?  When I was reading an article about Yahoo’s (YHOO) financial earnings for Q4 2013, I started to wonder why Yahoo has yet to breakthrough and yield profits.  Yahoo (YHOO), led by Marissa Mayer, has made some bold moves.  In Q4 2013, it sold more ads than ever before, yet still did not meet its projected earnings.

Yahoo 2014 Earnings

Of course, I’m sure Yahoo’s CEO, Marissa Mayer has plans to increase earnings for the quarters ahead.  The article “Is time running out for Marissa Mayer?” in Fortune Magazine, talks about the grumbling from investors that the expectations for Mayer to turn Yahoo (YHOO) profitable has been heightened and that the “Honeymoon period” is over. The heat is on.  While other Tech companies like Google (COOG) and Facebook (FB) has seen tremendous increases in their shares, Yahoo is seeing things go in the other direction.

I started theorizing and observed the companies listed to identify a trend.  What I concluded (I may be wrong here) is that the other companies have one thing in common and that is to have their own sustainable social network where information can be shared seamlessly, simply through a click of a button.  Valid, observation?

Let’s take a look:

Forbes

From Forbes’ Magazine

From FastCompany
From FastCompany

From Inc.com

From Inc.com

From CNN

From CNN

 

These images are just screenshots that I’ve taken from various websites that I often visit.  Notice, Yahoo is nowhere to be found as an option to “Share“.  Now, am I saying that if you want your company or business to grow you must have a “Share Button“, NO.  What I am saying is Yahoo may be potentially missing out on opportunities simply by not having a social network backing up its’ robust data to be shared with the rest of the world.

So let’s take a deeper dive into why “Sharing” is such an important part to our civilization.

We’ve all heard about the 6 Human Needs in the human psyche.  Tony Robbins really drove the importance of these key basic needs. According to Tony Robbins, all human being possesses these basic needs.  The hierarchy of these needs is based on each individuals’ perspective on its level of importance, but we all possess these needs.

6 Human Needs:

human-needs

To get to the point, notice that Contribution and Connection owns 33% of the 6 basic human needs. That is a very important key factor and is sizable enough to consider looking into.  Here are some facts that I pulled from an article called Seven Ways Sharing Can Make You Happy” by Julie Suttie:

– “Sharing can cause the release of oxytocin, a hormone that increases feelings of well-being. Paul Zak, founding director of the Center for Neuroeconomics Studies at Claremont Graduate University, studies the effects of oxytocin in social exchanges. His lab has found that when people share and experience gratitude, or any sense of connection, their brains will release the hormone oxytocin. Though more commonly associated with breast-feeding, oxytocin is also known to relieve stress, improve immune function, and foster trust in human interactions, all of which contribute to greater well-being and happiness. In laboratory studies, Zak has found that a dose of oxytocin will cause people to give more generously and to feel more empathic towards others they come across, with “symptoms” lasting up to two hours. And those people on an “oxytocin high” can potentially jumpstart a “virtuous circle, where one person’s generous behavior triggers another’s,” he says.

Surprisingly, even when sharing involves an exchange of money or where communication takes place over the internet––a common situation with commercial sharing sites––oxytocin is still released. In one study, Zak found that 10 minutes of tweeting induced a spike in oxytocin and a reduction of stress hormones in his subject, a reaction similar to what one might experience during in-person communication. Many sharing sites, he argues, do double duty, connecting people on-line and then having them meet in person to exchange goods or services. “This suggests why sharing is so ‘sticky,’” says Zak. “It makes us feel good in two ways.” –

While, Google, Facebook, Linkedin, Twitter all drives Contribution and Connection, Yahoo has yet to come up with a system that fuels what their “competitors” already has; a social network that allows people to share, seamlessly.  There has been talks that Yahoo is in process of acquiring Tomfoolery to help build out the “missing link”.  Even wireless companies like T-Mobile (TMUS), has invested into Social Networking.  T-Mobile US CEO, John Legere announced its iM5, the “DO IT” Social Network, during CES 2014.

What do you think?  Other than the recent data breach that Yahoo just experienced, maybe adding Social Networking to their business model would give them the boost they need to be a strong contender in an already competitive environment?

By the way, want to get a kick of “feel good?” just make sure you share this.

~B.H.

 

Quote for Thought

RightPeople

If you are looking to take your business and/or personal life to the next level, this is something you may want to look at.

Do you have the right people on your team? 

This is something all great managers are consistently evaluating.  In “Good to Great”, Jim Collins wrote about getting the “right people on the bus. He also wrote about putting the right people in the right places. If you currently have strong team members, people who you feel possesses key characteristics that you are looking for, that can move your business to the next level, but they seem to be “going with the flow”, you’ve got to find a way to put them in a position that will challenge them to excel. This is where people placement is critical in management. After all that’s your job as a manager/leader. In fact, it is something that you must constantly do:

-Are you consistently evaluating your team?
-Identifying strengths and weaknesses?
-Evaluating your business?
-In the specific arena of time, who do you need to take your business to the next level?

Jim Collins pointed out a key area that Good to Great companies possesses:

-Disciplined People
-Disciplined Thought
-Disciplined Action

It all boils down to being DISCIPLINED at EVERYTHING that we do. Not only in the realm of the 3 points listed above but also, being disciplined in being SINCERE in our:

-Thoughts
-Plan
-People

Also, based on the “Fly Wheel concept in “Good to Great” it suggests a 5 Step Process to a “classic turnaround”:

Flywheel

Notice the cyclical motion…it keeps going and going. So, if you feel that your team or business seem to be on “Cruise Control” a good place to start to build momentum is an evaluation of the people on the team.  Yes, yes, you’ve heard this, you’ve done this.  If you have has it worked for you?  If it hasn’t worked for you, have you tried doing it differently with a stronger purpose behind the evaluation process?

Since we are in the 1st Quarter of the fiscal year, I would assume most managers have done this.  This is the best opportunity to apply this concept IF you haven’t done so already.

~B.H.

Quote for Thought

wpid-textgram_1388605186.png

Whether it be you our your company, what brand image are you portraying to the rest of the world? Personal Branding is so important. Have you thought about your personal brand?

If you are to put yourself in a package, why would anyone want to buy you? What does your targeted audience look like? What kind of message are you sending to attract your targeted demographic? Does the product uphold its integrity and authenticity? What about quality?

Remember, you are the package. You want a better job or career? You may want to go through and ask yourself the questions listed above. Once you figure out what you want the outcome of your package to look like, get to work to deliver the promises with raw data to back it up.

Let’s say you’ve thought about all of these things yet you can’t seem to sell your brand, maybe it’s time to go back to the drawing board and reinvent. It’s never too late and reinvention is cyclical. You can’t stop once you’ve started or else your brand will be left in the dust and fade away with time.

~B.H.

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