Those three letters have a certain ring to them, don’t they? MBA. That’s because the Master of Business Administration, as it’s otherwise known, is one of the most highly regarded and comprehensive postgraduate programs available today. When we hear those three letters, we might picture jet-setting executives on multi-million dollar salaries, but we don’t picture ourselves. Why is that?
The pace of change in the world can be dizzying. Particularly when we consider the effects that digital technologies are having on the world of work. While we might be vaguely aware that big changes are coming, it can be difficult to fully grasp the challenges so we can begin preparing for an uncertain future.
How do you feel when someone says thank you? Whether it be for our efforts, or achievements, most people appreciate being told they are appreciated. Assuming sincerity in its delivery, a simple ‘thank you’ can go a long way to making people feel valued and respected. According to Aon Hewitt’s 2012 Trends in Global Employee Engagement report, 90% of employees agree recognition is a key driver of their engagement.
Warren Buffet famously said “The difference between successful people and very successful people is that very successful people say ‘no’ to almost everything.” That’s fine if you’re considered the world’s most shrewd and successful investor, but what does that mean for us mere mortals? If we start swanning around the office, saying no to any request that comes our way, we’ll quickly become very unpopular.
Finding the right talent is essential to business growth. However, locating an individual with ambition, skills, engagement, and a penchant for fitting the company culture doesn’t just happen. Recruiting, retaining, and developing the right people for positions occurs with stellar planning and strategy development.
The post-war economy was a comparatively wonderful place. As a business, all you had to do was identify the core competencies of your organisation and aim to make those as efficient as possible in order to exploit your comparative advantage. Just set your direction, keep a firm hand on the wheel, and you’d slowly but surely grow your market and increase your margins.
There once was a time when all you needed to do to shoot up the ranks was stick around. Loyal service was rewarded with occasional pay rises, and on the job experience was more than enough for an eventual promotion. All you had to do was show up, do the work, and you were on the escalator to the top.