The World Business

Posts Tagged ‘leader’

Ever changed jobs? What’s your excuse? Salaries are low, there is no possibility of increasing career, moving residences, or other? Many reasons for someone to stop working. One of them big enough to make an employee decides to stop working is the boss.  A survey published in Colourful Lives Report by the Future Foundation, said 28 percent of workers decided to stop working and find a new place because they want to find someone who can motivate them with a better way.

More than 1 in 10 people who stopped working because of bad bosses, and even find a very different career. While 1 in 20 people decide to start your own business to avoid bad management.

Indeed, like what the hell according to these employees a good figure and the ideal boss? According to them, 83 percent said they should have the openness, a communicator reliable (82 percent), supportive (81 percent), a good leader (80 percent), and someone who respects the staff as distinct individuals (76 percent).  Management or a bad boss has adversely affected the company’s business. Because, when working under a bad boss, employees reported a loss of motivation (47 percent), reduced productivity (28 percent), and often ask permission to avoid labor pain (18 percent).

More than three-quarters of these workers (about 77 percent) think that their bosses do not make them feel attracted to exclude new ideas, or give it a chance to express themselves. Appreciate the ability of workers as individuals and embrace their creativity can make a difference in a very good and fruitful in good work.

Every small business owner starts out with the dream of watching his small business grow until it is no longer small. Every small business leader is looking for ways to make his small business more successful. But very few small business owners know what it takes to be successful in their ventures. Most small business owners are knowledgeable about one specific area of their business, but overall, may not understand how to effectively manage their small business venture. There are two key times when dynamic leadership of a small business is especially crucial: During significant downturns, and during explosive growth.

It seems obvious that a small business needs a dynamic leader during times of stress and struggle. This is especially true in today’s tough economic climate. When a small business is struggling, it needs a leader who can step in, identify the core problem, and implement a plan to correct it. Sometimes finding and implementing the solution to the small business challenge lies outside of the scope of its leader’s abilities or skill set. One of the most important traits of any small business leader is recognizing when he/she is in over their head, and seeking help from a third party expert in the field. Many small businesses have failed because the leader/owner failed to recognize the need to bring in outside resources to correct the core problem. Or worse, the small business leader thought they had identified the core issue, when in fact they were focusing on a symptom of the problem, rather than getting to the root or core cause. A dynamic leader in a small business will recognize when it is prudent and necessary to bring in outside counsel or professional advice to correctly identify core weaknesses or “fatal flaws”, and to create and implement a plan to correct the issue.

Less obvious is the need for dynamic leadership during times of explosive growth. It is ever small business owner’s dream to watch the company’s revenues triple year over year. However, most don’t pause to consider the potentially devastating effects of explosive growth to a small business. As company revenues increase, so do expenses and capital needs. If a small business does not have adequate sources for working capital in place, the small business will likely fail, despite rapidly rising sales. Furthermore, a small business infrastructure may not be adequate for explosive growth. Its personnel may not be adequate for the challenge, both in capacity and ability. Any small business should look to its leader to develop and implement a structured growth strategy. Without a solid growth strategy in place, explosive growth can be equally as devastating for a small business as is rapidly decreasing sales. A small business must look to its dynamic leader to guide it through times of rapid growth, and this leader must recognize within himself/herself their own abilities and capacities, and may need to seek expert help in structuring a sound strategic growth strategy.

In conclusion, it is the dream of every small business owner to watch his or her company grow. But uncontrolled and unstructured growth are equally devasting to a small business as is rapidly shrinking sales. A small business relies upon a dynamic leader to guide it through both times of prosperity, and times of struggle.

Employee motivation can be an easy task especially when the team leader demonstrates the appropriate disciplines. The simple disciplines encourage employee motivation to happen naturally. The wonders of “monkey see, monkey do” approach.

Motivation, whether it is self motivation or employee motivation, is the trigger to act. The factors involved to personally motivate and to inspire are not necessarily the factors that motivate all individuals or that lead to overall employee motivation.

No one can conjure up the means to motivate you, only you can discover the best methods in which to motivate yourself. Employee motivation comes from within the individual.

A good and well equipped team leader will demonstrate the appropriate behaviours and create an environment that accentuates employee motivation.

There are two types of self or employee motivation: External and Internal

External employee motivation comes from awards, bonuses, titles, promotions, money, etc. These are motivators commonly referred to as the hygiene factors. Unfortunately these external motivators do not last and are not a good source for employee motivation.

Let’s pretend we are a team and we had a great year. We decide to give everyone a $5,000 bonus. Everyone is happy and employee motivation is at an all time high.

A year goes by and the organization did not have such a great year and may be considering laying off some team members. Compared to the previous year, what will the employees expect in terms of a bonus and how will this impact employee motivation?

Certainly disappointment is eminent and employee motivation will flounder. In order to maintain the current employee motivation, the organization would be expected to offer the same bonus as or higher than the previous year.

This is not possible and decreases employee motivation. I draw your attention to the old donkey and carrot story. External employee motivation is never lasting.

Team leaders should focus on the alternative, internal employee motivation. Employee motivation, like success, grows from the inside out and not from the external to the internal.

In order to understand internal employee motivation you need to understand yourself and trust your abilities to carry you forward. This is a key factor in building employee motivation.

What do you want to be, to do or to have in life? Combine your dreams with passion and you will be self motivated. A solid foundation for employee motivation.

Internal or self motivators enable you to demonstrate all the appropriate behaviours. It is inevitable that a confident, hard-working team player, who recognizes the contributions of others and rewards them with acknowledgement, will pass on those behaviours. These positive behaviours will lead directly to employee motivation. As individuals, we reap what we sow.

As a team leader, if you are critical of yourself, you will be critical of others. This is not an acceptable contribution toward employee motivation. However, if you accept the abilities you bring to the table and recognize your achievements, you will be a good leader, a team player and allow your employees to do the job they were hired to do. Recognition for a job well done is strong employee motivation.

You may find it hard to believe but recognition is the most powerful employee motivation of all. Research has shown that there is a stronger need in society today for recognition than there is for sex and money. Now that says something about employee motivation.

Employee motivation is positive reinforcement. Positive reinforcement builds our self-esteem. Our self-esteem is depicted by the manner in which we see ourselves. We can either focus internally through our personal beliefs or externally by following the beliefs of others.

Employee motivation starts from within. Lead as you would like to be led. Allow the employee to do the job they have been entrusted to do. Give the employee the recognition for a job well done. Build a strong foundation of challenge, inspiration and trust. Employee motivation is an investment in people and in the company’s future.

Employee motivation equals better performance and a willingness to grow. The employee must earn the respect of others and trust their hard work will be acknowledged. These are the simple mechanics to building self-esteem and the key to success. Employee motivation is a giant step forward for any organization.

Let’s take a look at other forms of employee motivation. Be complimentary. All individuals strive to do better, to work harder and to learn more if they are complimented in front of their piers on a job well done. This form of employee motivation will in turn be passed on to others.

Employee motivation is focusing on individual strengths. Assign the employee a task he/she performs best. Employee motivation will be realized with enthusiasm and productivity.

Education is of the utmost importance with respect to employee motivation. Education comes in the form of regular team discussions, workshops and seminars. Employee motivation will be increased by sharing the ideas and visions for the future with them. They are enlightened by others striving to get ahead and to make a difference. Employee motivation takes a step forward toward accepting change and setting new goals.

Employee motivation should be exciting. It should bring on enthusiasm and energy. Employee motivation spells success if the foundation consists of encouragement, acknowledgement and enthusiasm. Employee motivation begins with You.

Employee motivation through recognition is positive reinforcement. Imagine the possibilities. The end result is happy, motivated achievers and a business operating with positive enforcements. The internal employee motivation creates the first wave to success and the external employee motivation follows in its wake.

In this work I will explore the importance of innovation and the creative endeavor in Asia that leads to entrepreneurship. We also discuss how entrepreneurship develops new ideas and, from heir ideas, establish new enterprises that add value to Asian society.

If creativity is the seed that inspires entrepreneurship, innovation is the process of entrepreneurship. Enterpreneurers are often thought to be “inspired” people, and perhaps they are, but more important, they often recognize changes and opportunities that can result from a dynamic world. Innovation is an important factor of entrepreneurship for every leader. It is defined as the process of doing new things. Therefore, it is often the active translation of a creative idea into a new product, service, or technology. Drukers writes that “innovation…is the means by which the entrepreneur either creates new wealth-producing resources or endows existing resources with enhanced potential for creating wealth.”

It looks worthwhile to explain difference between innovation and invention. Innovation is the process of doing new things. It is important to recognize that innovation implies action, not just creating new ideas. When people have passed through the illumination and verification stages of creativity, they may have become inventors.

The difference between inventors and innovators is that inventors are not limited to those who create new products. They include those who identify new technological processes, new forms of plant life, and new designs. Each of these indecently, can lead to new patents.

Nevertheless, for an idea to have value, it must be proven useful or be marketable, and to achieve either status, the idea must be developed. Innovation is the development process. It is the translation of an idea into an application. It requires persistence in analytically working out the details of product design or service, to develop marketing, obtain finances; the process includes obtaining materials and technical manufacturing capabilities, staffing operations, and establishing an organization.