|
Executive Opinions
|
Why lazy co-workers are worse than you think |
|
|
|
|
Written by Kimberly Weisul
|
|
Tuesday, 05 July 2011 14:44 |
That old saying about one bad apple? When it comes to working in teams, it really is true. According to Benjamin Walker, a PhD candidate at the University of New South Wales’ Australian School of Business, the laziest member of a team actually has the greatest impact on its success or failure. Academics have long thought that teams performed at about the average skill level of each of its members. So, at work, having a particularly skilled person on your team would help the performance a bit, and having a particularly unskilled or even lazy person would bring the performance down a bit. That makes sense, but Walker’s study suggests it’s wrong. Walker first suspected this when he encountered a situation familiar to many of us. He and the other students were supposed to work in teams, and his team included, essentially, a freeloader: someone who did almost no work, but got the same grade as everyone else on the team. Then, when the team did relatively well, the freeloader did everything in his power to get assigned to the same team again. So Walker designed a study. He gave 158 students a test designed to see how conscientious and motivated they were, and then sorted them into 33 teams. Each team was given a case study to work on, and was told that each team member would receive the same grade based on how well they did. He found that “the person who contributes the least has a huge impact. Even if the rest of the team is pulling their weight, they won’t be able to compensate for that member.” In the end, that single lazy person ended up with the most responsibility for team failure or success. Walker also ran tests to see if recklessness affected team performance, but found that the group mentality overrode the few impulsive people–in a way that it couldn’t do with lazy folks. What do you do when faced with someone who just won’t pull their weight? SOURCENOTE: University of Pretoria’s Gordon Institute of Business Science; www.gibsreview.co.za Originally posted on BNet (28 June 2011) |
|
Last Updated on Tuesday, 05 July 2011 15:10 |
|
|
The Business Planning Paradox |
|
|
|
|
Written by Greg Fisher
|
|
Monday, 04 August 2008 15:11 |
Ralph Waldo Emerson said: “Few people have any next, they live from hand to mouth without a plan, and are always at the end of their line”.
In times of economic prosperity and a booming market, many businesses can survive and thrive even though they put very little energy into mapping out their future. However, in times of economic stagnation, business managers need to be a lot more certain about how they use their resources in order to generate return and ensure survival. Therefore, in times such as these, with high interest rates, a volatile oil price and general economic uncertainty it is critical for managers to invest some time in mapping out their future by engaging in some form of business planning. Business planning is one of the most discussed and debated topics within business books and magazines. Most books and magazines lay out the key steps for developing a business plan and highlight the contents of a business plan document but very seldom do they capture the inherent tension that any manager needs to deal with in the business planning process. Business planning is a process riddled with paradox and any manager leading this process, needs to be aware of the important trade offs and needs to manage those conflicts effectively. Managers need to manage the tension between focusing on the future and being effective in the present, between focusing on hard issues versus focusing on the soft issues, between being optimistic versus being realistic and between being focused on only one outcome versus allowing for alternative outcomes. This article will highlight the nuances embedded in some of the most powerful paradoxes embedded in the business planning process. |
|
Last Updated on Monday, 04 August 2008 15:31 |
|
Read more...
|
|
|
‘Have your cake and eat it, too,’ with an independent advisor |
|
|
An expert outside adviser can vastly increase your chances of success by cost-effectively extending your available skills base.
IF YOU HAVE IDENTIFIED weaknesses in specific skills, you must ensure that these are covered, as this could make the difference between the success or failure of your business. Having a group of external advisers to call on — early on — can help you get your business off on the right foot, and keep it there. You need to find a professional who is prepared to look forward with the business and explore the options. For example, a company can apply for a particular type of loan and be turned down, or they could work with the bank/accountant to determine the range of options on how a funding requirement could be met. ”With good information you can push the professionals to deliver more. This is where specialist support organisations and peer-to-peer business networks can help. |
|
Last Updated on Saturday, 31 May 2008 21:04 |
|
Read more...
|
|
|
Copyright © 2012 www.vandernest.biz. All Rights Reserved.
|
|
Organisations
IIB
Institute for Independent Business
IoD
Institute of Directors
Business Adviser
The international directory of independent consultancy firms
|