Why the Digital Age Demands Decision Makers to be Like Elite Marines and Zen Monks
February 7, 2025
Bankruptcy is one of the natural states which a company may find itself in. Entrepreneurship is primarily about taking risks. When companies take risks, some of them succeed, whereas others fail. Hence failure is a natural part of the business. However, many critics of bankruptcy laws believe that there isn’t a need for an elaborate […]
What is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]
How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]
Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]
In the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]
Having goals or a clear purpose is important to each of us. In fact, people who set goals are always more successful than the others.
For leaders who are serious about setting goals, some things are to be kept in mind. These goals need to be Specific, Measurable, Attainable, Realistic, and with Timelines. Besides, for any organization, goals should also be expressed positively. And for a team, goals need to be personalized for each member of the team. All these goals should be put in writing, where you as well as the team can see them often.
Once you sit down with your team and set some goals, it can be very useful to develop some kind of action plan for accomplishing that goal.
The ability to really listen is a highly important skill. Each team member has to have it. Listening lets you understand what the other person is saying. Besides, it shows the other person that you’re interested in what he/she has to say. But all of us experience common listening problems.
We tend to let our attention wander. Our mind drifts away. We start thinking about the time, or other tasks at hand. This way we lose our concentration.
We miss the real point of what is being said. We may end up focusing on the personality of the speaker. Else we may let our judgment of the person based on past experiences come in the way. Or, we may be trying hard to look for hidden messages and lose out on the crux of the conversation.
Our emotions interfere with our judgment. This takes away our focus from what is being said. Our judgment of the person interferes with our understanding of what is being said.
We tend to interrupt and step on the statements of others. This way we don’t listen to what is being said. Besides, there is a tendency to think ahead to what we want to say next and miss out on what’s being said right now. It is important to use the steps of active listening in order to be a good listener.
There are many facets of building an effective team. Having an informal atmosphere as well as listening skills are some of them.
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