When It Comes to Your Career, Numbers Matter

No matter where you are in your career journey, get in the habit of chronicling your achievements. It is critical that you show metrics associated with your work. Here are some reasons to make this a habit.

  1. Keeping up with your work makes the dreaded annual review process a snap.
  2. When you hit a low energy point and start to feel burn out creeping in, looking back over your accomplishments buoys the spirit.
  3. By keeping up with your accomplishments, you are keeping up with your resume.

In today’s turbulent business environment, it is in your best interest to keep your resume and your LinkedIn profile up to date.

This video is a great place to start.

Have ideas on ways to keep your resume fresh? Add to the comments below, we’d love to hear from you!

bh
09 July 2018


 

 

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Leaders Should Be Adept at Asking Questions

More great tips from David Marquet. I highly recommend David’s “Leadership Nudge” series.
bh 4/18/2018

Let’s talk about how we ask questions as leaders. Some questions are better than other questions. You don’t want to ask a question where your people will have to respond negatively: “Have you completed the project yet?” “Well, no but we’re almost done.” Instead, ask a question that they can respond positively to: “Have you […]

via Leadership Nudge™ – Let Them Say Yes! — David Marquet

The Time for Healthcare Leaders to Implement Lean Is Now – Stat!

This is a great article by Helen Zak from the Lean Enterprise Institute’s blog.

The Time for Healthcare Leaders to Implement Lean Is Now – Stat!

December 7, 2017

“A bad system will beat a good person every time.” These sage words from W. Edwards Deming, sum up what many healthcare leaders face on a daily basis: bad systems working directly against the ability to deliver quality outcomes for patients.

Click to read the entire post: The Time for Healthcare Leaders to Implement Lean Is Now – Stat!

I, Pencil, How Smart are We really?

 “I, Pencil: My Family Tree as Told to Leonard E. Read” originated as an essay by Leonard Read. First published in the December 1958 issue of The Freeman, it was reprinted in May 1996 and as a pamphlet entitled “I… Pencil” in May 1998. It can help us understand that we may not know as much as we think we know about anything, even the lowly pencil.

bh 2018-02-28

 

If Russ Ackoff had given a TED Talk

Understanding Dr. Ackoff’s 1994 thoughts on systems thinking are essential in 2017 and beyond

It seems we haven’t learned much from intellectual giants like Russ Ackoff and W. Edwards Deming. In this short video, Dr. Ackoff destroys our current understanding of how we manage companies and how we proport to educate students. His comments are pointed and topical even more than 20 years after they were made.

bh 11/30/2017

Price gouging, hoarding, and the economics of disaster.

My opinions have changed greatly on the topic of “price gouging.” Like most people, my first emotional response is to recoil at the idea of charging $3,000 today, for an portable electric generator that sold for $999 a few weeks ago.

The more I learn about these situations, the more I’m convinced that my original thinking is what Dr. Thomas Sowell calls, “Stage One Thinking.” Dr. Sowell is famous for asking the question, “and then what happens?” In the case of the generators, the current situation practically guarantees shortages of fuel, generators, water, bread, etc. Here’s how.

As soon as a storm approaches, people with sufficient money, rush out to fill their tanks with fuel, and their homes with bread and milk. They buy generators, chain saws, and bottled water. With the anti-price gouging laws in place, there is no disincentive for people to buy more than they would normally use. This quickly results in shortages.

Think about this example.

Let’s say I have a warehouse full of generators in Oklahoma City, about 450 miles away from the Houston. I really want to help. I’d like to take five tractor trailers filled with generators to Houston to sell. I don’t normally sell generators in Houston, because local sellers with lower transportation costs sell their generators for less, making this business unprofitable for me.

I figure out TODAY’S break-even price for each generator. I’m not looking to gouge anyone, but I also don’t expect my employees to work for free and I know the folks at the fuel depot expect to be paid as well.

The price I come up with is well above the price that would be considered gouging. Since I can’t afford to ruin my business to help the folks in Houston, I stay home. I am sad for the folks inside the tragedy for two reasons. I know I have a warehouse filled with generators that people need, and I know that, as a result of well meaning price-gouging laws, people will be worse off because I can’t sell my generators to them.

I’ll ask this question again. How should our society allocate scarce resources that have alternative uses?

I’ve tacked a couple of links below to get the deep thinking started.

bh 2017-09-07


Economists don’t think price gouging is a problem. But what about our social values? (from Marketplace.org)

Charging flood victims $30 for a case of water or $10 for a gallon of gas doesn’t sit right.
And a majority of states, including Texas, have laws against price gouging. The state attorney general has threatened to prosecute people who jack up their prices in the wake of the flooding caused by Harvey. He said his office has received hundreds of reports of profiteering.

But most economists think those high prices can actually benefit communities during a crisis. Sky-high prices are the market at work, the basic laws of supply and demand in action.

“Price gouging laws stand in the way of the normal workings of competitive markets,” explained Michael Salinger, an economics professor at Boston University and former director of the Bureau of Economics at the Federal Trade Commission.
(read the full article)

Image of people lined up to buy storm supplies.
Thoughts on how to allocate scarce resources.

Source: Economists don’t think price gouging is a problem. But what about our social values?
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