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Facebook now worth $200 billion - Sep. 9, 2014. Porter's Five Forces. The model of pure competition implies that risk-adjusted rates of return should be constant across firms and industries. However, numerous economic studies have affirmed that different industries can sustain different levels of profitability; part of this difference is explained by industry structure. Michael Porter provided a framework that models an industry as being influenced by five forces. The strategic business manager seeking to develop an edge over rival firms can use this model to better understand the industry context in which the firm operates.

I. Rivalry In the traditional economic model, competition among rival firms drives profits to zero. Economists measure rivalry by indicators of industry concentration. If rivalry among firms in an industry is low, the industry is considered to be disciplined. When a rival acts in a way that elicits a counter-response by other firms, rivalry intensifies. The intensity of rivalry is influenced by the following industry characteristics: V. How Personality Plays Into Leadership. You’ve heard it said of people (maybe even of you), "What a great personality! " Other times, personality is cast in a negative light, as in "That meeting was nothing but a personality contest. " So how important is personality to leadership effectiveness? The dictionary definition of personality is the collection of emotional and behavioral traits that characterize a person.

That is, your personality is how you present yourself to the world. It is how others see you. Is that important for leadership effectiveness? Some say you need to be an extrovert to be an effective leader. Extro! You are sociable and unreserved, you like people, you seek out opportunities to convey your message. Some years ago, when I was working in the oil industry, my team was negotiating with a customer while exiting a line of business. Not only did we gain agreement to end support, we also received liability waivers for all the existing installations. A few lessons can be learned from that example. Inside Out. What Is a Vision Statement - Examples - BusinessNewsDaily. Credit: Rawpixel.com/Shutterstock A carefully crafted vision statement is at the heart of every successful business.

This statement clearly and concisely communicates your business's overall goals, and can serve as a tool for strategic decision-making across the company. A vision statement can be as simple as a single sentence or can span a short paragraph. Regardless of the individual details and nuances, all effective vision statements define the core ideals that give a business shape and direction. These statements also provide a powerful way to motivate and guide employees, said Addam Marcotte, vice president of operations and organization development with executive coaching and organizational change firm FMG Leading. Why does this matter? Research shows that employees who find their company's vision meaningful have engagement levelsof 68 percent, which is 19 points above average. Before determining what your vision statement is going to be, you need to understand what it is not.

What Is a Vision Statement - Examples - BusinessNewsDaily. How to Write a Mission Statement in 5 Easy Steps. I’ve had a 30-year love-hate relationship with mission statements. I’ve read thousands. I love it when a mission statement defines a business so well that it feels like strategy—and that does happen—and I hate it when a mission statement is generic, stale, and completely useless. Your company’s mission statement is your opportunity to define the company’s goals, ethics, culture, and norms for decision-making. The best mission statements define a company’s goals in at least three dimensions: what the company does for its customers, what it does for its employees, and what it does for its owners. Some of the best mission statements also extend themselves to include fourth and fifth dimensions: what the company does for its community, and for the world.

The vast majority of the mission statements are just meaningless hype that could be used to describe any business in the category. People write them because some checklist or expert said they had to. Image: DILBERT © Scott Adams. Loading... 665 What Makes a Good Teacher? Folks: The posting below looks a some qualities that make a good teacher. It is from a list of ten such qualities appearing in Chapter 1:What Makes a Good Teacher? , by Peter C. Beidler in Inspiring Teaching, Carnegie Professors of the Year Speak, John K. Roth General Editor. Anker Publishing Company, Inc., Bolton, MA. Regards, Rick Reis reis@stanford.edu UP NEXT: Preparing Doctoral Students for Faculty Careers That Contribute to the Public Good Tomorrow's Teaching and Learning -------------------------------------------- 2,013 words ------------------------------------- In this essay I want to talk about ten of the qualities that make a good teacher. --------------------------------- NOTE: Abbreviated list chosen by Rick Reis. 1.

Good teachers try and try and try, and let students know they try. 2. They set themselves impossible goals, and then scramble to achieve them. We teachers have something called academic freedom. 4. For good teachers the day is never done. 7. 9. Forming, Storming, Norming, and Performing - From MindTools.com. Understanding the Stages of Team Formation Learn how to use Bruce Tuckman's simple model to help your new team become effective quickly. You can't expect a new team to perform well when it first comes together. Forming a team takes time, and members often go through recognizable stages as they change from being collections of strangers to united groups with common goals. Bruce Tuckman's Forming, Storming, Norming, and Performing model describes these stages. When you understand it, you can help your new team become effective more quickly. In this article, we'll look at how you can use this model to build a highly productive team.

About the Model Psychologist Bruce Tuckman first came up with the memorable phrase "forming, storming, norming, and performing" in his 1965 article, "Developmental Sequence in Small Groups. " Let's look at each stage in more detail. Forming In this stage, most team members are positive and polite. Storming Storming can also happen in other situations. Norming Performing. Management Theories & Concepts at the Workplace. How to Look for Emotional Intelligence on Your Team. Of all the ways to test for emotional intelligence, the marshmallow test might be my favorite. You put a child in a room, set one marshmallow in front of her and explain that, if she’s able to wait 10 minutes before eating it, she’ll get an extra marshmallow to enjoy.

Then you leave her alone. If the child can hold off, it means she has is able to self-regulate — a key component of emotional intelligence. And, as psychologist Walter Mischel has famously shown, this translates into long-term benefits. Of course, this test only works on small children; few adults would have trouble resisting the first marshmallow. So how do we assess emotional intelligence in working adults? First, understand what you should be measuring. At our firm, Egon Zehnder, we have identified six frequent EI-related competencies necessary for leadership success, based on our decades of experience evaluating executives and monitoring their performance.

Reference checks should be conducted in the same manner. Why Snapchat is worth $19 billion (or more) © Time Inc. All rights reserved. Fortune.com is a part of the Time.com network of sites. Powered by WordPress.com VIP Email address or Password is incorrect Forgot Password? Want the Full Story? Privacy Policy Thank you for your interest in licensing Fortune content. 1. ‘Social cohesion’ is not the answer to violence against immigrants in SA. SOME well-meaning people hope we can end violence against immigrants by working to ensure that we are all the same.

In reality, we can do it only if we respect the fact that we are different. A common response to the violence is to lament a lack of "social cohesion". While those who suggest this mean well, their remedy would almost certainly make immigrants’ lives here even more difficult. "Social cohesion" — a phrase much loved by South Africans, including the government, which held a conference to encourage it — started popping up in the writing of academics and policy people when immigrants began settling in the cities of Western Europe and North America.

Not only were many a different colour from most locals — they brought with them cultures and religions (such as Islam) with which those societies were not familiar. Locals became anxious that their fond image of their country as one inhabited only by people who looked and thought like them was under threat. Xenophobia poster. Emotional Intelligence Test. For decades, a lot of emphasis has been put on certain aspects of intelligence such as logical reasoning, math skills, spatial skills, understanding analogies, verbal skills etc. Researchers were puzzled by the fact that while IQ could predict to a significant degree academic performance and, to some degree, professional and personal success, there was something missing in the equation. Some of those with fabulous IQ scores were doing poorly in life; one could say that they were wasting their potential by thinking, behaving and communicating in a way that hindered their chances to succeed.

One of the major missing parts in the success equation is emotional intelligence, a concept made popular by the groundbreaking book by Daniel Goleman, which is based on years of research by numerous scientists such as Peter Salovey, John Meyer, Howard Gardner, Robert Sternberg and Jack Block, just to name a few. Read every statement carefully and indicate which option applies best to you. Welcome to Forbes. As the bestselling coauthor of Emotional Intelligence 2.0, I’m often asked to break down what emotional intelligence is and why it’s so important. Here goes… Emotional Intelligence Is the Other Kind of Smart.

When emotional intelligence first appeared to the masses in 1995, it served as the missing link in a peculiar finding: people with average IQs outperform those with the highest IQs 70% of the time. This anomaly threw a massive wrench into what many people had always assumed was the sole source of success—IQ. Decades of research now point to emotional intelligence as the critical factor that sets star performers apart from the rest of the pack. Emotional intelligence is the “something” in each of us that is a bit intangible. Personal competence is made up of your self-awareness and self-management skills, which focus more on you individually than on your interactions with other people. Emotional Intelligence, IQ, and Personality Are Different. Emotional Intelligence Can Be Developed. Welcome to Forbes.

DEA Chief Michele Leonhart Retires Over Handling of Colombia Sex Scandal. When Jacob Lemay invites you into his bedroom, he wants to give the full tour. He'll show you his books, the planets and stars on the wall, his bunk bed and the stuffed animals he's lined up all in a row. "This one is Chase, and that one is Zizzy," he says in the voice of a confident five-year-old. "And that one is Biscuit, and that one is Zarzo, and that one is Cheety, and that one is Snowflake, and that one is Fuzz. " Jacob is a happy, healthy, well-adjusted pre-schooler. He has two sisters — one older and one younger. But it wasn't always this way. NBC's National Correspondent Kate Snow shares Jacob's story on Nightly News, Part One of a special series on transgender kids. When Jacob was born, his name was Mia. Last year, when he was four, they made a decision: to let him live as he has always identified — as a boy. Courtesy of the Lemay family Gallery: Jacob's Life as a Transgender Child For those children, she and other pediatricians say, it can often be better to make a change sooner.

Robert Bates, Oklahoma Reserve Deputy, Pleads Not Guilty to Manslaughter. Robert Bates, Oklahoma Reserve Deputy, Pleads Not Guilty to Manslaughter Robert Bates, the Oklahoma reserve sheriff's deputy who says he mistook his gun for his Taser when he shot and killed a man earlier this month, pleaded not guilty on Tuesday to second-degree manslaughter. A judge set a hearing for July 2. The judge allowed Bates to take a previously planned vacation to the Bahamas. Bates did not address reporters as he entered and left court.

Bates, a 73-year-old retired insurance executive who volunteered with the sheriff's department in Tulsa, was providing backup during a sting on April 2. He shot and killed Eric Harris, who had allegedly tried to sell a gun to an undercover officer and then bolted. A lawyer for the Harris family, Dan Smolen, said he was not surprised that Bates had pleaded not guilty — but he was surprised about the vacation. "Whether intended or not, Mr. Bates told TODAY last week that shooting Harris was "No. 1 on my list of things in my life that I regret. " Test Your Creativity: 5 Classic Creative Challenges. Fascinated by how brains and creativity work, we frequently share new research on the 99U twitter feed, showing how everything from drinking alcohol, to taking vacations, to moving your eyes from side to side can make you more creative.

What’s particularly interesting, however, is that most of these studies rely on just a small group of core creativity tests – and you don’t need any special lab equipment to take them. Below, we’ve collected five of the most commonly used creativity challenges for your self-testing pleasure. While creativity “testing” is far from an exact science, trying your mettle at these challenges could yield insight into when, where, and how you’re most creative. Or maybe it’ll just be fun. 1. Alternative Uses Developed by J.P. Hold papers togetherCufflinksEarringsImitation mini-tromboneThing you use to push that emergency restart button on your routerKeeping headphones from getting tangled upBookmark The test measures divergent thinking across four sub-categories: 2.

12-year-old Morristown girl is a horse whisperer in training. Economic News. 2014_mediaguide_pbr-lores. Organizational Culture. Managing Employees News & Topics. What are Disney's Management Secrets? Sears And JC Penney: Bad Management Or Sign Of The Times?

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GM issues two new car recalls. Google Stock Gets Another "Buy" Sign with this New Deal - Money Morning - We Make Investing Profitable. Cristina Fernandez de Kirchner may face Argentina bomb probe. Google's Vint Cerf warns of 'digital Dark Age' Lindsay Lohan's community service questioned by prosecutor. Gun range's ban on Muslims draws fire. Boehner confirms lawsuit against Obama, defends Netanyahu invitation.