How to Use Your Privilege for Better Business

We all have privileges

If you are reading this now, you are privileged in many ways. Some of these advantages you have been born with, while others you fought to receive. Some, as we are reminded by today’s “Strike for Black Lives,” have been won through collective action. 

While I am a minority, I understand I have privileges that Black people don’t. In 1965, an Immigration Act was passed that enabled Indian Americans, especially those with specialized professional skills, to enter into this country. If you were proficient, smart, and skilled, America welcomed you–a starkly different invitation compared to how Black slaves were brought into the country.

Yet, when 9/11 occurred, I sat in my middle school classroom suddenly wanting more than anything to be White. While we watched the news blaring from the TV, I didn’t want any of my classmates to turn around and see

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Major Benefits of Continuous Feedback

Continuous feedback enhances employee experience in an organization, which is vital in this experience economy. As per a Harvard Business Review article, continuous feedback was born when a company named Colorcon, in 2002, switched from an annual feedback system to an instant feedback process. The modern performance management system that leverages technology emphasizes on the benefits of continuous feedback methods and encourages the users to use it frequently in their work.

Here are 4 benefits of continuous feedback.

Thus, implement continuous feedback in your organization to reap its complete benefits.

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Five Practices to Help You Avoid and Bounce Back From Crashes

One of the characteristics that every good investor looks for in an aspiring entrepreneur is resilience, or the ability to learn from and bounce back after a failure.

You don’t have to have previous startup problems to show resilience – everyone should have a story of tackling a tough challenge with minimal success, but using the failure to move on and achieve an objective.

With startups, almost every entrepreneur I know has failed at least once, often several times, but never gave up, and ultimately achieved their goal. Evan Williams, for example, before co-founding Twitter, started a podcasting platform named Odeo. The platform couldn’t compete with Apple’s podcast section of iTunes, so he recast his efforts into microblogging, and the rest is history.

The challenge is how you can enhance your own ability to bounce back, and highlight that attribute to your team and outside constituents, including investors

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The Change Maestro’s Management Tip – When choosing a project to be undertaken, choose those that are leaning toward alignment with the corporate goals and mission

Your organization is presented with a problem, large or small, that is threatening to disrupt your process flow and the needs of your customer so how do you select the route forward/

First after selecting the makeup of the cross functional team members you need to review where you stand as an organization. Your empowered management has equipped you with a set of strategies, values, missions and goals. These are established based on the voice of the human capital assets.

However, there is a more critical factor in the selection of of project. Everything you do to resolve the problem must be aligned with those things you got from the empowered management. If you change the corporate culture and operating procedures because of the creation of the new normal you must realign them with the total organization.

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Companies Should Learn Elon Musk’s ‘Chain of Command’ Rule

Elon Musk has had plenty to share with business owners over the years, and he’s spent plenty of time thinking outside the box. But a comment he made a couple of years ago in a letter to employees may be one more business leaders should consider in a world disrupted by the coronavirus pandemic.

“Communication should travel via the shortest path necessary to get the job done, not through the ‘chain of command,'” Musk wrote to his employees in 2018. “Any manager who attempts to enforce chain of command communication will soon find themselves working elsewhere.”

Musk went on to say that “a major source of issues” in companies come when communication doesn’t flow freely. As he told his Tesla employees, it “must be OK for people to talk directly and just make the right thing happen.”

Two years later, the world looks decidedly different for most companies.

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