Wednesday, June 17, 2009

business-genetics Every human being is unique. Just like no two snowflakes are identical , no two people are alike. Each of us has a multitude of traits. These traits are polygenic (affected by many genes) as well as multifactorial (influenced by many factors). Thus, each of us is a product of the unique combination of genes we inherit from our parents and our unique experiences. In addition, according to epigenetic theory, our genes interact with the environment. This explains why in a set of identical twins, one may develop schizophrenia and the other may not. Let's say a set of identical twins inherited a susceptibility to schizophrenia. In adulthood, one of these twins becomes a police officer in Detroit. The second twin runs a bed and breakfast (B & B) in Vermont. Guess which one is more likely to develop symptoms of schizophrenia? If you guessed the police officer, you are correct. Environmental stress is often a precipitating factor in mental illness. Assuming that working as a police officer in Detroit is much more stressful than running a B & B in Vermont, it is logical to assume that the twin working as a police officer is more likely to develop symptoms of schizophrenia, even though both twins have the same genetic predisposition.

Genome refers to the full set of genes that serve as the instructions to make an individual member of a certain species. For years an international group of scientists working on the Human Genome Project sought to map the human genome. The effort was completed in 2001 but their analysis continues. These researchers have found that humans have about 25,000 genes and that 99% of these are present in other creatures as well.

Just as physical scientists have mapped the human genome, organizational scientists have mapped the genetic code for business growth and success. Genetic codes provide the means by which organisms can grow successfully in their environments. An organism's genetic code is the key to its life and this code is stored in its DNA (deoxyribonucleic acid). In a study published in the SA Journal of Human Resource Management, J. H. Vermeulen and colleagues used qualitative and quantitative data to identify a genetic code for business. Vermeulen and his team argue that a genetic business code can be developed and serve as a crucial enabler of business growth and success. Their study revealed that the code is composed of three strands: a Leadership Strand, Organizational Architecture Strand, and an Internal Orientation Strand.

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posted on Wednesday, June 17, 2009 9:12:21 AM (Central Standard Time, UTC-06:00)  #    Comments
 Wednesday, June 03, 2009

building-a-business Several years ago my spouse and I built our second new home. It is a process that we greatly enjoy in spite of the fact that it can be more than a little stressful. When building a new home there are a lot of decisions to be made. These decisions include selecting a builder, a floor plan, the type of exterior you want (brick, siding, stucco, for example), selecting your flooring, fixtures, and lighting, and on and on it goes. Some people prefer to buy an existing home because they find this plethora of decisions overwhelming. However, my spouse and I prefer making these decisions ourselves so that we can get exactly what we want and so we can watch our empty lot be transformed into a home.

One of the advantages to building your own home is that you can directly and easily observe the quality going into it. Our first area of concern is the foundation. After our foundation is poured we look at it to assess whether it looks level and is free of any defects. We all know that a good foundation is critical. Without it, the quality of the rest of the construction can be irrelevant. Once we have a good foundation in place, we continue to monitor the construction. We take note of the quality of the materials being used as well as quality of the framing job, plumbing, drywall, etc. Once the construction is completed and the buyers move into the house, the builder's job is finished but the homeowner's job is really just beginning because the house has to be maintained.

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posted on Wednesday, June 03, 2009 9:07:51 AM (Central Standard Time, UTC-06:00)  #    Comments
 Monday, April 20, 2009

many_hatsI wear multiple 'hats'. I am an organizational consultant, a professor, and a student working on a second Ph.D. As I am writing this paper it is a special month for me as a professor and a student. It is the time of year when universities typically have their recognition ceremonies, honoring their students who have excelled in academics and community service. I am doubly honored to be able to see some of my own students receive recognition this month and to be receiving awards myself. Both experiences are the result of hard work and sacrifice.

The students who are recognized by their universities with special certificates and invitations to honor societies are certainly a minority of the student population. Why is that? Some may attribute it to lack of motivation or even a lack of ability. Certainly these are factors. However, I think for many the problem is lack of knowledge; knowledge of how to succeed. Many students simply do not know the steps to follow in order to succeed in the academic environment. Without this knowledge, most students' performance will be mediocre at best.

Numerous students have asked me how to succeed in their classes. This is a question I can easily answer. The path to academic success is not a secret. The same holds true for business. As an organizational consultant I have often been asked: "How do I take my company to the 'Best in Class' level?". Once again, this is a question I can answer. The path to business success is not a secret. In fact, I can answer the question with just one word...

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posted on Monday, April 20, 2009 10:56:35 AM (Central Standard Time, UTC-06:00)  #    Comments
 Wednesday, February 18, 2009

business-caution I grew up in a cold climate in the northern United States. Winter consisted of months of grey days, freezing temperatures, snow, and ice. I learned to drive in snowy and icy conditions. My parents were cognizant of the importance of teaching me what to do if my vehicle began to slide on the ice and how to regain control. They taught me to be cautious whenever the weather conditions were untenable. Thus, I was well prepared to drive in threatening conditions and always proceeded carefully in order to avoid an accident.

Unfortunately, we are not always aware when threatening conditions exist. One example of a hidden threat on the roads during the winter season is black ice; a transparent layer of ice that freezes with few, if any, air bubbles trapped inside making it virtually invisible. Its’ imperceptibility has caused many accidents because unsuspecting drivers proceeded to drive on it with a "business as usual" approach, often with disastrous results.

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posted on Wednesday, February 18, 2009 10:08:41 AM (Central Standard Time, UTC-06:00)  #    Comments
 Monday, January 26, 2009

snow-bush I live in an area of the country that compared to some regions, experiences fairly mild winters. Our winters are mild, not nonexistent. We experience below freezing temperatures and lawns, trees, and other outdoor plants go dormant. I happen to love roses and enjoy the long blooming season here. My roses usually begin blooming in March and continue to bloom until early December. As I am writing this paper it is winter. The thermometer has already dipped below the freezing mark and all plant life is dormant...almost. Recently I was in my yard and I happened to glance at one of my rose bushes expecting to see nothing but dead leaves and spent blooms. Instead, much to my surprise, I saw life...several clusters of tiny new leaves were growing on that rose bush...in the winter! That rose bush has overcome the odds. In spite of cold temperatures and a lack of any attention from me, it is growing.

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posted on Monday, January 26, 2009 3:56:00 PM (Central Standard Time, UTC-06:00)  #    Comments
 Friday, January 09, 2009

question_mark3a How are you today? This seems like such a simple question; one that we have all answered thousands of times. But have you ever thought about how you are able to answer this question? When we answer the question "How are you today?" we rely on information stored in our memory about how we were yesterday, last week, and perhaps, even last month or last year. We compare how we were in the past with how we perceive ourselves in the present and we answer the question to a large degree by making this comparison. Thus, if someone were to ask me how I am today and last week I had the flu, I might say "I'm still a little weak but I am doing better."

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posted on Friday, January 09, 2009 9:29:08 AM (Central Standard Time, UTC-06:00)  #    Comments
 Friday, November 21, 2008

recommend Recently there has been a lot of talk in the business community about Net Promoter which, according to the official website for the product is "a discipline by which companies profitably grow by focusing on their customers." The Net Promoter is the subject of a book titled The Ultimate Question by Frederick F. Reichheld. In this book, Reichheld claims that the ultimate question for businesses to ask their customers is "would you recommend us to a friend/relative?" He also purports that if you ask this "ultimate question" in a regular, systematic, and timely fashion, and then track and publicize the answers and put the information to work right away, you will be on "the only path to prosperity and true growth."

So, should you use Net Promoter? Is it the answer to business success? Is it a revolutionary tool or just a fad? To answer these questions, let's start with the "ultimate question." Reichheld states that all we need to ask our customers is whether or not they would recommend us to a friend or relative. I will agree that this is a good and important question. Getting customers to recommend us to others is a great, inexpensive way to build our businesses. People tend to trust recommendations from friends and family more than information they obtain from advertisements. However, the issue is not whether "Would you recommend us?" is a good question, the issue is "Is it the only question we need to ask?"

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posted on Friday, November 21, 2008 2:22:49 PM (Central Standard Time, UTC-06:00)  #    Comments
 Thursday, November 13, 2008

 

Untitled-1 Have you ever worn a “one size fits all” garment? Perhaps you have and know from personal experience that they do not really “fit” all. Or perhaps you have avoided such garments all together because you knew they would not provide the kind of fit you prefer. For some individuals such garments merely hang on them with what seems to be yards of excess fabric, making the occupant look lost. For others such garments are too tight and do not provide adequate room for movement. I assume this is why some have modified these tags to say “one size fits most.”

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posted on Thursday, November 13, 2008 10:30:33 AM (Central Standard Time, UTC-06:00)  #    Comments
 Tuesday, September 23, 2008

business_gps Have you ever been lost or unsure of which direction to take? In today's technologically savvy world, we are less likely to find ourselves in this situation. We have cellular phones on which we can call and ask for directions or log on to the Internet and look up our destination on a map. Many vehicles are now equipped with a Global Positioning System (GPS) that takes the guesswork out of finding our destination. We simply enter the address of the place we want to go and follow the verbal prompts of the computer. If we fail to obey the prompts, the system will announce "recalculating" and begin to give us new directions. The only way it could get any easier is if the GPS would drive the vehicle for us.

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posted on Tuesday, September 23, 2008 1:16:34 PM (Central Standard Time, UTC-06:00)  #    Comments
 Tuesday, August 26, 2008

high_temperature Most of us do not take our temperature on a regular basis and in fact, some people never take their temperature. Why would we? We just assume that if we are feeling fine that our temperature must be within the normal range. Although we may not feel the need to monitor our temperature, it is one of the first measurements taken during a visit to the doctor. Why? Because an abnormal reading is a quick indicator that something is wrong. This is true for humans and for their pets. Recently, for example, I noticed some changes in my cat. First, she lost some weight. This seemed like a good thing to me since, like many indoor cats, she was overweight anyway. Then I began to notice she was meowing more loudly and frequently. Well, she has always seemed fond of the sound of her own voice so… But then she lost more weight and our family decided a trip to the veterinarian was a good idea.

What do you think was the first thing the doctor’s office did to my cat? That’s right, they took her temperature. Immediately they knew something was wrong as it was quite a bit higher than normal for a cat. The doctor soon discovered that my cat had an infection.

At this point you may be wondering “what does this have to do with my company?” A lot. Just like I want my pet to be healthy, we all want our companies to be healthy. But in determining whether our companies are healthy we don’t always gather enough information or focus on the right information. I initially made this mistake with my cat. I thought, “She doesn’t act sick.” She was still grooming herself and demanding a lot of attention. But I was focusing on the wrong information. I did not take notice of the fact that she was shedding a lot more than usual, for example. In like fashion, we may focus on our companies profits for the last three or four quarters but not look at other indicators of business health. Peter F. Drucker, in his book Management Challenges for the 21st Century, stated that success “comes to those who know themselves - their strengths, their values, and how they best perform.” This is true for both individuals and companies.

posted on Tuesday, August 26, 2008 10:13:23 AM (Central Standard Time, UTC-06:00)  #    Comments