What is the Gig Economy? What are the risks to our quality of life?

23 October 2019

What is the Gig Economy? What are the risks to our quality of life?

A gig economy is an environment in which temporary positions are common and organizations contract with independent workers for short-term engagements. The trend toward a gig economy has begun. A study by Intuit predicted that by 2020, 40 percent of American workers would be independent contractors.

On-demand jobs offer companies all the benefits of employees without any of the costs of paying benefits for them, are just the best work that desperate people can find.

How to evaluate your coach?

15 October 2019

How to evaluate your coach?

A coach is not a consultant. They will not do the work for you. They are there to keep you focused on the end result and remind you why achieving your goals is essential. Coaches motivate you to keep your commitments and act as a sounding board and, when needed, hold a mirror in front of you, highlighting your business and personal blind spots.

These are some critical questions you can ask yourself to evaluate your coaching relationship overall.

A critical component of business coaching is accountability.

Will AI takeover the world? Exploring the Skynet Fallacy

02 October 2019

Will AI takeover the world? Exploring the Skynet Fallacy

There is a fear among many people that AI Systems will become so much smarter than humans, take all of our jobs, and humans may even lose their dominance at the top of the food chain.

Their worry seems to originate from experts who are asking themselves the same question— e.g. Elon Musk, Max Tegmark, Sam Harris, and Bill Gates.

Underlying the scenario of an AI world takeover are five misconceptions that are not based in clear evidence.

By the end of the century, AI will touch and remake everything in our lives.

AI is Eliminating Middle Management and Changing the way Corporations are Organized

21 September 2019

AI is Eliminating Middle Management and Changing the way Corporations are Organized
If you’re a middle manager, you aren’t doomed to early retirement or an imminent layoff. However, you must be prepared to make two crucial investments. Middle management were invented to bridge this gap and make sure that information and projects were flowing from the execution level (rank-and-files) to the leaders (executives) and money was being made along the process curve.
 

The End of the Middle Manager-- What does this mean for you? If you’re a middle manager now, you aren’t doomed to early retirement. But you must be prepared to make two crucial investments.

Maintaining the tricky balance between outsourced and in-house

11 September 2019

Maintaining the tricky balance between outsourced and in-house

He revealed a simple test he uses to decide what goes out and what stays in: “The basic premise I work with is to ask ‘are we bringing additional value to our shareholders and to our bottom line by doing this ourselves’? And if the answer to the question is yes, it is something we should be doing. If the answer is no then we have got to be looking at alternative ways of doing it.”

Worley Parsons CIO Brian Adams was halfway through a process of sending commodity IT services to an external provider, and the resources contractor struggles to keep up with a downturn in the market.

How Innovation Succeeds

20 August 2019

How Innovation Succeeds

There is widespread agreement about the cultural attributes that inhibit innovation.

  1. A bureaucratic, hierarchical, and fearful environment.
  2. Such cultures often starve innovation of resources and use incentives intended to promote short-term performance and an intolerance of failure.
  3. Only 28 percent of the senior executives in the survey said that they are more likely to focus on the risks of innovation than on the opportunities, but only 38 percent said that they actively learn from innovation failures and encourage the organization to do so as well.
  4. Even more alarmingly, only 23 percent of the employees believe that their organizations encourage them to learn from failure.

To make a corporate culture friendlier to innovation, managers must acquire new skills to engage and lead the employees.

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