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Case of the Month
Strategic Innovation
Biases in Estimating- Probabilities
Presenting Ideas

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January 2004

Vol 3 Issue 1

Dear Friends
Wishing you a very happy and progressive year. Every new years eve I try to think of a glorious resolution, so that I can brag to my friends as to the magnanimity of my goals in comparison to their insignificant targets of doubling their salary or buying a house or giving up smoking etc. etc. When I take stock at the end of the year I am lagging far behind in my well-articulated but meaningless principles.

Why do resolutions have to be set once a year, why not every month, every week or some mini resolutions every day. “My resolution for today is staying positive the whole day and building the self-esteem of my team members through active encouragement and appreciation” You think this is easy? Try it!! and catch yourself failing several times…

We have to remember one basic fact about human mind, which is its sole concern to keep us humans away from pain. which means that every time even a little bit of discomfort comes our way it tells us to take the easier route. That’s why excuses come to our mind so easily along with the justification of these excuses. Why am I sitting here watching television while I could be exercising to release my stress or reading a good spiritual book to enrich my life and my soul or spending quality time with my family free from judgments and accusations.

Well! friends time is running out. 2004 is here within our grasp. Why don’t we make a wish list of all the things we want to do in life. Just like a child start writing; anything that comes to mind, rational or irrational. It is a great fun exercise, in-fact, encourage your family members to make their lists too. A dear friend of mine has a wish list of 132 items and he has already accomplished 42 out of that list within 3 years.

Why put off things? Why not start now. Mark Twain once said "Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover."

Wishing all our friends a challenging and exhilarating 2004.

Look forward to your comments/ suggestions.


Zaufyshan Haseeb Intek Solutions and The Intek Family
 

 Idea of the Month: Leisure Time

Did you know that most people underestimate the amount of leisure time they have?
And what is worse, the same study shows that 40% of leisure time gets lost by watching TV!
We have some suggestions for you:

(1) Grow yourself a leisure tree:
people seem to forget what they want to do. Take a piece of paper and cluster your ideas for leisure activities on it so you'll remember. You might want to group them as follows: (a) activities that turned me on in the past, (b) activities that turn me on today, (c) new activities I have thought of doing and (d) activities that will get me physically fit. You should get at least 50 idea's on your page. Success!

(2) Move to "active TV watching"
Find yourself new ways of spending hours in front of your TV so that you make better use of your leisure time.
(one solution: make sure your TV isn't plugged in, while you pursue more rewarding activities in front of it!)

 

Case of the Month:
Negotiations - Reaching a Win-Win

Several books discussing negotiation skills all point in the same direction:
it's empathy that is making the difference!

  • Now what is empathy? Let's start by saying what it is NOT.

  • It is not trying to match the other person during communication and/or giving the impression that you agree with him

  • It is not trying to use your own thinking process: "what would I do if I were ...

To read more, click here

 

Does Your Organization Practice
Strategic Innovation?
(article)

Innovation", like "quality," has become an overused, catchall buzzword of the 90’s. In most cases, the word is used to mean "we're trying something new" or "we're trying to take our thinking out of the box.” Although this widespread spirit of experimentation is laudable, the meaning of innovation has, unfortunately, become diluted and, in many cases, meaningless, as a result.

A scan of annual reports from the Fortune 100 companies provides an interesting perspective on this. While virtually all of these organizations extol their commitment to "innovation" and creative pursuit of "new opportunities," only 19 managed to produce revenue gains in excess of 15 percent and only 14 in excess of 20 percent. In fact, 50% of the Fortune 100 experienced losses or revenue gains of less than 5 percent. So, despite a nearly universal commitment to innovation, it appears that only a few companies are doing it right.

To read more, click here

 

Biases in Estimating Probabilities  (article)

In making rough probability judgments, people commonly depend upon one of several simplified rules of thumb that greatly ease the burden of decision. Using the "availability" rule, people judge the probability of an event by the ease with which they can imagine relevant instances of similar events or the number of such events that they can easily remember. With the "anchoring" strategy, people pick some natural starting point for a first approximation and then adjust this figure based on the results of additional information or analysis. Typically, they do not adjust the initial judgment enough.

 

Expressions of probability, such as possible and probable, are a common source of ambiguity that make it easier for a reader to interpret a report as consistent with the reader's own preconceptions. The probability of a scenario is ...


To read more, click here

 

 Presenting Ideas to Skeptical People  (article)

You have put considerable time into preparing your presentation. You want to make sure that your audience both understands your main points and comes to the right conclusions. How do you get them up to speed quickly, especially when you can predict that there will be some conscientious objectors in the group?

Having worked in Europe for many years as a trainer, I had a chance to see different cultures and their presenting styles, as well as gaining an understanding of Canadian and American styles by comparison. North Americans often start with an anecdote and then launch into their content, as if the story will have ...

 

To read more, click here
 

 HR Issues - VIII
Probationary vs. Introductory Periods
(article)

Historically the first 90-days of employment have been called the "probationary period," but this is a dangerous misnomer. First, why a misnomer?

Yes, new employees are under scrutiny, but they are not really on probation. Probationary periods should be imposed after the individual has failed to perform and is, therefore, "placed on probation." The new employee needs ...


To read more, click here.



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Editor-in-Chief: Zaufyshan Haseeb