Blockchains in Management
Bitcoin's landing page: https://bitcoin.org/en/
The original application of the blockchain. You can find there the white paper by "Satoshi Nakamoto," whom some believe is a nom de plume for a group of people who wanted to suggest a solution to "the double spend problem." They did find a solution that offers exciting possibilities!
Cryptonews: https://cryptonews.com/
All you might be interested to know about cryptocurrencies!
What is a Blockchain? https://opensource.com/article/18/7/bitcoin-blockchain-and-open-source
A very understandable and concise summary about blockchains and open source (free) software!
Let me know if you find an interesting article related to how blockchains are / might be used for Management purposes!
Customers Help Transformational Managers Energize Employees
* I am grateful to Dr. Matt Gilley, Founder and CEO of BusinessMinded.com, who allowed me to post this summary I wrote (as a "beta test") for his company. If you enjoy it, I am positive that you will want to sign up for their week-long free trial!!
Key Points:
• Transformational or inspiring leaders that incorporate employee contact with customers improve their organization’s effectiveness.
• When followers perceive that their work has a positive impact on society, the association between contact with beneficiaries and supervisor ratings of performance strengthens.
• Giving employees information about how their work impacts its beneficiaries improves the motivational effectiveness of transformational leaders.
Overview:
Transformational leaders inspire their employees through sharing their vision, confidence, optimism, core values and ideals. When their employees have direct contact with others who ultimately benefit from their work, managers’ efforts to motivate their workforce are amplified. Employee perceptions of how their work improves society strengthen this relationship.
What the Research Shows:
Two studies published in the Academy of Management Journal by Adam Grant, a researcher from the University of Pennsylvania, show that transformational leaders’ words and actions motivate their employees more strongly when the latter have contact with customers. In a naturally occurring experiment, Grant obtained sales performance of 71 new hires at a call center selling software to nonprofit organizations. Both number of sales and revenue after seven weeks differed significantly, but only for employees exposed to both a speech by a senior director and another speech by a beneficiary of their sales; employees that heard only one speech or none showed lower sales, not different from each other.
The second study included survey data from 329 employees and their leaders in a wide range of jobs from a government organization. Grant measured several job characteristics such as employee empowerment, relationship quality, task significance, etc., using well-accepted measures. Only when employee contact with their work beneficiaries and their leaders’ transformational style were high, did managers’ performance ratings show a significant, positive difference. Perceptions of the benefit work has on society were also higher for employees who reported working for more transformational leaders, especially if they had high contact with customers.
Why this Matters:
These two studies help managers who prefer using a transformational leadership style magnify their effectiveness as motivators for their employees (transformational leaders are those who offer a vision for the future of their organization, foster team spirit, confidence and optimism, and are explicit in identifying values and ideals for their groups). Connecting employees with individuals who ultimately benefit from their actions has a powerful effect in their performance that can be detected in measurable quantities. Top managers may receive unsolicited “Thank you” letters from customers, but the urge to share those notes with the employees that earned the acknowledgement is not always there!
Organizations that actively seek customers’ feedback are in a position to profit greatly from distributing their positive findings with line and all other employees. For example, Deere & Company and Medtronic are among the companies that welcome contact between customers and employees in an effort to foster these human connections that show such a powerful influence in their managers’ efforts. The Marriott and Hilton hotel brands also have campaigns to “catch employees doing their best” by inviting guests to provide feedback that identifies star employees by name. If your organization has one such program, ensuring that all employees—not just the best ones—receive final customers’ positive comments as directly as possible might be an inexpensive way to increase productivity and make managers’ work more effective.
These initiatives amplify transformational leaders’ efforts to a higher extent than other types of leaders that were not part of the studies (for example, some leaders are highly task oriented, with no concern for individuals’ feelings or preferences). Still, some workers might be sensitive to these interactions with customers even when their managers have other leadership styles; sharing information about how the organization’s products or services impact people’s lives may increase productivity by means of higher motivation in all kinds and levels of employees.
Use this Today:
Giving employees opportunities to connect with customers, whether internal or external to the organization, can motivate them in measurable ways, particularly when their managers have a transformational style. This should be considered a motivational tool of the highest strategic level.
Related Links:
The Evolution of Employee Opinion Surveys: The Voice of Employee as a Strategic Business Management Tool :: http://www.shrm.org/Research/Articles/Pages/TheEvolutionof.aspx
How to Make the Most of Customer Feedback :: http://www.inc.com/guides/2010/07/how-to-make-most-of-customer-feedback.html
The Power of Customer Feedback :: http://www.marketingprofs.com/articles/2011/4865/the-power-of-customer-feedback
Source: Grant, A. M. (2012). Leading with Meaning: Beneficiary Contact, Prosocial Impact, and the Performance Effects of Transformational Leadership. Academy of Management Journal, 55(2), 458-476.
Social Media and Management
CFP: Social Media and Management
- Management of social media within and outside organizations (for recruitment, selection or other personnel decisions, for marketing, reputational and any other relevant business, non-profit, or work-related, governmental purposes)
- Development or evolution of new or customized products and services using social media as an information source or as a promotional vehicle in particular companies or industries
- Predictors, types and consequences of intra-organizational social media policy acceptance, rejection and diffusion gaps
- Influences of culture, legislative traditions, economic blocs, corporate descriptors, industrial characteristics, and any other aspect that may affect the development, management, and effectiveness of the use of social media
- Individual and social (from small group to national or cross-cultural levels) characteristics and factors that facilitate adoption, use and diffusion of social media for business and other work-related purposes
- Comparisons and contrasts of differential uses of social media in work contexts in emerging (e.g., Africa, Asia, Latin America and the Caribbean, Middle-East, etc.) or non-Western economic settings
- Virtual, technologically mediated markets, life, work, newly developed, gamefied (or not) products or services, crowd-sourced or personally oriented, etc.
- Preliminary screening of ideas for chapters: September 30th, 2012 (this is a “soft” deadline)
- Acceptance notifications or requests for revisions: about four weeks after full chapter manuscript is received
- Submission of full manuscripts: No later than December 31st, 2012
- Publication of volume: about four months after final, revised chapters have been received by the volume editors; expected in early to mid-2013.
www.emeraldinsight.com/products/books/series.htm?id=1877-6361
Hispanics and Latin Americans in the Workplace -CFP, SI JMP
Journal of Managerial Psychology
…my new “Ba-B-JHR”!
…February’s “V-Days”
As I reviewed two years ago, this holiday generates spending in our nation to the tune of “teen billions” in sales. Last year, the National Retail Federation (NRF) expected a dip in sales from the previous year: $14.7 Bn in 2009, compared to $17.02 Bn in 2008 –in case you were wondering, no estimates for this particular festivity were publicly available for 2010 at the time of this writing, but a projected increase of 2.5% in sales for 2010 leads me to believe that we might see a slight bump.
NRF’s data also shows that only the end of the year and the return to school generate larger sales than “V-day;” not even Mother’s or Father’s day, Easter, Halloween, the Super Bowl or Saint Patrick’s day inspire our nation to open our wallets as we do in the middle of February. And, of course we are not the only ones stimulating the economic cycles; all around the world, there are variations that celebrate love and friendship, with the exception of cultures that explicitly reject Western influences as do some Hindi and Saudi Arabians.
Where is “the Twist”?
For the past decade or so, I have been observing an increase in popularity, scope, and support for a different type of “V-Day,” the movement created by Eve Ensler, the author of The Vagina Monologues. I would be surprised if you haven’t heard about it, as universities and community centers all over the US have been organizing readings of this work on or around February 14. What started as a presentation of diverse feminine experiences (including one that was highly questionable to say the least) has become a world-wide movement that demands a stop to all forms of violence and abuse against women.
I will admit that the monologues were not particularly appealing to me when their dissemination started. The reviews I read cautioned that one of the segments offered a highly appreciative portrayal of a lesbian rape of an underage, drunken girl, while most other segments categorically condemned –as they should!—any violence perpetrated by males. Critics also pointed out how harmonious relationships between men and women are not given enough “air time” within the event, compared to traumatic encounters. Others have criticized the “hijacking” of St. Valentine’s Day and in a few countries –including European ones like Monte Carlo or Monaco—the piece has been found vulgar or tasteless.
The Redemption of the Monologues?
Still, the activism that this movement has been generating is worth a close look. Among the most noticeable outcomes of the V-Day movement we find a dozen festivals prominently covered by the mainstream media thanks to the support of well-known personalities; thousands of benefit events in cities around the world; and a great deal of grass-roots events with the purpose of educating, raising funds and supporting organizations that year-round help victims of domestic and other types of violence. This year the focus is on the women of the Democratic Republic of Congo, one of many fronts that, thanks to its marginal socio-political status, has gone largely unnoticed by the media. Kudos to Ensler for using in this way the notoriety that her V-Day movement has acquired!!
Another initiative that I find laudable is the grass-roots creation of a V-Men event for 2011. Within the next few weeks, focus groups will be joining men who are willing to contribute their own experiences, thoughts and other resources to stop the violence against women. As a researcher on women’s experiences at the workplace who also happens to be the husband of an amazing woman, father of two little girls, brother of another two great women, and son of a most loving home-based activist, I can only strongly recommend this effort that surely will eliminate the criticism that V-Day is a “man hating” event.
Should We Have a “BV-Day”?
Considering all the disadvantages that women encounter in business –the gender pay gap, the glass ceiling, mommy tracks, double-duty, tokenism, glass cliffs, stereotyped treatment, difficulties in finding mentors and career advocates, to name just a few—perhaps we ought to have a “BV-Day.” At least once a year, we, in the world of Business, should stop to reflect how a very subtle type of violence is perpetrated against some of the smartest, hardest working, underappreciated individuals who just happen to have a body that is different from those of us in the majority.
What do you think? Feel free to send me an email to drolivaslujan_at_gmail.com or post your comment on my facebook or LinkedIn page.
¡Hasta la próxima!
To learn more:
…repetition –luxury or necessity?
Remember your coursework that included quality management? Or, if you haven’t yet taken Operations Management or a related course, you will soon read that “re-doing things is waste”! Even the dictionary tells us that “repetitive” is a synonym of “boring, dull, monotonous, tedious, tiresome, and uninteresting.” Not exactly what we would consider graduate level work, right? At least not in the School of Business…
But that is perhaps a major difference between a graduate program in Business and another in, say, Fine Arts or Health Sciences, where students have to practice, practice, practice, before they are allowed to pass from the basic to the advanced stages, much less graduate.
A Lesson from my Children
For the past four or so years, I have been taking my children to music classes (not at the graduate, but basic level) and to martial arts classes. I guess I had forgotten how I learned to play the guitar, and all the time I spent in front of the piano...
Well, before my body’s catabolism clearly beats its anabolism (i.e., before I get much older!), I decided it was time to join them at the gym (actually, dojang, is the Korean word for it). After about fifteen weeks of repeating specific sets of movements –or “forms”—I hope to get my first promotion and receive my first colored belt in a week or two.
In addition, I have been realizing how my children’s musical abilities have improved by virtue of reiteration. I do not even want to remember how the violin sounded whey they were starting “twinkle, twinkle, little star…,” but now it is hard to be humble when they play some classical selections, in arrangements suitable for their age! This has made me wonder… When do managers have chances to get better at work, if most managerial work is not repetitive? Moreover, how difficult it is to appreciate the necessity to do many times the same thing before we can truly master it! Is repetition at work truly a luxury, or is it a necessity?
Well, Parts of Managerial Work Are Repetitive...
Before I start receiving a flurry of email or comments on my facebook profile for ignoring how some managerial work actually involves reiteration, I should include an example or two. Some HR managers have to interview dozens –if not hundreds—of candidates before their companies’ line managers interview or consider those applicants in the hiring process. Also, it is true that MBAs with Accounting or Finance specializations include generating relatively similar reports every quarter, end-of-year, or other term. In Marketing, some colleagues go through well-established seasons of heavy advertising, promotions, distribution, etc. every year. Clearly, going over such cycles every so often, gives them an opportunity to learn and execute their jobs in an increasingly effective fashion. Perhaps your work includes some of this?
In Higher Education, we also run through well-defined periods of time (a.k.a. semesters, quarters, terms, etc.) that require repetition and afford learning opportunities, not just for students, but also for instructors, administrators, etc. Of course, there is the need to renew and update courses and procedures every semester, but individuals that do it too often, end up never consolidating their work in a manner that truly benefits their students or other clients.
What do you think? Do you feel that your work gives you enough repetition so that you can get better at it? Perhaps your work is one in which reiteration is actually a luxury that you cannot afford. Would you mind sharing your thoughts on this matter? You can send me your comments or reflections via email to drolivaslujan_at_gmail.com or by posting a comment on my facebook profile (I am also test-driving twitter -@drolivas is my username). I look forward to hearing from you.
¡Hasta la próxima!
...multiple commitments
The answer to these questions is intriguing at many levels and for many audiences! Corporations, unions, headquarters, subsidiaries, even countries are at some time or another pitted against each other and loyalty from individuals from these places is often questioned by “the other side.” The answer seems to be a categorical “yes,” though, as is for many other topics in business, “it depends.”
Yes, even though there is great potential for conflict between unions and companies, it is possible for workers to feel attached to and interested in remaining members of both organizations. Yes, it is also possible for people to be loyal to apparently opposing foci of commitment such as headquarters and branch offices, even when their interests may be at odds, as in the case of a divestiture or other tough choices that often have to be taken in business. And YES, it is possible for people who have reasons to feel as part of two (and even more) countries to be patriotic about both. My guess is that many NSHMBA members –and their families--have experienced the latter in a very personal manner.
Of course, when expectations (the “psychological contract” that is created inside individuals' minds) are not met by one of these entities, it is not hard for the corresponding attachment to dwindle. For example, employees who feel “taken” by management or perceive that unions’ dues are not worth the services received from them, are more likely to detach themselves from that focus of their commitment.
Also importantly, there are at least two distinct types of commitment empirically documented by work psychologists: affective and continuance -or calculative. Affective commitment deals with the feelings of identification with and attachment toward an organization, manager, workgroup, etc. This is the type of commitment that we, as managers want to elicit in our coworkers and associates, as it seems to relate to a more cohesive and pleasant work climate, as well as to a more satisfied workforce. Continuance commitment, on the other hand, is more of a cost-benefit analysis that individuals sometimes keep in their mind to assess whether there are alternatives to their current employment. In the first case, employees are committed because they “feel good” to be associated to their workplace, while in the latter case they are committed because they do not perceive a desirable alternative, a situation that may breed cynicism, disengagement, and other unwelcome circumstances.
A meta-analysis –a “study of studies” see Johnson et al. (1999)—analyzed 31 studies with over twenty-two thousand employees in seven countries. Their findings include the existence of commitment toward both union and company, but cultural work values and industrial relation systems on those nations made a difference!
If you are interested in the scientific evidence for this theme -I am sure many of my colleagues would be interested in a research project on this topic, or simply for your own, professional development--, I have added a few references at the end of this column. Also, you may want to read some of the studies that were generated on this topic; all you have to do is search the term “dual commitment” or “dual allegiance” on a scholarly database, and you will find a wide variety of articles that dealt with this puzzle.
What do you think? Do you ever worry about how committed your employees (or your employer!) will be "when the rubber meets the road"? Do you find as ridiculous as I do all those commentators that try to pit Hispanics against main stream America? Feel free to post your comment on my facebook page or send me an email.
¡Hasta la próxima!
To learn more:
- Gregersen, H.B. & Black, J.S. (1992). Antecedents to commitment to a parent company and a foreign operation. Academy of Management Journal, 35 (1), 65-90.
- Hoff, T.J. (2001). Exploring dual commitment among physician executives in managed care. Journal of Healthcare Management, 46 (2), 91-109.
- Johnson, W.R.; Johnson, G.J.; & Patterson, C.R. (1999). Moderators of the relationship between company and union commitment: a meta-analysis. Journal of Psychology, 133 (11), 85-103.
- Liden, R.C.; Wayne, S.J.; Kraimer, M.L.; & Sparrowe, R.T. (2003). The dual commitments of contingent workers: An examination of contingents' commitment to the agency and the organization. Journal of Organizational Behavior, 24 (5), 609-625.