Tag: Corporate

Corporate Comms: Ideas to Improve Your Business Acumen #business #credit #cards

#business acumen

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CEB Blogs

Ideas to Improve Your Business Acumen

We surveyed Heads of Communications asked them: in what competency does your team need the most improvement? The resounding answer (63% of all respondents) = business acumen. It s the foundation of business acumen that helps communicators dissect business partner needs into successful communications support and it serves as a prerequisite to getting that coveted seat at the table.

However, as someone who has business acumen as a performance criteria in my annual review, I often struggle to quantify WHAT it actually means and HOW I can get better at it. On our Competency Framework (access the entire Modern Communicator s Skill Set here ), we ve defined business acumen as:

An understanding of my company s strategy and ecosystem, including global trends, macroeconomic shifts, and regulatory changes.

My common approaches to improve my own business acumen have been to (try to) read dense articles in the Wall Street Journal and Financial Times and, more recently, to watch the film, Too Big To Fail on HBO (which I HIGHLY recommend).

While these tactics help, I think the onus is on us as individuals to constantly look for ways to get more exposure and business education. I ve provided a few ideas below based on research conversations with CEC members.

1) Educate Yourself. Do you know the difference between net worth, net income, profit, revenue, capital, and equity? How about the definitions of: options, swaps, futures, derivatives, multiples, and value investing?

You can start speaking the language of your business partners by at least knowing the definition and application of these and other business terms. Get comfortable with the components of a balance sheet. (FYI: If anyone wants a short cheat sheet of business vocabulary, I m currently studying for Pre-MBA tests before I head to school this fall and would be happy to share!).

Complement this fluency with regular skims of the WSJ, FT, and NYTimes. And it s cheating if you re only reading the Sports or Dining sections.

2) Learn from Others. Shadow others and learn from leaders in other functions. Here s a great lesson from one of your CEC peers, Craig Rothenberg at Johnson Johnson. During a recent CEC webinar. he shared the following advice:

About a dozen years ago, I was given one of the best pieces of professional advice from a former manager as I was moving into my first operating company management role.

I was told to take the first six months or so in my role and to develop a mentorship relationship with the CFO of that operating unit. I would meet routinely with the CFO of that business and we would dive deep into the P L of that business. I then branched out and did the same with our supply chain leader in that business. It really helped me to get grounded in the business, the various pressure points in the business. Seek someone out a coach, a mentor, a colleague who can teach you a part of the business that you haven t been exposed to before.

And it didn t take me much time before I could actively participate in boardroom discussions. I could talk about the P L, the pressure points, the cost of goods, etc. I could bring that knowledge through a communications lens and see the communications implications. And that s where you start blending the business acumen with the ability to act as a trusted advisor in Communciations.

You ve got to roll up your sleeves. There are no shortcuts.

3) Practice. Another recommendation offered during a past CEC guru meeting was to get yourself or your team involved in rotations in other parts of the organization to broaden your business acumen. Popular destinations for rotations include Investor Relations or Financial Communications. Others have done rotations in other geographies to fine-tune their business savvy.

14 Responses

Eileen Lehmann says:

One of the most valuable experiences I had was a manager training course provided by a previous employer. The course was designed for people ascending into senior leadership, not communicators per se. I had the good fortune to have a boss who hoped I would succeed him and pushed the CEO to let me go.

The course forced me not only to learn the same things the future CEOs were, but to interact with these people on those topics. It was a great opportunity to practice having important business conversations in a safe environment.

My advice is to pursue you communications career as any other business leader would with the hard, cold practical business principles along side the business leaders themselves.

Rebecca Canan says:

John, I ll email it now!

Eileen, thanks for your thoughtful comment and what a valuable experience.

Barbara Duroselle says:

Hi Rebecca
I thought your article was full of tips I can use. Thanks. Could I also have a copy of the balance sheet tips as well?
Thanks.

Rebecca Canan says:

Thanks so much, Barbara. I ll send the business vocab document your way.

We re also building out additional recommendations and resources as a follow-up to our online skills assessment which I see that your team participated in! More to come!

Kristen Cardillo says:

A little late to the conversation, but I d love to take a look at the business vocab document/balance sheet tips you referenced. Thanks!





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Top 5 Things to Pay Attention to When Giving Corporate Gifts #business #process #modeling

#business gifts

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Top 5 Things to Pay Attention to When Giving Corporate Gifts

As the CEO of a small business, one of your main concerns is ensuring your employees know they feel appreciated. Aside from the frequent verbal praise you hopefully provide, the occasional gift can go a long way to making an employee feel valued.

Yes, you probably have a small office with a few coworkers if you’re just starting out but there will be a birthday, anniversary, or some extraordinary job done where gift giving is going to be expected. Giving a gift in the workplace can sometimes be tricky, but follow these simple rules to make sure your gift leaves a happy employee.

Get your budget in line.

Even if you’re giving a gift to a family member or friend, how much to spend is always one of the hardest things to figure out, and it’s even more difficult when coworkers are involved.

Always consider the reason of the gift. If you’re congratulating someone on a job well done, a $15 American Express gift card may be fine. If you’re celebrating a promotion or engagement, something a little more substantial may be appropriate.

Conduct research.

Before you do anything at your company, it’s either tested or researched thoroughly, right? In the same way, think about the person who you’re giving the gift, too and make sure you won’t give them anything that will offend them.

Examine their desk and see how they have it decorated. You should be able to find something that fits within their idea of a great gift. Are they fanatics about a sports team? Do they Starbucks on their desk every morning? Even though the best gifts come from the heart, remember that it’s okay to ask for help if you can’t figure out a great gift.

Gift for special occasions.

As the CEO, you’ll have plenty of opportunities throughout the year to give gifts to employees on special occasions. Whether you’re buying flowers for Secretary’s Day or get well soon gifts for a co-worker, it’s much easier to match a gift to the occasion than to buy one blindly.

Attach a handwritten note.

It’s easy to shoot off an email or copy and paste a typewritten note into a custom electronic card, but a handwritten note will make a much stronger impression. Remember one important thing about the person to whom you are writing and mention it in the note for maximum effect.

Deliver the gift personally.

Assuming your office and the gifts are small enough, deliver each gift you have purchased to each individual personally. Much like the handwritten note, it will create a much stronger impression when your gift is delivered in person. Plus, you can also use this time to catch up briefly with each of your employees.

Erin Leigh is a freelance writer for The Serious Teddy Bear Company, a gift basket company for every occasion, from teddy bear birthday gifts to employee and manager gifts. She’s a self-proclaimed gift giving expert and strives to find the perfect gift for any occasion.

Under30Experiences





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Welcome to the Houston Metropolitan Paralegal Association #houston #metropolitan #paralegal #association, #paralegal, #organization, #association,

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Houston Metropolitan Paralegal Association

Welcome to Houston Metropolitan Paralegal Association ( HMPA )! HMPA, a non-profit organization, is one of the largest paralegal associations in the United States. Founded on August 30, 1978, the HMPA formally changed its name in 2004 from Houston Legal Assistants Association. HMPA’s goal, then and now, is to promote the professional advancement of paralegals in the Houston metropolitan area. As a non-partisan, non-bargaining association, HMPA strives for a heightened standard of excellence in the profession through the implementation of minimum education standards for its members, and the creation of the advanced Professional Houston Paralegal designation. Although HMPA is not a regulatory board, our goal is to remain on the forefront of regulation, certificate and licensure issues facing the profession during the coming years.

HMPA NEWS

Be the Vision! Visualize. Imagine. Believe. Be .

Membership renewals and applications are completely online for your convenience! Just click the Membership Tab above and your paperless experience is only a few clicks away!

Congratulations to Virginia Barry, winner of the HMPA Membership Grand Prize Package including an Echo Dot, Amazon Firestick and $150 Amazon Gift Card!

Secure your spot today for HMPA’s next downtown CLE luncheon and earn 1.0 hour of CLE credit! Always great food, amazing speakers, and an excellent networking opportunity! Space is limited, so don’t miss out!

HMPA Member Appreciation Night

Open to all HMPA members (plus one)! Please come out and enjoy food, drinks, and piano fun with your HMPA family!

HMPA 2017 TAPS Scholarship

In honor of Holly Huckabee (who tragically lost her life in the July 30, 2016 Hot Air Balloon accident in Texas), HMPA awarded the 2017 HMPA Scholarship to TAPS in Holly’s name.

As a member of HMPA and the Paralegal Division of the State Bar of Texas, Holly was the very definition of a committed, unifying leader. She was a passionate advocate for pro bono and community service initiatives and always, always stood for the professional advancement of the paralegal profession. As District 1 Director of the Paralegal Division, she gave tirelessly of herself to insure that all paralegals received the educational, networking and professional resources they needed.

Michelle Hendrickson submitted her 2017 HMPA Scholarship to TAPS application and two page essay on Why is CLE important to paralegals, even when certification or membership doesn t depend on it? Michelle is the winner of the 2017 HMPA Scholarship to TAPS, which includes the TAPS three-day registration, socials and part of the hotel expenses to attend the TAPS 2017 seminarTAPS Unmasqued: The Mystery Awaits (up to $750). Congratulation, Michelle!

HMPA’S 3RD ANNUAL SOCIAL BENEFITTING RPM

HMPA is proud to announce yet another successful social fundraiser supporting Houston’s very own Rescued Pets Movement. A big thank you to everyone who came out and joined us for food, fun, drinks, and prizes. With your help, HMPA was able to donate $900.00 to RPM! Stay tuned for our next social event, you won’t want to miss it!

Exclusively sponsored by: Rimkus Consulting

HMPA – CLE Luncheon Spotlight Sponsor

Special thanks to our Spotlight Sponsor for the August CLE Luncheon:

Robert Half quickly finds skilled candidates who are the best match for all your hiring needs by combining cutting-edge recruiting technology and matching algorithms, best-in-class customer service, and seven decades of experience. For more information, visit their website here.

Houston Metropolitan Paralegal Association
P.O. Box 61363, Houston, TX 77208-1363

HMPA’s office hours are;
Monday – Friday: 1:00 p.m. to 5:00 p.m.

COMMITTED TO THE
EXCELLENCE AND EDUCATION

OF PARALEGALS SINCE 1978





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7-Eleven, Volkswagen cases show why we should push back on – corporate ethics #harvard

#business ethics articles

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7-Eleven. Volkswagen cases show why we should push back on ‘corporate ethics’

Professor of Management and Organization Studies, Macquarie University

Disclosure statement

Carl Rhodes does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond the academic appointment above.

The Conversation’s partners

The Conversation UK receives funding from Hefce, Hefcw, SAGE, SFC, RCUK, The Nuffield Foundation, The Ogden Trust, The Royal Society, The Wellcome Trust, Esmée Fairbairn Foundation and The Alliance for Useful Evidence, as well as sixty five university members.

Republish this article

We believe in the free flow of information. We use a Creative Commons Attribution NoDerivatives licence, so you can republish our articles for free, online or in print.

Chairman and major shareholder of 7-Eleven Russ Withers sits in a Senate Committee hearing in Melbourne. Julian Smith/AAP

There is perhaps no phrase more hackneyed in the corporate world than: “good ethics is good business”. Against the image of the ruthless business baron who will stop at nothing in the pursuit of wealth and power, the slogan tells us there is no friction between being good and being successful.

As luck should have it (for corporations that is) it is argued organisations can stand up and be righteous about their do-gooding, and this will actually lead to the achievement of self-interested business results. The cake can be had and eaten.

But does this ethical catch phrase really hold sway in the corporate world? Events this September suggest not.

The month of the corporate scandal

September 2015 was mired in corporate scandal. German car manufacturer Volkswagen was raked over the coals for installing software in its cars that ensured it falsely passed emission tests. Eleven million cars were involved over a period of seven years. VW’s CEO Martin Winterkorn resigned over the affair and now faces possible criminal charges .

American corporation Turing Pharmaceuticals was publicly vilified for its predatory pricing when it raised the price of the drug Daraprim by 4000%. This is a drug used to treat infections associated with HIV and AIDS. Turing’s CEO Martin Shkreli was described by the Washington Post as “the most hated man in America”.

In Australia trouble arrived at convenience store chain 7-Eleven when the ABC’s documentary series Four Corners revealed its use of exploitative and illegal work practices to reduce its labour costs. Employees were being paid less than half the legal minimum wage. Young and foreign workers were especially targeted. The scandal saw the resignations of 7-Eleven’s chairman Russ Withers, and its CEO Warren Wilmot.

Bad ethics is good business

Each of these scandals has been scrutinised in terms of business ethics. We are not talking here about contentious and nuanced debates about the nature of morality. In these cases the ethical issues relate to cheating, lying, deception, law breaking, exploitation, and merciless profiteering. As far as any common understanding of ethics is concerned these things are on the far side of the thick and grey line that separates right from wrong.

What do these cases have in common? Each one suggests there was an ethos in place in these corporations that held that “bad ethics is good business”. Seven years of highly orchestrated cheating at VW meant increased sales. In 2009 VW became the world’s biggest car manufacturer .

Institutionalised wage fraud and labour exploitation at 7-Eleven kept store costs down, increasing profits both for franchisees and (especially) for the parent company. 7-Eleven has twice been names Australia’s “franchisor of the year”. Price gouging at Turing meant a drug listed on The World Health Organization’s essential medicines list could bolster the company’s profits by exploiting the sick and vulnerable.

Just don’t get caught

The “bad ethics is good business” approach was going well for these businesses until they got caught. These three cases have triggered debates still raging in all sectors of society. Heads have rolled and bottom lines are jeopardised.

Does this really confirm that “bad ethics is bad business”? Of course not. There is no doubt many other corporations are profiting handsomely from deceit, lies, fraud and exploitation. The scandals of September 2015 show that “bad ethics is good business … unless you get caught”.

It’s not just about not getting caught. It is also about the political, legal, social and economic implications of being found out. In the cases of VW, 7-Eleven and Turing there has been a massive public and media outcry about their reprehensible and selfish behaviour.

Bringing these corporations to justice was not the work of one heroic individual, nor the result of government action. It was a collective effort that involved NGOs, scientists, academics, politicians, the media and the general public. This was a victory of civil society and democratic dissent.

So, we can reformulate our proposal: “Bad ethics is good business … unless you get caught … and as long as you aren’t the subject of a public outcry”.

Democratic business ethics

When corporations speak of business ethics their idea is that they can keep it all in house. The ethics of business is largely seen as a matter of corporate self-regulation so that pesky outsiders won’t stick their noses into corporate affairs. The September scandals suggest an entirely different ethics.

If we want ethics in business, what we need is more corporations being caught and more public outcry. For business ethics to be effective they must be pushed onto corporations against their will. Business ethics is democratic, not corporate.

What we can learn from the business events of September is that ethics cannot be left to corporations themselves. Business ethics requires a vigilant democracy where the public and its institutions will hold corporations to account for their actions.

Business ethics, to borrow a phrase, is about keeping the bastards honest.





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Corporate training, training, leadership, team development, BTI, Business training #investment #ideas

#business training

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Home Business Training Institute: Corporate Group Training

Business Training Institute: Corporate Group Training

Employees are your most important asset. Are you investing in them like you invest in other parts of your business? Decreasing employee turnover in this more competitive economy can increase your success and profitability. Employees leave a company for many reasons poor management, lack of advancement opportunities, lack of connection to the company vision, job mismatch and more. Providing training and development workshops for your employees can help reduce your turnover in many ways:

Bellevue College’s Business Training Institute (BTI) provides custom and off the shelf workshops that help corporations and nonprofits meet today’s business challenges and adapt to the rapidly changing world. BTI provides:

  • Professional assessment of your organization’s learning needs.
  • Customized programs tailored to your unique needs, KPI’s, and business objectives.
  • Practical, real-world training with industry specific scenarios.
  • Workshops incorporating your culture and industry language.
  • Pre and post training evaluations to prove effectiveness.
  • Learning aids to take away and use again.
  • Facilitators who are industry professionals.
  • Workshops delivered at your site, online or at our North Bellevue campus.
  • A part of the insights and learning of the third largest institution of higher education in the state.

What Makes BTI Different:

  • We offer training in both technical skills and soft skills.
  • Bellevue College is a Technical Center of Excellence.
  • We offer total training needs.
    • Professional Development
    • Front-line Leadership
    • Technical Front-End and Back-End Skills
  • One rate for the instructor and the materials.
  • Flexibility. We can offer workshops in your location or ours.

BTI provides workshops on:

Make your organization as strong as it can be with your people and our training and development resources. Make strong teams, dynamic contributors and effective leaders with us.

LATEST NEWS & TRENDS





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Business Travel Company, Corporate Travel Management Services – CT Business Travel #business #profiles

#business travel

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Welcome to CT Business Travel

CT Business Travel has become one of the UK’s leading corporate travel management companies. providing outstanding service is at the company’s core and this is reflected in our impressive portfolio of clients who continue to use and value our services year in, year out.

At CT Business Travel we continuously invest in our teams and technology to allow us to provide an unparalleled Corporate Travel Service. Your account is closely monitored by a dedicated account manager and travel consultant team leader to ensure that your travel policy and expectations are met down to the last detail. Regular review meetings are held between you and our team to ensure you are getting the service and savings you require.

Our ethos for a
Modern Traveller

We don’t ask you for contracts

We source the best fares and give you the choice

We focus on personal service and account management

What We Offer

Specialists in global business travel management

Account based bookings – with no tie in

Negotiated rates with airlines and hotels on your behalf

Management reporting included as standard

Enforcement of your travel policies

Free online booking portal with customised staff controls, reporting and built approval process





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25 Beautiful Corporate Websites – Vandelay Design #business #clothing

#business websites

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25 Beautiful Corporate Websites

In today s marketplace, every company needs an effective website. Of course, the purposes and needs of each company s site will be unique, but every company should have a site that presents a professional image to visitors. That image should also be an accurate representation of the company and should work with other branding efforts to present consistent messages to customers. If you’re looking to create your own corporate website, we recommend Shopify.

Portfolio websites, blogs, and e-commerce websites often get attention as sources of design inspiration, but today we re focusing on corporate websites. The purpose of these sites is to provide information about the company and its products or services. Here you ll find some excellent examples that should serve as some inspiration for your own design projects.

Pelli Clarke Pelli Architects

Bienville Capital Management

Arte Charpentier Architects

Looking for hosting? WPEngine offers secure managed WordPress hosting. You’ll get expert WordPress support, automatic backups, and caching for fast page loads.

Editor-in-chief of Vandelay Design. Part time web developer, blogger, and dog walker. I enjoy Seinfeld, running, camping, and jelly donuts. I’m always learning and I love to help! Feel free to drop me a line and say hi or follow me on Twitter or Google + .





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Tec Voice Solutions #corporate #voice #solutions

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Quick Enquiry

Corporate Training For Tec’Voice Solutions

Tec ‘Voice corporate training programs help organizations of all sizes successfully develop top-performing sales, management and executive teams that meet and exceed company goals. Our corporate training programs have helped businesses like yours increase revenue by improving margins and driving new revenue streams; standardize sales language, process and methodology; and improve the effectiveness and efficiency across the entire organization. 2 years rich experience in developing Technology Consulting.
We’re committed to your company’s objectives, and we stick with you until you reach them. Learn more about our corporate training programs below:

1. Project Management:

Project management is the application of knowledge, skills and techniques to execute projects effectively and efficiently. It’s a strategic competency for organizations, enabling them to tie project results to business goals — and thus, better compete in their markets.

2. Operations Management Programs:

Operations management is the corporate area in charge of designing, managing and tracking different processes. the department of operations management and innovation applies a global focus to operations.

3. HR Training:

Human Resource training and development should be of such nature that it should oil the human resources machinery making it something that takes the organization forward.

4. Sales & Marketing Training:

Identifying your employees’ sales and marketing training needs will help ensure that your training budget is spent effectively. Marketing and sales training can deliver significant business benefits. Training your employees in better sales technique, customer service skills and marketing expertise helps boost sales and improve customer satisfaction.

5. Leadership Development Training:

leadership development program provides you with the essential leadership skills you need to lead others in a way that makes them want to follow. Enjoy a flexible and engaging leadership training program suited to people in all business sectors who want to develop exceptional leadership skills and advance their career.

6. Personal Skill Development Programs:

Personal development is a lifelong process. It’s a way for people to assess their skills and qualities, consider their aims in life and set goals in order to realize and maximize their potential.

7. Business & Soft Skills Training:

Communicating effectively in business today is an essential element of success for every professional. Business communication skills leverage knowledge and expertise to create powerful professionals equipped to positively influence business and achieve optimum outcomes.

8. Professional Certificate Programs:

Train the Trainer Six Sigma Green Belt Certification Training
Six Sigma Black Belt Certification Training

9. Quality Core Tools (APQP, SPC, MSA, FMEA and PPAP):

Advanced Product Quality Planning (APQP) Statistical Process Controls (SPC)
Advanced Statistical Process Controls Measurement System Analysis (MSA)
Failure Mode and Effective Analysis (FMEA) Production Part Approval Process (PPAP)

10. IT Tools for Office:

MS Word (Basic) MS Word (Advanced)
MS Excel (Basic) MS Excel (Advanced)
MS Office (Basic) MS Office (Advanced)

11. Motivational Training:

Motivation comes from within. You can’t motivate people. They have to motivate themselves. What you have to do… is INSPIRE them. Great leaders inspire people into action. Great salespeople INSPIRE people; to WANT to buy from them.

12. Fire walk and Bar Bending Training:

Fire walk training makes participants believe nothing is impossible, they can achieve anything and everything in life. Through these intensive Firewalk training sessions self realization, belief and confidence is created, which is must to achieve substantially big goals in corporate life. These empowering sessions helps management executives redefine themselves so that impossible becomes achievable for them.

13. Team Building Training:

Team-building exercises can be a powerful way to unite a group, develop strengths, and address weaknesses – but only if the exercises are planned and carried out strategically.

14. Innovation Skills Training:

Innovation is not just the responsibility of researchers; workers at all levels can contribute to the development of innovation by finding new, different or better ways of working.

15. Time Management:

Time management is the act of taking conscious control over the amount of time spent on specific activities. You exercise time management to increase productivity, effectiveness and efficiency. You practice skills and use tools and techniques to aid you when accomplishing tasks, projects or are working toward goals and deadlines.

16. Feedback Training:

Feedback communication is the avenue to performance greatness. Employees have to know what they are doing well and not so well. For them to really hear your thoughts and suggestions on ways to improve, though, that feedback has to be delivered carefully and frequently

17. Presentation Skills Training:

Presentations skills and public speaking skills are very useful in many aspects of work and life. Effective presentations and public speaking skills are important in business, sales and selling, training, teaching, lecturing, and generally feeling comfortable speaking to a group of people.

18. Communication Training:

Communications training or communication skills training refer to various types of training to develop necessary skills for communication. Effective communication is vital for the success in various situations

19. Risk Management & Safety:

Risk management (RM) is an important instrument in improving workplace safety and health by identifying, evaluating and controlling risks at workplaces. Risk management not only involves risk assessment for any work activity or trade, it also includes the control and monitoring of such risks, as well as communicating these risks effectively.

20. Career Development:

Career Development is the lifelong process of managing learning, work, leisure, and transitions in order to move toward a personally determined and evolving preferred future.

21. Workplace Essentials:

Workplace Essential Skills is aimed at helping adults who are employed or seeking employment and require additional essential skills to succeed. It is also available to employers who are experiencing skilled labour shortages and in need of recruitment support.

22. Stress Management:

There are very many proven skills that we can use to manage stress. These help us to remain calm and effective in high pressure situations, and help us avoid the problems of long term stress.

Tec ‘Voice is located in the City Of Joy – Kolkata to address the pressing needs for skilled resources in a short time. We are a one stop shop for corporate training offering a range of performance enhancement programs encompassing both technical and soft skills training delivered through exceptionally skilled trainers and state of the art training facilities.





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Corporate Comms: Ideas to Improve Your Business Acumen #entrepreneur #ideas

#business acumen

#

CEB Blogs

Ideas to Improve Your Business Acumen

We surveyed Heads of Communications asked them: in what competency does your team need the most improvement? The resounding answer (63% of all respondents) = business acumen. It s the foundation of business acumen that helps communicators dissect business partner needs into successful communications support and it serves as a prerequisite to getting that coveted seat at the table.

However, as someone who has business acumen as a performance criteria in my annual review, I often struggle to quantify WHAT it actually means and HOW I can get better at it. On our Competency Framework (access the entire Modern Communicator s Skill Set here ), we ve defined business acumen as:

An understanding of my company s strategy and ecosystem, including global trends, macroeconomic shifts, and regulatory changes.

My common approaches to improve my own business acumen have been to (try to) read dense articles in the Wall Street Journal and Financial Times and, more recently, to watch the film, Too Big To Fail on HBO (which I HIGHLY recommend).

While these tactics help, I think the onus is on us as individuals to constantly look for ways to get more exposure and business education. I ve provided a few ideas below based on research conversations with CEC members.

1) Educate Yourself. Do you know the difference between net worth, net income, profit, revenue, capital, and equity? How about the definitions of: options, swaps, futures, derivatives, multiples, and value investing?

You can start speaking the language of your business partners by at least knowing the definition and application of these and other business terms. Get comfortable with the components of a balance sheet. (FYI: If anyone wants a short cheat sheet of business vocabulary, I m currently studying for Pre-MBA tests before I head to school this fall and would be happy to share!).

Complement this fluency with regular skims of the WSJ, FT, and NYTimes. And it s cheating if you re only reading the Sports or Dining sections.

2) Learn from Others. Shadow others and learn from leaders in other functions. Here s a great lesson from one of your CEC peers, Craig Rothenberg at Johnson Johnson. During a recent CEC webinar. he shared the following advice:

About a dozen years ago, I was given one of the best pieces of professional advice from a former manager as I was moving into my first operating company management role.

I was told to take the first six months or so in my role and to develop a mentorship relationship with the CFO of that operating unit. I would meet routinely with the CFO of that business and we would dive deep into the P L of that business. I then branched out and did the same with our supply chain leader in that business. It really helped me to get grounded in the business, the various pressure points in the business. Seek someone out a coach, a mentor, a colleague who can teach you a part of the business that you haven t been exposed to before.

And it didn t take me much time before I could actively participate in boardroom discussions. I could talk about the P L, the pressure points, the cost of goods, etc. I could bring that knowledge through a communications lens and see the communications implications. And that s where you start blending the business acumen with the ability to act as a trusted advisor in Communciations.

You ve got to roll up your sleeves. There are no shortcuts.

3) Practice. Another recommendation offered during a past CEC guru meeting was to get yourself or your team involved in rotations in other parts of the organization to broaden your business acumen. Popular destinations for rotations include Investor Relations or Financial Communications. Others have done rotations in other geographies to fine-tune their business savvy.

14 Responses

Eileen Lehmann says:

One of the most valuable experiences I had was a manager training course provided by a previous employer. The course was designed for people ascending into senior leadership, not communicators per se. I had the good fortune to have a boss who hoped I would succeed him and pushed the CEO to let me go.

The course forced me not only to learn the same things the future CEOs were, but to interact with these people on those topics. It was a great opportunity to practice having important business conversations in a safe environment.

My advice is to pursue you communications career as any other business leader would with the hard, cold practical business principles along side the business leaders themselves.

Rebecca Canan says:

John, I ll email it now!

Eileen, thanks for your thoughtful comment and what a valuable experience.

Barbara Duroselle says:

Hi Rebecca
I thought your article was full of tips I can use. Thanks. Could I also have a copy of the balance sheet tips as well?
Thanks.

Rebecca Canan says:

Thanks so much, Barbara. I ll send the business vocab document your way.

We re also building out additional recommendations and resources as a follow-up to our online skills assessment which I see that your team participated in! More to come!

Kristen Cardillo says:

A little late to the conversation, but I d love to take a look at the business vocab document/balance sheet tips you referenced. Thanks!





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Fleet Cars, Company Cars – BMW Corporate Sales #home #business

#business cars

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