The way we behave financially during a crisis – like the current COVID-19 pandemic – is largely based on our emotion state. In order the be fiscally responsible, there is a need to understand and practice Behavioral Economics along with Emotional Intelligence. Our financial decisions can be determined by our emotions at times like this.
In short, lean business agility is the ability of a business to sense and rapidly respond to the changing needs of customers and the market with quality and flexibility. It embodies a number of principles and techniques. Although some have their origin in the world of software development, they have proven to be invaluable across
During your presentation at work, a coworker seems to begin challenging you and raising his voice as you were trying to drive home a point for a group which included your peers, supervisor and skip level management. You later mentioned to another coworker; ”He made me so mad!” In actuality, did your coworker make
For businesses to compete and remain relevant in an ever-changing environment, change and evolution need to be part of the process. The move toward lean and agile workplaces has allowed countless companies through a vast range of industries to keep that competitive edge, reduce waste, boost productivity and improve efficiency at all levels of
It can destroy even the most lean, agile teams. We all have heard it. Perhaps we have even been the instigator. What is it? Harmful, negative gossip. This type of chatter is toxic and undermines the stability of otherwise fiduciary relationships and enjoyable work environments. Unfortunately, many enjoy listening to or promoting it. That is,
Cognition is defined as a mental action or process of acquiring knowledge through thought, experience, and senses. In a workplace that employs lean-agile concepts, having cognitive skills are important if you strive to make product development and management processes more seamless. Many workplace demands require cognition when solving problems and moving products from ideation to
When exploring project management concepts, lean and agile strategies often come hand-in-hand. Both are related to some extent. Each explores logistics of the product development process, promoting collaboration, evaluating the parallels between value and productivity, as well as coping with the chaos that comes with the process. While lean and agile concepts are complementary to