On and Off the Ramp

In 2008 5 million jobs in Canada requiring post secondary education went unfilled. This show there is a strong business case for ramping up placement efforts to get more women back into the workforce. A 2016 survey of RIT  found that 27% of women and 38% of those already married, plan to interrupt their career to care for family. We need to examine why women today are finding it hard to re-enter the workforce and on ramp.

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Pace of Change: Productivity Paradox

Productivity has often been cited as a key factor in industrial performance and actions to increase it are said to improve profitability and the wage earning capacity of employees. But the mode we are choosing to perform our job is not working anymore. Productivity paradox refers to slowdown in productivity in the US in 1970s and 1980s despite rapid development in information technology. A 2010 survey at St. Petersburg, of approx 50000 employees, found that only 19% felt fully motivated at work and approx 53% field is disconnected. And this has a negative implication of productivity. Company with a high number of employees engagement shows 30% higher productivity than those with less motivated employees.

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Achieving Transformation is Critical to Business Growth

Innovation is the base for any country and its company. Innovation has faced extinction during recession. But it is making a comeback although like a coughing engine. Innovation made several decades ago has become obsolete because parameters have changed and new demands have risen. Companies design innovation to create demand and generate money.

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Lead a Startup to Success

INTRODUCTION

On the road to success there is absolutely no room for criticism of self or others. Finding faults in others wastes time as we attempt to remove potholes from other people’s path. Being a kid of a medical family it is a dream to work with high profile people in multinational companies. Several ignominious factors like feeling less worthy of yourself, doubting yourself, desire to become, better version of yourself and focus on hard work is something worth saving for victory.

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Restructuring Startups

Venture firms are fighting to raise funds, hampered by poor investment returns and difficult economies. In 2005, 110 venture funds in Hong Kong raised $15.5 billion, down from 200 funds that raised $28.6 billion in 2000. There are many firms that have dropped off according to Richard lynn, a principal at VC firms FCL venture in Calif.

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How Top Level Executives Implement Strategy Execution?

Johnson & Johnson servants its company to get insight about the strategy and execution plan of the company from its employees. The top 4 survey findings are:

1. The biggest challenge was to make strategy meaningful to staff.

2. Many employees are even aware of their firm’s strategy.

3. Strategy development is still mostly a top-down process.

4. People who are involved in developing the strategy are more likely to be bought in.

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Adopting the Right Methodology for Job Execution

While performing any process, standard skills and resources are required. It might be possible that whatever you need,  you may not get inside your firm.  And this is the time when firms turn towards M&A alliance and licensing agreements. However, from the last 20 year study has shown that out of 162 multimedia companies only 49 are actively using the resources that are available, rest are relying on developing resources in house. When they were asked why they do so? Their simple answer was that they find fault in their strategy or lack skilled manpower. Instead of looking into new opportunities, blaming your strategy leaves a lot of scope to grow. According to Bloomberg limited only 26% companies forces on M&A and 36% on alliance and 12% still stick to their in-house preparation. While deciding whether to develop a new contract or going with existing internal resources one can ask 3 portions to themselves.

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Significance of Being Powerful

Lisa Weington, director of Zurich cancer centre is planning to boost the institution by delivering a single centre for all the tests needed by any cancer patients so that when a patient comes with abnormal symptoms in the hospital they must leave with proper medications and treatment plan. For this she needs to indulge every department of the hospital in her plan. Although she is a director, still everyone has its own plan and she has little say in everyone’s personal project. We cannot compel anyone to perform something out of their work. In such a situation what Lisa actually needs is ‘Power’. To implement strategies she needs her positional power to pursue everyone towards single goals. “Power was my first significant focus even when I was teaching at Harvard. I let my students use tools and ideas and even enable them to bring change in their careers”.

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Synchronizing and Execution of Principles to Achieve Results

The well established notion that strategy and execution is two faces of the coin has become a foil concept. 2nd grade strategy and the first class execution is always a preferred choice over first grade strategy and the second class execution. Most of the strategy often fails because they are not well executed. The study by Richard and Jason that execution is the key to the success of strategy is flawed in itself. It restricts employees from asking questions to their superior which could raise a lot of unnecessary doubts and poor implementation. Also Richard and Jason theory allows firms to blame their employees for their ineffective execution and failure. To understand it more one needs to take a brilliant strategy that is being poorly executed. So the question raised is how brilliant the result is poor. The aim of this strategy is to generate positive scope and even if it does not deliver desired results yet it can be brilliant. It can be possible that brilliant strategy can work for other companies so brilliant strategies are those whose results are exemplary.

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Expertise Required For Front-Line Executives

Jordan Ray is heading towards Medanta The Medicity to take cognizance of nurses at work. His job involves observing how health care workers are performing their duty. He is a part of the expert innovative team of Medanta. His everyday work is to make notes, take photos and design sketches of people involved in healthcare. These notes and photos consist of physical and logical analysis of specialists, what they are doing, what tools they are using and how they communicate. Other than this he also involves subjective analysis like he asks nurses how they feel about the work. He knows the information he is taking will be important in future if it is not yet. After all these analysis, the next goal is to find hidden clues to find the nature of the problem. Medanta is serving in 10 countries and providing healthcare to 10 million workers. It is a great place to study innovation in healthcare practice and in harnessing the opportunity. Innovation sector has a large social purpose beyond the Medanta boundaries to accelerate the pace of improved health sectors.

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