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Fight it young
According to a research study report by Chestnut Global Partners India and SHRM India, chronic, and lifestyle-related health issues are growing rapidly among the so-called ‘Young India workforce’. It is predicted that by 2025, India will have more than 57 percent of the population suffering from diabetes.1 Another study by the Mental Health Foundation revealed that millennials joining the workforce felt more under pressure at work than their baby boomer colleagues, with 28 percent stating that working through stress was expected in their job.2 Arianna Huffington founded Thrive Global to eradicate stress from organizations by providing science-based solutions. In an exclusive interview with The Smart Manager, Dr Marcus Ranney sheds light on workplace stress for millennials and how organizations can enhance productivity by prioritizing individual
well-being.
interview
Embrace the highs and lows
Gary Vaynerchuk, a bestselling author, quotes, “The skill sets it takes to be a successful entrepreneur, a successful marketer, or a relevant celebrity is a different skill set than you needed ten years ago, even though that was the skill set that mattered for decades.” In this age of rapid digitization, network marketers are required to keep up with technology, more so, social media. Building the right relationships or networking is critical as the connections created largely determine the opportunities available. Jennifer Turnage and Megan Sumrell, authors of Honey, You Got This! Technology Made Easy for Network Marketers make known the trending concept of network marketing and how working smarter and not harder is made possible with technology.
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From firms to ecosystems
In a VUCA world, where value is created and destroyed in surprising ways in every industry, many organizations respond by investing in new technologies only to keep up with the competition. Ralph Welborn, co-author of Topple—The End of the Firm-Based Strategy and Rise of New Models for Explosive Growth argues that what has made businesses effective today will not work tomorrow. He proposes that individuals (or organizations) need to answer the ‘new strategic question’ and understand its implications on what they do, how they do it, and with whom they do it so they can identify and capture new sources of value.
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Discovering value
“Commercialising innovative ideas is a constant run. It requires immense efforts, as you attempt to move forward and make progress on your way while facing one hurdle after the other…entrepreneurs and innovators are trained to run fast…running fast may be useless if you are not running in the right direction.” Entrepreneurs have to focus on valuable market opportunities but encounter failure when wrong choices are made due to flawed evaluation. Sharon Tal, co-author with Marc Gruber of Where to Play, tells us how one can choose and prepare to act on an opportunity, using a tool such as the ‘market opportunity navigator’, staying focused and agile.
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