When we are talking about bonuses, we immediately think of money. In a lot of companies, the bonus is used as a motivation tool. And, actually, we know for more than 40 years that the carrot (= bonus) and the stick method is not working as motivation, and, even more important, not in the benefit of the company. Actually, it works against when the bonus is not related to a good key performance indicator. We also know more than 40 years that motivation is not coming from bonuses.
Often, we don’t realize how important our work is in our life. People in Romania make long working hours. Ten hours a day is no exception. In these cases, people spend 30% of their time on work, an equal 30% for family and friends and 40% is spend on sleeping and travelling. And this all includes the weekend. So, I think it is very relevant to think about those life questions.
Bonuses, in this article, I mean bonus in money, is meant to increase the motivation. And an increased motivation increases the performance. But is that really the case? When people receive a bonus, two variables are important: When you receive it and how much you receive. And these variables are also connected with each other. Let’s have a closer look to these two variables.
Leadership is all about relationships. As a leader, you don’t need to ask if you have relationships with employees, the question is what the quality of the relationships are. And, also generally speaking, women are better in managing the relationships than men. Men are better in the content of the subject. Off course also very important, but in leadership less nowadays. And, also, research shows this.
How do we recognize the dictatorial leadership style? Actually, this is quite simple to determine. A dictator doesn't ask questions. Because a dictator isn't interested in other people's opinions. The dictator expects that the people in his or her team are following without questions and without questioning his or her authority. The dictator doesn't allow mistakes. They expect a high performance with the highest quality all the time.
This article was published in Cariere Magazine on the 25th April 2017.
In successful companies, assertive employees and leaders go hand in hand. Shanon Anthony Bower describes the difference between assertive and aggressive people as follows: “The basic difference between assertive and being aggressive is how our words and behavior affect the rights and well-being of others”. You can read more on this subject in the article published in BIZ Magazine on 7th April, 2017.
When I was asked to write an article special for the 8th of March, I had some options. I could write about a trending topic in business: Gender diversity. But I would like that firms are busier with the Diversity of the Mind.
When I see that in a management team there is a discussion about a decision I suggest almost every time to look for a third possibility, that is not a merge of the other 2 possibilities. Background: if people are not agreeing on the decisions there is a realistic chance that both are not the best. Go to look for the alternative third.More about this in the published article on 28 February, 2017, in BIZ Magazine.
During one of my workshops, I was drinking a beer in the evening with Dragoș, one of the managers. It was clear for me that Dragos liked his job. He talked enthusiastic about the company and the way they worked together. His face changed when he started talking about his team. He was leading a team of 12 people, nice people and hard-working, he told me, only Liviu was a drama.
Probably you know some people for who the day of rest never comes. There is always an email to read and answer, an ‘urgent’ phone call or even an extra trip to the office in the weekend. It could be a workaholic. I found a saying what describes a workaholic very nicely: The workaholic is on the ski-slopes dreaming about being back at work, the hard worker is in the office dreaming about being on the ski-slope. Just think also about yourself: workaholic or hard worker?
The whole world is, more than other times, interested in the presidency of Donald Trump. It is clear that Donald Trump’s campaign was unconventional and the hardest and roughest since decades. Despite the scandals, rumors and opportunistic actions he won the elections, against all predictions. But especially his behavior adds question marks to the way he will lead the United States in the coming four years.
This article also appeared in Forbes Romania magazine on 16 December 2016 (in Romanian language)
Conforming and copying of the behavior of others leads often to strange and irrational behavior. And we see that often in the world of business. Copying or automatically doing what the competitor also is doing. Every existing player in the business is afraid to take a risk and take a deep dive. Most businesses have examples of this type of management but nobody remembers why they are doing it that way. But hardly anybody dares to challenge it. And that is where the business opportunity lies. If you’re the first to do it differently, it might just bring you a lot of money.