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Casual Articles - Global Development - So Much More Needed
Do Correct Investment in Business Opportunities nal sustainability such that a reduction in margin could still
ensure sustainability for the implementing organisation while putting more into the
activity/project/community”? But let’s not forget that many of these organisations,
and many individuals I have been fortunate enough to get to know, contribute far
beyond the technical involvement they are contracted to provide.Business opportunities are only good when you know what you want and what you are doing. All to often people let a good business opportunity pass them by or they will jump into something when they really don’t know what they are getting themselves into. The business opportunities are only as good as the person who is investing in them. If you do things correctly then your business will grow and expand.There some things that you should keep in mind when you are looking to get involved in some business opportunities. You should never believe claims that you can make money with little no effort. Any business opportunity that you come across will require that you put in the time and effort in order to make this business opportunity work. If you are not willing to put in the effort then there is not guarantee that you business opportunities will flourish.If you are interested in certain business opportunities than you should get all needed information in writing before you commit In a commercial environment, how can more be done? Certainly in my experience of working with individuals and organisations, the commitment to do more is alive and well. The critical aspect that must be the focus of implementing activities, is how to create maximum value, improved outcomes and long-term, positive impact from involvement. Some approaches that have the potential to create improved outcomes that are worth considering include: • Encouraging ongoing professional development within your organisation [or as an individual]. There are a number of quality programs at some Australian universities specifically targeting development. This professional learning can be equally valuable for field prac Trends in Long-Term Incentives The tragic events resulting from the recent Tsunami on Boxing Day 2004 serve to
again highlight the fragile nature of many of the world’s communities. In each of
these locations the key tasks of treating the sick and injured, ensuring clean water
was available, or made available, providing food, accommodation and so on was
critically important as a first step on the way to rebuilding these communities.Upper Saddle River, N.J. – March 8, 2004 - Compensation Resources, Inc. released the results of a study they recently conducted of 642 companies covering the usage of Long-Term Incentives (LTI). Since 2001, the US business sector has been shaken by disclosures of mismanagement, poor corporate governance and outright criminal acts, all revolving around and involving the apparent excesses of Executive Compensation. The resulting media frenzy, public outcry, and indignant protests of shareholders and institutional investors, has resulted in some significant and far reaching changes to Executive Compensation. These have included the enactment of the Sarbanes Oxley Act (SOA), the potential and anticipated expensing of stock options by the Financial Standards Accounting Board (FASB), and ever increasing scrutiny and criticism of management by their Compensation Committees and Boards.Although most of the criticism was levied at publicly traded companies, some of the changes impacted the What further serves to highlight the magnitude of challenges facing the world as a whole, is the fact that many other activities along the development continuum continue to be in operation, or needed. In many cases these are needed in the same countries affected by this tragedy. Adam Gilchrist of the Australian cricket team, during the telecast of the Tsunami relief match, commented with interest that within a very short period following the disaster, hundreds of millions of dollars became available to support the needs of the affected communities. Yet he commented further that 15,000 people each day die unnecessarily in Africa from disease. His point was not to devalue the Tsunami relief contribution, but rather to highlight the need for ongoing commitment from those who are more fortunate in assisting those most in need. So much more is needed. As was seen in the early stages of the relief effort, the citizens of the world are incredibly generous and compassionate and recognise that we all can do something - the sum of all parts can make a difference. While each of us has different personal circumstances, which define the type of support or involvement we can offer, there are plenty of options. These options can be as simple as a donation or sponsoring involvement, to volunteering internationally or domestically, or making long-term career decisions to be involved in development. The Australian Government has shown a great lead through activities such as the Australian Youth Ambassadors for Development Program (AYAD) (www.ausaid.gov.au/youtham). The program places young Australians on short- to medium-term assignments through which they have the opportunity to employ their skills, as well as develop a greater understanding of the development needs of our neighbours. Similarly, organisations such as Australian Volunteers International (www.australianvolunteer.com) support the recruitment, placement, preparation and management of volunteers for the purpose of working towards the sustainable development of communities. (It should be noted here that the Australian government, through AusAID, is a major fund source for these programs). Of course, volunteering for either short- or long-term assignments is not possible for everyone, which is fine. The astounding statistics relating to the level of donation for the Tsunami relief effort suggests that clearly there are many of us who have done other things, in whatever way we could, to offer support. Similarly, many of us sponsor children through organisations such as Plan (www.plan.org.au) and World Vision (www.worldvision.com.au). All of this helps. What about the link between the commercial aspects of the development industry and the benefits it is meant to deliver? So often in conversations I hear statements such as “consultants are getting paid too much”, “firms are making too much profit” and so on. Are these statements fair? First of all I would think it a unique situation in any industry if there were not a difference in earnings between certain individuals and different organisations. So at some point in all industries, “they are making too much” is going to be heard. Just because it is said does not mean it is valid. Secondly, there are a lot of high quality organisations (and Australia has many) that continue to provide quality solutions to contribute to sustainable development. While we would all certainly hope that the need for development activities would disappear, this is not likely in the near future. So for organisations to continue to provide quality inputs, they also need to be sustainable. Clearly, what is important is not that an organisation makes a margin on activities to ensure their own sustainability. What is important is value of the involvement, and that value relates to outcomes and impact, not input. Granted, an interesting debate question could be “at what point does margin go beyond organisational sustainability such that a reduction in margin could still ensure sustainability for the implementing organisation while putting more into the activity/project/community”? But let’s not forget that many of these organisations, and many individuals I have been fortunate enough to get to know, contribute far beyond the technical involvement they are contracted to provide. In a commercial environment, how can more be done? Certainly in my experience of working with individuals and organisations, the commitment to do more is alive and well. The critical aspect that must be the focus of implementing activities, is how to create maximum value, improved outcomes and long-term, positive impact from involvement. Some approaches that have the potential to create improved outcomes that are worth considering include: • Encouraging ongoing professional development within your organisation [or as an individual]. There are a number of quality programs at some Australian universities specifically targeting development. This professional learning can be equally valuable for field pract Guanxi, Business and Their Madness relief contribution, but rather to highlight the need for ongoing commitment from
those who are more fortunate in assisting those most in need.In China, the word guanxi is in the top ten vocabulary list of all successful businesses. Great Chinese businesses and business(wo)men just cannot survive and thrive without developing excellent guanxi with organizations of authority, such as the state-owned banks. But to a deeper extent, guanxi penetrates all manners of Chinese society. The school that you're going to has connections to high government officials, the club owner gets his loan from a friend that works at the Bank of Communication, parents has guanxi with a teacher (their intermediary) and asks her to ask the principle of a prestigiouis high school out for dinner, and so on and so forth. Nonetheless, since China began to open up in the late 1970s, understanding how to apply guanxi has been just as important, if not more, as getting accepted into college. You can do many kinds of business in China without a college degree, but having a college degree doesn't mean you'll be able to find employment.Sometimes, however, ev So much more is needed. As was seen in the early stages of the relief effort, the citizens of the world are incredibly generous and compassionate and recognise that we all can do something - the sum of all parts can make a difference. While each of us has different personal circumstances, which define the type of support or involvement we can offer, there are plenty of options. These options can be as simple as a donation or sponsoring involvement, to volunteering internationally or domestically, or making long-term career decisions to be involved in development. The Australian Government has shown a great lead through activities such as the Australian Youth Ambassadors for Development Program (AYAD) (www.ausaid.gov.au/youtham). The program places young Australians on short- to medium-term assignments through which they have the opportunity to employ their skills, as well as develop a greater understanding of the development needs of our neighbours. Similarly, organisations such as Australian Volunteers International (www.australianvolunteer.com) support the recruitment, placement, preparation and management of volunteers for the purpose of working towards the sustainable development of communities. (It should be noted here that the Australian government, through AusAID, is a major fund source for these programs). Of course, volunteering for either short- or long-term assignments is not possible for everyone, which is fine. The astounding statistics relating to the level of donation for the Tsunami relief effort suggests that clearly there are many of us who have done other things, in whatever way we could, to offer support. Similarly, many of us sponsor children through organisations such as Plan (www.plan.org.au) and World Vision (www.worldvision.com.au). All of this helps. What about the link between the commercial aspects of the development industry and the benefits it is meant to deliver? So often in conversations I hear statements such as “consultants are getting paid too much”, “firms are making too much profit” and so on. Are these statements fair? First of all I would think it a unique situation in any industry if there were not a difference in earnings between certain individuals and different organisations. So at some point in all industries, “they are making too much” is going to be heard. Just because it is said does not mean it is valid. Secondly, there are a lot of high quality organisations (and Australia has many) that continue to provide quality solutions to contribute to sustainable development. While we would all certainly hope that the need for development activities would disappear, this is not likely in the near future. So for organisations to continue to provide quality inputs, they also need to be sustainable. Clearly, what is important is not that an organisation makes a margin on activities to ensure their own sustainability. What is important is value of the involvement, and that value relates to outcomes and impact, not input. Granted, an interesting debate question could be “at what point does margin go beyond organisational sustainability such that a reduction in margin could still ensure sustainability for the implementing organisation while putting more into the activity/project/community”? But let’s not forget that many of these organisations, and many individuals I have been fortunate enough to get to know, contribute far beyond the technical involvement they are contracted to provide. In a commercial environment, how can more be done? Certainly in my experience of working with individuals and organisations, the commitment to do more is alive and well. The critical aspect that must be the focus of implementing activities, is how to create maximum value, improved outcomes and long-term, positive impact from involvement. Some approaches that have the potential to create improved outcomes that are worth considering include: • Encouraging ongoing professional development within your organisation [or as an individual]. There are a number of quality programs at some Australian universities specifically targeting development. This professional learning can be equally valuable for field prac Putting A Little Work-Life Balance Into Your Career of our
neighbours.You fill up your mug, jump in your car and head onto the dreaded commute of the day. Once you get to work chaos and more chaos surround you. Those half-an-hour breaks really don’t cut it anymore. By the time you get home late into the evening you really don’t have much time for anything but eating and sleeping which seems to keep adding to your waistline like your boss adds to your in box.When you were just starting your career the conventional wisdom stated that young professionals were expected to work, work more, and work like crazy until they grew that corporate ladder. The problem is that once you were promoted the work and responsibilities never stopped ending. The situation has become so unbearable that you don’t find the meaning in work anymore.If you are like most middle-aged professionals you begin to question the purpose of your life. Were you given life to work or is work designed so that you have some means to live? How we answer that question depends on our own Similarly, organisations such as Australian Volunteers International (www.australianvolunteer.com) support the recruitment, placement, preparation and management of volunteers for the purpose of working towards the sustainable development of communities. (It should be noted here that the Australian government, through AusAID, is a major fund source for these programs). Of course, volunteering for either short- or long-term assignments is not possible for everyone, which is fine. The astounding statistics relating to the level of donation for the Tsunami relief effort suggests that clearly there are many of us who have done other things, in whatever way we could, to offer support. Similarly, many of us sponsor children through organisations such as Plan (www.plan.org.au) and World Vision (www.worldvision.com.au). All of this helps. What about the link between the commercial aspects of the development industry and the benefits it is meant to deliver? So often in conversations I hear statements such as “consultants are getting paid too much”, “firms are making too much profit” and so on. Are these statements fair? First of all I would think it a unique situation in any industry if there were not a difference in earnings between certain individuals and different organisations. So at some point in all industries, “they are making too much” is going to be heard. Just because it is said does not mean it is valid. Secondly, there are a lot of high quality organisations (and Australia has many) that continue to provide quality solutions to contribute to sustainable development. While we would all certainly hope that the need for development activities would disappear, this is not likely in the near future. So for organisations to continue to provide quality inputs, they also need to be sustainable. Clearly, what is important is not that an organisation makes a margin on activities to ensure their own sustainability. What is important is value of the involvement, and that value relates to outcomes and impact, not input. Granted, an interesting debate question could be “at what point does margin go beyond organisational sustainability such that a reduction in margin could still ensure sustainability for the implementing organisation while putting more into the activity/project/community”? But let’s not forget that many of these organisations, and many individuals I have been fortunate enough to get to know, contribute far beyond the technical involvement they are contracted to provide. In a commercial environment, how can more be done? Certainly in my experience of working with individuals and organisations, the commitment to do more is alive and well. The critical aspect that must be the focus of implementing activities, is how to create maximum value, improved outcomes and long-term, positive impact from involvement. Some approaches that have the potential to create improved outcomes that are worth considering include: • Encouraging ongoing professional development within your organisation [or as an individual]. There are a number of quality programs at some Australian universities specifically targeting development. This professional learning can be equally valuable for field prac Three Core Questions That Define Organizational Culture s are making too much profit” and so on."I respect those who know their own wishes. The greatest part of all the mischief in the world arises from the fact that many do not sufficiently understand their own aims. They have undertaken to build a tower, and spend no more labor on the foundation than would be necessary to erect a hut." — Johann Wolfgang von GoetheOver the years we've been involved in too many "vernacular engineering" debates as management teams argue about whether the statement they've been crafting is a vision, a mission, a statement of values and goals, or the like. Often these philosophical labeling debates are like trying to pick the flyspecks out of the pepper. Unless we're lexicographers and our company is in the dictionary business, we shouldn't worry about the precise definition of vision, mission, values, or whatever we may be calling the words we're using to define who we are and where we're trying to go.What does matter is that our teams have discussed, debated, and decided on the answers t Are these statements fair? First of all I would think it a unique situation in any industry if there were not a difference in earnings between certain individuals and different organisations. So at some point in all industries, “they are making too much” is going to be heard. Just because it is said does not mean it is valid. Secondly, there are a lot of high quality organisations (and Australia has many) that continue to provide quality solutions to contribute to sustainable development. While we would all certainly hope that the need for development activities would disappear, this is not likely in the near future. So for organisations to continue to provide quality inputs, they also need to be sustainable. Clearly, what is important is not that an organisation makes a margin on activities to ensure their own sustainability. What is important is value of the involvement, and that value relates to outcomes and impact, not input. Granted, an interesting debate question could be “at what point does margin go beyond organisational sustainability such that a reduction in margin could still ensure sustainability for the implementing organisation while putting more into the activity/project/community”? But let’s not forget that many of these organisations, and many individuals I have been fortunate enough to get to know, contribute far beyond the technical involvement they are contracted to provide. In a commercial environment, how can more be done? Certainly in my experience of working with individuals and organisations, the commitment to do more is alive and well. The critical aspect that must be the focus of implementing activities, is how to create maximum value, improved outcomes and long-term, positive impact from involvement. Some approaches that have the potential to create improved outcomes that are worth considering include: • Encouraging ongoing professional development within your organisation [or as an individual]. There are a number of quality programs at some Australian universities specifically targeting development. This professional learning can be equally valuable for field prac Easy Steps to Improve Your Business - NOW!
One of the catalysts I use for topic ideas is Chase’s Calendar of Events (if you’re looking to find a publicity “hook” for your business, or for a volunteer organization for which you are trying to raise money, I can’t think of a better tool! www.chases.com) According to Chase’s, May is Business Improvement Month.While you may not be a registered as a business owner, you are indeed involved in the most important business in the world – the “business of life.” The world judges business by “the bottom line” – and although we may not do it consciously, we should judge the business of our lives by whether or not we are actually accomplishing what we deem most important in our lives.Regardless of the business you are in – whether it’s for bottom line profit or nurturing a family (and hopefully both!), there are 4 simple steps that anyone can do to improve their results. Dan Sullivan, founder of The Strategic Coach Program (nal sustainability such that a reduction in margin could still ensure sustainability for the implementing organisation while putting more into the activity/project/community”? But let’s not forget that many of these organisations, and many individuals I have been fortunate enough to get to know, contribute far beyond the technical involvement they are contracted to provide. In a commercial environment, how can more be done? Certainly in my experience of working with individuals and organisations, the commitment to do more is alive and well. The critical aspect that must be the focus of implementing activities, is how to create maximum value, improved outcomes and long-term, positive impact from involvement. Some approaches that have the potential to create improved outcomes that are worth considering include: • Encouraging ongoing professional development within your organisation [or as an individual]. There are a number of quality programs at some Australian universities specifically targeting development. This professional learning can be equally valuable for field practitioners as well as for business development personnel. • Encouraging greater involvement from the education community. Australia is blessed with an incredible pool of talent, and this is especially true in the higher education and vocational education and training sectors. However, the nature of many project activities, both in terms of timing and location, at times keep some ideal candidates from participating – this is a shame for all concerned. • Providing opportunities for teams in the field to keep up to date with new and relevant information. While as professionals we each should accept the responsibility to maintain currency, providing new (including case-study) information to field teams is important. A number of Australia’s quality managing contractors publish excellent newsletters. • Incorporating new blood into project teams. This is often challenging, as the assessment criteria presented in many tendering activities almost appear to preclude newer professionals from being nominated. Presenting balanced teams remains important, both for the benefit of the activity itself, and for building a broader base of qualified and experienced personnel for future activities. • Looking for quality local solutions. While a project opportunity may be let by an international organisation, incorporating local individuals, institutions and/or organisations into project teams has the potential to create superior solutions. This approach offers the advantage of providing some economic value, as well as creating a strong platform for sustainability. And let’s not forget that many local organisations are quality project managers in their own right, so being a junior partner to them remains a very worthwhile consideration. Needless to say, there is still much to be done; however, none of us can control the occurrence of such tragedies as the recent Tsunami. We can, however, continue our individual and collective commitment to contribute and participate at whatever level we are able. And we can ensure our approach to development activities seeks to demonstrate value and focus on outcomes and impact along the path to sustainable community development.
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