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    "Innovation is the central issue in economic prosperity." ~ Michael Porter

  • context and meaning

    "Nothing pains some people more than having to think." ~ Martin Luther King, Jr.

  • "Every great dream begins with a dreamer." ~ Harriet Tubman

  • "It is better to light one candle than to curse the darkness." ~ Chinese proverb.

Posts by: "ydubel"

Lessons from the online poker industry

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The first point of interest in the infographic made for OnlinePoker.org by infographic world is that at the time of creation 11 people had been indicted. These included payment processing companies, and banks that facilitated alleged money laundering, bank and wire fraud.

Next are the range of charges that brought against offending companies. It seems to suggest a risk management strategy built on exploiting loop holes. In the short term they were hitting or even exceeding sales targets, but now many have crumbled. As regulation issues get sorted how many of those that created the industry will survive to see it?

There are lessons in the value of a risk management strategy that includes social impacts. Without a doubt alleged bribery and money laundering are not activities that garner positive social capital returns. The damage done and the cost of a come back escalate when your strategy is primarily reactionary or negatively proactive. The online poker industry is another in a long line of business cautionary tales - hopefully others will take heed of the lessons offered in their failure.

risk management strategy

infographic, created for onlinepoker.org by infographic World,

Can the banking industry benefit from helping to end econcomic abuse?

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Contents
  1. Bank branding and social capital

Bank branding and social capital

When you look at an issue like economic abuse it quickly becomes clear that its tentacles extend to support many social problems. Among them are domestic abuse, which in turn is a leading cause of homelessness, and that becomes a risk factor for other issues...so the snowball continues rolling down the hill toward your town. Whether aware of it or not, banking accounts are used as weapons in the economic abuse scheme that fosters the environment where domestic abuse is a reality.

It is easy to overlook these kinds of things until a public campaign catches the media's attention creating a backlash that can cause significant damage. Today innovation means being proactive rather than just reactive.

This then begs the question, do banks have a responsibility to be involved in advocacy and solutions to end economic abuse?

Money Talks is an Art Based solution integrating social responsibility, branding and lead generation or retention strategies for the financial sector.

Costs of failing to get employee buy-in

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Contents
  1. What's your company's strategy for staff, worker, and employee buy-in?
  2. Zoom in on the costs of failing to increase employee buy-in

What's your company's strategy for staff, worker, and employee buy-in?

In 3 Do's and Don'ts we looked at a few general guiding ideas. And here you're invited to think more strategically about how that relates to some specific issues in employee buy-in or building your risk management strategy. The range of risks your business faces have expanded and so too much your strategy for managing them. This means that your risk management solution or risk management strategy must enhance the process perspective of your plan to get better results. At the most basic level this starts with increasing employee buy-in attention to get better results with retention .

A smart risk management strategy understands the importance sustainable systems thinking and innovation. Beyond integration of new technology comes the challenges associated with having to factor in a bigger picture with faster moving smaller parts. In the bigger scheme of things the issues leading up to the big problem that is easier to attach dollar cost to are harder to quantify. Instead it is the intensity of expression that determines the attention given. Since that is a more complicated conversation here we'll look at some of the costs of failing to get staff buy-in in a scenario that leads to a separation between the worker and the company.

Zoom in on the costs of failing to increase employee buy-in

A look at costs by type of employee and cost by percentage of salary.
  • Entry level - 30-50% of individual's staff salary
  • Mid-level - 150% of individual's salary
  • High level - up to 400% of individual's salary

    • infographic, created for BOLT by nfographic World,

    infographic, created for BOLT by nfographic World,

    Retention, a strategic perspective

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    Contents
    1. What is risk management strategy
    2. Retention - the secret to unlocking employee buy-in benefits
    3. Change and risk management solutions are connected.

    What is risk management strategy

    In 3 Do's and Don'ts we looked at a few general guiding ideas. And here you're invited to think more strategically about how that relates to some specific issues in employe buy-in or building your risk management strategy. This means taking a broad view of impacts and developing risk management strategy that looks beyond penalties and traditional views of risk aversion.

    The range of risks your business faces have expanded and so too much your strategy for managing them. This means that your risk management solution or risk management strategy must enhance the process perspective of your plan to get better results. At the most basic level this starts with increasing employee buy-in attention to retention.

    Retention - the secret to unlocking employee buy-in benefits

    One of the primary reasons employee buy-in gets attention is because it has clearly defined cost to the company. This matters because 3 out of 10 workers plan to seek employment elsewhere. Employee buy-in isn't a one way street where anything can be pushed on to a compliantly passive worker. Instead, it is about the relationships within the organization that define the individuals relationship with the company. That is the first line of opportunity to address the top reasons workers leave - as indicated by this infographic, created for BOLT by nfographic World. Your risk management strategy provides the innovative support your company need to succeed in today's fast paced landscape with quitting employees at a high.

    infographic, created for BOLT by nfographic World,

    infographic, created for BOLT by nfographic World,

    Change and risk management solutions are connected.

    Do you want to learn more about how WebAntiphon's Art Based Solution helps you avoid common mistakes in risk management solution approaches? Click to learn the 3 Do's and Don'ts for increasing employee buy-in

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    3 Do’s and Don’ts for Increasing Employee Buy-In

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    3 Do's and Don'ts for Increasing Employee Buy-In
    By Yvette Dubel

    Many organizations struggle to get employee buy-in of critical policies. This is especially likely to be an issue during times of change and that is a common reality for many corporations/organizations today. However, approaches to this problem tend to only push against resistance creating at best - passive aggressive resistance. At worse, an internal adversary is created. In either case things may seem relatively quiet but that's because the storm brewing is beneath the surface. That kind of situation creates considerably more risk for the organization. This can be a costly situation when it results in litigation or other penalties for compliance failures.

    Fortunately, that's not the only possible outcome. Much can be achieved when you learn to employ strategies that side step resistance instead of pushing against it. Often without realizing it executives, supervisors, managers, and directors may adopt a combative attitude. Regardless of the words spoken the perception can be that she/he is determined to win by forcing the desired result. Well, no one likes to be wrong so most will spring into action to defend their opposing position. A great deal of time, energy and other resources can be wasted in that process which can easily last for months or years and bleed over into other issues.

    Do you think you can benefit from three suggestions to help you avoid that dead-end?

    Well, here are a few insights on the Do's and Don'ts for increasing employee buy-in for those charged with achieving this task.

    1. Don't just shove new policies at employees. This is less about how you do it and more about exactly what you do.

    • Do find creative engaging ways to help employees understand why policy is relevant to them personally.

    2. Don't ignore employee resistance to policies critical to risk management because it is often a precursor to a potential violation problem.

    • Do support development of innovative strategies that engage employees in making personal connection with policies vital to the success of the organization.

    3. Don't rely on strategies that focus on penalties to increase employee compliance.

    • Do use personalized creative incentives to celebrate anticipated progress with employee buy-in.

    Clearly this is not an exhaustive list on how to increase employee buy-in, but it is without a doubt enough to get you started on the path to getting better results. Many of the Don'ts are rooted in traditional approaches to management that aren't very effective today for a number of reasons. Understanding these changes are the focus of many studies in the humanities. Rather than a deep inquiry into the impact of the humanities on business, you might be better served by finding an innovative consultant that can help you benefit from such insights to increase employee buy-in.

    Yvette Dubel is an Innovation Consultant, Conceptual Artist and Artist Researcher. You can contact her via the WebAntiphon Group to learn more about how Art Based Solutions can help you get the better results you want. http://webantiphon.com

    Article Source: http://EzineArticles.com/?expert=Yvette_Dubel
    http://EzineArticles.com/?3-Dos-and-Donts-for-Increasing-Employee-Buy-In&id=7511094

    Fifth Key to Success for nonprofit leadership

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    Contents
    1. Key number five -

    Key number five -

    Thank you for giving this your attention to this Fifth key to success for nonprofits. If you have additional insights or thoughts along these lines to share, please share them.

    Create a solution template that can be customized for each partner

    You’ve done a great job mapping out your solution. Congratulations on that! You’ve taken some important steps to position yourself as an innovative leader. You have probably worked out details about allocation of existing organizational resources and that is another important part of your successful planning. Finally, you want translate that plan into a template you can customize for each partner. This starts with identifying the themes and components that make up your program and actually thinking about them in a more modular fashion.

    Fourth Key to Success for nonprofit leadership

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    Contents
    1. Key number four

    Key number four

    - I appreciate your attention to the fourth key to success for nonprofit leadership. Develop at least one program that creates a solution that is of mutual benefit for the social/environmental organization and the corporate sponsor.

    Now that you’ve picked one problem to help solve take some time to look at what’s in it for you. The reason why is because you will do this anyway. It is natural, but the shift is bringing your new (who you are now) conscious into this development process. Combining compassion and personal integrity has significant implications for your attraction factor (i.e. institutional transparency is one focus with broad impact). And this is an attraction factor in the quest for funding partnerships.

    Third key to success for nonprofit leadership

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    Contents
    1. Key number three

    Key number three

    - Pick one program sponsor problem to focus on.

    When you walk a mile or so in the corporate sponsor’s representative’s shoes you may see a number of problems that they have that you could help them address.
    Don’t be overwhelmed.
    Take a deep breath - let it out and pick one :)

    Oh, here's another tip. Use the insights you get from the previous keys to help guide your focus. You want to find the point of convergence between what your organization does well and a solution a corporate sponsor needs.

    Are you resistant to innovation?

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    Contents
    1. Obstacles to Innovation
    2. Diversity Matters in Innovation

    Obstacles to Innovation

    Diversity Matters in Innovation

    Have you ever noticed that often innovation is used to refer to the quest for a solution to a problem whether the solution is particularly innovative or not?

    What goes unaddressed in many cases is that often this is with considerable resistance to changing related systems and processes that caused or contributed to the problem in the first place. More than just making physical changes in the process, (innovation) the solution may require a complete re-envisioning of the system and the problem. This may not be a big deal when trying to figure out small challenges, but the greater the complexity the less likely it is that the scope will be adequately evaluated.

    The lack of deep diversity within many teams/organizations makes this difficult. In “Structural holes and Good Ideas”#, Ron Burt of University of Chicago found in his study found that there are distinct advantages to “outsider perspectives" in cultivating teams that generate better ideas. Although no two people are impacted exactly the same by a process, having been trained to see and understand the organization/group in a specific way does have implications on the limitations of perspectives...and therefore the possible solutions that will emerge.

    How do we know this is true? Because experience shows that in such situations fundamental assumptions go unquestioned. The reason being that they are such a basic part of the team/groups mental model that they fail to see them as anything other than unchangeable facts. And so amazing opportunities are missed to get better results.