(Cover Photo by Sharon McCutcheon on Unsplash) Reducing business costs and increasing profit... It's the never-ending quest, isn't it? Let me guess, it's one of your goals for the new year? (Don't worry, it's one of ours too.) If you're a business owner or manager, taking care of costs is a daily reality. In any given week, you may spend hours trying to look for ways to optimize your ...
The Dark Side of Happiness (Friedman 94-97) We all want to be happy; it's a natural desire in us all. Many of us spend our lives trying to be happy, or to find the 'secret of eternal happiness' (if such a thing exists). Whether we realize it or not, most of our decisions are made with our happiness in mind. And with good ...
Be sure to check out Part 1 if you've missed it! 4) Experiences are more rewarding than objects (Friedman 89-90) Psychological research has shown that experiences provide a greater happiness boost than material objects. Why is this the case? 1) "Because experiences tend to involve other people, and being in the company of others increases our happiness." 2) "Experiences expose us to new ideas and surroundings, ...
Think about your last casino experience... Did you spend more money than you planned to? Chances are you did. It’s not surprising when you find out that casinos use psychological techniques to attract us, increase our tolerance for risk, increase our desire to gamble and always keep us coming for more. To name a few (Friedman 81-82): The emotional roller coaster of winning and ...
Reason #7: Loss of Trust and Confidence in Senior Leaders As we discussed in last week’s post, trust is a crucial element in the success of any team, anywhere. In big organizations, it’s vital that senior leaders create a culture of trust and integrity that is communicated to all employees and felt by them. https://www.ted.com/talks/worklife_with_adam_grant_creative_burstiness_at_the_daily_show?referrer=playlist-worklife_with_adam_grant&utm_campaign=tedspread&utm_medium=referral&utm_source=tedcomshare The consulting firm Watson-Wyatt has found that companies with ...
