MANAGING in the

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Managing Teams

In the ongoing digital-age, companies across the functional spectrum are exploring ways to ensure their employees be more data-driven. One of the crucial challenges to this is the dearth in talent available. Some concepts though have been identified which will help companies fix a better data strategy. To start off, the leaders must start thinking like data scientists. Hands-on experience must be provided to employees on working with data scientists, as that will build the empathy. Another tactic is that beyond merely data warehousing, leaders need to proactively set the data quality. All kinds of data will not generate the kind of business insights the firm may be seeking. To make better use of the data available, control charts may be produced as they help in visual representation of problems. The team members must also understand that causation and correlation are not the same. This they can better appreciate post a Root-Cause Analysis (RCA). Working in the digital age requires a minimum understanding of regression analysis. Ready refreshers are available

Source:https://hbr.org/2018/11/5-concepts-that-will-help-your-team-be-more-data-driven?utm_medium=email&utm_source=newsletter_daily&utm_campaign=dailyalert_activesubs&utm_content=signinnudge&referral=00563&deliveryName=DM17804

Uploaded Date:08 November 2018

In the world of talent recruitment, there exists a term called “executive maturity”. This is the phase from simply recruiting others to helping others perform better. For psychologists, certain trends rise and fall. Staying ahead of the curve with pace is what is setting the theme right now. This phase from ego-drive to co-drive requires an understanding that one has already proven himself/herself, but needs to work on others now. Exponents of corporate training too must realize that their job is to energize others, rather than merely being energetic themselves. They must ensure that tasks get congregated together, rather than being delegated. One must seek self-propulsion instead of pace-setting. All this will go way beyond just the teamwork. It will happen when one lets go of control. Otherwise the team will be overtly dependent on the leader’s presence.

Source:https://hbr.org/2018/10/help-your-team-do-more-without-burning-out?utm_medium=email&utm_source=newsletter_daily&utm_campaign=dailyalert_activesubs&utm_content=signinnudge&referral=00563&deliveryName=DM16476

Uploaded Date:05 November 2018

Thanks to the proliferation of data, companies are now able to make business decisions in a more evidence-based manner rather than relying on intuition as was earlier the case. A cultural transformation is required for companies to be data-driven. Managers will need to be change agents, but backed by senior leadership, who are themselves often loathe to such change. Three key recommendations have emerged to facilitate this change. For a start, leaders need to stimulate critical thinking within the firm. Investment has to be made on specific management training modules to overcome the gaps. The right talent recruitment needs to be made of people who are adept at analytics, or who gaps can be mended through the right training.

source:https://hbr.org/2018/10/3-ways-to-build-a-data-driven-team

Uploaded Date:17 October 2018

A lot of businesses are now being gripped under clouds of digital transformation. Some have made a successful transition while others are still grappling with it. That is where agile teams can really make a difference. Unlike the popular perception, dictatorial style of management does not work well during crises situations. Due to the enormous variability in businesses, rigid structures are not well-inclined towards transformative processes. Agile teams on the other hand are adept at communication to realize the broad strategic ambitions of the firm. Agile leaders strengthen the communication lines within. They are great at imparting management training. That is why instead of commanding, they coach their team members. Learning loops get strengthened under such leaders who vouch for progress rather than perfection. Instead of measuring or rewarding individuals, agile leaders channel this towards entire teams.

Source:https://hbr.org/2018/07/how-agile-teams-can-help-turnarounds-succeed

Uploaded Date:27 September 2018

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