 | From the Editor's Desk
The Two Choices That Keep a Midlife Crisis at Bay The midlife-crisis phenomenon has taken on almost mythic proportions in the American psyche over the past century. The term was first coined by the Canadian psychoanalyst Elliott Jaques, who noticed a pattern in the lives of "great men" in history: Many of them lost productivity - and even died - in their mid-to-late-30s, which was midlife in past centuries. The idea entered the popular consciousness in the 1970s when the author Gail Sheehy wrote her mega.best seller Passages: Predictable Crises of Adult Life. Sheehy argued that around the age of 40, both men and women tend to descend into a crisis about getting old, running out of time to meet their goals, and questioning life choices. She based her work on in-depth case interviews with 115 individuals, the most famous of whom was the auto entrepreneur John DeLorean. He went on to become infamous in 1982, when, at the age of 57, he was arrested for attempting to sell about 60 pounds of cocaine to undercover federal agents.
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WorkWorkRussia's Lavrov in Turkey to discuss plan to ship Ukrainian grain You may click on “Your Choices” below to learn about and use cookie management tools to limit use of cookies when you visit NPR’s sites. This page will also tell you how you can reject cookies and still obtain access to NPR’s sites, and you can adjust your cookie choices in those tools at any time. If you click “Agree and Continue” below, you acknowledge that your cookie choices in those tools will be respected and that you otherwise agree to the use of cookies on NPR’s sites. WorkWork WorkWork WorkRussia Is in Topsy-Turvy World Where Belarus Tops German Exports (Bloomberg) -- Billionaire hedge fund founder Ray Dalio said central banks across the globe will be required to cut interest rates in 2024 after a period of stagflation constrains their economies, according to the Australian Financial Review.Most Read from BloombergAmazon’s Stock Split Delivers More Than Bargained ForTarget Tries to Save Itself by Putting Everything on SaleTarget\'s Oversupply Problem Should Scare All RetailersApple Products Set to Use Common Charging Point After EU DealTop Econo Work Work4 Meanings Behind Likes that You Receive on Social Media Its no secret that social media marketing is one of the most effective and inexpensive ways for your business to reach out to individuals and other businesses. When someone follows your business on a social media platform, your posts will show up on their feed. The drawback of old-fashioned email marketing is that your ad [] Work WorkWork WorkWork WorkWhy Companies Do Innovation Theater Instead of Actual Innovation As organizations grow, they begin to prioritize process over product. That impedes real innovation. When organizations realize this, they typically respond in three ways: By hiring consultants to do a reorg (thats organizational theater), adopt new processes such as hackathons to spur innovation (thats innovation theater), or take steps to try to reform their bureaucratic behaviors (thats process theater). Instead, what organizations need is an Innovation Doctrine that addresses culture, mindset, and process and guides the organizations efforts to achieve real innovations. Work WorkDont Just Tell Employees Organizational Changes Are Coming Explain Why From leadership transitions and restructurings to mergers and acquisitions, there seems to be constant change in the workforce. But surveys show that many employees dont understand why these changes are happening. This can be detrimental for any company trying to implement change. When employees dont understand why changes are happening, it can be a barrier to driving ownership and commitment, and even result in resistance or push back. Executives and those responsible for leading change cannot assume that employees understand the reasoning behind them. Its important to spend time explaining the changes and why they are important. There are four key aspects to helping employees understand change, to drive commitment, and to ultimately contribute to your success: 1) Inspire people by presenting a compelling vision for the future, 2) Keep employees informed by providing regular communications, 3) Empower leaders and managers to lead through change, and 4) Find creative ways to involve employees in the change. WorkWorkWorkHow to (Actually) Change Someones Mind Much of leadership boils down to turning adversaries into allies. In this piece, the authors discuss three persuasion strategies leaders can employ when faced with a disagreement in the workplace: the Cognitive Conversation, which is best for convincing colleagues focused on the rational reasons behind a decision, the Champion Conversation, which is best for convincing colleagues with whom you have a strained relationship, and the Credible Colleague Approach, which is best for convincing someone who has preconceived notions that youre unlikely to be able to change on your own. Armed with these three methods, leaders can modulate their arguments in terms of both content and presentation to maximize their chances of reaching an agreement and preserving a positive working relationship. WorkWorkWorkWorkWorkFBI seizes retired general's data related to Qatar lobbying You may click on “Your Choices” below to learn about and use cookie management tools to limit use of cookies when you visit NPR’s sites. This page will also tell you how you can reject cookies and still obtain access to NPR’s sites, and you can adjust your cookie choices in those tools at any time. If you click “Agree and Continue” below, you acknowledge that your cookie choices in those tools will be respected and that you otherwise agree to the use of cookies on NPR’s sites. WorkA big 32-hour workweek test is underway. Supporters think it could help productivity You may click on “Your Choices” below to learn about and use cookie management tools to limit use of cookies when you visit NPR’s sites. This page will also tell you how you can reject cookies and still obtain access to NPR’s sites, and you can adjust your cookie choices in those tools at any time. If you click “Agree and Continue” below, you acknowledge that your cookie choices in those tools will be respected and that you otherwise agree to the use of cookies on NPR’s sites. WorkStock futures dip following two straight days of gains on Wall Street \"The question is whether this slower implied pace of tightening is attributable to the belief that the Fed will meet its policy goals or because the economy will be tipping into recession,\" said Gargi Chaudhuri, head of iShares investment strategy at BlackRock. \"We believe the US will avoid a recession.\" WorkWorkWorkWorkWhy the Future Doesn't Need Us Why the future doesnt need us. Our most powerful 21st-century technologies robotics, genetic engineering, and nanotech are threatening to make humans an endangered species. WorkA New Way to Choose Your Next Book Most books are sold online, where its impossible to replicate the experience of browsing in a brick-and-mortar store. Book-discovery apps aim to change that. WorkWorkCostco discussing membership rate hikes after renewals hit 90% Tonya Garcia is a MarketWatch reporter covering retail and consumer-oriented companies. You can follow her on Twitter @tgarcianyc. She is based in New York. Tonya joined MarketWatch from Moguldom Media, where she was business editor for MadameNoire, a website targeting African-American women with a range of content from personal finance to economics, politics, education and lifestyle and entertainment. She also worked at Mediabistro, and previously handled media relations for MSLGroup’s consumer practice. WorkHow Coca-Cola, Netflix, and Amazon Learn from Failure Too many leaders live in fear of mistakes, missteps, and disappointments. But if youre not prepared to fail, youre not prepared to learn. In May, right after he became CEO of Coca-Cola Co., James Quincey called upon rank-and-file managers to get beyond the fear of failure that had dogged the company since the New Coke fiasco of so many years ago. If were not making mistakes, he insisted, were not trying hard enough. In June, even as his company was enjoying unparalleled success with its subscribers, Netflix CEO Reed Hastings worried that his fabulously valuable streaming service had too many hit shows and was canceling too few new shows. Our hit ratio is too high right now, he told a technology conference. We have to take more riskto try more crazy thingswe should have a higher cancel rate overall. Even Amazon CEO Jeff Bezos, arguably the most successful entrepreneur in the world, makes the case as directly as he can that his companys growth and innovation is built on its failures. If youre going to take bold bets, theyre going to be experiments, he explained shortly after Amazon bought Whole Foods. And if theyre experiments, you dont know ahead of time if theyre going to work. Experiments are by their very nature prone to failure. But a few big successes compensate for dozens and dozens of things that didnt work. WorkWorkWorkWork5 Public Space Office Alternatives for the Lone Entrepreneur When you are a solopreneur or freelancer, investing in a office space can usher in an unwelcome amount of overhead costs, which can ultimately drag down the profits of your business. Some of us have the resources to put together a secluded home office, but that doesnt stop our home environment from being full of [] WorkWorkWorkWorkMining value from consumer data © PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details. Mentions of Strategy& refer to the global team of practical strategists that is integrated within the PwC network of firms. For more about Strategy&, see www.strategyand.pwc.com. No reproduction is permitted in whole or part without written permission of PwC. “strategy+business” is a trademark of PwC. |
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