How to use your Lizard Brain in decision-making
? Sue Tinnish, PhD
Empowering Leadership & Growth | Executive Coach | Vistage Chair | Peer Group Facilitator
Welcome to the?MAD?newsletter - for C-level Executives who want to?Make?A?Difference - in themselves and their organizations. Highlights for the week of September 19, 2022: #DecisionMaking , #NewTechnologies , #Innovation and more.
In this Issue
Should you rely on your Lizard Brain?
You need both emotion and reason to make good decisions. Cheryl Strauss Einhorn, CEO of decision-making consultancy Decisive, offers a technique to help leaders strike the difficult balance of using both brain and gut in decision making. She calls it emotional bookending.?Read how to harness both in this Inc. article, Steal This CEO's Emotional Bookends Technique to Make Much Better Decisions .?
Technology that Matters Most
New analysis by the McKinsey Technology Council highlights the development, possible uses, and industry effects of advanced technologies. The graphics in this analysis plot interest and innovation (comparing 2018 to 2021) and shows 2021 investment in each technology which include:
The?research overview ?(full report) summaries of all 14 technology trends. Many of these technologies will affect all organizations.?Reexamine and think again about how these investments will affect your organization.?
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Quietly Returning
We’ve heard a lot recently about “quiet quitting.”?It’s the belief that many at work are intentionally doing nothing more than absolutely necessary, but not actually quitting. Combined with all the other challenges of the War for Talent, employers could really use a break.
They may be about to get one. The strong stock and housing markets during the pandemic encouraged many Boomers to retire early.?It now appears that some of those same Boomers are starting to look for a way back to the workforce; ”quietly returning,”?you might call it.
Part of this is due to inflation and other financial factors.?However, one study suggests that the primary reason for quietly returning is neither fear of outliving savings nor inflation woes. This is a trend that may provide employers some new options:?Check out this Forbes article for more?Not Quietly Quitting But Quietly Returning,?Older Workers are Changing Work and Retirement.
领英推荐
Innovation Unpacked
The outcomes of successful innovation usually appear obvious in hindsight;??It’s hardly ever obvious in advance.?Henry Ford once remarked that “If I’d asked customers what they wanted, they would’ve told me a faster horse.”?In other words, your customer often can’t tell you what they really?want until after they see it, which is not very helpful if you’re the innovator.?What might be helpful is a?process to determine what a customer might want.??
When people look to improve something in their lives, they’re usually thinking about three specific dimensions: functional, social, and emotional.?Tap into the “unspoken needs” in this article,?What’s the Secret to Successful innovation?
First Hired, First Fired?
We are still in a robust labor market?but there are definite signs of slowing….and maybe reversing. We had mass layoffs early in the pandemic, then rapid hiring …and now many companies?“scaling back hiring plans as the Federal Reserve aggressively raises interest rates to fight inflation.”?An article from Bloomberg warns?It’s White-Collar Jobs That Are at Risk in the Next Recession .???It’s already underway.??Check out this graphic that I shared a few weeks ago
Econ Recon
Housing:?You can’t talk about the economy without talking about housing and Brian Beaulieu of ITR Economics has a few words on the subject.?The hot market we enjoyed during the pandemic has cooled and may be taking a rest over the next year. Check his one-page analysis??What’s Up with Housing?
More, but less:?Check out Dr. Brian Wesbury’s latest take on August Retail Sales.?He points out?“Retail sales rose 0.3% in August, but the underlying details were not as solid as the overall headline number suggests. …..Yes, consumers are spending more, but they are not taking home the same amount of goods.”??Check out his one page analysis of?August Retail Sales .
Feel free to reshare this week's newsletter. I also distribute it via email and am happy to add your customers, vendors, and other colleagues to my distribution list. Thanks for reading.
Wishing you a productive week!
Sue Tinnish, PhD,?Vistage Chair, Facilitator, & Executive Coach
Find me easily at: 847.404.7325,?[email protected] , Twitter:?@STinnish, LinkedIn:??www.dhirubhai.net/in/suetinnish , Website:??https://vistage.com/chairs/sue.tinnish
Helping high-ticket B2B service businesses close MORE deals FASTER at HIGHER PRICES using First-Time Offers that will break your cash register. ?? Podcast Host ?? Multi Best-Selling Author
2 年The "quiet quitting" movement is interesting. I just did a full-day strategy with someone who will benefit greatly from that. Unfortunately, it means more US jobs will move overseas. I hope this is the outcome the "quiet quitters' wanted.
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2 年The Forbes article "Quiet Returning" makes a good point: "Retirees are an overlooked talent pool that companies can and should engage in to combat labor shortages.” Right now, it looks like supply chain issues are improving; could Baby Boomers save us from more labor shortages in Q4 with all this returning? Hey, let's think big...could we hit a trifecta; have the Russia/Ukraine war end, and drive down inflation before 2023? One can dream.
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2 年Here is a quote from the "It’s White-Collar Jobs That Are at Risk in the Next Recession" article - suggesting that workers are concerned about inflation and possible recession - I guess it just goes to show that the market is unpredictable, and "forecasts are always wrong." (thank you Sharon Novak and Operations Strategy class at MIT Sloan School of Management). "The rate of people quitting jobs, typically a sign of confidence they can find another one, has hit its lowest level in more than a year."
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2 年Great Information
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2 年Sue - I love "quietly returning"