Why do good companies and smart leaders sometimes make bad decisions Viewpoint careers advice blog

Why do good companies and smart leaders sometimes make bad decisions Tesco, previously a star, has had a rough time of it recently. The stock price has declined from a high of 450p to under 300p. Watching its decline brings to mind the many stories of hubris in the business world (not to mention the worlds of politics, leadership, the military and life in general). Attempts by retailers to expand internationally provide plenty of examples, including Marks and Spencer, Carrefour and Walmart. Risky decisions to expand are made. The international ventures disappoint. Meanwhile, the domestic base is milked and potentially neglected, risking fundamental problems that are hard to shake off. Hopefully this is not the situation in your organisation â€" but hubris can creep into decision processes at any time. So, why do good companies, and smart leaders, sometimes make such bad decisions? Of course, there are many possible answers, and the purpose of a blog is to start a debate â€" so please provide your personal views. As a stimulus to the discussion, here are four situations under which my research suggests there is an increased risk of a bad decision: Misleading experiences. This occurs when we are faced with an unfamiliar situation which feels familiar. Under these conditions we can think we recognize something when we do not. For example, many UK retailers have gone to the US taking their experience of successful UK business models with them â€" only to find that they don’t work in that market. Misleading prejudgments. This occurs when our thinking has been primed before we begin to evaluate the situation, by previous judgments or decisions we have made that connect with the current situation. For example, Tesco has done well in the UK by acquiring sites where they could build large stores. But, such stores are less appealing to today’s shoppers â€" who are more interested in convenience stores and discounters offering a limited range at low prices. Nevertheless, Tesco kept investing in bigger stores. Philip Clarke, their CEO, admits, “I probably should have stopped more quickly their (large stores) expansion”. Inappropriate self-interest. Of course, people are self-interested, and often this drives them to be successful in their careers. However, our brains are particularly influenced by short term consequences â€" to the point where we can make decisions that damage our interests in the long term. For example, it appears that the UK has been used by Tesco to prop up its profits and shareprice while losses mounted in some international investments. This has provided a price umbrella for competitors in the UK, resulting in a long term problem that will be painful to fix. As one analyst put it, “Tesco did not deal with the issue of discounters and increased competition five years ago, and it’s going to be more expensive to deal with it today.” Inappropriate attachments. Self-interest is a powerful emotional driver of decision making â€" but so is the love of other people, places and things. Making the cutbacks necessary to put Tesco back on a firm foundation may mean writing off some long term growth opportunities and may damage the careers of some managers and employees. This may be difficult for someone such as Philip Clarke, who has been at Tesco for 40 years. To spot whether there is a particularly high risk of a flawed decision, consider whether any of these four factors might be at play. If you spot that there is a high risk of a bad decision, the next step is to think about what you can do about it. But that should be the topic of another blog! For more information on my research and book in this area, you can download an article here. Engage with fellow HR professionals across the globe and stay up to date with the latest HR news, by joining our LinkedIn group. Join the conversation // Want to further hone your leadership skills? Our leadership tips and advice will help you become the leader you want to be

Why Nobody Is Talking About Resume Writing Services round Rock Tx and What You Need to be Doing Right Now About It

Why Nobody Is Talking About Resume Writing Services round Rock Tx and What You Need to do Right Now About It When you require the absolute best rec center gear, you ought to guarantee you assess the wellness preparing office which will have the absolute best. In case you're scanning for a breathtaking technique to stay in shape, look at Snap Fitness, a total help exercise center in Georgetown, TX. It will be basic to get the master administrations of the wellness preparing office that will ask that you pay a decent charge. The administrations which you will get to the wellness preparing office will be a factor to guide you in picking the absolute best. What Needs to be Done About Resume Writing Services round Rock Tx Before You Miss Your Chance Below you will find a few records on all the absolute best evaluated continue composing administrations we could discover. Our group of scholars is made out of experienced experts in the territory of recruiting and they definitely see how to p ut your absolute best face forward, what things to underscore and what data should be accentuated. Every author has some expertise in a specific territory, to ensure they are using the right key expressions that will intrigue businesses and enrollment specialists of a specific industry. Finding the absolute best San Francisco continue essayist can be troublesome. Resume Writing Services round Rock Tx Secrets That No One Else Knows About If you are looking for top exposition composing organizations, give a shot the referenced previously. Regardless of that you select, remember that resume composing is a creating industry and there are loads of people who're needing a powerful resume. An expertly composed resume or CV supplies a mess more than basically posting your aptitudes in a typical manner. On the off chance that you wish to get high great exploration and proposal papers in time and at a reasonable cost, you ought to most likely endeavor utilizing EssaySupply.com. Likewise, you can get help with the perfect method to gain the proposition for employment and compensation you have earned. In the event that you don't have a lot of work foundation use what you have to innovatively tailor the experience to arrange with the activity that you're looking for. Each activity should be practiced by pros as you'll never call sterile specialist at whatever point you have toothache. Whatever activity you might be watching out for, you'll absolutely discover it here. On the off chance that you aren't satisfied with the result, you generally have the alternative to request that your writer modify the substance to ensure it is made precisely how you need it. You will work with a resume author who's able to make the archive which best suits your necessities. At that point be certain that you use precisely the same sorts of words on your resume.

Why You Should Apply for a Citigroup Internship

Why You Should Apply for a Citigroup Internship Why You Should Apply for a Citigroup Internship In the event that youre as of now an understudy or an ongoing college alumni hoping to pick up involvement with the money related administrations part, you ought to consider applying for a Citigroup temporary job. With approximately 200 million clients, Citigroup does business in excess of 160 nations and purviews. Citigroup is without a doubt a money related administrations industry juggernaut. On the off chance that you need monetary help understanding and need to be a piece of a worldwide organization, consider Citigroup (frequently alluded to as Citi). Every year the organization chooses a portion of the universes most splendid understudies and exceptional contender to partake in their late spring entry level position program. The review beneath will furnish you with all the data you need about these temporary positions and how you can approach applying. Accessible Internships in the US and Abroad Temporary jobs are accessible in the U.S., Europe, the Middle East, and Africa. The incredible thing about a Citigroup entry level position is that the organization is so big you can seek after an assortment of fields in the monetary administrations division. The rundown beneath takes a gander at the top (however all) zones understudies may work in. Venture BankingOperations Information TechnologyConsumer BankingFinanceQuantitative AnalysisCorporate BankingInfrastructure TechnologyGlobal Consumer Bank Qualification and Requirements To fit the bill for a Citigroup temporary position, you should be a school junior, senior, graduate understudy, or an ongoing alumni. Since temporary positions are accessible in various fields, Citigroup acknowledges understudies who have examined a wide scope of subjects or finished past entry level positions in a wide scope of territories In particular, Citigroup looks for understudies who have instructive and work involvement with the accompanying fields: AccountingCommerceFinanceEconomicsBusiness Notwithstanding those fields, understudies who are majoring in law, arithmetic, material science, designing, innovation, or HR are urged to apply. Its significant that relational attributes assume a key job when Citigroup makes its last choice. Citigroup searches for understudies who are amazing cooperative individuals, exceptionally energetic and have solid numerical and relational abilities. Candidates ought to likewise have a want to succeed, trustworthiness, and an enthusiasm for the money related industry. Temporary position Compensation and Benefits Citi has a past filled with offering a serious pay for temporary positions, yet installment will fluctuate contingent upon the field, area and the understudies foundation. The duties interns have would in general be tantamount to those of full-time partners in entry-level positions. Assistants might have the option to participate in mentoring programs, professional advancement exercises, and get-togethers. Citi likewise has a well-developed diversity activity that manages individuals from varying backgrounds the chance to be really effective in their vocations. The Citi Employee Network Program has 130 sections for workers from the accompanying foundations: Asian HeritageBlack HeritagedisABILITY (guardians and individuals with disabilities)GenerationsHispanic/Latino HeritageMilitary VeteransParentsPride (lesbians, gays, bisexuals, and transgenders)Roots/MulticulturalWomen Application Process and Deadlines On the off chance that you need to enter the universe of monetary administrations, at that point visit Citi online to apply for an entry level position. Cutoff times change, so check the organization site occasionally or toward the start of the fall semester if youre looking for a mid year temporary position. Remember that (because of interest) many financial internships have early deadlines, and recruiting on school grounds for fund occupations starts sooner than numerous different businesses. Dont be astounded on the off chance that you see a September deadline for a mid year temporary position.

How to Deal with redundancy

How to Deal with redundancy by Michael Cheary Losing your job can be one of the hardest things you have to face in life. Often, the combination of emotions can be overwhelming, leaving you depressed with your confidence severely knocked.Redundancy is never easy, but there are ways to soften the blow. Heres what to do to prepare yourself if the worst has happened. How to: Achieve a work/life balance>Step one:  Try not to take it personallyThis can often be the most important thing to consider when facing redundancy. Losing your job is extremely stressful, but you’re not alone. It’s an unfortunate fact that hundreds of thousands of people are made redundant every year in the UK. Possible reasons for redundancy could include:Your role in the company or the service you offer is no longer requiredYour role in the company no longer existsYour employer is looking to cut costsThe business is closing down or moving siteWhatever happens, and whatever your circumstances, there are always positives you can take from the situation. The important thing is not that you have lost your job, but how you deal with losing your job.REMEMBER: Always check your contract first (if you have one) to see what you’re entitled to. How to: Achieve a work/life balance>Step two:  Know your rightsBefore you do anything, it’s vitally important that you check your entitlements. All employers are required by law to follow a strict set of guidelines when making any redundancies. Your employer should:Give you a written explanation of why you’re being let goGive you at least one week’s notice if you’ve been employed between one month and two yearsGive its employee representatives (i.e. union) 30 days notice if they are making between 20 and 99 redundanciesGive its employee representatives 90 days notice if they are making over 100 redundanciesTry and find you alternative work in the organisation if possible.If your employer is forced to be selective in making redundancies, there are a number of factors wh ich will be considered. These include disciplinary and attendance records, qualifications, experience and competency of work.If any of these things haven’t happened, or haven’t been considered, your redundancy may be considered as an unfair dismissal.REMEMBER: You do have the right to appeal against your redundancy. If you feel that you were not properly consulted, you have not been given adequate compensation, or you have been discriminated against in any way, shape or form, you can take your case to an employment tribunal to dispute the decision.How to: Achieve a work/life balance>Step three:  Redundancy payYou are entitled to redundancy pay if you have been with the company for two years or more. You should also receive a written explanation of how your employer calculated it.The amount you are compensated will vary depending on your age, and how long you have been with the company. If the company has gone into administration, or has other financial difficulties meaning that they cannot afford the payment, the Redundancy Payments Office may make the payment.For specific information about how much redundancy pay you are entitled to, you can use Directgov’s online calculator.How to: Achieve a work/life balance>Step four:  Planning your financesIf you do receive a redundancy payment, don’t get tempted to spend a lump sum straight away. It may sound obvious, but it’s always worth drawing up a list of your outgoings and trying to determine a budget moving forward. This will also help to give you a timespan: so you know exactly how far your money will go, and how long you can dedicate to finding a new position.You will of course be entitled to state benefits during your period of unemployment, for example Jobseeker’s Allowance or Income Support. To find out exactly how much you can claim, visit your local Jobcentre+.How to: Achieve a work/life balance>Step five:  Searching for workOnce you’ve sorted your finances, and set yourself a deadline, you ca n then start to search for work with a sense of focus (and hopefully a little less pressure). The most crucial thing is to begin with is to update your CV.No matter how long you have been in your previous role, there will be skills and achievements which you can take into your new job. It’s not as simple as just adding the dates, and a few tasks. You can use your attributes and accomplishments throughout your CV. This will not only show practical representations of your career development , but also show that you’re a more rounded candidate.Also, it’s probably been a while since you’ve updated it. Freshen it up, add a specifically crafted cover letter for each role, and you’re ready to go. For help and guidance writing your CV, and for examples and CV templates, our CV builder is the best place to start.How to: find a new jobRedundancy cover letter templateRedundancy CV template How to: Achieve a work/life balance>Final thoughtsIf financially viable, try offering your empl oyer to drop your hours or a temporary wage decrease. This could be a short-term way of bringing in some form of income, while still continuing your job search.It can be tempting, but don’t spend every hour of every day looking for jobs. You will only add more pressure on yourself, and find the process tedious very quickly. Also, it can be incredibly depressing.Network, network, network. If you know anyone in your industry, let them know you’re looking for work. You’ll be surprised what your contacts can throw up.Tell people that matter. Your partner, friends and family are sure to offer you support and guidance. More often than not, they have been in a similar situation at some point.You should not be ashamed of your redundancy. It is not a reflection of your work, and you should never start doubting yourself. It could happen to anyone, and it does.If it all begins to get too much: don’t panic. There are people that can help if you begin to feel overwhelmed. (Acas)  offers free advice on employment rights, and your local Citizens Advice Bureau (CAB) can also provide free and impartial advice.Turn a negative into a positive: your redundancy could be the perfect time to move forward in your career, or change your career direction. Deal with it in the right way, and you’ll be fine.