Home Blog Page 29

What is Company Culture? CEOs Share Their Views

By
Forever Mogul Team
-
0

The term ‘company culture’ may be used to define a company’s overall personality and how individuals behave within the organization. The company culture could include several different elements such as the company mission, ethics, goals, values and work environment.

What is company culture? One of the most important aspects of a company culture is that it is ‘pre-existing’, i.e. it isn’t something that is brought in by the employees. So even if a company has a single employee or no employees, it would still have a culture.

The Harvard Business Review states that culture is the guiding force behind non-mandatory behavior of the employees. It is what employees do when they don’t have a handbook to refer to. It is the culture of the organization that teaches employees to respond to unexpected service requests.

The Importance of Company Culture

Nobody wants a workplace that employees hate coming to every day. Ideally, employees should feel excited about the general atmosphere of the workplace, new challenges and cooperating with their co-workers. A job isn’t meant to cause stress in an employee’s life. So even if the work is hard, the company culture should be supportive of the employee’s overall well being and growth.

Research suggests that employees are likely to feel content with the work when their personal values and needs match those of the workplace. This prerequisite allows them to develop healthier relationships at the workplace and also renders them more productive.

Alternatively, when employees work in an organization where they fail to fit into the company culture, they are automatically less happy and have a higher chance to quit the company if a good opportunity comes their way.

Top CEOs on Company Culture

Brian Chesky, the CEO, and co-founder of Airbnb has been successful in leading his fairly young company and has a few tips to share about creating a good company culture:

  • Hire excellent workers, the ones who intimidate you

This may sound confusing but Brian believes that it is crucial to building a highly talented team, a team that might even make you feel uncomfortable with its skill and knowledge. This will ultimately probe you to up your game in order to match their pace.

  • Keep the focus on building the organization

According to Chesky, your original product may not be brilliant, and that is okay. But if you cannot build a strong organization around that product, it will fail to endure. He says that think of the organization as a child. The parents are its founders. It would be disheartening if the parent outlived their child, right? Similarly, it would be tragic if the founders outlived the organization and witnessed it succeed and fall.

  • Culture development is an investment

Developing organizational culture is similar to making an investment. It might interfere with the progress of the company in the short term, but it definitely pays off in the long run.

According to Shellye Archambeau, CEO, MetricStream, culture is not about gourmet meals and free yoga sessions. In successful organizations, culture is focused on creating an environment that thrives on shared principles and values. Company culture refers to the basic ideals of an organization that are critical for daily decision making.

A good corporate culture will allow employees to thrive collectively while achieving all kinds of personal and professional goals. The employees are motivated to put in better work and this, in turn, results in greater customer/client satisfaction and improved performance.

Here are some other tips offered by Archambeau with regards to building company culture:

  • Invest time in listening

Squarespace is a startup firm that does website designing. One of its most distinguishing features is that it maintains an open, flat culture with minimal management levels between executives and staff members. How does this help? Well, employees feel confident when voicing their opinions and open communication is vital for maintaining a healthy company culture. Shelleye recommends distributing regular feedback forms among employees to get acquainted with their grievances and requests. Analyze how many employees have actually participated in the survey and how many questions have been answered in the form. These small cues will give you an idea about the company’s culture and whether or not it is aligned with the corporate values.

  • Focus on collaboration

Ken Blanchard is a renowned leadership expert and has much insight to offer when it comes to developing company culture. According to Blanchard, a single individual can never be as smart as a group of individuals. And this idea is understood by all effective leaders of companies and organizations.

To put it simply, a perfect corporate culture gets developed when everyone works as a team in order to achieve common goals. In such companies, each individual’s contribution adds up to drive the company’s achievements.

Conclusion

Tony Hsieh, Zappos CEO, is a strong advocate of company culture. According to him, the people hired by a company become its representatives everywhere, inside and outside of the workplace. You hire one person who doesn’t fit into your company culture and they could ruin your reputation in front of a customer or client. Therefore, hiring the right people for your organization is one the first steps towards building company culture.

$11M Dream Villa in Jalisco, Mexico

By
Forever Mogul Team
-
0

Encircled on three sides by the Pacific Ocean, with the sound of crashing waves emanating from below and with water views stretching to the horizon, the six-bedroom villa of Casa Millas commands a premier vantage point on three acres in the picturesque exclusive enclave of Rincon in Careyes, Mexico.  $11,000,000

Spacious and quiet, the area surrounding this villa in Mexico boasts a zero crime rate. Close your eyes for a moment and imagine panoramic, picturesque coastline views of your unspoiled beaches and sapphire blue ocean waters. This is what Casa Millas offers.

This villa includes five swimming pools, a private beach setting, a 1,000-square-foot master suite with panoramic views of sunrises and sunsets. There are two luxury guest suites with all his and hers amenities. And in addition to these, there are two large bedrooms with luxury baths. There is a large theatre for all your entertainment needs and a perfectly equipped gym. This villa in Mexico also comes with an SUV and two electric golf carts to help you get around locally.

The dining and living palapas are among the most unique anywhere in the world and are what sets this villa apart from the rest. As you relax and enjoy your escape, a world-class chef will prepare your meals, offering local delicacies and accommodating your every need. A truly private getaway, your friendly on-site staff of five are accommodated in a separate house and eager to serve you. Your private home at Casa Millas is a quiet paradise, among the best places on earth for relaxation and rejuvenation. Just steps away is a tropical world of exotic wildlife and beautiful, natural scenery.

Property Details:

– 17,000 sq ft of indoor-outdoor living space in a rare and natural setting
– Designed by Manolo Mestre, one of Mexico’s leading residential architects
– Breathtaking water views from all principal rooms
– Separate 1,000 sq ft master suite with private roof deck and terrace
– Three luxury guest suites and two en suite bedrooms
– Five infinity pools, theater, gym, and separate staff quarters
– Commercial and private airport approximately five minutes away

This single-family home is for sale and has 6 bedrooms, 8 full baths. This single-family home is listed on the Christie’s International Real Estate website. 

Photo Gallery

Janice Bryant Howroyd: The Woman Who Turned a Loan of $900 Into a Billion Dollar Business

By
Forever Mogul Team
-
0

Rosa Parks had sparked an entire movement with her single act of defiance. Janice Bryant Howroyd is a 67-year-old Black millionairess who chose to be defiant not once, not twice, but on a permanent basis by creating a billion-dollar company that is now a legacy to her children.

Howroyd, who is most famous for being the first black woman whose workforce management company has an annual turnover of $1 billion, is also known for her philanthropy. Howroyd continually makes efforts to honor her ethnicity by being a member of various boards and institutions working towards this common goal.

During this Black History month, it is people like Howroyd who are widely celebrated as one of the most influential icons not just for women, but even men who dream of making it big against all discrimination.

Although Howroyd is a strong, self-driven successful businesswoman today, she has her sturdier parents, John and Elretha K. Bryant to thank for those and several other important values instilled in her. Howroyd was one of 11 siblings and has an interesting story to tell about one of the first lessons of workforce management she learned. It wasn’t at an Ivy League school or hotshot training camp; it was right at home, taught by her mother, and implemented by all 11 siblings. It was simple – each sibling had the one elder to him/her appointed as a mentor to the younger one. While both parents took care of other things, the children managed to complete chores, do homework, and get ready for school on their own.

Howroyd was born and raised in Tarboro, North Carolina, and was enrolled in segregated schools until she was in the 11th grade. Like death, racial discrimination does not spare even children. Howroyd, like millions of other black children of that time, found it challenging to get even a textbook filled with all her pages. While her father taught her to be strong enough to tackle this challenge, her mother encouraged her to find those missing pages and tape them to the books so the next student wouldn’t face the same problem. Her father was confident that his daughter was smart enough not to be held back a class because of a few missing pages.

There are several other such stories that were so impressive to a young mind that they truly molded her spirit and helped her become what she is today. This resilience helped her overcome the challenges black women face even today and become an empathetic leader in the world of personnel management.

The Next Move

Howroyd attended the North Carolina A&T State University and graduated with a degree in English. She then decided to move from her hometown and stay with her older sister Sandy and his husband, Tom Noonan. Noonan was working in the entertainment giant, Billboard. She initially got a job as a temp secretary for Noonan, but he was astute enough to recognize that his young, resourceful sister-in-law had the potential for both management and business in her. When he, along with Sandy, decided to head for a vacation in Italy, he put Howroyd in charge. When he was back, he saw some subtle changes that had been made, and his office was functioning better than before.

Based on his encouragement and belief in herself, Howroyd decided to stop being a temp and achieve her full potential by being her own boss. In one of the several interviews she has given, Howroyd mentioned that although she wanted a fancy address like Beverly Hills in her business profile, she didn’t have the funds for it. She had to borrow $900 from her mother, add it to her savings to bring the total up to $1,500, and get started with her business venture, Act-1. Now spread over 19 countries with more than 2800 workers, it was once a business being run out of the front office of a rug shop in Beverly Hills!

Another critical lesson she learned from her childhood and the struggle of people from her ethnicity was tenacity. When she was growing up, she used to see other black people grabbing opportunities to fulfill their needs. For them, a job was not something they would naturally expect after becoming eligible for it; they had to make it their vision in life and work towards it. Howroyd considers it her privilege that she is able to give back to her community by doing what she enjoys most – helping other people make their dreams come true. A personal lesson she believes in even today is that many people are ready to struggle because what they achieve at the end of it is worth it all.

Under Act-1, there are several other subsidiaries, such as AppleOne, All’s Well, Agile-1, ACheck Global. The groups of companies don’t just work to find the right hires for their elite customers, but also perform background checks and offers consultations on human resources. AppleOne.com was, in fact, one of the earliest websites launched for people looking to get jobs online.

Howroyd’s husband, Bernard Howroyd, who Janice playfully insists, is a “great guy,” is one of the co-founders of AppleOne. Howroy’d children, Brett and Katherine, also hold important positions in the vast Act-1 empire.

More About Howroyd

Apart from being a firm believer in valuing the job seeker more than the client companies looking to hire them, Howroyd is known for being a smart businesswoman who faced ridicule because of her ethnicity and still makes it big. She chose to ignore snide and often openly insensitive remarks and remain focused on her business. She has written two books and serves on numerous economic, social, educational, and political councils. She had also remained a key adviser to the President of the United States when Barack Obama was in office.

Howroyd is truly an inspiration because despite facing gender challenges in addition to being black, she remembered her childhood lessons, turned them into viable business values, and continues to empower several other strong, willing people like her all over the world. It’s more than being just a strong African American woman; it’s about personifying a race that is renowned for being passionate and unbreakable.

Oprah Winfrey’s Legacy of Philanthropy Will Inspire the Best in All of Us: Here’s Why

By
Forever Mogul Team
-
0
Oprah

The name Oprah Winfrey sparks adulation and admiration galore. Oprah Winfrey, the talk show host, media executive, actress, and billionaire philanthropist, is a household name, and for all the best reasons.

Oprah rose to prominence when he secured her own talk show ‘The Oprah Winfrey Show’ back in 1986. At the time, she refrained from discussing exploitative tabloid topics that seemed to be plastered across all media channels back then. She carried out open conversations, and her warm and personal style resonated with people extremely well. The show ran successfully for 25 years until 2011 and amassed her plenty of love and respect from people across all age groups.

Fast forward a few years later, she launched her own TV network, OWN. Besides being a media mogul, she also hosts Oprah’s Book Club and Oprah’s Favourite Things, both of which are platforms that discuss her favorite reads and her most preferred annual holiday gifts. She soon earned the prestigious title of being the first black woman billionaire in the world, becoming an inspiration to many.

One of the main reasons for Oprah’s rise to fame was her authenticity. She showcased a bold and confident aura, which was perfectly complemented by her giving nature. She is famously known to have been the giver of the most amazing presents to her studio audience members during several tapings of her show.

Oprah’s giving nature extends to her lifestyle that beams with several philanthropic ventures. Off-camera, Oprah has extended her riches to numerous causes, much to the gratitude of those who were truly in need.

Here are some of the most memorable ways in which Oprah gave back to society –

N Street Village

Back in 2016, Oprah donated $1 Million to N Street Village, a non-profit organization based in Washington, D.C. This organization provides homeless and low-income women with housing, advocacy, and other services.

The Oprah Winfrey Leadership Academy for Girls

Oprah founded The Oprah Winfrey Leadership Academy for Girls back in the year 2007. The academy is financially supported by a foundation that carries the same name. The school hosts underprivileged girls between grades eight to twelve. Oprah funds all of the girls’ living expenses and school essentials. She not only visits the campus on a weekly basis but also chats with each girl during her visits. All of the students absolutely adore Oprah and have given her the moniker ‘Mama O’ to profess their love.

Rise Against Hunger/ Feeding America

Oprah collaborated with the Kraft Heinz Company and released the O, That’s Good! line in 2017. The food line consists of four soups and four side dishes. Oprah donated ten percent of the profits she made from the line to the charity organizations Rise Against Hunger and Feeding America.

Logan Square Neighbourhood Association

The city of Chicago holds a very special place in Oprah’s heart, considering that she filmed The Oprah Winfrey Show here for 25 years. In 2011, she donated a $25,000 grant to Chicago’s Logan Square Neighbourhood Association, intended to serve over 7000 adults and children through various programs.

Save the Children

Back in 2009, Oprah welcomed Tererai Trent on her talk show, a woman whose inspirational story moved millions. She welcomed back the Zimbabwe native once again in 2011 and supported her dream of building a school in her village, by donating a generous $1.5 Million towards the efforts. The funding was sponsored by the Oprah Winfrey Foundation to Save the Children and went to good use to rebuild the Matau Primary School in Zimbabwe.

Hurricane Katrina

On the heels of the massive devastation caused by Hurricane Katrina on the Gulf coast, Oprah donated $10 Million of her own money towards rehabilitation efforts in the area. She set up the Oprah’s Angel Network Homes Registry to help victims acquire lost items from the storm. In just under a year, Oprah’s viewers donated over $10.5 Million in charitable gifts to the registry.

GEANCO Foundation

In 2015, Oprah donated $100,000 to the GEANCO Foundation, in honor of her co-star David Oyelowo, who supports the charity. The charitable organization offers health and education programs to women and girls in Nigeria.

Ron Clark Academy

Oprah welcomed the co-founder and owner of a private non-profit middle school, Ron Clark, on her talk show several times. While attending a celebration of the 10th anniversary of the Southeast Atlanta middle school, Oprah revealed that she would be donating $5 million towards the school’s funding.

Time’s Up

Oprah Winfrey passionately believes in the empowerment of women. She is a staunch supporter of the Time’s Up movement – which was created to address inequality and discrimination towards women in the workplace. In 2018, she donated $100,000 to the cause, in the hope of creating improvement in-laws, employment agreements, as well as corporate policies that identify and hold discriminators accountable.

These are just a few of the many charitable ventures that Oprah has been a part of. Rightfully known as the queen of daytime TV, Oprah often discussed the power of giving through her talk show. In one such taping of her show in 2006, she gave each audience member a $1000 debit card and urged them to donate the amount to a charity organization of their choice.

Through these efforts, Oprah not only looked to financially help people but to also inspire them to be kind and giving. For all this and more, there is no doubt that Oprah Winfrey stands to be one of the most influential persons of all time.

The Inspiring Story of Aliko Dangote: The Richest Man In Africa

By
Forever Mogul Team
-
0
Aliko-Dangote

On the prestigious list of wealthiest billionaires in the world is a Nigerian standing strong near the top quarters – Aliko Dangote. Born and brought up in Kano State, Nigeria, Aliko Dangote is the richest man in Africa and also the richest black person in the world, according to Forbes. With an estimated net worth of $14.1 billion, Aliko Dangote is the Founder and Chairman of Dangote Cement, the company that produces 45.6 million metric tonnes annually with operations in ten countries across Africa. This company is also his primary source of income. 

Although he was born into a wealthy Muslim family, he wanted to set out in the world on his own. In 1978, he borrowed $3,000 from his uncle. He began an import and export business for agricultural goods in Nigeria. The operations of the company were so successful that he didn’t only repay his uncle in the next few months, his company is today the largest private sector company in Nigeria. Today, Aliko Dangote deals in not just agricultural goods but also oil, gas, consumer goods such as sugar, cement, flour, and manufacturing.

Aliko owes his business acumen to his maternal grandfather

Aliko’s drive to dream big and do something phenomenal started since he was a small kid. His maternal grandfather instilled a business mindset in him from the beginning. In 2015, in an interview for Forbes, Aliko said, ‘When you are raised by an entrepreneurial parent or grandparent you pick that aspiration. It makes you much more aggressive – to think anything is possible.’ At the mere age of 8, Aliko would use his pocket money to buy sweets, and then give the sweets to some people to sell for a profit. 

Years passed by, and in 1977, Aliko Dangote graduated from Al-Azhar University in Egypt. He soon moved to Lagos, which was then a buzzing financial hub. This was the headquarters of his very first business adventure, which he started with the loan from his uncle. He was mostly dealing in rice and sugar, and a daily net profit of $1,000 allowed him to repay his uncle in a mere three months. He soon wanted to stop acting as a middleman and wanted to be independent. He started a plant in 1997 that produced pasta, sugar, rice, and flour.

This was also the time that trade had started to flourish in Africa, especially in Lagos. Oil was the most popular choice amongst businessmen, but Aliko chose to stick to consumer goods. Once he had a strong footing in consumer goods, he decided to venture out in oil. In 2007, he purchased an oil refinery in Lagos. The purpose of doing so was to reduce Nigeria’s dependence on international oil and gas suppliers and create new jobs for Nigerians. The oil refinery is expected to be at full capacity by 2020 and will produce over 650,000 barrels of oil per day.

Aliko soon started working on expanding his empire

Aliko never believed in holding money in the bank and always reinvested his profits back into the company. In 2005, he constructed another multi-million dollar manufacturing plant. Aliko financed the project partially with his profits and partially with a loan from the International Finance Corporation. Today, he has separate publicly traded companies in all four divisions for his manufacturing business – Dangote Sugar Refinery PLC., National Salt Company of Nigeria PLC., Dangote Flour Mills PLC., and Dangote Cements PLC. 

Apart from business, Aliko started taking a particular interest in philanthropy. He wanted flourishing trade not just to benefit his companies but also to the people of Africa. He started the Dangote Foundation with one mission – uplift the lives of underserved people in Nigeria and the rest of Africa. He built schools and hospitals and also aided the government with poverty eradication initiatives. Aliko has spent over $6 billion in rehabilitating universities in Nigeria.

He’s not only helped with healthcare and education but also aided the people who were severely hit with natural disasters over the last few years. He helped families recuperate from their losses. Aliko also donated towards the work of providing electricity to several villages in Nigeria. Aliko has worked in the empowerment of women and youth as well – giving them microloans to help them set up their small businesses. While most of his efforts have been focused on doing well for the people of Nigeria, his ultimate mission is to expand these philanthropic efforts to every area of Africa that he can. 

He still dreams of making Africa great

Aliko could have ventured to other countries to conduct and expand his business, but he chose to stick to his motherland, Africa, and make Africa rich. All his operations work in the best interest of Africa, and he wants to impact humanity to dream big and do bold things in life. He believes starting multi-million dollar projects in Africa will give Africans the jobs that they need so desperately. This will allow them to earn more than just minimum wages and lead a comfortable and thriving life. 

By reinvesting all his profits back into new businesses, he is creating jobs and trying to make Africa great. His philanthropic efforts have helped millions by empowering and uplifting them from their poverty. He doesn’t believe that Africa needs any outside help to do so. Aliko has always dreamt of making it big and creating job opportunities in Africa, and the philanthropist in him doesn’t want to stop. We once said, ‘We Africans are the only ones that can make Africa great.’ This belief has always stayed with him and made him the richest man in Africa. 

Codecasa Presents Aircraft Inspired Yacht Concept

By
Forever Mogul Team
-
0

Italian shipyard Codecasa has unveiled plans for the new 230-foot aircraft-inspired yacht called Codecasa Jet 2020, which looks like a floating jumbo jet. Codecasa describes it as “a one-of-a-kind creative explosion” that fuses aviation and marine design.

Sporting numerous stylistic features “borrowed” from aviation, the Codecasa Jet 2020 has been hailed by the yard as “breaking the mould” of yacht design. “The result is something that has never been seen before on the sea,” the yard said. The design will include “clean and minimal lines” with “huge exterior and interior spaces”. 

Codecasa Yachts

The bow emulates the nose of a jumbo jet and the forward section is solid and round in shape similar to a cockpit. Meanwhile, the aft “develops vertically, recalling the “tail of an aircraft,” and there are small rounded rectangle windows dotting the sides of the vessel just like a jumbo jet.

The main deck bow area is dedicated to the owner’s suite while the eight guests are accommodated in four cabins on the lower deck. The crew quarters sit forward of the lower deck while the captain’s cabin meanwhile is adjoined to the pilothouse on the bridge deck. This deck is serviced by a lift connecting all three decks.

Codecasa Yachts

The design’s centrepiece is a remarkable sundeck that will span approximately 65 feet in length and 32 feet in width. Here, guests will have access to an expansive recessed swimming pool, which will measure 20 feet long, as well as a sunbathing area and covered gym. There is also a sea-level Beach Club which boasts its own lift and adjoining sky lounge with large glass windows.

To top it off, Codecasa Jet 2020 will be fitted with a helipad to accommodate medium- or large-sized choppers and a double tender area, which will be able to accommodate all manner of sea explorer.

Inside, the jet-yacht hybrid will have space for 10 guests. A luxurious owner’s suite will occupy the whole main deck bow area, while four well-appointed guest cabins will be located in the lower deck next to the crew quarters which comprise the forward area.

Construction on the project will begin in the first half of 2020.

Your Business Needs a Mobility Plan

By
Forever Mogul Team
-
0

Are you itching to see your company grow by leaps and bounds? Still not satisfied with the excellent small business that you own? Do you want your business to become a reputable giant in the industry? This is good. This is how a true entrepreneur should feel. To become a true business mogul, you need to have big ambitions for your company and should always be looking to expand your business further.

This is where mobility comes in. It is the single most important factor that makes or breaks your expansion efforts. Mobility in business refers to all the technology, business practices and strategies that are used by a company to conduct business without depending solely on a single headquarters. Mobility allows a company to open up at different locations, work with different clients and vendors spread across the nation and to connect with employees and customers from around the globe.

However, mobility could be a fuzzy topic and most businesspeople define it in two ways. According to the latest study by Citrix Systems – the leader in virtualization, 28 percent of respondents defined mobility as the ability to be able to work from anywhere and on any device for the company. Another 22 percent defined mobility as the ability to be able to connect to the corporate network from outside the workplace. These definitions may differ slightly, but they go to show that mobility means different things for different companies. Based on future plans, employee-employer relationships, type of service or product offered by the company, geographical location, and other similar factors, mobility can imply vastly different practices for business.

Why your company needs a mobility plan

Every business has unique goals and milestones that it wants to achieve. As a result, the goals of mobility techniques will also be different for each company. However, many businesses seem to overlook this fact and use the ad hoc approach for business mobility. It is strongly recommended that a company carefully analyze its goals and the problems that it wishes to solve with regard to mobility and then get the necessary communication technologies and strategies in place to build mobility.

Luckily, the Citrix study shows that 47 percent of respondents have formal mobility strategies in place with 37 percent indicating that they are looking to have formal strategies within a year. This promising picture comes mainly due to the fact that most companies have now begun to realize how important it is to have formal mobility plans and strategies in place to implement mobility in a cost-effective, efficient and secure manner.

The study also shows that 24 percent of businesses agree that mobility can transform their business and that it should be the number one priority of the company. 21 percent agree that mobility differentiates a company from its competitors. If you feel the same way, you know how crucial mobility can be to your business.

You must already be aware that BYOD (Bring Your Own Device), cloud computing, virtualization, file-sharing systems, and enterprise app solutions are some of the best ways to implement mobility. But these are complex technologies that need significant investments and must be a long-term goal. Moreover, as technology is advancing rapidly, mobility systems must also be constantly updated, maintained and repaired. This adds to operational costs significantly. This is why it is so important to have a well thought out and realistic mobility plan before implementing one. Without a plan and by going in blind, mobility will cost you much more than necessary, will become outdated easily and will have the chances of becoming buggy and difficult to work with, making it a bane and not a boon for your company.

Tech or IT and business leaders in your company must formulate a mobility plan before any action is taken. Bringing in mobility experts to ratify the plan is also a wise move.

Benefits of mobility for your business

  • Increased productivity

Employees these days often have to travel long distances to get to work and the commute can not only be emotionally and physically draining but can also eat into the time that the employee can devote to work. With mobility, your employees will be able to connect to the company network from their homes or even while they are commuting to start work and get to the most important, pressing tasks quickly. Traffic jams and other problems will have less of an impact on their productivity, as they will be able to work on the go with the help of their personal devices.

  • Capture and retain the best talent

A large part of the workforce these days are unable to work for the company they want to because they do not want to relocate, or do not want to work full-time jobs in an office, as they want to be with their families. BYOD, cloud computing, enterprise apps, SaaS and file-sharing systems along with high-speed internet connections allow such talented yet inconvenienced employees to work from a far off location for the company. With mobility, you will be able to attract and manage top talent from around the world.

  • Cater to a mobile world

As more and more businesses are implementing mobility systems in their workplaces, they are slowly ensuring that their business processes and technologies are complying with the mobile world. Mobile devices reign supreme and the need to increase mobility-optimized systems allows companies to gradually build more mobile-friendly systems.

The Importance of Emotional Intelligence for Effective Leadership

By
Forever Mogul Team
-
0

Emotional Intelligence is the fulcrum of your personal and professional achievements. Often considered secondary to knowledge and technical skills, emotional intelligence, in reality, is what differentiates a good leader from an excellent one. Strange as it might sound, the ability to understand our personal feelings and emotions is a rare quality. Leading other people to achieve great results becomes a distant dream when you are unaware of your own emotional triggers and strengths. An effective leader must know the impact his words, actions and behavior have on his team and on the people around him in general; only then can he act in an exemplary manner. Emotional Intelligence provides you with that awareness.

What is Emotional Intelligence?

Simply put, emotional intelligence is the ability to be fully aware of your own emotions which in turn equips you to better understand others’ emotions. A person with high emotional intelligence has an inherent knowledge of emotions and can respond positively to it irrespective of the demands of the situation. Conducting oneself gracefully in stressful situations, providing guidance and leadership even in chaos while remaining faithful to one’s core nature are some of the signs of an emotionally aware individual.

Why Is Emotional Intelligence Essential For a Leader?

Many leadership theories advocate the idea that a leader needs to be professional and must not allow any scope for emotions in his dealings with his team. This is extremely detrimental as it is impossible and unhealthy to sweep our feelings under the rug. A leader needs to be at peace with his inner feelings to be able to shoulder and channelize the emotions of his team to a positive end. Emotional intelligence also makes a leader a better communicator who can solve problems without being judgemental. Most importantly, awareness of emotions allows a leader to never react in an undesirable manner under provocation or stress. Employees tend to feel more secure and valued under a leader who never lets his emotions get the better of him.

Key Factors of Emotional Intelligence

Your emotional intelligence is dependent on a bevy of elements that can be enhanced to become an effective leader. These aspects include –

  1. Self-Awareness – An understanding of your core strengths and weaknesses will help you not just in leadership but in every aspect of life. Just as it is important to be confident in your abilities, a leader must also possess humility in order to function. Being aware of yourself also means that you understand your emotional triggers and can regulate your behavior in stressful conditions.

The emotional side of the brain or Amygdala and the cognitive side or Neocortex are engaged in a constant struggle for power. In a pleasant environment, the human brain can process multiple roles and communications at once. However, once the amygdala gains control of our mind, this ability drops by 75 percent reducing us to view the world in term of fixed binaries. As a result, we tend to get offended, read too much into people’s words and start giving in to despair.

  1. Reflection and Regulation – A leader must always reflect on his actions and the results it produced. Based on those results modifications need to be made in the thought process and behavior. A leader who is high on emotional intelligence almost never loses his cool and is calm by nature. This is simply because he knows a better way than to react aggressively or become verbally abusive. Self-regulation allows a leader to focus on the solution rather than express dissatisfaction about an issue at hand.
  2. Purposeful Communication – Effective Communication is the hallmark of a team’s success. A leader needs to set clear goals and objectives in order to enable his team to perform optimally. Lack of communication often leads to confusion and frustration which compound to become misunderstandings. Good communication enables each member of a team to understand their purpose as well as the company’s vision.
  3. Empathy – A compassionate attitude can go a long way in retaining an employee and an emotionally intelligent leader not just gives directions but creates room for his team to see him as an emotional anchor in times of need. Instead or ordering an employee to work overtime, explaining why his services are needed additionally makes a world of difference. Responding to your employees’ behavior and actions by putting yourself in their positions makes a leader seem trustworthy and reliable.
  4. Managing Conflict – One of the skills that define a great leader is the ability to resolve conflict harmoniously. In order to do this, a leader should be able to view change as a way of growth. Even a seemingly bad outcome can have positive aspects if only a person has the foresight to look past it.

Conflicts can occur within the team as well. It is for the leader to designate defined roles to every team member to avoid any kind of dissatisfaction or disappointment. Emotional intelligence also provides a leader the ability to remain unbiased.

  1. Social Skills – A leader’s behavior determines the attitude of the entire team. If the leader exhibits politeness, humility, and dignity in his dealing with others, the team is bound to follow suit.

Command over emotional intelligence can help a leader create a positive work environment in which every employee is motivated and inspired to take the team to uncharted heights.

Mercedes-Benz Retains Crown As World’s Top Luxury-Car Brand

By
Forever Mogul Team
-
0
Mercedes-Benz S Class

Mercedes-Benz successfully defended its crown as the world’s bestselling luxury-car brand, beating rivals BMW and Audi for the fourth year in a row. The win emerged on Friday when BMW reported sales of its namesake branded vehicles rose 2% to a record 2.17 million cars last year. 

Demand for upscale vehicles has proved to be more resilient than the mass market segment, which has seen sales crimped in some regions by slower economic growth and fallout from trade disputes.

Mercedes said it posted sales records in Germany, China, and the U.S. thanks to strong demand for its SUVs and high-end sedans. BMW said it will double sales of its luxury-class cars between 2018 and 2020, buoyed by the introduction of its X7 SUV last year. The brand said demand rose 6.2 percent in China, where local customers ordered the top-end Maybach Mercedes S-class limousine at a rate of more than 700 vehicles a month.

While deliveries of expensive models in China — the world’s largest auto market — have held up, the outlook could darken for the German luxury automakers due to their exposure to potentially higher auto tariffs between the U.S., China, and Europe.

Looking ahead, BMW said it’s targeting a slight increase in group sales this year along with “solid sales growth” in China. In Europe, sales are expected to be on par with 2019 due to a “deterioration in the economic environment” and rise slightly in the U.S. The company already gave an indication of its sales and outlook earlier this week.

“Thanks to our large model offensive, we once again succeeded in increasing our sales to a new high in 2019,” BMW’s sales head Pieter Nota said in the statement. “I am confident that we will continue on our successful course in the current year.”

Audi’s new sales chief Hildegard Wortmann said Tuesday a relatively new product lineup should help the brand sustain positive sales momentum and win back ground lost to Mercedes-Benz and BMW in recent years. After a dismal first half of the year, deliveries bounced back toward the end of 2019. Global Audi sales rose 1.8% to 1.85 million cars.

BMW shares rose 0.1% to 74.41 euros at 10:01 a.m. in Frankfurt while Daimler fell 0.5% to 49.46 euros.

20 Stocks Every Savvy Investor Needs to Consider Investing In, In 2020

By
Forever Mogul Team
-
0

There’s good news, and there’s not so good news. The not-so-good news is that 2020 could be a volatile year for the stock market – every bit as volatile as was the previous year. The best and most thriving stocks will need to have great growth prospects, durability, be recession-resistant, and yield high dividends. The good news is that there are several companies that fit the bill. Here is a list of 20 stocks every savvy investor should consider investing in, in 2020.

1. AstraZeneca is a UK-based pharmaceutical giant, with a market value of $125.9 billion and a dividend yield of 2.9%. The company has premier products for cancer treatment, as well as cardiovascular, respiratory, and renal treatments as well as others.

2. Chemours is a chemical manufacturer. With a $2.6 billion market value and a dividend yield of 6.2%, you can be sure that this is a shareholder-friendly business. The company produces major products, including titanium dioxides, that deliver hardness and brightness to porcelain enamels.

3. Copart is an automotive services business with a market value of $20.5 billion. The company runs online vehicle auctions and, to a large extent, sells damaged cars for insurance companies. Over the last three years, Copart stocks have more than tripled.

4. Costco is a discount warehouse club retailer that has consistently shown strong comparable-store sales. Costco has a reputation for having a solid macroeconomic environment, deals with much-wanted low price commodities, and has new e-commerce services like delivery.

5. CVS health is a pharmacy retail and health insurance company that is making a big name for itself with its walk-in MinuteClinics. The company offers basic health care such as flu shots and tests for strep throat.

6. Diamond Offshore Drilling is an oil and gas drilling company. While 2019 has been a disastrous year for energy stocks, Diamond Offshore Drilling’s majority shareholder is Loew’s, which is run by the Tisch family – flush with cash. Energy prices will inevitably rebound and Diamond will be a great stock to buy.

7. Innovative Industrial Properties is already very profitable and making big strides at a very quick space on Wall Street. The last year started with the company, including 11 medical marijuana processing properties to its portfolio.

8. Social media site, Pinterest, has seen exceptionally strong growth in terms of its users. Monthly active user count was an all-time high of 322 million at the end of September 2019.

9. Intercept Pharmaceuticals has come out with a new drug application – the only medication that has some hope of alleviating non-alcoholic steatohepatitis – a liver disease that has no cure. The drug is known to reduce the levels of liver fibrosis significantly.

10. Redfin is an online real estate brokerage company. The company has been concentrating on making buying and selling of real estate a seamless experience for both buyers and sellers. Its market share has been on the rise since Q1 2019.

11. Meet Group is an online dating site that is worth over $3 billion in yearly revenue. The company provides its clients with live streaming and social media interaction, as well as online dating. Meet Group has a large mobile portfolio of apps such as MeetMe, Tagged, Growl, Skout, and Loovoo that have all contributed to the expanded business.

12. StoneCo is a $10 billion business management software development firm is in the limelight for its Brazilian fintech offerings. The company’s stocks are predicted to double in 2020.

13.  Ping Identity is a cybersecurity provider with a difference. The company makes use of machine learning and artificial intelligence to identify users and to ensure computers are trusted.

14. Livongo Health is a health solutions provider that enables people by taking more care of themselves. Livongo Health’s products are a disruptor in the space of diabetics and hypertension.

15. Lovesac is a home furnishings company. Although the company did not do well amid the 2019 trade-war concerns, the company has very quickly and effectively surged forward to remove any worries of the trade war’s impact on the future.

16. Amarin is a biotech company that manufactures Vascepa – an FDA-verified, purified fish oil derivative that is used to treat hypertriglyceridemia (SHTG). Wall Street is excited about this company’s stocks, thanks to Vascepa.

17. CalAmp is a software and subscription-based service. CalAmp was hurt in previous quarters by weak sales in its Telematics segment as well as because of the trade war with China. But this year it is predicted that the company will grow.

18. Aimmune Therapeutics manufactures Palforzia that is a drug to reduce the symptoms associated with peanut allergy in children in teenagers. No other FDA drug is approved to treat this dangerous allergy.

19. Stitch Fix is a retailer that is all set to disrupt the retail market. The company offers stylists to pick out accessories and outfits for its customers who can then decide to either return these items or buy them. Its direct buy program allows members to purchase personalized and curated products directly online simply. Both these approaches are predicted to lead to accelerated growth in its revenue.

20. Teva Pharmaceutical Industries had a hard time for 4 straight years. The company was mixed up in lawsuits, over the pricing of drugs, bribery allegations, and was deep in debt. However, experts believe that Teva has been making strong and steady progress on its lawsuits and has also been offering free medication in select states. Once the opioid suits are done with, Teva is going to be pretty much at the top.

1...282930Page 29 of 30

Championing everything that is the business mogul culture. Building a business empire, the lifestyle, and philanthropy with a social conscience.

Quick Access

Company Info

Social Networks

© 2024 FOREVER MOGUL - ALL RIGHTS RESERVED