Mostrando entradas con la etiqueta business. Mostrar todas las entradas
Mostrando entradas con la etiqueta business. Mostrar todas las entradas

martes, 16 de septiembre de 2014

How to become a CEO in the organization without paying with life


How to become a CEO in the organization without paying with life (Only God can do everything alone)


Background

This reflection is aimed at talented people working, with professional and demonstrated ability, leadership skills and strong commitment to the organization and work; eventually, as a reward for a great performance, they will become top executives. This is not a message for people in the public sector, because they can get those charges, and usually happen, without having the necessary professional and competitive merits, only luck, and a great capacity for manipulation, cynicism and even immorality. There are exceptions but they are not very relevant, are sporadic cases.

It is expected that a professional aspire to the highest offices, exhibiting and working and professional achievements as maintenance, which is a desirable situation. Best of the organization must be forward because the business image and stay in the business world are consolidated with them.

In the past, the relative stability and low complexity of life, limited business dynamics, allowed a senior executive, in addition to professional success, had a similar counterpart in the familiar. A happy family, health and career success.

 
Currently, the business complexity, volatility and rapid changes in the attitudes of consumers of goods or services, fierce competition from anywhere in the world, make it hard to balance work and family, in many cases it favors the first element with a very high cost, limited family life and of low quality or life itself.

Professional success and family life

Factors explaining career success are numerous, so for simplicity we consider some that are relevant and useful to the subject development; others act similarly.

The graph 1 shows these factors. The responsibilities of work, which involves the will to fulfill the duties and the decision to influence others to do the same, as a motivating ambition of optimal behavior, the execution of critical and noncritical tasks with discretion and proper preparation to make the best decisions, strategic and not strategic planning and also the will to continuously improve the professional and personal skills, the ability and willingness for continuous learning.


Graph 1 show that in general, the executive shows a high performance, so the time spent on these activities is very high. It could be the profile of a "workaholic".

In the family there are also goals and conditions for achieve them. This parallelism is considered important because no person acts in isolation, no executive lacks a family and responsibilities included (exceptions do not invalidate this statement); and as it aspires to succeed in the organization, it also aspires to succeed with and for the family. Chart 2 shows the relevant aspects.

 Spending time with family members, quality time to be used to perform common enriching tasks, dialogue, adventures, trips or holiday outings, practice hobbies, support members family in times of transition or crisis, and even the loss of time and creative leisure. Tasks seem trivial but full life requires time allocation between productive activities and creative tasks, fun or “creative leisure”.

Figure 2 can be understood as a consequence of the state shown in Figure 1. lot of hard work, almost abandoning the family. The diagram may correspond to that of the CEO of a large corporation but their situation regarding family and personal life is not enviable.


 
Returning to the first situation. If a spider diagram, show the proximity to the circle as the crowning achievement in each of the categories shown; proximity to the origin shows a poor performance. The same happens in the family aspect, the closer to the outer circle, the higher the satisfaction and better spend more time with family.


A major challenge to achieve both goals is limited time. For all it is absolutely impossible to add one second a day to be with family or improve the work without neglecting the family. Intense tradeoff between the two is created. If you want to optimize performance at work, be an example of dedication and efficiency, as executive you should stay longer in the business, be the first to arrive and the last to leave. The company wins, but the family lost; significant gaps remain and this is seen in Figure 3.


You can consider this as a pyrrhic victory for the executive, which achieves significant results for the organization but sacrifices the most valuable, authentic and the essence of life, interaction with family, children, spouse, parents, and friends.

Table 1 shows 8 categories selected and the possibility of time by making them that only a leader or a business executive can take. The delegation to collaborators is one of them, and what is presented is not a rule, but a suggestion that could be considered, as each executive has his priorities and options; in any case it is to illustrate the idea that it is possible to reach the top of the organization without dying in the attempt, without paying the price of success with family harmony and life.


                   Table 1 Categories of performance in the organization


Category
Type of activity
Option
Familiar Trade off
Responsability
Not delegated
Support and advice are possible
No
Ambition (for achievements)
Not delegated
 
No
Critical tasks
Not delegated
Support and advice are possible
No
Noncritical tasks
Delegated
Support and advice are possible
Yes
Improvement studies
Not delegated
Support and advice are possible 
Partially
Skills development, on-site training
Not delegated
Support and advice are possible
Partially
Critical Planning (strategic)
Not delegated
Support and advice are possible
No
No critical planning
Delegated
 
Yes

   Source: Own (CRR / 2014)

In the table above, you can see some factors that can be managed so that the organizational objective is achieved without losing quality, timeliness, and relevance while gaining time for family.

In Figure 4 the coveted work-life balance is shown as it searched for the many executives as the "holy grail" of happiness. You can then reach the top in the organization, achieve professional goals, while enjoying the sublime pleasures derived from shared with son and other family member’s time.

 

Conclusions

The work-family balance is not only positive and desirable; is recommended because the executive or professional have time for personal matters, but this does not means selfishness or neglect of responsibility at work; It is good because the benefits are very favorable. Health, emotional and psychological balance, physical and emotional strength away executive enemies: Stress, occupational diseases, the nightmare of burnout, family tragedies from overwork and confinement in the company.

There are many cases of bright executives, competitive professionals, with great personal and social merits who suddenly die of a heart attack, one of the common causes. Most impressive is that they were young with a great future; therefore his death is a great loss for the organization, society and family. How would this person enjoyed in life, whether to reach the summit had walked more calmly or was inevitable accelerated pace, to not load on their shoulders all the responsibility would delegate tasks and responsibilities, to disconnect from the organization and live fully?

 In conclusion, you may be the CEO or top executive, achieve other significant goals in the organization without addressing the opportunity cost associated to the neglect of family life. Just follow the principle of Archimedes, calling for a lever to hold the world. The lever is the partner or partners in those roles, tasks and responsibilities are delegated, and the executive is one who like Archimedes, knows that it is possible to achieve an impossible task if it has proper mechanism. And being wise means, being a leader, trust each other, know how to choose the best, have empathy, get others to trust in one. You cannot have divinity as God, do everything yourself, but you can get the wisdom.

This approach is desirable at the present time with more intensity, because of the complexity and unpredictability of events in business and life.

sábado, 12 de julio de 2014

Economic growth, development and Institutions

Economic growth, development and institutions: The challenge of independence of the judiciary

A study on the independence of the judiciary level leads us to investigate the relationship between the degree of this independence and the level of economic growth or development. New Zealand tops In the study by the World Economic Forum (Ref 1), New Zealand is listed first, while Venezuela, following the chaotic and disparate political, social and institutional system, is in last place. New Zealand tops the ranking with a score of 6.7, Finland and Ireland, with 6.6 and 6.4; and Hong Kong and Norway, with 6.3
 
Source: (1) The 10 countries with the law ....

The picture in Latin America, very different but not surprised by the location of Chile in the No. 25 position, while Peru is ranked No. 126. Among the former include Chile (27th), Costa Rica (37th) and Brazil (55) the average is between 5.3 and 3.9. Among the latter, Peru (126 º), Argentina (132 º) and Paraguay (146 º), with less than 2.5.
The Global Competitiveness Report 2013-2014, which makes the World Economic Forum, headquartered in Geneva, including a ranking of judicial independence. It is based on a survey that asks how judges are autonomous from the influences of government and business. In the index, 1 means that are heavily influenced, and 7, which are entirely independent (Ref. 1
 
 
Source: (1) The 10 countries with the law ....

Before submitting a thesis on the impact of the independence of Justica system on growth and development, ask What is an independent judiciary?
 

In Ref 1 by Carlos Gregorio de Gràcia, Doctor of Laws from the University of Buenos Aires, "there are three dimensions of judicial independence. The Executive, companies and non-governmental sectors to. A fourth is internal, if the judges of lower courts have freedom of choice with respect to the dome system, which can be a tip or the Supreme Court "


Autonomy or dependency court system also depends heavily on how judges are selected. For Carlos Gregorio (Ref 1), "Mechanisms of choice exam scores and public hearings ensure a more independent judiciary. Designation If passed by the Supreme Court no less independence"

 
This is perhaps one of the most critical problems in countries like Peru, where the judicial system is taken over by those who do not meet the professional and personal requirements, being able to verify that there is an inverse relationship between the ability to hold high judicial office and powers professionals (legal knowledge, expertise, doctrine) and personal (honesty, self-confidence, integrity, simplicity, personality); why independence is a remote and increasingly unaffordable option, then no wonder the place in the ranking (126th). In Chile, renowned jurists and proven professional skills, not only lawyers, judges greater powers are.


Transparency is also an important factor. When all decisions and judicial proceedings are accessible to anyone, it is easier to check whether a judge ruled pressure or collusion with any party. The control you can exert the press, free and independent is important.

 
If you check the location of developed European countries and Latin America (considering the honorable exceptions such as Chile and Uruguay), the question arises why not exist or degrades and loses the independence of the judiciary? The absence of mechanisms that allow or require accountability of judges. Thus it is very difficult to determine when one is negligent or corrupt and, if discovering it, move it.
If there is corruption, the corrupt judge corrupt others to maintain their position, creating a web of corruption and favoritism in which everyone defend and hide behind each other. It actually makes a perverse aphorism, "Today you protect me and cover it up, tomorrow will protect and hide from"


Returning to the subject of economic growth and development What means the level of independence of the judiciary? First, the ability of defense of arbitrary government and other public bodies, the degree of confidence in the legal system, transparency and consequently reducing costs in contracts and other agreements that are made between nationals and foreigners. This association of realities in turn has a direct impact on growth and less noticeable or obvious in a first partnership on the development way.

 
When there is trust, legal stability, the business is going better, the contracts are fulfilled and paradoxically less recourse to justice and that there are fewer conflicts, defaults, risks, it has less involvement in problem solving, which hand are less harmful and reduced in quantity. Economic growth is a result, and if you add the existence of situations of prosperity, increased trade and production, increase productivity, increase development options.

 
In some circumstances it is understood as the existence of legal stability will legal conditions that favor certain parties to a contract, in an investment project; but not our vision that corresponds to a general confidence and security for all citizens, regardless of the type of activity or the magnitude of it.

 
Justice, legal stability only for those who can afford it is part of the corruption and therefore is not valued as an important objective.
 
When there is independence of the judiciary, and the ability and integrity of its members, corruption, a major cost overruns is reduced, that increases the return on investment, stimulate entrepreneurship, involving more economic agents production processes. Corruption is controlled not only by the greater social confidence but because in these circumstances, in addition to the autonomy you can expect a stern, impartial judiciary laws that apply to them accordingly.
 
Moreover, growth is the necessary condition for the development as it creates or allows to obtain the necessary resources to perform actions involving the development, such as the existence and functioning of a good educational system or health.
 
Our thesis is this: The more independent the judicial system with the benefits mentioned above (trust, lower transaction costs, security, increased performance, investments), economic growth is the natural response to this situation; moreover a more healthy and authentic (not spurious, based on an independent juridicial system), growth development will also realizable as resources are used wisely, transparency and a long-term vision. In the absence of systematic, institutional corruption and organized (as exists in countries that rank lowest in the ranking from position 100), the development resources are used efficiently and objectives are achieved, for example, provide the country of a quality education system.
 
There is a situation that will be the subject of a full investigation to which I call "trap of judicial office" regarding development, in which low levels of independence even if economic growth (which may it be as a consequence of favorable external events, such as the boom in commodity exports), the level of development is stalled; slight increases with increasing independence and economic growth are observed; From a critical point, turning point, clear and permanent independence of the judiciary is associated with increased growth and this in turn with a level of development with increasing intensity.
 
To overcome the "dependency trap the judicial system" and society has evolved so much that there is a direct normal relationship between perceived independence and development. In the graph illustrate this thesis. In Pc, critical point, point the level of independence of the judicial system is so high that the conditions for growth and development are given so that if growth stalled for various reasons, the development may be delayed, halted or decrease but would not return to the lower levels that are associated with undeveloped society. We have created the foundations of a society prepared for the good and bad times



The graph above may also occur with a different orientation, while maintaining the relationship of influence: The independence of the judicial system affects the economic growth, this on the development and indirectly, the independence (or dependence) of the judicial system on the development of a country.
 





Although this discussion focuses on the judicial system, in fact, all political, legal or any other type whose existence and actions have an impact on growth, and through the development of this applies






References
Ref 1. The 10 countries with the world's independent judiciary
http://www.infobae.com/2014/06/21/1574793-los-10-paises-la-justicia-mas-independiente-del-mundo