Why simulations help companies discover themselves | Zara stays on top by anticipating trends | CEO pay becomes a tax issue for companies in Portland, Ore.
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December 9, 2016
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Leading Edge
[Try, even if you're not 100% ready]
People tend to respond better to and connect with effort than perfection, writes Julie Winkle Giulioni. By sharing early drafts of projects or putting yourself out there, you might find that you're more appreciated.
[SmartBrief/Leadership] (12/8)
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[Why simulations help companies discover themselves]
Simulations can help companies build more prepared, nimble teams and test out strategic shifts before committing to them. According to New Relic executive Yvonne Wassenaar, simulations can foster empathy within an executive team, help identify untapped sources of talent and encourage long-term thinking.
[First Round Review] (12/2)
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Embrace Disruptive Innovation
Traditional business is constantly being impacted by overwhelming and sudden shifts in the marketplace. This new normal is "disruptive innovation". Read this white paper to learn what disruptive innovation is and how your company can use cloud ERP to stay in the game.
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Strategic Management
[Zara stays on top by anticipating trends]
Zara is able to offer the latest fashion trends by listening to customers' requests and then using high-tech manufacturing and logistics programs to meet those needs. The retailer recently brought a coat from design to retail in just 25 days.
[Fast Company online] (12/6), [The Wall Street Journal (tiered subscription model)] (12/6)
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[CEO pay becomes a tax issue for companies in Portland, Ore.]
Portland, Ore., recently voted to impose a surtax on companies whose CEOs have annual salaries more than 100 times the median pay of their workforce. The city was able to add the levy to an existing business tax, which also exists in cities such as Philadelphia.
[The New York Times (free-article access for SmartBrief readers)] (12/7), [The Oregonian (Portland)] (12/8)
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Get with the flow. How payment processing affects cash flow.
Cash flow is the lubricant of business. Without a healthy cash flow, business dries up. It stops. It can't function. Which is why it is vital to keep the revenues coming in as the expenses go out. But there's one aspect of cash flow that many of us are not aware of. It is how managing credit cards and other such non-cash payments affect cash flow. Turns out it has a huge affect. [Download the free guide today].
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Smarter Communication
[Doodling at work is actually productive]
[Doodling at work is actually productive]
(Pixabay)
Doodling during a business meeting, when used properly, is a form of visual communication that tends to resonate highly with people and engage them, argues Dan Roam. "If we spent our lives tapping on a keyboard, we're bypassing one of the most powerful mechanisms that our brain has to retrieve and capture information," he says.
[Knowledge@Wharton] (12/8)
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Smarter Living
Get your mind and body right each Friday
[Fit leaders have more energy for their companies]
Staying physically fit has benefits for leaders that extend beyond personal health, writes Yogesh Kumar. "One puts in more concentrated efforts and active time and mind to work which ultimately helps in the growth of an individual and the organization," Kumar writes.
[The Outdoor Journal (India)] (12/1)
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In Their Own Words
[Passion and positivity can sustain you through difficult moments]
Entrepreneurs and aspiring leaders should try to harness the power of positivity, says Nur-E Farhana Rahman, founder of Knotty Gal. "I think it's important to know before diving in that starting a business will be incredibly challenging and setbacks along the journey are inevitable, and that's OK," she says.
[Forbes] (12/6)
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Daily Diversion
[One of Minneapolis' last elevator operators passes]
The late Mildred "Millie" DeZiel is being remembered as one of the last, and maybe best-known, elevator operator in Minneapolis. She took her first job in 1946 and didn't retire for 63 years, well after most buildings installed automated lifts.
[Star Tribune (Minneapolis-St. Paul, Minn.)] (12/7)
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So many dreams at first seem impossible. And then they seem improbable. And then when we summon the will, they soon become inevitable.
Christopher Reeve,
actor and director
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