As we bid farewell to 2023, it’s time to reflect on the myriad events and milestones that shaped the course of the year. From technological breakthroughs to cultural shifts, 2023 was a rollercoaster of innovation and transformation. In this blog, we’ll unveil the top 10 highlights that stood out and left an indelible mark on the fabric of 2023.
1. Quantum Computing Breakthroughs
In 2023, quantum computing made unprecedented progress, reaching the milestone of quantum supremacy. This achievement has far-reaching implications, promising solutions to intricate problems at speeds unimaginable with traditional computers, particularly in fields like cryptography, drug discovery, and climate modeling.
2. AI’s Influence in Healthcare
Artificial Intelligence continued its penetration into the healthcare sector, reshaping diagnostics, treatment strategies, and patient care. AI-driven tools showcased remarkable accuracy in early disease detection, personalized treatment plans, and overall healthcare enhancement.
3. Global Climate Accords
As climate change concerns reached a critical juncture, nations around the world came together in 2023 to forge ambitious global climate accords. Commitments to reduce carbon emissions, transition to renewable energy sources, and protect biodiversity marked a collective effort to address the urgent challenges posed by climate change.
4. Space Tourism Takes Off
The space race evolved into a new era in 2023, with commercial space tourism becoming a reality. Several private companies successfully launched missions, enabling civilians to partake in the adventure of space travel. This marked a significant stride in making space exploration more accessible to the public.
5. Metaverse Surge
The concept of the metaverse gained unprecedented traction in 2023. Major technology companies invested heavily in virtual reality (VR) and augmented reality (AR), creating immersive digital realms for work, socializing, and entertainment. The metaverse emerged as a hub for innovation and collaboration.
6. Advancements in Biotechnology
Biotechnology made groundbreaking strides in 2023, with advancements ranging from CRISPR-based gene editing to revolutionary treatments for previously incurable diseases. These breakthroughs raised ethical questions but also offered new hope for addressing genetic disorders and improving overall human health.
7. Shifts in Remote Work Culture
The way we work underwent a transformative shift in 2023. Remote work, once a necessity, became a preferred mode for many companies. This change not only impacted work culture but also influenced urban planning, as cities reimagined themselves to accommodate a more decentralized workforce.
8. Renewable Energy Dominance
Renewable energy continued its ascent in 2023, surpassing expectations in terms of efficiency and affordability. Solar and wind power, in particular, became dominant sources of energy globally, contributing to a significant reduction in reliance on fossil fuels.
9. Tech Ethics and Regulation Focus
Amid rapid technological advancements, there was an increased emphasis on ethical considerations and regulatory frameworks in 2023. Governments and tech companies collaborated to establish guidelines for responsible AI use, data privacy, and digital security, ensuring a balanced approach to the benefits of technology.
10. Global Health Resilience
The lessons learned from the COVID-19 pandemic led to unprecedented collaboration in global health in 2023. This resulted in more robust health systems, improved vaccine distribution, and enhanced preparedness for future health crises.
Photo credit: Canva.com
As we conclude the narrative of 2023, these ten highlights underscore the innovation, adaptability, and collective endeavors of humanity. The year was characterized by a fusion of technological breakthroughs, societal transformations, and a shared commitment to addressing global challenges. These standout moments will undoubtedly shape the trajectory of the years to come.
Here’s wishing all our readers, from the management and staff of Robert Kennedy College, a very Happy New Year 2024! We hope to see you as one of our proud Master’s and PhD students at RKC. Find a programme suitable to you, talk live to one of our education advisors, and apply now!
Life is an unpredictable journey, filled with unexpected twists and turns.
While some people love the thrill of the unknown, many become paralysed by dread. The fear of the unknown is a difficult roadblock that prevents us from realising our full potential and living life to the fullest. But with courage and resiliency, one may overcome this anxiety and embrace the unknowable. We’ll look at practical methods in this blog post to overcome our fear of the unknown and live happier lives.
Fear of the unknown is a roadblock that prevents us from realising our full potential
Recognise Your Fear
The first step towards conquering any fear is to acknowledge its existence. Recognise that fear of uncertainty is a normal human inclination and accept it. You may deal with this fear skillfully and constructively if you recognise it rather than suppress it.
Find the root cause.
Understanding the source of your fear will help you better understand why you’re afraid of the unknown. The past might influence this emotion, a lack of control, or a fear of failing. By recognising these triggers, you can confront them head-on.
Develop a Growth Mindset
Adopting a growth attitude is essential to overcome your fear of the unknown. Accept the notion that difficulties and ambiguity present chances for development and education. Consider the unknown an opportunity to broaden your horizons and acquire new experiences rather than a danger.
Develop mindfulness
You may stay grounded in the here and now by practising mindfulness, lowering anxiety about the future. Regular meditation and mindfulness techniques can train your mind to respond calmly to unexpected situations and become more at ease with life’s uncertainties.
Adopt a growth attitude to overcome your fear of the unknown.
Taking Baby Steps
Getting over your fear of the unknown doesn’t require you to make drastic adjustments right now. Begin by gradually stepping outside of your comfort zone. Expose oneself to novel situations, difficulties, and doubts gradually. Your confidence will grow, and your worry will lessen with each modest victory.
Visualize fruitful results
When faced with uncertainty, our minds frequently accentuate unpleasant scenarios. Visualising successful outcomes will help you overcome this temptation. Visualise yourself thriving and prospering in new circumstances. This encouraging visualisation lets you change your state of mind from dread to exhilaration.
Seek Assistance
Inform your support group, loved ones, or friends about your anxieties. Talking about your concerns can frequently bring relief and a new perspective. People that support and elevate you may be a great source of strength when things are unsure, so surround yourself with them.
Pay Attention to What You Can Control
By definition, we cannot control the unknowable. We always have control over our reactions and behaviours, though. Focus on the present and what you can do to prepare for the future rather than worrying endlessly about what might occur.
Study your past mistakes.
Think back to occasions when you overcame uncertainty and emerged stronger. Keep in mind your tenacity and the lessons you acquired. To tackle current uncertainties with renewed confidence, draw strength from those experiences.
Create a Supportive Schedule
Establish a regimen for the day that promotes comfort and stability. It can be simpler to deal with uncertainties when they come when your life is ordered and gives you a sense of control and certainty. Find things to do that help you feel grounded, and arrange them into your day.
Reframe failure as an opportunity for learning.
The prospect of failure is frequently what makes people afraid of the unknown. View failure differently by seeing it as a springboard for development and advancement. A lot of successful people have failed numerous times before succeeding. Accepting failure as a necessary learning component will make you more inclined to take risks.
Learn for Yourself
Fear can be effectively treated with knowledge. When faced with uncertainty, spend time learning about the circumstance or challenge. Knowing more about it might help you feel more confident and calmer whether you’re embarking on a new endeavour, moving to a new city, or anything else.
Set reasonable goals
When dealing with the unknown, it’s imperative to have reasonable expectations. Not everything will go as planned, and that uncertainty inevitably carries some unpredictability. Accept the possibility of hiccups; they are just a part of the journey.
Accept Flexibility
You must be flexible and ready to adjust to new circumstances to overcome your fear of the unknown. Recognise that adaptability is a skill and that life rarely happens as you expect. You can deal with uncertainty more graciously if you can adapt.
Salute Your Success
Celebrate and acknowledge the advancements you make along the road. Regardless of the outcome, every step you take to face the unknown merits praise. Any success is worth celebrating since it fosters good behaviour and promotes development.
Seek Professional Help
Consider getting professional assistance if your dread of the unknown overpowers you and interferes with your everyday activities. You can get helpful support and direction from a therapist or counsellor to overcome your concerns and create successful coping skills.
It takes time, self-compassion, and perseverance to overcome the fear of the unknown, and this path continues. By incorporating these tactics into your life, you can gradually gain the fortitude to face uncertainty with greater strength and resilience. Remember that anxiety about the future is acceptable, but don’t let fear prevent you from leading an exciting and rewarding life. If you embrace the allure of the unknown, you’ll discover that it opens up doors to opportunities and new experiences you never imagined were even conceivable.
The fear of the unknown can be a formidable force that hinders personal growth and happiness. Nevertheless, with a determined mindset and the willingness to embrace uncertainty, you can overcome this fear and open yourself to a world of possibilities. Remember that life’s most rewarding moments often lie beyond what is familiar, and by stepping into the unknown, you can discover a stronger, wiser, and more resilient version of yourself. So, take a deep breath, trust in your abilities, and embark on a journey of self-discovery and growth—one enriched by embracing the beauty of the unknown.
Do not let the fear of the unknown stop you from following your dream of pursuing a Master’s programme. Trust that it will be the most rewarding experience at the end of the programme. Take the first step and speak to one of our education advisors today. Conquer the fear of the unknown and embrace success.
Welcome back readers. Continuing about the economic predictions for 2023, let’s understand what recession is, its cause and effects on global economy.
What is a Recession and How Does It Affect the Economy?
A recession is a period of economic decline characterized by a contraction in economic activity. It is typically measured by a decline in Gross Domestic Product (GDP) over two consecutive quarters. Recessions can have significant and far-reaching effects on the economy and can lead to high levels of unemployment, reduced consumer spending, and a decrease in business profits.
The COVID-19 pandemic led to a global economic recession in 2020, with the International Monetary Fund (IMF) estimating that the world economy contracted by 3.5% that year. The pandemic also led to widespread job losses and business closures, with many countries implementing lockdowns and social distancing measures to slow the spread of the virus.
What causes a recession?
Recessions are often caused by a variety of factors such as a decline in consumer confidence, a decrease in business investment, or a financial crisis. During a recession, businesses tend to cut back on spending, which can lead to job losses, reduced salaries, and a decrease in overall economic activity.
Fiscal and Monetary Policy Measures: Since last year, Banks have aggressively raised interest rates to bring inflation under control. This would cool the consumer demand as borrowing becomes expensive, resulting in less spending and slower price growth.
The global economy is projected to grow by 4% in 2021, following a contraction of 4.3% in 2020. Photo credit: Canva.com
Global GDP Growth: According to the World Bank, the global economy is projected to grow by 4% in 2021, following a contraction of 4.3% in 2020. However, the recovery is expected to be uneven across countries and sectors, with some countries and industries experiencing a slower recovery than others.
Unemployment Rates: Unemployment rates have increased in many countries as a result of the pandemic and recession. In the United States, for example, the unemployment rate rose from 3.5% in February 2020 to 14.8% in April 2020 before declining to 6.7% in December 2020. As of January 2022, the U.S. unemployment rate was 4.2%.
Inflation: Inflation has been a concern for many countries as the global economy recovers from the pandemic. In the United States, inflation has risen to its highest level in over 30 years, with the consumer price index (CPI) rising by 7% in December 2021 compared to the previous year. The Federal Reserve has responded by raising interest rates and tightening monetary policy.
How Can We Prepare for a Recession?
While it is difficult to predict when a recession will occur, there are steps that individuals and businesses can take to prepare for an economic downturn. Here are some strategies to consider:
Build up savings: Having a cushion of savings can help individuals and businesses weather a recession. Aim to save at least 3-6 months’ worth of expenses or revenue.
Reduce debt: Reducing debt can help individuals and businesses manage their finances during a recession. Consider paying off high-interest debt and reducing expenses.
Diversify investments: Diversifying investments can help minimize the impact of a recession on your portfolio. Consider investing in a mix of stocks, bonds, and other asset classes.
Focus on cash flow: During a recession, cash flow is key. For businesses, focus on improving collections and managing inventory. For individuals, consider taking on extra work or selling unused assets to generate extra income.
Stay informed: Stay up to date on the latest economic news and trends. This can help you make informed decisions about your finances and investments.
In conclusion, recessions can be challenging and have far-reaching effects on the economy. However, with careful planning and preparation, individuals and businesses can minimize the impact of a recession on their finances and even use it as an opportunity for growth and innovation.
Effect of recession
The effects of a recession can be particularly severe for certain groups of people, such as those in lower-income brackets, as they may be more vulnerable to job loss and reduced access to credit. Recessions can also lead to a decrease in public services, as governments may need to cut back on spending to manage their budgets.
Global economic activities are affected heavily by geopolitical trends. The world economic forum suggests that amongst major factors resulting in slow down of business activity in 2023 are weak consumer demand and high cost of borrowing. This downturn would result in cutting business operational expenses and optimizing supply chains.
Photo credit: World Economic Forum
Correlation of Recession to Inflation:
The relationship between recession and inflation is complex and can vary depending on the specific economic conditions at play. In general, however, recessions and inflation are often seen as opposite sides of the same coin, with recessions tending to put downward pressure on inflation and expansions tending to put upward pressure on inflation.
During a recession, economic activity slows down, which can lead to lower demand for goods and services. As a result, businesses may lower their prices to stimulate demand and stay competitive, leading to lower inflation or even deflation. In addition, high levels of unemployment during a recession can reduce workers’ bargaining power, leading to lower wages and less pressure on employers to increase prices.
On the other hand, during an economic expansion, increased demand for goods and services can lead to higher prices and inflation. This can be exacerbated if there are supply constraints, such as a shortage of workers or raw materials, which can drive up prices further.
During an economic expansion, increased demand for goods and services can lead to higher prices and inflation. Photo credit: Canva.com
It’s important to note that the relationship between recession and inflation can be influenced by a range of factors, including government policies, international trade, and changes in commodity prices. In addition, there can be lags between changes in economic activity and changes in inflation, as businesses may take time to adjust their prices and workers may negotiate wage increases on an annual basis.
Overall, while there is no direct causal relationship between recession and inflation, the two are often intertwined in complex ways, and policymakers must consider both factors when making decisions about monetary and fiscal policy.
Can recession be avoided?
Recessions are a natural part of the economic cycle, and it is difficult to completely avoid them. However, there are some steps that can be taken to reduce the likelihood and severity of recessions:
Fiscal Policy: Governments can use fiscal policy to stabilize the economy. During times of economic growth, governments can save money, pay down debt, and build up reserves, so they have more resources to use during a recession. During a recession, governments can use fiscal stimulus measures such as tax cuts, infrastructure spending, and transfer payments to help boost demand and support the economy.
Monetary Policy: Central banks can use monetary policy to stabilize the economy. During a recession, central banks can lower interest rates and increase the money supply to encourage spending and investment. During periods of high inflation, central banks can raise interest rates and tighten monetary policy to cool down the economy and reduce inflationary pressures.
Structural Reforms: Governments can implement structural reforms that make the economy more efficient and more resistant to shocks. For example, reforms that increase competition, reduce regulation, and promote innovation can help the economy adapt to changes in the global marketplace.
International Cooperation: International cooperation can help reduce the likelihood and severity of recessions. For example, countries can work together to reduce trade barriers, coordinate their fiscal and monetary policies, and share best practices for economic management.
It is important to note that while these steps can help reduce the likelihood and severity of recessions, they cannot eliminate them. Recessions are a natural part of the economic cycle, and they can be caused by a variety of factors, including natural disasters, geopolitical events, and changes in consumer behavior. However, by implementing sound economic policies and promoting international cooperation, governments and central banks can help create a more stable and resilient global economy.
On a brighter note, recessions can also lead to opportunities for economic growth and innovation. For example, during the Great Recession of 2008, the rise of new technologies and increased competition led to the growth of the gig economy and other forms of flexible work. Similarly, many businesses have used recessions as an opportunity to restructure and streamline their operations, leading to increased efficiency and profitability.
Share your thoughts about recession in comments below.
Ever wondered why we tend to say “yes” to people when we really don’t want to? Blame it on human psychology or human beings being social animals. We find it extremely difficult to say no to anyone.
We adore attention and feel gratified when others admire us, trust and look up to us. But when this takes the form of constant requests and more work for yourself, you detest being the go-to person. People want to say yes because they are afraid, afraid to disappoint others. We feel personally responsible for letting others down if we decline their proposition or their request for help. During these troubled times, with businesses being in jeopardy, everyone is overwhelmed, constantly working, and juggling work and relationships. Everyone is over-extended, and it is not the best soil to grow ideas or make sound business decisions.
Are you saying a “good yes” or a “bad yes”?
What begins as an intent to help becomes a bad “yes” – simply because you do not have the productive capacity or knowledge to complete the task. Such a “yes” is bound for failure. When there is so much asking around in an organisation and collaborative overload, one should focus on moving to good yesses and good nos to avoid failures.
How to say No?
You have decided that you are going to turn down someone’s request to undertake a task. Now comes the even more difficult part: actually saying “no”! How do you effectively communicate your decision?
Begin with a positive statement by appreciating the opportunity extended your way, that you were considered worthy enough to do justice to the job. But present your “but” in a way that shows you have carefully considered the proposition and convey the “why” of your decision. Let them realise that you did not decide to say no lightly, that the “no” was not because you are lazy, un-zealous to learn, or simply being difficult.
Saying no can be an onerous process but trust me, it will prove to be more productive for yourself and the business. Base your decision on this checklist:
1. Do not let fear decide
If you fear that saying “no” will stress your work relationship, remember that saying “yes” when you cannot deliver the results will stress you and the relationship even more. If the working relationship turns sour just because you said “no”, then it was never meant to be. Let it go.
A decision taken under duress leads to stress on oneself and on work relationships
2. Evaluate the proposition
I know from personal experience when we are new to an organisation or a job, we are eager to learn because knowledge is power. Gain that power but keeping in view the quality you are gaining. Ask yourself what ‘value addition’ can you get from this task. Ask questions such as why, when, and what is needed for the task. Doing due diligence on someone’s request is respecting them and yourself.
3. Remember what you want to be known for
What may seem like an opportunity to learn for you could become an opportunity for others to learn a thing or two about you. When you say “no”, back it up with legitimate and fair reasons, tell them why the proposition is not worth your time or effort or simply that you do not have that kind of time to invest in this project. You already have enough on your plate. When the other person: your boss, your client, your colleague, hears your side of the story, they will understand your situation, and you will become known for your work ethics and values. You will be known for authenticity and for being a good decision-maker. Everyone will respect your decision when you say “no” the next time because they will know there is a genuine reason behind it, and it’s just not a lack of interest or laziness involved. They will even bring better propositions to you that you will find difficult to turn down. They will try to please you and not the other way round.
When you say “yes” to someone’s request, you commit to executing and delivering results.
4. Deliver results
The only consideration that should drive your professional decisions should be results. When you say “yes” to someone’s request, you commit to executing and delivering results. You do not want to be in a position where you realise later that either you cannot, are not allowed to, or should not do so. Do not bite more than you can chew. Do not be hard on yourself thinking that you are being difficult. Convey that you are making a good business decision.
5. Provide options
While it is not easy to say “no” to someone who had high hopes on your saying “yes” and was relying on you for completing the task, remember that people come to you because you are a problem-solver and are resourceful. If you cannot do the job yourself, give them other options on how to complete the job or provide solutions to resolve the issue. It will save your time and help build trust with team members that learnt something valuable when they approached you.
You can also choose to defer the project instead of completely shutting it down. Offer them a plan where you can join the team at a later stage and be more valuable once the project’s gone past its conception stage.
6. Don’t be afraid to say the ‘C’ word
The majority of the time, bosses try to use influence to get things done. Little do they realise that when they use power, they lose influence.
Photo credit: Canva.com
Every employer has a budget, and the more he can get done without expending his budget, the better (the lesser the merrier, in this case). This is one of the most frustrating and de-motivating situations when you are asked to deliver more results and but are not “C”ompensated for that extra work. You might say “yes” to the extra load now and then, just to be nice or on the pretext of learning something new, or simply because the boss asked you to do so, but this will eventually burn you out. Be firm to tell the work is simply beyond your pay scale and justifies an extra dollar or two.
It is a misconception that you must be a “Yes Man” or a “Yes Woman” to be successful and boost your career. Remember Jim Carrey’s movie – Yes Man? The film is a classic story where the protagonist is encouraged and made to promise to answer “Yes!” to every opportunity, request, or invitation that presents itself. After a series of interesting events in his life, he realises that the covenant was merely a starting point to open his mind to other possibilities, not to permanently take away his ability to say no if he needed to.
So, are you the go-to person at your workplace? Do you always end up saying yes? How do you strategically say no?
The Earth is warming up, and the phenomenon of the overall temperatures of the planet rising is referred to as Global Warming. This trend of increasing atmospheric temperature has had been observed since as far as 1880. The industrial revolution blew the bugle and marked the beginning of the era of rising annual global temperatures, with an average increase of 0.07 degrees Celsius (0.13 degrees Fahrenheit) every ten years since 1980. The average rate of increase has doubled in the last two decades – and it seems there is no sign of it slowing down.
There are several elements that affect the Earth’s climate over time, such as temperature, atmospheric pressure, wind, rain, and humidity. This creates a network of intricate ecosystems where plants and animals’ life, growth, and survival are affected by a slight change in the climate and throw it out of balance.
According to an analysis at NASA, Earth’s global average surface temperature in 2020 tied with 2016 as the warmest year on record
Causes of Global warming
The Greenhouse Effect
Increased human activity such as excessive use of fossil fuels, deforestation, and industrialisation has been central to the drastically changing climatic conditions and increased concentration of greenhouse gases.
The heat-trapping pollutants like carbon dioxide (CO2), methane, nitrous oxide, and other fluorinated gases form a layer over the Earth’s atmosphere. Instead of the radiation escaping back into space, this layer absorbs the sunlight and solar radiation reflected from the Earth’s surface. This process traps the heat for years and centuries, leading to rising temperatures and a hotter planet.
We live in a Greenhouse. Video credit:https://climate.nasa.gov/causes
Natural cycles and fluctuations also influence Earth’s climate. Some have even blamed the Sun for the global warming trend. Proxy indicators such as sunspot records and the amount of carbon in tree rings are generally used to estimate solar irradiance. However, research shows that neither the natural cycles nor solar irradiance can account for more than 10 per cent of the recent global warming.
NASA with the cutting-edge observations from it’s Earth System Observatory helps to understand our ever-changing planet
Effects of Global Warming
One of the main effects that global warming has is climate change. Commonly these two terms are used interchangeably. However, they are different. The change in the weather patterns and growing seasons across the globe is referred to as climate change. Melting ice sheets, expanding warmer seas and oceans leading to rising sea levels are the effects of climate change.
A recent report issued by the Intergovernmental Panel on Climate Change (IPCC) reveals some shocking climate change findings. The research conducted by 90 scientists from over 40 countries concludes that limitig global warming to 2 degrees Celsius is no longer a viable option. To curb any further devasting effects of climate change, global warming must be limited to 1.5 degrees Celsius by 2040. In the event the world fails to achieve this mark, then events like floods, fires, or varying temperatures will no longer be a statistical anomaly but will instead become a seasonal happening just like changing seasons.
Though in our daily lives we might not understand the impact of global warming and climate change, the changes to the environment are happening now and, with time, will make a more significant impact than ever before. If we look around closely, what used to be subtle hints, are now taking more devastating effects such as:
Extended periods of wildfires
Melting glaciers and ice caps in Antarctica and the Artic.
Bleaching of the coral reefs
Coral reef decimation is one of the sad effects of the global climate crisis
Warmer and acidic oceans
Extreme weather conditions due to rising temperatures
Spread of diseases
Farming has been affected by changing rainfall patterns, severe drought, and heat waves. The growth of the produce is mutated, and the quality of the crops has also been affected.
The future is not determined; it is on our hands
David Attenborough
While not a lot, there is still time to act and slow down the pace of global warming. The Earth has already warmed 1.1 degree Celsius above the pre-industrial levels. The need of the hour is to bring all nations together and work towards building a fossil-fuel-free economy. And the next decade is crucial in achieving this target. Countries have the technology, scientific foresight and solutions to reverse the damage for a healthier planet. Using alternative and renewable sources of energy like wind, water and electricity; adoption of a flexitarian diet with less dependence on meat; afforestation drive etc., can save our planet Earth. Do you pledge to save our planet?
We live in a world of flux – a world where change is the only thing constant.
I remember when I was a kid, my father would tell me about his job and the management style at his office. He worked in a semi-government organization where hierarchy and command-and-control leadership dominated. A more technically qualified and experienced leader would lead a team or a department and evaluate each team members’ performance against a pre-set benchmark. Little or no importance was laid on developing the skill-sets of employees or encouraging innovation.
Fast forward 20 years, the leadership styles shifted dramatically. The existing (ancient, in my opinion…) management styles were not sustainable and organizations begged for a radical transformation; transformations that would inculcate new energy, ideas, motivation, commitment, and innovation.
Leaders are expected to step up and assume the role of a coach and a mentor
Types of coaching styles
Coaches come from a variety of backgrounds. Having a consultant coach from outside the organization could be helpful for developing specific skills or as a one-off motivational camp. A modern learning organization would invest in a coaching style appropriate to the needs of the company. Keeping in view the long-term goals, the leaders within the company are expected to step up and fulfil the need of the hour – the need to assume the role of a coach and a mentor.
The leader may adopt one of the many leadership styles, with some of the most popular being:
Democratic: This style as the name suggests, encourages the general principles of democracy and takes into consideration the opinions, ideas, and interests of the people involved.
Laissez-Faire: This style is the minimum leadership style when the team members operate at their maximum efficiency and vigor and do not require any supervision or direction. This is generally seen as inefficient, and depends largely on the ability of the teams to self-manage and self-regulate. Not recommended.
Directive: Quite contrary to the Laissez-Faire coaching style, directive leadership requires the leader to ‘tell’ people what is expected of them, assign necessary resources for successful completion of their job, and convey the expected results as well.
Holistic: No organization today operates in isolation. Businesses are global and companies all over the world are taking wholesome decisions for the greater good. This leadership style recognizes the connection between leader, follower, and organisation, and focuses on a people-in-environment and developmental approach.
Mentor or a Coach
People usually use the term coaching and mentorship interchangeably. This is not correct. Mentoring is offering advice based on knowledge, expertise, and experience. Coaching, on the other hand, is inquiry-based. A little push with insightful questioning can spark a person to see themselves and the world differently and solve their own challenges.
Mentoring is more formal and structured, where a mentor helps his mentee gain a broader and deeper perspective and understanding of the business (and life). A mentor, based on his own experiences, guides and channels mentees by illuminating the right path for them. It is, therefore, more directive in nature and could be related to a directive leadership style. Mentors offer exposure and connections to other functions and levels of the organization.
A coach supports, challenges, and encourages. A coach approach for leaders, on the other hand, uses very different techniques for developing people. The role involves asking and listening rather than knowing and telling. The coach empowers the employees, by making them fully capable of finding their own answers to their problems. Employees have more self-awareness and experience an increased performance.
Now, this is easier said than done. While leaders may recognize the need to embrace the idea of coaching and mentoring their employees and subordinates, the flair does not come naturally to every leader. However, using right set of tools and resources, anyone can become a seasoned coach.
Using right set of tools and resources, anyone can become a seasoned coach.
Our MBA in Coaching, Mentoring, & Leadership programme creates opportunities for you to develop through practice a range of coaching and mentoring skills and techniques and enables the development of a critical understanding of issues related to the design and implementation of coaching and mentoring schemes. The programme is delivered in such a way that you are encouraged to utilise your professional and work-based context as a resource in which to practice and develop your skills in coaching and mentoring. Feel like you could benefit from this? You are not alone! Apply now to join our more than 150 students currently taking the programme!
There are so many internationally recognised “day’s” – Father’s Day, Mother’s Day, Children’s Day, even Groundhog Day. But of all the “day’s” that we celebrate, Women’s Day is probably the most important!
It is 2021, and women still have to fight to be recognised, respected and, in many cases, to be paid the same as men. It is really sad! And this at a time that we consider ourselves educated and enlightened, i.e., more than any previous times in human history. Please comment below (especially our gentlemen readers) why you think this gender inequality still exists, especially in a professional work environment.
A female, holding up a sign protesting that she earns less than a “him”, for the same work
It doesn’t bode well when we consider that the United States of America, considered by some to be the epitome of Western civilisation, modern sensibility, and equality for all, only now has elected her first female vice-president. While it is something for all women to celebrate, one must consider that the US is approximately 245 years old, a democracy since its founding, and they still haven’t elected a woman president.
Kamala Devi Harris, 49th Vice President of the United States
2020 has been a challenging year for everyone. COVID-19 has turned the way we live and work on its head. While most people have adapted and embraced the work-from-home reality, the one group of people this has been a real challenge for is the working mothers. Let’s face it, in a vast majority of household globally, the mother is the one on whose shoulders the home rests.
While this post is dedicated to all women, it is specially dedicated to the tireless working mothers of the world. While all of us have faced challenges during the COVID-19 lockdowns, this is especially true for working mothers. With the lockdown forcing us into isolation, shutting down schools and day-care, and other entertainment outlets, working mothers had to meet their professional commitments and deadlines while having to do most of the household work, childcare, homeschooling the children and cooking. A 2020 survey by Women in the Workplace states that in America, during the COVID-19 crisis, women—and mothers in particular—are taking on an even heavier load. Mothers are more than three times as likely as fathers to be responsible for most of the housework and caregiving. In fact, they’re 1.5 times more likely than fathers to be spending an extra three or more hours a day on housework and childcare—equivalent to 20 hours a week, or half a full-time job (Source: WOMEN IN THE WORKPLACE: THE IMPACT OF COVID-19).
A working mother
All of this added pressure inevitably leads to underperformance, stress, and job insecurity, leading to early burnout. And that is just the professional toll, there is also a personal toll, a feeling of being a bad mother, a bad wife, a bad provider. Shockingly the same survey also found that one in four working mothers are considering downshifting their careers or leaving the workforce altogether just to cope with the additional stress COVID-19 has added.
So, what can we (men) do to help? How can we (men) empower the hard-working women around us, especially working mothers, so that we don’t lose their talent from the workforce, thereby regressing humanity to the dark ages and demoralising our daughters? The following are just my thoughts; please feel free to add to them in the comments.
Be inclusive Let’s face it, most of the workforce is still male-dominated and male-centric. It was hard enough for a woman to be heard over all the machismo during an in-person meeting, but it is now even harder to be heard during a virtual meeting. So, make sure you encourage your female colleague and make sure she participates and her voice is heard.
Be encouraging Most working mothers have the additional challenge of looking after the kids while attending a virtual meeting. This could result in background noise or participating in a video call without turning on the video (I do that all the time) because either she or the house or the kids are a mess, just to list a couple. All this could irritate some of your other colleagues. Play defence for her, explain to your colleagues the additional challenges of being a working mother and ask for their understanding. At the same time, explain to her that it is alright and that you understand the challenges she is facing. Sometimes all it takes is a little understanding.
Share information Make sure you share all the information she needs to get her job done. With all the data sharing that happens in today’s virtual work environment, there may be times when your female colleague might not have access to all the data she needs to complete her work, or she might have just forgotten where to retrieve the data. Whatever the reason, you don’t lose anything by being a little more helpful. Be approachable and encourage her to ask for help too if needed.
Be fair All these points might make it sound like the working mother is incapable of dealing with the additional pressures at home and hence you should not give her much work. Do not insult her intelligence or work ethic, and do not assume. Distribute work as you usually do but encourage her to say no if it is too much. Talk to her about her career path and what she needs to do to progress on it.
These are challenging times for all of us, and we should ensure that we keep moving forward. Be inclusive. Work towards equality for all.
We at Robert Kennedy College are proud of our female colleagues and working mothers. Wishing everyone a Happy Women’s Day 2021!
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Star Trek is the best tv series ever made! That is, at least in my opinion. I have watched almost every single series of Star Trek several times. It makes me happy. You might be wondering why I have started off talking about a tv series, and the answer is that it shows us what humanity can achieve—our unlimited potential as a species.
Commander Spock and Captain James T. Kirk, played by Leonard Nimoy and William Shatner, pictured here in Star Trek: The Original Series
But the reality is we are lightyears away from achieving even a fraction of this potential. And I am not just talking about the challenges we faced in 2020 (which doesn’t seem to be improving in 2021). Even before the pandemic, our global society was struggling and teetering on self-destruction. Poverty, global warming, population, crime, natural disasters, fake news, illiteracy, unemployment and untrained labour, and healthcare are just some of the challenges we faced even before COVID-19.
Society has been struggling with questions such as – how can we ensure healthcare for all? How can we ensure economic development and technological progress that benefits humanity?
Typically, we would just bump this responsibility onto the government, the United Nations, or to some NGO. And while the lion’s share of the responsibility does rest on them, the fact is, if we need to achieve anything, we all need to work together – citizens, government, companies, NGO’s, everyone.
United Nations
To simplify things, let’s say our goal is to ensure economic progress and social justice for all while preserving our environment. What is the responsibility of a company in this? Well, companies’ success depends on people – employees and customers. If employees have job security and job satisfaction, they will work hard, be loyal to the company, and invest in its success. Likewise, if people have the money and an understanding of the company and its products and services, they will invest in the company. Therefore for a company to truly succeed, it must contribute towards the development of society as a whole.
Typically, a company would view corporate social responsibility (CSR) as something they have to do to keep the government happy and maintain a positive brand image. These are just some of the side benefits of an acceptable CSR policy. If properly executed, CSR could be an excellent tool to develop society, benefit all company stakeholders, and contribute to the company’s growth while minimising the impact on the planet.
How a company implements CSR will depend on several factors such as location, government, industry, etc. The COVID-19 vaccine has just hit the markets worldwide and was developed in record time by several pharmaceutical companies. Consider the pharmaceutical industry as an example to highlight what companies in this sector could consider when developing an effective CSR doctrine.
Pharmaceutical industry is big business
Offering safe and quality medication to as many people as possible.
An effective pricing strategy that can benefit all players involved.
Ongoing support to patients. If the company can show that they are not just interested in the sales of their medication but is also committed to the patients’ recovery and wellbeing, they would have earned the customers trust and loyalty.
Having effective human resources, training, and safety policies that ensure all employees are taken care off.
Compliance to all laws and regulations of the land (both local and global).
Reducing environmental impact and carbon footprint.
Hence, for a company to have an effective CSR doctrine, they should contribute to being an economically efficient, socially equitable, and environmentally sustainable development. While ensuring growth and profits by encouraging innovation, reduce costs, fostering a sense of ownership among all involved in a project.
An effective and well thought out Corporate Social Responsibility doctrine can spark innovation that will drive your company onto new heights.
Do you consider CSR to be a driver for positive change in society, a spark of innovation for the company, or do you think CSR is just another thing a company has to do not to be shown in a negative light by its competitors? Comment below, we would love to hear your views!
Our online master’s degree management programmes help you become a better leader, and CSR is an integral part of it. Chat LIVE on WhatsApp with one of our education advisors for more information on all the programmes we offer, the application process, and for information on discounts we might be offering in these particularly challenging times.
Cutting corners, that is what we as human beings do. Now, that by itself is not wrong, finding a more comfortable, simpler way to get a job done is smart. But the line that separates ethical behaviour from unethical behaviour is narrow, and if you are not careful in your search for the smartest way to work, you could just end up crossing that line!
Before proceeding with the blog, I would like to wish all our readers a very merry Christmas and a happy and healthy new year 2021!
Wishing everyone a very Merry Christmas and a happy New Year
What is ethics?
It is merely the belief of what is right or wrong based on the individuals’ morals/values, which in turn might be dependent on the society or culture to which the individual belongs to. So, what does this mean? Simply put, ethics is very individualistic; what I believe to be right or wrong might be antithetical to what you believe to be right or wrong.
Having said that, as a society of human beings living in the 21st century, we generally have a consensus on what humanity considers ethical and unethical behaviour, as a result of which, laws are created to uphold and protect what we believe is ethical behaviour. Now, some of these laws might differ from region to region; however on the whole, most laws are put in place to protect the innocent and to uphold what society considers ethical.
Laws
Formal laws typically represent a consensus on ethical standards.
For companies and organisations, the laws and standards that are used to judge the ethics of an individual can be extended on a much grander and more detailed scale thus incorporating the ethics of society on a corporate level. So, if a company is known to follow the law, by implication, it is an ethical company. But that need not always be the case.
Yes, laws can be looked on as a standard for companies to follow; however, they are just a basis for an ethical discussion. Because at the end of the day, the legal ethics will depend on whose eyes they are viewed from. For example, while stealing is considered illegal everywhere and therefore unethical, it is unfortunate and criminal that in some countries child labour is still legal and therefore ethical (at least from their point of view), even though a majority of the nations will consider it unethical (and in my personal opinion, it is).
Ethical decisions
There are several factors, such as values, morals, culture, etc., that can have an impact on ethical decision making. For example, if you ask a group of individuals a precise and narrow ethical question, you might get as many answers as there are individuals answering the question because each person is influenced by their upbringing and life experiences.
There are also some circumstances when an otherwise unethical behaviour may be looked upon in a favourable light. For example, a town devastated and cut off from aid by a natural disaster might force some desperate people to contemplate unethical actions like breaking in and entering an abandoned home or store to scavenge items and materials required for survival. Is this behaviour ethical or acceptable? Maybe not. But until we are put in a situation like that, who are we to judge?!
The point is when we make a decision, all we can do is to make the best decision we can at that moment.
Ethical decisions in organisations
Most organisations today have a diverse and multicultural workforce. While this is undoubtedly beneficial, there are also a number of challenges to be overcome, especially when aligning decisions with ethics. Not everyone is going to agree with the ethicality of a decision! Also, you don’t want an organisation where everyone thinks the same – “groupthink”.
So, how do organisations work towards overcoming these challenges?
Code of conduct/ethics – Organisations need to start a ‘written code of ethics or conduct’. It has to be a written, physical document that is easily accessible, prominently displayed (on notice boards, company intranet, etc.) in the organisation, widely circulated among employees, made a part of induction for new employees, and made a condition for employment. What a code of ethics does is outline what the organisation considers acceptable behaviour, giving a baseline of what is ‘okay’ and what is ‘not okay’.
Ethics programme – Set up training programmes for employees that will educate them on what the organisation considers ethically acceptable decisions. The best way to learn is by example, so ensure that most of the training is situation-based. Show examples of decisions made in the past, the challenges the decisions makers faced while deliberating, their logical reasoning, and finally why they arrived at the decision they did. Make it into a case study to get an understanding of what the new employees think and the decisions they would have arrived at in the current work environment.
Ethics hotline – Most organisations do not want unethical behaviour to go undetected for a long period of time. The longer unethical behaviour takes to come to light the greater the damage to the organisation. Most people do not want to be labelled a ‘snitch’; it is a good way to lose the trust of co-workers and get isolated within your organisation. It could also have an effect on your reputation, which will, in turn, have an impact on your promotions and future employment. But for the benefit of the organisation, unethical behaviour needs to be brought to light, and the sooner, the better. Setting up a hotline that guarantees anonymity, and gives protection to the whistleblower against retaliation will encourage reporting against unethical behaviour. However, the organisation also has a responsibility to investigate comprehensively and arrive at an independent conclusion to not only protect against false reporting but to protect all the parties involved.
Leadership by example – We throw the term ‘work culture’ around quite often. Work culture is corporate behaviour which is set or determined at the top and trickles down to the rest of the organisation, and ethics forms an integral part of this behaviour. Most people in any position of authority usually set an example of ‘do as I say, not as I do’, which clearly send the wrong message to their underlings, and this is what usually ends up being the norm that is followed. There are very few leaders that are able to set the right, positive and ethical example because of the temptation to bend ethics in favour of greater profits. Actions speak louder than words and leaders have to set the example at the top for the organisation to follow.
These are just a few guidelines an organisation can follow to develop and encourage ethical decision making. What are the steps followed by your organisation to encourage ethical decisions? Any instances that you know of where companies have cut corners in their search for easy profit, and what were the consequences? Comment below.
Our online master’s degree management programmes help you become a better leader, and business ethics forms an important part of it. Chat LIVE on WhatsApp with one of our education advisors for more information on all the programmes we offer, the application process, and for information on discounts we might be offering at this time.
