Connect with us

Corporate

What’s Your X Factor in Southeast Asia?

People are one of the most important factors in any business. They’re the ones making decisions that impact customers, and they’re the ones who determine whether your culture exists on paper, or in real life

Avatar

Published

on

What’s the X Factor that sets one business apart from the others? Is it offering the right service at the right time?

People who are dedicated and engaged in working toward success? Customers that advocate for your business?

These are all important, yet, you could have all these things going for you and still fail.

So what’s the real secret to success?

I recently talked to three business leaders who shared their lessons for identifying the X factor that can set your business and culture apart.

Put People First

People are one of the most important factors in any business. They’re the ones making decisions that impact customers, and they’re the ones who determine whether your culture exists on paper, or in real life. Hiring the right people and managing them so they can do their best work are critical to the success of any business.

But, if it’s so foundational, why do so many organizations struggle with it? Jordan Birnbaum is VP and Chief Behavioral Economist at TalentX, an ADP Venture; he says the shortcoming is that most businesses focus on processes and outcomes, rather than on people themselves, despite the interconnectedness of both.

“Most of the time when businesses think about managing talent, they are thinking in terms of business targets, paperwork or compliance,” says Birnbaum. “They aren’t thinking about how to help them become happier, more self-actualized employees.

But this is terribly short-sighted, because people either drive or undermine our intended business results. We cannot separate them. We need to rethink our existing approaches to talent management and create systems that help people and organizations grow together.”

According to Birnbaum, the answer to driving personal growth across an organization is two-fold.

“We all have an inherent desire to become our best selves. We need to help people identify how to do that nurture that motivation and provide an understanding of how best to achieve. But motivation and understanding are not enough – we also have to actually help them make those improvements.

If you can do both – identify where people have room to grow and actually help them do it, they’ll be more engaged, and that leads to greater organizational results.”

Source: What’s Your X Factor in Southeast Asia? Five Keys to a Culture That Stands Apart – inc-asean.cominc-asean.com | Asia’s most extraordinary people. The most dynamic businesses.

Comments

Corporate

Is remote leadership part of the new normal?

With 77% of adults reporting that they would be willing to learn new skills now, or completely retrain, to improve their future employability, there’s never been a better time to assess your own capabilities.

Daniel Lorenzzo

Published

on

Digitalisation, globalisation, flexibility, and remote employment – these are just some of the ways the world of work is evolving. As a business leader, do you have the skills you need to help navigate it with your newly agile workforce? 

(more…)
Continue Reading

Corporate

We’ll meet again: business travel changed – but not forever

Now the future is looking brighter, will businesses stay loyal to Zoom, or will we return to the old ways of travel and doing business face-to-face?

Daniel Lorenzzo

Published

on

In the thick of the pandemic, it seemed hard to imagine that we would ever travel for business again. Health and hygiene concerns coupled with global lockdowns, conspired to take all our meetings online. However, now the future is looking brighter, will businesses stay loyal to Zoom, or will we return to the old ways of travel and doing business face-to-face?

(more…)
Continue Reading

Banking

Can the Subscription Economy Save Financial Services?

Going back to the pre-Covid “normal” is not an option for financial services. Fortunately, the rise of the subscription economy points towards frontiers of untapped growth for the sector.

Avatar

Published

on

As the world waits for mass vaccination to revive economic activity, general malaise has overtaken the financial services industry (FSI). And things will probably worsen before they get better: US banks are expected to suffer US$318 billion in net loan losses by the end of 2022, according to Deloitte.

(more…)
Continue Reading

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,634 other subscribers

Trending