Description
In a study of particular relevance to managers, Andreas Ortmann, a
professor of experimental and behavioural economics at the Australian
School of Business, has found that people at the lower end of the
competence spectrum in any environment tend to over-estimate their
talents in comparison to those around them. They are over-confident and
unaware of it, a potentially disastrous combination in team leaders. But
Ortmann says that with the right feedback, all but the least competent
people can be calibrated to recognise their actual skills level and
perform better as a consequence. And even the least competent can be
helped, though it may take a lot longer.
When a quarter of your workforce is heading for the door, it's time for
some serious strategic thinking. One Australian organisation is tackling
the outflow of thousands of mature-age workers by 2015 with a series of
policy changes and initiatives that not only glean vital information
for the...
Published 05/01/19
A new inquiry into the activities of Australia's central bank subsidiary, Securency, has brought the prevalence of bribery in international business dealings back into the spotlight. Demands for "grey money" are commonplace when negotiating deals in many developing nations. While multinational...
Published 05/01/19
The global financial crisis delivered new opportunities to re-engineer the workforce with an increased focus on flexibility for both employers and employees. But dangers lurk in the short-term cost-cutting approach embraced by many organisations. The arrangements – and, in some cases, the...
Published 05/01/19