Saturday, August 31, 2019

Baseline Happiness





I retired at 34 with $3 million—here are 5 downsides of early retirement that no one tells you no matter how much of a boost we get in freedom or money, we eventually revert back to our normal baseline of happiness. ....... losing social interactions at work, a loss of purpose, boredom and depression. ...... Eventually, I grew tired of explaining why I retired early or that I wasn’t a trust fund kid. To keep the discussion simple and regain a social identity, I’d simply say I was a writer and tennis coach...... Many people think that once they achieve financial freedom or leave a job they hate, they’ll be permanently happier. ..... One a scale of one to 10, my happiness level skyrocketed to a 10 after I was able to negotiate a pretty solid severance. It was enough to pay for five years worth of living expenses. But not too long after that check hit my bank account, I reverted back to my normal post-retirement baseline of happiness. ....... Retiring early is like finishing the season finale of your favorite TV show. You’re glad it got a nice ending, but you’re also sad it’s over and left wondering what’s next...... We did a lot of traveling, but more importantly, we became parents, which renewed my sense of purpose. ...... Here’s the truth: If you’re unhappy before you retire early, it’s likely that you’ll still be unhappy after you retire. It’s better to figure out what’s at the very core of your issues and fix them first....... Early retirement isn’t the elixir to everlasting happiness, but it sure beats commuting to work and sitting in meetings all day long!

Financial Samurai







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Thursday, August 29, 2019

Digital Leadership







What makes someone a great leader in the digital economy? Some leadership characteristics are enduring – courage, for example – but others are uniquely important in today's digital economy......... a handful of leadership characteristics will endure no matter what. Integrity comes to mind, as do courage and the ability to execute. ..... whereas crafting a vision and a strategy is an enduring leadership characteristic, doing so in a transparent, inclusive, and collaborative manner is a contextual characteristic, given the expectations of the new workforce ...... “Great leaders will need to more artfully merge the ‘what’ with the ‘how’ to thrive in tomorrow’s world.” ...... “We can train for the digital skills that are important for future success,” he writes. “But developing a digital mindset is a more complex challenge because it is a less tangible one to address.” ...... Without a mentality focused on platforms, a company’s leaders risk investing in increasingly obsolete ideas. ...... Far more than talking about digital leadership, leaders need to live it ....... Strong leadership was once about creating standardized processes, five-year strategic plans, and then establishing controls to help achieve these plans. ....... Leading in a digital world is instead about creating a culture that encourages — even demands — rapid innovation and experimentation. It is about empowering employees to feel and think like owners so that they remain motivated to create new opportunities. It is also about establishing a kind of radical transparency in which voices across the hierarchy can be heard. But all of this requires, in turn, the cultivation of an open and trusting environment. ....... leaders who can create an innovation-minded culture that fosters creative thinking, agility, and speed....... He started with five-year-olds and found that, against the test’s criteria, 98% of them performed at “genius level.” ........ The scores dropped from 98% at five years old, to 30% at 10 years old, to 12% at 15 years old, to 2% as adults. Land summarized the results simply: “Noncreative behavior is learned.” ......

“As leaders in today’s world, we need to recall the gifts of our inner child.”





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Elon Musk And Jack Ma In Shanghai













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Wednesday, August 28, 2019

The Microsoft Team

How Microsoft Builds a Sense of Community Among 144,000 Employees Getting together in person to discuss pressing matters has been replaced by meeting through online conferences. ...... build community and create connection between employees and leaders. ...... Microsoft uses Yammer as a channel for Nadella and other leaders to engage with employees, listening to and learning what’s on their minds. On a “CEO Connection” page, employees can pose questions and connect with other employees on a gamut of topics — everything from product strategy to employee benefits........ Instead of being present only with the people in their office, Microsoft leaders can directly engage employees on the other side of the world, crossing time zones and accommodating varied schedules....... Every day, a small sample of Microsoft employees receive a survey called Daily Pulse. Driven by the HR division, Daily Pulse takes a snapshot of how employees are feeling about the company, its culture, and other timely topics. ....... “In what ways do you think Microsoft is different today than it was one year ago?” or “What is the biggest change you’d recommend your leadership make to allow you to be more effective in your job?” Having the flexibility to add in timely questions provides more regular insights into employee sentiment when acquiring companies, orchestrating large reorgs, and making other changes within the organization....... Every month, Microsoft holds an employee town hall meeting where company priorities, progress, and culture are discussed in an open forum. This meeting is broadcast live for employees around the globe and is also available on-demand for employees in other time zones. Along with members of his leadership team, Nadella provides a monthly business update and takes questions directly from the audience as well as from his CEO Connection page on Yammer. This gives him a chance to share his thoughts across a number of areas — including business, industry, and society — and allows employees to raise topics that matter to them. ...... During the event, employee engagement is measured to capture real-time sentiment. ....... Microsoft has hundreds of distribution lists for people with specific interests, so these self-selected communities help with message targeting. ........ Leveraging technology to connect with people at scale is a cornerstone of the 21st-century leadership journey.


Remote Work: To Do Or Not To Do? (Preethi's Take)
Anywhere Competes With Silicon Valley, Bangalore, Beijing And London

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