Category: Business

Young, creative and ambitious people entering the employment market want more than just a job unlike members of the previous generation. Experts specializing in this field say these individuals want the occupations in which they choose to make their mark to be reflection of their personal lives. In addition to lucrative paychecks and attractive perks, they want their workplace to be an environment where they can showcase their creative abilities. They also want to stand out among the crowd when it comes to being instrumental in generating revenue for the organizations they work for. Businesses who want to take advantage of this valuable human resource need to come up with effective strategies to attract them.

Innovation platform–  How can it improve employee engagement within your organization?

These professionals explain that it is possible for entrepreneurs to improve employee engagement within their organization when they make effective use of an innovation platform. With this mechanism, these proprietors can achieve the following 5 important objectives:

1. Valuable feedback

You need to remember that your employees are your organization’s most reliable resources when it comes to obtaining first-hand market intelligence. They are the individuals who come into direct contact with your customers, suppliers, distributors,regulatory authorities and the general public. People regard them as the representatives for your product’s brand.

2. Digital experience

Young people entering the today’s workforce prefer to call themselves ‘Generation Y’. Theygrew up mastering various forms of digital gadgets. They regard the internet, transparency and the various social media networking platforms to be essential part of their existence. Even when they take up the occupations of their choice, these youngsterswant their working lives to reflect this digital experience. This is a fact you cannot afford to ignore.

3. Idea generation

In long-run, businesses who are unable to embrace a culture that encourages innovative thinking will be losing out in the marketplace. This is the reason why many of these entrepreneurs are taking the initiative to create multidisciplinary teams. The objective of these proprietors is to channelize the creative talents of employees working in such organizations towards solving the problems they face in operating their businesses.

4. Responsibility

Generation Y employees are always striving to make a positive contribution to the organizations that employ them. They also want to get the proper recognition they deserve for their efforts. At the same time, many of these workers go out of their way to promote the social responsibility campaign initiatives their employers engage in for improving society. In many case, they are willing to be its brand ambassadors.

5. Training and labor turnover

Such a platform helps entrepreneurs to introduce effective training schemes to improve the efficiency of their workforce. It acts a catalyst in the professional advancement of such employees. This also goes a long way in reducing labor turnover considerable.

Experts predict that businesses who do make an effort to promote a culture that encourages innovation within their organization will not be able to attract creative individuals. However, it is possible for you to ensure people with exemplary talents work for your organization by implementing an effective innovation platformwithin your organization. It can go a long way in reducing labor turnover and enhancing your revenues.

Communication plays a vital role when it comes to the growth and the development of a business. However, entrepreneurs only focus on the speaking aspect of the communication process. They do not focus on the listening part that has the ability to build solid relationships.  David Kerr III is an esteemed entrepreneur and a strategist in the FX market in the USA. He has invaluable experience in the above and is known for his exemplary leadership, financial management and business skills. He says that when it comes to the communication process in business, it is important for you to really lay emphasis on the speaking and listening part of the whole process. This ensures you get the best for the development of your business and build solid relationships with your associates.

Understanding the essence of the communication process

The communication process consists of both speaking and listening. This is the reason why it is crucial for you to understand what your clients, vendors and staff wants. Often you as a business owner might take them for granted and assume certain aspects and things that might be insignificant to you but not to the people you associate yourself with. It is here that you need to be cautious and at the same time sure that there is no ambiguity in your statement and communication with your associates. Good listening skills will help you to understand not only the perspective of the other party but you will also know what they want. If you are providing a service or a product, listening alone will give you the feedback of what people think about your product or service and whether you should make any changes to it or not. Just by listening, you can save a lot of money on promotion and advertising a product or a service that is not doing well in the market.

Oral communication is just as important as written communication

When it comes to oral communication – it is important to work on your presentation and networking skills as well. It is crucial for you to be good with speaking skills and choose words that have a powerful impact.  As an entrepreneur, you will be attending a lot of workshops and seminars.  You will meet many people and network with contacts. Networking requires communication. At the same time, you need to give presentations to your clients and customers so here again it is crucial for you to have good communication skills for your business success and growth. Business correspondence should also be professionally written and conveyed for success.

Improving your communication skills is an everyday affair says David Kerr III for business success and development. Always remember that when you are working on your communication skills, you must ensure that you have the right attitude and approach as well. This will help you in a very long way when it comes to interacting with people and making ever lasting impressions with your clients. Being aware of your weaknesses will also help you work on them. Communication is a vital part of business success and with it you can really take your company to new heights!