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Know the 6 Steps in Cost/Benefit Analysis

First Friday Book Synopsis

Here is another valuable Management Tip of the Day from Harvard Business Review. We all know we should make an investment when the benefits outweigh the costs, but few people understand what really goes into the analysis. To sign up for a free subscription to any/all HBR newsletters, please click here.

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Take It, Leave It, or Change It

The Recovering Engineer

The decision was to do a “cost-benefit analysis&# of our new situation. do your “cost-benefit analysis&# and choose one of these options: Take It Accept the change with all of its good and bad components, and realize that it is your choice to stay. Did it offer us more positive or more negative?

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5 Leadership Signals that Turn Culture into Advantage

Skip Prichard

Leadership Tip: The most effective leaders treat culture-shifting as a serious business process that’s explicitly tied to business results. Leadership Tip: Lousy cultures put reputations and actual business performance at great risk. Leadership Tip: You’re defined by what you tolerate. But it’s not sustainable.

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The Skills Gap That's Slowing Down Your Career

Harvard Business Review

If your speed bump is a lack of the right skills, it helps to first do a quick cost/benefit analysis to see if investing in an upgrade will be worth it. Another tip that many people don't realize is that you don't have to wait until you have your credentials to put them on your resume.

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How to Do Walking Meetings Right

Harvard Business Review

However, look at these findings through the lens of a cost-benefit analysis. The costs associated with regularly participating in walking meetings are next to nil. What we found adds support to the notion of walking meetings being beneficial for workers. Most likely not. concert.

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Followership : Blog | Executive Coaching | CO2 Partners

CO2

Trust is a common factor in the cost-benefits analysis, compliance with authority, or loyalty to leaders hypotheses. Although most people do not have the personal magnetism of an Oussama Bin-Laden or a Martin Luther King, there is a subset of people who can engender a strong sense of loyalty in others.

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How Freelancers Can Make Sure They Get Paid on Time

Harvard Business Review

Another tip: “Make sure you have the name and contact details of the person in finance with whom you’ll be dealing with,” says Pearce. Pearce recommends you “try to get as much money up front” as possible. “A deposit of 30-50% of your estimated fee is acceptable in many industries,” she says.