Archive for May, 2006

It Is All About the Relationship

Tuesday, May 30th, 2006

by Dean Whittaker

This month I had the opportunity to be reminded of how important relationships are. One of our clients asked to have their money refunded because they were disappointed with the way they had been treated and in the results of our work. Our company policy since its founding 20 years ago is to refund a client’s money if they are dissatisfied with our work. We have refunded money six times in twenty years. This particular request amounted to a large percentage of our annual revenue. Needless to say, it was a significant issue for a small company.

Our client provided us with a tremendous opportunity to learn. They spent a considerable amount of their time explaining how they felt about how they had been treated at various stages in their project. They explained that they felt we had been inflexible on minor issues, we had refused to modify our process to accommodate their needs, and we had forced them to use our technology rather than having personal interaction with them. They also told us how much better our competition had done in building and maintaining a relationship with their organization. This was painful to hear, but very important.

A reputation is the result of our relationships. Reputations take years to build and can be destroyed in one thoughtless act. We do repeat business with those organizations that we respect and trust. Repeat business, just like the expansion of existing companies, helps an organization to thrive. Therefore, doing what is right matters. We do not deserve our client’s money if we haven’t met their needs. It is that simple.

One of the many lessons I learned from this experience is how critical it is to start building and maintaining healthy relationships. Deepak Chopra, in Seven Spiritual Rules of Success , reminds us that what we pay attention to grows in our life, and what we don’t will wither and die. This includes all of our relationships. How much time and energy do you spend building and maintaining your relationships?

The first relationship I would like to discuss is our relationship with ourselves. How do we treat ourselves? Are we brash, excessively critical, or are we loving and caring towards ourselves? Deepak Chopra also says that our relationship with others is a reflection of our relationship with ourselves. The behavior we criticize in others is the aspect that we most dislike about our own.

This story may have a happy ending. After making arrangements to refund their money, we asked if the work we had performed up to this point had any value to them. This caused our client to review the work once again. They decided that it did have some value to them and, as a result, they would like to give us a second chance, but with the caveat that we restart the project with a new approach and a new contact person within our organization responsible for our relationship with them. This seems like more than a reasonable request which we have agreed to honor. Now, it is up to us to re-earn the right to serve them.

Some of the lessons that I learned from this experience include:

•  Treat others the way you want to be treated.

•  Frequent personal contact is vital to building and maintaining healthy relationships.

•  Be mindful of the first signs of a breakdown in the relationship – slowness to respond, phone calls not returned, slow payment, reluctance to share information, shifting project parameters, and a host of others.

•  Do the right thing.

•  Healing damaged relationships is critical to our happiness and well being.

•  We each must assume 100% responsibility for our relationships.

•  Everyone in an organization is a “relationship manager” with the responsibility of maintaining and building the organization’s relationships with its clients.

•  Relationships are built upon mutual respect, trust and commitment.

I regret that my client had to pay the price of poor services to teach me the lessons that I needed to learn. However, I am very grateful that they took the time to help us improve. Relationships do matter. Are you paying attention to yours?

Plugging the Brain Drain

Tuesday, May 30th, 2006

by Pete Julius

For several years, our country has witnessed thousands of jobs moving overseas to low- cost countries such as China and India. Many people feel that this trend is the main reason why this country has experienced an enormous number of job losses over the past several years. There is no doubt that this trend has caused a huge economic blow to this country. However, this is not the only root of our economic problems. Our unemployment levels are high because our current business models do not jibe with the emerging knowledge-based economy. There is no doubt that we are in a period of transformation. The days of assembly-line work are coming to a close to make room for a more productive and efficient system. Traditional manufacturing and service-related jobs are for the most part moving to low-cost countries. At the same time, our economy is transitioning into a much more knowledge- and technology-based system that requires much more speed, skill and knowledge. As a result, a person who loses her manufacturing job must then compete for higher skilled jobs that are being occupied by people who are more qualified. This disturbing trend is moving our country towards a society that is made up of “haves” and “have-nots.” If this trend continues, people will either have lots of money and a nice job or very little money and not such a great job. It is a trend that is likely to continue well into the future as we transition and try to stay competitive in a global economy. Communities must make adjustments to these trends in order to compete. One approach is through talent retention.

Today’s knowledge-based workforce is drastically different from the workforce that existed in the industrial age. Knowledge-based workforce characteristics include high risk taking, a more aggressive nature, technology proficiency, and willingness to change jobs several times throughout a career. Traditional manufacturing workers are less likely to change their jobs unless forced to, generally do not like to take risks, and typically possess lower level skills than those demanded by the knowledge-based economy. Workforce development and training strategies can be developed to help make this transition smoother. In addition, communities must develop and implement retention strategies to keep the talent in the area.

Most of us by now have heard the term “brain drain.” Many communities are losing people who leave their community to find better, higher paying jobs outside their area. In order to prevent this from happening, communities must prepare strategies to retain their talented people. Here are some ideas on retaining local talent.

•  Develop Career Ladders – make it possible for someone to have the opportunity to start and end their careers locally rather than fleeing the area

•  Training Programs – identify the skills of the local labor force, determine the skills demanded by knowledge-based jobs, and implement the training programs needed

•  Education - adjust all levels of education to teach a curriculum that is in sync with what is needed from the knowledge-based economy

•  Peer-to-Peer Networking – arrange and promote networking and other peer-to-peer group events to help spur collaboration and opportunities

•  Community Involvement – invite and encourage businesses, schools, churches and others to get involved with or at least support the transitional strategies

•  Job Fairs – coordinate and conduct job fairs with local and regional businesses

•  Inventory Talent and Skills - prepare an inventory of the skills that exist within the community and target businesses that have a need for that talent

•  Market Local Talent – know the community’s skill sets and associated industries, then market the local talent

Also, it is very important to know the make-up of a knowledge-based worker. What kind of music do they like? What do they like to do in their spare time? What do they like to eat? What hobbies do they have? What do they need to learn? These are the types of questions that must be answered in order to be successful at retaining local talent. To be successful, communities must understand and meet the wants and needs of the knowledge–based worker to be successful.

The Resources Behind our Electricity and Power

Tuesday, May 30th, 2006

by Tammy Hart

As the population increases and demand for digital devices expands worldwide, it’s important to consider the effects that these demands are placing on the natural resources required for the devices to operate.

The U.S. government projects a need for an additional 225 million tons of coal by the year 2025 to maintain sufficient energy levels for the digital economy. Meanwhile, world electricity demand is expected to double by the year 2030. While coal combustion continues to be the dominant fuel source for electricity, many innovative ideas are already in use and/or are ready for implementation. The U.S. government has initiated funding programs to encourage the research and development of gas and liquid fuels from coal (coal gasification). As part of the Clean Coal Power Initiative, companies are researching technologies to increase the energy efficiency and to reduce the environmental effects of coal.

Another resource that is being discussed for practical energy use is nuclear power fueled by uranium–especially with the recent news of the completion of the nuclear power plant in Iran . Nuclear power plants currently account for about 20% of the total electricity generated within the United States; 441 facilities worldwide account for about 16% of the total world electricity supply.

With funding and tax credits made available through the new Energy Policy Act of 2005, eight companies in the United States have recently announced plans to build 13 new nuclear power plants within the next 15 years. The companies anticipate that once the plants are in operation they could create as many as 6,000 high-paying, high-tech jobs.

Experts warn that the relatively scarce supply of uranium may not meet forecasted needs for the resource with the anticipated nuclear-powered global energy supply of the future. China is interested in using more nuclear energy to power its economy in an effort to maintain needs and reduce dependency on foreign-imported coal and oil. Australia has approximately 40% of the world’s known low-cost uranium deposits and has agreed to allow China to purchase uranium for peaceful purposes.

It’s encouraging gaining insight about the many different power sources that might become available: coal, nuclear, solar, wind, hydrogen and others. Predicting which resource is going to be the most practical, cost-efficient, logistically viable, and environmentally affable for sustained energy development is transpiring into the topic of considerable debate.

Sources:

www.cnn.com

http://energy.senate.gov

www.eia.doe.gov

www.coal.org

A Mother’s Day Report Card

Tuesday, May 30th, 2006

by Joel Burgess

WIth the passing of Mother’s Day, Savethechildren.org recently released A Mother’s Day Report Card: the Best and Worst Countries to Be a Mother. The status of mothers was compared in 125 countries based on six indicators of women’s well-being and four indicators of children’s well-being. The results:

Interesting Conclusion #1 – Countries that save newborn lives also improve their prospects for economic growth and social development. According to the report, there are lifetime consequences when mothers do not receive adequate care and newborns get an unhealthy start in life. These babies are particularly vulnerable to illnesses that can impede their physical and cognitive development throughout childhood, which in turn reduces adult economic productivity and contributes to many other problems. Newborns who get a healthy start in life are more likely to reach their full potential, with benefits for themselves, their families and society as a whole.

Interesting Conclusion #2 – Sources: Newborn deaths: U.S. Department of Health and Human Services, Health Resources and Services Administration, Maternal and Child Health Bureau, Child Health USA2004. ( Rockville , Maryland : 2004); Percent of females with high school diploma or equivalent: U.S. Census Bureau, Census 2000.

Women who are educated are more likely to postpone marriage and early childbirth, seek health care for themselves and their families, and encourage all of their children, including girls, to go to school.

Interesting Conclusion #3 – Why is Sweden number one?

Sweden performed as well as or better than other countries in the ranking on all the indicators. It has the lowest infant mortality rate in the world and the highest percentage of women with seats in the national government.

Click here to view the full report