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Effects of Investing in Your Team Before, During, and After Economic Uncertainty

Posted By Kim Watson, Corporate Alliance Production, Tuesday, March 31, 2020

THE EFFECTS OF INVESTING IN YOUR TEAM BEFORE, DURING, AND AFTER ECONOMIC UNCERTAINTY

Research considered the impact of investing in team members before, during, and after times of considerable economic uncertainty. Those efforts included job-related selection activities (i.e. personality inventories, cognitive tests, interviews) and training. The researchers determined that the degree to which organizations made those investments in the quality of employees created a strategically valuable resource when the economic environment changed.

Firm-level data across 12 years from 359 firms was considered. Analyses indicated that investments in people influenced firm profit growth. Further, results revealed that firms who more effectively staffed and trained outperformed competitors pre- and post-recession, even after controlling for prior profitability.

Thus, selective staffing and training may be used strategically during economic uncertainty. That strategy will prime organizations for optimal growth and competitive advantage shortly after economic recovery.

I’m happy to provide a free 30-minute consultation to discuss strategy. Please reach out through my website: alliancepro.com

 

SOURCE: Kim, Y., & Ployhart, R. (2014). The Effects of Staffing and Training on Firm Productivity and Profit Growth Before, During, and After the Great Recession. Journal of Applied Psychology, 99(3), 361-3898.

 

1. EBIT scores based on Korean monetary unit (won)

Tags:  Competitive Advantage  Growth Strategy  Staffing  Strategy  Training 

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Strategic subconscious brain training

Posted By Carine Dieude, Biostress Imagery LLC, Friday, January 9, 2015

We all know what the brain is: a three pound mass of convoluted gray and white matter, contained in our head, acting as the central governor coordinating our mental and physical actions.

Its processing capabilities initially develop and progress based on our experience in the womb. When we are born, there is little evidence of any cognitive ability and just primitive control of movements. It will take us several months to be able to simply move within our world. At this stage we are acting as a processing machinery. It doesn’t really require any learning but simple exposure. As we continue our development, we then learn how to identify ourselves within the world, how to present ourselves and how to act and behave to get the attention of our parents, our teachers, and other children. We now subconsciously define the significance of our experiences. We acquire new skills and abilities based on our environment, under this behavioral control.

When establishing these strategies and learning these new skills and abilities, our brain undergoes massive changes physically constructed. Neural pathways i.e. new neurons and synapses connections are built to accommodate and automate the billions of learned associations. This process, in which your brain converts a sequence of action into an automatic routine, is known as “chunking” which is the root of how habit forms. Habits control 95% of our life. Even though a habit means little on its own, over time, what you eat, how often you exercise or not, the way you organize your thoughts and routines have a tremendous impact on your health, productivity, success and happiness.

Neuroscience has discovered a couple of decades ago, that the brain keeps its plasticity throughout our life i.e. its capacity to constantly change. And that's pretty amazing, as this is the basis for a huge opportunity to change our habits and behaviors for the better. We can harness the brain's plasticity by training our brain to make positive patterns more automatic.

 

Author: Carine Dieudé, C.Ht., Biostress Imagery LLC

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Tags:  brain  positive patterns  subconscious  train your brain  training 

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