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Compliments of: Janine Moon, MA, Career & Business Coach |
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CompassPoints |
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October 2003 |
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Columbus Senior Roundtable Thurs, Oct
16/03 7:30 to 9:30
am Wedgewood
Golf & Country Club Register by
Oct 14: Execunet Meeting Thurs, Oct
23/03 7:30 to 9:30
am Bank One
Corporate Register by
Oct 21: Great Resource: Find two excellent articles by
Denise Lang at Boomer Career.com- "Think Like An Independent Vendor, Not
an Employee," and "Richard Bolles: Values & Awareness are the
Strongest Parachutes." You must register to access the
articles, but registration is free and you are NOT bombarded with
mailings! It's worth the time to register to have access to the weekly
information. CompassPoints Subscription? To sign-up for our monthly newsletter: If you’d rather not receive CompassPoints: Janine
Moon CompassPoint Coaching LLC 2015 Arlington Ave Columbus, Ohio 43212 U.S.A. Tel: 614.488-6876 Fax: 614.488-1458 We’re on the Web! Copyright (c) 2003 Janine Moon CompassPoint
Coaching |
Keeping up with revolution To most of us, the buzz words “knowledge
economy” mean computers and the internet. The most dire prophecy
around technology – that people would be replaced by computers – has not occurred,
although automation continues to advance certain processes. Many other technological investments are
showing returns, however, as productivity improvements continue in varied
technology sectors. Whatever the
business, we’ll continue to face significant changes in how we accomplish
work. Business structures are morphing, systems and procedures are being
eliminated. Corporate hierarchy as well as policies and procedures have been
found to slow customer response time and competitive activities, and are
therefore being scrutinized and revised.
Guidelines and principles, self-directed teams and personal
accountability are the “structures” that will allow businesses to stay agile
and competitive. There’s no doubt
that personal productivity looks different and is different today – as is the
marketplace. Thirty years ago, your competitors may have been in Ohio or the
Midwest, or maybe as far away as the South. This competition may have slowed
your growth, but your costs of doing business were pretty similar. Today, every local business is competing with
businesses around the world as well as the lower labor costs of doing
business overseas. While businesses must excel in quality, more strategic
business decisions are including offshore outsourcing and the
estimated savings of up to 40 percent. Since 1994 we’ve seen about 3 million manufacturing jobs go overseas,
to countries with lower labor costs.
Other lower-skilled jobs began leaving in 1996-97. This “trend” isn’t a “trend”…it’s an increasingly
common business strategy. In fact,
recent research says US companies will send 3.3 million jobs overseas in the
next 12 years, primarily to India and China.
It is expected that, over the next 5 years, banks, insurance firms and
financial services firms plan to ship over one half million jobs abroad. It isn’t just technical support that is going overseas…transfers
include financial research and analysis and accounting. The next logical moves include more
complex financial skills and business development, and yet another researcher
says one out of ten tech jobs will be offshore by the end of 2003. Businesses expect to cut overall costs 25
to 40 percent and build a more stable, intent work force here at home. As a growth strategy, this labor outsourcing
will continue to expand and create change in the business economy – change to
which we all must adjust. As we move further into the knowledge economy, changes that impact
productivity, globalization and business structure will increase – and business
change will continue even as our economy improves. Change in our business world is not going to stop or slow down. The
economic recovery we’re “waiting for” is going to look different…because
we’re in the midst of the shift from the industrial economy to
the knowledge economy…and it won’t be comfortable for awhile! Those who succeed in
this new marketplace will revise their perceptions of "business
reality," upgrade their skills and mindsets, and plan to make the
changes work to their advantage. Marshall Goldsmith-
“Nothing about this economy prevents you
from pursuing your long-term dreams.
There are tons of options.
It’s just that most of those options involve work.” Art of self-promotion Experts say you can be at the top
of your technical field but your career prospects can still suffer if you are
unable to sell yourself effectively.
You might feel uncomfortable about blowing your own horn, but if your
boss doesn’t know about your daily activities, strong teamwork, or other
ongoing accomplishments, how will you get recognized? Seek out opportunities to share your
insight and expertise, and give your subordinates a chance to show their
abilities too. Be your own career ‘boss’ Successful
people in today's workplace see themselves as independent consultants...
whether they work for themselves or for an employer. They focus clearly on
using their skills and abilities to solve problems... whether for a
client, a colleague or an employer. They market themselves
continually to their stakeholders: employers, internal and external
customers, directors and clients. Learning to manage your own career is
your number one priority in defining your career success. As a coach, I help
you define where you are, where you want to be and actions to help you get
there. -JM If you have thought about coaching, but
just aren’t sure how to begin, call or e-mail me, I’ll introduce you to
coaching and you can “try it on” with no commitment, only learning! – JM Until next month... “Creative ideas
reside in people’s minds but are trapped by fear or rejection. Create a
judgment-free environment and you’ll unleash a torrent of
creativity." ~ Alex Osborn ~Please feel free to pass along this newsletter to someone else
who can benefit from reading it~ |