Archive

For November, 2011

Can Team Building Increase Productivity in a Recession?

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When the economy is slow, company managers and leaders have to be very cautious with every expense. As a result, we will often put off hiring new employees until more certainty in the marketplace develops. Although natural efficiencies will develop in a downward economy, can team building activities help increase productivity so that we can avoid the expense of adding on new personnel? The answer to that question is… “Well… It depends…”

Don’t Confuse “Morale” with “Productivity”

Team Building is almost a generic term that is used for both “morale building” activities and “productivity building” activities interchangeable, but if you confuse the two activities, you can make some costly mistakes. Morale building activities can include anything from going out to a movie together to an office holiday party to entertainment style activities at annual meetings ans conventions. These activities provide a shared-experience that builds temporary camaraderie and provides a fun relief to the normal day-to-day rat-race.

Productivity building activities are training events or innovations that help teams do more with less. Although people will often call both of these types of activities “Team Building”, the activities themselves get totally different results. Both are needed to create a team culture, but quite often, managers and leaders will schedule one type of activity hoping to get the needed result from the other type of activity and be sorely disappointed.

Although productivity will often improve (sometimes dramatically) when morale improves, an increase in morale doesn’t always cause a team to be more productive. For instance, if a manager came into the office and announced that the entire team would get the whole week off and still get paid, morale would skyrocket, but productivity would drop to zero for the week. Morale building activities like team outings and company parties are extremely important, but they can’t entirely replace productivity building events and activities.
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The Best Job Search Techniques

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Hundreds of thousands of positions were obtained by job seekers last month, so employers are definitely hiring. If you are frustrated in your job search, then perhaps you should rethink your job search plan. Here is a recap of job search techniques and how to get the most out of them.

JOB BOARDS

The first thing a job seeker does is head for the job boards. After all, isn’t it exciting to find positions that fit you like a glove? The chief problem is that the job boards are the most competitive way to way to find a position and have the least probability of success – generally less than 5% of jobs are filled this way according to industry statistics. That is not to say that you shouldn’t use them – it just means that they should not be the heart of your job search.

Start by using Indeed.com or SimplyHired.com as these are job board aggregators, meaning they pull jobs from all the other job boards as well as company web sites to give you a single place to find openings. Also look at Craig’s List which is becoming a great place to find local job postings. And do NOT apply over the Internet. Yes that’s right, pull yourself out of the big pile of resumes in HR and use this simple technique.

First, find out who the hiring manager or key influencers are. You can usually do this by going to LinkedIn.com and doing a company search. Once you have their name and phone number give them a call and say something like: “A friend told me you might be interested in someone with my background. I have (insert your 2-sentence pitch), and I have just a few questions for you.”

Then ask them some questions that show you’ve done some homework on their company. Be very friendly, down to earth and personable and build some rapport, At some point they will ask you for your resume at which point you have now put yourself at the top of the decision maker’s pile and skipped the HR screeners. Using this trick can be the difference between being screened out and getting noticed.
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Developing Innovation Partnerships in International Markets

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Economies are tanking, markets are shrinking, R&D funding is drying up. Add to that continuing regulatory challenges and the impending impact of new healthcare legislation, and the hurdles faced by US medtech companies in 2012 will be steeper than ever. Innovation remains the key and, increasingly, this will mean working with international, as well as national, partners.

Companies are finding it harder and harder to rely exclusively on their own R&D activities to generate commercial success. Establishing partnerships (sometimes even with competitors) in open innovation in international markets is becoming an increasingly popular and feasible way for companies to remain competitive and at the same time contain costs. Collaborating with partners outside of your own organization speeds up the transfer – inwards and outwards – of ideas and knowledge that you can use to support your own innovation and new product development.

Despite its current difficulties, Europe remains a major market for medical devices and has a well-developed medtech industry and innovation infrastructure, with one new patent being issued every 38 minutes. The European Commission recently made innovation a priority under the ‘Europe 2020 Strategy’, with a significant focus on health, given the possibilities that exist for further innovation to meet the demands of the sector in future years. Read more about the 4 steps you can take to help you keep abreast of innovation activity in Europe and to find key contacts and potential partners.
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