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The Quintessential Survival Guide in the Corporate Quagmire! | |
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The Most Important Thing Youll Ever Do
The wellspring of confidence is belief. When you believe in something, you accept and have conviction about the truth, actuality, or validity of that thing. When the belief is about you, its called self-confidence. Self-confidence is your belief that you can marshal your physical, intellectual, emotional and spiritual resources in the successful pursuit of a goal. The number one predictor of individual or team success is confidence level. Confident people tend to initiate action and control their environment - even under difficult conditions. Your degree of self-confidence will determine the kinds of risks you take, the amount of effort you'll expend, and the strength of your perseverance in time of trouble. Your confidence will determine the amount of flexibility you creatively apply in new situations. Your confidence will promote either optimism or pessimism and will dictate the degree to which you are vulnerable to debilitating stress or depression. We've already said that confidence is the single most important factor in determining an individual or team's likelihood of success. That being the case, promoting confidence is the first task that any leader should undertake. Even though confidence is a personal, intangible belief, it can be actively promoted. There are four basic ways in which we build confidence: the direct experience of success, observing someone similar to you, model success, coaching from a respected individual, and celebration. The four ways of promoting confidence can work alone or in concert. The important point for leaders to remember is that confidence is the single greatest key to success. The great news is that confidence can be home grown and nurtured. Thus, it's vital that individuals and teams be provided the opportunity to succeed as part of their development. Such opportunities may be provided by assigning progressively more difficult tasks or by scheduling associative experiences. High-energy models or coaches can be employed. However it's done, this is a function of the planning process. The best results will come from the best-developed resources. It's also a planning function to ensure that success, and sometimes failure, is celebrated on a routine basis. That is not to say that the celebration should become routine - celebrating Tuesdays would quickly lose its impact - but it should be recognized as an integral part of the work process. Growing confident people and teams is a leader's first and greatest responsibility. The bottom line: productivity gains of 30% can be achieved almost immediately and at little cost by simply boosting confidence. George Ebert is the President of Trinity River Seminars and Consulting, a firm specializing in the custom design and delivery of team building, personal growth and ethical development programs. Mr. Ebert is a highly sought after speaker, educator and consultant with over thirty years experience in both the public and private sectors. He has presented widely throughout the Unites States. He is the author of the management cult classic, Climbing From the Fifth Station: A guide to building teams that work!
MORE RESOURCES: Faces beyond the numbers of long-term unemployed (AP)
Greece warns bailout rebels of disaster (Reuters) Reuters - Greek Prime Minister Lucas Papademos told lawmakers to back a deeply unpopular EU/IMF rescue in a vote on Sunday or condemn the country to a "vortex" of recession. Greece's grim choice: deep budget cuts or default (AP)
A look at economic developments around the globe (AP) AP - A look at economic developments and activity in major stock markets around the world Friday: NY's AG isn't backing down from Wall Street probe (AP)
Summary Box: Commodities fall on Greece debt woes (AP) AP - GREEK WOES: Commodity prices fell broadly as a plan to fix Greece's crippling debt crisis remained far from settled, renewing concerns about global economic growth. Most commodity prices fall on Greece debt woes (AP) AP - Commodity prices fell broadly Friday after a plan to fix Greece's crippling debt crisis suffered a setback, renewing concerns about global economic growth. Bernanke urges action to heal housing markets (Reuters) Reuters - Federal Reserve Chairman Ben Bernanke on Friday issued a call to action to restore U.S. housing markets, saying depressed house prices and sales are a serious drag on the economic recovery. Obama call for manufacturing revival a tough goal (AP) AP - President Barack Obama is making a strong election-year push for an economic revival "built on American manufacturing." But he faces an uphill slog, with little consensus even within his own party on how to do it. Gov't on pace for $1T deficit despite January dip (AP) AP - The federal deficit was lower through the first four months of the budget year than the same period last year. Still, the deficit is expected to top $1 trillion for the fourth year in a row, putting more pressure on Congress and President Barack Obama in an election year. Bernanke: Weak housing has hurt consumer spending (AP)
January budget gap shrinks (Reuters) Reuters - The monthly budget deficit narrowed to $27.4 billion in January from $49.8 billion in the same month a year earlier, partly because some benefit payments normally made in January were shifted to December, the Treasury Department said on Friday. Anxiety over incomes hits consumer morale (Reuters) Reuters - Americans felt worse about their personal finances in early February, but rising confidence in the labor market's prospects should help to support spending and the broader economy. Romney appeals to U.S. business with harsh China talk (Reuters) Reuters - Mitt Romney slammed China's "autocratic model" of capitalism in a speech to technology executives on Friday, keeping up attacks on the economic powerhouse days before a visit from a Chinese official expected to be the country's next leader. Housing a "significant headwind" to recovery: Fed's Pianalto (Reuters) Reuters - The housing market is holding back the broader economic recovery now that foreclosures have become "a national crisis," a top Federal Reserve official said on Friday. Exclusive: Future of bank benchmark rate under review (Reuters) Reuters - A global probe into whether banks colluded to set the interest rates at which they borrow money from each other has thrown into question the future of the benchmark they use to price financial products worth an estimated $360 trillion. Bernanke urges action to heal U.S. housing markets (Reuters)
Spain cuts firing costs in new labor reform (Reuters) Reuters - Spain cut severance pay for workers on Friday and watered down collective bargaining rights, giving more power to employers as it attempts to kick start its moribund jobs market and slash Europe's highest unemployment rate. Portugal watches Greek debt drama with foreboding (Reuters) Reuters - Portugal's economy will shrink as much as Greece's this year, according to IMF projections. The two will have identical current account deficits and the red ink in Portugal's budget will be almost as deep as in Greece's. Trade deficit widens to $48.8 billion in December (AP)
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