Wednesday, November 30, 2011

Making the Leap: Do You Have What It Takes for Investment Banking? - Education - College and University

Investment banking hearing these two words cant help but evoke images of Wall Street, high profile deals, posh marble and wood offices, and sharp bankers in well-tailored suits (not to mention the potentially large bonuses that can come with all of the above). As long there as there are investment banks, there will be MBAs flocking to become the next high flying financiers in the worlds major financial hotspots - New York, London, Hong Kong, Tokyo and Singapore.

Business schools have long been the training grounds and feeders of talent for global investment banks and regional firms. Despite the setback that the industry suffered during the financial downturn, investment banking remains highly attractive to MBA students. The combination of rigorous financial training, an extremely demanding work environment and early exposure to CEOs and CFOs at client firms provides an irresistible combination of experiences and skill building that can fast-track ones post-MBA career.

Many MBA students will set their sites on investment banking starting in the fall of their first year of b-school. While firms recruit high caliber MBAs from a wide range of backgrounds, the question that runs through the mind of every aspiring banker, of course is can they make the leap?

Your Pre-MBA Work Experience and Passion for Banking

There is not a typical pre-MBA profile that investment banks seek in MBA candidates. Previous financial experience is valued, but not required. What banks are really looking for are strong athletes, those that have the raw mental horsepower and aptitude for finance, and that possess the stamina to work 100+ hours per week.

Some MBA students have made radical career switches into banking. For example, weve known of former chefs, high school teachers, engineers, and even fighter pilots and professional athletes successfully transitioning into investment banking. What are the common denominators for all these MBA students? financial acumen, the ability to fit in (read: social conformity), and a clear passion for banking.

For former investment banking analysts who are seeking to continue their post-MBA career in the field, there are advantages and disadvantages to being a career advancer within banking. The advantages include having the requisite modeling skills, understanding the demanding culture and pace of banking and being able to speak the language of deal flow, IPOs, PPMs and M&A. However, there are also disadvantages MBAs who were analysts in their past life will be held to a higher standard of analytical and technical competency, particularly during the interview. They will also be heavily probed by skeptical bankers as to why they want to continue in banking. If youre a former analyst, be ready to state a strong case for your candidacy.

Leverage Your B-school Experience for Banking

Banks are looking for newly minted MBAs who are eager to enter into the industry, and willing to sacrifice their personal lives to get ahead and make their mark. Firms will source this talent from top business schools globally, and for firms based in major Western financial centers such as New York or London, primarily from elite schools in the US and Europe.

The caliber of your school will either be an entre or barrier to entry into investment banking. Major bulge bracket banks such as Deutsche Bank, Credit Suisse, Morgan Stanley, J.P. Morgan Chase, and UBS have target schools, as do prominent middle market firms such as Houlihan Loki, Piper Jaffray, Lazard, and Miller Buckfire. This means that leveraging your b-school experience starts with being planful about which school you apply to (i.e. those that have formal recruiting relationships with firms) and ultimately decide to attend. If your school is not a target school for investment banks, it makes it much more difficult to break into the industry. The Sharpening Process

What allows MBA students to make dramatic career switches is what we term The Sharpening Process, that occurs during both the first and second year of a full-time program. Through carefully chosen academic work, formal and informal networking opportunities and a steady acquisition of industry knowledge you can hone your candidacy for investment banking during the first year. Much of this will occur during the fall of the first year, when banks do heavy recruiting on campus ahead of actual internship interviews in January and February. The key elements of this sharpening process are below:

Classes Financial course work can be beneficial in preparing you for banking, although you will likely find that is courses dont have as much actual utility in the fall recruiting process. While the knowledge you gain in accounting, finance and modeling will be valuable in the technical portion of your internship interviews with banks, networking conversations you have leading up to those interviews will probably not require you to flex this knowledge too much. In general, the core breadth requirements that you take the first quarter or semester of your first year are acceptable for investment banking.

Student Clubs Joining your schools investment banking club will be an integral part of your preparation for a career in banking. The club provides students will access to recruiting activities and events, as well as guidance through programs such as resume reviews, networking practice, technical reviews and mock interviews. Through the investment banking club, first years can receive either formal or informal mentoring from second years, who will be instrumental in showing their more junior classmates the ropes of networking, preparing for interviews and how to be successful during the internship. The investment banking club can also provide discounts on technical training sessions through vendors such as Training the Street. If youre serious about banking, count on joining and being an active member of this student club.

Experiential Learning Banking recruiting starts early in the fall of your first year, and continues fast and furious straight through internship interviews in January and February. This doesnt give you too much opportunity to bolster your candidacy through additional banking-related learning activities. That being said, certain b-schools will offer IPO and M&A case competitions that you can participate in with classmates, which simulate working on deal teams. This will give you the opportunity to hone your financial and deal-making skills, as well as provide you with a great talking point on your resume. Your schools bank week trek, usually to New York, London or Hong Kong, depending on your geographic focus, is also another form of experiential learning; theres nothing like stepping into a firms offices (read: their home turf) to get a gut-level feel of a firms culture and work environment.

Networking The single most important activity you can do to increase your chances of getting selected for an interview is networking. In fact, youll spend most of your fall attending formal networking events arranged through your school and/or by the banks, and the rest of your time developing individual relationships with bankers through informational interviews. This is a process, and you will be constantly evaluating how your networking is going, with whom you have made connections with, and your perceived likelihood of getting invited to interview. All this effort culminates into a banking trek, which, if your school offers such a trek, will usually happen in December of your first year. The banking trek is essentially your final opportunity to solidify your relationships with bankers in hopes of being selected for interview.

The Internship If you are a career changer, doing a banking internship is absolutely required to have any hopes of transitioning successfully into the field post-MBA. While banks are very open to taking students from different backgrounds for the summer, they are much more stringent in requiring that any full-time hires have had a summer in banking resulting in a full-time offer, and preferably at a well-known competitor firm, if not their own. In addition, banks (particularly bulge bracket banks) are attracted to students who receive multiple offers from other banks, and will even ask candidates if theyve received any other offers as a measure of candidates desirability. Net-net, what this means is that you should count on securing a summer associate position if you are serious about having a career in banking.

The career leap to investment banking is an attainable one by many aspiring MBAs. What is critical for success is, first, understanding the very nuanced networking that is required to build relationships with bankers and be successful in the recruiting process, and second, being prepared for the investment banking interviews, which requires a strong performance in both the fit and technical portions of the interview. Any MBA first year can do well in both, but this does require understanding the process and executing well every step of the way.

Best of in making the leap!


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Tuesday, November 29, 2011

Common Anxiety Disorders - Health - Mental Health

In the United States alone, 1 in every 10 Americans struggle with anxiety disorder. Contrary to the popular belief, anxiety disorders are more than just being worried or concerned about a certain situation or event. Anxiety disorders are actually a mental health condition that if left untreated, can cause a person to become unable to function normally in society. Some types of anxiety disorders can be extremely severe that it prevents a person to be able to keep a job and foster healthy relationships.

There are many different types of anxiety disorders catalogued by the American Psychological Association, or APA. Below are just some of the common anxiety disorders that inflict men and women all over the world.

One of the most common anxiety disorders that men and women struggle with is generalized anxiety disorder, or GAD. This particular type of anxiety disorder is often characterized by the inability of a person to shake off a feeling of worry or dread towards a particular situation or incident. While it is normal to worry or feel apprehensive, people that struggle with generalized anxiety disorder experience continuous feelings of dread and fear for day, weeks and even months. In many instances, people with GAD end up avoiding normal daily activities as a result of the fear and worry that they experience.

Separation anxiety disorder is a type of childhood anxiety disorder that is observed in about 2.4% of the population. Oftentimes, this common anxiety disorder continues on well into adulthood if left untreated. Separation anxiety disorder entails a debilitating fear of a child to be separated from a safety net. This may be in the form of a trusted person like a nanny or an object like a security blanket. Children that suffer from this kind of anxiety disorder are not only able to do normal activities often seen among children. Over time, separation anxiety disorder can result to the child being unable coping mechanisms and the ability to develop and foster healthy relationships with their peers, which can have a direct effect on them later on in life.

Social phobia is not just one of the common types of anxiety disorders. It is also the third most common mental health condition treated by psychologists, next to substance abuse and depression. While it is common for people to be conscious about the impression that they make on other people, those that struggle with social phobia develop a paralyzing fear being around other people whether it is during a social gathering or in a crowded area like the mall or school. People struggling with social phobia have an intense fear that they will embarrass themselves in front of other people as well as a fear of rejection. Social phobia is classified as a childhood anxiety disorder as it is commonly seen among children and adolescence.

Commonly referred to as PTSD, this type of anxiety disorder is often exhibited by individuals who have, at one point in their life, experienced an extremely traumatic event. This may come in the form of fighting in a war, being victimized by a violent crime or a sudden death or injury of a loved one. Individuals that are reminded of these traumatic events - whether a sound, place, or circumstance - begin to exhibit numerous symptoms attributed to anxiety disorders such as shortness of breath, palpitations, and a feeling of being trapped and helplessness.

The good thing about these common anxiety disorders is that they are treatable. The first step of this is coming to terms and accepting that this condition exists. If you think you are suffering from any of these types of anxiety disorders, or know someone who is, it is best to immediately seek medical help to deal with its symptoms and take control of your life.


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Monday, November 28, 2011

Using private label rights for list building. - Business - ECommerce

Learn how to organize a profitable list building business. A lucrative list building attempt is a wonderful way to make your online business easier. Also, a well-paid list building business is an amazing way to expand your online business in leaps and bounds. Create a hungry base of people to whom you can mail offers and promotions.

So how do you use PLR for profitable list building business to make your online business simpler and to grow your online business with ease? I have put together a list of some detailed new steps to help you to make your online business easier with PLR list building business. Try with some unbelievable new ways to help you to make your online business easier.

Productive list building is an essential element too many Internet based marketing campaigns today. Indeed, there are many promotional efforts that actually succeed because of the fact that they include productive list building efforts. List building of course is the process of creating a choice in email list of interested individuals in your niche online. But that is just the process list building is really about creating relationships. By making different Types of lists like Mail order response list, in house list, compiled list and business versus consumer list, you have to create relationships to succeed especially in this day and age of so many people list building. You have to not just have the best emails but you have to have the best relationship.

As the internet becomes more advanced, PLR list building and the corresponding relationship building that occurs will be the primary method by which goods and services flow online. The more people who are on your list the more people will receive your direct marketing or business opportunity you are presenting.

When your list constantly grows, the margin for you reap serious benefits. Your ability to drag power out of your list is realize and spin around the fact that you are the only one marketing to your exact list. Since you are the owner of your list, you are the one and only person who can contact your unique list of prospects. By cultivating your own list, you relieve your list of having to deal with endless spam from different companies. This gives you customers who keep an open ear and mind to your business, which translates into more for your business. Make your list work for you.

With this in mind, there are 5 steps that can be used in order to create more money in list building, in order to increase revenue and profit through productive list bui List building of course is the process of creating an opt in email list of interested individuals in your niche online. But that is just the process list building is really about creating relationships. By making different Types of lists like Mail order response list, in house list, compiled list and business versus consumer list, you have to create relationships to succeed especially in this day and age of so many people list building. You have to not just have the best emails but you have to have the best relationship.

As the internet becomes more advanced, that list building and the corresponding relationship building that occurs will be the primary method by which goods and services flow online. The more people who are on your list the more people will receive your direct marketing or business opportunity you are offering.

When your list constantly grows, the margin for you reap serious benefits. Your ability to pull power out of your list is realized and revolves around the fact that you are the only one marketing to your specific list. Since you are the owner of your list, you are the sole person who can contact your unique list of prospects. By cultivating your own list, you relieve your list of having to deal with endless spam from different companies. This gives you customers who keep an open ear and mind to your business, which translates into more for your business. Make your list work for you.Through this article, you are provided with an overview of these important, crucial steps.


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Sunday, November 27, 2011

Sexual Behavior - Health

Sexuality refers to different sexual relationships and sexual behavior between man and women. A sexual relationship can be between the opposite genders that are considered normal. But sexual relationship between man to man or woman to women is not looked up with the same dignity in many societies and is considered unethical.

There are gay people, or homosexuals, who are romantically attracted to members of their own sex and are involved in sexual activity with them. They are scared to show their sexuality as there is often a pressure from most of the societies that stops them to show their feelings. But there are gay men all around the world. Although they were not looked upon with much respect but now increased societal acceptance in recent times, as well as gay advocacy, has lead more gay people to be open about their sexuality.

The same is the case with lesbians, the women who are involved with women in sexual activity. They often face more disrepute than men as it is not acceptable for most of the societies.

There are bisexual who are indulged in sexual activity with both the opposite gender as well as their own gender. That means that an individual has sex with both men as well as women.

All types of sexual relationships have sexual problems related to it if proper precautions are not taken while having sex. Each and every individual is at a risk of being infected by the sexually transmitted diseases if safe sex is not followed.

Apart from sexual relationships and problems related to it there individual sexual behavior. There are some individuals who lack in sexual activity and is generally known as sexual dysfunction or there are some who are too much involved in sexual activity and are victims of compressed sexual behavior. Sexual dysfunction in both men and women is due to various reasons such as lack of energy, physical or psychological health or lack of self esteem that can be resolved. But sexual compressed behavior at times can make individuals commit crimes such as rape and need to be cured.

Find more information visit: Sexual Behavior


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Friday, November 25, 2011

There's a Reason why Recruitment Agencies Choose Danbro... - Finance - Accounting

As one of the UK's most reputable providers of accountancy and payroll solutions to contractors, Danbro speak up on why they continue to develop long lasting relationships with some of the most respected agencies in the UK.

...it's equally important to ensure a synergy exists between both parties... its here where we've thrived.

As a firm with over ten years experience in payroll and accounting solutions for contractors, Danbro have become one of the fastest growing private companies in the UK. In 2009, for the third year running, they were members of the Sunday Times Virgin Fast Track 100 list of top-performing companies, featuring 40th with 92% annual growth and sales of 51.1million.

With experience comes understanding, which is why Danbro have successfully developed relationships with some of the most respectable recruitment agencies in the industry. Heavy investment into the development of long lasting, sustainable relationships has proved crucial in their success.

Business development manager Michael Rhodes explained, "Every agency that we deal with will have a different working practice, expectation and ethos to the next, which is why we have invested heavily in CRM systems, relationship managers and in tailoring our processes to suit their requirements. As a firm boasting a comprehensive list of awards, accreditations and memberships, agencies have total peace of mind when it comes to compliance and expertise. However, it's equally important to ensure a synergy exists between both parties from an operations point of view and it is here where we've thrived.

More and more agencies are turning to Danbro and Sales Director of IT Works, Darren Mills confirms why;

...the proof of a good accountancy firm is in the delivery, and Danbro have kept delivering. They focus on individual needs, and have never failed to pay a single contractor on time, which is a direct reflection on IT Works".

Why agencies choose Danbro...

Increased Profit Margins - Danbro will tailor their process to suit the specific needs of your company - increasing efficiency and lowering costs.

Focus - Strive to meet your primary objectives and rely on Danbro to handle payroll and accounting affairs.

Compliance - As one of the most accredited service providers in the market, agencies and contractors are reassured that they are in safe, capable hands.

Customer Service - 9 out of 10 of contractors using Danbro would recommend them to one of their colleagues.

Contractor Solutions

Danbro provide free unbiased advice tailored to suit the individual needs of the contractor. You could label Danbro as a 'One Stop' for all accountancy and payroll solutions. Some of their services include;

* PAYE Umbrella solution * Danbro Personal Umbrella * Ltd Company Formation * Ltd Company Accounting * CIS solution * International solutions

Visit Danbro - Umbrella Company Contractor Accountants for more information.


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Thursday, November 24, 2011

Take the guesswork out of choosing a debt settlement lawyer - Finance - Debt Management

In today's economy, incurring debt has become a normal way of life. To pay off for the house, the car and other needs, we have made use of loans in order to get money or goods upfront. This poses no problem as long as there is sufficient cash flow to pay off our debts. However when getting income starts to become difficult, payments on debts can be missed. And during real tough times, debt can continue to grow due to late fees and larger interest rates due to penalties.

Debt settlement is a way to reduce the total amount of the debt that needs to be paid. Though not all debt can be settled, purchases from medical bills or credit cards can usually be negotiated.

Debt settlement lawyers come in at this time to represent the debtor. They are the ones that negotiate with the creditor on the terms for paying off the debt. These settlement lawyers come in very handy when you are strapped for cash but would want to prevent your debts from ballooning any further.

How do Debt Settlement Lawyers work?

A point is reached where a creditor or loaning facility would want to collect the debt incurred against a person. The debtor can then choose to pay off the debt fully if he can or settle the debt. Debt settlement lawyers can be hired to act as legal representatives of the debtor to negotiate with the creditors. During this time the debtor is instructed to set up a certain amount that will be used for settling the debt. A debtor makes monthly payments to the settlement lawyers, part of which is used for legal fees and part is to set up a special purposes account. This account which is similar to a trust fund is built up until it can be enough to pay the settled debt.

Debt settlement lawyers in turn negotiate with credit companies to settle the loan. Loan reduction can be in the form of lowering fees and cancelling penalties on the loan. Once an agreement is settled, the debt lawyers collect their fees and the creditor can take the payment from the trust fund.

When should you turn to Debt Settlement Lawyers?

If you have incurred large amounts of debt, then lawyers are a definite option for you. These lawyers usually have good working relationships with credit companies so you can expect the process to be much quicker.

Debt settlement is a way to get out of debt and avoid bankruptcy. Typically, you should first check out the legal fees involved in hiring lawyers. If this fee along with about 70% of your debt would be much less than paying off the whole amount then debt settlement lawyers should be a clear option for you to take.

Debt settlement lawyers also make it possible for you to have a better chance to settle your debt. Credit companies look for ways to get at least part of the amount loaned. But these companies are also much more comfortable dealing with accredited legal personalities than personal creditors.

You can search for debt lawyers online. Check as well with your creditors, they usually have working relationships with good debt settlement lawyers. Just learn to do your research well, ask your friends who have gone through debt settlement.

What to expect and what to look out for

Debt settlement is not a clear cut case. There are many loopholes and things to be wary about in terms of legal fees and even going to court.

First, be aware of debt lawyers and their business standing and company history. Professional lawyers are direct, clear and will be upfront with you regarding your chances to settle your debt. These are companies that protect the interest of their clients, so do your research well. Make sure to say your expectations with them so you can both come to terms with what the realistic outcome will be. Ask about the risks, penalties as well as possible lawsuits.

Trust funds should be set by banks that are insured by the Federal Deposit Insurance Company. If the lawyers say you should put your money somewhere else then do be cautious and look for other lawyers.

Debt settlement can take a long time in some cases. Settlements dragging on for years are not uncommon. Also your credit rating can take a hit even if you have settled your debt. However the option of using debt settlement lawyers is still very attractive should you wish to get out of debt in better terms.


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Wednesday, November 23, 2011

Making the Leap: Do You Have What It Takes for Investment Banking? - Education - College and University

Investment banking hearing these two words cant help but evoke images of Wall Street, high profile deals, posh marble and wood offices, and sharp bankers in well-tailored suits (not to mention the potentially large bonuses that can come with all of the above). As long there as there are investment banks, there will be MBAs flocking to become the next high flying financiers in the worlds major financial hotspots - New York, London, Hong Kong, Tokyo and Singapore.

Business schools have long been the training grounds and feeders of talent for global investment banks and regional firms. Despite the setback that the industry suffered during the financial downturn, investment banking remains highly attractive to MBA students. The combination of rigorous financial training, an extremely demanding work environment and early exposure to CEOs and CFOs at client firms provides an irresistible combination of experiences and skill building that can fast-track ones post-MBA career.

Many MBA students will set their sites on investment banking starting in the fall of their first year of b-school. While firms recruit high caliber MBAs from a wide range of backgrounds, the question that runs through the mind of every aspiring banker, of course is can they make the leap?

Your Pre-MBA Work Experience and Passion for Banking

There is not a typical pre-MBA profile that investment banks seek in MBA candidates. Previous financial experience is valued, but not required. What banks are really looking for are strong athletes, those that have the raw mental horsepower and aptitude for finance, and that possess the stamina to work 100+ hours per week.

Some MBA students have made radical career switches into banking. For example, weve known of former chefs, high school teachers, engineers, and even fighter pilots and professional athletes successfully transitioning into investment banking. What are the common denominators for all these MBA students? financial acumen, the ability to fit in (read: social conformity), and a clear passion for banking.

For former investment banking analysts who are seeking to continue their post-MBA career in the field, there are advantages and disadvantages to being a career advancer within banking. The advantages include having the requisite modeling skills, understanding the demanding culture and pace of banking and being able to speak the language of deal flow, IPOs, PPMs and M&A. However, there are also disadvantages MBAs who were analysts in their past life will be held to a higher standard of analytical and technical competency, particularly during the interview. They will also be heavily probed by skeptical bankers as to why they want to continue in banking. If youre a former analyst, be ready to state a strong case for your candidacy.

Leverage Your B-school Experience for Banking

Banks are looking for newly minted MBAs who are eager to enter into the industry, and willing to sacrifice their personal lives to get ahead and make their mark. Firms will source this talent from top business schools globally, and for firms based in major Western financial centers such as New York or London, primarily from elite schools in the US and Europe.

The caliber of your school will either be an entre or barrier to entry into investment banking. Major bulge bracket banks such as Deutsche Bank, Credit Suisse, Morgan Stanley, J.P. Morgan Chase, and UBS have target schools, as do prominent middle market firms such as Houlihan Loki, Piper Jaffray, Lazard, and Miller Buckfire. This means that leveraging your b-school experience starts with being planful about which school you apply to (i.e. those that have formal recruiting relationships with firms) and ultimately decide to attend. If your school is not a target school for investment banks, it makes it much more difficult to break into the industry. The Sharpening Process

What allows MBA students to make dramatic career switches is what we term The Sharpening Process, that occurs during both the first and second year of a full-time program. Through carefully chosen academic work, formal and informal networking opportunities and a steady acquisition of industry knowledge you can hone your candidacy for investment banking during the first year. Much of this will occur during the fall of the first year, when banks do heavy recruiting on campus ahead of actual internship interviews in January and February. The key elements of this sharpening process are below:

Classes Financial course work can be beneficial in preparing you for banking, although you will likely find that is courses dont have as much actual utility in the fall recruiting process. While the knowledge you gain in accounting, finance and modeling will be valuable in the technical portion of your internship interviews with banks, networking conversations you have leading up to those interviews will probably not require you to flex this knowledge too much. In general, the core breadth requirements that you take the first quarter or semester of your first year are acceptable for investment banking.

Student Clubs Joining your schools investment banking club will be an integral part of your preparation for a career in banking. The club provides students will access to recruiting activities and events, as well as guidance through programs such as resume reviews, networking practice, technical reviews and mock interviews. Through the investment banking club, first years can receive either formal or informal mentoring from second years, who will be instrumental in showing their more junior classmates the ropes of networking, preparing for interviews and how to be successful during the internship. The investment banking club can also provide discounts on technical training sessions through vendors such as Training the Street. If youre serious about banking, count on joining and being an active member of this student club.

Experiential Learning Banking recruiting starts early in the fall of your first year, and continues fast and furious straight through internship interviews in January and February. This doesnt give you too much opportunity to bolster your candidacy through additional banking-related learning activities. That being said, certain b-schools will offer IPO and M&A case competitions that you can participate in with classmates, which simulate working on deal teams. This will give you the opportunity to hone your financial and deal-making skills, as well as provide you with a great talking point on your resume. Your schools bank week trek, usually to New York, London or Hong Kong, depending on your geographic focus, is also another form of experiential learning; theres nothing like stepping into a firms offices (read: their home turf) to get a gut-level feel of a firms culture and work environment.

Networking The single most important activity you can do to increase your chances of getting selected for an interview is networking. In fact, youll spend most of your fall attending formal networking events arranged through your school and/or by the banks, and the rest of your time developing individual relationships with bankers through informational interviews. This is a process, and you will be constantly evaluating how your networking is going, with whom you have made connections with, and your perceived likelihood of getting invited to interview. All this effort culminates into a banking trek, which, if your school offers such a trek, will usually happen in December of your first year. The banking trek is essentially your final opportunity to solidify your relationships with bankers in hopes of being selected for interview.

The Internship If you are a career changer, doing a banking internship is absolutely required to have any hopes of transitioning successfully into the field post-MBA. While banks are very open to taking students from different backgrounds for the summer, they are much more stringent in requiring that any full-time hires have had a summer in banking resulting in a full-time offer, and preferably at a well-known competitor firm, if not their own. In addition, banks (particularly bulge bracket banks) are attracted to students who receive multiple offers from other banks, and will even ask candidates if theyve received any other offers as a measure of candidates desirability. Net-net, what this means is that you should count on securing a summer associate position if you are serious about having a career in banking.

The career leap to investment banking is an attainable one by many aspiring MBAs. What is critical for success is, first, understanding the very nuanced networking that is required to build relationships with bankers and be successful in the recruiting process, and second, being prepared for the investment banking interviews, which requires a strong performance in both the fit and technical portions of the interview. Any MBA first year can do well in both, but this does require understanding the process and executing well every step of the way.

Best of in making the leap!


0

Tuesday, November 22, 2011

Making the Leap: Do You Have What It Takes for Investment Banking? - Education - College and University

Investment banking hearing these two words cant help but evoke images of Wall Street, high profile deals, posh marble and wood offices, and sharp bankers in well-tailored suits (not to mention the potentially large bonuses that can come with all of the above). As long there as there are investment banks, there will be MBAs flocking to become the next high flying financiers in the worlds major financial hotspots - New York, London, Hong Kong, Tokyo and Singapore.

Business schools have long been the training grounds and feeders of talent for global investment banks and regional firms. Despite the setback that the industry suffered during the financial downturn, investment banking remains highly attractive to MBA students. The combination of rigorous financial training, an extremely demanding work environment and early exposure to CEOs and CFOs at client firms provides an irresistible combination of experiences and skill building that can fast-track ones post-MBA career.

Many MBA students will set their sites on investment banking starting in the fall of their first year of b-school. While firms recruit high caliber MBAs from a wide range of backgrounds, the question that runs through the mind of every aspiring banker, of course is can they make the leap?

Your Pre-MBA Work Experience and Passion for Banking

There is not a typical pre-MBA profile that investment banks seek in MBA candidates. Previous financial experience is valued, but not required. What banks are really looking for are strong athletes, those that have the raw mental horsepower and aptitude for finance, and that possess the stamina to work 100+ hours per week.

Some MBA students have made radical career switches into banking. For example, weve known of former chefs, high school teachers, engineers, and even fighter pilots and professional athletes successfully transitioning into investment banking. What are the common denominators for all these MBA students? financial acumen, the ability to fit in (read: social conformity), and a clear passion for banking.

For former investment banking analysts who are seeking to continue their post-MBA career in the field, there are advantages and disadvantages to being a career advancer within banking. The advantages include having the requisite modeling skills, understanding the demanding culture and pace of banking and being able to speak the language of deal flow, IPOs, PPMs and M&A. However, there are also disadvantages MBAs who were analysts in their past life will be held to a higher standard of analytical and technical competency, particularly during the interview. They will also be heavily probed by skeptical bankers as to why they want to continue in banking. If youre a former analyst, be ready to state a strong case for your candidacy.

Leverage Your B-school Experience for Banking

Banks are looking for newly minted MBAs who are eager to enter into the industry, and willing to sacrifice their personal lives to get ahead and make their mark. Firms will source this talent from top business schools globally, and for firms based in major Western financial centers such as New York or London, primarily from elite schools in the US and Europe.

The caliber of your school will either be an entre or barrier to entry into investment banking. Major bulge bracket banks such as Deutsche Bank, Credit Suisse, Morgan Stanley, J.P. Morgan Chase, and UBS have target schools, as do prominent middle market firms such as Houlihan Loki, Piper Jaffray, Lazard, and Miller Buckfire. This means that leveraging your b-school experience starts with being planful about which school you apply to (i.e. those that have formal recruiting relationships with firms) and ultimately decide to attend. If your school is not a target school for investment banks, it makes it much more difficult to break into the industry. The Sharpening Process

What allows MBA students to make dramatic career switches is what we term The Sharpening Process, that occurs during both the first and second year of a full-time program. Through carefully chosen academic work, formal and informal networking opportunities and a steady acquisition of industry knowledge you can hone your candidacy for investment banking during the first year. Much of this will occur during the fall of the first year, when banks do heavy recruiting on campus ahead of actual internship interviews in January and February. The key elements of this sharpening process are below:

Classes Financial course work can be beneficial in preparing you for banking, although you will likely find that is courses dont have as much actual utility in the fall recruiting process. While the knowledge you gain in accounting, finance and modeling will be valuable in the technical portion of your internship interviews with banks, networking conversations you have leading up to those interviews will probably not require you to flex this knowledge too much. In general, the core breadth requirements that you take the first quarter or semester of your first year are acceptable for investment banking.

Student Clubs Joining your schools investment banking club will be an integral part of your preparation for a career in banking. The club provides students will access to recruiting activities and events, as well as guidance through programs such as resume reviews, networking practice, technical reviews and mock interviews. Through the investment banking club, first years can receive either formal or informal mentoring from second years, who will be instrumental in showing their more junior classmates the ropes of networking, preparing for interviews and how to be successful during the internship. The investment banking club can also provide discounts on technical training sessions through vendors such as Training the Street. If youre serious about banking, count on joining and being an active member of this student club.

Experiential Learning Banking recruiting starts early in the fall of your first year, and continues fast and furious straight through internship interviews in January and February. This doesnt give you too much opportunity to bolster your candidacy through additional banking-related learning activities. That being said, certain b-schools will offer IPO and M&A case competitions that you can participate in with classmates, which simulate working on deal teams. This will give you the opportunity to hone your financial and deal-making skills, as well as provide you with a great talking point on your resume. Your schools bank week trek, usually to New York, London or Hong Kong, depending on your geographic focus, is also another form of experiential learning; theres nothing like stepping into a firms offices (read: their home turf) to get a gut-level feel of a firms culture and work environment.

Networking The single most important activity you can do to increase your chances of getting selected for an interview is networking. In fact, youll spend most of your fall attending formal networking events arranged through your school and/or by the banks, and the rest of your time developing individual relationships with bankers through informational interviews. This is a process, and you will be constantly evaluating how your networking is going, with whom you have made connections with, and your perceived likelihood of getting invited to interview. All this effort culminates into a banking trek, which, if your school offers such a trek, will usually happen in December of your first year. The banking trek is essentially your final opportunity to solidify your relationships with bankers in hopes of being selected for interview.

The Internship If you are a career changer, doing a banking internship is absolutely required to have any hopes of transitioning successfully into the field post-MBA. While banks are very open to taking students from different backgrounds for the summer, they are much more stringent in requiring that any full-time hires have had a summer in banking resulting in a full-time offer, and preferably at a well-known competitor firm, if not their own. In addition, banks (particularly bulge bracket banks) are attracted to students who receive multiple offers from other banks, and will even ask candidates if theyve received any other offers as a measure of candidates desirability. Net-net, what this means is that you should count on securing a summer associate position if you are serious about having a career in banking.

The career leap to investment banking is an attainable one by many aspiring MBAs. What is critical for success is, first, understanding the very nuanced networking that is required to build relationships with bankers and be successful in the recruiting process, and second, being prepared for the investment banking interviews, which requires a strong performance in both the fit and technical portions of the interview. Any MBA first year can do well in both, but this does require understanding the process and executing well every step of the way.

Best of in making the leap!


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Monday, November 21, 2011

It

What's important about a relationship? Everything! True success comes within the confines of authentic relationships. Anything less is superficial.

You buy and sell based on relationships. You hire and fire based on relationships. You agree or disagree based on relationships.

Relationships are necessary for every endeavor you attempt. Since you know the significance of a relationship, why do you (and me) mess them up so much of the time?

When was the last time you took an inventory of your relationships? Or do you just think your relationship "health" will maintain itself?

When you enter into a relationship, you expect it to last, right?Unfortunately, things change and so do people. In time, people's flaws start to show and you find yourself doing more relationship maintenance than you'd like. When do you pull the plug? Should you pull the plug? When do you clean house? What determines your next move?

At this point in time you should assess your relationship's value. A relationship is like a good pair of shoes: they're nice and shiny, clean and look pretty spiffy when they're new. Then they become very comfortable and feel great! After awhile they start to look a little scruffy, maybe a tear here and there and the sole needs repair.

How do you know if your relationship needs a little repair or if it should get a total overhaul or if it's doomed?

Relationship Check-UpHere is a list of things to look at when assessing your relationship's value:

? Check the FoundationTrust is the foundation of every relationship. Business. Love. Customer. The key to trust is honesty. If you catch someone telling half-truths, not giving you the heads up, or letting you find out in front of others, your relationship may be beyond repair. And it should be. There is no glory in wasting time in a relationship with someone who treats you badly.

? Look at the Face ValueAppearance, whether you like it or not, does matter. It's about your level of attraction, not only physically but emotionally and spiritually. This isn't only limited to love relationships but to business and commerce relationships as well. Do you buy something from a guy on the corner looking scruffy wearing a trench coat? Or will you call the guy at the end of the bar who obviously doesn't care about his hygiene? You may see this as being unkind but it's there in your subconscious.

? Cross-Check and VerifyLook at the problems in these areas: communication, solution-finding, forgiveness, motivation and attitude. Does she/he pull their weight? Do you communicate well to get the work done with high marks? You see, the problem you will run into is that once you've been in a relationship for a while, it can be hard to evaluate your situation objectively. Make an honest list of pros and cons. Another exercise you can do is called the "photo album" exercise. Spend a few days writing down the stories, memories and recollections of the relationship. Include both good and bad. Then page through your memories, looking at how you felt during each recollection. This will remind you of what you've forgotten about over the last few years or months good and not-so-good.

? Talk to an ExpertIf you aren't clear about what you are seeing or feeling talk to someone. Call your personal life coach or therapist or a trusted friend. Give them the lowdown on what's been happening in the relationship. Listen to their feedback knowing you have the option to dismiss it or consider what your "blindspots" are in the relationship. Be willing to admit when you've conceded to less than what you've deserved. On the other hand, be open to recognize when you haven't measured up to par.

These are a few approaches to use in coming to terms with your relationships, both personally and professionally. As life grows more complex so do your relationships. Begin now to recognize the worth of each relationship you are in, knowing you have the choice to make it better.


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Sunday, November 20, 2011

The Best Relationships Help You Will Ever Find - Other

Often men and women are at opposite ends of the spectrum when the issue of relationships is taken into account. Their behaviors and differences are most noticeable when taking into consideration how they behave during emotion charged conflicts. This provides a clear insight into realizing how they process their differences.

According to surveys written by relationship counselors, limited communication is credited for more than half of the failed relationships that are observed and documented. This is not a surprise to anyone who has lived inside a relationship that has lasted more than a couple of weeks.

One very interesting factor is the number of reasons that lead to the failure of relationships. Stories of the behavioral misdeeds and misunderstandings that trigger relationship disasters reveal an intricate series of obvious manipulations.

Differences in how individuals in a relationship were raised and the reasons couples came together in the first place can differ so much that their motives often contribute to tears in the fabric of the relationship.

One example is the emotional baggage one or both partners may carry from from having survived terrible childhood experiences. What is learned from each perspective that is observed provides examples that counselors apply from their session successes and small failures.

This equips them to help couples from a diverse range of points of view. The knowledge and experience of long sessions with couples focused coaching provides relationship coaches a rich storehouse of tools for helping partners in a relationship.

The old expression, "Knowledge is power," sounds true once it is pointed toward a relationship's survival. When couples take even a few minutes to focus on their relationship strengths, they can learn to make the relationship stronger. By stronger I mean, the strength that many relationships experience is founded on old mental junk being experienced over and over by the partners.

In nearly every situation couples keep their baggage a secret from their partner. Most of the time partners wait until it's too late to share their baggage with their partner. The primary issue that hurts the relationship is often not the emotional baggage or the related issues that contribute to the break up of the relationship.

What tends to accelerate the failure of the relationship is the silent misery and suffering compounded with a quietly held feeling that the other partner should actually know everything about this baggage, even though neither of them has ever risked talking directly about the issue that causes them to suffer.

Working to make your relationship work may seem like a big task but often adding more humor can have an amazing impact. There are many ways to put your relationship on a different track, but it may take lots of out of the box thinking to get the ball rolling. John Maxwell, the extremely talented author of "Relationships 101," says, "People don't care how much you know, until they know how much you care." In many relationships couples ignore this most valuable part of any relationship's potential for improvement.

Thinking more about looking at ways of growing your relationship outside he physical level of living together, means each partner must be profoundly dedicated to the other partner. Once both partners center on their loyalty to each other change can begin.

This step includes undertaking the risk of assuming each of the partners is keeping a secret about the baggage they bought into the relationship. This is not a suggestion that partners pry or aggressively intrude into the other partner's privacy, because privacy is always vital in a relationship.

The message here is that while privacy must forever be honored, partners must share the secrets that could hurt the relationship if they are not disclosed. Communicating is not requiring your partner to divulge every detail of their day. True communication travels to physical and emotional locations untouched by words alone.

What helps to translate the balance that is required starts with looking into the heart of the matter and searching for a means of locating a handle on one's own baggage. Many times partners are attracted to each other because of their differences.

It is well known that children who experience an abusive environment will mostly find themselves in an abusive relationship as an adult. Acknowledging the reality of the presence of this baggage in one's self forms the basis of the subconscious desire for the other partner's understanding in the form of silent knowing.

Additionally, it is also true that this baggage, once revealed, helps the partner gain an enhanced understanding of the behaviors and barriers that have been part of the relationship. The healing and preventative process should start out with a message and an understanding that all old baggage, both known and unknown, lives|in the relationship.

Both partners must also acknowledge that open and honest communication is the primary component for the success of the relationship, while limited communication can be the main cause for any potential for the failure of the relationship. Relationships where limited communication is the norm won't survive.

Relationships survive when open and sensitive communication is active and practiced regularly. Once open communication is ends, so does the relationship.


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Saturday, November 19, 2011

3 Quotes About Relationships - Help Solve YOUR Relationship Problems, Today! - Shopping

Relationships are hard work! Whether you're talking about romantic relationships, sibling relationships, relationships with friends, colleagues and even acquaintances - all these forms of relationships bring with them difficulties, and relationship questions you'd like answering.

Well, I have good news for those of you looking for relationship advice online. There is an 'easy solution' to all your relationship woes, and that solution is YOU...

And that's what this relationship article is going to be about. And, together with 3 quotes about relationships, we're going to discover how WE - you and I - can improve our relationships by simply improving ourselves, and how we respond to life...

Relationship Quote #1:

"Problems in relationship occur because each person is concentrating on what is missing in the other person." -- Wayne Dyer

So let's start with a basic truism about relationship problems. If we continue to think it's the other person's fault our relationship with that person is going to continue being a 'problem'.

I know that life would be a whole lot easier if this other person (that you're having relationship problems with) would one day just realise how foolish they've been, if they'd just 'see the light', and admit that they were wrong; that they'd just change their ways.

But it's not going to happen any time soon, mainly because it's just not true. It takes two to Tango, in any relationship. Which means, no matter if a relationship is going well or going badly, it's both your 'faults'.

And that's what Wayne Dyer's rather succinct quote about relationships reveals.

So STOP, stop looking at what the other person is doing wrong and START, start looking at what you could be doing better. Start looking at the relationship from the other person's viewpoint - a little bit of empathy goes a very, very long way. Talking of which...

Relationship Quote #2:

"Personal relationships are the fertile soil from which all advancement...all success... all achievement in real life grows." -- Ben Stein

Yes, perhaps the whole point of relationships with others - romantic, or otherwise - is to show us 'ourselves', the good bits and the bad.

Of course it never looks like that, when we meet someone that we really do not like, that we argue with furiously. But these are the relationships we should treasure, he said counter-intuitively, because these are the relationships that are trying to reveal to us 'secrets' and 'dark places' that we'd rather not have revealed.

Relationships challenge us. And if we're being honest, we know it's NOT just because the other person is challenging. If we're being honest - and being honest with yourself, and then with others, is a vital ingredient to having healthy relationships in your life - we know it's because we have yet more to learn about life, and about ourselves.

That's what ol' Ben Stein means with his inspirational quote about relationships.

For when we recognise, then meet, then overcome our relationship challenges, then we grow as human beings, we grow...

Relationship Quote #3:

"The purpose of a relationship is not to have another who might complete you, but to have another with whom you might share your completeness." -- Neale Donald Walsch

Hmm, and when we stop looking outwards for help, start looking inwards again, then we can then become strong enough to not need to be in a relationship, then we can begin to enjoy our relationships like we never have before.

Strong, healthy relationships are about being open (vulnerable) to what life (and your relationships) want to bring you. You do not attach yourself to specific outcomes, instead you trust that whatever comes your way you are strong enough to fully embrace.

And then, then you can share your completeness with another, and life truly will feel all that it can be...

--

Openness, vulnerability, and truly 'being seen' - all of these states of being will help anyone, no matter how 'advanced' and 'wise' they are, have more fulfilling relationships.

But it all starts with recognising that a) blaming 'the other' is not the solution, b) relationships are meant to be challenging, to teach us about ourselves, and c) when we grow as human beings, the quality of our relationships grows likewise...


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Friday, November 18, 2011

Social Business Design

Social Business Design

Social Business Design is design for organizations that are made out of individuals. It is design for complexity, for increase productivity, and for sustainability. It is not design by division but designing for their nodes, hubs, constituents, connections, and signals and networks. The organization can be related to decentralized organism that has eyes and ears everywhere that people touch the company, whether they are employees, partners, customers, or suppliers. Social Business Design is a new discipline with some basic guidelines emerging. In addition, these emerging guidelines have less in common with traditional business design and more in common with social and business issues.

Technology, society, and work are all changing at breakneck speeds, creating new opportunities for value creation and capture across industries and geographies. However, businesses are having trouble-keeping pace, stymied by filter failure, isolated approaches, and legacy structures.

Social Business Design provides a solution, in the intentional creation of dynamic and socially calibrated systems, process, and culture. The goal is improving value exchange among constituents, through a framework consisting of four key archetypes: ecosystem, hive mind, dynamic signal, and metafilter.

It indicates the analysis of the social architecture, social exposure parameters of the social business. Social Business Design influences three key practice areas, customer participation, workforce collaboration, and business partner optimization. When applied, it produces both improved and emergent outcomes.

We foresee that organizations adapting to the Social Business Design framework designing for their nodes, hubs, constituents, connections, and signals will be more highly distributed, collaborative, and agile and better positioned to succeed.

Social Business Design is the intentional creation of dynamic and socially calibrated systems, process, and culture. The goal is improving value exchange among constituents.

Through Social Business Design, businesses re-envision their inherent architecture preparing them to meet the challenges and take advantage of the opportunities that these trends present. Workplace organization, management, & technology need to better integrate and adapt to the social needs, preferences, and nature of people.

Technology, society, and work are all changing at breakneck speeds. Businesses that seek to create and capture value from these changes must harness opportunities at their intersection, the hub of social business. We need to design for business intent and utilize our efficiencies as tools to help solve real business problems

It is understood that technological evolution has fueled every major business revolution, from agrarian to industrial. However, innovations spurred every major business shift that was unpredictable, yet visible to those with keen foresight.

Currently, the ever-increasing overlap between consumer and enterprise technology is opening up a number of opportunities for businesses to evolve and this continued overlap will only increase the pace of change. The technology tools and platforms are highly participatory and social. They take advantage of intrinsic human motivations to contribute in order to share opinions and knowledge, to be a part of something greater than what we would like to believe.

Cloud computing offers a flexible new approach to delivering IT services one that better responds to business needs. It is the most trusted solutions for transforming IT environment to support more flexible, agile service delivery with improved security and control. Bridging cloud-computing solutions, web based services, and on premise IT, deployments can provide organizations with new levels of infrastructure flexibility, user satisfaction, and significant cost savings opportunities.

Consumer adoption of technology has exploded, and people expect that their tools at work will provide the same robust level of communication as their personal computing options. The sophistication of affordable consumer devices is only going to increase and user expectations are set to spike as well. Over the last few years, the meme around social has filtered down into countless activities and processes across the business world, giving rise to now significant trends like Enterprise 2.0, Social CRM, customer communities, and so on.

Content and data are everywhere. People are creating and curating content like never before.

As data storage becomes cheaper, businesses are storing, archiving, and mining more data than previously possible. The increasing openness of APIs and data portability makes more enterprise data available for both consumers and employees to consume. Free flow of data also allows business partner relationships to be readily analyzed and optimized.

Exploiting these trends requires more than simply adopting new technologies. It requires forward-looking organizations to embrace change, mapping these trends to the strategic goals of the business.

Social networks are fundamental to how people communicate with each other and with companies. Organizations that can embrace new technology processes, and attitudes stand to benefit greatly from better-engaged customers to better-connected employee networks, businesses have a chance to leverage connectedness to achieve strategic goals. However, the most valuable resource that a person or company can have in the future is social capital, the sum of the deep relationships they have acquired over their lifetime in the networked economy.

People are increasingly wired and connected. Many countries see internet penetration rates over 70 percent with high percentages of users on broadband connections. Social networking sites have grown at dizzying rates; for example, Twitters user base has been growing by percentages of hundreds, if not thousands, and Facebook now connects hundreds of millions of active users worldwide.

The edge being the most decentralized part of the network. The best ideas and inputs will be far more transparent, spot, to capture as well, both internally and externally of organization.

Social innovation as new ideas that work to meet pressing unmet needs and improve peoples lives. (Mulgan, 2006) Social innovation is continuously emerging in the form of new behaviors, new organization models, and new ways of living. Transition towards sustainability requires radical changes in the way we produce, and generally, in the way we live. In fact, we need to learn how to live better, while reducing our ecological footprint and improving the quality of our social fabric. In this perspective, the link between the environmental and social dimensions of sustainability appears clearly, showing that radical social innovationswill be needed, in order to move from current, unsustainable models to new, sustainable ones. we have to see transition towards sustainability as a wide-reaching social learning process in which the most diversified forms of knowledge and organizational capabilities must be valorized in the most open and flexible way. Among these, a particular role w ill be played by local initiatives that, for several reasons, can be seen as promising cases of new behavior and new ways of thinking. We can consider three main clusters, cosmopolitan localizations, creative communities, and collaborative networks.

Local communitiesinvent unprecedented cultural activities, forms of organization and economic models. We can refer to these initiatives, as a whole, as cosmopolitan localization. It is easy to recognize that cosmopolitan localism is the result of the balance between being rooted and being open to global flows of ideas, information, people, things, and money.

There are groups of people the creative communities who have been able to think in a new way, developing a form of Collaborative creativity which they have managed to put very innovative forms of organization into action.

The starting point of collaborative networks is the organizational model emerging from the open Source movement collaborative approach has increasingly been applied to areas beyond the coding of software.

Now we can observe that these principles have been highly successful in proposing collaborative and effective organizational models in several other application fields. Quoting the British Design Council, which refers to them as Open models, they are new forms of organization that do not rely on mass participation in the creation of the service. The boundary is blurred between the users and producers of a service. It is effectively often impossible to differentiate between those who are creating the service and those who are the consumers or users of the output.

Institutions recognize the need for community support to achieve objectives.

Consumers desire to engage brands via social media channels for many reasons, including customer support and feedback. Brands now have an opportunity to engage with consumers directly, without the perceived spin of a traditional marketing message. For example, companies like Intuit and KFC have corporate representatives participating in online conversations with customers. Through active engagement, consumers seek opportunities to participate in the businesses of their favorite brands.

Social tools are making relationships engaged and collaborative among users, among employees, and between users and brands in every industry. How companies adopt these tools to evolve will set them apart.

The way people work has changed dramatically as new tools and technology challenge the traditional rules of how and when people can do their jobs. This new definition of work as a constant and collaborative function means that organizations have an opportunity to adapt in order to leverage a new ethos of the hyper-connected, always-on workforce. Advances in technology, changes in socio-demographics and attitude to work, economic markets, the sustainable construction agenda, and security issues are just a few of the factors impacting workplace design and operation.

Globalization means that work no longer requires three sequential shifts in one location each day; work is done by the first shift in a different location around the globe, around the clock. The nature of collaboration has expanded from inter-department to inter-office to international.

As born-digital workers enter the workforce, they bring new concepts of work/life balance to the table. The shift to information-based industries also makes the traditional delineation of working time difficult to pin down people dont turn their brains off when they walk out of the office, nor do they stay 100% task focused during the day.

Organizations have always attempted to optimize their operations with new forms of measurement, like Six Sigma or Activity Based Costing. However, the impact of social functionality has yet to be accounted for using traditional approaches. Corporate scandals and the global economic downturn have increased focus on corporate accountability and transparency, making measurement an absolute must.

As the idea of work is changing for employees and other stakeholders in a business, a crucial opportunity has emerged for businesses to become more flexible and open increasing efficiency and reducing inertia.

The Social Business Design Framework

Trends in technology, society, and the workplace are changing the way we do business and we need to rethink how we structure our organizations to take advantage of these emerging trends while overcoming associated challenges.

The intentional creation of dynamic and socially calibrated systems, process, and culture.

Social Business Design is a holistic, comprehensive business architecture that helps an organization improves value exchange among constituents. The Social Business Design framework consists of four mutually exclusive, collectively exhaustive archetypes:

Every business contains these archetypes; however, the extent to which they are dynamic and socially calibrated can typically be improved. Social business design provides insight to help measure and manage these areas to produce improved and emergent outcomes.

A robust, integrated network of nodes and connections when thinking of a business as a social ecosystem, it consists of a network of independent nodes and their interconnections. Internal departments, customer segments, and local area networks can all be thought of as independent nodes at the micro level.

At a higher level, businesses function as part of a system comprised of dozens, hundreds, or even thousands of smaller ecosystems. Addressing the business as a series of interconnected, yet independent nodes is vital to an effective business design.

The technology within a social business ecosystem comprises devices, services, and applications that mix proprietary and open offerings. For example, this includes the hardware and software owned and managed by the firms IT department, in addition to personal devices and applications used by employees. A successful social business design takes a comprehensive and inclusive approach to all of these tools. The construction of this new ecosystem requires a new kind of architecture, focused on digital structures of information and software. As we spend more time working in these shared information spaces, people will need and demand better search, navigation, and collaboration systems.

Itistime for a new view of organizations. The people in a companys ecosystem include employees as well as suppliers, distributors, customers, consumers, shareholders, local community, competitors, and others. These people compromise the various nodes that make up the new social business ecosystem.

The traditional pyramid-shaped organizational chart should not be flattened it should be deconstructed to resemble an interconnected network instead.

Once properly mapped, an ecosystemsbreadth and depth can be monitored, as well as the strength of ties therein. By staying vigilant about ecosystem health, a social business can take action based on strategic goals.

Several factors can be measured here to make an ecosystem more effective. Visually mapping an ecosystem gives us insight into its size, shape, density, types, and numbers of connections, types of roles, and patterns of reciprocal communication. Other analytics can pertain to email and intranet volume, social media activity, and manufacturing connectivity. Precision is critical; its not about getting everyone connected, its about getting the right groups connected in the right way.

A primary social calibration

As social tools and functionality are adopted more widely, it becomes less important for businesses to use traditional methods to force collaboration in the workplace, e.g. panoptic cubicle arrangements. Employees are entering the workforce socially engaged and used to collaborating.

The social business hive mind is a new kind of corporate culture whereby all participants move together towards common goals. Physicists refer to this as synchronous lateral excitation.

The social business hive mind makes decisions and receives continuous reinforcement through business interactions; a social inclination resides within a companys culture and tempers planning, decision-making, and work output.

Employees approach works with a social and collaborative mindset; customers expect participation and engagement; suppliers anticipate optimized and efficient process towards common goals.

Hive mindedness can be measured by assessing levels of collective awareness, engagement, and participation. Measurement here focuses on subjective perceptions analytics can include surveys, interviews, text analysis, and so on.

The goal is always to gain insight into constituents attitudes towards the value they get from participating versus the potential for trust issues and conflicts that they perceive. Once perceptions are measured, they can be constantly cultivated and re-measured to move the dial. Recently, scientists have begun to apply an epidemiological lens to many social phenomena, such as happiness, obesity, criminality, health behaviors, and others. Turns out that what we have traditionally seen as others shape individual behaviors.

A new mode of authorship and ownership

In a socially designed business, signals produced from all points are considered potentially relevant. Technology gives consumers the ability to author, own, and transmits signals, validated by search engines for relevance. In response, businesses can benefit from this dynamic information flow produced by constituents. Communication as work, not for work

With Social Business Design, communication becomes an integral part of how work streams relate to one another allowing decisions to be made with fresher information. Businesses progress towards strategic goals, under the assumption that all activities are on a need to know basis and anyone and everyone needs to know, all the time. Developing the perfect Dynamic Signal for an organization is 50% design work and 50% implementation. Designing a Dynamic Signal does not mean just creating a stream of data and events, but defining the user-relevant outcomes and identifying how those can be leveraged.

The perfect dynamic signal will combine existing enterprise data sources and will allow user-created events to be added to the stream. These sources should include outside services as well as internal sources. Few interesting enterprise systems lately, which take different approaches to integrating third parties such as Facebook, Twitter and cloud, based services like Sales force and WebEx.

The strength of a dynamic signal can be measured at transmission points and subsequently analyzed to drive business activity in response. For example, signaling within an ecosystem can be broken down into types and measured for frequency: status updates, email transmissions, or calendar updates can be assessed for signal strength or flow over time. When viewed in tandem with server traffic or signals derived from points in a manufacturing process, a business may be able to recognize obstacles in their current process or optimize this signal flow to achieve a particular business goal.

Collecting diverse data sets

As social businesses filter the tidal wave of information produced, they distill meaning from the qualitative and quantitative data emitted from their various nodes. Existing business intelligence tools help to create fairly orderly operating data sets, working in tandem with applications focused on parsing user-generated content that help make sense of unstructured data sets. APIs make two-way integration with public data sources increasingly seamless.

Social businesses require parallel processing of information so insight can be made actionable, faster. Information needs to be segmented into meaningful and manageable sets. Whats important to one person may be meaningless to another, but they must be able to process parts smaller than the whole.

Making sense of collective action, effective filtering, tagging, and sorting of data and measuring, its impact can produce opportunities for social businesses to capture valuable insight buried deep in data sets.

Here, almost all content types can provide meaningful data: shared documents, knowledge management activity, and user-generated content can provide valuable insight into business processes and topical importance when metadata is deployed, collected, and measured in the right way.

Applying Social Business Design

Social Business Design is a framework for rethinking how business gets done. This framework can be applied to help businesses solve the problems they face today. We focus on companies at the level of their component parts when applying Social Business Design, as each major operating function has its own inherent challenges and opportunities.

To that end, we focus Social Business Design on three key practice areas:

Customer Participation

Social business affords companies an opportunity to engage with customers in ways that traditional one-way communication cannot support.

With the ever-increasing adoption of consumerzed technology, people now carry powerful, networked devices everywhere. This constant connectivity drives the expectation of an always-on, always-available interaction with companies. With countless brands now participating on networks like Twitter and Facebook, consumers have come to expect, if not demand, that companies make themselves available for multi-directional communications.

These changes present enormous opportunity for brands to harness customer participation to drive value in numerous ways. Before this can happen, companies must overcome substantial new challenges. When internal company interactions arent interconnected, this increased customer communication results in disparate threads of dialog, instead of a holistic, meaningful conversation with measurable and actionable results. Further, the sheer

amount of information this customer engagement can create makes it difficult for existing organizations to discern signal from noise. Finally, measuring the impact of social endeavors can be difficult with traditional methods, but businesses demand objective ways to prove results.

Social Business Design provides a framework to help companies create value from customer participation. Applying the archetypes to core issues exposes clear opportunities for value capture. Customers can be virtually integrated into innovation process. New interaction tools allow companies to gain valuable input from customers via the Internet. New virtual interaction tools and virtual product experiences help to overcome these problems and enable customers to transfer their explicit and implicit knowledge to innovation teams. Through social business design and by employing powerful online participation tools, companies are starting to create deeper and more engaging community based relationships, where customers are treated more like partners .

Instead of being targeted by advertising messages, customers are recast as part of a network of participants in addition to corporate marketing, public relations, and customer service staff. Their connections facilitate open, multi-directional communications. The strength of ties between network nodes can be measured to determine ecosystem health.

The propensity of customers to engage with the company and each other can be assessed and cultivated. This leads to success in outreach and advocacy efforts.

Customers are recognized for the content they create and new modes of authorship and ownership come into play. Brands encourage signaling and respond with their own, in addition to initiating contact and anticipating response.

Content generated via participation is harvested and analyzed for relevance, providing feedback to the organization, which can be used to improve the nature and quality of participation going forward

Customers can be virtually integrated into innovation process. New interaction tools allow companies to gain valuable input from customers via the Internet. New virtual interaction tools and virtual product experiences help to overcome these problems and enable customers to transfer their explicit and implicit knowledge to innovation teams.

Workforce Collaboration

Social business renews focus on improving an organization from the inside out. At its core, a workforce needs to collaborate and coordinate efforts to meet business goals.

Employees benefit from evolved technology in the form of robust personal applications, networks, and devices, allowing for constant connection and more synchronous communication. Increased connectivity allows better management and coordination of distributed teams, whether around the country or around the globe. At the enterprise level, cloud computing allows companies to create collaboration platforms that support business activities with more flexibility than standalone legacy applications.

Even the most participation-minded workforce must overcome legacy structures to take advantage of enabling innovations. Organizationally, managers reinforce functional and operational silos to retain control of fiefdoms that align with rapidly dying business models. Technology supports disparate objectives within these silos, resulting in a landscape of point solutions instead of a unified platform when viewed at a company-wide level.

However, these issues are only exacerbated by incentive structures that motivate individuals to maximize nearsighted goals, only loosely connected to greater business objectives.

Social Business Design provides a framework to help companies create value from workforce collaboration.

Applying the archetypes to core issues exposes clear opportunities for value capture.

Ecosystem:

The definition of a companys workforce requires an expanded perspective of its constituent base beyond employees in a business unit or division. Besides breaking down internal silos, corporate networks must incorporate previously external nodes as contributing participants as well. The technology required to support this network must operate as a platform delivering what is necessary and relevant for nodes to perform and progress towards business goals.

The social calibration of the companys workforce needs to be measured and cultivated. Moreover, the business operates with distributed governance, which allows the best ideas to evolve from all corners of the network.

Dynamic Signal:

Communication takes on a new role and happens in social business as work, not just for work. Information like status messages and location updates allow workers to relate to each other and make better decisions more rapidly, with fresh data.

Content generated via collaboration is harvested and analyzed for relevance, providing feedback to the organization, which can be used to improve the nature and quality of collaboration going forward.

Business Partner Optimization

Social business requires rethinking value chain relationships, including connections like

Suppliers, distribution networks, and vendors/delivery partners.

Terabytes of data are available for companies to exchange, analyze, and act upon, driving

new possibilities in business intelligence. New data sources allow greater depth of understanding, whether via mining internal and external communities with specific business intent or combining sociological and psychological principles with technology. Operations have always been managed for efficiency and social business requires no less, albeit accountability at a system level.

For most companies, the business partner landscape unfolds as a tension-filled competitive environment. Different departments often interact with the same customer, prospect, or partner, pursuing disconnected corporate goals. Most strategies boil partnerships down into simple us-versus-them relationships which prevent genuine collaboration and dampen long-term system-improving results. Moreover, in the case of data more doesnt always mean better and the existing people and processes in many businesses struggle to filter and stay

on top of information overload.

Social Business Design provides a framework to help companies create value from business partner optimization. Applying the archetypes to core issues exposes clear opportunities for value capture.

Ecosystem:

Evolving the competitive nature of value chain relationships into a jointly-held system perspective will help optimize outcomes for all involved. Alliances move from defined supplier relationships to a dynamic network of business partners. Value creators are encouraged to innovate within the network to create value.

Hivemind

A social calibration of company and partners leads to higher overall returns. Business partners operate in a state of ready collaboration to respond more quickly to new opportunities and challenges, and with greater resources.

Dynamic Signal:

Data can be exchanged with intent that signals direction (albeit legally), allowing partner

ecosystems to react rapidly to capitalize on opportunity. Signals prepare systems and resources to align and respond quickly to changing market conditions.

Metafilter:

Content generated via partnership is harvested and analyzed for relevance, providing feedback to the organization which can be used to optimize the nature and quality of relationships going forward.

Results

When an enterprise chooses to recast itself with Social Business Design, two types of outcomes will be produced.

By redesigning customer participation, workforce collaboration, and business partner optimization from the perspective of the four core archetypes of Ecosystem, Hive mind, Dynamic Signal, and Metafilter, a company will increase value from its business activities. What this means is that application of Social Business Design concretely influences how people work, the efficiency of process, and effectiveness of technology infrastructure.

Business goals and objectives will be achieved with better outcomes than expected.

The most compelling outcomes are the ones that cannot be immediately predicted, but will appear over time because of the altered system working in dynamic, social calibration. We call these Emergent Outcomes and their potential inherently lies beyond the current scope and focus of the business. Being emergent, these outcomes become apparent only with a shift in business operations. Their existence lies on the border between the knowable and the unknown, requiring companies to forge ahead to reveal emergent opportunity.

As organizations become more adaptive to constituent needs, they create symbiotic relationships, as social business becomes business as usual. Doing away with traditional internal obstacles to growth and becoming more responsive to its ecosystem, a company organized around Social Business Design stands to gain new value previously unseen or anticipated. The future of business lies in intentional creation of dynamic and socially calibrated systems, process, and culture.


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Wednesday, November 16, 2011

Social Business Design

Social Business Design

Social Business Design is design for organizations that are made out of individuals. It is design for complexity, for increase productivity, and for sustainability. It is not design by division but designing for their nodes, hubs, constituents, connections, and signals and networks. The organization can be related to decentralized organism that has eyes and ears everywhere that people touch the company, whether they are employees, partners, customers, or suppliers. Social Business Design is a new discipline with some basic guidelines emerging. In addition, these emerging guidelines have less in common with traditional business design and more in common with social and business issues.

Technology, society, and work are all changing at breakneck speeds, creating new opportunities for value creation and capture across industries and geographies. However, businesses are having trouble-keeping pace, stymied by filter failure, isolated approaches, and legacy structures.

Social Business Design provides a solution, in the intentional creation of dynamic and socially calibrated systems, process, and culture. The goal is improving value exchange among constituents, through a framework consisting of four key archetypes: ecosystem, hive mind, dynamic signal, and metafilter.

It indicates the analysis of the social architecture, social exposure parameters of the social business. Social Business Design influences three key practice areas, customer participation, workforce collaboration, and business partner optimization. When applied, it produces both improved and emergent outcomes.

We foresee that organizations adapting to the Social Business Design framework designing for their nodes, hubs, constituents, connections, and signals will be more highly distributed, collaborative, and agile and better positioned to succeed.

Social Business Design is the intentional creation of dynamic and socially calibrated systems, process, and culture. The goal is improving value exchange among constituents.

Through Social Business Design, businesses re-envision their inherent architecture preparing them to meet the challenges and take advantage of the opportunities that these trends present. Workplace organization, management, & technology need to better integrate and adapt to the social needs, preferences, and nature of people.

Technology, society, and work are all changing at breakneck speeds. Businesses that seek to create and capture value from these changes must harness opportunities at their intersection, the hub of social business. We need to design for business intent and utilize our efficiencies as tools to help solve real business problems

It is understood that technological evolution has fueled every major business revolution, from agrarian to industrial. However, innovations spurred every major business shift that was unpredictable, yet visible to those with keen foresight.

Currently, the ever-increasing overlap between consumer and enterprise technology is opening up a number of opportunities for businesses to evolve and this continued overlap will only increase the pace of change. The technology tools and platforms are highly participatory and social. They take advantage of intrinsic human motivations to contribute in order to share opinions and knowledge, to be a part of something greater than what we would like to believe.

Cloud computing offers a flexible new approach to delivering IT services one that better responds to business needs. It is the most trusted solutions for transforming IT environment to support more flexible, agile service delivery with improved security and control. Bridging cloud-computing solutions, web based services, and on premise IT, deployments can provide organizations with new levels of infrastructure flexibility, user satisfaction, and significant cost savings opportunities.

Consumer adoption of technology has exploded, and people expect that their tools at work will provide the same robust level of communication as their personal computing options. The sophistication of affordable consumer devices is only going to increase and user expectations are set to spike as well. Over the last few years, the meme around social has filtered down into countless activities and processes across the business world, giving rise to now significant trends like Enterprise 2.0, Social CRM, customer communities, and so on.

Content and data are everywhere. People are creating and curating content like never before.

As data storage becomes cheaper, businesses are storing, archiving, and mining more data than previously possible. The increasing openness of APIs and data portability makes more enterprise data available for both consumers and employees to consume. Free flow of data also allows business partner relationships to be readily analyzed and optimized.

Exploiting these trends requires more than simply adopting new technologies. It requires forward-looking organizations to embrace change, mapping these trends to the strategic goals of the business.

Social networks are fundamental to how people communicate with each other and with companies. Organizations that can embrace new technology processes, and attitudes stand to benefit greatly from better-engaged customers to better-connected employee networks, businesses have a chance to leverage connectedness to achieve strategic goals. However, the most valuable resource that a person or company can have in the future is social capital, the sum of the deep relationships they have acquired over their lifetime in the networked economy.

People are increasingly wired and connected. Many countries see internet penetration rates over 70 percent with high percentages of users on broadband connections. Social networking sites have grown at dizzying rates; for example, Twitters user base has been growing by percentages of hundreds, if not thousands, and Facebook now connects hundreds of millions of active users worldwide.

The edge being the most decentralized part of the network. The best ideas and inputs will be far more transparent, spot, to capture as well, both internally and externally of organization.

Social innovation as new ideas that work to meet pressing unmet needs and improve peoples lives. (Mulgan, 2006) Social innovation is continuously emerging in the form of new behaviors, new organization models, and new ways of living. Transition towards sustainability requires radical changes in the way we produce, and generally, in the way we live. In fact, we need to learn how to live better, while reducing our ecological footprint and improving the quality of our social fabric. In this perspective, the link between the environmental and social dimensions of sustainability appears clearly, showing that radical social innovationswill be needed, in order to move from current, unsustainable models to new, sustainable ones. we have to see transition towards sustainability as a wide-reaching social learning process in which the most diversified forms of knowledge and organizational capabilities must be valorized in the most open and flexible way. Among these, a particular role w ill be played by local initiatives that, for several reasons, can be seen as promising cases of new behavior and new ways of thinking. We can consider three main clusters, cosmopolitan localizations, creative communities, and collaborative networks.

Local communitiesinvent unprecedented cultural activities, forms of organization and economic models. We can refer to these initiatives, as a whole, as cosmopolitan localization. It is easy to recognize that cosmopolitan localism is the result of the balance between being rooted and being open to global flows of ideas, information, people, things, and money.

There are groups of people the creative communities who have been able to think in a new way, developing a form of Collaborative creativity which they have managed to put very innovative forms of organization into action.

The starting point of collaborative networks is the organizational model emerging from the open Source movement collaborative approach has increasingly been applied to areas beyond the coding of software.

Now we can observe that these principles have been highly successful in proposing collaborative and effective organizational models in several other application fields. Quoting the British Design Council, which refers to them as Open models, they are new forms of organization that do not rely on mass participation in the creation of the service. The boundary is blurred between the users and producers of a service. It is effectively often impossible to differentiate between those who are creating the service and those who are the consumers or users of the output.

Institutions recognize the need for community support to achieve objectives.

Consumers desire to engage brands via social media channels for many reasons, including customer support and feedback. Brands now have an opportunity to engage with consumers directly, without the perceived spin of a traditional marketing message. For example, companies like Intuit and KFC have corporate representatives participating in online conversations with customers. Through active engagement, consumers seek opportunities to participate in the businesses of their favorite brands.

Social tools are making relationships engaged and collaborative among users, among employees, and between users and brands in every industry. How companies adopt these tools to evolve will set them apart.

The way people work has changed dramatically as new tools and technology challenge the traditional rules of how and when people can do their jobs. This new definition of work as a constant and collaborative function means that organizations have an opportunity to adapt in order to leverage a new ethos of the hyper-connected, always-on workforce. Advances in technology, changes in socio-demographics and attitude to work, economic markets, the sustainable construction agenda, and security issues are just a few of the factors impacting workplace design and operation.

Globalization means that work no longer requires three sequential shifts in one location each day; work is done by the first shift in a different location around the globe, around the clock. The nature of collaboration has expanded from inter-department to inter-office to international.

As born-digital workers enter the workforce, they bring new concepts of work/life balance to the table. The shift to information-based industries also makes the traditional delineation of working time difficult to pin down people dont turn their brains off when they walk out of the office, nor do they stay 100% task focused during the day.

Organizations have always attempted to optimize their operations with new forms of measurement, like Six Sigma or Activity Based Costing. However, the impact of social functionality has yet to be accounted for using traditional approaches. Corporate scandals and the global economic downturn have increased focus on corporate accountability and transparency, making measurement an absolute must.

As the idea of work is changing for employees and other stakeholders in a business, a crucial opportunity has emerged for businesses to become more flexible and open increasing efficiency and reducing inertia.

The Social Business Design Framework

Trends in technology, society, and the workplace are changing the way we do business and we need to rethink how we structure our organizations to take advantage of these emerging trends while overcoming associated challenges.

The intentional creation of dynamic and socially calibrated systems, process, and culture.

Social Business Design is a holistic, comprehensive business architecture that helps an organization improves value exchange among constituents. The Social Business Design framework consists of four mutually exclusive, collectively exhaustive archetypes:

Every business contains these archetypes; however, the extent to which they are dynamic and socially calibrated can typically be improved. Social business design provides insight to help measure and manage these areas to produce improved and emergent outcomes.

A robust, integrated network of nodes and connections when thinking of a business as a social ecosystem, it consists of a network of independent nodes and their interconnections. Internal departments, customer segments, and local area networks can all be thought of as independent nodes at the micro level.

At a higher level, businesses function as part of a system comprised of dozens, hundreds, or even thousands of smaller ecosystems. Addressing the business as a series of interconnected, yet independent nodes is vital to an effective business design.

The technology within a social business ecosystem comprises devices, services, and applications that mix proprietary and open offerings. For example, this includes the hardware and software owned and managed by the firms IT department, in addition to personal devices and applications used by employees. A successful social business design takes a comprehensive and inclusive approach to all of these tools. The construction of this new ecosystem requires a new kind of architecture, focused on digital structures of information and software. As we spend more time working in these shared information spaces, people will need and demand better search, navigation, and collaboration systems.

Itistime for a new view of organizations. The people in a companys ecosystem include employees as well as suppliers, distributors, customers, consumers, shareholders, local community, competitors, and others. These people compromise the various nodes that make up the new social business ecosystem.

The traditional pyramid-shaped organizational chart should not be flattened it should be deconstructed to resemble an interconnected network instead.

Once properly mapped, an ecosystemsbreadth and depth can be monitored, as well as the strength of ties therein. By staying vigilant about ecosystem health, a social business can take action based on strategic goals.

Several factors can be measured here to make an ecosystem more effective. Visually mapping an ecosystem gives us insight into its size, shape, density, types, and numbers of connections, types of roles, and patterns of reciprocal communication. Other analytics can pertain to email and intranet volume, social media activity, and manufacturing connectivity. Precision is critical; its not about getting everyone connected, its about getting the right groups connected in the right way.

A primary social calibration

As social tools and functionality are adopted more widely, it becomes less important for businesses to use traditional methods to force collaboration in the workplace, e.g. panoptic cubicle arrangements. Employees are entering the workforce socially engaged and used to collaborating.

The social business hive mind is a new kind of corporate culture whereby all participants move together towards common goals. Physicists refer to this as synchronous lateral excitation.

The social business hive mind makes decisions and receives continuous reinforcement through business interactions; a social inclination resides within a companys culture and tempers planning, decision-making, and work output.

Employees approach works with a social and collaborative mindset; customers expect participation and engagement; suppliers anticipate optimized and efficient process towards common goals.

Hive mindedness can be measured by assessing levels of collective awareness, engagement, and participation. Measurement here focuses on subjective perceptions analytics can include surveys, interviews, text analysis, and so on.

The goal is always to gain insight into constituents attitudes towards the value they get from participating versus the potential for trust issues and conflicts that they perceive. Once perceptions are measured, they can be constantly cultivated and re-measured to move the dial. Recently, scientists have begun to apply an epidemiological lens to many social phenomena, such as happiness, obesity, criminality, health behaviors, and others. Turns out that what we have traditionally seen as others shape individual behaviors.

A new mode of authorship and ownership

In a socially designed business, signals produced from all points are considered potentially relevant. Technology gives consumers the ability to author, own, and transmits signals, validated by search engines for relevance. In response, businesses can benefit from this dynamic information flow produced by constituents. Communication as work, not for work

With Social Business Design, communication becomes an integral part of how work streams relate to one another allowing decisions to be made with fresher information. Businesses progress towards strategic goals, under the assumption that all activities are on a need to know basis and anyone and everyone needs to know, all the time. Developing the perfect Dynamic Signal for an organization is 50% design work and 50% implementation. Designing a Dynamic Signal does not mean just creating a stream of data and events, but defining the user-relevant outcomes and identifying how those can be leveraged.

The perfect dynamic signal will combine existing enterprise data sources and will allow user-created events to be added to the stream. These sources should include outside services as well as internal sources. Few interesting enterprise systems lately, which take different approaches to integrating third parties such as Facebook, Twitter and cloud, based services like Sales force and WebEx.

The strength of a dynamic signal can be measured at transmission points and subsequently analyzed to drive business activity in response. For example, signaling within an ecosystem can be broken down into types and measured for frequency: status updates, email transmissions, or calendar updates can be assessed for signal strength or flow over time. When viewed in tandem with server traffic or signals derived from points in a manufacturing process, a business may be able to recognize obstacles in their current process or optimize this signal flow to achieve a particular business goal.

Collecting diverse data sets

As social businesses filter the tidal wave of information produced, they distill meaning from the qualitative and quantitative data emitted from their various nodes. Existing business intelligence tools help to create fairly orderly operating data sets, working in tandem with applications focused on parsing user-generated content that help make sense of unstructured data sets. APIs make two-way integration with public data sources increasingly seamless.

Social businesses require parallel processing of information so insight can be made actionable, faster. Information needs to be segmented into meaningful and manageable sets. Whats important to one person may be meaningless to another, but they must be able to process parts smaller than the whole.

Making sense of collective action, effective filtering, tagging, and sorting of data and measuring, its impact can produce opportunities for social businesses to capture valuable insight buried deep in data sets.

Here, almost all content types can provide meaningful data: shared documents, knowledge management activity, and user-generated content can provide valuable insight into business processes and topical importance when metadata is deployed, collected, and measured in the right way.

Applying Social Business Design

Social Business Design is a framework for rethinking how business gets done. This framework can be applied to help businesses solve the problems they face today. We focus on companies at the level of their component parts when applying Social Business Design, as each major operating function has its own inherent challenges and opportunities.

To that end, we focus Social Business Design on three key practice areas:

Customer Participation

Social business affords companies an opportunity to engage with customers in ways that traditional one-way communication cannot support.

With the ever-increasing adoption of consumerzed technology, people now carry powerful, networked devices everywhere. This constant connectivity drives the expectation of an always-on, always-available interaction with companies. With countless brands now participating on networks like Twitter and Facebook, consumers have come to expect, if not demand, that companies make themselves available for multi-directional communications.

These changes present enormous opportunity for brands to harness customer participation to drive value in numerous ways. Before this can happen, companies must overcome substantial new challenges. When internal company interactions arent interconnected, this increased customer communication results in disparate threads of dialog, instead of a holistic, meaningful conversation with measurable and actionable results. Further, the sheer

amount of information this customer engagement can create makes it difficult for existing organizations to discern signal from noise. Finally, measuring the impact of social endeavors can be difficult with traditional methods, but businesses demand objective ways to prove results.

Social Business Design provides a framework to help companies create value from customer participation. Applying the archetypes to core issues exposes clear opportunities for value capture. Customers can be virtually integrated into innovation process. New interaction tools allow companies to gain valuable input from customers via the Internet. New virtual interaction tools and virtual product experiences help to overcome these problems and enable customers to transfer their explicit and implicit knowledge to innovation teams. Through social business design and by employing powerful online participation tools, companies are starting to create deeper and more engaging community based relationships, where customers are treated more like partners .

Instead of being targeted by advertising messages, customers are recast as part of a network of participants in addition to corporate marketing, public relations, and customer service staff. Their connections facilitate open, multi-directional communications. The strength of ties between network nodes can be measured to determine ecosystem health.

The propensity of customers to engage with the company and each other can be assessed and cultivated. This leads to success in outreach and advocacy efforts.

Customers are recognized for the content they create and new modes of authorship and ownership come into play. Brands encourage signaling and respond with their own, in addition to initiating contact and anticipating response.

Content generated via participation is harvested and analyzed for relevance, providing feedback to the organization, which can be used to improve the nature and quality of participation going forward

Customers can be virtually integrated into innovation process. New interaction tools allow companies to gain valuable input from customers via the Internet. New virtual interaction tools and virtual product experiences help to overcome these problems and enable customers to transfer their explicit and implicit knowledge to innovation teams.

Workforce Collaboration

Social business renews focus on improving an organization from the inside out. At its core, a workforce needs to collaborate and coordinate efforts to meet business goals.

Employees benefit from evolved technology in the form of robust personal applications, networks, and devices, allowing for constant connection and more synchronous communication. Increased connectivity allows better management and coordination of distributed teams, whether around the country or around the globe. At the enterprise level, cloud computing allows companies to create collaboration platforms that support business activities with more flexibility than standalone legacy applications.

Even the most participation-minded workforce must overcome legacy structures to take advantage of enabling innovations. Organizationally, managers reinforce functional and operational silos to retain control of fiefdoms that align with rapidly dying business models. Technology supports disparate objectives within these silos, resulting in a landscape of point solutions instead of a unified platform when viewed at a company-wide level.

However, these issues are only exacerbated by incentive structures that motivate individuals to maximize nearsighted goals, only loosely connected to greater business objectives.

Social Business Design provides a framework to help companies create value from workforce collaboration.

Applying the archetypes to core issues exposes clear opportunities for value capture.

Ecosystem:

The definition of a companys workforce requires an expanded perspective of its constituent base beyond employees in a business unit or division. Besides breaking down internal silos, corporate networks must incorporate previously external nodes as contributing participants as well. The technology required to support this network must operate as a platform delivering what is necessary and relevant for nodes to perform and progress towards business goals.

The social calibration of the companys workforce needs to be measured and cultivated. Moreover, the business operates with distributed governance, which allows the best ideas to evolve from all corners of the network.

Dynamic Signal:

Communication takes on a new role and happens in social business as work, not just for work. Information like status messages and location updates allow workers to relate to each other and make better decisions more rapidly, with fresh data.

Content generated via collaboration is harvested and analyzed for relevance, providing feedback to the organization, which can be used to improve the nature and quality of collaboration going forward.

Business Partner Optimization

Social business requires rethinking value chain relationships, including connections like

Suppliers, distribution networks, and vendors/delivery partners.

Terabytes of data are available for companies to exchange, analyze, and act upon, driving

new possibilities in business intelligence. New data sources allow greater depth of understanding, whether via mining internal and external communities with specific business intent or combining sociological and psychological principles with technology. Operations have always been managed for efficiency and social business requires no less, albeit accountability at a system level.

For most companies, the business partner landscape unfolds as a tension-filled competitive environment. Different departments often interact with the same customer, prospect, or partner, pursuing disconnected corporate goals. Most strategies boil partnerships down into simple us-versus-them relationships which prevent genuine collaboration and dampen long-term system-improving results. Moreover, in the case of data more doesnt always mean better and the existing people and processes in many businesses struggle to filter and stay

on top of information overload.

Social Business Design provides a framework to help companies create value from business partner optimization. Applying the archetypes to core issues exposes clear opportunities for value capture.

Ecosystem:

Evolving the competitive nature of value chain relationships into a jointly-held system perspective will help optimize outcomes for all involved. Alliances move from defined supplier relationships to a dynamic network of business partners. Value creators are encouraged to innovate within the network to create value.

Hivemind

A social calibration of company and partners leads to higher overall returns. Business partners operate in a state of ready collaboration to respond more quickly to new opportunities and challenges, and with greater resources.

Dynamic Signal:

Data can be exchanged with intent that signals direction (albeit legally), allowing partner

ecosystems to react rapidly to capitalize on opportunity. Signals prepare systems and resources to align and respond quickly to changing market conditions.

Metafilter:

Content generated via partnership is harvested and analyzed for relevance, providing feedback to the organization which can be used to optimize the nature and quality of relationships going forward.

Results

When an enterprise chooses to recast itself with Social Business Design, two types of outcomes will be produced.

By redesigning customer participation, workforce collaboration, and business partner optimization from the perspective of the four core archetypes of Ecosystem, Hive mind, Dynamic Signal, and Metafilter, a company will increase value from its business activities. What this means is that application of Social Business Design concretely influences how people work, the efficiency of process, and effectiveness of technology infrastructure.

Business goals and objectives will be achieved with better outcomes than expected.

The most compelling outcomes are the ones that cannot be immediately predicted, but will appear over time because of the altered system working in dynamic, social calibration. We call these Emergent Outcomes and their potential inherently lies beyond the current scope and focus of the business. Being emergent, these outcomes become apparent only with a shift in business operations. Their existence lies on the border between the knowable and the unknown, requiring companies to forge ahead to reveal emergent opportunity.

As organizations become more adaptive to constituent needs, they create symbiotic relationships, as social business becomes business as usual. Doing away with traditional internal obstacles to growth and becoming more responsive to its ecosystem, a company organized around Social Business Design stands to gain new value previously unseen or anticipated. The future of business lies in intentional creation of dynamic and socially calibrated systems, process, and culture.


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