Category Archives: Business Management

Business Leaders Keep Your Head in the Game to Save Time and Money

12 Healthy Habits of Business Leadership by author Anna CampbellAs a business leader, our time and money is very precious. The better we handle our time and money, the more successful our business and our life will be.

In my book, 12 Healthy Habits of Business Leadership, we break this topic down into easy to understand and formulate processes in chapter 1.  I share important information about how you invest in your business and why you invest in your business.

Staying focused will help you maintain a systematic rhythm during your work hours and your life.

“If you wait for perfect conditions, you’ll never get anything done.” Author Unknown

Business Leaders focus on true business and personal success with 12 Healthy Habits of Business Leadership by Anna Campbell

12 Healthy Habits of Business Leadership by author Anna Campbell12 Healthy Habits of Business Leadership is filled with A-HA moments, joyful stumblings, and triumphant acceptance of our humanity and true passion in life.  I always assumed that business success would mean wearing business suits, speaking in front of large audiences, receiving awards, and being acknowledged for my business savviness from every large business organization in the world.

Remembering that at our basic level we are drawn to being needed, productive, and useful. This has allowed me to stay focused on my true business success and personal happiness.

I hope that by reading 12 Healthy Habits of Business Leadership you will be able to make your own business and life choices that will help bring you, your version of success and happiness. Take comfort in knowing that just by giving yourself knowledge and understanding, you are already on your way!

Business & Economics – Leadership

You can preview this book for free here: https://www.createspace.com/Preview/1168044

 

Purchase 12 Healthy Habits of Business Leadership:

My Monthly Business Journal at AmazonMy Monthly Business Journal Kindle at Amazon My Monthly Business Journal at Barnes & Noble

What is R&D and How can Research and Development help us in our Business

Business R and D signpost What is R&D?

  1. DEFINITION of ‘Research And Development – R&D‘ Investigative activities that a business chooses to conduct with the intention of making a discovery that can either lead to the development of new products or procedures, or to improvement of existing products or procedures.

How might businesses use the R&D data collected?

Business R&D data from the BRDIS survey will be aggregated and provided by major industry, by line of business or business segment, by state (for U.S. R&D), and by country (worldwide R&D expenses). Businesses will be able to use the data in a variety of ways, for example:

  • To compare their R&D expenses to industry or to business segment averages.
  • To see where R&D is being done in the United States and to compare the amounts of R&D done domestically and worldwide.
  • To assess the education attainment of R&D employees, and to compare the ratio of male to female employees.
  • To see the types of organizations that provide funding to business R&D.

http://nsf.gov/statistics/srvyindustry/about/brdis/how.cfm

Where is most Business R&D in the United States?

Raymond Wolfe and Brandon Shackelford share information in their report, 2011 Data Show U.S. Business R&D Highly Concentrated by State and Metropolitan Location that “Nearly half of the research and development paid for and performed by companies in the 50 United States and the District of Columbia in 2011 was performed in five states: California, Washington, Texas, Massachusetts, and Michigan. Companies performed $239 billion of R&D paid for by their own company expenses in the United States in 2011, of which $233 billion was distributed across the 50 states and the District of Columbia. These findings are from the National Science Foundation’s 2011 Business R&D and Innovation Survey (BRDIS).

BRDIS estimates of business R&D that is not paid for by the performing company itself but by others—such as customers, partners, or grant-giving organizations—show that this R&D is also geographically concentrated, though these estimates are less precise than those for self-funded business R&D.

The sample for BRDIS was selected to represent all for-profit companies with five or more domestic employees, publicly or privately held, with an emphasis on those that perform or fund R&D. The survey also captured information on companies whether or not they perform or fund R&D. For 2011, a total of 43,108 companies were sampled for BRDIS, representing 1,964,757 companies in the population. Statistics from the survey are subject to both sampling and nonsampling errors.”

http://nsf.gov/statistics/infbrief/nsf14315/

After reading through this report, I became curious about the changes that have been happening in our country over the past 4 years since this report was published. I have been noticing a switch for many open-minded companies concerning their location, business hours, and employee expectations.

One such company I have been reading about is Aetna.

According to Jon R. Katzenbach, Ilona Steffen, and Caroline Kronley, “In late 2000, John W. Rowe, MD, became Aetna’s fourth CEO in five years. Employees skeptically prepared for yet another exhausting effort to transform the company into an efficient growth engine. This time, however, they were in for a surprise. Rowe didn’t walk in with a new strategy and try to force a cultural shift to achieve it. Instead, right from the start, he, along with Ron Williams (who joined Aetna in 2001 and became its president in 2002), took time to visit the troops, understand their perspective, and involve them in the planning.

… this time, without ever describing their efforts as “cultural change,” top management began with a few interventions. These interventions led to small but significant behavioral changes that, in turn, revitalized Aetna’s culture while preserving and championing its strengths.

Indeed, during the next few years it became clear, from surveys, conversations, and observation, that a majority of Aetna’s employees felt reinvigorated, enthusiastic, and genuinely proud of the company. And Aetna’s financial performance reflected that. By the mid-2000s, the company was earning close to $5 million a day. Its operating income recovered from a $300 million loss to a $1.7 billion gain. From May 2001 to January 2006, its stock price rose steadily, from $5.84 (split adjusted) to $48.40 a share.”

https://hbr.org/2012/07/cultural-change-that-sticks

This encourages me to believe that by using wisdom, ope-minded strategies, and including the people directly involved we can create better business for ourselves and those we employ.

It is crucial for every business owner to have time off

Business Owners Take Time Off To RenewEvery business starts with a brilliant idea! Then we have to stop and actually create a plan, and answer questions, and think through our decisions about how much money we are spending, or why something didn’t work, or how to reach our target market?

Understanding that taking your time to plan properly and carefully is not the enemy, but truly your first source of serenity.

Breathing and taking a moment away from the hustle and bustle of your business is your best source of calm. This calm will actually enable you to think more clearly and even allow fresh ideas to surface. That problem that has been nagging at you, may actually be solved… just by taking a moment to stop and be still.

It is crucial for every business owner to have time off. Time to remember “why” you are running this business and “why” it may be just as important to you today, as it was the day you started.

We all dream of reaching for the stars, accomplishing great feats and conquering that idea of impossibility! Today is your day to reach your stars, because in fact, you already have!

Everyday you allow yourself the freedom to explore, discover, and grow… you are reaching one new star after another!

Just my 2 cents,

Anna Campbell

%d bloggers like this: