Steering Point Articles
Why You Should Delegate – And How To Do It Effectively
“Delegation is something every business practices but not all do well. Just handing an employee some of the work does not count as delegation in any meaningful sense. Successful delegation involves genuinely trusting the employee and granting them autonomy. That can be a scary prospect for a leader used to having a controlling stake in all output. But there are ways to ensure that even without constant supervision, your team is working in a manner you approve.”
Charlie Munger’s Mind Games: How Psychology Drives Business Success
“In the world of investing, Charlie Munger is a legendary figure, celebrated for his sage-like wisdom and insightful aphorisms. As Warren Buffet’s right-hand man, his approach is a testament to the power of effective decision-making and wisdom, which he famously accredits to his ‘multi-disciplinary’ approach—a rich mosaic of insights from various academic disciplines, including applied, organisational, and social psychology.”
New York City’s Bold Step on AI in Hiring – Will Other Countries Follow?
“The impact of AI in hiring and promotion goes far beyond automating menial tasks. By leveraging AI’s ability to analyse vast amounts of data, we can make better, more informed decisions in these areas. However, this also raises the risk of perpetuating biases and discrimination.”
Collaboration: The Common Thread in Art, Science, and Business Success
“If you’ve ever viewed collaboration as elusive, difficult to implement, or limited to a select few, it’s time to rethink that perspective. Drawing on insights from scholars like Robert Axelrod, we’re making the case that collaboration isn’t just an inherited trait like ‘DNA.’ It’s also influenced by factors such as leadership and vision, which can be actively nurtured to become a potent force for collective action within any organisation.”
The Importance of Trust
“Research published by Harvard Business Review found that workers at companies where trust is high report 106% greater energy in the office, 74% lower stress levels, 76% greater engagement, and 50% more productivity than their peers at low-trust businesses. Meanwhile PwC reports that 91% of business executives say their ability to build and maintain trust improves the bottom line (including 50% who strongly agree), 58% of consumers say they have recommended a company they trust to friends and family, and 64% of employees say they recommended a company as a place to work because they trusted it.”
Skills-Based Hiring: Transforming Ireland’s Employment Landscape
“As the labour market evolves, organisations have been reconsidering the importance and relevance of degree qualifications in their hiring practices. A trend known as “degree inflation,” which saw an increase in job descriptions requiring degrees even when the roles hadn’t changed, was particularly evident in the early 2000s. However, the trend experienced a reset in the aftermath of the 2008-2009 Great Recession, reducing degree requirements across numerous roles.”
The Evolution of Great CEO Leadership
“The role of a CEO, once defined by strategy charts and bottom lines, is undergoing a sea change. With constant technological advances, changing business complexities, and societal expectations, CEOs are required to expand their expertise beyond traditional business acumen. Today, a truly great CEO needs to master the art of social skills, demonstrating a keen ability to interact, coordinate, and communicate across multiple dimensions.”
Building Optimal Performance
“In order to thrive, workplaces need to build cohesive teams that are intrinsically motivated. In this insight piece we address ways of approaching, obtaining, optimising and sustaining performance.
Every working environment is made up of four core layers:
Organisation – Leadership – Team – Personal”
The Importance of Inquiry: An Introduction to the Socratic Method
“Throughout history, our innate curiosity has been the heartbeat of progress, driving us from basic questions about nature, like “Why does it rain?” to profound existential inquiries, such as “Do we have free will?”. In today’s fast-paced world, the art of asking questions feels somewhat overshadowed by the avalanche of information available. Yet, recognising what we don’t know often serves as the true essence of wisdom.”
Is Working From Home Still the Future?
“Three years on from the pandemic that made WFH models ubiquitous, the practice’s status is oddly divisive. CEOs malign it. Workers love it. Like most statements around WFH, that analysis is over simplistic. So what’s the actual truth: is WFH good, bad or somewhere in between?”
The Courage to be Disliked
“When interacting with someone you deem above you on the hierarchical scale, you will automatically adjust your goalposts to be in line with their perceptions rather than defining success or failure on your own terms. As long as you are playing in their lane, you will always fall short. “When one is trying to be oneself, competition will inevitably get in the way.”
Unpacking the Meaning of Work
“Navigating the journey of life requires continual adjustments to our perceptions of success and meaning. While our careers and professional achievements are significant, true fulfilment goes beyond these confines. It’s woven into our human experiences, the bonds we nurture, the challenges we face, and the joys we hold dear.”