Steering Point Articles
Dealing with Imposter Syndrome
“The concept of “imposter syndrome”… is described as the feeling of “phoniness in people who believe that they are not intelligent, capable or creative despite evidence of high achievement.” They say these people “are highly motivated to achieve,” but also “live in fear of being ‘found out’ or exposed as frauds.”
Employee Retention: the Hows and Whys
“Managers need help with three things. First, in helping shift the focus of career conversation from promotion to progression, including allowing employees to develop in different directions. Two, in creating a culture and structure that supports career experiments. Three, in shifting the focus from retaining employees in their specific team, to retaining employees in their entire organisation.”
How to Argue and Why we Should
“Though with the advent of social media and an increased sense of polarisation and venom to debates, it’s possible we’re losing our ability to argue, to consider all other viewpoints, to assess the shortcomings of our own beliefs. Arguing well takes empathy, patience and practice. We could all do with a better understanding of how to do it properly.”
What is the “Fresh Start Effect” and how can we use it to our Advantage?
“We compartmentalise time according to personal experiences, and each new personal experience in turn opens up a new mental accounting period. Studies show that it is at the start of these newly formed mental accounting periods that we are most likely to pursue our aspirations – and most likely to have success doing so.”
The Role of Financial Services in Combating the Climate Crisis
“Financial exposure to catastrophic climate events, potential overvaluation of companies in fossil fuel and resource-scarce industries, increased regulation to enforce Sustainable Development Goals, rising shareholder activism, and the rapid increase in consumer scrutiny on corporate behaviour are just some of the issues around which financial institutions need to be wary.”
Outgrowing Validation
“A man can be happy he got a good haircut, but if he makes his hair his defining characteristic then all it takes is nature’s vengeance in the form of male pattern baldness for him to come undone. Enjoy the haircut while you have it. But accept one day that it will go, and that that’s fine too.”
AI: The Changing Face of Project Management
“Key skills of project management such as scheduling, budgeting and monitoring of progress are more easily adopted by technology than positions that rely on creative thinking or interpersonal skills. As such, project managers will have to adapt.”
Chameleons, Leadership and Change
“Change can be a complicated process involving deeply rooted behaviours, internal politics, impending risks and numerous benefits. To navigate change effectively, it is critical that leadership teams are given training, regular individual performance feedback sessions and support.”
Financial Education: What do Employers Owe their Employees?
“Employers have an obligation to ensure their staff are financially literate. That means teaching them about key areas in which they can make improvements, such as budget and savings planning, financial goals, property advice, retirement projections, investment education and debt management – and tailoring that advice according to each individual’s circumstances. ”
Effectively Implementing Goals
“Every year, all over the world, people set themselves goals they have no chance of achieving. It’s a double negative – not only are they not fulfilling the goal, but they’re left feeling like failures because they fell short. To make effective goals, one must first self-evaluate and decide what you really want. You have to know where you’re going before figuring out how to get there.”
Beyond the Spotlight: Unravelling the Hidden Truths of Survivorship Bias
“Survivorship bias is a subtle yet pervasive cognitive oversight that significantly impacts our understanding of success and failure. Often going unnoticed, it affects various areas, from entrepreneurial ventures and the entertainment industry to our everyday decisions and scientific research methodologies.”
Resetting for 2024
“It’s interesting to note that one of the most debated chapters in executive education classes around the world is the concept of “what got you here, won’t get you there”. This simple but powerful idea suggests that while building the first curve of success, it’s important to start thinking about the second curve.”
