Category: General
NIS2: What Companies Need to Know
“The EU’s Network and Information Systems Directive (NIS2) is scheduled to come into effect across member states on October 18th, 2024. Businesses that fail to put the right measures in place by that date are at risk of facing serious regulatory problems, including the potential suspension of C-suite executives and fines of up to €10 million.”
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.”
Atoms & Attitudes: The Two Faces of Science
“While the differences between the natural and social sciences are clear, it’s essential to understand that they are two sides of the same coin. The natural sciences provide us with a broad understanding of our world, explaining the ‘how’ behind phenomena. In contrast, the social sciences provide context, delving into the ‘why’ behind human actions and interactions.”
Are Humanities Subjects – And Humanities Students – Doomed?
“In direct contrast to the many arguments that humanities are a one-way ticket to poverty, studies have shown that, due to their superior soft-skills, including diplomacy and people-management, humanities graduates often go on to find themselves in positions of leadership. 15% of all humanities graduates in the US go on to management positions (more than go into any other role)”
The Importance of Ethics
“Ethisphere, an organisation that tracks the ethical conduct of the world’s largest companies, found that the businesses that qualified for its 2022 list of most ethical companies outperformed an index of similar large cap companies by 24.6 percent overall. The Institute of Business Ethics similarly found that companies with high ethical standards are 10.7% more profitable than those without. ”
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.”
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”
