Issue 4
Investing in Sustainable Supply Chains
“Organizations that get it understand that you can reduce your cost by reducing your environmental footprint.”-Roger Eacock[1]
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Book Review: I Will Teach You to Be Rich by Ramit Sethi
“I will teach you to be rich.” Those seven words would intrigue anyone. Some people may be skeptical of this statement, but that skepticism would likely preclude their learning how to better manage their personal finances. Ramit Sethi, author of the book with this title and the “New Finance Guru” as proclaimed by FORTUNE, does not give secret stock tips or advice on which career will manifest the most earnings. In fact, readers will find that most of what he discusses makes simple sense and that they may already be following some of his financial recommendations. This simplicity is exactly what a lot of people need.
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Improving Intrinsic Motivation in the Workplace
Interested in motivation, Rochester experimental psychologists Edward Deci and Richard Ryan conducted a study using a Soma puzzle cube. College students participating in the study were divided into two groups and placed into a room with the Soma cube and magazines. Each group was instructed to solve the Soma cube, but only one group of students were told they would be paid for correctly solving the cube.
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Podcast Review: Mary Lake, Growth and Getting out of Your Comfort Zone
Every episode of Measuring Success Right answers the thematic question “How do you measure success?” but no answer has been so applicable to the times as Mary Lake’s. In this episode, former BYU volleyball player and Marriott School of Business graduate Mary Lake explains the key to perpetual success. Her advice is highly relevant to today, especially with the current COVID-19 pandemic that’s caused the entire world to take a couple L’s.
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Buzzwords
1 INTRINSIC MOTIVATIONWhen someone is “intrinsically motivated,” it means they are encouraged and even willing to fulfill a certain activity due to finding interest in the activity itself. Comparatively, being “extrinsically motivated” means there’s no enjoyment tied to the activity and thus needs to be found elsewhere.1
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¿Empleado Estrella, Emprendedor o Ambos?
¿Alguna vez alguien te ha preguntado, qué quieres ser cuando seas grande? Esta es una de las preguntas más comunes en la humanidad. Por un lado, muchas personas no tienen idea de lo que quieren hacer; sin embargo, tienen muy claro lo que quieren estudiar y se esfuerzan por algún día lograr obtener el empleo que siempre soñaron. Por el otro lado, hay personas que no saben lo que quieren estudiar, pero están cien por ciento seguras de una idea con la que piensan emprender. En este contexto, ¿es mejor enfocarse en conseguir el trabajo que siempre quisiste o enfocarse en encontrar una idea innovadora y ser un emprendedor?
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Diversity in the Workplace. Why Care?
A recent study conducted by the Boston Consulting group reported 19% higher revenues among companies focused on diversity than similar companies who do not focus on diversity.[1] However, companies often fail to see the potential in diverse employees and take advantage of the great success these employees can contribute. As a result, company leaders do not recognize the opposition these employees face in the workplace, or they believe that acknowledging these employees’ differences will worsen the situation.
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Maximizing Situational Intelligence
“The worst student we had, the worst I have ever encountered, was in his life outside the classroom as mature, intelligent, and interesting a person as anyone at the school. What went wrong? . . . Somewhere along the line, his intelligence became disconnected from his schooling.”1
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Financial Literacy
“You would be surprised with how many people think credit cards are free money,” said First Colony loan officer Dan Ross. Unfortunately, this was something that Seth, a recent high school graduate, believed. One day Seth received a letter in the mail from a bank offering him a $2000 credit card. Poor, financially illiterate Seth believed the offer was free money, so he accepted the offer and spent all $2000. Soon he began to receive strange letters in the mail every month saying he owed the bank money, but he believed these bank statements were a scam. It was not until a few years later when Seth decided to buy a car that he realized he was several thousands of dollars in debt from his supposed “free money.”
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Quantum Computing in Business
The modern smartphone has more computing power than was used to send Apollo 11 to the moon in 1969. While this is an impressive feat signifying how far we’ve come with technology, some people in the business world have been asking themselves, what other advances have been made in computing that will revolutionize the world?
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