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Why Bad Things Happen in Firms With Poor Communication During Execution [video]

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The setting was a primary school – kids were running an athletics relay race. One child runs, and passes the baton to the next person. One team was clearly winning, until the baton was handed over to the last kid in the team. Then the lesson began.

Instead of the kid continuing to run to the finish line [by maintaining the direction of the race], he ran the other way. In other words, he practically erased the progress made by the earlier runners. As you watch the video, you will see the coach shouting at the kid to turn around, and run in the appropriate direction.

My Question to us:  Do you think the coach communicated the purpose of that race to the last kid? Possibly, he assumed that he knew – and that he would follow the direction of the race.

Bad things happen in firms because the business objectives are not well communicated to team members, making some to come and erase progress made by others. As a business leader, take time to communicate the objective and what WINNING in markets really means – and do not assume that everyone understands. And the more you communicate, you may not even need to coach during the “business relay race”

Comment on Feed

Comment 1: You cannot make progress in the wrong direction, it does not matter how much effort you put therein. The last kid embodies that saying.

It’s the same way many people here assume that the politicians and those we have in corporate spaces know what to do but simply don’t want to do them, until you you ask them if they have actually sat with these people, had conversations and assess their knowhow and awareness. One thing we do a lot here is to overrate people, assigning them enviable qualities that had never crossed their minds to begin with.

Never assume that the people you are dealing with know enough, they don’t! You will constantly get surprised when you get to work with many of those you rate highly, then all your doubts will be cleared.

Communicate constantly, and always ask if you have been understood, if they say yes, ask them to repeat what you just said or perform the very task, and the truth will surface.

For Productivity, Teach the Process to People As You Provide the Tools [video]

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Three things are required in business, as we translate ideas into products and services, to fix market frictions: people, tools and processes. If you have the people and the tools (the funnel, the water, etc) and you do not have the process right, your mission will be lost.

And that explains why explaining a business objective, and how to get to it is very important. When you do that, you train the people on how to use the tools within the standard processes, and when done effectively, the mission of “filling that bottle” becomes easier!

The Lesson: never think that because you have the people and the tools, that you have a working system. Without a process (the right way to do things), missions fade!

Comment on Feed

Comment1: Ndubuisi Ekekwe thanks, for highlighting the three (3) major components of business organization (The People, Processes and Technology) in this write up and stressing more on the importance of process in particular. Adding Strategy and Structure makes it Five (5) components.

From this video clip,

  1. Employees must be given the right tools for the right job.

  2. Giving the right tools for the right job, doesn’t always translate to increase in productivity.

  3. Employees training on how to effectively use the tools is equally important to achieve productivity.

  4. Training the trainer being him/her a Supervisor, Lead or a Manager is of paramount importance else more inefficiency (Waste) will be the end result even with the best of tools or technologies.

? The above mentioned components are every key to achieving business excellence hence, Organizational leadership must ensure their availability, for them to actualize their business objectives (Survival, Growth or Profitability).

My Response: Yes indeed – the 4th is key as the “supervisor” was also confused.

Comment 2: Watch out with “standard processes”.

They only work if you have thoroughly thought them through and tested them. Always leave room at the bottom, so the people can take ownership and take decisions in situations not foreseen by your “standard processes”.

Any engineer having to deal with the standard processes of their HR department knows what I am talking about.

Standard processes can be powerful, but they can also kill your company.

I’d rather use: Business, Team, Technology as the three pillars.

My Response: If you want to innovate in a firm, the “Standard processes ” are working guides. They do not necessarily say you must do things absolutely as they are written, but they provide guides and youc an improve on them. But if you have none, not giving the worker a basis to begin, you score an own-goal as they say in African football.

Comment 2R:  In theory yes, in practise no. But I totally agree with your view.

In large companies, unfortunately, standard processes are the only hammer. Every problem must be moulded into nail form to fit the standard processes.

Have you ever tried filling in timesheets or expense claims when your company uses SAP?

My Response: I agree that in every large business that standard processes are there and could look non-malleable. But understand that in every large business, they offer a way to  improve standard processes. If you check any SOP (standard operating procedures), there is a section for revision.

So unlike startups which can move fast to change things because they can (they’re small with lesser risk to brand equity), large firms are more nuanced. But agile large firms still have ways to improve SOPs seasonally.

Certainly, I understand your point. It does frustrate but the alternative may be destabilizing.

Comment 3: At first I thought the lady knew the problem…it became even worse

My Response: Things happen and she ends up taking the man backward since the man’s process was even better , even though it was terrible.

Expanded from here

Top Dogs Dogecoin, Shiba Inu, and Pomerdoge on Bullish Trend, How Soon Until They Hit $1?

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Meta Title: Top Dog-themed Meme Coins on Bullish Trend: Dogecoin (DOGE), Shiba Inu (SHIB), and Pomerdoge (POMD) – Can They Reach $1?”

Meta Description: The top dogs in the meme coin market – Dogecoin (DOGE), Shiba Inu (SHIB), and Pomerdoge (POMD) are on a bullish trend. How soon can their prices hit the $1 mark?

Dog-themed meme coins like Shiba Inu (SHIB), Dogecoin (DOGE), and Pomerdoge (POMD) are among the most popular cryptos today. Unlike most of the crypto market, these dog-themed meme coins are now in bullish territory. So, what are the chances that Shiba Inu, Dogecoin, and Pomerdoge will hit $1?

Click Here To Find Out More About The Pomerdoge (POMD) Presale

Can Dogecoin (DOGE) Sustain a Rally To $1?

Dogecoin (DOGE) is the first meme coin and has enjoyed massive success as a result. Recently, the price of Dogecoin spiked by 10% after its link with X, formerly Twitter. As part of the rebrand, Elon Musk incorporated the Dogecoin symbol into the new log of X.

The price of Dogecoin rallied to as high as $0.085 as a result. However, Dogecoin currently trades at $0.07667, losing the $0.080 support level. Of all the doge-themed meme coins, the price of Dogecoin (DOGE) is the closest to $1.

However, for a rally of 1,200% to take the price of Dogecoin to $1, the meme coin would need to add utility. With no utility in sight for the original meme coin, Dogecoin would rely on the broader crypto market to rally. Many crypto analysts believe this could happen before 2030.

Shiba Inu (SHIB) Prepares for Shibarium Mainnet Launch

The biggest competitor of Dogecoin, Shiba Inu (SHIB) is preparing for a massive event. In August, Shiba Inu will launch Shibarium – a layer 2 network built on Ethereum. The launch of Shibarium will reduce transaction costs and increase the performance of the Shiba ecosystem.

This means that a rally is on the horizon for Shiba Inu. However, Shiba Inu now trades at $0.000007796 and would need to rally by more than 12,800,000% to hit the $1 milestone. This means a spike to $1 in 2023 is highly unlikely for Shiba Inu.

A major factor that affects the price of Shiba Inu is its token distribution, with more than 589 trillion SHIB tokens currently in circulation. Analysts have predicted that its price could get to $1 only if the number of SHIB tokens reduces by 90-95%.

Pomerdoge (POMD) To $1 in 2023?

The new project, Pomerdoge (POMD) has captured the interest of investors because it holds several advantages over other meme coins. First, Pomerdoge has utility. The project is building an extensive P2E ecosystem consisting of the Pomergame, the Pomerplace (an NFT marketplace), and NFT collections.

In addition, the tokenomics of Pomerdoge supports scarcity which would lead to a price rise. Unlike Shiba Inu with over 589 trillion tokens, there are only 1.7 billion Pomerdoge (POMD) tokens. Experts believe the limited supply of POMD will help its price perform better than SHIB and DOGE.

The projections for Pomerdoge have seen its presale sell out faster than was initially predicted. Set to launch in September, Pomerdoge could be the first meme coin to reach the $1 milestone. Now in the first stage of its token presale, you can buy POMD tokens at $0.007.

Find out more about the Pomerdoge (POMD) Presale Today

Website: https://pomerdoge.com/

Telegram Community: https://t.me/pomerdoge

 

What Is Hamsters Coin? Building New Niche In Betting Along With Chancer While Uncovering Signuptoken.com’s Presale

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What is Hamsters Coin (HAMS)? After all, it has been rising along with Chancer (CHANCER) tokens in the world of online betting. This rise can be attributed to their innovative use of blockchain technology, which brings transparency, security, and decentralised features to the betting industry.

Let’s explore how these coins are building a new niche in online betting and the reasons behind their skyrocketing interest. We will also discuss Signuptoken (SIGN) as a new presale coin with unlimited potential and a unique narrative that could lead to a price explosion similar to HAMS and Chancer.

Hamsters Coin: Betting On The Wheel Of Fortune

Hamsters Coin, represented by HAMS, has taken a distinctive approach to betting, offering viewers the opportunity to wager on live-streamed hamster races. These adorable rodents compete on a track, while users bet with Binance USD (BUSD/USD), making it a novel and thrilling experience. The innovative utilisation of blockchain technology ensures transparency and fairness in the betting process.

A remarkable feature is that 4% of all bets placed on the platform are distributed to HAMS token holders, which has significantly contributed to its skyrocketing interest. Notably, the HAMS token experienced a peak value of $3.32 on July 21, making it a compelling investment option for enthusiasts seeking high growth.

Chancer Token: Decentralizing Sports Betting

Chancer Token has disrupted the sports betting and prediction market through the power of blockchain technology. This groundbreaking platform enables users to create and bet on their markets, bringing a new level of decentralisation to the sector.

Chancer’s successful token sale, raising nearly $400k quickly, exemplifies investors’ interest and confidence in its potential. With the sports betting industry valued at billions, Chancer’s entry comes at a strategic moment, particularly with the growing popularity of online wagering, and the widespread legalisation of betting in the United States.

Signuptoken.com: A Unique Narrative With Unlimited Potential

Introducing Signuptoken.com (SIGN), an alluring opportunity for crypto enthusiasts in search of market-beating yields. Unlike conventional presales, Signuptoken.com adopts a refreshing approach as it relies on a referral system that is fueled with only an email. By inviting friends to the platform, users can effortlessly earn tokens, effectively eliminating any initial investment risk.

The foundation of Signuptoken.com lies on ERC-20 technology, securely built upon the Ethereum blockchain, ensuring stability and offering limitless growth potential for investors. With a thriving community of about 7,000 signups, the project has garnered significant momentum in the market.

The presale phase is seeing immense interest from buyers, propelling the token’s value. Early investors, who acquire tokens at the presale price of $0.030702, will enjoy the potential for a remarkable ROI of approximately 2245.12% – based on the launch price of $0.72 USDT. This makes it an appealing prospect for those seeking low-risk yet high-reward investments.

Cybersecurity remains a top priority for Signuptoken.com. The platform employs double encryption techniques, ensuring that users can perform transactions with anonymity and peace of mind.

Moreover, Signuptoken.com offers a profitable opportunity to join the exclusive Millionaire Club merely by signing up with an email address. This enticing proposition has captured the attention of many, further bolstering the project’s prospects for creating a legion of millionaires.

The Final Bite

As we learn what Hamsters Coin is, we discover that its ascent, along with that of Chancer Token, has demonstrated the great potential of blockchain technology in the field of online betting. As the demand for innovative projects surges among crypto enthusiasts, Signuptoken.com presents itself as a promising presale opportunity. With its unique narrative and potential for significant growth, it offers a compelling alternative for those seeking market-beating yields. Don’t miss out on this chance to be a part of something big. Join the Signuptoken.com presale now and witness the evolution of the crypto betting landscape.

 

Signuptoken.com:

Website: https://www.signuptoken.com

Twitter: https://twitter.com/_SignUpToken_

Telegram: https://t.me/SignUpToken

Signuptoken.com, XRP, Polygon: The Trifecta of Top Altcoins With Utility

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Crypto investors are constantly on the lookout for the top altcoins that offer more than just speculative value. Tokens with real utility and practical applications are gaining traction among crypto enthusiasts, traders, and potential investors, especially during the altcoin season. In this comparative article, we’ll examine three notable players in the cryptocurrency market – Polygon (MATIC), XRP (XRP), and Signuptoken.com (SIGN) – and delve into the unique advantages offered by Signuptoken.com to its token holders.

Polygon: The Multifaceted Gem

Polygon, formerly known as Matic Network, has quickly become one of the top altcoins due to its impressive versatility. The utility of Polygon extends beyond its role as a scaling solution. Developers can easily deploy smart contracts on the Polygon network, benefiting from its high throughput and low transaction fees. This has fostered the growth of an extensive ecosystem of dApps covering various industries, from finance and gaming to supply chain management. As the adoption of blockchain technology continues to expand, Polygon’s utility and practicality are sure to attract more attention from both seasoned investors and newcomers, especially during the altcoin season.

XRP: Ripple’s Swift Solution

XRP, created by Ripple Labs, stands out as a cryptocurrency tailored for the financial industry. What sets XRP apart is its commitment to compliance and regulatory guidelines, which have made it an attractive option for institutional adoption. Its use case goes beyond speculation, making it a practical choice for those seeking stability and utility during the altcoin season. Additionally, XRP’s consensus algorithm, the XRP Ledger, is distinct from the Proof-of-Work (PoW) system used by many other cryptocurrencies. This allows for faster transaction validation and increased scalability. As blockchain technology continues to reshape the financial landscape, XRP’s focus on utility positions it as a potential game-changer in the industry.

What Is Signuptoken.com: The Enigma Behind The Millionaire Club

Signuptoken.com is one of the top altcoins that empowers the community. Unlike traditional cryptocurrencies, Signuptoken.com places a strong emphasis on community engagement and user referrals, making it a unique and refreshing addition to the market. The utility of Signuptoken.com lies in its innovative approach to growing its user base. By encouraging users to refer friends and family, the presale fosters a tight-knit and authentic community. This not only strengthens the project’s foundation but also rewards users with exciting perks and early access to information about the token launch.

The team behind Signuptoken.com ensures that all subscribers are genuine, safeguarding the community’s integrity. This level of commitment sets Signuptoken.com apart, as it strives to be more than just a speculative asset. Additionally, Signuptoken.com boasts an impressive ROI potential, projecting a staggering 72x return on investment from its launch on Uniswap. The combination of a solid community foundation, genuine users, and potential for high returns makes Signuptoken.com an enticing option for investors looking to diversify their crypto portfolio.

Be A Part Of Something Big…

As the cryptocurrency market continues to grow, the demand for the top altcoins with real utility becomes more pronounced. Polygon’s versatility, XRP’s focus on financial solutions, and Signuptoken.com’s unique approach to community building all contribute to their appeal in the crypto space.

For investors seeking top altcoins with practical applications and long-term potential, Signuptoken.com stands out as a presale worth considering. Its commitment to building a genuine and thriving community, combined with the potential for impressive ROI, makes it an attractive investment opportunity. Join Signuptoken.com’s millionaire club now! Visit their official website and social media to embark on this thrilling journey into the world of cryptocurrencies.

 

For More On Signuptoken.com:

Website: https://www.signuptoken.com

Twitter: https://twitter.com/_SignUpToken_

Telegram: https://t.me/SignUpToken