First happy, then successful?

Great TED talk about happiness from Shawn Achor.

He posits that only 25% of job successes are predicted by IQ. We tend to think if we work harder we will be more successful. If we are more successful we will be happier.

Achor argues that every time you have a success you change your goalposts. If happiness is on the opposite side of success your brain never gets there. Our brain he continues, works in the opposite order. Be positive in the present and you perform better with more creativity, energy and productivity.

Good managers understand this and take the time to step back and recognize a team’s success, instill an environment of positivity and add meaning and context to these achievements.

Big Data is Already Here

A recent article in an issue of Financial Management from the Chartered Institute of Management Accountants struck a chord as it looked to answer the question about how we value data. Look at any CFO survey and this topic is at the forefront of today’s financial leaders.

Recently Unilever CFO Jean Marc Huet mentioned in an interview his company’s aspiration to be able to model profitability right down to a customer/consumer level incorporating different data from a plethora of sources, including social media. Think about that for a minute. A global multinational company with thousands of products, customers, routes to market where understanding customer profitability would be a challenge in itself! Throw in a hundred million consumers and thousands of social media sources and you’re quickly looking at a mountain of data to mine.

With CIMA quoting year-on-year increases of data within organisations as high as 59%, business will need to have a strategic vision as to how they plan to tackle big data, what business analytics tools they will invest in and how they use insights gleaned to drive decision making and competitive advantage.