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Be Empactful
Shivakumar Valadi & Vineet Nandan Gupta
34 episodes
4 days ago
Creating Impacts with Empathy, a podcast where we discuss how small shifts in mindset and business models, help build strong brands that known and well-rooted in the community.
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All content for Be Empactful is the property of Shivakumar Valadi & Vineet Nandan Gupta and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Creating Impacts with Empathy, a podcast where we discuss how small shifts in mindset and business models, help build strong brands that known and well-rooted in the community.
Show more...
Marketing
Business
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S3-E5. Leveraging the Bias - Leadership & Team Dynamics
Be Empactful
29 minutes 33 seconds
3 years ago
S3-E5. Leveraging the Bias - Leadership & Team Dynamics

Does anybody have anything to contribute? This is the worst ever statement to be made.

Rather look at actively engaging with the quietest people in the team.

Welcome to Season 3 of Be Empactful Podcast, In this episode, we have Mr. Vivek, Co-Founder, Impactree Data Tech.

A heuristic is a mental shortcut that allows people to solve problems & make judgments quickly & efficiently. These rule-of-thumb strategies shorten decision-making time and allow people to function without constantly stopping to think about their next course of action.

Whether it is good or bad, that's very subjective. Since our minds operate in a similar way and the best way to make the most of it is to figure out a way where it's a win-win situation for everyone.

In common terms, we call it Bias. Something which we have a preconceived notion.

There are two sets of Biases that operate among individuals while they are working professionally in a team or interacting socially.

The First one is Confirmation Bias - where we have the tendency to confirm, recall or interpret the information which we believe in.

And, the second one is Group Think Bias - where we tend to agree with whatever is the general consensus as we have the fear of being the odd one out in the team.

Biases are not going to get over soon.

So, How do we get over it? By building in the systems & processes with checks & balances in place to be followed in letter and spirit.

Understand the fact that the internal team of an organization is it a startup, growth-stage company, or an established enterprise has different dynamics as every individual has varied skillsets and they work at a different frequency... Obviously, there is a discussion about Skills vs Potential...

Every individual adds a different dynamic to the operating team...

There are three checkpoints while building the team:

i) When they are recruited during the interview process?
ii) Daily working with the team & Meetings?
iii) Evaluating process to measure the periodic performance.

It starts with the culture & whether the individual will fit the culture or not.

Unless you don't understand "How the team operates?" You won't be successful.

As the basic ingredients needed to become a high-functioning team. It is not only Skill Sets, Attitudes, whatever.

But Also, Expectations are to be set in stone & customized per person to person in the team with milestones & objectives to be rigorously reviewed.

It's a fact that an individual joins the company as an Individual Contributor & then is promoted and expected to lead teams.

Everyone is on a learning curve and it takes time to build & develop Trust. So build in checks & balances to validate this Trust.

A mentor becomes critical in this scenario as there is someone with whom this can be brainstormed & debated to put everything in order to figure out a way where the team is extremely agile and delivering on the objectives.

Here are the key takeaways:
-Understand the Bias, Leverage them & figure out a way to overcome them.
-Get a mentor on this path, internal or external doesn't matter. They clear your thoughts & help in arriving at a couple of options.
-A highly functional team improves the company's brand image to the outside.
-At the end of the day it is human beings coming together for a purpose, why not make it mission-driven.

For our listeners who wish to connect with Vivek, check out: www.impactree.in

Also, what do you think leadership & team dynamics are all about.

Be Empactful
Creating Impacts with Empathy, a podcast where we discuss how small shifts in mindset and business models, help build strong brands that known and well-rooted in the community.