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In today’s economy the financial sector is under ever increasing pressure from all angles. Consumers are insisting on better value; competition continues to rise as international and fresher, more digitally focused challengers enter the market; and the financial regulator is scrutinising everything you do. The net result is that financial services organisations are under increasing […]
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Making the Most of Cognitive Diversity When teams fall short of their potential, it’s often because leaders don’t know how to spot and manage the differences in how people approach their work—and as a result, some of the best ideas go unheard or unrealized. To help organizations claim this lost value, Deloitte’s Suzanne M. Johnson Vickberg and Kim Christfort provide a framework for identifying and managing four primary working styles. Pioneers value possibilities, and they spark energy and imagination on their teams. Guardians value stability, and they bring order and rigor. Drivers value challenge and generate momentum. And Integrators value connection and draw teams together. Every person is a composite of these four styles, though most people’s behavior and thinking are closely aligned with one or two. The four styles give leaders and their teams a common language for discussing similarities and differences in how people experience things and prefer to work. Once managers have identified the work styles of their team members and considered how the differences among them are beneficial or problematic, they must take steps to ensure that they’re not left with all frustration and no upside. To get the most from the styles on their teams, leaders should (1) pull opposite types closer together to generate productive friction, (2) give more visibility and voice to people with nondominant perspectives, and (3) take extra care to get input from sensitive introverts, who risk being drowned out but have valuable contributions to make. Five Executives Weigh In Senior leaders at Marriott, American Express, Southwest, National Grid, and Kellogg share their experiences in applying Deloitte’s framework in their teams and organizations. A Biological Approach Helen Fisher, the biological anthropologist whose research informed Deloitte’s work on team chemistry, derives her personality assessment from brain science. In searching for an answer to what makes an individual fall in love with one person and not another, she found that four biological systems—dopamine/norepinephrine, serotonin, testosterone, and estrogen/oxytocin—are each linked to a particular suite of personality traits. Fisher explains the science behind her work, talks about how to identify and adjust productively to others’ personality styles, and considers whether personality screening can and should inform management decisions. The Tests That Shaped the Industry Over the past 100 years, three tests—the Myers-Briggs Type Indicator, the Five-Factor Model, and StrengthsFinder—have had an outsize impact on the theory and practice of personality screening. The complete spotlight package is available in a single reprint.
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Artificial Intelligence (AI) has been around since the 1950s when scientists and mathematicians essentially wanted to see if they could make machines think like humans. Since these early notions of AI, technology has advanced at a gradual rate.
The NGMN Mobile Network Operators (MNOs) identify the key drivers for 6G and outline their vision for 6G and the future transition
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