The World's Best Book Summaries
What lessons can you learn from Ken Blanchard’s book The New One-Minute Manager? How can you get the most out of your employees? The New One-Minute Manager teaches three core principles: one-minute goals, one-minute praisings, and one-minute redirects. You’ll learn how empowering your employees motivates them to work harder. Continue below for a brief overview of The New One-Minute Manager‘s core lessons.
Is it true that automation increases unemployment? How does labor-saving technology affect the economy? It’s a common misconception that automation leads to unemployment. In fact, automation increases production, because more output creates larger profits for businesses, enabling them to expand production, hire more workers, and/or raise wages. In this article, we will debunk the myth about automation and unemployment and explain why labor-saving technology actually creates more jobs than it eliminates.
How does Ken Blanchard describe the three kinds of managers? What sets a one-minute manager apart from nice and tough managers? In his book The New One-Minute Manager, Ken Blanchard discusses the three kinds of managers: tough, nice, and one-minute managers. One-minute managers instill confidence in their employees and are experts at time management. Keep reading to learn more about the three kinds of managers.
Could your workplace productivity use a boost? Would you like to learn how to get more done professionally? In Smarter Faster Better, Charles Duhigg shares two principles that are crucial to improving workplace productivity. Becoming more productive isn’t about working more hours or constantly pushing yourself to do more. Instead, it’s about making wise choices in certain areas. Read more to learn how to improve workplace productivity.
What are one-minute goals? How do you set them? Why do one-minute goals work? If you want to learn how to be a one-minute manager, then you need to learn about one-minute goals. Each goal you set should be readable in one minute or less, hence the name. When you have these written performance standards and deadlines, employees feel more driven and have direction. Here’s why you should set one-minute goals for your employees and why they work.
How did health insurance become for-profit? What were the first for-profit insurers to enter the industry? Health insurance didn’t start out as a for-profit business. It began as an employer-sponsored incentive. However, as demand increased, for-profit insurers like Aetna and Cigna began entering the industry. Keep reading to learn about the rise of for-profit health insurance and its pricing mechanisms.
Do you need to generate new ideas for a project? Are you feeling stuck, wondering where the next idea will come from? Even Disney’s world-class creative teams struggle sometimes. During the production of Frozen, they ran up against problems. The solution was to generate new ideas. Read more to discover the techniques that the Frozen creative team used to generate new ideas.
What is the medical loss ratio? How much of their premium revenue do health insurance companies actually spend on medical care? Medical Loss Ratio (MLR) is the percentage of revenue from premiums spent by insurers on medical care. Before the Affordable Care Act, some providers’ ratio was as low as 64%. Today, it is closer to 80%. Here is how medical loss ratio works in the United States.
What difference does psychological safety in the workplace make? How do you know when you have it? Charles Duhigg, in his book Smarter Faster Better, argues that creating a norm of psychological safety in the workplace is crucial for productivity. What is psychological safety, and what are the steps to create it? Duhigg provides a practical guide. Read on to discover how to achieve psychological safety in the workplace.
How are prices determined in the U.S. healthcare system? How do doctors bill for their services? In the United States, prices for medical procedures are determined by the American Medical Association of Physiology (AMA). Once set, the Relative Value Units (RVUs) have systemic national implications, nudging doctors toward performing the higher compensated procedures. In addition, doctors have their own methods to fluff up the patient’s bill. This article takes a look at the pricing in healthcare, including the strategies that doctors themselves use to bill their patients.