The Importance of Empathy in the Workplace

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Why is it important to foster empathy in the workplace? What are the consequences of a lack of empathy in an organization? According to management theorist Simon Sinek, empathy in the workplace fosters a supportive environment by combating abstraction through the release of oxytocin. When empathy is absent, people see each other as abstract concepts rather than people. As a result, they focus on their own benefits, rather than the common goal. Read about the importance of empathy in the workplace, according to Sinek.

Why You Should Prioritize Long-Term Business Goals

Why You Should Prioritize Long-Term Business Goals

Why is it important to set long-term goals for your organization? How does focusing on short-term goals stifle your progress? Many leaders don’t even think about their long-term business goals, focusing on short-term profits instead. According to management theorist Simon Sinek, short-term focus impedes progress because it stifles oxytocin and empathy. Instead of focusing on your company’s profits for this year, plan how you’ll impact the market for the next five. This puts your decisions in the context of causing lasting positive change, rather than immediate, temporary success. Here’s how short-term focus stifles progress and why you should prioritize long-term

Simon Sinek’s Circle of Safety, Explained

Simon Sinek’s Circle of Safety, Explained

What is a “circle of safety” in Sinek’s conceptualization? How do you develop a circle of safety in your organization? According to Simon Sinek, a “circle of safety” is a company culture where employees’ needs are prioritized above the company’s profits. By putting your employees’ needs first, you create an environment where they feel safe to collaborate and innovate. Here’s how prioritizing your subordinates’ needs drives collaboration and innovation, according to Sinek.

Thor Software: How It Changed the Stock Trading Game

Thor Software: How It Changed the Stock Trading Game

How does the Thor software work? What was it originally created for? After discovering how high-frequency trading (HFT) was impacting Wall Street and the overall financial market, Canadian trader Brad Katsuyama developed the Thor software, which slows down a broker’s order so an HF trader can’t manipulate its latency time. Keep reading for a background on the Thor software and how it’s used against high-frequency trading.

What Does IEX Company Do? More Than You Think

What Does IEX Company Do? More Than You Think

Have you ever heard of Investors Exchange, better known as IEX? What does the IEX company do to make stock trading fair? IEX is a stock exchange based in the United States and was founded by Canadian stock trader Brad Katsuyama. Michael Lewis details the creation of IEX and what the company does in his book, Flash Boys. Keep reading to learn about what the IEX company does to improve the stock market’s standards in just five solutions.

Toxic Workplace Culture: The Killer of Progress

Toxic Workplace Culture: The Killer of Progress

What are the signs of toxic workplace culture? How does toxic work culture affect your employee’s performance and willingness to collaborate? Toxic workplace culture is a breeding ground for the stress hormone cortisol. Cortisol stifles the release of oxytocin, the neurochemical which fosters empathy and trust. When employees lack empathy and trust toward one another, they’re much less likely to collaborate, seeing each other as competitors and threats to their own success. Here’s how a lack of empathy creates a toxic workplace culture.

Peter Thiel: Monopoly Is Better for Society

Peter Thiel: Monopoly Is Better for Society

Can monopolies be good? What are the advantages of monopolies? According to Peter Thiel, monopoly is better for society. When a business has a monopoly (meaning it faces no significant competition in the market where it operates), it has the freedom to consider the welfare of its employees and the broader impact of its products and operations on society because profits are assured.  Here’s why monopoly is better for society, according to Peter Thiel.

Zero to One Quotes: Startup Wisdom From Peter Thiel

Zero to One Quotes: Startup Wisdom From Peter Thiel

What does Peter Thiel mean when he talks about secrets? What does he have to say about monopolies? What’s his “contrarian question”? Zero to One is entrepreneur and venture capitalist Peter Thiel’s unconventional advice for technology startups. Thiel, co-founder of PayPal and the first outside investor in Facebook, argues that technology has stagnated. Most new companies improve incrementally on existing products, but Thiel argues that the most valuable and game-changing startups create something new—they move from “zero to one.” Here are some of the best Zero to One quotes, along with context and explanation.

How to Encourage Collaboration in Your Organization

How to Have an Effective Strategic Discussion

Are your employees unwilling to collaborate? What can you, as a leader do, to encourage collaboration in your organization? The key to fostering collaboration in your organization is to nurture a higher purpose. When you and your subordinates are devoted to fulfilling this kind of purpose, the possibility that you’ll fail to do so becomes enough of a threat to encourage collaboration and strengthen the supportive environment. Here’s how having a higher purpose unites teams.