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How to know which type of workplace lets you thrive

(ENTREPRENEUR) Everyone wants to be a part of a productive, rewarding company, whether as employee or founder, but how do you find that?

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Different strokes

Everyone thrives in different ways, enjoys different types of activities, prefers different kinds of environments. Duh.

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And that diversity is what makes the world go round – we can’t all be neurosurgeons or astronauts or painters or anything else, and most importantly, we don’t want to be.

Everyone wants to do well

I think it’s safe to say that everyone wants to be a part of a productive, rewarding company, whether as employee or founder. And everyone would probably like to be at their best at work, supported and challenged by colleagues. Saying you want to thrive at work is like listing “having fun” as one of your hobbies:

the point is how you have fun, and how you work best.

So how do you figure out the kind of company, the kind of workplace culture, that’s best for you? According to Bill Taylor of the Harvard Business Review, there are four main types of high-performance workplaces.

Community-based

Channel the Three Musketeers while you’re at work by prizing trust, collaboration, and loyalty over all else. Though this kind of workplace values customers, partners, and investors, employees are number one. Kent Thiry, the CEO of Davita – a Colorado-based health care provider – says his company is a “community first and a company second.” He goes on to explain: “We have flipped the means and the ends. Having an adequately profitable business is the means.”

“Building a real community of human beings is the end.”

If you need to feel at home when you’re at work, a community-based workplace might be the best place for you.

Star-studded

Picture the opposite of the Three Musketeers, and you get this type of workplace. It’s every maniacal employee for themselves, and competition is a way of life. This kind of workplace is made up of a bunch of success-obsessed superstars, and it makes for a tough environment.

But if you’re talented and you like to dream big (and actively pursue those dreams), this kind of workplace could be the ideal place for you to thrive.

Investment banks and hedge funds often operate this way, and some law firms, consulting companies, and tech giants also embrace the competitive drive that forces employees to sink or swim. Mark Zuckerberg famously said, “Someone who is exceptional in their role is not just a little better than someone who is pretty good. They are 100 times better.”

Doing good

This kind of workplace is all about the large-scale impact of the employees. People who work in this kind of environment are often self-effacing and willing to sacrifice for the good of customers and other stakeholders. This doesn’t necessarily mean the organization is a non-profit out to save the bees or revive public education.

But this kind of workplace is mission-driven.

A great example is USAA: a financial services company that only – only – does business with active and retired members of the military, and their families. Employees of USAA are passionate about service, and that commitment to the customer has helped USAA maintain and grow a loyal base.

Little and mighty

Some workplaces are a maze of hierarchy and protocol, and good work can get lost or mangled by the process. If you crave a sense of urgency in your work – not just a deadline, but an impetus to ideate and act – a small workplace with few obstacles could be your place to shine.

The revenue may not be massive, but it also could be a jackpot.

Sometimes the size of your workplace only guides your job satisfaction, not your company’s performance.

Now it’s time to take stock of your current organization, or the organizations you’re applying to.Click To Tweet

Are they driven by the things you want to drive you? Don’t just exist at your job, thrive. Look for the kind of company that will better your best.

#Thrive

Staff Writer, Natalie Bradford earned her B.A. in English from Cornell University and spends a lot of time convincing herself not to bake MORE brownies. She enjoys cats, cocktails, and good films - preferably together. She is currently working on a collection of short stories.

Business Entrepreneur

Is this normal (you wonder about your business)?

(ENTREPRENEURIALISM) It can be lonely not being able to openly ask potentially embarrassing questions about your business – there’s a way to do it anonymously…

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Entrepreneurialism is wildly rewarding – you are fully in control of the direction of your company, and you’re solving the world’s problems. But it’s also isolating when you’re not sure if what you’re experiencing is normal.

Sure, there’s Google, news networks (like ours), and professional connections to help you navigate, but sometimes you just want to know if something simple you’re seeing is normal.

Is Instagram Stories really where it’s at? Probably not if you’re a consultant.

Is it normal for an employee to attempt to re-negotiate their salary on their first day? Nope, but how do you keep the desirable employee without being bullied into new terms?

Do all entrepreneurs spend their first year in business as exhausted as a new parent? Sometimes.

You have questions, and together, we can share our experiences.

We have a brand new Facebook Group that is already wildly engaging, active, and you’d be amazed at how selflessly helpful people are – and we invite you to be one of them.

Want to anonymously ask a question about something you’re unsure is normal or not?

Click here to submit your question, and we’ll select as many as possible to discuss in the Facebook Group!

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Business Entrepreneur

Amazon on a collision course with politicians as they strengthen their monopoly

(BUSINESS) E-commerce has come a long way in the last decade, specifically led by Amazon, but are their controlling ways putting them on a collision course with regulators?

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In March, Amazon stopped replenishing weekly purchase orders for tens of thousands of vendors in a move that has stirred up some trouble. The tech giant has once flexed its power over first-party sellers over their platform. And it’s not the first time.

Amazon originally sent out to vendors as an automated message citing the hold up in orders as a technical glitch. The following day, vendors were told the change was permanent. The affected vendors were categorized as making $10 million or less in sales volume per year and not having managers at Amazon. Vendors selling specialized goods that were difficult to ship were also a factor.

The effects can have remarkable effects on the market as Amazon’s algorithms decide who is able to sell what to whom via their near-ubiquitous platform. According to John Ghiorso, the CEO of Orca Pacific, an Amazon agency for consultation and manufacturers representatives, the decision is driven by financial data such as total revenue, profitability, and catalog size.

In a response from an Amazon spokesperson, the change was made in order to improve value, convenience, and selection for customers. The mass termination of purchase orders and the delayed response from Amazon herald the transition to the One Vendor system, putting vendors in an exclusive relationship with Amazon. This system will merge the current Seller Central and Vendor Central.

Amazon’s message is loud and clear: they will do what’s in their best interest to mitigate the market for their convenience. One may be reminded of the anti-trust lawsuit against Microsoft in 2001.

The lack of warning didn’t do them any favors either.

While smaller businesses need to change for Amazon’s program, first-party business will revolve around larger brands like Nike with whom Amazon is maintaining a relationship.

Despite the streamlined platform Amazon is going for, the company wields power over vendors and customers alike. Capitalism is one thing, but monopolies are a whole other ball game, and politicians are finally paying attention.

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Business Entrepreneur

Culture Codes is the guide you need for company culture questions

(BUSINESS ENTREPRENEUR) One of the biggest sellers of a company to a prospective employee or customer is their culture. Culture Codes has compiled some the biggest companies cultures in convenient decks for you to study and align with.

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Organizational culture is a hot button of conversation. While a variety of definitions exist, one way of defining Culture is the way businesses exist – a summary of values, rituals, and organizational mythology that helps employees make sense of the organization they work in.

Organizational cultures are often reflected in Mission, Vision, and Value statements of organizations.

What many entrepreneurs or new organization struggle with as well, is how to create a culture from the ground up. What kinds of statements and values do they advocate? What are areas of focus? Who are our competitors and what can we do to create a service, product, or quality advantage?

Building a strong culture can be challenging, but a good place to start is looking at the best cultures around.

A new resource by Tettra, Culture Codes, has everything you could want to know on different companies their cultures available for you to study up.

Over 40 companies employing over 280,000 employees have created culture decks and collected core values and mission statements. Companies like Spotify, Netflix, LinkedIn, and NASA have all contributed information.

This information is great for young companies or entrepreneurs to start building a schema about what kind of culture they want to create.

Or existing established companies can look towards peers and competitors and help decide what statements they want to engage culture change on.

For job seekers, Tettra can help potential employees gauge if they are a fit for an organization, or discover that maybe an organization they dream about working for has a culture they may not jive with. And perhaps most valuably, transparently showing off your culture and allowing it to be compared means that organizations can better compete in the talent market.

Recruiters should be obsessed with talking about culture – because it keeps people in the door.

The reasons why people leave employment: work/ life balance, poor treatment, lack of training, or relationship issues with a supervisor or boss; in many ways are a by-product of organizational culture. If you want to compete in the talent market, make culture a selling point and show it off in everything you do.

Even consumer’s benefit from learning about an organization’s culture – values that indicate a commitment to excellence in ethics make consumers feel good about supporting an organization.

It pays to have a good culture. I encourage you to head over to tetra.co/culture-codes and see how companies like Etsy are keeping it real, every day.

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