How analytics will impact the future of work

Flowtrace resources and ideas for team engagement, positive culture in the workplace and company intelligence.

Posts about Culture:

Are we in the age of metaverse?

Are we in the age of metaverse?

This article is looking to answer what exactly is the metaverse and what could define the age of metaverse, and has the age of metaverse already dawned? We are also taking a look into possible Kafkaesque world in which corporate overlords (Meta.com et all) control how we conduct ourselves.

To get started I want to give you the definition of the word metaverse, and by its narrow definition we conclude it means a virtual-reality space, or in other words, a virtual universe. I know I'm taking a risk of using this word that might not be relevant in a couple of months' or years' time. However the concepts, and thinking, is timeless no matter how you view them.

For the purpose of this article, we are envisioning the metaverse definition is extended to include all online communities, enabled by the internet and augmented with any types of extended reality, or their communities within.

This posting will assess what the metaverse is, where are we now, what it could look like in the future and what possibilities the 'Age of metaverse' may present.

This article is not about the immediately recognizable parts of the metaverse like consumer app's such as Instagram, TikTok, Facebook and all.

Instead, I want to take a look into the world of business and what the metaverse looks like from this context. Throughout this article, I focus on the current trends, economic opportunities of the metaverse, how to conduct business and how to interact within.

How To Have More Productive Meetings

How To Have More Productive Meetings

“Meetings at our company are so productive, every meeting has an agenda and a clear purpose. I look forward to every company meeting”.

When was the last time you heard that statement? Honestly, I don’t think I ever have.

Poor quality company meetings has been a topic of debate for a long time, but still it seems business has not been able to turn the tide of poor quality company meetings into productive meeting best practices, that become part of company culture and positively drive employee productivity and engagement.

Most organisations rely on meetings as an essential component of coordinating projects, work and teams, but inefficiencies in meeting best practice point towards massively growing sunk costs which now equates to nearly $500 billion globally in relation to the ‘lost productivity cost impact of poor quality meetings”.

“Meetings are a symptom of bad organisation. The fewer meetings the better” (Peter Drucker)

We have all sat through pointless internal meetings (which could have been summarized in a Slack thread or Email).

But meetings needn't be pointless. Successful internal meetings bring everyone together to check-in with one another and communicate challenges, actions and needs.

Download Free Meeting Best Practice Guide

Free Slack Guide And Slack Best Practices in 2021

Free Slack Guide And Slack Best Practices in 2021

We have all seen it many times how information gets lost between Slack, email, and other collaboration tools we use daily basis. It's frustrating, wasteful, and in the worst case, causes issues to our clients. This is highlighted further when studies reveal that 89% of people believe effective collaboration is extremely important, and meanwhile 8 out of 10 people rate their own business' communication as an average, or poor. (Communication Statistics by Project.co)

How Does Organizational Behavior Impact The Great Resignation?

How Does Organizational Behavior Impact The Great Resignation?

If you are active on social media, you will have seen the term 'The Great Resignation'.

Is it a flash in the pan or should you be concerned by how it will impact you, and your company?

We conducted some analysis within our client network, the results showed "an 89% employee retention rate (based on voluntary turnover) throughout the pandemic, compared to the market average (UK, Europe and US combined) which averages 71%.

The 3rd party external analysis paints a similar picture, and overall impact begins to form when you look closer at organizational behavior, workplace culture and cross-functional alignment.

Our view is that people and organizations who are being impacted by 'The Great Resignation' have a combination of alignment and culture issues, which could, and should have been fixed before the impacts on our working lives created by the pandemic.

If you care about your employees, the environment you create for them to work in and focus on creating and maintaining a positive workplace culture, then you should have nothing to worry.

On the other hand, if you are part of a company which have neglected your organizational culture and cross-functional alignment for too long, you might be facing the cliff of 'employee disengagement' or worse still, your team are already completely disengaged.

Fast Growth Startups: Team Collaboration interview with aioneers

Fast Growth Startups: Team Collaboration interview with aioneers

I had the pleasure of catching up with Dr. Adrian Reisch, Co-Founder at aioneers, to discuss their fascinating growth story, team collaboration effectiveness, startup culture and building outstanding teams.

aioneers was founded at the beginning of 2020, led by six former Ernst & Young partners with 20 years of shared work experience.

The company went operational in mid-2020 and quickly grew to a team of 25 people, which has since grown to just under 60 employees.

The aioneers ambition is to enable companies to boost their performance with technology, having observed efficiency and capability gaps impacting most companies across the market. This is particularly the case in terms of supply chains, although these challenging gaps are not exclusive to the space.

10 Strategies For Workplace Collaboration And Productivity Culture

10 Strategies For Workplace Collaboration And Productivity Culture

Company culture is a key criteria for being an asset to your startup. It can influence many aspects of your success from how effectively you build a product to how quickly you gain traction with your target market, to customer brand loyalty and how aligned your employees are to your focus strategy.

Building and maintaining this culture takes time and effort, but the payoff can be huge — both for your company and for your personal growth.

As entrepreneurs, we are often motivated by our desire to prove ourselves. This motivation can blind us to other possibilities. When we begin our venture, we might overlook the difficulties that might be associated with pursuing said endeavor.

Instead, we focus on how to secure the next funding round—whether it be via investment or debt financing—and often lose sight of some factors that can bring huge rewards such as Return on Culture, Collaboration in the workplace, A shared common goal and Competitive Advantage.

Your culture is anything but static; it evolves and changes depending on the needs of the day. This means that some companies will be more successful than others. But, understanding what makes for a good company culture can help you determine how your business will thrive.

In this article, I will define ‘what is company culture’ and highlight '10 proven strategies' as it relates to team composition, talent acquisition and retention, business strategy, open communication and how leadership teams enable the best possible team ethos.

8 Strategies To Increase Collaboration Among Employees

8 Strategies To Increase Collaboration Among Employees

Startup failure. It cannot be eradicated. It is part of the startup ecosystem. Getting out-competed, no market need, team disharmony and running out of cash are just some of the common startup failure reasons within a long list. 

When you begin to look closer at the common startup failure reasons, a few things become clear:

  1. Startups will always fail. There are uncontrollable factors. Covid highlights this fact, for some companies Covid has sparked amazing innovation and technology breakthroughs, where for others a global impact event has meant startups have had to pivot fast and many have found their market and revenue completely grind to a halt.
  2. The real root cause of startup failure is rarely a single common reason. Multiple factors usually combine to cause a startup to fail.
  3. It has almost become fashionable within startup circles that failure is seen as a badge of honor - “Failure is just part of the journey to success”. Where I agree in part, and in some instances we can learn more from failure than success, success is only ever created by understanding the real root cause failure. The common startup failure reasons addresses somewhat the strategic reasons for startup failure, but they do not address the tactical or operational reasons for failure, which typically are the real root cause.

Proven Strategies To Improve Workplace Collaboration Culture

Proven Strategies To Improve Workplace Collaboration Culture

Whether implicit or explicit, every company has a culture and your company culture is more important than you might first imagine. We meet founders and entrepreneurs every day who only become more determined about their culture after they have achieved some success in the market.

However, that determination and focus on your culture should be an integral part of your startup journey from day 1, why? Your culture can help define many critical success factors as you grow such as talent acquisition, talent retention, employee engagement and competitive advantage.

Don’t worry if you are struggling to think about what your company culture actually is, unlike your product, platform, sales or profits - your company culture isn’t something that can be easily quantified or defined and it’s hard to write down every aspect and perspective of your culture. But, nothing is lost, and we have written this article specifically to give you culture ideas, and how to create an innovative and collaborative team culture of communication. 

4 Strategies To Improve Your OKR Process

4 Strategies To Improve Your OKR Process

When start-ups conduct their first OKR process, in almost all cases it is completely over-engineered, from the amount of objectives to the interoperability between each objective and key result.

So you’re an early stage start-up or preparing to scale. Awesome.

Your team is growing fast. Amazing.

You feel it is time to take a more structured approach with your company objectives. Great.

You have heard about OKRs. Excellent.

You think your first set of objectives should be all about profit, customer acquisition and funding. Ah. Okay. Hmm.

You think your teams are collaborating well…

You think your teams are highly engaged…

You think no-one is at risk of burnout…

You might need to think again…

An objective key result (OKR) is a process that a company can use to set business or strategic objectives, including the criteria and key results that will be required to achieve each objective. For an early stage start-up or a start-up preparing to scale, deciding upon the right objectives from the myriad of feasible objectives can be overwhelming.  In its simplest form, company level objectives in the OKR process are intended to filter down through the entire organisation creating alignment through an overarching framework for mini goals, key results and individual actions that will ultimately contribute to the OKR process.