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How to Take Advantage of the New Networked Economy
The New Culture of Employment
At the moment, much of the social activity about how the Network Economy is changing the culture of work focuses on anecdotes about people who are modifying the standard model and, inevitably, the ongoing arguements over the merits of corporate outsourcing and the emerging online freelance marketplace.
Now a bigger, more substantial alteration of employment relationships is now just beginning to appear. Businesses are beginning to realize that knowledge is advancing and accumulating more efficiently in the brand new external network than in the current internal closed model. The option to tap into talent and knowledge streams outside current organizational boundaries is becoming very important for agencies striving to remain relevant and competitive. And as a consequence, they are re evaluating their time-honored HR and IP solutions to align with this new business reality.
For individuals, the implications are equally profound; businesses, who provide the most well known platform on which to build careers, are now re-defining their relationship with talent and knowledge, introducing uncertainty into what previously was a straightforward path to rewarding careers and long-term financial well-being. In addition, the dynamic of the new idea of the network economy places demands on the pace of skill – and experience-acquisition that independent workers will find difficult to fulfill in a time tested single employee-employer relationship.
Networked Workplace Cycles
Regardless of uncertainties, these developments are making real opportunities on both sides of the employment equation. These recently available developments are now creating very real business opportunities for both corporation and individual: companies need to stay competitive, and will continue to search out and pay a premium for information and skills that add value and help distinguish their strategic advantage; individuals who want to provide their energies where they will be most powerful can bypass the progressively more unclear corporate path and take control of their destiny.
The broadening of the network economy has the capacity to develop powerful virtuous cycles “repeating sequences of favorable events that reinforce themselves through a feedback loop” to advance the interests of both individuals and organizations.
The Mavenlink.com platform weaves together interconnected and mutually enhancing professional, financial, and social cycles that improve both clients and consultants.
The Cycle of Money
The financial cycle provides opportunities for both clients and consultants to continually increase ROI through more efficient projects and expand revenue opportunities through clearly demonstrated value. For most clients, the success of a project is typically measured initially by the degree to which the project results meet expectations for quality, time, and cost; and in the Macro analysis, by their associated ROI.
Mavenlink’s built-in project management tools help streamline the business process from proposal to delivery. Clients can propose, source, and run multiple concurrent projects efficiently from a single point of control. As successes accumulate and add value, and ROI compounds, money for additional projects is easier to sell and secure. Internal and External project experience and data also empower clients to gain additional value from past planning and executing future projects.
Multiple project successes with clients will result in enhanced revenue opportunities through stronger business relationships, greater confidence, credibility, and opportunities to add value through additional proposals Furthermore, consultants can leverage past and current success with one client when seeking new business from an potential client. Over time, consultants are able to deliver value more effectively through increased awareness and re-use, generating enhanced ROI for themselves and for clients.
The Awareness Cycle
The knowledge cycle explains the continuous growth in clients’ and consultants’ abilities to access and contribute to knowledge streams. Every project requires knowledge and abilities in a particular domain or set of domains; to the extent that every project is different, each is an opportunity for obtaining new knowledge.
With every successive project, businesses gain new knowledge and skills, or apply existing ones in a new way. Brand New clients, partners, and group members all provide enhanced opportunities to exchange knowledge. Even highly unique skills, which may apply only to a single client, contribute to general experience that helps consultants refine their “craft” and develop better programs and procedures.
Clients gain the tangible knowledge and proficiency that they contract for, but also acquire experience and credibility that help them recognize and realize additional opportunities. Clients and consultants who work together on successive projects benefit from an increased understanding of unique operational goals, business structures, and personalities.
The Cycle of Reputation
The business reputation cycle is the social-networking aspect of Mavenlink; the virtuous cycle associated with social media is a key reason for its explosive growth. With every collaborative project, clients and consultants have the opportunity to provide mutual feedback, which becomes part of their profile information. Favorable feedback from productive projects enhances your reputation and improvements your presence, which helps you extend your network and attract more clients.
A favorable reputation helps you connect with quality projects and providers, and inspires trust in both parties, streamlining the development of new relationships. Additionally to this, your collaborators’ reputations reflect positively on your reputation, helping you to further develop your personal network, collaborate on more projects, and get more constructive feedback.
Bench mark for Realizing Potential
Subscribe to the comments for this postShifting to another career? HireLive Can help
Shifting to another career? HireLive Can help
Source: HireLive.com
Here are some questions to consider before you chase your new career wings
Thinking about switching careers? If so, then it’s best if you will think about it very carefully. Leaving your present job is definitely a huge risk, so you have to make sure that you’re making the right decision. In the first place, you don’t really want to see yourself leaving your present work but with no clear direction to head to afterwards. So to help you with your decision, here’s a list of self-assessing questions that you may want to answer before you go ahead and file that resignation letter:
1. How satisfied are you with your current work?
Your answer to this question should help you whether it’s really worth it to leave your present job or not. How did you end up doing that job anyway? Are you still satisfied with the work environment and the benefits that your present job gives you? More importantly, are you still happy with what you’re doing?
2. What are my interests and goals in life?
Assess your interests and skills as a person. Make a list of all your strengths and weaknesses. Does your present job give you a chance to utilize all your talents? Will moving to a new job adhere to your short-term and long-term goals? More importantly, will leaving your current job and pursuing another one allow you to grow and develop more as a person?
3. What kind of career do I exactly want to pursue?
Once you’ve listed all your interests and skills, find out what available jobs would best fit them. Maybe you’re good in dealing with crowds of people, but your present work doesn’t give you opportunities to do those. So try exploring careers in the field of public relations and see if you’re qualified. This is just an example of searching for jobs that will help you exercise more of your skills and interests.
4. Is the current economic condition stable?
Switching jobs is a huge risk, and it’s not a good one to take if the economic climate is not even stable to begin with. How can you be so sure that there will be hiring companies to accommodate you once you leave your job? How will you deal with the possibility of not having a source of income for a while once you decide to resign?
5. How can I get a feel of this job I want to pursue?
Getting a feel of your next target job or profession is a wise thing to do so you can discern whether it’s really worth pursuing or not. You can do this by searching for volunteering opportunities that’s related to your dream career. Participate in them and see for yourself if you will really like doing the job in the long run.
6. How can I get to know the nature of my target job or profession better?
Seek advice from trusted professionals who are currently doing the job that you want to switch to. If you have friends or relatives who are currently involved in those jobs, then ask for some tips or advice. Search for some online information about those jobs and see for yourself if it really fits your personality and interests.
7. Can I find the same opportunities within my present company?
Are there other positions in your company that will cater more to your interests? If so, then perhaps you don’t really have to move out. Learn the requirements of that particular position and do your very best until you become qualified for the role.
Changing jobs is indeed one of the most crucial decisions you might ever make in your entire life. Take into heart all of the questions listed above and you’ll surely come up with the best decision not only for your career prospects, but also for your whole life.
About Author:
HireLive is a National Sales, Retail and Management Recruitment and Marketing Firm specializing in face-to-face recruiting events!
With over 10 years of experience in connecting job seekers with potential employers, our objective is to provide the highest quality recruiting events and job openings for the top sales, retail and management candidates across the country.
HireLive produces Career Fairs across the West Coast and maintains a nationwide presence by filling Sales, Retail and Management positions with our company specific Open House and Interview Days.
HireLive understands just how hard it is to land a job in today’s market. We know your resume can only do so much, but a face-to-face meeting can really help you make the right impression to land your next career. With our large client base we can match the most qualified candidates with our client’s needs across the country.