Edward De Silva

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Being a Strategic Leader Is About Asking the Right Questions

If you asked the world’s most successful business leaders what it means to “be strategic,” how many different answers do you think you’d get? Consider this number: 115,800,000. It’s the number of unique links returned when I searched online for “strategic leadership.”<p>There’s a good reason for all …

Management

An Indian startup raised $30 million because millennials don’t even want to own furniture

People used to dream of growing up and acquiring a bunch of stuff. Now, it seems, dreams are different and millennials prize experience. For a globally connected generation whose only constant is change, permanence is burdensome—and that includes furniture.<p>That’s the thinking that got India’s …

Home Ownership

Why Do We Spend So Much Developing Senior Leaders and So Little Training New Managers?

During the last five years of my corporate management career, I had a great deal of leadership development. Along with many other executives, I attended talks by noted management authors, I went to (often lengthy) team-building exercises, and I participated in discussions on different leadership …

Leadership

What Wall Street’s Obsession With Blockchain Means for the Future of Banking

<i>Howard Yu</i> <i>is professor of strategic management and innovation at IMD. He specializes in technological innovation, strategic transformation and change</i> …

Wall Street

PayPal's $890 Million Bet on Immigrants

For many years, Paypal (pypl) was virtually the only game in town when it came to digital payments. But today the newly independent company, which …

FinTech

Academics need to embrace new ways of writing and sharing research

Craig Blewett, <i>University of KwaZulu-Natal</i><p>Universities are a "thousand-year-old industry on the cusp of profound change". That's according to a study that explored Australia's higher education landscape four years ago. One warning from the report rings true far beyond Australia and all the way …

Higher Education

New Research Shows Why Focus On Teams, Not Just Leaders, Is Key To Business Performance

Deloitte just launched a study of people challenges in business, Deloitte Human Capital Trends 2016, and the results were striking. Among the 7,000+ companies who responded (in over 130 countries), the #1 issue on leaders minds is “how to redesign our organizational structure” to meet the demands …

Human Resources

15 strategies millionaires use to manage their money that make them richer

It's no secret that millionaires have different habits, qualities, and ways of thinking than the average person.<p>Those habits are most prevalent when it comes to the ways that they manage their money.<p>They have a unique way of thinking that actually helps them earn even more money by making wise …

Personal Finance

14 books to read on your commute that will make you smarter about business

One way of combining the necessity of getting to our workplace with success is to spend the time reading or listening to books.<p>Here are my suggestions for great business books to read or listen to during your commute.<p><b>1.</b><b>"The</b> <b>E-Myth"</b> by Michael Greber. This is an excellent book about the myths …

Commuting

How to Manage People Who Are Smarter than You

The best managers hire smart people to work for them. But what if your direct reports are smarter than you? How do you manage people who have more experience or more knowledge? How do you coach them if you don’t have the same level of expertise?<p><b>What the Experts Say</b> <br>Getting promoted to a job that …

Leadership

Figure Out Your Manager’s Communication Style

Effective communication takes a deft touch when you’re managing up. If your attempts to persuade are too obvious, they may not succeed. Yet you need to be deliberate in your approach.<p>As you engage with your boss in everyday activities, try to identify the messages behind her speech and behavior. …

Management

One Thing The Best Leaders Never Do | Inc.com

Being a leader means saying what you think. You can't stay silent, withhold your opinion, and wait to see what everyone else is thinking because that would make you a follower, and completely ineffective. But there is one time when the best leaders always hold their tongues: When they have …

Essays

If You Want People to Listen, Stop Talking

Andrew Nguyen<p>George*, a managing director at a large financial services firm, had an uncanny ability to move a roomful of people to his perspective. What George said was not always popular, but he was a master persuader.<p>It wasn’t his title — he often swayed colleagues at the same hierarchical …

Leadership

How Leaders Should React When Someone Disappoints

“Why?” the CEO of the hedge fund yelled at one of his portfolio managers. “Why would you increase that investment? What were you thinking?”<p>The portfolio manager muttered a weak defense which the CEO promptly tore to shreds.<p>When the manager left his office, the CEO turned to me, exasperated. “How do …

Leadership

At 27, this guy quit a $500,000 job at BlackBerry to launch a cool startup

SpeakUp is a cool concept, born out the frustration he had at BlackBerry.<p>SpeakUp is a way for employees to share their insight and ideas with managers and allow other employees to weigh in. Employees can post a solution to a problem and other employees can vote it up, comment, vote it down, or ask …

Employment

10 Behaviors You Never See in Successful People

Author of Real Leaders Don't Follow<p>Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>When you spend decades working with executives and business leaders, you really can’t help but observe what works and doesn’t work over the long haul. One thing I’ve noticed, it’s not intrinsic …

Success

Develop These 5 Skills to Become a Tremendous Leader

Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>The demand for exceptional leadership skills is vital to unlocking transformational growth in business.<p>Recent research and reports confirm leadership development should be considered a top priority in 2015.<p>According to aDeloitte survey …

Leadership

4 Ways to Make Conference Calls Less Terrible

No one wants to sit on a boring conference call, especially when they have other work to do. But that’s the reality for a lot of people, at least according to recent InterCall research on the rise of mobile conference calls and employee conferencing behavior. With 82% of employees admitting to …

Employment

6 Traits of Exceptional Military Leaders That Apply in the Business World

Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>Much of my leadership perspective is drawn on my military experience. In the military, I acquired my first leadership role as a commander and was able to learn firsthand that people will do best what they “want to do” and not what they …

Leadership

The Ideal Work Schedule, as Determined by Circadian Rhythms

Humans have a well-defined internal clock that shapes our energy levels throughout the day: our circadian process, which is often referred to as a circadian rhythm because it tends to be very regular. If you’ve ever had jetlag, then you know how persistent circadian rhythms can be. This natural — …

Employment

When Do Regulators Become More Important than Customers?

While working with a huge Russian hydrocarbon company in Texas last year, our innovation conversation quickly zeroed in on customers. Who was the energy giant’s most important customer? Which customer had the biggest impact on new value creation? What customer would matter most in five years?<p>The …

Innovation

99% of Networking Is a Waste of Time

Building the right relationships — networking — is critical in business. It may be an overstatement to say that relationships are everything, but not a huge one. The people we spend time with largely determine the opportunities that are available to us. As venture capitalist and entrepreneur Rich …

Networking

Stop Playing the Victim with Your Time

<i>It’s just not fair. There’s always too much to do. Everyone just keeps piling more work on me. I feel so helpless.</i><p>Sound familiar? If so, you’re not alone. Many people feel like they have a crushing number of requests coming at them from every side that make them a victim to their circumstances. …

Management

How to Have Friends at Work When You’re the Boss

Girish* is a client of mine who runs a 500-million-dollar business. He gets stellar reviews and is seen as a high potential successor to the CEO.<p>But he has a friend problem.<p>Several of his direct reports are close friends and he doesn’t hold them accountable in the same way he does his other direct …

The 4 Levels of Competence -- With 2 That Entrepreneurs Must Avoid

Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>Wow. Once again I watched an entrepreneur step off a cliff, straight into the abyss of certain business doom.<p>And the sad part? He didn't even know it.<p>In my role as founder and CEO of Mighty Wise, a company providing resources for …

Entrepreneurship

These 8 Scales Reveal Everything You Should Know About Different Cultures

Examples and insights for avoiding this can be found in "The Culture Map: Breaking Through the Invisible Boundaries of Global Business," a 2014 bestseller by INSEAD professor Erin Meyer (also check out those global communication diagrams from Richard Lewis).<p>Meyer claims you can improve …

Asia

Office Politics Isn’t Something You Can Sit Out

Ask most people about workplace politics and they’ll say they’d prefer to avoid it. Yet, most also know that developing political competence is not a choice; it’s a necessity. The ones who who manage to reach the inner circle are at a great advantage. They get more done, but they are also …

The Workplace

Get the Boss to Buy In

An engineering manager at an energy company—we’ll call him John Healy—wanted to sell his boss on a safer and cheaper gas-scrubbing technology. This might have been an easy task if his boss, the general manager, hadn’t selected the existing system just a year before. Instead it was, in Healy’s …

Management

What Marissa Mayer Got Wrong (and Right) About Stack Ranking Employees

Yahoo CEO Marissa Mayer has been criticized for implementing the practice of stack ranking, most notably in an excerpt from Nicholas Carlson’s upcoming book, <i>Marissa Mayer and the Fight to Save Yahoo!</i> that was published in the <i>New York Times</i>. Most of the criticisms of stack ranking center on the …

Employment