Connect with us

Business

How Smart Companies Are Winning With Theory Y Workers

Published

on

theory-y
  • How Smart Companies Are Winning With Theory Y Workers

If there is anything the 21st century has taught us about the competitiveness within industries, it is that size is no more a significant advantage – like it was in the good old days when the big boys blew the smaller guys out of the water. Casting an eye on some of the major industrial disruptions in the past decade, these upsets were caused by smaller, and before then non-entity, organizations. Airbnb disrupting the hospitality industry, Uber in the transportation space, social media platforms becoming the go-to for corporate communication and public relations. The list is a long and very familiar one. As Klaus Schwab puts it, “In the new world, it is not the big fish which eats the small fish, it’s the fast fish which eats the slow fish.”

google graph

The use of the word “Innovation” has seen a massive spike since 1956. Source: Google

Innovation is now at the heart of organizations. A quick look at Google’s Ngram Viewer for the usage of the word “innovation”, as at 1956 – towards the end of the second industrial revolution – the word appeared, in materials available to Google, 0.00061%. By 2008, Google’s last available maximum data range, the word had climb to 0.00211%. The frequency of the usage of the word nicely correlates with its upward trajectory in today’s organizations. Innovation is now driving organizations to go better, faster and smarter. It has been integrated in pretty much most functionalities. From how people are scouted and recruited: think Application Tracking System, professional network websites. To how they do their work: blurring the line between leisure and work in the workspace, home-office flexibility. The tools they use: Customer Relationship Management (CRM) with embedded Artificial Intelligence (AI), productivity tools. You can subtly see innovation written all over. And at the heart of these innovations are… people! Now that is the crux of this gist.

15228139_1636912926334590_1289518908_n

A timeline of the Industrial Revolution. Image credit: Fortune.com

Innovation drives organization but seated in the driver sit of innovation are smart people. People who anticipate the future, change, increase in efficiency thereby productivity. These people rise above the challenges faced and in doing so, provide the solutions that help organizations become the fast fish that eats the slow fish – irrespective of its size. Tying it all together is Douglas McGregor’s theory of people and management style. According to McGregor, there are two types of workplace behavior. The Theory X people are naturally lazy and need increased supervision and hands-on management. Theory Y, on the other hand, are proactive and get things done. They anticipate challenges and take initiative. They do not need to be reminded to do their job, they take pride in doing their job. And right there are the people taking the driver’s seat of innovation.

With workplace being more relaxed and employees given a truck load of trust, the theory Y worker is the one that understands, despite spending 20 minutes in the recreation room playing a game of table soccer, time has been expertly managed so that the tasks of the day gets completed before close of business. The theory Y worker knows, even though they can work from home, their productivity should not be affected by any means. The theory Y worker is smart enough to spend the company’s resources like it’s theirs. Enjoying the perks but being absolutely responsible. Above all, the theory Y worker does not have to wait for their manager to identify where productivity can be increased through. They think three steps ahead of the game and propose these solutions for the growth of the team and company at large.

The result? Organizations end up with an agile workforce that is on a continuous quest to outdo itself. And that puts them on the forefront in the highway of innovation. More responsive, forward-looking, anticipatory and profitable. These organizations also have one thing in common, they attract the next generations of theory Y workers – those still in college – putting themselves in a position to continuously keep innovating and being the fast fish.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Continue Reading
Advertisement
Comments

Business

Transcorp Hotels Expand into Marketplace, Launches Aura to Connect People, Hoteliers, Others

Published

on

Transcorp hotel

Transcorp Hotels Plc, on Thursday, announced it has launched a new digital platform, Aura, through which people can book accommodation, restaurants and experiences.

Aura, Transcorp’s first in the alternative accommodation segment, is part of the company’s asset-light model, leveraging technology to deliver true hospitality, exciting experiences, and drive shareholder value.

It’s a new dawn in the hospitality industry! I am thrilled to introduce you to Aura by Transcorp, the digital platform we are using to connect people to quality accommodation, great food, and awesome experiences,” Managing Director and Chief Executive Officer of Transcorp Hotels Plc. Dupe Olusola said.

For more than 30 years, Transcorp Hotels Plc has been at the forefront of creating a superior guest experience at our locations. Today, our commitment to innovation has offered us an opportunity to extend this beyond the hotel premises,” Olusola added.

The launch of Aura by Transcorp is one of the most significant developments in the company’s history as it seeks to transform the travel and tourism industry in Africa by focusing on three important components of travel, whether for leisure or business — where you stay, what you eat and how you spend your time. With its people-driven hospitality model, Aura is set to revolutionise travel and help remind Africans of our deep history of hospitality.

Speaking on the launch of Aura, Obong Idiong, Chief Executive Officer at Africa Prudential Plc, Aura’s technology partners, expressed his excitement. “Finding the right accommodation when you travel can be incredibly complex. Options available for the right prices are often limited, and travellers sometimes end up with accommodation that taints the travel experience. Transcorp Hotels Plc has been able to fix that with Aura and we are proud to be associated with them.”

To ensure topnotch user experience, we built a solution to drive digital transformation through the adoption of shared living spaces for the Aura business. With an advanced search algorithm powered by artificial intelligence, Aura determines the relevance of locations taking into consideration, the customers’ preferences and requirements to meet them at the point of their needs,” Idiong added.

Priscilla Adeboye, a travel enthusiast and early adopter of Aura, said the global pandemic has pushed international travel down her list. “But I still want to be able to take some time off work or spend a weekend away from home with the family. I have found incredible homes on Aura that meet my need for space and privacy.

 

Continue Reading

Appointments

Siemens Energy Nigeria Appoints Seun Suleiman as Managing Director

Published

on

siemens

Seun Suleiman is the New Managing Director of Siemens Energy Nigeria

Mr. Seun Suleiman is the new managing director of Siemens Energy Nigeria, the company announced on Wednesday.

According to the statement released by the energy company, Suleiman will be responsible for the entire management of operations and decisions on business policies and corporate strategy.

Commenting on his appointment, Suleiman said, “It is an absolute honor to lead the business for Siemens Energy Nigeria and I look forward to delivering on the brand’s promise of excellence.

Suleiman joined Siemens Energy in 2014, bringing over 15 years’ experience and deep expertise in the private sector across Europe and West Africa.

The statement said, “He is an accomplished business strategist and success-driven leader with strong business acumen. Suleiman has also been a core member of the executive management team at Siemens Energy serving in roles as Sales Director West Africa – Service Distributed Generation Oil & Gas and Vice President Service & Digital.

“Prior to this, he also held various functional and managerial positions with ABB Ltd UK, ABBNG Nigeria, Schneider Electric Nigeria and Dresser-Rand Nigeria Ltd.

It added that Suleiman was experienced in establishing operational excellence with specific competence in the power, oil and gas sectors.

Continue Reading

Business

FG Reopens Osubi Airport Warri for Daylight Operations

Published

on

muritala-muhammed-airport

FG Reopens Osubi Airport Warri for Daylight Operations

The Federal Government on Monday said the Osubi Airport in Warri has been reopened for daylight operations.

The Minister of Aviation, Hadi Siriki, disclosed this in a tweet.

The airport was closed in February 2020 over mismanagement and debt allegation involving aviation service providers and airport management.

However, Oberuakpefe Afe, a lawmaker representing Okpe/Sapeie/vaie federal constituency, recently moved a motion for the Federal Government through the ministry of aviation and relevant authorities to reopen the airport for flight operations.

On Monday, Hadi Siriki said “I have just approved the reopening of Osubi Airport Warri, for daylight operations in VFR conditions, subject to all procedures, practices and protocols, including COVID-19, strictly being observed. There will not be need for local approvals henceforth.

Continue Reading

Trending