ECONOMICS & Five Charts That Will Change The Way You Think About Racial Inequality

by Mark Travers, Forbes Magazine, 10/10/19.

Perhaps the best way to correct people’s misguided assumptions regarding racial economic inequality in America is to simply present them with the numbers. And, in this case, a picture might be worth more than a thousand words. 

For the sake of argument, let’s assume that the average white family in the United States has $100. In those terms, how much money do you think a comparable black family has?

…The answer is less than $10. Most Americans guess upwards of $80. This is the crux of a new article appearing in the journal Perspectives on Psychological Science. Specifically, a team of psychologists led by Michael Kraus of Yale University examined the extent to which people underestimate the degree of racial economic inequality in the United States. Their results are alarming, to say the least. 

Key findings from their research are summarized in the five charts below. 

Race inequality

Figure 1. The chart above illustrates the extent to which Americans underestimate the racial wealth gap in the United States. (Data was collected using a nationally representative sample of 1,008 American adults.) Perceptions of black wealth when white wealth is set to $100 are shown by the diamonds within error bars. The actual ratio of black to white wealth is depicted by the diamonds toward the bottom of the chart. It is easy to see the arrant disconnect between perception and reality. It is also the case that most Americans think the racial wealth gap is decreasing over time when, in reality, it has remained relatively stable, and exceptionally unequal, for decades.

Figure 2. The graph above depicts perception (diamonds with error bars) and reality (diamonds) of the racial wealth divide for people of varying levels of education. In both cases, the wealth gap decreases as education level increases. Still, the degree of overestimation is enormous. For instance, most Americans assume that the wealth gap between white and black families with post-graduate educations is virtually negligible. The truth is that black families with post-graduate degrees are still only worth about 30 cents to every white families’ dollar.

Race and income

Figure 4. The chart above includes perceptions of income inequality for Latinx and Asian racial groups, as well as for blacks. Comparing perceptions (diamonds with error bars) to reality (diamonds), most Americans underestimate wealth inequality for all groups, but the misperception is largest for the black and Latinx groups.

Figure 5. What might cause the gross underestimation of racial economic inequality in the United States? While there are undoubtedly many factors at play, the researchers suggest that personal beliefs regarding the nature of success may contribute to the misperception. The chart above shows that people who believe in a “just world” (i.e., that people generally get what they deserve in life) are more likely overestimate the degree of economic equality between blacks and whites.

Read more at … https://www.forbes.com/sites/traversmark/2019/10/01/five-charts-that-will-change-the-way-you-think-about-racial-inequality/#44b0bb645fb2

PERSONALITY & Why Self-Compassion Beats Self-Esteem

by Carley Sime, Forbes Magazine, 4/30/19.

Firstly a definition of self-compassion. This is taken directly from a paper written by Kristin Neff, a hugely influential researcher in the field of self-compassion: 

“Self-compassion entails being warm and understanding towards oneself when encountering suffering, inadequacy or failure, rather than ignoring one’s pain or flagellating oneself with self-criticism. Self-compassionate people recognize that being imperfect, failing, and experiencing life difficulties is inevitable, so they tend to be gentle with themselves when confronted with painful experiences rather than getting angry when life falls short of set ideals. People cannot always be or get exactly what they want. When this reality is denied or fought against suffering increases in the form of stress, frustration and self-criticism. When this reality is accepted with sympathy and kindness, greater emotional equanimity is experienced”

Through her research, Neff has found that individuals who are self-compassionate often benefit in several ways. They tend to have better psychological health and also greater resilience when compared to those with lower levels of self-compassion. Neff also found that self-compassion is positively associated with life-satisfaction, emotional intelligence and social connectedness. What is it negatively associated with? Depression, anxiety, rumination, thought suppression and perfectionism. This means that individuals who are self-compassionate are less likely to experience these things. 

If that hasn’t sold you on self-compassion then keep reading. Neff and colleagues also found that self-compassion was associated with greater wisdom, curiosity, exploration, happiness, optimism and positive affect. They also found a link between self-compassion and personal initiative, defined as a desire to grow and change in ways that lead to living a more productive and fulfilling life. They suggest that this finding is particularly important as it demonstrates how self-compassion leads to personal growth rather than self-indulgence

Read more at …https://www.forbes.com/sites/carleysime/2019/04/30/why-self-compassion-beats-self-esteem/

PREACHING & 7 Golden Tips To Make People Engage During Your Presentation

by Paloma Cantero-Gomez, Forbes Magazine, 5/9/19.

“…there are two types of speakers. Those who get nervous and those who are liars.” (Mark Twain).

However, there are also thousands of different tips that can help you to rock it and even enjoy it. 

1. Start with a shocking fact

Such as a personal story from someone you know (or not) or an astonishing data that make everybody open wide their eyes. Beginning your presentation with something sharp and memorable will immediately get everyone’s attention and predispose the audience to believe this will be something worthy to listen to.

2. Introduce your project/product by comparing to other more successful projects/products

… A straightforward and impactful way to make the object or subject of your presentation seems incredibly important is to place it at the end of a list of memorable and successful things or hits. Showing the evolution from a historical perspective and proving your stuff to be the one step forward will may people prone to listen carefully.

3. Make it interactive

Ask your audience to stop you at any point. Make it a two-way experience getting your audience to feel that they are part of the process or the solution…

4. Make the slide visual. Avoid text

Put an important word in the center of every slide. Or even better. Put an icon or image that make your audience think about this word. White text over a dark background is always a catchy combination…

5. Ask for questions. Praise people’s questions. Answer questions

Get audience feedback in real-time… Many different tools can be used for this purpose. DirectPoll let you create quick polls that your audience can access and vote on from their mobile device while showing results in real time. 

Praise people’s questions. This would make them believe they are smart and they got a good point. Everybody likes to feel intelligent.  Answer every question. Even if you do not have a very clear response. ’I am not sure but let me consult it and come back to you’ is always better than making people feel ignored. 

Ask them if it is okay to move on. This will absolutely help all those undecided souls with a shy question in mind to finally formulate it!

6. Take notes of people’s inputs

…Writing down peoples’ comments and inputs provide them with this feeling of belonging. This is a very simple way to make them genuinely think that what they are saying really make a difference and it is taken into consideration as part of the solution.  

 7. Ask the audience for takeaways

Every excellent presentation ends with a neat list of key takeaways. Engaging speakers do not provide them for free but work together with the audience, so actually, it is the audience who came up with the main findings…

Read more at … https://www.forbes.com/sites/palomacanterogomez/2019/05/09/the-7-golden-tips-to-make-people-engage-during-your-presentation/#384f86472f65

#CommunicationCoaching

SPEAKING & Your Audience Tunes Out After 10 Minutes. Here’s How To Keep Their Attention.

by Carmine Gallo, Forbes Magazine, 2/28/19.

Cognitive scientists have a reasonably good idea of when audiences will stop listening to a presentation. It occurs at the 10-minute mark...Neuroscientists have found that the best way to re-engage a person’s attention when it begins to wane is to change up the format of the content.

1. Introduce Characters

There aren’t too many commercially successful one-person plays. Few people can pull it off…. include members of the team. Hand off a portion of the presentation…

2. Show Videos

If you can’t bring someone else along, do the next big thing and show a video… Apple does this with nearly every keynote when they show a video of chief designer, Jony Ive, describing the features of a particular product…

3. Use Props 

Steve Jobs was a master at using props. In 1984, Jobs didn’t have to pull the first Macintosh out of a black bag like a magician. But he did. In 2001, Jobs didn’t have to pull the first iPod out of the pocket of his jeans. But he did. In 2008, Jobs didn’t have to pull the first MacBook Air from a manila envelope. But he did. Props are unexpected. They get attention.

4. Give Demos

Former Apple evangelist and venture capitalist, Guy Kawasaki, says demonstrations should start with “shock and awe.” In other words, don’t build up to a crescendo. Show off the coolest thing about your product in the first sixty seconds…

5. Invite Questions

A presentation shouldn’t be about you. It’s about your audience and how your product or service will improve their lives… Change it up by pausing and inviting questions before you move on to the next section.

Read more at … https://www.forbes.com/sites/carminegallo/2019/02/28/your-audience-tunes-out-after-10-minutes-heres-how-to-keep-their-attention/#15109dee7364

SERVANT LEADERSHIP & Presidential Historian Says Forming a Guiding Coalition & Having Empathy Make For Great Leadership.

Commentary by Dr. Whitesel: When undertaking change the second step is to form a guiding coalition which includes people who are not in favor of the change. This guiding coalition will therefore be able to craft a plan that is amicable to both those pushing for change and those who are part of the status quo. This strategy (from Harvard professor John Kotter), is supported in a new book by noted presidential historian Doris Kearns Goodwin. Studying presidential history, she found the best presidential leaders had people who disagreed with them on their Cabinets, which gave the president a fuller perspective.

Doris Kearns Goodwin: Empathy Makes For Great Leadership

by John Baldoni, Forbes Magazine, 3/15/19.

In discussing her new book, Leadership in Turbulent Times, Doris Kearns Goodwin has said that empathy is one of, if the not the best, attribute for leaders. Goodwin, a noted presidential historian, defines empathy as an ability to understand another’s point of view. That definition is correct as far as it goes, but when you dive more deeply empathy as defined by the psychological community is the ability to put yourself in the shoes of another.

…When a leader can see beyond his own point of view, she demonstrates a more rounded worldview. Such leaders know that their opinion is not the only opinion. Empathetic leaders seek out alternate views. They push their staffs not to respond in the affirmative, but to be open to debate on critical issues.

So how can a leader demonstrate empathy?

Think of yourself as part of the community, not THE entire community. The leaders Kearns profiles were self-absorbed. They understood that people opposed them. None more than Abraham Lincoln. Not only did he govern when the nation was split, but he also peopled his Cabinet with individuals who opposed him. Why? Because he knew he needed their perspective as well as their ideas to help him restore the Union.

Read more at … https://www.forbes.com/sites/johnbaldoni/2019/03/15/doris-kearns-goodwin-empathy-makes-for-great-leadership/#714081605747

TRANSFORMATIONAL LEADERSHIP & An Introduction by Carley Sime: The Secret To Transformational Leadership

Commentary by Dr. Whitesel: Among the many leadership approaches there are a few that rise above the rest. One is transformational leadership. Below is one of the best introductions to this style of leadership. The article also includes one of its major aspects, which Carly Sime calls it’s secret. Read and be introduced.

Carley Sime, Forbes Magazine, 2/5/19.

Of the many styles of leadership transformational is perhaps the most coveted. Transformational leaders enhance morale and motivation among followers, they are able to encourage them towards working for a collective good and beyond working solely out of self-interest. The effects of transformational leadership are highly desirable for the followers and the organization itself. Transformational leadership has a high payout as it positively impacts innovation, the heart of success and growth within an organization. It also increases organizational performance as well as job performance and satisfaction too. This could easily be seen as the holy grail of leadership, especially when compared to the transactional kind we have all probably known. Transactional leaders tend to over-rely on their authority as a means to get followers to perform. They’ll tell you what to do and use reward and punishment as their main leadership tools.

Transformational leaders, on the other hand, tend to lead with inspiration as opposed to authority.  Extraversion and agreeableness are two of the big five personality traits that positively predict transformational leadership. Extraversion appears to be linked to transformational leadership because it lends itself to charismatic expressiveness which is highly influential, persuasive and mobilizing. It also leads to individuals being sociable and dominant. Agreeable individuals find ease in showing consideration for others and in the case of transformational leaders, they have idealized influence over their followers. This means they behave in a way that gains the admiration and respect of those around them and sets them apart as trustworthy and a role model.

When we pair agreeableness with extraversion we can see why these traits are positive predictors of transformational leaders. However, there is something else that sits below any traits, actions or behaviors that predict this kind of leadership. That something is self-esteem and it often doesn’t get the airtime it deserves considering it sits underneath the things transformational leadership is built upon.

There is a strong and significant relationship between self-esteem and transformational leadership. In order to adopt transformational leadership behaviors, it appears that an individual first needs to have high levels of self-esteem. Transformational leadership behaviors will be more difficult and less natural to adopt without this. Self-esteem in this context refers to a person believing in themselves as a significant, worthy and also capable member of a team or organization. A person with high self-esteem has self-respect and can accurately assess strengths and weaknesses. A person with low self-esteem is the opposite, they see themselves as inadequate and unworthy and are also unable to accurately assess their strengths and weaknesses. Leaders with high self-esteem may find transmitting enthusiasm and positivity to their followers more natural too.

Read more at … https://www.forbes.com/sites/carleysime/2019/02/05/the-secret-to-transformational-leadership/#644bcd771846

OUTLOOK & How to Move Beyond a Victim Mindset

by Terina Allen, Forbes Magazine, 10/1/18.

… A victim mindset is formed over time and determined by the aggregate of what we regularly think, how we speak, where we focus our attention and the language we choose to use. Avoid allowing your mind to obsess over all the wrong that may have been done to you and channel that energy into more effectively overcoming obstacles and removing barriers.

Just as you can find many people who have had it better than you, if you look objectively, you will also find many people who have had it worse than you. While your feelings and thinking about the wrongdoing may be valid, dwelling on it too much will surely prevent you from realizing your potential. You can spend so much time lamenting the horrible things in your past that it prevents you from taking the steps you need to create a better future and advance your career.

Before you advance your life and career, you will need to change your mindset. Here are some things that can help you do that.

    Surround yourself with uplifting and supportive people who will offer a listening ear. Turn to these friends from time to time for your pity party (we all need these sometime) but then allow them to nudge you through it so you don’t get stuck.
    Intentionally choose to use more positive and forward-thinking language in your communications.
    Adopt a growth mindset as opposed to a fixed mindset. Those with a growth mindset tend to better prepare for and respond to change. They also tend to be better equipped to overcome challenges and persevere through them.
    Read inspirational material and resist the temptation to wallow in regret. Regret can cause you to inadvertently become trapped in a cycle of negative thinking and speaking that holds you back.
    Utilize any employment assistance programs or services your organization may offer, or reach out for professional advice and counseling as necessary – especially if you just can’t move beyond the negative thinking or forces in your life.

Read more at … https://www.forbes.com/sites/terinaallen/2018/10/01/4-unmistakable-signs-you-have-a-victim-mindset-and-how-you-can-move-beyond-it/#64663fe3e0f0