BizBites by Ethique Advisory

Navigating the workplace is akin to sailing through choppy waters with stress and challenges as constant companions. Studies reveal that 94%+ of employees experience chronic stress. Stress and tension can increase productivity up to a certain point. Beyond that, they become chronic and lead to decreased employee morale. This, in turn, has a negative effect on productivity. Studies further reveal that reducing stress can possibly increase productivity by 31% and sales by 37%. Having said that, how often have you seen some employees seem to ride the wave of challenges without missing a beat? How does that happen? What is their secret weapon? Well, their secret weapon fits into one word- RESILIENCE. A trait imperative for one to bounce back from failure and manage the ebb and flow of workplace pressures. Resilience goes beyond enduring difficult situations; it involves harnessing the power of adversity to propel oneself forward. Today, let’s explore the significance of Resilience in the w...

Workplace conflict is a common occurrence in businesses, affecting both productivity and the overall work environment. On average, employees spend about 2.8 hours each week dealing with conflict. It might not sound like much, but it adds up to an astonishing ₹29,500 billion in paid hours yearly, time and money which could have been invested in driving growth and fostering positive relationships. Translated into workdays, we are looking at 385 million days spent each year dealing with conflict. In other words, every month, employees spend the equivalent of one full day handling disagreements instead being productive. Over a year, this adds up to 2-1/2 weeks spent on conflict instead of positive work. The magnitude of the Problem increases as workplace conflict impacts more than monetary loss on account of lost productivity. It leads to decreased morale, increased stress levels, and lower job satisfaction, resulting in an overall dip in productivity, disengaged employees and increased at...

In the intricate and ever-changing world of business, there is a crucial, unwavering element which drives success – Networking. Business Networking is more than just a trendy term. It is the heartbeat of contemporary entrepreneurship. 78% of new ventures have been propelled to prosperity due to networking. It is a calculated means of gaining a competitive edge, securing almost a quarter more clientele through forging personal connections. One can view networking as a resource-rich ecosystem waiting to be harnessed. The importance of networking in business goes beyond customer attraction. It also provides recruitment opportunities and opens doors for increased profits. Additionally, it provides critical industry insights. Effective networking is a powerful tool that is often overlooked in the business world. Honing networking skills cements your company’s future and heightens your business prowess. Are you ready to utilize networking and elevate your business to the next level? Uncover ...