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Top 3 Industries Experiencing Growth Right Now

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The economy of the world and the industries dominating it are in constant evolution. Whilst Amazon was believed to be a joke only two decades ago, it is now one of the most successful companies ever created. This says a lot about the pace at which our world evolves and how some industries can take over.

Right now, there’s a handful of utterly successful industries. As people will want to have even more comfortable lifestyles, these industries will only keep on gaining more traction. In this article, we will broadly explore these three industries to give you a better idea about the potential future.

Gaming

Gaming really managed to rise and shine in the last couple of years. This entertainment form is getting more users as each day passes. This is thanks to the outstanding advantages gaming has over any other entertainment form. Its popularity growth is also helped by the increase in the availability of gaming devices.

To compete professionally in gaming you need a powerful computer or a gaming console. But, just to have some fun, a smartphone is all you need. This is especially true today since the smartphone ecosystem is hugely evolved both on the hardware but also the software front. Everybody’s got a smartphone capable of running games.

And, what’s even more advantageous is that you don’t even need to update your device yearly to keep up with the rate of game development. There are a lot of gaming niches such as gambling that don’t require a high-end, dedicated gaming phone to output an enjoyable experience. You can play games like the Gaminator free slots from a large variety of devices, without worrying about performance.

Casino games might not be as complex as some PC games but these smartphone apps can surely be a lot of fun. In an online casino, you have access to a huge resource of individual games, from slots to card games and everything in between. And, all this can be accessed from a single app or website.

This further provides comfort to users, making gaming a more attractive entertainment option for people.

Streaming

Video streaming services make a compelling case for switching from your usual TV subscription to something digital. Netflix is king but HBO GO is also great when it comes to movie or TV-show streaming. YouTube is also gaining popularity in this space. YouTube is the best option for watching free content but they also want to disrupt the classic TV streaming services now, through their YouTube TV platform.

The best part is that you can access these services from a computer, or a phone while on the go, making TV available at any time of the day.

Delivery Services

Delivery services are one of the most comfortable ways of having fast access to something. Whilst some people love shopping, many hate it. The hunt for products in confusing store aisle, the long queues, and the infernal traffic back home all take away from your free time.

But, services like Uber and Lyft are here to solve this problem. Initially, they disrupted the transportation industry but they are also aiming to revolutionize the food industry by providing people with food at their doorstep. Grocery delivery services are also emerging on the market, making pretty much anything available in a comfortable format.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Business

The Ultimate Guide to the Essential Social Skills in Business

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Effective communication and strong relationships are essential for success in the workplace. One factor that can greatly influence these qualities is emotional intelligence, often abbreviated as EQ. EQ refers to the ability to identify, understand, and manage one’s own emotions, as well as the emotions of others. Research has shown that individuals with high levels of EQ are better equipped to handle stress, communicate effectively, and work collaboratively with others (Chamorro-Premuzic & Sanger, 2016).

Research has consistently shown that emotional intelligence (EQ) is an important predictor of job performance and success in the workplace. EQ is comprised of a set of skills that allow individuals to recognize, understand, and regulate their own emotions, as well as the emotions of others. In addition, individuals with high EQ are better able to communicate effectively, build relationships, and navigate complex social situations. As a result, they are often viewed as effective leaders and collaborators, and are more likely to achieve their personal and professional goals.

In fact, a number of studies have demonstrated the significant impact that EQ has on job performance and success. For example, one study of 85 upper-level managers found that those with higher EQ scores were rated as more effective leaders by their subordinates (Law, Wong, & Song, 2004). Another study of 151 employees found that those with higher EQ were more likely to be promoted within their organization over a five-year period (Carmeli, Brueller, & Dutton, 2009). These findings highlight the importance of EQ in the workplace and suggest that developing these skills can lead to significant benefits for both individuals and organizations.

According to a study conducted by TalentSmart, a leading provider of EQ assessments, EQ is responsible for 58% of success in all job types (Bradberry & Greaves, 2009). In contrast, IQ only accounts for about 4% of success in the workplace. This suggests that EQ is a crucial skill set for individuals in any professional field. Fortunately, EQ is a skill that can be developed and honed over time with practice and awareness.

There are several key components of EQ that are particularly important for success in the workplace. These include: 

Self-Regulation: This refers to your capacity to recognize and control your emotions. Sometimes treating them when they arise may be necessary. Understanding how to manage your anger is essential. However, it can also cover how to control the feelings you’ll experience.

Self-Awareness: This implies recognizing and understanding your own feelings. Do noisy places make you nervous? Do other people talking over you make you angry? Knowing these truths about yourself shows that you are working on your self-awareness. Being conscious of yourself is necessary for this phase, which can be more complex than it sounds.

Socialization: This category focuses on your capacity to manage social interactions and direct relationships. It doesn’t entail dominating others but knowing how to work with others to achieve your goals. This could entail presenting your ideas to coworkers, leading a team, or resolving a personal disagreement.

Motivation: Strong motivators include external forces like money, status, or suffering. Internal motivation, however, plays a significant role in Goleman’s concept. By doing so, you demonstrate your ability to control your cause and initiate or continue initiatives of your own volition rather than in response to external demands.

Empathy: It’s equally critical to be sensitive to others’ feelings. This may entail learning to identify different emotional states in individuals — for example, can you tell the difference between someone at ease and someone anxious? — but it also requires comprehension of how other people may react to their current situation. Empathy is one of the essential traits in business and business leadership.

A thought leader in this space, Michael Ventura has built a career advising organizations on the importance of emotional intelligence in the workplace. In his book, Applied Empathy, Ventura highlights the value of empathy in business and provides strategies for developing and applying this skill set. With two decades of experience as a leader, facilitator, and educator, Ventura’s work has made impact in with prestigious institutions such as Princeton University and the United Nations as well as corporate clients such as Google and Nike.

Through his work, Ventura advises leaders to focus on the development of EQ in order to help individuals improve their communication, collaboration, and leadership skills, ultimately leading to greater success in the workplace. Experts like Ventura continue to support the growing body of research on the value of EQ in business, and the evidence that organizations who invest in the EQ of their teams help to create a more empathetic and successful professional environment.

And it’s worth noting that EQ isn’t just important for individual success in the workplace, but also for overall organizational success. A study by the Center for Creative Leadership found that EQ was a better predictor of success than IQ or technical skills in the workplace, and that teams with higher levels of EQ tend to be more effective and productive (Boyatzis, Goleman, & Rhee, 1999). By cultivating a culture of empathy and emotional intelligence, organizations can improve their overall performance and create a more positive work environment for their employees.

In conclusion, emotional intelligence is a crucial component of success in the workplace, and individuals and organizations alike should prioritize the development of these skills. The ones that do not only develop a leading edge in their category, but also become a meaningful place to work for their teams. And in today’s rapidly changing talent landscape, the retention of highly capable, emotionally intelligent leaders is one of the greatest keys to unlocking success.

References:

Boyatzis, R. E., Goleman, D., & Rhee, K. S. (1999). Clustering competence in emotional intelligence: Insights from the emotional competence inventory (ECI). In R. Bar-On & J. D. A. Parker (Eds.), Handbook of emotional intelligence (pp. 343-362). Jossey-Bass.

Bradberry, T., & Greaves, J. (2009). Emotional intelligence 2.0. TalentSmart.

Chamorro-Premuzic, T., & Sanger, M. N. (2016). Does employee happiness matter? Journal of Organizational Effectiveness: People and Performance, 3(2), 168-191.

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