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Balanced Professional Networks More Important Than Individual Talent in Terms of Decision Making

"Resolving that conflict frees up mental energy to make better decisions and perform at a higher level"

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decision making, talent
Researchers found that workers gravitate toward a state of balance in their relationships and performance improves when there is a high level of balance. Pixabay

Researchers have found that balanced professional networks are more important than individual talent when it comes to high-risk decision making.

The study, published in the journal Nature Communications, is the first longitudinal study to prove several key tenets of structural balance theory (SBT), which consists of four primary rules for relationships among individuals– a friend of a friend is a friend, a friend of an enemy is an enemy, an enemy of an enemy is a friend and an enemy of a friend is an enemy.

Through a two-year study of day traders, the researchers found that workers gravitate toward a state of balance in their relationships and performance improves when there is a high level of balance.

talent, decision making
They found that the traders with the highest level of balance in their networks also made the best trades, regardless of the objective level of talent of any individual trader. Pixabay

“This data shows that companies reap the benefits when conflict among employees is reduced, there are certain types of conflict that can’t resolve themselves. This work can help managers identify those conflicts and actively step in to resolve them, ultimately leading to better performance,” said Brian Uzzi, Professor at Northwestern University in the US.

ALSO READ: Study: Friend Circle More Predictive of your Overall Health and Wellness than Fitbit Watches

For the study, researchers analysed day traders’ instant messages from 2007 to 2009 to determine the relationships among traders and compared those relationships to performance data for individual traders, controlling for factors, including market volatility and work days.

They found that the traders with the highest level of balance in their networks also made the best trades, regardless of the objective level of talent of any individual trader. “We suspect that conflict in networks monopolizes some portion of workers’ mental energy,” Uzzi said. “Resolving that conflict frees up mental energy to make better decisions and perform at a higher level,” Uzzi added. (IANS)

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Samsung India to Hire More Talent Across Verticals

In the premium segment, Samsung India saw a massive jump in the first quarter of 2019, clocking 68.9 per cent market share (by volume) and 65.9 per cent (by value), riding on the success of Galaxy S10 series

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samsung
To get ahead in the fast-changing tech industry, Samsung said it will expand investment in burgeoning tech segments to propel growth. Wikimedia Commons

Samsung India on Tuesday said that after generating 2,000 new jobs in the past one year, the south Korean giant would hire more talent across verticals throughout the year as it “continuously realigns resources” as per business priorities.

Reacting to a media report that said Samsung is slashing 1,000 jobs in India in the face of stiff competition from Chinese companies, the South Korean tech giant said the report is “misleading”.

“As we contribute to job creation, we continuously realign resources as per business priorities to make our business more robust and efficient for long-term success,” a Samsung spokesperson told IANS.

Samsung’s profit growth has remained under strain since 2017-19 with Chinese companies such as Xiaomi and OnePlus eating into its share in the India smartphone business.

The company’s net profit in the 2018 financial year fell 10.7 per cent to Rs 3,712 crore while total income grew at a similar pace to Rs 61,065 crore, said the report in a leading business daily that cited disclosures with the Registrar of Companies (RoC).

In the TV market too in which Samsung continues to to be the largest player, Chinese companies have started making inroads.

Samsung, however, stressed that its business in India continues to grow and expand.

Smartphone, tablet folded phone
DJ Koh, president and CEO of IT and Mobile Communications, holds up the new Samsung Galaxy Fold smartphone during an event, Feb. 20, 2019, in San Francisco. VOA

“We have demonstrated our commitment by building the world’s largest mobile factory in Noida, investing in local R&D and we are exploring new businesses such as 5G Network, among others,” said the spokesperson.

“In the past one year, we have generated 2,000 new jobs at Samsung. Samsung India’s business continues to grow and expand, hence we will hire more talent across businesses through the year,” the spokesperson added.

The company said on Monday that the Indian market is expected to give the company a big opportunity to improve its 5G presence and it would launch 5G in India once telecom operators are ready to work with it.

Also Read: Novel Method to Let Gamers Communicate Using Their Minds

In the Indian smartphone market, Samsung has launched two successful series — ‘M’ and ‘A’ — this year. It sold a record five million units of Galaxy “A series” phones in just 70 days, starting March 1, achieving $1 billion revenue.

The company has so far launched six models in the Galaxy A series — Galaxy A50, A30, A20, A10, A70 and A2 Core — and aims to make Galaxy A series a $4-billion brand in India this year.

In the premium segment, Samsung India saw a massive jump in the first quarter of 2019, clocking 68.9 per cent market share (by volume) and 65.9 per cent (by value), riding on the success of Galaxy S10 series. (IANS)