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Are managers at risk in an AI-driven future?

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Business leaders are there increasingly fearful on the destructive impact of artificial intelligence on the longer term of labor. Many employees fear losing their jobs, but their anxiety also stems from the concept that artificial intelligence will make decisions about their jobs. Should we worry in regards to the future with robot managers? Are managers themselves at risk of losing their jobs?

The short answer is: no. However, this doesn’t mean that the established order will remain unchanged. The development of artificial intelligence is changing our world management expectations. Some suggest this may lead to a more people-centred approach to skilled relationships and a shift towards collective interests.

Our research on management history explains why it is feasible that AI-powered management needs people managers greater than resource managers. More AI in management seems to require less hard skills but more soft skills from decision-makers. We will probably differentiate less between managers and leaders. With AI, the highest priority for anyone in a leadership position becomes making others feel like they belong, facilitating interactions, and enabling followers to succeed. Our findings even suggest that the longer term of management has already begun.

The evolution of management

The concept of “management” has evolved significantly over time. Using historical texts, we traced five distinct periods of perceptions of “management,” each of which involved some type of hierarchy. However, there are differences as to who’s the managing agent, what the thing of management is, and the way the hierarchy is justified.

The verb “to manage” has Latin roots in the word , which comes from (meaning “hand”). Initially, it referred to manually leading the horse. In the sixteenth century, its use moved from an agricultural to a civilian context. During this time, people managed animals, people and even weapons, but all the time through direct physical contact.

Later, a noun referring to negotiation or decision-making processes appeared. This meant a growing distance between the person managing and the managed item. In the 18th century, this idea was further reified. “Management” has come to explain the group of people that run an organization. This use became especially visible in the era of increased urbanization and the commercial revolution.

The fourth period of management, resulting from the Americanization of the concept, consolidated the role of the manager as an efficiency expert. According to the philosopher Alasdair MacIntyremanagers weren’t expected to have moral authority; as an alternative, they were expert technicians focused on converting resources into profits. This evolution forms the idea of the hierarchical relationship between managers and people they manage. Management can happen at any level of the organization and it’s the manager’s knowledge of efficiency that justifies his power and authority. It is assumed that a higher-level manager has more management knowledge than a lower-level manager. Because this performance knowledge could be learned in business schools, individuals can acquire more of it, thus moving up the hierarchical ladder. In this fashion, the social mobility of recent times, where “everyone can become who they want”, is confirmed in the concept of management as a science.

Tensions in contemporary management

However, there are two points of tension in the fashionable understanding of management. The first concerns scientific claims related to management as efficiency expertise. Unlike the natural sciences, the social sciences have did not make law-like generalizations, which undermines the validity of the expertise claimed by modern management. The second issue concerns the democratic nature of management skills that anyone can learn. These skills come from effort and training, not an innate trait. But as management skills became something anyone could learn, the concept of “leadership” emerged to tell apart senior managers from the remaining.

This change began to reverberate in the second half of the twentieth century. In an article published in 1977 Abraham Zaleznik distinguished between managerial and leadership personalities. According to Zaleznik, a manager is neither a genius nor a hero, but hard-working, intelligent, tolerant and analytical. In contrast, a pacesetter is characterised as an excellent, solitary individual in complete control of himself, which supplies him an almost mystical status in managing those that aren’t like them. We argue that this attitude marks the start of the present fifth period.

The way forward for management in the age of AI

Interestingly, the timing of Zaleznik’s evaluation coincides with the event of knowledge technology, especially the emergence of private computers and their increasing use in the workplace. The evolution of human-computer interaction (HCI) towards artificial intelligence (AI) has exacerbated existing tensions. Initially, HCI research focused on improving interface technology. However, it’s now widely accepted that AI devices can understand us higher than we do – often without our knowledge. This ability is helpful when, for instance, AI detects diseases before symptoms appear, nevertheless it raises concerns about freedom of speech and movement.

The problem is that if managerial power is predicated on scientific knowledge and experience, machines may soon surpass humans in these areas. Without changes, this may lead to a dehumanization of management, in which machines will actually be at the highest of the hierarchy. Artificial intelligence, often seen because the holy grail of optimization, has the potential to outshine human managers.

Opposing this transformation requires justifying the role of humans in management with something aside from knowledge about efficiency. Current leadership discourse suggests such a shift by emphasizing virtue over technical skill emphasizing interpersonal relationships. How might this fifth period develop? Will AI systems “manage” objects and processes, as in the primary period, while human managers give attention to “leading” people? Will this transformation in leadership present itself at all levels of the organization, transforming management into leadership at every level? And what would that mean – a celebration of impulsive direction and authority, rejecting due process and rationality? A type of enlightened authoritarianism?

These outcomes are possible, but so is a more humane approach to management that prioritizes well-being, confidence and inclusion in teams and organizations. The direction in which all this can go depends upon us. Ultimately, the longer term of management is more art than science.

This article was originally published on : theconversation.com
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Business and Finance

First black lottery operator

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Emmanuel Bailey


In a city that pulls thousands and thousands of individuals all over the world, Emmanuel Bailey’s success story began in Washington. He began from humble beginnings, growing up with a single mother and moving from rental to rental throughout town and the Washington, D.C., metropolitan area for many of his childhood. At the peak of the drug epidemic, he saw his hometown affected by crime and poverty, and when he returned from college, his town was considered the murder capital of the country. Yet despite these adversities, he all the time worked hard and looked to a brighter future – a super his mother instilled in him since he was a small child.

As Bailey began his journey to a brighter future, he realized that to achieve success, he needed to pursue a university education. Through these pursuits, he became the primary member of his family to attend and graduate from college. He enrolled at Eastern Kentucky University, earning a bachelor’s degree in business administration. While at EKU, he set out to realize the high level of success his mother expected of him in all areas. After graduating from EKU, he obtained an Executive MBA from the Business School. Robert H. Smith on the University of Maryland.

Emmanuel achieved early success within the financial sector. Over the following 25 years, he rose through the ranks, starting as a branch manager at Citizens Bank of Maryland and ending with vice chairman of Fannie Mae. These roles provided him with invaluable experience as a seasoned entrepreneur and leader. After all the pieces he had achieved at Fannie Mae, it was time to strike out on his own.

Seeing the potential within the lottery industry, Emmanuel founded an operations and management services company to run lotteries more efficiently and effectively. Key service providers (VSC) has management experience in all facets of the state lottery contract, including providing direct supervision and management of lottery agents, retail systems, implementation and maintenance of gaming equipment, and oversight of the performance of the central gaming system. He worked in various positions in state lotteries across the country to achieve real institutional knowledge of the ins and outs of the brand new industry he was entering. Combining his latest knowledge with business sense, he decided to win contracts with the most important names within the industry.

The lottery industry is amazingly competitive, and contracts are sometimes awarded to large national firms. However, as Emmanuel grew his business, hiring experienced staff and expanding VSC’s capabilities, he began to make a reputation for himself as a trusted and talented operator within the industry. He soon partnered with titans in the sector and eventually became the one black business owner to operate a state lottery in your entire United States, in his home “state” of Washington.

But his success didn’t end there.

Bailey continued to hone his expertise, turning VSC right into a multi-million dollar company with over 100 employees. He was honored with the 2020 North American Association of State and Provincial Lotteries (NASPL) Powers Award, which he won based on nominations from the DC Lottery itself. In its nomination, the District of Columbia said Emmanuel “is far from a stereotypical executive… and will ensure that the DC Lottery continues to operate every day and that our company remains profitable into the long-term future.” It continues to grow its business by opening a VSC office in Maryland and searching to expand its geographic reach.

Despite all his success, Emmanuel never forgot his family and his connection to his community. He stays deeply committed to giving back to DC communities. He has donated a whole lot of 1000’s of dollars to varied local DC-based organizations supporting programs comparable to school athletic and humanities departments, educational support and health care. He also served and continues to serve on the boards of many local organizations.

Now Emmanuel looks to the longer term. Always striving to enhance his business, Emmanuel works to enhance operations and improve the efficiency of the DC Lottery, while also giving back to the community and creating more opportunities for young children growing up in circumstances like his own. While his feet are firmly planted within the DMV, his ambitious and entrepreneurial spirit has his eyes on expansion into additional states. He says his best achievement, above all his other achievements, is that he helped his mother retire.


This article was originally published on : www.blackenterprise.com
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David Shands and Donni Wiggins host the “My First Million” conference at ATL

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December is the birth month of David Shands and Donnie Wiggins, friends and business partners. Most people have fun by throwing a celebration. Others imagine it must be catered for. The chosen ones spend the day relaxing in peace and quiet.

Then there’s Shands and Wiggins.

The two decided that the best birthday gift can be to offer individuals with resources for generational wealth through a conference called “My first million”in Atlanta.

It’s a compromise between how their families and family members need to honor them and their desire to proceed to serve others. Shands acknowledges that almost all people won’t understand, and he unapologetically doesn’t expect them to.

“It’s not up to us to convince anyone why we do what we do,” admits Shands.

“I think everyone does what they do for different reasons, and I would just attribute it to a sense of accomplishment that I can’t explain to anyone else.”

He doesn’t need to clarify this to Wiggins because she understands his feelings. Wiggins has had a passion for serving others for so long as she will be able to remember.

“When I was in middle school, there were child sponsorship ads on TV featuring children from third world countries. I was earning money at the time and I asked my mother to send money,” she says BLACK ENTERPRISES.

She recalls how sad she felt for youngsters living in a world with so many opportunities, but at the same time going hungry. Her mother allowed her to send money, and in return she received letters informing her of their progress.

“It was very real to me,” Wiggins says, now admitting she’s undecided the letters were authentic. “I received a letter from the child I sponsored, a photograph and some updates throughout the 12 months. It was such a sense of being overwhelmed and it was something I felt so good about. I didn’t even tell my friends I used to be doing it.”

She carried this sense throughout her life, even when she lost every little thing, including her house, cars, and money. She still found ways to serve and give back, which is the basis of her friendship with Shands.

They each love seeing people at the peak of their potential, and that is what “My First Million” is all about. There can be no higher birthday gift for them than helping others create generational wealth.

What to expect during the “My First Million” conference.

They each built successful seven-figure empires, then train others, write books about it, and launch an acclaimed podcast Social proof.

Now they’re imparting that knowledge through the My First Million conference, an event for aspiring and existing entrepreneurs. Shands and Wiggins need to prove that being profitable is feasible and encourage people to bet on themselves.

“David and I, on paper, are not two people who should have made millions of dollars. Number one, we want (people) to see it,” Wiggins says. “Then we want them to actually get out of that room with practical and actionable steps.”

Both are clear: this just isn’t a motivational conference. This is a conference where people, irrespective of where they’re of their journey, will come away with clarity about their business and what they must be doing as CEOs. Shands and Wiggins want individuals who do not have a transparent marketing strategy or are considering starting a business to also attend the meeting.

“A few areas we will cover are inspiration, information, plan and partnership,” adds Shands. “We will give you 1-2-3 steps because some people get depressed and uninspired. Even if they know what to do, they won’t leave, go home and do it. So we have to really put something into their heads and hearts that they come away with.”

Sign up and enroll for My First Million Here. The conference will happen on December 13 this 12 months. but Shands and Wiggins say it definitely won’t be the last for those who miss it.


This article was originally published on : www.blackenterprise.com
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Operation HOPE on the occasion of the 10th annual world forum

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Operation HOPE Inc. takes over Atlanta for the biggest game in the country dedicated to financial literacy and economic empowerment, Saporta reports.

The HOPE Global Forums (HGF) Annual Meeting 2024 strengthens the crucial link between financial education, innovation and community upliftment in hopes of finding solutions to the problems that stifle challenges around the world.

Organized by Operation HOPE founder John Hope Bryant, together with co-chairs Atlanta Mayor Andre Dickens and U.S. Ambassador Andrew Young, the forums, to be held December Sep 11 at the Signia Hotel, will have fun its 10th anniversary with three days of engagement discussions, observations and forward-looking presentations.

Under the theme “The Future,” Hope Bryant says attendees are looking forward to a “powerful moment in history.”

“Over the past decade, we’ve brought together great minds with daring ideas, servant leaders with voices for change, and other people committed to a brand new vision of the world as we realize it. “‘The Future’ is a clear call to action for leaders to help ensure prosperity in every corner of society,” he said.

The extensive program includes influential and well-known speakers who address business, philanthropy, government and civil society. Confirmed speakers include White House correspondent Francesca Chambers, media specialist Van Jones and BET Media Group president and CEO Scott M. Mills.

“John Hope Bryant and his team have been doing this for ten years, and every year HGF raises the bar,” Young said. “Discussions about the FUTURE are important not only for civil dialogue; they are also essential to bridging the economic divide and solving some of today’s most important problems.”

Atlanta is predicted to welcome greater than 5,200 delegates representing greater than 40 countries.

“I have long said that Atlanta is a group project, and through our partnership with HOPE Global Forums, we are inviting the world to join the conversation,” Dickens mentioned. “From home ownership and entrepreneurship to youth engagement and financial education, HGF will offer bold and innovative ideas to ensure a bright future for all.”

It coincided with the organization’s annual meeting launched one other path to enhance financial knowledge with HOPE scholarships. With three tiers of scholarships – HOPE Lite, HOPE Classic and HOPE Silver – clients could have access to free financial coaching and academic resources.


This article was originally published on : www.blackenterprise.com
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