2020 july
www.tycoonsuccess.com
10 THE
Best Performing
CEO's of 2020
Sam Khashman
ImagineSoftware
Editorial Note Making a Dierence with a New Outlook
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We usually picture a CEO as a formally dressed person seated behind the glass doors with limited access or a proďŹ cient leader who addresses the employees at conferences or public events. Well, not anymore. The deďŹ nition of CEOs has surely changed over the years. CEOs today are interested in the growth and development of their employees. They know that the company will grow with the growth of its people. Perhaps, that is why these leaders are known as Inspiring CEOs. Tycoon Success has put together a compilation on of the success of such awe-inspiring CEOs who believe in not only leading the genera on to success but empowering them to redeďŹ ne success. The issue titled, “The 10 Best Performing CEO’s of 2020â€?; appreciates the hard work and dedication on of these eminent leaders. Featuring as our cover story is the success story of Sam Khashman, CEO of Imagine Software. Sam shares his impressive experience with us highlighting the highs and lows of the business world. The article also focuses on the success strategies and inspiring thoughts of Sam that helped him through the challenges. Sam is a successful CEO today and is living his dream every day, with contentment. We have also highlighted the professional success of renowned CEOs of varied industries who have climbed the ladder of success despite the challenges. Inclusive are the success stories of Marc E. Rippen, CEO of Alertgy, Jennifer Desloges CEO of Jade Clinics, Jordan Meinster CEO of PickUp USA Fitness We have also highlighted the professional success of renowned CEOs of varied industries who have climbed the ladder of success despite the challenges. Inclusive are the success stories of Marc E. Rippen, CEO of Alertgy, Jennifer Desloges CEO of Jade Clinics, Jordan Meinster CEO of PickUp USA Fitness Tycoon Success is privileged to provide a platform of recognition to all these great leaders who ignite a ame of passion in every emerging CEO. Thanks you! Tycoon Success Magazine
COVER STORY
Sam Khashman
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A FINE EXAMPLE OFDYNAMIC LEADERSHIP: JADE CLINICS’S
PICKUP USA FITNESS: REVOLUTIONIZING THE MONOTONOUSNESS OF FITNESS WHILE SATISFYING THE DEMANDS OF BASKETBALL ADMIRERS
CREATING A PATH TOWARDS AN ENHANCED BLOOD SUGAR MONITORING WITH ALERTGY
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The Healthy Tips-Ahead for a Business Trip
The Mindsets and Practices of the world’s Best CEOs
Identify Human Resource Competencies for Strategic Human Resource Management
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SAM KHASHMAN CEO
Success comes through ambition, a hard work ethic, inspiration, and motivation. The words of great
business leaders showcase the tools they have used to inspire their team. A team should hold onto the vision of their business persistently; having a few phrases or words that motivate you to work harder to achieve maximum growth can give employees the support they need to thrive. Having a leader to look up helps the team to concentrate, and avoid making the same mistakes they did. Every team needs a helpful nudge every once in a while, Sam Khashman is one of the inspirational entrepreneurial personalities and business leaders, whose story gives people the incentive to push for success. Originally founding Technology Partners, Inc. (dba ImagineSoftware) in 2000, Sam Khashman made his vision of developing workflow centric systems a reality. He leveraged his 20+ years of experience in executive leadership and extensive background in systems integration, process efficiency, and imaging systems to develop ImagineSoftware’s revenue cycle management system (RCM). He is well recognized in the healthcare industry for combining complex processes into efficient, single system solutions. He has led the development and commercialization of more than 20 software products in all 50 states, serving more than 200 million American patients.
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THE PROTAGONIST, MAKING A SIGNIFICANT DIFFERENCE IN HEALTHCARE WITH IMAGINESOFTWARE TAKING CLIENT’S NEED TO HEART Since the beginning, ImagineSoftware has been striving to meet the needs of clients. Their feedback has helped the company to create the path their product offerings have taken. Whenever ImagineSoftware can develop a new product, utilizing partnerships to bring solutions and solve problems for clients. Here, clients drive success and they take their needs to heart. That is why; they have been able to appeal market-wide by truly providing a system focused on making medical billing easier and more profitable for all individuals involved.
“Imagine is not just a company, we are a family and we’ve all formed a cohesive sounding board to drive innovation within our organization. Working in an environment that inspires suggestions and opinions for project improvements, learning and respecting each other,� asserted Sam.
COMPANY’S FUTURE PERSPECTIVES Stay at the forefront of new developments has become a priority today. “I see taking ImagineSoftware to the next level by leveraging smarter technology by designing new tools that will continue to differentiate us within the industry. Continued growth in mind, we plan to add strong resources to our team while continuing to expand our research within healthcare. Additionally, leveraging new and existing partnerships to give our clients the solutions they need to navigate healthcare billing in reimbursement effectively,” explained Sam.
GREAT ACCOMPLISHMENTS There have been many great accomplishments throughout the journey. Creating a culture second to none and watching ideas put into action to create what Imagine is known for today, to start. The medical industry is only just beginning to realize what the future could bring. Artificial intelligence alone will pave the way for great things and Sam and his team look forward to participating. He shared, “We will continue providing solutions that make it easier for our clients to do business. Imagine will continue growing by leaps and bounds, ultimately becoming a household name in healthcare while staying true to the core values and beliefs we have held from the beginning.”
OVERCOMING THE HICCUPS In this modern business, everything moves fast and organizations that remain stagnant don’t last. That is a simple fact of the world. A company should not settle for small improvements. “To stay competitive, we regularly need to undergo performance transformations to make sure we remain agile in our market. I try to make sure that during times of transformation, I am leading the charge to make the transition meaningful. I want my team to understand the bigger picture: why these changes are happening, how it will help make us better, and ultimately, how it will improve the service we provide our clients. If I don’t practice what I preach why should they? My role is often more visible than most, which makes it imperative to harness my team and inspire change when necessary, but everyone plays a role in transforming the way we do business,” stated Sam.
SECRET SAUCE- MAJOR LEADERSHIP PRINCIPLES Truly caring about clients and delivering custom software solutions with the utmost value help create the secret sauce behind ImagineSoftware. The company practices servant leadership, listening to the needs of others and doing what they need to take care of them. With forward critical thinking, ImagineSoftware views its comprehensive RCM solution (powered with AI) and unparalleled servant leadership approach as key differentiators to overcome historical RCM solutions in the healthcare industry.
DEFINITION OF SUCCESS Success can take on many forms. For Sam, success is when accomplishments are celebrated with Imagine. He believes developing a leader’s growth of mind and recognizing hard work and dedication along the way is important. This encompasses everyone, not only those who work for him but those who he works for as well.
NEW IDEAS IMPLEMENTING IN THIS POSITION There is more opportunity than ever to capitalize on success while realizing huge goals. Sam and his team have a simple plan, they listen and generate. They follow trends and take note of major events that will impact business, and then adapt to accommodate. Expanding farther within the healthcare ecosystem, Sam is planning to add several resources to his team in the coming years to accomplish this. The ‘cutting edge’ aspect of ImagineSoftware is the ability to continuously learn from existing practices. This drives innovative development and creates intelligent automation that helps clients achieve optimal performance with measurable results.
LEADERSHIP STYLE AND SKILLS The company was expanding, and Sam had to take the next step. He trusted his team in their abilities. Becoming more transparent and encouraging two-way communication, he had to stop simply handing out work but instead start providing direction. Changing the personal mindset from manager to leader is difficult in both realization and acceptance. He had to question his abilities, acknowledge his weaknesses, and focus on the direction he wanted to take the company. In doing so, he truly feels that he has been able to provide a level of leadership that encourages a team mentality.
VISION AND FACTORS FOR THIS SUCCESSFUL JOURNEY Sam Khashman shared, “Becoming a leader like almost anything in life takes practice. Despite the phrase ‘born leader’, no one is born knowing how to lead, it’s developed over time. This is true for my life. I knew I had great ideas and I wanted to bring them to life. I was pretty good at communicating those ideas with energetic passion and hoped to sell on that. Practicing leadership and self-awareness took time to realize my strengths and weaknesses for leading others.” “When you first start building a company, everyone is working hard towards the same goal: to create a sustainable and viable product line and managing this process became front of mind. Over time, with growth and success, priorities shift, and this is when a true leader is needed. I am continually evaluating my actions to make the best version of myself I can,” he further added.
CHARACTERISTICS OF A BUSINESS LEADER A leader should make sure his words, beliefs, and actions match. Leaders should be decisive while employing critical thinking skills to determine the information to build an opinion. As the top executive, a person should always care for his team members just as much as he should care about other people. Practicing servant leadership and building strong relationships with clients, partners, and co-workers, while remaining grounded is crucial to the success of an organization.
A FINE EXAMPLE OF DYNAMIC LEADERSHIP: JADE CLINICS’S
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Our strategy is through educating the client to get them in the door and provide great service when they are a client
In this modern age, women are not only flocking to the world of entrepreneurship- they are trailblazing it. Be it healthcare, education, technology, retail, women are trooping out of their comfort zones and emerging as leaders and change-makers. And Jennifer Desloges is the perfect reflection of the world’s emerging business leaders. Not everyone secures a well-cushioned position and a family business; some invest their dreams, visions, and seat to drive their entrepreneurial realm. Jennifer Desloges is the CEO of Jade Clinics, a renowned name of franchising for permanent hair removal, and helping people to end the torment of unwanted hair and leave them feeling thrilled. The foundation of her leadership journey was taken in 1983 when she gave birth to her first child at the age of 19. Being a mother at such a young age helped progress her life cycle and thrust into owning her own business at 27 years old. But business didn’t fall into her lap; she had to seek it out because of a condition that started to develop throughout her pregnancies. Polycystic Ovaries is a condition in which women can develop male-type hair growth on their faces and bodies. She was ashamed of the hair and felt unaccepted by society until she found electrolysis.
For the first few years of her career as an electrologist, she just worked 1-on-1 with clients before she opened a government-approved vocational electrolysis school in 1996. From recruiting, hiring, to teaching, passing/failing a lot more went into her day-to-day routine then just greeting, working on and taking payments from a client. Now she was in command of a group and training put her in this position to lead, developing skills and mindsets. At this point, she learned to lead by example. Just as the transition to teaching electrolysis was a big jump so was the transition to franchising in 2010. She was now selling individuals on what she created for herself, was a viable option for them to financially support their lives. At this point, she wasn’t just teaching them how to do electrolysis; she was teaching them how to sustain a business. Throughout the years, she has spent numerous hours reading and listening to audiobooks related to business, leadership, and marketing to gain insights. She is a member of a Business Networking International chapter in Richmond; the connections she has made have been another great resource for her business. 14
DIFFERENTIATING FACTORS Unlike other hair removal services, electrolysis is a permanent solution for any person with a hair problem and a desire to change. It doesn’t matter the colour of the hair, the colour of the skin, all that matters is the desire.
“I’ve also spent 30 years developing and redeveloping how we do electrolysis. Never being satisfied and always on the lookout for a better way, I would put my skill or the skills of any of our Jade practitioners against any hair removal method or practitioner in the world. I know we can deliver to levels not found anywhere else,” asserts Jennifer. VITAL ATTRIBUTES FOR BUSINESS PERSONNEL “Know your strengths and weaknesses. Fill the gaps you are lacking and lean on the strengths you possess. And most importantly have the tenacity to work through the hard times and never give up and don’t forget to celebrate when things are great. Specifically, in my industry you have to be a perfectionist,” states Jennifer. MAJOR HURDLE AND ADVICE TO TACKLE THEM Sharing your vision and people buying into it is the biggest roadblock. Jennifer’s advice for overcoming it is to hire a business coach and branding specialist to help nail down your vision and present it understandably. If the goal is accomplishment people will automatically want to be part of your business.
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The Healthy Tips-Ahead for a Business Trip The business trips we plan are not always about endless work and no enjoyment. There is natural tendency to let go, eat, become all laid back, even if it is a business trip, from the exotic fine-dine with clients to experimenting with specials of the city from the food trucks becomes the rave. But amidst this belly hustle for food and eating these delicious food stalls, we forget to realize the fact that everything that satisfies our tongue it just not right for our health. Here are a few tips on how you can pick on if you are on a business trip to ensure that health is not compromised while focusing on your work and fun; â—Š If you are a frequent flyer and know well the kind of food served in flights, it is better to request food accordingly. Go green, avoid cold cuts and frozen meat from the flights these are not good for health. Always prefer low-fat choices, if they only serve snacks, blind off to that entire peanut and chips. Instead, carry some fruits, salads, whole-wheat bread and nuts with you. â—Š Always book your rooms on hotels that provide rooms well equipped with stove, refrigeration, and microwave. Also, when you are on your way to the hotel, look for a local grocery where you can get some fresh natural food. Buy low calories, ready to eat meals that hold low sodium and fat contents. 18
◊ If you spend too much time on business trips, shying away is not your option. So when you decide to pick any particular place to eat, put across that you are looking to dine in somewhere that provides food that is beneficial for your health. But if you still go to a place that offers a plate full of calories, make the customized request. ◊ Meetings can go long, so stock up on healthy snacks. When you take small amounts of healthy food throughout the day instead of large meals a couple of times a day, you send a kind of signal to your brain that food supply is proper and it is okay to burn through calories. ◊ Drink a lot of water to flush toxins from your body. Water is also helpful in avoiding travel lag and junk food cravings so that you can stay energized on your trip. Take a bottle of water when you look for the second cup of coffee. ◊ When you are going to order your food, ask about the portion size at the restaurant, many restaurants order portions too big to finish. In case, you are already made your order and portion are too big to finish. Get the food packed and eat it later. you spend too much time on business trips, shying away is not your option. So when you decide to pick any particular place to eat, put across that you are looking to dine in somewhere that provides food that is beneficial for your health. But if you still go to a place that offers a plate full of calories, make the customized request. ◊ Meetings can go long, so stock up on healthy snacks. When you take small amounts of healthy food throughout the day instead of large meals a couple of times a day, you send a kind of signal to your brain that food supply is proper and it is okay to burn through calories. ◊ Drink a lot of water to flush toxins from your body. Water is also helpful in avoiding travel lag and junk food cravings so that you can stay energized on your trip. Take a bottle of water when you look for the second cup of coffee. ◊ When you are going to order your food, ask about the portion size at the restaurant, many restaurants order portions too big to finish. In case, you are already made your order and portion are too big to finish. Get the food packed and eat it later. That’s it for now. Treat your business trip like another day at work; it will be easier for you to take care of your health. If you start taking all the trips like a holiday and keeping hogging food, it affects your health badly. Incorporate physical activities and eat healthy to maintain your work with health and benefit you in the end.
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PICKUP USA FITNESS: REVOLUTIONIZING THE MONOTONOUSNESS OF FITNESS WHILE SATISFYING THE DEMANDS OF BASKETBALL ADMIRERS
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A Better Way to Play
Successful PickUp USA franchisees are 100% bought into the concept, offerings, and operating methods of our brand. Franchisees should possess the ability to build a team and properly coach and develop their team to implement our services and meet customer satisfaction goals. PickUp USA Fitness, a true basketball paradise came into existence in 2011 under the leadership of Jordan Meinster. A pioneering concept, Pickup USA Fitness emerged out as a niche player as a basketball-focused fitness club with multiple basketball courts, a full weight room, a brand new cardio room, a luxurious lounge, a retail shop, towel service, and much more. Situated in Irwindale, CA, the company has been providing Full Service Fitness Club, Cardio & Weight Rooms, Group & Private Basketball Training, and Officiated Games of pickup basketball since inception. The concept of franchising was introduced in the year 2016. Now, it is working in 7 locationsChandler, AZ, Coppell, TX, Houston, TX, Irwindale, CA, Madison Heights, MI, Tampa, FL, and Towson, MD.
VITAL ATTRIBUTES THAT EVERY BUSINESS PERSON SHOULD POSSESS Business ownership is a challenging endeavour, and no doubt the most important factor when choosing a franchise is finding something you are passionate about. When you believe in the work you are doing, you will have almost endless energy to grow and develop your business, and you will feel good selling your product and services to your customers.
PickUp USA has a clearly defined playbook for franchisees to follow. The game plan has been developed and franchisees that put in the work, implement the plan and stay focused on growing their club have a high likelihood of success within our system.Just as the transition to teaching electrolysis was a big jump so was the transition to franchising in 2010. She was now selling individuals on what she created for herself, was a viable option for them to financially support their lives. At this point, she wasn’t just teaching them how to do electrolysis; she was teaching them how to sustain a business.
THE INFANCY STAGE Jordan Meinster played PickUp basketball his entire life, and always envisioned a gym that would improve the basketball experience for the millions of players across the country. After close to a decade in financial services, he launched PickUp USA Fitness in 2011 and began franchising the concept in 2016. There is currently PickUp USA Fitness’ operating across the country, including multiple locations owned by NBA athletes. Jordan aims to deliver “A Better Way to Play” to communities across the country and to drive strong financial returns for PickUp USA Fitness franchise owners. 22
JEWELS IN THE CROWN • Voted a top emerging franchise for 2017 by Franchise Gator • Voted the fastest growing & emerging franchise for 2018 by Franchise Gator • Voted the fastest growing & emerging franchise for 2019 by Franchise Gator • Voted the fastest growing & emerging franchise for 2020 by Franchise Gator
VOLATILE TECHNOLOGICAL OR BUSINESS TRENDS PickUp USA Fitness is for basketball lovers. The company aims to provide a better basketball experience - complete with referees - for enthusiasts of the sport who might otherwise have to deal with a tense pickup experience. “That was a unique concept at the time and we just wanted to create a business and a gym that provided a better basketball experience for people,” PickUp USA Fitness president and founder Jordan Meinster said. “There are millions of people across the country play PickUp basketball but typically the experience isn’t great for them. It’s just kind of a scene of arguments and it’s intimidating for people and it’s inefficient, things of that nature. So we created our business to be PickUp basketball with referees. Its timed games. It’s more organized. It’s more efficient. It’s more fun. There are refs out there.”
BATTLES WON IN THE CORPORATE BUSINESS “The development process that brought us from an initial concept to where we are now has been a challenging yet valuable journey. We’ve learned countless lessons through the rough road of trial and error as to how to best meet our customer’s needs and thrive as an independent gym. Name an obstacle and we’ve probably overcome it. From site location to construction, to scheduling, to staffing, to training, to sales; we’ve encountered the whole gamut of challenges and can now confidently implement our tried and true system to fitness entrepreneurs looking to avoid those same pitfalls,” Jordan Meinster shared. “Most importantly, we have learned from the customers and always structured our services based on what the consumers are demanding. After seven years of operating experience, we have a business model in place that has been crafted through experience and adapting to consumer preferences,” he further added.
GAME PLANS TO TACKLE THE COMPETITION "What set PickUp USA Fitness apart are its unique basketball-focused offerings. It provides a fun yet challenging basketball boot-camps and results-oriented private training sessions for their athletes to learn and develop their skills to achieve their goals. Another key differentiator is their organized and officiated PickUp Games. Here, members have the opportunity to play in daily competitive PickUp Games that retains all of the fun aspects of pickup basketball yet cuts out all of the hassles. They combine these basketball services with full weight/cardio rooms and deliver a true full-service fitness club to our members.
THE JOURNEY AHEAD Today, PickUp USA Fitness is less than four years old as a franchisor and can now boast sites in 6 states with additional sites pending in 3 other states. The sky is the limit because basketball is a truly global sport. They envision themselves to be a nationwide brand that will be operating in all 50 states and possibly beyond. The company is focusing on delivering strong unit-level economics at each franchise location and continuing to refine the model to ensure PickUp USA Fitness delivers world-class service to the customers and strong economic returns for the club owners. 23
The Mindsets and Practices of the world’s Best CEOs Every company has one peerless role- CEO. This is the most powerful and sought-after title in business, more exciting, rewarding as well as influential than any other designations. It is said that if the teacher is effective, the players will perform well and the team will accomplish greatly. If the trainer is not organized, respected by his players, the entire team will have to go through bad results. In the way, everyone cannot be a perfect CEO. This major factor that differentiates successful CEOS from mediocre ones is the mindset that each leader presents. The mindset of a person influences his attitude, while the attitudes affect the actions and the results of the organization. When it comes to starting a new business, the importance of a CEO’s mindsets and practices is even more important. In this article, we will explore check the most beneficial minds and practices of the best CEOs out there;
Learn from Others A progressive CEO spends time at the end of each day and learns from other people who have already reached what he is trying to reach. As, it is said that there is nothing new under the sun. Originality is subjective, uniqueness is objective. By analyzing the thought and behaviour of other successful CEOs and by adapting their mindsets, one can be generating unique personal development. 26
Ask Somebody to do Something that You Can Try to be a real example for your team always helps you get respect and a positive reputation. Regardless of the issues and requirements that you are resolving right now, there will always be conventional day-to-day works that are boring as well as tedious. When you show your team that you are doing it you become a role model.
Always Rely on Yourself When you play a role as a CEO, your status often influencer your social behaviour. Best CEOs rely on their own trains to bring excellent performance. Although, they do not feel shy from asking the question, even if they ask their subordinates. Here, you can invest in trainers and mentors who can improve your leadership style.
Experiment in Routine Experimenting is one of the best practices that a CEO can approach. When you are on the progressive path it does not take a long to convert in a big team from a small one. Try new habits and processes to discover new ways to lead the team and produce.
Believe in Teamwork Good CEOs always follow the right corporate strategy, taking in to account the company vision and proper resource business decision. Excellent CEOs also work with the directors for accomplishing the business goals. Employee engagement is an important part of culture building. And finally, good CEOs create their teams.
Last Verdict A person can never stop improving himself. The mindset, the skills and the practices of a leader always affect the overall performance of the company. Every CEO should understand it and take full responsibility for the organization he is leading.
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CREATING A PATH TOWARDS AN ENHANCED BLOOD SUGAR MONITORING WITH ALERTGY
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My ultimate life goal is to save lives by providing millions of diabetics with automated life saving high and low blood sugar level alerts, as well as a means to improve their management of diabetes in real-time
According to the International Diabetes Federation’s last count in 2017, 425 million adults and over a million children are living with diabetes. A further 325 million people are at risk of developing the disease. Luckily, emerging technology makes it easier than ever for patients to take control of their diabetes. The commitment towards delivering an excellent tool to dietetics with highest standards of quality that prevents borderline diabetes from getting the disease has been the philosophy that has always guided, Alertgy. A frontrunner in diabetes prevention, Alertgy is a name synonymous with groundbreaking and world-class value-centric health solution that is focused on transforming how we monitor blood sugar to improve the lives of diabetics. The 30 years experienced and highly skilled technical engineer, Marc Rippen has taken the foundation of Alertgy in February 2016. He has worked for multiple fortune 500 companies, Department of Defense (DOD), NASA, SOCOM, and DARPA commercializing dozens of ground-breaking and revolutionary technologies. Marc holds various degrees across multiple interrelated disciplines including: Microbiological Sciences and
Immunology, Biophysics, Analytical Chemistry, Masters of Aeronautical Science, Management of Engineering and Technology.
“I started Alertgy after I saved my wife Sue from going into a coma from a low blood sugar attack finding her nearly unconscious on the living room couch. I knew then that I had to do something to find a solution to this life or death problem. I was amazed how many people today face the challenge of managing their blood sugar effectively, and the worry their loved ones and caretakers have not known if they are suffering from a low or high blood sugar attack,� Marc shared. DIVERSIFYING ORGANIZATION’S OFFERINGS TO APPEAL TO THE TARGET AUDIENCE Alertgy has started with a large wrist cuff sized system for hospital applications. This is being used to gather clinical data to further optimize the performance of the technology and provide third 30
party validation. The team is developing a smaller consumer-friendly wristband more practical for use outside of a clinical or hospital environment.
COMPANY’S FUTURE PERSPECTIVES The number of diabetics worldwide is 422 million and increasing every day. At this time1/3 of the world’s population is borderline diabetic Alertgy can help people modify their behaviours to avoid becoming diabetic. Like DEXCOM the world's first Continuous Glucose Monitor (CGM) company. Alertgy could be a multibillion-dollar company in a short time.
GREATEST ACCOMPLISHMENT The greatest accomplishment so far in this journey has been the overcoming multitude of roadblocks that have faced team at Alertgy in the last few years. Throughout the research and development process of their non-invasive monitor, there have been hindrances that would have stopped others in their tracks. The goals that Marc and his people have been able to accomplish as a team, and the problems that they have solved give them all more belief that they will be able to accomplish the mission they set out to do, which is to save the lives of diabetics and dramatically enhance their quality of life.
PREPARED FOR THE UPCOMING CHALLENGES? Being a CEO in this environment mean staying above the competition in the industry, by always working to develop state-of-the-art technologies to bring to consumers. This demands that Marc pushes Alertgy to always be on the cutting edge of innovation, leading the way on the path towards revolution and not falling behind.
BIGGEST HICCUP SUFFERED ON THE WAY Marc shared, “The biggest failure I ever had was doubting in my gut what the best solution to a problem was, and not acting on that. In this case, in my first start-up, I felt that I could raise venture money myself, but got convinced to use a shark tank investor that claimed they could raise capital, I wound up raising 80% of the capital, but we had given away most of the company to this dishonest investor. I did not repeat that mistake this time.” MARC’S LEADERSHIP STYLE AND SKILLS
“My team at Alertgy would say I am demanding but an encouraging and supportive CEO. As a former military officer, I always practice what I preach. I believe in the mantra: lead, follow or get out of the way. Being mission-focused, I don’t look for faults, but look for solutions. I do not expect anything from anyone that I would not do myself. I believe in motivation through example and opportunity,” explained Marc while taking about his leadership.
MAJOR DRIVING FORCE BEHIND THE JOURNEY The main drive in this journey with Alertgy is developing a solution so that in the future no family has to go through what countless do every day, and what Marc went through with Sue; the feeling of helplessness that comes with blood sugar attacks when there is no one around to help..
LEADERSHIP PRINCIPLES EXECUTED Some of the core leadership principles are to lead by example, encourage effective communication, facilitate a positive work environment, and work smart to get the most out of every workday and reward hard work. 31
Identify Human Resource Competencies for Strategic Human Resource Management
Competencies are individual characteristics, together with information, skills, abilities, self-image, traits, mindsets, feelings and ways in which of thinking, that accomplish a desired result when used with the suitable roles. With its distinctive target on the worldwide Human Resource community, SHRM developed and extensively valid, with input from over 32,000 subject material consultants, a model that identifies the competencies required to be assured, productive Human Resource experts. According to the SHRM competence Model, 9 competencies are most related to with high-performing Human Resource professionals. Though Human Resource professionals can vary in their proficiency at these competencies supported their level of expertise, experience and chance to develop, they have to develop and demonstrate every competence when staffing the Human Resource function.
The known competencies are listed below, together with a short clarification of what proficiency in this competence might look like:
Human Resource Experience. The information of principles, practices and functions of effective human resource management. people at the very best level of this competence have a powerful operating information of crucial Human Resource functions and incorporate an perspective of continuous learning, the application of best practices and the delivery of custom-made Human Resource solutions.
Relationship Management The power to manage interactions to produce service and support the organization. People at the very best level of this competence demonstrate the power to determine quality in a wide selection of interactions, develop healthy relationships
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that promote individual and organizational success, and build an efficient internal and external network.
Consultation The power to produce steering to organizational stakeholders. People at the very best level of this competence apply inventive problem-solving to deal with business challenges and invite others to approach them with career and organizational issues.
Leadership and Navigation The power to direct and contribute to initiatives and processes inside the organization. People at the best level of this competence build a cooperative atmosphere wherever solutions are generated while orthodox to organizational culture. This competence needs leadership that builds agreement whereas making progress toward amendment.
Communication The power to effectively exchange info with stakeholders. people at the best level of this competence have a full vary of well-developed communication skills that they use to effectively deliver crucial info, gather info, and communicate with others of like and totally different views. Communication isn't restricted to Human Resource topics however rather encompasses the problems and issues of the core business functions.
Global and Cultural Effectiveness The power to value and think about the views and backgrounds of all parties. People at the best level of this competence Human Resource culturally aware and demonstrate nonjudgmental respect for different views. The power to work cross-culturally is well-developed, as is that the ability to boost others' openness to varied opinions and mindsets.
Ethical Practice The power to integrate core values, integrity and responsible ness throughout all organizational and business practices. People at the best level of this competence have developed trusting relationships and Human Resource seen as credible due to their judgment associated with confidentiality, systematically moral behavior and talent to carry to a core set of values whereas creating choices below political and social pressures.
Critical Analysis The power to interpret info to create business choices and suggestions. People at the best level of this competence have developed the objectiveness and critical-thinking skills that enable them to create sound judgments supported on keen analysis, best practices and an understanding of most popular outcomes.
Business Acumen The power to know and apply info to contribute to the organization's strategic plan. People at the best level of this competence have a powerful understanding of the strategic relationship between Human Resource and also the core business functions. This understanding, combined with an understanding of the general business atmosphere and also the varied levers that have an effect on the organization's success, create this Human Resource professional a valuable contributor. These competencies are often developed and demonstrated by Human Resource professionals at each level from entry to executive. SHRM provides very important info for measurement and raising these competencies in the competence Model, also as a more complete list of the sub competencies supporting each, which can be valuable to any Human Resource professional. 33
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