AUGUST - 2007

   IN THIS ISSUE
 
Why Teamwork Usually Doesn’t
As I entered high school, most of my experience playing basketball was in neighborhood backyards and gyms after hours. In this environment we all learned that some guys were more fun to play with than others. There were always the ‘shot hogs’ that put it up every time they got their hands on the ball. There were those who crashed into anyone in their path. And there were those who criticized every misplay by another player on their side for the day. So when I went out for basketball, I was really joining my first ‘team’. As I looked around at those of us who made it, I was surprised at those not present. Many that were the best backyard players were not on the team. Why were those ‘gunners’ that could hit from anywhere not on the team? The coaches obviously felt that these guys didn’t fit into a team environment no matter how well they could shoot.

So a ‘team’ was something more than an aggregation of talent. Somewhere over the years management theorists grabbed hold of this distinction when looking at organizational dynamics and ‘teams’ and ‘team-building’ became a discipline of its own. Google it and choke the Internet with over 316 million references and nearly as many advertisers. Anything this popular must be the solution to everything! One writer, Patrick Lencioni, says that more than a third of the Fortune 500 companies claim on their web sites that ‘teamwork’ is a core value of their company! So there we have it. Teams and teamwork have reached the ultimate reverence: A means has become an end-in-itself.

But back to the real world, many of us in business have been a member of a team or have seen teamwork in action only to come away wondering how they are any different than those ‘workgroups’ in years past. It turns out that building a team isn’t so easy. Just ask coaches at every level and they will tell you that molding a group of players into a functioning unity, a team, is a job in itself. At the heart of a team is trust, absence of ego, healthy conflict and commitment and submission to the collective. This is hard stuff. In fact that’s what all of those basketball practices are about. Getting ‘stars’, in basketball or management, to give it all up for the team just doesn’t happen that often. Most of those talked about ‘teams’ are really just workgroups by another name. Call them what you will but do you really have time for all that practice? For an in-depth discussion of teams and team building, CLICK  MORE
 
Tracking Green House Gas Emissions
The Climate Registry is a collaboration aimed at developing and managing a common greenhouse gas emissions reporting system. It will provide an accurate, complete, consistent, transparent and verified set of greenhouse gas emissions data from reporting entities, supported by a robust accounting and verification infrastructure.

Illinois is one of 38 states participating in the Registry which is expected to become the standard for tracking GHG emissions in North America. Businesses and organizations can join in the important mission of the Registry and submit emissions data beginning in January, 2008. Participation will be promoted in a national press campaign.

Mark your calendar and attend a briefing on the Climate Registry on September 18th from 10 am until Noon in Rosemont, Illinois. The meeting will give your company a chance to provide input into the technical framework being drafted before it is opened for public comment this fall. For additional information, go to www.theclimateregistry.org. RSVP the IEPA to Deirdre.McQuillen@illinois.gov or call Deirdre at 217-558-0073.
 
You Can't Beat This Return On Investment
As an Illinois business manager, you know that new legislation and an ever changing legal environment impacts your company. Failure to be on top of these new issues and requirements can be costly. The Chamber can help you better manage your business. We offer an extensive catalog of seminars presented by outstanding business experts and leading practitioners. Get out your calendar and look at the business opportunities offered by our seminars this Fall. For a quick list and registration information click  MORE
 
Stock Tips from the Neighborhood
There’s plenty of investment advice out there but Americans apparently covet their neighbor’s investment insight. University of Illinois researchers studied the stock purchases of over 35,000 individuals and found they tended to follow the purchases of their friends and neighbors. This ‘neighborhood effect’ was particularly strong with respect to investments in companies located within 50 miles of the investor. Population density also exaggerated this tendency as social networks in large metropolitan areas made investors even more likely to follow in the path of their neighbor. These findings were contrary to investment habits in other countries. In China investment choices were found to be influenced more strongly by locally available news. In Finland investors looked at the ethnic background of a company’s CEO. More than 2.5 million purchases were included in the study across 14 industries.
 
Women Entrepreneurs: The Immigrants Are Leading
According to a report by Intuit, immigrant women are ahead of their domestic born counterparts in starting new businesses. The report says forty percent (40%) more foreign born women began a business over the past three (3) years. What is driving this entrepreneurial energy? These new business owners are seeking greater flexibility in raising their children and ways to avoid the barriers of a traditional job search. Immigrants can also benefit from what would otherwise be a disadvantage by turning to the global marketplace. Capitalizing on their language skills and connections with both foreign suppliers and customers, they enter the business world with strong positives supporting their ultimate success.
 
Current Economic Indicators
 
Illinois Chamber HELPLINE
Knowing what you can and can't do will help you prevent costly mistakes. Call our staff of HR experts. Let Pam Holleman help you deal with problems safely and avoid disputes. You can reach the Helpline toll-free at 800-322-4722.
 
Business Services
Your membership in the Illinois Chamber pays! We offer valuable programs and services to our members at special discounts. Click here to see the many posters and HR reference materials available from the Chamber to help you run your business. While you're there, don't miss our growing list of "Can't Be Beat" seminars and workshops designed especially for you and presented by experts and leading practitioners in the field. Don't see what you need? Contact Gloria Guy, VP of Business Services. We're here to serve you!
 
News from the Chamber
Chamber President and CEO, Doug Whitley, has announced the promotion of Candace Gerritsen to the position of Associate Vice President for Operations. Candace has previously served as Executive Administrative Assistant to the President. In her new role Candace will report directly to Michael Ayers, Executive Vice President and Chief Operating Officer (COO) as she assumes expanded administrative responsibilities while continuing her work with the president and her oversight of much of the Chamber’s Chicago Office operations.
 
Support Your Guard & Reservists!
The Chamber urges all Illinois employers to recognize their Guard and Reserve employees by signing and displaying the ESGR Statement of Support. To get yours, simply complete an online form and you will receive a personalized certificate that demonstrates your support. Click here for answers to Frequently Asked Questions (FAQ's) for employers and reservists. Also visit the SBA Veteran's Business Development web site for assistance to small business owners that have employees activated in the Guard or Reserves. Click  MORE

The Exec Report - Copyright © 2007 The Illinois Chamber
Wood S. McComb, Editor
Debra McCarver, Director of Communications