Smart Business

Misha Malyshev: Getting your business past early struggles

Misha Malyshev founded Teza Technologies in 2009 and has since opened up four offices in addition to the headquarters in Chicago. This level of growth is difficult for new businesses, which often face a variety of early struggles. His latest column for Smart Business Chicago features a few key lessons for new businesses.

I can’t overstate the power of positive thinking when building a successful business. The critical blend for an executive is to set ambitious, bar-raising standards while maintaining realistic expectations and an optimistic outlook. The New York Times recently published research detailing the benefits of this approach. When leaders exude confidence and positive energy, employees stay calm, motivated and focused, and naturally this has a positive impact on the company’s bottom line. Gallup research has shown that work units scoring in the top half on employee engagement nearly doubled their odds of success compared with those in the bottom half.

Read more of Misha Malyshev’s column.

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Smart Business Column: Why supporting STEM education in your industry is good for business

Misha Malyshev recently had a column published by Smart Magazine Chicago which explains the importance of supporting STEM education within your industry. Malyshev has previously written for Smart Business, publishing a piece outlining why recruitment should play second fiddle to retention.

In his new piece, Malyshev breaks down how STEM helps business.

“Our nation’s scientists, engineers and innovators have driven the achievements that are positioning the U.S. as a global leader. With fewer American students pursuing expertise in the fields of science, technology, engineering and mathematics (STEM), and a shortage of teachers skilled in those subjects, our leadership position is vulnerable.

It is imperative that American students move from the middle to the top of the pack in science and math, and we must increase the number of proficient students and teachers in these vital fields.
To accomplish these goals, enterprises need to partner with nonprofits, civic groups, policymakers and educational institutions to support the effort. STEM education is good for businesses across industries for a multitude of reasons.”

He goes on to make his argument by breaking it down into four points:

  • Encourages problem-solving
  • Creates opportunity through exposure
  • Allows people to move forward
  • Improves critical skills

Click here to read the rest of the piece by Misha Malyshev.

Misha Malyshev Featured In Smart Business: Retaining Coveted Talent

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Recently Misha Malyshev was featured in Smart Business Magazine. In his column, Misha discusses the important role of quality employees in the success of organizations today and brief analysis of McKinsey and Co.’s concept “War for Talent”. This “war” has since evolved from obtaining quality people to retaining the top talent. Misha outlines the measures needed by companies, especially those in highly competitive industries, to cultivate, challenge and satisfy their top talent:

“Determine skills beyond paper qualifications
Education and experience are often viewed as key determinants of a candidate’s ability to perform a job. It is also imperative, however, to define personality traits and unique skill sets that will work well within an organization’s culture and business model, and that will allow the candidate to thrive once hired. For example, creativity, adaptability and a passion for in-depth problem-solving are characteristics that, while not always immediately apparent on a resume, may be a key factor in the difference between a good candidate and a great one. Defining these more abstract qualifications for your particular company and developing an interview technique to screen for them is no doubt a difficult endeavor. But it is also one that will pay off exponentially.

Customize each challenge
Often, high-potential employees are underutilized in roles that don’t best suit their particular strengths and/or personal motivations. This can lead to frustration for all parties involved. Instead of collecting talent for talent’s sake, it is critical to analyze a star performer’s best fit within your organization. In any industry, there are an infinite number of problems to be solved or processes to be improved upon. These can be customized to best suit each individual. The right breed of talent craves this kind of challenge, and will find tremendous satisfaction in the pursuit of a tailor-made goal.

Create opportunity ASAP
Newer talent is particularly sought after in highly competitive industries. It is extremely important to nurture these individuals, and to provide coaching and other educational opportunities. Team structure can play a pivotal role here. Pairing new talent with more senior team members is a great way to further the new hire’s education while also exposing senior members to a different, fresher approach. Immediately providing this kind of guided opportunity for new talent helps them to develop relationships within the company, find mentors and ultimately become more engaged with and committed to the company for the long term.

Set the stage for greatness 
Identifying and developing employees’ strengths and customizing challenges to capitalize on their unique skill sets creates the opportunity for greatness to be achieved. The desire for greatness and belief in its possibility will not only lead to professional fulfillment, but also to groundbreaking solutions that can transform a company. Productivity will abound, and satisfaction for both the individual and the organization will inevitably follow.”

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