Washington Business Report - March 9, 2014
Natural Gas could be part of win-win for U.S., Ukraine: expert
"I think the business community should be very concerned about what's going on in Ukraine right now," warns a former Pentagon spokesperson.
Ever since pro-Russian troops infiltrated Crimea last weekend, business leaders are watching to see how a military situation completely out of their control will affect their bottom line here at home.
"The White House could look for a win-win, to help the U.S. business sector and to help Ukraine," says J.D. Gordon, Executive Director of Protect America Today. He cites liquid natural gas as one example of an industry that could be proactive and profitable while helping Ukraine as it struggles to stay strong.
"Right now, there's a surplus in the United States due to hydraulic fracturing -- fracking…and the market force is saying if only we could only have the Department of Energy approve these export licenses, it would help Ukraine as well," Gordon told Washington Business Report.
Georgetown aims high with gondola idea
The head of the Georgetown BID, or Business Improvement District, says he has plans to help fund a study for an aerial gondola which would carry visitors over the Potomac River in a way that ski lifts transport people.
Joe Sternlieb, C.E.O. of the Georgetown BID, says he is talking with Rosslyn BID decision-makers about doing a study about the viability of a gondola project.
BIDs are special tax districts where property owners agree to pay additional taxes to fund activities to improve the business climate and amenities in their area.
In places like Georgetown and Rosslyn, BIDs are the public-private partnerships work to figure out what distinguishes their region, and then capitalize on those differences to protect investments and improve property values, says Mary-Claire Burick, Executive Director of the Rosslyn BID.
Hot business commodity: emotional intelligence
Approximately 85-95% of the difference between a good leader and an excellent leader is related to emotional intelligence, says workplace expert Mary Abbajay.
EI is our learned ability to identify, understand and manage our emotions and those of others, and tends to increase with age, experience and attention, she says.
According to the Center for Creative Leadership, the most common reason managers fail is poor interpersonal skills and organizations with enhanced EQ leadership had 50% less turnover and 38% more productivity.
Self-management is one of the four key components of emotional intelligence, says Abbajay, head of Careerstone Group.
"This is basically self-control, the ability to manage or control your own emotions, internal states, impulses, and reactions. It means being 'choiceful' in your interactions with and reactions to others. People with the ability to self-manage are perceived as trustworthy, conscientious, adaptable, Innovative, and optimistic," she says.