Mars has received a good deal of attention in recent weeks, not least prompted by the UAE’s own exciting plans to land an unmanned probe on the planet’s surface in 2021. Elon Musk’s SpaceX has also created quite a stir of excitement, with the confident suggestion that a manned flight to Mars could be attempted in the next decade or so. The eventual idea – that a colony of maybe a million people could eventually be established on the Red Planet – certainly captures the imagination, even if the feasibility of the whole enterprise still appears to be somewhat questionable to some people.
Among all the thrilling details of interplanetary travel, however, one fairly mundane detail struck me. The proposed flight across the emptiness of space might, apparently, take a matter of months – perhaps three or four by some estimates – which seems like an inordinate amount of time to be in enforced proximity with a group of people you might know very little about or have much in common with. Worse still if you discover one of those people happens to be genuinely unpleasant or actively disruptive. If the idea of being trapped on an airplane beside an incorrigible talker for a matter of hours fills you with dismay, then the Mars flight could be a very long trip indeed.
There is, I think, a nice parallel with the people you can find yourself working with. You might share some basic common interests – in the Mars ship, presumably some sort of compulsion to go to Mars; at work, likely a similar set of professional skills or an interest in the employer’s business – although perhaps not much more. You will probably also need to cooperate – at work to simply get things done; in space to at least stay out of the way of the person piloting the whole thing. In both, there is also a shared sense of inescapability to the situations. Exiting a Mars-bound spacecraft is, evidently, an overly terminal decision, while quitting a role because of a colleague is rarely a realistic short-term option.
Instead, I suggest that in both situations most people would fairly quickly and naturally find a stable status quo, where relations with others are maintained to, at least, a minimum level of affability and effectiveness. If you happen to really like your associates, great. If not, well at least the general direction of travel continues as smoothly as it should.
However, there can be a real problem when an actually toxic element is present in the workforce. Perhaps an aggrieved employee with an axe to grind about perceived injustices they have received at the hands of the employer. Maybe a team leader who has lost all motivation to do any work or engage with their reports.
Such individuals are far more of a problem because not only are they likely to have stopped producing much themselves, but they also potentially poison the experience of people around them. They might leave others perpetually annoyed that they are left covering for falling productivity or feeling pressured and bullied because of their unpleasant approach. Entire teams can succumb to such influences and the effects can be disastrous.
As a business, dealing with these people is not always as simple as jettisoning them into the void either. For example, they might represent a considerable investment in training and development or perhaps have specialist skills and experience that are not readily replaced. The source of their attitude might also be difficult to discern. How, for example, do you distinguish between an individual who has responded poorly, but understandably, to a personal issue, from someone who has entirely lost interest in your organisation? Potentially you risk losing a valuable employee who may just need help to get back on course.
In many cases, using a mixture of coaching and direct feedback is preferable to acting too rashly. If you believe you didn’t recruit inherently toxic elements, then working to neutralise a negative atmosphere leaves you best placed to retain the positive attributes an employee previously offered. This approach takes effort and can often meet resistance from all sides, but it can also be less costly in the long term than having to turn the whole ship around.
Ahmad Badr is the chief executive of Abu Dhabi University Knowledge Group.
business@thenational.ae
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Factfile on Garbine Muguruza:
Name: Garbine Muguruza (ESP)
World ranking: 15 (will rise to 5 on Monday)
Date of birth: October 8, 1993
Place of birth: Caracas, Venezuela
Place of residence: Geneva, Switzerland
Height: 6ft (1.82m)
Career singles titles: 4
Grand Slam titles: 2 (French Open 2016, Wimbledon 2017)
Career prize money: $13,928,719
Company%20Profile
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What is graphene?
Graphene is a single layer of carbon atoms arranged like honeycomb.
It was discovered in 2004, when Russian-born Manchester scientists Andrei Geim and Kostya Novoselov were "playing about" with sticky tape and graphite - the material used as "lead" in pencils.
Placing the tape on the graphite and peeling it, they managed to rip off thin flakes of carbon. In the beginning they got flakes consisting of many layers of graphene. But as they repeated the process many times, the flakes got thinner.
By separating the graphite fragments repeatedly, they managed to create flakes that were just one atom thick. Their experiment had led to graphene being isolated for the very first time.
At the time, many believed it was impossible for such thin crystalline materials to be stable. But examined under a microscope, the material remained stable, and when tested was found to have incredible properties.
It is many times times stronger than steel, yet incredibly lightweight and flexible. It is electrically and thermally conductive but also transparent. The world's first 2D material, it is one million times thinner than the diameter of a single human hair.
But the 'sticky tape' method would not work on an industrial scale. Since then, scientists have been working on manufacturing graphene, to make use of its incredible properties.
In 2010, Geim and Novoselov were awarded the Nobel Prize for Physics. Their discovery meant physicists could study a new class of two-dimensional materials with unique properties.
What should do investors do now?
What does the S&P 500's new all-time high mean for the average investor?
Should I be euphoric?
No. It's fine to be pleased about hearty returns on your investments. But it's not a good idea to tie your emotions closely to the ups and downs of the stock market. You'll get tired fast. This market moment comes on the heels of last year's nosedive. And it's not the first or last time the stock market will make a dramatic move.
So what happened?
It's more about what happened last year. Many of the concerns that triggered that plunge towards the end of last have largely been quelled. The US and China are slowly moving toward a trade agreement. The Federal Reserve has indicated it likely will not raise rates at all in 2019 after seven recent increases. And those changes, along with some strong earnings reports and broader healthy economic indicators, have fueled some optimism in stock markets.
"The panic in the fourth quarter was based mostly on fears," says Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Company. "The fundamentals have mostly held up, while the fears have gone away and the fears were based mostly on emotion."
Should I buy? Should I sell?
Maybe. It depends on what your long-term investment plan is. The best advice is usually the same no matter the day — determine your financial goals, make a plan to reach them and stick to it.
"I would encourage (investors) not to overreact to highs, just as I would encourage them not to overreact to the lows of December," Mr Schutte says.
All the same, there are some situations in which you should consider taking action. If you think you can't live through another low like last year, the time to get out is now. If the balance of assets in your portfolio is out of whack thanks to the rise of the stock market, make adjustments. And if you need your money in the next five to 10 years, it shouldn't be in stocks anyhow. But for most people, it's also a good time to just leave things be.
Resist the urge to abandon the diversification of your portfolio, Mr Schutte cautions. It may be tempting to shed other investments that aren't performing as well, such as some international stocks, but diversification is designed to help steady your performance over time.
Will the rally last?
No one knows for sure. But David Bailin, chief investment officer at Citi Private Bank, expects the US market could move up 5 per cent to 7 per cent more over the next nine to 12 months, provided the Fed doesn't raise rates and earnings growth exceeds current expectations. We are in a late cycle market, a period when US equities have historically done very well, but volatility also rises, he says.
"This phase can last six months to several years, but it's important clients remain invested and not try to prematurely position for a contraction of the market," Mr Bailin says. "Doing so would risk missing out on important portfolio returns."
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The Equaliser 2
Director Antoine Fuqua
Starring: Denzel Washington, Bill Pullman, Melissa Leo, Ashton Sanders
Three stars
Apple product price list
iPad Pro
11" - $799 (64GB)
12.9" - $999 (64GB)
MacBook Air
$1,199
Mac Mini
$799
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
WHAT IS GRAPHENE?
It was discovered in 2004, when Russian-born Manchester scientists Andrei Geim and Kostya Novoselov were experimenting with sticky tape and graphite, the material used as lead in pencils.
Placing the tape on the graphite and peeling it, they managed to rip off thin flakes of carbon. In the beginning they got flakes consisting of many layers of graphene. But when they repeated the process many times, the flakes got thinner.
By separating the graphite fragments repeatedly, they managed to create flakes that were just one atom thick. Their experiment led to graphene being isolated for the very first time.
In 2010, Geim and Novoselov were awarded the Nobel Prize for Physics.
Company%20Profile
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'Panga'
Directed by Ashwiny Iyer Tiwari
Starring Kangana Ranaut, Richa Chadha, Jassie Gill, Yagya Bhasin, Neena Gupta
Rating: 3.5/5
BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
FIXTURES
All times UAE ( 4 GMT)
Saturday
Fiorentina v Torino (8pm)
Hellas Verona v Roma (10.45pm)
Sunday
Parma v Napoli (2.30pm)
Genoa v Crotone (5pm)
Sassuolo v Cagliari (8pm)
Juventus v Sampdoria (10.45pm)
Monday
AC Milan v Bologna (10.45om)
Playing September 30
Benevento v Inter Milan (8pm)
Udinese v Spezia (8pm)
Lazio v Atalanta (10.45pm)
Ads on social media can 'normalise' drugs
A UK report on youth social media habits commissioned by advocacy group Volteface found a quarter of young people were exposed to illegal drug dealers on social media.
The poll of 2,006 people aged 16-24 assessed their exposure to drug dealers online in a nationally representative survey.
Of those admitting to seeing drugs for sale online, 56 per cent saw them advertised on Snapchat, 55 per cent on Instagram and 47 per cent on Facebook.
Cannabis was the drug most pushed by online dealers, with 63 per cent of survey respondents claiming to have seen adverts on social media for the drug, followed by cocaine (26 per cent) and MDMA/ecstasy, with 24 per cent of people.
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The specs
Engine: 5.2-litre twin-turbo V12
Transmission: eight-speed automatic
Power: 715bhp
Torque: 900Nm
Price: Dh1,289,376
On sale: now
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