Thinking about becoming a mentor? Here are some guidelines for developing and maintaining a successful relationship that will benefit both mentor and mentee.
Over the course of my career, I have been the beneficiary of the wise counsel, constructive criticism, and honest feedback of several mentors—both formal and informal. It has made a big difference in both tangible ways (position and compensation) and intangible ways (sense of purpose and confidence). Once I reached a certain point in my career, I was faced with the choice of whether to be a mentor myself. It was time to give back.
But mentoring is a big commitment, and there were a lot of issues to consider before I agreed to do it. If you are thinking about becoming a mentor, you'll want to give careful consideration to these issues, too.
The most obvious one is time. You will need to commit to seeing the mentee often enough to build a healthy, trusting relationship. But finding time in an already packed schedule to meet at regular intervals is a challenge. Are you willing to make the hard choices that will be necessary to find that much time?
You must also consider your willingness to share your knowledge and experience. You will need to be honest about the successes and the failures that led you to be where you are today. Your mentee does not need to know everything about your personal history, but you do have to be willing to open up. Sharing with a mentee is not always limited strictly to business talk. Some of the most powerful mentoring conversations are about the intersection of business and personal life. Being forthright about the work/life balance choices you made, and why you made them, personalizes the discussion.
However, you must be willing to admit fallibility. Mentoring sessions are not opportunities for you to pontificate about "When I was your age..." or for dictating actions; rather you should relate your experiences in similar situations. Of course, we all hope others can learn from our mistakes, so it can be helpful to talk about what you wish you had done differently.
Making a good match
If you feel you can make the commitment, then find a mentee who is compatible with you and with whom you feel comfortable. While you should look for someone with whom you have "chemistry" (that is, you have similar ways of thinking and feel a sense of camaraderie), it is best not to mentor someone who is too much like you. Differences spark discussions. When there are differences, there is greater potential for mutual learning. In the best mentoring relationships, the mentor learns too.
You and your mentee should also establish some rules at the beginning of the relationship. Come to an understanding about how frequently you will meet. It should be often enough that the relationship feels comfortable, the conversation flows freely, and the business issues are fresh. If visits are too far apart, you will spend too much time revisiting old issues. If the meetings are too frequent, however, there will not be enough to discuss. As the relationship matures, the frequency can change.
Ideally, these meetings should take place in person and in a setting—either an office or conference room, or offsite—that is comfortable for both parties. But mentoring meetings do not always have to be in person. I have enjoyed very successful mentoring relationships that occurred strictly over the telephone and through video conferencing.
In addition to regular meetings, set up a policy about contact between meetings. If something comes up that the mentee wants to discuss and time is of the essence, would you be willing to have an impromptu meeting? Would you mentor through a crisis in real time? Or would you prefer the mentee to use the skills you have worked on together to get through this on his or her own, and then discuss how well he or she managed at the next meeting?
Confidentiality must also be discussed up front. If you're a mentor through a company-sponsored program, you don't have to worry about giving away proprietary information. However, you will be discussing issues that are sensitive to the mentee. Furthermore, you will be sharing some details of your personal life. Be sure you know your company's policy on confidentiality. Will you be required to share any of your conversations with the mentee's boss? With human resources? What will you want the mentee to keep confidential? Be sure to establish clear rules at the very beginning of your relationship.
How to be a good mentor
What makes a good mentor? The same qualities that make a good leader. First and foremost, you must be a good listener. You have set aside this time; now you need to stop thinking about the work you left on your desk and focus on the person across the table. Listen, ask questions, and then listen some more. As a mentor, you will spend much more time listening than talking.
Be a role model. Part of your job as a mentor is to show the mentee how to conduct this type of relationship. Be on time for your meetings. Be prepared by refreshing your memory about the previous meeting prior to the new one. Ask follow-up questions about the previous meeting's conversation and action plan. If any "to do" items come out of your meetings, be sure to do them. Honor your word, and expect that your mentee will honor hers or his. When speaking of others, be constructive, not negative or derogatory. If you are mean-spirited toward those not present, your mentee will wonder how you speak of him or her in a similar situation.
Be honest. Give feedback and criticism, but give it constructively. Mentors hear things from co-workers about their mentees that may not mesh with what the mentees are telling them. You need to gently bring up the differing viewpoint so the mentee can see how he or she is being perceived by others. This is a safe relationship in which the mentee can examine with you why some missteps occur, and how they might be rectified now and avoided in the future. You can deliver hard feedback because you also provide an open and caring forum for dealing with it.
Honesty should be a two-way street. Recognize, however, that your mentee may not be comfortable criticizing you. You should periodically ask, "How is this relationship working for you? What can I do better?" Be willing to take criticism as much as you give it.
Be patient. It can be hard to watch mentees make mistakes. No amount of mentoring will spare them from making mistakes. You are helping them to blaze their own path, not to follow in your footsteps. Mistakes will be made. As a mentor, you can help dissect what went wrong, what went right, and what is the "takeaway" message. You get to commiserate with them and then reinvigorate them for the next challenge. Over time, you will help them spot their strengths, weaknesses, and tendencies. There are no quick fixes, only well-earned insights and thoughtful adjustments.
Share the glory. Your mentee will probably require guidance at times that you cannot provide. Whether it is a personal financial advisor, a lawyer, a human resources representative, or a therapist, you should be willing and able to encourage your mentee to find a competent specialist if needed. If it is an internal issue, you can refer the mentee to the appropriate person in the company. If it is external, you can recommend some resources, if you are comfortable doing so. You cannot and should not try to provide guidance in areas beyond your scope and abilities.
Last, be willing to learn. A close, honest relationship with someone who is at a different level of the company can be a learning experience. You can get a true sense of how the corporate culture filters down to the mentee's level. You can find out how information is received and transmitted. You can learn what office "politics" your mentee deals with. You can tune into what aspects of the company appeal to different levels and areas. It can be eye-opening, if you are willing to learn.
If you decide to make a commitment to mentoring, your dividend comes in many forms. You are giving back to another member of the company. You are honing your leadership skills. You are garnering esteem from your colleagues and your mentee while gaining valuable insights and perspectives from a different level of your profession. While you must be prepared to give a great deal, you will end up getting so much in return.
Businesses engaged in international trade face three major supply chain hurdles as they head into 2025: the disruptions caused by Chinese New Year (CNY), the looming threat of potential tariffs on foreign-made products that could be imposed by the incoming Trump Administration, and the unresolved contract negotiations between the International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance (USMX), according to an analysis from trucking and logistics provider Averitt.
Each of those factors could lead to significant shipping delays, production slowdowns, and increased costs, Averitt said.
First, Chinese New Year 2025 begins on January 29, prompting factories across China and other regions to shut down for weeks, typically causing production to halt and freight demand to skyrocket. The ripple effects can range from increased shipping costs to extended lead times, disrupting even the most well-planned operations. To prepare for that event, shippers should place orders early, build inventory buffers, secure freight space in advance, diversify shipping modes, and communicate with logistics providers, Averitt said.
Second, new or increased tariffs on foreign-made goods could drive up the cost of imports, disrupt established supply chains, and create uncertainty in the marketplace. In turn, shippers may face freight rate volatility and capacity constraints as businesses rush to stockpile inventory ahead of tariff deadlines. To navigate these challenges, shippers should prepare advance shipments and inventory stockpiling, diversity sourcing, negotiate supplier agreements, explore domestic production, and leverage financial strategies.
Third, unresolved contract negotiations between the ILA and the USMX will come to a head by January 15, when the current contract expires. Labor action or strikes could cause severe disruptions at East and Gulf Coast ports, triggering widespread delays and bottlenecks across the supply chain. To prepare for the worst, shippers should adopt a similar strategy to the other potential January threats: collaborate early, secure freight, diversify supply chains, and monitor policy changes.
According to Averitt, companies can cushion the impact of all three challenges by deploying a seamless, end-to-end solution covering the entire path from customs clearance to final-mile delivery. That strategy can help businesses to store inventory closer to their customers, mitigate delays, and reduce costs associated with supply chain disruptions. And combined with proactive communication and real-time visibility tools, the approach allows companies to maintain control and keep their supply chains resilient in the face of global uncertainties, Averitt said.
Specifically, the new global average robot density has reached a record 162 units per 10,000 employees in 2023, which is more than double the mark of 74 units measured seven years ago.
Broken into geographical regions, the European Union has a robot density of 219 units per 10,000 employees, an increase of 5.2%, with Germany, Sweden, Denmark and Slovenia in the global top ten. Next, North America’s robot density is 197 units per 10,000 employees – up 4.2%. And Asia has a robot density of 182 units per 10,000 persons employed in manufacturing - an increase of 7.6%. The economies of Korea, Singapore, mainland China and Japan are among the top ten most automated countries.
Broken into individual countries, the U.S. ranked in 10th place in 2023, with a robot density of 295 units. Higher up on the list, the top five are:
The Republic of Korea, with 1,012 robot units, showing a 5% increase on average each year since 2018 thanks to its strong electronics and automotive industries.
Singapore had 770 robot units, in part because it is a small country with a very low number of employees in the manufacturing industry, so it can reach a high robot density with a relatively small operational stock.
China took third place in 2023, surpassing Germany and Japan with a mark of 470 robot units as the nation has managed to double its robot density within four years.
Germany ranks fourth with 429 robot units for a 5% CAGR since 2018.
Japan is in fifth place with 419 robot units, showing growth of 7% on average each year from 2018 to 2023.
Progress in generative AI (GenAI) is poised to impact business procurement processes through advancements in three areas—agentic reasoning, multimodality, and AI agents—according to Gartner Inc.
Those functions will redefine how procurement operates and significantly impact the agendas of chief procurement officers (CPOs). And 72% of procurement leaders are already prioritizing the integration of GenAI into their strategies, thus highlighting the recognition of its potential to drive significant improvements in efficiency and effectiveness, Gartner found in a survey conducted in July, 2024, with 258 global respondents.
Gartner defined the new functions as follows:
Agentic reasoning in GenAI allows for advanced decision-making processes that mimic human-like cognition. This capability will enable procurement functions to leverage GenAI to analyze complex scenarios and make informed decisions with greater accuracy and speed.
Multimodality refers to the ability of GenAI to process and integrate multiple forms of data, such as text, images, and audio. This will make GenAI more intuitively consumable to users and enhance procurement's ability to gather and analyze diverse information sources, leading to more comprehensive insights and better-informed strategies.
AI agents are autonomous systems that can perform tasks and make decisions on behalf of human operators. In procurement, these agents will automate procurement tasks and activities, freeing up human resources to focus on strategic initiatives, complex problem-solving and edge cases.
As CPOs look to maximize the value of GenAI in procurement, the study recommended three starting points: double down on data governance, develop and incorporate privacy standards into contracts, and increase procurement thresholds.
“These advancements will usher procurement into an era where the distance between ideas, insights, and actions will shorten rapidly,” Ryan Polk, senior director analyst in Gartner’s Supply Chain practice, said in a release. "Procurement leaders who build their foundation now through a focus on data quality, privacy and risk management have the potential to reap new levels of productivity and strategic value from the technology."
Businesses are cautiously optimistic as peak holiday shipping season draws near, with many anticipating year-over-year sales increases as they continue to battle challenging supply chain conditions.
That’s according to the DHL 2024 Peak Season Shipping Survey, released today by express shipping service provider DHL Express U.S. The company surveyed small and medium-sized enterprises (SMEs) to gauge their holiday business outlook compared to last year and found that a mix of optimism and “strategic caution” prevail ahead of this year’s peak.
Nearly half (48%) of the SMEs surveyed said they expect higher holiday sales compared to 2023, while 44% said they expect sales to remain on par with last year, and just 8% said they foresee a decline. Respondents said the main challenges to hitting those goals are supply chain problems (35%), inflation and fluctuating consumer demand (34%), staffing (16%), and inventory challenges (14%).
But respondents said they have strategies in place to tackle those issues. Many said they began preparing for holiday season earlier this year—with 45% saying they started planning in Q2 or earlier, up from 39% last year. Other strategies include expanding into international markets (35%) and leveraging holiday discounts (32%).
Sixty percent of respondents said they will prioritize personalized customer service as a way to enhance customer interactions and loyalty this year. Still others said they will invest in enhanced web and mobile experiences (23%) and eco-friendly practices (13%) to draw customers this holiday season.
The practice consists of 5,000 professionals from Accenture and from Avanade—the consulting firm’s joint venture with Microsoft. They will be supported by Microsoft product specialists who will work closely with the Accenture Center for Advanced AI. Together, that group will collaborate on AI and Copilot agent templates, extensions, plugins, and connectors to help organizations leverage their data and gen AI to reduce costs, improve efficiencies and drive growth, they said on Thursday.
Accenture and Avanade say they have already developed some AI tools for these applications. For example, a supplier discovery and risk agent can deliver real-time market insights, agile supply chain responses, and better vendor selection, which could result in up to 15% cost savings. And a procure-to-pay agent could improve efficiency by up to 40% and enhance vendor relations and satisfaction by addressing urgent payment requirements and avoiding disruptions of key services
Likewise, they have also built solutions for clients using Microsoft 365 Copilot technology. For example, they have created Copilots for a variety of industries and functions including finance, manufacturing, supply chain, retail, and consumer goods and healthcare.
Another part of the new practice will be educating clients how to use the technology, using an “Azure Generative AI Engineer Nanodegree program” to teach users how to design, build, and operationalize AI-driven applications on Azure, Microsoft’s cloud computing platform. The online classes will teach learners how to use AI models to solve real-world problems through automation, data insights, and generative AI solutions, the firms said.
“We are pleased to deepen our collaboration with Accenture to help our mutual customers develop AI-first business processes responsibly and securely, while helping them drive market differentiation,” Judson Althoff, executive vice president and chief commercial officer at Microsoft, said in a release. “By bringing together Copilots and human ambition, paired with the autonomous capabilities of an agent, we can accelerate AI transformation for organizations across industries and help them realize successful business outcomes through pragmatic innovation.”