|
|
| www.1001TopWords.com |
|
|
Book Summary: Mind Your Own Business
A maverick is an independent person who will not go along with the other members of a group (Oxford ESL Dictionary). This book provides priceless stories and insights from a maverick of the business world; an exemplary business leader who prefers not to follow orthodox beliefs in business, nor be eaten by the hyped up ideas of the present. Instead, he chooses the course of action that is appropriate for the changing times. The Maverick's Way: New Old Thing What is effective? This is the question answered by the maverick. He reconciles the good things from both the Old and New times, and focuses on what is really effective in confronting the challenges of 21st century business dealings. A maverick thinks outside of the bed, knows that it pays to be daring, does not allow technology to tyrannize, finds strength in diversity, maintains balance and harmony among people, sets leadership by example, has a strong ethical base, and values employees and customers. A maverick knows his customers and believes strongly in his products. To a maverick, a company is a not just a big candy store. It is a living instrument with living human beings. It should have a HEART. Keys to Leadership The leader leads. He exercises critical judgment, which will have a great impact on his people. The leader defines the company. The leader's responsibility is to explicitly present and advocate the company's purposes and goals. The leader inspires. He gives sense and meaning to the job. He makes his people realize, that beyond profit there is an underlying meaning, value, and deeper reason for the work they do. The leader should be the evangelist. He should be able to exercise his influence, to sell the values of ethical conduct. The leader must see the company as a coherent whole. He should be aware of the diversity in the company and bring this together to promote the whole. The leader must know that there is no better way to create a family in the workplace than to encourage the family at home. Harman International introduced the anti-domestic violence program in the company, which reinforces the idea that the company cares. The leader should never underestimate the value of disciplined hard work. The leader empowers subordinates to do their jobs. He should institute programs for the guidance and training of his people. He should always keep the lines of communication open. The leader promotes closure. He should know the right time to get things done. The leader knows what he doesn't know. The leader is not afraid to ask clarifications, if he does not understand a particular subject. The leader knows the meaning of two minutes. He should respect the time of others and that of his own. The leader teaches. Above all, the leader develops others. As Lao Tzu advanced: "the leader having accomplished great things, the people all feel they did it themselves?" The very best leaders go beyond the mere setting of example. He should be able to cause a leap of imagination and faith in his people. The leader recognizes that people are often at their very best the moment they have been let go. There are times when an employee doesn't like the work anymore, or he is unable to appreciate how the whole enterprise works- this is the time to set him free. A Company Must Be Profitable 1. A solid financial base is fundamental. 2. Debt should not exceed equity. A debt to equity ratio of 1 to 1 or better should be the goal, so that a company's leader and key executives do not spend all their time on mere survival -paying bills, meeting the payroll, and keeping the banks happy- but moving forward and meeting bigger challenges and doing more visionary work. 3. There should be a regular process for annual strategic planning and budget-planning. The Fundamentals of Profit and Loss 1. Manage expectations, not the profits. Keep the shareholders informed, to eliminate doubts of manipulating numbers. 2. The Chairman and CEO should be financially literate. They should know what the numbers really mean. 3. Good growth and profitability requires the exercise of critical judgment. The leader should make certain that the budget is one the company can live with. 4. In repurchasing the company's own stocks, make sure that it will add to the company's earnings. 5. Look into the availability of funds so that the balance sheet will not be compromised. Make an Edge in the Business World 1. Writing. It is a unique and powerful skill you can use for clarity and persuasion. 2 Public Speaking and Story-telling. Speak directly, and without notes, to your audience. Individuals respond to a well-told story. 3. Thinking. People do not respect sloppy thinking in a leader. Thoughts should be carefully considered then expressed directly, crisply, and clearly. Summary By: Regine P. Azurin http://www.bizsum.com "A Lot Of Great Books....Too Little Time To Read" Free Book Summaries Of Latest Bestsellers for Busy Executives and Entrepreneurs BusinessSummaries is a BusinessSummaries.com service. (c) Copyright 2001-2002, BusinessSummaries.com - Wisdom In A Nutshell
|
|
|
|
RELATED ARTICLES
50 Great Ways to Motivate and Not Break the Bank Quick, Easy, and Even Fun! Transform Any Business into a Go-Getting Power House by Working SMART Probably as well known as SWOT, SMART turns goals, objectives and tasks into concrete deliverables. If there is one key to turning busy, ineffectual organisations into models of streamlined efficiency then this is it. The Professor Makes A Minus Power Move If you think the power move has costs, consider the alternative. We are talking -- four friends -- bringing one another up to date on our personal and professional lives. What Every Manager Should Know About How to Enhance the Motivational Climate of the Workplace It has been well documented that employees' productivity and job quality increase when we are made to feel welcomed at work. In other words, when the motivational climate is enhanced to meet their needs they produce quality work at the 100% rate. Effective Ways to Give Performance Feedback Consequences of Not Giving Effective Feedback Maximizing Sales through the Ultimate Tracking Software Every small to mid-sized business owner would love to know how to effectively keep a pulse on their marketing and customer service efforts. The common barrier that all companies run into is how to cost effectively measure and control this process. Small Business Outsourcing: An Introduction Outsourcing is the delegation of a business process to an external service provider. The service provider will then be responsible for the day-to-day running and maintenance of the delegated process. Plan for Business Success - 6 Reasons to Succession Plan Succession Planning provides many valuable assets to your business. Yet it is easy to do, with a game plan. Here are some reasons why the business leader will find it a useful issue to put some focus on. Preparing a Budget Ok, you say, I know I need a budget, but how do I prepare one? The most common budget period is one year, but this can vary depending on whether or not your business has seasonal or cyclical fluctuations. For example if you run a Christmas decorations shop, or a costume shop your business is going to peak during certain times of the year. Hire Winners: Avoid These 10 Interview No-No?s Have you ever hired someone who did not live up to expectations? I'm sure many of us have at one time. The purpose of the interview is to obtain good information about an applicant to make a wise selection decision. It may sound simple but then why are there so many poor hires? The reason is that many hiring managers make 10 key interviewing errors that prevent them from hiring the best people. Delegate or Die! You Can't Do It All - Learning To Delegate Managing Change - Get it Right In any event, getting the process right is a vital component. The credibility of the change managers will be scrutinised closely enough on the issue itself, with all processes in place. If process is at fault too, then things can get very messy indeed. Hows Your HUB? Marketing gurus are always coming up with new lingo but oftentimes they are restating the old tried and true concepts in new terms. Marketing students from the 70's and 80's will be familiar with the acronym USP. USP stands for your "Unique Selling Position" and it should be the cornerstone of your marketing. Sexual Harassment Policy Guidelines Part I Sexual Harassment Policy Guidelines ? Part I Indiscretion Can Kill Your Business The quickest way to cancel out all the thought, work, energy, time and expense you've poured into promoting your business is with indiscretions. I'm not talking about giving your clients' confidential materials to their competitors, though that certainly will kill your business I'm talking about the indiscretions that leak out of your mouth, such as: A Corporate Facelift With Sound Bytes If Baby Boomers can get botox and tummy tucks, then why don't companies receive facelifts to improve their image as well? The telephone is the lifeblood of any business. Use it respectfully. Don't leave your clients on-hold to listen to radio static or elevator music. With digital recording and delivery of sound files, professional production of on-hold advertising is both economical and necessary for a positive image. That's right ? it's imperative that the first impression a client receives of your business (even though they may never visit) is how they're treated on the telephone. How many times have you called a business to hear "Thank you for calling ABC Dental Office please hold" before you can get a word in edge-wise." In many cases , what they have on-hold is your first impression of that company. Creativity Management and Behaviour What behaviour maximises the chances of thinking of great ideas? What behaviour maximises the ability to nurture ideas until they begin to reveal their potential? Tales from the Corporate Frontlines: Coworker and Caretaker This article relates to the Coworkers competency, commonly evaluated in employee satisfaction surveys. It tells the story of a coworker whose performance consistently facilitated effective cooperation, collaboration, and communication between the employees within one organization. While the Team Dynamics competency focuses on relationships within a single group, this competency targets coworker topics spanning the entire organization over multiple work units. This competency investigates your organization's ability to successfully work in partnership on projects with one another and between groups to reach the common goals of the organization. Sending Documents Through Email? Dont Get Burned by Metadata! During a recent seminar I gave located in the suburbs of Philadelphia, I discussed something called, "metadata". When I asked whether anyone ever heard of metadata, I was confronted with blank stares. This is exactly why I decided to write here about what it is and how it can impact your company. A Renewed View of the Modern Business Culture Life can sometimes be unexciting if not refreshed by the will to create according to one's own conscience and freedom. Often, the power of passion fuses into unexciting or appealing activities. One sometimes expects to be free from the demands, the macro-strings of the society, so that one could do what one wishes. In many different ways, one could say that freedom of this nature may bring about towering creativity though it can also breed chaos. How to find a method that could encourage a pleasing freedom as well as bring about the desirable creativity is very important for the society in general and for business in particular. In short, a balance needs to be sought and erected. But the balance, as I will show, is the one that encourages conceptual creativity to soaring heights while it limits dispositions or practice in line with the prevailing macro- or micro-culture.
|
| © Athifea Distribution LLC - 2013 |
