Bizz, Books , Brain and Bites

Ethics in Business

2011-03-25T08:10:00.004Z

A Business leader has to lead by example and is expected to behave according to the Ethics and Moral values he sets as guidelines for his company. If we really want to fundamentally change the world for the better, that is what we expect from our leaders in general.

Can we learn from our mistakes ?

2010-10-15T10:20:00.002+01:00

New awakening! Can we trust the banks that got us into this mess to get us out of it? What can consumers learn about this crisis?

Is it ?

2010-09-23T23:04:00.000+01:00

It is not about who we are , but what we dream of,....

2010-05-21T23:33:00.000+01:00

There are no endings just new beginnings

Quotes

2010-04-25T21:38:00.001+01:00

There is a better way to do it; Find itThomas Edison

2010-03-18T08:40:00.000Z

"Twenty years from now, you will be more disappointed by the things you didn't do than those you did. So throw off the bowlines. Sail away from safe harbor. Catch the wind in your sails. Explore. Dream. Discover." - Mark Twain

Belbin Team Roles

2010-02-06T12:02:00.002Z

Belbin promotes, develops and sells Team Role theory, which may help people working together with greater self-knowledge and understanding. An interesting tool for newly fomed Teams helping commun understanding and nurturing efficient Group spirit.

Is honesty the single most important asset ?

2009-12-26T10:32:00.000Z

For many centuries, honesty in the business world, was not just a moral category, by itself, but a vital key requirement for a successful entrepreneur. Being regarded as honest and respectable were important criteria. "An honest businessman is credible, provides “trust” to others, such as employees and suppliers and reflects about the consequences of his actions. By doing this he achieves

MBTI

2009-11-17T15:52:00.000Z

The Myers Briggs Test Indicator is an employee assessment tool that, if used properly, can enhance communications, improve teambuilding, and shed light on certain personality conflicts. http://www.myersbriggs.org

Elton Mayo

2009-10-07T16:53:00.001+01:00

George Elton Mayo (1880-1949) has been widely recognized as the progenitor of the human relations movement in management and his work laid down the fundamentals for modern management and organizational thinking.Mayo's work highlighted the importance of communication between management and workers and identified the , in our days somehow-accepted notion that work satisfaction, and therefore

Transparancy...

2009-09-07T21:49:00.001+01:00

It takes courage to admit to publicly that we make mistakes, besides being good at what we do. Some leaders might not feel comfortable doing this, but it should be always about being open and accountable for what one claims and about being honest in what we preach and practice. What do You think ?

Rise and Fall.....

2009-08-05T15:41:00.000+01:00

The Principle developed by L.J. Peter is embedded in the phrase: “In a hierarchy, every employee tends to rise to his level of incompetence.” This sentence first appeared on the cover of a book of the same name, written by Laurence J. Peter (1919-1990), a teacher and professor of education, and Raymond Hull, and it has since then become part of the English language.

Knowledge development,...

2009-05-07T17:22:00.001+01:00

As the economical downturn continues and the threat of costcutting is ever-present, the importance of knowledgedevelopment in a recession is the most important asset to retain. some people argue,..What do You think ?

Ludwig Van Mieses

2009-05-06T09:30:00.000+01:00

Ludwig Von Mieses, an Austria Economist published in 1912 his Book : „Die Theorie des Geldes“. Mieses predicted the “big crash” in 1924 and after being offered him a senior position at the Kreditanstalt Bank in Vienna, that he refused, he explained his wife the following: “A great crash is coming, and I don’t want my name in any way connected with it.” “If you want a rich man,” he said, “don’t

Ba...

2009-04-22T15:28:00.000+01:00

Ikujiro Nonaka is a professor at the graduate school of international strategy at Japan’s Hitotsubashi University.He developed the word “Ba” that defines a kind of a meeting place of minds in an organisation. Ba could be meant as a physical place —an office or a restaurant—or it can be purely virtual , as a kind of shared experiences of the organisational culture. The word has now a broader

2009-03-27T19:08:00.000Z

It is in tough times where excellent leadership can make the difference, when the economy is “ booming”, it is fairly easy to have success. What do You think ?

Paradigm shift ?

2009-03-13T08:51:00.001Z

Jack Welch, who is regarded as the father of the “shareholder value” movement that has dominated the corporate world for more than 20 years, has said it was “a dumb idea” for executives to focus so heavily on quarterly profits and share price gains, as it was quoted on the latest Financial times.com edition.I have been pledging in the last couple of years that this idea was not sustainable long

Re-build,Re-construct, Re-shape,Re-invent.....

2009-03-11T08:42:00.000Z

Going against former believes Tom Peters stated some years ago that there are no excellent companies. According to him: “it is no longer enough to be excellent; companies have to stand out from the crowd. Companies have to shrink, even deconstruct. They have to innovate. They must make the workplace more interesting.”. In our current financial turmoil, is this statement more relevant than ever?

Leading by example ?

2009-02-27T15:11:00.003Z

Sir Fred Goodwin’s pension arrangements were the central theme of a war of words on Thursday as the former CEO of the Royal Bank of Scotland traded allegations over the terms of his departure from the financial institut with Lord Myners, the City minister. Sir Fred Goodwin, who was forced out of RBS last October, had started collecting a £693,000-a-year pension. The fact that he stands firm on

So ?

2009-02-24T23:20:00.000Z

In times of turmoil most of those in leading positions create distractions and diminish energy. In these difficult times our enemy is fear, and fear always creates a distraction. Therefore actions must be taken to attack fear and build confidence.

Risk Taking

2009-02-05T12:25:00.000Z

Some people are arguing lately that just as executive involvement is Key in designing and implementing corporate strategy, it is not less important to be also actively involved in risk decisions. We generally agree now that real-estate bubble was in part boosted by a wide spectrum of mortgages that were, in various forms, deceitful, incomplete or mildly formulated not according to “mainstream”

Being accountable,...

2009-02-04T09:40:00.002Z

Encouraging creativity and risk taking but always fostering a culture of taking responsibility and being accountable for own actions are key competencies that BBBB is promoting and as a fact written on our mission statement.We have been hearing a lot lately concerning the creation of Bad Banks in the US and Europe in order to help the Credit Institutions to clean up their accounts, but one can

Can we do it ?

2009-01-21T09:48:00.002Z

Ten thousands of people live on the streets of Washington and millions worldwide over the TV screens heard President’s Obama Inaugural Address to promise the regeneration of the US.During the campaign he constantly emphasized his Slogan ,” It is time to change, Yes we can do it”,…… well now time has come to let actions follow brilliant rhetoric or excellent communication skills, and Mr. Obama

RBS sponsors Williams F1 Team 2009

2009-01-19T14:29:00.002Z

The UK prime Minister Mr. Gordon Brown unveiled today a second bank rescue package including powers for the Bank of England to lend up to £50bn directly to businesses, as he accused the Royal Bank of Scotland of taking ”irresponsible risks” as the bank’s shares collapsed.His comments came as RBS warned it could report an annual loss of up to £28bn, following the mis-timed acquisition of ABN Amro,

2009-01-09T17:26:00.002Z

Adolf Merckle, a wealthy German industrialist, committed suicide after making a wrong bet on the direction of Volkswagen’s share price. Source: The Economist“The desperate situation of his companies caused by the financial crisis, the uncertainties of the last few weeks and his powerlessness to act, have broken the passionate family entrepreneur and he took his own life,” a family statement

2008-12-16T16:47:00.003Z

Federal agents arrested Madoff at his apartment on Thursday after prosecutors said he told senior employees that his money management operations were "all just one big lie" and "basically, a giant Ponzi scheme."A Ponzi scheme is an illegal investment vehicle that pays off old investors with money from new ones, and is dependent on a constant stream of new investment. Because the invested capital

The Detroit Bailout,....

2008-12-10T22:58:00.002Z

Newly elected president Barak Obama went on to describe, what he believes is a long-term bailout that will be conditioned on federal oversight. Could that mean that the government is mandated, or at least to heavily influence, what kind of cars the 3 Big ones from Detroit make, what mileage and environmental standards they must meet and what large investments they are permitted to make — to

Workout vs. Bailout: Should Government Take Advantage of the Buffett Effect?

2008-11-01T10:39:00.003Z

James Heskett is a Baker Foundation Professor, Emeritus at Harvard Business SchoolPublished:October 2, 2008Author:Jim HeskettSumming UpThe depth of the global financial crisis is becoming clearer day by day. In the United States, it is being used as a reason to set aside ideology regarding government ownership of important financial institutions, possibly including those that also manufacture

2008-10-28T01:25:00.003Z

There are many books I could have written that are better than the ones I actually wrote. My best book would have been 'Managing Ignorance', and I’m very sorry I didn’t write it.”Peter Drucker

2008-10-22T23:07:00.001+01:00

Over the coming months, The New York Times will track six small businesses, and start a series in times of this financial turmoil on how their daily operations will be affected and the way they will handle this crisis, a very interesting idea by PATRICK McGEEHAN and KEN BELSON

2008-10-16T21:47:00.001+01:00

Paul Krugman warned against the threats posed by the expanding non-regulated financial entities about a decade ago

2008-10-12T19:39:00.003+01:00

To be a man is, ....precisely,..... to be responsible. Antoine de Saint-Exupery

2008-10-07T22:05:00.001+01:00

The Paulson plan: A great idea if you have no idea how to read a balance sheet. --John Hussman

2008-10-07T00:06:00.004+01:00

I believe that one thing the actual financial crisis showed us is that free markets do work, it is the old rule of demand pull inflation, (if someone comes and offers 20 % interest rates a year, should no one start to be suspicious? The old economic rule; low interest rate low risk, high interest rate high risk?) if there are people interested in buying any asset at any risk at any price

2008-10-03T18:33:00.002+01:00

Quotation from: Milton FriedmanIt's hard to know what is meant by business ethics. Only people, not businesses, have ethics. Ethics is me, the individual, as a person. I'm ethical or unethical. If I'm employed in a business that I think is unethical, I have a clear choice. I can get out of that business and find something else to do. It doesn't seem to me it's ethical for me to do unethical

2008-10-01T19:20:00.000+01:00

In times of uncertainty and financial turmoil how important is it to foster strong leadership at multiple levels in the organization to deal better with crises and other unexpected circumstances? Ideas? Opinions ?We will try to dig deeper into this hot subject during the next couple of weeks. Stay tuned…….

Quotes

2008-09-30T19:30:00.001+01:00

It is in times of turmoil and strife that true manliness is shown. A life without adversity makes a man weak, dull, and effeminate.Seneca

The Art of War

2008-09-29T23:13:00.001+01:00

Attack Your enemy where he is unprepared, appear where you are not expected.

Payback

2008-06-05T15:51:00.002+01:00

Description:If you're like most people, you bet your career and company on innovation--because you must. Payback: Reaping the Rewards of Innovation offers you a new way to think about and manage innovation that will dramatically improve the odds of success. Authors James P. Andrew and Harold L. Sirkin, senior partners at The Boston Consulting Group, describe an approach to managing innovation

Quotes

2008-04-30T09:38:00.000+01:00

People are willing to adjust their behavior to facilitate teamwork, but they expect others to make a similar effort.— Irina Gaida, BCG

Quotation

2008-04-16T16:20:00.001+01:00

If the primary aim of a captain were to preserve his ship, he would keep it in Port forever."Thomas Aquinas"

When is a Innovation profitable ?

2008-03-28T15:10:00.001Z

An Idea becomes an Innovation as soon as it generates cash in a profitable way.

the elevator pitch

2008-03-14T18:08:00.000Z

An elevator pitch (or elevator speech) is an overview of an idea for a product, service, or project. The name reflects the fact that an elevator pitch can be delivered in the time span of an elevator ride (say, thirty seconds or 100-150 words).The term is typically used in the context of an entrepreneurr pitching an idea to a venture capitalist to receive funding. Venture capitalists often judge

Some Key Characteristics of effective Leadership

2008-03-13T18:22:00.000Z

Effective leaders have the ability to understand themselves and others, are great listeners strong communicators (both oral and written) get and keep people in action and develop a drive for achieving positive results consistently.

Why are Communications skills so important…..

2008-03-02T05:38:00.001Z

The ability to communicate effectively is the most important skill you need to develop, whether you're giving speeches, pitching ideas to your boss, sending off an email, leaving a voice message or having a face to face discussion.In a recent survey, conducted by the University of Pittsburgh’s Katz Business School among HR managers from companies with more than 50,000 employees, communication

Power Point .............

2008-02-15T00:16:00.003Z

I have mixed feelings towards PowerPoint®. Used porperly, it can be a great presentation tool. Used wrongly (unfortunately its too often the case ) they are a unbroken stream of boring slide shows narrated by mediocre communicators.

Sex, Leadership And Rock N' Roll

2008-02-08T16:49:00.000Z

"At last, a book that cuts through the jargon of leadership and personal development. It offers a real world source of inspiration and provocation in areas such as: creativity, innovation, relationships, motivation, leadership, high performance, learning and reinvention. The unique approach springs from the mix of leading edge concepts with the wisdom of the street in the form of rock music. This

A shift in paradigm

2008-01-30T23:55:00.000Z

In order to be successful in the future we need to change our attitude towards work in general and management practices in particular; instead of working harder we should focus on working smarter, and do this by:• Increasing the speed of decision-making. Decisions need to be made faster, even if not always 100% right, we need to take our decisions embedded in a lot of uncertainty under a

The Future of Management

2008-01-21T22:23:00.000Z

:For me, management innovation is about innovation in management principles and processes that ultimately change the actual practice of what managers do, and how they get it done. That’s different to operational innovation, which is really talking about how the actual work of transforming inputs into outputs, gets done. "Gary Hamel

InnoExecution

2008-01-15T19:01:00.000Z

Is a leadership philosophy developed from the result of a study focused on Corporate Leadership and goal achievement of enterprises. The study aimed to find out the reasons and solutions of the following problems common to most organizations under a competitive environment:Most of the enterprises cannot meet its goals effectively? Why?What is the most important factors affecting its performance?

Power Map

2008-01-04T11:44:00.000Z

“Sometimes at IMD we use a questionnaire called the Power Map to help participants identify their own culture (i.e. values they cherish, leading to certain behaviors), to identify other executives' profiles and discuss consequences on communication and leadership in a team.To simplify, the four main types of profiles that our survey identified are:People who like to 'control things' and introduce

Quotes#16

2007-12-14T18:20:00.000Z

There comes that mysterious meeting in life when someone acknowledges who we are and what we can be, igniting the circuits of our highest potential."-Rusty Berkus

Big Think Strategy

2007-11-27T21:01:00.000Z

Bernd H. Schmitt argues that Business leaders need bold strategies to stay relevant and win. In "Big Think Strategy," the author explains ( based on some corporate examples) how one can bring bold thinking into current business by sourcing big ideas and executing them creatively.According to Schmitt any leader can overcome institutionalized "small think"--the inertia, the narrow-mindedness, and

2007-11-18T16:59:00.000Z

Why is it that by presenting a new idea/challenge/project; people tend to see things from different perspectives? While some might search for the positive points in it looking at ( for example) new business opportunities , others will tend to search for roadblocks and for reasons not to go for it ? Is the glass half empty or half full? according to Wikipedia this is a common expression, used

Quotes#15

2007-11-12T17:01:00.001Z

A leader leads by example not by Force.Sun Tzu

2007-11-08T21:02:00.000Z

"I think it's very difficult to lead today when people are not really truly participating in the decision. You won't be able to attract and retain great people if they don't feel like they are part of the authorship of the strategy and the authorship of the really critical issues. If you don't give people an opportunity to really be engaged, they won't stay."Howard Schultz, CEO of Starbucks

The Language of Business ...........Part 1

2007-10-25T19:44:00.000+01:00

By negotiating with a Japanese counterpart some rules should be respected,… among others;… you should always be concerned that Your Japanese counterpart never looses his face; you can avoid this by, NOT; expressing sharp disagreement, embarrassing him, criticizing him in public or by showing disrespect. Causing loss of face can completely disrupt a promising business negotiation.Instead you

2007-10-16T22:17:00.000+01:00

Let´s Brainstorm a bit of what is acknowledged as one of the most common Business killers: lack of focus.With scarce resources to expend, heading to a specific, well-defined vision is critical for new companies. When entrepreneurs try to tackle too many problems or chase too many business opportunities at one time, they often end up with no trophy at All.What do You think?

Assertiveness

2007-10-14T22:40:00.000+01:00

A leader’s goal is to steer the direction of his or her company. By being assertive in delegating tasks to his subordinates without being too autocratic or threatening, assertive leaders will achieve high levels of confidence and respect among their followers.According to Wikipedia, Assertiveness is a trait taught by many personal development experts and psychotherapists and the subject of many

Charisma

2007-10-09T21:00:00.000+01:00

Every Leader in the business world in his relentless quest to achieve significant success is obsessed with getting things done; effectively and efficiently. Those leaders want to be heard, seen, respected, and appreciated.They are often willing to go more than the “usual” “extra mile” to reach the top of success. But often, in spite of all the efforts, success is still absent. Could the answer

The power of a solid vision…

2007-10-07T23:23:00.000+01:00

The Spirit of St. Louis is the name of the airplane that Charles Lindbergh flew solo across the Atlantic .In search of potential sponsors for that project Lindbergh was put in contact with the head of the St. Louis Chamber of Commerce, Harold Bixby. Meeting with Bixby, Lindbergh predicted great things for St. Louis if the city were to put its support behind such an historic flight. Painting a

2007-10-04T08:54:00.001+01:00

How to motivate employees ?

2007-09-08T13:23:00.000+01:00

“Alignment of aims, purpose and values between staff, teams and organization is the most fundamental aspect of motivation. The better the alignment and personal association with organizational aims, the better the platform for motivation. Where people find it difficult to align and associate with the organizational aims, then most motivational ideas and activities will have a reduced level of

Quotes # 14

2007-08-14T12:22:00.000+01:00

“Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma — which is living with the results of other people's thinking. Don't let the noise of others' opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.”This is a

What is the impact of my performance in the overall picture?

2007-08-02T16:37:00.000+01:00

Some Workplace surveys I had access to indicated that only a low percentage of inquiries (15-25% ) stated that the organizations these people work for had their organization's strategy well communicated, and everyone's work priorities aligned to support those strategies .I assume that a huge amount of performance being "managed" in the marketplace may not have a positive impact in the

Quotes # 13

2007-07-08T23:15:00.000+01:00

Only one man in a thousand is a leader of men; the other 999 follow women"Groucho Marx"

Leading versus Managing ( Part 5)

2007-06-27T20:10:00.000+01:00

" To improve our performance and achive our goals we need strong leaders:people who can motivate their teams to achieve their objectives and deliver results.We need managers who are accountable, agressive, adaptable, assertive, motivating and forward thinking, mature and international in their outlook. We call these qualities the leadership Imperatives and we recruit , appraise and develop our

Quotes # 12

2007-06-12T16:40:00.000+01:00

“Nothing is impossible. Some things are just less likely than others. “Jonathan Winters

Shakleton´s Leadership Example

2007-06-03T22:03:00.000+01:00

One of the biggest leadership lesson one can extract from Shackleton's experiences while his expedition ship, the Endurance, was trapped and then crushed in the pack ice of the Weddell Sea was the fact that during the 22-month Shackleton had to face changing circumstances and constant danger that enabled to bring the best in each of his crew member. Each contributed to the team's survival,

Quotes #11

2007-05-31T14:28:00.000+01:00

“The fastest growth industry in the US will soon be continuous education of adults because everything happens and changes so fast” Peter F. Drucker

2007-05-18T13:50:00.000+01:00

“Leaders should have self-confidence. They get comfortable in their own skin by being grounded emotionally, being supportive of others, and having had the freedom to fail.”US. Army Colonel Thomas Matthews who led the Task Force Ranger mission in Mogadishu, Somalia in 1993 . Those events served as basis for the Film “ Black Hawk Down “ from Ridley Scott.

2007-04-13T09:11:00.000+01:00

Men wanted for hazardous journey. Small wages, bitter cold, long months of complete darkness, constant danger, and safe return doubtful. Honor and recognition in case of success. – Sir Ernest Shackleston in a 1890 job ad description for his first Antarctic expedition.Would this be motivation enough to apply currently for a job in today’s corporate world?

Persuasion

2007-03-07T08:08:00.000Z

According to the Wikipdia :”Persuasion is a form of influence. It is the process of guiding people toward the adoption of an idea, attitude, or action by rational and symbolic (though not only logical) means. It is a problem-solving strategy and relies on "appeals" rather than force.” If that is to be true than we are facing Leadership in his deepest roots. What do You think ?

2007-02-05T16:42:00.000Z

WorldChanging.com works from a simple premise: that the tools, models and ideas for building a better future lie all around us. That plenty of people are working on tools for change, but the fields in which they work remain unconnected. That the motive, means and opportunity for profound positive change are already present. That another world is not just possible, it's here. We only need to put

The WILL to improve.....(2)

2007-01-03T18:25:00.000Z

This small and intense project-based class will involve a series of team efforts to “spread” positive behavior, which will be bolstered by exposure to and coaching from industry experts and academics. The projects will include spreading the adoption of Firefox web browser, learning and applying methods from hip-hop to fuel the spread of fads, and a capstone project on spreading financially

The WILL to improve.....

2006-12-31T17:23:00.000Z

There is a broad agreement about the fact that competent teams improve productivity, are able to reduce dramatically project implementation time, and boost the generation of innovative solutions. Yet, many managers complain on how ineffective their teams work , wasting time and resources on projects that do not achieve the desired results, or are not linked to the business or to its customers. As

A great project......

2006-11-24T14:12:00.000Z

Dear Community:Welcome to We Are Smarter Than Me, an ambitious community addressing a crucial shift in how businesses operate as they learn to leverage the power of "community."The central premise of We Are Smarter Than Me is that large groups of people ("We") can, and should, take responsibility for traditional business functions that are currently performed by companies, industries and experts

Entrepreneurship ( Part 1)

2006-11-21T17:57:00.000Z

The understanding of entrepreneurship owes a lot to the work of economist Joseph Schumpeter and the Austrian School of economics. In Schumpeter (1950), an entrepreneur is a person who is willing and able to convert a new idea or invention into a successful innovation. Entrepreneurship forces "creative destruction" across markets and industries, simultaneously creating new products and business

Coaching ( Part 1)

2006-11-13T17:19:00.000Z

It's the time of the Year for many employee performance reviews, and what are we doing about it?This process should be linked to the vision and mission statement of every organization and embedded in its corporate culture, meaning that rather than being a evaluation based on analyzing last Years sales or general figures results, which often is mainly about managing numbers and expectations, those

Networking ( Part 2 )

2006-10-17T11:53:00.000+01:00

“Life truly is a boomerang. What you give, you get. ”- Dale Carnegie

Networking ( Part 1 )

2006-10-04T15:05:00.000+01:00

Can we generate sales Leads only by running an expensive marketing campaign? It should not necessarily be that way. We have being told that the most effective form of sales lead generation is to build long-term business and private relationships through word-of-mouth marketing.We all do attend on a regular basis social, private and business Networking group events, which are all, “trade fairs”

Are We Ready for Self-Management ?

2006-09-13T09:01:00.000+01:00

The question is closely linked to the level of skills and competencies that entry level employees bring with them.Generally speaking I prefer to think about managing/coaching with a long leash rather than micromanaging, meaning empowering people to take actions and to be accountable for them.Creating a self management culture within a business organization has to do more with leadership than

Attitude......

2006-09-01T09:00:00.000+01:00

Is the glass half empty or half full? The purpose of the question is to demonstrate that a business project may be seen in different ways depending on one's point of view and that there may be opportunity in the situation as well as trouble. A successful entrepreneur maybe aware of the risks he is taking, but he always focus on the postive aspects and strenghts of the project, for him failure

See You in September.....

2006-08-20T21:06:00.000+01:00

Has Globalization Reached Its Peak? *

2006-08-04T11:11:00.000+01:00

Summing UpThe global corporation and globalization in general are poised to achieve new and different heights, if responses to this month's column are to be believed. As Greg Bownik put it, "for globalization to peak businesses would have to stop communicating, marketing, and selling on a global basis . . . nothing short of dismantling the global economy could reverse the trend." Nari Kannan

Quotes # 10

2006-07-20T11:41:00.000+01:00

"Tell me and I will forget. Show me and I will remember. Involve me and I will understand"Benjamin Franklin

Instinct and Intuition

2006-06-16T15:17:00.000+01:00

"Most of entrepreneurship, for me, is about instinct and intuition. Many times I have been asked by someone considering a new venture if he should go for it. But an entrepreneur knows instinctively when to go for it." Michael Dell from Dell Computers.There is written in a lot of books that Instinct is something that we are born with; it is something that we do naturally without thinking.

Vision and Entrepreneurship

2006-06-06T09:52:00.000+01:00

“An entrepreneur is ambitious, has a vision for the future of his firm and for the future in general. With regard to a hi-tech enterprise, this vision is basically all that an entrepreneur has to have. All the rest can be outsourced “ Jane Royston.In order to succeed an entrepreneur must develop a solid vision, he must be able to surround himself with talented people, effectively communicate his

A Leader is passionate about.....

2006-05-22T15:25:00.000+01:00

I am fully convinced that passion is a main attribute of a successful entrepreneur. I can not imagine someone driving a Team/project and ultimately celebrate success if this same person has no passion about it. To get commitment has to do primarily with pulling people rather than pushing them. To pull you have to be able to influence their opinions, to inspire them to follow you and to motivate

A Leader has Courage to Take Risks

2006-05-18T17:43:00.000+01:00

In order to succeed, leaders need to have courage, because, by going down the road trying to achieve your objectives you also will experience fear. It is a natural feeling. Being courageous is not about lacking fear. It’s learning how to deal and to cope with it, but knowing that at the end you’re going to be okay.” If we would not experience fear we would not need to have courage in the first

2006-05-15T17:33:00.000+01:00

Innovation has become a corporate buzzword. But constantly talking about an idea is totally different from practicing it: One is about wishful thinking; the other, is about action. Innovators are doers, they act.But how can a business organization achieve this goal? Well one way is to build a companywide culture of innovation. This strategy should require tangible steps like creating the right

2006-05-08T10:40:00.000+01:00

Today is the first anniversary of this blog.What do You like most? the least ? Suggestions for improvement?Would appreciate your feedback.

What it takes to be an entrepreneur ? ( Part 1)

2006-04-26T13:24:00.000+01:00

A survey of Stanford MBAs suggests that the decisive factor that divides entrepreneurs from the rest of the pack is their well-rounded experience.Business School Professor Edward Lazear, is the Jack Steele Parker Professor of Human Resources Management and Economics, and a senior fellow at the Hoover Institution. He is also the founding editor of the Journal of Labor Economics. He conducted a

2006-03-29T17:48:00.000+01:00

From a financial perspective we can state that competitive advantage exists when the global sales turnover of a company is greater than the sum of its costs, including those of the opportunity of capital.Competitive advantage can be achieved in different ways, by selling a product or service that customers perceive as possessing superior value, therefore the supplier is able to set a premium

Quotes # 9

2006-03-17T18:06:00.001Z

"There's nothing so useless as doing efficiently that which should not be done at all". ( Peter F. Drucker)

Do we plan Strategically ?

2006-03-16T10:18:00.000Z

The essence of Strategic Planning is in my view: defining where You want to go, finding out where You are now, and then determine how to get there .To achieve this You need to have the ability to steer the organization as a whole through strategic change under conditions of complexity and uncertainty .

How well do we manage ourselves, or, the art of Self-Leadership

2006-03-14T19:01:00.000Z

Which is the most overlooked leadership challenge? What is your toughest leadership challenge? I think it is managing us. All effective leaders must master the art of Self-Leadership, which means knowing how to achieve the results one aspires in his or her personal and work life and, as Daniel Goldman stated, “it is all about self control”, before You go out there and try to lead others by being

Execution ( Part 2 )

2006-03-14T11:39:00.000Z

Hold Everyone Accountable—All the TimeStephen R. Covey, Ph.D.At the bottom of the execution gap is the lack of accountability. In the Industrial Age, the theory was that people performed to expectation—or else. With the rise of knowledge work, goals get blurry and workers have more autonomy. Most leaders are deeply conflicted about how to manage knowledge workers: Do I spell out what’s expected

Execution ( Part 1 )

2006-03-03T15:39:00.000Z

The “execution gap” is the difference between what a Business company promises and what she actually delivers. The “execution gap” represents a lack of execution capability which should be monitored closely. The key factors influencing this “execution gap” are; people, strategy and operations. From these three key factors the people element is the most sensitive one, according to the old

Quotes # 8

2006-03-02T15:35:00.000Z

“There is always a choice about the way you do your work, even if there is not a choice about the work itself.”—Stephen Lundin, business coach and author