Probability in management, or life for that matter, means that you can’t be sure about anything more than 99,999…% unless infinity or zero exist and we still don’t know that (There is some shady business with black holes but let’s not go there).
Archive for the ‘Leadership’ Category
At the end of the third quarter of 2007, Nokia announced huge gains in both profits and revenue, driving their stock price to an all-time high of $40/share. In a widely publicized interview after the release of the quarterly results, the CFO proudly emphasized that it was Nokia’s low-end cell phones, selling for $40 or so, that were driving the business.
Accountability is one virtue that every company wishes for their employees, although not all of them are able to integrate this into their system.
Strengthening and growing your business along with engaging and developing your employees should be the items at the top of your “to do” list. Fortunately, when executed properly, these goals complement one another very nicely
As business owners and leaders, we have a choice to make at the end of the day. We can treat employees like liabilities, waiting for them to make a mistake so that we can pounce. Or, we can turn them into assets, by treating them with a firm but fair hand, empowering them to do their job, and then holding them accountable for their actions, either good or bad
When I was at Microsoft, we hired a creative thinking specialist on one occasion as our guest speaker at an event we held each year to review the trends in the technology industry and the marketing approaches we were using in support of our products. His name was Edward De Bono and he was a prolific writer in the area of creativity and innovative thinking.
Negotiations is one of those everyday ‘soft’ skills which the majority of people have some experience of but have probably never studied formally.
You can learn so much about entrepreneurship from Walter White, Jesse Pinkman and my favorite character of them all, mister serial entrepreneur himself, Gustavo Fring.
While many people think you have to sit around, waiting for inspiration to strike, recent research indicates that inspiration can be captured, manipulated, and even activated.
If we want to change our current direction, start a new initiative, or create new goals, we have to remember that change is hard. It is hard on us and it is hard on our employees or partners. The key is not to simply plow over the concerns that come up. Change is hard on people because our past has taught us that new things can be disastrous. If we simply try to ignore the warning sirens in our head or the groans from our team, change will become a self-fulfilling prophecy and indeed be disastrous.