Archive for the 'Success' Category

Jan 29 2008

What They Don’t Teach You at Harvard Business School

Published by admin under Books, Personal Growth, Success

And Why They Can’t Make You Street Smart

by Mark H. McCormack (08900)

A business school can’t teach you how to be street-smart. You have to go out and get experience for yourself in the business world to start developing the ability to make the most of your business strengths.

Business is a competition, and any high-level, sophisticated competition is played more in the head than it is in the office. By keeping your eyes open to experiences happening all around you, and by thinking clearly about your own career and company, you can learn the effective techniques of salesmanship, negotiating skills, starting, building and running a business, managing people and getting things done.

The people making the most money in any business field are those who are at the cutting edge of their particular industry. Taking that edge requires innovative and creative thinking combined with intuitive business knowledge. The process is hard, but the payoff is worthwhile.

As an introduction to business, a Law degree or an MBA (Master of Business Administration) are worthwhile endeavors. However, as an education, both degrees are at best a foundation and worst a naive form of arrogance. The best lesson anyone can learn from a business school is an awareness of what it can’t teach you — all the ins and outs of everyday business life.

This is really about street smarts — the ability to make active, positive use of your insights, instincts and perceptions. Street smarts are simply applied people sense, the basis of any business association. Street smarts involves reading people and using that knowledge to get what you want.

Business demands innovation, of being on the leading edge of any field of business expertise. Intellect, intelligence or graduate degrees will never be substitutes for common sense, people sense and street smarts.

What They Don’t Teach You at Harvard Business School
What They Still Don’t Teach You at Harvard Business School

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Jan 04 2008

Wealth at a Glance

Published by admin under Books, Personal Growth, Success, Wealth

(24100)

Ideas from publications by Napoleon Hill, Brian Tracy, Laura Nash and Howard Stevenson

Leading a wealth life is a goal that many people dream of from the time they begin their careers (those of uncommon talent may nurture this dream from childhood). And while we start out thinking of wealth in purely monetary terms, as we grow older and gradually see that there is more to life, this dream begins to evolve.

All human behavior begins with a thought, and achieving wealth is no exception. This is because thoughts have the power to penetrate into the subconscious, govern our beliefs and behavior, and transform impulses into rewards. In this respect, man is a marvelous creation. We have only to believe in something deeply, and we can turn it into reality. Other than self-imposed limitations, our lives are filled with boundless possibilities, and poverty and wealth are both products of our thinking. If you want to achieve wealth, first learn how to apply your thoughts.

Once you have decided on a clear direction, it’s time to move forward step by step. The best way to achieve your dreams is to follow in the footsteps of successful people. How does one do this? Should you attend the same schools? Or move in the same circles? No and no. All you need to do is study the habits of successful people, make these habits second nature through repetition, and you too can become a successful person.

Human life is an ongoing process of pursuit. As children we pursue good grades, and as adults we pursue success. Our desires are like arrows, and the target keeps getting moved higher and higher. But does this kind of life lead to happiness and satisfaction? There’s no such thing as a perfect life, so in the end we need to make choices about our goals in life. How much happiness do we need? What level of achievement? How much significance? What legacy do we want to leave behind? The foolish try to have it all, but the wise know that “just enough” is the best path to happiness. As it turns out, the secret to a truly wealthy life lies in the wisdom of give and take.

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Dec 13 2007

Defying Conventional Wisdom

Published by admin under Management, Success, Teamwork

(11602) Susan Annunzio says:

To get different places in the future, you’ll need to be willing to think and act differently. Rejecting conventional wisdom is never easy, but it’s the only way to move forward. To get to where you want to be in the future, replace conventional thinking with workgroup-based reality thinking. Do that consistently, and you’ll be impressed with the results.

You’re successful if you meet your quarterly targets vs. Short-term thinking stunts long-term growth

The number one inhibitor of high performance is short-term thinking. In essence, this is living for today at the expense of tomorrow’s success. When companies cut head count and reduce budgets to meet this quarter’s financial targets, all they actually end up with are overworked and frustrated employees who are less likely to come up with new and innovative ideas in the future.

The way forward, then, is to balance the short and the long term. Enterprise leaders need to collaborate with their workgroups to achieve a sustainable balance. Specifically, the leaders of the high-performing workgroups need to be consulted and realistic goals need to be agreed upon. Once those goals are specified, the decisions on how to achieve them should be made at the workgroup level. Across-the-board cuts just aren’t a great idea.

Company leaders help workgroup performance vs. Workgroup leaders protect their groups from leaders

In too many companies, the leaders of high-performing workgroups spend a lot of time protecting their groups form the larger company’s management. This form of “intelligent disobedience” is a huge drain on the workgroup leader’s time and energy. If this same amount of energy could be directed to positive pursuits instead, the results maybe impressive.

High-performing workgroups are inhabited by risk takers - those who are willing and eager to challenge the status quo in order to find better ways to get things done. The leaders of these workgroups are exactly the kind of people who can drive growth for an organization, and yet companies are inadvertently driving them out.

Let workgroup leaders do what they think best.

Productivity = High Performance vs. Productivity + Innovation = High Performance

The terms “productivity” and “high performance” are often used so frequently that people assume they are one and the same. They’re not. In the industrial era, productivity numbers measured the number of units produced in a given period of time by a worker. In a knowledge-based economy, however, productivity is much more difficult to measure. Merely producing more of anything is not useful if the quality level is so low as to make the additional units of no value.

In addition, it’s difficult to measure workplace productivity when people can go home at night and use email, cell phones, laptop computers and other communication technologies to keep thinking about their work. Should the hours these workers spend working at home, while commuting or even while sitting at the beach be included in productivity metrics?

When managers solely emphasize productivity, they drive out of their organizations the capacity of workers to engage in the type of creative thinking which will add value. Knowledge workers add value by doing better work, by introducing more creativity and customer-focused innovation into their tasks. To increase both profitability and sustainability, companies should be encouraging their workers to be more innovative.

Genuine high performance arises when productivity is blended with creativity and innovation.

A workgroup leader is the most important must-have vs. The environment is more important than the leader

The workgroup environment rather than the leader is the most important factor in driving high performance. This fact holds across all industries and geographies. Effective leaders come in a variety of personalities and styles, but an effective workgroup environment comes in only one flavor - people must be valued, critical thinking must be optimized and opportunities must be seized.

When a workgroup’s environment is linked too closely to a leader, the workgroup loses traction if that leader moves on. To avoid this, make the group responsible for creating its own environment. Use a 360-degree feedback process to evaluate the environment and gather input and ideas on how to enhance it. Ideally, you wan the workgroup to have an environment people genuinely want to be a part of. Make it possible for the workgroup to achieve that and the results will flow.

High-potential individuals drive workgroups vs. It’s the workgroup that counts, not the individual

If you put your very best workers in the wrong type of environment, they’ll get bogged down and won’t be able to do great work. Therefore, work to enrich your environment rather than try and attract top talent alone.

To generate the best return on your investment in human capital:

  • Provide everyone with ongoing training and mentoring.
  • Develop detailed career paths for each individual.
  • Get each individual you can into a high performance team.

One distinguishing characteristic of the environment of high-performing workgroups is they have a “we’re-in-this-together” mentality. The members of the group don’t care about trying to look good at the expense of the team’s results. Nor are they trying to aggressively attempting to advance their own careers. High-performing workgroups believe the whole is greater than the sum of the group’s individual parts because everyone works together.

To grow, eliminate low-performing workgroups vs. Even high-performance workgroups have room to grow

The easiest and surest way to increase the performance of your company is to increase the performance of all those workgroups which you already classify as high-performing. There is always room to grow at the top. These workgroups are already doing what’s required, and they will know best how to enhance their won performance better than anyone else.

Another way to increase organizational performance is by moving some of your average workgroups into the high-performance category. Develop processes by which an average workgroup can be teamed up with a high-performing workgroup. Let them collaborate to find the best way to transfer the requisite expertise and skills.

When facing challenges, bring in outside consultants vs. Your employees already know how to solve problems

The knee-jerk reaction of many companies when they face a serious challenge is to hire a team of consultants to provide assistance. Occasionally the outside perspective of consultants is worthwhile, but in the majority of cases companies would do better if they consulted with their own employees who often know how to solve the problem but nobody has asked them directly.

The key to making this work is to offer employees an “amnesty” - if they tell the truth about what needs to be done, you have to guarantee they won’t suffer any negative consequences. If employees can be convinced they won’t become candidates for dismissal the next time your organization cuts its head count, they will be happy to step up to the plate and give you their ideas.

One idea in this context is to send out a Request for Proposal to your internal staff in just the same way as is often done with projects. Let your people form their own ad-hoc teams to work on their proposal. Treat the ideas put forward with respect. You may be surprised to find that your employees put together a proposal that far outweighs what outsiders can provide because it deals with the details of the situation. Use that idea well - and don’t forget to recognize and reward those who contribute.

Grow by fixing what’s wrong with the organization vs. Look for “dumb” ideas - they can be paradigm shifts

If you manage a company, be very careful when you reject out-of-hand the next “dumb” idea your people suggest to you. That idea which sounds so foreign to you may actually be a great way to differentiate your organization and allow it to move forward dramatically. That idea may be an early indicator of the next paradigm shift your industry will go through.

Many senior managers have the perspective of adopting new technology to do the things that have always been done faster, cheaper and better. When someone comes along who has grown up with the new technology and has no interest in the historical basis for why things get done, they might be able to see a new opportunity to grow that won’t be obvious to the old hands. Even an entry level worker may have an idea that can open up new opportunities.

Keep information confidential vs. Workers need more information, not less, to excel

Paradoxically, many companies hire knowledge workers for their ability to think and then refuse to give them enough information to do that for fear that data will fall into the hands of competitors. Or senior managers will hoard information they think will scare the rank and file. These actions are probably well intentioned but ultimately counterproductive.

What’s the alternative? In high-performing workgroups, people know everything. They are told the good and the bad - where the organization is at present, where it wants to go in the future, what the challenges are and even what the management’s greatest fears are. In short, the employees are trusted that they will use that information in the company’s best interests.

Concentrate on retaining the best talent vs. Build the right environment and the talent will come to you

Being part of a high-performing workgroup is highly attractive to the best talent. They may have come on board because of your company’s reputation, compensation claim, technology or other factors, but to make the best people stay, you need to provide them with an opportunity to work in a high-performance environment.

To be specific, top performers in any field:

  • Like to be challenged intellectually
  • Crave the opportunity to be responsible for the results they generate personally.
  • Like being told what the goal is and then left to their own devices to figure out how to do it.
  • Want to work in an environment where they know everything that’s going on.
  • Will avoid work situations where leaders are pursuing their own agendas rather than doing what’s logical.

Quite simply the best talent like to be part of high-performance workgroups. Most companies are not creating those kinds of environments at the present time. If you create the conditions under which high-performance workgroups can flourish within your own organization, this will be highly alluring to the employees you need the most.

Contagious Success

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Dec 13 2007

Contagious Success

Published by admin under Books, Management, Success

Spreading High Performance Throughout Your Organization

by Susan Annunzio (11600)

To attempt to identify the management behaviors which accelerate profitable growth, an in-depth study of 3,000 knowledge workers around the world was carried out. Although 77% of these respondents claimed they belonged to a high-performing workgroup, only 10% actually belonged to workgroups that generated profitable new products, services or processes. In other words, even the best performing business units could do much better if company leaders could harness the employee brainpower they already have available.

With this in mind, the best way to respond to the changing demands of the marketplace and to succeed in growing is:

  • Look inside your organization, identify your high performing workgroups and do everything feasible to enhance their performance.
  • Share the secrets of your strongest workgroups with mid-level performers so they can make the step up.
  • Spend more time nurturing your high performers and less time cutting workgroups which are performing poorly.
  • Grow your business by building and managing your individual workgroups more effectively.
  • Don’t fall into the trap of using conventional thinking, but take advantage of workgroup-based reality thinking instead.

Contagious Success

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Dec 07 2007

The Official Guide to Success

Published by admin under Books, Success

A Personal Success Program

by Tom Hopkins (10200)

Everyone lives by a set of self-instructions that are programmed in. You can either live by a random set of instructions that have been put into your life by chance or you can take control and program yourself for success.

Self-instructions ulimately control every aspect of our lives: how we think, how we plan ahead, how we react to events that occur to us, and how we prepare for the future.

By developing a system to integrate deliberately chosen self-instructions into our minds, we can take increased control over the future and achieve whatever we are willing to pay the price to achieve.

Self-instructions are deliberately repeated thoughts that you have decided to make come true. Their real effectiveness occurs when they move from your conscious to your subconscious.

The average person lives by self-instructions that chance has imposed. In fact, many people are not even aware enough to try and influence their own self-instructions. By contrast, successful people have always used positive thought patterns to enhance their performance. High achievers go even further, taking pro-active action in an organized and consistent way to achieve whatever they are after.

The Official Guide to Success

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