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Add You - Doing All The Right Things - For All The Wrong Reasons - The Lessons To Business
If the media were to call you today for an interview, would you know what to do or say? That question was posed during a recent conference on small-business ownership and micro enterprise creation, which was held here in Paris. I watched the reactions around the room, and it occurred to me that for most small-business owners, the only thing more frightening than conducting a follow-up phone call with a reporter is having that same reporter actually interview them.There is only one way to overcome the fear. You ha
From my experience, all of these issues boil down to two causes; and they are greed and the system under which stocks are valued and marketed. Both of these are interwov
Rohit Kochgaway was very upset with his boss for his rebuking him today in office. He was very upset with his job. When he reached home in evening his wife got the penalty for asking to go out in form of bad mood. After one hour at home, he exploded the bomb.He is quitting the cozy job and wants to go on his own.Is that the right reason to start a long whirl winding journey of business? Rohit was upset with the present job. Does it make him knowledgeable enough to go alone? Is not it running from present
As I read attacks on stock options and other forms of incentive compensation, my thoughts parallel the arguments of gun advocates who say, “Guns don’t kill. People kill.” Stock options don’t harm shareholders, greedy people do. Inhibiting or eliminating stock options and other forms of incentive compensation plans will make it more difficult for the greedy to gain, but such action will also reduce the incentive for employees to add to shareholder value. There is nothing wrong with trying to maximize corporate profits, the problem lies in doing it with lies.
From my experience, all of these issues boil down to two causes; and they are greed and the system under which stocks are valued and marketed. Both of these are interwov
Vending machines are quite popular nowadays. After arriving in a subway train station, you do not have to locate the nearest convenience store in that area just to purchase your favorite beverage. Just look for a beverage vending machine in the entrance or exit points of that station and presto! You now have your beverage at hand.Vending machines basically dispense certain merchandise after customer deposits money. In other words, it works just like a conventional store. The only difference is it works even witho
As I read attacks on stock options and other forms of incentive compensation, my thoughts parallel the arguments of gun advocates who say, “Guns don’t kill. People kill.” Stock options don’t harm shareholders, greedy people do. Inhibiting or eliminating stock options and other forms of incentive compensation plans will make it more difficult for the greedy to gain, but such action will also reduce the incentive for employees to add to shareholder value. There is nothing wrong with trying to maximize corporate profits, the problem lies in doing it with lies.
From my experience, all of these issues boil down to two causes; and they are greed and the system under which stocks are valued and marketed. Both of these are interwov
Which career should I choose? How to know if my present career suits me? Whether I will be satisfied with my present career? Will my career give me enough money in future? There are many questions that hammer our mind when we join a career. Even after we join that, the questions do not leave us alone. We are always raising queries about our career. This is true about many other areas of life. But how to know if our career is fitting our needs? Let us see how a personal mission statement can help.Personal mission
As I read attacks on stock options and other forms of incentive compensation, my thoughts parallel the arguments of gun advocates who say, “Guns don’t kill. People kill.” Stock options don’t harm shareholders, greedy people do. Inhibiting or eliminating stock options and other forms of incentive compensation plans will make it more difficult for the greedy to gain, but such action will also reduce the incentive for employees to add to shareholder value. There is nothing wrong with trying to maximize corporate profits, the problem lies in doing it with lies.
From my experience, all of these issues boil down to two causes; and they are greed and the system under which stocks are valued and marketed. Both of these are interwov
A common trap that employees fall into is sometimes staying with a company for too long. Especially if you are doing a specialised job that may be quite particular to that company.As time goes on you become more and more valuable to your employer and they will likely pay you accordingly, however and here is the trap, from this you are becoming less valuable to other employers as your skill set becomes more and more centered towards the company you are working for.If you recognize this as being a problem fo
From my experience, all of these issues boil down to two causes; and they are greed and the system under which stocks are valued and marketed. Both of these are interwov
One option in going into business is to buy a going operation. The advantage over starting from scratch is, of course, that there are more facts to work with than a business which exists only on paper. To turn this into an advantage, the prospective buyer of a small business must know how to gather the data relevant to the decision, and how to use them to make the right choice.The buyer should begin by trying to predict with some confidence the future of the business:What factors affect sales? How are thes
From my experience, all of these issues boil down to two causes; and they are greed and the system under which stocks are valued and marketed. Both of these are interwoven and feed of each other.
With the CEO and other top management there is a phenomenon of “entitlement” that can cloud the thinking. Charles Shepard in his book “”Forgiven – The Rise and Fall of Jim Bakker and the PTL Ministry,” identified this feeling as the driving cause of Bakker’s downfall. Shepard pointed out that if PTL brought in $5 million a month and Bakker diverted $2 million to his personal use, the rationale was, “If it were not for me, PTL would not have the $3 million that remained.”
This is a logic that can tempt many a CEO and, as we have seen, some can fall prey to this faulty logic. A number of CEOs and their management groups seemed to have adopted a philosophy that says, “Through my actions $1 billion has been added to shareholder value, so it’s ok for me to take $100 million. After all, If it were not for me, the shareholders would not have that $1 billion, so I am ‘entitled’ to this reward.” Of course, allowing those who add value to an organization to share in the value added is a good incentive to add value, but what we have
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