| |
| |
|
Management Information |
|
Never Punish Yourself or Others for Failures
If you want to find success in various ramifications, be it in business or personal relationship, don't punish yourself or others for mistakes, or blunders, or failures, instead encourage yourself. Kim Woo-Choong, founder and chairman of Daewoo, said, "One of my employee went to a casino and lost $10, 000 of the company's money which would certainly get him fired by a normal manager. I didn't fire him, but paid the money back to the company myself and gave him a second chance." "Why didn't you fire me?" the employee asked. "I've just spent $10, 000 educating you. If you have the confidence to beat a casino dealer, then I want you to use it to create business." Use your failures to create success. You can only advance in life or business if you use your failure. People fail in life and business because they are ashamed of there mistakes, blunders, and failures-they hide it, ignore it, and cover it up by drinking, using drugs, and loads of irrelevant pastimes. Things happen: people get fired, hearts get broken, marriages collapse, businesses crumble, fights take place, what really counts is "Will you punish yourself or encourage yourself?" Like an expert said, "Those who seem to sail through life handle things quietly as they come up, while those who lurch from crisis to crisis flail about, make a lot of noise and expert somebody else to rescue them. They become victims of their fate, instead of masters of their domains." When you fail, make mistakes or suffer disappointment, smile first, analyze next (perhaps you could write it down, discuss it with someone knowledgeable, research it, or just have patience until something comes up), then move ahead with your life. The successful and happiest people on earth are those who are not frustrated by situations. It is just life, so never punish yourself or others for failures. Bright Johnson, a money writer and researcher, is the publisher of http://www.superriches.com
MORE RESOURCES: Unable to open RSS Feed $XMLfilename with error HTTP ERROR: 404, exiting |
|
|
|
RELATED ARTICLES
Innovation, Idea Selection, Valuation There is no sure fire route to commercial success, but one can maximize the chances of selecting those ideas that are most likely to succeed. Organizations short of R & D resources must implement such processes. Business Innovation - Status Games Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation.There are other useful definitions in this field, for example, creativity can be defined as consisting of a number of ideas, a number of diverse ideas and a number of novel ideas. Power of Pinpointing Accountability I have always said that if I were to write a book on effective management principles, the first chapter in that book would be about the importance of pinpointing responsibility among an owner's or a general manager's reporting units. After all, one of the most popular definitions of management is getting work done through others. Executive Performance -- Whos to Blame for Incompetent Managers? A recent article in the Wall Street Journal raised the question: Who's to blame for inept managers?The answer, of course, is the superiors who hire or promote them -- but not because they intentionally select or retain poor performers. Every leader knows that his or her own success depends on putting the right people in the right positions. Its All About The Customers, Baby If you want to ensure a steady stream of customers in your business, you must always remember why you're in business in the first place.Sure you want to earn a decent income for yourself, but you also want to provide a useful service don't you?That second reason should take precedence over the first. Examining the Relationship Between Employee Satisfaction and Customer Satisfaction Researchers have undertaken numerous studies to look at the connection between customer and employee satisfaction. A majority of these studies were able to uncover a correlation between employee satisfaction, customer satisfaction and profitability. ISO 9001 and Total Quality Management Total Quality ManagementTotal Quality Management, or TQM, has become one of the most frequently discussed topics in current business literature. Because of the competitive pressures created by Japanese companies, quality became a competitive weapon in the 1980s in most industries. Do You Hear That? I read a report in the Toronto Star stated that 70% of workplace errors happen because of communication breakdown and that many of them directly relate to a lack of listening skills.The challenge is most people filter out sounds, noises and people talking as much as they filter out most of the things their eyes see. IT Expenditure - Why Businesses Spend Huge Amounts on Ineffective IT Investments Another IT White Elephant!It seems that almost every day we read in the newspapers about another hideously over budget IT project that doesn't achieve its expected benefits. The ones we read about are usually major multi-million pound projects in the public sector, however this is only the tip of the iceberg. Year 2010: Permanent Employees No Longer Required Jack Welch joined a conference that was held in Duke Fuquay Business School where he was invited to promote his new book called "Winning". He told audience about how culture is important in a company. Paretos Law- Your Formula For Success A 'dirt-world' retail business I used to manage had a large turnover, a very high profit, and less than 100 lines. Early in 2001, I was contracted to manage another business. I Cant Use This Approach Unless My Boss Does - Power, Accountability, and Consequences People who work with us often struggle with this dilemma: in theory, they come to believe that it would be very helpful to use our approach with people who have more power than they do, and in practice, sometimes it seems too risky to try. Some examples of things that feel too risky include raising questions with your boss about his or her performance, disagreeing publicly with people who have more power , or otherwise sharing information that might lead you or the person in power to feel put on the sp ot. Encouraging Behavior That Gets Results You're the boss, and you have every reason to feel good about your organization.You've built a great team. The Red Phone - Management Consulting in 30 Seconds or Less Modern business faces complex problems; management often calls upon highly-specialized consultants to help them address these difficult problems. If you're ever called to help identify these most pressing issues, one of the easiest and quickest ways to start is to talk about the "Red Phone". Firing Someone Without Resentment Firing, sacking, letting go or terminating people is unpleasant. There are ways to minimise resentment, but why bother? Because most legal action and unpleasantness stems from dissatisfaction/resentment about the way things were handled - about how rather than what happened. Is Your Business Healthy? Most business owners I work with want to grow their businesses. I guess this probably applies to most businesses in general. Commercial Collections Billing Practices Advice Swiftness is the key to collecting past due commercial accounts because commercial accounts depreciate more faster than consumer accounts.In creating and implementing a billing system, a credit grantor should recognize that time is the safest refuge of any debtor. Important Communication Tips For Managers The following tips will help you communicate more effectively with your employees:1. Let employees know that having feelings is okay. The Silent Assassin - What to Do When They Visit You? IntroductionThere are a group of people in the community that will some time in their career visit your business; the silent assassin.The silent assassin displays all the qualities of a serial killer as they silently wreck havoc in your business through unrest, sabotage, bullying and non-productivity. Tales From the Corporate Frontlines: An Unexpected Benefit This article relates to the Compensation and Benefits competency, commonly evaluated in employee satisfaction surveys. It tells the story of a company that offered a new benefit to its employees, solved the problem of lagging productivity, and boosted morale at the same time.
|
| home | site map | contact us |