Management & Strategy
Two exercises for handling inadequate people - 04/16/2021
Communicating with an irrational person is a skill comparable in difficulty to competing in the Olympics, and you'll have a better chance of success if you start training early and build up some decent mental muscle. Technique #1. Change the attitude. When an irrational person attacks (with words), your first instinct is to hit back. But that won't work. So don't think of it as an attack....
What differentiation is and why we need it in business and everyday life - 04/02/2021
Imagine if you dialed 911 and the operator also panicked and did not send anyone to you. If everyone agreed with everyone else, we would still be afraid of falling off the edge of the earth. Being able to think has literally changed the world. In order to calm down and mind your own business, you must learn to separate your thoughts and feelings from those of others. So, differentiation is the...
Company's mission: What is yours? - 03/26/2021
Chances are your company already has a mission statement. Perhaps it adorns the walls of your office or, conversely, it sits on a shelf or in a desk drawer somewhere. If this is the case and you haven't seen or heard anything about your mission statement in a long time, it's time to review it. Unlike a vision and strategy, which can be achieved over time, a mission cannot be fully realised. It is...
Get out of your own way: Correcting inner mistakes - 03/12/2021
Sometimes we think that everyone around us is to blame for our troubles. Surprisingly, our worst enemy is ourselves. And it is because of our self-destructive behaviour that relationships often break down - at work or in the family. There is a way out - it's time to learn to work on our mistakes. Don't give up too quickly Sometimes we get inspired by novelty, and when we get into the boring and...
McKinsey changes the company's head after several scandals - 03/11/2021
One of the world's largest consulting firms, McKinsey, has announced that Bob Sternfels has been elected as the new global managing partner, the de facto head of the company. He will succeed the current head of McKinsey, Kevin Sneader, on 1 July 2021. Mr Sternfels, like the previous heads of the company, will be contracted for three years. He has worked at McKinsey for 26 years; at the time of...
Three myths about implementing business strategies - 03/05/2021
Organisations spend a lot of time meticulously developing strategic plans to compete successfully in the marketplace. However, most executives estimate the success rate of these plans to be between 25% and 35% at best, while less optimistic experts cite a very low figure of 10%. Why is it so difficult? Myth 1: Execution means sticking to the plan Mike Tyson summed up his attitude towards enemy...
How to use mirroring for better persuasion - 02/19/2021
Some people seem to possess a magic wand when it comes to persuading others. In reality, it's not magic, but a science that can be learned. The human brain has three layers. The lower layer, the reptilian brain, provides the "hit or run" response. The middle layer, the mammalian brain, is the reservoir of emotion. The upper one, the primate brain, is responsible for the rational assessment of a...
Goldman Sachs launches money management service for investors with $1000 capital - 02/17/2021
Bank for millionaires Goldman Sachs has launched an asset management service for mass investors with a capital as little as $1,000. Unlike Robinhood and other companies that help first-time investors enter the market, Goldman will not allow newcomers to buy and sell individual stocks themselves. Goldman Sachs is launching Marcus Invest, an asset management service for investors with small...
Three key elements for a breakthrough in work and life - 01/15/2021
You've already reached a certain point, but the next step is so far away that you can't even think about getting there yourself? You need a breakthrough. There are three key elements to a dramatic increase in results: getting help, investing, breaking away from the familiar. Let's look at each of these components separately. Get help This is nothing new, because, really, the first thing you...
Buddhism for business: A mantra for success - 12/11/2020
On any given day in life, you are in one of three stages: aspiration, success, failure. At each of them, you are battling with ego. As Benjamin Franklin observed, whoever drinks from a cup to the bottom should be prepared to encounter sediment. But what if that sediment is not so bad? Harold Jenin noted, "People learn from their failures. They rarely learn anything from their successes." That's...