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Leadership & Business Wisdom

Leadership & Business Wisdom

Leadership & Business Wisdom

Managing Oneself: Revolution in Society Managing oneself is based on these realities: Workers are likely to outlive organizations, and the knowledge worker has mobility. Managing oneself is a REVOLUTION in human affairs. It requires new and unprecedented things from the …

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Leadership & Business Wisdom

Leadership & Business Wisdom

The Function of Management Is to Produce Results Above all management is responsible for producing results. Management has to give direction to the institution it manages. It has to think through the institution’s mission, has to set its objectives, and …

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Leadership & Business Wisdom

Leadership & Business Wisdom

Organizational Inertia All organizations need a discipline that makes them face up to reality. All organizations need to know that virtually no program or activity will perform effectively for a long time without modification and redesign. Eventually every activity becomes …

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Leadership & Business Wisdom

Leadership & Business Wisdom

Common Core of Unity There has to be a “common culture” or at least a “cultural affinity.” Successful diversification by acquisition, like all successful diversification, requires a common core of unity. The two businesses must have in common either markets …

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Leadership & Business Wisdom

Leadership & Business Wisdom

Business Not Financial Strategy “There ain’t no bargains,” and “You get at most what you pay for,” Successful acquisitions are based upon business plans, not financial analyses. Acquisition targets must fit the business strategies of the acquiring company; other wise, …

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Leadership & Business Wisdom

Leadership & Business Wisdom

Resource-allocation decisions The allocation of capital and people determine whether the organization will do well or poorly. The allocation of capital and performing people converts into action all that management knows about its business – they determine whether the organization …

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