Risk management is a more realistic term than safety. It implies that hazards are ever-present, that they must be identified, analyzed, evaluated and controlled or rationally accepted.
I think time management and dedication are the main factors along with being an organized person. To say I was highly ambitious would be an understatement. I'm never one to sit around, I always have to be creating in various facets to keep myself entertained.
Regardless of what we think we know and should happen the reality is that a lot of stock action is random. Therefore, money management is crucial if you want to be successful as a trader. To me, it`s the cornerstone of both making a living at trading and building wealth.
I tend to share whatever I know in general. I've never been a person to horde information for the sake of my own skin, you know what I mean? Not share so somebody doesn't take your job, I've never had that kind of insecurity. I also had a management company, too, so we were always one of those companies that shared information with our artists. Whatever they wanted to know, as much as they wanted to know, they could know.
Sometimes I hear news about the huge dollars involved with CEO pay and corporate-management salaries, and I'm mystified at how someone can justify taking that much at the cost of other people's livelihoods. In a bizarre way, I'm almost kind of curious, like "How can they absolve themselves and enjoy their wealth?" I don't understand it.
There is a story in the book Night Shift, called 'The Mangler,' about a laundry machine that takes on a sort of malignant life. I worked in a laundry for about a year and a half after I got out of college. It was the only job I could find to support my wife and our first child. There was a fellow there that had no hands or forearms. He simply had hooks. This is one of the things that they don't tell you about when you become management. You have to wear a tie. It was this fellow's tie that did him in.
I immediately went out and bought a book on anger management. And now I have that book, and I don't know if I'll get to the book. But I'm certainly excited about the day where I can't find the book, and I get to say, 'Where the hell is my anger management book?!'
In the beginning of a company, there is no management and this actually works really well.
What you want to do is innovate on your product and your business model, management structure is not where I would try and innovate.
Any executive, any CEO should not have 1 management style. Your management style needs to be dictated by your employee.
When you're making a critical decision, you have to understand how it's going to be interpreted from all points of view. Not just your point of view, not just the person you're talking to, but the people that aren't in the room. Everybody else.
The right answer on raises is you have to be formal. You have to be formal to save your own culture.
The bigger you get, the harder this gets because the more aggressive the people working for you are.
Your employees know each other better than they know you.
The person they're working with, is going to be the person they'll know more. So if that person leaves, they're going to go - well, should have I left too? What did they get and how does that compare to my deal.
Volatility and length, that's the value on an option. 10 years on a startup stock, that's a big valuable thing.
The most important thing you can learn as CEO- one of the hardest things to do is, you have to discipline yourself to see your company... through the eyes of the people that you're working through. Through the eyes of the employees, through the eyes of your partners... through the eyes of the people who you're not talking to and who are not in the room.
Generally the reason they fail in the job is, you made some mistake in the hiring process in that you didn't match... them to the needs of your company accurately enough. That's the #1 reason this fails. And that's generally a good place to start: Here's where we are and here's what I didn't recognize about us and about you when I made the decision, and now it is what it is.
You can take somebody's job, you have to take their job, but you don't have to take their dignity.
The right thing to do is to thank them for their work, let people know that they're moving on, and ... you don't really have to explain all their personal details. It's more important to leave them with their dignity... and let them go on to live another day. Remember, what you say at that meeting, that's their reputation.
The survival of love depends on the management of change.
Teaching 23-year-olds in an MBA programme strikes me as largely a waste of time. They lack the background of experience. You can teach them skills - accounting and what have you - but you can't teach them management.
If you have to control people, you have to have an administrative force that does it. So in U.S. industry, even more than elsewhere, there's layer after layer of management - a kind of economic waste, but useful for control and domination. And the same is true in universities.
Tough management is a way to approach work. It is a practical, reasonable, and organized way to get to decisions more easily, make the numbers on a consistent basis, have those around you understand where you stand, and increase the business.
Seems Google management figured out it is cheaper, happier and more productive to take care of their employees and create a positive work environment than to burn them to a crisp, make them afraid of the future, and send them off into the highways and byways of California in search of a Taco Bell for lunch.
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