MGT exam 3

Video two Steve Jobs in 1980 People said to Jobs...

" What we have now is fine; why go beyond?" he said, "we will become more and more powerful, and go back, and re-solve those problems even better than before." We must be continuously striving to change, grow, develop, serve even better than we are now.

Video two Steve Jobs in 1980 His goal was to...

"Make a real contribution to solving this problem" this is making computers easy for everyone to use even without knowing how to program them

Video three Steve Jobs in 2005 (at Stanford) Story One- Connecting the Dots Although it seemed to have...

"No hope of practical application" He dove into calligraphy because he found it fascinating. Holbein says, "School is about getting a job to the degree life is about work" Although it is important to learn useful skills, to get a job, there is more to life than work, and more school than skills training. If you leave college essentially the same person who went in, what have you really learned? Learning implies change, growth, and development.

The Fundamental law of motivation

"if you cannot or will not get people to do what they otherwise naturaly would not do, you will never succeed in management

Video three Steve Jobs in 2005 (at Stanford) Story One- Connecting the Dots Steve Jobs Learned that...

"it is impossible to connect the dots looking forward." We must trust that the dots will connect, and exercise confidence to follow your heart. Holbein adds, "You cannot see or control what is to come. But! you do know enough to do what is right and good today. It is impossible to persistently and consistently do good today, and end up in bad spot tomorrow"

Video three Steve Jobs in 2005 (at Stanford) Story Three- Death 3 Quotes

- "you are already naked" - "There is no reason not to follow your heart" -"Don't be trapped by other peoples thinking (dogma). Stay Hungry. Stay foolish"

Methods to Boost the Extrinsic motivation of your employees Method #3 HerzBerg's ideas

-Believed there was something missing from Maslow's 5 needs -Maslow's 2 lower needs (physical & Safety) he called "hygiene needs" -These "hygiene needs" do not motivate people, but they do play an important role in motivation. their absence de-motivates people -Hygiene needs are necessary but not sufficient for motivation

Video three Steve Jobs in 2005 (at Stanford) Story Two- Love and Loss

-He was fired from the company he created! He was a public failure. But, he discover the lightness of being a beginner all over again. -Lesson: Dont settle. Keep looking!

Methods to Boost the Extrinsic motivation of your employees Method #8 Vicarious learning/ social learning/ role modeling

-Set a good example as a leader yourself. you are a role model -aslo show your employees others who are doing things right

Bosses Seek Critical thinking but what is that? One way that hiring managers try to access students critical thinking skills is through behavioral interviews, they will inquire about things like:

-Talk about HOW you handled working with a difficult person -HOW they would tackle business problems, such as whether it makes more sense for a company to make or buy a product, AND WHY -explain HOW they arrived at their conclusions -So students must prepare to tell stories about HOW and WHY they have used their business skills in practice

Compensation and Benefits There are only 3 benefits that firms must provide for their employees (ignoring the affordable care act at this point)

...1. Workers compensation insurance for injuries on the job 2. Unemployment insurance only for those who are laid off, not those who are fired for poor performance 3. Social Security insurance. Employers must pay the same amount as employees are paying

At Baker huges, Merger-Savvy CEO Wrestles With Hostile Overture there are 2 lessons here

1. As a manger you must enjoy getting the best out of people. (this reminds us of what Le Roy H Kurtz of general motors said in chapter 15 of maxwell- that the only assets that a corporation cannot replace easily are the human ones) 2. you must be highly motivated to wipe out threats to your business and do what is best for the company. you must believe that your business is adding real value to the world.

7 selection tools (for determining how well job applicants will perform in the future) 1-3

1. Background information: resumes, cover letters, and applications form 2. interviews --structured: ask everyone the same questions. more clear & fair (and more legal) --Unstructured: ask any questions. more revealing 3. paper and pencil tests --knowledge --personality

Satya Nadella, Chief of Microsoft, On His New Role LESSONS: to be successful you must.....

1. Be actively managing your image and reputation among all those people around you 2. set standards, and stove to live up to them 3. reflect upon, and learn from your failings 4. be self aware and 5. be learning at all times

Methods to Boost the Extrinsic motivation of your employees Method #9 Merit pay- Money Motivates people 1-5

1. Bonus 2. Piece rate pay 3. commissions 4. profit sharing 5. employee stock ownership

Know the Four types of people in terms of commitment

1. Cop-outs 2. Holdouts 3. Dropouts 4. All-outs

To Demonstrate that our character and leadership potential are not bound by birth or by nature, consider two new fields of scientific discovery: 1. DNA Truggers

1. DNA triggers- the impact of our DNA on our behavior is switched on/off by our choices and actions. the things that we do habitually, the environments that we choose, what we persist in listening to or thinking, can trigger or inhabit DNA influence

For Halliburtion's Chief With A think skin, controversy is familiar There are 4 lessons here (the first 3 sound like maragart thatcher in chapter 17 maxwell-secuirty)

1. Don't Doubt yourself 2. Develop a think skin 3. don't worry about what others may say or think 4. focus on doing what business is designed to do-serve its customers by assign real value for them.

A Note Regarding Outsourcing There are two benefits for companies that outsource:

1. Greater flexibility with human resources 2. Lower labor costs

Juniper CEO resigns post after just 11 months on job There are 3 lessons from all this

1. Hiring well is the most important decision a manger makes 2. A person humanity (their personality, character, heart, mind, and spirit) is the top determinant of their success 3. leadership begins within- the type of person ou are inside is the root of all leadership skills

A Note Regarding outsourcing There are two problems with outsourcing

1. Loss of Control and Possibly quality 2. Public outcry against lost local jobs, especially by unions

Methods to Boost the Extrinsic motivation of your employees Method #2: Abraham Maslow's Hierarchy of Needs Helps satisfy employees 5 basic needs

1. Physical Needs: we need a living wage for food, clothing, and shelter 2. Safety needs: we need security (insurance,job security, ext) 3. Social Needs: we need to interact with others 4. Esteem: we need to be proud of ourselves (so recognize and praise employees) 5. Self-actualization:we need to realize our full potential (give people challenges)

Methods to Boost the Extrinsic motivation of your employees Method #7 Operant Conditioning By B.F. Skinner

1. Positive Reinforcement: "getting a desirable outcome for performing a correct behavior 2. negative reinforcement: eliminating undesired outcome once the desired behavior occurs. for example take the employ off of probation 3. punishment: administering a negative outcome in consequence of an undesired behavior 4. extinction: eliminating the performance of a dysfunctional behavior by removing whatever is reinforcing it

Labor Relations There are Four major labor laws to be aware of (1&2)

1. The National labor reaction act 1935 gave unions power to represent individuals to management 2. The Fair labor Standards Act 1938 restricted child labor, established a minimum wage, and set a maximum on working hours.

Compensation and Benefits 3 factors must be considered in setting an appropriate level of compensation for an employee:

1. Their job Performance 2. the job market 3. the future: the comp nays future needs, and the future potential of the individual

Labor Relations Negotiations with unions most often focus on the following six concerns:

1. Work Hours 2. Wages 3. Benefits 4. Working Conditions 5. Job Security 6. Grievance Procedures

Bosses Seek Critical thinking but what is that? Managers seem to agree that critical thinking encompasses five dimensions:

1. Writing In-Depth 2. Sustained, not superficial, analysis 3. Challenging the status quo 4. Connecting the dots on complex issues (like discernment in Maxwell CH 7 and 5. Formulating a position from a variety of different sources (like the top of the Holbein thumbtack, and discernment in Maxwell CH 7)

Why corporations value teamwork

1. companies are more responsive to customers 2. there is an increased level of innovation 3. Teamwork correlates with increased employee satisfaction and motivation

Performance feedback 1. formal 2. informal

1. formal: through a set procedure at a set time 2. informal: wherever you can Rules of thumb: if you get to a formal review and the employee is surprised, you have failed as a manger. so use both methods

Four stages of team development

1. forming: building relationships of trust. this is done through socializing 2. norming: establishing a common value and shared priorities 3. storming: members disagree constructively, but because of forming and norming, they know each other well enough to get though it. difference can now be productive 4. performing: doing the actual work

Methods to Boost the Extrinsic motivation of your employees Method #6 Goal setting that really motivates people

1. goals should point to a higher purpose 2. they are specific, not vague: use numbers; do not say "do your best" 3. Difficult but not impossible: use the "and one" method- go one step further than last time 4. boss and employee should set goals to get 5. workers can see steps to achievement (an action plan) 6. Worker receives clear and timely feedback about their performance

Holbeins three alternative views on motivation

1. morally and practically it is impossible to manipulate a persons motivation- their individual psychological state 2. therefore, hire people with intrinsic motivation-people with a strong work ethic 3. as a boss be aware of the following: the main thing that we are after is not motivation in and of itself, it is high job performance. motivation is required for high job performance but so are employee capabilities (through training) we well as proper circumstances (be a coach and facilitator as mary parer follett taught)

Goldman Partners Get word and perks There are 4 lessons here:

1. one of the most important and critical types of decision making for a manger is who to hire and who to promote. is it a core part of securing the culture of the firm 2. slecting and promoting individual is a subjective "ritual" that must look at both the past and the future 3. a manager personal touch with employees is invaluable 4. acknowledge even those who get passed over. tell them "you can do this"

The five Charisma Killers are:

1. pride 2. insecurity 3. moodiness 4. perfectionism 5. cynicism

Human resource management 5 components

1. recruitment and selection 2. training and development 3. performance appraisal and feedback 4. compensation and benefits 5. labor relations

Notable & Quotable How will you use your gifts? what choices will you make? 1-4

1. will inertia be your guide, or will you follow your passions? 2. will you follow dogma, or will you be original? (steve jobs dedined "dogma" as"other peoples thoughts") 3. will you choose a life of ease, or a life of service and adventure? 4. Will you wilt under criticism, or will you follow our conviction?

To Demonstrate that our character and leadership potential are not bound by birth or by nature, consider two new fields of scientific discovery: 2. Neuroplaticity

2. Neuroplasticity- our brain structure is also subject to our choices and actions. just as with DNA triggers, the things that we do habitually, the environments that we choose, what we persist in listening to or thinking, shape our brains

Labor Relations There are Four major labor laws to be aware of (3&4)

3. The Equal Pay Act 1963 required that men and women doing equal work get equal pay. This is called "comparable worth" Yet even today, women are paid roughly 70% of what men earn in similar jobs- but that is a very fuzzy statistic 4. The work Place safety act 1970 established the occupational Safety & Health Administration (OSHA) to mandate procedures for safe working conditions.

7 selection tools (for determining how well job applicants will perform in the future) 4-7

4. Physical ability tests: aways ask yourself "does this relate to the job? 5. ability test: doing a sample of the actual woe task 6. assessment center: doing an ability test in a facility that simulates the real work environment. the most valid selection took 7. reference: we must always check them although they are the least valid tool

Notable & Quotable How will you use your gifts? what choices will you make? 5-7

5. Will you bluff it out when you're wrong, or will you apologize 6. will you guard your heart against rejection, or will you act when you fall in love? 7.will you play it safe, or will you be a little bit swashbuckling?

Notable & Quotable How will you use your gifts? what choices will you make? 8-10

8. when its tough, will you give up, or will you be relentless? 9. will you be cynic, or will you be a builder? 10. will you be clever at the expense of others, or will you be kind?

Satya Nadella, Chief of Microsoft, On His New Role The following is an expert from an interview with the new CEO of Microsoft A: I also ask...

A: I also ask: what are you most proud of? tell me where you fell you've set some standard, and you look back on it and say Wow, I really did that, and then whats the thing that you regret the most, where you felt like you didn't do your best work? how do you reflect on it? those two lines of questioning help me a lot in terms of being able to figure people out. I fundamentally believe that if you are not self aware, you're not learning. and if you're not leaning, you're not going to do useful things in the future

Recruitment

Activities that mangers engage in to develop a pool of job applicants

Video One- Steve jobs: Think different All of these people changed

All of these people changed the world in ways that many people are well aware of. some of us may become famous for our contributions to making the world a better place. But certainly, all of us have been endowed with gifts from many others-parents, grandparents, aunts, and uncles, teachers, coaches, leaders, bosses, friends ext.

As a leader

As a leader you will face plenty of obstacles and opposition...there will be times when commitment is the only thing that carries you forward

Big data gets master treatment B-School students

B-School students can't get enough of big data. neither can reciters.interest is specialized, one year masters programs in business analytics,the discipline of using data to explore and solve business problems, has increased lately, promoting at least 5 business schools to toll out stand alone programs in the past two years. the most plum jobs for B-School grads are now in technology or in roles that combine business skills with data acumen.the 3 most prevalent specialized masters programs in business are in accounting, finance, and organizational behavi

As Personality Test multiply, Employers are Split There are eight Lessons here: 3. Be mindful of debt

Be mindful of debt

But once Michelangelo

But once Michelangelo accepted the assignment, he thoroughly committed himself to it

Video One- Steve jobs: Think different Here to the crazy ones......BUT THE ONLY

But the only thing you can't do is ignore them. B/C they change rings, they push the human race forward. and while some may see them as the crazy ones, we see genus. B/C The people who are crazy enough to think they can change the world, are the ones who do.

Know the story of Michelangelo

Change its title to "Michelangelo commits heresy!" specifically that he committed heresy to the conventional cultural wisdom of today by being committed to tasks even when it wasn't his passion

Methods to Boost the Extrinsic motivation of your employees Method # 1 E.I.V.

Create in the minds of your employees three ideas 1. Expectation: hard work produces good results 2. Instrumentality: good results will be rewarded 3. Values: They will like the reward

Video three Steve Jobs in 2005 (at Stanford) Story Three- Death

Discover what is truly important. You must clarify your true values and priorities.

For Halliburtion's Chief With A think skin, controversy is familiar During his 14 years leading

During his 14 years leading halliburton, Chief Executive Dave Leasar has faced down criticism over some big issues. The companies no bid contract to provide logistical support for the US military in Iraq, for example. a foreign corrupt practices act investigating into construction work in Nigeria. Halliburton work on the deepwater horizon drilling rig before it exploded in 2010. an most recently halliburton role as a leader in hydraulic fracturing, which has come under fire from many environmental groups

Big data gets master treatment executives at blue chip firms

Executives at blue chip firms like General Electric, Boring, Disney, Yum brands, and General motors say they need more fires with analytics talent. we find it invaluable to have people who can synthesize data and suggest changes based on those insights, said Melissa lora, president of yum brands taco bell international

As Personality Test multiply, Employers are Split How do you use college to learn to be an entrepreneur?...

For the student looking to launch a company after graduation, the answers to the typical questions- where do you go to school, what do you study, what clubs do you join and so on- aren't necessarily the usual ones. Aspiring entrepreneurs should view college as a unique chance to build up a set of diverse skills, create a network of potential investors and partners, and soak up life experiences that will help them fly solo.

Bosses Seek Critical thinking but what is that? For their part

For their part students seem to think they are ready for the office. but their future bosses tend to disagree. A Harris interactive survey of 2,001 US college students and 1,000 hiring managers last fall found that 69% of students felt they were very or completely prepared for problem solving tasks in the workplace while fewer than half of the employers agreed

Gladstone ans disreali have what charisma..

Gladstone had superficial charisma. disreali had authentic/genuine charisma

Goldman Partners Get word and perks Goldman Sachs group Inc on Wednesday

Goldman Sachs Group Inc. on wednesday promoted 78 people to the converted role of partner, the second smallest class since the banks 1999 initial public offering. when the 78 are formally elevated in January-the culmination of a biannual process that capture the attention of Goldman insiders and outsiders alike-the bank we have 467 partners or about 1.6% of the firms full time employees.

Goldman Partners Get word and perks Goldman partners have long enjoyed

Goldman partners have long enjoyed special perks at the company. the firms partners participate in a bonus pool that is separate from the cash that funds bonuses for the rest of the firms employees and they have more choices on the private. Goldman funds in which they can invest. partners are held to higher standards by the firms senior executives.

Team Building and teamwork Group: Teams:

Group: two or more people who interact with each other team: A group whose members work intensely with each other in order to achieve a common purpose. all teams are groups but not all groups are teams

Video three Steve Jobs in 2005 (at Stanford) Story One- Connecting the Dots

He has no idea what he was going to do with his life. So he dropped in on curiosity. This is priceless. What fascinates you? Where are you intrigued with? Where are you curious? Follow it!

Know the story of Lester Wunderman

He is a great example of intrinsic motivation

For Halliburtion's Chief With A think skin, controversy is familiar He said his time leading halliburton

He said his time leading halliburton, when the company become the butt of late night comedians, jokes, helped him develop a think skin. mr leaser said he didn't worry about what people outside the company said or thought about halliburton. you have to love your job, which i do. you need to make sure your employees are focused on doing what we do. which is serving our oil and gas customers

Video One- Steve jobs: Think different Here to the crazy ones

Heres to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes. the ones who see things differently. they're not fond of rules. ad they have no respect for the status quo. You can quote them, disagree with them, glorify or vilify them.

Diagnostic tools for measuring how well we really can do work with people:

How are your people skills? do you mix well with strangers? do you interact well with all kinds of people? can you find common ground readily?

How can you have charisma?

How can you have charisma? be more concerned about making other feel good about themselves than you are making them feel good about you

How to measure your own level of commitment?

How to measure your own level of commitment? look at your calendar and your checkbook. there you will see what you truly committed to

Boeings Senior Vice President of operations said

I have never fired anyone in 30 years for engineering failure, but only for human failures.

Notable & Quotable How will you use your gifts? what choices will you make? I will hazard a prediction

I will Hazard a prediction. when you are 80 years old, and in quiet moment of reflection narrating for only yourself the most personal version of your life story, the telling that will be most compact and meaningful will be the series of choice you have made. in the end we are our choices. build yourself a great story

Video One- Steve jobs: Think different Holbein says

If you want to make a difference, you must be different and to be outstanding you must stand out

Bosses Seek Critical thinking but what is that? in sum companies

In sum companies want students who can "turn book learning into problem solving at work". that is why we use the wall street journal instead of a textbook in MGT 301

Juniper CEO resigns post after just 11 months on job Juniper networks inc said...in the boards judgement

In the boards judgement, the conduct was inconsistent with our expectations, mr Kriens said monday on a conference call with analysts. but its really about our definition of leadership at juniper. mr kheradpir couldn't be reached for comment, juniper said that he and its board have different perspectives

Initiators don't wait for

Initiators don't wait for other people to motivate them. they know it is their responsibility to push themselves beyond their comfort zone. in other words they have a strong internal locus of control

As Personality Test multiply, Employers are Split There are eight Lessons here: 7. Forget Vacations

Intern for entrepreneurs. do any kind of work, all work is good. study abroad

Training:

Involving short term, technical methods so that employees know how to perform their current jobs today. Two types of training 1. Classroom instruction-best for technical routines 2. on the job training- provides a richer set of skills Note: Training is usually more of lower level employees, while development is usually more for mangers

Sony Pares Down Before rebuilding It was a typical Sony corp

It was a typical Sony corp. earning presentation: another missed forecast, another rise in restructuring costs, another predicted annual loss.Then Kenichiro Yoshida did something unusual while conducting his inaugural earnings conferenced last may as the companies new chief financial officer. He criticized his predecessors, saying they has responded to the decline of one of japans proudest technology companies with insufficiency or delay. to some observers Mr Yoshidas blunt willingness to burn bridges to the past signaled that sony was finally ready for real change

Performance Appraisal and feedback- makes most mangers very nervous Performance Appraisal

Judging/ evaluating an employs job performance. 3 ways to appraise people: 1. Trait Appraisal: Most common and most useless. Judging people based on subjective personal opinion, not performance 2. Behavior Appraisal: Do employees follow instructions? look at their actions 3. Result Appraisal: the most objective; judgement based on what people have actually accomplished. Cons- it might lead to unethical behavior, and it occurs only after the fact, so a manger can't correct performance as it is happening Note:Use both Behavior Appraisal and result appraisal

Juniper CEO resigns post after just 11 months on job Juniper networks inc said

Juniper Networks Inc. said chief executive shaygan kheradpir has resigned following aboard review of his conduct, a surpass development that the company traced partly to a negotiation with a customer. scott kriens, junipers chairman and its CEO for a dazen years said the boards view of Mr. Kheradir's leadership style also played a role in its decision.

As Personality Test multiply, Employers are Split There are eight Lessons here: 5. focus on experience- not grades

Just as the brand name of a school doesn't matter much, neither do the grades on a transcript. instead of putting all their time and engery into keeping their GPA high, entrepreneurial students should focus on taking away the information and skills they need, as well as key relationship and experience. that means pouring a lot of effort into extracurriculars

There are two types of motivation 2.Extrinsic motivation

Leads to behavior that is performed to acquire something, or to avoid something. the source of extrinsic motivation is the consequences of the behavior, not the behavior itself

Lesson Added by Holbein

Lesson Added by Holbein: like with Michelangelo, duty to honoring a purpose higher than yourself gives you the power of commitment to work through things that are not your "passion". you do not necessarily have to like what you are doing to do a great work

Development

Long term holistic methods so that employees are enabled to take on new duties and meet new challenges into the future. two types of development: 1. job oration among a variety of departments and functions 2. formal education credits (tuition reimbursement) Note: Training is usually more of lower level employees, while development is usually more for mangers

As Personality Test multiply, Employers are Split There are eight Lessons here: 8. think hard before launching

Many experts note that the classroom and campus can be great places to conceive and test out new business ideas-plus, the risk are low, especially for undergraduate students. the downside risk of failing is at its lowest.

Maxwell describes authentic/

Maxwell Describes authentic/ genuine charisma, not superficial charisma

Who judges an employees performance?

More than just the boss. 360 degrees: everyone around you judges your performance. this includes: 1. your boss 2. your subordinates 3. your peer/colleagues 4. your customers/clients 5. your self too

Most people think of

Most people think of charisma as something mystical, almost undefinable. they think its a quality that comes at birth or not at all. but thats not true. charisma, plainly stated, it the ability to draw people to you. and like other character traits it can be developed

Martyn Lloyd-Jones said

Most unhappiness in life is due to the fact that you are listening to yourself rather than talking to yourself

As Personality Test multiply, Employers are Split There are eight Lessons here: 1.A big name School doesn't always matter much

Most ventures capitalists care less about entrepreneurs college history than whiter or not their startup is solving a big problem and if the founders are the right people. business (like Life) is about doing good/adding value for others. and venture capitalists care whether you are the kind of human being they want to work with.

For Halliburtion's Chief With A think skin, controversy is familiar Mr Leasr become CEO

Mr Lesar become CEO when Dick Cheney abruptly left to be vice president. Mr Lesar had 48 hours to prepare for the top job. asked if he was ready to the lead the company on such short notice, Mr Lesar said that he didn't count himself. I certainly believe i was he said others may strongly disagree, but I'm a self confident enough guy to think that yes i was ready.

No Matters how good

No Matters how good your plan and straggles are, without the ability to get people to do what they otherwise would not do, and to do it with direction, energy and persistence, you are not much of a leader. as a manger, you have nine methods to boost the extrinsic motivation of your employees

For Halliburtion's Chief With A think skin, controversy is familiar Now Mr lesar, 61 years old

Now Mr Lesar, 61 years old is facing criticism over his hostile bid to take over Baker Hughes. The smaller oil field service rival, in an email to mr lesar, described Halliburton actions as intransigent and inappropriate. a Halliburton spokeswomen declined to comment

Bosses Seek Critical thinking but what is that? One Key

One key to be prepared for corporate work is critical thinking. Mentions of critical thinking in job postings have doubled since 2009

Senator Robert Kennedy said

Only those who dare to fail greatly can ever achieve greatly.

Methods to Boost the Extrinsic motivation of your employees Method #5 Need for Fairness/Equality/Justice

P(my O/I)>or equal to P (their O/I) P= perception or point of view O= out take (what is obtained from the job) I= Input (what is put into the work) Am i getting as much out of this job, considering how much i put into it, in relation to others?

Satya Nadella, Chief of Microsoft, On His New Role The following is an expert from an interview with the new CEO of Microsoft

Q: How do you Hire? What questions do you ask? A: I do a kind of 360 review. I will ask the individual to tell me what their manager would say about them, what their peers would say about them, what their direct reports would say about them, and in some cases what their customers or partners may say about them. that particle line of questioning leads into fantastic threads, and I've found that to be great one for understanding their awareness.

Remembering that you

Remembering that you are going to die is the best way i know to avoid the trap of thinking you have something to lose

Note: Selecting the right

Selecting the right employees to hire was the managerial responsibility that made Holbein most nervous. It is critical to hire good employees. it is dangerous to hire poor employees. and it is very difficult to tell beforehand who will work out well

Conrad Hilton said,

Success seems to be connected with action. successful people keep moving

Goldman Partners Get word and perks The Goldman Partner title

The Goldman "partner" title still resonates throughout wall street, whose denizen search Wednesday list fot familiar names. it also brings a salary of about 900,000 a year, plus bonuses that can be multiples of the base pay. its subtle, but its real, said Jay Dweck, a former Goldman partner. it makes you feel like all the work you've done over the years is being acknowledged...your day to day job is the same but there are difference. you are more visible to a lot more people and the expect ions have changed

Sony Pares down before rebuilding The Lesson?

The Lesson? A "blunt willingness to burn bridges to the past" maybe necessary to move on to the future and succeed.

Methods to Boost the Extrinsic motivation of your employees Method #2: Abraham Maslow's Hierarchy of Needs Helps satisfy employees 5 basic needs the point for managers

The Point for managers is NOT whether the needs only move in one direction as Maslow taught. the main lesson from Maslow is to know each employees individual, personal needs by getting in touch with him or her

Williams james said

The greatest discovery of my generation is that human begins can alter their lives by altering their attitude of mind

Benjamin Disraeli said

The greatest good you can do for another is not just to share your riches but to reveal to him his own

The impact of Michelangelo

The impact of Michelangelos talents created the potential for greatness, but without commitment, his influence would have been minimal

As Personality Test multiply, Employers are Split There are eight Lessons here: 2. Put networking above all else

The most valuable people in your network are those who are not close to you and similar to you. people who are close to you and similar to you bring no new value-added: you already have what they have. people who are outliers add new value to your network. you need "to be exposed to a vast array of ideas" like the top of the holbein thumbtack

The only real

The only real measure of commitment is action

Methods to Boost the Extrinsic motivation of your employees Method #9 Merit Pay- Money Motivates people the possible problem with

The possible problem with profit sharing and employee stock ownership is that although employees may be working with direction, energy and persistence, the action of top executives and the forces of competition and the vernal economy may reduce company profits and stock price

Goldman Partners Get word and perks Goldman Sachs group Inc on Wednesday....the ritual of selecting partners

The ritual of selecting partners every two years has remained a core part of gold mans identity, a way to reward and motivate its most productive and promising employees-and help ensure the firms culture endures even as the world outside the firm changes on Wednesday morning, (CEO Lloyd) Blankfein and the rim president, Gary Cohn, called each of the 78 to share the good news

Denis Waitley said

The winner edge is not in a gifted birth, a high IQ, or in talent. The winner edge is all the attitude , not aptitude

There is no reason

There is no reason not to follow your heart

Goldman Partners Get word and perks These decisions are extremely

These decisions are extremely difficult and we would like to acknowledge the hard work of those who were not selected, Messrs Blankfein and Cohn wrote in a memo to employees. we are confident that many of them will be elected in the future

Goldman Partners Get word and perks Goldman partners have long enjoyed....they are expected to join

They are expected to join a number of committees that help oversee everything from risk to businesses standards. the expect ions are much higher. a former partner noted that a Goldman career can enter is most vulnerable stage in the year or so after the promotion; during that time, the former executive said the bright spotlight can lead senior executive to conclude they made the wrong call.

Sony Pares down before rebuilding this was the moment that

This was the moment that showed, now you get it, said Atul Goyal. for me there are only two ears at sony: before Yoshida and after Yoshida. That sentiment underscores how high the hopes are for mr Yoshida. on tuesday and during the following week, sony watchers could get a look at weather mr Yoshida hard nose approach is having an impact on the company outlook when sony holds stately briefings for investors.

Big Data gets master Treatment Those who can make sense of

Those who can make sense of big data and analytics are like the holbein thumbtack-both analytical and intuitive-a type of person who is neither fish nor fowl. so analytics is best studied in an interdisciplinary context. note the words combine, synthesize and interdisciplinary above. they suggest this analytic and intuitive approach

Notable & Quotable Tomorrow, in a very

Tomorrow in a very real sense your life- the life you author from scratch on your own-begins

A Note Regarding Outsourcing Outsourcing is defined as...

Using outside suppliers to help produce goods and services. It is not a recent phenomena, but has been practiced since the beginning of commerce among people

As Personality Test multiply, Employers are Split There are eight Lessons here: 4. you don't need a major in business what create.....

What create a like psychology or anthropology a journalism or communication course, for example, can help students get comfortable with cold calling. as holbein's ol daddy taught him, sale skills are the best place to start because in every line of work you must seek to connect with people.

Know the story of william gladstone and benjamin disraeli

When i left the dinning room after sitting next to mr gladstone, i thought he was the cleverest man in England. but after sitting next to mr disreali, i thought i was the cleverest women in England

Methods to Boost the Extrinsic motivation of your employees Method #4 McClelland's Ideas

White collar, highly educated professionals have 3 primary needs that motivate them: 1. Need for achievement; give them challenging work 2. Need for affiliation, work with other similar professionals 3. need for power over decisions

Video One- Steve jobs: Think different All of these people changed.....WHY DID THEY

Why did they invest their knowledge, skills, experience, time and love into us? So that we would use it to create something better. This is the same reason why donors give to, and invest in, a university- to endow it with the potential to do good and change the world for the better

You are already naked

You are already naked

Motivation

a person individual, psychological state that influences the direction, energy and persistence of their work -Direction=working on task and focused without distraction -Energy=working vigorously with great effort -Persistence=whether a person keeps trying in the face of obstacles

Video two Steve Jobs in 1980 He established a company with...

a philosophical base centered on one principle: a one-on-one interaction with people. So we too must have a philosophical base that gives us good, clear values and priorities. When we establish that, we will work with power and become successful.

Validity

a selection tool is valid to the extent that it predicts future job performance

As Personality Tests Multiply, Employers are Split Xerox quit looking at data...

about job applicants commuting time even though data showed that customer service employees who got to work faster were likely to keep their jobs at Xerox longer. Xerox managers decided the information could put applicants from minority neighborhoods at a disadvantage in the hiring process

Video two Steve Jobs in 1980 He was excited and enthusiastic...

about new things like VisCalc, the first real spreadsheet. He demonstrated a sense of wonderful and awe. He was curious.

Diagnostic tool: as you talk to others..

as you talk to others, determine how much of your conversation is concentrated on yourself. if that is large, you have little authentic/genuine charisma

As Personality Tests Multiply, Employers are Split Workers who apply online...

at RadioShack must say if they agree with the statement: Over the course of the day, I can experience many mood changes. Lowe's asks jobs seeks if they 'believe that others have good intentions'. A test as McDonald's said: If something very bad happens, it takes some time before I feel happy again.

Napoleon Bonaparte

characterized leaders as "dealers in hope"

Jack Welch, former chairman and CEO of GE

created more value for other people than most CEOs. he said "nothing else matters if we don't get the people things right"

Compensation and Benefits An increasingly popular approach to...

employee benefits today is "cafeteria plans" Employees are given benefit credits that they can use to get whatever set of benefits are best for them.

As Personality Test multiply, Employers are Split There are eight Lessons here: 6. seek out good (relationships with) advisors

get to know your professors so they can speak "candidly" with you and about you. "candid" is code for blunt.

As Personality Tests Multiply, Employers are Split But the rise of personality test...

has sparked growing scrutiny of their effectiveness and fairness. Some companies have scaled back, changed or eliminated their use of such test. Civil- rights groups long focused on overt forms of workplace discrimination claim that data-driven algorithms powering the tests could make jobs harder to get for people who don't conform to rigid formulas

If you look at the lives

if you look at the lives of people in an profession who achieve lasting success, you will find that they almost always possess a positive outlook on life

if your focus is on what you can put

if your focus is on what you can put into people than than what you can get out of them. they'll love and respect you

As Personality Tests Multiply, Employers are Split Xerox says test have reduced attrition...

in high-turnover customer-service jobs by 20 or more days in some cases. Dialog direct says the testing software allows the call-center operator and manager to predict with 80% accuracy which employee will get the highest performance scores. This ability of an employee selection tool to predict future job performance is call its validity.

Bill Bradley was told

just remember that if you're not working at your game to the utmost of your ability, there will be someone out there somewhere with equal ability. and one day you'll play each other, and hell have the advantage

There are two types of motivation 1. intrinsic motivation

leads to behavior that are performed for their own sake. the source of intrinsic motivation is actually engaging in that behavior. intrinsic motivation gives a sense of accomplishment derived from doing the task well

Know the stories of Thomas Edison inventing the light bulb

learning 10,000 lessons, and about his lab burning down (kids go get your mother, shesll never see another fire like this one) he was an optimist, seeing the best in everything

Much of who

much of who we are is in our choices and actions, not in our birth or our biology

Video two Steve Jobs in 1980 The future is unforeseen. He had...

no idea where his work would lead. He had no idea how others would use his products. But he wanted to serve others, to amplify human ability, and so he had enough faith to trust the future without seeing it. Holbein says, "you cannot see or control what is to come. But you do know enough to do what is right and good today. It is impossible to persistently and consistently do good today and end up in a bad spot tomorrow"

As Personality Tests Multiply, Employers are Split Test sellers have said their...

own studies show personality test don't have an adverse impact on applicants based on race or gender. However, little work has been done on disabilities

People don't care

people don't care how much you know, until they know how much you care

At Baker huges, Merger-Savvy CEO Wrestles With Hostile Overture Marin Craighead, CEO of Baker Huges

said he deeded he wanted to manage after easing a project in south america. it first become obvious to me when i was thrown into a turnaround operation in western Venezilea as a district manager. I really enjoyed getting the best out of people, particularly unrecognized talent. i was highly motivated to wipe out threats in direct conflict to our business with what i believed was best for the company

As Personality Tests Multiply, Employers are Split Automated personality test can...

screen out the 30% of applicants who are least qualified before an employer even looks at a resume

As Personality Tests Multiply, Employers are Split The use of online personality...

test by employers has surged in the past decade as they try to streamline the hiring process, especially for customer-service jobs. Such test are used to assess the personality, skills, cognitive abilities and other traits of 60% to 70% of prospective workers in the US up from 30% to 40% about five years ago

As Personality Tests Multiply, Employers are Split So companies are now expanding...

test to also examine "a job seeker's motivation, creativity and technical aptitude."

Le Roy Kurtz of general motors said

the fields of industry are strewn with the bones of those organizations whose leadership becomes infested with dry rot. who believed in taking instead of giving...who didn't realize that the only assets that could not be replaced easily were the human ones

Victor Frankl death camp survivor said

the last of our human freedom is to choose our attitude in any given circumstance

Selection

the process by which mangers determine the relative qualifications of applicants, and their potential for performing well into the future

President John F Kennedy said

there are risk and costs to a program of action, but they are far less than the long range risk and cost of comfortable inactions. Holdbein adds the old quotation "great ships are always safe if they stay in the harbor. but that is not why we build great ships

Team building & teamwork these must be done

these must be done in this order! If the team's results start to fail or falter or fall behind, recycle to the forming stage

Video three Steve Jobs in 2005 (at Stanford) Story Three- Death "remembering that you are going...

to die is the best way I know to avoid the trap of thinking you have something to lose.

Video two Steve Jobs in 1980 He met with young school kids...

to really see how they use computers. Holbein Mantra says, "Shut Down the spreadsheets, turn off the computer, get out of the office, go down to the shop floor, get out in the field, walk slowly among the crowd, look into their eyes, hear them breathe, see them sweat, get in touch.

As Personality Test multiply, Employers are Split There are eight Lessons here: 4. you don't need to major in business what should...

what should budding entrepreneurs study once they pick a school? anything they want. you can follow your passion, but today that has become self serving pleasure seeking instead of selfless sacrificial service (the original meaning of passions). purse your curiosity. what intrigues you? what fascinates you?

Video One- Steve jobs: Think different you or i may not

you or I may not become as famous as the people listed above, or maybe we will. but each one of us will touch someone. it may be just one person in one moment. To us it may seem small, or even insignificant. but to that other person, it will change the world