Memorable quotes from the eccentric billionaire

November 30, 2010

“a list of ten memorable quotes from the eccentric billionaire that offer guidance on leading a life beyond ordinary. A sampling:

“There is no one to follow, there is nothing to copy.”

Life is always fresh and new. We are always on the leading edge, and the successes of the future will not rely on old ways of doing things. Thinking outside the box, embracing change, innovating, taking risks – these are the hallmarks of success in all facets of life.

“I can honestly say that I have never gone into any business purely to make money. If that is the sole motive, then I believe you are better off doing nothing.”

Money is a by-product. It is not a goal in itself. Those who simply chase money end up with nothing of true value, because money in itself does not add anything to life. Money cannot buy the things that matter most in people – wisdom, serenity, leadership, happiness.

“If you can indulge in your passion, life will be far more interesting than if you’re just working.”

Someone said that if you enjoy your job, you’ll never have to work another day. Not everyone can go out and ‘indulge their passion’ right away, but there is good to found in all jobs, and if we focus on the good things, looking for that which is pleasing and which, perhaps, we can influence, it will expand.

Full list of life lessons at Dumb Little Man.”

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Game-Changing Innovations From Emerging Markets

November 30, 2010

“It’s a shame Obama — and the Western press — didn’t pay attention to the far bigger story happening in many of the countries on his visit: real, game-changing innovations from emerging markets that could point the way for currently stagnant Western firms. The good news for the world economy is that, with economic development occurring in a more dispersed fashion, experiments are underway in more diverse institutional settings than ever before. So, with the right attitude and mindset Western economies should expect to see the emergence of viable models from all over the world, not just their backyards. … A good start would be to abandon shibboleths regarding emerging markets and recognize the expanding areas of innovation emanating from them.”

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Reverse Mentorship

November 30, 2010

“The word “mentorship” usually evokes imagery of an older, more experienced individual imparting knowledge and know-how upon a younger, bright-eyed and bushy-tailed individual — that’s the traditional use of the word that we’ve all come to know and accept.

Alexa Scordato, however, is turning that word on its head with a concept she calls reverse mentorship. … Pairing senior executives with digital natives seems like an obvious win for the digitally challenged; you put in a few hours a week, and the youngster teaches you how to use Twitter and Facebook. The term “reverse mentorship” can be a bit misleading in that way. What it really is, though, is a two-way conversation — digitally savvy newcomers to the business world have the opportunity to impart their tips and tricks for mastering the Internet, and senior business leaders act as role models and career coaches for budding professionals.”

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Congressional ethics – an oxymoron?

November 30, 2010

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10 – 1 = 12

November 30, 2010

“I promise, I’ll do better – just give me another chance”

This was the third time George was in Jerry’s office in the past 6 months.  First it was for some poorly completed work. Then, it was for a series of missed deadlines.    Now, he was there because of a careless error that cost the company a customer. …Because he was an outgoing person, George was popular around the office, but the 9 other members of Jerry’s team that he worked with had been growing resentful of his seeming ability to “talk his way out of any trouble”. George also knew that his skills were in high demand in his industry, and he figured there would be a reluctance to come down on him very hard because he’d be difficult to replace. He was right. …

Jerry sat back in his chair, and faced a moment of truth.  Does he accept this promise and hope that George finally gets his act together?   Or, does he finally cut his losses and take the risk of having to do more with less? These are the moments that test every leader, but in this case, the decision is very clear. …

10 – 1 = 12.

He should let George go, as soon as possible.  Why?”

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Design thinking is something different

November 30, 2010

“The concept of design in the traditional sense is often something that is added on at a later stage. Most of us are very familiar with the working routine of asking the designer to make an already developed idea even more attractive to consumers or companies, by applying an attractive design.

The concept of Design Thinking however, is something completely different. Quoting Tim Brown:

Design thinking can be described as a discipline that uses the designer’s sensibility and methods to match people’s needs with what is technologically feasible and what a viable business strategy can convert into customer value and market opportunity.

Some core ingredients in the design thinking process are: multidisciplinary teams working together and trying to identify and understand the core of the problem that needs to be solved. The way of working is not linear, it’s an iterative process, where you learn together from each iterative step.”

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When is a pay freeze not frozen

November 30, 2010

“Yesterday … President Obama … [announced] a Federal Employee Pay Freeze, which the White House says would save $2 billion over the rest of this fiscal year and $28 billion in cumulative savings over the next five years. President Obama’s freeze is really just a partial freeze that applies only to 2011 and 2012 cost of living increases. Most federal employees will still receive seniority-based pay increases over the next two years, and no one’s federal benefits will be affected. And those federal benefits are a big reason why federal worker compensation is so out of whack with private sector reality. … federal pay gives the average federal employee 30–40 percent greater total compensation (wages and benefits) than a comparable private sector worker. Worse, the current federal pay system does little to reward performance. As a result, the federal government is both overpaying underperforming workers and underpaying the most skilled federal employees.”

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