Case studies on what happens if you dont innovate.
Being a Leader today doesn't mean that you will be leader forever.
An absolute NO for an entrepreneur is Dont start a startup like a bureaucratic organization.
4. Management – The Process By Henri Foyal – French Industrialist in 1916 Next we will check From the Management Process to real action of the managers Monday, November 03, 2008 eMail: araf.karsh@gmail.com Blog: http://arafkarsh.blogspot.com
5. Management – In Action Monday, November 03, 2008 eMail: araf.karsh@gmail.com Blog: http://arafkarsh.blogspot.com
6. Management – The Need P assion Monday, November 03, 2008 eMail: araf.karsh@gmail.com Blog: http://arafkarsh.blogspot.com By Jack Welch - Winning E nergy E nergize E dge E xecute 4E + 1P
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11. Hedgehog Concept It ’s NOT a Goal, A Strategy, Or intention. It is an understanding Monday, November 03, 2008 eMail: araf.karsh@gmail.com Blog: http://arafkarsh.blogspot.com
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13. Culture of Discipline High High Low Ethic of Entrepreneurship Culture of Discipline Monday, November 03, 2008 eMail: araf.karsh@gmail.com Blog: http://arafkarsh.blogspot.com Hierarchical Organization Bureaucratic Organization Great Organization Start up Organization
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Hinweis der Redaktion
Management – Expectations from the new recruit By Araf Karsh Hamid eMail: araf.karsh@gmail.com Blog: http://arafkarsh.blogspot.com Web: http://www.arafkarsh.com
By Henri Foyal – French Industrialist in 1916.
Interpersonal Roles Organization Head – Salesman takes Customer for a lunch, President greets touring dignitaries, Foreman attends the wedding of the lathe operator. Leader – Employee motivation, Direction Liaison – Managers spends time with horizontal chain – peers (other than the Vertical Chain of Command) Informational Roles Monitor – Manager is scanning for information constantly – Most of these info comes thru digital media Disseminator – Manager passes some info to sub ordinates. Spokesperson – He will become a spokesperson for the team. Ex. Foreman suggests product modifications to supplier. Decisional Roles Entrepreneur – In this role manager seeks ways to improve the teams output, organizations output, A CEO looking for new ideas. Exception Handling – Handling unexpected disturbances to the routine work. Resource Allocator – Allocation of the right resource for the task based on organizational priorities. Negotiator – Manager of a cricket player negotiating for better contract. Foreman negotiating for a better pay packet for the employees etc. The Managers Job – Folklore and fact written by Henry Mintzberg in Harvard Business Review
4E = Energy, Energize, Edge, Execute 1P = Passion By Jack Welch in the book Winning
The result of the each goal must be assigned as Yes (achieved) or No (not achieved) Organization will have at least 3 Goals for the quarter Each department will be assigned goals to achieve the organizational goals Each employee will be assigned goals to achieve the department goals
Concept from the Book Good to Great by Jim Collins
Circuit City CEO – Alan Wurtzel Silo – Sidney Cooper What makes the company great is getting the right people in the bus. Philip Morris CEO – Joe Cullman R.J Reynolds - Put the best person in the biggest opportunity and not the biggest problem Joe Cullman assigned George Wiesman from domestic (99% business) to International (1% business). Wiesman created the international market and created Malboro the no.1 brand in the world.
Kroger – CEO Jim Herring during the Kroger transitional period. A&P – The Great Atlantic & Pacific Tea Company Build by Hartford Brothers and run by Ralph Burger (1950 – 1970) In the early 1950 ’s A&P was the largest retailer in the world.
From the book Good to Great by Jim Collins
From the book Good to Great by Jim Collins
Concept from Good to Great by Jim Collins Disciplined People – No Hierarchy Disciplined Thought – No Bureaucracy Disciplined Action – No Excessive Controls
Kimberly Clarke – CEO Darwin Smith for 20 years
Walgreens CEO – Corg Walgreens
Market Capitalization Market capitalization/capitalisation (aka market cap , mkt cap or capitalized/capitalised value ) is a measurement of corporate or economic size equal to the share price times the number of shares outstanding of a public company . As owning stock represents owning the company, including all its assets , capitalization could represent the public opinion of a company's net worth and is a determining factor in stock valuation . Likewise, the capitalization of stock markets or economic regions may be compared to other economic indicators . The total market capitalization of all publicly traded companies in the world was US$51.2 trillion in January 2007 [1] and rose as high as US$57.5 trillion in May 2008 [2] before dropping below US$50 trillion in August 2008 and slightly above US$40 trillion in September 2008. [3] Categorization of companies by capitalization Traditionally, companies are divided into large-cap , mid-cap , and small-cap . People have rules of thumb to determine category from market capitalization. These need to be adjusted over time due to inflation, population change, and overall market valuation (for example, $1 billion was a large market cap in 1950 but is now not very large), and they may be different for different countries. A common rule of thumb may look like: [4] large-cap: over $5 billion mid-cap: from $1 billion to $5 billion small-cap: under $1 billion