Archive for July, 2008

Saving face

Thursday, July 31st, 2008

To not humiliate a person in public or to take preventative actions to not be self humiliated in public is often referred to as ‘saving face’. ‘Saving face’ is about protecting the way in which other people view you. ‘Cut to pieces’ is the opposite of ‘saving face’. A wise negotiator or ...

Innovation throughout

Wednesday, July 30th, 2008

Innovation is one of the key characteristics of an entrepreneur. We tend to visualise new technology and gadgets when we talk of innovation. Yet, innovation can have a richer meaning. Drucker defines economical innovation as the task of equipping human and material resources with new and greater wealth-producing capacity. The result ...

It is not inside…

Monday, July 28th, 2008

According to Drucker – the father of ‘modern management’ - the purpose of a business must lie outside of the business itself. A business cannot exist for itself and unto itself. For Drucker, the only valid definition of a business purpose is to create a customer. To have a successful business ...

Utter determination

Thursday, July 24th, 2008

Determination is: a firmness of purpose, steadfastness, and single-mindedness [Readers Digest Oxford]. Entrepreneurs are people who refuse to let go of their dreams or goals in life. They display an ability to sustain the same commitment and capacity in the long run. During interaction with entrepreneurs I often felt that their accomplishments ...

StrategyTuesday #21: Finding opportunities

Tuesday, July 22nd, 2008

A few months ago I wrote two StrategyTuesdays (#5 & #8) on how to spot new opportunities. I tried to give pointers to the question: How/where do you get a new ideas in a world where almost everything has already been tried? Today I would like to add ...

Reward excellent failures…

Monday, July 21st, 2008

...& punish mediocre successes. [Daniels, In Peters] Fear of failure often inhibits your personal growth, the expansion of your business and your learning curve. Sometimes we achieve success but upon honest evaluation we find that we’ve obtained success by playing safe, going for the mediocre successes because it was the save ...

Time matrix - after thoughts

Friday, July 18th, 2008

With reference to the two StrategyTuesdays (#20 and #20 continue) posted on the time management matrix the following after-thoughts: Q2 issues usually involve more creativity. Q1 issues generally involve more mechanical thinking. An overflowing inbox is a Q1 activity. A way to handle it with a Q2 mentality would be to ...

StrategyTuesday #20: Time Management Matrix - continue

Wednesday, July 16th, 2008

Following on yesterday’s StrategyTuesday #20 we are today looking at Q3 and Q4 of Covey’s time management matrix. Q3 represents activities that are urgent but not important to you (although they may be important on someone else’s matrix). Here the ‘noise’ of urgency sometimes tricks us into thinking an activity ...

StrategyTuesday #20: Time Management Matrix

Tuesday, July 15th, 2008

Time is for all of us a very valuable commodity. A tool that I find very useful to manage my time with is the time management matrix from Stephen Covey. For today’s StrategyTuesday I would like to summarise this matrix. The matrix categorises activities into 4 quadrants (Q1 - ...

A waste of a life

Monday, July 14th, 2008

I had to renew my motor vehicle licence last week. I realised anew how I dreaded it to deal with government organisations. If I could structure my life in such a way that I didn’t have to have contact with any government official, I would gladly do it. ...