[Adapted and shortened - please read the original at the source linked below]
If you read one book on executive self-management read: The Effective Executive by Peter Drucker.
Anyone who has responsibility for getting the right things done is an executive.
#1: Manage Yourself"
That one can truly manage other people is by no means adequately proven," Drucker writes, "But one can always manage oneself." How can you possibly expect others to perform at the highest levels without first expecting that of yourself? If you want the average performance of those around you to go up, you must first improve your own performance.
#2: Do what you're made for
We are all incompetent at most things. The question is not how to turn incompetence into excellence, but to ask, "What can a person do uncommonly well?" Your responsibility is to know your competence—what you can do very well, what you are made for and align your life and work to it. "To focus on weakness is not only foolish; it is irresponsible," says Drucker. Do what you're made for, but then get better and better; eradicate weakness, yes, but only within strength.
#3: Work how you work best (and let others do the same)
If you're a tool put here on this Earth to be useful, how does the tool best work? Per Drucker, we are made for ways of working the same way we are right-handed or left-handed. No one but you can take responsibility to leverage how you best work, and the sooner you do, the more years you have to gain.
#4: Count your time, and make it count
What gets measured gets managed. How can we manage our time if we don't measure where our time goes? Make your time count. The "secret" of people who do so many things, writes Drucker, is that they do only one thing at a time; they refuse to let themselves be squandered away in "small driblets [that] are no time at all." This requires the discipline to consolidate time into blocks, of three types. 1) create unbroken blocks for individual think time, during the most clear-thinking time of day for you; these pockets of quietude might be only 90 minutes, but even the busiest executive must do them with regularity. 2) create intervals of unstructured time for people and the random things that come up. 3) only take meetings that matter (see next tip for how to do this)
#5: Prepare better meetings
Effective people make the most of meetings, and do this with consistent discipline. Prepare: have a clear purpose in mind ("why are we having this meeting?") and disciplined follow-up. Don’t waste other peoples time. And while we must all lead or join meetings, they should be limited to those meetings that result in the most useful work.
#6: Don't make 100 decisions when 1 will work
The most effective people find the patterns within chaos. We rarely face truly unique, one-off decisions. And there is a cost to good decision: it requires 1) argument and debate; 2) time for reflection and concentration; and, 3) energy expended to ensure superb execution. Make a fewer bigger decisions that apply to a large number of situations, to find a pattern within—in short, to go from chaos to concept.
[Warren Buffett learned to ignore possibilities as background noise. Instead, he makes a fewer, bigger decisions—such as to shift from buying mediocre companies at cheap prices to buying great companies at good prices. He repeated that decision. “Inactivity can be intelligent behavior”: contrast this with those who make hundreds of minor decisions with no big concept (strategy).]
#7: Find your one, big distinctive impact
Identify one, big thing that would most contribute to the future of your firm, and orchestrate getting it done. What is your one absolutely fundamental contribution that would not happen without you?
#8: Stop what you would not start now
Clear the clutter. Do not starve opportunity because you are busy with small problems resulting from past mistakes. If it were a decision today to start something you are already in (to enter a business, to hire a person, to institute a policy, to launch a project, etc.), would you do it today? If not, then stop doing it now.
#9: Run lean
The accomplishments of one good human resource in a key position are much larger than all the combined accomplishment of dividing the seat among multiple not-so-good people. Get better people, give them big things to do, enlarge responsibilities, let them work. Resist temptation to redesign positions to personalities. The fewer people, the smaller, less activity inside, the more nearly perfect is the organization.
#10: Be useful
You to spend a lot of energy on the question of how to be successful. But that is the wrong question.The question is: how to be useful!” What will your work add up to? How will other people's lives be changed? What difference will it make?
Read the full article at jimcollins.com (Jim Collins, May 17, 2016)
We like this post by NfX that describes what great founders do in a downturn.
According to the post, "in a downturn, the wise Founder will know the first action needed is a pivot of the mind. The CEO’s psychology is the greatest point of leverage in a company’s success or failure."
Read about eight mind shifts of CEOs of companies that survived, then thrived, despite downturns.
One of the most liked presentations among all HATCH! FAIR activities was a talk about the concept of "Authentic Demand", by Merrick Furst from FlashPoint (Georgia Tech).
He revealed the critical importance of the concept for all entrepreneurs. And, whilst principles are always true, regardless of your external environment; today, in the face of a pandemic with broad restrictions effecting every business, timeless truths should resonate even more...no?
What do you think? Watch the video and comment below!
Merrick Furst is the first Distinguished Professor at the College of Computing, at Georgia (USA) Tech University. Merrick was also president and director of the International Computer Science Institute at University of California at Berkeley.
AN EXCLUSIVE "SLICING PIE" WEBINAR
Slicing Pie 101: Using Equity to Grow Your Startup
Hosted by Mike Moyer
(03 April at 12:00 Central Daylight Time USA
Indochina time:04 April 00:00 (this converts to April 3rd, at 12 midnight)
CultureSync, a website managed by writers of the best-selling books Tribal Leadership and The Three Laws of Performance offer some advice for leaders who are now having to manage people working from home. Take a look at their 8 tips. Get answers to:
CultureSync, 1 trang web được điều hành bởi tác giả của các cuốn sách bán chạy nhất, Tribal Leadership (Tạm dịch: Lãnh đạo Bộ lạc) và The Three Laws of Performance (Tạm dịch: Ba Quy luật của Hiệu quả), đưa ra nhiều lời khuyên cho những nhà lãnh đạo hiện đang quản lý nhân viên làm việc tại nhà. Hãy tham khảo 8 bí quyết được đưa ra và tìm giải pháp cho:
Gigaom published an interview on the topic of "Edge Computing".
Learn the four key mistakes to avoid when evaluating and implementing Edge Computing solutions.
"This free 1-hour pre-recorded webinar video from GigaOm Research brings together experts in Edge Computing, featuring GigaOm analyst Ned Bellavance and special guest from Scale Computing, Dave Demlow, Vice President of Product Management."
Source: GigaOm, which offers news, analysis, and opinions on startup companies, emerging technologies, and other technology related topics. It was started by Om Malik in San Francisco, California.
When one company cannot pay invoices, many other companies start to have cash flow issues. COVID-19 can cause challenges to have enough cash very soon. The situation is also effecting the sentiment on investors who are pulling back their appetite for risk.
Startup Commons founders' and advisors' webinar gives you common lessons on how to manage financials and cash positions during a crisis. Entrepreneurs and management of SMEs and startups should join to get info on topics like
Date And TimeThu, April 2, 2020
13:00 - 14:00 GMT
15:00 – 16:00 CEST
20:00 - 21:00 ICT (GMT +7)
Adapted from Startup Commons
Quản trị các dòn tiền trong khủng hoảng: Webinar
Khi một công ty không thể thanh toán được các hoá đơn, thì nhiều công ty khác bắt đầu có vấn đề về thanh khoản. COVID-19 có thể sớm gây ra nhiều thách thức về thiếu hụt tiền mặt. Tình hình cũng bị ảnh hưởng đến thái độ của nhà đầu tư là chuyển sang phòng thủ để giảm thiểu rủi ro.
Buổi hội thảo trực tuyến webinar của các Nhà Sáng lập và Nhà đầu tư sẽ giải đáp các thắc mắc về quản trị tài chính và vai trò của tiền mặt trong cuộc khủng hoảng. Các doanh nhân và nhà quản trị của doanh nghiệp nhỏ và vừa và các công ty khởi nghiệp nên tham dự để có giải đáp về các vấn đề liên quan đến:
Webinar, sẽ có phần hỏi đáp (Q&A) và trao đổi kinh nghiệm với các doanh nhân và quản lý cấp cao. Đừng bỏ lỡ cơ hội này.
Thời gian: Thứ 5 ngày 2/4/2020.
13:00 - 14:00 GMT
15:00 – 16:00 CEST
20:00 - 21:00 ICT (GMT +7).
Adapted from Startup Commons
Startup Commons, "the Ultimate Startup Knowledge Library Made For You By Ecosystem Experts" has decided to open and make all Startup Commons online innovation entrepreneurship curriculum courses globally available for free to create an opportunity for anyone from anywhere in the world, to be better prepared for the positive opportunities during and after the virus pandemic.
Use the code STAYATHOME to get 100% discount for:
Growth Academy for Business Creators
Growth Academy for Support Providers
Startup Commons has developed the innovation entrepreneurship curriculum fully as an ‘open source’ resource, "with the aim to spread this content faster than COVID-19 and eventually help as many people as possible to overcome this hard economic situation".
Vietnam cosmetics trend 2020
New report outlines usage, consumption and trend of the Vietnam cosmetic market 2020.
In the report you will learn numbers and data from 458 females (over 16 years) nationwide:
Conducted on Jan 2020 by Q&Me Vietnam Market Research
Xu hướng tiêu dùng mỹ phẩm tại Việt Nam 2020
Báo cáo mới về xu hướng thị trường mỹ phẩm phác thảo một bức tranh tổng thể về thói quen và xu hướng tiêu dùng mỹ phẩm tại Việt Nam.
Trong báo cáo, bạn sẽ tìm hiểu số lượng và dữ liệu từ 458 nữ (trên 16 tuổi) trên toàn quốc:
Tiến hành vào tháng 1 năm 2020 bởi Q & Me Vietnam Research Research