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		<title>10 Unfair Myths Bitter Nerds Will Eventually Spread About Steve Jobs</title>
		<link>http://www.businesspundit.com/10-unfair-myths-bitter-nerds-will-eventually-spread-about-steve-jobs/</link>
		<comments>http://www.businesspundit.com/10-unfair-myths-bitter-nerds-will-eventually-spread-about-steve-jobs/#comments</comments>
		<pubDate>Wed, 19 Oct 2011 19:10:49 +0000</pubDate>
		<dc:creator>Gerri</dc:creator>
				<category><![CDATA[Innovation]]></category>
		<category><![CDATA[Leadership]]></category>
		<category><![CDATA[People]]></category>
		<category><![CDATA[apple]]></category>
		<category><![CDATA[ipad]]></category>
		<category><![CDATA[ipod]]></category>
		<category><![CDATA[Mac]]></category>
		<category><![CDATA[steve jobs]]></category>
		<category><![CDATA[technology]]></category>
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		<description><![CDATA[<p>Share Unless you’ve been living under a rock for the past month, you’ve undoubtedly heard about the death of a computing icon, a man who changed how we interact with the virtual world forever.  I’m talking, of course, about Unix... <a href="http://www.businesspundit.com/10-unfair-myths-bitter-nerds-will-eventually-spread-about-steve-jobs/">Read more</a></p>]]></description>
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<p>Unless you’ve been living under a rock for the past month, you’ve undoubtedly heard about the death of a computing icon, a man who changed how we interact with the virtual world forever.  I’m talking, of course, about Unix creator <a href="http://en.wikipedia.org/wiki/Dennis_Ritchie">Dennis Ritchie</a>.  Just kidding, odds are the first time you heard Ritchie’s name in a sentence was recently, and the sentence had more mentions of “Apple”, “Steve Jobs”, uncapitalized “i”s and the phrase “and also Dennis Ritchie” than “Unix”.</p>
<p>During his life, Steve Jobs was no small source of contention among nerds, and the <a href="http://www.youtube.com/watch?v=siSHJfPWxs8">Mac vs. PC</a> debate raged for year after incomprehensibly rage-filled year (oh by the way we’re talking about Steve Jobs, he’s the one who died in case you missed that).  So undoubtedly, once the near-beatifying mourning of Jobs dies down, these same people will begin to whisper a whole slew of critiques of Jobs.  Some will be honest and well-reasoned, but this is the Internet so the majority will probably be loud, not very nuanced, and unfair to Jobs.  Some critiques such as:<br />
<span id="more-39912"></span></p>
<h2>Tablet Computers Pre-Date the iPad by Decades</h2>
<p style="text-align: center;"><img class="aligncenter size-full wp-image-39923" title="tablet" src="http://www.businesspundit.com/wp-content/uploads/2011/10/tablet.jpg" alt="" width="500" height="500" /></p>
<p style="text-align: center;"><a href="http://dubai-bb.com/files/apple_ipad_64gb_133.jpg" rel="lightbox[39912]">Image Source</a></p>
<p><strong>What They’ll Say:</strong><br />
The concept of a tablet computer is by no means novel at all.  In fact, the first patent for a tablet that electronically recorded handwriting was filed in <a href="http://www.freepatentsonline.com/386815.pdf">1888</a>, barely more than a decade after Thomas Edison first demonstrated his incandescent light bulb.  And even as far back as 1992, IBM was releasing <a href="http://en.wikipedia.org/wiki/ThinkPad#ThinkPad_700_series">fully-functional tablet PCs</a> as part of the ThinkPad lineup.  Of course these early versions didn’t have the power or functionality that current technology can offer, but all Jobs did was take a half-step forward based on almost a century’s worth of work by other people.</p>
<p><strong>Why It’s Unfair:</strong><br />
No less a great mind than Sir Isaac Newton once said, “If I have seen further it is only by standing on the shoulders of giants.”  In a word, no innovation occurs without building on millennia of effort that preceded it.  But most importantly for the iPad, it wasn’t the tablet technology that came before it, it was the technology the grew alongside it, most importantly the internet and Wi-Fi.  No matter the power of the processor or the amount of memory in a tablet, if you have to plug it in, its fundamental purpose is negated.  Tablets were envisaged as early as 1968 in <em>2001: A Space Odyssey</em> as tools of convenience, not workhorses, as we see a character use a tablet to <a href="http://upload.wikimedia.org/wikipedia/en/f/f3/2001interview.jpg" rel="lightbox[39912]">watch a video message</a> while eating his dinner.</p>
<p>So yes, Jobs didn’t exactly re-invent the personal computer with the iPad, but he did recognize that this oft-failed concept was finally at a point where it could be made feasible, at a time when the market for tablets <a href="http://en.wikipedia.org/wiki/Microsoft_Tablet_PC">had been dry</a> for almost a decade.  Not giving Jobs credit for gathering the knowledge of the preceding decades and distilling them into an elegant framework because a similar concept had been done before is like not giving Newton credit for creating calculus simply because Leibniz came up with something similar at around the same time.</p>
<h2>The iPod is Just a Fancy MP3 Player, Not a Fundamental Innovation</h2>
<p style="text-align: center;"><img class="aligncenter size-full wp-image-39918" title="ipod" src="http://www.businesspundit.com/wp-content/uploads/2011/10/ipod.jpg" alt="" width="500" height="840" /></p>
<p style="text-align: center;"><a href="http://ipodsiphonesineducation.wikispaces.com/file/view/itouch.jpg" rel="lightbox[39912]">Image Source</a></p>
<p><strong>What They’ll Say:</strong><br />
The product that really brought Apple into everyone’s side pocket was the iPod, but what’s so special about it?  Sure it allowed you to play MP3s and ditch the pile of CDs you used to carry around, but so did <a href="http://en.wikipedia.org/wiki/Portable_media_player#History">a lot of other products</a> in the market at the same time.  And a lot of those were cheaper, more versatile, and didn’t force you to go through proprietary Apple software to get music on your device.  The iPod won this war simply because it had the <a href="http://www.youtube.com/watch?v=NlHUz99l-eo">sexiest marketing campaign</a>, not because it was the best value.</p>
<p><strong>Why It’s Unfair:</strong><br />
Raise your hand if you owned an MP3 player before 2001.  Now explain the process by which you loaded music onto it.  Now explain how in the world you expected that to fundamentally replace a system where you put-a-thing-in-a-thing and press play.  The problem with MP3 players wasn’t sexiness or even technology; it was getting the digital files from the record producer to your device.  This involved a whole host of technological savvy and legal issues which Apple solved not by making the iPod, but making iPod stupid-simple to sync and (later) the iTunes store, respectively. Though it certainly didn’t hurt that they had some amazing advertising.</p>
<h2>Apple’s Computers Haven’t Changed Personal Computing Since the 80s</h2>
<p style="text-align: center;"><img class="aligncenter size-full wp-image-39913" title="80s" src="http://www.businesspundit.com/wp-content/uploads/2011/10/80s.jpg" alt="" width="500" height="500" /></p>
<p style="text-align: center;"><a href="http://www.joeydevilla.com/wordpress/wp-content/uploads/2009/05/80s-computers.jpg" rel="lightbox[39912]">Image Source</a></p>
<p><strong>What They’ll Say:</strong><br />
While all of Apple’s shiny portable products are nice, the truth is that you still do the vast majority of your day-to-day work on either a PC or a laptop.  No giant capacitive touch screen is going to change the fact that you can type a lot faster on a keyboard.  The personal computer forms the great spine of any productive worker (or particularly productive procrastinator), and Apple hasn’t made any great contributions to the field since the 80s.  Sure the iMacs are pretty and all that, but there’s simply no denying the fact that they’re <a href="http://thenextweb.com/apple/files/2010/09/mac01.jpg" rel="lightbox[39912]">over-priced, underpowered devices</a> for people who don’t know enough about computers.  Steve Jobs’ greatest contribution to Apple before 2001 was little more than designing a computer that didn’t come in a beige box.  Bravo.</p>
<p><strong>Why It’s Unfair:</strong><br />
No matter how impressive the specs or price of your computer, if you’re shipping a product with features that a majority of your users are nigh-incapable of accessing, that’s riddled with problems that require specialized training to address, you’re shipping an over-priced, under-powered product.  What a customer can do with your product is the ultimate test of how powerful it is, not the processor speed or memory size.  And by the ease-of-use measure, iMacs come out far ahead.  Of course this isn’t to say that someone with proper knowledge can’t do more with a high-powered PC than a Mac, but we’re talking about the average user.</p>
<p>But the far larger and more important point is that Apple didn’t have to revolutionize the personal computer market.  PCs are already insanely cheap, Windows XP wasn’t that bad, and, to a certain extent, most people have acquired the working computer knowledge to address basic bugs and open Excel.  All iMacs did was fill a niche of people looking for an easier and (yes) more eye-pleasing less intimidating PC.  Asking why Steve Jobs focused on mobile devices and didn’t bother to create a better computer is like asking Henry Ford why he made the flashy, expensive automobile instead of a faster horse.</p>
<h2>Dennis Ritchie Did More Than Jobs, but Jobs’ Death Overshadowed Ritchie’s</h2>
<p style="text-align: center;"><img class="aligncenter size-full wp-image-39921" title="ritchie" src="http://www.businesspundit.com/wp-content/uploads/2011/10/ritchie.jpg" alt="" width="500" height="500" /></p>
<p style="text-align: center;"><a href="http://galeria.priyadi.net/Other/Blog-Illustration/i-FmJdjPh/0/O/dr.jpg" rel="lightbox[39912]">Image Source</a></p>
<p><strong>What They’ll Say:</strong><br />
Among other things, Dennis Ritchie created the <a href="http://en.wikipedia.org/wiki/Dennis_Ritchie">C programming language and the UNIX operating system</a>.  To put it simply, Apple may have made your phone, computer and MP3s, but code written by Ritchie are in virtually every complex electronic device you own.  And it’s likely Ritchie’s creations will continue on in some form for decades.  What’s more, Jobs operated a greedy, extremely private corporation that pursued numerous <a href="http://online.wsj.com/article/BT-CO-20111012-716370.html">lawsuits</a> when competitors got even remotely close to Apple’s technology.  In contrast, C and Unix are open-source, and have been used as a powerful resource for entrepreneurs and amateurs alike.  Jobs may be the name everyone remembers, but Ritchie had a much larger impact, and should have received a little more publicity.</p>
<p><strong>Why It’s Unfair:</strong><br />
Ritchie was an academic and an engineer.  Jobs was a college drop out and an entrepreneur.  Jobs was a <a href="http://en.wikipedia.org/wiki/Steve_Jobs#Management_style">perfectionist, megalomaniacal CEO</a> with billions of dollars to his name who deliberately sought the spotlight.  Ritchie was, by all accounts, a quiet, <a href="http://blogs.computerworld.com/19097/dennis_ritchie_and_steve_jobs_quite_the_juxtaposition">humble man</a>.  Jobs shut down Apple’s philanthropic giving in 1997 and never restarted it.  It has also been reported that Jobs kicked way more puppies than Ritchie.</p>
<p>Comparing the two is like comparing oranges and (ahem) apples.  You can set up the same sad dichotomy by comparing just about <a href="http://media.nj.com/entertainment_impact_celebrities/photo/shorejpg-a14c0a054689f7f0_large.jpg" rel="lightbox[39912]">anyone famous</a> with a lot of people who <a href="http://www.teslasociety.com/pictures/pic1.jpg" rel="lightbox[39912]">actually contributed something</a> and no one’s heard of.  In an ideal world, Ritchie would be the icon and Jobs would be the greedy capitalist, but in the end it still doesn’t diminish the fact that Jobs made substantial contributions to technology.</p>
<h2>iTunes is Awkward and Propriety, Making it Difficult to Hold On To Music</h2>
<p style="text-align: center;"><img class="aligncenter size-full wp-image-39919" title="itunes" src="http://www.businesspundit.com/wp-content/uploads/2011/10/itunes.jpg" alt="" width="500" height="333" /></p>
<p style="text-align: center;"><a href="http://www.iphonealley.com/images/storyimages/september07/itunesringtone1.jpg" rel="lightbox[39912]">Image Source</a></p>
<p><strong>What They’ll Say:</strong><br />
If you own an Apple product, you are forced to use iTunes to get your media from your computer to your device.  Sure, you can download podcasts and load a fair amount of third-party content on there, but you still have to use Apple’s software every step of the way if you want to play it.  Any apps have to be specifically approved by Apple, leading to a media experience greatly out of the hands of the end user, and that’s the way Apple likes it.</p>
<p><strong>Why It’s Unfair:</strong><br />
Years from now when you’re explaining to your grandkids that yes, at one time all media was sold and held in physical form by the end user.  And in much the same way you once asked your parents when was the first time they bought a CD instead of a cassette, your grandkids will ask you when was the first time you downloaded a song.  Most of us will not tell them the truth (Kazaa), but will instead tell them about the first time we downloaded music was from iTunes.  Apple may be annoyingly guarded in what software and hardware will work with their devices, but they (along with <a href="https://www.netflix.com/">others</a>) fundamentally changed the way <a href="http://www.amazon.com/gp/video/ontv/ontv">media is distributed</a>, and—more importantly—proved that in an era of pirating lawsuits, that it could be done profitably.</p>
<p>On top of this, Apple has inspired several copycat devices and marketplaces among all their major competitors, almost all of which are much more open and forgiving of customization.  Henry Ford insisted the original Model T would only be sold in black, and then his competitors made them in all sorts of colors.  Attacking Apple for an authoritarian but highly functional model is like attacking the Model T because it only came in black—it still worked well and ended up changing the world.</p>
<h2>The iPhone and iPad Are For Movies and Games, Not Work</h2>
<p style="text-align: center;"><img class="aligncenter size-full wp-image-39917" title="ipadgames" src="http://www.businesspundit.com/wp-content/uploads/2011/10/ipadgames.jpg" alt="" width="500" height="392" /></p>
<p style="text-align: center;"><a href="http://www.techzipper.com/wp-content/uploads/2010/07/500x_ipad_games.jpg" rel="lightbox[39912]">Image Source</a></p>
<p><strong>What They’ll Say:</strong><br />
Let’s be honest, the iPad is basically a more <a href="http://www.dailyhaha.com/_pics/ipod-netbook.jpg" rel="lightbox[39912]">expensive, less useful netbook</a>.  They’re pretty and eye-popping, and most importantly of all, you can read them while eating cereal <em>at the same time</em>.  The iPhone is bright and flashy, but typing anything longer than a few sentences on a touchscreen is exhausting and frustrating.  Giving Jobs credit for a “revolution” in these devices is shiny-object salesmanship: he didn’t fundamentally make them better, he just made the brighter, flashier, and more fun.</p>
<p><strong>Why It’s Unfair:</strong><br />
It turns out that all the moaning that came with the switch from keyboard to touch screen was largely unfounded, as recent studies show that the average user can output around <a href="http://www.iphonehacks.com/2010/03/iphone-user-types-incredible-83-wpm-attributes-speed-to-capacitive-touch-screen.html">33</a> words per minute on the touch screen—just a hair below the average for keyboards.  Some can even get up to 80 words per minute.  On top of this, the larger screen allows you to read e-mails, presentations, photos etc&#8230; on a screen that doesn’t cause eyestrain.</p>
<p>But the most important part here is that, especially for the iPhone, any work you do on it is work done during time when you would usually not be able to do this work (since you didn’t have access to a computer).  And say what you will about the iPad, it’s bright, crisp screen and smooth lines are a lot more inviting than a giant lumpy textbook.  Which is exactly why more and more educational institutions are <a href="http://www.nytimes.com/2011/01/05/education/05tablets.html?pagewanted=all">using them as tools</a> to entice children to read and play educational games, as well as a way for students to communicate with teachers and store all their academic work in one place.  Oh and they’re also great tools for our rapidly <a href="http://www.businessweek.com/magazine/content/10_34/b4192039623670.htm">aging population</a> and the <a href="http://www.heraldsun.com.au/news/more-news/ipad-becomes-the-apple-of-hollys-eye/story-fn7x8me2-1226083773188">visually impaired</a>.</p>
<h2>He Tried to Strangle Apps</h2>
<p style="text-align: center;"><img class="aligncenter size-full wp-image-39915" title="apps" src="http://www.businesspundit.com/wp-content/uploads/2011/10/apps.jpg" alt="" width="500" height="375" /></p>
<p style="text-align: center;"><a href="http://technmarketing.com/blog3/wp-content/uploads/2010/12/apl101.jpg" rel="lightbox[39912]">Image Source</a></p>
<p><strong>What They’ll Say:</strong><br />
The biggest beef that nerds likely have with Jobs is his enmity toward open-source.  To the independent developer, Apple is the tallest, most lucrative fortress with the most impenetrable walls on the planet.  Everything is developed in-house under Jobs’ watchful, perfectionist eye, any third-party apps have to go through a rigorous approval process, and Apple gives only <a href="http://factoryjoe.com/blog/2009/08/01/steve-jobs-hates-the-appstore/">piecemeal, begrudging</a> support to developers.  Jobs’ attempt to stop the App Store is viewed as one of his few professional mistakes, even by his fans.</p>
<p><strong>Why It’s Unfair:</strong><br />
Most people seem to forget that every iPhone comes equipped with a button that takes them to the Internet, a world filled with all of the smut and apps you’d like &#8212; none of it restricted by Apple, and this space is only getting bigger and <a href="http://en.wikipedia.org/wiki/HTML5">more capable</a>.  More and more, it’s getting harder to distinguish what content is based on your browser.  Jobs realized this, and his resistance to the App Store seemed to come less from the fact that he didn’t like third-party development on the iPhone, it’s just that he wanted it <a href="http://www.apple.com/pr/library/2007/06/11iPhone-to-Support-Third-Party-Web-2-0-Applications.html">to be done in the cloud</a>.  Those of us who don’t live in Cupertino and have experienced the hellacious nature of AT&amp;T’s network can attest that, while a noble idea, going completely to the cloud simply isn’t feasible yet, though Jobs was probably only a few years off (after all, without apps, how would we play Angry Birds on the subway?).</p>
<h2>He Contributed to the Myth of the Silver Bullet CEO</h2>
<p style="text-align: center;"><img class="aligncenter size-full wp-image-39922" title="silverybullet" src="http://www.businesspundit.com/wp-content/uploads/2011/10/silverybullet.jpg" alt="" width="500" height="324" /></p>
<p style="text-align: center;"><a href="http://www.modelsandmoguls.com/wp-content/uploads/2011/01/steve-jobs-apple-ceo.jpg" rel="lightbox[39912]">Image Source</a></p>
<p><strong>What They’ll Say:</strong><br />
In an era where Americans are particularly…perturbed at the growing economic inequality in this country, where CEOs make <a href="http://tmotr.wordpress.com/2011/07/04/going-for-broke-will-legislate-for-food/">475 times the average worker</a>, here comes Steve Jobs perpetuating the myth that all a company needs is a <a href="http://www.themonsterinyourhead.com/2010/02/09/the-myth-of-the-silver-bullet-ceo/">magical CEO</a> to save them.  These CEOs demand exorbitant pay, rarely pan out, and then take millions in golden parachutes. Steve Jobs was a visionary CEO for his company, but his visibility will only make corporate America’s views on management more perverse, tyrannical, and full of magical, short-term thinking.</p>
<p><strong>Why It’s Unfair:</strong><br />
<a href="http://www.thehindu.com/opinion/lead/article34665.ece?homepage=true">Steve Jobs’ salary</a>: $1.  Of course he makes millions a year in stock appreciation and has numerous other investments, but Jobs was part of a growing club of CEOs that take only a small, symbolic salary and draw all of their income from the company’s growth.  While this may seem like an empty gesture, let’s say that, theoretically, Jobs demanded the salary of $33 million including bonuses that <a href="http://www.usatoday.com/money/companies/management/2011-03-31-ceo-pay-chart-total.htm">Ray Irani of Occidental Petroleum</a> does.  With that money, he’d essentially be depriving Apple of more than 400 talented engineers making around $75,000 a year.  For some perspective, the average firm in the US employs <a href="http://answers.google.com/answers/threadview/id/279843.html">roughly 16 people</a>.  Jobs may be the quintessential magic CEO in most peoples’ minds, but if more CEOs were like him, outrageous CEO pay wouldn’t be a problem in the first place.</p>
<h2>Outsourcing Products to Foxconn</h2>
<p style="text-align: center;"><img class="aligncenter size-full wp-image-39914" title="500x_12foxconn-workers" src="http://www.businesspundit.com/wp-content/uploads/2011/10/500x_12foxconn-workers.jpg" alt="" width="500" height="329" /></p>
<p style="text-align: center;"><a href="http://cache.gawkerassets.com/assets/images/4/2010/05/500x_12foxconn-workers.jpg" rel="lightbox[39912]">Image Source</a></p>
<p><strong>What They’ll Say:</strong><br />
Apple’s relationship with Chinese supplier Foxconn is <a href="http://theater.nytimes.com/2011/10/18/theater/reviews/the-agony-and-the-ecstasy-of-steve-jobs-review.html">storied and gruesome</a>.  In addition to the high-profile suicides a few years ago, stories emerge of 34-hour shifts and employees so young that their hands become mangled and twisted as they grow into the repetitive work.  Reports indicate that Foxconn only pays the equivalent of $300 dollars a month.  Despite all their clean, sexy, innovative flashiness, the iPhone was built on the pain and suffering of hundreds.</p>
<p><strong>Why It’s Unfair:</strong><br />
First off, Jobs was a good CEO, not necessarily a foolhardy philanthropist who would inexplicably force his company to source products from factories that would drive costs several orders of magnitude higher than the competition.  In a word, outsourcing wasn’t his choice; it was made for him by the market.</p>
<p>In addition, at the risk of sounding like a heartless imperialist, Foxconn pays <a href="http://www.supertommy.com/blog/2011/08/28/is-foxconn-evil/">far better</a> than the average Chinese job.  Plus Foxconn <a href="http://www.guardian.co.uk/business/2010/oct/03/foxconn-pay-rises">recently raised wages</a>, and are seen as a positive force of upward wage growth in China.  While we should never get comfortable saying “they’ll take their slave wages and unsafe working conditions <em>and like it</em>”, and always pressure foreign and domestic suppliers to funnel profits into wage growth and better worker conditions—there is and will always be some dark underbelly to the world capitalism that we all support.  If this is your first time coming face-to-face with this fact you should also know that Santa Claus and the Easter Bunny aren’t real, and that the failings of capitalism can’t be laid across Jobs’ shoulders any more than they can be laid at the feet of everyone who bought an iPhone.</p>
<h2>He Struck a Deal With the Devil Dealing with AT&amp;T</h2>
<p style="text-align: center;"><img class="aligncenter size-full wp-image-39916" title="att" src="http://www.businesspundit.com/wp-content/uploads/2011/10/att.jpg" alt="" width="500" height="386" /></p>
<p style="text-align: center;"><a href="http://cdn.planet-iphones.com/wp-content/uploads/2011/07/att-and-apple.jpg" rel="lightbox[39912]">Image Source</a></p>
<p><strong>What They’ll Say:</strong><br />
When you hear complaints about peoples’ smartphones, they rarely complain about the operating system, the touch screen, or even the ergonomics.  The number one complaint is always about dropped calls, slow data speeds, and text messages that vanish into the ether, only to reappear about 8 hours later along with 4 to 5 copies.  For all the perceived faults of Apple, their product is streamlined, reliable, and <a href="http://www.apple.com/iphone/features/siri.html">does what you ask it to</a>.  Meanwhile, AT&amp;T and other telecoms have responded by throttling data plans and continuing to charge exorbitant rates for services as basic and inexpensive as <a href="http://www.iqmetrix.com/article/2011/10/daily-dose-iq-why-do-we-still-pay-texting">text messaging</a>.  Jobs clearly believed in cloud-based services as an end-game, so why did he sell his soul through an exclusive deal to a company whose profit structure depends on throttling everything that makes the iPhone valuable?  Wouldn’t it make more sense to offer it up on all major carriers to encourage competition?</p>
<p><strong>Why It’s Unfair:</strong><br />
The short answer is basically US networks couldn’t handle the iPhone’s increased data demands, and Apple needed a carrier <a href="http://www.applematters.com/article/2035/">willing to build out the network improvements</a> necessary to support the phone.  You may complain about how long it takes to load your joke-a-day column each morning, but before 2007, even decently fast Internet on your phone was a laughable pipe dream.  You know how when your phone (if you have AT&amp;T) loses a good data signal, displays the dreaded “E” and speeds drop to next to nothing?  Before the iPhone, no network had even <em>that</em> lumbering speed.  Yes the way in which Apple went about this was annoying to those who were locked into two year contracts with other providers, and yes there might have been some <a href="http://www.iphonematters.com/article/is_the_iphone_already_subsidized_probably_899/">shady, under-the-table kickbacks</a> going on.  But Apple pretty much single-handedly forced some of the biggest improvements in network infrastructure in a decade.  Far from a deal with the devil, Apple essentially told the devil “Okay we’re gong to make this deal, but in return you have to be slightly less of a dick”.</p>
<p>You may think Steve Jobs was a greedy megalomaniac, but there’s little doubt that he knew what he was doing and did it well.  In a time when Americans are near-desperately searching for fast-fading examples of American exceptionalism, Steve Jobs was one of the few that really remained.  In the years to come his life, business and management style will undoubtedly become the subject of many studies and books.  Most of us can’t really touch the unfolding narrative of Steve Jobs, but maybe after this article some of the comments on blogs will be a little less petty and asinine.</p>
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		<title>10 Businessmen Who Would Make Better Presidents Than Donald Trump</title>
		<link>http://www.businesspundit.com/10-businessmen-who-would-make-better-presidents-than-donald-trump/</link>
		<comments>http://www.businesspundit.com/10-businessmen-who-would-make-better-presidents-than-donald-trump/#comments</comments>
		<pubDate>Thu, 28 Apr 2011 18:51:08 +0000</pubDate>
		<dc:creator>Gerri</dc:creator>
				<category><![CDATA[Business-General]]></category>
		<category><![CDATA[CEOs]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Leadership]]></category>
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		<category><![CDATA[Politics]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[businessmen]]></category>
		<category><![CDATA[donald trump]]></category>
		<category><![CDATA[predisidents]]></category>
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		<description><![CDATA[<p>Donald Trump is making some scary headway in the polls during this early, early presidential election season. But does he think he's the only rich guy that could run? Here now are ten other rich dudes who could buy and sell you and would... <a href="http://www.businesspundit.com/10-businessmen-who-would-make-better-presidents-than-donald-trump/">Read more</a></p>]]></description>
			<content:encoded><![CDATA[<p style="text-align: center;"><a href="http://www.businesspundit.com/10-businessmen-who-would-make-better-presidents-than-donald-trump/"><img class="alignnone size-full wp-image-37585" title="montage" src="http://www.businesspundit.com/wp-content/uploads/2011/04/montage4.jpg" alt="" width="500" height="700" /></a></p>
<div style="padding: 5px 10px 0pt 0pt; width: 54px; float: left;"><script src="http://digg.com/tools/diggthis.js" type="text/javascript"></script></div>
<p>Donald Trump is making some scary headway in the polls during this early, early presidential election season.  But does he think he&#8217;s the only rich guy that could run?  Here now are ten other rich dudes who could buy and sell you and would make better presidents or at the very least, better <a href="”">combovers</a>.<br />
<span id="more-37576"></span></p>
<h2>Warren Buffet</h2>
<p style="text-align: center;"><img class="alignnone size-full wp-image-37579" title="buffet" src="http://www.businesspundit.com/wp-content/uploads/2011/04/buffet.jpg" alt="" width="500" height="354" /></p>
<p style="text-align: center;"><a href="http://www.creditcardoutlaw.com/.a/6a0128764bd061970c0134879d8239970c-800wi">Image Source</a></p>
<p>Warren Buffet is so rich, he gave away half his money and went from being the richest man in the United States to only the second richest.  He could afford to give every person in the United States $100 just to vote for him.  And with that kind of ca-ching, we could just buy Saudi Arabia outright and tell OPEC to <a href="http://www.ovcart.com/images/inventory/17257.4210.zoom.jpg" rel="lightbox[37576]">suck it</a>!</p>
<h2>Chris Albrecht</h2>
<p style="text-align: center;"><img class="alignnone size-full wp-image-37580" title="chris_albrecht_140" src="http://www.businesspundit.com/wp-content/uploads/2011/04/chris_albrecht_140.jpg" alt="" width="500" height="375" /></p>
<p style="text-align: center;"><a href="http://chrisfloyduk.files.wordpress.com/2010/10/chris_albrecht_140.jpg" rel="lightbox[37576]">Image Source</a></p>
<p>The man who turned HBO and the concept of pay TV to something other than a place for soft porn to die would make an awesome president.  Who else would know more trivia about The Wire, The Sopranos and Boardwalk Empire when meeting with foreign dignitaries?  Maybe we could actually try that episode of the Wire where <a href="http://www.guardian.co.uk/media/organgrinder/2009/sep/29/wire-drugs-season-3-episode-7">they legalize drugs</a>.  Plus, it would be impossible for Bill Maher to criticize the pres without getting fired.</p>
<h2>Joe Buckmaster</h2>
<p style="text-align: center;"><img class="alignnone size-full wp-image-37578" title="buckmaster" src="http://www.businesspundit.com/wp-content/uploads/2011/04/buckmaster.jpg" alt="" width="500" height="371" /></p>
<p style="text-align: center;"><a href="http://farm1.static.flickr.com/63/198335278_468f78c89c.jpg" rel="lightbox[37576]">Image Source</a></p>
<p>The CEO of <a href="http://www.bestfunnyblog.com/wp-content/uploads/2011/03/trainmate.jpg" rel="lightbox[37576]">Craigslist</a> would not only reduce the government to one, simple, no frills website, he could also refurbish the White House for less than $200.  Maybe he could apply Craigslist logic to the Healthcare system, so posters could simply post their symptoms and look for the lowest bid for a cure and a date for afterwards.</p>
<h2>Ray Kroc</h2>
<p style="text-align: center;"><img class="alignnone size-full wp-image-37586" title="ray" src="http://www.businesspundit.com/wp-content/uploads/2011/04/ray.jpg" alt="" width="500" height="375" /></p>
<p style="text-align: center;"><a href="http://www.keyvive.com/wp-content/userimages/1268755181ray-kroc-and-mcdonalds.jpg" rel="lightbox[37576]">Image Source</a></p>
<p>The late, great franchiser of <a href="http://www.youtube.com/watch?v=NeqYyvRbHws">McDonald&#8217;s</a> could finally achieve what every empire-building president has never before: exporting Democracy abroad.  With the right bright red logo, drive thru and tasty sandwich, the entire world could also be free, obese and wear horrible little paper hats.</p>
<h2>Michael Eisner</h2>
<p style="text-align: center;"><img class="alignnone size-full wp-image-37582" title="Hollywood-Michael-Eisner" src="http://www.businesspundit.com/wp-content/uploads/2011/04/Hollywood-Michael-Eisner.jpg" alt="" width="500" height="385" /></p>
<p style="text-align: center;"><a href="http://laist.com/attachments/la_zach/Hollywood-Michael-Eisner.jpg" rel="lightbox[37576]">Image Source</a></p>
<p><a href="http://www.youtube.com/watch?v=es8dJ7gMWQQ">The former CEO of Disney</a> could revive the US like he revived Disney, with the help of better CGI.  Imagine the savings at the Defense apartment when all the tanks, missiles and ships are digital rendered rather than actually built.  Add a few monsters, genies and giant insects and no one in their right mind would attack the US.</p>
<h2>Bill Gates</h2>
<p style="text-align: center;"><img class="alignnone size-full wp-image-37581" title="bill gates" src="http://www.businesspundit.com/wp-content/uploads/2011/04/gates.jpg" alt="" width="500" height="406" /></p>
<p style="text-align: center;"><a href="http://npaphistory.wikispaces.com/file/view/gates.jpg/104464423/gates.jpg" rel="lightbox[37576]">Image Source</a></p>
<p>As our first nerd president, <a href="http://www.youtube.com/watch?v=7Ntr-pw_6C0&amp;feature=related">Gates</a> could finally show John McCain what email is.  Although we run the risk of one of the jock countries to bully us out of our natural resources, he could totally hack our enemies stock exchanges and steal their money.  It would be like <a href="http://www.youtube.com/watch?v=Hw6zrInbtQE">Revenge of the Nerds</a> 24/7.</p>
<h2>Sir Richard Branson</h2>
<p style="text-align: center;"><img class="alignnone size-full wp-image-37577" title="branson" src="http://www.businesspundit.com/wp-content/uploads/2011/04/branson.jpg" alt="" width="500" height="387" /></p>
<p style="text-align: center;"><a href="http://www.islandconnections.com/images/branson/rba.jpg" rel="lightbox[37576]">Image Source</a></p>
<p>Although not technically American enough to run, he would have the coolest State of the Union Addresses from hot air balloons or while skiing down a mountain <a href="http://trendgiveafck.com/uploads/2009/11/richard-branson.jpg" rel="lightbox[37576]">with a naked super model on his back</a>.  Plus, Air Force One would have a fully stocked mini bar and a store that sells music, DVD&#8217;s and T-shirts.</p>
<h2>Mark Zuckerberg</h2>
<p style="text-align: center;"><img class="alignnone size-full wp-image-37584" title="mark" src="http://www.businesspundit.com/wp-content/uploads/2011/04/mark.jpg" alt="" width="500" height="356" /></p>
<p style="text-align: center;"><a href="http://collider.com/wp-content/uploads/Mark-Zuckerberg-1.jpg" rel="lightbox[37576]">Image Source</a></p>
<p>Finally, we could get some legislation for people who cheat at Farmville.  <a href="http://www.dailymotion.com/video/xgtp9s_zuckerberg-meets-eisenberg-awkward-muchy_news">Zuckerberg</a> could legally execute people for posting horrible pictures of their friends and then tagging them without permission.  America&#8217;s enemies would be brought to their knees, unable to receive pokes or “Like” anyone and Zuck already has all their private information too.</p>
<h2>Steve Jobs</h2>
<p style="text-align: center;"><img class="alignnone size-full wp-image-37587" title="steve-jobs" src="http://www.businesspundit.com/wp-content/uploads/2011/04/steve-jobs.jpg" alt="" width="500" height="374" /></p>
<p style="text-align: center;"><a href="http://www.reviewsofelectronics.com/wp-content/uploads/2011/01/steve-jobs.jpg" rel="lightbox[37576]">Image Source</a></p>
<p>Under <a href="http://www.youtube.com/watch?v=WRoHtUjIkmY&amp;feature=related">President Jobs&#8217;</a> efficient, intuitive, but iron-fisted rule, our technology would become state-of-the-art.  Of course, those who resisted would be rounded up and placed into Apple Reeducation Camps, but it would come with a free iPad2.  Additionally, the scourge of Windows Vista would finally be eliminated.</p>
<h2>Joe Francis</h2>
<p style="text-align: center;"><img class="alignnone size-full wp-image-37583" title="joe_francis_lohan" src="http://www.businesspundit.com/wp-content/uploads/2011/04/joe_francis_lohan.jpg" alt="" width="500" height="286" /></p>
<p style="text-align: center;"><a href="http://cdn.theblemish.com/images/2006/09/joe_francis_lohan.jpg" rel="lightbox[37576]">Image Source</a></p>
<p>Any man that could make <a href="http://www.dailymotion.com/video/x3ccju_dead-girls-gone-wild">lesbian porn</a> mainstream can do anything.  Let&#8217;s face it, as the CEO of Girls Gone Wild, what country would attack us?  The Israeli/Palestinian conflict could finally be settled with a hot oil wrestling contest with hot, real college chicks.  Who would win?  Everybody!</p>
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		<title>25 Ways to Run Your Business Like Warren Buffett</title>
		<link>http://www.businesspundit.com/25-ways-to-run-your-business-like-warren-buffett/</link>
		<comments>http://www.businesspundit.com/25-ways-to-run-your-business-like-warren-buffett/#comments</comments>
		<pubDate>Mon, 25 Apr 2011 16:13:52 +0000</pubDate>
		<dc:creator>Drea</dc:creator>
				<category><![CDATA[Industry Analysis]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[Leadership]]></category>
		<category><![CDATA[berkshire hathaway]]></category>
		<category><![CDATA[warren buffett]]></category>

		<guid isPermaLink="false">http://www.businesspundit.com/?p=37372</guid>
		<description><![CDATA[<p>Image: Paul Sapiano/Flickr Berkshire Hathaway's annual "Woodstock of Capitalism," its shareholder meeting, happens on April 30 this year. Warren Buffett's baby is by far America's most beloved conglomerate. What's behind the fame? Buffett and... <a href="http://www.businesspundit.com/25-ways-to-run-your-business-like-warren-buffett/">Read more</a></p>]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.businesspundit.com/25-ways-to-run-your-business-like-warren-buffett/gwash/" rel="attachment wp-att-37384"><img src="http://www.businesspundit.com/wp-content/uploads/2011/04/gwash.jpg" alt="" title="gwash" width="500" height="333" class="alignright size-full wp-image-37384" /></a><br />
<em>Image: <a href="http://www.flickr.com/photos/peasap/935756569/sizes/l/">Paul Sapiano</a>/Flickr</em></p>
<p><strong>Berkshire Hathaway&#8217;s annual &#8220;Woodstock of Capitalism,&#8221;</strong> its shareholder meeting, happens on April 30 this year. Warren Buffett&#8217;s baby is by far America&#8217;s most beloved conglomerate. What&#8217;s behind the fame? Buffett and his partner Charlie Munger are investing prodigies, but so are, say, Carlos Slim and Donald Trump, and you don&#8217;t see their companies&#8217; shareholder meetings doubling as love fests. </p>
<p>Berkshire has some special things going for it. Buffett himself comes off as an honest folk hero with an incredible investing legacy that started during the Great Depression. While value investing existed before Buffett, his success played a pivotal role in mainstreaming it. </p>
<p>The other secret to Berkshire&#8217;s success, however, is in its corporate DNA. Buffett and Munger have designed the company along agreeable, self-sustaining lines. From the kinds of people they recruit as managers to their corporate culture, Berkshire has built a template for success. Here are 25 ways to run your business like Buffett, based on Berkshire&#8217;s &#8220;Owner-Related Business Principles,&#8221; as listed in the 2010 annual report.     </p>
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<p><font size=+1><strong>Think of it as a partnership</strong></font></p>
<p><a href="http://www.businesspundit.com/36927/partner/" rel="attachment wp-att-36929"><img src="http://www.businesspundit.com/wp-content/uploads/2011/04/partner-300x300.jpg" alt="" title="partner" width="300" height="300" class="alignright size-medium wp-image-36929" /></a><br />
<em>Image: <a href="http://www.flickr.com/photos/lumaxart/">Scott Maxwell</a>/Flickr</em></p>
<p>Warren Buffett and Charlie Munger see their shareholders as “owner-partners.” “We view the company as a conduit through which our shareholders own assets,” Buffett writes in the company&#8217;s 2010 annual report. They liken it to owning a farm or apartment with members of your family. </p>
<p>This approach guarantees that everyone is more personally invested in the company. If it’s more personal, employees feel like there’s more at stake. This keeps them loyal and committed, while simultaneously preventing shareholders from dumping shares or speculating. <em>How can you build your company as a partnership rather than an established hierarchy?</em></p>
<p><font size=+1><strong>“Eat your own cooking”</strong></font></p>
<p><a href="http://www.businesspundit.com/36927/eatit/" rel="attachment wp-att-36930"><img src="http://www.businesspundit.com/wp-content/uploads/2011/04/eatit-300x225.jpg" alt="" title="eatit" width="300" height="225" class="alignright size-medium wp-image-36930" /></a><br />
<em>Image:<a href="http://www.flickr.com/photos/mesohungry/"> Jasonlam</a>/Flickr</em></p>
<p>The majority of Berkshire Hathaway’s directors have a substantial portion of their own net worth invested with the company. With stakes that high, you know they’re paying close attention to the quality of their investments. What benefits the company benefits directors, and vice-versa. <em>How can you arrange your organization to &#8220;eat its own cooking&#8221;?</em><br />
<font size=+1><strong><br />
Make pay proportional to company performance</strong></font></p>
<p><a href="http://www.businesspundit.com/36927/sharing/" rel="attachment wp-att-36931"><img src="http://www.businesspundit.com/wp-content/uploads/2011/04/sharing-300x199.jpg" alt="" title="sharing" width="300" height="199" class="alignright size-medium wp-image-36931" /></a><br />
<em>Image: <a href="http://www.flickr.com/photos/ben_grey/4582294721/sizes/l/">Ben Grey</a>/Flickr</em></p>
<p>Instead of bonuses, options, golden handcuffs or parachutes or Fed handouts, Buffett and Munger, who have the vast majority of their fortunes invested with Berkshire Hathaway, are rewarded in sync with their company, not on the crust above it. “When I do something dumb,” Buffett writes, “I want you to be able to derive some solace from the fact that my financial suffering is proportional to yours.” Why can’t all companies be run this way?</p>
<p><font size=+1><strong>Measure success by progress</strong></font></p>
<p><a href="http://www.businesspundit.com/36927/marathon/" rel="attachment wp-att-36932"><img src="http://www.businesspundit.com/wp-content/uploads/2011/04/marathon.jpg" alt="" title="marathon" width="335" height="340" class="alignright size-full wp-image-36932" /></a><br />
<em>Image: <a href="http://www.flickr.com/photos/olivepress/2007254/sizes/s/">Brian Sawyer</a>/Flickr</em></p>
<p>Buffett and Munger focus on the rate by which Berkshire Hathaway’s shares increase, based on per-share value. That value matters more than size, political clout, or visibility. This is their main priority, and they have a solid way of measuring it. <em>What are the markers of your progress, and how do you measure them?</em></p>
<p><font size=+1><strong>Have a simple strategy for success</strong></font></p>
<p><a href="http://www.businesspundit.com/36927/lotusflower/" rel="attachment wp-att-36933"><img src="http://www.businesspundit.com/wp-content/uploads/2011/04/lotusflower-300x225.jpg" alt="" title="lotusflower" width="300" height="225" class="alignright size-medium wp-image-36933" /></a><br />
<em>Image: <a href="http://www.flickr.com/photos/wasoxygen/16498910/sizes/m/">wasoxygen</a>/Flickr</em></p>
<p>Berkshire has a Plan A and a Plan B for reaching success, which is defined by increasing value per share. Although these strategies may be complex in implementation, they can each be summed up in a single sentence. </p>
<p>Plan A involves generating cash and steady above-average capital returns by owning a diverse set of businesses. Plan B is to own parts of those kinds of businesses in the form of stock bought by Berkshire’s insurance subsidiaries. </p>
<p>Those two sentences cover the basic strategy of one of the world’s most successful and longest-lived conglomerates. <em>Can you sum up your strategy as simply as this? </em></p>
<p><font size=+1><strong>Know how bad times will benefit you</strong></font></p>
<p><a href="http://www.businesspundit.com/36927/dumptruck/" rel="attachment wp-att-36940"><img src="http://www.businesspundit.com/wp-content/uploads/2011/04/dumptruck.jpg" alt="" title="dumptruck" width="400" height="275" class="alignright size-full wp-image-36940" /></a><br />
<em>Image: <a href="http://www.flickr.com/photos/ooocha/4094433210/sizes/l/">Marion Doss</a>/Flickr</em></p>
<p>If your company is as intimate with the stock market as Berkshire, how do you benefit when said market goes into hibernation mode? By picking shares of companies and entire companies up on the cheap, according to Buffett and Munger. Because companies also tend to buy back their own shares at discounted rates, Berkshire, a major shareholder in a variety of companies, benefits that way, too. <em>What&#8217;s your strategy for benefiting from bad times?</em> </p>
<p><font size=+1><strong>Facilitate understanding of the way you think</strong></font></p>
<p><a href="http://www.businesspundit.com/36927/brain-2/" rel="attachment wp-att-36941"><img src="http://www.businesspundit.com/wp-content/uploads/2011/04/brain.jpg" alt="" title="brain" width="377" height="400" class="alignright size-full wp-image-36941" /></a><br />
<em>Image: <a href="http://www.flickr.com/photos/digitalshotgun/454380458/sizes/m/">Digital Shotgun</a>/Flickr<br />
</em><br />
Buffett and Munger are upfront about the kind of financial information they provide about their business and why they provide it. They think that conventional accounting doesn’t provide all the necessary numbers to evaluate their businesses’ performances, so they add earnings and additional information because they think that will help readers better judge their performance. If they use additional concepts to assess businesses, they explain them to shareholders and why they think they’re important. This form of transparency has gained Buffett many admirers. <em>How do you helps your shareholders, clients and employees understand the way you think?</em></p>
<p><font size=+1><strong>Don’t use much debt</strong></font></p>
<p><a href="http://www.businesspundit.com/36927/dollarbill/" rel="attachment wp-att-36942"><img src="http://www.businesspundit.com/wp-content/uploads/2011/04/dollarbill.jpg" alt="" title="dollarbill" width="233" height="400" class="alignright size-full wp-image-36942" /></a><br />
<em>Image: <a href="http://www.flickr.com/photos/moneyblognewz/5264722060/sizes/m/">MoneyBlogNewz</a>/Flickr</em></p>
<p>Now here’s an unusual concept. Berkshire funds itself through deferred taxes and the premiums its insurance companies collect. It doesn’t support itself off debt or government bailouts. Buffett and Munger claim to feel an obligation towards shareholders, many of whom have a huge portion of their net worth with Berkshire Hathaway; using debt to field that obligation isn’t comfortable for them. This is exceptional behavior for a business of any size. It does beg the questions: <em>How can you fund yourself and avoid debt? Can your business be run debt-free?</em></p>
<p><font size=+1><strong>Only take out conservative loans</strong></font></p>
<p><a href="http://www.businesspundit.com/36927/cents/" rel="attachment wp-att-36943"><img src="http://www.businesspundit.com/wp-content/uploads/2011/04/cents.jpg" alt="" title="cents" width="400" height="228" class="alignright size-full wp-image-36943" /></a><br />
<em>Image: <a href="http://www.flickr.com/photos/calliope/4285768291/sizes/m/">Muffet</a>/Flickr</em></p>
<p>In the rare instances Berkshire does take out loans, they’re generally fixed rate and long term. No fancy loans, no abbreviations, no loan sharks cloaked as Wall Street banks. Buffett and co. know that these loans don’t potentially lose you as much money as the other kinds. Having substantial cash, they also pay back those loans as early as possible. <em>Can you run your business by only taking out conservative loans? What&#8217;s your strategy for paying off loans as quickly as possible? </em></p>
<p><font size=+1><strong>Don’t supersize management perks</strong></font></p>
<p><a href="http://www.businesspundit.com/36927/jet-2/" rel="attachment wp-att-36944"><img src="http://www.businesspundit.com/wp-content/uploads/2011/04/jet.jpg" alt="" title="jet" width="400" height="275" class="alignright size-full wp-image-36944" /></a><br />
<em>Image: <a href="http://www.flickr.com/photos/shine2010/4325471130/sizes/l/">Shine 2010-2010 World Cup</a>/Flickr</em></p>
<p>Buffett and Munger do not increase their office size or private island purchases as Berkshire’s balance sheet grows. The annual rent at Berkshire HQ is a little more than $270,000, piddling by conglomerate standards. For what it’s worth, Buffett’s own annual CEO salary is $100,000, and he has more than 98% of his wealth invested with Berkshire Hathaway. <em>Do supersized management perks help your company, or could you have the same level of talent and results without them?</em></p>
<p><font size=+1><strong>Acid test your success</strong></font></p>
<p><a href="http://www.businesspundit.com/36927/graduated-cylinders-and-beaker-filled-with-chemical-compounds/" rel="attachment wp-att-36945"><img src="http://www.businesspundit.com/wp-content/uploads/2011/04/labz.jpg" alt="" title="" width="400" height="233" class="alignright size-full wp-image-36945" /></a><br />
<em>Image: <a href="http://www.flickr.com/photos/horiavarlan/4273968248/sizes/l/">Horia Varlan</a>/Flickr</em</p>
<p>Berkshire retains its earnings, but doesn’t assume that strategy makes sense all the time. So management tests it. They test it once every five-year period. If Berkshire’s gains are higher than the S&#038;P, and $1 of its retained earnings were worth more than one dollar, then retaining earnings makes sense. Buffett admits that these conditions haven’t always been met. <em>The point is to regularly test your strategy for success.  </em></p>
<p><font size=+1><strong>Admit your weaknesses</strong></font></p>
<p><a href="http://www.businesspundit.com/36927/bridge/" rel="attachment wp-att-36946"><img src="http://www.businesspundit.com/wp-content/uploads/2011/04/bridge.jpg" alt="" title="bridge" width="380" height="284" class="alignright size-full wp-image-36946" /></a><br />
<em>Image: <a href="http://www.flickr.com/photos/mtellin/2654332452/sizes/o/">mtellin</a>/Flickr<br />
</em><br />
Buffett and Munger don’t like selling their businesses, even the ones that are struggling. Instead, they try to rehabilitate them by addressing the problems that are slowing them down. They don’t “discard (their) least promising businesses at every turn.” They also admit that this attitude negatively affects their financial performance. Yet they keep doing it, because they would rather carry that weakness than pick up and discard their businesses all the time. <em>Do you have behavior that you keep doing that negatively affects your financial performance? If so, why do you do it, and what do you gain from it?</em></p>
<p><font size=+1><strong>Communicate as though the tables were turned</strong></font></p>
<p><a href="http://www.businesspundit.com/36927/confroom/" rel="attachment wp-att-36947"><img src="http://www.businesspundit.com/wp-content/uploads/2011/04/confroom.jpg" alt="" title="confroom" width="440" height="160" class="alignright size-full wp-image-36947" /></a><br />
<em>Image: <a href="http://www.flickr.com/photos/goincase/2629764552/">Incase</a>/Flickr</em></p>
<p>When Buffett and Munger communicate, they say they owe it to their shareholders to tell them the “business facts that (Buffett and Munger) would want to know if the tables were turned.” They try to hold their business reporting up to journalistic standards. They also shirk priority updates to analysts or high-grade shareholders. Instead, they update everyone at the same time. This non-elitist model of communication has helped solidify their folk-hero reputation and earn them their “Woodstock of Capitalism” annual meeting in Omaha. <em>How can you communicate as though the tables were turned? </em></p>
<p><font size=+1><strong>&#8220;Be fearful when others are greedy, and greedy when others are fearful.&#8221;</strong></font></p>
<p><a href="http://www.businesspundit.com/36927/treasure/" rel="attachment wp-att-36948"><img src="http://www.businesspundit.com/wp-content/uploads/2011/04/treasure.jpg" alt="" title="treasure" width="282" height="500" class="alignright size-full wp-image-36948" /></a><br />
<em>Image: Howard Pyle</em></p>
<p>This is perhaps Buffett&#8217;s most famous quote. Its application to the stock market is pretty obvious&#8211;when most people sell, prices go down, and it&#8217;s an ideal time for you to start collecting bargains. The quote applies to other areas of business, too. If everyone&#8217;s running towards the latest business opportunity, think before you follow the herd. It could be a bubble. Likewise, if everyone is writing off a market or service model as dead, is it true, or are there still opportunities in the space? The idea is to hone your critical thinking skills so that you see through mass movement and make better investing decisions, inside financial markets and in other areas. </p>
<p><font size=+1><strong>Don’t overvalue or undervalue your stock</strong></font></p>
<p><a href="http://www.businesspundit.com/36927/pyrite/" rel="attachment wp-att-36949"><img src="http://www.businesspundit.com/wp-content/uploads/2011/04/pyrite-600x400.jpg" alt="" title="pyrite" width="400" height="200" class="alignright size-large wp-image-36949" /></a><br />
<em>Image: <a href="http://www.flickr.com/photos/r-butler/4744838850/sizes/z/">ephemeralstorm</a>/Flickr</em></p>
<p>Berkshire tries to keep a fair value on its stock at all times, though some analysts would beg to differ. Their reasoning behind this is that they want to attract their target market of long-term investors with a loyalty to their company, and avoid speculators. Even in privately held companies, they same could be said for any other soft currency, like your reputation, your PR, etc. <em>Are you running at fair market value? If not, how can you increase equity or prepare for your bubble to burst? </em><br />
<font size=+1><strong><br />
Have a succession plan</strong></font></p>
<p><a href="http://www.businesspundit.com/36927/baton/" rel="attachment wp-att-36950"><img src="http://www.businesspundit.com/wp-content/uploads/2011/04/baton.jpg" alt="" title="baton" width="400" height="234" class="alignright size-full wp-image-36950" /></a><br />
<em>Image: <a href="http://www.flickr.com/photos/ddyates/3367008166/sizes/m/">I&#8217;ll Never Grow Up</a>/Flickr</em></p>
<p>The Berkshire barge isn’t sinking after Buffett or Munger’s death. They’ve made sure of that through careful succession planning. They’ve reassured investors time and again that the business will continue to run as it has even after its two head men pass on. This keeps investors confident in the company. <em>What&#8217;s your succession plan?</em></p>
<p><font size=+1><strong>Only do things you can picture being written on the front page of a national newspaper</strong></font></p>
<p><a href="http://www.businesspundit.com/36927/newspaper-3/" rel="attachment wp-att-36951"><img src="http://www.businesspundit.com/wp-content/uploads/2011/04/newspaper.jpg" alt="" title="newspaper" width="271" height="399" class="alignright size-full wp-image-36951" /></a></p>
<p>Dirty finance has proliferated during the past several years. Buffett doesn’t want to be involved in that. In his July 2010 letter to his managers, he said that managers need to measure their action against “what we would be happy to have written about on the front page of a national newspaper written by a friendly but unintelligent reporter.” ‘Nuff said. </p>
<p><font size=+1><strong>Report bad news immediately</strong></font></p>
<p><a href="http://www.businesspundit.com/36927/megaphone/" rel="attachment wp-att-36952"><img src="http://www.businesspundit.com/wp-content/uploads/2011/04/megaphone.jpg" alt="" title="megaphone" width="275" height="400" class="alignright size-full wp-image-36952" /></a><br />
<em>Image: <a href="http://www.flickr.com/photos/daoro/3382798413/">Jonas Boni</a>/Flickr</em></p>
<p>Buffett told his managers to always do this in his 2010 letter, based on the hard lesson he learned with Salomon Bros. <a href="http://dealbook.nytimes.com/2008/09/24/warren-buffett-and-the-salomon-saga/">in 1987</a>. It’s a good general business concept to follow, whether you’re managing someone or you work for them. A fresh problem is often easier to address than one that’s been concealed for a while, and often complicated in the process. Case in point: Toyota.<br />
<font size=+1><strong><br />
Hire people who aren’t in it for the money</strong> </font></p>
<p><a href="http://www.businesspundit.com/36927/bird/" rel="attachment wp-att-36953"><img src="http://www.businesspundit.com/wp-content/uploads/2011/04/bird.jpg" alt="" title="bird" width="400" height="232" class="alignright size-full wp-image-36953" /></a><br />
<em>Image: <a href="http://www.flickr.com/photos/kat7677/3417301157/sizes/m/">I Am Kat</a>/Flickr</em></p>
<p>Most of Buffett’s managers are independently wealthy. They work for Berkshire Hathaway because they want to, not because they have to. That means they like their work, and won’t be drawn away by the promise of higher pay. <em>How do you attract people who aren&#8217;t in it for the pay?</em></p>
<p><font size=+1><strong>Trust your employees</strong></font></p>
<p><a href="http://www.businesspundit.com/36927/ernie_bert/" rel="attachment wp-att-36954"><img src="http://www.businesspundit.com/wp-content/uploads/2011/04/ernie_bert.jpg" alt="" title="ernie_bert" width="400" height="233" class="alignright size-full wp-image-36954" /></a><br />
<em>Image: <a href="http://www.flickr.com/photos/seeminglee/3929959851/sizes/m/">See-ming Lee</a>/Flickr</em></p>
<p>Buffett doesn’t micromanage. He acknowledges the fact that his managers run the gamut of styles. Buffett and Munger give the managers as much autonomy as they want, leaving them in charge of operations. Managers send any excess cash their business generate to Buffett and Munger, who invest it accordingly. <em>How do you accommodate a variety of styles in your team? How do you keep the company successful while allowing for this?</em></p>
<p><font size=+1><strong>Treat your employees the way you would want to be treated</strong></font></p>
<p><a href="http://www.businesspundit.com/36927/cheers/" rel="attachment wp-att-36955"><img src="http://www.businesspundit.com/wp-content/uploads/2011/04/cheers.jpg" alt="" title="cheers" width="400" height="233" class="alignright size-full wp-image-36955" /></a><br />
<em>Image: <a href="http://www.flickr.com/photos/caitlinator/3431907801/sizes/m/">Caitlinator</a>/Flickr</em></p>
<p>Buffett says Berkshire does this in order to retain its passionate, independently wealthy managers, but it’s a good general rule of thumb for any business that doesn’t thrive off high turnaround (and really, who does?). </p>
<p><font size=+1><strong>Have “f%#* you” money</strong></font></p>
<p><a href="http://www.businesspundit.com/36927/haha-3/" rel="attachment wp-att-36956"><img src="http://www.businesspundit.com/wp-content/uploads/2011/04/haha.jpg" alt="" title="haha" width="400" height="275" class="alignright size-full wp-image-36956" /></a><br />
<em>Image: <a href="http://www.flickr.com/photos/leehaywood/4481372869/sizes/m/">Lee J. Haywood</a>/Flickr<br />
</em><br />
Not that Buffett calls it that, but he makes sure that Berkshire always holds at least $10 billion in cash. This helps the company cover losses from its insurance industry, such as the $3 billion it lost after Hurricane Katrina. It also helps them snap up whole businesses or shares at a moment’s notice. Your business can enjoy similar benefits if you keep a cash stash on hand at all times. It also comes in handy for personal finance, enabling you to say “f%$# you” to your employer, business partner, or even your own business when you’ve had enough. <em>Do you have this kind of money? If not, how can you get it?</em></p>
<p><font size=+1><strong>Focus on company culture<br />
</strong></font><br />
<a href="http://www.businesspundit.com/36927/culture/" rel="attachment wp-att-36957"><img src="http://www.businesspundit.com/wp-content/uploads/2011/04/culture.jpg" alt="" title="culture" width="400" height="290" class="alignright size-full wp-image-36957" /></a><br />
<em>Image: <a href="http://www.flickr.com/photos/yakobusan/457320959/sizes/l/">Jakob Montrasio</a>/Flickr</em></p>
<p>Berkshire’s directors are heavily invested in the company and feel the responsibility of owners. So they tend to Berkshire as though it were an English garden, cultivating the right investments at the right time so the financial bloom continues, letting managers do what they need to do in order to contribute cash supplements to the cause. Buffett doesn’t believe in layers of bureaucracy or what he dubs “imperious behavior,” common to too many upper-management types. <em>How does your company culture help you tend to your financial garden?</em></p>
<p><font size=+1><strong>With every decision, weigh your alternatives</strong></font></p>
<p><a href="http://www.businesspundit.com/36927/scale-2/" rel="attachment wp-att-36958"><img src="http://www.businesspundit.com/wp-content/uploads/2011/04/scale-600x450.jpg" alt="" title="scale" width="400" height="250" class="alignright size-large wp-image-36958" /></a><br />
<em>Image: Tomasz Sienicki/Wikimedia </em></p>
<p>Berkshire’s business model is to buy businesses, but sometimes even the most drool-worthy acquisition options don’t offer financial returns as good as stocks or bonds. In such cases, no matter how much they want the business, Buffett and Munger buy securities instead, and wait for a better business buy opportunity to come along. They also compare potential buy candidates across industries against each other, making the best financial, not emotional or trend-based, decision. <em>How do you weigh your alternatives to come to rational decisions?<br />
</em><br />
<font size=+1><strong>Embrace the unexpected</strong></font></p>
<p><a href="http://www.businesspundit.com/36927/lightning/" rel="attachment wp-att-36959"><img src="http://www.businesspundit.com/wp-content/uploads/2011/04/lightning.jpg" alt="" title="lightning" width="400" height="233" class="alignright size-full wp-image-36959" /></a><br />
<em>Image: <a href="http://www.flickr.com/photos/veggiefrog/2573076568/sizes/m/">Veggiefrog</a>/Flickr</em></p>
<p>When Berkshire is swimming in capital, Buffett looks for opportunities across industries. He and Munger don’t limit themselves to one industry or type of investment. As long as they can understand its “likely future,” they can see if it’s a worthy investment. That’s why Berkshire is invested in everything from insurance to candy. <em>How can you quickly and rationally embrace unexpected opportunities? </em></p>
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		<title>10 Body Language Techniques to Make You Succeed in Business</title>
		<link>http://www.businesspundit.com/10-body-language-techniques-to-make-you-succeed-in-business/</link>
		<comments>http://www.businesspundit.com/10-body-language-techniques-to-make-you-succeed-in-business/#comments</comments>
		<pubDate>Wed, 16 Mar 2011 19:24:10 +0000</pubDate>
		<dc:creator>Julian</dc:creator>
				<category><![CDATA[Business-General]]></category>
		<category><![CDATA[Leadership]]></category>
		<category><![CDATA[body language]]></category>
		<category><![CDATA[techniques]]></category>
		<category><![CDATA[toparticles]]></category>

		<guid isPermaLink="false">http://www.businesspundit.com/?p=35956</guid>
		<description><![CDATA[<p>Every good businessperson knows that what you say has never been as important as how you say it. Even when you are not speaking, you are still communicating, even if you are not aware of it. By becoming aware of your body language and what you are... <a href="http://www.businesspundit.com/10-body-language-techniques-to-make-you-succeed-in-business/">Read more</a></p>]]></description>
			<content:encoded><![CDATA[<p style="text-align: center"><a rel="attachment wp-att-35960" href="http://www.businesspundit.com/10-body-language-techniques-to-make-you-succeed-in-business/20100910071500-1/"><img class="aligncenter size-large wp-image-35960" src="http://www.businesspundit.com/wp-content/uploads/2011/03/20100910071500-1-600x337.jpg" alt="" width="600" height="337" /></a></p>
<p>Every good businessperson knows that what you say has never been as important as how you say it. Even when you are not speaking, you are still communicating, even if you are not aware of it. By becoming aware of your body language and what you are saying with it, you can begin to control it and put forward the impression that will most help you in your business. By using these techniques you will save yourself time – and ensure that you succeed.</p>
<h2>10. Use Eye Contact</h2>
<p style="text-align: center"><a rel="attachment wp-att-35962" href="http://www.businesspundit.com/10-body-language-techniques-to-make-you-succeed-in-business/d0005159_49f6bca6900e8/"><img class="aligncenter size-full wp-image-35962" src="http://www.businesspundit.com/wp-content/uploads/2011/03/d0005159_49f6bca6900e8.jpg" alt="" width="600" height="451" /></a></p>
<p>Meeting someone’s eyes has long been seen as a mark of honesty and good faith. This does not mean that you should enter a staring contest: maintaining too much eye contact can seem aggressive, and unless that&#8217;s something you want to achieve, it should be avoided. Make sure that you do not look away as someone is speaking about something they feel is important, as this is a sign that you are dismissing their opinion.</p>
<h2>9. Develop Good Posture</h2>
<p style="text-align: center"><a rel="attachment wp-att-35961" href="http://www.businesspundit.com/10-body-language-techniques-to-make-you-succeed-in-business/16_08_2007_0209515001187254186_tim_platt/"><img class="aligncenter size-large wp-image-35961" src="http://www.businesspundit.com/wp-content/uploads/2011/03/16_08_2007_0209515001187254186_tim_platt-600x470.jpg" alt="" width="600" height="470" /></a></p>
<p>Hunching your shoulders forward or holding your arms in across your chest can make you seem defensive and intimidated. Shoulders should be held back, with your arms hanging loosely by your sides. This open posture makes you seem relaxed and confident.</p>
<h2>8. Cultivate a Good Handshake</h2>
<p style="text-align: center"><a href="http://www.globetask.com/wp-content/uploads/2010/12/OrinZebest-10-Handshake.jpg" rel="lightbox[35956]"><img class="size-full wp-image-1869 aligncenter" src="http://www.globetask.com/wp-content/uploads/2010/12/OrinZebest-10-Handshake.jpg" alt="" width="480" height="640" /></a></p>
<p>Entire books have been written about the importance of a good handshake. Whether or not any of the analysis on what different kinds of handshakes mean is true, what is important is that many people believe a handshake can tell a lot about a person. The best handshakes are firm without being crushing, brief but not terse, and of course, free from nervous sweat. To create a good first impression, ensuring you have a good handshake could be crucial.</p>
<h2>7. Keep Eyes Level</h2>
<p style="text-align: center"><a rel="attachment wp-att-35959" href="http://www.businesspundit.com/10-body-language-techniques-to-make-you-succeed-in-business/business-woman-smoking-cigar/"><img class="aligncenter size-large wp-image-35959" src="http://www.businesspundit.com/wp-content/uploads/2011/03/eyecontaxct-600x353.jpg" alt="" width="600" height="353" /></a></p>
<p>Looking upwards or to the side before you speak or as you’re speaking can make people suspicious of your integrity. Some people believe that these are signs of lying and indicate that you are fabricating elements of your story. Make sure to keep eyes level when speaking, to avoid this suspicion – otherwise everything that you are saying could be going to waste.</p>
<h2>6. Take Ownership of Space</h2>
<p style="text-align: center"><a rel="attachment wp-att-35964" href="http://www.businesspundit.com/10-body-language-techniques-to-make-you-succeed-in-business/business_meeting2/"><img class="aligncenter size-full wp-image-35964" src="http://www.businesspundit.com/wp-content/uploads/2011/03/business_meeting2.jpg" alt="" width="600" height="408" /></a></p>
<p>When you have established a position in the room, consider it to be your territory. You can expand this territory and appear more in control and powerful by widening your stance or moving around the room. If someone attempts to invade your space, don’t allow them to intimidate you into moving or diminishing your presence.</p>
<h2>5. Never Fidget</h2>
<p style="text-align: center"><a rel="attachment wp-att-35963" href="http://www.businesspundit.com/10-body-language-techniques-to-make-you-succeed-in-business/worried-man/"><img class="aligncenter size-large wp-image-35963" src="http://www.businesspundit.com/wp-content/uploads/2011/03/CRBR002516-600x352.jpg" alt="" width="600" height="352" /></a></p>
<p>Fidgeting, whether by tapping on a table with your fingers, shredding paper, stroking hair, doodling or tapping your foot, is a cardinal sign of nervousness or boredom. It’s associated with displacement activity, where someone tries to distract themself from an uncomfortable thought or situation. When fidgeting, you not only look unsure and nervous, you also appear as if you are not giving the situation your full attention.</p>
<h2>4. Establish Authority Before You Smile</h2>
<p style="text-align: center"><a rel="attachment wp-att-35967" href="http://www.businesspundit.com/10-body-language-techniques-to-make-you-succeed-in-business/wspicture3_w/"><img class="aligncenter size-large wp-image-35967" src="http://www.businesspundit.com/wp-content/uploads/2011/03/wspicture3_w-600x349.jpg" alt="" width="600" height="349" /></a></p>
<p>You can use a smile to convey that you are pleased or to attempt to please others. You can use a delayed smile to show that you are confident, in control and expect to be pleased rather than please. By waiting to smile until you are confident that you have been noticed in the meeting or other business facility, you show that you bestow your smiles as you see fit.</p>
<h2>3. Move Confidently</h2>
<p style="text-align: center"><a rel="attachment wp-att-35966" href="http://www.businesspundit.com/10-body-language-techniques-to-make-you-succeed-in-business/firstimpression_1/"><img class="aligncenter size-full wp-image-35966" src="http://www.businesspundit.com/wp-content/uploads/2011/03/firstimpression_1.jpg" alt="" width="540" height="784" /></a></p>
<p>The way that you move speaks volumes about your confidence and how people will perceive your capability. Don’t hesitate in your movements or you will appear as if you second guess yourself. Should something go wrong and you trip, stumble, or accidentally collide with someone, make sure to brush it off; you will appear much more confident than if you become angry or overly embarrassed.</p>
<h2>2. Position Yourself Appropriately</h2>
<p style="text-align: center"><a rel="attachment wp-att-35968" href="http://www.businesspundit.com/10-body-language-techniques-to-make-you-succeed-in-business/group-therapy/"><img class="aligncenter size-full wp-image-35968" src="http://www.businesspundit.com/wp-content/uploads/2011/03/Group-therapy.jpg" alt="" width="600" height="398" /></a></p>
<p>When you are speaking to someone, make sure that you are neither too far away from them nor too close. Leaning in indicates interest, but move too far into someone else’s personal space and they will feel nervous and under siege. Leaning away will show that you have heard enough and is a non-verbal way to quieten an overenthusiastic speaker.</p>
<h2>1. Control Your Facial Expressions</h2>
<p style="text-align: center"><a rel="attachment wp-att-35969" href="http://www.businesspundit.com/10-body-language-techniques-to-make-you-succeed-in-business/decode/"><img class="aligncenter size-full wp-image-35969" src="http://www.businesspundit.com/wp-content/uploads/2011/03/decode.jpg" alt="" width="582" height="383" /></a></p>
<p>Your face is where most people will be looking when they are speaking to you. If you are unaware of your expressions, you may give away more than you intend to. Twisting your mouth or pursing your lips may give the impression that you are holding something back. A smile shows that you are pleased, while you may be unaware of a slight frown that shows that you are unsure of what you’re saying.</p>
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		<title>Leading with a A Soldier&#8217;s Mentality: A Warrior in the Business Battlefield</title>
		<link>http://www.businesspundit.com/eading-with-a-a-soldiers-mentality-a-warrior-in-the-business-battlefield/</link>
		<comments>http://www.businesspundit.com/eading-with-a-a-soldiers-mentality-a-warrior-in-the-business-battlefield/#comments</comments>
		<pubDate>Mon, 15 Nov 2010 17:21:25 +0000</pubDate>
		<dc:creator>Drea</dc:creator>
				<category><![CDATA[Guest Post]]></category>
		<category><![CDATA[Leadership]]></category>
		<category><![CDATA[Management]]></category>

		<guid isPermaLink="false">http://www.businesspundit.com/?p=31547</guid>
		<description><![CDATA[<p>This is a guest post by John Durfee. We were held down by AK47 fire in the middle of a crowded city. All the civilians scattered while the bullets whizzed and cracked into walls, gouging holes in the mortar and sandstone. For a moment all was... <a href="http://www.businesspundit.com/eading-with-a-a-soldiers-mentality-a-warrior-in-the-business-battlefield/">Read more</a></p>]]></description>
			<content:encoded><![CDATA[<p><em>This is a guest post by John Durfee. </em></p>
<p><strong>We were held down by AK47 fire in the middle of a crowded city.</strong> All the civilians scattered while the bullets whizzed and cracked into walls, gouging holes in the mortar and sandstone. For a moment all was chaos, we didn&#8217;t know where the fire was coming from. In the haze and noise we heard the booming voice of our captain yelling out orders. </p>
<p>Suddenly our training kicked in, and we fell into defensive formations. Each step of the way, we were guided by his strong and present voice. We gathered the wounded, started suppressive fire, and evacuated the area. Thanks to our captain&#8217;s leadership, we all made it out that day.</p>
<p>A good leader holds the same principles whether they are in charge of a platoon of soldiers, or if they&#8217;re the CEO of a company. Generals and CEOs need to have the same sense of vision, drive, and planning in order to make their teams survive and thrive.</p>
<p>In today&#8217;s economy, a sense of battle in the marketplace is apparent, as competition for customers and profits is high. In battle, it&#8217;s the goal of an army to make enemy attacks less effective, and eventually conquer. </p>
<p>This lesson is especially apparent to me as I&#8217;ve gone from being a soldier on the front lines to a supervisor of a small group of office workers. In my efforts to learn more about strong leadership I find myself going back to my former commanding officers, as well as famous American generals, for lessons and guidance. </p>
<p>Here are some pearls of wisdom from the military world that can readily be applied to the workplace:</p>
<p><strong><em>&#8220;I cannot trust a man to control others who cannot control himself.&#8221;</em> <a href="http://www.sonofthesouth.net/leefoundation/Notable%20Lee%20Quotes.htm">Robert E. Lee</a></strong></p>
<p>The strength of an Army can be seen from the strength of its leaders. Your team will follow you, and will only work as hard as you show them too. </p>
<p>If you tell your team you expect absolute excellence from them, you have to show absolute excellence in everything you do. You put in the extra hours, you&#8217;re the last one to leave, and nothing surprises you because you&#8217;re commanding every aspect of your operation.</p>
<p><strong><em>&#8220;The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with<br />
me the sunshine of my prosperity.&#8221;</em> <a href="http://www.brainyquote.com/quotes/quotes/u/ulyssessg132903.html">Ulysses S. Grant</a></strong></p>
<p>A great leader also has to have great lieutenants. These are people who you know you<br />
can rely on when situations become hectic or stressful. In a battlefield they can take command when need be, watch your flanks from attack, and scout ahead of the unit. They naturally possess an element of self-motivation and tenacity. </p>
<p>In the office, they are the people who are Johnny-On-The-spot, who have the files you&#8217;re about to ask for in their arms and your appointments scheduled. You want to try and encourage individuals that show this promise by giving them more responsibility. </p>
<p>CEO Bill Gates put it best when he said, &#8220;As we look ahead into the next century, leaders will be those who empower others.&#8221; By encouraging growth, your team stay competitive in the market, and you help the company grow as a whole.</p>
<p><strong><em>&#8220;Nobody ever defended anything successfully, there is only attack and attack and attack some more.&#8221;</em> <a href="http://www.brainyquote.com/quotes/quotes/g/georgespa125072.html">George S. Patton</a></strong></p>
<p>Growth happens when you are challenged. Maintaining the status quo means you&#8217;re giving someone else the chance to blaze right by you. </p>
<p>In larger corporations, this can be evident. I know friends that work in teams competing on the same projects for approval. You can guess that the teams whose projects get chosen most often are the first pick when its time for promotions. </p>
<p>If your team becomes relied upon, then you are seen as the hardest working group. Thus, you produce the most value for the company and you&#8217;ll quickly make a name for yourselves. You won&#8217;t be doing it through office politics or rumors, but through the simple, hard, and constant application of firepower and force on your goals and projects. </p>
<p>Bill Gates is the master of staying ahead of the pack. He says of the software world, &#8220;In this business, by the time you realize you&#8217;re in trouble, it&#8217;s too late to save yourself. Unless you&#8217;re running scared all the time, you&#8217;re gone.&#8221; Those who aren&#8217;t growing are falling behind. Rather, if you&#8217;re not shooting, you end up being the one getting shot at.</p>
<p><strong><em>&#8220;Discipline is the soul of an army. It makes small numbers formidable; procures success to the weak, and esteem to all.&#8221;</em> <a href="http://www.brainyquote.com/quotes/quotes/g/georgewash146817.html">George Washington</a></strong><br />
<strong>
<p><em>&#8220;We need to learn to set our course by the stars, not by the light of every passing ship.&#8221;</em> <a href="http://www.brainyquote.com/quotes/quotes/o/omarnbrad142744.html">Omar N. Bradley</a></strong></p>
<p>The successful leader is the one whose goals encompass the longer term. They measure success in years and campaigns, rather than days and individual battles. </p>
<p>For example, there&#8217;s the young and talented doctor who made it through medical school years younger than her peers. Or the CEO who started a company from scratch and became a millionaire before reaching the age of 35. That medical student had to study countless late night hours to earn her degree. The CEO had to travel all over the United States in order to network and bargain for every dollar of profit. Through persistence and dogged determination, they pushed themselves inch by inch into their success.</p>
<p>As a manager you need to keep that sense of scope. If you make mistakes, that&#8217;s fine too. CEO Jack Welch says, &#8220;Mistakes can often be as good a teacher as success.&#8221; You can learn from your mistakes and adapt. </p>
<p>Now that I&#8217;m somewhere in the middle of the chain of command, I can see the progress of those new recruits just starting out. One of my former commanders told me, &#8220;To lead an army you must never forget what it feels like to be a soldier on the ground.&#8221; With all these lessons in mind and my own experience, I try to lead my staff, my soldiers, into battle to win.<br />
<em>
<p>John Durfee is a Gulf War veteran and the marketing manager for Airsplat, the nation&#8217;s largest retailer of <a href="http://www.airsplat.com/">Airsoft Guns</a> including <a href="http://www.airsplat.com/Categories/AR.htm">Spring Airsoft Rifles</a>.</p>
<p></em></p>
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		<title>Doing Both: An Interview With Cisco&#8217;s Inder Sidhu</title>
		<link>http://www.businesspundit.com/doing-both-an-interview-with-ciscos-inder-sidhu/</link>
		<comments>http://www.businesspundit.com/doing-both-an-interview-with-ciscos-inder-sidhu/#comments</comments>
		<pubDate>Thu, 12 Aug 2010 17:26:13 +0000</pubDate>
		<dc:creator>Drea</dc:creator>
				<category><![CDATA[Innovation]]></category>
		<category><![CDATA[interviews]]></category>
		<category><![CDATA[Leadership]]></category>
		<category><![CDATA[cisco]]></category>
		<category><![CDATA[doing both]]></category>
		<category><![CDATA[inder sidhu]]></category>

		<guid isPermaLink="false">http://www.businesspundit.com/?p=28228</guid>
		<description><![CDATA[<p>Focus on your core competency. Prioritize. Do one thing at a time. Business has used these mantras for at least the past 20 years. But Cisco SVP Inder Sidhu wants to ask you this: What if you can do both? As in, pursue both new and existing... <a href="http://www.businesspundit.com/doing-both-an-interview-with-ciscos-inder-sidhu/">Read more</a></p>]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.amazon.com/Doing-Both-Captures-Todays-Tomorrows/dp/0137083645/ref=sr_1_1?s=books&amp;ie=UTF8&amp;qid=1281025326&amp;sr=1-1/?tag=779xz3479-20"><img src="http://www.businesspundit.com/wp-content/uploads/2010/08/doingboth-600x883.jpg" alt="" title="doingboth" width="600" height="883" class="alignright size-large wp-image-28154" /></a></p>
<p><strong>Focus on your core competency. Prioritize. Do one thing at a time.</strong> Business has used these mantras for at least the past 20 years. But Cisco SVP Inder Sidhu wants to ask you this: What if you can do both?</p>
<p>As in, pursue both new and existing business models. Be disciplined and flexible. “Invent like a startup”  while you “grow like a giant.” Focus on your customers while nurturing your partnerships.</p>
<p>Sidhu’s new book, <a href="http://www.doingboth.com/">Doing Both: How Cisco Captures Today’s Profit and Drives Tomorrow’s Growth</a>  explores this strategy of mutual reinforcement. This practical book, which Sidhu describes as being “for practitioners, about practitioners, and by practitioners,” explores not only how Cisco has succeeded by “doing both,” but uses case studies from a host of other blue-chip companies to underline its main points.</p>
<p>I caught up with Sidhu to talk more about what doing both means, Cisco’s successes and failures, what companies should be using the strategy, and exciting projects inside of Cisco.</p>
<p><strong>BP: Could you describe to me what doing both means?</strong></p>
<p>When an organization has to wrestle with two different choices, I think the tendency is to choose one option over the other, and pursue it to fruition.</p>
<p>While there’s nothing wrong with focusing on things to get them done per se, I think that making trade-offs can sometimes be a false choice. I’ve been in dozens of situations like that.</p>
<p>For example, even in meetings with our own CEO, somebody will come up and they’ll say, “, John, we could give you this business that will grow dramatically and rapidly but unfortunately the margins are not going to be great.”</p>
<p>A lot of times, the message back is that there are a lot of people who can do growth without margins. There are also a lot of people who can do margins without growth. We need to figure out a way to actually deliver both.</p>
<p>Believe it or not, 9 times out of 10 these people will come back, when forced to do so, and find a more creative solution where they actually get results on both. It really works when you can find the multiplier between A and B. As opposed to saying “I’ll do A rather than B,” you do both A and B. The next thing you find is the multiplier that makes each side better.</p>
<p>It runs a little counter to the notions of you have to stick to your knitting, you need to focus on your core competencies. Most of us, when we go to business school, get programmed into a trade-off, you have to pick one thing or another.</p>
<p>Yet when it comes to our personal lives, we use the notion of doing both very easily. It’s like saying if you’re a gymnast, you need strength and flexibility. If you’re a carmaker, you need performance and safety. If you’re a parent, you need to give your kids roots that will keep then grounded and wings that will help the soar. You try to balance your personal life, be a parent and a worker.</p>
<p>We do all those things very seamlessly, because that seems to be the natural way. But when we put on our armor and go to work, we get into this mode of we have to pick this or that. We do that in such a focused manner that we forget that there’s a multiplier effect that can happen when we do two things in conjunction.</p>
<p><strong>BP: How do you find that multiplier effect?</strong></p>
<p>You have to force yourself to look for it consciously. Perhaps a way to illustrate it would be in the domain of innovation. Cisco was going along with its routers and switches, and we were doing that quite well, and making good money from it. But then we said we really need to do a lot more disruptive innovation even though were getting to be a big company.</p>
<p>We created a unit and started to do some disruptive activities within it. That unit helped us get into the voice business. We leveraged the voice technology and created technology that helped our mainstream engine. Then when we created the next generation of routers and switches, we took the technology from that, moved it over to the disruptive side, and entered the storage market, a whole new market. We then used the hardware and software from our storage market to create the next generation of switches. We used the operating software from the switches to go back into the computing market.</p>
<p>So we’ve got a scenario where we have the disruptive innovation and the sustaining innovation curve. On the sustaining side, we’ve got routers and switches that keep getting better and better. On the disruptive side, we’ve entered the voice market, storage market, compute market, etc. Each time we give one side’s technology to the other side, it results in a multiplier effect.</p>
<p><a href="http://dilbert.com/strips/comic/2010-08-02/" title="Dilbert.com"><img src="http://dilbert.com/dyn/str_strip/000000000/00000000/0000000/000000/90000/6000/600/96661/96661.strip.gif" border="0" alt="Dilbert.com" /></a></p>
<p><strong>BP: Could you give me an example of a company or industry right now that is not doing both, but could really benefit from doing both?</strong></p>
<p>Dell’s a great example. Dell’s a bit of a one-trick pony, but they were very good at process innovation and getting great efficiencies out of their product line. What they were not focused on was innovation.</p>
<p>So here’s a company that was doing a lot of operational excellence and not enough innovation. They eventually suffered as a result of that. Other people started coming up with more innovative offerings. Dell was trying to change that, but that’s hard to do overnight. Eventually Michael Dell came back and started to invest a little more in innovation. But they still struggle, I fear, with that challenge.</p>
<p>The flip side of it would be Apple, which seems to be everyone’s favorite example these days. Apple does sustaining and disruptive innovation. When you look at the iPods, iPhones and so on, the unique new device that comes out every year means they’re sustaining innovation, because it’s faster, better, cheaper.</p>
<p>At the same time, they do disruptive innovation with things like the iTunes platform, Apps Exchange, the mobile cloud service. Things like that have turned them from a product company into a platform company.</p>
<p>Apple is doing sustainable innovation, they’re doing disruptive innovation, they found the multiplier effect and they’re blending it all together. You have your iPod, you have your iTunes, you’re leveraging their platform because you’re on their platform, you buy their next device, and on and on.</p>
<p>It’s really the multiplier that has really worked for them, whereas for Dell, it’s been kind of the opposite, where they haven’t done both.</p>
<p>I think the contrast between Apple and Dell is quite striking.</p>
<p><a href="http://www.businesspundit.com/doing-both-an-interview-with-ciscos-inder-sidhu-2/cisco/" rel="attachment wp-att-28172"><img src="http://www.businesspundit.com/wp-content/uploads/2010/08/cisco-600x379.gif" alt="" title="cisco" width="600" height="379" class="alignright size-large wp-image-28172" /></a></p>
<p><strong>BP: Could you tell me a little bit about Cisco’s $2 billion supply chain disaster and what you learned from it?</strong></p>
<p>Back in the late 1990s, we were growing very rapidly. When the dot-com bust happened, we had a very dramatic slowdown of our business, because the equipment we were selling was being used by many dot-com companies. We went from a growth rate of more than 60% to -40% in about 30 days. It was a dramatic shift.</p>
<p>During the boom, we could barely keep up with the demand we had, including some people that were saying “look, I want one of these products from Cisco, and if I order three of them, then I’ll hopefully get one.”</p>
<p>We also thought that we were better than what we really were. There were managers, myself included, who probably had a little bit of hubris and so on&#8211;but we were challenged. And when the bubble burst, there were tons of components that nobody wanted. So we had to turn things around.</p>
<p>After the bubble burst, we started looking at our operations. They were not as good as we thought. We had to go down from 1300 suppliers to 300. We used to run our entire manufacturing on spreadsheets, even though we were a multi-tens of billions dollar company. We had to really optimize that. We had 20 different contract manufacturers and we had to optimize that down to four. </p>
<p>We did all those things. That helped increase the inventory turns by over 50% over a 3-4 year period. We had to do this optimizing, just to make sure that we were at the right place.</p>
<p>Even after we did that, we had still had to reinvent ourselves. That’s when we went from a supply-push model to a demand-pull model. We worked to reorganize all our roles in manufacturing so that it was much more centered around customers and synchronized. </p>
<p>Once we did all that and learned all the lessons around, such as, make sure your demand is real, make sure your customers are credit-worthy, make sure your component suppliers are not too many, make sure contract manufacturers are not proliferating, make sure your systems are synchronized with each other and driven off the customer, etc. Once we learned all those lessons, then things started to improve.</p>
<p>Also, although existing management was good enough to go into a phase of optimization, we needed new management to really take us through a reinvention. We had a goal, set by Angel Mendez our head of Supply Chain Operations, which was that we wanted to become world leaders of supply-chain management. I think I mentioned in the book that AMR Research, which ranks people for supply-chain excellence across all industries, has a list of the top 25 supply chain companies in the world.</p>
<p>We had never been on it, even though we thought we were the cat’s meow. So we started working at it. The first year, we got onto the list at number 18. The next year, we went to #11. The next year to #8, and then #5, and this year, we actually made it to #3.</p>
<p>That’s a list that has Wal-Mart in there, it’s got Toyota in there, it’s got Apple, and all these world class supply chain companies. So our story is kind of like a phoenix rising from the ashes. </p>
<p>But that was an interesting story in the book. It was a chapter that started out very grim. With a $2 billion write-off, the biggest company with the biggest supply-chain disaster anywhere was Cisco Systems. To recover from that in less than a decade to be the third-best supply chain company in the world…it was a lot of work, but that was the interesting element to the story.</p>
<p><a href="http://www.businesspundit.com/doing-both-an-interview-with-ciscos-inder-sidhu-2/inderpic/" rel="attachment wp-att-28155"><img src="http://www.businesspundit.com/wp-content/uploads/2010/08/inderpic-600x400.jpg" alt="" title="inderpic" width="300" height="200" image align=right class="alignright size-large wp-image-28155" /></a></p>
<p><strong>BP: What’s Cisco working on right now that you are most excited about?</strong></p>
<p>If I had to pick a couple, one is Smart and Connected Communities, and the second is our Council and Board structure, which is not understood very well in the business community right now, but which is yielding dramatic results for us.</p>
<p>Read Inder’s remarks on <a href="http://www.businesspundit.com/inder-sidhu-on-smart-and-connected-communities/">Smart and Connected Communities</a> here. </p>
<p>The second thing I’m excited about is the council and board structure that Cisco has. Most companies have a formal organization structure that looks kind of like a pyramid. You’ve got the CEO at the top, and reporting to the CEO are different people who run sales and marketing and engineering, the different divisions. For us, these are different functions. Then, underneath those functions, you have the sub-functions and so on.</p>
<p>For nearly the last ten years at Cisco, we’ve created a parallel structure, another pyramid. If you want to call the first one the authoritative leadership pyramid, the second one would be the collaborative leadership pyramid.</p>
<p>That second pyramid is much more informal. Instead of the CEO at the top, it has the operating committee that sits at the top. This is a group of about a dozen people, including John’s direct reports and a few other other people, etc. Underneath the operating committee we have nine different councils.</p>
<p>A council is a collection of people we bring together from various functions. Their job is to go after a particular segment, or cross-functional opportunity. We make them responsible for real numbers. In order to be a council, you must run a $10 billion business. We measure you on all the usual financials for that segment, such as revenue, margins, profitability, customer satisfaction&#8211;all those kinds of things.</p>
<p>We’re able to get the best of both worlds because we’ve got both the pyramids operating at the same time. The pyramid on the left side of the page in the book, the classical pyramid, gives us a lot of efficiency, because we’re organized by function. Our customer service is very efficient, our sales is known to be world class, and so forth. That gives you speed and agility and so on.</p>
<p>Then, parallel to that, we have the cross-functional pyramid that gives you the ability to quickly make decisions that are very customer-centric. It allows literally hundreds of people to be on these councils, which are worth $10 billion each, and then underneath them the boards, which are $1 billion each, and underneath that our working groups to inform the boards. Because of this structure, there’s opportunity for hundreds and hundreds of people to basically come up with decisions and engage on projects.</p>
<p>It sounds a little bit like matrix management, but it’s very different. In matrix management, decisions generally degenerate to the lowest common denominator. With us decisions form around the highest possible aspiration. In our organization, we actually try to have everyone on the same incentive structure. Instead of holding off resources for functional benefit, people are therefore actually sharing the resources. We ask and require every person to make decisions at the table as opposed to having to seek permission from their bosses.</p>
<p>So you end up getting these councils and these boards making mega-decisions for the company. We could find a business problem that needs to be addressed. Traditionally, that would wait until it got percolated to the top of the corporation. Now, we just take a couple of executives and throw them at it. They put together a board around it, they execute on that. </p>
<p>Within forty five days, we’re standing in front of the Board of Directors with a plan, ready to execute, and then a bunch of empowered and motivated people actually executing it.</p>
<p>It’s given us a lot of agility. What’s interesting about it is that it’s very much an example of doing both. On the operating committee, I can’t tell you the number of times when we’ll be sitting and John or someone will say well, for this particular topic, which we’re going to discuss for the next 30 minutes, we’re operating in command and control mode. The next one after that, we’re in collaboration mode, etc. So you get that flexibility to deal with issues as you need to. </p>
<p>That’s given us tremendous acceleration in how the work gets done, how many people are involved in the work, and how we can systematically and rapidly drive change through the organization.</p>
<p>We have this structure, and it’s operating really, really well. We’ve removed management time as the scarce resource bottleneck that was previously constraining us. People have become huge fans of it inside the company. We’re getting a lot of benefit and we’re pursuing so many opportunities that we couldn’t.</p>
<p>The other thing that happens is you expose so much talent when you do that. I ran two councils at Cisco, the Emerging Countries Council and the Enterprise Business Council, and have seen first-hand how you get people bubbling up from the bottom and across the company who really want to engage in these things. You open up so much new management talent, it’s amazing.</p>
<p><em>Inder Sidhu is senior vice president of Strategy &#038; Planning at Cisco and author of the forthcoming book, Doing Both: How Cisco Captures Today’s Profit &#038; Drives Tomorrow’s Growth. Read more about his book and check out his blog at <a href="http://www.doingboth.com/">DoingBoth.com</a>.<br />
</em></p>
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		<title>Book Review: Delivering Happiness by Zappos&#8217; Tony Hsieh</title>
		<link>http://www.businesspundit.com/book-review-delivering-happiness-by-zappos-tony-hsieh/</link>
		<comments>http://www.businesspundit.com/book-review-delivering-happiness-by-zappos-tony-hsieh/#comments</comments>
		<pubDate>Tue, 08 Jun 2010 16:37:03 +0000</pubDate>
		<dc:creator>Drea</dc:creator>
				<category><![CDATA[Books]]></category>
		<category><![CDATA[Getting it done]]></category>
		<category><![CDATA[Leadership]]></category>
		<category><![CDATA[delivering happiness]]></category>
		<category><![CDATA[tony hsieh]]></category>
		<category><![CDATA[zappos]]></category>
		<category><![CDATA[zappos book]]></category>

		<guid isPermaLink="false">http://www.businesspundit.com/?p=25292</guid>
		<description><![CDATA[<p>Transparency. Alignment. Relationship building. Culture. Many companies struggle to incorporate today’s new business memes. But some companies have embodied these ideas for years. Zappos, the online shoe store known for its tribal culture... <a href="http://www.businesspundit.com/book-review-delivering-happiness-by-zappos-tony-hsieh/">Read more</a></p>]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.amazon.com/dp/0446563048/?tag=779xz3479-20"><img src="http://www.businesspundit.com/wp-content/uploads/2010/06/deliveringhappiness.jpg" alt="" title="deliveringhappiness" width="500" height="500" class="alignright size-full wp-image-25301" /></a></p>
<p><strong>Transparency. Alignment. Relationship building. Culture. </strong></p>
<p>Many companies struggle to incorporate today’s new business memes. But some companies have embodied these ideas for years. Zappos, the online shoe store known for its tribal culture and customer service, is one of those companies. </p>
<p>Zappos’ CEO, Tony Hsieh, tells his story in <a href="http://www.deliveringhappinessbook.com">Delivering Happiness: A Path to Profits, Passion, and Purpose</a>. The book covers both Tony&#8217;s personal entrepreneurial story and that of his company, Zappos. <em>Delivering Happiness</em> offers a feel-good look at the passion, culture, and, yes, happiness that could drive the next generation of companies. </p>
<p><strong>Inside the Book</strong></p>
<p><em>Delivering Happiness</em> starts with a look at Tony’s childhood. Like many of today’s successful businesspeople, Tony was an entrepreneur, innovator, and achiever from a young age. You follow Tony into high school, through his Harvard undergrad education, and then through the inception and buyout of his first major company, LinkXChange, which made him millions. </p>
<p>After selling LinkXChange, Tony dabbled in new projects, from poker to investing, before realizing that building companies was his passion. At this point, he jumped into a young, struggling Zappos, betting most of his fortune on the company’s success. After several trials, Tony and his team get Zappos off the ground and growing.</p>
<p>The second part of the book leaves Tony’s personal biography aside to focus more on Zappos’ inner workings.  Zappos has three priorities: customer service, culture, and employee training and development. Tony describes how Zappos uses each, and how each is a competitive advantage. Then, the same chapter goes through each of Zappos’ ten core values in detail, with employee anecdotes along the way. </p>
<p>The third part of the book describes the public relations and speaking lessons Tony learned, as well as what alignment means to Zappos. It then covers the Amazon buyout. Tony finishes the book with a chapter on happiness, what it means for both humans and business, and the questions you should ask yourself in order to find it in your own life and career. </p>
<p><strong>Thoughts</strong></p>
<p>If you’re a regular business book reader, some of the concepts inside of <em>Delivering Happiness</em>—building on your core values, learning what to outsource, impressing customers through service—won’t sound new. The character-building trials Tony describes are also a theme of any biographical business book. </p>
<p>Yet <em>Delivering Happiness</em> is timely. Buzzwords like alignment and culture are smoking hot in today&#8217;s business language. Zappos is emblematic of many such &#8220;conscious&#8221; qualities. If you haven&#8217;t yet immersed yourself in new corporate culture, Tony and Zappos&#8217; story is a fun place to start. </p>
<p>Tony&#8217;s verve, passion, and openness also differentiate <em>Delivering Happiness</em> from your average business biography. He describes a wide array of experiences, including having an epiphany at a warehouse rave. Tony&#8217;s engaging writing style makes the book feel conversational, even in some of the more technical, business-y sections. </p>
<p><strong>Should You Read It?</strong></p>
<p>If you&#8217;re already familiar with today&#8217;s new corporate qualities, and are scratching your head about whether to pick up this particular book, I&#8217;d say skip it. I found it good, but not mind-blowing. Nothing really stuck with me after I closed it, because I&#8217;d learned about the importance of spectacular customer service and company culture elsewhere. </p>
<p>Still, I do think that some people would benefit. <em>Delivering Happiness</em> would make a great starter business book for Gen Y-ers. Tony sounds like a Red Bull-chugging, whip-smart kid at heart. Today&#8217;s 20-somethings can probably relate much more closely to him than to old-school titans like Jack Welch. I also recommend <em>Delivering Happiness</em> if you&#8217;re curious about Zappos (or a fan), or you want a primer on today&#8217;s new-school business qualities.</p>
<p><em>Disclosure: We received a free promotional copy of Delivering Happiness.</em> </p>
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		<title>50 Tips to Make You a Better Leader</title>
		<link>http://www.businesspundit.com/50-tips-to-make-you-a-better-leader/</link>
		<comments>http://www.businesspundit.com/50-tips-to-make-you-a-better-leader/#comments</comments>
		<pubDate>Wed, 02 Jun 2010 17:01:36 +0000</pubDate>
		<dc:creator>Drea</dc:creator>
				<category><![CDATA[Leadership]]></category>
		<category><![CDATA[Management]]></category>
		<category><![CDATA[People]]></category>
		<category><![CDATA[better leader]]></category>
		<category><![CDATA[leader]]></category>
		<category><![CDATA[leaders]]></category>
		<category><![CDATA[leadership tips]]></category>

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		<description><![CDATA[<p>Image: EpSos.de/Flickr Leadership is an art. Keeping your workers happy and maximizing their potential while attaining company goals is not for the faint of heart. We've compiled 50 tips that cover the mental, physical, and management aspects... <a href="http://www.businesspundit.com/50-tips-to-make-you-a-better-leader/">Read more</a></p>]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.businesspundit.com/50-tips-to-make-you-a-better-leader/king/" rel="attachment wp-att-24111"><img src="http://www.businesspundit.com/wp-content/uploads/2010/05/king.jpg" alt="" title="king" width="500" height="375" class="alignright size-full wp-image-24111" /></a><br />
<em>Image: <a href="http://www.flickr.com/photos/epsos/4152919570/">EpSos.de</a>/Flickr</em></p>
<p><strong>Leadership is an art.</strong> Keeping your workers happy and maximizing their potential while attaining company goals is not for the faint of heart. We&#8217;ve compiled 50 tips that cover the mental, physical, and management aspects of being a leader. </p>
<p><font size=+1>General Leadership Tips</font><br />
These tips will give you an all-around leadership boost. From leading like a child to accessing your brain chemistry, here&#8217;s how to lead well. </p>
<p>Here&#8217;s a list of <a href="http://www.leadership-expert.co.uk/leadership-skills-list/">skills you should have</a> to be a leader. </p>
<p>Good leadership vs. <a href="http://www.leadchangegroup.com/good-leadership-vs-effective-leadership/?utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+LeadChangeGroupRSS+%28Lead+Change+Group%29">effective leadership</a>. </p>
<p>If you want to be a successful leader, crunch time is <a href="http://hardcourtlessons.blogspot.com/2010/05/crunch-time-is-all-time.html?utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+blogspot%2Fvbja+%28Hard+Court+Lessons%29">all the time</a>. </p>
<p>Exceptional leaders start with why, <a href="http://www.co2partners.com/blog/2010/05/leadership-tip-execeptional-leaders-start-with-why-not-what-or-how/">not what or how</a>. </p>
<p><a href="http://blog.kevineikenberry.com/uncategorized/build-your-leadership-skills-on-a-solid-foundation/?utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+kevineikenberry%2FIqNO+%28Kevin%27s+Blog%29">Build your leadership skills</a> on a solid foundation. </p>
<p>Is your company playing <a href="http://www.management-issues.com/2010/5/7/opinion/is-your-company-playing-follow-the-leader.asp">follow the leader</a>? </p>
<p>How to get yourself <a href="http://blogs.hbr.org/hbr/cramm/2010/05/how-to-get-out-of-the-doghouse.html?utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+harvardbusiness+%28HBR.org%29">out of the work doghouse</a>. </p>
<p><a href="http://www.forbes.com/2010/05/03/talent-code-coyle-leadership-managing-varghese.html?feed=rss_leadership_managing">Unlock brain chemistry</a> to learn new leadership skills. </p>
<p>Leadership always <a href="http://www.leadershipnow.com/leadingblog/2010/05/leading_views_leadership_witho.html">has a pinch of fear</a>&#8211;and it has to. </p>
<p>Lead <a href="http://www.greatleadershipbydan.com/2010/05/lead-like-child.html">like a child</a>. </p>
<p><a href="http://www.steveshapiro.com/2010/05/12/redefining-failure/?utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+steveshapiro+%28Steve+Shapiro%29">Redefine failure</a> to be a better leader. </p>
<p>Lead first, then <a href="http://orrinwoodward.blogharbor.com/blog/_archives/2010/4/1/4494866.html">manage the numbers</a>. </p>
<p><a href="http://sanderssays.typepad.com/sanders_says/2010/05/rehearse-dealing-with-distractions.html?utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+SandersSays+%28Sanders++Says%29">Rehearse</a> dealing with distractions. </p>
<p>Leading and restarting business growth: <a href="http://predictablesuccess.com/blog/are-you-still-waiting-for-someone-to-repair-the-elevator/">Don&#8217;t just wait</a> for someone to fix your elevator. </p>
<p>Why <a href="http://www.missionmindedmanagement.com/why-you-shouldnt-hire-the-best-and-the-brightest-candidate?utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+MissionMindedManagement+%28Mission+Minded+Management%29">you shouldn&#8217;t hire</a> the best and brightest candidate. </p>
<p>Great leaders <a href="http://thoughtleadersllc.blogspot.com/2010/05/great-leaders-should-move-to-cubicle.html?utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+ThoughtleadersLlcBlog+%28thoughtLEADERS+Blog%29">should move to a cubicle</a>. </p>
<p>Rapid change <a href="http://www.leadershipinstituteofindianapolis.com/rapid-change-tests-leaders-how-do-you-stand/">tests leaders</a>. How do you stand? </p>
<p>How to <a href="http://www.ttmitchellconsulting.com/Mitchblog/getting-back-on-track/">get back on track</a> when things get crazy. </p>
<p><font size=+1>Leadership and Team Building</font><br />
When you&#8217;re managing a team, certain skills come into play. How do you keep employees motivated? What about dealing with excuses, or setting an example? Learn more below. </p>
<p>Build a <a href="http://talkingstory.org/2010/05/willing-and-able-to-be-human/?utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+TalkingStoryWithSayLeadershipCoaching+%28Talking+Story+with+Say+Leadership+Coaching%29">competent, self-reliant team</a> by being human. </p>
<p>How to <a href="http://ericjacobsononmanagement.blogspot.com/2010/04/create-core-values.html">create core values</a> for your team. </p>
<p><a href="http://artpetty.com/2010/05/10/leadership-caffeine-7-ideas-to-help-leverage-different-perspectives-on-your-team/?utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+artpetty%2Fmanagement_excellence+%28Management+Excellence+by+Art+Petty%29">7 ideas</a> to help leverage different perspectives on your team. </p>
<p>Help your people perform better, and <a href="http://www.bretlsimmons.com/2010-05/want-your-people-to-care-more-help-them-perform-better/">they&#8217;ll care more</a>. </p>
<p><a href="http://www.managementblog.com.au/management_blog/2010/05/what-not-to-say-at-work.html">Avoid these toxic words</a> while communicating with your team and superiors.<br />
<a href="http://www.talent-technologies.com/new/2010/04/difficult-conversations-thailand/"><br />
Having difficult conversations</a> with members of your team. </p>
<p>How to regularly <a href="http://www.richgee.com/?p=2397">acknowledge your direct reports</a>. </p>
<p><a href="http://blog.emergenceconsulting.net/2010/04/when-your-team-is-protecting-you-from-bad-news.html?utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+TheEnlightenedManager+%28The+Enlightened+Manager%29">What to do when</a> your team is protecting you from bad news. </p>
<p>How to develop a great culture <a href="http://blog.roundpegg.com/2010/05/07/how-to-develop-great-cultures/">within your team</a>. </p>
<p>How to <a href="http://www.inc.com/magazine/20100501/how-to-keep-your-workers-happy.html">keep your workers happy</a>. </p>
<p>Why you <a href="http://online.wsj.com/article/SB10001424052748703339304575240770333031744.html?mod=dist_smartbrief">shouldn&#8217;t accept excuses</a> from your employees. </p>
<p><font size=+1>Defining Leadership Success</font><br />
Before you can become a successful leader, you need to know what leadership success&#8211;let alone leadership&#8211;is. </p>
<p>2 things you <a href="http://www.terrystarbucker.com/2010/05/09/leaders-as-teachers-two-things-you-absolutely-positively-must-do-to-be-effective/">absolutely must do</a> to be an effective leader. </p>
<p><a href="http://www.leadershipnow.com/leadingblog/2010/05/leadology_what_is_leadership.html?utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+WeeklyLeader+%28Weekly+Leader%29#trackback">What is leadership</a>? </p>
<p>What persistence <a href="http://leadonpurposeblog.com/2010/04/05/leadership-and-persistence/">has to do with leadership</a>. </p>
<p>The true measure of your greatness as a leader is to <a href="http://stevefarber.com/blog/?p=1127">develop better leaders than yourself</a>. </p>
<p>What&#8217;s the <a href="http://blogs.hbr.org/goldsmith/2010/02/the_mark_of_a_great_leader.html?utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+harvardbusiness%2Fgoldsmith+%28Marshall+Goldsmith+on+HBR.org%29">mark of a great leader</a>? </p>
<p>What&#8217;s <a href="http://www.emmanuelgobillot.com/pages/news/index.asp?NewsID=75">the one thing leaders can do</a> to become more successful? Nothing. </p>
<p>A Q&#038;A on <a href="http://www.robinsharma.com/scripts/ic_blog.php?id=617">leading without a title</a>. </p>
<p>How to <a href="http://thesabloggers.org/2010/05/how-to-tell-a-%E2%80%9Cwho-do%E2%80%9D-from-a-%E2%80%9Cguru%E2%80%9D-part-1/">tell a who-do</a> from a guru. </p>
<p>You want to be a leader? <a href="http://www.fiercecio.com/story/you-want-be-leader-lead/2009-10-18?utm_medium=rss&#038;utm_source=rss">Then lead</a>.<br />
<a href="http://sethgodin.typepad.com/seths_blog/2010/05/who-do-you-work-for-and-who-works-for-you.html?utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+typepad%2Fsethsmainblog+%28Seth%27s+Blog%29"><br />
Who do you really work for</a>? And who works for you? </p>
<p>The <a href="http://managingleadership.com/blog/2010/01/26/the-management-uncertainty-principle/?utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+ManagingLeadership+%28Managing+Leadership%29">management uncertainty principle</a>. </p>
<p><a href="http://businesswisdom101.blogspot.com/">Short, useful daily quotes</a> on leadership and business. </p>
<p><font size=+1>Mistakes to Avoid</font><br />
Every good leader makes mistakes. That doesn&#8217;t make those mistakes any less painful. See what you can avoid ahead of time. </p>
<p>Are <a href="http://www.maximizepossibility.com/employee_retention/2010/05/managing-people-effectively-are-you-mismanaging-talent.html">you mismanaging talent</a>? </p>
<p><a href="http://www.n2growth.com/blog/6-traits-of-ineffective-leaders/">8 traits</a> of ineffective leaders. </p>
<p>Ignoring unpleasant truths <a href="http://management.curiouscatblog.net/2010/05/04/ignoring-unpleasant-truths-is-often-encouraged/">is often encouraged</a> in the leadership world.<br />
<a href="http://www.noop.nl/2010/05/the-nonsense-of-leadership-princes-and-priests.html?utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+noop+%28NOOP.NL%29"><br />
Avoid the nonsense</a> in leadership. </p>
<p><a href="http://sixdisciplines.com/BlogRetrieve.aspx?BlogID=5880&#038;PostID=107222">How not to implement change</a> in your organization. </p>
<p><font size=+1>Leadership Stories</font><br />
The world is full of powerful, effective leaders. Learn by example. </p>
<p><a href="http://blog.threestarleadership.com/2010/05/10/3-lessons-from-the-military.aspx?ref=rss">3 leadership lessons</a> from the military. </p>
<p><a href="http://www.jimestill.com/2010/05/leadership-secrets-of-hillary-clinton.html?utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+TimeLeadership+%28CEO+Blog+-+Time+Leadership%29">Hillary Clinton&#8217;s leadership secrets</a>. </p>
<p>Goldman Sachs&#8217; <a href="http://leadershipunleashed.typepad.com/leadership/2010/04/goldman-sachs-leadership-lesson-in-addiction.html?utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+typepad%2FzGOI+%28The+Recovering+Leader%29">leadership lesson in addiction</a>. </p>
<p>Lessons for leaders <a href="http://cultivategreatness.com/2009/05/25/lessons-for-leaders-from-the-worlds-highest-mountains?utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+cultivategreatness+%28Cultivate++GREATNESS++|++Personal++Development%29">from the world&#8217;s highest mountains</a>. </p>
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		<title>Book Review: &#8220;ESPN: The Company&#8221;</title>
		<link>http://www.businesspundit.com/book-review-espn-the-company/</link>
		<comments>http://www.businesspundit.com/book-review-espn-the-company/#comments</comments>
		<pubDate>Wed, 23 Dec 2009 17:27:47 +0000</pubDate>
		<dc:creator>Drea</dc:creator>
				<category><![CDATA[Books]]></category>
		<category><![CDATA[Innovation]]></category>
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		<category><![CDATA[anthony smith]]></category>
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		<description><![CDATA[<p>I challenge you to evolve a company. Let’s say you and a group of friends have a killer business idea. You create a startup. After a lot of elbow grease, you scrounge up enough funds to get the startup off the ground. Next, you... <a href="http://www.businesspundit.com/book-review-espn-the-company/">Read more</a></p>]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.amazon.com/ESPN-Company-Lessons-Behind-Fanatical/dp/047054211X/ref=sr_1_1?ie=UTF8&#038;s=books&#038;qid=1261330784&#038;sr=8-1/?tag=779xz3479-20"><img src="http://www.businesspundit.com/wp-content/uploads/2009/12/espn_the_company1.jpg" alt="espn_the_company" title="espn_the_company" width="450" height="620" class="alignright size-full wp-image-17236" /></a><br />
<strong><br />
I challenge you to evolve a company.</strong> </p>
<p>Let’s say you and a group of friends have a killer business idea. You create a startup. After a lot of elbow grease, you scrounge up enough funds to get the startup off the ground.  </p>
<p>Next, you aggressively market, hire, and expand enough to ensure your little company’s survival.  Once you’ve gained enough traction to do that, you work like a dog to ramp up your company’s growth with new products, services, and markets. </p>
<p>Years later, you’re a sizable corporation. Congratulations! Just don’t grow complacent or egotistical. You’ll threaten your own survival if you do that.  Your challenge now is to thrive as an institution. </p>
<p>Handful enough for you? It is. That’s why few companies make it from fanatical startup to established institution.* </p>
<p><strong>Growing up can be complicated. </strong></p>
<p>That&#8217;s also why it&#8217;s hard for your average author to effectively chronicle a company’s growth. You have to draw out lessons and patterns from decades of details. You have to put your own biases aside to tell the story as it was. At the same time, you need to make readers understand the importance of how the company handled the challenges inherent to its evolution.  </p>
<p>It takes the right combination of mind and skills to pull this kind of thing off. And that’s exactly what authors Anthony F. Smith and Keith Hollihan manage to do in <em><a href="http://www.amazon.com/ESPN-Company-Lessons-Behind-Fanatical/dp/047054211X/ref=sr_1_1?ie=UTF8&#038;s=books&#038;qid=1261330784&#038;sr=8-1/?tag=779xz3479-20">ESPN: The Company</a></em>. </p>
<p><strong>Good job, guys.</strong></p>
<p><em>ESPN: The Company </em>pulls you into life at ESPN through vivid character and company descriptions. You learn by vicariously participating. </p>
<p>That’s what consultant Anthony F. Smith did during his 20+-year tenure with ESPN, though he experienced the company firsthand. He joined with McKinsey just as ESPN was gaining traction as a startup. He stayed all the way through to its current incarnation as a $30 billion sports media giant. </p>
<p>In those years, he grew intimate with the people, culture, and strategy of ESPN. He and cowriter Keith Hollihan chronicle the highlights of those years: The prominent  personalities within the company, the victories and losses, and the lessons learned.<br />
<strong><br />
ESPN: Corporate Success. Teacher.</strong></p>
<p>Each of the book’s eight chapters covers a guiding principle to ESPN’s success. Those guiding principles helped ESPN evolve from idea to empire, but could be applied to any company wanting to stay competitive and creative while ascending competitive ladder. </p>
<p>Individually, each principle can be applied to any company. Taken together, though, they are the unique formula that led to ESPN’s success. </p>
<p>Principles include:<br />
<em><br />
<strong>Turn Fanatics into Fans:</strong> Make your business all about the customer, and hire fanatics to work for you.</p>
<p><strong>Think like an incumbent, but act like a challenger:</strong> Let your innate insecurities drive your achievement. Believing you are the best while being driven by doubts can be a good thing.</p>
<p><strong>Find the right leader at the right time:</strong> Every stage of an organization demands a different type of leadership. Surround yourself with other leaders who compensate for your weaknesses. </p>
<p><strong>Expand your brand:</strong> Let your mission drive your brand, not vice-versa. Protect the brand more aggressively than you expand it.</em></p>
<p>While chronicling ESPN’s story, Smith also explains how it developed and kept its winning formula. For example, ESPN started up with a hungry, passionate, hardworking culture. Smith explains how they were able to keep it intact even after they grew large. </p>
<p>Smith also explains how the company created the markets it now dominates. In another, especially strong chapter, he describes how each of the company’s leaders contributed to the right growth at the right time. He also breaks down how ESPN harnessed its employees’ and fans’ passion to gain business wins. </p>
<p><strong>These are lesson every business should learn. </strong></p>
<p><em>ESPN: The Company</em> rewards readers with company intimacy and wisdom. The authors incorporate tidbits from a variety of sources to add nuance to the story. These include quotes, anecdotes, cable TV industry history, anthropology, and organizational science. </p>
<p>This richness helps you feel like you’re participating in ESPN’s story. You come out of each chapter having learned through your reading experience. The authors recap lessons in a short summation at the end of each chapter. The book’s tone, while deeply respectful of ESPN, doesn’t make bones about the contentious aspects of the company’s growth.<br />
<strong><br />
Conclusion: The book’s a winner.</strong></p>
<p>A book is a success when it makes you respect a company you formerly knew little about. It is a success when you feel like you&#8217;ve experienced, rather than read, the story within. Ditto if it makes you want to read more of the authors&#8217; work.</p>
<p><em>ESPN: The Company</em> did all three for me. I highly recommend it. </p>
<p><em>*These four stages are taken from the book, where they are chronicled in more detail. </p>
<p>Disclosure: We were sent a copy of ESPN: The Company for free. </em></p>
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		<title>Just Before his Fed Renomination, Time Magazine Names Ben Bernanke Person of the Year</title>
		<link>http://www.businesspundit.com/just-before-his-fed-renomination-time-magazine-names-ben-bernanke-person-of-the-year/</link>
		<comments>http://www.businesspundit.com/just-before-his-fed-renomination-time-magazine-names-ben-bernanke-person-of-the-year/#comments</comments>
		<pubDate>Wed, 16 Dec 2009 16:41:41 +0000</pubDate>
		<dc:creator>Drea</dc:creator>
				<category><![CDATA[Government]]></category>
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		<category><![CDATA[ben bernake]]></category>
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		<category><![CDATA[ben bernanke biography]]></category>
		<category><![CDATA[bernanke]]></category>
		<category><![CDATA[time man of the year 2009]]></category>
		<category><![CDATA[time person of the year 2009]]></category>

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		<description><![CDATA[<p>Time Magazine has named Fed Chairman Ben Bernanke its Person of the Year 2009, just days before the Senate Banking Committee votes on his renomination. The timing, while probably not deliberate, is interesting. According to one Research 2000... <a href="http://www.businesspundit.com/just-before-his-fed-renomination-time-magazine-names-ben-bernanke-person-of-the-year/">Read more</a></p>]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.time.com/time/specials/packages/article/0,28804,1946375_1948023_1948057,00.html"><img src="http://www.businesspundit.com/wp-content/uploads/2009/12/bernanke.jpg" alt="bernanke" title="bernanke" width="298" height="398" class="alignright size-full wp-image-17168" /></a></p>
<p><strong><br />
Time Magazine has named Fed Chairman Ben Bernanke its Person of the Year 2009</strong>, just days before the Senate Banking Committee votes on his renomination. The timing, while probably not deliberate, is interesting. According to one Research 2000 poll, 47% of Americans think Bernanke cares more about Wall Street than Main Street. <a href="http://politics.theatlantic.com/2009/12/poll_americans_say_bernanke_cares_more_about_wall_street.php">The Atlantic has details</a>:<br />
<em><br />
One of the main complaints is that Bernanke has been too friendly to banks under the government&#8217;s bailout regime. According to a new poll, Americans agree. 47 percent of respondents said Bernanke cares more about Wall Street; 20 percent said he cares more about &#8220;Main Street&#8221;; 33 percent weren&#8217;t sure. The poll was commissioned by the Progressive Campaign Change Committee.</p>
<p>The question simplifies a central concept of the bank bailouts: that too-big-to-fail institutions on Wall Street are so integral to the functioning of the entire economy that they must be rescued, despite irresponsible behavior, in order to save the rest of us. In other words, the government was forced to tend to to Wall Street in order to save Main Street.</p>
<p>It is, however, an important question in politics. The administration can&#8217;t be seen as too friendly to Wall Street as it carries out the overarching economic rescue&#8211;otherwise it will face a backlash of venomous public opposition to financial institutions and a mistrust of the government as it deals with them.</em></p>
<p>For perception&#8217;s sake, Bernanke was named Person of the Year at an ideal time. In its cover story, Time refers to Bernanke as a &#8220;mild-mannered economic overlord.&#8221; <a href="http://www.time.com/time/specials/packages/article/0,28804,1946375_1948023_1948057,00.html">Here&#8217;s why</a> they claim to have chosen him:<br />
<em><br />
Bernanke didn&#8217;t just learn from history; he wrote it himself and was damned if he was going to repeat it. Bernanke decided to do the opposite of what the Fed did back in the &#8217;30s: he would loosen the money supply as far as it would go, he would save as many banks as he could, and he wasnt going to hector the American public about pulling up their socks.</p>
<p>As Bernanke said when we interviewed him this month, he did not see the crisis coming, and he probably did not react as fast as he should have reacted. His defense against the criticism that he rescued bloated banks and their overpaid execs is that the system itself is the problem: no bank should be too big to fail, but when it is, the alternative to saving it is destroying the livelihood of millions. There is an enormous difference between the financial system and the economy, but if the financial system fails, it takes the economy down with it.<br />
</em></p>
<p>In reality, Time also picked Bernanke as a way to stir up controversy&#8211;and sales. <a href="http://www.marketwatch.com/story/time-picks-a-winner-with-bernanke-2009-12-16?reflink=MW_news_stmp">MarketWatch has more</a>:<br />
<em><br />
The magazine&#8217;s managing editor, Richard Stengel, has delighted in previous years to stir the pot, even if it makes people angry. He is doing his job.</p>
<p>Time, like many other prestigious publishing war horses, has had trouble proving it remains relevant here in the digital age. The best way to remind people that you&#8217;re still around is to do something that makes them think.</p>
<p>It does matter, though. The fact that the media have reacted this morning shows that Time still has some vitality left.<br />
</em></p>
<p>It also can&#8217;t hurt that Time&#8217;s parent company, Time Warner, <a href="http://undertheinfluence.nationaljournal.com/2009/03/time-warner-staff-head-to-team.php">has close ties with the Obama administration</a>. Former Time Warner CEO <a href="http://en.wikipedia.org/wiki/Richard_Parsons_(businessman)">Richard Parsons</a>, now Chairman of Citigroup, served on Obama&#8217;s economic advisory team. </p>
<p>So what does Time&#8217;s Person of the Year pick mean? Time gets publicity. Bernanke wins a better public perception. Readers, meanwhile, are quietly primed to like Bernanke, approve of the Fed, and avoid questioning Time&#8217;s choice.   </p>
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