Saturday, May 5, 2007

The Winning Management Philosophies

I feel down tonight, as I got poor result for my study... I need some motivation words to pull me throught this downtime and regain my spirit for continuous to struggle. By reading some of these quotes, probably can chase my blue away.

“MANAGEMENT means, in the last analysis, the substitution of thought for brawn and muscle, of knowledge for folkways and superstition, and of cooperation for force. It means the substitution of responsibility for obedience to rank, and of authority of performance for the authority of rank”

-Peter F. DruckerAdapted from The Edge 30 Apr 2007

“Success depends on making connection with people, and then working to keep them alive”
“It’s about making connections and building a community. It doesn’t happen overnight. And a lot of organizations don’t value connectivity as much as they should, so they may not create opportunities to build an emotional network.”

“You really have to bring people together on a variety of levels and allow for genuine dialogue and interaction to make the whole team effective”

-Dana Ardi, human capital partner of JP MorganAdapted from The Edge 30 Apr 2007: @the office - by Charles Moore

“Leadership must secure a clear mandate from their own management”

“Leadership is a privilege bestowed on you, and it can be taken away very quickly”

“You can manage someone or a group of people, but you can’t get to a real level of performance through leadership if it’s not bestowed on you by the people who believe in you.”

The critical link here is TRUST and you’re not always credible, then you will eventually lose the ability to lead”

“To win this trust, leaders must secure a clear mandate from their own management. A cornerstone of effective leadership is discussing performance with team members and reviewing projects on a regular basis, ensuring that people deliver on their commitment: even the best plan are for naught if execution is lacking”

-Kenneth Lewis, CEO of Bank of AmericaAdapted from The Edge 30 Apr 2007: @the office - by Charles Moore

“Establish a mandate is winning over the informal opinion leaders in your team”

“Staff who have been in a team for a long while will have endless opinions about their roles and the company. To a greater or lesser degree, they will have an impact on the morale and viewpoint of other team members”

-Pat Mitchell, the former President of America’s Public Broadcasting ServiceAdapted from The Edge 30 Apr 2007: @the office - by Charles Moore

“The Finance Market is a dangerous and rewarding place, which demands mastery of techniques and trading discipline if success is to be achieved”

“Strategies apply when you are under attack, or when you wish to defend yourself by taking offensive action.”

“In the market, we are always under attack and we always try to take the offensive to wrest profits from a market that is skilled in withholding them.”

-Daryl Guppy, the 36th Strategies of the Chinese for financial trader Adapted from The Edge 30 Apr 2007

“The best learning at the end of the day is looking around you, seeing your own experience, looking at that experience very fairly and not hiding from it.”

“No, I’m not one for reading any management books at all. I’ve been with the bank for 40 years. That has been enough of a ‘guru’.”

“I’ll put it this way: The kind of people I’ve worked with and the kind of people who’ve been bosses – I’ve always looked to see what were the things that I valued and what were the things I thought that did well. And I tried to do that more. There have been things that I’ve not liked, and you make sure that you don’t go around that far.”

“Indians as a rule are very lateral thinking…. Because of lateral thinking they’ve been able to adapt very quickly to different circumstances”

“Lateral Thinking – is what gets you further quicker because you’re willing to adapt. You just adapt to circumstances Very Fast.”

“When you’ve been in an organization as long as I have, the culture and you are the same… You are the culture. You meant to embody the culture and the values of your organization, and that comes from many years of working in an organization”

“Hopefully, those values get imbued in you.”

“In our 76 countries and territories, whichever organization that we’ve bought, we’ve always done one thing – told them, this is the culture of HSBC. You either like it or you don’t. If you don’t like it, we’re not going to change our culture to suit your work culture. This is a culture we’ve built over 150 years that has grown and sustained us.” Cama, who has been HSBC for 4 decades.

“You’re doing things with the Best Will in the world, you can still make a mistake. That’s O.K, but it shouldn’t be done without knowledge. Knowledge comes from your practical work, from the people you work with, your own experience, observing other people, seeing what they do well and seeing if you can adapt to that.”

“Management gurus actually only distil all that and put It in a book. I prefer to read other books and I prefer to watch other people and see how they’ve done things.”

As a leader you’ve got to be brave. You’ve got to take decision, accept responsibility and if it goes wrong, accept that and change it.”

“You’ve got to have ability as a leader to say you were Wrong. Leaders who don’t like to say they are wrong when things are going wrong create even more problems.”

“We’re all human beings. And in our group, we don’t believe in punishing people for that.”

“I don’t believe in punishing people for that. If you made a mistake, fine, it’s finished now. We’ll help you with damage control.”

-Datuk Zarir Cama, deputy chairman and CEO of HSBC MalaysiaAdapted from The Edge 30 Apr 2007

“No one will pass on the Experience to you just like that, or supply you with a blueprint of procedures – you have to struggle on your own, and learn from your experience and errors.”

“Our philosophy is that ONE must try one’s best; if one fails, one can learn from one’s mistakes and do better the next time.”

“If you inadvertently make a wrong decision, you can still find a way to avoid failure through good management; but having the wrong management approach inevitably leads to failure.”

-Dato’ Sharif Shamsuddin – Amalgamation of Expericence - Entrepreneurship, Adapted from Management Apr-Jun 2007

“Never be afraid of failure, you aren’t ever going to start. And I think that’s what is wrong with too many people ; they are too scared to try something out because they are afraid of failure.”

“Fernandes explained, he never thought he would fail, neither he was an arrogant person nor someone over confident, because it’s big whole obstacle challenge out there, but rather for enthusiasm of his staff, and the determination to succeed and the support from the public, he just went for it.”

“Never be afraid of failure, you aren’t ever going to start. And I think that’s what is wrong with too many people ; they are too scared to try something out because they are afraid of failure.”

“Being visionary leader, Fernandes say, Never-say-die attitude. It has enbled the common man to fulfill his dreams of flying, making the world notice them (Air Asia).”

-Dato’ Tony Fernandes– Air Asia budget airlines- Entrepreneurship, Adapted from undated article 2007