Columnist Nan Russell shares the career insights he has learned in the corporate world for over 20 years, including the vice president of QVC
It's tough. :
Article body:
Even now, a few months after it happened, I am surprised to think about it. Take care not to call No discussion. I checked Tokyo Tower and Yasukuni Shrine from my mail, and I took a message from the lounge of the airport, regularly updated. Instead, you will be able to view the message of the disconnection relationship.
This person who is amazing is the best business situation to change. These things happen. That was the way she informed me of her decision that caused pain. It is not just because you can do what you want.
I found more about her in that moment than I had in the month we worked together. I learned that she took the easy way on the right way; lacked the courage of the relationship; and withdrew from the difficult encounter. Her intention was to tighten her current working relationships, but in the process she also cut off my respect. It is the value when it was telling if it wasn't. It is an impression that tells you to leave those imprints you touch.
Certainly it is easier to use email to provide bad news, quit relationships, or launch printing grenades. It is easy to give advice when you do not have to live with the results just like it; give an order that you do not need to follow; and point out defects and it is instead aggressive for short-term gains Not that he needs to know that he is responsive to the long-term, sustained consequences of trade.
All these things are easy. But you are not better off easier, and you won't be winning in results that work easier. Choose the correct method. However, it may pick up the phone and have an offensive conversation, end the relationship that is not working or find the courage to deal with the dispute in an honest way It faces problems and practices as needed It means talking about your life's actions to who you are.
I found in my twenty years in management, those who are winning at work don't take the easy way, even the right way is the production of difficulties or fear. How they work It is as important as what they do. And while we all slip off how we sometimes do our work from anger or frustration, people who are winning in working do better
Last but not least, Bad impressions can destroy trust, remove points and derail the carrier. There is a career of respect and construction that earns a good impression and earns trust. If there is no such decision, someday someone will be executed. That is a good impression. Do you want to win by working? Choose the right way to do what you need, not the easy way.
(c) 2005 Nan S. Russell.
The Importance of Correct Expectations
Does the business maximize profit or the market value of the business?
Well, it turns out that both are the same. What we mean by maximizing our profit is that we maximize the amount of profit the business will generate at a discounted rate in the future
And guess that is the value of our business.
The catch is that we do not know how much profit the business will generate in the future. So the value of our business depends on the prospect of such profits.
I ...
It's tough. :
Article body:
Does the business maximize profit or the market value of the business?
Well, it turns out that both are the same. What we mean by maximizing our profit is that we maximize the amount of profit the business will generate at a discounted rate in the future
And guess that is the value of our business.
The catch is that we do not know how much profit the business will generate in the future. So the value of our business depends on the prospect of such profits.
The interesting part of this is that our business value is a function of our profit forecast.
When we can persuade enough people to make a lot of money, then at that point our business is worthwhile and it is profitable.
That's why thousands of CEOs use the money of many companies to increase the perceived potential profit that a company makes.
That means important things. Expectations. If the shareholder thinks your business is bad, then a loss is taking place. Profits were made at that time when the shareholder thought your business was good.
You can see the profit through the increase in market value of companies in the stock market.
So why not polish the image of the company rather than get a real profit? Why not to print glossier income report, but to improve product quality?
It is because there is a limit. Future expectations are built on past performance. Do you believe that a business that grows last year and fails to make any profit will make any profit in the future?
If the market corrects a shortcoming, a reputation above expectations can lead to bad things in the future.
On the other hand, some conservatism will bring a reputation of being conservative.
It puts some restraints that make expectations go far from reality.
It's not surprising that improving the image will increase revenue. Such as attractive packaging can enhance the sale of sausages, and the more attractive pro-bookeeping is the increase in stock prices. Good companies do both.
Speaking of good expectations, that is probably why we are happy with honest compliments. It increases our self value without the risk of unprofitable.
We should all focus on our strengths rather than weaknesses. Our strengths, such as, increase profit and profit. At that time, our value is increasing. At that time, a profit is being made.
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