Don't Be Dragged DownWritten by Arthur Cooper
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So watch out. Hitch your wagon to a rising star. Look for dynamic leaders and try to join their teams. Go where you will be given responsibility and chance to shine. Ask to be part of progressive and active work groups. Distance yourself from lethargic and lazy and time-serving as fast as you can. And if you are boss - if you are in charge of an under performing team - it is doubly important to act. You have not only your future at stake but that of your staff. It is your responsibility to reform your team and its members. You may need to cajole, enthuse, and generally push them. You may need to provide training. You may need to make clear your aims and goals. And at end of day you may need to get rid of someone. You may need to move them to a better suited job, or even out of company altogether. You cannot afford to be dragged down by under performers in your team. You will be judged on your team’s performance. You won’t be given credit for carrying passengers. Your best staff will feel unfairly associated with worst and will seek to go elsewhere, and eventually you will be left with just worst. You will be left with just bad staff, bad projects, unimportant work. You will have run into buffers. So remember, you will be judged to some degree by performance of others. Make sure that those others are on up, and are not going down dragging you with them.
Arthur Cooper is a writer and publisher. For more of his articles go to: http://www.arthurcooper.com/ For articles ebooks and courses go to: http://www.barrel-publishing.com/
| | Getting Together: The Importance of Business RelationshipsWritten by Tania Lye
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We've all heard ill-fated alliance horror stories. We wonder, where did they go wrong? In 1992, Apple and IBM joined forces to create Taligent, an object-oriented operating system reminiscent of Windows. The project was a huge disappointment for conglomerates, with combined losses said to exceed $150 million. So why did their venture fail? Within a synergy, business partners- whether they're competitors or not- need to establish a mutual trust and respect from start. When a relationship is built on a shaky foundation, house is bound to collapse. On surface, both companies maintained a happy facade, but at time, both had slapped a number of lawsuits against other for patent and technology infringement. An alliance needs to be well negotiated and structured; both partners must have a clear understanding of what other can contribute and what they can expect from venture in future. Solid planning is your insurance against an IBM/Apple sized failure. Since blunder, both IBM and Apple have restructured their strategic methods, and both have engaged in successful alliances. Today, 30% of IBM's $86 billion revenue comes from its numerous alliances with other companies. They learned to delineate priorities, agendas, goals and motives well before alliance was implemented. Make sure no unexpected surprises lay ahead. If you take necessary steps beforehand, chances are only surprises you'll get will be good. A strategic alliance is, after all, a tool for building mutual value and it will only fail to deliver if you do. Relationships forged within a company's network are just as important as ones made outside. The importance of a synchronized team can create kind of efficiency business owners dream of. Networking, sharing ideas and expertise can really iron out creases in terms of synergy, productivity and intelligence. Mount Real's Senior Financial Advisor program recruits business people from diverse areas of expertise including accounting, investing, e-commerce, banking and marketing. These business professionals advise Mount Real's clients, recruit new clients, broker deals and other transactions between clients and supply special expertise when needed. This system is ultimate in business networking. The sturdy alliances cultivated by SFA provide a pool of resources for Mount Real and its advisors to use to their gain. This multifaceted system of professionals is given an automatic set of invaluable contacts, as well as an important point on which to continue building their careers. Joseph Pettinnichio, a manager of program said: "This program allows us, as professionals, to create a stimulating environment where we can apply our diverse talents to enhance quality of service at Mount Real. Our network allows us to exchange information, improve our own knowledge and that of our clients'." Any relationship in life, whether it's your brother, mother, friend or business partner, needs to be built through trust, openness, integrity and respect towards others. Business alliances need to be painstakingly structured, and meticulously planned. The path you build together should have a clear destination otherwise, you'll both end up astray. Warren Buffett once said "In business world, rearview mirror is always clearer than windshield." The road ahead is always unclear, but if you trust person you're driving with, sit back and enjoy ride.
For more information, go to www.mountreal.com.
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