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Casual Articles - In Management, Your Ego Is The Performance Killer
What is drop shipping? It really just boils down to a wholesaler who is willing to ship their own products for the retailer.As you can probably imagine, this can be a huge advantage for your average ebay seller. Not everyone would believe that it's easy to start a business like this. The truth is, with a little elbow grease, you can be up in running for just a couple of dollars in no time.Some people would say that anyone can be successful with a drop shipping business. I'd have to disagree. If a person can't take the time to do product and market research, and put a little effort into it, more than likely they won't make any money. It requires work, just like any other business, but success is definitely possible, and I don't know of any other business model that has almost no start up cost and no
During my career, I have watched clients make acquisitions (against my recommendations) for no other reason than ego. In almost every case, these cost their organization dearly in focus and reputation, not to mention profits. And, ultimately they were shut down or sold off again to s
Job Searchers, have you ever been so close to getting a new position that you stop doing most of the things that brought you to that point? It is easy to get so excited over one potential opportunity that you forget how important it is to keep your pipeline full of leads.A job search takes time, potentially three to six months, or longer in our current economy, depending upon your particular skill and salary level. People often get discouraged at the amount of time it is taking and may slow down or even stop the process. In addition, employers often state an ideal time frame to fill the position. However, that goal may not be realistic, and the employer may take much longer than anticipated filling the position.Waiting on a specific job could put you at risk. Perhaps you have interviewed once or e
Everyone has an ego. It is a natural part of everyone’s psyche and vital for success. The problem occurs when a manager’s ego is given too much control of their behavior, attitudes, and management style.
The ego wants to look good, be right, not make mistakes, not admit failure, manipulate, and control or appear in control at all times. It would be nice if organizations and their strategies, objectives, goals, purpose, mission, and performance were always predictable and operating at peak efficiency and optimum results.
However, in the real world, change is the mantra and norm. Uncertainty prevails. And there are forces at work that would sabotage your ideal world. They include: the government, the weather, unpredictable employees, technology, competitors, customer attitudes and expectations, just to mention a few. If all of these could be harnessed for optimum control, we would never have business failures, lost customers, unhappy and poor-performing employees, disgruntled suppliers, and frustrated accountants.
Ego has cost Corporate America more money than any other single factor. It has resulted in poor decisions, thwarted initiatives, products that have out-lived their life cycle, and acquisitions gone bad. Want more?
· New products that should never have hit the street
· Bad products that were left on the street too long
· Poor hiring decisions
· The decision to terminate a good employee for no other reason than they have an ego, too
· The unwillingness to let go of control of anything
· Keeping decision-making at the top of the corporate ladder
· Unwillingness to delegate difficult or critical tasks
· The desire to look good to the rest of the corporate world, regardless of whether you are making money or not
I believe by now I should have your attention. So why is ego such a big problem in business? After all, Donald Trump has one, and he is successful.
If you were to ask an out-of-control-ego executive or manager if their ego is out of control, guess what you will hear. Believe it or not: No. Why is this? Denial? Arrogance? Insecurity? Or some other psychological or emotional need that has not been or is not being met?
During my career, I have watched clients make acquisitions (against my recommendations) for no other reason than ego. In almost every case, these cost their organization dearly in focus and reputation, not to mention profits. And, ultimately they were shut down or sold off again to so
A career is an occupation or course through life that we choose to follow. Choosing a career is a very serious thing. Many careers require dedication and maybe years of training, and so if you want to change careers halfway through it can cause a lot of trouble and wasted time.Especially for young people who are deciding what to do with their college qualifications, it is important for a person embarking on a new career to choose the right one. It is very difficult for many people to make this decision. Will you be happy doing that job and the path that it leads to for a large portion of you life? Do you feel that you are suited to the work and capable of doing it well?Career guidance is usually offered by government-sponsored groups that work closely with colleges and universities to ensure that yo
However, in the real world, change is the mantra and norm. Uncertainty prevails. And there are forces at work that would sabotage your ideal world. They include: the government, the weather, unpredictable employees, technology, competitors, customer attitudes and expectations, just to mention a few. If all of these could be harnessed for optimum control, we would never have business failures, lost customers, unhappy and poor-performing employees, disgruntled suppliers, and frustrated accountants.
Ego has cost Corporate America more money than any other single factor. It has resulted in poor decisions, thwarted initiatives, products that have out-lived their life cycle, and acquisitions gone bad. Want more?
· New products that should never have hit the street
· Bad products that were left on the street too long
· Poor hiring decisions
· The decision to terminate a good employee for no other reason than they have an ego, too
· The unwillingness to let go of control of anything
· Keeping decision-making at the top of the corporate ladder
· Unwillingness to delegate difficult or critical tasks
· The desire to look good to the rest of the corporate world, regardless of whether you are making money or not
I believe by now I should have your attention. So why is ego such a big problem in business? After all, Donald Trump has one, and he is successful.
If you were to ask an out-of-control-ego executive or manager if their ego is out of control, guess what you will hear. Believe it or not: No. Why is this? Denial? Arrogance? Insecurity? Or some other psychological or emotional need that has not been or is not being met?
During my career, I have watched clients make acquisitions (against my recommendations) for no other reason than ego. In almost every case, these cost their organization dearly in focus and reputation, not to mention profits. And, ultimately they were shut down or sold off again to s
Freelancing is a common way for people to earn a living these days. The advent of Internet has shrunk the world into a global village, and geography is often irrelevant to a position. Freelancers are doing a great job in every other industry and the employers have realized the true potential of freelancing. There are several advantages for companies in opting for freelancers rather than having their own staff. As the freelancers work from their own home based offices, the companies are able to save money on office space and equipment.When dealing with freelancers, there are no conflicts, local politics, gossip, and distractions that affect the quality and productivity. As the freelancers work on flexible schedules, they work round the clock whenever they desire and finish the work as quickly as possible. T
Ego has cost Corporate America more money than any other single factor. It has resulted in poor decisions, thwarted initiatives, products that have out-lived their life cycle, and acquisitions gone bad. Want more?
· New products that should never have hit the street
· Bad products that were left on the street too long
· Poor hiring decisions
· The decision to terminate a good employee for no other reason than they have an ego, too
· The unwillingness to let go of control of anything
· Keeping decision-making at the top of the corporate ladder
· Unwillingness to delegate difficult or critical tasks
· The desire to look good to the rest of the corporate world, regardless of whether you are making money or not
I believe by now I should have your attention. So why is ego such a big problem in business? After all, Donald Trump has one, and he is successful.
If you were to ask an out-of-control-ego executive or manager if their ego is out of control, guess what you will hear. Believe it or not: No. Why is this? Denial? Arrogance? Insecurity? Or some other psychological or emotional need that has not been or is not being met?
During my career, I have watched clients make acquisitions (against my recommendations) for no other reason than ego. In almost every case, these cost their organization dearly in focus and reputation, not to mention profits. And, ultimately they were shut down or sold off again to s
The measurement of sales performance is an essential part of any business. The success of a company depends on its revenue, which depends on sales. To stay in business, you have to make enough sales that you generate more income than expenses. Sales performance entails more than just how much you sell; it also entails how little you spend on generating sales. For example, if you spend twice as much money marketing a product as you gain from selling it, then you need to improve your sales performance. Since there are so many factors involved in sales performance, the measurement of it also entails more than just measuring how much you sell.A great tool you can use for the measurement of sales performance is sales metrics. These metrics will also help in the creation of goals and incentives. With sales metri
· The unwillingness to let go of control of anything
· Keeping decision-making at the top of the corporate ladder
· Unwillingness to delegate difficult or critical tasks
· The desire to look good to the rest of the corporate world, regardless of whether you are making money or not
I believe by now I should have your attention. So why is ego such a big problem in business? After all, Donald Trump has one, and he is successful.
If you were to ask an out-of-control-ego executive or manager if their ego is out of control, guess what you will hear. Believe it or not: No. Why is this? Denial? Arrogance? Insecurity? Or some other psychological or emotional need that has not been or is not being met?
During my career, I have watched clients make acquisitions (against my recommendations) for no other reason than ego. In almost every case, these cost their organization dearly in focus and reputation, not to mention profits. And, ultimately they were shut down or sold off again to s
What do TiVo®, XM Radio®, and the Do-Not-Call List have in common? They represent the collective voice of the prospective saying, “leave me alone; do not annoy me with commercials and other direct solicitations for products and services.”According to research we conducted in our white paper entitled, Effectively Using Cross-Selling and Up-Selling to Increase Revenue AND Customer Service :• Over 70% of Personal Video Recorder (PVR) users skip through television commercials (and Yankee Group estimates that fully half of US households will have this technology in four years! (1))• Satellite radio has eight million customers and expected to double to over 19 million subscribers by 2007. (2)• Over 100 million people have signed up for the Do-Not-Call list, with severe penalties to companie
During my career, I have watched clients make acquisitions (against my recommendations) for no other reason than ego. In almost every case, these cost their organization dearly in focus and reputation, not to mention profits. And, ultimately they were shut down or sold off again to some other executive with a big ego, maybe this time to someone who prides him- or herself as a business savior or turn-around master!
Before I lose you, I don’t want you to get the impression that ego is only an issue in the big decisions or choices made at the top. Its impact can be found day-to-day in many of the small and often less significant parts of an enterprise, in the actions and decisions made by mid-level managers and supervisors. I see the results of this every day and everywhere I go in my travels as a speaker and trainer.
As a manager, how do you know if your ego is out of control?
Just pay close attention to a number of critical factors. I guarantee that if you are aware of your circumstances, honest with your self-appraisal, and in touch with reality, it will become crystal clear whether your ego is in control or is running rampant in your organization or department. Some of these factors are:
· consistently poor morale
· constant communication breakdowns
· bad hiring decisions
· consistently poor decisions
· acquisitions or mergers that go sour
· high employee turnover
· consistently poor quality
· outdated policies, products, services, and/or procedures
· loss of market share
· vulnerability to competitors
· poor sales results
· decreasing profits from year to year
· the negative consequences of your decisions
Carefully observe early warning signs for these factors and determine their cause and any relationship between them and your ego, and then respond to them and manage them ego-free and effectively before they become embedded in your corporate culture, employee attitudes, and customer attitudes. You could ask yourself:
1. Can I ever be wrong?
2. Can an employee be smarter than I am?
3. Do I trust my employees?
4. Can I reverse myself after a bad decision or do I die by it?
5. Can I give up control?
6. Do I have pet projects or activities that I can’t let go of?
7. Can I freely give credit where someone else was responsible for the positive outcome
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