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“I think we have to lead people by being good listeners. That is to say, we lead in a company such as ours by drawing out ideas from people… we can’t simply issue commands.” – Minoru Makirhara, Mitsubishi corporation. It used to be the case that a manager would simply bark orders at their staff…
An “entrepreneurial mind” is something that we often hear about as being a requirement for business success. But is it something that can be acquired through formalised learning processes or is it just a personality trait that you are born with? Education on the topic of entrepreneurship is only something that started in the US…
“Business leaders must not cling to old ways of doing business, or allow inertia or complacency to prevent them from making the decisions that they will eventually be forced to make.” – Patricia Hewitt, British government minister Complacency is one of the biggest causes of problems for businesses as they grow. Unlike in the early…
Small business owners only have a limited amount of time to do everything in their business. That’s why marketing automation has greatly increased in popularity as newer technology makes it possible. Marketing automation is something that has come to prominence as CRM systems have become more affordable. Now every business is able to afford their…
Collaboration is one of the best ways for a business to grow and develop, especially when it involves various young entrepreneurs teaming up to tackle problems as a collective force. The trouble is that it can be difficult to make the right connections with other like-minded entrepreneurs. You often need to meet an awful lot…
“I don’t know the statistics, but I’m willing to guess that the executives of corporate America spend 70 to 80 percent of their time in meetings. I do know that most of those meetings… are 70 to 80 percent posturing and leveling… The posturing is gratuitous, and the leveling is better done elsewhere. This alone…
“You read a book from beginning to end. You run a business the opposite way. You start with the end, and then you do everything you must to reach it.” – Harold S. Geneen, US telecommunications entrepreneur. It might seem a bit counter-intuitive to have to work backwards to be able to achieve your goals,…
Contracts are an important part of life for many business owners. Whether you’re forming employment contracts when you hire somebody new or making a big deal with your supplier, it is likely that at some point you will have to deal with making them. Even if you don’t make many, you’ll probably have to sign…
“If someone monopolizes the market for personal finance software, are you going to go after that company and dismantle it? I would contend no. Because these temporary monopolies are a prize for innovation. They’re the incentive for innovation.” – W. Brian Arthur, US economist. Business owners that enter a market which is already dominated by…
