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thoughtLEADERS, LLC (Mike Figliuolo - 02 September 2010)
Many of us aspire to be a senior executive (and many of you already are). Sometimes you might wonder why you're not getting picked for the role.
You're a solid performer, your work is great, and you've exceeded every goal yet still you don't make it to the big leagues. Can't figure out why? You might be exhibiting silly little behaviors that are easy to fix but no one has ever pointed out. In short, you sometimes come across as a clown. Now, I know I've previously said it's okay to occasionally be a clown in the social networking arena but this post covers the flip side of that coin.
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MIT Sloan Management Review (Yoram (Jerry) Wind - 02 September 2010)
The discipline of marketing hasn't kept up with the rapid changes facing 21st-century businesses. New scholarship doesn't have enough management relevance, and practicing marketers are too often forsaking rigor. Here are seven strategies that can make marketing both relevant and rigorous in today's world.
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MIT Sloan Management Review (Unknown - 02 September 2010)
“I see nothing constructive about an annual pay and performance review. It’s a mainstream practice that has baffled me for years.” So wrote Samuel Culbert, a professor at UCLA’s Anderson School of Management, in a provocative essay called “Get Rid of the Performance Review!” that appeared in 2008 in Business Insight (now renamed Executive Adviser), a section ofThe Wall Street Journal that is produced in collaboration with MIT Sloan Management Review.
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Inc.com (Issie Lapowsky - 02 September 2010)
Employees are valuable. So are referrals. That was the thought behind Meebo's decision to offer a $5,000 reward to anyone who referred qualified potential employees to the company that launched in 2005. The only stipulation? People would only get paid if the candidates got hired.
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BNet.com (Unknown - 02 September 2010)
Dave Stewart is best known as a Grammy-winning musician and producer — he was Annie Lennox’s bandmate in the Eurythmics and has collaborated with the likes of Bob Dylan and Bono. But when companies like British Telecom and the ad agency Interbrand started inviting him to speak, a hidden talent came to light: Stewart is a polymath who can connect the dots between disparate subjects, generating brave new ideas. The business world was hungry for his way of thinking, and soon he took on roles as U.S. creative director of the global ad shop the Law Firm and “change agent” for Nokia. His company Weapons of Mass Entertainment, an “ideas factory” based in Los Angeles, works with partners including HBO and Virgin Comics on projects in film, television, publishing, theater, and interactive gaming.
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Forbes.com (Christopher Steiner - 02 September 2010)
Andrew Mason figured out how to inject hysteria into the process of bargain hunting on the Web. The result is an overnight success story called Groupon.
At least Mark Zuckerberg wrote a few lines of computer code at Harvard before he left to launch Facebook. Now Andrew Mason, a relaxed and lanky 29-year-old music major from Northwestern, has managed to build the fastest-growing company in Web history. Groupon represents what the dot-com boom was supposed to be all about: huge sales, easy profits and solid connection between bricks-and-mortar retailers and online consumers.
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The Wall Street Journal (Sharon Terlep And Joann S. Lublin - 02 September 2010)
Last fall, some General Motors Co. directors were surprised when they learned that the car maker had lost more than $1 billion betting on Korean currency earlier in 2009, just before the company slid into bankruptcy-court protection.
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MIT Sloan Management Review (Frank V. Cespedes,?Elliot B. Ross and?Benson P. Shapiro - 02 September 2010)
By now, we’re all aware of the slash-your-prices scenario many companies take as a given these days: Your customers demand more and have online access to product comparisons from multiple sellers; you face global competition from rivals that have labor-cost advantages; and the financial crisis has accelerated the commoditization of more and more markets. The solution? Cut your prices to gain volume and scale.
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Harvard Business Review (Anne S. Habiby and Deirdre M. Coyle, Jr. - 02 September 2010)
The story of entrepreneurship in the twentieth century was about individuals who got access to sophisticated capital in a few advanced markets and created massive economies of scale. That’s how AT&T, Home Depot, and Microsoft swiftly made their way onto the Fortune 500. But in the twenty-first century, a very different story is unfolding.
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BNet.com (Penelope Trunk - 02 September 2010)
MBA applications always go up during a bad economy. That is because business school generally attracts people who are lost, and more people who feel more lost when the bad job market is lousy.
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Inc.com (Issie Lapowsky - 25 August 2010)
Learn how to swim with the big fish and attract top MBA talent to your small business. Larry Weintraub knows all too well how tough it is for a small business to compete with the major players while recruiting at business schools.
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Telegraph.co.uk (James Hurley - 25 August 2010)
A little-known investment model that sees business angels fund entrepreneurs who haven't got a business – or even an idea – is winning the attention of MBA graduates looking for a fast-track to company ownership.
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SmallBizTrends.com (Shashi Bellamkonda - 25 August 2010)
The harsh fact of today’s economy is reflected in the Bureau of Labor Statistics report (July 10, 2010): There are 14.6 million unemployed in the US according to the June report, The Employment Situation. The share of families with an unemployed member rose from 7.8 percent in 2008 to 12.0 percent in 2009, the highest proportion since the data series began in 1994.
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Inc.com (Darren Dahl - 25 August 2010)
Big ideas often require the help of outside investors. Here are tips on what they look for and how to connect with them. Most entrepreneurs who dream big simply don’t have access to the kind of money it takes to realize their aspirations. Enter the professional investor community. But, in order to get investors to open up their checkbooks, you’ll need to convince them that your idea is worthy and also be willing to subject yourself to increased scrutiny and give up a percentage of your company.
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GradView.com (Unknown - 25 August 2010)
While there are many benefits of an MBA - including increased professional value and the potential to earn a higher salary - the popularity of this degree has increased over the past few years. As a result, many employers are now looking for applicants who can supplement this qualification with additional credentials.
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The Wall Street Journal (Colleen Debaise, Sarah E. Needleman and Emily Maltby - 25 August 2010)
You don't have to break the bank to start a business. For many would-be entrepreneurs, money is the insurmountable hurdle. They hunger to strike out on their own, but don't have a big pile of cash to invest in a start-up that might not churn a profit for years to come. And they're reluctant to stake what cash they do have while the economy is still shaky.
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The Wall Street Journal (Jonah Lehrer - 25 August 2010)
When CEO Mark Hurd resigned from Hewlett-Packard last week in light of ethics violations, many people expressed surprise. Mr. Hurd, after all, was known as an unusually effective and straight-laced executive.
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Patrick Driessen Blog (Jason Baptiste - 25 August 2010)
"I move forward the only direction. Can't be scared to fail in search of perfection!" - Jay-Z, On To The Next One
Some key things to focus on to become an entrepreneurial millionaire and/or a millionair entrepreneur within a short time frame -
Market opportunity: A million dollars is not a lot in the grand scheme of things, but it certainly is a lot if the market opportunity is not large enough. Even if you put Bill Gates and Steve Jobs as founders in a new venture with a total market size of 10 million, there is no way they could become too wealthy without completely changing the business (ie-failing).
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SmallBizTrends.com (Steve King - 25 August 2010)
More than half of all U.S. businesses are home-based. These firms are often dismissed as hobbies or part-time ventures with limited economic impact. But our research shows otherwise. We estimate that about 6.6 million home-based enterprises provide at least half of their owners’ household income and together employ more than one in 10 private-sector workers.
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Forbes.com (Gordon G. Chang - 25 August 2010)
At the beginning of the week PetroChina announced it was willing to assist BP with the spill in the Gulf of Mexico. "Our first reaction was how to help BP to quickly fix the problem," said Mao Zefeng, head of investor relations, to the Financial Times. Was China's giant oil and gas producer looking to buy the beleaguered British company as well? "We have no comment on market rumors," Mao said. "But if there was some opportunity to work more closely together, we would welcome that."
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Forbes.com (Terra Stanley - 16 August 2010)
Content - Investment banking is so 1999. Try reconstructing war-torn economies and finding solutions to abject poverty.
Does the world need more investment bankers?
In the aftermath of the biggest financial crisis since the Great Depression, more business schools are overhauling their curricula to appeal to a different kind of student--one who increasingly looks to do good while also doing well.
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Seth Godin Blog (Seth Godin - 16 August 2010)
The number one reason people give me for giving up on something great is, "someone else is already doing that." Or, parsed another way, "my idea is not brand new." Or even, "Oh no, now we'll have competition."
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The Huffington Post (Ilene H. Lang - 16 August 2010)
Last week, The New York Times' David Leonhardt claimed that women who didn't have children and never took time off had careers that "resembled" those of men. The next day, The Atlantic's Daniel Indiviglio argued "women without children are holding their own against men."
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BNet.com (Margaret Heffernan - 16 August 2010)
Industrial companies put a lot of effort into “asset integrity” — which really just means protecting critical plants and machinery from damage and wear and tear. At companies like BP, it’s clearly more of an aspiration than a reality, but anyone trained in a manufacturing environment learns that asset integrity is a top priority. But what about service industries — companies where the only assets are the brains of the people who work there? Shouldn’t they worry about asset integrity, too? Astonishingly, most of them don’t. Instead, financial services, consulting, the law and even the medical profession perpetuate working hours where all-nighters are heroic, driving with jet lag is the norm and anyone who actually has lunch risks becoming lunch.
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Inc.com (Unknown - 16 August 2010)
Whether you are just starting out or running a large company, it helps to have a mentor to whom you can turn with questions large and small. A mentor is a person with more experience in business, or simply in life, who can help an entrepreneur hone her or his abilities and advise him or her on navigating new challenges. A mentor can be a boon to an entrepreneur in a broad range of scenarios, whether they provide pointers on business strategy, bolster your networking efforts or act as confidantes when your work-life balance gets out of whack. But the first thing you need to know when seeking out a mentor is what you’re looking for from the arrangement.
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Inc.com (Carolyn Brown - 16 August 2010)
Even a good business idea might not be financially workable. Here's how you can determine if your product or service is a money-making enterprise. You know you have a brilliant idea for a business and you are convinced people will buy your product or service. Well, guess what. Even a good business idea might not be financially viable.
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USAToday.com (Charisse Jones and Martha T. Moore - 16 August 2010)
NEW YORK — JetBlue flight attendant Steven Slater was apparently mad as hell and wasn't going to take it anymore. After reportedly exchanging words with a passenger who had hit him on the head with a piece of luggage on a flight that arrived at JFK Airport here Monday, Slater took to the jet's public address system to curse the flier. He then bid the flight — and by his own acknowledgment, his job — adieu by sliding down the plane's emergency exit chute, but not before quickly grabbing a beer from the jet's galley.
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SFGate.com (Claire Bradley - 16 August 2010)
It's a tough job market out there: people are staying put in jobs they don't like, or are stuck in the unemployment line. If you're one of these highly skilled, educated employees that can't get a solid footing in their field, have you ever thought of consulting? The Department of Labor estimates a staggering 82% growth in consulting services across a variety of career fields by 2018. Here's where you can find the top consulting jobs.
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Forbes.com (Steven Berglas, Ph.D - 16 August 2010)
They aren't greedy. They just want to change the world. If you want to know what keeps serial entrepreneurs coming back for more, take a listen to the late Supreme Court Justice Oliver Wendell Holmes Jr. On his 90th birthday, Holmes said: "The riders in a race do not stop short when they reach the goal. There is a little finishing canter before coming to a standstill. There is time to hear the kind voice of friends and to say to one's self: 'The work is done.' But just as one says that, the answer comes: 'The race is over, but the work is never done while the power to work remains.' The canter that brings you to a standstill need not be only coming to rest. It cannot be, while you still live. For to live is to function."
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Harvard Business Review (Jeffrey Pfeffer - 16 August 2010)
Although women now attend college at a higher rate than men, and have for the most part closed the gap in achieving advanced and professional degrees, women are not occupying the real power positions in corporations, academia, or the professions in anywhere near the same proportions as men. Catalyst, among many other organizations, bemoans this reality. The fact of the underrepresentation of women at the top begs the question of why. One part of the answer is women's reluctance to embrace power.
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BNet.com (Adriana Gardella - 09 August 2010)
You don’t need interview advice, right? After all, you’ve got stellar credentials and years — maybe even decades — of work experience. To be completely honest, you’re actually overqualified for the job. In fact, you shouldn’t even have to interview.
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Harvard Business Review (Robert I. Sutton - 09 August 2010)
What makes a boss great? It's a question I've been researching for a while now. In June 2009, I offered some analysis in HBR on the subject, and more recently I've been hard at work on a book called Good Boss, Bad Boss (forthcoming in September from Business Plus).
In both cases, my approach has been to be as evidence-based as possible. That is, I avoid giving any advice that isn't rooted in real proof of efficacy; I want to pass along the techniques and behaviors that are grounded in sound research. It seems to me that, by adopting the habits of good bosses and shunning the sins of bad bosses, anyone can do a better job overseeing the work of others.
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Harvard Business Review (Unknown - 09 August 2010)
Too often the strategy creation process produces options that aren't any more interesting or creative than the current strategy. If you find yourself agonizing over which of your carefully crafted strategic options is the right one, chances are you are taking the strategic planning process too seriously. Give up being right and sensible. Instead, tell a story about the future. Make it aspirational and envision your organization in a happy and successful place. Have everyone participating in the process tell their own story, and together you'll have created a list of options. Then start the real work of strategy creation: ask yourselves, for these stories to come true, what would have to happen?
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BNet.com (Donna Fenn - 09 August 2010)
Running a company is often lonely and isolating. And for entrepreneurs, isolation can be a huge impairment to growth. You spend so much time hunkering down and focusing on day to day management that you narrow your perspective and cut yourself off from potentially game-changing ideas. That’s why it’s so important to get out of your cave. Debra Ruh, the CEO of TecAccess in Rockville, MD, did exactly that last month in Shanghai, China. Dell, in partnership with Intel and Bloomberg LINK, invited her and 74 other women business owners worldwide to be part of the Dell Women’s Entrepreneur Network. The group attended the World Expo in Shanghai, and Ruh says the trip “changed my life.” By networking with other women business owners, she learned what she needed to do to take her company to the next level.
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Inc.com (Unknown - 09 August 2010)
Financing a business is always a challenge. Here we've compiled 10 techniques, from the tried-and-true to the experimental.
Finding financing in any economic climate can be challenging, whether you’re looking for start-up funds, capital to expand or money to hold on through the tough times. But given our current state of affairs, securing funds is as tough as ever. To help you find the money you need, we’ve compiled a guide on 10 financing techniques and what you should know when pursuing them.
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BNet.com (Richard Young - 09 August 2010)
It’s a challenge of modern life: email, Twitter feeds, instant messaging, text messages, and other snippets of information are coming at us so fast that it’s hard not to feel under digital attack. Sure, some of it’s important — and that’s precisely the problem. Turn it all off and you might as well quit the workforce. But read it all and your mind becomes so drained that it’s a challenge to get anything else done.
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Forbes.com (Matt Symonds - 09 August 2010)
It looks like last year's predictions of a meltdown in the job market for new MBA degree holders may have been as panic stricken and inaccurate as many of the other forecasts we heard in 2009. As Pamela Mittman, who heads up career services at NYU Stern business school, reports, "We've been cautiously optimistic throughout the past year, and we're now seeing that optimism justified in a renewed commitment by recruiters in pipelining talent in the wake of the financial crisis. We've seen job postings for immediate hires up 40% on 2009 and vacancies in some sectors such as venture capital, private equity and consumer products up by as much as 70%."
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Wall Street Journal (Diana Middleton - 09 August 2010)
When Scott Snyder decided to get an M.B.A., he didn't consider U.S. business schools. The former project manager at a defense company in Santa Barbara, Calif., wanted a career change—and he wanted to build it abroad.
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DemocratandChronicle.com (Unknown - 09 August 2010)
Question: I'm interested in knowing more about green jobs. Can you give me some idea on where to begin? Answer: According to Jennifer Wagner, an MBA student in sustainable management at the Presidio Graduate School (www.presidioedu.org) in San Francisco, "The options are so many and so varied, they're hard to get your arms around.
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BNet.com (Jeffrey Pfeffer - 09 August 2010)
My Stanford colleague Bob Sutton has a new book coming out on how to be a good boss and what behaviors make a bad boss. Like the best of the leadership literature, it is both research-based and sensible. It also sheds some light on why it’s so hard to follow the best practices for good managers and move up the ladder at the same time.
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Harvard Business Review (Rosabeth Moss Kanter - 04 August 2010)
Wedding bells fill the Northern Hemisphere air for this season's happy couples. Among the newlyweds armed with pre-nuptial agreements are numerous companies starting strategic alliances, joint ventures, and focused collaboratives.
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Harvard Business Review (Peter Bregman - 04 August 2010)
John McCaffrey* is a great guy. The CEO of a professional services firm, he's been successful by any measure. He's financially secure. He's happily married with several children. He's active in his religious community. He's smart, well read, reasonable, and likable. He's the kind of guy you'd enjoy talking with at a dinner party.
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Forbes.com (Helen Coster - 04 August 2010)
Michael Levinson and his partners sold their companies for a bundle. Now they want to help other entrepreneurs hit it big.
Need funding for a new Web-based company? Michael Levinson is all ears. In 2007 Levinson, now 50, with partners Steven Welch (33) and David Bookspan (52), launched DreamIt Ventures, a startup "accelerator" in Philadelphia that aims to help entrepreneurs get out of their garages. Those who make the cut receive up to $25,000 in cash; three months of office space; $75,000 worth of legal, accounting and p.r. help; weekly access to a roster of 20 seasoned entrepreneurs; and a crack at wooing professional investors. In exchange DreamIt takes a 6% equity stake in the venture. In some cases DreamIt plays matchmaker, too--pairing entrepreneurs with business strategists and software developers looking to sign on with a young firm.
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BNet.com (Unknown - 04 August 2010)
Pretty much anywhere you go on earth, golf is the lubricant of commerce. Here’s what you need to know to tee up and schmooze on an international scale.
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QuickSprout.com (Neil Patel - 04 August 2010)
For the past 9 years, I have spent the majority of my time as a SEO. Whether it is helping other companies or building out my own sites, at one point in time I ranked for some of the most lucrative keywords on Google.
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Forbes.com (Knowledge@Wharton - 04 August 2010)
If your hair stylist gave you $10 every time you sent one of your friends her way, you might be more tempted to tell all of your buddies what a fabulous stylist she was--or you might even try to make new friends to refer.
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BNet.com (Brian Libby - 04 August 2010)
There are no magic bullets when it comes to job interview questions, but the way you structure your queries is important: It's the interviewer's job to create a framework for the discussion and prevent it from running off the rails. Every company's needs are different, but a good basic strategy is to ground the interview in questions about past job performance. Then throw in some situational questions to evaluate practical decision making, and learn a little bit about how the job fits in with a candidate's biography.
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FastCompany.com (Kaihan Krippendorff - 04 August 2010)
Last week, I was working from the 24th floor of a hotel in Lima, Peru, overlooking an ocean dotted with surfers under skies filled with skydivers, working on a new training program on innovative and strategic thinking for a client, when an email message popped up. A good friend of mine interrupted my flow with an article. At first I thought I'd check out the article later. But since I was in the middle of writing a workbook section on the value of exploring, of taking unplanned "excursions," as the innovation firm Synectics calls them, I thought I should take a peek.
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ibt Blogs (Ilona Vanderwoude - 04 August 2010)
Often when I speak with a new client about personal branding or when I get a question from someone on this topic, there are two things that keep resurfacing. This is what I hear a lot - “How do I develop my personal brand without sounding self-important and pompous?”
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The Wall Street Journal (Chad Troutwine - 04 August 2010)
Conventional wisdom has long held that the right disposition is the key to entrepreneurial success. “Entrepreneurs are born,” the conformist explains, “not made.”
Consequently, many aspiring entrepreneurs have taken a jaundiced view of graduate business programs. They see pursuing an M.B.A. as a waste of time and money—resources that they could better apply to a business venture, rather than a university. Others are even more cynical, fearing that a formal business education would actually hamper creativity and suffocate momentum.
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Harvard Business Review (John Baldoni - 29 July 2010)
There isn't much good that has come out of the Great Recession to date except the humbling of some big egos on Wall Street. However, there might be one small benefit that I've noticed after doing some coaching with executives pondering next steps in their careers.
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Harvard Business Review (Amy Jen Su and Muriel Maignan Wilkins - 29 July 2010)
Clashing management styles do not always lead to management clashes. Recently, we've noticed a trend with clients asking for help in coaching and consulting around issues of differing styles — issues that we've had to sort out ourselves as we've grown our business.
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Inc.com (Nitasha Tiku - 29 July 2010)
The perks of being a techie. Business Insider compiled a list of the 25 best tech companies to work for that factors in employee satisfaction with perks, compensation, and work-life balance, among other things. Perhaps unsurprisingly Google comes out on top and Apple's Steve Jobs trounced Microsoft's Steve Ballmer in the CEO approval ratings (98 percent to 52 percent). The list is most useful to an entrepreneur as a window into how employees respond to great culture, but low pay--or pride in the company, but excessive hours. For broader picture of what your employees love about their jobs check out our feature on the top small companies to work for.
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Inc.com (Kasey Wehrum - 29 July 2010)
Who needs sleep when there are start-ups to launch? Between endless e-mail conversations and talkative co-workers, getting actual work done during the day isn't always an easy proposition. The New York Times has an interesting article about a group of entrepreneurs, freelancers, and software developers who have come up with a nocturnal solution to that problem. Calling themselves the New York Nightowls, this group of roughly 30 techies meets every Tuesday night from 10 p.m. until about 4 a.m. to to work on pet projects and side ventures that they normally don't have the time to focus on during the traditional workday. As one of the group's co-founders explains, "It's six hours of uninterrupted, productive time where you're surrounded by other creative people doing awesome things." The concept of late-night work sessions seems to a perfect fit for New York, it is the city that never sleeps after all, but similar groups have also formed in nearly a dozen cities including San Francisco and Boston.
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Harvard Business Review (Peter Bregman - 29 July 2010)
To be fair to me, I was pretty focused at the time, working in my office on an article. When my wife called my name, I really didn't want to be interrupted. We were going away for the weekend and what Eleanor wanted to know was, could I help with the packing? She shouted from the bedroom, raising her voice enough to be heard between the two rooms. I yelled that I was working on deadline.
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Time.com (Adam Cohen - 29 July 2010)
There are some very important things they don't tell you on career day. Chief among them is that there is a good chance that at some point during your working adult life you will have an abusive boss — the kind who uses his or her authority to torment subordinates. Bullying bosses scream, often with the goal of humiliating. They write up false evaluations to put good workers' jobs at risk. Some are serial bullies, targeting one worker and, when he or she is gone, moving on to their next victim.
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Harvard Business Review (Jeff Schmitt - 29 July 2010)
Editor's Note: The following case is based on real events observed by the author in his profession. Some of the details have been changed to protect the identities of those involved. It could happen to anyone.
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Inc.com (Leigh Buchanan - 29 July 2010)
Entrepreneurs often leave companies to do their own thing. They flock to Maya Design for the same reason. Maya is a $6.5 million technology design and research consultancy that grows, in CEO Mickey McManus's words, "by cell division." Over the years, the Pittsburgh-based company has spun off four businesses, and it has two more in the works.
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Harvard Business Review (H. James Wilson - 29 July 2010)
Season four of AMC's hit series Mad Men starts Sunday night. But I was reminded of an episode from season two after reviewing fresh research results. In the episode, fast-rising copywriter Peggy Olson confronts senior partner Roger Sterling in the hallway, reminding him that she "landed the Popsicle account on her own." Earlier scenes depict Olson imagining the ad campaign, testing it on colleagues, and successfully pitching it to Popsicle executives. As compensation, Olson asks Sterling for her own office.
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OneNewsPage.com (Keith Cowing - 29 July 2010)
There is a lot of debate about the value of an MBA, particularly for entrepreneurs and technology executives. So I looked at some top people in the industry and their educational backgrounds. Below are 17 entrepreneurs and technology executives who have run successful, disruptive businesses. The results are not meant to be conclusive or scientific, but are definitely interesting.
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SmartBlogs.com (Mary Ellen Slayter - 22 July 2010)
The Internet, e-mail, and ever-advancing PDA features have helped shrink the global business world down to efficient, backlit computer screens. However, fundamental human interactions, personal communications and healthy working relationships are suffering tremendously as a result. Here are five ways to deliberately reach out and revive old school voice-to-voice, handwriting-to-handwriting, and face-to-face interactions in today’s business world.
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Inc.com (Liz Welch - 22 July 2010)
When Leslie Blodgett became CEO of Bare Escentuals in 1994 -- the company was then a tiny maker of bath and body products -- she saw a huge opportunity selling healthy mineral-based makeup. But she didn't quite realize how many women she could reach until she made a pitch on late-night TV. The company's rapid growth led to a 2006 IPO, followed by the sale of the company this year for $1.7 billion to Shiseido, the Japanese beauty giant. Today, Bare Escentuals, based in San Francisco, has 130 boutiques in the U.S. and one in the U.K., and employs 2,200.
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Harvard Business Review (Scott Anthony - 22 July 2010)
With two older sisters and two younger brothers, I am a true middle child. Like many middle children, my natural tendency is to be a peace maker. I seek compromise and harmony between conflicting demands.
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PsyBlog (Unknown - 22 July 2010)
According to new research, around 9 out of 10 of us have experienced earworms lasting an hour or longer.
An earworm is a song going around in your head that you can't get rid of. Some claim that earworms are like a cognitive itch, we scratch them by repeating the tune over and over in our heads.
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Harvard Business Review (Navi Radjou, Jaideep Prabhu, Prasad Kaipa, Simone Ahuja - 22 July 2010)
There is a quiet revolution unfolding in your industry — led by some of your smartest competitors. If you are a manager, you may be completely unaware of it because you can't see it in the streets, nor watch it on the news. This new revolution is actually happening inside the heads of the leaders running your rival firms. We call it a mental model revolution. Let us explain....
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Harvard Business Review (Peter Bregman - 22 July 2010)
According to the World Database of Happiness (yes, there is one), Iceland is the happiest place on earth. That's right, Iceland. Yes, I know it's cold and dark six months out of the year there. I'm just giving you the data.
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Harvard Business Review (Norm Smallwood - 22 July 2010)
Every two years my firm, The RBL Group, partners with Hewitt to conduct a study on the Top Companies for Leaders. It highlights those companies that have gone beyond the basics of grooming strong leaders and have come up with new ways to test their employees in the global marketplace. Quality of leadership within a company helps meet the expectations of investors, customers, and employees, and sets the stage for growth, so developing the next generation of effective leaders is perhaps the most important undertaking of a forward-thinking company.
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Inc.com (Christine Lagorio - 22 July 2010)
The Web of regret. Memory in the age of omnipresent Internet is the subject of The New York Times Magazine's cover story this week, which highlights some fascinating (or disturbing, depending on which side of the equation you fall into) statistics. One: 75 percent of recruiters and HR professionals research candidates online - from blogs to Twitter to last night's photos on Facebook. And 70 percent say they've rejected candidates due to findings. The story cites a British gal fired from her office job for posting on Facebook: "I'm so totally bored!"? And remember the 25-year-old teacher denied a degree (and, ostensibly, a job) due to an MySpace photo of her posing as a "drunken pirate?" A federal district judge rejected the teacher's claim that the university had violated her First Amendment rights. The Times's take-away? "It's often said that we live in a permissive era, one with infinite second chances. But the truth is that for a great many people, the permanent memory bank of the Web increasingly means there are no second chances - no opportunities to escape a scarlet letter in your digital past."
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Harvard Business Review (Rosabeth Moss Kanter - 22 July 2010)
Some people become leaders no matter what their chosen path because their positive energy is so uplifting. Even in tough times, they always find a way. They seem to live life on their own terms even when having to comply with someone else's requirements. When they walk into a room, they make it come alive. When they send a message, it feels good to receive it. Their energy makes them magnets attracting other people.
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The Wall Street Journal (Sue Shellenbarger - 22 July 2010)
Since starting a residential- and commercial-painting business together in 2008, Karen and Don VanGordon have sometimes clashed when the strain of plunging income, long hours and cramped home-office quarters become too much to bear.
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Harvard Business Review (Peter Bregman - 22 July 2010)
"Peter, I'd like you to stay for a minute after class." Calvin teaches my favorite body conditioning class at the gym.
"What'd I do?" I asked him.
"It's what you didn't do." "What didn't I do?"
"Fail."
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Financial Mail 16 July 2010 (David Furlonger - 21 July 2010)
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Harvard Business Review (Unknown - 15 July 2010)
With Boomers putting off retirement and Gen Y entering the workforce in droves, it is not uncommon for a team to include multiple generations. This generational diversity can be extremely valuable, but also difficult to manage.
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Harvard Business Review (Cleve Stevens - 15 July 2010)
In 2000, Cox Communications' Arizona branch hadn't met a budget for three years, their P&L was in shambles and morale was in the cellar. Today, the branch models organizational effectiveness, and is the U.S.-based company's largest and most successful region. A $1.6 billion operation blanketing the state, it is envy of cable systems industry-wide. What caused this dramatic change in success? All it took was a reevaluation of leadership style, and the profits followed.
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Forbes.com (Knowledge@Wharton - 15 July 2010)
The public and private sectors are joining forces to avoid yet another financial meltdown. In an economic downturn, dealing with macroeconomic pressures is bad enough. But financial institutions add to their woes, experts say, by refusing to provide capital to worthy businesses because they fear other lenders will also cut back. In the end banks create a credit shortage that extends the crisis and delays recovery.
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BNet.com (Geoffrey James - 15 July 2010)
SCENARIO - You’ve just made a cold call to a brand-new lead. You have a brief conversation which seems to go smoothly. Then the prospect says: “I’m a little busy right now. Could you please send some information and if I’m interested, I’ll get back to you.”
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BNet.com (Bettina Hein - 15 July 2010)
I started my company just in time for the economy to head off a cliff. Despite the obvious downsides — trouble raising capital and a challenging consumer environment — starting a company in a recession actually has an upside: Failure comes really fast.
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SecondAct Blog (Mark Miller - 15 July 2010)
Meet the new boss: you. Many baby boomers intend to keep working past traditional retirement age. Surveys show that about 58 million boomers plan to stay in the workforce well into their 60s. Employers won't accommodate all of them, considering the state of the economy and attitudes toward older workers. And many will want to leave the corporate world anyway because of burnout or an impulse to run their own show.
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SecondAct Blog (Michelle V. Rafter - 15 July 2010)
To get the most out of your career, think of it as a game. When you're 45 or 50, you don't have as many moves left as you did when you were 25 or 30, so the moves you make have to be good ones. This week, I'm looking at mid-life career changes. On Monday, I examined how to identify the work that's right for you. But that's just the beginning. The next step is figuring out how to get where you want to be.
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Personal Branding Blog (Annabel Candy - 15 July 2010)
No matter what you think of Coca-Cola, you have to admit they excel at branding. It’s mind-blowing that a fizzy drink has 5.9 million fans on Facebook – and that’s just their main fan page too – there are many other related pages for specific countries or drink types. This popularity got me thinking about why this brand is still so successful today and has been for over a century. I wanted to work out what they’re doing right and most of all discover how we can learn from their branding genius to improve our own personal branding, no matter how small and humble we may seem compared to this soft drink giant.
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Harvard Business Review (Mary Davis Holt - 15 July 2010)
After helping hundreds of women executives achieve their goals, I know that the gender pay gap has two sides. The most confident woman won't climb very high if an organization is structured to stop her, but that's not always the issue. Even in companies that strive to pull women up, women still have to push — by asking for what they want. The most inclusive firm in the world won't lavish its most coveted rewards on someone who fails to stand up for herself.
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SecondAct.com (Mark Miller - 15 July 2010)
It's no secret that women have more trouble than men building for a secure retirement--mainly due to lower lifetime earnings and resulting contributions to Social Security and retirement accounts.
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EFMD Global focus Volume 04 (Jopie Coetzee - 15 July 2010)
The world's premier management qualification, the MBA, has become a victim of its own success - stuck below a glass ceiling. If the MBA is to reposition itself as the leading management qualification in a new world order, the glass ceiling needs to be broken to let in higher modes of thought.
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MBA.co.za (Unknown - 08 July 2010)
Will Coetsee, a recent University of Stellenbosch BusinessSchool (USB) MBA graduate and MBAconnect.net member, has been selected as one of four finalists for the Association of MBAs (AMBA) The Independent MBA Student of the Year Award 2010.
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Leader.co.za (Christine Leonardi - 07 July 2010)
For those who feel trapped by a long, emotional investment in a career they loathe and have never explored a career with equal helpings of passion and prosperity out of a fear of being judged, unsupported or ridiculed, the global economic crisis offers a once-in-a-lifetime opportunity to explore a radically different approach to the way they earn a living. But, if they don’t use it now, they may never have the willpower to do it again.
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VatorNews (Bambi Francisco Roizen - 07 July 2010)
This is the third interview of my "Does an entrepreneur need an MBA?" series. Jack Kloster is COO and co-founder of Yardbarker, the largest sports blog network on the Web. Prior to Yardbarker, Jack started his career doing corporate restructuring and bankruptcy turnaround work. Looking for a little more out of his career and life, he decided it was time take off from the real world and go to grad school. It was at Berkeley where he met Pete Vlastelica, who helped co-found Yardbarker with Jack in 2005. At the time, the goal was to create a user-generated content site for Fantasy Sports. The business morphed into a curator of sports blogs, and eventually an advertising network for blogs focused on sports. The 12-person company currently reaches 15 million monthly uniques across it network. Yardbarker is venture backed by DFJ and also includes high-profile investors such as NFL Hall of Famer Ronny Lott. Jack graduated from Haas School of Business, Berkeley in 2006.
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Forbes.com (Cuckoo Paul - 07 July 2010)
Sheikh Ahmed Al-Maktoum's Emirates airline is threatening to shake up the world order in the skies.
During World War II, the skies of Europe witnessed plenty of dogfights between the Allies and the Axis. The second week of June 2010 saw the start of another, although no planes will be shot down here. Emirates airline chairman and CEO, Sheikh Ahmed bin Saeed Al-Maktoum, challenged Lufthansa, Europe's largest airline, on its home ground.
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PsyBlog (Unknown - 07 July 2010)
Psychological research suggests bad habits can be controlled by vigilant monitoring.
Anyone who has ever found themselves trying to turn on the bathroom light seconds after phoning the power company to ask how long the power cut will last, knows how easily habits bypass our conscious thought processes.
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Influential Marketing Blog (Unknown - 07 July 2010)
Now that the Round of 16 is over and we are down to the final 8 teams that will be playing in the Quarterfinals of the World Cup - most of the marketing that has accompanied the games has been played out and it's a good time to try and look for some lessons from the International phenomenon that is the World Cup. To help, here is my round up of 10 of the most interesting marketing campaigns from this World Cup as well as some marketing lessons that they offer -
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BNet.com (Geoffrey James - 07 July 2010)
Want to close more business? Then start using customized product demonstrations to close your deals. Unfortunately, some sales pros view product demos as just another part of their sales process. Ideally, though, a product demonstration needn’t just help a sale along. It can, in fact, actually close the deal.
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VatorNews (Derek Gordon - 07 July 2010)
1) Natural Search Get the benefits of “page one” without actually being there! Many small companies don’t have the expertise or time in order to get and maintain a page-one ranking on Google for the most popular short keyword phrases. If being on page one isn’t feasible, then make sure you are only just one click away from every page-one listing.
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Personal Branding Blog (Kyle Lacy - 07 July 2010)
What makes a social media plan work, especially in the world of personal branding? Huffington Post recently visited this topic and gave insight into some of The Best Publishers On Twitter And Facebook. The publishers mentioned demonstrate successful social media plans. I wanted to look at the different ways to promote your personal brand through social media using some of the tips and ideas from book publishers. However, the more important part of the post, they give insight into what works on social media. We all know that marketing a personal brand is cousin to marketing a corporation. – Some of the same ideas still apply. Here’s some quick 10 Twitter and Facebook tips for anyone…not just publishers -
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Linked2Leadership.com (Eleanor Biddulph - 07 July 2010)
We often think of the leader as the person out in front, the visionary whom others are inspired by. Followers are close behind, focused on the goal, listening for direction, taking action, moving forward as the leader moves forward.
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Harvard Business Review (Tammy Erickson - 07 July 2010)
The most important advice on managing multi-generational teams in general, and certainly when making changes, is to surface and discuss openly any differences in expectations. As you lead people from different generations, be sensitive to differing expectations and preferences, as well as, of course, to your own biases. Recognize that the same situation can look very different to members of different generations as we look at it through our generational lens. An announced change could be interpreted as by some as an opportunity for new opportunities and to others as a threat to established networks and habits. Your role as the leader is to help the group recognize that it’s normal for different people to react in different ways. Help each person understand that you view their feelings are legitimate.
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Harvard Business Review (Tammy Erickson - 07 July 2010)
The most important advice on managing multi-generational teams in general, and certainly when making changes, is to surface and discuss openly any differences in expectations. As you lead people from different generations, be sensitive to differing expectations and preferences, as well as, of course, to your own biases. Recognize that the same situation can look very different to members of different generations as we look at it through our generational lens. An announced change could be interpreted as by some as an opportunity for new opportunities and to others as a threat to established networks and habits. Your role as the leader is to help the group recognize that it’s normal for different people to react in different ways. Help each person understand that you view their feelings are legitimate.
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BNet.com (Jessica Stillman - 28 June 2010)
If you’re anything like me, this experience will be familiar to you — you’re at a work function or networking event and you’ve just been introduced to someone who seems really interesting. You think you’re focusing and plan to strike up a conversation, but no sooner do you turn away to shake another hand than you completely blank on the person’s name. D’oh! This wasn’t a big deal when you were just socializing in college, but in business being terrible at names can be a real liability.
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AVC.com (Unknown - 28 June 2010)
The folks at Behance and Cool Hunting asked me to talk at their 99% Conference a couple months ago. The 99% conference is aimed at creative professionals and is focused on Edison's "99% perspiration."
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The Wall Street Journal (Beth Gardiner - 28 June 2010)
On top of the devastation it wreaked on markets, jobs and human lives, the global financial crisis has turned the field of economics, and particularly the study of finance, on its head. Nearly three years after the crisis began, business school academics are sifting through the wreckage of long-held theories and developing new ideas.
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The Wall Street Journal (Diana Middleton - 28 June 2010)
It was another tough year for the 330 or so graduates of the University of California at Los Angeles' Anderson School of Management, who graduated in early June. While business schools across the board struggled to place their students, Rob Weiler, interim director of Anderson's career services center, says his students have faced challenges that are unique to the school, largely because of their desire to work for small companies and proclivity for the West Coast. Mr. Weiler spoke with reporter Diana Middleton about some bright spots and how the school is developing relationships with companies that sometimes hire just one or two M.B.A.s per year.
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BusinessWeek.com (Alison Damast - 28 June 2010)
Those hoping for buoyant tidings on the state of the MBA job market will likely be disappointed by the latest findings from the MBA Career Services Council (CSC), which released its Spring job survey outlook yesterday. The survey reaffirms many of the findings of the Graduate Management Admission Council’s job and recruiter survey, which I wrote about back in early June. Overall, MBA recruiting still has not bounced back to where it was before the economic meltdown, though it is showing signs of improvement, according to the CSC survey, which collected data from dozens of business schools across the U.S. and Europe.
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BizJournals.com (Unknown - 28 June 2010)
Recruiting activity is increasing in almost as many MBA programs as it is declining, which is an improvement from last spring, according to a survey released Wednesday by the MBA Career Services Council, a trade group for business school career officials.
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USNews.com (Brian Burnsed - 28 June 2010)
Before M.B.A. student Ryan Utsumi received his diploma from the University of California—San Diego this month, he already had a job offer in hand. He was relaxed when he graduated, but the process of landing that job had tested his nerves. Utsumi spent the better part of 2010 searching for work at finance firms and startups. He had little luck, sending numerous applications and getting just a smattering of interviews. He'd heard the job search horror stories from 2009 M.B.A. graduates, Utsumi says, and, like many of his classmates, began to sweat when the calendar turned to March and he was still jobless.
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NewsBlaze.com (Unknown - 28 June 2010)
Maribeth Kuzmeski offers advice on how they could have better connected with the public throughout the spill-and explains the lessons you can learn from them. For the past two months, our eyes have been glued to news of the Gulf Coast oil spill. And with each barrel that gushes into the Gulf, our anxiety and frustration rises exponentially. Much of our ire is aimed squarely at BP. With each day that passes, the oil company is buried deeper in a disaster that will surely be difficult to overcome. And according to Maribeth Kuzmeski, what makes the situation worse is how BP has chosen to connect with the media and the public during these critical days-resorting to misleading information, poor communication, and neglect in order to dodge responsibility for the spill.
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The Wall Street Journal (Katherine Rosman - 28 June 2010)
"It's like an office marriage," says Rosanne Badowski, 53, of working since 1988 as the executive assistant to Jack Welch, the retired General Electric Co. chairman and CEO. Mr. Welch disagrees. "This is smoother," he says.
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BizCommunity.com (Daniel Munslow - 28 June 2010)
TORONTO, CANADA: Why does trust among leaders in an organisation matter? Who trusts who in the post-recession workplace? How can mistrust be repaired? What the communicator's role in building organisational trust? These were the tough questions tackled by Professor Veronica Hope Hailey of the Cass Business School, in City University London. Hope Hailey says the recovery from tough economic times is not going to be the solution to trust problems. Trust problems started long before the recession and will continue long after, although the recession did bring about more challenges in the increased levels of distrust.
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Harvard Business Publishing (Unknown - 23 June 2010)
A mentor is a great resource for career advice, feedback, and help building your skills and capabilities. However, it's not always possible to find one person who has the time or expertise to help you with all of the above. Try these two approaches to getting the mentoring you need:
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Stumbleupon.com (Dan Fletcher - 23 June 2010)
This beleaguered soccer fan has had enough. Though it's a uniquely South African symbol of soccer, here are five reasons why the vuvuzela needs to make an early exit from the World Cup.
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American Public Media (MBA-related - 23 June 2010)
Graduation season's here, and life after the diploma doesn't look as daunting as last year for new grads. Things may be looking up as some MBA students figure out how to land a job in a tough economy. Caitlan Carroll reports.
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The Wall Street Journal (Dennis Nishi - 23 June 2010)
It's tough being the new hire in a workplace that's been hit by layoffs and budget cutbacks in the past few years. Although a number of companies are starting to rebuild their staff, employees are likely to feel insecure about their jobs well into economic recovery, say experts. And new staffers might find existing employees wary of newcomers and resentful of the extra workload they've had to take on during the downturn. That can make it difficult for new employees to fit in and be productive. But if you've landed the job of your dreams at a demoralized workplace, you can find a way to fit in without being brought down yourself.
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BizCommunity.com (Daniel Munslow - 23 June 2010)
TORONTO, CANADA: Engagement and leadership are arguably two of the most important aspects of business development and organisational change in the 21st century. Bill Quirke, a leading authority on internal communications and corporate change in Europe and the US speaking at the IABC World Conference last week week, says leaders should be interested in staff, and staff should be interested in their leaders.
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The Wall Street Journal (Moshe A. Milevsky - 23 June 2010)
Sit back for a moment and ponder something unpleasant: How would a large, sustained drop in the stock market affect your personal finances? More specifically, imagine the Dow Jones Industrial Average hitting 6500—its March 2009 level—and staying there.
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Inc.com (Nitasha Tiku - 23 June 2010)
Do entrepreneurs need a college education? Flickr and Hunch co-founder Caterina Fake may have argued that the best way to become an entrepreneur is to drop out of college, but Read Write Web profiles one college entrepreneur who disagrees. Jay Rodrigues is a 21-year-old University of Pennsylvania junior who secured Series A funding for his college-calendaring system start-up, DormNoise. "Don't drop out of school, because for every Bill Gates and Mark Zuckerberg, there are hundreds of entrepreneurs who drop out and go nowhere," he advises. "At least if you stay in school, you'll have an education." But it isn't easy juggling his roles as CEO and college student--Rodrigues says he works about 16 hours a day. "Be 150 million percent sure this is what you want," he says. For more on successful college entrepreneurs, check out our 2010 list of America's Coolest College Start-ups.
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USAEducationGuides.com (Unknown - 23 June 2010)
The Graduate Management Admission Council (GMAC), the non-profit organization that administers the GMAT business school entrance exam, has found that the job market for new Master of Business Administration (MBA) graduates is improving.
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BizCommunity.com (Shaun Liedtke - 23 June 2010)
At a time when businesses are vying for bigger chunks of client budgets; maintaining relevance in the market and the ability to add value even in recessive times remains the biggest challenge.
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BusinessWeek.com (Frank Kern - 23 June 2010)
What do chief executive officers really want? The answer bears important consequences for management as well as companies' customers and shareholders. The qualities that a CEO values most in the company team set a standard that affects everything from product development and sales to the long-term success of an enterprise.
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Bloomberg.com (Francesca Di Meglio - 14 June 2010)
Being part of the solution is all the fashion on B-school campuses these days. For some MBA grads, it's more than a dream
Long known for their desire to make loads of money, MBAs until recently haven't had much of a track record in solving the world's problems. If anything, they've been the targets of intense criticism over the past two years for their role in the global financial crisis. MBAs who wanted to "do well by doing good" really didn't have many options. "Doing good" often meant joining a nonprofit and making far less than classmates who were pursuing traditional MBA career paths in consulting or finance. But times are changing.
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WebWorkerDaily.com (Georgina Laidlaw - 14 June 2010)
How do you respond to negative feedback? A recent Fast Company article highlighted the issues surrounding the sub-brand language BP has developed in response to its enormous oil spill in the Gulf of Mexico. That article begs the question: How is your personal brand impacted by the words you use to respond to negative feedback?
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Personal Branding Blog (Dan Schawbel - 14 June 2010)
Today, I spoke to Jill Konrath, who is the bestselling author of Selling to Big Companies, and the author of SNAP SELLING. In this interview, Jill talks about the characteristics of successful sellers, what snap selling is, how to break through the noise and make the sale, and more.
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Inc.com (Kasey Wehrum - 14 June 2010)
Why it pays to be honest about your company's failures. In their latest ad campaign, Domino's pizza took a big gamble when they publicly admitted something that a lot of people already knew. Namely, that their pizza wasn't very good. In the ads, Domino's execs and chefs describe their pizza crust as "cardboard" and their pizza sauce as "ketchup." After this public confession, however, Domino's got to work revamping their pizza. They tried new ingredients, developed better crusts, and came up with a tastier sauce. Domino's experiment in honesty has paid off in a big way. The Chicago Tribune reports that sales at domestic stores soared 14.3 percent in the first full quarter after the new recipe debuted. One marketing guru explains why sometimes honesty is the best policy. "Times are tough," he says. "Most of us are disappointed with the actions of business and other institutions." Domino's gamble paid off because they could say, "We're one group that knows that." Hopefully BP is paying attention.
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BusinessWeek.com (Alison Damast - 14 June 2010)
Overall, far fewer MBA students are graduating with jobs, but top-tier schools are starting to see an uptick in recruiting activity.
The job market for MBA graduates appears to be slowly bouncing back at a growing number of top business schools, with increased on-campus recruiting, an uptick in job postings, and more students walking away at graduation with a job offer in hand. At some of these schools, career services directors say recruiting is returning to levels not seen since before the global recession and economic meltdown threw a wrench into the once-buoyant MBA job market two years ago.
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TheDailyBeast.com (Thomas E. Weber - 14 June 2010)
As Apple's CEO introduces his new iPhone today, and its market cap passes Microsoft's, the man who infamously fired him, John Sculley, tells The Daily Beast's Thomas E. Weber about his regrets, their rift—and how their partnership could have worked: Jobs should have been CEO, and Sculley's boss, rather than the other way around. Plus, other 1985 board members on Jobs then and now, and where they are today.
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Dumb Little Man (Ali Hale - 14 June 2010)
Email. We love it – for speedy, easy, free communication around the world. And we hate it – for eating up more and more of our time.
If you've ever spent your whole workday dealing with emails, or come back from a vacation to find hundreds or even thousands of messages waiting, you'll know what a drag email can be. You've probably come across plenty of tips and tricks for managing your email better: folders, labels, no emails before 11am, batch processing, keeping your inbox closed while you're working, etc.
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OnStartups.com (Dharmesh Shah - 13 June 2010)
Earlier this year, I had a chance to attend SxSW. One of the highlights of my trip was a startup dinner which included Jason Fried and David Heinemeier Hansson, the founders of 37signals. At the time, they had just come out with their new book "Rework". I had downloaded a copy to my Kindle, but hadn't had a chance to read it yet. Now I have. Twice. It's a great book. Lots of practical advice for entrepreneurs. I highly recommend it. My second time through, I decided to pull out some of my favorite parts.
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NYTimes.com (Adam Bryant - 13 June 2010)
This interview with Jen-Hsun Huang, the president and chief executive of Nvidia, a maker of graphics chips, was conducted and condensed by Adam Bryant.
Q. What’s it like to work at Nvidia? A. Let me tell you about the two elements that are our core values and that I most treasure and that I spent a lot of time nurturing. One is the tolerance to take risks and the ability to learn from failure. This ability to celebrate failure, if you will, needs to be an important part of any company that’s in a rapidly changing world. And the second core value is intellectual honesty — the ability to call a spade a spade, to as quickly as possible recognize that we’ve made a mistake, that we’ve gone the wrong way, and that we learn from it and quickly adjust. These came about because, when Nvidia was founded, we were the first company of our kind, but we rapidly almost went out of business. It turned out the technology didn’t work at all. We raised all this money. We hired 100 people. We built the technology and it just didn’t work. I learned a lot about leadership during that time.
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Linked2Leadership.com (Scott Span, MSOD - 13 June 2010)
Leadership isn’t what it used to be. The corner offices are slowly disappearing. The days of barking orders and expecting people to blindly follow are over. Workforce demographics and diversity are changing. The days of leading like Franklin M. Hart Jr. are over.
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The Wall Street Journal (Elizabeth Garone - 07 June 2010)
It was seventh grade when Patti Stanger made her first match: She successfully set up her best friend with a boy at a local dance. Today, Ms. Stanger is the owner of The Millionaire's Club, an elite matchmaking service based in Los Angeles. She also hosts Bravo's reality show "The Millionaire Matchmaker."
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Ideate.co.za (Gareth - 07 June 2010)
Apply the entrepreneurial mindset in all aspects of your life. The most successful entrepreneurs are the ones who don’t let obstacles get in their way – they’re committed to a goal and are passionate; they are always open to new options or approaches, and think outside of the box whenever they’re faced with challenges.
Using this mindset in your everyday life can bring about huge changes and benefits. One great example is the thousands of people every day who, when faced with a daunting task, say to themselves: “I can’t do this.” It could be red tape, a current lack of resources, no experience, or whatever the case may be.
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Inc.com (Kasey Wehrum - 07 June 2010)
How to spot the right VC investor. According to Jack Dorsey, the creator of Twitter and now Square, it's all about looking for engagement. In the early days of seeking funding for Twitter, Dorsey knew that things were going poorly because the VCs he met with weren't grilling him hard enough. But he says that when he met Fred Wilson, he knew that Twitter had found a match. "Wilson asked the tough questions about the long term goals for the company. He wanted to know the product plan, he was aggressive in his questioning, but he got it," Dorsey says (via TechCrunch). Learn more about where VCs are putting their money in 2010.
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The WesternFrontonline.com (Evan Derickson - 07 June 2010)
The national job market is predicted to grow this year for the first time since the 2008 financial crisis, even as reports of last year’s market are published with less-positive data.
Western’s Career Services Center released its annual job outlook report for 2008-2009 graduates on Monday, showing that Western graduates had more difficulty finding jobs than in years before. Sixty-nine percent of bachelor’s degree graduates were employed after graduation, compared to 73 percent in 2007-2008 and 79 percent in 2006-2007, according to the report. It is the lowest employment rate in 20 years, it said.
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Forbes.com (Susan Adams - 07 June 2010)
Divide notes into three categories and keep those requiring work in a ''to-do'' folder. I love e-mail. I love its efficiency, its clarity and the fact that it creates a detailed, searchable record.
E-mail also makes me a little nuts. If I'm away from it for a couple of hours, messages pile up. When I confront more than 50, I feel a combination of depression, weariness and low-grade panic, until I make that "unread" number disappear.
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Bloomberg.com (Louis Lavelle - 07 June 2010)
It looks like the MBA Oath, a controversial attempt to give the business world its own version of the Hippocratic Oath, may be suffering its first major defeat. The Community Blog at the Yale School of Management (Yale Full-Time MBA Profile) is reporting that an SOM Town Hall meeting ended without an endorsement of the oath. According to the post, “We didn’t reach a consensus, so we won’t join, nor formally oppose the Business Oath. Future classes may decide to take a stance, but for now, the conversation has begun, and individuals can sign or not sign as they see fit.” Bottom line: an oath that has been enthusiastically embraced by virtually every top b-school is getting a noncommittal shrug from Yale.
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BizCommunity.com (Jason Stewart - 07 June 2010)
When people talk excitedly about your products or services, they are a powerful magnet for attracting new customers and driving sales. Here are nine easy steps to word-of mouth marketing (WoMM).
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Forbes.com (Christopher Steiner - 07 June 2010)
Evenly matched with your rivals? Good intelligence can make the difference. Here's how to get it.
Winning in business is about selling the best product at the best price. If only. In many industries the difference among competing players is not very large. Often the best way to get an edge, if you can, is getting a gander at what the other guy is going to do before he does it. "Learning everything you can about your competition is time-consuming, but the return on investment is enormous," says Sally Wright, president of Alliance Consulting Group in New Brunswick, N.J.
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FastCompany.com (Unknown - 07 June 2010)
This year's 100 Most Creative People offers our own, idiosyncratic perspective on business. The selections reflect the breadth of news ideas and new pursuits at play in our business landscape. From interface designer Yugo Nakamura to HBO Documentary Films president Sheila Nevins to futurist Ray Kurzweil, we can attest that creativity is alive and well in 2010.
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FinancialMail.com (David Furlonger - 07 June 2010)
When Rhodes University vice-chancellor Saleem Badat took a swipe at the ethics of US MBA alumni during his university graduation address this year, he was probably expressing a popular view.
A number of business people at the heart of the US financial scandals that contributed to the global economic malaise are graduates of leading business schools. Badat said: "Judging by their actions, the MBA graduates of these outstanding universities or, as they are now being called, Masters of the Business Apocalypse', or Mediocre But Arrogant', or Me Before Anyone', seem to have had a higher education lacking in any deep engagement with issues of ethics and morality."
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The Wall Street Journal (Frank V. Cespedes, Elliot B. Ross and Benson P. Shapiro - 03 June 2010)
If performance pricing is so profitable, why don't more companies do it? Largely because most businesses stick to one or more of the following wrong ideas when it comes to pricing their products:
NOTHING WE DO DESERVES A PREMIUM PRICE. The first thing a company can do to help itself identify and communicate new areas of value is to create a system for reliably gathering and analyzing data on every product and service for every customer—basically, what each customer wants more of, and how much that will cost to deliver. That's the foundation for coming up with a new value proposition that your marketing and sales people will understand and embrace.
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Bloomberg.com (Unknown - 03 June 2010)
May 20 (Bloomberg) -- Graduates of Harvard Business School and other business schools worldwide pledge responsibility by taking an MBA oath modeled on the Hippocratic Oath administered to doctors. The aim is to get as many as 6,000 graduates at 50 MBA programs to swear they won't put personal ambitions before the interest of their employers or society. Bloomberg's Deirdre Bolton reports. (Source: Bloomberg)
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The Wall Street Journal (Mitchell Lee Marks - 03 June 2010)
There's nothing that can invigorate a struggling company like a major change. Maybe it's the adoption of a new strategy to boost revenue, the introduction of a new product or service, or the chance to acquire a competitor.
But when top executives rally their troops to forge ahead, many of them often find that the troops are neither ready nor willing.
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The Wall Street Journal (Frank V. Cespedes, Elliot B. Ross And Benson P. Shapiro - 03 June 2010)
By now, we're all aware of the slash-your-prices scenario many companies take as a given these days: Your customers demand more and have online access to product comparisons from multiple sellers; you face global competition from rivals that have labor-cost advantages; and the financial crisis has accelerated the commoditization of more and more markets.
The solution? Cut your prices to gain volume and scale.
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BizCommunity.com (Issa Sikiti da Silva - 03 June 2010)
The sky is not the limit for emerging black entrepreneur Mandla Sibeko (31), whose lucky star shone at the right time, helping him scoop a multimillion rand FIFA deal to handle the entire look and feel of the 2010 FIFA World Cup.
Sibeko, who grew up in rural Mpumalanga and owns 40% of Icon SA - a partnership with a UK-based company - declined to disclose the deal's monetary value, but confirmed that the contract will create 3000 jobs nationwide from, among others, production and installations.
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Leader.co.za (Allon Raiz - 03 June 2010)
Jim Rohn said, “Discipline is the bridge between goals and accomplishment”.
One of the characteristics of highly successful people is self-discipline. In an amazing experiment, undertaken by psychologist Walter Mischel of Stanford University in 1960, Mischel decided to measure the self-discipline of children at an early age and then trace their relative success in life. Here is more on the experiment:
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Open2.net (Luciano Batista - 03 June 2010)
In order to harness the increased opportunities for international trade in the 21st century, many companies have decided to take their business to international markets. The evolution of information and communications technologies associated with the development of more efficient global logistics systems has allowed companies of any size to operate in a global market.
It is no longer impossible for small and medium enterprises (SMEs) to sell and source their products and services on a global basis, as if the world were one large market.
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CNNMoney.com (Hibah Yousuf - 03 June 2010)
NEW YORK (CNNMoney.com) -- Federal regulators might not think much of big banks these days, but MBA candidates sure do.
Three investment banks made the top 15 on this year's list of companies that business students most want to work for, according to a survey compiled by Philadelphia-based research firm Universum for an exclusive CNNMoney.com list.
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The Wall Street Journal (Sharon G. Hadary - 03 June 2010)
The phenomenal growth of women-owned businesses has made headlines for three decades—women consistently have been launching new enterprises at twice the rate of men, and their growth rates of employment and revenue have outpaced the economy.
So, it is dismaying to see that, despite all this progress, on average, women-owned business are still small compared with businesses owned by men. And while the gap has narrowed, as of 2008—the latest year for which numbers are available—the average revenues of majority women-owned businesses were still only 27% of the average of majority men-owned businesses.
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The Wall Street Journal (Unknown - 03 June 2010)
Most young managers view having a mentor as their ticket to the big leagues—to greater visibility, exciting assignments and big promotions. Benefits flow to mentors as well, as they enjoy broader influence when their young protégés rise to stardom.
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Harvard Business Review (Daniel Kennedy - 26 May 2010)
Speaking from a podium presents different challenges than other forms of public speaking. So the best preparation is to simulate the podium experience.
For example, when Barack Obama had to debate John McCain at Old Miss in 2008, his team created an exact replica of the stage where Obama would debate McCain. "No detail was overlooked," according to a Newsweek retrospective published just after the election. Incredibly, Obama even rehearsed in the evenings because the debate would be in the evening, and this would "match his natural circadian rhythms."
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Inc.com (Tiffany Black - 24 May 2010)
Being a Mom and running a business is like having two full-time jobs. We asked women who do it for their advice on how to juggle running a family while building a business.
Katherine Reynolds Lewis juggles a demanding career with raising three daughters -- ages 3, 6 and 17 -- and being a wife. She is the founder of Washington, DC-based CurrentMom.com for women entrepreneurs and the About.com guide to working moms. Lewis founded CurrentMom.com specifically for entrepreneurial mothers to share their wisdom and find community, support, energy, inspiration and new ideas. Inc.com Senior Producer Tiffany Black asked Lewis and other busy MEOs (Mom Executive Officers) to share their advice for balancing family and business.
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Harvard Business Review (John Sviokla, Anand Rao and Jamie Yoder - 24 May 2010)
One of the most important things that executives forget when they craft their service model is the need to address customers' anxieties. In today's grim environment, this is more important than ever for all companies but especially for financial services firms.
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USAToday.com (Jennifer Epstein - 24 May 2010)
A few years ago, any discussion of the master's in business administration would begin with discussions of scandal and mismanagement. Look at instances of accounting fraud at Enron and WorldCom: MBAs behaving badly. A president of the United States with mixed approval ratings and plenty of opponents in his own party: an MBA whose leadership skills seemed lacking.
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The Wall Street Journal (Shefali Anand - 24 May 2010)
Indian investors were thrilled to hear that veteran American investor Warren Buffett is planning to visit India in March next year.
What isn’t as widely known is that Mr. Buffett’s revelation came thanks to a 12-year-old Indian-American girl from Los Angeles.
Sabrina Chugh was one of about 40,000 people who attended the annual shareholder meeting of Berkshire Hathaway Inc., Mr. Buffett’s company, on Saturday. A lottery selected a handful of shareholders who could ask Mr. Buffett, the world’s third-richest man, a question.
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