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Management Thoughts

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Manthan Thakker
Manthan Thakker

The document provides management advice on various topics such as managing competition, building self-confidence, self-motivation, and transforming leadership. Some of the key points made include that success depends on being ready rather than being in the right place at the right time, serving customers better is the best way to beat competition, cultivating admiration for people is important for building self-confidence, and that transforming leaders show personal interest in others and encourage them to shine.

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MANAGEMENT THOUGHTS
Managing Competition ? If you can’t stand the competition, get out of the business ? If you go through the wars, you get the medals ? Success doesn’t depend upon being at the right place at the right time, it depends upon being ready ? Of two heroes, he is greater who esteems his rivals most ? Nothing happens unless we make it happen in the bazaar ? No one puts out other people’s lamps. It is the lack of oil which puts them out
…cont’d ? Why are we shocked when success brings us more problems than it solves? We are surprised by the obvious ? If u play safe in life, u have decided that u don’t want to grow anymore ? The best of all ways to beat competition is, of course, to serve your customers better ? Love your competitors, it’ll drive him crazy. ? If u have too many problems, maybe u should o out of business. There is no law that says a company must exist forever.
BUILDING SELF-CONFIDENCE ? Follow the habit of rendering more service & better service than paid to render. ? Enter into no transaction which does not benefit, as nearly alike as possible, everyone it effects. ? Make no statement which you do not believe to be true, no matter what temporary advantages a falsehood might seem to offer. ? Have a sincere desire in your heart to be of greatest possible service to largest number of people.
? Cultivate a wholesome admiration for people, like them better than you like money. ? Do your best to live as well as preach your own philosophy of business. Actions speak louder than words. ? Accept no favors, large or small, without giving some favors in return. ? Ask nothing of any person without believing that you have a right to that for which you ask. …cont’d
SELF-MOTIVATION ? Set yourself a Goal, do not lose sight of it. ? Supplement long-term objectives with short-term goals & specific actions. To get something done is to BEGIN. ? Learn a challenging new task each year. ? Make your job a Different one. Set improvement objectives for your position. With some imagination, you can increase your productivity. ? Develop an Area of Expertise. Build on your Strengths, or develop one of your weaknesses into a strength. ? Give yourself Feedback & Reward yourself. Set verifiable goals as a Standard to measure against your performance.
The Transforming Leader ? Show a personal interest in individual progress. ? Build charismatic relationships. ? Encourage other people to shine. ? Provide psychological support. ? Ask questions-but in a special way. ? Keep people informed.
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Management Thoughts

  • 2. Managing Competition ? If you can’t stand the competition, get out of the business ? If you go through the wars, you get the medals ? Success doesn’t depend upon being at the right place at the right time, it depends upon being ready ? Of two heroes, he is greater who esteems his rivals most ? Nothing happens unless we make it happen in the bazaar ? No one puts out other people’s lamps. It is the lack of oil which puts them out
  • 3. …cont’d ? Why are we shocked when success brings us more problems than it solves? We are surprised by the obvious ? If u play safe in life, u have decided that u don’t want to grow anymore ? The best of all ways to beat competition is, of course, to serve your customers better ? Love your competitors, it’ll drive him crazy. ? If u have too many problems, maybe u should o out of business. There is no law that says a company must exist forever.
  • 4. BUILDING SELF-CONFIDENCE ? Follow the habit of rendering more service & better service than paid to render. ? Enter into no transaction which does not benefit, as nearly alike as possible, everyone it effects. ? Make no statement which you do not believe to be true, no matter what temporary advantages a falsehood might seem to offer. ? Have a sincere desire in your heart to be of greatest possible service to largest number of people.
  • 5. ? Cultivate a wholesome admiration for people, like them better than you like money. ? Do your best to live as well as preach your own philosophy of business. Actions speak louder than words. ? Accept no favors, large or small, without giving some favors in return. ? Ask nothing of any person without believing that you have a right to that for which you ask. …cont’d
  • 6. SELF-MOTIVATION ? Set yourself a Goal, do not lose sight of it. ? Supplement long-term objectives with short-term goals & specific actions. To get something done is to BEGIN. ? Learn a challenging new task each year. ? Make your job a Different one. Set improvement objectives for your position. With some imagination, you can increase your productivity. ? Develop an Area of Expertise. Build on your Strengths, or develop one of your weaknesses into a strength. ? Give yourself Feedback & Reward yourself. Set verifiable goals as a Standard to measure against your performance.
  • 7. The Transforming Leader ? Show a personal interest in individual progress. ? Build charismatic relationships. ? Encourage other people to shine. ? Provide psychological support. ? Ask questions-but in a special way. ? Keep people informed.