Friday, January 15, 2010

The ABC of Management-------B1

On the journey ahead i discuss 'B'

BELIEF.

What you believe about yourself is what happens to you.

The clearer you are about what you value and believe in, the happier and more effective you will be.

Beliefs are the assumptions we make about ourselves and about the world in general. Because of these assumptions we make conclusions about the outcome and this effects our behavior.

Limitations are usually an outcome of our own beliefs about ourselves--Beliefs have a knack of keeping us locked up behind our fears.

Your thoughts are your Belief system which ultimately determine whether you are successful or not.

An interesting SMS forward that came my way:
Change the texture of your thoughts & your life will change.
The future is not something that we await it is something we create.

Learn to change your thoughts or rather think only 'positively', indulge excessively in positive visualization. Think only about the things you want and never about the things you dont want. In other words dont let your fears eat into your psyche.
The harder you think about the things you want--- The easier you will get them.

  • We are what we think------Buddha

  • If you think you can, you can. If you think you cant, you are right.---Mark Twain.


I believe that the most important outcome of this journey should be of managing and effectively running our own Business.

BUSINESS

The efficient & effective operation of a Business and the study of this subject is called MANAGEMENT.

It is a somewhat curious truism that despite the fact that business touches nearly every aspect of our lives, it is only recently in the last couple of decades that Business has been accorded the respect it so truly deserves. Till recently it was considered a necessary evil in society.

Albert Z. Carr's article in his controversial " Harvard Business Review " says Business is similar to playing poker, and that deception is a necessary part of Business.

I believe that at times we have to take calculated risks in Business based on informed decisions unlike the blind risks in poker. Yes we need to communicate with our customers in an attempt to change their perceptions to suit our Business objectives, but it surely cannot be termed deception.

I would thus sum up that Business is the art of making profits by taking calculated risks in an informed scenario. Business is about changing peoples perceptions and modifying their beliefs to suit our business objectives.


  • As a small Businessman, you have no greater leverage than the truth--John greenleaf whittier.

  • The most important single central fact about a free market is that no exchange takes place unless both parties benefit.---- Milton Friedman.