It is a commonly held belief that “entrepreneurs are risk-takers.”
Consider also the statement, “gamblers are risk-takers.”
Are entrepreneurs gamblers?
Or do you believe that: “Entrepreneurs calculate risk and pass it on to those who are greedy?”
Let’s research and share views on these statements.
Dear Team 555:
Please comment on this post, stating the title of the leadership/management book approved for your review assignment and explaining in one paragraph why you selected this book.
Please do this by midnight tomorrow, Monday, February 2 – you should have your proposed titles approved by tonight.
Best wishes,
PC
Which of the Four Principles can you recognize in this sketch of the Navigator of the Whitewaters?
Principle of the Golden Goose:
The Principle of the Golden Goose has been taught for over two decades in finance classes for engineering students. Many have applied this principle and accumulated wealth beyond their imagination. You too can start building your wealth today and achieve financial independence – in threee simple steps:
Step 1: Create flow—of money. Work purposefully and consistently, earning a fair reward. Be persistent.
Step 2: Let the flow work for you—grow your ‘golden goose’ by paying yourself regularly and investing the money wisely – if you can, save at least as much as you pay in taxes. Be disciplined. Save diligently.
Step 3: Go with the flow, don’t dip into it and do not eat the goose. Be patient.
Can you apply the Principle of the Golden Goose to your life over the next 25 to 30 years and figure out how much wealth you can accumulate?
Learn more about the Golden Goose: Masters of the Game – Reaching Beyond the Nexus to Success and Happiness
Leadership has been defined as the act of influencing others. This definition works well when describing a quality in an individual, but when a deeper understanding of leadership is sought the word becomes much more mysterious.
Why do so many people view some American presidents, such as George Washington, Abraham Lincoln, and John F. Kennedy, as great leaders? What made them leaders? What about inspirational leaders, like Mohandas Gandhi and Mother Theresa? How were some of these inspirational leaders able to influence other leaders?
Learn Leadership secrets: Masters of the Game – Reaching Beyond the Nexus to Success and Happiness
View Prem Chopra’s lectures on YouTube (video): Lectures on Purposeful Leadership
The following article is excerpted from a lecture by Prem Chopra on “Quality Improvement through Purposeful Action,” at the University of Tennessee, Chattanooga in September 2006. The text of the entire lecture can be found in Masters of the Game: Reaching Beyond the Nexus to Success and Happiness.
Can you cite some examples that shed light on the content of this article?
You can spend a lot of money for a fancy Cadillac. It is a beautiful car, but if it does not provide value to the customer, the business will ultimately collapse. Value is measured in terms of features, functionality, reliability, longevity, ease of maintenance, and ease of repair. You must continue to improve and innovate to enhance these attributes in the products and services you offer. These are essential aspects of quality control or quality improvement. I do not like the word control. Control is a very static word. It implies unidirectional and unilateral standard-setting and direction.Continuous measurement and improvement of quality is the key to maximizing value. You must measure and improve. You cannot improve something that you cannot measure.
So, what is the bottom-line for continuous quality improvement? The answer lies in the history of the American electronics and software industries — Innovate and improve quality. Do what has not been done before—that is the meaning of innovation. Give people freedom to think and work on their ideas. Give more value to the customer. That is the philosophy of the successful entrepreneur.Purposeful entrepreneurship can be applied to any endeavor, including academics–you can be a purposeful and entrepreneurial teacher. What made the United States so technologically advanced was the entrepreneurial spirit. If you want to discover your propensity to be an entrepreneur, or to know your giver-taker balance, play the BrookMaster game at www.purposefulaction.com
Premise of this Post: “Managing Projects is a special case of Managing Action.”
Take the example of a construction project, and discuss how purposeful action can be applied to manage it effectively.
Here are some thoughts to consider:
All projects and companies are built upon a collection of actions by one or more individuals and are dependent on other individuals as well as “geo-environmental” influences. Therefore, Project Management can be viewed as a special case of Purposeful Action. The First Principle of Purposeful Action covers all the steps required to conceive, design, implement, evaluate, renew and complete any project successfully. To achieve success and well as fulfillment of the purpose of the project, the remaining three principles of Purposeful Action (www.purposefulaction.com) also must be applied to all aspects of the project.
In this “Managing Projects” category of the Purposeful Action Blog we will discuss and explore how Purposeful Action assures successful project management.
Please post your comments and suggestions on how to improve the blog – layout, structure, appearance, functionality and content.
Our vision for the blog is to enable every user to freely post comments on the discussion topics and to comment on each others’ posts. We plan to add the capability of using rich multi-media content including, graphics, voice and video.
The reality is that we are selecting and testing themes (designs) for the blog from a library of pre-programmed templates. Each theme has pros and cons. We are unsure about how many desirable changes (many from your suggestions) we can accomplish with these templates, given our limited programming resources – but Swathy and Hema are working diligently on this.
The current blog design is a step in the direction of achieving our vision, as we pursue our commitment to continuously improve functionality, aesthetics and ease of use – leading to a “professional” quality experience. Thanks for your suggestions and contributions. Best wishes, PC.
What do you understand from the terms Quality, Value and Success?
What is the relationship between them?
Please cite examples from real life.
For reference, please visit: Ethics is the Key to Success & Happiness
What is the relationship between Quality Improvement and the 12 steps of Purposeful Action?
Which of the 12 steps are most applicable to Quality Improvement and Kaizen?
For reference please visit: http://www.youtube.com/purposefulaction
Please comment here on your experiences and progress, on the first phase of your Construction Management Project for developing and constructing the best and highest use improvement for the hillside property assigned.