Archive for November, 2008

Superior leader – warren buffet

Superior Leader – Warren Buffet

Researched and Authored by: Michael J. Spindler of Local Music Hits!

Superior business leader and American investor Warren Buffett is often called “Oracle of Omaha” or the “Sage of Omaha” and philanthropist. (Wikipedia, 2007) Buffett is the CEO, and the biggest shareholder of the Berkshire Hathaway Company. Buffet’s has an estimated current net worth of approximately $52 billion in US funds. Forbes Magazine ranks Buffett the third richest person in the world in September 2007 behind Carlos Slim and Bill Gates.

Warren Buffett is known for his economical and plain lifestyle. Buffett still lives in the same Omaha, Nebraska house that he purchased in 1958 for $31,500 with a current value of $700,000. In 1989, Buffett spent $9.7 million of the Berkshire’s funds on a corporate jet. He jokingly named it “The Indefensible” because of his past criticisms of such purchases by other CEOs. (Wikipedia, 2007)

Warren Buffett decided to make a commitment to give his fortune to charity back in June 2006. Buffet’s charity donation is approximately $30 billion, which is the largest donation in the history of the United States. The donation was enough to more than double the size of the foundation with 83% of it going to the Bill and Melinda Gates Foundation. Buffett believed that his family had enough money to get started in life so Buffett decided to give his fortune to charity. Buffet’s annual salary in 2006 was only $100,000. In 2007, Buffett was listed among Time Magazine’s 100 Most Influential People in the World. (Wikipedia, 2007)

What makes Warren Buffett a good business leader? This is what everyone wants to know because Warren buffet is so successful. It all starts with leadership. Warren buffet is a true leader where his leadership makes a difference in the world. Leadership is very much related to change and Warren Buffett has the capabilities of leadership change to fit the changing world. Warren Buffett has repeatedly demonstrated the ability to map read in the irregular waters of change. Is Warren Buffett born a leader? The authors of this paper believe not. Experience and research has shown little evidence that an individual who comes to power is a “born leader.” Warren Buffett took the falls that any other leader has to take. Warren Buffett learned from his mistakes and turned his mistakes into a positive thing. Warren Buffett shares his leadership at all organizational levels and Buffett is empowered to share leadership responsibilities. In the world of business, many titles related to leadership roles are actively used in business and Warren Buffett wears those titles to make him effective in multiple leadership positions in business. Distinction between good leadership and good management is made often. Managers are made to be organizational, controllers and budgeters. Warren Buffett has leadership in all three departments and one must have these traits to be a good business leader.

Another important trait in Today’s business leadership is communication. Warren Buffet is a skilled communicator in all aspects of life. Communication is the real key of leadership. Skilled communicators have an appreciation for positioning in the business world. Warren Buffet is experienced at positioning himself at the right place at the right time. Warren Buffet has the understanding of the people he is trying to reach and what he can and cannot hear from the people. Knowledge of audiences’ needs and wants gives the orator the ability to listen. Warren Buffett is an excellent listener with the ability to convey his understanding.

When Warren Buffett talks, people listen. Warren Buffett can send a message through an open door and does not have to push the message through a wall.

Leadership is crucial to any successful business and good leadership is what Warren Buffett is all about. This is what makes Warren buffet a good business leader.

Mr. Warren Buffet’s investment strategies and course of leadership are shining examples of characteristics shared by cognitive theorists. Cognitive theory is an approach of explaining behavior through perception, anticipation, and thinking. Mr. Buffet’s continual approach of analyzing both possible investment choices, market trends, and the ability to place management resources of the right caliber in the right position has consistently brought this investor to the forefront amongst peers and the marketplace. At the core of every sound investor is a creative innovator.

Innovation demands creativity. Creativity in turn draws on our cognitive faculties, across the full amplitude from emotion to reason. In the number-heavy world of global investing, innovative thinking is critical. Innovative investors decipher future trends, spot likely winners by combining science (financials) with art (acuity and perception) and continuously mitigate risk. They assess user needs, product features, the proper deployment of money, professional organizational structures and risk management. (Kore Kalibre, 2006)

Mr. Buffet’s instinct and ability to interpret market trends is also held by tight reigns. Despite over 50 years of growth, Mr. Buffett always adheres to one of the most basic business principles: “…only compete where you have a competitive advantage. Warren Buffett refers to staying within your circle of competence. Social psychologists tell us, though, that we are prone to overconfidence when it comes to assessing our abilities…” (Arthridge, 2006) A man of Warren Buffett’s position and track record could easily be derailed to a sense of over confidence. The principle of only competing within your range of competitive advantage is a principle that can be applied to many other areas in life, and Mr. Buffet’s ability to work and live by this idea has allowed him to continue forward with minimal bruising.

By establishing the previous examples, the authors can reinforce the principles of cognitive theory in that Mr. Buffett behavior patterns are clearly dictated by thought processes, which include interpretation, analysis, and foresight. “As experiences and events gain meaning and value, the process becomes increasingly top down as the mind in (a) attempt at an orderly process influences perception though beliefs, goals and external process” (Gardener, 2007)

Warren Buffet’s is a self empowered leader, because he is loyal, sets goals, plans a strategy for achievement, and stays committed until he accomplishes his purpose. Up to date, he is the greatest stockbroker of all-time. He is a very conservative investor that prefers to invest in companies that sell name brand products that he uses. For example, Coca-Cola, Gillette Razors, See’s Candy, Gulfstream Jet, and GEICO are the major companies he invested in. In the nineties his assets quadrupled in less than five years. He is a smart investor that usually does not take big investment risks. For example, he will not invest in internet stock, because the return is unpredictable. He likes to invest in companies that he is sure will be successful 20 years later. He buys the company with the intentions of keeping it forever. Usually, the management team of each company is the same staff that sold it Warren Buffett from the beginning. He stays loyal to his partners, and the team works their best to keep him happy.

After Warren Buffet’s wife died, he decided to donate 85% of his money to charity. However, “he wants his money to be used the same year he donates it”. (Harris, 2006) The requirement will accelerate the process to help the world. According to Fortune magazine, five-sixths of his money will go to the Bill and Melinda Gates Foundation. This foundation which focus on finding cures for diseases that are common in poor nations. The rest of the money will be split among four other charities, that are each run by his three children and one that is in his late wife’s name.

Warren Buffett is not a huge spender. In fact, he still lives in the same house he bought 40 years ago. Warren “told ABC News “Nightline” that being born into wealth did not entitle his children” (Harris, 2006). In addition, he told Fortune magazine that, “A very rich person would leave his kids enough to do anything, but not enough to do nothing.” (Harris, 2006) In other words, he wants his children to work earn their money and value hard work and smart choices.

In the year 2006, Warren’s first annual donation to the Bill and Melinda Gates Foundation was $1.5 billion and the rest was divided among the four charities. He was the first person to make a donation better than Bill Gates, the richest man in the world. It seems as if Bill Gates and Warren Buffett set a good example and lead others to be more generous, because now the Barron Hilton has committed to donating half of his fortune to charity also. Barron Hilton is the founder of the Hilton Hotels and is worth $2.3 billion. Hopefully, a trend started among the fortunate to give to the less fortunate.

The personality of Warren Buffett ties to the Social Cognitive Level, because he tries to understand and make sense of other people. He observes the differences in social knowledge when dealing with people. Social cognition refers to making sense of ourselves, others, and how the information is used. In the sixties and seventies Albert Bandura and Walter Mischel were psychologists, studying personality development. They found that social learning and cognitive principles improve ones abilities to self-regulate and to follow goals. Warren investment choices were successful, because he conditioned his the way he processed information, choices, and expectations.

References – Do Not Strip Article References

Gardener, J. (2007). Cognitive Behavior Theory. Retrieved December 26, 2007, from http://www.cognitivebehavior.com/theory/index.html

Harris, D. (2006, June 26,). Warren Buffett’s Unprecedented Generosity. Retrieved December 31, 2007, from http://abcnews.go.com/print?id=2118501

Kore Kalibre (2006, March-April 2006). Warren Buffett’s Innovation: Staying away from Rapid Product Innovation. Retrieved December 26, 2007, from http://www.korekalibre.com/index.php?option=com_magazine&task=show_magazine_article&magazine_id=26

Legg Mason Value Trust (2006, October 26). Legg Mason Value Trust (LMVTX) Letter to Shareholders. Retrieved December 26, 2007, from http://markets.kiplinger.com/kiplinger?GUID=323448&Page=MediaViewer&Ticker=LMVTX

Wikipedia (2007, December 25). Warren Buffett. Retrieved December 18, 2007, from http://en.wikipedia.org/wiki/Warren_Buffett

Researched and Authored by: Michael J. Spindler of Local Music Hits!

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Bamboo crafts are divided into filaments and rough wind and string music compilation crafts crafts: 1, filament crafts description: 1

Bamboo crafts are divided into filaments and rough wind and string music compilation Crafts Crafts:
1, filament Crafts Description:
1.1 History and Culture: the main producing area in Sichuan, bamboo crafts porcelain body is a unique place in Chengdu handicrafts, originated in the mid-Qing Dynasty, which was mainly used as a tribute. Difficult because of morals, art must pass several times, the fifties through the re-excavation to resume production.
1.2 Bamboo Crafts features: porcelain body bamboo products a unique skills in order to fine reflexes have a “material selection, special filament, close to birth, secret hidden head, five color pictures,” the art features.
1.3 bamboo handicraft production process: the use of bamboo craft bamboo porcelain body is carefully selected from the free section of the Chengdu region, specialty ceramic bamboo, through the Po Zhu, roasted color to festival, stratified, fixed color, Calibrating, draw wire, pumping uniform and so on more than ten working procedure, all operated by hand to produce a fine bamboo. Porcelain body used bamboo bamboo sections are all rectangular, in the thickness and weight all have strict requirements, the thickness of only 12 hair thickness, width, and only 45 hair width, arrhizus bamboo knife through uniform, reaching thickness uniformity, thickness consistent, the audience are all praise be difficult. Porcelain body in the production process depends on bamboo hands and a knife for hand-woven, so that arrhizus bamboo according to tire shape, close to porcelain surface, all the joints of the Department should be hidden and not exposed, like the natural generation, seamless .
Porcelain body surface of bamboo products to use only a layer of bamboo fiber is very dense, at the same time a special treatment, can be resistant to drying, non-deformation, non-moth-eaten, water washable.
1.4 The regional production of bamboo crafts: porcelain body is only Sichuan bamboo products manufacturing, with its memorial, local Chinese and foreign guests to become the preferred tourist souvenirs. In particular, 5CM, 7CM series of small craft such as small and exquisite vases, as well as kung fu tea set, porcelain body portable bamboo products very popular with tourist guests of all ages. Foreign Affairs bamboo crafts porcelain body is also to do the reception staff to go abroad and domestic large-scale events gift gifts, souvenirs. Porcelain body and practical appreciation of bamboo products or a combination of practical crafts. Many Japanese guests and customers in Southeast Asia to buy back, not only as a craft to enjoy, but also as a reward or hospitality from the real products, even as a tea ceremony utensils.

   1.5 bamboo handicrafts Category: porcelain body style bamboo products according to the main altar is divided into bottle pack boxes with several major categories. Vase class has little to 5 CM’s single bottle, it will have to 145CM in 1000 bottles may be suitable for different occasions needs. Tan tank class has the cup, sugar jar, tea or other utensils.

   Bamboo bags, there are two six specifications of bamboo bag handbags and satchel. Bamboo boxes with bamboo tires, paper, tire, tire several lacquer, specifications 7CM, 9CM, 11CM, 13CM, 15CM and so on several, but also into a single box, inside the grid box and three sets of three boxes. A bamboo type is the main varieties of plants and technological advantage. Wrapped around the mouth over the pitch, porcelain, carefully weave different patterns, is porcelain body any other bamboo products and bamboo different and unique skills can best reflect the fine porcelain body with bamboo basketry known for feature areas. Divided by end-use wine with coffee, tea set, stationery, smoking paraphernalia, as well as kung fu tea, Japanese tea sets and tea sets, and so Ti Liang.

   Points according to specifications from the two sets of three sets of a bowl of wine to the 15 22 for a pack of coffee with both. By the end of the different materials used in tire, both porcelain body, pottery tire, tire paint, glass tire, but also the guests preferred the purple tire. According to process products of different porcelain body is divided into ordinary bamboo weaving, jacquard weaving and knitting colorful patterns. General weaving silk with bronze baked and decorated with geometric patterns are used for production of ordinary mass production. Jacquard weave the latitude and longitude with the width of Hsinchu black hair, easy to weave all kinds of single-color pattern characters handwriting, but also in order to weave a multi-panda logo, the main tea producing vases and other products. Colorful pattern woven into full play the characteristics of colorful silk, using a variety of skills, using a variety of colors woven out of the ever-changing pattern effects, more than for the production of exhibits, gifts and high-end boutique. There are infrequent use of skills provision, with sparse small parts, broken warp for warp knitting, Baptist color-coded, embossed parts, such as more than 20 kinds of three-dimensional series. Using colorful pattern weaving method can produce landscapes flowers and birds, birds and beasts, characters and stories lifelike patterns.

   Bamboo porcelain body in order according to tire, closely linked to tire at the end of its character and is bound by them. In recent years, factories to play a porcelain body bamboo arts, transplanted to the other end of tire and non-tire products, has developed a bamboo jewelry boxes and bamboo bags, bamboo and other new products, new varieties of animals. We will continue to work to create the future of bamboo porcelain body.

  Product General Category: porcelain body bamboo vase, bamboo tea set, coffee set, wine set, stationery, flat bamboo painting.

First, ask yourself

First, ask yourself…

As a leader, do you set the right example?  

Contrary to what some people might tell you, employees today do want to be committed to the organization.  They take pride in going above and beyond.  They desire to feel like they are really making a difference and contributing to the success of the company.  But 99 times out of 100, they will not feel this way simply out of the blue; it begins with the actions of the leader or manager.  Ensuring our employees are fully committed to the organization starts with you. As the leader, show your employees that you are fully committed to doing the same things that you are expecting out of them.

For instance, do you “live” the mission and vision of the company that you so often preach?  Are you willing to roll up your sleeves and help out to get the “not so glamorous” work done when you know it will benefit the team?  Are you proactively looking for ways to improve your performance?  Do you have a positive attitude towards the company?  Are you willing to do whatever you have to do in order to satisfy a customer? 

Employees can’t be told, tricked, forced, manipulated or “managed” into committing to the organization.  They must make that choice on their own, but it is up to the leaders to help them make the right choice!  As leaders, our actions ALWAYS speak MUCH louder than words. When those around us see that we “practice what we preach,” they will be much quicker and more eager to fall in line and be led!

**This week’s tip was taken from “Committing to a Common Vision” which is the November session of The Compass Program. Click Here to view the schedule of all 12 sessions for The Compass Program. 

Know more about the other side of teamwork why did a participant beseech me with tears at the end of a program

Know more about the other side of teamwork

Why did a participant beseech me with tears at the end of a program…?I do remember that in the prerequisite course, involving a similar assignment, this very student had done exceptionally well; so what happened to her this time round?!

While shedding a few tears, she said,

“I knew I would end up doing all the hard work in my team.” It stirred my mind to investigate this further… And one by one, encouraged by their colleagues,speaking with excited gestures, they replied, “I was the one left to ‘carry the load’ for the others in the group.” May be each one of them was showing themselves in a good light, but there may be some truth in their claims…

I was puzzled to the verge of distraction

Each one of them was highly talented and I had reviewed their individual performances in the past. So why couldn’t they collectively finish their assigned task? It is true that certain people exert more than others in a group activity, but I could not zero it out. In order to verify, I sought an appointment with Mr. Ringelmann

Ringelmann said, “This is not new.” But who is Ringelman? About 100 years ago, a French agricultural engineer Max Ringelmann conducted first few studies to investigate the relation between Teamwork and Performance.

They pulled and strained till their faces were red

with effort and their joints crackled. He fastened a stout rope to a dynamometer to measure the pull force. He asked people to pull as hard as they could on a rope – individually, in groups of two, three, and eight. He measured the force for one man and it was approximately 85 kilograms.

Curiously interested in the inferences,he translated it into

If one man exerts a pull force of 85 kilograms, then teamwork of two men would exert a force of 170 kilogram (85×2), three men would exert a force of 255 Kilograms (85×3) and so on… Then he brought 8 volunteers together. He asked each one of them to pull their hardest. Logically, a force of 650 Kilograms (85×8) should have been exerted…

He was surprised and naturally somewhat piqued with the results

The total force increased with teamwork of 8 men but it was much less than 650 kilos. The average force per man went down considerably! Each man was pulling on average only half of what he could, i.e. eight people pulled at less than fourfold.

Ringelman also noticed that with every addition

of person to the team pulling on a rope, the total force of the group increased, but the average force applied by the individualdropped. An inverse relationship emerged between the size of the team and the magnitude of force exerted by an individual.

What is the cause of this inverse relationship?

Psychologists call this phenomenon “Social Loafing, which is helpful in understanding some of the difficulties faced by teams. In groups since the individual efforts are less visible, therefore, sometimes, people work less hard. In the same coin, slackening off is also less visible, therefore, the pressure to perform is also reduced.

Does it conflict with your premise that team work can be a powerful force?

Sure it does! One of the truly noteworthy things about work groups is that they have the synergistic powers of making 2+2= 5, but they also have the capability of making 2+2 = 3.

By Ronen Cohen

http://www.first-level-leadership.com/index.html

How do you earn more if you do not get the time to learn more? Therefore, how can you expect improvement in your skill sets? By visiting First-Level-Leadership.com you are one step closer to greater achievement.


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