A key to achieving success is to assemble a strong and stable management team.
From Vivek Wadhwa
A key ingredient in innovation is the ability to challenge authority and break rules.
What you want in a mentor is someone who truly cares for you and who will look after your interests and not just their own. When you do come across the right person to mentor you, start by showing them that the time they spend with you is worthwhile.
Corporate executives and business owners need to realize that there can be no compromise when it comes to ethics, and there are no easy shortcuts to success. Ethics need to be carefully sown into the fabric of their companies.
The harsh reality is that if you are middle-aged, write computer code for a living, and earn a six-figure salary, you're headed for the unemployment lines. Your market value declines as you age, and it becomes harder and harder to get a job.
Outsourcing was the bogeyman of the '90s. Protectionists portrayed it as an evil that would take American jobs away. Yes, some jobs did go offshore as people feared, but it made the global economic pie grow bigger.
The lesson is, because there will be many lemons in life, to learn to make the proverbial lemonade - and be open and honest. That's the best way of doing damage control and positioning yourself for success.
Business executives need to start by spelling out and communicating their values. Then they need to lead by example. This means getting rid of the bad apples and declining opportunities that bring instant wealth at the cost of selling one's soul.
No matter how well things are going, failure and disaster are just around the corner. So celebrate the good, but be ready for the bad.
Building a company isn't that different from climbing a big mountain. You need people helping you traverse treacherous paths and to lift you up when you fall.
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