Growth

I am currently trying to move from writing about personal development into grasping the norms and framework of simple living, applying them into real life and seek to find answers for the development of my country of Indonesia. Pursuing my MBA currently in the fine institution of IPMI Business School, has enabled me to shape into the character of being I was born to be, washing away what was then and what will be later. The hard skills, soft skills, and network are the fruits of labor into investing time, energy and funds into my MBA. Assembling a structured foundation of framework thoughts will be key in perceiving simplified situations with as many perspectives as possible. Being detailed is a key habit to embed within oneself.

For many years, I have been studying about how to personally develop myself as a person, where as I have come to a stage where simplicity, simple living, organization and control is what I have been truly searching for all throughout these years. I have been a firm believer of multi-tasking but then I have spent many years trying to find a solution to procrastination. This is the gap that has slowed down the results of my actions. After reading numerous books, heard many audios, read articles, cases, discussions, newspapers, magazines, seminars attended, hearing lecturers and sharing ideas and thoughts; I’ve come to a conclusion that before contemplating to finding myself personally, I feel I have a duty of importance to make a difference towards my surroundings and help contribute in the development of my 3rd world country of Indonesia, as I am a citizen of this great nation.

Reaching close to 30 years old, I have learned that at the end of the day, it is about what kind of significance you can do for others and those around you.

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The Importance of Good Health

They say that the only thing that you will cherish something is that if you lose it or that something gets ruined, or jeopardized, then you will realize just how important that is to you. This can be of anything, any life form, any tangible or intagible substance.

With me this week; It is all about my health. Because of my health, I had to miss two days of work and missed an Operation Management class due to me being sick.

As they say, back to the drawing board we go; Reschedule the busy schedule for good healthy activities. May the force be with you.

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Success in 4 Domains of Life

It has come to my attention brought up by the fascinating professor of the Wharton School of Business, Stew Friedman, that to truly have success in one’s life and show total leadership is through the successes of the four domains of life.

successThey are;

1) FAMILY (main, extended)
2) WORK (career, business, school)
3) COMMUNITY (society, network,  relationships)
4) SELF (mentally, emotionally, spiritually)

To succeed it is not about balancing all four domains and decrease the time, effort, energy and success of one domain to balance the other, but to fulfill all of the domains in full optimization that you excel in all four domains at the same time.  I am looking to learn more about this sophisticated and yet easy to understand concept which will enable me to focus on whats important to life.  I will update you with more info.

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Live and Learn

sunsetOne of my biggest challenges currently is balancing between school, work, fun and family. It is tough a challenge that I do enjoy. I seek to enhance my real world skills as a CEO by being able to manage the many tasks that I undergo within my life.  I find this very challenging and I know it will be very rewarding for my future. It is a process right now for the long term benefit.

It is a life where I mix and match everything to optimize my time for each task I do and consistently bring quality in my actions. It is a challenge that I will always cherish as I move into developing myself personally, professionally as well as financially.  It is the process that I consider priceless in meaning I would not trade it in for anything.

You’ve got to live and learn.

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New Rules For Team Building

team_building_ringFrom my understanding about the new rules of team building, Professor Richard J. Hackman of Harvard University speaks about challenging the ‘Conventional wisdom’ of team building by stating many key points. ‘Conventional wisdom’ means a belief, idea or explanation that is widely accepted by the public or persons involved in the belief, idea or explanation.

To begin, let us first jot down the key points in the ‘Conventional wisdom’ of team building.

They are the following:

– When teams work together for a certain period amount of time, their teamwork reaches a peak where they no longer improve as a team.

– Team members get too comfortable with one another that it does not push one another to exceed to greater heights.

– Team members have the tendency to quickly forgive one another of their mistakes.

– Team members no longer enforce Standard Operating Procedures and have the tendency to justify one another of their mistakes.

– By regularly adding and changing new members, this creates teams on constant alert to improve.

But then again, why build a team?  Professor Richard J. Hackman speaks about that written creative expressions, and organizing ideas should be done by an individual versus that of a team, where he also mentions that committee reports should be written by an individual on behalf of a team. So why build a team and maximize them?

From my understanding and readings from outside sources, the objective of team building in the working environment is to create a collective output from each individual within the team where tasks being done mostly require different skills, experiences and judgment to establish maximum actual performance greater than that of an individual.

In meaning, building teams is important for organization success and should have a new set of rules in order for organizations to benefit from teams that make up within an organization.

Professor Richard J. Hackman challenges the above points of ‘Conventional wisdom’ of team building through the following points:

team-building– Keeping teams small. Why?

a. Speeds up the process of decision making.

b. Rule of thumb of 6 members within a team. Example: 6 member team have 15 possible pairs, 7 members 21 pairs, 12 members 66 pairs, 24 members 552 pairs. Meaning, “The more members, the slower the team progresses.”

c. Being able to clearly define individual contribution for the impact of team performance.

d. You can’t speed up late progressive process by adding more people.

Example: You can’t make 9 different women carry a baby one for each month until the baby is born. More people means slower process.

– Teams should not consistently change members and stay together longer. Why?

a. Familiar with strengths and weakness of team members.

b. Do not have to spend time and energy to orient themselves with one another.

c. Growth in team commitment.

d. Consistently improve actual performance and minimize errors. Example: National Transportation Safety Board ran tests of fatigued pilot crews whom stayed together longer performed less errors in comparison to rested pilot crews new in acquaintance.

– Teams must have clear direction and definition. Why?

a. To understand team objective.

b. To maximize individual talents.

c. To understand elements of organizational support within team.

d. To maximize team structure (Team Design).

e. To point out the ends of achievement.

f. To explain why the pursuit of direction.

– Emphasize leadership through coaching and promote self management.

a. Hands on coaching but not dictate details to team members from the leader.

b. To plant and refresh individual motivation.

– Individual contribution and Individual motivation within the team.

a. Turning individual talents into team players.

b. Identifying clear purpose, goals and approach.

c. Avoid Social Loafing -> Social loafing is when a team member hides within the team expecting that since being in a group of individuals, a team member has the right to soften and create less effort of contribution and commitment towards the team. This happens due to the lack of motivation from a particular team member.

– Reassessing teams after 3 months. How? Why?

a. Remind direction; assess design (structure), support (leaders & organization).

b. Identify road blocks & remove elements for improvement.

c. Exploiting successes for future performance.

– Team support from leaders and organization. Why?

a. Team members should know that they are being supported by leaders as well as the organization to create freedom and confidence to perform.

teambuildingKey learning points:

– Team building is not necessarily better than doing tasks individually (Depending on the task and objective).

– Social Loafing is a major factor to the erosion and ineffectiveness to team building.

– Individual motivation and skills within the team structure is vital for maximum team performance.

– Team unity and understanding is built through time.

– Individual appreciation within team members is knowing team boundaries.

– Understanding the goal, purpose and approach of each individual & team is key to maintain persistence in team building and performance.

In a closing remark, not did I only learn about team building through the readings, but I personally have reflected my own individual improvement for the sake of my own future. I am able to increase my abilities and behavior towards achieving team performance by understanding my individual contribution while staying motivated to always challenge conventional wisdom by searching for constant improvement within every idea, belief and approach. It is the leader that creates leaders that is important to building teams as improving one’s life through knowledge is what truly matters.

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New Year’s Resolution

Its the new year and its time to reflect on the past and live for the future, right?  Wrong.

new-years-resolutionIt is time to live by the day and spend more quality time with the ones you love before you or them pass away.  I know these words might seem too upfront, but that is the truth when it comes to things that matter in real life.  We spend about 95% of our mind and efforts to get that last dollar in order for us to live.  At the end of the day, or perhaps at the end of your day before you see the, “light at the end of the tunnel”, what is truly important is who surrounds you on your deathbed.  It is about creating significance and becoming an “evangelist” as creating a cause is key to real world success as time spent with your loved ones are what truly matter.  Friends, family and love are key for this new year resolution.

With the recent global crisis and current killings of the innocence in Gaza,  it makes you think about your life more closely and truly define what is really important to you as anything can happen at any given minute.

So it is not only about reflecting the past and living for the future, but it is about living by the day and anticipating the future as the past is your education.

“Live by the day and live in the present as it is a gift of life.”

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Business Mistakes To Avoid

slipping-mistakesThroughout my years in business, I’ve come across many mistakes and downfalls in which I’ve used to create a momentum for success. I can almost speak on behalf of most entrepreneurs out there, that failing and making a mistake is always good for our future in business. We fail in order to move forward. We move forward to achieve the bottom line, at that is to profit and to create a sustainable business. I’d like to share to you some of my experiences.

One of my experiences of a common mistake while running my business is NOT establishing a solid system integrating all of the different functions together. Every function within the business must smoothly go together and move into a smooth flow that will eventually move your business at a high speed. I found out that I needed to speed up the finance aspect with book keeping in order to keep up with my marketing and vice versa; I needed to make my marketing decisions based on my finances as we must have marketing and finance go at parallel speeds for maximum results.

Another common mistake is being too greedy in business.

While seeking the best profit margins, many experience the issue of distribution. What we normally would like to see is our products being sold everywhere to create easy access for our customers to purchase our products. But the problem is, while seeking profit margins, we have the tendency to get caught up in working with too many sub-distributors, that at the end of the day, they all end up killing and minimizing our profit margins. They would compete against each other to lower the selling price then make it difficult for our customers to choose where to purchase our products. A good solution for this problem is either to search for an exclusive distributor or distribute on-line. You will have more control of the situation to monitor and evaluate your business.

Another common mistake is bad accounting.

We depend on accounting for the growth of our business because accounting and finance is considered the “health” of our business. Make sure that balance sheets are balanced, financial statements are in checked and the amount of money written in the book is also the “actual” amount of money you have at hand. This occurs a lot where the book states you have $15.000, but at hand you only have $4.000. Where did the $11.000 go?

Lastly, another common mistake is tightening your promotion money when your business is going down.

When business is slow, we should increase our spending on promotions. As without promo, your business will either stay slow or go even go down in business. We must be brave to spend our money on promotions. It is key to growing our business.

Lets fail forward and succeed.

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