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May31
Andy Grove: Only the Paranoid Survive - 55

"Visibility on the ground is bad, and the roadmap--well, that can't be trusted either."


One of the major strengths that Andy Grove had was to be able to move outside his personal involvement in Intel (NASDAQ:INTC), and look at everything from an objective perspective. That's why he was able to let go of his instincts, since so many times they can be wrong; not only for him but for anybody.

Many times in business you don't see the cliff until you've already started to plunge off it. Grove's greatest weapon against it was to view the business like a disinterested observor. That's true objectivity.

Grove learned and trained himself to look at himself from the view of another person. He didn't fall in love with anything in the business as far as operations go, and he was willing to do what he needed to adapt to the changing circumstances.

Andy%20Grove%20Visibility%20on%20the%20ground%20is%20bad%2C%20and%20the%20roadmap--well%2C%20that%20can%27t%20be%20trusted%20either.jpg

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May30
Segway Creator Dean Kamen Develops "Bionic Arm"
At the D6 conference yesterday, Dean Kamen showed again the amazing creation he and his team made, a prosthetic robot arm controlled by the mind. It is nicknamed "Luke," after the arm fitted to Luke Skywalker in Star Wars.When it... Continue Reading
May29
Texas Supreme Court Says Children of Polygamist Sect Must be Returned to Parents
Saying that so-called child protection services had overstepped their authority, the Texas Supreme Court ruled today that the children must be returned to their families. This is an affirmation of the decision by the appeals court last week, which made... Continue Reading
Flight Attendants for Delta Airlines Reject Union
Flight attendants for Delta Air Lines Inc. (NYSE:DAL) voted to reject the national labor union, the Association of Flight Attendants, or AFA. They prefer to negotiate directly with company leadership rather than paying an in-between to do it. Delta felt... Continue Reading
May28
Scott McClellan Sells Himself for the Pottage of Book Sales
In his post-administration days, former White House spokesman Scott McClellan has decided the best way to sell books and get his name back in the public eye is to trash his former employer, and those around him. And that's what... Continue Reading
May27
General Electric Goes After SonoSite for Second Time in Ultrasound Lawsuit
For the second time in a year, General Electric (NYSE:GE) has filed a lawsuit against SonoSite (NASDAQ:SONO) for patent infringement. Both times the lawsuit has centered around ultrasound equipment.The newest lawsuit is again over hand-held ultrasound equipment, which SonoSite says... Continue Reading
May25
Margaret Thatcher: The "Iron Lady" - 36
"To cure the British disease with socialism was like trying to cure leukaemia with leeches."Forced redistribution of wealth, which is what socialism is, is attempting to rear its ugly head again, as its proponents attempt over and over again, through... Continue Reading
May24
The Wisdom Of Peter Drucker - 46
"Focus on outward contribution. Gear efforts toward results rather than work."For Peter Drucker, it was a huge mistake for a business executive to focus on the work to be done, or worse, the "techniques and tools" used. He said for... Continue Reading
May23
Democrat Maxine Waters Calls for Nationalization of Oil Industry
Is this what the Democrats will bring us if Americans vote them into power? Rep. Maxine Waters threatened oil company leaders with transferring management of the industry from them to the government. What a wacko.Here's what she said at the... Continue Reading
May22
Texas Appeals Court Slaps Down Gestapo Tactics of Child Protective Services
After the outrageous removal of over 400 children from the polygamist sect in Texas, the Third Court of Appeals in Austin ruled the state presented "legally and factually insufficient" grounds for the "extreme" measure of taking the children out of... Continue Reading
May21
Petrobras Reaches Market Value of $313.8 Billion Today, Temporarily Passing GE as World's Fifth Largest Company
The discovery of potentially huge oil and gas fields under the ocean has propelled the Brazil state-owned Petroleo Brasileiro SA, or Petrobras (NYSE:PZE), into the top six-largest companies in the world. Today it temporarily passed General Electric (NYSE:GE)for the No.... Continue Reading
Congress Attempting to Shift Blame for High Oil and Food Prices to Insitutional Investors
Now that the ethanol fiasco is damaging even more people, and politicians refuse to open up drilling for billions of barrels of oil on American soil and off American coastlines, congress and the president are attempting to shift blame and... Continue Reading
Why Southwest Airlines Doesn't Have to Add $15 Fee to Check First Luggage Bag
American Airlines (NYSE:AMR) announced today that it was going to add a $15 fee to check the first bag a passenger has on the airline, with the targeted date to begin the added cost to be on June 15. It's... Continue Reading
May20
Updates on what Warren Buffett is Saying and Doing
Warren Buffett has been all over the news recently, as he's talked about his political preferences, his take on the economy, and especially his trip to Europe, where is looking for family-owned businesses to buy, as well as others.Some of... Continue Reading
May19
Jevic Transportation Shuts Down After 27 Years
A number of factors have resulted in Jevic Transportation having to close its doors after 27 years of operations. The company said they would finish all current freight deliveries within its system before shutting it all down. It isn't accepting... Continue Reading
May18
Herb Kelleher: The Method Behind His Madness - 144
Herb Kelleher was an Expert at Managing GrowthOne of the more negative impacts on workers in a business is layoffs. Those executives that know best how to manage growth will find their people positive and working with a lack of... Continue Reading
May17
Warren Buffett and Secrets of Management - 189
Where Warren Buffett gets capitalism wrong.Warren Buffett was asked one time about the strengths and weaknesses of capitalism. His response to the weaknesses of capitalism show me that in the macroeconomic view, Buffett has it wrong.One example he uses is... Continue Reading
May16
Steve Jobs: The Captain of Cool - 49
"Many of the doubts about the iPhone are being conjured by Apple’s adversaries."This was the comment of one writer when talking about the iPhone in its early days. Here's what Steve Jobs had to say about the innuendo floating around... Continue Reading
May15
Is Starbucks New Logo a Stupid Move?
While most marketers know that creating controversy can be a great way to market, there are definitely dangers involved when you get close to crossing the line. Starbucks (Nasdaq:SBUX) may have done that with their new logo, which shows a... Continue Reading
Look Like a Managing Genius: Offer Something for Free
Today McDonalds (NYSE:MCD) and Dunkin' Donuts are giving away some free products for their customers to enjoy. There's significant buzz around the Internet from these simple marketing tactics.McDonalds is giving away a free biscuit or chicken sandwich, while Dunkin' Donuts... Continue Reading
May14
Smart ForTwo Safety OK for Small Cars, Still not as Safe as Larger Vehicles
The introduction of the Smart ForTwo car in the United States has generated more interest from a safety standpoint than whether it'll save a little on gas. To that end, a couple of recent crash tests from the National Highway... Continue Reading
May13
Senate Vote on Halting Filling Strategic Petroleum Reserve Confirms We No Longer have Two-Party System in U.S.
In one of the most self-serving votes I've seen in a long time, the Senate passed legislation that could end up forcing the Bush administration to stop filling the nation's strategic petroleum reserve.The vote, which was an overwhelming 92 to... Continue Reading
May12
President Bush: Gas Prices Drag on Economic Growth
In a radio interview with CBS News, President Bush said the continual rise in gasoline prices have been one of the major hindrances to the economy growing strongly.While he confirmed the economy was growing, he reiterated that gasoline prices have... Continue Reading
May11
Walt Disney: A Man of Visions and Dreams - 11
At home, he was affectionate and understanding. He gave love by being interested, involved, and always there for his family and friends.While there are obvious strengths and benefits to what was mentioned above about Walt Disney personally, I want to... Continue Reading
May10
The Jack Welch Management Mystique - 99
Welch called for developing a corporate culture that encourages and rewards honest feedback.One of the major accomplishments of Jack Welch when he led General Electric (GE), was his remarkable ability to communicate and get others to communicate in such a... Continue Reading
May 9
Trade Gap in America Lowest Since 2003, China Deficit Best in 2 Years
The U.S trade deficit plunged to $58.2 billion, said the Commerce Department Friday, the lowest since 2003. That's down by about $3.5 billion from February's deficit of $61.7 billion. This could also mean we'll see upward changes in the 0.6... Continue Reading
May 8
Mother's Day a Reminder to Offer Promotions on All Special Days
Mother's Day is upon us again, and many businesses are taking advantage of the numerous ways they can position themselves in the minds of those wanting to do something special for their mothers on their special day.With Mother's Day being... Continue Reading
May 7
U.S. Worker Productivity Surpasses Expectations, Combats Inflation
Even though a number of businesses and industries have fewer employees, it didn't hurt productivity, as it grew by a 2.2 percent annual rate for the first quarter, according to the U.S. Labor Department. That's in contrast to the 1.8... Continue Reading
May 6
Cyclone Nargis Damage a Management Nightmare in Myanmar
The death toll from cyclone Nargis, according to Myanmar (Burma) state radio, has surpassed 22,000, with over 41,000 still missing.With a government in place that hasn't the ability or will to coordinate relief efforts, the devastating effects of the cyclone... Continue Reading
May 5
Wal-Mart Shows Market Solutions - not Big Government - Answer to Health Care Costs
Wal-Mart Expanding Prescription Drug ProgramThe excursion of Wal-Mart (NYSE:WMT) into the medical field, specifically with their prescription drug program, is a great lesson in how the market is far more effective in finding solutions to high cost in health care... Continue Reading
May 4
Andy Grove: Only the Paranoid Survive - 54
Begin your lesson in leadership the same way Andy Grove attacks a problem: by setting aside everything you know. This type of idea really sounds good as you read it, and seems to be the way to go. The question... Continue Reading
May 3
Margaret Thatcher: The "Iron Lady" - 35
"There can be no liberty unless there is economic liberty."This comment by Margaret Thatcher is more important than simply enjoying a quote or using it as a slogan. More than ever capitalism is under attack, and capitalism and entrepreneurship is... Continue Reading
The Kentucky Derby is a Well-Managed Event and Experience
Those who manage, plan and guide the Kentucky Derby get my utmost respect, as year after year it delivers what it promises, and delights fans attending the event, as well as those watching on TV. What makes the Kentucky Derby... Continue Reading
May 2
Barack and Hillary Reject Far Left Liberal Web Sites: Choose "Fox News Channel" Instead
The decision by Barack Obama and Hillary Clinton to appear on the Fox News Channel, along with Howard Dean, is a huge diss and indictment of the fading far left liberal Web sites like DailyKos, Huffington Post and MoveOn. What... Continue Reading
Thomson Reuters Exceeds Expectations in First Quarterly Results Since Merger
In their first earnings report since merging, Thomson Reuters (Toronto:TRI.TO) exceeded expectations by a significant amount, as on a pro forma basis, the company grew profits by 28 percent over last year. That includes results from both companies as if they... Continue Reading
Job Losses Far Less Than Expected, Unemployment Rate Improves
While almost everyone seems to want to announce a knockout for the U.S. economy, it remains resilient, although weak, as the latest job and unemployment numbers came out.Economists had forecast a significant 80,000 layoffs in April, and numbers were surprisingly... Continue Reading
May 1
Consumer Spending Twice what was Expected
Consumer spending continues to help the economy avoid a recession or strong downturn, as it increased by 0.4 percent in March, double what was expected by economists' projections, said the Commerce Department. Because spending was at a faster pace than... Continue Reading

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