Page 9 - (DK) The Business Book
P. 9
78 A leader is one who 112 Management is a practice
knows the way, goes the where art, science, and
way, and shows the way craft meet
Effective leadership Mintzberg’s management
roles
80 Teamwork is the fuel
that allows common 114 A camel is a horse
people to attain designed by committee
uncommon results Avoid groupthink
Organizing teams and talent 132 Make the best quality
115 The art of thinking of goods at the lowest
86 Leaders allow great independently, together cost, paying the highest
people to do the work The value of diversity wages possible
they were born to do Your workers are your
Make the most of your talent customers
88 The way forward may 138 Utilize OPM—Other
not be to go forward MAKING MONEY People’s Money
WORK
Thinking outside the box Who bears the risk?
90 The more a person MANAGING FINANCES 146 Swim upstream. Go the
can do, the more you other way. Ignore the
can motivate them conventional wisdom
Is money the motivator? 120 Do not let yourself be Ignoring the herd
involved in a fraudulent
92 Be an enzyme—a catalyst business Play by the rules 150 Debt is the worst poverty
for change Leverage and excess risk
Changing the game 124 Executive officers must
be free from avarice 152 Cash is king
100 The worst disease that Profit before perks Profit versus cash flow
afflicts executives is
egotism Hubris and nemesis 126 If wealth is placed where 154 Only when the tide goes
it bears interest, it comes out do you discover who’s
104 Culture is the way in back to you redoubled been swimming naked
which a group of people Investment and dividends Off-balance-sheet risk
solves problems
Organizational culture 128 Borrow short, lend long 155 Return on equity is a
Making money from money financial goal that can
110 Emotional intelligence become an own goal
is the intersection of 130 The interests of the Maximize return on equity
heart and head shareholders are our own
Develop emotional Accountability and 156 As the role of private
intelligence governance equity has grown, so have
the risks it poses
The private equity model
158 Assign costs according to
the resources consumed
Activity-based costing
