Advice Worth $20,000 A Minute
In the early 1900s, Charles M. Schwab (not the financial guru Charles Schwab), Andrew Carnegie’s right-hand man and president of Bethlehem Steel, wanted to increase his efficiency and that of his management team. John D. Rockefeller Sr. suggested Schwab meet with Ivy Lee, a well-known efficiency expert and his personal consultant. Schwab was extremely busy, […]
Putting The 80/20 Rule To Work For You
In 1909, an Italian economist named Vilfredo Pareto observed in his garden that 20 percent of his pea pods contained 80 percent of the peas. As an economist, he also noticed that 80 percent of the land in Italy was owned by 20 percent of the population. “Today, the 80/20 rule is a common rule […]
How to Set SMART Goals for Yourself
In the book What They Don’t Teach You At Harvard Business School, Mark McCormack tells about a study of Harvard MBA graduates. After tracking the graduates for 10 years, the survey found that 3 percent of the graduates earned more than the 97 percent combined! Was it a particular skill, trait or industry that differentiated […]