25 Wise, Inspiring Steve Job Quotes That’ll Make You Want To Change The World

25 Wise, Inspiring Steve Job Quotes That’ll Make You Want To Change The World from Fit Small Business

TRUTH IS STRANGER THAN FICTION - THE STORY OF WILLIAM WALDORF AND GEORGE C. BOLDT

  

WILLIAM WALDORF ASTOR AND NANCY ASTOR

GEORGE CHARLES BOLDT
(April 25, 1851 to December 5, 1916)
He was a Prussian-born American hotelier. A self-made
millionaire, he influenced the development of urban hotel
as a civic social centre and luxury destination.

 It was a stormy night. an elderly couple looking for a room for a night, came to Belle Vue Hotel, Philadelphia. The young clerk at the desk informed the couple that all rooms of his hotel were booked and also that not a single hotel room was available that night in Philadelphia because of an international conference. 


          However, seeing their plight, he decided not to let them to go out in that bad weather. He, therefore, offered them his personal room. The couple were reluctant as that would cause great inconvenience to the young clerk. "Where are you going to sleep, young man, if you give your room to us?" asked the old man. "Oh, I am young and single. I can sleep at the reception area in the night. I insist that you accept my offer as I cannot let you go out in this storm. You may not even get a taxi in this kind of weather." Having been left with no choice, the elderly couple accepted the young man's offer and spent the night in his personal room. 


          Next morning, before leaving the hotel the old man after having expressed his gratitude offered a handsome reward to the young man. "Please don't embarrass me with offer of money for my room. I didn't give my room expecting any monetary compensation. I just wanted to be of some help to you." The old man was really touched by the young man's compassion as well as high sense of honesty. "You are really a good human being, my son! I thought God had stopped making people like you. What are you doing herein such a small hotel? A person like you should become the manager of the best hotel in the world."


          "I am quite happy working here in this small hotel and moreover, I don't have skills to run anything bigger than this. However, thank you for your kind words and compliments." said the clerk.


          "Tell me, if I built some day the best hotel in the world, would you come and join me?" asked the old man with a cunning smile. The young man thought this as some kind of jovial gesture of an old man at an emotional moment. "Yes, if you built one, I will definitely join", said the young man, wanting somehow to get rid of the old couple as he had to take up the pressing list of day's work lying on his desk. "Good bye", said the old man. "You would hear from me soon." "Good bye", replied the young clerk.


          Three years passed, the young clerk was already promoted to become manager of the hotel. While going through his mail one day, he opened an envelope and found a return air ticket to New York, with an invitation letter to attend an inaugural function. However, not much details about why was he invited, were given. 


          The young man became curious and decided to go. Upon his arrival at New York, the young man was welcomed by his host who personally took him downtown. There, in front of him, lay the finest hotel he had ever seen.


          "That," said the gentleman, "is the hotel I built for you to manage." While standing on the street corner beside the soon-to-be world-renowned WALDORF-ASTORIA HOTEL, the young clerk, GEORGE C. BOLDT, was titled its first manager. 


          For the next twenty three years, until his death in 1916, Boldt remained faithful to the hotel and to the confidence WILLIAM WALDORF ASTOR had placed in him.    

WALDORF ASTORIA HOTEL

Article Source :

TRUTH IS STRANGER THAN FICTION - THE STORY OF WILLIAM WALDORF AND GEORGE C. BOLDT

The Moral of this Story:- "Do not turn your back on those who are in need, for they might be angels"

Leadership lessons from Sir Alex Ferguson | Blog | London Business School BSR

What are the lessons of Sir Alex Ferguson’s 27-year tenure as manager of Manchester United?  Pundits and former players have been falling over each other to praise Ferguson’s successes and his ability to bring out the best in his players.  But I think there are some wider lessons for the business world that can be learnt from his lengthy reign, and from the way he has handled his departure.

1.  Generating a return on long-term thinking. 
It took Ferguson seven years (1986-1993) before his team won the Premiership.  Can you imagine the manager of a top team today getting even half that amount of time to prove himself?  Or indeed can you imagine a corporate board giving their new CEO seven years to hit his targets? The credit here goes as much to the United board as to Ferguson, for having faith in him for such a long time.  But Ferguson himself was also a long-term thinker, investing in youth teams and proper scouting efforts, rather than just buying the star players of the day.

2. Capacity for renewal. 
Many leaders are hostage to their previous successes – they stick with investments (e.g. their star players) and ways of working (e.g. team formations and strategies), and sooner or later they are eclipsed by competitors with newer and better ideas.  Ferguson was a master of self-renewal. He sold off famous players, often while still at their peak, and he experimented with younger, unproven players.

3. Leaving at the top.
Many leaders stay in post well after their best-before date. This creates anxiety and disillusionment in the ranks, and it often leads to stagnation and decay.  Ferguson smartly chose to leave before anyone was asking him to do so. It also looks as if he has left the organisation in good shape as well, with a good crop of younger players coming through.  Leaving at the top is smart – but it’s even smarter to do it in a way that sets up the next guy for success.

4. Succession planning.
Ferguson presumably played a big part in the choice of his successor, David Moyes.  Wisely, the United board have chosen to avoid the star manager – Jose Mourinho –who might think himself bigger than the club. Instead, by choosing Moyes, they have gone for someone cut from the same cloth as Ferguson, and someone young enough to potentially enjoy a 10-15 year tenure himself.   Similar in many ways to GE’s handover from Jack Welch to Jeff Immelt.

5. Tough but Fair.
Ferguson’s management style wasn’t everyone’s cup of tea – he was famous for bearing grudges (against the BBC, for example) and for employing the ‘hairdryer treatment’ on underperforming players.  But his tough-but-fair was highly effective and, importantly, his former players have (almost) all said they respected his approach.  The important lesson here is that when it comes to style, context matters– Ferguson was managing highly talented, overpaid, oversexed, and not very bright teenagers, and he developed a way of working that was part coach, part boss, part father figure. If you are managing a group of PhD scientists or software engineers, you need to find a different way to motivate them.

What about mistakes? Well, anyone who has been around as long as Ferguson has made his share of bad decisions, and football fans around the world all have views on bad signings and star players he fell out with. But my biggest worry is that he seems to be sticking around on the United board. There is nothing that makes the new guy’s job hard than having the former boss lurking in the background, second-guessing your decisions. Jorma Olilla at Nokia and Stelios at Easyjet, for example, both made life difficult for their successors.  I think Sir Alex should make a clean break, and give David Moyes a free hand to chart a new direction for Manchester United.

This post was first published on Business Strategy Review on 10 May 2013.

Leadership lessons from Sir Alex Ferguson | Blog | London Business School BSR





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Starting a restaurant looks very lucrative simply because people generally love to eat and we eat out lot..!! Asians are some lucky lots who can afford to have breakfast, lunch, tea, dinner and supper without having to know how to cook and without poking huge holes in our wallets. Eating out is part of our culture. We eat out all the time.

 This explains the numerous restaurants, cafes, warungs, bistros, or kopitiams in almost every corner of Asian countries. It seems like everyone knows and wants to open a restaurant. You don’t need to be a chef to open a restaurant. In fact, most restaurant owners can’t even cook.! Many are politicians, singers, actors, models, housewives, retirees, businessmen who love food or even foreigners who want to introduce food from their homelands. While anybody can open a restaurant, it takes a trully hardworking, dedicated and discipline entrepreneur to open and operate a successful restaurant.

 Here is a detailed step-by-step ebook to guide you in planning your finances, obtaining necessary licenses and opening your first restaurant in Malaysia

Father's Day Special

Inspirational Videos of Great Fathers

 So to all Fathers out there

 HAPPY FATHER"S DAY

Changing people's perceptions - Virgin.com

Changing People's Perceptions 

by Richard Branson

I am lucky enough to have met some of the most amazing people on the planet. Every so often I sit back and think about who inspires me, who has given me the ideas to screw business as usual, and re-evaluate what I take as being good and bad, successful and unsuccessful.
Its a great read so read on

Changing people's perceptions - Virgin.com

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