Management
Key Principle of a Leader #12: Praise in public, criticize in private
Praise and criticism are part of everyday work. Take note of the little successes, too, and let the people who…
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Key Principle of a Leader #11: When on vacation, leave work behind
A fast pace of life blurs the boundaries between rest time and work. It especially affects people who are officially…
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Key Principle of a Leader #10: Perseverance is the answer
Business is not a lottery and miracles occur only rarely. It isn’t important what you do. It’s how you do…
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Key Principle of a Leader #9: Don’t play favorites with subordinates
A good manager is able to evaluate all team members using the same yardstick. One who uses different standards will…
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Key Principle of a Leader #8: Hire people smarter than you
Even a very good manager can’t be a specialist in all areas. Therefore, responsibility should be shared. A manager and…
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Key Principle of a Leader #7: I can be replaced
The company’s managers inevitably have much influence. Power can be intoxicating, however. Competence and decision-making power shouldn’t be concentrated in…
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Key Principle of a Leader #6: Dreams and ideas bear fruit
The company’s vision is like a shared dream. Once the vision is in place, it’s easier to attain the goals…
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Key Principle of a Leader #5: Nobody should put spokes in your wheels
Any sort of backbiting in the organization has to be out of the question – this principle becomes more and…
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Key Principle of a Leader #4: An organization without a leader is a pipedream
It’s true that a company has to be able to operate without a direct leader. The longer, the better. That’s…
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Key Principle of a Leader #3: Expenses are always too high
Keeping costs under control is something that has to be dealt with constantly. Expenses have an amazing quality of growing…
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