Management philosophy and practices - by IBM Former CEO Louis V. Gerstner,Jr.

 Management philosophy and practices

Louis Gerstner joined IBN in 1993. In that time IBM was going through the big loss and its revenue was sinking like stone. The IBM was almost dead at that time. In that time Gerstner took over the company rein and applied his management skills to get back the company into profit. Some of his management philosophy and practices which helped the company to come out from this cumbersome situation are summarized here (In Gerstner own lines).

• I manage by principle, not by procedure.

•  The marketplace dictates everything we should do.
 

•  I’m a big believer in quality, strong competitive strategies and plans, teamwork, payoff for performance, and ethical responsibility.

•  I look for people who work to solve problems and help colleagues. I sack politicians.

•  I am heavily involved I strategy; the rest is yours to implement. Just keep me informed in an informal way. Don’t hide bad information – I hate surprises. Don’t try blow things by me. Solve problems laterally; don’t keep bringing them up the line.

•  Move fast. If we make mistakes, let them be because we are too fast rather than too slow.

•  Hierarchy means very little to me. Let’s put together in meetings the people who can help solve a problem, regardless of position. Reduce committees and meetings to a minimum. No committee decision making. Let’s have lots of candid. Straightforwardness communications.

•  I don’t completely understand the technology. I will need to learn it, but don’t expect me to master it. The unit leaders must be the translators into business terms for me.

  Reference : From the book "Who says Elephants Can't Dance?" by Louis V. Gerstner, Jr.

Louis V. Gerstner, Jr.

Louis Vincent Gerstner, Jr. was chairman of the board and chief executive officer of IBM from April 1993 until 2002 when he retired as CEO in March and chairman in December. He is largely credited with turning around IBM's fortunes. Wikipedia

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How to live your dreams

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How to live your dreams?

Most of the people don’t know the true meaning of life.  None of us knows what we are doing on this planet earth but one thing is quite sure that we have to live our life.  So, how people live there life?  Any guess...??? Answer is quit simple, they follow the same pursuit as others are doing, isn't it. In other words they live someone else life. So, what is the true meaning of life?  I am sure it is already known to us that is, living your own dreams and do what you really want to be in your life. This will not only give you the immense pleasure but also give you the great recognition and self respect.

Following your own dreams is not an easy journey. You need great determination and will power to accomplish it. Since, you are going to create your own path that will be followed by others. Moreover, you are not anymore the part of crowd. You are going to be the pirate of your own life and it requires some skill-sets to find way in an open sea. So I am going to share you some important steps to live your dreams.

Some important steps to live your dreams and follow your heart :-

1.  Start dreaming and set a goal to achieve

   
  Take a time for self introspection and ask yourself what you really want to do with this life. What you dream about to be. What are the things which give you immense pleasure? If you don’t find one then keep looking don’t settle down until and unless you find one.  I am sure you will definitely find one. 

2. Give at least a single try to your dreams

    
You can’t achieve anything without putting a single effort. So put some efforts unto this. This will give you the clear cut idea about how much efforts it is needed and how much efforts you can put unto this. Thus you can take your decision to go further or not.

3. Don’t expect success in a single try

If you are expecting success in a single try then it nothing more than killing your dreams. If you are enough sure of getting positive results then you must try again and again until and unless you get success.

4. Learn from your failures 

This is the most important one. If you don’t learn from your last failure then there is no point to try again and again. Learn your shortcomings and meticulously analyze the causes of your failures. Then try again without repeating the same mistakes.

5. Stop complaining and blaming

Stop complaining about lack of resources, lack of money, lack of skills, and lack of knowledge and so on. Nobody comes with all of these. All have to get these by themselves. You can get all of these if you are willing to do. So stop complaining and blaming.

6. Will to succeed

Every person has a special power that is “Will Power”. A person can do anything by his will power. So, why don’t you use this power to fulfill your dreams?

7. Be optimistic

Stop expecting the worst possible outcomes. This will not going to help you even will make the situation worst. So, by doing so you already decided to accept failure. However you can change the any situation by your positive attitudes and decide your success. There are so many people whose positive attitude turned the worst situations into favorable ones.

8. Think about death bed

When you will be in death bed you will realize the importance of your dreams. You will blame yourself and feel the guilty of not fulfilling your dreams although you can do this. That will be the worst feeling in the whole life. So, don’t wait for that day and start fulfilling your dreams.

I am sure these steps will definitely help you in achieving your goals and living your dreams.

Have a good dreaming

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How to be confident

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