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Answer Upon - The Mafia & Corporate America
Benefits of a Lean Office: Is It for You? corporation and in the Mafia the strategy is derived from the top. The CEO and his executives decided where the corporation must head towards. In a Mafia family, the decision comes from the Godfather and his board of directors. In the Mafia the key decision makers are the Don, the under don and the councilory.Lean is no longer the propriety process and quality management mantra for manufacturing units. The success of Lean management in manufacturing units was bound to percolate to non-manufacturing processes sooner or later. Needless to add, success stories about Lean Office abound with many organizations proactively adapting this technique to cut down wastage (also referred to as muda) of time and material and developing processes which are closely knit to give the maximum output. Though Lean processes have been around for quite some time along with other quality processes such as Six Sigma, the interest in Lean Office has been recent due to the increase in the services sector through out the globe.Benefits of a Lean Office are very easy to gather. However, if you are still not convinced about the benefits of this quality management system, which has shown huge improvements in offices across the world, here are some outlined benefits which can Power politics and association: Ranks vs. titles: Mentioned above are just a few major similarities between a major crime family and a large corpo Starting a Business The Hollywood Mafia Industry and Corporate America share operational similarities. Take the scenario: Al Capone running General Motors or Jack Welch running the Bonnono crime family (One of the most powerful families out of the five original New York Mafia families). Larger than life, film replicates reality, inspires it and role models it. I am one who likes to learn from everything I do, whether that be watching television, or reading a book. The following letter brings to light how corporate America and organized crime are in the same operational mode.In economics, business is the social science of managing people to organize and maintain collective productivity toward accomplishing particular, creative and productive goals, usually to generate revenue.The etymology of "business" refers to the state of being busy, in the context of the individual as well as the community or society. In other words, to be busy is to be doing commercially viable and profitable work.Starting and managing a business takes motivation and talent. It also requires a lot of research and planning. Although initial errors are not always catastrophic, it takes extra specialization, discipline, and hard work to gain advantage.Beforehand, there must be enough time allotted to exploring and evaluating the business that you are interested in pursuing. These information would be needed to build a comprehensive and contemplative business plan that will help you achieve these goals.A business plan At the core of any relationship, there are certain rules and values. Going to work for the Mafia as many of us have come to know it, is similar to putting your suit on and going to work for GM. The only underlining difference is that of the rules from which each entity operates. The Mafia is in business for one and only one reason, and that is profitability. The corporation is in business for one and only one reason, which is profitability. Cut all the feel good - touchy feely stuff out. In reality, this feel good - touchy feely stuff is only a tool to attain the final purpose of existence. The core purpose as we have learned is your company’s reason for being! Well I beg to differ; the core purpose of any entity’s existence is to fulfill its personal agenda. What is different is the means used to attain these needs. The corporation exists for a purpose and so does the Mafia. They are both a set of organized entities that are governed by a set of rules driven by the founding member’s values. There are more ways than one that the Mafia is similar to corporate America, but I will not indulge you the reader in all these similarities and analysis. What I want you to take away from this letter is that you can learn from every little thing that you do, and that others do. You can learn from what you watch on television, and you can learn from what you listen on radio. But you must learn the right kind of things. Learning right from wrong is important, but more important is answering the question why? Why do I disagree with what I just watched and why do I agree with what I just watched? Similarly the activities of the Mafia might be something that you disagree with, but have you considered the question why you disagree with theses activities. In most cases, you will disagree with these activities because you are scared, or because your moral value system does not allow you to partake in such activities. But we must learn to differentiate the activities from their desired objectives. As mentioned earlier there are many ways of getting to the same objective. You can either run to the finish line or walk, you can even run and walk. In fact there are numerous combinations that you can put together to achieve your objective of reaching the finish line. Similarly the Mafia or organized crime and Corporate America have similar objectives but different means to get to it. They both have a product or service, both have customers, both have leaders, both have a board of directors, both have a distribution system, both have a collection process and both have shareholders and stakeholders. By now you must be curious to know what the similarities are between the Mafia and Corporate America. Below I have listed and explained briefly how the Mafia is similar to some of the biggest corporations in the world. Loyalty and Honest: Rules vs. Policy and Procedures: Strategy derived from the top: Power politics and association: Ranks vs. titles: Mentioned above are just a few major similarities between a major crime family and a large corpor How the New SEC Regs Affect Compensation Committees ofitability. Cut all the feel good - touchy feely stuff out. In reality, this feel good - touchy feely stuff is only a tool to attain the final purpose of existence. The core purpose as we have learned is your company’s reason for being! Well I beg to differ; the core purpose of any entity’s existence is to fulfill its personal agenda. What is different is the means used to attain these needs. The corporation exists for a purpose and so does the Mafia. They are both a set of organized entities that are governed by a set of rules driven by the founding member’s values.An interesting aspect of the proposed new Security & Exchange Commission (SEC) regulations on Executive Compensation relate to the need to supply justification for their decisions (see February 2006 issue for details of the proposed regulation). Currently, most Boards provide a written section, which discusses their general philosophy, such as “providing a total compensation package for executives that is competitive with a group of comparable companies”. In recent public filings, the narrative has even spelled out relative to the measures that will be used in evaluating the level of performance achieved, in order to show that the Compensation Committee has imposed realistic performance metrics as the justification for granting incentives and equity based awards.In the past, the specific numerical targets have not been provided, even though the performance measures have been identified, the rationale being that this would offer confidenti There are more ways than one that the Mafia is similar to corporate America, but I will not indulge you the reader in all these similarities and analysis. What I want you to take away from this letter is that you can learn from every little thing that you do, and that others do. You can learn from what you watch on television, and you can learn from what you listen on radio. But you must learn the right kind of things. Learning right from wrong is important, but more important is answering the question why? Why do I disagree with what I just watched and why do I agree with what I just watched? Similarly the activities of the Mafia might be something that you disagree with, but have you considered the question why you disagree with theses activities. In most cases, you will disagree with these activities because you are scared, or because your moral value system does not allow you to partake in such activities. But we must learn to differentiate the activities from their desired objectives. As mentioned earlier there are many ways of getting to the same objective. You can either run to the finish line or walk, you can even run and walk. In fact there are numerous combinations that you can put together to achieve your objective of reaching the finish line. Similarly the Mafia or organized crime and Corporate America have similar objectives but different means to get to it. They both have a product or service, both have customers, both have leaders, both have a board of directors, both have a distribution system, both have a collection process and both have shareholders and stakeholders. By now you must be curious to know what the similarities are between the Mafia and Corporate America. Below I have listed and explained briefly how the Mafia is similar to some of the biggest corporations in the world. Loyalty and Honest: Rules vs. Policy and Procedures: Strategy derived from the top: Power politics and association: Ranks vs. titles: Mentioned above are just a few major similarities between a major crime family and a large corpo Donations for a Worthy Cause gs. Learning right from wrong is important, but more important is answering the question why? Why do I disagree with what I just watched and why do I agree with what I just watched? Similarly the activities of the Mafia might be something that you disagree with, but have you considered the question why you disagree with theses activities. In most cases, you will disagree with these activities because you are scared, or because your moral value system does not allow you to partake in such activities. But we must learn to differentiate the activities from their desired objectives.As I mentioned earlier, most companies have a budget for donations. Unfortunately these budgets are set well in advance and it is often difficult to get on the list. If you hold a fund-raiser each year and know well in advance when it will be held, you should take time to apply for donations. My Rotary club has an event called Cabaret they hold at the beginning of May each year. This is a very successful fund-raiser and they raise around $100,000 at this event. The event has sponsors, and donations that are used for silent and live auctions. The point here is that they are planned well in advance of the event and the sponsors are solicited a year ahead. If you are part of such a group with a reputation for supporting local and international projects, you will have a better chance of getting donations from businesses. Asking for donations should always be done through current business relationships. One of the things we have learned is that large d As mentioned earlier there are many ways of getting to the same objective. You can either run to the finish line or walk, you can even run and walk. In fact there are numerous combinations that you can put together to achieve your objective of reaching the finish line. Similarly the Mafia or organized crime and Corporate America have similar objectives but different means to get to it. They both have a product or service, both have customers, both have leaders, both have a board of directors, both have a distribution system, both have a collection process and both have shareholders and stakeholders. By now you must be curious to know what the similarities are between the Mafia and Corporate America. Below I have listed and explained briefly how the Mafia is similar to some of the biggest corporations in the world. Loyalty and Honest: Rules vs. Policy and Procedures: Strategy derived from the top: Power politics and association: Ranks vs. titles: Mentioned above are just a few major similarities between a major crime family and a large corpo Going Public via Initial or Direct Public Offering: The Role of an Underwriter oduct or service, both have customers, both have leaders, both have a board of directors, both have a distribution system, both have a collection process and both have shareholders and stakeholders.Perhaps the most visible and familiar element of the initial public offering process is the underwriter. The underwriter is the organization that is actually responsible for pricing, selling, and organizing the issue, and it may or may not provide additional services. With direct public offerings, there is no need for an underwriter.Selection of a good underwriter is of the utmost importance, but it’s important to understand that many underwriters are equally selective of their clients. Because an underwriter’s reputation depends on successful issues, few firms will be willing to stake their reputation on questionable companies.When selecting an underwriter, it’s important to seek out an established company with a good reputation and quality research coverage in your field. The decision may also depend on the kind of agreement the underwriter is willing to make regarding the sale of shares. For profitable and established private By now you must be curious to know what the similarities are between the Mafia and Corporate America. Below I have listed and explained briefly how the Mafia is similar to some of the biggest corporations in the world. Loyalty and Honest: Rules vs. Policy and Procedures: Strategy derived from the top: Power politics and association: Ranks vs. titles: Mentioned above are just a few major similarities between a major crime family and a large corpo Top 5 'New Business' Mistakes To Avoid When Opening A New Restaurant corporation and in the Mafia the strategy is derived from the top. The CEO and his executives decided where the corporation must head towards. In a Mafia family, the decision comes from the Godfather and his board of directors. In the Mafia the key decision makers are the Don, the under don and the councilory.“Businesses with fewer than 20 employees have only a 37%chance of surviving four years (of business) and only a 9% chance of surviving 10 years. Restaurants only have a 20% chance of surviving 2 years. Of these failed business, only 10% of them close involuntarily due to bankruptcy and the remaining 90% close because the business was not successful, did not provide the level of income desired, or was too much work for their efforts.”–excerpt taken from an article written by Rob Holland, ‘Planning Against a Business Failure’As a new restaurant owner (or soon to be), that quote must have sent chills up your spine. Everyday, people are pouring their entire life savings, betting their children’s education funds, and risking their marriage to fulfill a life long dream of opening their own restaurant. No doubt, there are risks involved – lots of risks. It’s important to not tumble into the traps that have already robbed the dreams of so ma Power politics and association: Ranks vs. titles: Mentioned above are just a few major similarities between a major crime family and a large corporation. What is different about the Mafia is what fascinates me. The heads of these Mafia families are mostly individuals who are uneducated, if we look at their educational background from the eyes of the general public. Majority of them have little schooling, yet they are able to run a large organization profitably in an environment where its existence is considered against the law. Members of the Mafia operate openly in the free market system and in places where communism is still practiced. What is more is that they flourish in both environments. The Mafia and its leaders are focused on results and objectives. They use what ever mean that they have available to their disposal to achieve these objectives. This to many of us may sound “BAD” or “WRONG” but consider what we know and have learned so far. All the Mafia is doing is operating in a different environment governed by a different set of rules. It is still a business just like a corporation. Of course some individuals might be thinking that the values systems are different and that is what causes the Mafia to operate the way it does. In-fact the values that the Mafia and most corporations share are the same, the rule of the game are different. The Mafia values fair treatment of its employees, the Mafia values giving back to its community, the Mafia creates jobs for the unemployed, it benefits society by keeping the law enforcement, on its feet. In-fact I would argue that the mafia supports the huge budgets and workforce of many law enforcement agencies. The Mafia which is considered evil also invests in Corporate America. But in my opinion, the most important job that the Mafia does is to bring organization in an environment where everything goes. What I have learned from how the Mafia operates might be different than what you might learn. I have summarized my learning below: 1. Trust is earned not given 2. Forgive but don’t forget 3. Without power, you will swim with the sharks 4. Learn the game of deception, and learn when to use it 5. Focus not on the results, but on achieving the objective 6. Do what you do best, hire for the rest 7. Always give more than you take 8. Remember the people who favored you 9. Forgive those, who tried to bring harm to you. (You never know when you might need some one. Once in power, the people who hated you the most suddenly become your best friends, and in most cases these people are the ones who are the most loyal to you, as they have more to prove) 10. Pick and choose you fights ( You always live to fight another day) 11. Only say what is needed to be said and be blunt
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