LearnwithMe

BASED ON CHAPTER “LONE WOLVES STARVING”  FROM CLAUDIO FERNANDEZ' BOOK - "It's not how or what but the WHO" ------------------------------------------------------------------------------------------------------------ Kinds of pay structures.   EAT WHAT YOU KILL  – “PAY AS YOU PERFORM" LOCKSTEPS  – “People pay is unrelated to their personal contribution and instead   varies according to some pre-established formula related to years of service, years as a partner or participation in local or global profits. “Eat What You Kill” Vs “Locksteps” “LOCKSTEP EFFECT” – Star A would rail against being paid as lazy C and leave to make twice as much money at an eat-what-you-kill firm. C would never leave, since he gets a free ride, compared with noting an eat-what-you-kill firm. B would be constantly weighing her options: work more and switch teams; work less and stay. With this formula, lock step firm will lose all its sta...

"Who Principal" - The outstanding leadership and the ability to build superior executive teams are the two essential and foundational prerequisites for remarkable corporate performance.  "First get the right people on the buss, wrong people off the bus, and the right people into the right seats and then figure out where to drive the bus. " Quote from the Book "Good to Great" PART 1 NEED AND CHALLENGES OF FILLING ORGANIZATION WITH BEST PEOPLE Hiring Great People Is Good for one’s Career “Making great people decisions is an essential life skill….the most decisive skill in determining our career success, and also our personal happiness.” Unless our business is very small, no matter how talented we are, how great we are at management or how hard we are willing to work, eventually we will have to delegate to other people. To succeed, we must run our business with talent and energy while attracting and serving custome...