There was a one hour interview on CNBC with Warren Buffet, the second richest man who has donated $31 billion to charity. Here are some very interesting aspects of his life:

1) He bought his first share at age 11 and he now regrets that he started too late!

2) He bought a small farm at age 14 with savings from delivering newspapers.

3) He still lives in the same small 3 bedroom house in mid-town Omaha, that he bought after he got married 50 years ago. He says that he has everything he needs in that house. His house does not have a wall or a fence.

4) He drives his own car everywhere and does not have a driver or security people around him.

5) He never travels by private jet, although he owns the world's largest private jet company.

6) His company, Berkshire Hathaway, owns 63 companies. He writes only one letter each year to the CEOs of these companies, giving them goals for the year. He never holds meetings or calls them on a regular basis.

7) He has given his CEO's only two rules. Rule number 1: do not lose any of your share holder's money. Rule number 2: Do not forget rule number 1.

8) He does not socialize with the high society crowd. His past time after he gets home is to make himself some pop corn and watch television.

9) Bill Gates, the world's richest man met him for the first time only 5 years ago. Bill Gates did not think he had anything in common with Warren Buffet. So he had scheduled his meeting only for half hour. But, when Gates met him, the meeting lasted for ten hours and Bill Gates
became a devotee of Warren Buffet.

10) Warren Buffet does not carry a cell phone, nor has a computer on his desk.

11) His advice to young people: Stay away from credit cards and invest in yourself.
The three skills that people in an organization have are leading, managing, and working. Every person has a combination of all three. I refer to a leader as someone who is strongest in leadership, a manager as one who is strongest in management and a worker as one who is strongest in workmanship.

To understand better what leadership is, let us first discuss it in the context of what leadership is not.

Leadership is not equivalent to managing others. A leader needs to manage the self while teaching and guiding others to manage themselves. Leadership is different from management in several aspects. While a person can be a good leader as well as a good manager, the two are two different talents. A President & CEO needs to be both a leader and a manager. The Chief Architect can just be a leader. A Project Manager can be just a manager. A programmer can just be a worker. A manager often needs to make others do things, but rarely needs to do those things her/himself. This does not imply that a manager’s role is less significant. The manager does the important work of making the workers successfully do their work.

A manager does not need to be an innovator, but a leader needs to be. A manager follows the rules and makes workers follow the rules. A manager is most effective when things are going according to plan. A leader on the other hand, is equally effective when things are going according to plan or not. A leader rewrites the rules when necessary. A leader guides the manager in coming up with a new plan when needed. A leader often realizes it even before a new plan is needed. A leader is a visionary. A leader imagines great things. The leader formulates a high level plan. The manager creates a detailed plan from that and manages workers to implement using that plan.

To be a leader does not mean being a high and mighty boss. A leader is a servant as much as a commander. A good leader cares about others. A leader must lead others to success. If a leader’s goal was to achieve success only for one’s own self, then I’d call him or her a climber, for one who climbs to success, but not a leader. A leader who does not benefit others serves no purpose in an organization or in society.

Being a leader sometimes requires sacrificing ones own interests for the good of others.

Contrary to some beliefs, a leader should be generally popular and liked. A leader does not do just what the leader thinks is best for others, but what the team decides is best for the team. A leader provides results and enlightenment (as in understanding of those results). If people consistently do not understand what or why the leader is doing, the leader needs to be replaced. A leader realizes that people are intelligent and gives them appropriate credit.

A leader is not merely a teacher. A leader is a student and an instructor.

Leadership is not easy. It is not for everyone. Can anyone become a good leader? Yes. Should everyone become a leader? No.

Leadership

by on 9:48:00 PM
The three skills that people in an organization have are leading, managing, and working. Every person has a combination of all three. I refe...
Thoroughly clean the toilet. Add the required amount of shampoo to the toilet water, and have both lids lifted. Obtain the cat and soothe him while you carry him towards the bathroom.

In one smooth movement, put the cat in the toilet and close both lids (you may need to stand on the lid so that he cannot escape).

CAUTION!!!!!

Do not get any part of your body too close to the edge, as his paws will be reaching out for any purchase they can find.

Flush the toilet three or four times.

Have someone open the door to the outside and ensure that there are no people between the toilet and the outside door.

Stand behind the toilet as far as you can, and quickly lift both lids. The now-clean cat will rocket out of the toilet, and run outside where he will dry himself.

Sincerely,
The DOG

How to Wash the Cat

by on 9:26:00 PM
Thoroughly clean the toilet. Add the required amount of shampoo to the toilet water, and have both lids lifted. Obtain the cat and soothe hi...
Lalloo Prasad's wife is off to England for a 2-week training program, and he is seeing her off at the airport.

'Have a good trip Rabri', says Lalloo.

Rabri answers, 'Thank you ji! What would you like me to bring for you?'

Lalloo laughs and says, 'An English girl!!!

Rabri is quiet and leaves contemplating the meaning of his words.

Two weeks later Lalloo picks her up in the airport and asks, 'Haanji, so how was the trip?'

'Very good, very very good ji!'

Lalloo laughs and asks, 'And so, what happened to my present?'

'Which present?'

'What I had asked for, the English girl!'

'Oh haanji, that! Well, I've done what I could. Now we will just have to wait a few months to see if it's a English boy or a girl!!!'

'Satyanash'

Lallooji Ki Jai!!

by on 9:20:00 PM
Lalloo Prasad's wife is off to England for a 2-week training program, and he is seeing her off at the airport. 'Have a good trip Ra...
Dealing with under-performance requires tact & sensitivity

Managing demotivated, un-cooperative or negative employees is what training courses euphemistically term "a challenge". To have only conscientious, motivated & talented staff is as joyful as it is rare.

The ability to deal with under-performers is a critical management skill as sour, demotivated employees can quickly poison the attitude of other workers. In a demoralized or highly charged working environment, managers must have a full armoury of "people skills" & develop acute sensitivity to the situation.

Some cases are simpler to deal with than others. If under-performance is simply due to laziness & the job is one where productivity can be measured, it is easier to persuade a poor performer to leave or improve. In some call centers, 4 example, staff are electronically monitored 4 the number of daily calls they handle.

But other situations require careful handling. Managers should be alert to evidence of poor time-keeping, frequent mood swings & lack of enthusiasm & focus - the classic signs of demotivation. Under-performers often have nothing positive to say about their colleagues & will snipe at motivated & productive workers. They also equate being present in the office with working, regardless of how much they actually achieve.

Many managers make the mistake of looking 4 solutions to the problem before they understand it. So they send demotivated staff on training courses or offer them sabbaticals. Some try to move them to other parts of the organisation. One chief executive had the brilliant idea of herding them together in a prestigious-sounding subsidiary & selling it off.

More seriously, it is vital 4 the manager to get to the root of the problem. He or she can ask when feelings of dissatisfaction first set in, whether there were any specific reasons 4 it & how the worker is coping with the job from day to day.

There are many reasons 4 under-performance. Distraction is a common cause. People might have too much going on in their lives - an affair, sickness in the family or an addiction such as alcohol, drugs or gambling. The symptoms here are secrecy, endless phone calls & increasing absenteeism. The solution? Support first; deadlines second. People in this situation will probably need time off or counselling, but they also need to be a deadline by which time they must have dealt with the problem or agree to seek professional help.

Another reason 4 under-performance is simple personality. The quiet, reserved person may reveal themselves as indifferent & deeply uncommunicative. Equally, the easy-going worker might simply be passive-aggressive by nature. The problem is that people present the best side of their personality at interview.

Many managers often confuse lack of ability with lack of training. No amount of training courses will help people who are simply not up to the job. In these cases, they should be demoted or offered early retirement. 4 staff who are genuinely out of their depth because they have not been trained properly, appropriate courses & rewards 4 new skills will prevent dissatisfaction from setting in.

However, there is another reason 4 under-performance which managers can easily overlook: management itself. Well-balanced, happy & enthusiastic staff can become alienated, uncommitted workers simply because of the way they are managed. Management is about challenge & support: bosses need to set clear goals that stretch staff & help them attain them. Unfortunately, goal-setting is often done badly - either goals are not set or they are impossible to achieve. Equally unhelpful is a boss who is so kind & supportive that goals are never reached.

It is hard 4 managers who are steeped in one corporate culture to recognize that different norms apply to other organizations. Companies have all sorts of subtle rules on dress, time-keeping, productivity & so on. Those who move from the public to the private sector or take a job after being self-employed often have a rude awakening. Only then do they realize how their management style affects staff motivation & performance.

Under-performers need clear goals, a positive working environment & the support & understanding of their managers. As Chairman Mao believed, difficult staff can be re-educated - but managers must realize that they, too, have a crucial role to play.

EMPLOYEE MOTIVATION

by on 9:16:00 PM
Dealing with under-performance requires tact & sensitivity Managing demotivated, un-cooperative or negative employees is what training c...
NEW YORK: Infosys on Saturday became the first ever Indian firm to enter the prestigious Nasdaq 100 index.

Infosys has now entered the elite group comprising of Amazon.com, Google, Cisco, Red Hat, Autodesk, eBay, Juniper Networks, Yahoo, Netscapes, Oracle and Apple Corporation, following its success in third sponsored American Depository Share offering.

The largest electronic stock exchange of US Nasdaq Stock Market, Inc on Saturday announced the reshuffle in its NASDAQ-100 index by including Infosys, which was listed on Nasdaq seven years ago.

The induction will be operational from December 18.