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Lesson #3: Knowledge is Your Most Important Capital
“Times were really tough in the beginning,” recalls Li Ka-shing. “When I started my business in 1950, I only had HK$50,000, so I was in a tight spot financially. I already had some work experience, but I had an advantage in competing with other companies – I was willing to learn the latest industry trends.”

Lesson #4: Low Risk Means Low Rewards
When it came to taking the road less traveled, Warner was all about accepting risk. And not just a little bit of risk; Warner knew that the more risk he was willing to take, the greater the reward in the end would be.

The Nine Biggest Myths of the Workplace by Penelope Trunk
I liked Penelop Trunk's interview so much that I asked her for more material. Here's her list of the nine biggest workplace myths:
Entrepreneurship and the Money Myth
There are many myths in the venture business -- I alluded previously to the myth of U.S. VC value add -- but I was reminded of another one today. The myth? That access to money matters.
Sports and Raising/Lowering Your Game
nteresting NBER paper looking at peer effects in the workplace. While fruit pickers, grocery scanners, etc., become more or less productive in correlation with their coworkers skill level, professional golfers play roughly according to their abilities irregardless of their playing partners' skill levels.

What Type of Managerial Attitude Do You Have?
Many of us are familiar with the inspirational phrase, "your attitude determines your altitude." In the worlds of human resources and management, this phrase holds much truth. In this issue of Astronology, we take an in-depth look into managerial attitudes, and how they affect the overall health and functioning of an organization.
Sales Advice in April Inc. Magazine Hits the Spot
I wouldn't normally recommend Inc. for your Sales Force but the April 2010 issue actually has some helpful articles. Their Trio of stories, beginning on page 83, have some good quotes. The first story is about a nuclear power plant salesperson who sells the right way. Here's a great quote from him that your salespeople can use if they're selling something complex or very expensive...

The Seventh Commandment of Leadership-Self Management and Relationship Power
The most difficult person that you will manage in your leadership career is you. That is a very hard statement to get your hands around and grasp but managing yourself is a very challenging task. Without good self-management, the delicate balance between leader and follower is jeopardized. You can loose credibility. You can damage relationships. You can completely become irrelevant. First, a little background on self management. Self management is half of the science of emotional intelligence. Emotional intelligence tells us that eighty percent of our reactions, responses and projections are driven by emotion and not by logic or processed thought.
Passion Trumps Engagement...And Annihilates Satisfaction
Employee satisfaction may not be a bad thing, but it could be a huge distraction from giving people what they really need at the core - to make a difference, to do valuable work, to count. And it could be a bad thing if it shrinks people's souls and the organization's performance. With regard to people, passion does indeed trump engagement. And it annihilates satisfaction. And really, everything else.

Got an opinion on Stocks? Then you have one on GBP/USD too!
I find that many people coming from the stock market into the FX market don't think they know much about forex. However, if you have an opinion about where stocks might go, then you have an opinion about where this currency pair may be going.

10 Commandments of Leadership-Not Breeding Sheep
Sheep. Need constant attention. Need to be told and shown every step along the way. Not thinking. Not deciding. Not innovating. Just following and doing what they are told. Nothing more and nothing less. Bah. Sheep in the Workplace Even if you have never left the comfortable confines of the big city, you have been exposed to sheep at work. They are the people that require constant direction, sometimes the same direction, over and over again. They cannot solve problems, cannot think creatively, cannot deal with change and cannot make decisions. There will never be independent risk taking. They develop a co-dependence on leaders to guide them on a constant and continuous basis. They require a great deal of time to get even simple things accomplished. There is no correlation betwe
Why the Oil Roller Coaster is Over!
Oil in the global economy has become more of an indicator for the global economy’s health, where in the past rising oil prices was a bad thing, because it beat up the best consumer in the world. (U.S.A.) The correlation is evolving in the global economy and both stocks and oil may continue to rise together.

THE TABLE STAKES FOR GREAT LEADERSHIP
Learn the characteristics of truly great leaders.
Proven Strategies to Turn Blogging Into Profits
In this article I provide a few crucial ideas and suggestions on how to benefit financially and professionally from blogging. There was a time when blogging was limited to a small number of people. Now it has exploded into a mini-industry. Fortunately, there are so many tools, services and technological devices available to bloggers. These unlimited resources can help business professionals turn blogging into a money-generating activity, enhance their image and propel their business forward.

Twitter in Business: It’s Real!
How can businesses use Twitter in a way that executives can justify having their employees spend time on Twitter?

How I called the Rally on the USD/JPY Currency Pair!
Want to know how I knew the U.S. dollar was going to breakout against the Japanese yen? Read on and I'll show you.

Sales Performance: Choosing the Right Tools
What really helps a sales team to improve its performance? Out of the many disciplines, practices, processes and automated reporting tools, which ones should sales managers emphasize? Which tools are best? Which ones contribute most to desirable outcomes? As it turns out, the sales leaders we interviewed say it has less to do with the tools themselves, and more to do with the way those tools are selected, designed and implemented.

The Pygmalion Effect
There is a tale from Ancient Greece of how a prince turned a statue from ivory to life and married her. It is the story of Pygmalion. Remarkably, the principles of this story are relevant to modern techniques of leadership. Read this article to find out how.
Why Salespeople Have Trouble Closing
I've been speaking about what makes salespeople tick for about 15 years. From the beginning I've been telling audiences that there is a 100% correlation between how salespeople make a major purchase and the behavior (stalls, put-offs, excuses, sob stories) they will tolerate from their prospects.

Six Ways To Make Your Marketing Count
Finding effective ways to market your business can seem overwhelming. By following these simple tips, you can get the best possible results for your advertising efforts.

Valuing Goodwill: A Pig-in-a-Poke?
This article discusses what goodwill is, how it is valued and gives an example of how it is applied in a certain case.
Your Company’s Value in Your Strategic Action Plan is?
What is your company’s value? Do you strategically position your business to increase your value? Learn the relationship between your company’s value and your balance statement
Sales Statistics That Reveal Sales Effectiveness
You have salespeople like this! They have plenty of opportunities in the pipeline but very few of them get closed. Some of these salespeople are actually thought to be good closers because they close more new business than anyone else on your team. But are they closing more new business because they're effective closers, effective salespeople or because they simply have more opportunities than anyone else?
The Customer Satisfaction Trap
Most companies that use satisfaction surveys to learn how happy their customers are with their products and services often mislead themselves. What matters is not what customers say about the level of satisfaction, but whether they feel the value they received will keep them loyal. Loyalty or repurchase behaviour is the only true measure of customer satisfaction. As tools for measuring the value a company delivers to it’s customers, satisfaction surveys are not very useful because, amongst other reasons, they focus primarily on transactional issues, such as product quality, deliveries, technical knowledge, hygiene factors, product specs etc. These items are simply the minimum requirements for entry into the market.

Productivity Leadership - Part Four 'Development'
“Productivity Leadership” is Part Four ‘Development’ in an integrated approach to human resources management. A mere 5% productivity improvement would vastly energize any organization. We bet you can do better. Part Five 'Compensation'.
Obama and McCain - The Sales Analogy
As you read this article, please consider the thoughts as they would apply to competing salespeople fighting for the same big account, NOT a political statement.
Setting Call Objectives
What’s the purpose of the sales call? What do you want to accomplish here today? Why are we making this call?

Imagine All the People
“Imagine all the people living life in peace” sang John Lennon in the 70’s and it’s still being played today. Well, imagine employees working everyday in harmony and peace and happily contributing to a healthy and highly profitable organization. Sounds like wishful idealistic thinking from the 70’s, right? But recent studies show that this is possible. The global consulting group Towers Perrin has published their annual global study of employee engagement, which shows just how motivated people are to perform at their best.
Dealing with a Difficult Boss
Surveys show a high correlation between job satisfaction and liking and respecting workplace superiors, yet few are awarded “Boss of the Year.” So, unless you’re independently wealthy, chances are one day you’ll encounter a difficult boss. Common complaints involve bosses with a negative or pessimistic attitude, those who offer limited direction, hover over employees, claim undeserved credit, speak critically of others, withhold recognition of success, correct in front of others, play favorites, speak when angry, exhibit moodiness, refuse to listen, pass the buck, make destructive comments, and fail to express gratitude.
Two Secrets to Creating Abundance NOW!
The first secret to creating abundance is learning what abundance isn’t. Abundance is not happiness. Abundance is not determined by our bank account, the square footage of our home, or the make of our car. If it were, then we would see wealthier people behave as though they are happier and the middle class demonstrating signs of misery. Yet hundreds of experiments show unequivocally that, once basic needs for comfort have been met at a modest, middle class level, the correlation between wealth and happiness disappears. Poof! Chasing after money in the hope that it will buy us more happiness, intimacy, or fulfillment is a waste of energy based on an invalid hypothesis.
Killing the Golden Goose, a lesson in Economic Freedom
Aesop's Fables tell of a Golden Goose that, each day, would lay a single golden egg. The farmer who owned the goose was ecstatic but it wasn't long before his wonder gave way to greed.

6.4 Industrialization policies key to deepened diversification: Economic Report on Africa 2007
With regard to industrial policies, it helps to recall that economic transformation is both a necessary and sufficient condition for industrialization. However, economic transformation cannot occur in the absence of diversification.
5.2 Africa’s diversification regimes revisited: Economic Report on Africa 2007
A further link to productivity
5.1 The results vary by diversification regime: Economic Report on Africa 2007
At this point, it is worthwhile to recall the five diversification regimes: those countries with little diversification; countries that started but got stuck in the diversification process; those with deepened diversification; backsliders in diversification; and the conflict and post-conflict countries. This report suggests that belonging to a particular regime has more to do with policy and institutional factors at the country level. Consequently, there are different determinants when the discussion is brought to the country level (see table A5.2 for correlation results).

Other correlation Related Articles

An SEO is the next Lawyer in your life.
A brief article on SEO, pay for results search engine optimization contract, and the correlation to lawyers, and why this type of contract often does not work out well for either party.
Sports and Raising/Lowering Your Game
nteresting NBER paper looking at peer effects in the workplace. While fruit pickers, grocery scanners, etc., become more or less productive in correlation with their coworkers skill level, professional golfers play roughly according to their abilities irregardless of their playing partners' skill levels.

New Zealand Public Sector eSourcing: Transparent Procurement encourages Competition & Investment
It is widely accepted that procurement transparency promotes competition, and that competition is a good thing for economic efficiency and growth. On a national level, it is also interesting to note the positive correlation between transparency and Foreign Direct Investment.
Why Salespeople Have Trouble Closing
I've been speaking about what makes salespeople tick for about 15 years. From the beginning I've been telling audiences that there is a 100% correlation between how salespeople make a major purchase and the behavior (stalls, put-offs, excuses, sob stories) they will tolerate from their prospects.

How to Attract and Keep Productive Employees
It's been shown time after time that there is a high positive correlation between employee commitment/productivity and reduced turnover. A stable, low turnover work force produces significantly more. All the secrets are revealed here.
Why the Oil Roller Coaster is Over!
Oil in the global economy has become more of an indicator for the global economy’s health, where in the past rising oil prices was a bad thing, because it beat up the best consumer in the world. (U.S.A.) The correlation is evolving in the global economy and both stocks and oil may continue to rise together.

How Does Global Warming Affect Our Climate?
What is the correlation between climate and global warming? What is the impact of continual burning of fossil fuels?
Is Our Wealth Connected to Our Health
Have you noticed the correlation between wealth and health, asks Mike Farrell with aspenIbiz? Read this short post to obtain some background and suggestions about slowing our rate of aging, improving our health, and generating financial wealth that will enable us to Live Longer, Enjoy It, and Make Money!
Leader or Liar?
Do you think leaders are liars? A recent PBS show investigated the question - "Are leaders good liars?" According to psychologist Carrie Keating's experiments in human behavior - "the findings seem to demonstrate a correlation between persuasive abilities and dominant behavior."
How to Choose an SEO Web Design Company
SEO has been a revelation in the virtual world. Its importance can neither be disregarded, nor denied. In fact, the popularity and fame in the Internet is in direct correlation with the search engine optimization techniques deployed in the website. So, for any company, the most important decision is to select the perfect SEO Web Design Company.

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