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Welcome to the Personal Development for Smart People Forums, the place for lively, intelligent discussion of all personal growth issues -- physical, mental, financial, social, emotional, spiritual, and more. You're currently viewing as a guest, which gives you limited read-only access. By joining our free community, you'll be able to post your own messages, access many members-only features, see the new messages posted since your last visit, and of course remove this header message. Registration is fast, simple, and free, so please join today. If you arrived here from a search engine, you may want to explore the main site first, which includes hundreds of deep and insightful articles on a variety of personal development topics. |
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06-12-2007, 12:40 AM
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 Eh, just toss in some Viagra, that'll fix it. It's what India is for - cheaper than your employees and cheaper than the new technology! In the long run though, technology is probably the better investment because it is more predictable than a human laborer; and Indian labor costs (plus the cost of out-sourcing the operation) will slowly rise as India develops. (then we can lobby our government into bombing another place into the stone age so we have a ridiculously cheap work force to utilize all over again!)
__________________ "Speak your mind, even if your voice trembles."      |
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06-12-2007, 11:05 AM
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| perhaps an alternative scenario A presentation is due the next day being prepared by yourself and co-worker. You are working late putting the finishing touches on it. You realise your colleague has has not taken some specific costs into account when making the forecast, or a syntax error in the code of some new software or (insert relevant career limiting screw up here). Your colleague is your biggest threat for a promotion. Everyone concerned will know that it would be your colleagues mistake and would be no fault of yours. You have the skills to fix the error. do you fix it before the presentation and say nothing or let the screw up happen and let the co-worker take the heat. ok now think about these 1)your colleague has a history of these mistakes and you're sick of cleaning up after them 2)you know your colleague to be much more talented than yourself 3)your co-worker is sleeping with your bosses partner 4) your colleague is the bosses wife's niece/nephew 5) your colleague has their own fledgling business which you know will take off shortly 6) your colleague is a friend you met at toastmasters and was instrumental in your employment at the company. Is ethical behaviour subjective? |
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06-16-2007, 10:30 PM
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| [quote=Shamou;79538]Here is a hypothetical scenario: You work for a privately owned company and discover a way that the same amount of production can be done with half the manpower. You talk about this to the owner and he tells you that if you implement your technology… he will make you a full partner… which means a huge financial reward for you. However, if you do it, you know that half of your friends and co-workers will lose their job and that since most of these people have been there for over twenty years… What do you do…??? Forge ahead and reap the reward… or squelch your project… and save your friends and co-workers… (No other option is available) [quote] Interesting hypothetical scenario you have here Shamou. First, I would of course move ahead with the new technology after inspecting the books and negotiating carefully just what powers and liabilities I would be taking on as full partner. Oh, and if I didn't like what I saw I'd see if I could sell the idea elsewhere. Second, there are never just two options in life, especially in business. I'd consider myself a pretty poor businesswoman if an either/or solution such as this was the best I or my staff could come up with! In the short term (provided the technology turnaround needed to happen quickly I'd cut all staff to 20 hrs with same pay and benefits secure for a predetermined time period) while simultaneously conducting reviews of all employees and laying off those are not productive. During this time I’d be figuring out how to get the remaining employees engaged in a profitable enterprise with the assumption they’d be highly motivated to help management figure out just what the said profitable enterprise would be… PS. I know this can be done successfully because I’ve done it before.  And while I might not fit in at Harvard I do fit in in life...  [quote=JohnPlace;79608]If your company can get the same amount of work done with half the people, you owe it to your stockholders to make cuts. However, there is flip side here. Human beings are usually a company's most important and most expensive resource. The cost of replacement is very high. And the cost of low morale among those who avoid the lay-off could also be quite high. QUOTE] If it is a privately held company there are no stockholders to worry about. The main financial worry would be if you have enough cash on hand to see you through the transition. JohnPlace I completely agree on people being the most important and most expensive resource. Also, they are people… I have no idea why my quotes didn't work. Blah!
__________________ www.jenny-and-erin.com ~ join two friends on a tongue-in-cheek quest for understanding... Last edited by Jenny : 06-16-2007 at 10:35 PM. Reason: Note about quotes |
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06-16-2007, 10:48 PM
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06-16-2007, 10:55 PM
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| Shamou, Not to be disagreeable but that's how I replied. When you say "having the eye of the tiger" certainly you don't mean that only someone who follows the "rules" you've outlined exactly would have it? I meant it when I said I don't believe there are only two options ever in life and especially in business. I put my own experience because I felt a general condescension towards the other repliers who said they cared about the people not just the money. Look at a someone such as Warren Buffett and compare him to Donald Trump. There is more than one way to chase success and in your words to "have the eye of the tiger".
__________________ www.jenny-and-erin.com ~ join two friends on a tongue-in-cheek quest for understanding... Last edited by Jenny : 06-17-2007 at 02:33 AM. Reason: changed misspelling |
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06-16-2007, 11:09 PM
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However, what I have been able to learn from the so-called "success" that I read about... or met in person was that in business as in professional sports, you play to win if you want to win... . |
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06-17-2007, 12:45 AM
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| Barking up the wrong tree! Quote:
 Time to learn some new tricks  |
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06-17-2007, 01:21 AM
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And as far as Warren Buffet is concerned... I did read up a little on the guy and I find him as boring as rain on a Monday morning... sorry... he does not turn me on... I paid my dues... I got the rewards... now it's fun time... . |
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06-17-2007, 02:09 AM
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'Jenny... this thread was not designed to find out how smart or how nice people are ... but to find out if they have the "eye of the tiger"... or that touch of greed that is almost a prerequisite to stardom in the business world... or to put it into Donald Trump's words, "Nothing personal... it's just business...' and: 'However, what I have been able to learn from the so-called "success" that I read about... or met in person was that in business as in professional sports, you play to win if you want to win...' The original question was, 'How far would you go to succeed financially… ???' Obviously you have found your own, and Trump's etc limits and answer. Why should they be taken as the ultimate guide to others? Others have their limits. As you demonstrate, and state, each individual's personal choice is the most important factor for measuring financial success, not the amount of money earned. Your argument highlights that people's happiness counts, not money, in determining the ultimate financial success. Otherwise you would overcome your boredom and indifference, get 'the eye of the tiger' and do what it takes to emulate the pinnacle, Warren Buffet. |
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06-17-2007, 05:00 AM
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As far as Buffet is concerned... I am very glad that you can see him as a role model and mentor... and I hope that he can inspire you to get whatever it is that you want out of life... May the power stay with you... . |
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06-17-2007, 07:30 AM
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06-17-2007, 10:29 AM
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That way everyone wins...
__________________ When people see things as beautiful, ugliness is created. When people see things as good, evil is created. When the way is forgotten, 'morality' and 'piety' need to be taught. -Dao De Jing, Chapter 2 |
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06-17-2007, 10:38 AM
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06-18-2007, 09:38 AM
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| Jenny, nicely managed on the hours cutback and performance review. That's often the hardest thing about slimming down an operation, identifying the fat to cut. |
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06-18-2007, 02:13 PM
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Your comment seems to imply that the market for your product is a closed system. But it almost certainly isn't...
__________________ When people see things as beautiful, ugliness is created. When people see things as good, evil is created. When the way is forgotten, 'morality' and 'piety' need to be taught. -Dao De Jing, Chapter 2 Last edited by Keith : 06-18-2007 at 09:28 PM. |
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06-18-2007, 10:58 PM
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| I agree, if you are in the business of manufacturing good in an emerging market such as you have pointed out there are massive increases in the size of the market. These generally occur over a longer period of time and only after the entire industry has changed. Every emerging technology is the same, dvd players, mobile phones, microwave ovens, TV's ballpoint pens... These changes are longer term. It takes the market some time to respond to the drop in prices and then the manufacturers some time to respond to the increased volume to drop prices again and so on... I felt this situation was purely discussing the short term ramifications of the actions. There's no doubt with a strong management team who clearly seem to be pioneering new technology, in time will need more staff than they did before the initial technology was implemented. |
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06-20-2007, 06:59 AM
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| I'd move forward. The ladder of success is NEVER crowded at the top. If it was, it would no longer be the ladder of success. As a result, somebody would put up a new one and start climbing.
__________________ Doing my best... |
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06-20-2007, 02:41 PM
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06-25-2007, 04:22 PM
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| I would put the new technology into action as soon as possible. with the money we would save, I could help more people that are really in misery. Some poeple are dying because thy have no food right now, I don't care about if one of my friend will be in obligation to stop playing golf during his vacantions.
__________________ www.intelligence |