Food for Thought: The Unwritten Rules of Business Organization

It has been said that to be a great leader, you must also be a good follower.  I believe that means we have to follow the unwritten universal rules that apply to human nature to get the desired outcome.  Like in the world of physics, these rules are like those laws that are discovered and can be used to produce a desired outcome.  Like the law of gravity, originally it was something that was just “there” until someone discovered you can put a measurement on it, and use that measurement and other principles of physics to find velocity and trajectories of objects, that is now used to help engineers design planes.  There are also fundamental laws that can be used and applied in relations and organizations.

            To those that study leadership, a big event has recently happened.  Steve Jobs, Apples founder, is stepping down from being their CEO.  Apple is one of the wealthiest companies on the planet, and it was in the Wall street journal that they are beating out Exxon, who held number one in being the biggest or wealthiest companies in the world. 

            A Wall Street article today went over the history of some fortune 500 companies when their founders passed on the burden of leading a company to someone else.  Companies like Disney, Ford, Wal-Mart, and Microsoft have had a hard time in making that transition.  It was identified that two of the best things to smoothen out that transition is to have already implanted the company’s values in the day to day affairs of the business, and to have started the training of multiple generations of leaders.  For example, Disney, when its founder had his untimely death, went through 20 years where they struggled with getting a really solid replacement, but they still did well for themselves because Walt Disney’s values were already deeply imbedded in the company.  On the other hand, when Walton, the founder of Wal-Mart, left, they had capable leaders which enabled them to keep going, but they experienced problems when they forgot the founding strategies and principles of their founder. 

            I would say that to create something that truly lasts you must follow what I referred to as the “unwritten universal rules.”  Two of which I have spoken about above, about the importance of implanting company values, and training multiple generations of leaders in the company.  These laws are discovered by those who are simply observant and are willing to pay the price to learn.  So, in your endeavors to make something of yourself remember to look for these unwritten rules and be teachable enough to apply them for the betterment of your company and those around you.

Food for thought: Social Media and Small Business

 Here are three powerful statistics taken from an article "7 Interesting Statistics Every Small Business Owners Must know”

• 57% of business have acquired a customer through their company blog.
• The number of markets who say Facebook is “critical” or “important” to their business has increased 83% in just 2 years.
• Companies that blog get 55% more web traffic. (1)

1). See  http://www.siwamet.com/7-interest-statistics-every-small-business-owners-must-know.html for these and more statistics. 

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Birth of an Idea

  Scott Adams, the cartoonist for Dilbert, wrote an article that made the Wall Street Journal of experiences he had in college of how he learned to create something out of nothing.

  That is how the humble beginnings start for many entrepreneurs.  They give birth to an idea, that may stimulate curiosity at first, but then materializes into a a new world.  And thus it is with me.  Come with me on my own journey of stumbling over an idea that at first I thought to be obscure, and I will show you what I have learned and will learn about creating things in theory, and hopefully it will lead us into the exciting prospects of making money, learning a trade, and the learning experience of a lifetime.  My name is Colin.  I am a recent graduate with an accounting major chemistry minor at Brigham Young University Idaho.  I have have stumbled across an idea that bridges the chemistry, accounting, and my eventual hope to go into medicine by supplying researchers with scorpion venom.  Come with me and I will show you a variety of business skills from simple budgeting, to asset protection and tax savings, and we will venture into the wondrous world of modern medical research.