Enron, Dot Com, and Facebook

Have you ever heard of the company Enron? Enron was a U.S. energy–trading and utilities company that housed one of the biggest accounting fraud in history. Enron’s executives employed accounting practices that falsely inflated the company’s revenues, which at the height of the scandal made the firm become the seventh largest corporation in the United States. Once the fraud came to light, the company quickly unraveled and file for Chapter 11 bankruptcy on December 2, 2001. Everyone went broke and a few of the high ranking officers went to jail. Enron did not have a solid foundation, they were playing the shell game and got caught.

In the early 1990’s there were dot com companies. These companies did not sell any product. They were doing most of their business on the Internet. One of the biggest mistake early dot com businesses made was that they were more interested in attracting visitors to their website than winning them over as customers. In the late 1990s as well as today many businesses were interested in investing in the Internet to expand their market. Early e-commerce though the most important factor was to have as many visitors as possible driven to their website and this would eventually lead to profits for their business. This did not happen for the dot com, because they did not do the proper research and get their visitors to buy in as customers to their advertise product. Research needs to be done on the product that the business is actually trying to sell. The business also needed to research the price of their product. They need to be competitive with the cost of their product compared to their competitors. The Dot Com businesses failed to research their product properly to promote their business and this lead to their failure as a company. You could say that they did not have a real strong customer base. They were playing the shell game via the Internet.

The earlier dot com companies sound so much like the present company of Facebook. I see similar patterns with Facebook. Facebook has grown in less than eight years, to over six hundred million followers. What is the product? The product is advertisements and communication, (sounds like the dot com). Only Facebook did their research and is continually growing by leaps and bound. Facebook is a social utility that connects people with friends and others who work, study and live around them. People use Facebook to keep with friends, upload an unlimited number of photos, share links and video. To learn more about Facebook, view this link, www.facebook.com. Facebook is doing what the dot com companies were trying to accomplish in using the Internet to advertise and make money on their ads. Facebook is selling ads and have created a very large customer base, which has turned into profits. This is because of the venture capitalist who are investing in a company that have a strong product base. I hope that Facebook continue to strives and do well and does not end up like the dot com companies of the 1990s."http://amyles-allen-myles.blogspot.com"

My visit to the emergency room.

Have you ever been admitted to a hospital via the emergency room? Well it is quite an experience. Recently I was told by my primary care physician to report to the emergency room after I had an ultra sound test. After I signed in, I was escorted to a room and admitted to the hospital.

I have seen these rooms on the television shows, but there is nothing like experiencing the real thing for yourself. I was shown to a bed and fitted with the hospital attire. I had a nurse assigned to me and to look after me and my condition.

Soon as I hit the rack (bed), then all of the professionals took over. There was a technician who came in and took several viles of my blood, then another technician came in with her portable xray machine to give me an chest xray, then another technician came in with her portable EKG machine to give me an EKG, then my nurse begin a series of shots and taking my vital signs. They were so professional and did their jobs in an outstanding manner. After 3 hours I was transferred to a private room in the hospital.

After arriving to my room another staff of nurses was assigned to take care of me. They began to monitor my condition and give me my medications and shots as required. I spent the next three days in the hospital and was release to come home after my condition was under control. My doctor visited me daily and checking on me as well.

This whole experience was done very well and in a very professional manner. I received outstanding care, I released on the fourth day. After I was release by the hospital and returned home. Three days later I received a telephone call from the hospital, they were calling to see how I was doing. This is quite remarkable, and this warrant being told to others. Too ease your fear of going into the hospital, I was not afraid, because I know that God was with me, every step of the way.
"http://amyles-allen-myles.blogspot.com"

When is it a good time to get your College, Graduate or PhD degree?

When is a good time to get your College, Graduate or PhD degree?

Before marriage or after marriage ?

There are some who would say that you should put off getting married and continue to go on to a higher education. Then there are some who have gotten married and then continued their college education while raising a family and working. I am one of those who got my college degrees after I was married and working at the same time. If I had not have gotten married at an early age, I would have continued on to college, but I was not ready for college at an early age because, I had other things on my mind and I was too busy having fun and traveling around the world in the U.S. Navy. Then there is the question of what college to attend and what subject you wanted to major in, and your profession that would give you the greatest joy. I always had a liking for business, but as the years passed I wish I had chosen Law for my career. I did think about being a corporate lawyer at one time, but I have always had an interest in Accounting and Finance. I guess that is because I was always good in math and with numbers. Besides, the classified ads were always filled with positions for Accountants and Bookkeepers. I was in logistics while serving in the U.S. Navy, which was the closest field to Accounting and Bookkeeping. I would wager that if a survey was taken you would have a 50-50 split on this matter. Then there is the matter of having the funds to continue on to college and beyond. Not everyone is blessed with wealthy parents who will send you to college. So there are pros and cons on this matter. Even the internet does not have the answer nor facebook, or twitter. I am sure someone on one of those sites would agree and others would disagree with my comments. Just remember your journey is filled with choices and more choices. Also remember that whatever you decide, you must live with your decision. "http://amyles-allen-myles.blogspot.com"

Motivation

What motivate you? Is it fear of punishment or denied benefits? Are you able to motivate yourself, or must you depend on someone else to motivate you? These are two questions asked over and over again. Some think that motivation comes from within, and there are others who think that is an outside process.

The word motivation is coined from the Latin word "movere", which means to move. Motivation is defined as an internal drive that activates behavior and gives it direction. The term motivation theory is concerned with the processes that describe why and how human behavior is activated and directed. It is regarded as one of the most important areas of study in the field of organizational behavior. There are two different categories of motivation theories such as content theories, and process theories. Even though there are different motivation theories, none of them are universally accepted.

Of the different types of content theories, the most famous content theory is Abraham Maslow's hierarchy of human needs. Maslow introduced five levels of basic needs through his theory. Basic needs are categorized as physiological needs, safety and security needs, needs of love, needs for self esteem and needs for self-actualization. People with high need of power take action in a way that influences others behavior.

Goal setting theory suggests that the individuals are motivated to reach set goals. It also requires that the set goals should be specific. Reinforcement theory is concerned with controlling behavior by manipulating its consequences.

That sounds like the role of a leader, what is your take on that? It depends on what school of thought that you were subjected to during your earlier years, agree or disagree. You must make your own decision in these matters. Sometime you must think outside of the box, you do not have to agree with everyone, you must choose for yourself. My intention is to make you think for yourself and not because I, or someone else said it was right. There should be some facts or an empirical test performed for the basis for your decision. So I ask you “What is Your Motivation”?
http://amyles-allen-myles.blogspot.com

Leadership

Before we get started, let’s define leadership. Leadership is a process by which a person influences others to accomplish an objective and directs the organization in a way that makes it more cohesive and coherent. Leadership is a process whereby an individual influences a group of individuals to achieve a common goal.

Leaders carry out this process by applying their leadership knowledge and skills. This is called Process Leadership. However, we know that we have traits that can influence our actions. This is called Trait Leadership, in that it was once common to believe that leaders were born rather than made.

Leadership has two important elements and they are; Responsibility and Authority. A good leader must be able to take responsibility and be responsible in all of his or her actions in dealing with individuals. Authority comes along with responsibility, and a leader must accept this role. A good leader must be able to be a good communicator as well as a good listener. In leadership you must also be able to delegate to your subordinates and follow up to ensure that the task was completed. In Leadership you must be able to work with your subordinates as well as your superiors. Hear again good communications is of the utmost important.

One of the best ways to accomplish your leadership duties are to mold your work force into the Team concept. This way you will have buy in from everyone, because it takes a team of individuals molded into a cohesive group working as one element, which is called the Team. You must remember that everyone has a role to play and that everyone is just as important as the other person.

The Team must be motivated and each individual must be motivated as well, this will be discussed more in my next article. http://amyles-allen-myles.blogspot.com

Business Management and Leadership

Management in all business areas and organizational activities are the acts of getting people together to accomplish desire goals and objectives. Management comprises planning, organizing, staffing, leading or directing, and controlling an organization(a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources, and natural resources.

Some definition of management are:

1. Organization and coordination of the activities of an enterprise in accordance with certain policies and in achievement of clearly defined objectives. Management is often included as a factor of production along with machines, materials and money. According to the management guru Peter Drucker (1909-2005), the basic task of a management is twofold: marketing and innovation.

2. Management comprises interlocking functions of formulating corporate policy and organizing, planning controlling, and directing the firm's resources to achieve the policy's objectives. The size of management can range from one person in a small firm to hundreds or thousands of managers in multinational companies.

Because organizations can be viewed as systems, management can also defined as human actions, including design, to facilitate the production of useful outcomes from a systems. this view opens the opportunity to 'manage' oneself, a pre-requisite to attempting to manage others. Management can also refer to the person or people who perform the act(s) of management. Management has been defined as "the art of getting things done through people". http://amyles-allen-myles.blogspot.com