Tag Archives: career

Ma and Chenault: An Interview with 7 Major Points

18 Jul

Jack Ma, who started life with very little, is now one of the richest people in the world. He is the  founder and executive chairman of retail behemoth Alibaba Group, which generates hundreds of billions of dollars each year.

In an interview with Kenneth Chenault,  chairman and chief executive officer of American Express, Ma enumerated seven key points. These points are valuable to those at any point in their careers:

  1. Rejection comes with benefits. “When Ma graduated university, he applied to 30 different large companies — and no one would hire him.  So, he started a translation agency, earning $50 his first month. Years later, in 1999, he gathered 17 investors in his apartment, explaining to them his vision to use the Internet to help small-business owners sell. With $50,000, they started Alibaba.”
  2. Get your business global. “Innovative products and services bring those small and medium-size companies to China. I would say China, in the next 20 years, will become the largest importer country in the world because China’s resources can never support such huge demand.”
  3. Don’t wait to innovate. Ma said: “Repair the roof while there is still sunshine. “When the company is good, change the company. When the company is in trouble, be careful. Don’t move. Just like if the storm comes, don’t go up and repair the roof.”
  4. Learn from the failures of others. “For Ma, it’s the mistakes that business owners should really learn from. ‘A lot of people fail for the same reason. If you know why people fail and you learn [from] that, you can make a correction.'”
  5. Be passionate. “If you’re just in the business for money, you’re going about it wrong. Ma and Chenault both emphasized the need for passion in what you do, and agreed that that fervor is a hallmark of successful small-business owners.”
  6. Customers come first. Ma said: “The ones supporting you are not the shareholders. Not government. It’s the customers, the people, the employees. Focus on the customer. Focus on making employees happy. And focus on integrity to everything you’re committed. That is the only thing.”
  7. Help build strong leaders. “If a business is to continue after the owner has moved on, the younger generations must understand and embrace its vision and values. ‘Give them the chance to make mistakes. Listen to them. Respect them,’ said Ma.”

 
Click the AP Photography image to read more.
 

 

Getting Off a Bad Career Path

11 Jun

We all aspire to great careers — with jobs that we find fulfilling, that have cooperative workmates, that have bosses who respect us and our abilities, that have the potential for upward mobility, and that compensate us fairly.

So, happens when our career goals are not being fulfilled?

Here are some observations from By J.T. O’Donnell, Founder and CEO, CareerHMO.com — writing for Inc.:

Step 1: Get clear on your pivot. You need to choose a new career direction based on the facts. What problems do you want to solve? What skills do you want to leverage? How do you want to provide value to an employer?  The more specific you can be about your new career direction, the easier it will be to connect the dots and get a new job doing what you want.” [Click the preceding link to access a free quiz.]

Step 2: Create an ‘interview bucket list.’ A targeted, proactive job search always produces better results. When you identify the companies you would most like to work for, you can build a job search plan that lets you work smarter.” [Click the preceding link to access interview bucket list tips.]

Step 3: Make new career friends. It still holds true that 80 percent of all jobs are obtained via referral. If you are changing careers, you need to meet people who are working for the companies on your interview bucket list.”

Step 4: Seek a ‘lily pad’ job. Getting a job at a company that has the kind of career opportunities you want to move into might start with you doing something for them that leverages the skills you gained in the career you’re trying to get out of. Once you’ve got your foot in the door, you can use your professional savvy to impress the employer into giving you a shot at doing what you really want to do.”

 
 
Click the image to read tips from O’Donnell regarding each of the above steps.

CREDIT: Getty Images


 

Part Two. Being Happier at Work: An Infographic

7 Jun

As we posted yesterday (“Part One. Being Happier in Life: An Infographic”), one of our key life goals should be happiness, a state of well-being and contentment. This applies to our work lives — not just our personal lives. So again, a good starting point is to ask ourselves how happy are we in our career path and in our current job? Do we understand our level of work-related happiness? What can we do to be happier at work?

According to Happify: “What do the people who are most satisfied with their jobs have in common? Learn these insider tips for being happier and more fulfilled during your 9 to 5.”

Check out the Happify infographic on happiness at work.
 

 

A Product Management Infographic

27 May

What are the biggest challenges facing product (brand) managers?

Recently, the 280 Group conducted a comprehensive survey of product managers: “The results contain data from over 850 Product Managers and Product Management team leaders about the biggest challenges faced in their organizations. The final report also includes recommendations for how to avoid the most common challenges faced.”

Click the image for a larger version of the infographic. And click here, to download the full report. [You must provide a working E-mail address. The report is free.]


 

Self-Branding Across Roles and Life Stages: Part 3

19 May

Recently, Zarb School of Business Distinguished Professor Joel Evans of Hofstra University did an extended radio interview with Suzanne Phillips, Psy.D. on self-branding from different perspectives and across our diverse roles. Self-branding — how we see ourselves and how we want to be perceived by others — is a key to long-term personal and career success.

In this post, we are including Part 3 of the interview, which is broken into three parts/posts.
 

 
 
How can you use self-branding to consider what you want to do after college?

  • Click on the self-assessment test URL at the Radio America page for this program. http://goo.gl/Fwdy9r
  •  

How can you use self-branding after retirement?

  • We have to first ask ourselves what we want to do in our retirement? Be a volunteer, travel more, work part-time, be more active as a grandparent, serve on local boards, etc.?
  • For each of these roles, we need a different (and maybe new) self-brand that we can project to others.
  • Our self-brand should be reflective of the role we are pursuing.
    • Here’s a personal example. I’m reaching the point where I am thinking about retiring from my full-time job in a couple of years.
    • My wife thinks I’ll go crazy in retirement (HER perception of my self-brand).
    • On the other hand, I have a good idea what I want to do then, as I recast my self-brand. I want to teach a graduate class at least once a year. I want to do volunteer work for a health-related nonprofit organization. I want to stay active in social media. I want to keep going to the gym and mingling with people there. I’m sure that as the time approaches, I will come up with more “to do” items. [Besides traveling more]
    • No matter what, I will have a strong impact on how others see me.

 

Self-Branding Across Roles and Life Stages: Part 2

18 May

Recently, Zarb School of Business Distinguished Professor Joel Evans of Hofstra University did an extended radio interview with Suzanne Phillips, Psy.D. on self-branding from different perspectives and across our diverse roles. Self-branding — how we see ourselves and how we want to be perceived by others — is a key to long-term personal and career success.

In this post, we are including Part 2 of the interview, which is broken into three parts/posts.
 

 
How can you translate your self-brand into a resume?

  • Join LinkedIn and browse through the profiles of others in the field you would like to have a career. Look at their descriptions of themselves.
  • Always do multiple drafts of a new resume and show them to people you trust. Include key words that are included in each job description.
  • You should always articulate your self-brand at the top of a resume. ( How – an example) Again, include buzz words from job descriptions.

Senior professor at Hofstra’s Zarb Business School. Long-time consultant. Leading textbook author. Active blogger & LI group manager. Motivated teacher. Frequent speaker. (22 words)

  • The resume should be modified to fit the job description. This is 2016, not 1976. There is no excuse for not modifying your resume to the position sought.
  • A self-brand statement should reflect the stage of your career that you are in currently.

 

Self-Branding Across Roles and Life Stages: Part 1

17 May

Recently, Zarb School of Business Distinguished Professor Joel Evans of Hofstra University did an extended radio interview with Suzanne Phillips, Psy.D. on self-branding from different perspectives and across our diverse roles. Self-branding — how we see ourselves and how we want to be perceived by others — is a key to long-term personal and career success.

In this post, we are including Part 1 of the interview, which is broken into three parts/posts.

 

  • These are some factors to consider:
    • You must have a clear sense of your self-brand.
    • What are my short-term and long-term career and personal goals?
    • How close am I to reaching these goals?
    • What specific activities must I engage in/do (in each role and life stage) to reach these goals?
    • When I set my self-brand for each role & life stage, is it perceived that way by others? Can others get beyond stereotypes? Often, others do not see us as we see ourselves.
      • If I relate this to myself, I know there are clear differences in how I view myself and how others view me – and this has evolved through my own life stages and roles undertaken.
      • Today, I am a senior citizen by virtually every definition and seen as such by some others; but I don’t see myself that way.
      • For example, as a professor, even though I am the “old guy,” I run three blogs and I’m very active in social media. So, clearly, the stereotype about seniors and social media doesn’t apply to me.
      • Also as a professor, I understand that my students today see my gray hair, wrinkles, and bald spot and do not relate to me the same way now as they did when I started teaching. To address this, I wear loud and colorful ties and socks with fun patterns (such cats’ faces), and I show a lot of videos.
      • In another recent role, as father of the bride, my friends and family saw another side of me. But it was the other side that I wanted them to see.
    • Authenticity is imperative for a self-brand to be perceived as desired by others. Faking won’t cut it.

 

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