From the link: http://www.reuters.com/article/2012/03/30/goldman-smith-book-idUSL3E8EU70Z20120330
I am not going to play a Moral Police Squad member today. I just found this story very interesting. But I am alarmed by the Corporate bashing here by self styled crusaders of morality. I am all for people power. But I feel negative public image about corporations needs to stop and stop now!
A guy gets a job with Goldman Sachs and works for them for 12 years. I presume he made some decent money from salaries and bonuses during those 12 years. I am sure that he did learn a lot from the company and advanced in his career. However, he is not happy with the way the company is being run. He is not happy with hbis superiors. He was bypassed for a promotion - or two. So what does he do?
Instead of taking up the issues with the HR of his company or his superiors, he quits the company. Oh no, not in an ordinary fashion. Not even like the Jet Blue employee who allegedly jumped out of the plane on the ground using the emergency slide. He resigns by maligning the company in a New York Times letter, no less. And causes the company to take a hit of billions in stock price for the day. And then, he goes on media rampage bad mouthing the ex-employer. Finally, he lands a book deal and is now going to write a tell all book about the company.
Talk about eating the cake and having it too!
Now I do not know much about this guy, Greg Smith. I do know about Goldman Sachs. Neither of them are perfect. I know a lot of people indulge in Goldman Sachs bashing. I will not. For me, Goldman Sachs is the company that introduced the term BRIC(S) to the world and N11. Goldman Sachs is the company that thousands of new MBAs from all over the world aspire to work for. It is one of the epitomes of success and achievement for a new grad to work. Of course the company is not perfect. But then, no body is perfect. Nothing is perfect. Perfection is overrated. Excellence is underrated.
Ok, to get back to the topic, this guy Greg Smith, if just using the company to make money. This guy is a RAT and NOT a HERO. If he is truly all about improving the company and not about maligning them, he should give that $1.5 Million to some African charity to save the lives of newborns or young children or provide food, water and medicine to poor Africans who need it. Making money out of maligning an ex-employer who took care of him for 12 years makes him a pimp and not a hero. This guy is no Robin Hood. Hope he does not indulge in Falsehood.
Gerry Som.
Blogger @ www.gerry.in
This blog documents my MBA student life at Ryerson University, Canada (2010-2012). It was an attempt to demystify the MBA experience, help understand MBA topics & encourage MBA wannabes. I have a Pre-MBA blog about B-School application process (and a few other blogs) as well. I used to blog actively in the past and interact with readers regularly, but life got very busy after my MBA. Good luck. Take care. Cheers! Gerry.
Sunday, April 1, 2012
#Marketing: If customers do not come to you, YOU have to go to THEM! (Modified RV Hair Saloon a big hit in Silicon Valley!)
This is a rule that I have firmly believed in, even while I was practicing Medicine in India and the Middle East. Customer is KING. A business runs because of the customer. Do everything it takes to keep the customers happy.
At the same time: If the customer does not come to you, YOU HAVE TO GO TO THE CUSTOMER!
So here is my rule of Business (Let us call it "Gerry Som's Rule of Business"):
Front End (Marketing) ---> Customer is King!
Back End (Accounting & Finance) ---> Cash is King!
Here is an interesting story from the link: http://www.thestar.com/news/world/article/1153636--at-google-headquarters-in-silicon-valley-the-hairstylists-come-to-them?bn=1
From a distance, it looks like a long-haul moving van: a 10-metre, multi-wheeled, boxlike behemoth parked inside Google’s world headquarters. But this refitted 2000 Winnebago Brave houses a unique Silicon Valley innovation: the hair salon on wheels. Onsite Haircuts has three vehicles coursing across California highways every work day, bringing haircuts to customers at work.
“We’re here at least twice a week,” Amy Acob explains above the din. “People like the convenience. They like not having to leave the site.” In Silicon Valley, time — and hair — wait for no man. The brainiacs at Google and other high-tech companies in the Valley — the country’s innovation capital comprised of 40 California cities — view getting haircuts as a time-waster when there’s work to be done. So Onsite has access to the property with the company’s blessing. But don’t confuse this with spa treatment. A haircut costs $20 and takes about 20 minutes. Even a shampoo costs extra. About 90 per cent of the customers are male.
Contrary to the urban myth, Google doesn’t pay for staff haircuts. But some companies do.
Of course, on-site haircuts help keep employees close to their workstations. But it’s also part of a broader, more relaxed corporate culture that helps make the workplace resemble a college more than a factory. Dena Kaufer, the stylist who founded the company in 2003, “was just sick of working nights and weekends,” says Emily Harris, who bought the company last year after spotting it on Craigslist. “She didn’t want a desk job either — so she came up with this brilliant idea of bringing haircuts to the corporate world.” Today the company does between 650 to750 haircuts per month at 13 different sites.
Google is Onsite’s biggest customer; but Silicon Valley stalwarts like Zynga, Genentech, Invidia, Marvell and others are also on board. “People don’t come here to be pampered,” says Harris. “Most people view a haircut as a chore. But by being on-site, we’ve basically got a captive market.”
At the same time: If the customer does not come to you, YOU HAVE TO GO TO THE CUSTOMER!
So here is my rule of Business (Let us call it "Gerry Som's Rule of Business"):
Front End (Marketing) ---> Customer is King!
Back End (Accounting & Finance) ---> Cash is King!
Here is an interesting story from the link: http://www.thestar.com/news/world/article/1153636--at-google-headquarters-in-silicon-valley-the-hairstylists-come-to-them?bn=1
From a distance, it looks like a long-haul moving van: a 10-metre, multi-wheeled, boxlike behemoth parked inside Google’s world headquarters. But this refitted 2000 Winnebago Brave houses a unique Silicon Valley innovation: the hair salon on wheels. Onsite Haircuts has three vehicles coursing across California highways every work day, bringing haircuts to customers at work.
“We’re here at least twice a week,” Amy Acob explains above the din. “People like the convenience. They like not having to leave the site.” In Silicon Valley, time — and hair — wait for no man. The brainiacs at Google and other high-tech companies in the Valley — the country’s innovation capital comprised of 40 California cities — view getting haircuts as a time-waster when there’s work to be done. So Onsite has access to the property with the company’s blessing. But don’t confuse this with spa treatment. A haircut costs $20 and takes about 20 minutes. Even a shampoo costs extra. About 90 per cent of the customers are male.
Contrary to the urban myth, Google doesn’t pay for staff haircuts. But some companies do.
Of course, on-site haircuts help keep employees close to their workstations. But it’s also part of a broader, more relaxed corporate culture that helps make the workplace resemble a college more than a factory. Dena Kaufer, the stylist who founded the company in 2003, “was just sick of working nights and weekends,” says Emily Harris, who bought the company last year after spotting it on Craigslist. “She didn’t want a desk job either — so she came up with this brilliant idea of bringing haircuts to the corporate world.” Today the company does between 650 to750 haircuts per month at 13 different sites.
Google is Onsite’s biggest customer; but Silicon Valley stalwarts like Zynga, Genentech, Invidia, Marvell and others are also on board. “People don’t come here to be pampered,” says Harris. “Most people view a haircut as a chore. But by being on-site, we’ve basically got a captive market.”
Be good with Numbers + Be good with people ---> What you need to succeed in Stock Trading business!
I remember this line from the movie "Pursuit of Happyness":
There are 2 qualities that you need to succeed in Business / Stock Market:
Be Good with Numbers & Be Good with People!
There are 2 qualities that you need to succeed in Business / Stock Market:
Be Good with Numbers & Be Good with People!
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