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To Move Ahead You Have to Know What to Leave Behind

To Move Ahead You Have to Know What to Leave Behind

by Nick Tasler  |  12:00 PM August 7, 2013

Decisions are the most fundamental building blocks of successful change in our organizations, our teams, and our careers. The faster and more strategically we stack those blocks, the faster and more successfully we achieve change. Yet, change efforts often stall precisely because those decisions don’t happen. The question is why?

Avoid Changing By Addition. The Latin root of the word “decide” is caidere which means “to kill or to cut.” (Think homicidesuicidegenocide.) Technically, deciding to do something new without killing something old is not a decision at all. It is merely an addition. When an executive announces that her business will change to become a luxury service provider, technically it is not a decision until she also states that they will not provide low cost services to price-sensitive customers anymore. When a sales manager declares that his strategy this quarter will require his salespeople to spend more time strengthening existing customer relationships, he has only made an addition until he also declares that they should spend less time on something else like hunting for new prospects. Your palms might be sweating at the mere thought of telling your team to ignore some group of paying customers or to not spend time hunting for new business, even if you really want to see the change happen. Research has shown that making tradeoffs is so mentally exhausting that most people try to avoid them whenever possible. That’s why a manager who is no stranger to long hours and hard work will escape the discomfort simply by piling on new change objectives without killing any of the current priorities. But this change-by-addition approach can be a death blow. Read more of this post

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Why Quitters Win: Decide to be Excellent

Why Quitters Win: Decide to be Excellent [Paperback]

Nick Tasler (Author)

Why Quitters Win

Publication Date: September 10, 2013

What is your strategic direction?

Why are some necessary changes so hard to make?

Are you pursuing too many top priorities?

How do you avoid irrational traps without getting bogged down by over-analysis?

Why Quitters Win reveals why Nick Tasler s elegantly simple 3-part Strategic Behavior framework is already driving excellence for everyone from Fortune 500 executives and middle managers to busy moms, small business owners and church leaders.
Decades of research in social science and business strategy, as well as Tasler s own findings from surveying the decisions of hundreds of thousands of working adults reveal that the most successful people, teams, and companies are not those with access to the widest variety of opportunities or the steadiest supply of creative ideas. Surprisingly, the opposite is true. Too many exciting opportunities, good ideas, and top priorities erode our focus, confuse our teams, and keep us swirling around on a plateau of mediocrity.
Why Quitters Win addresses these critical topics with a brilliantly simple approach that has the power to profoundly change your life one decision at a time. Read more of this post

Monasteries decline as TV and smartphones grip Bhutan; monastic materialism also to blame for a decline

Monasteries decline as TV and smartphones grip Bhutan

Thursday, August 8, 2013 – 12:57

AFP

THIMPHU, Bhutan – Kencho Tshering, a red-robed Buddhist monk, takes a call from the King of Bhutan’s office, then duly dashes off to start a ceremony praying for a break in the monsoon rains. But while he may be on speed dial for royal requests, the clout of his fellow monks is on the wane in the remote kingdom as it absorbs the impact of technology and democracy as well as an abuse scandal. “Bhutan is changing. The monastic body is going down and down,” Tshering told AFP at Dechen Phodrang, the monks’ school where he is principal, which is perched with majestic views over the capital Thimphu. “Even for senior monks, there’s no respect in the city,” he sighed. Read more of this post

Hong Kong Ex-Minister Gets Suspended Sentence for Fraud

Hong Kong Ex-Minister Gets Suspended Sentence for Fraud

Hong Kong’s former development secretary Mak Chai-kwong received a suspended sentence for his role in defrauding the government of more than HK$700,000 ($90,249) of housing allowances during the 1980s. District Court Judge Johnny Chan gave Mak and former assistant director of the highway department Tsang King-man sentences of eight months each, suspended for two years. Mak and Tsang were convicted in June of concealing that they had an interest in apartments that they leased from each other’s wives in order to claim the allowances. Read more of this post

South Korea Sees Creativity as Key to Growth

August 8, 2013, 4:41 PM

South Korea Sees Creativity as Key to Growth

By Jaeyeon Woo

The South Korean government unveiled this week a set of long-term plans to foster creative talent, which the government considers one of the most important factors for the country’s future growth. The decision came amid the acknowledgement that the current education system is not conductive to producing out-of-box thinkers. “The government realized the education and hiring environment of today has its limitation in encouraging creative talents,” read a statement released by the Ministry of Science, ICT & Future Planning, Ministry of Education and Ministry of Employment and Labor on Wednesday. Read more of this post

Monks to Lip-Jobs to Help S. Korea Lift Revenue for Welfare

Monks to Lip-Jobs to Help S. Korea Lift Revenue for Welfare

South Korea plans to tax monks and cosmetic surgery on lips, jaws and ears, as it digs for fresh revenue to cover rising social welfare costs.

The proposed changes would add a 4 percent levy on religious honorariums from 2015 and a 10 percent value-added tax on cosmetic surgeries from next year, the finance ministry said in a statement today in Sejong. The plans would also change tax-deduction rates on spending on medical and education expenses from next year, shifting the burden toward higher-income groups. Read more of this post

Pearson Said to Seek Up to $500 Million for Mergermarket which has $150 Million in sales with more than 500 journalists and analysts to offer financial news and information to clients including banks and hedge funds

Pearson Said to Seek Up to $500 Million for Mergermarket

Pearson Plc (PSON) is seeking as much as $500 million for its financial-information division Mergermarket Ltd., with first-round bids due by the end of September, according to people with knowledge of the matter. The company sent information on the business to potential buyers last week, said two people, who asked not to be identified because the information is private. Private-equity firms including Warburg Pincus LLC are among the interested parties, the people said. Mergermarket posted about $150 million in sales last year, Pearson Chief Executive Officer John Fallon said at the company’s earnings meeting last month. The company, which has more than 500 journalists and analysts globally, was founded in 2000 to offer financial news and information to clients including banks and hedge funds, according to its website. Read more of this post

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