Do managers need management training to be effective?

Absolutely, but that is not to say most people do not learn on the job. Teaching management is like teaching art, it is an art.  You can study and learn foundational principles, but practice is required to get good.  I recommend reading several books by Peter Drucker first. Especially The Daily Drucker.

There is so much to the art of management that comes only with experience. But you will learn foundational principles and philosophy from these texts.  Key systems, for good management, include:

A) A regular meeting and Management By Objectives process (MBO = specific goal setting).  Some call this OKR now, but it is the same thing, really. This is key to corporate productivity. Research shows a 56% impact on enterprise value creation. That is HUGE! 

B) Having a dashboard with clear metrics (KPIs) that are all “owned” by someone and directly tied into the corporate strategic plan. Needed when > 7 people involved in a company or department,...

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What are some common misconceptions people have about raising capital?

1. Thinking it is easy. It will typically take 3–6 months of full-time effort. 80% will fail.

2. That the “Idea” is worth something. It is not worth $0 because anyone can copy an idea and do better at marketing, sales, product development or just dump capital on that idea  

3. Thinking VCs are the best source, they are the worst for 90% of businesses. They finance at most 1 in 200 plans and represent a tiny percentage of business financing. A narrow niche of rapid growth, technology based companies mainly.

4. A company has value on day #1. It does not!  Value and pre-money valuation come from team + plan + market research + product development. Investors generally put money in only AFTER value is created.

Learn more about our Growth and Scaling (GSP)
Certification program for Managers

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company and team need to scale better

 
 

The pitch deck...

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Are You Losing Money on Graduate Degrees?

A new report finds that STEM programs and professional degrees often pay off, while those in arts and humanities frequently do not. Many M.B.A. programs also offer a negative return on investment.

It’s no secret that some advanced degrees don’t pay off. But a new report from the Foundation for Research on Equal Opportunity offers some surprising insights—including that 60 percent of M.B.A.s and other business-related master’s degrees fail to provide a positive return.

The report, “Is Graduate School Worth It? A Comprehensive Return on Investment Analysis,” analyzes data for nearly 14,000 graduate degrees—11,600 master’s degrees plus 2,300 doctoral and professional degrees—at 1,441 universities.

“I think one of the biggest takeaways is the results for master’s degrees. We find that 40 percent of master’s degrees show negative ROI, that they do not have financial value after accounting for the cost of...

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Does a Startup Need Lots of Capital to Become a Big Company

How to start a company with far less capital and also make more money in the process

Venture capital investors need to put BIG dollars to work and have a short time frame (5-7 years typically). THEY need startups to move fast. And, yes, if you have 5–10 competitors getting market share then more invested capital will pay off. However, the smartest founders take another approach and raise less money at higher valuations later.

This alternative is a multi-step market entry strategy where a startup starts in a smaller niche to get some traction, proof of concept and cash-flow. Which they should always try to do anyway. The niche targeting requires less marketing and sales expense and gets higher sales conversion and ROI. Then they expand the target market with more/better product(s) or by selling in other markets (niches or verticals). Building a portfolio of niches and/or product before they go head-to-head with bigger competitors

You do not need $50 million in investment...

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10 Of The Most Affordable EMBA Programs and their Costs

The cost of an Executive MBA could set you back substantially, but it doesn't have to. Here are 10 of the most affordable EMBA programs.

Choosing to study an Executive MBA (EMBA) isn’t cheap. The world of graduate management education demands high fees in exchange for the return on investment you see if you work hard during your degree.

But going to business school to gain the experience and skills needed for executive leadership doesn’t have to break the bank. Although Executive MBA programs do tend to lean on the expensive side, not all the world’s top programs will set you back six figures.

Here are 10 of the most affordable Executive MBA programs, according to the Business Because Special Report, Executive MBA Insights: 10 Leadership Challenges For 2022.

10. Santa Clara University’s Leavey School of Business
Executive MBA cost: $111, 715

In at number 10 is the Executive MBA at Santa Clara University’s (SCU) Leavey School of...

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The Brain of An Elderly Person

It's NOT what you've thought!

By New England Journal of Medicine

The director of the George Washington University College of Medicine argues that the brain of an elderly person is much more plastic than is commonly believed. At this age, the interaction of the right and left hemispheres of the brain becomes harmonious, which expands our creative possibilities. That is why among people over 60 you can find many personalities who have just started their creative activities.
Of course, the brain is no longer as fast as it was in youth. However, it wins in flexibility. That is why, with age, we are more likely to make the right decisions and are less exposed to negative emotions. The peak of human intellectual activity occurs at about 70 years old, when the brain begins to work at full strength.


Over time, the amount of myelin in the brain increases, a substance that facilitates the rapid passage of signals between neurons. Due to this, intellectual abilities are increased by 300%...

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Start me up: 2021 is on course to be a record year for new businesses

By Gene Marks 

Amid the economic upheaval of the pandemic, it may seem counterintuitive that startups have reached unparalleled levels

Silvette Bullard works as a school counselor by day and bakes several nights a week and weekends at home for customers. She launched her Julobell Bakery in June 2020.
Silvette Bullard is a school counselor by day and bakes in her spare time for customers. She launched her Julobell Bakery in June 2020. Photograph: Robin Rayne/Zuma Wire/Rex/Shutterstock
 

There have been more new businesses formed so far this year than ever. Literally ever.

A year ago I wrote about the surge in startups, 12 months later the trend has continued in a big way. According to data from the US Census Bureau analyzed by the Economic Innovation Group, there were about 1.4m new startup applications filed with the government through 30 September 2021. That’s compared with 1.14m during the same period in 2020 and 987 thousand in 2019. Every year before had been significantly less.

“With three months left in this unparalleled year, it now seems almost certain that the elevated pace of...

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Investment on Workforce Development

By Paul T

Purpose: This summary presents an actionable point of view that will result in tangible benefits for those who apply it to make and implement decisions related to investments in Workforce Development.

Process: Workforce Development was the focus of six 45-minute conversations on December 9, 2021. Each conversation used a consistent lens of “Benchmarking” with stimulus from the writings of Peter Drucker and each had a varying perspective with insight inspired by Open Minds. A guest with expertise was invited to be part of the conversation.

The summary created below from post-Forum dialogue between The Path and Georgia LEARNS Now that leveraged our perspectives on the human side and business side of Workforce Development. It is available to those who ask to receive it to be reviewed in private conversations as requested.

Sessions

Time

Main Topic

Topic Details

Speakers

Session 1:   

...

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M.B.A Starting Salaries Are Soaring

The University of Chicago’s Booth School of Business reported the median salary for this year’s graduates grew $5,000 to hit $155,000.

Pay for business-school graduates rebounded to new heights this year after flat lining early in the pandemic.

Salaries for newly minted M.B.A.s are hitting record highs as consulting firms, banks and technology companies lure top business-school graduates into their ranks in a tight labor market.

Both the Wharton School of the University of Pennsylvania and the University of Chicago’s Booth School of Business reported the median salary for this year’s graduates grew $5,000 to hit $155,000. It was Wharton’s highest-recorded median base salary, with 99% of students seeking jobs receiving an offer. Duke University’s Fuqua School of Business said the average annual salary for its M.B.A.s rose 4% compared with last year to more than $141,000—also a new high.

Pandemic-related management challenges, from...

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MBA Student Testifies In Rankings Fraud Trial

‘I Paid For Fine Dining, But I Got McDonald’s’: MBA Student Testifies In Rankings Fraud Trial

Kristy Bleizeffer 

Ousted Temple Fox Dean Moshe Porat

After nearly three years and almost $120,000 in federal loans, Ibrahim Fetahi says his degree from Temple University’s Richard J. Fox School of Business and Management is not worth the hefty investment nor his nearly $100,000 in outstanding debt.

“In my mind, I paid for fine dining, but I got McDonald’s. Yes, I got food, but I didn’t get the quality I paid for, or the service,” Fetahi testified today (November 10) in the federal criminal trial of Moshe Porat.

Porat is the former Fox dean

accused of cheating on several U.S. News & World Report rankings, leading to four consecutive national No. 1 online MBA rankings before the scheme unraveled in January 2018. The trial resumed today (November 10) in the Eastern District of Pennsylvania district court following...

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