Small Business Articles from 7/17/08

Skills conversion key to business success in Africa Written by Macharia Waruingi and Jean Njoroge
Artisans at Gikomba Jua Kali market in Nairobi. The art of discovering what local people know is the first step in knowledge conversion.
July 17, 2008: The competitiveness of a company depends on the ability of the workers to convert and exploit knowledge. In fact, the rapidity with which an organisation can convert and exploit local knowledge is critical to the success of the organisation. Indeed, ability to convert and exploit local knowledge fundamentally determines whether the company will succeed or fail. At a higher level, a nation’s ability to convert and exploit local knowledge is critical to its development. This argument establishes the critical nature of the art of knowledge conversion in business and national development. Peter Senge, the author of the Fifth Discipline: The Art and Practice of the Learning Organisation referred to organisations that master the art of converting and exploiting knowledge as learning organisations. [Rest of article…] Forstmann: Credit Woes to Worsen
Wednesday, July 16, 2008 1:52 PM
If you think the credit crunch is bad now, wait — you ain’t seen nothing yet.
So says Theodore J. Forstmann, co-founder of Forstmann Little & Company, a private equity firm which was once the world’s most successful. Until 2005 Forstmann was also a member of the elite Forbes 400 richest Americans list.
“We are in a credit crisis the likes of which I’ve never seen in my lifetime,” Forstmann told The Wall Street Journal in a recent interview. [Rest of article…] Great Article!! Mirror, Mirror
By The Star Makers Group Marilyn Lustgarten
ROCKLAND (July 16): In the early 20th century, G.K. Chesterton, historian, literary and social critic, and one of the most prolific writers of the time was invited, along with several other eminent authors, by The Times to write an essay on “What’s Wrong with the World?” His now famous essay was brief, “I am.” Sincerely yours, G.K. Chesterton.
Unfortunately, when things go wrong in an organization, a typical reaction is to blame everyone else rather than take an introspective view of the consequences of our own behavior and decisions. Interesting, when you consider so much has been written and concluded about the wisdom of doing just the opposite! For example, Stephen Covey’s now classic list of Seven Habits of Highly Effective Leaders starts with “be proactive, trust others, blame yourself” [Rest of article…] The art of leadership
I’m hearing a lot of interest in leadership development these days. Last year, both The Economist and Fortune magazine ran articles on the importance of building leaders in organisations. Not too long ago, I was meeting with a friend who has been in the HR field for many years.
She told me that she thought many companies looked for and tried to develop leaders in a certain mold. I think she is right, many companies do just that. And I think they are short-changing themselves when they do so. [Rest of article…] Standing out in the crowd is key to building your brand, but knowing when to say no to growth is equally important
Posted July 16, 2008 —By Robert Kiyosaki, who is the author of the Rich Dad series of books, is an investor, entrepreneur and educator whose perspectives have changed the way people think about money and investing.
Much has been written about the importance of brands, especially in this crowded, competitive world. If you’re not a brand, you’re just a commodity: There are computers, and then there are Apple computers. Two types of brands exist: corporate and entrepreneurial. An example of a corporate brand is Lexus, the brand for people who want to pay more for their Toyota. Examples of entrepreneurial brands are Michael Dell, Enzo Ferrari, Henry Ford, Ferdinand Porsche and Donald Trump. For these entrepreneurs to build their brand, they must first be the brand. Their unique character is projected through their business, products and brand message. When I meet with Trump, the moment I enter the lobby of Trump Tower, my senses are overwhelmed by the Trump message, Trump experience, and ultimately, the Trump promise. [Rest of article…]

At Aepiphanni Business Solutions, we are dedicated to serving the needs of small business owners. We specialize in helping you develop strategies for your organization, and are committed to your success. If you have further questions about creating your strategy or developing your vision, please give me, Rick Meekins, a call at 678-265-3908, or email us at [email protected].

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Rick Meekins

Rick Meekins is the Managing Partner at Aepiphanni, a Business Consultancy, an Atlanta, GA based small business consultancy that provides Management Consulting, Implementation and Managed Services to business leaders and entrepreneurs seeking to improve or expand operations.

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