Donald Trump Good Manager or Bad Manager
Don Rowe
June 24, 2013
MGT 1010-900
Prof Camper
Donald Trump A Good OR Bad Manager
10 Management Lessons From Donald Trump
1. Work Hard - every speaker at every event like this, but the Don gives this more than the usual lip service. He basically said that everyone he knew that made a lot of money and was successful, worked 7 days a week. He suggested to the audience that if they wanted to succeed, they should be prepared for 80 hour weeks for a long time.
2. "Love" What You Do -- Another platitude, but he spoke about this in a passionate way. He discouraged the audience from joining or switching to a hot "industry" or from going into consulting in favor of getting involved with an industry you love (antiques, baseball, marketing), even if that industry is not currently doing well as a whole. His message was that you will perform so well in your imperfect industry that you will rise above the rest and end up being a star in the top 1% of that industries, but if you joined an industry you weren't passionate about, you'd end up in the 50th percentile of earners in that industry. He thought the pay in the top 1% of a crappy industry (in a job you love) would top the 50th percentile in a hot industry
3. "Know" What You Do, Whatever industry you are in and whatever role you play in that industry, work hard to become a world class expert in it. For example, if you are a macro manager in a security software company, he suggested that you should not just focus on getting good at email marketing campaigns, but that you should become an expert in that security industry yourself, so that you can communicate with all levels of people about the technology simply , so that you can have detailed conversations with analysts, so that you can write credible blog articles, so that you can explain the future competitive dynamics to potential investors, etc.
4. Luck -- According to Don, "The harder I work, the luckier I get."
5. Education -- A huge advantage that is
June 24, 2013
MGT 1010-900
Prof Camper
Donald Trump A Good OR Bad Manager
10 Management Lessons From Donald Trump
1. Work Hard - every speaker at every event like this, but the Don gives this more than the usual lip service. He basically said that everyone he knew that made a lot of money and was successful, worked 7 days a week. He suggested to the audience that if they wanted to succeed, they should be prepared for 80 hour weeks for a long time.
2. "Love" What You Do -- Another platitude, but he spoke about this in a passionate way. He discouraged the audience from joining or switching to a hot "industry" or from going into consulting in favor of getting involved with an industry you love (antiques, baseball, marketing), even if that industry is not currently doing well as a whole. His message was that you will perform so well in your imperfect industry that you will rise above the rest and end up being a star in the top 1% of that industries, but if you joined an industry you weren't passionate about, you'd end up in the 50th percentile of earners in that industry. He thought the pay in the top 1% of a crappy industry (in a job you love) would top the 50th percentile in a hot industry
3. "Know" What You Do, Whatever industry you are in and whatever role you play in that industry, work hard to become a world class expert in it. For example, if you are a macro manager in a security software company, he suggested that you should not just focus on getting good at email marketing campaigns, but that you should become an expert in that security industry yourself, so that you can communicate with all levels of people about the technology simply , so that you can have detailed conversations with analysts, so that you can write credible blog articles, so that you can explain the future competitive dynamics to potential investors, etc.
4. Luck -- According to Don, "The harder I work, the luckier I get."
5. Education -- A huge advantage that is