Part 9 - Managing Your Life (Continued)
- Good managers do not repeat a mistake. They may make a new mistake
- Have goals and write them down
- You are "Managing" your life or family or your business, if you set goals and set about to achieve them. A sense of purpose will then guide all your efforts. Otherwise, you merely, "Run" your life, or family or institution, without any direction. You become rudderless
- Set yourself some goals and use your resources wisely to achieve them. Remember, "time" is your most important resource. It is a non-renewable resource and therefore, has to be used efficiently. Any minute spent in doing a non-essential task, is lost to you irretrievably and your resource is depleted to that extent and becomes unavailable for the use of essential tasks.
- It is easy to manage prosperity. Not much thinking or effort is needed. It is far more difficult to manage adversity. The ability to manage adversity is the real key to success
- Every thought, decision and action has consequences. It is unrealistic to expect to escape consequences after a decision or action. They are inescapable. No one is exempt from this rule
- Maintain an efficient information system. "Your decision is only as good as the information you possess".
- Update yourself constantly. In this technological world, you can quickly become obsolete. Obsolete ideas and persons will be left behind, while the world moves forward
- There can never be an output without an input. Input is in your control - output is not. Therefore, it is futile to worry about the output. If you have to worry at all, it is better to do so about the input
- Efficiency equals output over input and can never be greater than one. That is, the input has to be greater (or at least equal to) than the output. This is a fundamental law of Nature
- A good manager has not only to be efficient but has to be effective as well
- To be effective, you have to be aware of the right things to do
The holistic approach to life (Continued)
