More Change Demands More Leadership
July 23, 2007
More Change Demands More Leadership
by: Jim Clemmer
“Leadership is about coping with change. Part of the reason it has become so important in recent years is that the world has become more competitive and more volatile…doing what was done yesterday, or doing it 5% better, is no longer a formula for success. Major changes are more and more necessary to survive and compete effectively in this new environment. More change always demands more leadership.” — John Kotter, “What Leaders Really Do,” Harvard Business Review
Change is a fact of life. And as the pace of change accelerates, organizations are being pulled in many directions by factors such as new technologies, customer demands, e-commerce, workforce demographics, business model challenges, fierce competition, shareholder expectations, shrinking cycle times, and shifting work ethics. Now, more than ever, organizations need the bonding glue of a strong culture to hold everything and everyone together.
At the core of a high performance culture is a strong leader who knows where he or she wants to lead their organization, but is highly flexible and opportunistic in pulling teams together to try new approaches, to experiment, and to learn (as well as occasionally fail) their way to success…As Winston Churchill put it, “True genius resides in the capacity for evaluation of uncertain, hazardous, and conflicting information.”
Oil Stocks CHK WLL - What Is Their Worth?
July 22, 2007
(1) CHK stock price $16.74, NAV $32.5
CHK is my favorite oil or natural gas stock. Here is updated Net Asset Value (NAV) table from CHK July 2004 earning release:
Table CHK PV-10 per share NAV vs Natural gas price
N Gas price NAV per share
$4.50 $16.11
$5.00 $19.60
$5.50 $23.11
$6.00 $26.61
$6.50 $32.5
PE = 10 or 10% of earning yield is considered reasonable valuation for non-growing business. PV-10 Net Asset Value (NAV) is standard calculation for value of oil or natural gas reserve assuming current production cost and expenses. When N gas price = $4.5, CHK will make $1.611 per share per year true profit with current production/exploration expenses. CHK is worth $16.11 at $4.5 gas price in this case. We can imagine that as if CHK is a bank deposit account, the interest rate is 10%, if we deposit $16.11 principle there, each year we get 10% interest returns or $1.611 interest per year.
For the 1st half of 2004, natural gas price was between $5 and $7 averaging at $6.0. Natural gas price was as high as $9 in later half of 2004. CHK stock price is still below $17 recently and its reported quarterly net income severely under-estimated its true profitability.
All I See Is Growth… How About You?
July 21, 2007
All I See Is Growth… How About You?
by: Daegan Smith
Have you ever wondered why the rich get richer, and the poor become even poorer? How does a man become rich?
Clearly, it isn’t earning all those college and postgraduate degrees. It is all about how you make your money grow wisely and effectively. So, for those who want to grow their money and achieve wealth, here are some ways that you can use in your life:
1. Have the money working for you not the other way around.
In most instances, the average people are inspired by anxiety and materialism, that is, anxiety on having no money to buy his or her basic needs, and the sense of being materialistic or the craving for financial gains so as to enjoy their lives. Here, we can clearly see that most of the people work from dusk ‘til dawn just to earn their blood-earned money.
On the other hand, the affluent focuses on how to manage money, and not the other way around. That is why, instead of looking for money because they greatly need it, they look more on the creative ways to generate money with the least effort required.
Who Is Eligible for a Bad Credit Personal Loan?
July 20, 2007
Who Is Eligible for a Bad Credit Personal Loan?
by: Talbert Williams
It is a myth that you cannot get a personal loan if you have
a less than good credit rating title on your credit history
report.
Personal loans for bad credit are now readily available, and
they not only solve the money problems of people with bad
credit, but also give an opportunity to improve the credit
score.
Personal loans for bad credit require a higher rate of
interest and a higher down payment than the normal loans.
The interest rate on the personal loan for bad credit
depends on the credit rating, the security offered, loan
amount, personal income, and a few other factors.
The loans backed by a collateral security are called secured
personal loans for bad credit; whereas the loans not backed
by a collateral security are called unsecured personal loans
for bad credit.
If the value of the property that is provided as collateral
for the secured personal loan for bad credit is more than
the loan amount, then the rate of interest to be paid can be
Internet and Computer Systems in the FOREX Business
July 19, 2007
With every passing year the interest in electronic trading is bigger, more especially trading shares and currency through Internet. A new profession came forward ? this of the currency dealer. The appearance of this profession was caused by the full force of development of Internet, which enabled the exchange business to be carried over at home or at the office. The electronic platforms offered by banks and investment brokers enables all of us to go in the sea of the financial markets and to start living a difference and unknown by this moment way of life.
The development of the computer technologies, the program security and the telecommunications, as the same as the grown experience, raises the qualification level of the brokers. It it’s turn this raises the belief of the brokers in their own abilities to benefit and to lower the risk while operating. That’s why the higher level of the trading qualification leads to a higher level of trade amount.
Lobster Trapping for Investment Ideas
July 19, 2007
Recently, my family and I took a trip to Maine to visit relatives. During our stay, we toured the rocky shore lines and took in the beautiful architecture of the old towns.
One sunny morning, three generations of Wardlaws boarded a lobster boat and set out on a guided lobster trapping excursion.
We quickly learned lobstermen lead a life of hard work and regulations.
Over the course of many years, Maine’s lobstermen and state officials have established certain criteria to protect lobsters and allow for greater development. With the rules, lobstermen look for “keepers.”
A “keeper” is a lobster that measures between 3.25 and 5 inches from its eye socket to the end of its back shell. In addition to the precise measurements, the lobster cannot carry eggs nor can it have a notch in its tail (indicating it is a breeding female). The notch is carved from prior lobstermen who observed the lobster’s breeding.
If the lobster does not fit the criteria set forth, it is discarded and placed back in the waters.
As an investor, you constantly look for “keepers.” At your disposal is a wealth of information to determine the quality of a position.
Exercise Can Make You Wealthy
July 18, 2007
Exercise Can Make You Wealthy
by: John Perry
In this article, which is the last of a three-part series, we will explore the financial aspect of fitness.
About 80-90% of my adult clients know that exercise is beneficial to the body, but do not want to spend their time “fooling” with it. They feel their day will be more productive and they will be much happier if less time is devoted to exercise. “Why spend an hour of my day doing something I hate?” they ask.
What I spend the next several weeks showing them is just how exercising will result in more productivity by giving them more energy. I show them how exercise will make them healthier, happier and yes, improve their finances and in less than 30 minutes a day.
My program is based on a full-body routine that uses the butt to stimulate the brain for improved energy, body mechanics, weight loss and productivity. Clients demonstrate and report a new vigor for life.
Because the program is movement efficient, it can be done in a small space and in a short amount of time with little to no equipment.
What Not To Do and How Not To Do It
July 17, 2007
What Not To Do and How Not To Do It
by: Paul Lemberg
How can you get more done?
Can you really do more than you already do? Is there still room left on your plate for even one more thing? The truth is I don’t know anyone (successful) who has too little to do. Not one of my many clients–nor any of my friends, acquaintances, or people I meet on planes–none of them has ever said they have too little to do.
Doing more to get more done is simply not an option.
The answer to doing more is doing less.
Less?
Do less?
Are you kidding? How’s that going to help? “I don’t get enough done as it is,” you say, “and there’s always more to do at the end of a day!”
Ask this transformational question: Is each activity you currently do providing the greatest possible payback? Or like many people, are you spending much of your precious time doing things which produce a relatively lower return? The key word is relatively.
To do more, you’ve got to figure out what not to do.
Bomb! Ten Easy Steps to Blow Up Your Next Big Presentation - Guaranteed!
July 16, 2007
Bomb! Ten Easy Steps to Blow Up Your Next Big Presentation - Guaranteed!
by: Harrison Monarth
Your next presentation is just around the corner. To ensure devastating impact, just follow these ten steps and watch your career catch fire.
1. Avoid Excessive Research
Research is for geeks and bookworms. Do you really want to bore your audience with a bunch of statistics and facts that they can easily get from the library or from Google?
You want to tell people your version of how things work, not someone else’s ideas that have been posted all over the Internet already.
2. Be Spontaneous
Preparation and rehearsals are for amateurs, or actors. By practicing your presentation you only sabotage your chances for spontaneity. Just scribble down a few notes and stuff them in your pocket in case you need them for reference. This allows you to improvise as you go, keeping your talk lively and interesting. People hate predictability.
Plus, by rehearsing your presentation you run the risk of having a bunch of know-it-alls give you unwanted feedback, which may tempt you to make last-minute changes. Do you really want to start over? Remember, this is YOUR show!
Creating Breakthroughs
July 15, 2007
Creating Breakthroughs
by: Paul Lemberg
How to engineer world-beating nonlinear, discontinuous, highly-profitable change into your company.
“The world we’ve made, as a result of the level of thinking we have done thus far, creates problems we cannot solve at the same level of thinking” - Albert Einstein
Runaway success is never based on incremental improvement. I know this is a very bold statement, but bold statements and even bolder results are what breakthroughs are all about. What about in your company - what would constitute a breakthrough? Would you like to increase overall productivity by 40%? Of course you would! But would you commit to it? What about expanding sales by 50% - in one quarter! Or cultivating a completely new distribution channel - in two months! Sound impossible? Breakthrough results always “seem” impossible at the time you commit to them. If they seemed reasonable, they wouldn’t qualify as breakthroughs.
Breakthroughs share the following characteristics:
1) The results are not predictable based on your past performance. If you routinely increase revenues a handsome 20% per year, a 50% increase would be a breakthrough. Developing a new product or service in 3 months would be a breakthrough if it normally takes you six.
