When Henry Ford announced Five-Dollar Day in 1914, it created a
sensation. Overnight, the Ford Motor Co. would double the standard wage
of automobile workers. Why did Ford — remembered for assembly-line automation, not employee empathy — create a new wage standard? Two basic reasons:
Increase someone’s productivity by as much as 20 percent.
As a child, Potter Palmer worked at his father’s dry goods store in a
New York village, learning to set up displays and chat up customers. He
loved to sell. He dreamed big. Palmer struck out for Chicago with a $3,000 family loan. This was his chance. To take advantage of it, Palmer tried strange new things:
If leaders are measured by what they accomplish, here’s what kind of leader Jody Williams is:
Joe Horn, who co-founded Horn & Hardart automats in New York and
Philadelphia, followed a simple philosophy that kept his restaurants
full during the bleak Depression years: “Give people the highest
possible quality at the lowest possible price.”
What do Sean “Puffy” Combs, Bill Clinton, Britney Spears, Tiger Woods and Condoleezza Rice all have in common? Ambition.
Some chalk it up to good fortune, but Margaret Thatcher’s success as England’s prime minister was not due to Lady Luck at all.
In the midst of the McMansion boom, along comes a tiny little house that creates a whole new market.
Many leaders are so busy with daily tasks that they fail to keep
abreast of industry events and trends. Use these three tactics to keep
that from happening to you:
For a while there, after Andy Roddick had taken the second set from
Roger Federer in this year’s U.S. Open, it looked as though he might
just prevail against the world’s most dominant athlete this side of
Tiger Woods. Now, the men’s tennis final would go at least four sets.