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What I learnt from Manchester United about Management & Succession Planning

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What I learnt from Manchester United about Management & Succession Planning I have been a lifelong fan of Manchester United and the life after Sir Alex Ferguson (24+ years in charge of Manchester United) hasn’t gone well for the club as well as for the followers. I could relate many of the management lessons especially Succession Planning and its impact with the recent failures of Manchester United. Dont always rely on your laurels: Yes, United have been the most decorated team in England and they have been the driving force since the start of English Premier League but their dominance in Europe has been inconsistent.  United's  trophy cabinet shows their stellar record but it doesn’t guarantee them consistency in bigger competitions. Similarly, no matter how big your brand has been, it will take a small time to come down to dust! External factors like market invasion through smuggled goods or maybe the competitor just got better or the i...

Seven Habits of Highly Effective People

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The Seven Habits of Highly Effective People, first published in 1989, is a self-help book written by Stephen R. Covey . It has sold more than 15 million copies in 38 languages since first publication. I am sharing the summary of this book, so that we all can implement these effective habits in our daily lives. BE PROACTIVE-PERSONAL VISION “A clear vision, backed by definite plans, gives you a tremendous feeling of confidence and personal power.” - Brian Tracy  In life, experience is something that happens to us and then how we react to something is our attitude. What matters most is how we respond to what we experience in life.  The unique ability that sets human apart from animals is self-awareness and the ability to choose how we respond to difficult situations. The best thing about proactive people is their initiative to find solutions and their ability to ac...