Sunday, January 13, 2008

Developing the Leaders Within You - Chapter 2

To become a leader, one must learn to priorities what is really important in your life and begin to focus and act on those things that you value the most.

The Pareto principle applies particularly well in your ablity to priorites. This principle or also known as the 80-20 rule states that 20% of your priorites will give you 80% of your production, if you focus and spend your time and energy on the top 20% of your priorites. In other words, if you focus on the top 20% of your priorites and invest your time there, you will get 80% of all your need.

For example to get 80% productivity in your business organisation:

  • Determine and find employees who are the top 20% producers.
  • Spend 80% of people time with the top 20% producers.
  • Spend 80% of development and training expense on the top 20% producers.
  • Ask the top 20% to do on the job training for the next 20%

To get the list of the top 20% people, ask yourself this question, "If the person resigns or withdraws his/her support from me, what impact will it have on my life or organisation?" If you can't function without him/her, then that person is the top 15-20% of the name list. If you can function without him/her then that person is not the one.

It's about how smart you work, not about working harder.

How to priorties?

  • What is required of me? What do I have to do in order to get my job done that no one else can do? Whatever it is, there must be put in the top high priority list. Distinguish between what I have to do and what I can delegate to others.
  • What will give me the grestest return? M I doing the best in what I do that will receive good return?
  • If you could live your life all over again, what could you do differently?
  • Dilebrately neglect 80% of your unimportant priorities until you have done 20% of your top important priority lists
  • Focus your attention on your priorities, because whatever gets your attention will get you and you will move towards what you focus your attention on.

Abuse - Too few employees are doing too many tasks.
Misuse - Employee(s) are doing the wrong things.
Disuse - Employee(s) are doing too little tasks.

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