Home     Forum     401k     401k Rollovers     Crypto Forum
    Register   Login   Members   Search   FAQs     Recent Posts    



The Secrets of their Success

Reply to topic
Money Talk > The Blue Room

Author Thread
Doro Ajani
Full Member


Cash: $ 3.34

Posts: 60
Joined: 11 Sep 2004
Location: New York City
The Secrets of their Success  Reply with quote  

What separates the legendary CEO from the chronically dissatisfied cubicle dweller? It's not innate talent, argues Tipping Point author Malcolm Gladwell in his new book.
http://money.cnn.com/2008/11/11/news/companies/secretsofsuccess_gladwell.fortune/index.htm

http://money.cnn.com/video/ft/#/video/fortune/2008/11/12/fortune.gladwell.myths.fortune

quote:
F: How did you become interested in this topic?

G: I was interested in writing about success. I just became convinced that our explanations [of what drives it] were lacking. We have the kind of self-made-man myth, which says that super-successful people did it themselves. And we have a series of other beliefs that say that our personality, our intelligence, all of our innate characteristics are the primary driving force. It's that cluster of things that I don't agree with.

The premise of this book is that you can learn a lot more about success by looking around at the successful person, at what culture they belong to, what their parents did for a living. Successful people are people who have made the most of a series of gifts that have been given to them by their culture or their history, by their generation.

F: What link does practice have to success?

G: The 10,000-hours rule says that if you look at any kind of cognitively complex field, from playing chess to being a neurosurgeon, we see this incredibly consistent pattern that you cannot be good at that unless you practice for 10,000 hours, which is roughly ten years, if you think about four hours a day.

F: So let's broaden this out. Are there lessons in this book that are applicable to the business world?

G: Yes. Instead of thinking about talent as something that you acquire, talent should be thought of as something that you develop. Procter & Gamble (PG, Fortune 500) is a great example of a company that does that and has prospered as a result. Look around Wall Street, or what's left of it today, and you'll see lots and lots and lots of people from Goldman Sachs (GS, Fortune 500). That's not a coincidence. It's because they took their mission to invest in people seriously.

F: Should people be expected to take the issue of developing talent seriously right now, in the middle of a crisis?

G: Paradoxically, this might be the perfect time. When it's easy to make money, you have no incentive to think about development of talent. Now, you're forced to. At least that's my optimistic hope.

Post Sun Nov 16, 2008 6:30 pm
 View user's profile Send private message Visit poster's website AIM Address MSN Messenger

Reply to topic
Forum Jump:
Jump to:  
  Display posts from previous:      


Money Talk © 2003-2022

Crypto Prices