Free Essay

Pay Now and Play Later

In:

Submitted By vicstel
Words 3182
Pages 13
PART B.

BOOK SUMMARY

ON

GOOD TO GREAT
JIM COLINS

PRESENTED

BY VICTOR TANNO

LESSONS 1: No matter how long you have been down in obscurity, with the application of Timeless and Universal Principles of Success, you can rise to Lime light. Walgreens for over forty years had bumped along as a very average company but in 1975 seemingly out of nowhere-bang-it began to climb and climb…and kept climbing until it surpassed its rivals and contemporary companies-some of the best-led organizations in the world. ---pages 3-4 PROOF OF LESSON 1 I currently own a cleaning organization which has only gotten one job since established in 2004. I decided to close down since 2011 because of lack of success in moving forward. APPLICATION OF LESSON 1 I will pick up the papers of that company, dust it and start up again putting principle of perseverance, strategic and massive marketing into play etc because if Walgreens for over forty years had bumped along as a very average company but in 1975 seemingly out of nowhere-bang-it began to climb and climb until it became a strong unrivaled brand. …………………………………………………………………………………………………………………………………………………….. LESSONS 2 Success or Greatness does not only come by focusing on what to do, rather it also comes by focusing on what not to do and on what to stop doing. ---Page 11 paragraph 1 PROOF OF LESSON 2 I have always desired to be motivational in my approach to things and when I talk, Though a passion burning in me, I have not deliberately taken steps to study voraciously and prepare myself. I was actually leaving it too chance APPLICATION OF LESSON 2 I want to be a motivational speaker, one who inspires, motivates and empowers my listeners by the things I say. This will require that I not only continue relentlessly to prepare myself by study, it also requires that I must stop giving too much time to sleep and eliminate all irrelevant vocabulary from my everyday speech. …………………………………………………………………………………………………………………………………………..

LESSON 3 When desiring partnership, you must partner with a giant and not a mediocre; someone who can be an asset to you, whose contribution to your life or project is highly valuable. This is because 2 big mediocrities joined together never make one great company. Page 11 paragraph 3

PROOF OF LESSON 3 The company which I set up in 2004 was in partnership with a friend who at that time was as poor and jobless (mediocre) like me. I think the situation would have been different if I partnered with someone who either had some business expertise or financial advantage (a giant) than myself.

APPLICATION OF LESSON 3 I discovered that fellowship is a command but partnership is a choice. From now I know that I have the right to choose whoever I partner with and must be able to add value to me. So I will choose wisely. ……………………………………………………………………………………………………………………………………………….

LESSON 4 You can blossom wherever you are planted or wherever you find yourself because” Greatness is not a function of circumstance. Greatness, it turns out, is largely a matter of conscious choice.” The good-to- great companies where not by and large in great industries, some were in fact in terrible industries but still rose to become great. Page 11 paragraph 6 PROOF OF LESSON 4 I used to think that until I move out of my present place of work which is very time demanding, I will not have the time to prepare for my life assignment of inspiring, motivating and empowering men but I now know that I can actually start small where I am presently and increase. APPLICATION OF LESSON 4 I will not wait endlessly for the right opportunity to do what I need to do, I will start small and now to blossom ……………………………………………………………………………………………………………………………………………………..

LESSON 5 Maintain a culture of discipline as a person, in thought and in action. This is very true because disciplined people don’t need hierarchy, disciplined thought don’t need bureaucracy and disciplined action don’t need excessive controls. Pages 12 & 13 paragraph 5

PROOF OF LESSON 5 Success in any endeavor requires discipline. I usually do not keep and maintain my own plans and schedules of success drawn up, I do not follow through to conclusion, I am good at starting but breaking at some point. APPLICATION OF LESSON 5 I have learnt that for anything to succeed discipline has to be applied. I will be disciplined in my thoughts and actions.

…………………………………………………………………………………………………………………………………………………… LESSON 6 In whatever sphere of influence you belong, always look out for timeless Principles. The practice or act of that sphere could change or evolve but the principles or art never change. This is the way to sustain change. Page 15 paragraph 1 PROOF OF LESSON 6 The practice or act of that sphere could change or evolve but the principles or art never change. The Bible may look like an old story book but what makes it relevant for all ages even today are the changeless principles of God embedded in it. APPLICATION OF LESSON 6 As a minister in the making I will look out for principles that makes men of God to succeed and last long in the ministry. …………………………………………………………………………………………………………………………………………….

LESSON 7 Never stop trying to become qualified for the job. This was the secret to the success of Darwin Smith who in 1971 became chief Executive of Kimberly –Clark, a stodgy old paper company whose stock had fallen 36 percent behind the general market over the previous 20 years.---chapter 2 pages 17-20

PROOF OF LESSON 7 I have had several speaking engagements in which I delivered some speech or sermon. Most cases I did not perform up to my expectation or even the expectations of the people, and in most cases was discouraged. APPLICATION OF LESSON 7 I will keep on trying and not get discouraged any further knowing that becoming a success does not happen in one day. I will press on and continue to improve my abilities …………………………………………………………………………………………………………………………………………………

LESSON 8 You can accomplish anything in life provided you do not mind who gets the credit.-Harry S. Truman— Page17 PROOF OF LESSON 8 I was once head of Drama unit in my church, when we were planning to organize a major drama program, we needed to invite a very popular comedian. I felt we had spoken a few times in the past so I was qualified to make him come on my honors. At the end he failed to show up after the wide publicity to the disappointment of my team members and the spectators. It would have been different if I had allowed a very senior colleague who knew him closely to bring him. APPLICATION OF LESSON 8 I have learnt to know that the goal is more important than the role. So no matter who scores the goal so long as we all win it is ok. I have learnt to shun pride. …………………………………………………………………………………………………………………………………………………..

LESSON 9 Always learn to be a level 5 Leader who channel his ego needs away from yourself and into the larger goal of building a great organization or institution. It is not that you do not have ego or self interest or ambition but it should be directed to building the institution. Ambition first and foremost for the company and concern for its success rather than for your own riches and personal renown. Desire to see your organization even more successful in the next generation, comfortable with the idea that most people wont even know the roots of that success trace back to your efforts.Page 21 & 25-26 PROOF OF LESSON 9 I used to have the mentality of working for what I want out of my organization, so I do only what I’m required to do without going the extra mile and making extra sacrifices. APPLICATION OF LESSON 9 I will more than before take interest in what my organization does and give my best to achieving its objectives.

……………………………………………………………………………………………………………………………………………..

LESSON 10 Every time we attribute national or Community problems to Leadership, we prevent ourselves from gaining deeper, more scientific understanding about what makes great Nations or societies the way they are. No matter who the cause of the problem is, personal Responsibility is the watch-word. Page 22. PROOF OF LESSON 10 I would usually blame and lash anyone responsible for any wrong done. In my House where I currently stay the fence behind my house collapsed because someone on the other side dug a gutter behind. I had to quarrel, and made up a case but to my amazement when I took a closer look after some days I found out that the blocks used for the fence were very weak in the first place and any little push would have brought it down. APPLICATION OF LESSON 10 I will no longer blame anyone for problems caused or difficulties without first carrying out an analysis of what happened and why it happened and then look for solutions together.

……………………………………………………………………………………………………………………………………………..

LESSON 11 Do not just retire, while still on top of your game,do not just bow out when the ovation is loudest. Do not just over-stay your welcome, Also set up successors for success. This was the case of David Maxwell who became CEO of Fannie Mae in 1981 at a time when the company was losing $1 million every single business day. In the following 9 years Maxwell transformed the company into a high performance culture that rivaled the best wall street firms earning $4 million every business day. Feeling that the company would be ill served if he stayed on too long, he turned the company over to an equally capable successor, Jim Johnson. He did not like other predecessors set his successor up for failure or choose a weak successor. Page 25 & 26 PROOF OF LESSON 11 When in school I was head of my school Fellowship, when I graduated I had to hand over to someone who obviously needed some help and wisdom in gathering his team of executives together. He had several clashes with them over and over again until I stepped in almost at the last hour. I discovered that this ordeal could have been avoided had I provided that wisdom earlier on. APPLICATION OF LESSON 11 I have learnt not to wait until I leave a position whether in church, office or anywhere without looking for suitable successors who I will coach so when I am gone, they can run effectively beyond what I have achieved. I am currently doing that for my church in the positions I occupy. ……………………………………………………………………………………………………………………………………………..

LESSON 12 Develop an unwavering resolve to do what must be done to produce the best long term result, no matter how difficult. Be ferocious and very determined to do whatever needs to be done to make the organization great. Level 5 leaders are fanatically driven, infected with an incurable need to produce results. They will sell the mills or fire their brother if that’s what it takes to get the job done. George Cain, CEO of Abbot Laboratories did not have an inspiring personality or charisma to galvanize the company to greatness but had an inspired standard that was intolerant of mediocrity and intolerant of anyone who accepts that fact that good is good enough. Pages 30,31 & 36 PROOF OF LESSON 12 It took me a long time to realize that my purpose in life is not the work I presently do and that doing all to fulfill purpose is even more important than anything else for me.

APPLICATION OF LESSON 12 I no longer sleep through out the night rather I wake up for some hours to study at night and also to pray for what lies ahead of me especially since I do not have much time in the day. I also use every opportunity available during the day to at least peep into my books at least to sustain any new thought pattern I may have acquired. …………………………………………………………………………………………………………………………………………….. LESSON 13 You can learn to become a level 5 leader though you may not be there presently. This usually is the state of the larger group of people, they have the capability within them perhaps buried or ignored but under the right circumstances of : self-reflection, conscious personal development, a mentor, a great teacher, loving parents, a significant life experience, they begin to develop. Page 37 4th paragraph.

PROOF OF LESSON 13 Although I have occupied various leadership positions in the past, I still do not know how to influence my followers without having to quarrel with them or cajole. APPLICATION OF LESSON 13 Through conscious personal development and having a mentor, I am seriously growing to become a level 5 leader. ……………………………………………………………………………………………………………………………………………..

LESSON 14 Great Vision without Great People will hit the rock. First who then what. If you have the right people on the bus and at the right seats then you can more easily adapt to a changing world, the problem of how to motivate the people vanishes because they don’t need to be tightly managed or fired up, they will be self motivated to produce the best results. This was the case of Wells Fargo, they hired outstanding people whenever and wherever they found them, often without any specific job in mind. Pages 42 -43 PROOF OF LESSON 14 The cleaning company I and my partner set up had 2 employees that serve as markers and admin staff at the same time. We hired them not because of their knowledge or skills but because they were cheap. They proved to obviously be the wrong set of people despite the great vision we had.

APPLICATION OF LESSON 14 I will always look out for experts in my areas of interest; people who are talented and are qualified for places in my assignment, they may be expensive but it is the best.

…………………………………………………………………………………………………………………………………………….. LESSON 15 When you know you need to make a people change, act. The best people do not need to be managed, the moment you feel the need to tightly manage someone then a hiring mistake has been done. Therefore waiting too long before acting is equally unfair to the people who need to get off the bus. For every minute you allow a person to continue holding a seat when you know that person will not make ir at the end, you are stealing a portion of his life, time that he could spend finding a better place elsewhere where he could flourish. Page 56 PROOF OF LESSON 15 Several times I felt the need to fire both of those employees of the company but because one of them was directly related and the other is a friend, I kept them. It turns out that they never performed and the company never grew. APPLICATION OF LESSON 15 I have seen the adverse effect of not taking action when it needs to be taken. I will not hesitate to make a people change

……………………………………………………………………………………………………………………………………………..

LESSON 16 Put your best people on your biggest opportunity not your biggest problems. When you decide to sell of your problems, don’t sell off your best people. This is because managing your problems can only make you good and building your opportunities is the way to become great. Pages 58 to 59

PROOF OF LESSON 16 Of the two employees in my cleaning company one was actually good in administrative duties but never had time to sit and put structures together because of the continuous pressure to sell and market the company’s products and make some commission for himself. I sold off my best hands into something he was not wired for.

APPLICATION OF LESSON 16 I be more strategic, putting my best people in my biggest opportuninty and not my biggest problems. …………………………………………………………………………………………………………………………………………….. LESSON 17 Lead with questions, not answers. Leading from good to great does not mean coming up with the answers and then motivating everyone to follow your Messianic vision. Rather it means having the humility to grasp the fact that you do not yet understand enough to have the answers and then to ask the questions that will lead to the best possible insight. Pages 74-75. PROOF OF LESSON 17 In my company usually when I meet with them I provide them with my so-called- strategy for effective marketing which they tried severally and failed. I presume I could have one day asked them what their challenges were and would have gotten a better way forward. APPLICATION OF LESSON 17 I will be opened to suggestions and solutions for ways forward as a leader. I will not be the know-all

…………………………………………………………………………………………………………………………………………….. LESSON 18 Conduct autopsies without blame. The case of Philip Morris is evident where the executives instead of hiding their big, ugly mistake, feel a compelling need to talk about it and yet no one pointed fingers to single out blame. Pages 77 PROOF OF LESSON 18 In the year in which my company got her first and only job worth N400,000 in 2009, we made a great loss of N520,000 later that year because we wanted to bid for a cleaning job with the Government and had to settle some people in advance. While analyzing the cause of this mishap, I had to blame seriously my business partner to the extent that we had to quarrel profusely. APPLICATION OF LESSON 18 I will no longer look into problems with a view to blaming whoever is wrong or the cause of it rather I will have a view of correcting what was wrong and providing solutions. ……………………………………………………………………………………………………………………………………………..

LESSON 19 Build red flag mechanisms. Bethlehem steel executives had known for years about the treat of mini-mill companies like Nucor, They paid little attention until one day they woke up to discover large chunks of market had been taken away. Turn information into information that cannot be ignored. pages 78-79 PROOF OF LESSON 19 When we were giving out such amount of money that we had not made by profit, even though we knew that we were stepping out of our boundary, we ignored the signs because we were expecting to reap the wind. APPLICATION OF LESSON 19 I will set deadlines for achieving my goals and doing my projects and I will no longer ignore the red flag mechanisms I have built ……………………………………………………………………………………………………………………………………………..

LESSON 20 Identify what you can be the best in the world at, and what you cannot be the best in the world at despite having a core competence in it. Take that simple concept you have found out and do it with excellence and imagination. pages 95,96 & 97. PROOF OF LESSON 20 I currently have some core competences in football and I used to spend most of my time after work to train. But I realized that I cannot be the best at it. APPLICATION OF LESSON 20 However I can be the best at speaking and motivating people to higher achievements because I have a strong passion for it. So I will deploy all my streght and attention towards achieving it. …………………………………………………………………………………………………………………………………………..

Similar Documents

Premium Essay

Extended Destruction

...Composition II April 15, 2013   Technology has changed significantly over the past 20 years, TV’s are high definition, computers are reaching extreme speeds while staying colder even in tablet to phone form, and entertainment is marketed as virtual data. One of the leading changes in entertainment today is video games. There are now many forms to video games, virtual reality, consoles, PC gaming, simulators, and sports that are now controlled by body in the consumers very own living room. Video games have easily rivaled the video industry and also contribute to movie interests. Movies are being made after video games and games are being made after books, although the biggest and largest difference to the movie industry compared to video games is the after the point of sale distribution. What brings this very large difference between the two is the internet. Once the Internet was introduced to the gaming consoles at large, consumers were given opportunity to extend content. With the industry growing as large as it has and the internet bringing in these new opportunities, there are now politics, large and vocal gaming, and a larger hunger for money just like the video environment. Extended content is destroying the future of gaming and the standard price for digital content should not be set to a fixed full price. When video games were first introduced they were distributed physically by cartridge and floppy discs. This process included the normal...

Words: 2574 - Pages: 11

Premium Essay

Why A College Athletes Should Be Paid

...year. A full 44.8 hours a week, more than how much time you spend at your job or at school. To help you get an idea, you work on average for about 40 hours a week and you go to school for about 35 hours a week (5 days in school week). If you take about 2,329 hours every year to play a sport or to do anything then you would want to get paid for it so you know that it could help you in the future right? Perfecting the sport might help you get to the state teams but while spending all of this time practicing and going to school, I doubt you have time for a job, getting paid for being on your college team might just help you out. However,...

Words: 1187 - Pages: 5

Premium Essay

Notes

...* Always try to max out research because more money into research = less money you have to pay later on for better cameras… you max out research every year till maybe the last year where you can completely stop because it’s not as beneficial anymore in the last year or so * Try out different combinations of camera settings because some combinations cost less but does not decrease your market share percentage (market share % is shown in marketing tab)… you want to keep your market share high and you want to have a high market share early on even though it may mean less profit for the first year or two because the higher the market share early on, the more stores you will be able to open and then the harder it is for other companies to beat you in later years * Usually optical zoom cost the most to upgrade so most of the time you should not increase optical zoom (especially don’t increase optical zoom for entry cameras… not worth it) and instead just play around with different combinations such as increasing the image res and LCD display/ brand specific components * To find the best combination you should record your current net profit (in the blue box on the side) and current marketshare% (in the marketing tab) for the camera you’re changing and then make sure to match assembly in the assembly tab * I.e. – Following the picture, if you’re playing around with the camera settings for entry cameras record your net profit which is 157% and then record...

Words: 1363 - Pages: 6

Premium Essay

Greed in Sports

...a major league player is $119,000. For the first time in ninety years, there was no post-season baseball, and no world series. Eric Turner was designated as the Cleveland Browns franchise player. He then proceeded to hold out during spring training, because he knew he could get more money then his current $2.15 million dollar contract. At one point in every athlete’s life, there is nothing they would want to do more than play their sport, not because it fattens their wallet, but because they have a true love for it. At what point does the athlete lose the love and gain the greed? The NBA has become the land of the guaranteed contract. These players want their millions handed to them on a silver platter, no matter what happens. If they get injured and can no longer play; pay up! If they averaged thirty points a game in college, but struggle to make the transition into the pros, and average only four points; pay up! If their egos swell so much that they are out of control in public and do something to disgrace the organization they play for; pay up, because the contract guarantees that they get their money. The NFL is a breeding ground for holdout players. I think that Holdout 101, taught by Professor X-Pro Millionaire, is a required class for all pro football players. Rule number one: if you think you can get more money than what your contract says holdout. Rule number two: if you are in the middle of a multi-year contract, then fuck that...

Words: 904 - Pages: 4

Premium Essay

Who's To Blame In Romeo And Juliet

...rules were taken seriously. Not think about someone being killed by another person, now think about the reasons they died, now would you say that that person can be blamed for their own death? In Shakespeare's Romeo and Juliet, Tybalt is the blame for his own death. This is because Tybalt challenged the duel, Tybalt went against a law, and Tybalt couldn’t control his own anger. Tybalt challenged a duel against Romeo and wanted to start a fight. In act one, Price had set laws and other things stating ‘no fighting’. Tybalt was also the blame for his own death because he was a very hot headed person. One way Tybalt is blamed for his own death is because he wrote a letter that was used to challenge a duel against Romeo. In Act 2 scene 4 (7-8), Benvolio says “Tybalt, the kinsman to old Capulet, Hath sent a letter to his father’s house” This is the part where Mercutio is informed by Benvolio about the letter being sent to Romeo from Tybalt to challenge the duel. A...

Words: 611 - Pages: 3

Free Essay

Modern Day Fairytale

...was the Peter’s Birthday, their parents went to buy a guitar-shaped cake as a surprise. Unfortunately, they were hit by a drunk driver and they died in the car accident. So, the 3 “little” boys decided to sell the house, and with the money they went to a lot of parties and clubs. Two months later they came to the realization that they really needed a house. So, with the money that they still had left over, they went to buy materials to build their own. They decided to build their three new homes in the local village. The village was peaceful with nice neighbors, very quiet with large parks and fountains. The village was perfect, but with one exception…in the forest next to the village lived a local politician who was incredibly greedy and very harsh with the restrictions and taxes. Peter decided to build a cabin, because he was very lazy. The cabin only took him a week to finish it. When Peter finished his cabin, he started to play his electric guitar, to scream and to shake the head jumping. Meanwhile Jax decided to build a designer ski cabin (even though it never snowed in their village). Since he too was very lazy, he hired a group of builders to build his house for him. Two weeks later, the group of builders finished the house, and Jax started to celebrate by throwing parties every night in his house. Brian on the...

Words: 776 - Pages: 4

Premium Essay

Don

...Character Biography: Don is a (presumably) white male in his late twenties, living in a large city similar to New York City sometime in the late 1900’s, either the eighties or the nineties. Without any strict background given throughout the play, it can be assumed that he is college educated based on his connections with Jack and Phil and the time period and works in a job that pays enough for him to afford to live in the city, though he is most likely living out of a studio apartment, and not the penthouse of a hotel. Don is college buddies with Jack and Phil, most likely having met Phil through Jack, who seem to have been childhood friends. They often go out to party, which includes escapades of drinking alcohol and doing drugs, including...

Words: 1549 - Pages: 7

Premium Essay

Antonin Leopold Frantisek Research Paper

...Austrian Empire (Now Czech Republic) and died on May 1, 1904 in Prague, Austrian Empire. He was mainly known as the first Bohemian composer to receive worldwide recognition. He was the eldest of nine children. He religion was Roman Catholic. His parents were Frantisek Dvorak and Anna Zdenkova. Frantisek was a violin musician who helped teach Antonin how to play the violin later in his early life but he was also an innkeeper. His mother, Anna Zdenkova, was a servant in the house of Prince Lobkowitz and was the daughter of one of the Prince’s stewards. Prince Lobkowitz was ruler of Bohemia from 1772 to 1816 and was a friend and patron of Ludwig van Beethoven. His early childhood life was filled with musical encounters. He started off learning how to play the violin by his dad and the village schoolmaster, Josef Spitz. He started performing with his dad in ensembles and celebrations when he knew well enough how to play the violin. He was also taught how to read music and sang in the church choir as well. And at age 12, he had learned all the basic aspects of music....

Words: 902 - Pages: 4

Premium Essay

Society

...April 22, 2012 My First Guitar I believe that every person has the ability to learn how to play an instrument. With enough practice, dedication and the right information, you can accomplish almost anything. Every person has their own style of music, and being able to accomplish something important to them makes you become persevering. I have always been working extra hard to get what I want and this time it was worth it. Ever since I was a kid I had been farming and doing hard labor to help support my parents and family. But I realized that there is a time that you have to work hard to get something for yourself. What I purchased was an acoustic guitar. This acoustic guitar was the first artifact that I bought with my own share. It’s nice curve shape and maple wood hard top with a beautiful flower design made it stand out. The guitar has been an important part of my life. This was a Martin acoustic guitar. I got to experience my talent in performances which made me became a musician. When I first picked up the guitar I was young, about the age of 11 I was very ambitious and wanted to learn all my favorite songs and master everything to know about it. I knew that if I kept focus and practiced everyday I would accomplish my goals. A very important part of playing any instrument is your hands and fingers and I would soon learn that without them it would be difficult if not impossible to play them. I was playing basketball with my friends one day and I went for the ball and jammed...

Words: 1375 - Pages: 6

Free Essay

Love

...2 to 6 Players l OBJECT: Collect money and LIFE Tiles, and have the highest dollar amount at the end of the game. Attach the game parts to the gameboard as shown on the Assembly Sheet. All players spin the wheel. Highest spinner takes the first turn. Play then continues clockwise. LIFE TILES WHAT YOU D A TURN Each LIFE Tile carries a secret message: a special achievement, and a dollar amount which counts toward your total cash value at the end of the game. On your turn, spin the wheel. (If the spinner arm stops between numbers, spin again.) Then move your car the number of spaces on the spinner. Carefully remove the LIFE Tiles from the cardboard sheet. Place the LIFE Tiles LIFE-side-up near the gameboard and mix them up. Draw 4 tiles and, without looking at the message on the back, stack them LIFE-side-up at Millionaire Estates. The remaining tiles form the draw pile. Always move your car forward, in the direction of the arrows. (Just as in real life, you can’ go back in time!) If you t land on an occupied space, move ahead to the next open space. Follow the space directions. This ends your turn. CARDS Your first turn is an exception. See GETTING STARTED. Separate the cards into 4 decks: Career Cards, Salary Cards, House Deeds and Stocks. Place each deck facedown near the gameboard. GETTING STARTED On your first turn, decide either to start a career, or to start college. INSURANCE POLICIES & BANK LOANS College offers more career and salary options, but it takes time-and...

Words: 2044 - Pages: 9

Free Essay

Juwan Howard Case Study

...Case Study Analysis Part A: Case 3, "Power Play for Howard" MGT 445 4/25/12 Power Play for Howard In this assignment Team C will briefly summarize the case of Juwan Howard. Next, Team C will evaluate the benefits (tangible and intangible), risks, and costs associated with negotiating Juwan Howard’s free agent contract. Afterwards, we will provide a brief conclusion. The Overview As kids we have dreams and aspirations of growing up making it big in our profession of choice while making lots of money. According to most children, their dreams range from a number of professions including; Doctors, Lawyers, Teachers, Police, Firefighters or even becoming a professional athlete such as Michael Jordan and Juwan Howard. In the 1990’s, most kids wanted to be like “Mike”. Michael Jordan’s name was a household name, and a major brand for marketing worldwide for Nike. Most NBA players’ career salaries would not even come close to Michael Jordan’s endorsement income from the late 80’s through the 90’s. In our opinion, Michael Jordan was clearly underpaid when he played basketball. It wasn’t until later in his career that he signed the biggest NBA contract of all time paying $30 million a year. Jordan set the bar for young superstar NBA players such as Juwan Howard to sign multi-million dollar contracts in the late 90’s. Juwan Howard’s story was a little different from Michael’s. He signed two contracts over the course of his career totaling $205 million. This type of money is...

Words: 1212 - Pages: 5

Premium Essay

Economics

...Pay for play isn’t the answer for college athletics In recent years, there has been a lot of talk about whether or not college athletes should be paid for playing on a team. The argument has initially consisted of whether or not college athletes deserve special treatment over the other students at universities. Some people believe that giving student athlete’s money would help encourage the athletes to play harder while others believe they are already being paid with free tuition and should not be given money. I believe student athletes should have their full tuition, meals, room and board paid for; but I do not think the universities should necessarily be responsible for paying the athletes especially since so many are not responsible with their money. The nature of a school at the university level is to make money through education. No one is making the athletes go to college to make money for the colleges and universities. It is an agreement that is not set up to pay them in ways that is fair in relation to the money the universities make from their participation. Student athletes are like unpaid interns in college who work to gain experience for their possible future profession. Many athletes today walk around campus with rock star status anyway. If they were to get paid it would further that perception that they were something bigger than just a student athlete. Also, is student athletes were to get paid; many of the athletes would simply waste the money they...

Words: 731 - Pages: 3

Premium Essay

Study Habits (Partial)

...Study habits of 1st and 2nd year Marlow scholars of University of Cebu Maritime Education and Training Center, School Year 2013-2014 Research Topic: ”Study habits of 1st and 2nd year Marlow scholars of University of Cebu Maritime Education and Training Center, School Year 2013-2014” Statement of the problem: This research aims to look into the study habits of 1st and 2nd year Marlow scholars in University of Cebu, School Year 2013-2014. This study aims to answer the following questions: 1. What is the profile of the Marlow Scholars in terms of: a. Age b. Year Level c. Course d. Place of Origin 2. What are the factors that affect their study habits? 3. What are the study habits if the 1st and 2nd year Marlow scholars? 4. How the study habits affect their academic performance? INTRODUCTION The Global Economic Crisis pulled countries down from around the globe to a recession. Wide-ranging declines in many aspects of growth characterize the overall impact it had on the global scale. Following the Asian economic crisis in 1997, the present global economic crisis imposes new challenges to the Philippines as a developing country. Following are expositions of the macro economic impacts of the crisis in the Philippines setting, its implications in the prevalent poverty scenario, and policies and program undertaken by the government in response to the crisis. Global Economic crisis resulted to financial problems or financial pressure...

Words: 2509 - Pages: 11

Premium Essay

National Honor Society Analysis

...Give specific examples of how you have worked to reach the goals exemplified by membership in this organization particularly in the areas of character, leadership, and service. Include any stories from your experience that illustrate your strengths in these three areas. I am a hardworker. Being a hard worker is someone who puts complete effort into a specific task. For as long as I can remember, I’ve always tried my best at school in fear of disappointing my parents. But, now as a more mature individual, my initiative to work hard is more for the reward from self satisfaction. I work hard in order to experience a feeling of relief when...

Words: 1368 - Pages: 6

Premium Essay

Summary: College Athletes Should Be Paid

...hard moment for him and his family. 10 minutes later he got a phone call from the Kansas City Chiefs asked him to be apart of their team. Within 2 weeks he was in Kansas City. He signed a 2 year contract for $400,000. Within 2 weeks he began training with the team. Doctors asked if he had been seriously injured, he answered no, thinking he hadn’t had any serious injuries. The Chiefs head trainer called him off the field. He let Stanley know he was playing with a cervical spinal injury, so he couldn’t play. The next day Stanley was headed home on a plane with questions...

Words: 1089 - Pages: 5