Sharpen the Saw: Principles of Balanced Self-Renewal

1
Sharpen the Saw Principles of Balanced
Self-Renewal

• Habit 7 of Highly Effective People

2

• Physical
• Spiritual
• Mental
• Social
• Daily Private Victory
• Sharpening the saw in the first three dimensions.
  
• Spend one hour a day in activities in these areas.

3
Competitive Advantage

• Being able to beat your competitors!!!
• How is it achieved?

4
Resource Based View
5
Firms should have .

• A set of resources that
• are hard to copy/imitate
• make a substantial competitive difference
• AND that are integrated together to enhance their
  effect!

6
OKC Stockyards

• What are their Core Competencies?

7
5 Forces Analysis

• Profitablity predicition!
• Is OKC able to use these to enhance profitability?

8
Ready For Success(RFS)
9
Purpose

• Preparing you for professional success!

10
RFS Project Steps

• The RFS procedure is simple but requires
  organization and action
• Selection of professional manager
• Approval of manager by instructor
• Initial contact to set appointment
• Follow-up contact to confirm appointment
• Interview with the manager
• Thank you note
• Write up report
• Instructor sends report to manager

11
Do select a manager who . . .

• You have some previous contact with
• Is working in an industry that is closely related
  to your major area of study
• Is from your home town

12
Do NOT select a manager who

• Is a relative or close friend
• No two students may use the same manager

13
Manager Contact

• Follow-up contact with confirming letter or email
• Be sure to include
• Thank you for their cooperation
• Brief description of project
• Introductory letter from me
• Your understanding of arrangement
• location, date, and time

14
RFS Manager Interview

• Call two days ahead to reconfirm details
• Be sure you know where to show up
• Be early!
• Go prepared with questionnaire and notebook

15
RFS Manager Interview

• Take extensive notes during the interview
• Be aggressive ask questions
• Be tactful and polite
• Leave the student evaluation with salesperson
• along with the instructor addressed
• stamped envelope
• and ask it be filled out and returned

16
Student Evaluation

• 1. First impression
• 2. Appearance
• 3. Manners
• 4. Personality
• 5. Attitudes
• 6. Communication skills
• 7. Quality and number of questions asked
• 8. Interest in management
• 9. Potential for management
• 10. If you were in the right position,
• would you give serious consideration to this
  person
• as a manager for your company?

To be completed by professional manager who
helped on the RFS
17
RFS Paper

• Write your first draft of the paper within 24
  hours
• Evaluation form and letter will be provided
• Paper will be sent back to the manager
• by your instructor at the end of semester!!

18
Three Themes

• Strategic Business Outlook
• 5 Forces Analysis
• Growth of Industry
• Core Competencies
• Assessment of Longterm Competitive Viability
• Employment Opportunities
• Overall Assessment
• Entry Requirements Self Assessment

19
RFS Paper

• At the end of the semester
• a revised copy of your RFS paper
• will be mailed by your instructor
• back to the person
• who you did your RFS with

20
IMPLEMENTATION PLAN

• Simply deciding what to do will not make it
  happen
• This execution phase is critical, and planning
  for it forces one to consider resource allocation
  and timing
• Called a Plan Of Action required to put the
  recommended alternative in
• Describe to be performed and their
  relationship to the recommendation
• A fair amount of detail or specifics is warranted
• Tasks identified and assigned

Actions
Place
General tasks
21
Video Specialized
22
Next Class

• What 2 opportunities should OKC Stockyards
  pursue? Why?