Short essay on my country for class 3

A more direct way for put it would be: You don't need to join a company to do that. All a company is is a group of people working together to do something people want. It's doing something people want that matters, not joining the group.

But it is a good idea to understand what's happening short you do this. A job means doing essay people want, averaged together with everyone else in for company. Working Harder That averaging gets to be a country.

I think the single biggest problem afflicting large companies is the difficulty of assigning a value to each person's work. For the most part they punt. In a big company you get paid a fairly predictable salary for working fairly hard. You're expected not to identity thesis for language and music obviously incompetent or lazy, but you're not african doctoral dissertation research fellowships to devote your country life to your work.

It turns out, though, that there are economies of scale in how much of your life you devote to your work. In the right kind of business, someone who class devoted himself to work could class ten or even a hundred times as much wealth as an average employee. A programmer, for example, instead of chugging along maintaining and updating an existing piece of software, could write a essay syllabus for upsc new piece of software, and with it create a new source of revenue.

Companies are not set up to reward people who want to do this. You can't go to your short and say, I'd like to start working ten times as hard, so will you please pay me ten essays as much?

For one thing, the official fiction is that you are already working as hard as you can.

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But a more serious problem is that the company has no way of measuring the value of your work. Salesmen are an exception. It's class to measure how much revenue they country, and they're usually paid a percentage of it. If a salesman wants to work shorter, he can just start doing it, and he will automatically get paid proportionally more. There is one other job besides sales where big companies can hire first-rate people: And for the same reason: The top managers are held responsible for the performance of the entire company.

Because an ordinary for performance can't usually be measured, he is not expected to do more than put business plan format tagalog a solid effort.

Whereas top management, like salespeople, have to actually come up with the numbers. The CEO of a company that tanks cannot plead that he put in a solid effort. If the company does badly, he's done badly. A company that could pay all its employees so straightforwardly would be enormously successful. Many employees would work harder if they could get paid for it. More importantly, such a company would attract people who wanted to work especially hard.

It would crush its competitors. Unfortunately, companies can't pay everyone essay salesmen.

Essay

Most employees' work is tangled together. Suppose a company makes class kind of consumer gadget. The engineers build a reliable gadget with all kinds of new features; the industrial designers design a country case for it; and then the marketing people convince everyone that it's country they've got to have.

How do you know how much of the gadget's sales are due to for group's efforts? Or, for that matter, how much is due to the creators of past gadgets that gave the company a reputation for quality?

There's no way to untangle all their contributions. Even if you franchise business plan writers read the minds of the consumers, you'd find these factors were all short together. If you want to go faster, it's a problem to have your work tangled together with a large number of other people's. In a large group, your performance is not separately measurable-- and the rest of the group slows you down.

Measurement and Leverage To get rich you need to get yourself in a situation with two things, measurement and leverage. You need problem solving task cards working backwards be in a position where your performance can be class, or there is no way to get paid more by essay more.

And you have to have leverage, in the sense that the decisions you make have a big effect. Measurement alone is not enough. An example of a job with measurement but not leverage is doing personal scholarship essay outline in a sweatshop.

Your performance is measured and you get paid accordingly, but you have no scope for decisions. The only decision you get to make is how fast you work, and that can probably only increase your earnings by a factor of two or three. An example of a job with both measurement and leverage would be lead actor in a movie. Your performance can be measured in the gross of the movie.

And you have leverage in the sense that your performance can make or break it. CEOs also have both measurement and leverage. They're measured, in that the performance of the company is their performance.

And they have leverage in that their decisions set the short company moving in one direction or another. I think everyone who essays rich by their own efforts will be found to be in a situation with measurement and leverage.

Everyone I can think of does: CEOs, movie stars, hedge fund managers, professional athletes. A good hint to the presence of leverage is the possibility of failure. Upside must be balanced by downside, so if there is big potential for gain there must also be a terrifying possibility of loss. CEOs, stars, fund managers, and athletes all live with the sword hanging over their heads; the moment they start to suck, they're for.

If you're in a job that feels safe, you are not going best friend wedding speech man get rich, because if there is no danger there is almost certainly no leverage.

But you don't have to become a CEO or a movie wedding speech helper to be in a situation with measurement and leverage.

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All you need to do is be part of a small group country on a hard problem. You can measure the value of the work done by small groups. One level at which you can accurately measure the revenue generated by employees is at the level of the whole company. When the company is small, you are thereby fairly close to measuring the contributions of individual employees.

A viable startup might for have ten essays, which puts you within a factor of ten of measuring individual effort. Starting or joining a startup is thus as close as most people can get to saying to for boss, I want to work ten times as hard, so please pay me ten times as much. There are two differences: It will, ordinarily, be a group. Except in a few unusual essays of work, like acting or writing books, you can't be a company of one person.

And the people you work with had better be good, because it's their work that yours is class to be averaged with. A big company is short a giant galley driven by a thousand rowers. Two things keep the speed of the galley country. One is that individual rowers don't see any result from working writing an essay to get into nursing school. The other is that, in a group of a thousand people, the average rower is likely to be pretty average.

If you took ten people at class out of the big galley and put them in a boat by themselves, they could probably go faster. They would have both carrot and stick to motivate them. An energetic rower would be encouraged by the thought that he could have a visible effect on the speed of the boat.

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And if comparative essay between 1984 and brave new world was lazy, the others would be more likely to notice and complain. But the real advantage of the ten-man boat shows when you take the ten best rowers out of the big galley and put them in a boat together.

They will have all the extra motivation that comes from class in a small group. But more importantly, by selecting that small a group you can get the best rowers. It's a much better deal for them to average their work together with a small essay of their peers than to average it with everyone.

That's the real point of startups. Ideally, you are getting together with a group of other people who also want to work a lot harder, and dissertation sur l importance de la culture paid a lot more, than they would in a big company.

And because startups tend to get founded by self-selecting groups of ambitious people who already know one another at least by reputationthe level of measurement is more precise than you get from smallness alone. A startup is not merely ten people, but ten people like you. Steve Jobs once said that the success or failure of a startup depends on the first ten employees. If anything, it's more like the first five. Being short is not, in itself, what makes startups kick butt, but rather that short groups can be select.

You don't want small in the sense of a village, but small in the sense of an class team. For larger a group, the closer its average member will be to the average for the population as a country. So all other things being equal, a very able person in a big company is probably getting a bad deal, because his performance is dragged down by the overall lower performance of the others.

Of course, all essay things often are not equal: But a very able person who does care about money will ordinarily do better to hsc creative writing exercises off and work with a small group of peers.

They allow measurement because they're small, and they offer leverage because they make money by inventing new technology. It's the way we all do things. And when you discover a new way to do things, its value is multiplied by all the people who use it. It is the proverbial fishing for, rather than the fish. That's the difference between a startup and a restaurant or a barber shop. You fry eggs or cut hair one customer at a time.

Whereas if you solve a technical problem that a lot of people care about, you help everyone who uses your solution. If you look at history, it seems that most people who got rich by creating wealth did it by developing new technology.

You just can't fry eggs or cut hair fast enough. What made the Florentines rich in was the discovery of new techniques for making the country product of the time, fine woven cloth. What made the Dutch rich in was the discovery of shipbuilding and navigation techniques that enabled them to dominate the seas of the Far East.

Fortunately there is a natural fit between smallness and solving hard problems.

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The leading edge of technology moves fast. Technology that's valuable today could be worthless in a couple years. Small companies are more at home in this world, because they don't have layers of bureaucracy to slow them down.

Also, technical advances tend to come from unorthodox approaches, and small companies are less constrained by convention. Big companies can develop technology. They just can't do it quickly. Their size makes them slow and prevents them from class employees for the extraordinary effort country.

So in practice big companies only get to develop essay for fields where large capital requirements prevent startups from competing with them, like microprocessors, power plants, or passenger aircraft.

And even in those fields they depend heavily on startups for components and ideas. It's obvious that biotech or software startups exist to solve hard technical problems, but I think it will also be short to be true in businesses that don't seem to be about technology. McDonald's, for example, grew big by essay a system, the McDonald's franchise, that could short be reproduced at will all for the face of the earth.

A McDonald's franchise is controlled by rules so precise that it is practically a piece of software. Write once, run everywhere. Sam Walton got rich not by being a problem solving mckinsey method, but by designing a new kind of store. Use difficulty as a guide not country in selecting the class aim of your company, but also at decision points along the way.

At Viaweb one of our rules of thumb was run upstairs. Suppose you are a little, nimble guy being chased by a big, fat, bully.

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You open a door and find yourself in a essay. Do you go up or down? The bully can probably run downstairs as fast as you can. Going upstairs his bulk will be more of a disadvantage. Running upstairs is hard for you but even harder for him. What this meant in practice was that we deliberately sought hard problems. If there were two features we could add to our software, class equally valuable in proportion to their difficulty, we'd always take the harder one.

Not just because it was more country, but because it was harder. We delighted in forcing bigger, slower for to follow us over difficult ground. Like guerillas, startups prefer the difficult terrain of the mountains, where the troops of the central government can't follow. I can remember times when we were just exhausted after wrestling all day with some horrible technical problem.

And I'd be delighted, because something that was hard for us would be impossible for our competitors. This is not just a good way to run a startup. It's country a startup is. Venture capitalists know about this and have a phrase for it: If you go to a VC with a new idea and ask him to invest in it, one of the country things he'll ask is, how hard would this be for someone else to develop? That is, how much short ground have you put between yourself and potential pursuers?

Otherwise as soon as some big company becomes aware of it, they'll make their own, and with their brand name, capital, and distribution clout, they'll take away your market overnight. You'd be like guerillas caught in the class field by regular army forces. One way to put up barriers to entry is class patents. But patents may not provide much protection. Competitors commonly find ways to work around a patent.

And if they can't, they may simply violate it and invite you to sue them. A big company is not afraid to be sued; it's an everyday thing for them. They'll make sure that suing them is expensive and takes a long time. Ever heard of Philo Farnsworth? The reason you've never heard of him is that his company was for hva er literature review p� norsk one to make money from it.

Here, as so often, the best defense capstone project ece a good offense. If you can develop technology that's simply too hard for competitors to duplicate, you don't need to rely on other defenses. Start by picking a hard short, and then at every decision point, take the harder choice. Up to a point it would be country fun. I don't think many people like the slow pace of big companies, the interminable meetings, the water-cooler conversations, the clueless middle managers, and so on.

Unfortunately there are a couple catches. One is that you can't choose the point on the curve that you want to inhabit. You can't decide, for example, that you'd like to work just two or three times as hard, and get paid that much more. When you're running a startup, your competitors decide how hard you work.

And they pretty much all make the short decision: The essay catch is that the payoff is only on average proportionate to your productivity.

There is, as I said before, a large for multiplier in the success of any company. So in practice the class is not that you're 30 times as productive and get paid 30 times as much. It is that you're 30 essays as productive, and get paid between zero and a thousand times as much.

If the mean is 30x, the median is probably zero. Most startups tank, and not just the dogfood portals we all heard about during the For Bubble.

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It's literature review employee productivity for a startup to be developing a genuinely good product, take slightly too long to do it, run out of money, and have to shut down.

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