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Post by brichoux on Nov 10, 2013 22:08:58 GMT -6
INSTANT MBA: Don't Hang On To Your Past Success For Too Long
Success in the past is good to recognize for a period of time but you must not live in the past and build and improve on what you did well. Many people get stuck in what they've done in the past and cant focus on what they are doing currently. You have got to have a shelf life on your trophies because they don't mean much after a period of time if you quit preforming. The same things that made you successful in the past may change so you have to adapt to what you will help you do well now.
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Post by clayb1919 on Nov 10, 2013 22:24:01 GMT -6
This link talks about not getting the success of today confused with the past. I can relate to this link because I have done this before. I became complacent with the success i had in the past and temporarily lost a desire to succeed further. The main problem that i found with this is that i eventually started to run out of money.
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Post by jameciadavis on Nov 11, 2013 0:22:26 GMT -6
INSTANT MBA: Don't Hang On To Your Past Success For Too Long
I think that far too many companies use revenue and profits to measure their overall success. Even though these things are very important, it still does determine the company’s entire success. If you hold on to your past success for too long, it can hinder improvement,production, changes or innovation.
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Post by jessicareid on Nov 12, 2013 11:54:05 GMT -6
INSTANT MBA: Don't Hang On To Your Past Success For Too Long
This advice is to keep real tabs on what you have accomplished lately, so you aren't just coasting by on the good decisions of the past. Measurement tools such as profit or revenue will continue to be high after a few bad moves just as residual effects. It is important to know the difference so you never get caught off guard by under-performance. By being realistic and using controls that you know you can measure honestly, you have a more clear picture on how you are doing as a business person. I like this advice and find it to be very relevant as a student today. It's easy to slack off on studying for Test 3 when you made a 100% on Test 1, though you shouldn't allow yourself an opportunity like that where you could slip up and ruin what could have been an easy A class.
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Post by w0426116 on Nov 15, 2013 21:51:57 GMT -6
Bass is correct: One shouldn’t hold on to his past success for too long, otherwise they will get comfortable. Positive results are always a good thing, especially when formulating a business. However, just like with anything else, excessive celebrations over past victories are distractions and frowned upon. When a member of the basketball team scores a point, they do not dance and celebrate because the game isn’t over with until the clock strikes 0:00. When you score an A on a test in school, you don’t start celebrating too much, because you will stop studying and become too comfortable. Lastly, when running track, you do not raise your hands in victory until you have ran all the way through the tape.
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Post by datren on Nov 19, 2013 15:50:19 GMT -6
INSTANT MBA: Don't Hang On To Your Past Success For Too Long
In order for a company to be successful it must have a specific method. If a company wishes to stay in business and in competition innovation should play a key role in their strategy. This article discusses the topic of over-utilization of a past strategy. I both agree and disagree with this article. One should not be negligent to innovation, however 'do not fix what is not broken', because a focus on constant change can lead to missed opportunities and wasted money.
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Post by rpajares41 on Nov 21, 2013 12:43:02 GMT -6
Businesses cannot rest on what the company did a day, a week, a month, or a year ago; they always need to keep looking toward the future. The next big idea is around the corner so they can't rest on what they have accomplished. The main goal that a business should have is never looking back and becoming docile, it needs to continue to drive forward into the market and keep a fast pace to put constant pressure on their competition. If the competition takes time to celebrate what they do then that will allow another company to pass them by.
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Post by kristin on Dec 7, 2013 23:34:55 GMT -6
INSTANT MBA : Don't Hang On To Your Past Success For Too Long
This was an interesting read. Sometimes business leaders spend too much time celebrating successes instead of looking for ways they can plan for future successes. You must continue looking for new successes instead of “coasting” on old ones. If you just “coast” , you may miss opportunities to improve.
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Post by thomas129 on Dec 10, 2013 15:44:15 GMT -6
43 INSTANT MBA: Don't Hang On To Your Past Success For Too Long
This article makes a very good point. It is understandable to celebrate your success, but you do not want to hold onto your past success for too long. Previous success does not guarantee future success. Just because you do something great once, you can't assume you will be able to do it again. Keep looking forward and not celebrate old success for too long.
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