Management Guru Tom Peters on Benchmarking

To grow, companies need to escape of the vicious cycle of competitive benchmarking, replication, imitation that’s so much in vogue today. A company cannot simply be remarkable by following some other remarkable business. Here is a classic video of Management Guru Tom Peters discussing the pointless exercise of benchmarking: I hate Benchmarking! Benchmarking is Stupid! […]

Difference between a Hotel and a Motel

The commonly acknowledged distinction between the definition of a hotel and that of a motel is based upon the means of access to the rooms. Most hotels have interior hallways to the rooms. A guest is expected to leave his car in the hotel’s parking lot, enter through the hotel’s lobby, perhaps take an elevator, […]

Microsoft Ends its “Stack Ranking” Forced Ranking System

Per the following memo from Lisa Brummel, the head of human resources, Microsoft is ending the “stack rank system,” Microsoft’s adaptation of the forced ranking performance management system. To Global Employees, I am pleased to announce that we are changing our performance review program to better align with the goals of our One Microsoft strategy. […]

All you wanted to know about Carnival Cruises’ ‘Cruise Elegant’ and ‘Cruise Casual’ Dress Codes

One of the topics that continues to be a mystery to many cruisers and leads to many threads on the cruisers’ internet forums is the topic of dress codes for the “formal nights” organized on many cruises. Almost all cruise lines have a dress code of some type. If a tuxedo is required on a […]

Did you know that AOL Missed an Opportunity to Acquire 20% Stake in Amazon.com?

Opportunity knocks but once. Opportunity offers no benefit to a business that is not prepared to see it, seize it, and use it to gain competitive advantage and financial success. Few companies have shunned more long-term opportunities in the pursuit of myopic strategies than AOL as illustrated by it’s failure to acquire a 20% stake […]

Carnival Cruise’s Newlywed and Not-So-Newlywed Game

On Carnival Cruises trips, the Cruise Director hosts the hilarious Newlywed and Not-So-Newlywed Game. Usually, the Cruise Director chooses three couples from among the audience: the most newly wed couple (chances are that there might be a couple that got married during the cruise), the couple that’s been married the longest, and a couple a […]

Sri Ramakrishna Paramahamsa Tells Stories: Divine Grace or the Parable of Jatila and Madhusudhan

Sri Ramakrishna Paramahamsa (1836–1886,) the eminent Hindu mystic of 19th-century India, used stories and parables to portray the core elements of his philosophy. The meaning of Sri Ramakrishna Paramahamsa’s stories and parables are usually not explicitly stated. The meanings are not intended to be mysterious or confidential but are, in contrast, quite uncomplicated and obvious. […]

The Shared History of Singapore Airlines and Malaysia Airlines

In the year 1947, the Malayan Airways Limited (MAL) was established with an initial fleet of twin-engined Airspeed Consuls. The first scheduled Malayan Airways flight took place in May 1947 with an Airspeed Consul aircraft carrying five passengers onboard. Passengers helped themselves with the only refreshment made available for the passengers: a flask of iced […]

Mungerisms: Charlie Munger’s 100 Best Zingers of All Time

Devotees of Charlie Munger don’t hear a lot from him, particularly in comparison to the frequency of media appearances that his partner at Berkshire Hathaway Warren Buffett makes. But, when Charlie Munger talks, follower’s can be sure they’re always colorful. Charlie Munger is Warren Buffett’s partner and Vice-Chairman at Berkshire Hathaway, the investment conglomerate. In […]