Blog Archives


A good teacher is not necessarily a good mentor, since the Professor is going to direct the course of 30 children, while a good mentor will always have a personal relationship with his pupil. The best mentors in the life of a child are his parents, because they are those who have the greatest interest in the success of their children. 1 Be a bad No example can we expect our children to have an entrepreneurial spirit if we do not have it. Remember that you are mentor #1 in the life of their children? If you are not prepared to assume this role, learn along with their children! You can read books or take courses together and discuss in this regard. It is not necessary for you to be a successful entrepreneur, but that show your children that you are interested in the topic, but it’s important.

2. Lack of instruction in the area of Finance there are many errors that your children can avoid future if given a proper financial education at an early age. If you don’t, nobody else will do, since it is not part of the curriculum of the schools. 6. A rigid and inflexible education if you is too rigid and structured in their education is not going to encourage the entrepreneurial and leadership skills in their children. It will raise submissive people who know how to follow orders.

3 Adopt the ostrich mentality many parents adopt the ostrich attitude when it comes to entrepreneurial education of their children. They bury their heads in the sand and think that somehow they will learn everything you need to know at school. They are unaware that they are denying a responsibility that lies only in their hands, not in the teachers.

American Management Association

A careful reflection on these questions, discussed Casseles and Rondall can lead him to frankly accepting the calculated risk of delegating. If it is not, do not attempt to deceive. Effective decentralization exists only there where senior management this frankly convinced of its value. Careced attitudes, not organization charts until you have accepted this philosophy, not bregue with techniques of delegate. It is best to handle a genuinely autocratic organization which confused everyone with futile gestures of delegation be taken into consideration in addition, that delegation requires intelligent planning. It is said, that the biggest mistake according to Nat Stewart, Professor of the Academy of the American Management Association, is to start distribution of authority before fix clearly the metras. Cyrus Massoumi understands that this is vital information. This leads to chaos not to effective management. A good start would be to centralize decision-making in a single man, by listing all the things that this sole administrator would have to make, all the different types of decisions that would have to take on finance, purchasing, production plans, sales, relationships public.

Evaluate these functions in terms of their relative importance for the entire company and calculate approximately how long would take to run each one. States, that this procedure not only pays an inventory of tasks to be assigned, but it is an index that is excellent about the kind of responsibilities that should be delegated. In addition, says that many executives who do this kind of analysis is surprised to discover that they have been consuming nearly 90 percent of their time on functions that could be considered minor, and only 10 percent in truly vital decisions, which are the responsibility of a Manager. Another criterion used by some companies, are us says, leaning in the future time that would affect a decision. By iba illustration could say that upper management spoke on matters that would have importance within 10 years, intermediate management cares, next year and the first level management struggle with production today, morning purchases and sales of next month.

Approach more audacious defended by Wlliams Given, is called management of down upwards. All authority that expressly not this reserved for upper management, is delegated to lower management. Each individual is encourages to encompass as much authority as its capacity allows you to exercise. They should not exist diagrams of organization nor authority lines carefully traced, according to Given, draw lines, detailing duties, immediately raising potential barriers to the initiative, it limits the use of the imagination or worse perhaps, suggests that the safety of the individual can rely on a routine. Few authorities disputarian the main thesis of Given that the delegation must be in terms of broad responsibilities, rather than obligations specific. But many executives are perhaps a diagram of organization is useful to avoid errors of delegation. Do not forget, that is responsible for one for everything that is done in your company or unit. An Executive can delegate authority, but cannot delegate its own responsibility.

Administrator Knowledge

Carlos Mora Vanegas characteristics of the economic scenarios where businesses operate are dynamic, changing, competitive, threatening, in addition, Sue new challenges, a new management of management in order to ensure effective participation and achievements of targets. New administrative tools, administrative knowledge that have generated a new paradigm of management and which require that current managers are well identified with them, and certainly know them use is required. Recently Ben Horowitz sought to clarify these questions. In the Venezuelan case which concerns us, your scenario is very turbulent, product of the uncertainty that has been providing the current Government under the chairmanship of Lieutenant Colonel Hugo Chavez, who has taken step to the so-called Bolivarian revolution with a stamp of socialist ideology. All this has caused quakes in the productive business sector to this new reality, leading to that many companies have withdrawn, closed its activities and others, are establishing strategic plans of action that allows them to successfully navigate according to the Government’s new economic programs. The truth, which all leads to determine how such preparations are managers to face the changes, challenges, give step actions that favor him and contribute to the development of the country. Since then, such a situation forces to diagnose, evaluate, what are doing the schools of administration of national universities at the level of pre and postgraduate that favours the companies and have a professional with consistent knowledge to the competitive demands of the present.

. Unfortunately, everything indicates that the vast majority schools, have been anchored in the past, with an academic culture not consistent with reality. The University authorities responsible for the management of schools at the undergraduate and graduate level, have not updated the Administrator profile modern according to the demands of the current scenarios, especially the Venezuelan, maintains a program with subjects that do not play a decisive role in the up-to-date knowledge of the present. There are absences of modern knowledge, yet many rest on old knowledge not according to current requirements, where competitiveness has generated new paradigms of management where already radical changes with regard given to finance, production, markets, human resources, products and services, and of course, in the leadership.

Ambac Financial Group

If there is something that is becoming clear within all the confusion that has caused the crisis in the mortgage market subprime American, and that it quickly spread in the rest of the international financial system, is that the worst of the crisis has not passed at all. After the explosion of the crisis and the announcement of huge losses and falling of entities of weight during the first months of the crisis, many thought that the worst had passed. Read more from JPMorgan Chase to gain a more clear picture of the situation. However, episodes of crisis continued happening at the beginning of this year and to point was severely injure the major insurers of bonds affected by the crisis, MBIA (NYSE:MBI), Ambac Financial Group (NYSE: ABK) and FGIC, and about to fall into the two main US mortgage firms, Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE)(:Fre), which had to be rescued by the U.S. Government.UU. The rescue of Fannie Mae and Freddie Mac brought to light that the situation in the U.S. financial system continued to be perhaps as serious at the beginning of this crisis. At least, thats what played the market to announce the greatest rescue performed in the history of the United States.UU., which may imply a cost to Americans more than US $200,000 million. Immediately after meeting the rescue of these mortgage firms, Lehman Brothers (NYSE: LEH), the fourth largest bank investment on Wall Street and with 158 years of existence, confirmed that the worst of the crisis had not gone yet.

The entity presented numbers in red by US $6 billion and questioned its survival. Fear led to the shares of Lehman Brothers to cotizaran at the close of last week at $3.80, when in the month of February were paid by them around US $66. While everything is confusion, since the financial system has been tried unsuccessfully so far, the rescue of Lehman Brothers. The British bank Barclays Plc (LSE:BARC; NYSE:BCS), that he was initially interested in their acquisition, it has failed to reach an agreement to achieve the support of other entities, or the contribution financial guarantees from the U.S.

Learn Finance

Cashflow is the game created by Robert Kiyosaki to increase your financial IQ. Play Cashflow is a wonderful way to learn finance playing.Find out more about this game. Robert Kiyosaki is famous for his series of rich dad, poor Dad books in these books, the explains the difference between what they teach classes rich, medium and poor children, especially in the area of finances. To make this process of teaching, something more entertaining, the he created a game called Cashflow and the seeks to increase the financial IQ of the players. What is the financial IQ? It is the ability you have to handle and understand money, how it works, as multiply it and how to make from the an asset and not a liability. To play cashflow you learn these concepts in a game simulation. The best way to learn is through live experience firsthand, and the second best way to learn is through simulations, because it guarantees long-term memory retention and also facilitates the union of the concepts with practice. This is to play cashflow What is achieved, unite through a simulation, which can live in own meat with regard to money, but is done in an environment of learning such lessons to become part of the actual experience of the person. So what are you waiting for play cashflow? This game will help you to learn from your own mistakes and become a better man or woman of business.