The Real-Life MBA Within the book, The Real-Life MBA by Jack and Suzy Welch, there are a great number of takeaways that can be used within the business world, whatever sector that may be. Within the ski industry these same principles of business apply. Being invested within the ski industry for the greater portion of my life I was able to apply much of the advice provided within the book to my career. Core structuring and investments are critical steps in creating a lasting successful business and throughout this paper I will highlight a few points that I found to be very useful. The first point is called, “eyes wide open” within the book (pg. 45). This discusses how a new vision or outlook of the company can really help the business propel
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68). Discernment in summary is good judgment, or as the Welch’s (2015) put it, “it’s a combination of business savvy, cultural sensitivity, and good old wisdom” (pg. 68). Discernment is a quality learned overtime and experience within a particular industry or business. It is a priceless skill because of the benefits that stem from a quality persona. With a person who possesses discernment in charge of a business, the business will likely prosper due to their decisions and ideas. For an example I give you an opposite of ideal person who did not have discernment. Mr. Ariel Quiros. The past owner of Burke and Jay Peak resorts. This guy had plenty of cash and knowledge of how to make money, but he did so in an ill manner. Mr. Quiros used EB-5 investment funds to generate money to complete new projects at Burke and Jay Peak along with some other areas. Mr. Quiros did so illegally as we know now, but the focus of this discussion is that he lacked discernment for the business culture, and communities involved. Quiros severed ties between Kingdom Trails Association and produced plans to destroy a Burke mountain staple, known as the Bear Den lodge. By doing so Quiros angered the community surrounding Burke Mountain and created a vibe around the business that was poor. Although, Quiros left in his rein a new hotel and many new developments at Jay Peak the sour taste of ill gotten gains remains in the air. If Quiros had discernment in his …show more content…
190). This section I felt really hit it home. The section talks about how there needs to be a balance or as the book uses as terminology, “work life choice”. Work-life choice seems like an appropriate name for this subject as work –life balance implies a perfect balance between the two, or even a large separation of life and work. Within the ski industry it is not only a choice but largely a demand to be involved heavily, year round with the sports. So in reality my work-life choice is nearly 80-20%, Meaning the majority of my time is spent at or thinking about work. Luckily for me, I love the career I chose and work is fun, so the work-life and life-life tend to meld together. This comparison of work and life is different for every person of course, largely based upon each individual’s values. This goes to show that a person’s values are indicative of what kind of job and level of commitment they will have. In the future this knowledge of values effecting job performance and passion will influence my decisions when presented with the chance of hiring new
68). Discernment in summary is good judgment, or as the Welch’s (2015) put it, “it’s a combination of business savvy, cultural sensitivity, and good old wisdom” (pg. 68). Discernment is a quality learned overtime and experience within a particular industry or business. It is a priceless skill because of the benefits that stem from a quality persona. With a person who possesses discernment in charge of a business, the business will likely prosper due to their decisions and ideas. For an example I give you an opposite of ideal person who did not have discernment. Mr. Ariel Quiros. The past owner of Burke and Jay Peak resorts. This guy had plenty of cash and knowledge of how to make money, but he did so in an ill manner. Mr. Quiros used EB-5 investment funds to generate money to complete new projects at Burke and Jay Peak along with some other areas. Mr. Quiros did so illegally as we know now, but the focus of this discussion is that he lacked discernment for the business culture, and communities involved. Quiros severed ties between Kingdom Trails Association and produced plans to destroy a Burke mountain staple, known as the Bear Den lodge. By doing so Quiros angered the community surrounding Burke Mountain and created a vibe around the business that was poor. Although, Quiros left in his rein a new hotel and many new developments at Jay Peak the sour taste of ill gotten gains remains in the air. If Quiros had discernment in his …show more content…
190). This section I felt really hit it home. The section talks about how there needs to be a balance or as the book uses as terminology, “work life choice”. Work-life choice seems like an appropriate name for this subject as work –life balance implies a perfect balance between the two, or even a large separation of life and work. Within the ski industry it is not only a choice but largely a demand to be involved heavily, year round with the sports. So in reality my work-life choice is nearly 80-20%, Meaning the majority of my time is spent at or thinking about work. Luckily for me, I love the career I chose and work is fun, so the work-life and life-life tend to meld together. This comparison of work and life is different for every person of course, largely based upon each individual’s values. This goes to show that a person’s values are indicative of what kind of job and level of commitment they will have. In the future this knowledge of values effecting job performance and passion will influence my decisions when presented with the chance of hiring new