Macht, Widerstand, und Durchsetzung

"Macht bedeutet die Wahrscheinlichkeit, dass ein Individuum - in der Wirtschaft ein Unternehmen - seinen Willen auch gegen den Widerstand anderer Beteiligter durchsetzen kann."

Max Weber, Soziologe

The Psychology of Success

Matthew Herper, 10.18.02, 7:30 AM ET

NEW YORK - Eighty years ago, a 14-year-old John R. Simplot ran away from home because he was sick of milking cows. 

Eventually he built a fortune growing potatoes; he still supplies McDonald's (nyse: MCD - news - people ) with french fries. Sixty years later, Bill Gates dropped out of Harvard to run a small startup called Microsoft (nasdaq: MSFT - news - people ). Now, of course, he's the richest man in the world. 

Gates and Simplot are two of the world's most successful entrepreneurs. To psychologists, their stories raise fascinating questions. In what ways are the two men, born generations apart and raised in completely different surroundings, alike? More importantly, what makes them different from the great majority of people who never started a business, watched it succeed and become incredibly rich? 

After decades of what at first amounted to little more than guesswork, scientists are collecting data they think can answer those questions. Enticing clues indicate that telltale bits of psychology may spur people to start businesses and even help determine who succeeds and who fails. The venture capitalists of the future may use psychological profiles to pick entrepreneurs who are more likely to create winning companies. 

The first steps psychologists took toward understanding entrepreneurs were based on anecdote, not experiment. Alexander Zelaznick, a professor emeritus of psychology at Harvard Business School, says years of interviewing entrepreneurs led him to the dramatic conclusion that they simply did not feel risk, or weigh consequences, in the same way as other people. "To understand the entrepreneur," Zelaznick told The New York Times in 1986, "you first have to understand the psychology of the juvenile delinquent." 

"That's a great quote," responds Kelly Shaver, a professor of psychology at William Mary College who is working in the field today. "But I think it's really not true." 

Anecdotal evidence created a caricature of the typical entrepreneur: A young man with an appetite for risk and a persuasive personality, a gifted salesman with an independent streak. "I'd say the evidence that entrepreneurs have a particular personality 'type' is mostly unconvincing," says Shaver. However, he says, data collected over the last decade has allowed psychologists to confirm--or disprove--parts of this picture. 

Take for instance, the notions that entrepreneurs are risk takers. Robert Baron, a psychologist at Rensselaer Polytechnic Institute, has shown that entrepreneurs are more successful when they are persuasive and have strong social skills--in other words, that being a charismatic salesman is a big help. That would be no surprise to Apple Computer) CEO Steve Jobs, famed for being so convincing he seems to temporarily distort reality. 

Here, though, another problem rears its head. Most studies of entrepreneurs look only at people who have been successful. That is, they pick out people who have already founded businesses. Instead of first finding entrepreneurs and then asking what makes them successful, researchers are left looking at a group of winners, at least relatively speaking. 

To make matters worse, researchers often have asked these entrepreneurs to describe themselves at their career's beginning. This, it turns out, is almost impossible for anyone to do. We all craft stories about our lives that exaggerate some factors while leaving others out. Could Larry Ellison really give an accurate assessment of what was going through his mind when he founded Oracle (nasdaq: ORCL - news - people ), even if he wanted to? 

Shaver and some of his colleagues are trying to get around this through a survey called the Panel Study of Entrepreneurial Dynamics, which began in 1995. 64,622 American households were called at random, and, from this large group, the researchers found 800 entrepreneurs who had not been in business more than three months. They also assembled a representative sample of 400 people to use as a control group. 

Each participant in the study answered a 15-page questionnaire. From this data, Shaver and others have already been able to draw some basic conclusions. For instance, entrepreneurs and normal people seem to worry equally about financial autonomy and/or a feeling of being motivated in their jobs. Neither a need for financial nor personal independence seems to have caused any of these people to start their own business. 

Nor, says Shaver, do the entrepreneurs seem to be devil-may-care risk takers. Only a subtle difference in the way they appreciate risk emerged. The entrepreneurs are worse at coming up with reasons they might fail. "Being able to generate more unpleasant possibilities might be making non-entrepreneurs more afraid," Shaver says, but we don't know that. 

So far there is one other big difference between those who go into business for themselves and those who don't, Shaver says. Entrepreneurs don't care what other people think about them. "They really don't care as much," Shaver says. "They're just happy to go ahead and do what they're doing." 

Statistically speaking, then, Simplot and Gates would seem to have two things in common: They have trouble imagining failure, and they don't care what you think.

Source : (http://www.forbes.com/2002/10/18/1018profile.html)

Love, Timidity, and Boldness

"…The first symptom of true love in a man is timidity, in a young woman, boldness. This is surprising, and yet nothing is more simple. It is the two sexes tending to approach each other and assuming each the other’s qualities."

Victor Hugo, Les Misérables

Keeping The Dream Alive

I'm grateful that by 25, I am already able to pull together some resources - which by convention would actually take quite some time to accumulate. Had I stayed on the conventional path, it would have turned out differently for me. I've always wanted to make deals. As many as possible. In fact, I am already making a lot of deals. In the Bs. In my head.

‎"Seluruh dunia termasuk Malaysia sedang bergelut dengan arus deras globalisasi. Memang tidak dinafikan globalisasi membawa peluang yang lebih terbuka yang perlu direbut untuk kepentingan negara kita. Pada masa yang sama, globalisasi juga membawa cabaran dan bahaya, lebih-lebih lagi bagi negara kecil dan sederhana seperti Malaysia. Kita perlu merebut peluang khususnya daripada proses integrasi ekonomi dan pasaran yang terbuka. Kita perlu memanfaatkan pengaliran modal, barangan, perkhidmatan, maklumat, pengetahuan dan teknologi yang berlaku dengan pantas dan berterusan untuk meningkatkan kelebihan bandingan atau 'comparative advantage' kita" 

- Tun Abdullah Ahmad Badawi

My first deal of substance should come by 2014. Or early 2015. I haven't identified anything specific as yet. But I would like to stay in the construction business. The timing to launch something then is actually quite perfect. By 2015, ASEAN is going to form the Asean Economic Community. It is going to open up an economy of 600 million people. Many people haven't seen this coming. But it is what it is - a huge potential for those within and without.

I love to live large. That's why the next couple of months is going to be something exciting. As an update, it is highly likely that it won't be necessary for me to move to Vienna although the company which I'm working with - M*ndi AG - is actually located there. So I will still be visiting the city every now and then throughout this period. No rules shall be broken and I can be quite open about it from now on. And I'm expecting a truly international experience. Because this particular project I'm working on will require me to make travel(s) to the Czech Republic as well - in order to study a system developed by another company. I am grateful that my professor - whom I truly admire - has given me this great opportunity to grow.

While I was on my way back to Germany last September, I had a long transit in Dubai. I met a Cypriot businessman and since we both didn't know what to do, had a long nocturnal chat over Burger King. He imports poultry from Nigeria to Cyprus. Among other things. He actually advised me to work in Germany for a couple of years in order to gather capital and experience. It's a nice idea which is worth considering. What I found great was the nature of his business. It takes foresight and a view beyond the borders of your own country to be able to do that. In the ASEAN context, my eyes are set on Vietnam, Thailand, Malaysia (of course), and Indonesia.

Keep on dreaming and taking actions!

Transcendence of Comfort Zone

Risk-taking is a double-edged sword. On the one hand, it poses an array of possibilities which may encompass loss, the undoing of efforts, and at its most extreme, being detrimental to the whole existence of an entity. On the other hand, it offers you the chance to progress beyond your current capacities.

To remain within a familiar territory is without doubt the path with the least resistance. It is after all, something that used to be foreign - and like every other uncharted territory, was easily not the easiest to adapt to. And because the world is a big place, eternally remaining under the proverbial 'tempurung' should never be an option. There is just too much that we might miss out on.

Competitiveness is when you know you are up to the challenges that the world has to offer. But before that, the challenges themselves have to be recognized. There is no better way to recognize them than through the gift of experience.

So when my professor offered for me to write my thesis at a specific company located in a great European city last November, my imaginations ran wild. Despite of the hurdles. Which include having to keep it a highly discreet move for an avoidance of conflicts with certain parties. All because I was given an offer I couldn't refuse.

P/S: My thesis, by the way, would revolve on the topic of risk management.