By Tom Butler-Bowdon
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The family had so little money that Warren’s mother often skipped her dinner to give her husband a full portion. This period of lack apparently had a big effect on Warren. The second of three children and the only son, he was obsessed with numbers and facts and confessed very early on his desire to be rich. A favourite boyhood book was One Thousand Ways to Make $1000. Howard Buffett eventually ran a successful stock brokerage and also achieved a surprise election to Congress in 1942 as a Republican.
After the reprimand, the manager reminds the person how much they are valued. The second part of the story attempts to explain why one minute management works. ” We like to know how we are doing, and if we are doing well we feel good. ” Simple but effective. One minute praisings are also effective for motivational reasons. It is rare to find someone who knows how to do everything well from day one; you have to put some effort into training. ” Discipline doesn’t work with people who are not secure in what they are doing, only encouragement does.
From this point on staff know exactly what is expected of them and will rarely come to the boss with problems—they know they are hired to solve them. ❖ Staff should reread the goals frequently as a means of ensuring that 31 KENNETH BLANCHARD & SPENCER JOHNSON performance matches expectations. They should also provide detailed records of progress for the managers. ” This allows for “one minute praisings,” which provide immediate and specific positive feedback on actions undertaken. ” This stern rebuke is of the action or behavior, not the person, and the manager will express consternation that it is not up to the staff member’s usual high standards.
50 Success Classics: Winning Wisdom for Work & Life from 50 Landmark Books by Tom Butler-Bowdon