the ceos school: on your mark. are you ready? thomas li-ping tang, ph.d. theresa li-na tang, m.s
TRANSCRIPT
The CEOS School:The CEOS School:On your mark.On your mark.
Are YOU Ready?Are YOU Ready?
Thomas Li-Ping Tang, Ph.D.Thomas Li-Ping Tang, Ph.D.
Theresa Li-Na Tang, M.S.Theresa Li-Na Tang, M.S.
Are You a CEO?Are You a CEO?
Yes?Yes?
No?No?
Don’t Know??Don’t Know??
Maybe???Maybe???
On a 5-point ScaleOn a 5-point Scale
1 2 3 4 51 2 3 4 5
No, I am not Yes, I am.No, I am not Yes, I am.
You Are Only Limited by You Are Only Limited by
Your own limitations and/orYour own limitations and/or
Your acceptance of Your acceptance of
Other’s Criticisms Other’s Criticisms
Other’s SuggestionsOther’s Suggestions
Other’s LabelsOther’s Labels
How to become a CEO?How to become a CEO?
It depends on your Self conceptIt depends on your Self concept
BeBe
DODO
HaveHave
You Are Only Limited by You Are Only Limited by
Have you seen a cartoon called Have you seen a cartoon called DumboDumbo??
Are you turning your talents into your Are you turning your talents into your limitations or liabilities?limitations or liabilities?
Do you recognize your talents? Do you recognize your talents?
Cool Springs Mall, Franklin, TNCool Springs Mall, Franklin, TN
Moores LaneMoores Lane
Dan MooreDan Moore
College Fair in High SchoolCollege Fair in High School
A Recruiter stopped himA Recruiter stopped him
You have 2 doubts in your mind.You have 2 doubts in your mind.
2 doubts?2 doubts?
I am not qualifiedI am not qualified
I do not have the moneyI do not have the money
Do you know which school did the Do you know which school did the recruiter represent?recruiter represent?
Harvard !!Harvard !!
Most people do not think about going Most people do not think about going to Harvardto Harvard
2 doubts?2 doubts?
Do you have the same 2 doubts Do you have the same 2 doubts becoming a CEO?becoming a CEO?
I am not qualifiedI am not qualified
I do not have the moneyI do not have the money
Imagination is the key.Imagination is the key.
Set your GoalSet your Goal
The sky is the limit, no limitThe sky is the limit, no limit
I am a winner ? !I am a winner ? !
Do you feel like a winner if you are a Do you feel like a winner if you are a winning Champion winning Champion in a competition in a competition with a million competitors? with a million competitors?
1 in a Million1 in a Million
A Gold medalist of an Olympic game.A Gold medalist of an Olympic game.
Why don’t you feel like a winner?Why don’t you feel like a winner?
Because it was not on TV.Because it was not on TV.
No one was watching it.No one was watching it.
Don’t let others define what you can Don’t let others define what you can do.do.
Becoming a WinnerBecoming a Winner
Losers let things happen, winners Losers let things happen, winners make things happen.make things happen.
When a Baby was born When a Baby was born
Did GOD label this baby as a CEO Did GOD label this baby as a CEO and the other not a CEO?and the other not a CEO?
No.No.
God: Yes, you are. God: Yes, you are.
But I did not know that. Why?But I did not know that. Why?
CConconcEEptiptiOOn, n, CEOCEO at the time of at the time of conception.conception.
A Love Story! A Love Story!
Beyond the Power of ConceptionBeyond the Power of ConceptionInspiration on October 30, 2004Inspiration on October 30, 2004
S.M.A.R.T.S.M.A.R.T. Goals: Goals:
1. 1. SSpecificpecific (to insure clarity) (to insure clarity)
2. 2. MMeasurableeasurable (to be objective) (to be objective)
3. 3. AAmbitiousmbitious (to provide stretch) (to provide stretch)
4. 4. RRealisticealistic (to achieve (to achieve commitment)commitment)
5. 5. TTime-boundime-bound (to attach (to attach urgency)urgency)
ExampleExample
Yale Undergraduates in 1952Yale Undergraduates in 1952
How many Yale graduates have written How many Yale graduates have written goals?goals?
Only 3% Only 3%
20 years later, in 197220 years later, in 1972
These 3% of Yale graduates had These 3% of Yale graduates had assets/wealth more than the other assets/wealth more than the other 97% combined 97% combined
Balancing Your GoalsBalancing Your GoalsBalancing Your GoalsBalancing Your Goals
Career GoalsCareer Goals
Family GoalsFamily Goals
Personal Improvement GoalsPersonal Improvement Goals
Long-Term Goals and Short-Term Long-Term Goals and Short-Term GoalsGoals
ExampleExample
Theory of Goal SettingTheory of Goal Setting
The harder the (accepted) goal, The harder the (accepted) goal, the higher the performance.the higher the performance.
ExampleExample
Consultant offered one advice for Consultant offered one advice for improving Carnegie’s performance:improving Carnegie’s performance:
Write Down Your 5 Goals and Write Down Your 5 Goals and Prioritize Your GoalsPrioritize Your Goals
Reach Your Goals One by OneReach Your Goals One by One
A $250,000 advice, Worth $20 A $250,000 advice, Worth $20 million Todaymillion Today
The Common Denominator of The Common Denominator of SuccessSuccess
Albert E. N. GrayAlbert E. N. Gray
An Official of the Prudential An Official of the Prudential Insurance Company of AmericaInsurance Company of America
30 years of continuous experience 30 years of continuous experience
As an agent in the filedAs an agent in the filed
A promoter and instructor in sales A promoter and instructor in sales developmentdevelopment
Reprinted June, 1992Reprinted June, 1992
The Common Denominator of The Common Denominator of SuccessSuccess
Address DeliveredAddress Delivered
At the 1940 National Association of At the 1940 National Association of Life Underwriters Annual Convention Life Underwriters Annual Convention in Philadelphiain Philadelphia
The Common Denominator of The Common Denominator of SuccessSuccess
The secret of success of every man The secret of success of every man who has ever been successful—lies in who has ever been successful—lies in the fact that the fact that
he formed the habit of doing he formed the habit of doing things that failures don’t like to things that failures don’t like to do. do.
Where is the Money?Where is the Money?Generation Y, Generation Y, born > 1976, age < 27 years oldborn > 1976, age < 27 years old
4%4% $7,000$7,000Generation X, Generation X, born 1965-1976, age: 28-39born 1965-1976, age: 28-39
24%24% $25,000$25,000Baby Boomer, Baby Boomer, born 1943-1964, age: 40-58born 1943-1964, age: 40-58
49%49% $62,000$62,000Silent Generation, Silent Generation, born 1925-1942, age: 59+born 1925-1942, age: 59+
23%23% $87,000$87,000
The Feiner Points of LeadershipThe Feiner Points of Leadership
Michael FeinerMichael Feiner
Former Chief People Officer at Pepsi-Former Chief People Officer at Pepsi-Cola Cola
Management Professor at Columbia Management Professor at Columbia Graduate School of BusinessGraduate School of Business
The Feiner Points of LeadershipThe Feiner Points of Leadership
Harnessing the Talents of OthersHarnessing the Talents of Others
Leadership can never be something Leadership can never be something practiced by an individual in practiced by an individual in isolation.isolation.
Home Prices continue to RiseHome Prices continue to Rise
1998-20031998-2003
7.2% annualized growth7.2% annualized growth
June 2004 – June 2005June 2004 – June 2005
6.4% one-year forecast, 6.4% one-year forecast,
Source: Fiserv CSWSource: Fiserv CSW
Special Report, Real Estate. Money Special Report, Real Estate. Money (2004, June), 33 (6).(2004, June), 33 (6).
Mortgage RatesMortgage Rates
May, 2000May, 2000
8.7%8.7%
June, 2004June, 2004
5.9%5.9%
The Same Payment Buys a Bigger The Same Payment Buys a Bigger loanloan
Monthly Payment: $1,500Monthly Payment: $1,500
At 8.7%: $191,500At 8.7%: $191,500
At 5.9%: $253,000At 5.9%: $253,000
Median Price of Median Price of a single-family homea single-family home
2000: $139,4002000: $139,400
2003: $171,6002003: $171,600
Average Size of new homesAverage Size of new homes
1987: 1,905 square feet1987: 1,905 square feet
2002: 2,320 square feet2002: 2,320 square feet
Homeowners are Homeowners are tapping their equitytapping their equity
Total cash raised through refis and Total cash raised through refis and home-equity loans and lines in 2003home-equity loans and lines in 2003
$223 $223 BillionBillion
Total remodeling spending in 2003Total remodeling spending in 2003
$124 $124 BillionBillion
On Time and EffortOn Time and Effort
Wal-Mart was built based on Wal-Mart was built based on
Low, low pricesLow, low prices
Most people would like to save Most people would like to save money at Wal-Martmoney at Wal-Mart
Same Walton was the richest person Same Walton was the richest person
Wal-Mart is the largest retailerWal-Mart is the largest retailer
What will happen ifWhat will happen if
Wal-Mart opens its stores only 1 hr. a Wal-Mart opens its stores only 1 hr. a day?day?
Southwest will fly only 1 hr. a day for Southwest will fly only 1 hr. a day for each airplane?each airplane?
Students will study only 1 hr. for a Students will study only 1 hr. for a test?test?
Drug dealers will stand at the corner Drug dealers will stand at the corner of the street for only 1 hr. a day?of the street for only 1 hr. a day?
Apathy kills your soulApathy kills your soul
Mission is your soulMission is your soul
Passion is your heartPassion is your heart
Action is your bloodAction is your blood
Your Your Our Our
IndividualIndividual
Self-Esteem x Effort = SuccessSelf-Esteem x Effort = Success
Your Mind x Your BodyYour Mind x Your Body
If one is zero, the whole thing = 0.If one is zero, the whole thing = 0.
For SuccessFor Success
CEOSCEOS
ConfidenceConfidence
Effort Effort
OrganizationOrganization
Success through People Success through People