Donald Trump Good Manager or Bad Manager Essay Example for Free

Donald Trump Good Manager or Bad Manager Essay 1. Work Hard every speaker at every event like this, but the Don gives this more than the usual lip service. He basically said that everyone he knew that made a lot of money and was successful, worked 7 days a week. He suggested to the audience that if they wanted to succeed, they should be prepared for 80 hour weeks for a long time. 2. Love What You Do Another platitude, but he spoke about this in a passionate way. He discouraged the audience from joining or switching to a hot industry or from going into consulting in favor of getting involved with an industry you love (antiques, baseball, marketing), even if that industry is not currently doing well as a whole. His message was that you will perform so well in your imperfect industry that you will rise above the rest and end up being a star in the top 1% of that industries, but if you joined an industry you werent passionate about, youd end up in the 50th percentile of earners in that industry. He thought the pay in the top 1% of a crappy industry (in a job you love) would top the 50th percentile in a hot industry 3. Know What You Do, Whatever industry you are in and whatever role you play in that industry, work hard to become a world class expert in it. For example, if you are a macro manager in a security software company, he suggested that you should not just focus on getting good at email marketing campaigns, but that you should become an expert in that security industry yourself, so that you can communicate with all levels of people about the technology simply , so that you can have detailed conversations with analysts, so that you can write credible blog articles, so that you can explain the future competitive dynamics to potential investors, etc. 4. Luck According to Don, The harder I work, the luckier I get. 5. Education A huge advantage that is expensive in the short run, but cheap in the long run. Dons perspective when asked about the rising cost of education, If you think getting an education is expensive, try ignorance. 6. Management Donald fought the platitude pattern and said You want to be smarter than your people. He thought the notion that you should hire people smarter than you was a poor one. 7. Persistence He talked a lot about riding the ups and downs of the real estate market, losing everything, and c oming back. He credited his success and the demise of many of his competitors to being patient and persistent over long periods of time to wait out market fluctuations. This one might be more relevant to Donalds business than most, but still interesting. 8. Negotiation Always do it face-to-face. In this era of telephones, teleconference, and video conference, Donald suggests that if its an important negotiation, you should do it face to face, so you can read the other persons body language. 9. Middle men Donald is not a fan of middle men who do not add value and who extract outsized returns. He tells the story of how he goes around a broker on a billion dollar (thats the number of zeros the Don deals in these days) deal where he was losing a negotiation and flew to Dubai to deal directly with the principal and struck a great deal. I must say, I liked this piece of advice. There are so many industries that have middle men filled with old boys clubs that take money out of your pocket. If you want a good example, try leasing some office space or dealing with a technology analyst. 10. Marriage Marry someone who understands number 1 above and make sure to get a prenuptial agreement. Donald Trump may not be a jerk as the world makes him out to be. Although it may come as a surprise to most of America, Donald Trump’s long time employees describe him as a strong yet merciful leader. Trump is a far more righteous leader than he is given credit. â€Å"Not only is he fair, when he’s forced to make a decision he thinks about it carefully, and just as he does on the show, Mr. Trump will contact the appropriate people whenever there’s an unproductive or anti-productive issue to be resolved. If he weren’t a successful real estate developer. According to actual Donald Trump employees, he’s very much like the man you see on the show, but he’s also a man filled with genuine compassion beyond anything the cameras could ever show yet the media never picks up on the good press they always take the bad against him. Trumps employees say he works hard to keep his kindness out of the spotlight, but in truth he is far more generous than his reputation would lead anyone to believe. On the season premiere of â€Å"The Apprentice,† a member of the winning team asked Donald about the story of a middle aged couple who stopped to help when Donald’s trusty limo broke down on a deserted highway outside New York City. Trump showed genuine signs of humility as the contestant asked if he had really paid off the mortgage on that helpful couple’s home after they rescued him. Almost embarrassed, Trump admitted to the kind act, but most people refuse to believe this stern business tycoon could ever show compassion beyond that of his immediate family and inner circle. So while this man would seem to be lost in most marketers, Donald has turned it into a lot of money and respect. Donald Trump’s leadership style has turned â€Å"The Apprentice† into a powerful magnet for thousands of young entrepreneurs, many of whom credit Trump with teaching them important lessons for business success.