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PROCTER & Gamble (P&G)
Philippines president and general manager James Lafferty
encouraged P&G Philippines employees to join the Manila
leg of the 2007 Milo Marathon, believing that his
employees can learn valuable lessons in discipline and
perseverance from the experience. To further support his
staff, he personally trained those who volunteered to join
and ran with them during the race. |
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NOTHING
BUILDS CHARACTER, SO IMPORTANT IN SUCCEEDING IN THE
CORPORATE WORLD, BETTER THAN COMPETITIVE SPORTS |
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By J.M. Lafferty |
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WITH many
sports headlines today trumpeting organizational and
solvency issues with various teams and sports associations
across the world, there is often an almost missionary zeal
to bring to sports a more “business approach.”
Fair
argument. But like many things in life, the
sports-versus-business debate is a double-edged sword that
can cut both ways.
So let me
turn this point on its head for a moment. The real
learning goes the other way—i.e., what we in business can
learn from sports.
From my
own observations and surveys among who I would judge great
business leaders, within my company and outside, and
across four continents and over 40 countries, I can assert
the following fact: three out of four, or 75 percent of
these successful business leaders, have a history of
competitive sports participation in their past.
There are
examples all around us, some we know of, some we don’t.
Fred Uytengsu of Alaska Milk was a world-caliber swimmer
and today remains a top triathlete and Ironman. Vera Wang
was a ranked figure skater. Meg Whitman of eBay played
collegiate lacrosse and squash. This list goes on and on.
Look as
you may, but one won’t find a higher correlation to
success. I call it the “Jock Correlation” and there is no
better predictor out there today for business success.
Your school? Forget it. Field of study? Nope.
Socioeconomic background? Ever heard of Warren Buffett?
MBA or not? Don’t even get me started on this one!
Sorry
folks, but the Jock Correlation wins every time. And the
jocks win in business, too, while more often than not, the
rest just get left holding the jock strap.
You see,
as any senior and successful business leader will attest,
we in business need more than just brainy folks. If I had
P50 for every one-dimensional genius who failed in
business, I would be long retired by now. We need not only
basic education and brainpower, but also character. And
there is no better teacher of character than the athletic
fields.
As a
former athletics coach of both school-age and world-class
athletes, I have personally seen sports play an important
role in the development of five key traits that are
absolutely crucial for business success:
1.
Perseverance.
Any business will have inevitable ups and downs. Some
folks quit or run to new jobs when things are bleak. Jocks
have learned time and time again how to “stick with”
things, armed with only themselves and their will to rely
on. As an example, many have commented that the last 12
kilometers of a marathon, from 30 kilometers to 42
kilometers, has nothing to do with running, but is purely
a matter of willpower and pain tolerance. When you can do
this, you can ride through any business crisis!
2.
Teamwork.
Today’s businesses in a global world rely upon
cross-functional and cross-geographical collaboration.
Success depends upon a diverse group of people all working
toward one goal, and each delivering their role—be it the
“shooting guard” or “power forward” or “center.” Nobody
knows how to do this better than a seasoned jock who
learned firsthand the importance of playing to one’s role
for the good of the team.
3.
Discipline.
Business success is 50-percent ideas and 50-percent
execution. And when it comes to execution, the foundation
is discipline—attention to detail, follow-through,
planning and systems, just to name a few. Any successful
jock has learned that being disciplined in practice is
what leads to success in the game—the repetitions of the
same play over and over again, the two-a-day practices,
the weight workouts, watching one’s diet, or waking early
to run five miles. Discipline is a way of life when you
are a successful athlete! Just look at Paeng Nepomuceno—discipline
is what helped him earn world championships across three
different decades, and keeps him even today looking and
performing as a great champion.
4.
Patience.
We live in a world of the allure of the false promise of
instant results—be it a get-rich-quick scheme or an
“instant” weight-loss program. True business leaders know
it takes time and consistency to build a sustainable
success model—years upon years of doing the right things,
building a business gradually one step at a time. A great
businessman like Henry Sy did not build the SM success
overnight, but through decades of hard work and
consistency. Celebrate the journey, not the destination.
The jock also learned this young. “Making the team” or
“running a mile in X time” or “bench-pressing X pounds”
often started as distant, far-off goals and came with
consistent training, measuring success in small
increments. Talk to any Olympic athlete and they will tell
you they think in four-, eight- or even 12-year
increments!
5. Results
orientation.
Some in business equate success to how many hours they
work, or how much paper they crank out, or how many
meetings they hold. You can spot them from a mile away!
The jock knows activity by itself means nothing. It is all
black-and-white results—gold medal versus silver versus
bronze versus nothing. A winning score. A faster time. A
longer throw. They know no one measures an Olympic
champion by how many hours in the gym the person put
in—everyone who walks into an Olympic stadium to represent
his county works hard! Instead, the real measure of
results is the medal around their neck…or lack thereof.
The bottom
line: get the Jock Correlation to work for you.
The next
time you want to prod your child to excel, and if you aim
to have your youngster become the next Fred Uytengsu or
Lance Gokongwei, by all means have them reaching for the
books. But just make sure you have them reaching for a
ball, as well.
J.M. Lafferty is the president and general manager of
Procter & Gamble Philippines. |
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| OTHER STORIES |
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The Jock
Correlation in business |
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WITH many
sports headlines today trumpeting organizational and
solvency issues with various teams and sports associations
across the world, there is often an almost missionary zeal
to bring to sports a more “business approach.” |
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read more |
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Winning:
Developing a successful succession plan |
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Q:
What companies would you hold up as examples of
succession planning done right? Robert Handfield,
Raleigh,
North Carolina
A: It’s sad
to say, but your question would be a heck of a lot easier to
answer if you had asked for examples of succession planning
done wrong. That trend is gaining such ground these days
it’s alarming. |
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read more |
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Accounting can be fun |
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People quick
to dismiss accountants as the ultimate bean counters have
definitely not run into the likes of Roberto Manabat and
Emmanuel Bonoan, the dynamic duo that has redefined the
business of accounting in the Philippines. Currently sitting
at the helm of KPMG Manabat Sanagustin & Co., the Philippine
affiliate of KPMG International, the pair has ably guided
Philippine companies through the accounting labyrinth
without getting in the way of their business activities.
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read more |
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‘I’ll
stop exposés if they stop doing wrong’ |
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Sen. Ping
Lacson tells the Quijano de Manila forum why investigation
is an essential Senate role
(Excerpts
from discussions of journalists with Sen. Panfilo Lacson at
the Quijano de Manila Symposium, October 24, 2007, Cherry
Blossoms Hotel, Manila. At the panel were Butch del Castillo
and Inday Varona of Philippine Graphic magazine, Amado
Macasaet of Malaya, Jimmy Gil of dzBB, columnist Lito Banayo
and BusinessMirror Senate reporter Butch Fernandez.) |
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read more |
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Idiot
Box No More |
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WHERE life
is tangled in knots and snarls in the marooned mountainous
areas in Mindanao, 12-year-old Mel Velyn Escobar of Midsayap,
a town in
North Cotabato, finds hope in Knowledge Channel to pursue her education.
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read more |
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Coaching
your team’s performance to the next level |
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Teams are
the workhorses of today’s businesses, but they’re workhorses
prone to many ailments, from open bickering and sabotage to
resolute conflict avoidance. And even teams that generally
plow ahead productively can be improved. |
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read more |
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Break
the paper jam in B2B payments |
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Electronic invoice and payment systems have been slow to
catch on, even though they offer enormous promise for cost
savings, speed and transparency in business-to-business
transactions. |
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read more |
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Aboard
the Bicol Express |
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The
devastation brought about by typhoon Reming in late 2006 had
been largely unforeseen by many. What was originally a
tropical storm prior to hitting Bicol soon turned into a
supertyphoon, bringing with it winds reaching speeds of up
to 265 kph and rainwater half a meter deep. |
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read more |
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Winning:
Keep from getting lonely at the top |
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Q:
I find that, in running my business, I am making many
decisions alone. I know that can’t be good. How can a leader
keep from becoming isolated? Arthur Lakiisa,
Kampala,
Uganda
A: It’s
something of a coincidence that your question arrived this
week, just as two CEOs, Chuck Prince of Citigroup Inc. and
Stan O’Neal of Merrill Lynch & Co., were cast out of their
jobs and publicly crucified for the “sin” of surprising the
market with bad results. |
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read more |
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When
investment savvy is not enough |
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Nowadays
there is a growing interest in wealth-management programs.
These are informative sessions or forums dealing on various
aspects of accumulation, growth, preservation and transfer
of financial assets. |
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read more |
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Gearing up for a new Asean |
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When leaders
of the Association of Southeast Asian Nations (Asean) hold
their annual summit in Singapore next week, they will sign
the Asean Charter, which will “relaunch” the 10-nation
grouping into a rules-based organization with a legal
personality to better equip it to meet the challenges of
tougher competition and the development gap among its
member-nations, as well as to reinforce its relevance and
influence in the region. |
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read more |
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Mall for
all |
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PROVIDING
equal opportunities means people with disabilities, the
elderly and even breast-feeding moms should be treated just
like any other person. |
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read more |
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The
audacity of hope |
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THE jungle
trail is perilous. Even that is a treacherous
understatement. To get to the refugee camps, the off-road
vehicle has to be hauled up a steep incline from a winch.
Then you have to slog through the quagmire of the monsoon
season in the alternating heat and rain. |
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read more |
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On the
edge of Myanmar, prodemocracy movement keeps the faith |
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MAE SOT,
Thailand—This bustling border town has long been a magnet
for refugees fleeing Myanmar’s repressive military
government and searching for a better life. But many
arriving now, on the run from authorities for their role in
organizing prodemocracy rallies last month, are not looking
to settle here. They are preparing for their return. |
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read more |
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Four
ways to encourage more productive teamwork |
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In today’s
densely interconnected workplaces, working with
others—globally and productively—drives organizational and
personal effectiveness. Employees work in teams formed to
tackle projects, in virtual teams with colleagues and
clients, or in ad hoc combinations. Whatever the provenance
of the teams in your workplace, your organization depends on
them. |
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read more |
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Munchausen At Work |
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One
particularly disturbing psychological disorder is Munchausen
by proxy, in which a caregiver exaggerates, fabricates or
induces illness in another person in order to get praise for
then helping the victim. A similar pathology occurs in
workplaces when employees create fictitious organizational
problems, only to solve them. This behavior, which I call
Munchausen at work (MAW), wastes managerial time and
resources and can threaten morale and productivity. |
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read more |
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The
calling |
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Oscar Sañez
wears a pin of the Philippine flag on his business suit and
carries a photo of his role model Jose Rizal in his
wallet—close to wearing his patriotism on his sleeve. |
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read more |
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Winning:
Knowing when you’ve stayed too long |
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Q:
What criteria should be used to determine if you have been
with the same company too long? Jason Morrow, Salt Lake City
A: Your
question reminds us of a friend of ours, an investment
manager at a highly regarded company in the Midwest, who
drove to work one morning, parked his car in the usual spot
and then found he simply could not bring himself to get out. |
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read more |
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Smooth
sailing |
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IN today’s
global commerce, which requires seamless logistics
solutions, a country’s geographical setting is indeed a
determining factor in trade. |
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read more |
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Advertising under siege |
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AGREEING
with Mcluhan, marketing strategists Al and Laura Ries
arrived at a conclusion that’s less than comforting to
advertising people: if advertising is an art, it belongs in
a museum, not in the marketing department (The Fall of
Advertising and the Rise of PR, Harper-Collins). |
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read more |
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When it
comes to quality, consumer electronics giant Sony Corp.
scores highly among buyers |
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CONSUMERS
the world over are now shifting to products of high
caliber—and Sony, among other brands, is certainly their
first choice. |
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read more |
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