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BUS305 Small Business Management

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BUS305 Small Business Management

0 Download2 Pages / 267 Words

Course Code: BUS305
University: Saylor Academy

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Country: United States

Question
When I speak to successful business owners and ask them – what’s the reason(s) for your success? The most common answer is “hiring the right people”. This week’s reading covers hiring people but I want to go a little further by saying that the people you should be hiring are “people who believe what you believe”. To explain this concept, view the following video by Simon Sinek titled “Start with why — how great leaders inspire action”. Then discuss what is the “why” your employees should believe in for your business plan idea.

Answer
Small Business Management 
People who believe what you believe
In this dynamic business environment, every organization is aware of what they do. Among them, most of the organizations are aware of how they do but there is only little organization which focuses on why they do. It can be said that an organization is a kind of golden circle in which three core circles exist one is why, other is how and finally is what. Basically the main reason for the success of any business is their leaders focus on Idea instead of profit and values of shareholder because these two are directly connected to Idea part. As per great leaders every employee in any organization is actually looking for some challenging job in order to improve their skills and over all development of their career path for future. Hence, the employees feel more connected with that organization which will provide them this kind of opportunity in the form of innovation in order to acquire the future competency. In this way a leader can create such an environment which will not only focus on the growth of the company but also will focus on the development of their employees. If organization is not focusing on innovation then it is actually risking both the efficiency of the organization as well as the growth of the employee from future prospect.
Bibliography
Amy Lamb, “The power of authenticity. American Journal of Occupational Therapy,” Vol.70, No.6 (October, 2016), 7006130010-7006130010.
Simon Sinek, (2009). “The Golden Circle” [online]. Available from: https://tinyurl. com/golden-circle-sinek [2018, October].

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