UNLIMITTED INCOME,PAUL AND STEPHEN SUTHERLAND,Two Mossley men who made £107,543 in a day on the stock market decided to make their fathers dream come true.
Paul Sutherland 31, and his business partner brother Stephen 34, made the astounding amount trading in stocks and shares - and as their father Brian had always dreamed of owning a Bentley they bought one for him. Stephen said: "He is the greatest dad you could wish for and because he's helped and supported us all this time. It was our way of showing our appreciation."
As a gift they bought him a Bentley Continental two door coupe. Brian and his wife Marie live at Daisy Nook, Ashton. The brothers, who left St. Damien's School, Ashton with few qualifications went on to work for the family cleaning and maintenance business, earning only £47 in their first week's wage. However they have been living a success story for several years. Since 2001 they have been steadily building up their business which has two functions. Stephen is the stock market wizard who makes profits from investing activities and Paul looks after Fast-Track Education Ltd, teaching people the secrets of how to gain financial independence. The company operates from their purpose built £300,000 luxury home in Chellow Court, Mossley. The brothers have also written a book about the fast track to financial independence in which they share ingredients to money making.
UNLIMITTED INCOME,DONALD TRUMP,Change is a necessary phenomenon in Organizations. In fact it is said that the need for change is the only thing that does not change. Change, according to some theorists requires a shift in the balance of forces for and against the change. Others suggest that producing a change depends on the level of top management commitment, the type of intervention used, people’s readiness for change, the level of resistance, or the organization’s culture (Gardner, 1998). Each of these perspectives is important in the understanding of and the ability to produce effective intentional change in organizations. All organizations need to solve a fundamental problem when faced with a changing work environment whether intentional or induced due to internal and external forces - how to maintain internal cohesion while producing economic outputs. Technological developments have created a decentralized workplace where the roles of workers, employers and the various other components of the organization have undergone a dramatic change causing a conflict as each struggles to retain and reestablish equilibrium within their environment. The change is causing the emergence of a completely new wok place. Forces like telecommunications, virtual organizations and manager leaders are challenging each and every aspect of the organization. Large scale organizations that have a large workforce are thrown into chaos as they struggle to implement information systems that will help them become global while controlling the internal dynamics. Displacement of workers through downsizing as machines replace people, changing corporate cultures as mergers and acquisitions become the norm and a more horizontal work management as leaders emerge on every level of the hierarchy trying to control the chaos are factors that have to be faced while ensuring the competitors do not take advantage of the chaos.
In such a scenario we look towards the success stories of organizational heads to determine the basis of power and success and what theories make them a success.In His Book “The America We Deserve” Donald Trump states, "Rich people who don't know me never like me. Rich people who know me like me." Does this mean he doesn't get the recognition he deserves as a businessman? "I don't think anybody knows how big my business is," Trump replied. "People would rather talk about my social life than the fact that I'm building a 90-story building next to the U.N. ... They cover me for all sorts of wrong reasons (The America We Deserve)." Donald Trump, the big boss of the reality TV show “The Apprentice” is a very successful businessman who happens to be one of the richest men in USA. [Author Unknown, 2004] The reality show has been a huge success for the NBC and has been viewed by youngsters all over the world.
In this show, a group of graduate students from leading management schools in USA are taken along with a few uneducated but street smart youngsters, grouped into two teams and pitted against each other in completing certain fixed tasks. Every week, assignments are allotted to the team members, they are judged based on their performances and one by one , inefficient members are just “fired” with the very famous line of the show uttered ruthlessly by Donald Trump “you’re fired” The victor at the end of the season is to be gifted with a prize job of CEO for one of the Trump organizations. The reality show is really one hot show and there is genuine cut throat competition among the participant youngsters. Along with the show, runs the slender thread of leadership lessons. Every time Donald Trump keeps testing the limits of their leadership skills, for the viewers, its time to study why and how success bestows its glorious protection for certain special people.Thus, we find, Donald Trump to be a model employer and the organization he runs, The Trump Organization, a model business house of employment. This makes the man and his organization, objects worthy of study and emulation. The reality show has been a huge success for various reasons. Apart from the fact that Donald himself is the centre of the show, it kindles the innate human nature in people to just look into the drama of life from a distance, watching the competitors get at each other helps us to understand various management policies, watch the ruthlessness and courage needed to forge ahead in life. The process of researching Donald Trump and his organization has unfolded the success story of one the most powerful businessmen in the world today. Born on June 14, 1946, in New York City, Donald J. Trump acquired his graduation in Finance from Wharton University, New York. His dreams were big and his hard work and talent helped him forge new paths in the areas of real estate, gaming, sports and entertainment. His philanthropy and his foray into the reality TV show made him more visible to the common masses. It all began when Trump started working with his millionaire father, Fred Trump, making deals together. Trump would later say, “My father was my mentor, and I learned a tremendous amount about every aspect of the construction industry from him.” Starting out with a career in construction, Donald Trump later entered the totally new world of real estate. In New York City, the Trump signature is synonymous with the most prestigious of addresses. Among them are the world-renowned Fifth Avenue skyscraper, Trump Tower, and the luxury residential buildings, Trump Parc, Trump Palace (the tallest building on the East Side of Manhattan), Trump Plaza, 610 Park Avenue, The Trump World Tower and Trump Park Avenue. Trump was also responsible for the designation and construction of the Jacob Javits Convention Center on land controlled by him, known as the West 34th Street Railroad Yards, and the total exterior restoration of the Grand Central Terminal as part of his conversion of the Commodore Hotel into the Grand Hyatt Hotel. Additionally, the Nike Town store is owned by Trump, on East 57th Street and adjoining Tiffany’s. [Trump, 1991] The Trump International Hotel and Tower are the greatest of the hotels around the world and have won awards for excellence from the American Academy of Hospitality services. The Trump signature buildings decorate the skyline of cities like New York., Chicago, Atlantic City and Las Vegas. The Trump Organization is one of the world’s largest operators of hotels and casinos. In Palm Beach, Florida, Trump has created the magnificent golf course with beautiful landscaping, water features and elevations of 100 feet. This golf course is hailed as the best in the country. Further, Trump and NBC are partners in holding rights for the three largest beauty pageants in the world : The Miss Universe, Miss USA and Miss Teen USA Pageants. [Laroche, 2004] Donald Trump, in an attempt to share some of the secrets of his success, wrote his autobiography, “The Art of the Deal” which was an instant bestseller of all times. The sequel to this book, “Surviving at the Top” was a huge success as well. He has written two more books all of which deal with issues most important to the American people today and hold his views regarding American social, political and economic issues. Furthermore, he is involved in numerous civic and charitable organizations and is a member of the Board of Director for the Police Athletic League and United Cerebral Palsy. He has won numerous awards for his various accomplishments in life. Donald Trump is a star tycoon in the real sense of the word. In the reality show, The Apprentice, he gives us a glimpse into the characteristics that have made him so successful in life. He is a man of great vision. In the B assignments he gives the participants he shows his skill at leading. From selling lemonade, the assignments guide them to showcasing their skills in sales, marketing and team building. In the manner he analyses their actions and points out their faults he shows how observant and studious he is. He was the leader who found fault with the winning team in a particular episode for not granting interview to a prospective client. In his firing style, Donald Trump shows how effective decision-making and crisp communication skills have helped him build his organization into an empire. He comes across as a man intolerant of sloppiness, sluggishness, arrogance and carelessness. [Arena, 1999] To work in the organization led by Donald Trump, people need to be driven by high ambitions. They must be able to think “Big” like him. It would be a pleasure and a privilege to work in an organization that is lead by such a great man. His immense zest for life and success is so very contagious. He is bossy in the real sense of the world and his leadership style is almost dictatorial with the beginners. But we find him adopt a coaching style with the participants as episodes keep moving. With his own subordinates in the company, we find him delegating work with ease and confidence. Thus Donald Trump proves himself to be an effective leader with situational leadership skills, following the golden principle of “Different strokes for Different people” with élan. [Barret, 1992]
DONALD TRUMP is a man of power and as such, he does hold an air of arrogance to his persona. His body language is aggressive and he is impatient. There is an air of ruthlessness when he “fires” one of the team every week. He sometimes fails to listen to the other side of the story and trusts his own impulsive judgment. These would be some of the negative traits apparent during the gaming show. Up to the fifth episode, Donald Trump just didn’t seem to care about the fact that the women in the show were flaunting their sexuality during their assignment. A glass of lemonade was sold with a kiss for free. Would I work for Donald Trump if given a chance?? Of course I would! I believe the energy in him would motivate me to reach greater heights in my own level of performance and his high standards would help me grow both in knowledge and in experience. The ease of firing that is evident in the leadership style of Donald Trump makes the organizational climate a bit unstable. Anyone working under him cannot afford to make a single mistake. This would create insecurity in the minds of the workers. Also, the ease of communication would be threatened if the sword of firing is kept dangling on the employees all the time. [Hurt, 1993] Everyone needs a second chance . If people are constantly afraid that they might make a costly mistake, innovation and creativity get stifled. Money alone will not guarantee the smiles of the employees. The boss needs to be someone who can understand their problems too. A controlling and fault finding leader would only drive people away from the organization. Also, if the organization is closely tied with the single individual at the top, it would remain unstable and when the leader slips, there is every chance that the great empire he controls will collapse too, as we’ve seen in the Martha Stewart case. Technology can be the tool to accelerate growth in an organization. Judicial use of technology would improve time management, labor management and project management. Every organization has a projected image and that image depends on the ethics of the leader. A good leader should be one with a good sense of ethics. His goals should be met through pathways fenced with high values. Donald Trump does that by his acts of charity. The success of a company is usually measured by the value of its stock. The shareholders are people who have invested in the company and hence they study every single step that the organization takes, be it forward or backward. But sometimes, a false sense of well being is created, when the labor force is cut down or salaries sliced. The organization needs to keep in mind that success depends on the organization’s ability to create interdependent partnerships where everyone takes responsibility for positive results. Long term strategies should be designed by the top management to enable the formation of such interdependent partnerships.Doug Smith, co-author of The Wisdom of Teams (1993), wrote ten guidelines of change the first of which suggest that people do not change because someone tells them they should. Change is a mode of improving the condition of the internal and external environment based on individual action. The planning theory allows the management to assess, control, improvise and implement changes through flexible formulas that reduce conflict and chaos and allow maximum potential in terms of success. “Performance objectives give people the best means to assess and improvise their way through change" (p. 74) large organizations cannot depend on any approach other than one suggested as is claimed, by William Churchill, “"If we do not take change by the hand, it will surely take us by the throat." Planning strategically is the only way to face change. Thus we see that, Donald Trump has proved beyond doubt that he is a man of great vision and strength. The world looks up to such great achievers to study the standards set by them. As such, his responsibility towards the world at large is enormous. In his reality show and in his actions outside the show, Donald Trump needs to be the very model of good leadership. May he continue to teach the youth of today, the way to success…
MILLIONAIRE ASIA,much awaited launch party, in a private jet hangar,took off amidst great weather,and an extraordinary setting for the 480 guests who took time to to celebrate the magazine’s inaugural issue. The launch party,held on May 13, beside Seletar Airport was befitting of the jet-setting guests who arrived in their super sports cars — Lamborghini, Porsche, Maserati and Ferarri and also those who were chauffeured-driven in their Rolls Royce and Bentleys. The Ambassadors and High Commissioners from Canada,His Excellency Mr Alan Virtue,South Africa, Her Excellency Ms Zanele Makina,and Saudi Arabia,His Excellency Dr M Amin Kurdi,also graced the event. The operating hangar,which could fit up to 6 aircraft simultaneously,was transformed into a veritable party venue,with oriental lanterns hanging from the ceiling,private hospitality pavilions, live orchestral music and fairy lights.
Millionaire Asia is a newly launched publication dedicated to the celebration of the Millionaire lifestyle where money is no object.Its readers are multi-millionaires and the magazine is distributed on a strict controlled circulation basis to readers in Singapore,Malaysia,Indonesia and Thailand. The guests were invited to board and tour the private jet,get behind the wheel of several Lamborghinis, get a feel of the latest Harley Davidson models or take a swing on the golf simulator. The unique Millionaire Asiaevent captured the essence of the lifestyle of millionaires and embodies the adventurous, exciting and gregarious spirit of high achievers, the readers of Millionaire Asia magazine.Nomura Singapore was the main sponsor of the Millionaire AsiaLaunch Party. The other sponsors were Lamborghini, Harley Davidson Singapore, My Jet, Jet Golf Australia, Jet Aviation,Vertu, Bang & Olufsen, Seseh Beach Villas, Bali and Club Privare. Indo-Chine was the official bar and restaurant.
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