Success
When Bill Gates made his decision to drop out from Harvard, he did not care too much of the result. Gates entered Harvard in 1973, and dropped out two years later when he and Allen started the engine of Microsoft. Many people did not understand why Gates gave up such a good opportunity to study in the world’s No.1 University. However, with size comes power, Microsoft dominates the PC market with its operating systems, such as MS-DOS and Windows. Now, Microsoft becomes the biggest software company in the world and Bill Gates becomes the richest man in the world.
We can learn from the experience of the great inventor Thomas Alva Edison that sometimes a series of apparent failures is really a
precursor1 to success. The voluminous personal papers of Edison reveal that his inventions typically did not spring to life in a flash of inspiration but evolved slowly from previous
woks2.
Mother Teresa
Mother Teresa, winner of the Nobel Peace Prize,
dedicated3 the majority of her life to
helping4 the poorest of the poor in India, thus gaining her the name "Saint of the
Gutters5." The devotion towards the poor won her respect throughout the world and the Nobel Peace Prize in 1979. She founded an order of
nuns6 called the
Missionaries7 of Charity in Calcutta, India dedicated to serving the poor. Almost 50 years later, the Missionaries of Charity have grown from 12 sisters in India to over 3,000 in 517 missions throughout 100 countries worldwide.
Lady Diana Spencer, Princess of Whales, is remembered and respected by people all over the world more for her beauty, kindness, humanity and charitable activities than for her technical skills.
Mandela
Mandela, the South African black political leader and former president, was awarded 1993 Nobel Peace Prize for his efforts to antiracism and antiapartheid. Nelson Mandela is one of the great moral and political leaders of our time: an international hero whose lifelong
dedication8 to the fight against racial oppression in South Africa won him the Nobel Peace Prize and the
presidency9 of his country. Since his
triumphant10 release in 1990 from more than a quarter-century of
imprisonment11, Mandela has been at the centre of the most compelling and inspiring political drama in the world. As president of the African National Congress and head of South Africa's antiapartheid movement, he was instrumental in moving the nation toward multiracial government and majority rule. He is
revered12 everywhere as a vital force in the fight for human rights and racial equality.
Beethoven, the German Composer, began to lose his hearing in 1801 and was
entirely13 deaf by 1819. However, this obstacle could not keep him from becoming one of the most famous and
prolific14 composers in art history. His music, including 9 symphonies, 5 piano
concertos15, several senates and so on, formes a transition from classical to romantic composition.
Individual, Companies,Leadership and Internal control
Mr. Lesson was accused of losing 1.3 billon dollars as a result of a
risky16 derivative17 investment with the potential of a 27-billon gain. The
collapse18 of Barings Bank in 1995 has been one of the most spectacular events in the
banking19 world in recent years. Banks
solvency20 and
liquidity21 can be significantly threatened if
speculative22 trading in financial
derivatives23 is guided by a lack of adequate internal and external controls. There is evidence that such reasons are responsible for the failure of Barings in February 1995.
Recently, many multi-national companies, such as Cisco and Yahoo,
stimulate24 the employees’
morale25 by offering stock options to their employees. Stock option provides a chance for employees to become the
shareholders26 of the company. As the result, the interest and profit of the company is tightly connected with the employees’ interest and income.
Many firms adopt “Profit-Related-Pay” contracts (PRP contracts) and pay wages at levels that vary with firms’ profits. Many studies suggest that firms adopting PRP contracts show productivity per worker higher than that of their competitors who used more traditional contracts. The reason behind is that PRP contracts greatly change individual workers’ relationships to the firm, connecting their interest with firms’ interest.
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