A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market. A stock symbol may consist of numbers or a combination of both. "Ticker symbol" refers to the symbols. Stock symbols are unique identifiers assigned to each security traded on a particular market. A stock symbol can consist of letters, numbers, or a combination of both, is a way to uniquely identify that stock; the symbols were kept as short as possible to reduce the number of characters that had to be printed on the ticker tape, to make it easy to recognize by traders and investors. The allocation of symbols and formatting convention is specific to each stock exchange. In the US, for example, stock tickers are between 1 and 4 letters and represent the company name where possible. For example, US-based computer company stock Apple Inc. traded on the NASDAQ exchange has the symbol AAPL, while the motor company Ford's stock, traded on the New York Stock Exchange has the single-letter ticker F.
In Europe, most exchanges use three-letter codes, for example Dutch consumer goods company Unilever traded on the Amsterdam Euronext exchange has the symbol UNA. While in Asia, numbers are used as stock tickers to avoid issues for international investors when using non-Latin scripts. For example, the bank HSBC's stock traded on the Hong Kong Stock Exchange has the ticker symbol 0005. Symbols sometimes change to reflect mergers. Prior to the 1999 merger with Mobil Oil, Exxon used a phonetic spelling of the company "XON" as its ticker symbol; the symbol of the firm after the merger was "XOM". Symbols are sometimes reused. In the US the single-letter symbols are sought after as vanity symbols. For example, since Mar 2008 Visa Inc. has used the symbol V, used by Vivendi which had delisted and given up the symbol. To qualify a stock, both the ticker and the exchange or country of listing needs to be known. On many systems both must be specified to uniquely identify the security; this is done by appending the location or exchange code to the ticker.
Although stock tickers identify a security, they are exchange dependent limited to stocks and can change. These limitations have led to the development of other codes in financial markets to identify securities for settlement purposes; the most prevalent of these is the International Securities Identifying Number. An ISIN uniquely identifies a security and its structure is defined in ISO 6166. Securities for which ISINs are issued include bonds, commercial paper and warrants; the ISIN code is a 12-character alpha-numerical code that does not contain information characterizing financial instruments, but serves for uniform identification of a security at trading and settlement. The ISIN identifies not the exchange on which it trades. For instance, Daimler AG stock trades on twenty-two different stock exchanges worldwide, is priced in five different currencies. ISIN cannot specify a particular trade in this case, another identifier the three- or four-letter exchange code will have to be specified in addition to the ISIN.
While a stock ticker identifies a security that can be traded, stock market indices are sometimes assigned a symbol though they can not be traded. Symbols for indices are distinguished by adding a symbol in front of the name, such as a caret or a dot. For example, Reuters lists the Nasdaq Composite index under the symbol. IXIC. In Canada the Toronto Stock Exchange TSX and the TSXV use the following special codes after the ticker symbol: In the United Kingdom, prior to 1996, stock codes were known as EPICs, named after the London Stock Exchange's Exchange Price Information Computer. Following the introduction of the Sequence trading platform in 1996, EPICs were renamed Tradable Instrument Display Mnemonics, but they are still referred to as EPICs. Stocks can be identified using their SEDOL number or their ISIN. In the United States, modern letter-only ticker symbols were developed by Standard & Poor's to bring a national standard to investing. A single company could have many different ticker symbols as they varied between the dozens of individual stock markets.
The term ticker refers to the noise made by the ticker tape machines once used by stock exchanges. The S&P system was standardized by the securities industry and modified as years passed. Stock symbols for preferred stock have not been standardized; some companies use a well-known product as their ticker symbol. Belgian brewer InBev, the brewer of Budweiser beer, uses "BUD" as its three-letter ticker for American Depository Receipts, symbolizing its premier product in the United States, its rival, Molson Coors Brewing Company, uses a beer-related symbol, "TAP". Southwest Airlines pays tribute to its headquarters at Love Field in Dallas through its "LUV" symbol. Cedar Fair Entertainment Company, which operates large amusement parks in the United States, uses "FUN" as its symbol. Harley-Davidson uses "HOG" for its Harley Owners Group. Yamana Gold uses "AUY", because on the periodic table of elements. Sotheby's uses the symbol "BID". While most symbols come from the company's name, sometimes it happens the other way around.
Tricon Global, owner of KFC, Pi
The Deseret News is a newspaper published in Salt Lake City, United States. It is Utah's oldest continuously published daily newspaper and has the largest Sunday circulation in the state and the second largest daily circulation behind The Salt Lake Tribune; the News is owned by Deseret News Publishing Company, a subsidiary of Deseret Management Corporation, a holding company owned by The Church of Jesus Christ of Latter-day Saints. The paper's name is derived from the word for "honeybee" in the Book of Mormon; the newspaper is printed by the Newspaper Agency Corporation, which it co-owns with The Salt Lake Tribune under a joint operating agreement. In 2006, combined circulation of the two papers was 151,422; the Deseret News publishes a weekly compact-sized insert, the Church News, the Mormon Times insert, both of which are included in the newspaper. The Church News includes news of the LDS Church and has been published since 1931, while the Mormon Times is about "the people and culture associated with the church".
Since 1974 the Deseret News has published the Church Almanac, an annual edition carrying LDS Church facts and statistics edited by Church News staff. The editorial tone of the Deseret News is described as moderate to conservative, is assumed to reflect the values of its owner, the LDS Church. For example, the newspaper does not accept advertising. On March 31, 1847, while at Winter Quarters, the LDS Church's Quorum of the Twelve Apostles authorized William W. Phelps to "go east and procure a printing press" to be taken to the future Mormon settlement in the Great Basin. Phelps left Winter Quarters sometime in May, went to Boston by way of the former Mormon settlement of Nauvoo, Illinois. In Boston, with the help of William I. Appleby, the president of the Church's Eastern States Mission, Church member Alexander Badlam, Phelps was able to procure a wrought iron Ramage hand-press and other required equipment, he returned to Winter Quarters on November 1847, with the press. Due to its size and weight, the press and equipment would not be taken to Salt Lake City until 1849.
By that time many of the Mormon pioneers had left Winter Quarters and the press was moved across the Missouri River to another temporary Mormon settlement, Iowa. In April 1849 the press and other church property was loaded onto ox drawn wagons, traveled with the Howard Egan Company along the Mormon Trail; the wagon company, with the press, arrived in the Salt Lake Valley August 7, 1849. The press was moved into a small adobe building that served as a coin mint for the settlers; the press was at first used to print the necessary documents used in setting up the provisional State of Deseret. The first issue of the Deseret News was published June 15, 1850, was 8 pages long; this first issue included the paper's prospectus, written by the editor Willard Richards, along with news from the United States Congress, a report on the San Francisco 1849 Christmas Eve fire. Because it was meant to be the voice of the State of Deseret, it was called the Deseret News, its motto was "Truth and Liberty." It was at first a weekly Saturday publication, published in "pamphlet form" in hopes that readers would have the papers bound into volumes.
Subscription rate was $2.50 for six months. A jobs press called the Deseret News Press, was set up so the News could print books, handbills, etc. for paying customers and other publishers. From the beginning paper shortages were a problem for the News staff. Starting with the October 19, 1850 issue—only four months after publication began—the paper had to be changed to a bi-weekly publication. So, many times in the 1850s there were several periods when the News could not be published for lack of paper. Thomas Howard, a Mormon immigrant from England, a paper-maker, approached Brigham Young about using some machinery—originally meant for producing sugar—to make their own paper; the publishers asked everyone to donate old cloth to the venture. In the summer of 1854 the first issues of the News were published on "homemade paper", thick, grayish in color.<Even with paper shortages a News extra would be published, if there were important news or a sermon that could not wait for the regular publication date.
During a turbulent time period known as the Utah War, the News presses and equipment were moved to the central and southern parts of the state. As armed forces of the United States camped just outside the state at Fort Bridger, George Q. Cannon was assigned to take some presses and equipment to Fillmore while Henry McEwan was to take the remainder to Parowan. On May 5, 1858 the first issue of the News with Fillmore City as the publication place appeared; that fall the presses were brought back to Salt Lake City and placed in the Council House, allowing the News to begin normal operations. The soldiers who had marched to Utah during the war would remain at the newly constructed Camp Floyd, their need for a newspaper, one not published by the LDS Church, was satisfied with Kirk Anderson's Valley Tan, the area's second newspaper. During the 1850s through 1860s, numer
The Franklin Planner is a paper-based time management system created by Hyrum W. Smith which began sales in 1984 from Franklin International Institute, Inc; the planner itself is the paper component of the time management system developed by Smith. The planner pages are drilled, loose-leaf style pages in different formats. Formats have been updated through the years, but most planners contain areas for an appointment schedule, prioritized daily tasks, notes. A key section at the rear of the planner contains addresses. Other inserts include ledger sheets for tracking finances or vehicle mileage, exercise logs, other individualized reference materials. Smith named his planning system after Benjamin Franklin who kept a small private book, as detailed in The Autobiography of Benjamin Franklin. A core technique of the Franklin Planner system involves beginning each day with 15 minutes of "solitude and planning"; the planner comes in four sizes: Monarch Classic Compact Pocket Because of its overall design, the Franklin Planner system lends itself to use as a tickler file, as well as a long-range planner.
Most annual versions of the page inserts for the Franklin system include yearly calendars for at least five years. When used as a total package, the system provides a means of tracking minute details; the Franklin Planner is marketed to consumers through an e-commerce web site, a US-based call center, a GSA government contract. Marketing channels exist outside the United States of America; the Franklin Day Planner was first produced in 1984 by the Franklin International Institute, Inc. which became Franklin Quest. In 1997, Franklin Quest and the Covey Leadership Center merged to become FranklinCovey; the Franklin Planner has continued to be sold under the FranklinCovey name to this day. However, in 2008, FranklinCovey sold its Consumer Solutions Business Unit, including Franklin Planner, to a private equity firm; the parent company of the Franklin Planner is FC Organizational Products, LLC, the exclusive worldwide licensee of the FranklinCovey® brand. Official website
New York Stock Exchange
The New York Stock Exchange is an American stock exchange located at 11 Wall Street, Lower Manhattan, New York City, New York. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was US$169 billion in 2013; the NYSE trading floor is located at 11 Wall Street and is composed of 21 rooms used for the facilitation of trading. A fifth trading room, located at 30 Broad Street, was closed in February 2007; the main building and the 11 Wall Street building were designated National Historic Landmarks in 1978. The NYSE is owned by Intercontinental Exchange, an American holding company that it lists, it was part of NYSE Euronext, formed by the NYSE's 2007 merger with Euronext. The NYSE has been the subject of several lawsuits regarding fraud or breach of duty and in 2004 was sued by its former CEO for breach of contract and defamation; the earliest recorded organization of securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement.
Securities exchange had been intermediated by the auctioneers who conducted more mundane auctions of commodities such as wheat and tobacco. On May 17, 1792 twenty four brokers signed the Buttonwood Agreement which set a floor commission rate charged to clients and bound the signers to give preference to the other signers in securities sales; the earliest securities traded were governmental securities such as War Bonds from the Revolutionary War and First Bank of the United States stock, although Bank of New York stock was a non-governmental security traded in the early days. The Bank of North America along with the First Bank of the United States and the Bank of New York were the first shares traded on the New York Stock Exchange. In 1817 the stockbrokers of New York operating under the Buttonwood Agreement instituted new reforms and reorganized. After sending a delegation to Philadelphia to observe the organization of their board of brokers, restrictions on manipulative trading were adopted as well as formal organs of governance.
After re-forming as the New York Stock and Exchange Board the broker organization began renting out space for securities trading, taking place at the Tontine Coffee House. Several locations were used between 1865, when the present location was adopted; the invention of the electrical telegraph consolidated markets, New York's market rose to dominance over Philadelphia after weathering some market panics better than other alternatives. The Open Board of Stock Brokers was established in 1864 as a competitor to the NYSE. With 354 members, the Open Board of Stock Brokers rivaled the NYSE in membership "because it used a more modern, continuous trading system superior to the NYSE’s twice-daily call sessions." The Open Board of Stock Brokers merged with the NYSE in 1869. Robert Wright of Bloomberg writes that the merger increased the NYSE's members as well as trading volume, as "several dozen regional exchanges were competing with the NYSE for customers. Buyers and dealers all wanted to complete transactions as and cheaply as technologically possible and that meant finding the markets with the most trading, or the greatest liquidity in today’s parlance.
Minimizing competition was essential to keep a large number of orders flowing, the merger helped the NYSE to maintain its reputation for providing superior liquidity." The Civil War stimulated speculative securities trading in New York. By 1869 membership had to be capped, has been sporadically increased since; the latter half of the nineteenth century saw rapid growth in securities trading. Securities trade in the latter nineteenth and early twentieth centuries was prone to panics and crashes. Government regulation of securities trading was seen as necessary, with arguably the most dramatic changes occurring in the 1930s after a major stock market crash precipitated the Great Depression; the Stock Exchange Luncheon Club was situated on the seventh floor from 1898 until its closure in 2006. The main building, located at 18 Broad Street, between the corners of Wall Street and Exchange Place, was designated a National Historic Landmark in 1978, as was the 11 Wall Street building; the NYSE announced its plans to merge with Archipelago on April 21, 2005, in a deal intended to reorganize the NYSE as a publicly traded company.
NYSE's governing board voted to merge with rival Archipelago on December 6, 2005, became a for-profit, public company. It began trading under the name NYSE Group on March 8, 2006. A little over one year on April 4, 2007, the NYSE Group completed its merger with Euronext, the European combined stock market, thus forming NYSE Euronext, the first transatlantic stock exchange. Wall Street is the leading US money center for international financial activities and the foremost US location for the conduct of wholesale financial services. "It comprises a matrix of wholesale financial sectors, financial markets, financial institutions, financial industry firms". The principal sectors are securities industry, commercial banking, asset management, insurance. Prior to the acquisition of NYSE Euronext by the ICE in 2013, Marsh Carter was the Chairman of the NYSE and the CEO was Duncan Niederauer. Presently, the chairman is Jeffrey Sprecher. In 2016, NYSE owner Intercontinental Exchange Inc. earned $419 million in listings-related revenues.
The exchange was closed shortly after the beginning of World War I, but it re-opened on November 28 of that year in order to help the war effort by trading bonds, reopened for stock tradin
The chairman is the highest officer of an organized group such as a board, a committee, or a deliberative assembly. The person holding the office is elected or appointed by the members of the group, the chairman presides over meetings of the assembled group and conducts its business in an orderly fashion. In some organizations, the chairman position is called president, in others, where a board appoints a president, the two different terms are used for distinctly different positions. Other terms sometimes used for the office and its holder include chair, chairwoman, presiding officer, moderator and convenor; the chairman of a parliamentary chamber is called the speaker. The term chair is sometimes used in lieu of chairman, in response to criticisms that using chairman is sexist, it is used today, has been used as a substitute for chairman since the middle of the 17th century, with its earliest citation in the Oxford English Dictionary dated 1658–1659, only four years after the first citation for chairman.
Major dictionaries state that the word derives from a person. A 1994 Canadian study found the Toronto Star newspaper referring to most presiding men as "chairman", to most presiding women as "chairperson" or as "chairwoman"; the Chronicle of Higher Education uses "chairman" for men and "chairperson" for women. An analysis of the British National Corpus found chairman used 1,142 times, chairperson 130 times and chairwoman 68 times; the National Association of Parliamentarians adopted a resolution in 1975 discouraging the use of “chairperson” and rescinded it in 2017. The Wall Street Journal, The New York Times and United Press International all use "chairwoman" or "chairman" when referring to women, forbid use of "chair" or of "chairperson" except in direct quotations. In World Schools Style debating, male chairs are called "Mr. Chairman" and female chairs are called "Madame Chair"; the FranklinCovey Style Guide for Business and Technical Communication, as well as the American Psychological Association style guide, advocate using "chair" or "chairperson", rather than "chairman".
The Oxford Dictionary of American Usage and Style suggests that the gender-neutral forms are gaining ground. It advocates using "chair" to refer both to women; the Telegraph style guide bans the use of both "Chair" and "Chairperson" on the basis that "Chairman" is correct English. The word chair can refer to the place from which the holder of the office presides, whether on a chair, at a lectern, or elsewhere. During meetings, the person presiding is said to be "in the chair" and is referred to as "the chair". Parliamentary procedure requires that members address the "chair" as "Mr. Chairman" rather than using a name – one of many customs intended to maintain the presiding officer's impartiality and to ensure an objective and impersonal approach. In the United States, the presiding officer of the lower house of a legislative body, such as the House of Representatives, is titled the Speaker, while the upper house, such as the Senate, is chaired by a President. In his 1992 State of the Union address, then-U.
S. President George H. W. Bush used "chairman" for men and "chair" for women. In the British music hall tradition, the Chairman was the master of ceremonies who announced the performances and was responsible for controlling any rowdy elements in the audience; the role was popularised on British TV in the 1960s and 1970s by Leonard Sachs, the Chairman on the variety show The Good Old Days."Chairman" as a quasi-title gained particular resonance when socialist states from 1917 onward shunned more traditional leadership labels and stressed the collective control of soviets by beginning to refer to executive figureheads as "Chairman of the X Committee". Vladimir Lenin, for example functioned as the head of Soviet Russia not as tsar or as president but in roles such as "Chairman of the Council of People's Commissars of the Russian SFSR". Note in particular the popular standard method for referring to Mao Zedong: "Chairman Mao". In addition to the administrative or executive duties in organizations, the chairman has the duties of presiding over meetings.
Such duties at meetings include: Calling the meeting to order Determining if a quorum is present Announcing the items on the order of business or agenda as they come up Recognition of members to have the floor Enforcing the rules of the group Putting questions to a vote Adjourning the meetingWhile presiding, the chairman should remain impartial and not interrupt a speaker if the speaker has the floor and is following the rules of the group. In committees or small boards, the chairman votes along with the other members. However, in assemblies or larger boards, the chairman should vote only when it can affect the result. At a meeting, the chairman only has one vote; the powers of the chairman vary across organizations. In some organizations the chairman has the authority to hire staff and make financial decisions, while in others the chairman only makes recommendations to a board of directors, still others the chairman has no executive powers and is a spokesman for the organization; the amount of power given to the chairman depends on the type of organization, its structure, the rules it has created for itself.
If the chairman exceeds the given authority, engages in misconduct, or fails to perform t
Stephen Richards Covey was an American educator, author and keynote speaker. His most popular book is The 7 Habits of Highly Effective People, his other books include First Things First, Principle-Centered Leadership, The 7 Habits of Highly Effective Families, The 8th Habit, The Leader In Me — How Schools and Parents Around the World Are Inspiring Greatness, One Child at a Time. In 1996, Times magazine named him one of the 25 most influential people, he was a professor at the Jon M. Huntsman School of Business at Utah State University at the time of his death. Covey was born to Stephen Glenn Covey and Irene Louise Richards Covey in Salt Lake City, Utah, on October 24, 1932. Louise was the daughter of Stephen L Richards, an apostle and counselor in the first presidency of The Church of Jesus Christ of Latter-day Saints under David O. McKay. Covey was the grandson of Stephen Mack Covey who founded the original Little America Wyoming near Granger, Wyoming. Covey was athletic as a youth but suffered from a slipped capital femoral epiphysis in junior high school, requiring him to change his focus to academics.
He graduated from high school early. Covey earned a Bachelor of Science degree in business administration from the University of Utah, an MBA from Harvard Business School at Harvard University, a Doctor of Religious Education from Brigham Young University, he was a member of Pi Kappa Alpha fraternity. He was awarded ten honorary doctorates. Covey was influenced by Peter Drucker and Carl Rogers. Another key influence on his thinking was his study of American self-help books that he did for his doctoral dissertation. A further influence on Covey was his The Church of Jesus Christ of Latter-day Saints beliefs. According to Clayton Christensen, The Seven Habits was a secular distillation of Latter-day Saint values. Covey's book Spiritual Roots of Human Relations was published in 1972 by Deseret Book Company; the 7 Habits of Highly Effective People, Covey's best-known book, has sold more than 25 million copies worldwide since its first publication in 1989. The audio version became the first non-fiction audio-book in U.
S. publishing history to sell more than one million copies. Covey argues against what he calls "The Personality Ethic", something he sees as prevalent in many modern self-help books, he promotes what he labels "The Character Ethic": aligning one’s values with so-called "universal and timeless" principles. Covey adamantly refuses to conflate values. Covey proclaims that values govern people's behavior, but principles determine the consequences. Covey presents his teachings in a series of habits, manifesting as a progression from dependence via independence to interdependence. Covey's 2004 book The 8th Habit: From Effectiveness to Greatness was published by Free Press, an imprint of Simon & Schuster, it is the sequel to The 7 Habits. Covey posits that effectiveness does not suffice in what he calls "The Knowledge Worker Age", he says that "he challenges and complexity we face today are of a different order of magnitude." The 8th habit urges: "Find your voice and inspire others to find theirs." Covey released The Leader in Me — How Schools and Parents Around the World Are Inspiring Greatness, One Child at a Time in November 2008.
It tells how "some schools and business leaders are preparing the next generation to meet the great challenges and opportunities of the 21st Century. It shows how an elementary school in Raleigh, North Carolina, decided to try incorporating The 7 Habits of Highly Effective People and other basic leadership skills into the curriculum in unique and creative ways. Inspired by the success of Principal Muriel Summers and the teachers and staff of A. B. Combs Elementary School in Raleigh, other schools and parents around the world have adopted the approach and have seen remarkable results". In 1985 Covey established Stephen R. Covey and Associates which in 1987 became The "Covey Leadership Center" which, in 1997, merged with Franklin Quest to form FranklinCovey, a global professional-services firm and specialty retailer selling both training and productivity tools to individuals and to organizations, their mission statement reads: "We enable greatness in people and organizations everywhere". In 2009 Covey launched a career development webinar series to help people struggling in the economic downturn.
Its purpose was to offer current topics on a regular basis. In March 2008, Covey launched the Stephen Covey's Online Community; the site was a collection of goal management and social networking. Covey used it to teach his ideas on current topics and self leadership. Covey was a professor at the Marriott School of Management at Brigham Young University for several years, helping to establish the Master of Organizational Behavior program, which has since been merged into the MBA program. While at BYU Covey served as an assistant to the university president. During the late part of his life, Covey returned to academia as a professor at the Huntsman School of Business at Utah State University, holding the Huntsman Presidential Chair. Covey developed his 2008 book The Leader in Me into several education-related projects. On April 20, 2010 he made his first post to an education blog entitled Our Children and the Crisis in Education which appears on the Huffington Post news and blog-aggregation website.
FranklinCovey established a Web site dedicated to The Leader in Me concept, it holds periodic conferences and workshops to train elementary school administrators who want to integrate The Leader in Me process into their school's academic culture. Co
The 7 Habits of Highly Effective People
The 7 Habits of Highly Effective People, first published in 1989, is a business and self-help book written by Stephen Covey. Covey presents an approach to being effective in attaining goals by aligning oneself to what he calls "true north" principles based on a character ethic that he presents as universal and timeless. Covey defines effectiveness as the balance of obtaining desirable results with caring for that which produces those results, he illustrates this by referring to the fable of the goose. He further claims that effectiveness can be expressed in terms of the P/PC ratio, where P refers to getting desired results and PC is caring for that which produces the results. Covey's best-known book, it has sold more than 25 million copies worldwide since its first publication; the audio version became the first non-fiction audio-book in U. S. publishing history to sell more than one million copies. Covey argues against what he calls "the personality ethic", that he sees as prevalent in many modern self-help books.
He promotes what he labels "the character ethic": aligning one's values with so-called universal and timeless principles. In doing this, Covey is deliberately and mindfully separating values, he sees principles as external natural laws, while values remain subjective. Our values govern our behavior, while principles determine the consequences. Covey presents his teachings in a series of habits, manifesting as a progression from dependence through independence on to interdependence. Covey introduces the concept of paradigm shift and helps the reader understand that different perspectives exist, i.e. that two people can see the same thing and yet differ with each other. Covey introduces the Maturity Continuum; these are three successive stages of increasing maturity: dependence and interdependence. At birth, everybody is dependent, characteristics of dependence may linger. Dependence means. All of us began life depending on others for nurturing and sustenance. I may be intellectually dependent on other people's thinking.
Dependence is the attitude of "you": you take care of me... or you don't come through and I blame you for the result. Independence means you are pretty much free from the external influence support of others.... Independence is the attitude of "I".... It is the avowed goal of many individuals, many social movements, to enthrone independence as the highest level of achievement, but it is not the ultimate goal in effective living. There is a more advanced level; the third and highest level in the Maturity Continuum is interdependence.... We live in an interdependent reality. Interdependence is essential for good leaders. Interdependence is the attitude of "we": we can co-operate; each of the first three habits is intended to help achieve independence. The next three habits are intended to help achieve interdependence; the final, seventh habit is intended to help maintain these achievements. Each of the seven habits has a chapter of the book devoted to it: The First Three Habits surround moving from dependence to independence: Talks about the concept of Circle of Influence and Circle of Concern.
Work from the center of your influence and work to expand it. Don't sit and wait in a reactive mode, waiting for problems to happen before taking action. Envision what you want in the future so you can work and plan towards it. Understand how people make decisions in their life. To be effective you need to act based on principles and review your mission statement. Are you - right now - who you want to be? What do I have to say about myself? How do you want to be remembered? If habit 1 advises to change your life to act and be proactive, habit 2 advises that you are the programmer! Grow and stay humble. All things are created twice. Before we act, we should act in our minds first. Before we create something, we measure twice; this is. Do not just act. Talks about difference between leadership and management. Leadership in the outside world begins with personal leadership. Talks about what is important and what is urgent. Priority should be given in the following order:, Quadrant I. Urgent and important – important deadlines and crises Quadrant II.
Not urgent but important – long-term development Quadrant III. Urgent but not important – distractions with deadlines Quadrant IV. Not urgent and not important – frivolous distractions The order is important; the calls to delegate and eliminate are effective reminders of their relative priority. If habit 2 advises that you are the programmer, habit 3 advises: write the program, become a leader! Keep personal integrity: what you say vs what you do; the next three habits talk about Interdependence: Genuine feelings for mutually beneficial solutions or agreements in your relationships. Value and respect people by understanding a "win" for all is a better long-term resolution than if only one person in the situation had gotten their way. Think Win-Win isn't about being nice, nor is it a quick-fix technique, it is