Watch the video. Then ask yourself the following: If this video was about the American approach to short- and long-term goals, what would be the maximum length of short-term and of long-term? Then answer the same question if the video was about the German approach to short- and long-term goals.
business
Purposes of a plan (USA)
A plan is a systematic and organized approach to achieving specific goals or objectives. In the United States, plans are used in a variety of contexts, including business, government, and non-profit organizations. Some of the main purposes of a plan might include:
- Setting goals: A plan can help identify the specific goals or objectives that an organization or individual wants to achieve. This can provide a clear direction and focus for efforts, and allow for better decision-making and resource allocation.
- Organizing resources: A plan can help identify and organize the resources that will be needed to achieve the goals or objectives. This might include personnel, materials, equipment, and financial resources.
- Coordinating activities: A plan can help coordinate the activities and efforts of different individuals or groups, ensuring that everyone is working towards the same goals in a coordinated and efficient manner.
- Managing risks: A plan
Source: ChatGPT. Question: For Americans what is the purpose of a plan?
Purposes of a plan
A plan is a detailed proposal or scheme for achieving a specific goal. In Germany, as in any other country, a plan can serve a variety of purposes, depending on the context in which it is being used. Some possible purposes of a plan might include:
- Setting out a clear strategy for achieving a particular objective, such as increasing sales or improving efficiency
- Providing a roadmap for the implementation of a project or initiative, outlining the steps that need to be taken and the resources that will be required
- Facilitating communication and coordination among team members or stakeholders by clearly outlining roles and responsibilities
- Allowing for the tracking of progress towards a goal and making adjustments as needed to ensure that the goal is achieved
Plans can be created for personal, business, or organizational purposes, and can range from simple to-do lists to complex, multi-faceted proposals.
Source: ChatGPT. Question: For Germans what is the purpose of a plan?
Dieselgate Scandal Negotiations
The Volkswagen emissions scandal required negotiations with U.S. regulators, affected customers, and international stakeholders. Volkswagen initially denied wrongdoing, focusing on legal defenses and technical justifications, reflecting a fact-based, document-oriented approach. Once the evidence became overwhelming, the strategy shifted to a structured, controlled negotiation process, involving extensive documentation, legal settlements, and financial compensation agreements.
Two success stories
Warren Buffett shares two stories about women who started from nothing and sold their businesses to the legendary investor. This is one of the greatest speeches Mr. Buffett has ever delivered and he also gives really good advice to all entrepreneurs in the audience.
Warren E. Buffett is an American long-term investor, philanthropist, business tycoon, and the chairman & CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of over 100 billion dollars.
Buffett was born in Omaha, Nebraska. He developed an interest in business and investing in his youth and made truly incredible stock market returns over his career.
Persistence
Jeff Bezos. Founder of Amazon. About the importance of remaining persistent.
Pay raises are a joke
YouTube comments:
“The old man used to always tell me that being afraid to talk about money was a great way to not have any.”
“This is spot on. Went from $70k per year to $100k then to $115k then to $147k then $170k and now to $230k over the span of 10 years. If I had that stupid “quitters never win” mindset, I probably wouldn’t be making over $100k today. Oh, and did I mention that I have a history degree?”
“I work as an advanced practice nurse practitioner making 140K in a medium sized-city in Texas. I started nursing making 60K 8 years ago, never stayed with a company more than 2 years, and always left for hospitals that offered better pay. I had hospital admin ask me to stay for the ‘patients, friends and staff’ because they could not afford to pay me another raise. I had a new job within 2 weeks with a 10% salary increase – it took them nearly 2 years to fill the position I left behind. Those ‘friends, staff, and patients’ don’t contribute a single thing to my salary and they do not pay my bills – no thank you. Do not blindly think your organization cares about you, know your worth, and leave for the organizations that can afford to pay you what you are really worth.”
How you get true job security
YouTube comments:
“I always thought after I graduated college and got my first job at corporate I thought finally got a job I could never lose. Boy was I wrong. I’ve seen some of the best coworkers I had get laid off because the company decided the department was no longer needed. You really need to take charge of your personal interests because no one else will.”
“You see, jobs are temporary, they come and they go. Your skills, personality and attitude stay. So smile, take a step forward, and do whatever you love. Thanks Matt! :)”
About his father being laid off from his “safe” desk job: “You can fail at what you don’t want, so why not take a chance on doing what you love?” – Commedian Jim Carrey
Job Security in an Insecure Time
2018. American workers struggle with massive layoffs and the stress of an unknown future.
YouTube comments:
“$70k + Benefits? YOU MAKE ENOUGH MONEY. How can you not survive on that? They expect a job for life where they never have to save or plan or invest or learn any new skills. And they say millenials are entitled?”
“The US needs a union revival. This is disgusting to watch.”
“I you’re making 70 grand a year, you should be saving at least 20 thousand a year, but Americans like to buy their toys and squander their money like there’s no tomorrow. Just do the math: 20 thou/year over 15 years that’s 300 thou, house paid off plus compounded interest. just saying.”
Money is not everything
Do you want to pay your employees a bonus? Beware, this might not be a good idea: Studies show that extra money can hurt employee motivation and job satisfaction.
What is the ideal salary? Even if funds were unlimited, pinpointing the ideal salary would be difficult. The first intuition is: the higher the salary, the better the work results. But studies show that the connection between compensation, motivation and performance is much more complex. In fact, there is some evidence that people would not be happier in their jobs if they had control over their salary.