Management Responsibilities

Still seen by many, as it use to be, a master in the master/slave relationship, but management has evolved into functions, to plan and execute a successful mission. The term "Management" does not refer to the highly trained and experienced people involved but to the roles. The staff, which management instructs and depend on, must consist of highly productive and motivated people. The investors, which approve the strategic plan and receive periodic reports and results, are person who, take the risk, but need a return on their investment. The mission is designed by management to bring together and benefit productive staff and investment resources.

Sovereign Wealth Funds

What should have been done, still needs to be done. Policies, legally enshrined, to save a minimum percentage of annual revenues in addition to a percentage of collected surpluses, when applicable. Invest these savings from royalty on non-renewable depleting resources and materials in a fund with long-term objectives and, at the same time, invest savings from surpluses achieved in previous years in a fund with short and medium term objectives. Minimizing the politics in a country's economic performance, by establishing firm rules, terms and conditions for withdrawals or other financial usages, is crucial. Such funds should only be used to develop export driven industries which will earn foreign exchange and/or reduce debt servicing in future years.

Investors and Employers

The true employers in society are individuals with a small savings account, having bills to pay and living within their narrow financial means. They are not hard nose greedy rich people as often portrayed by the media or enemies of workers’ unions engaged in unfair tactics during employment negotiations. The public impression of employers is one of a bully not listening or concerned with reasons but forcing the most out of their workers, that may more describe management, and the true employers do not directly hire and fire such management. Management’s role is to please both employers and employees. Employees expect the best working conditions with fair remuneration packages. And employers expect a safe place to put funds and receive a competitive yield to live on.

Knowledge into Wisdom

Born with a natural curiosity about the surrounding environment and a burning desire to fit in, children emulate and mimic adults with an inherent sense of belonging. Society must foster and instill that genuine love of learning from a very early age, allow an earlier start to decision-making and dream-structuring, share the benefits of intelligence across human communities, and continuously be a highly skilled and wise population. Inventions and innovations will soon erode unskilled jobs, leaving basic tasks to technology driven devices, operators and mechanics. Society will adapt by engaging training applications suitable to every type of learning and testing to encourage, achieve and recognize individual skill measurements.

Negotiations

A win-win situation is always the mission in any negotiation with all parties parting under friendly terms. Gathering information on each party’s abilities and capabilities, managing times and deadlines with actionable penalties, understanding past opportunities taken and missed, and the suffering incurred cause by sabotage or opposing positions, and explaining the future vision with and without agreement. Negotiations are, at its very simple core, whether addressing international trade agreements, commercial arrangements, mergers and acquisitions, employment contracts or, even, personal relationships, about uniting or dividing.