Success Story (the rest of the world)

© King Fahd University for Petroleum and Minerals | Principles of Management MGT301 | Dr. Samer Hammad | Alaa Malibari
Colonel Harland Sanders
He has become a world-known figure by marketing his "finger lickin' good" Kentucky Fried Chicken. His chicken is now served daily across the United States as well as in more than eighty other countries. It is one of the largest fast food corporations in the world.
The spectacled Colonel Sanders could easily be identified by his clean, crsip white suite, black string tie, and walking cane. A statue of this man can be seen as far away as on Nathan Road in Kowloon, Hong Kong, for one place.
What makes Colonel Sanders' story so amazing, you might ask. One of the most amazing aspects of his life is the fact that when he reached the age of sixty-five years old, after running a restaurant for several years, Harland Sanders found himself penniless. He retired and received his first social security check which was for one hundred and five dollars. And that was just the beginning of his international fame and financial success story...
Harland Sanders was born in the month of September in the year of 1890. He was the oldest child in a family of five. His father toiled in the coal mines of Kentucky until his death, which came at a young age. Sanders had just reached the tender age of six years old when he had to take care of his younger brother and sister. With his father gone, that left the responsibilities of working and supoprting the family up to his mother. She began working in a shirt factory. Harland tended to things at home and learned to cook the meals by his mother's teachings. She taught him how to cook many foods, including fried chicken.
Over the next several years, Harland Sanders worked at a variety of jobs. He started out as a farm hand, then moved on to be a streetcar conductor while he was still just a teenager. From there he was a fireman on the railroad and finally ended up running a service station. Once again, he used his cooking skills that were learned from his mother to provide meals for travelers who stopped at his service station. As his cooking became more famous, and his food business grew, he moved into an actual restaurant nearby. His specialty was, of course, fried chicken which was seasoned with his original blend of eleven herbs and spices.
A few years later, in the year of 1935, when Sanders was forty-five years old, then Governor Ruby Laffoon made him a Kentucky Colonel because of his delectable cooking skills.
Progress is not always for the good of everyone, and in the 1950's, Colonel Harland Sanders got the news of the plans for a new highway which was going to be constructed. The highway could divert the majority of the traffic away from the town and, with the beginning of the highway, Colonel Sanders saw his successful business coming to an end. He closed the restaurant and retired to a social security check of one hundred and five dollars a month. When he received his first month's pension, he decided that he wasn't going to sit in a rocking chair and wait for the government checks. So, he convinced others to invest in his delicious fried chicken recipe, and Kentucky Fried Chicken was born.
Colonel Harland Sanders finally retired from the business when he was eighty years old, and stricken with illness.

Source: http://beta.essortment.com/16530-history-kentucky-fried-chicken- colonel-sanders.html

 

Columbia Business School Channel

© King Fahd University for Petroleum and Minerals | Principles of Management MGT301 | Dr. Samer Hammad | Alaa Malibari

vikram pandit at world leaders forum, Columbia university.
Vikram Pandit, Chief Executive Officer of City described Citigroup’s downfall and measures he has taken at the company to help the situation. He called Citigroup a “creature of its environment” that seemed to have an endless supply of money due to risky economic strategies employed by predecessors; according to him, “Size mattered more than ever.” Pandit then stepped in as CEO in December 2007, perhaps deserving an award for this utterly terrible timing—he himself even called it a “trying and difficult period for millions of people.”
The rest of Pandit’s speech involved describing what he has done while at Citi, and it can effectively be summed up with one word: “culture.” He described three major reforms he headed at Citigroup: rebuilding its financial strength, reiterating the fact the company is a bank (i.e., it will now focus on “banking basics”), and leading corporate cultural change. He spent the majority of the time describing this last effort, and indeed, he comes across as the culture warrior of the banking industry.
Pandit emphasized that “a culture of responsibility is a very powerful force,” and that Citi is attempting to create a unified culture that is based upon “values of responsible finance.” During this discussion, he repeatedly mentioned history and learning from the past, a move that indeed made him seem sage, as PrezBo described. However, the chief executive never mentioned specific measures he has taken internally to promote this culture of responsibility, only describing this culture at a very high level and how it will be led by a return to “the basis of banking.”
Pandit did take specific stances on other issues though, including echoing his support for the current financial reform bill in Congress. He also described changes he believed in that we are promised all too much. These included how “markets should be transparent,” the fact that an effort should be made to “bring Wall Street and Main Street closer together,” and how “we should end, once and for all, [the idea of] ‘too big to fail.’”
The question and answer session that followed was relatively tame, and without the vitriol you sometimes see when controversial speakers come to a World Leaders Forum event. PrezBo began the session by asking two questions linking the economy to constitutional law and world government (what a scholar!), to which Pandit responded how a document akin to a Bill of Rights would be useful in the financial industry. Throughout the rest of the Q&A, the CEO seemed to continue to echo generalized statements about the financial industry, including about having to return to “regulatory principles,” on how there is a “difference between speculation and serving clients,” and that a good thing that came out of the economic crisis is the “need for a systemic regulator.”
http://www.youtube.com/user/ColumbiaBusiness#p/f/1/kxXw0eK1ODM



Five Strategies for Customer Networks
There was an interview with David Rogers on behalf of Columbia business school. He described the five core behaviors of networked customers: first one is Access which should be freely, easily as possible. Second one is Engaging with content which means that the content for whatever reason is relevant, interesting and attractive engaging to us. Then, he explained the third one which indicates Customize. Customize is hard to pick a page particularly interesting to us among these huge number of pages on the network. Forth behavior is connect which means that people like to connect with others by flowing ideas and by expressing ourselves the last one is collaborate. Collaborate indicates that supporting the organization and working together in project.
http://www.youtube.com/user/ColumbiaBusiness#p/u/13/cd4QK_ZUCLA







Out2Play at Crain's New York Business Perfect Pitch Competition
Out2Play is a small company that can do about 40 projects every year with contractors. They skill up the company if they have more projects and expand to more cities beside New York City. Andrea Wenner was at Columbia Business School consult a project named Take The Field and then she moved to New York close to elementary school that doesn’t have a playground then she come up with the idea of starting . it is nonprofit company that depends on the public funding to build playgrounds for elementary schools. Ms. Wenner recalled some of problems that she faced when she asked for funding. She appreciates the entire enlargement from the Columbia community and outside that community.
http://www.youtube.com/watch?v=ow4QwKDh_8o