Most readers got our point — and for those who were made extremely uncomfortable, we will provide some thoughts in a minute — but some took us to task for saying that asking someone where they expect to be in five years is a great way to uncover the applicant’s “ambition, personality, values, thinking process, etc. The way people answer this question can tell me a lot about them and whether they are the right person for a particular job/environment.”
Well, we don’t claim to be recruiters. But between the three of us we have hired literally hundreds of people and our experience has been that if you are looking to discover those things, there is a much more direct — and we would argue better — way of finding out. Ask the person what they have been (or are now) utterly committed to in their life: “What really turns you on and attracts you almost in spite of yourself? What are the things that you can’t put out of your mind?”
What our organizations need today — perhaps above all else — is commitment. People who truly want to do a great job. Who are driven to do so. The best way to find out if someone has that kind of desire and commitment is to ask about times they have demonstrated it in the past.
Does it have to be work-related?
It would be nice, but no.
People make business plans for all sorts of reasons — to attract funding, evaluate future growth, build partnerships, or guide development. Unfortunately, the vast majority of these plans are usually out of date by the time the printer ink dries. Business moves fast: the product’s features morph, new competitors emerge, or the economic climate shifts. When these changes occur, many people just throw their business plans out the window. For a plan to be truly valuable it needs to evolve with your company and stay relevant in the face of uncertainty. [Más…]
What the Experts Say
Despite the hype business plans get from corporate advisers, “most business owners don’t have a formal business plan,” says Patricia Greene, Professor of Entrepreneurship of Babson College and co-editor of The Development of University-based Entrepreneurship Ecosystem. Yet one of the first items you’ll find on every entrepreneur’s checklist is Write business plan. The key is to create a living document. “When you think about a business plan, think about the distinction between a snapshot and a moving picture,” says William Sahlman, the Dimitri V. D’Arbeloff – Class of 1955 Professor of Business Administration at Harvard Business School and author of How to Write a Great Business Plan. Sahlman explains that you need something that moves with your business. However, capturing all of the unknowns while not sounding wishy-washy is challenging. Below are several ways to make sure your plan is a fluid, useful document.
Tagged with: Babson College
, Business plan
, Harvard Business School
, Patricia Greene
, Public speaking
, Small business
, United States
, Venture capital
, William Sahlman
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