Get Out Of Your Own Way Ch: 24

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Questions and Answers

What is the main point of the quote by Harvey MacKay?

It's the people you don't promote who make your life miserable.

It's the people you don't fire who make your life miserable. (correct)

It's the people you fire who make your life miserable.

It's the people you hire who make your life miserable.

What is the main reason why Donald Trump is able to let go of people who aren't working out well?

He has no emotional attachment to his employees.

He knows how to use performance reviews with tangible expectations and measurable results. (correct)

He has a lot of experience in firing people.

He has a lot of wealth and can afford to make mistakes.

What was Deborah's fundamental problem in dealing with Joe?

She didn't have the authority to fire employees.

She was too lenient with her employees.

She was afraid of confrontation. (correct)

She didn't have clear expectations from her employees.

What is the consequence of not firing people who aren't working out well?

The company will lose time and resources in the long run. Signup and view all the answers

What is the main takeaway from the passage about managing employees?

Give a lot, expect a lot, and if you don't get it, prune. Signup and view all the answers

What is the most obvious way to avoid firing bad employees, according to Tom Peters?

Making sure the right ones are on board in the first place Signup and view all the answers

When hiring a new employee, what is the best chance for objectivity?

When you hire a new employee and when they leave Signup and view all the answers

According to the content, what is a characteristic of someone who lacks ethics?

They lack the judgment to know the right thing to do Signup and view all the answers

What is the purpose of the 'Self-Other Inventory' tool?

To make explicit, realistic expectations for employees Signup and view all the answers

What is the consequence of holding on to employees who should be fired?

It can give your competition a great advantage Signup and view all the answers

Al Dorskind fired everyone at Universal Studios to give existing employees a chance to improve.

False Signup and view all the answers

A person who is proactive and takes initiative is likely to be considered a good employee.

True Signup and view all the answers

The 'Self-Other Inventory' tool is used to evaluate an employee's strengths and weaknesses.

True Signup and view all the answers

Firing bad employees is the only way to ensure that a company is successful.

False Signup and view all the answers

Lacking ethics means not knowing the right thing to do in a situation.

True Signup and view all the answers

Study Notes

Firing Bad Employees

Harvey MacKay's quote: "It isn't the people you fire who make your life miserable, it's the people you don't."
Donald Trump's ability to let go of underperforming employees is a key aspect of his management style.

Difficulties in Firing Employees

Many managers have a hard time firing bad employees due to laws against wrongful termination and the fear of confrontation.
Firing the wrong person can lead to wasted time, money, and opportunities, ultimately affecting the company's performance.

Avoiding Firing Bad Employees

Hire the right employees in the first place to avoid having to fire them later.
When hiring, filter out individuals who:
- Lack initiative and are passive or reactive.
- Won't make and keep commitments.
- Refuse to cooperate and always find reasons to say "no".
- Are not accountable for personal decisions and actions.
- Fail to learn from mistakes.
- Have no imagination and are not curious.
- Lack ethics and integrity.

Performance Reviews

As a performance reviewer, ask yourself:
- Would you rehire this person?
- In what capacity could they best serve the company?
- What are their greatest strengths and weaknesses?
- How can they maximize their strengths?
Use the "Self-Other Inventory" tool to evaluate employees and set realistic expectations.

Importance of Firing Bad Employees

Holding on to underperforming employees can give your competition an advantage.
Firing bad employees allows you to rehire better ones and improve overall company performance.

Firing Bad Employees

Harvey MacKay's quote: "It isn't the people you fire who make your life miserable, it's the people you don't."
Donald Trump's ability to let go of underperforming employees is a key aspect of his management style.

Difficulties in Firing Employees

Many managers have a hard time firing bad employees due to laws against wrongful termination and the fear of confrontation.
Firing the wrong person can lead to wasted time, money, and opportunities, ultimately affecting the company's performance.

Avoiding Firing Bad Employees

Hire the right employees in the first place to avoid having to fire them later.
When hiring, filter out individuals who:
- Lack initiative and are passive or reactive.
- Won't make and keep commitments.
- Refuse to cooperate and always find reasons to say "no".
- Are not accountable for personal decisions and actions.
- Fail to learn from mistakes.
- Have no imagination and are not curious.
- Lack ethics and integrity.

Performance Reviews

As a performance reviewer, ask yourself:
- Would you rehire this person?
- In what capacity could they best serve the company?
- What are their greatest strengths and weaknesses?
- How can they maximize their strengths?
Use the "Self-Other Inventory" tool to evaluate employees and set realistic expectations.

Importance of Firing Bad Employees

Holding on to underperforming employees can give your competition an advantage.
Firing bad employees allows you to rehire better ones and improve overall company performance.

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Description

This quiz is about leadership and business, inspired by quotes from Harvey MacKay and Donald Trump. It explores the nature of self-promotion and leadership styles.