Are You a CEO of the Future?

Debra Greig
Debra Greig, CEO

TransforMana leads a guild of high-tech business leaders who share common interests and goals. We come together for mutual aid and support, and to study the art and science of business. (Learn more)

In this blog we’re talking about business and about our roles as CEOs. We welcome your comments. When you contribute to the discussion, please remember that we are trying to learn from each other. If you agree with our ideas, strengthen our arguments. If you disagree, explain where our thinking might be flawed.

Thank you for helping us learn and grow – as leaders and as people.

Ego is the Enemy

Ego Is the EnemyI’ve been reading …

Ryan Holiday’s Ego is the Enemy is one of the most important books that I’ve read for a long time and I think it is worth spending some time with.

From the book, the accolades for Holiday’s new contribution to our never-ending education

“In his new book Ryan Holiday attacks the greatest obstacle to mastery and true success in life—our insatiable ego. In an inspiring yet practical way, he teaches us how to manage and tame this beast within us so that we can focus on what really matters—producing the best work possible.”
—Robert Greene, author of the #1 New York Times bestseller Mastery

“I see the toxic vanity of ego at play every day and it never ceases to amaze me how often it wrecks promising creative endeavors. Read this book before it wrecks you or the projects and people you love. Consider it as urgently as you do a proper workout regimen and eating right.  Ryan’s insights are priceless.”
Marc Ecko, founder of Ecko Unltd and Complex

Until Monday, GUNG Ho friends!


My gratitude goes to Michael Heath of Cyanic Automation for connecting me to this highly insightful work. Thank you Mike – I owe you another one.

Economic Value Added

A measure of a company’s financial performance based on the residual wealth calculated by deducting cost of capital from its operating profit (adjusted for taxes on a cash basis). (Also referred to as “economic profit”.)

The formula for calculating EVA is as follows:

= Net Operating Profit After Taxes (NOPAT) – (Capital * Cost of Capital)

Read more: http://www.investopedia.com/terms/e/eva.asp#ixzz3YWUnXaqn

BHAG

Big hairy audacious goal is a strategic business statement similar to a vision statement which is created to focus an organization on a single medium-long term organization-wide goal which is audacious, likely to be externally questionable, but not internally regarded as impossible. (Wikipedia)