How Roman Abramovich Became a Billionaire at Age 34, and Why Most Managers Struggle



Learn Management Articles on management-info.biz. How Roman Abramovich Became a Billionaire at Age 34, and Why Most Managers Struggle article will help answer your questions on Management Articles.We at management-info.biz specialize in Management Articles. Management Articles at management-info.biz provides the most up to date news and articles. If you have questions please do not hesitate to contact us.

When he was only 36 years old Roman Abramovich bought Chelsea Football Club. Within a year he had spent £90m on new players and Chelsea finished 4th in the league.

Mr. Abramovich’s reaction was to fire the Manager in 2004 and bring in Portuguese coach Jose Marinho. In 2005 Chelsea won the Premiership, The League Cup and the Community Shield. They also made the semi final of The Champions League.

Mr. Abromovich’s behavior differs from that of most other senior managers in four important ways.

Do it Now

He didn’t get to be a billionaire at the age of 34 by putting off important issues until tomorrow. It is a sure bet that he never hesitates to do what needs doing today. He is not a man to be deterred by constraints of budget, resources or other people’s attitudes or opinions.

Make it happen

Even the most cursory study of Mr Abramovich’s career shows that whenever he’s involved he makes a difference. He is not a man who allows anything to deter him from what he wants to achieve; just look at what has happened in Chukotka province since he became Governor only 5 years ago.

He employs the best people then gives them the best leaders, resources and coaches to make sure they deliver to the highest standards.

Build on Success

Most managers do not seek to improve their team until things are going wrong or their people are overloaded and stressed.

Roman Abramovich brought in a first class coach when Chelsea were doing well but needed a little extra to make them into table toppers.

This very successful business man deliberately builds on success - most ordinary managers only try to fix things when they think they’re going wrong.

Provide the Resources to Achieve the Results

When it comes to taking risks most managers don’t want to know. “Safety first” is their motto. “Keep a low profile”. “Keep your head below the parapet”. “Don’t put your wage packet at risk.” Such attitudes only ensure that their ideas are incinerated on the fires of corporate bureaucracy. Their passion is dissipated by their lack of courage to push their plans through to implementation.

I would bet a lot of money that Roman Abramovich does not think about safety. I’ll bet that he focuses all his attention on the result he wants and that he makes it his business to provide the resources necessary to achieve those results.

What about you?

Good questions to ask yourself are: Are you focused on the results you need? Have your team got the resources they need to achieve those results? Are you allowing constraints of budget or company policy to hold you back? How big a player do you really want to be? What is it about the way you behave that’s holding you back?



26 Feng Shui Secrets. - No non-sense Feng Shui Secrets of the Orient - learn 26 secrets to increase your wealth, harmony, and romance!
Sewing Roman Shades. - How to easily sew roman shades. Step-by-step roadmap to professional window shades.

This webinar will provide an introduction to the exciting new world of cloud-enabled mobile computing. A few complex user scenarios possible with this new paradigm will be discussed, along with a hands-on tutorial for developing such mobile applications on Microsoft’s Windows Phone Platform. The presenters and moderator are tops in their field.

To found out more and register for this Webinar January 26th 2012 at 2pm EST, go to:
http://blogs.technet.com/b/cdnitmanagers/archive/2011/12/07/the-cloud-in-your-hands-marriage-of-cloud-computing-with-smart-devices-acm-free-webinar.aspx



Article Index: | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81


More Articles:


1. Uncovering the Secrets to Effective Performance Management By Allan Mackintosh
In many ways there are no secrets to implementing effective performance management. Performance Management is a process and a process which if implemented effectively should ensure that both employees and managers remain both productive and motivated.The actual process itself should hold no secrets. There are simply a number of steps to be considered within the Performance Management process these being as follows:1. Agree roles and responsibilities and the objectives and targets that go with …
Online Games

2. The Crisis of Modernity By Len McNally
Since the beginning of the industrial era our world has been facing what some historians call an ongoing "crisis of modernity". As fast as we adjust to new circumstances, the circumstances change again, and, the rate of change seems to be multiplying exponentially. Of all the demands imposed by twenty first century leadership, perhaps the toughest is the ability to not only manage change but to instigate it, control it and to be it's master. Dealing with the ever increasing rate of change may …

3. Getting to Consensus
The need to get people in an organization to pull together comes out often in discussions about communication.Let’s think of it as getting to consensus, to roll a bunch of similar issues into one ball. Further, let’s think of getting to consensus as a process. That is, something that happens as the result of a series of deliberate actions on our part.We start the process by analyzing the current situation - how far from consensus do we now stand? Do we have embittered, untrusting people in the g…

4. Making Change Work By Mark Eaton
Shaky FoundationsWhilst over 60% of businesses will be looking to implement some form of business improvement initiative over the next 18 months, less than 1 in 4 of these change programmes will achieve any worthwhile results that are sustainable for a further 12 months post the introduction of change.This brings into focus two key problems:1. Some 40% of businesses are not planning to introduce any form of change, even though it is likely that there will be significant changes in their market…