July 2015 – Kurt Kovit

31Jul 2015 by Kovit 1 Comment

Right things done right

We always want to do the right thing right, right? There is only one way to do that, increase the efficiency and effectiveness. First we need to understand the difference between the two, since a lot of people including my past self confuse the two. Even though these work hand in hand one does not imply the other. That is you can have a company which is effective but not efficient. Efficiency is about functioning in the best possible manner with the least waste of time and effort. It usually can be expressed as a percentage of the input and output. Effectiveness has to do with the end product or result. Essentially being effective is about doing the right things, while being efficient is about doing things right. In the…

08Jul 2015 by Kovit 2 Comments

Company Visions

Human Nature

Company visions, mission statements, values… what a load of crap right? Wrong! Up to a few months ago I use to believe that having a vision or a mission statement was plain bullshit. But when you stop to think about it without a vision you are all over the place and not sure in which direction you should be going. A company should be group of people with the same set of common values and beliefs. The reason for this is trust. I like to use an example by Simon Sinek. When you are abroad and meet a person from your birth place, you become immediate friends. There is immediate trust between the two of you. The reason is because you know that the people from the same country share…