Transcript The Prince
The Prince “ It is better to be feared than loved ” James Alford Amelia Eveland Rick Leaper Kaley McNay Anda Shiarla Rules of the Game • First team to hit the bell gets to answer the question first • If the first that fails to answer correctly, the opposing team gets a chance to answer the same question • A question answered correctly earns a point for that team • The team with the most correct answers wins the round Let’s get started!! What are the top 5 of virtus? Ability Intelligence Skill Courage Vigor What are the four types of principalities? Heredity Mixed New Ecclesiastical What are the Four types of armies described in The Prince? Mercenaries Auxiliary Troops Native Troops Mixed What are the main themes? Human Nature Virtue Free Will Fortune Qualities of a Ruler Applying The Prince to Today’s World Reward and Punishment • “A prince will find it advantageous to resort to unusual and distinctive acts in civic matters…and whenever someone does something extraordinarily good or bad in civic life, he should reward or punish him in a manner that will arouse considerable comment.” – pg. 84 • Intrinsic and extrinsic motivation • Set an example • RecSports Marketing Team Better to be Feared Than Loved • • • • Do not want to be hated Maintain power Determine the amount of injury Real life example – Work harder – Higher quality of work – Cautious of work ethic Outsourcing your Core Competencies • "The two most essential foundations for any state, are sound laws and sound military forces" (51) • Control should reside with the prince • “Carrot & Stick” • Don’t outsource activities from which you gain a competitive advantage • Summit Information Systems Understand the Business before Making Changes • • • • Observe and evaluate the culture Changes should be gradual Personal example HP example – Carly Fiorina – Did not adapt to the culture To Please the Troops or the People • How do you define Troops and People in a corporate environment? • Are the troops the employees and the people your customers? If so who is more valuable to the well-being of the corporation? You need both. • Are the troops the employees and the people your shareholders? Who is the prince, the CEO? • If the troops are the employees and the people your customers how do you keep both happy? • What do good companies do to keep both happy? • SWA & Costco Ability vs. Good Fortune • Fortune: Didn’t earn it, so may not deserve it • Ability: Harder to get power; easier to keep it Acted on opportunity Most successful Small Group Activity: Four Princes of Pragmatism CONGRATULATIONS! Congratulations! You are 1/6th of the way to your MBA!