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What Is Another Word For Businesspeople?

Athletes, high-flying businesspeople and, yes, even football managers use it to boost performance. Once you have assessed the business’s true performance, you need to enhance it operationally ; reward it appropriately (push performance-related variable compensation schemes down into the organization); and price it advantageously . People-intensive companies and business units ought to be managed and measured in ways that reflect their unique economics. Madam C.J. Walker is listed in the Guinness Book of World Records as the first female self-made American millionaire. She manufactured and promoted a cosmetic-and-hair-care line catering to black women, through the Madam C. J. Walker Manufacturing Company. She was also the richest African-American businesswoman when she died.

Most managers fail to see that, economically speaking, IBM more closely resembles, say, advertising giant Omnicom or oil-field services firm Schlumberger than it does an industry neighbor like Intel. That is, even though cooperative and competitive relationships with Intel are important to IBM’s strategy, the company’s operational performance will be driven mainly by the things it has in common with seemingly dissimilar people-oriented businesses. However, there are some that last for ages, and great leadership is the secret. Great leaders have the ability to motivate employees, help others see and believe in a vision, and lead innovation in the company. Having a great leader at the helm is something that all investors, consumers, and employees want.

His foundation, the Bill and Melinda Gates Foundation, is working to provide clean water and sanitation to third-world countries. Like Warren Buffett, Gates has also promised to leave the vast majority of his wealth to charity. Also known as Pony Ma, he is the founder and president of Tencent, Inc.

This would be his first step towards creating a company that would hold the record for largest IPO in history. Add business people to one of your lists below, or create a new one. Bankers, business people and industry representatives say the numbers don’t tell the whole story.

The co-founder and CEO of the popular social networking website, Facebook, Mark Zuckerberg is also amongst the richest men in the world. Fascinated by computer since his early life, Zuckerberg co-created TheFacebook while still in college and later even dropped out to devote more time to it. At 23, he became the youngest self-made billionaire in history at that time. Although LinkedIn was founded in 2002, it was under Weiner’s leadership that LinkedIn completed its IPO and became one of the most-used social media platforms in the world. Weiner is also extremely active in non-profits, sitting on the Board of Directors of DonorsChoose.org and Malaria No More. Some people have referred to him as the “Wizard of Omaha” and he is consistently named as one of the wealthiest people in the world.