6W Business Success

Knowing Why, What, Where, When, Who and How are the 6W’s of the business success in corporate growth.

Know Why:
Start a business when you have a passion for something and want to create something that you can be proud of. Inspire your people with a clear vision. Define shared values and let values rule. Build your distinctive corporate capabilities to achieve competitive advantage.

Know What:
Finding the right balance in your business will help you refine your goals and hasten you towards them. Organizations prosper by achieving strategy through balancing the four major factors or perspectives: Financial; Customer; Process; and Growth.

Know Where:
Remember the old joke about the car mechanic who’s called in after every other mechanic failed? He listens to the engine for a few minutes, then hauls off and gives it a big swift kick in a certain strategic spot. Lo and behold, the engine starts humming like a kitten. The mechanic turns around, gives the car owner his bill for $400 and the price breakdown: '$1 for my time, and $399 for knowing where to kick.’

Know When:
Timing is everything. You have to know not only how to make a move, but when. “The value of actions lies in their timing,” said Lao Tzu. Customer value derives from timely delivery. Change is unavoidable, but if you can anticipate it and understand business cycles, you can ride with change instead of being run over.

Know Who:
"In the end, all management can be reduced to three words: people, product, and profits. People come first," said Lee Iacocca. Your corporate vision is worthless, strategies powerless and shared values are corrupt without the right people to execute.Know How - Manage processes, not people. Focus not on what they do, but on how they do it. Establish a synergistic enterprise-wide and an end-to-end (cross-departmental, and often, cross-company) coordination of work activities that create and deliver ultimate value to customers.

University Of Washington

The University of Washington, also known as Washington and locally as The U or UW (pronounced "U-Dub"), is the largest university in the Northwestern United States and the oldest public university in Washington founded in 1861. It is a public research university in Seattle, Washington, United States. The UW maintains three locations, with its flagship campus in Seattle's University District and branch campuses in Tacoma and Bothell. The university is known as Public Ivy, an American term for state-funded institutions of higher learning that "provide an Ivy League collegiate experience at a public school price." UW is the largest recipient of federal research funding among public universities and second among all public and private universities in the country, a position that the university has held each year since 1974. The university is an elected member of the Association of American Universities.

As of the 2006-07 autumn terms, the university has 40,216 students. In 2007, the average high school GPA of incoming freshmen was 3.75, and the average SAT (math and critical reading) score was 1,251. About 33% of all undergraduates are members of ethnic minority groups. Among the faculty, there are eight Nobel laureates (another three among UW alumni), 57 members in the National Academy of Sciences, 15 members in the National Academy of Engineering, 44 members in the Institute of Medicine of the National Academies, and 56 members in the American Academy of Arts and Sciences. Overall, the faculty is ranked fourth among public institutions with National Academy members and fifth in national faculty awards. Additionally, the UW faculty has eleven Macarthur Fellows, 13 Howard Hughes Medical Institute Investigators, eight Gairdner Foundation International Award winners, five Lasker Award winners, 11 MERIT (Method to Extend Research in Time) Award winners, 19 PECASE (Presidential Early Career Awards in Science and Engineering), four American Philosophical Society, one Fields Medal, two National Book Award, one National Medal of Arts, five National Medal of Science, two Pulitzer Prize and one Academy of Management Hall of Fame Gold Member (another one among UW alumni) holders.

International Monetary Fund Membership Qualifications

The International Monetary Fund (IMF) is an international organization that manages the global financial system by examining exchange rates and balance of payments, as well as offering financial and technical assistance. The IMF came into life on December 27, 1945, when the first 29 countries signed its Articles of Agreement. The statutory purposes of the IMF today are the same as when they were formulated in 1944. From the end of World War II until the late-1970s, the capitalist world experienced unprecedented growth in real incomes. Since then, the integration of China and Eastern and Central Europe into the capitalist system has added substantially to the growth of the system. Within the capitalist system, the benefits of growth have not flowed equally to all but overall there has been an increase in prosperity that contrasts starkly with the conditions within capitalist countries during the interwar period. The lack of a recurring global depression is probably due to improvements in the conduct of international economic policies that have encouraged the growth of international trade and helped smooth the economic cycle of boom and bust.

Any country may apply for membership to the IMF. The application will be considered first by the IMF's Executive Board. After its consideration, the Executive Board will submit a report to the Board of Governors of the IMF with recommendations in the form of a "Membership Resolution." These recommendations cover the amount of quota in the IMF, the form of payment of the subscription, and other customary terms and conditions of membership. After the Board of Governors has adopted the "Membership Resolution," the applicant state needs to take the legal steps required under its own law to enable it to sign the IMF's Articles of Agreement and to fulfill the obligations of IMF membership.

United States Marine Corps

The United States Navy has enjoyed a special relationship with the United States Marine Corps (USMC), partly because they both specialize in seaborne operations. At the very top level of civilian organization, the USMC is part of the Department of the Navy and reports to the Secretary of the Navy. However, it is considered to be a distinct, separate service branch and not a subset of the Navy; the highest ranking Marine officer, the Commandant of the Marine Corps, does not report to a Navy officer. Marine Corps Medal of Honor recipients are awarded the Navy variant and Marines are eligible to receive the Navy Cross. The United States Naval Academy trains Marine Corps commissioned officers while Navy officers undergo instruction by Marine NCO Drill Instructors, in addition to their normal Recruit Division Commander.

The relationship extends to the operational theater as well. As amphibious assault specialists, Marines often deploy on and attack from Navy vessels; while being transported on a Navy ship, they must obey the orders of its captain. Marine strike-fighter air squadrons operate alongside Navy strike-fighter air squadrons from aircraft carriers, though they frequently have distinct missions and rarely fly sorties together; except to directly support Marine ground troops. Other types of marine air squadrons operate from amphibious assault ships in support of marine amphibious operations. The USMC does not train chaplains, Religious Programs Specialists and Hospital Corpsmen or medical doctors; thus officers and enlisted sailors from the Navy fulfill these roles. They generally wear Marine uniforms that are emblazoned with Navy insignia and markings to distinguish themselves from Marines. Corpsmen, Religious Program Specialists, and chaplains enjoy a great sense of camaraderie with the Marines due in part because they work closely with them and often are embedded with Marine units. They operate under the command of the Marine Corps under the auspices of the Fleet Marine Force, often called "green side" corpsman.