A Quote by Michael Spence

My father once said about being a parent that it is the only thing you do that requires a very long period of learning, and at about the time that you are becoming competent, you don't need the skills anymore. Notwithstanding this modest assessment of their parenting skills, they were wonderful parents.
Business requires an unbelievable level of resilience inside you, the chokehold on the growth of your business is always the leader, it's always your psychology and your skills - 80% psychology, 20% skills. If you don't have the marketing skills, if you don't have the financial-intelligence skills, if you don't have the recruiting skills, it's really hard for you to lead somebody else if you don't have fundamentally those skills. And so my life is about teaching those skills and helping people change the psychology so that they live out of what's possible, instead of out of their fear.
I don't even have any good skills. You know like nunchuck skills, bow hunting skills, computer hacking skills. Girls only want boyfriends who have great skills!
I realized that I was writing about folks with lots of skills, especially fix-it skills and survival skills, who were nonetheless not doing well in the new-millennium America.
I have great faith in 'ordinary parents.' Who has a child's welfare more at heart than his ordinary parent? It's been my experience that when parents are given the skills to be more helpful, not only are they able to use these skills, but they infuse them with a warmth and a style that is uniquely their own.
This world is changing enormously. In any position in a company you need to work very hard on learning new skills every day, but you also need to unlearn some of the old skills from the past.
In 1970 the top three skills required by the Fortune 500 were the three Rs: reading, writing, and arithmetic. In 1999 the top three skills in demand were teamwork, problem-solving, and interpersonal skills. We need schools that are developing these skills.
Without question, students need to practice, review, and drill skills, but they should do so only in the spirit of working toward more complex mastery of those skills. Redundant drill of skills is inherently boring and insulting to the learner, and it is one of the most effective methods for turning students off to learning.
In order to protect against being disrupted, startups also need to recruit employees that are committed to life-long learning. The skills that made your team members valuable may not be the skills needed to take your company to the next level or to compete in emerging markets.
[At Boston College] I started working on the kinds of skills that you need for comedy. It's about being creative and learning to use your gift for being able to let loose and be very unself-conscious. It took me time though before I was really able to get comfortable doing that.
One of the great things about being a grandparent is you get to redo what you didn't or couldn't do as a parent. Oftentimes we forget that even while the parent is parenting, they're still a growing person. They're still trying to fix themselves. They're still out there not doing everything a hundred percent correctly. I had the best parents I could ever have, but the kinds of things that they were capable of doing, the things that they said and did, were very destructive to my sister, brother, and me. But they're so much more than those things.
There are two ways to extend a business. Take inventory of what you're good at and extend out from your skills. Or determine what your customers need and work backward, even if it requires learning new skills. Kindle is an example of working backward.
I don't know who you are. I don't know what you want. If you are looking for ransom, I can tell you I don't have money. But what I do have are a very particular set of skills, skills I have acquired over a very long career. Skills that make me a nightmare for people like you.
It's about learning your craft. That's a wonderful thing--especially with today's consumerism and instant gratification. You can'tbuy that. It's about making decisions, corrections, choices. I don't think it's so much about becoming a tennis player. It's about becoming a person.
People give you a hard time about being a kid at twelve. They didn't want to give you Halloween candy anymore. They said things like, “If this were the Middle Ages, you'd be married and you'd own a farm with about a million chickens on it.” They were trying to kick you out of childhood. Once you were gone, there was no going back, so you had to hold on as long as you could.
Management isn't just about tactics and what happens on the training ground or in a game. Of course you need those skills. But what you also need is people skills.
There is a section of our population in South Africa that you can't expect to get integrated in the economy of its own. These are people without skills and that will include young people who might very well have matric certificates, but don't have the skills to be absorbed in the economy. So we need to target people like those in a special way, in a focused way so that they have the skills and the capacity to participate in the economy. That requires special programmes.
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