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A reliable, consistent and uniform financial reporting is an important part of
good corporate governance worldwide. Different countries have different sets of
Accounting Standards to regulate financial reporting by their corporate sector.
However, with the advent of globalization, investment beyond the boundaries
and trading has increased. The investors, therefore, need a uniform globally
accepted set of Accounting Standards followed by companies so that

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Establishing a positive, productive, and open relationship with employees is one of the most important goals of an e manager. The first step in this worth-while goal is writing an up-front agreement with each employee. An up-front agreement identifies what you expect of the employee and what the employee can expect from you. Clear understanding is encouraged by clearing stating specific goals and the activity or action steps required for their achievement. The manager’s responsibility is to encourage the commitment of each employee to carry out the action steps required for success.

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As a business person, there are obviously a number of things you have to do to be successful. However, as we all know, success always boils down to the person’s attitude and motivation in whatever they decide to do. In this regard, there are four decisions that you need to make regarding yourself and your career to become successful. The people who do not reach success and are unable to use more of their potential have not made one or more of these decisions.

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Focus, Unique, Teamwork, Urgency, Recommit, and Enthusiasm are the “Keys to Your Future.” I have discussed Focus and Unique in depth in two prior articles and in this article I would like to discuss the third key – Teamwork.

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In last month’s column, I described the first four keys to supercharge your goals.
1. The first vital key is to put your goals in writing. This puts the wheels in motion for your goals and makes your goal as specific as possible.
2. The next key is to take personal responsibility for your goal. You must state your goal in the first person. In other words, always use the pronoun “I” when you are stating your goal. This tells your mind that you are responsible for the attainment of that goal

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Many people set goals on January 1 for the new year. They all have good intentions to make significant changes in their lives. However, by the end of January 2, and for many people by January 2, these goals are a distant memory.

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I have been working in the personal and organizational development industry for over 14 years. During this time, I have had a chance to interact with a wide range of people. All the way from the very top performers in business down to people who fail miserably. I always try to analyze what separates the great performers from the mediocre and “also-rans.” I have discovered six characteristics or qualities that I have found in almost every top producers. These qualities are either missing or not completely developed in people who are not considered top level producers.

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Every person wants to be successful in their chosen career. Why, then, doesn’t everyone succeed? Clearly, there’s no single reason. I do believe, though, that one of the primary reasons is lack of focus.
A problem facing every businessperson, every salesperson, every leader, and every manager is having too many options.

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In my previous series of articles on the Keys To Your Future, I have outlined the first four keys to your success: Focus, Unique, Teamwork, and Urgency. Focus is what keeps you concentrated on your goal; Unique describes the unique gift or talents that we all posses for achieving our goals; Teamwork is the vital ingredient for an organization’s success; and Urgency is the fuel that causes you to act to achieve your goal. The fifth key to your success is to Recommit every day to your goals.

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What makes a person successful? In my series of articles on Steps To Success, I have written about o achieving success.
■ I. The first step was Know Your Goals. You must know what you want before you can achieve it. Having clear-cut, written goals is the foundation for ultimately obtaining whatever you desire.