A Lesson from the Wall Street

In the fiscal year just ended, Harvard paid its top five investment managers an average of more than $4 million. Each. Per year.
Have they been overpaid ? Just look a the investment managers on the same footing on Wall Street and you will say no , in fact they may as well have a right for a few more dollars.

One evident thing to it:
The massacre at Wall Street has shown one thing very clearly that "talent" + "effort" does not relate to "salary". Highly paid managers took down the backbone of the system with them. Why? Because the "talent" never showed up in learning from the mistakes and "effort" never showed up in forecasting what can go wrong and "integrity" ( for that case a virtue ) never showed up on communicating to the world what will go wrong.

The reason :
They were driven by the force of performance which will be a measure of their skills. When the market is good they are the gods and who wants to point the fingers at god in good times . And thats where they kept working "bring money home and no one asks you the questions", and then when thunder sounds we pray to god for safety and when continuous prayers don't get heard its then we start complaining about the "gods", but by then most of it is lost. So yes its not them just but also the system beneath them which is responsible for this financial bloodshed.

The Lesson :
Marketers are driven by the very force of performance of organization ( for the product /services etc. that they are responsible for ) and the performance of themselves, since that will be measure of their expertise. But before you are taken for a ride with just these goals. - Learn from your mistakes.
- You are winning now doesn't mean you stop their. Develop foresight and create the platform for your products/services in future, what i have learned is called "network" yourself for future.
- Have the courage to accept what can go wrong in your strategy if you can predict its good, if you didn't predict and now you are about to face it , don't throw a black curtain on it. Since it will show up anycase but if you throw a curtain , it will bring huge losses and if you prepare and accept it you may create a cushion of least damage both to the market and your organization.

Knowledge, foresight, courage will take you a long way as a marketer.