Special thing of famous person Essay Example | Topics and Well Written Essays - 500 words

Special thing of famous person - Essay Example As a result of the combination of all his talents, Jackson has been inducted in the Rock and Roll Hall of Fame and Museum and the Songwriters Hall of Fame. The Rock and Roll Hall of Fame and Museums states the following about him: â€Å"Michael Jackson is a singer, songwriter, dancer and celebrity icon with a vast catalog of hit records and countless awards to his credit. Beyond that, he has transfixed the world like few entertainers before or since. As a solo performer, he has enjoyed a level of superstardom previously known only to Elvis Presley, the Beatles and Frank Sinatra.† (The Rock and Roll Hall of Fame and Museum, 2001). The Songwriters Hall of Fame stated the same idea with the following words: â€Å"Michael Jacksons remarkable 30-year career has scaled unparalleled musical, commercial and critical heights. His myriad achievements include being responsible for the best-selling album of all time, pioneering the music-video medium, and virtually redefining the concept of the modern pop star.† (The Songwriters Hall of Fame, 2002). On the other hand, the Internet Movie DataBase remarks his talent as follows in a more critical vein: â€Å"Michael Jacksons skills as a singer, dancer, writer and businessman are unparalleled, and it is these prodigious talents that will ultimately prevail over the extremely negative aspects of his seriously troubled life.† (IMDB, 1990-2006). On of Michael Jackson’s most famous quotes is the following: "Ill always be Peter Pan in my heart". (IMDB, 1990-2006). Indeed Michael Jackson has been an outstanding success all of his life. He has won 13 Grammy Awards. He is known as â€Å"The King of Pop†, he was voted the 35th Greatest Artist of all time in Rock and Roll by Rolling Stone and he was honoured with the Presidential Humanitarian Award from President Reagan at the White House in May 1984 as a recognition of Jacksons contribution to the campaign against drunk driving using the song

Family business Essay Example | Topics and Well Written Essays - 3250 words

Family business - Essay Example Key performance indicators such as financial ratios and pay for performance are a good way to assess overall and individual performance of an individual in the organization. The basic KPIs used by family owned businesses could be: Financial ratios, these are good indicators of how well the business is doing financially. This is because the biggest risk in a family business is the mismanagement if finances and useless spending by family members on their personal affairs. Measures such as sound financial reporting and analysis can allow the organization to keep a check and balance on the performance of both the company and the individuals working within it. Pay for performance is also another way to measure good business performance in a family business. Individuals in a family business are driven towards making the company successful and have a thirst to prove their worth. If the company works according to the rules that are applied to all employees and not just family members, pay for performance can be a good indicator of business performance. The biggest risks apart from financial drain are rivalry among family members over ownership and capital, nepotism and favoritism and sibling rivalry after succession. To avoid this, proper succession planning should be in place so that even after the demise of the first generation, the business performs well enough to go to the second generation. Family governance involves the family to regularly meet and discuss where the company is headed and devise long term strategies. It involves the members who are on the B.O.D to meet with the members of both family and management to discuss how the organization is performing under the set values of the family. Like mentioned, most family businesses tend to involve themselves more in philanthropy due to the values it holds There are three components of family governance. When it comes