Business' Ten Commandments

The Ten Commandments[1] were originally coined by turnaround expert Wilbur L. Ross, in regard to managing buyouts and mergers. But, as is evident, they are good advice for anyone reviewing any operation.

1. Ask about everything but be skeptical until you reach a conclusion.
2. Be polite, friendly and all-inclusive, but do not waiver.
3. Move quickly and decisively.
4. Admit errors and correct them immediately.
5. When in doubt, go for change.
6. Never give up.
7. Work 24 hours a day, seven days a week.
8. Do not expect credit for your work, but give others credit for theirs.
9. Do not settle for second-best staff.
10. Know when to fire yourself.

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1. Cangemi, Michael P., Issues and Comments: Turnaround Management, Information Systems Control Journal, Volume 2, 2007, ISACA.