Dell Sees ‘Clearer Path’ to No. 1 in Asia

Asia-Pacific and Japan head Stephen Felice said putting out in the region was led by the agency of India and China, with annual revenue gains of 52% and 30%, respectively

by Vivian Yeo

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The PC maker is confident of its goal, based on its first quarter results announced Thursday in the United States, said Felice in a telephone briefing to media Friday. Dell reported sum total revenues of US$16 billion, some grow of 9 percent over the same time in conclusion year.

The company, he before-mentioned, is pleased with the “truly outstanding representation in this part of the world” derived from the diversified product lines and customer segments.

Year-on-year, the APJ reported a 31-percent jump in unit shipments for Q1, compared to the 22 percent globally. Revenue-wise, APJ grew by 19 percent to US$2.02 billion.

Growth in the clime was led by India and China, with year-on-year revenue increases of 52 percent and 30 percent, respectively. Product shipments in India, famed Felice, grew 10 times faster than the industry, at the same time that growth in notebook shipments to China was three epochs the industry average.

Dell, added Felice, has also enjoyed five quarters of sequential market share gains in the region.

“In the Asia-Pacific and Japan region, we’re pretty open about our goal to become No. 1,” he said. “Now, greater quantity than ever, I mark a clearer path to that. We bear confidence that our ambitions are actually being, and that we have a way to get there.”

The ambitious moves that Dell has made in China earlier this year, such as expanding beyond tier one and two cities, are starting to pay off, Felice told ZDNet Asia.

Calling growth in China “stunning this quarter”, Felice said Dell grew into the bargain two times faster than market leader Lenovo. The country, he added, will continue to play a significant part in Dell’s overall growth.

Emerging markets, on a whole, moreover showed up able in Dell’s Q1 results. The BRIC (Brazil, Russia, India and China) segment recorded a year-on-year increase of 73 percent for one shipments, and 58 percent with a view to revenue, in the quarter.

In addition, the visitors reported that revenue from international markets exceeded that of the United States for the first time.

Felice noted that markets outside of the United States decree continue to out-perform the domestic mart, like growth outside of the United States is more significant and faster.

“It’s very conceivable that two-thirds of the revenue [decree get to] from outside of the U.S. five years from now,” he added.

At the D6 conference this week, Dell CEO Michael Dell declared the company missed key industry trends such as consumer products and retail sales but has picked itself up again.

Budget-priced restaurants that offer great ethnic cuisine

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One woman’s “pagan” food is another’s home-cooking, and there’s little I like more than corrosive parallel the natives

Cafe Selam

Selam is dominated not by aesthetic (it’s near to a rundown body shop), nor by its d

This Central District spot caters to Seattle’s extending population of East Africans

Hosoonyi

Lucky me. Hosoonyi, united of the many Korean restaurants that dot the strip-mall landscape north and south of Seattle proper, sits minutes from my front door. Which is only one of the reasons I’ve long been a regular at this Edmonds “hot” stain where service is cause to the point of brusque and I’m frequently the only non-Korean in the protect.

I’d come for the banchan alone

Pacific Market

I’ve been stopping by this Lake City storefront for 20 years to buy Persian-pantry staples such as pomegranate molasses and limou omani

But while I don’t have the time or vigor to cook, and am looking to practice my fractured Farsi by owner Shahram Moghaddam, there’s always a seat at a prettily oil-clothed cafe table. Sitting in that place, I might sip a goblet of chai or a curative bowl of ash reshteh (yellow fissure pea broth). Or go for the full-meal give and eat a plateful of koreshte ghaymeh bademjan: fragrant beef and eggplant stewed meat served by basmati rice and lavash.

Sichuanese Cuisine

I not long ago paid a visit to Redmond’s bustling Sichuanese cafe, whose smaller (and I’d say even better) Seattle sibling sits just off 12th and Jackson. Two fans oscillated as the air hung humid in this crowded joint (waaaah! no beer!) while other fans delved into the bubbling broth of their spicy DIY hot pots, cooking up thin slices of raw meat, aromatic vegetables and rice noodles. Still others dove into delicious bowlfuls of raw, garlicky Sichuanese cold jelly (design: Jell-O by hot chili oil instead of whipped cream) and shared beef and pork “miscellany,” from whose depths one might encounter Western-palate-whatzats including tripe and tendon.

For those new to Sichuan cuisine, dry-cooked string beans, chili-pod-laden cilantro chicken and cumin-scented Sinkiang lamb should not dark up your life.

Tsukushinbo

If the kit behind the sushi rail looks familiar, you may have seen him operating at I Love Sushi, where he clearly learned some modern techniques. Now he’s “home” full-time at his family’s cozy Chinatown International District cafe, where, for mostly of his young life, his parents have been construction the locals feel at home by cooking country-style eats at luncheon and offering izakaya-worthy “toping” dishes come evening.

As of last month, Shota

Here you might sample saut

. To read her blog, go to www.seattletimes.com/allyoucaneat

Russia blames U.S. for global financial crisis (Reuters)

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"Failure by the biggest financial firms in the world to adequately take risk into account, coupled with the aggressive financial policies of the biggest economy in the world, have led not only to corporate losses," Medvedev told Russia's main annual event for international investors in St Petersburg.

"Most people on the planet possess be appropriate to poorer."

The Kremlin leader said investment by cash-rich Russian companies abroad, furtherance of Moscow as a major financial centre and use of the ruble as a reserve currency were part of the answer.

These could help solve problems created by dint of. what he said was a crevice between the United States' leading global economic role and "its true capabilities."

The Kremlin leader said economic nationalism had played a big part in triggering the current crisis, which he compared to the Great Depression of the 1930s.

"No matter how bombastic the American market and no matter how strong the American financial system, they are incapable of substituting for global article of merchandise and financial markets," Medvedev told the St Petersburg International Economic Forum.

The Kremlin ruler of the roost also attacked tumid bonuses paid out in the financial world, saying regulators needed to ensure that incentives promoted "rational manner based on a balanced evaluation of risks and rewards."

U.S. Secretary of Commerce Carlos Gutierrez, who spoke shortly after Medvedev, appeared to eject the criticism.

He uttered the United States had never based its policies on "housekeeping egoism" and believed in free carry on commerce.

"Globalization is in the national interest," he added.

Medvedev said Russia, now in the 10th year of an economic boom fuelled by soaring prices for its oil and gas exports, was in an perfect position to help solve the world pecuniary crisis since it did not share the problems of other leading economies.

"Russia is now a global player and understands its role in

supporting the global community," the president added.

"I propose holding a representative between nations conference involving the heads of the biggest pecuniary companies and chief financial analysts…as early as this year," the Kremlin chief said. "Such a platform could be converted into a permanent one."

The Kremlin has encouraged Russian companies, which are flush through cash from abstruse commodity and oil prices, to invest more actively abroad no more than this has caused fright in Western nations, that are traditionally suspicious of Moscow's intentions.

Medvedev said other countries had nothing to fear from Russian investment in their companies as it was "neither speculative nor aggressive" no more than purely based on pragmatism.

Sworn in last month as president, the Russian leader said world institutions had been unable so far to cope with the challenges from disposition to evaporate without ceasing world markets, including soaring commodity and victuals prices.

With its past being of the kind which a leading global wheat producer, Russia was ready instead of "constructive joint suit" to overcome the food problem, he related.

Moscow could also help with one more problem — a lack of liquid investable assets because of disappointment with the U.S. dollar. Russia would soon adopt a concoct to become a global pecuniary centre and make the ruble a regional lay by currency, Medvedev said.

The Russian first fiddle said that recent Kremlin moves to liberalize the household elastic fluid market and reduce taxes on the oil sector would forbear stabilize global bottom markets. Russia is the world's biggest aeriform fluid producer and its second-biggest oil exporter.

(Additional reporting by Oleg Shchedrov and Dmitry Zhdannikov; Editing by Ibon Villelabeitia)

Continental Airlines to cut 3,000 jobs, capacity (AP)

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The job cuts represent in regard to 6.5 percent of the company’s work force of 45,000.

Houston-based Continental said it command begin pulling back on flights in September, when departures on its mainline operations will drop here and there 16 percent in the regions of the dead September 2007 levels. Fourth-quarter capacity order drop 11 percent.

Shares of Continental rose 68 cents, or 4.7 percent, to $15.18 in the opening minutes of trading.

The company also said Chairman and Chief Executive Lawrence Kellner and President Jeff Smisek will not take salaries or stimulus pay despite the rest of the year.

Last year, Kellner got a hire of $712,500 and total compensation that the company valued at intimately $6 the great body of the people, into a denser consistence 9.3 percent from the year before, according to an Associated Press analysis of a company filing with the Securities and Exchange Commission.

However, all over one-third of Kellner’s compensation was in stock and choice grants that are at present worth far less amount than they were when granted in February 2007 because of the slump in the company’s house. In a filing Wednesday, the social meeting said 2008 salaries would be $296,875 for Kellner and $240,000 for Smisek.

Continental becomes the latest airline to make major cuts as the carriers try to cope with record high fuel prices, which have intimately doubled in the past year and pushed Continental to a loss of $80 million in the first quarter.

In a statement, the company aforesaid it plans to offer details on flying and destination reductions and eliminations by the agency of the end of next week.

Fewer flights will in addition mean fewer planes. By the end of the second quarter, Continental devise operate 375 mainline aircraft and it plans to mothball 67 planes through 2009. It has already pulled six planes this year.

The company said that distinct go increases have not been enough to offset the rising cost of fuel. Continental estimates it will spend $2.3 billion more this year than last — a difference of $50,000 per employee. Fuel has surpassed labor as Continental’s biggest expense.

“These actions are among many steps Continental is taking to reply to record-high fuel prices while the industry faces its worst crisis since 9/11,” the house uttered in a statement.

In a memo to employees, Kellner and Smisek said at current combustibles prices Continental is losing money upon the body “a comprehensive number of our flights.” As fares rise, fewer customers will fly, and “we will need fewer employees to operate the airline,” they wrote.

The executives said they expect most of the job cuts will exist handled through voluntary buyouts to limit layoffs. They said they didn’t delineate to cut wages or benefits, including 2 percent raises in July, during the term of remaining employees. And they left unreserved the possibility of more job cuts.

Many analysts consider Continental to be the healthiest of the six self-conceited netting carriers, excluding low-fare Southwest Airlines Co. But that did not have effect it immune to cuts.

“If they did not do it they would be unaccountable,” uttered Ray Neidl, some analyst with Calyon Securities.

“At current fuel prices, the old economics answer the purpose not work. Ticket prices have to rise dramatically, and the only way that can be achieved is by sharply reducing amplitude,” he said. “The whole industry has to show this discipline or some big airline will have to go out of business.”

Continental becomes the latest airline to make sharp cutbacks.

On Wednesday, UAL Corp.’s United Airlines, the nation’s No. 2 carrier, announced it would cut up to 1,100 more jobs, ground 70 airplanes and drop its coach-only service, named Ted. Two weeks ago, AMR Corp.’s American Airlines, the nation’s largest airline, said it would cut capacity 11 percent to 12 percent in the pattern of the peak summer travel season and probably drive out thousands of jobs, though it hasn’t given a figure.

Some analysts be obliged called on U.S. carriers to shrink around 20 percent to cut spending on fuel and labor. Industry executives say that would also drive up fares as passengers compete for fewer seats in the air. It could also mean the reduction or elimination of service to some smaller airports.

Continental was in advanced talks to combine through United, which would have created the world’s largest airline. But Continental walked away from the deal in April to the degree that oil prices soared and the industry’s outlook slumped. New York contributed to this report.

Former Air Force exec to be named as service chief

WASHINGTON Defense Secretary Robert Gates is likely to recommend to President Bush that he nominate a former Air Force executive, Michael B. Donley, to the service’s top civilian post, a senior defense official said Friday.

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Donley, who was acting scribe of the Air Force for seven months in 1993 and served as the service’s top financial officer from 1989 to 1993, would replace Michael Wynne, who was fired by Gates on Thursday along through the Air Force’s chief uniformed officer, Gen. Michael Moseley.

The senior defense official spoke attached condition of anonymity because Gates has not yet made a official recommendation to Bush.

Donley currently is the Pentagon’s director of administration and management.

He has held a variety of strategy and policy positions in government, including a stint adhering the National Security Council from 1984 to 1989. Before that he was a member of the Senate Armed Services Committee staff. He served in the Army from 1972 to 1975. He earned bachelors and masters degrees from the University of Southern California.

Gates announced on Thursday that he was replacing the Air Force’s top leadership, saying a shakeup was required to make sure that the service meliorate its standards and performance in safeguarding its nuclear weapons and the sensitive components associated with the strategic arsenal.

Gates said his settlement was based mainly on the damning conclusions of an internal declare that detailed the incorrect shipment to Taiwan of four Air Force electrical fuses for ballistic missile warheads. And he linked the underlying causes of that slip-up to another startling incident: the flying latest August of a B-52 bomber that was mistakenly armed by six nuclear-tipped cruise missiles.

The recite drew the stunning upshot that the Air Force’s nuclear standards have been in a long decline, a “point in dispute that has been identified but not effectively addressed for very a decade.”

Gates said an internal investigation found a common theme in the B-52 and Taiwan incidents: “a decline in the Air Force’s nuclear mission focus and performance” and a failure by Air Force leaders to suit effectively.

To reinforce his intimation that the Air Force must apply more rigor to its responsibilities with nuclear arms, Gates plans to visit at least two Air Force bases next week, according to his rush secretary, Geoff Morrell.

Morrell said Gates is scheduled to visit Langley Air Force Base, Va., which is headquarters on this account that Air Combat Command, as well considered in the state of Peterson Air Force Base, Colo., which is headquarters against Air Force Space Command.

Obama clinches historic victory over Clinton (AFP)

ST PAUL, Minnesota (AFP) - Barack Obama captured the Democratic White House nomination and became the first black aspirant atop a major-party ticket after a giant-slaying win over Hillary Clinton.

India’s Business Schools Need an Upgrade

A avocation group cogitate finds that most MBA programs need better faculty, texts, and certification

by Alison Damast

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Business education is booming in India, on the other hand the bulk of rank-and-file programs in the country suffer from outdated textbooks, professors who don’t keep up with economic trends, and narrow curriculums, according to a recently released report by dint of. an Indian traffic group.

The Business Barometer reflection was issued last month by the the Associated Chambers of Commerce & Industry of India (Assocham), the inhabitants’s leading chamber of commerce organization. It found that over the top 30 institutions, most business teach professors and lecturers in India’s business schools are ignorant of the cosmos’s major economic trends and key developments, such as the subprime crisis in the U.S. Few be read office publications.

The reflection’s inventor, Jyoti Bhutani, called the findings "shocking," adding that Indian businesses are finding it difficult to prepare top-quality graduates. She said there is "a very large gap" between the pay packages offered to grads of top Indian business schools (BusinessWeek.com, 4/13/08) and those provided to grads of the lesser institutions.

Faculty Not Up to Par

The survey was done to assess the faculty’s grasp on practical subject matter and general economic awareness at India’s various MBA schools. The business seminary market in India has exploded in the past few years, through more than 1,600 business schools offering undergraduate commerce and MBA programs (BusinessWeek.com, 9/13/05). But their academic standards remain uneven: No unmixed, voluntary regulator oversees the universities and colleges. As a result, the quality of many faculty members falls short, leaving students through a degree that is "devoid of any real value," said Bhutani, assistant director of Assocham’s research bureau.

"While the top B-schools of India are increasingly getting recognized internationally, the remaining thousands of management institutes in the country have dismal standards of faculty," Bhutani said via e-mail.

The study found that only 6% of the 258 faculty members she surveyed read at all pursuit gazette on a regular basis, with steady readership of business magazines "negligible." As a result, teachers are often ignorant of elucidation economic developments in India and the world. For example, 89% of the teachers did not know what India’s gross domestic product growth rate was in 2006-07. Almost 92% weren’t aware that the country’s foreign exchange reserves have surpassed $300 billion. The study raise that 91% of lecturers education a Business Environment class called did not know in what manner to read financial documents, and 90% did not know that the U.S. might exist in recession.

Additionally, in the greatest degree of the case studies or examples discussed in class are outdated because the library books used through lecturers are old. Many of the books are written by dint of. authors outside India, and teachers appliance case studies that be wanting Indian content.

A Patchwork of Certifying Agencies

"As the teachers themselves are ill-informed, even the students remain unaware of real-world developments," Bhutani said. "It has a direct bearing on the employability of the students."

Adding to the problem is a patchwork of more than a dozen accreditation agencies in India. The National Knowledge Commission, which serves in the same manner with an advisory group to India’s Prime Minister, criticized existing Indian regulators and accreditation bodies in a 2006 report.

"There are separate instances where one engineering association or a business exercise is approved, promptly, in a small house of a primate suburb without the needful teachers, infrastructure, or facilities, but established universities experience difficulties in obtaining similar approvals," the commission wrote in the report.

M.S. Shyamsundar, delegate adviser for the government-run National Assessment & Accreditation Council, said his agency had accredited about 15 business schools, all of which adhered to his agency’s strict criteria and guidelines. He acknowledged that the academic quality of business schools varies widely throughout the country. "I think we have diverging shades of quality institutions, ranging from very mediocre to very good," Shyamsundar aforesaid in a telephone interview.

Accreditation Must Be Improved

He said he hopes more business schools will come forward for accreditation in the next few years, a small space that will go a long way to improve the reputation of these management institutions. "Quality is one of the pressing concerns," he said. "This is why we are asking them to come forward for accreditation. Once they do this, the schools can know their strengths and weaknesses."

John Fernandes, president of the U.S.-based Association to Advance Collegiate Schools of Business International (AACSB), said his agency is working with four or five of the utmost height Indian calling schools that are seeking AACSB accreditation. Most are members of the "elite" commerce school cadre in India, known as India Institute of Managements. None of the highest place Indian profession schools has accreditation from AACSB, one of the leading business school accrediting agencies.

Setting a high standard in opposition to Indian pursuit schools by dint of. satisfying a quality accrediting agency is an prominent step for Indian business schools, said Assocham’s Bhutani. An improved accreditation performance would have a ruffling effect on all Indian transaction schools, he continued, forcing them to improve the quality of teachers, materials, and professional exhibition.

Marine after not guilty verdict: ‘It was surreal’ (AP)

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For more than two years, 1st Lt. Andrew Grayson had been under suspicion, accused of ordering the murder of evidence in the biggest U.S. felonious case involving Iraqi deaths to come out of the war.

“I didn’t really convinced it was going to end until they said not wrong,” Grayson said in his first public comments following the sentence. “The case was so volatile, you didn’t be aware of which way it was going to go.”

Grayson had continually maintained his innocence. On Wednesday, a military jury agreed with him.

Cheers erupted in the manner that the jury found him not guilty of ordering a sergeant to delete photographs of the bodies from a digital camera and laptop computer.

The judge, Maj. Brian E. Kasprzyk, admonished the courtroom, telling them: “There will be no more of that.”

It was a reflection of the contentious nature of a case that saw Grayson painted by prosecutors as a liar who hindered an investigation. His attorneys said he was a fall guy for a botched investigation.

Grayson was the at the outset of three Marines to be court-martialed in connection by killings of men, women and children on Nov. 19, 2005, in Haditha.

He was not present at the killings that occurred after a roadside bomb struck a convoy, killing a Marine and wounding two others.

Investigators predicate that after the bombing, Staff Sgt. Frank Wuterich and a squad member shot five men by a car at the spectacle. Wuterich then allegedly ordered his men into several houses, where they cleared rooms by grenades and gunfire, killing more Iraqis in the process.

Four enlisted Marines initially were charged with murder and four officers were charged by frailty to investigate the deaths. Charges were dropped against five of the Marines.

Grayson, of Springboro, Ohio, was ground not guilty of two counts of make false official statements, two counts of trying to fraudulently separate from service, and some consider of attempt to deceive by formation false statements. He would accept faced up to 20 years in prison if convicted attached all counts.

Grayson’s counsellor, Joseph Casas, said he believed the finding would influence pending prosecutions.

“I think it sets the tone for the overall whirlwind Haditha has been. It’s been a botched investigation from the get-go,” he uttered. “I believe in the end altogether of the so-called Haditha Marines who still regard to face trial will subsist exonerated.”

Prosecutors said Grayson, whose piece of work was to analyze intelligence, ordered the photos deleted in an attempt to countenance the Marines.

But outside the courtroom, Grayson declared the charges appear to be the result of a misconception. He has always maintained he was following Marine Corps policy that prohibits the keeping of pictures on personal computers of Iraqi bodies.

Grayson fought outer part tears as he described the months leading up the trial.

He said he first found out he was under suspicion when he got a call from his commander months after the killings. A short spell later, he was read the charges.

“It was surreal,” he said. “You can’t quite make no doubt of you are hearing all this.”

Grayson’s life was thrown into turmoil. He was barred from leaving the Marine Corps till the case was adjudicated. He had been scheduled to get out in June 2007.

Grayson said soon on in the case he refused a deal that would have reduced charges and kept him out of prison.

“I was the one that had to look at myself in the mirror. To deduce the easy way outright, you are the one that has to live with that,” he said.

During the darkest moments of the case, he said he leaned on his wife. The couple married in the middle of the investigation and gave up a honeymoon.

His wife, Susan, cried as she said what she had only dared to judge about conducive to months: “It’s over.”

Prosecutors did not make themselves available in quest of comment.

Still to face court-martial are Wuterich, of Meriden, Conn., whose charges include voluntary manslaughter, and Lt. Col. Jeffrey Chessani, of Rangely, Colo., who has been charged with dereliction of duty and violation of a lawful order on allegations he mishandled the aftermath of the killings.

Wuterich pleaded not guilty. Chessani has said he didn’t bid a methodical scrutiny because he believed the deaths resulted from lawful combat. He has not entered a plea inasmuch as in the soldierly system that is not usually done until motions hearings are completed and a court-martial is about to start.

Why Failures Can Be Such Success Stories

Many great office leaders have faced failure at some point in their careers. Psychology experts say they parcel out a learnable trait called self-efficacy

by Douglas MacMillan

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To err is human. But to persevere is a feat that often separates the successful from the mediocre.

In business—as in sports, politics, and the arts—many of the greatest and most influential leaders share a history of failure. Automaker Henry Ford and animator Walt Disney one in the same proportion that well as the other stumbled badly with early occupation ventures. Early in his race with General Electric (GE), Jack Welch caused an explosion that blew the roof off a building. Not long after taking Apple Computer (AAPL) public, founder Steve Jobs was ousted by means of the very workman he recruited to lead the crew.

Psychologists say it’s not simply the fact that these people learned from mistakes that led to conditional success. It’s besides the resilience they displayed in acquisition past those potholes. Failure can exist "informative rather than demoralizing. It tells you what you may need to do to make it," says Albert Bandura, the Stanford psychology professor who in the 1970s pioneered the convivial cognitive postulate of self-efficacy—an inner belief in one’s ability to succeed.

While self-efficacy is akin to other aspects of positive thinking such as self-confidence and self-esteem, it relates in particular to self-assurance in all parts of being able to go beyond at a particular task rather than to a person’s overall self-image. When failure strikes, people by high self-efficacy acquire information from their errors and animate their resolve to succeed.

Observing Resilience

Over the past three decades, Bandura’s concept has been applied to numerous fields as varied of the same kind with training, smoking cessation, and sports coaching. And in the late 1980s, Bandura and Robert Wood of the Australian Graduate School of Management conducted a study that identified self-efficacy as a powerful predominance in the performance of business executives. What’s greater degree of, they found that "managerial force" was any acquirable trait.

Working with students from top graduate business schools, Bandura and Wood told half of them they’d be measured without ceasing their inherent abilities to manage a simulated organization. The rest were told they’d be measured on their ability to adapt and acquire the skills necessary to succeed in the computerized simulation. The students were asked to assign tasks to a roster of personnel as efficiently as potential to meet completion goals. The researchers set these goals almost impossibly high to observe how resilient to adversity the students were.

The issue was striking. Those who believed they were open to adapt and improve, says Bandura, "remained remarkably resilient in their managerial efficacy. They held the organization to profoundly aspirations. Their analytical thinking was highly regular. And they maintained high levels of organizational productivity." By contrast, the students who believed their inherent skills were actuality levy to the test were easily rattled. Their decision-making became erratic as soon as they encountered difficulties, and they gave up without interruption high aspirations for their organizations. "The message here is the importance of people’s beliefs in their efficacy to sustain them under complex performance demands," says Bandura. Revealing, too, was the seeming fragility of managerial confidence: Just as it be possible to be learned, it can be easily bewildered.

"Confidence has always been considered important among employment leaders," says Edwin Locke, Dean’s Professor (Emeritus) of Leadership and Motivation at University of Maryland’s R.H. Smith School of Business and author of The Prime Movers: Traits of the Great Wealth Creators (AMACOM, 2000). Locke says some of the greatest in number extremely self-efficacious figures in annals were entrepreneurs, pointing to Frank Woolworth of Woolworth’s, Ray Kroc of McDonald’s (MCD), and Fred Smith of FedEx (FDX) as examples. But another trait these leaders share is optimism tempered by realism. "It’s important to get useful honest feedback, to keep your efficacy tied to truth," he says.

Sudan says Uganda rebels kill troops, start “war” (Reuters)

JUBA, Sudan (Reuters) - Ugandan rebels have killed 23 people including 14 south Sudanese soldiers and "started war," a south Sudanese divine said on Saturday.