Wayne Huizenga has a long history as both a businessman and a philanthropist. He is the namesake of Huizenga Plaza in Fort Lauderdale, Florida, which includes a 150-seat amphitheater. The businessman is survived by his wife, Pam, children Scott and Ray, and 11 grandchildren. He will be buried at Fort Lauderdale's Evergreen Cemetery. The cemetery contains his mausoleum.
Businessman
Harry Wayne Huizenga was a very successful businessman. He founded AutoNation and Waste Management Inc. Blockbuster Video was also his business, as well the Miami Dolphins in the National Football League. He is known for being among the wealthiest people in the world. AutoNation, which he co-founded, was worth almost $7 billion at the time of a his death. He is remembered for creating the modern-day business model.
Huizenga's impressive accomplishments aside, he has been headlined for the wrong reasons. Several recent investigations have uncovered his ties to organized crime and other criminal activities. The Miami Times reported that Huizenga had been convicted of assaulting a potential salesperson. Huizenga has been accused of illegally contributing to political campaigns and disobeying environmental laws. Huizenga is facing many allegations, but it remains to see if he is innocent of all.
Philanthropist
Broward County native and businessman, he is a philanthropist. Many organizations have been benefited by his philanthropy. He is the founder of Nova Southeastern University's Huizenga Sales Institute. He also has numerous awards. In fact, seven times he was named the "Entrepreneur in the Year" by different business groups. In 1995, he was named "Entrepreneur of the Year" by Success Magazine. Financial World Magazine has awarded him five times the title of "CEO" of the Year. He was named Georgetown University’s Business Leader of the year in 1993. His achievements have been recognized with the Horatio Alger Award and the Gordon Grand Fellow Award.
Huizenga's charitable work has made Broward County more pleasant. Huizenga was active in many organizations, such as the American Cancer Society and Boys & Girls Clubs of Broward County. He supported many educational institutions, including Nova Southeastern University, the Horatio Alger Association, and other nonprofits.
Former owner of professional teams in sports
In recent years, investing in professional sports franchises has been a popular trend among tech entrepreneurs. Tech giants have purchased many of the top teams in the world. These companies have made millions. In addition to these corporations, you can also find small-time sports investors who are looking to get into the game. These investors seek ways to get in on a ground-floor level, while others seek ways to make large sums.
Joshua Harris is a cofounder of Apollo Global Management. He owns the New Jersey Devils as well as the Philadelphia 76ers and Crystal Palace F.C. In the Premier League. Other notable owners include Stanley Kroenke, who owns eight professional sports teams. In addition to these prominent businesspeople, some of the most popular sports franchises are owned by individuals. Some entrepreneurs have been able to purchase multiple teams to build their empire.
FAQ
What is the meaning of "project management?"
Management is the act of managing activities in order to complete a project.
We help you define the scope of your project, identify the requirements, prepare the budget, organize the team, plan the work, monitor progress and evaluate the results before closing down the project.
What is Six Sigma?
It's a strategy for quality improvement that emphasizes customer care and continuous learning. The goal is to eradicate defects through statistical techniques.
Six Sigma was developed at Motorola in 1986 as part of its efforts to improve manufacturing processes.
This idea quickly spread throughout the industry. Today, many organizations use six sigma methods for product design, production and delivery.
What is a management tool to help with decision-making?
A decision matrix can be a simple, but effective tool to assist managers in making decisions. It helps them think systematically about all the options available to them.
A decision matrix can be used to show alternative options as rows or columns. This allows you to easily see how each choice affects others.
In this example, there are four possible options represented by boxes on the left-hand side of the matrix. Each box represents an option. The top row shows the status quo (the current situation), and the bottom row shows what would happen if nothing was done at all.
The effect of selecting Option 1 is shown in the middle column. It would translate into an increase in sales from $2million to $3million.
The following columns illustrate the impact of Options 2 and 3. These are positive changes - they increase sales by $1 million and $500 thousand respectively. However, these also involve negative consequences. Option 2, for example, increases the cost by $100 000 while Option 3 decreases profits by $200 000.
The final column shows results of choosing Option 4. This results in a decrease of sales by $1,000,000
The best thing about using a decision matrix is that you don't need to remember which numbers go where. You can just glance at the cells and see immediately if one given choice is better.
The matrix already does all the work. Simply compare the numbers within the cells.
Here's an example of how you might use a decision matrix in your business.
You need to decide whether to invest in advertising. You'll be able increase your monthly revenue by $5000 if you do. However, this will mean that you'll have additional expenses of $10,000.
Look at the cell immediately below the one that states "Advertising" to calculate the net investment in advertising. It's $15,000. Advertising is a worthwhile investment because it has a higher return than the costs.
How to manage employees effectively?
Effectively managing employees requires that you ensure their happiness and productivity.
This includes setting clear expectations for their behavior and tracking their performance.
Managers need clear goals to be able to accomplish this.
They should communicate clearly with employees. They must communicate clearly with staff members.
They must also keep track of the activities of their team. These include:
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What was achieved?
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How much work was put in?
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Who did it?
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It was done!
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Why was it done?
This information is useful for monitoring performance and evaluating the results.
How can we make our company culture successful?
Successful company culture is one where people feel valued and respected.
It's built on three fundamental principles:
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Everybody has something to offer.
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People are treated fairly
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People and groups should respect each other.
These values reflect in how people behave. For example, they will treat others with courtesy and consideration.
They will listen to other people's opinions respectfully.
They encourage others to express their feelings and ideas.
In addition, the company culture encourages open communication and collaboration.
People can freely express their opinions without fear or reprisal.
They are aware that mistakes can be accepted if they are treated honestly.
The company culture promotes honesty, integrity, and fairness.
Everyone is aware that truth must be told.
Everyone understands that there are rules and regulations which apply to them.
And no one expects special treatment or favors.
What are some of the common mistakes made by managers?
Sometimes managers make their job harder than they need to.
They may not delegate enough responsibilities to staff and fail to give them adequate support.
A majority of managers lack the communication skills needed to motivate their team and lead them.
Some managers set unrealistic expectations for their staff.
Managers may prefer to solve every problem for themselves than to delegate responsibility.
Statistics
- Hire the top business lawyers and save up to 60% on legal fees (upcounsel.com)
- The profession is expected to grow 7% by 2028, a bit faster than the national average. (wgu.edu)
- The BLS says that financial services jobs like banking are expected to grow 4% by 2030, about as fast as the national average. (wgu.edu)
- Our program is 100% engineered for your success. (online.uc.edu)
- Your choice in Step 5 may very likely be the same or similar to the alternative you placed at the top of your list at the end of Step 4. (umassd.edu)
External Links
How To
How does Lean Manufacturing work?
Lean Manufacturing uses structured methods to reduce waste, increase efficiency and reduce waste. They were created in Japan by Toyota Motor Corporation during the 1980s. The aim was to produce better quality products at lower costs. Lean manufacturing focuses on eliminating unnecessary steps and activities from the production process. It includes five main elements: pull systems (continuous improvement), continuous improvement (just-in-time), kaizen (5S), and continuous change (continuous changes). Pull systems allow customers to get exactly what they want without having to do extra work. Continuous improvement involves constantly improving upon existing processes. Just-in–time refers when components or materials are delivered immediately to their intended destination. Kaizen means continuous improvement, which is achieved by implementing small changes continuously. Finally, 5S stands for sort, set in order, shine, standardize, and sustain. These five elements can be combined to achieve the best possible results.
Lean Production System
Six key concepts underlie the lean production system.
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Flow is about moving material and information as near as customers can.
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Value stream mapping is the ability to divide a process into smaller tasks, and then create a flowchart that shows the entire process.
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Five S's – Sort, Put In Order Shine, Standardize and Sustain
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Kanban is a visual system that uses visual cues like stickers, colored tape or stickers to keep track and monitor inventory.
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Theory of constraints - identify bottlenecks in the process and eliminate them using lean tools like kanban boards;
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Just-in-time delivery - Deliver components and materials right to your point of use.
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Continuous improvement is making incremental improvements to your process, rather than trying to overhaul it all at once.