Showing posts with label Management. Show all posts
Showing posts with label Management. Show all posts

Sunday, January 31, 2010

The ten new management gurus to know

Here is a set of ten new gurus for management lessons of the time: With Web 2.0, social networking, enterpreneurship on newer heights - we have some new lessons. These lessons tell us if a charismatic CEO is enough to make a company successful or about new global regulatory frameworks.

The names are: Fogg | Lencioni | Khurana | Casey | Sull | Podolny | Roubini | Benyus | Ariely | Canner

Click here for full story.




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Friday, January 15, 2010

Being Yourself

From a previous blog of mine
Going in the right path, when all around yourself are free to do whatever the hell they want to do, is a bit difficult but not impossible. We know we have to keep pace with this world but it does not mean that we are supposed to change the values that we have. If we are convinced of our values, they should be given the first preference while deciding on the factor of changing oneself to suit the world.

Changing without losing your own distinct identity is the key to a successful change. Keeping pace with the world, while folowing our own ideals is an art. One of the first things in this direction is to be positively assertive. Don't take anyone's opinion or remark too seriously. Secondly, identify, upto a certain extent, what your core values are. Is honesty a part of your character or you are a person who fits the situation? Or are you a totally dishonest person? Is taking risk your nature or you are always one who'd prefer a safer path. Identify who you are and what are your best qualities. Do not compare with others. It may be that you are best at doing house work. But the friend near you who is too popular in your workplace is some one different: think twice before emulating her blindly. Be yourself. And for that you have to know what are your best qualities. One of my friends is best in keeping quiet and that helps her in her life.

Continuous progress is an untold things that we always want. I said progress. Not change.

Let us believe that continous change is mandatory. You cannot stop it. But continous progress is what is under our control.

Progress continously. Follow your own values.

This world is a very funny place. You cannot ever say for sure what the world wants. But it is an easier task to decide what you want. Focus on few things at a time. (You may wish for hundreds of things!)

The following is a quote I had seen long back - repeating it - it is by Ralph Ellison, "Battle Royal"

 All  my life I had been looking for something, and everywhere I turned someone tried to tell me what it was. I accepted their answers too, though they were often in contradiction and even self-contradictory. I was naïve. I was looking for myself and asking everyone except myself questions which I, and only I, could answer. It took me a long time and much painful boomeranging of my expectations to achieve a realization everyone else appears to have been born with: that I am nobody but myself.




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Sunday, November 29, 2009

Ethics and leadership - a personal event to recall

While being a student's leader during graduation, I discovered a racket that conducted free blood donation camps and then illegally sold the units collected. On the one hand, I found them saving lives and on the other hand, a cancerous culture of bribing, fraud and illegal trafficking of medical blood-units was thriving. Ethics was getting murdered, though lives were being saved selectively (by those who had money). I decided to campaign against this racket. At times I got life-threats and even faced the ire of needy patients (who could give anything for a few units of life-saving blood). Taking support from the ADM (Additional District Magistrate), plus the Rourkela chapter of the Red-Cross Society and fellow students, we could counter hordes of unofficial agents who illegally traded blood-units.

The integrity of a professional reflects in his daily work. Although this was just one incident of many that I have faced, the nature of lessons learned are applicable everywhere. Today, I have conducted numerous camps for eye-care, met numerous influential people who trade favor with values and once, I have had to decide between hiring a meritorious candidate vis-a-vis a less apt one but relative of my boss.

In life, we will continue facing similar ethics (or the lack of it!). But when we look at the bigger picture, we always can understand the right direction to go, even if it is seemingly difficult or temporarily unpopular. I believe that if we are determined and courageous to go ahead with the better path, any hurdle (be it government machinery, public misunderstanding or personal loss) can be constructively overcome.




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Friday, November 27, 2009

Supervising the Board

What is the best way to advise the advisory - probably a board that controls another board? See how this system is a new model to discuss and adapted. Indonesian business culture is already one with this arrangement. Indonesia’s two-tier board system works well and could be a model for other countries.

Quoting Tanri Abeng of PT Telekomunikasi:

“The board of commissioners cannot just say, ‘I’m non-executive, so I’m going to play golf.”

What are the pros and cons of a two-board system? Does it handle the issues raised by a single board system? Is it a good idea to ward-off (or nullify a bit) board politics?

Read here for more on this.


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Friday, November 20, 2009

Tuesday, November 17, 2009

Turning the underprivileged into successful entrepreneurs!

Rediff.com: An effort inspired by the Prince of Wales, by Lakshmi Venktaraman Venkatesan, founding trustee and executive vice president of Bharatiya Yuva Shakti Trust, is the daughter of former President of India, the late R Venkataraman. The idea behind Bharatiya Yuva Shakti Trust (BYST) is (Read more..)


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Friday, November 6, 2009

Corp Morality!

Did you read the text of the MBA oath being taken some months back (and even now..)? Something similar to the oath being taken by medical professionals.. Well, there is this surge of morality even in boardrooms and courts. (There was this judge getting down from the bench deciding the Ambani's case - because his daughter was legal advisor for another Ambani firm.) How much of it is cosmetic or real is something that varies from case to case - but the way it is being put forth in media is something appreciable. With Tata Tea doing a campaign on anti-corruption drives, and with Google being branded as the best place on earth to work ('Don't be evil!' is their motto) - life looks cleaner? Corporates forgot profit maximization? Corporate good or an illusion of public relation? One company recently donated a day's salary of all its employees to the Karnataka Government for relief work in floods - but no individual employee got the associated tax benefits from the company. Reason - the company was building a good relation with the labor ministry of the state and got incentives at the company level - with its employees' salary money - and no employee is directly involved! What do you say - good? Bad? Depends? Of course, this is a positive environment being built (or rebuilt?) and it will have its associated issues of implementation - but better few than none and better late than never! I am sure that the impact made in B-school blackboards and corporate boardrooms is going to be big. Recession corrections or just another passing fad?




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Mickey Mouse in IIMA

Mickey Mouse sneaked its way into the Louis Kahn Plaza causing a flutter on the Indian Institute of Management-Ahmedabad (IIM-A) campus which is recovering from the jolt of the global meltdown. For the first time Walt Disney picked interns from Asia’s best B-school for ... (read the full story here) [IIMA has retained the topmost rank amongst India's B-schools: Read here.]




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Thursday, November 5, 2009

Decision Process Vs Decision Outcome

http://StrategicFraming.com Roch Paryre, Ph.D. describes the challenge of rewarding decision process instead of decision outcome. Excerpt from a 2008 talk on strategic thinking and decision making.





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Thursday, September 24, 2009

Reasons Why Change Fails

This is a 2007 article from 'Be Excellent ® ' blog. Link for the original article: here. I suggest you visit the 'Be Excellent® - The Official Six Disciplines® Blog', and see some superb articles on strategy.

Quoting the 'Be Excellent ® ' blog:

Reasons Why Change Fails

It isn't inadequate processes, strategy or technology that lead so many organizational change programs to run into the sand.


The main reasons for failed change are all about people. 

Management-Issues reports that a study from Deloitte Consulting suggests that change programs need to tackle issues in an integrated and focused way and, in particular, look at the people issues facing the business before, during and after the program.

The research has come as a conference of 165 HR directors organized by PricewaterhouseCoopers has separately predicted that a growing focus on people issues means there will be a chief of human resources on the board of most organizations by 2015.

According to the research, there are eight key people-related areas companies need to be addressing:

  1. People risk and impact management
  2. Leadership alignment and stakeholder engagement
  3. Communications
  4. Culture
  5. Organizational design and governance
  6. Talent requirements and HR programs
  7. Workforce transition
  8. Learning and capability transfer
BOTTOMLINE: "Companies don't transform themselves just for fun, but to stay competitive, innovative, and operationally effective."






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Wednesday, August 26, 2009

BS - Indian Slums - a Research

Unlike the general impression, slums in major Indian cities not only represent complex political and social issues, but also generate a lot of local economic activities, a latest research by the prestigious Stanford Graduate School of Business has said.

"Indian slums are incredibly productive.. (Read Full Article on Business Standard).






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Wednesday, August 5, 2009

Seth Godin - The bandwidth-sync correlation

Link to Article: Click here. Read on to have a cool analysis of the ways we handle information in our heads(?!). A pic from Seth's post (linked to his post):




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Sharpening some tools?!

Now this is 'also' a good way to look at things that happened in my German and Japanese language courses. My mind went through a series of experiences that we undergo as kids, but never notice. The experiences made me renew my methods of memorizing, practicing, implementing (in short, naturalizing) the process of learning something new. It also helped my brain to correlate seemingly unconnected events that helped me in the process of learning. The differences between Japanese and German are wide in terms of the way of communication, the mannerism used, the characters and pronunciations, and the business etiquette.



It was not a new experience to learn a new language in both cases, given the kind of experiences I have with languages in India. I speak with my wife (my significant half!) using Marathi and Hindi, with my parents in Oriya and English, and with friends in Bengali (Score - 3/5), Bahasa (Indonesian; am very weak in this though!), and with taxi folks using Kannada, Tamil, and/or Telugu (In Telugu, I know expletives, 'How are you' with related conversations, and 'I Love You!')!! Apart from this, at office, I have a team white-board called 'Words of the Day' which I maintain in Japanese and German - this was after an in-house inter-cultural training.

In all this, the point I want to say is that it creates a state of mind that allows encryption/decryption abilities to be honed. It helps improve your emotion-switching skills (which is really important in daily business communication) and also helps you increase your failure/success-handling abilities (think, how!?). It makes you look at fellows in a totally different way (remember, I said 'different'). My ears/eyes/hands and mind got together once more - probably, in this fast world, we really forget to sharpen our basic skills. This was the way I used a seemingly boring matter (for an adult) learning newer languages into something that will help me sharpen my learning speed.

The world is beautiful with (human) emotions. Even animals have emotions (think about babies too!). And I feel excited to know some stuff in sign-language as well (I love spending time with special kids.)

[See a wiki stuff on 'How to learn a new language' Disclaimer! - Don't think I agree to everything on that - everyone is unique in their disability in learning!! ]


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Sunday, August 2, 2009

Mind and Management

There have been a number of times at which I have explained a lot about how the human mind works and how things can be handled better when we are more aware of the dynamics of the world. I am not going to really start explaining scientific theories about the relations between mind and management, but general observations around us are enough for us to realize how we are entangled by this.

If you know more about the mind, it helps. It is like, in India, if you know English better, you can be a better doctor (disclaimer - not universally true but you got the point, didn't you!?) Will get back with some more points after explaining some facts on this topic to my 'significant half'!

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Friday, June 5, 2009

Alternative Startup Financing Schemes - Freeman Murray

I’ve seen a number of posts lately discussing the ‘changing face of venture capital’. Paul Graham talks about the change in dynamics caused by the low capital requirements of technology startups. Fred Wilson discusses the need for a market for privately held common stock. There seems to be a general consensus about the growing role angels play in the startup ecosystem, and sadly there also seems to be a general consensus indicating that angels should basically write off their investments the moment they make them.

This last point rings true for me. Before coming to India I made a number of investments in tech companies. During my chapter... [Read full article]


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Tuesday, May 26, 2009

Ford Motor Company - 1902 Business Plan

Larry Winget - Who pays your salary


Larry Winget - Who pays your salary. Used with permission. Google Videos.




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Naveen Pattnaik: Orissa Polls 2009

If you want to know more about Orissa, click here. Thanks to OrissaLinks: Chitta Baral

Jay Panda writes about the secret behind Naveen’s success


Following are some excerpts from that article:

The fact is that there is no secret formula.  There is, instead, a clean slate, commonsensical approach to politics that would sound rational to the average citizen, but often confounds hardcore politicos.  There are three key components of this new approach.  First, at the core of it, is a remarkable level of sincerity and dedication.  For a man who till the age of 50 spent lots of time in the rarefied social circles of New York, London and the south of France, Naveen Patnaik has not travelled abroad in more than a decade. And he rarely sees his personal home in Delhi either, only visiting the city a few times a year for official engagements.  This monk-like total immersion in Orissa does not go unnoticed by the public.  

The second is a deep commitment to good governance.  This goes far beyond lip service, and includes numerous instances of risky decisions.  That is, risky by the standards of conventional wisdom, but which ultimately turned out to be huge political successes.  In the early days, every time key cabinet colleagues were dismissed for corruption, or well-connected businessmen were arrested for criminal intimidation, there were widespread predictions that the government would fall because these actions were “naïve” and “impractical” and that “too many powerful forces were being taken on.”  But instead, they resulted in sharp increases in popular support. 

Gutsy decisions were taken across the board.  The inefficient and corrupt lift irrigation corporation was broken up, unsettling thousands of employees, but it was replaced with the revolutionary pani panchayat system, where lakhs of villagers took responsibility for better management of water.  Good governance was not all about taking on entrenched vested interests.   Orissa, then broke and deeply indebted, also showed an open mind in quickly adopting the Fiscal Responsibility and Budget Management (FRBM) Act and the Value Added Tax (VAT) at a time when many states were opposing them tooth and nail.   

One of the most important decisions involved taking on the government of India and the powerful mining lobby.  Despite having enormous mineral reserves, Orissa had long been shortchanged by discriminatory central government policies which yielded a pittance in royalties and encouraged downstream investments to be made elsewhere.  The state government’s new value addition policy linked the grant of mining leases to investments in the downstream processing plants.  This has led to a huge surge of investment:  more capital has flowed into Orissa in the past five years than in the previous fifty-five!  The subsequent surge in state revenues has enabled many pro-poor policies. 

The third component is diligent homework and a clinical, dispassionate, political decision-making process.   This may sound obvious to the lay person, but is still not common in political parties.  Take candidate selection, for instance.  In the absence of US-style primaries, most parties even today still choose candidates by a complex process that involves intrigue, lobbying, drama, sabotage, subterranean tests of loyalty, unverifiable caste arithmetic, and even kickbacks. That often leads to sub-optimal choices.  In Orissa, a quick glance at both BJP and Congress candidates reveal some breathtakingly unsuitable names who never stood a ghost of a chance.   

Almost from the day the BJD was formed, and perhaps because its founder was unfamiliar with politics in the beginning, the party has relied on extensive surveys, opinion polls, exit polls, etc.  These have never been devised to advertise the party’s strength, but rather to assess the ground realities and highlight weaknesses.  They have always been conducted by highly rated external agencies, but quietly and only for internal party use.  When it came to candidate selection, the strict criterion of winnability was applied to all, and no amount of lobbying or political clout made any difference. 

Expressbuzz.com has an editorial on the topic and it has some suggestion for Naveen.

Every media outlet, print and screen, has been vying to find words to express suitable praise for Naveen Patnaik, the hat-trick winner in Orissa. He has been variously described as having a magician’s touch, an uncanny ability to read the Oriya mood, someone not beholden to the usual corrupt structure, a clean practitioner of governance and much more. We, too, acknowledge his feat, especially when so many of his more experienced counterparts have been exposed as inept players of blind man’s bluff. Having done so, however, we would like to take our readers back to a small news item we had published early this month, sent by a staffer from the city of Paradip. In summary, Patnaik had laid the foundation stone for renovation of the 82 km Cuttack-Paradip state highway in July 2007, promising completion in two years (cost: Rs 125 crore). Our staffer reported that 20 per cent of the promised work has been done, and there are gaping holes on the newly laid stretch; locals say the cracks began in the first week. Officials stonewalled queries, save the project director, who admitted to irregularities and said the thing would be redone.

And our point is simple: what exactly does this say of the state of Orissa’s administration and its accountability, after a decade of Naveen-rule? Obviously, very little has changed in the basic system. We make the point not to tar Patnaik in his moment of glory, but to bring both the man and our readers to earth, in order that this state of affairs be addressed. Changing a system single-handed is difficult enough at the best of times, but we suggest the state of a road project is an excellent place to start. Road specifications and how to achieve these are standardised; flaws show up very swiftly, and responsibility is easily pinned on whoever had the contract, the overseer and the person who approved the payment. Start enforcing the rules here and make a few examples; the system will begin reforming with urgency, without any more orders. Let each road project, in Orissa and elsewhere, display the contract’s details at 100 ft intervals, with information of where to complain. And ensure only that all complaints to state bodies are promptly registered and acknowledged, whether these come in writing or on telephone. And, weekly, put these up on a website. You’ll no longer require a hero in the chief minister’s chair; citizens will take charge.

Thanks to OrissaLinks: Chitta Baral


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