Showing posts with label Strategy. Show all posts
Showing posts with label Strategy. 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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Monday, December 21, 2009

He trains India's poorest students for the IIT

From Rediff.com: Read full article here. His father, a post office clerk in Bihar, couldn't afford private schooling for his children. So, Anand Kumar studied at a Hindi medium government school where, at an early age, he fell in love with mathematics. During graduation, he submitted papers on Numbers Theory that were published in UK's Mathematical Spectrum and The Mathematical Gazette.... (Read full article here.)


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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 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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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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Monday, November 2, 2009

Sunday, November 1, 2009

Entrepreneurship gains ground as a career choice on campuses

Campus incubation centers are filling a vital gap but must offer the right mix of seed money and mentorship.

Click here to view full story





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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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Monday, July 27, 2009

Andy Bruce - The Golden Rules of Innovation

Full Article Here

Brief: Like any other core business process there are some 'rules' of innovation management which will maximise the probability of success. These come under what we call "The 6 Ps":

PLANNING - Innovation must be linked to strategy
  • Successful leaders link core business processes to their strategic goals and annual business planning targets, and innovation is no exception. Use a product-market matrix to clarify the extent and direction of your innovation. Without a strategic direction you run the risk of coming up with innovations that run counter to your businesses best interests! (Read more..)




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