Tuesday, 26 August 2014

THE ELEPHANT AND THE MYNAH

THE ELEPHANT AND THE MYNAH

A Mynah and an Elephant struck a deep friendship. One day the Elephant said: “You 
know all my life I wanted to fly. I have always dreamt of the fun it would be to fly 
over the villages and to look from the sky at the houses and people below, to glide over 
rivers and jungles. Do you think I can fly?” 
“Sure you can,” said the Mynah. Reaching back with his beak, she pulled a feather 
from her tail. “Here” she said, “take this feather and hold it firmly in your mouth. 
Then flap your big ears as hard as you can and you will fly.” 
The Elephant did as he was told. He put the feather in his mouth, flapped his ears as 
hard as he could and, lo and behold! He began to fly. Holding the feather tight in his 
mouth, he flew over the villages. He looked at the people below; he glided over rivers 
and trees. He managed to do things he had never done before, he saw things he had 
never seen in his life. 
At last, when he glided back to earth, he ran to meet his friend, guarding his feather 
carefully with his trunk. “Mynah, you have changed my whole life”, he said. “I really 
can’t thank you enough for this feather”. 
“That feather?” said the Mynah. “You didn't need it at all!. That was just a discarded 
one. I just gave you something to believe in” It was your belief and the flapping of 
your ears that did it, not the feather!”
.

Moral of the story:

 Believe yourself
Clear Goal to lead to a clear victory
Transfer of ownership to a doer to provide employee empowerment
Benchmarking Give a try as best as possible
 Never give up trying.
 Have trust and faith in yourself
 Faith moves mountains 
When we read this story and try to understand what happens, you actually realise Elephants are flying! which is absolutely absurd. What it tries to tell us that we all have tremendous potential locked in us and we need to utilise all of it achieve impossible things!

You need Faith , You need something to believe in !

Most of us often feel dejected because we don’t get opportunities. Rarely do we realize that opportunities are in plenty but we are not aware of them. They say 'opportunities come like thieves without much prior intimation'. Being aware of opportunities calls for a deliberate effort of human beings. Keeping our sense organs such as eyes and ears alert, would go a long way to overcome this lacuna of loss of opportunities.


This is a very good example which should be encouraged in all industries. It is the role of a manger to encourage his subordinates and provides a sense of fulfilment in him. A trust that he is no less than others and if he provides his 100% he can win any battle. Rather  he should be able to believe on his strength and their should be full freedom to try creativity in his tasks. Untill he takes some risk in his careerand methodology without fearing for failure he won’t be able to learn and attain new level of success. So a manger should provide employee empowerment and allow for all creative ideas. This will be beneficial for both employee as well as organisation.

Wednesday, 20 August 2014

Entrpreneur Vs Employee...



Art vs. Maths
Entrepreneurship is like art. You are never sure whether it will yield the result that you have been looking for. The ending may turn out to be quite different than the way you had planned it.
Job is like Math. First, you concentrate on getting the right education, then look out for the job that enhances your professional experience. Then you work towards getting promotions till you reach the peak of career in terms of satisfaction and capability.The path is logical, traveled many times and  like a simple math equation, parameters are few.
Certainty of pay check vs. none
Entrepreneurship is not really for people who cannot survive without pay check. The entrepreneur makes nothing for months, sometimes for years. He/She toils for what interest her than what pays immediately.
Jobs pay immediately. Within one month of taking a job, one starts getting salary in the account. It is usually fixed and certain.
Incremental vs. explosive
Entrepreneurship is difficult. But it can lead to explosive growth if worked through with patience. The explosive growth can make you rich and famous. Think Zuckerberg, Bill Gates, Steve Jobs and many others.
Jobs are logical increments over time. You start at the junior level and move on to become a senior. A few gets into higher levels. Salary increases consistently with every rise in position.
Creation vs. continuation
Entrepreneurship is about ideas, creation and developing something new, It is about solving problems in a unique way. It is about thinking out of the box. It is about targeting opportunities.
Job is often about continuation of same work and doing it in much better way. Creativity may be useful but is not necessary for survival. You need to do work on time. Organizations appreciate creativity but nurturing that it is not the priority.
Direct vs Indirect job creation
Entrepreneurs find and exploit opportunities that create thousands of jobs. They look for improvements and then utilize them to start companies that bring in more jobs.
People holding jobs indirectly create job. They take loans, buy houses ,cars. This keeps money in circulation. Businesses invest to fulfill needs of job holders often creating jobs in the process.



Wealth creation vs. being rich
Wealth is different from richness. Wealth is when you have assets that generate income for you. Rich is when you get a fat salary to spend.Entrepreneurs generate wealth in long term. They may be rich but they are more wealthy than rich.
Risk
Entrepreneurship is risky. You could lose all your money. You have to plan and move ahead.
Jobs have relatively low risks unless you are working in risky, hazardous job. Even if you lose your job, you will not lose a lot of money and often you will get similar job,maybe at lesser salary but still.
So which is better?
No one can answer but only you. It all depends on your drive, your capacity to take risk, the goals of your life. These are just a few pointers that help you decide.

Monday, 18 August 2014

How to deal with Problems!!!!!!!!

Problems, probLEMS and PROBlems


Life is full of problems, isn’t it? Be it managerial, psychological, mathematical, chemical, physical or in the form of whatever word ending in “-al”, one has to face problems and come out with solutions. Mind you, finding the problem itself is not a child’s play in the first place, but, once found, a question remains if all problems need to be solved? What I intend to mean becomes clear when we consider that whenever faced with some problem, there are just three options. First, and the most preferred option, is to eliminate the problem forever from the root. Second acceptable choice is to conquer and change the situation to your favour. And if both fail, then accept it as-is and bear with it forever. In some cases, the third option does make sense and saves a lot of time, effort and deliberation if the problem is akin to a dog’s tail.

Problem’s out there… How to solve?

Having introduced ourselves to the problem and its nature, it can be categorized as either simple or complex. Likewise, the solutions to problems could also be simple or quite complex. If we imagine a 2 x 2 matrix of problems and solutions, then the part where complex solutions solve complex problems is the most elusive and specialized in terms of competence. Although such a combination does bring out the best, the solutions cater to a chosen few. What fun in that?


Simple Problem                              (I)
                      And Simple Solution
Simple Problem                                     (II)
                      And Complex Solution
Complex Problem                          (III)                            
                          And Simple Solution
Complex Problem                                (IV)                            

                         And Complex Solution

A common phrase in everyday parlance is K.I.S.S intending to mean “Keep it Simple, Stupid!”! A popular notion or perception is that solutions to complex problems need to be complex, more on the lines of saying “More is better”. Yet, a commonly unrecognized fact remains that, on occasions, keeping things simple is the right way to go.  



In my opinion, the mark of a genius lies in solving complex problems in a simple manner, with a deft trick of sorts. Solutions which are not understandable to the masses and cannot be reproduced are of little use, especially in a managerial sense. And, they are not very attractive, to say the least, are they? On the other hand, the subtlety and guile of a simple solution or trick captivates the audience and a single piece of a puzzle is sufficient to unravel the whole mystery. If that piece is found, you have conquered the whole thing!



A simple example of a Rubik’s cube comes to mind. On the face of it, the cube presents a complex problem to be solved in terms of aligning coloured faces once scrambled. Since the scrambling is random, a host of problems can be devised. Yet, the knowledge of a generic algorithm does the trick and is enough to solve each and every problem. This is a basic tenet of Creative Problem Solving. The solution to the problem lies in a subtle step which makes the solution simple. Yet, when that step is known, the nature of the problem and the solution both get undermined. Perhaps this is the reason why the whole thing becomes trivial and the purpose or learning behind the whole process is lost.

Creative Problem Solving

If you are thinking you have heard of problem solving before and from where this “Creative” popped in, then let me enlighten you with a fact that Creative Problem Solving basically entails creating solutions to problems from scratch rather than employ already deployed ones. A problem, simple or complex, can have multiple solutions. Each solution has a niche element associated with it and when an entrepreneur taps into a particular solution, an organization is born. The Khan Academy was born out of a problem of educating kids. Hasn’t this been solved before? Yet, why has the way Khan Academy has grown in terms of popularity the way it has? It is just that the entire process of pedagogy is made simpler and more interactive. A niche way to solve a known problem and there you go, the man is a hero today!





Solutions to the problem of education have been found before yet none simpler than what Sal Khan thought of. The differentiating factor lies in the solution yet, in retrospect, couldn’t anyone have made a video at home to teach stuff and posted it in YouTube?

Being simple is complex

Seems ironical, isn’t it? Why should being simple be difficult? Most of us have heard the phrase “Common sense is uncommon in common people”. It is a wonder as to why that should be true. One reason might be that our minds are trained and oriented towards convention, towards a notion that as problems get bigger, so do the solutions. We are essentially moving just between quadrants I and IV in the matrix and somewhere down the line we missed the existence of the other two quadrants. Of course, quadrant II is not fancied at all. But, quadrant III is where the fun lies!


We all want fun to be part of our lives. So, how do we make ourselves fit in quadrant III? As they say, the first step towards solving a problem is to BEGIN. And, probably we are going wrong in the first step itself by not creating solutions but incorporating solutions learnt from someplace else. Perhaps, Edward de Bono can help us out with one of his videos here. Or perhaps what makes things complex is that we do not have an outlook, a goal to look forward to and direct our efforts towards achieving that goal.

Creativity in Organizations

The “Survival of the fittest” rule for organizations in the new age world can better be modified to be called survival of the cleverest, nippiest and the most innovative for organizations need to constantly innovate and come up with creative solutions to customer requirements posing as problems. Failure to do so can lead to obsolescence pretty soon. Not just create and innovate, an organization needs to take that step further and maintain its supremacy over time. Take the case of Motorola, for example, which invented the cell phone. Others have gone ahead and beyond with that technology now with Samsung leading from the front and Motorola has well and truly missed the bus.



And, no organization can learn to be creative in a day right? You either have that creative edge in your DNA, like Google or Apple, or hire creative people so that the organizational culture is transitioned over time. As organizations grow and prosper, problems are faced on a larger, more complex scale. And, if you have read till now, it should be aptly clear that the simpler the solution to a complex problem, the better it is! 

Charismatic Leadership...

Charismatic Leadership
In the following, I would like to talk about two very different leaders and provide an in-depth analysis of how each leader used charisma to lead their respective countries.  Emphasis is also placed on where each leader was effective, and where each leader faltered as a result of their power.
Adolf Hitler:
https://www.youtube.com/watch?v=-6E4H2nHmuo
Without ever seeing Hitler or hearing his actual voice, it is tough to believe anyone would ever get behind his message.  After watching his speech, the power and intensity of his words become evident. Even though no one in our group speaks German or knows what he is saying, he presents his message with an unrivaled passion and energy.  Hitler was able to fill the void in Germany after World War I,  uniting the country towards a clear vision.  Even though Hitler’s ideas were radical, he was able to use his charisma to dominate Germany.
Evidence suggests that leaders with charisma influence their followers using a four-step process.  First, the leader will present a long-term strategy towards an ultimate vision.  For Hitler, he emphasized the greatness of Germany and how he wanted it to become the strongest country in the world.  Following the initial vision, charismatic leaders will present a “vision statement” in which the leader presents the main ways of attaining the vision.  Hitler’s main messages to his followers were German greatness, the Aryan Race, and ridding Germany of Jews.  The third step for charismatic leaders is to convey the new set of values through actions, and set an example for the followers.  Hitler did this by building up Germany’s military divisions, preaching about the pureness of the Aryan race, and setting up concentration camps.  Finally, charismatic leaders induce emotions from their followers in an attempt to connect with them on a personal basis.  When Hitler came to power, Germany was still recovering from the devastation of World War I.  He was able to play into the emotions of the demoralized German citizens, and he gave the German people a rallying point.
The emotions and passion in which he spoke was extreme, but he engaged his audience, and they fed off his energy.  When he spoke, people would listen, and they wanted to believe what he was saying.  Even though no one in our group knows what he is saying in the video, it is clear to see how articulate and passionate he was.  Throughout the YouTube video, he used movement, projection, and intensity to rally the crowd behind him.  Although Hitler was very effective in uniting Germany, he abused his power, and did not look out for Germany’s best interest.  He used his power to accomplish his own interests and needs.  His success in using his charisma led to the atrocities that occurred in World War II.  It should be noted that with charisma, there can be negative effects which clearly occurred with Hitler.  Hitler’s idea were not ethical nor in the best interest for Germany, but he was a very effective leader in uniting his people towards a common vision by playing to their emotions.  Hitler is a prime example of how influential charismatic leaders can be, even when the mission is unethical.  Charisma can be a dangerous tool, and companies should be careful when dealing with charismatic types; however, when used effectively and ethically, charismatic leaders can be very effective.

Ronald Reagan

Ronald Reagan is one example of a charismatic leader.  Charisma is defined as “a certain quality of an individual personality, by virtue of which he or she is set apart from ordinary people and treated as endowed with supernatural, superhuman, or at least specifically exceptional powers or qualities.”  This quality enhances one’s ability to lead.  Robert House studied it in leaders and came up with the charismatic leadership theory.  This theory states that followers attribute heroic or extraordinary leadership abilities when they observe certain behaviors.  Leaders with charisma exhibit certain characteristics including having a vision, personal risk, sensitivity to follower needs, and unconventional behavior.
Ronald Reagan used humor and wit to engage the American population and garner their trust and respect.  This approach differs from some other people in positions of authority who tend to be more serious.  Reagan also had a vision for the country.  In his first presidential race against Jimmy Carter he asked people if they were better off than they were four years prior.  With the struggles facing the country at that time, he was able to set himself apart from the establishment currently in power and provide solutions for how to deal with problems ranging from foreign policy to rampant inflation.

President Reagan also took personal risks in dealing with the Soviet Union.  Implementing strong foreign policy against the “evil empire” was certainly risky in terms of possible military conflict; however, it was necessary in order to bring a long-term solution to the disputes between the two nations.  Eventually, Reagan was able to end the Cold War without military conflict.

Sunday, 17 August 2014

Amazing Advert

Amazing Advert


Procter and Gamble, one of the largest FMCG companies in the world, and known for building many a great brands has come up with another world class offering this summer. No! It is not another product. It is an AD. 


Olympics is an event which guarantees eyeballs. In fact report suggests that 2008 Beijing Olympics was the most watched event on US television history on NBC and its cable networks. A ride which P&G missed completely back in 2008. 

So how does a company which has absolutely no products in their kitty with the slightest connection to Olympics/Sports/Athletics etc grab this opportunity. Answer - Never forget your target customer. Riding on tagline 'Proud Sponsor of Mom's, P&G has produced one of the most effective ads of 2014. It portrays the everyday struggle of Mom's and the part they play behind the success of Olympic winners. Deeply personal and excruciatingly emotional, the ad manages to strike a chord with the audience. One of the reason why it has got 1.9 million shares catapulting its status as the most shared London Olympics Ad.

This is not something new from P&G. They have tried something very similar in the 2012 games as well. The Ad was received well and boosted P&G's sales. A look at the 2012 ad:

If we discard the criticism concerning the use of 'subliminal advertising', the P&G London Olympics Ad is sheer brilliance. Something that will surely help P&G keep its position in the ultra-competitive FMCG market
.

Organizational Structures

Different Types of Organizational Structure

Organizations are set up in specific ways to accomplish different goals, and the structure of an organization can help or hinder its progress toward accomplishing these goals. Organizations large and small can achieve higher sales and other profit by properly matching their needs with the structure they use to operate. There are three main types of organizational structure: functional, divisional and matrix structure.

Functional Structure




Functional structure is set up so that each portion of the organization is grouped according to its purpose. In this type of organization, for example, there may be a marketing department, a sales department and a production department. The functional structure works very well for small businesses in which each department can rely on the talent and knowledge of its workers and support itself. However, one of the drawbacks to a functional structure is that the coordination and communication between departments can be restricted by the organizational boundaries of having the various departments working separately.

Divisional Structure 

Divisional structure typically is used in larger companies that operate in a wide geographic area or that have separate smaller organizations within the umbrella group to cover different types of products or market areas. For example, the now-defunct Tecumseh Products Company was organized divisionally--with a small engine division, a compressor division, a parts division and divisions for each geographic area to handle specific needs.
The benefit of this structure is that needs can be met more rapidly and more specifically; however, communication is inhibited because employees in different divisions are not working together. Divisional structure is costly because of its size and scope. Small businesses can use a divisional structure on a smaller scale, having different offices in different parts of the city, for example, or assigning different sales teams to handle different geographic areas.

Matrix 

The third main type of organizational structure, called the matrix structure, is a hybrid of divisional and functional structure. Typically used in large multinational companies, the matrix structure allows for the benefits of functional and divisional structures to exist in one organization. This can create power struggles because most areas of the company will have a dual management--a functional manager and a product or divisional manager working at the same level and covering some of the same managerial territory.


Friday, 15 August 2014

How to make Maha MANDI bigger and better..

Friends during my participation in MahaMandi,2014 i personally felt some more steps could be taken next year to promote it more.Some of them i am listing down which would be of great help for our juniors to expand this event further and make this event even more successful..

 

1. Certain workshops can be conducted before Maha-Mandi to help students know these products covering all the aspects well. Then only they would be able to sell these effectively
2. People can also be made aware on how to approach people while selling. They should be able to target the right audience and right market.
3. Its better that students present their product by giving the customers live demo of its use by making some shape of it rather than explaining everything verbally. It certainly gives a better impact on the customer and increases the chances of its purchase.
4. The inventory could be made available at various other parts of Mumbai on the day of this event. We have witnessed students selling their whole inventory within 1 hour also. Predicting this much success 1 day before while teams were purchasing the inventory was not possible, so next year this could be tried by organizers.  
4. I think its time for Maha-Mandi to be promoted even outside Mumbai. Participation in this event is a must for any MBA student so it could be encouraged further also to nearby colleges outside Mumbai as a start.

5. Participation in this event should be made a compulsory event for every NITIE students.This is an event that separates NITIE from other B-Schools. If students from other colleges can participate in such a large scale, we as a part of NITIE has a duty to set example before them

Encourage Team Building through engaging members!!!!

Team Building Activities




Classroom studies till date in my life were mostly limited to noting down whatever teachers spoke in the class and develop a habit of remembering whatever was necessary to get the best grades possible. Team building exercises were never a serious contender for top stop in any of the activities in the classes I attended baring a few.
When Prof. T.Prasad made us participate and enjoy activities which were never part of the curriculum but part of his efforts to make us realize other important aspects such as team building, I truly enjoyed it a lot. This was something which were high in my expectation in methodology of teaching at premier B-Schools. 
This is truly essential due to following effects it has on the organization and individuals: 

Builds Trust
Team-building activities can help develop trust among all. Trust is very important to business, especially when teamwork is required on a daily basis to achieve objectives and grow companies.
Eases Conflicts
Unnecessary conflicts and disputes might arise within an organization as there are varied personalities of various members. Team-building activities can thus play an important role in easing conflicts between coworkers by allowing employees to bond with one another and become more accustomed to each others' personalities. To ease conflicts, use team-building activities that allow coworkers to get to know one another on a personal level.

Increases Collaboration
Team-building activities can establish a stronger bond between all the fellow employees. This bond can help in increasing collaboration among employees during daily business activities.

Effective Communication
Through team-building activities, the participants can learn how to better communicate with one another because they probably will be faced with activities that need to be solved as a group.

These activities are also helping us to know our classmates better and develop a sense of team spirit which we can leverage on in times to come.

I think similar sort of practices can be followed in a company.I would like to start with my company Hero Moto Corp Ltd.The primary reason why i started looking for an alternate career even after getting a good job after my B.Tech was the sort of work culture in my company.The work which i was supposed to do was very monotonous and there was no much innovative steps being taken from higher management.Even there was very less employee engagement not even from management side but also it was prevalent in the company’s atmosphere,everybody use to spend there quota of 8 hours.This led to a serious thought in newcomers like me to look for some alternate to technical job or probably to some other sector than manufacturing.Even after coming here and listening to other batchmates of mine i realised that this is the situation in most of the organisations and it depends on individual choice either to compromise on the money which he is receiving or try some other work.The different creative practices of learning which Dr Mandi imparts in our class is simply phenomenon.This should be encouraged even further ,I seriously would be carrying a lot of learning through this class and hope to extend it to my professional life.

Some of the quotes that I can recollect at the moment about team spirit:

· "There is no 'I' in TEAM" ~ Anonymous
· "A single arrow is easily broken, but not ten in a bundle" ~ Japanese proverb
· "A boat doesn’t go forward if each one is rowing their own way" ~ Swahili proverb
· "Coming together is a beginning. Keeping together is progress. Working together is

success" ~ Henry Ford