In 1976 the Mittal Family from Calcutta, India moved to
Indonesia and started Steel business , he showed his
acumen to takeover all sick steel making companies and
nurse them back to profit.He used this technique of
acquisitions and mergers round the world.
In the following interview he has said that BOLDNESS is
required to do the "Out Of The Box Thinking".
A person need Courage & Conviction to do it.
Enjoy the Video.
He is now the Fourth Richest Man In The World.
Friday, March 13, 2009
MANAGEMENT:"GURU And His MANTRAS" : Prof Philip Kotler The Marketing Management Guru And His Latest Mantras On Marketing.
Prof Philip Kotler defines his new mantra on Marketing.
The new MANTRA on Marketing is CCDVTP
C:CREATE.
C:COMMUNICATE.
D:DELIVER.
V:VALUE.
T:TO A TARGET MARKET.
P:AT A PROFIT.
Three basic activities required for a SUCCESSFUL FIRM.
CREATING VALUE=PRODUCT MANAGEMENT.
COMMUNICATE VALUE=BRAND MANAGEMENT.
DELIVER VALUE= CUSTOMER MANAGEMENT.
Product Management:It's is an OPEN technology ,
outsource the best technology from outside open
technology or open technology.
Brand Management: Brand management is Packaging.It's a
PROMISE. It's all about MIND share ,
HEART share and now
it's SPIRIT share.
Customer Management: Have a database of Customers.
It's just dealing with the date base,a database
management.But according to the GURU ,
you have to meet with the Customers
and share his thoughts and CO-CREATE
new value to your product.
There is a radical change in the thought process of marketing, a
new evolution of thought process has come along this new
Marketing Mantra.
The new MANTRA on Marketing is CCDVTP
C:CREATE.
C:COMMUNICATE.
D:DELIVER.
V:VALUE.
T:TO A TARGET MARKET.
P:AT A PROFIT.
Three basic activities required for a SUCCESSFUL FIRM.
CREATING VALUE=PRODUCT MANAGEMENT.
COMMUNICATE VALUE=BRAND MANAGEMENT.
DELIVER VALUE= CUSTOMER MANAGEMENT.
Product Management:It's is an OPEN technology ,
outsource the best technology from outside open
technology or open technology.
Brand Management: Brand management is Packaging.It's a
PROMISE. It's all about MIND share ,
HEART share and now
it's SPIRIT share.
Customer Management: Have a database of Customers.
It's just dealing with the date base,a database
management.But according to the GURU ,
you have to meet with the Customers
and share his thoughts and CO-CREATE
new value to your product.
There is a radical change in the thought process of marketing, a
new evolution of thought process has come along this new
Marketing Mantra.
Thursday, March 12, 2009
Outsoursing And Obama:U.S.Economy May Not Go For OUTSOURCING,India And China Have To Look Inwardly And Innovate A New Economic Order.
Great Leader are made U.S. President Mr.Obama VISION to build
a strong U.S.in turn it will it will make a strong World economy.
According to the CIA fact sheet 27% of the world GDP is contributed
by U.S. If the U.S. Economy can turn back the whole economy will
be back on track.
His emphasis on science ,technology and health care will make the
U.S economy back on track.His plan to provide the jobs to the
American ,he may have to cut back on OUTSOURCING,where as
countries like China and India may suffer,but on the contrary
countrieslike India and China, will focus on domestic demand
an rethinkto build their own economy.
One way it will be a blessing in disguise for countries like
India and China , inetially thre will be some hick ups
they have to focus internally not depending on the export
market.
This will make both India's and China's
economy stronger.In the long run these economy will become
stronger with using all their sthrenght nad make products and
services competitive in the global market.
a strong U.S.in turn it will it will make a strong World economy.
According to the CIA fact sheet 27% of the world GDP is contributed
by U.S. If the U.S. Economy can turn back the whole economy will
be back on track.
His emphasis on science ,technology and health care will make the
U.S economy back on track.His plan to provide the jobs to the
American ,he may have to cut back on OUTSOURCING,where as
countries like China and India may suffer,but on the contrary
countrieslike India and China, will focus on domestic demand
an rethinkto build their own economy.
One way it will be a blessing in disguise for countries like
India and China , inetially thre will be some hick ups
they have to focus internally not depending on the export
market.
This will make both India's and China's
economy stronger.In the long run these economy will become
stronger with using all their sthrenght nad make products and
services competitive in the global market.
Tuesday, March 10, 2009
Management Style Of Sir Richard Branson He Loves People, People Management Is His Own Style.
I am sure you will enjoy this.
Sunday, March 8, 2009
Globality- Globalisation Can Really Benifit The World In the Long Run. We Are Really Staying In A Small World Where We Are All Shareing And Careing.
I was reading the the books of Prof Pankaj Ghemawat regarding
Globalization.
After the GATT was drafted and signed by all the countries in
the nineties ,many people felt very skeptical about the future
of their own countries in the future.
The agreement by Arthur Dunkell was a remarkable achievement in
the global economy.
Apparently it seemed the process economics of the world would benefit,
as it was said " The technologically forward countries will become rich
at the cost of the technologically backward countries" but in the long
run this idea is not true.
So called in nineties "Third World Countries" of the world has become the "Emerging Economies Of The World" the GDP growth rate are much
ahead of the developed countries of the world.
There were some very wrong ideas about these third world economies.
1.Low spending economies i,e poor consumption capacities.
2.Technologically backward heavily dependent
upon foreign technology, no capacity to develop own and
indigenous technology.
3.Academically weak and poor.
4.Don't have the power to innovate
new product or services of global standards.
But these economies are now plying a stupendous role in giving
boost to the global aggregate demand , one reason the high and
favorable demographic scenario.
If you consider"CHINDIA" China and India we have to watch it
very carefully.Identification of The BRIC economic block will
be a significant part of the world economy.
It’s the success of China’s manufacturing capabilities and
India’s service sectors which is playing a dominant role in
the global economy.
Apart for the BPO and KPO , Software which has given India
sizable aadvantages over other countries is due to labor
arbitrage , where as silently India has come out with
some social engineering practice like Arvind Eye Care,
Dr Debi Shetty’sNirlam Hridalaya, the whole world is
keeping a close watch on these success stories of India.
Indian manufacturing sectors in forging of Mr. Baba Kalyani’s
Bharat Forge supplying materials to all the major auto makers
of the world like BMW, FIAT etc has made a mark in highly
competitive globalauto market.. Mr. Sanjay Lalbhai’s ,
Arvind Mills Ltd has made aninroad in the denim manufacturing
in the world and in pharmaceuticals industry like Ranbaxy,
Dr. Reddy, Cipla, which has become the brand ambassador for a
highly competitive drug market and regularly getting
their molecules passed by the FDA in U.S.A.
The concepts of Micro Credit in order to eradicate poverty and
empowering the destitute and poor in Bangladesh has been
pioneeredand successfully executed by Md Younis in the case
of Gramin Bank.
In 1971 it was Henry Kissinger said Bangladesh is nothing but a basket
nation,but this poor country is trying to stand on it’s own feet..
So underprivileged countries tow decades ago are now the growing and
potential markets for the Western and U.S MNCs.
Globalization.
After the GATT was drafted and signed by all the countries in
the nineties ,many people felt very skeptical about the future
of their own countries in the future.
The agreement by Arthur Dunkell was a remarkable achievement in
the global economy.
Apparently it seemed the process economics of the world would benefit,
as it was said " The technologically forward countries will become rich
at the cost of the technologically backward countries" but in the long
run this idea is not true.
So called in nineties "Third World Countries" of the world has become the "Emerging Economies Of The World" the GDP growth rate are much
ahead of the developed countries of the world.
There were some very wrong ideas about these third world economies.
1.Low spending economies i,e poor consumption capacities.
2.Technologically backward heavily dependent
upon foreign technology, no capacity to develop own and
indigenous technology.
3.Academically weak and poor.
4.Don't have the power to innovate
new product or services of global standards.
But these economies are now plying a stupendous role in giving
boost to the global aggregate demand , one reason the high and
favorable demographic scenario.
If you consider"CHINDIA" China and India we have to watch it
very carefully.Identification of The BRIC economic block will
be a significant part of the world economy.
It’s the success of China’s manufacturing capabilities and
India’s service sectors which is playing a dominant role in
the global economy.
Apart for the BPO and KPO , Software which has given India
sizable aadvantages over other countries is due to labor
arbitrage , where as silently India has come out with
some social engineering practice like Arvind Eye Care,
Dr Debi Shetty’sNirlam Hridalaya, the whole world is
keeping a close watch on these success stories of India.
Indian manufacturing sectors in forging of Mr. Baba Kalyani’s
Bharat Forge supplying materials to all the major auto makers
of the world like BMW, FIAT etc has made a mark in highly
competitive globalauto market.. Mr. Sanjay Lalbhai’s ,
Arvind Mills Ltd has made aninroad in the denim manufacturing
in the world and in pharmaceuticals industry like Ranbaxy,
Dr. Reddy, Cipla, which has become the brand ambassador for a
highly competitive drug market and regularly getting
their molecules passed by the FDA in U.S.A.
The concepts of Micro Credit in order to eradicate poverty and
empowering the destitute and poor in Bangladesh has been
pioneeredand successfully executed by Md Younis in the case
of Gramin Bank.
In 1971 it was Henry Kissinger said Bangladesh is nothing but a basket
nation,but this poor country is trying to stand on it’s own feet..
So underprivileged countries tow decades ago are now the growing and
potential markets for the Western and U.S MNCs.
Saturday, March 7, 2009
Management & Six Sigma:What Is Six Sigma? A Statistical Tool And How Can it Benfit Organisations.
Six Sigma , a process which will make you a better leader
and a better worker.
Change the whole thinking approach about the world.
Six Sigma when applied in an organization makes it more Efficient
and Effective.
Six Sigma is basically a statistical tool which was pioneered
by Bill Smith in the Motorola. It was basically meant for
QUALITY Control in the production process Of Motorola.
It’s basically a Management philosophy, a matrix, a strategy,
a method to transform a culture on an organization.
It’s basically the value addition to the customers and the
change n the quality of the services and products that your
customer gets and also to do it right at the very first time.
Who is a customer?
A customer is a person who receives all your services and
products, it can be an external as well as internal.
Inter departmental with in the organization, let me explain,
Sales is a customer to Production Department, Production
Department can be a customer to the Materials department etc.
So customers with in the originations.
Basically it improves your effectiveness and efficiency.
It increases the effectiveness and drives down inefficiency.
If there are One million(1,000,000) events the permissible level
of defects will not be more that 3.4 per million events.
Organizations like GE, Wipro Ltd, Motorola, and HSBC may more use
this particular process improvement statistical tool.
As I said it’s a business process by which a perfection ca be easily
achieved.
and a better worker.
Change the whole thinking approach about the world.
Six Sigma when applied in an organization makes it more Efficient
and Effective.
Six Sigma is basically a statistical tool which was pioneered
by Bill Smith in the Motorola. It was basically meant for
QUALITY Control in the production process Of Motorola.
It’s basically a Management philosophy, a matrix, a strategy,
a method to transform a culture on an organization.
It’s basically the value addition to the customers and the
change n the quality of the services and products that your
customer gets and also to do it right at the very first time.
Who is a customer?
A customer is a person who receives all your services and
products, it can be an external as well as internal.
Inter departmental with in the organization, let me explain,
Sales is a customer to Production Department, Production
Department can be a customer to the Materials department etc.
So customers with in the originations.
Basically it improves your effectiveness and efficiency.
It increases the effectiveness and drives down inefficiency.
If there are One million(1,000,000) events the permissible level
of defects will not be more that 3.4 per million events.
Organizations like GE, Wipro Ltd, Motorola, and HSBC may more use
this particular process improvement statistical tool.
As I said it’s a business process by which a perfection ca be easily
achieved.
Friday, March 6, 2009
Management Guru Late Prof Sumantra Ghoshal Said Only 10% Of The Managers Are Purposeful In An Organisation.
Management Guru Late Prof Sumantra Ghoshal made a
very interesting statement and in an analysis he
said only 10% of the managers are effective and
purposeful. While 90% of the managers squander away
their time in activities which are not very fruitful.
He made a very important, 2 X 2 Matrix where on the X-axis
is FOCUS and in the Y-axis it’s the ENERGY.
He has made the combination of the two attributes Focus and Energy.
1.Low Level of Energy and Low Level of Focus: These Managers are PROCRASTINATORS.
2.Low Level of Energy and High Level of Focus: These Managers are DESCRATOS.
3.High Level of Energy and Low Level of Focus: These Managers are DISENGAGED.
4.High Level of Energy and Low Level of Focus: These Managers are PURPOSEFUL.
According to Late Prof Ghoshal only 10% of the managers can focus and
execute the Purposeful Goal of the firm where they work and can
achieve the targets.
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