A Management Trainer & Business Coach on AGILITY, CHANGE MANAGEMENT,CONTINUOUS IMPROVEMENT, PRODUCTIVITY from KOLKATA.Conatact for bba, MBA notes and Reaserch Projects.
This is a peculiar symptom that has been found in many executives that the burning desire is not there,they don’t want to give that extra hour to work and to make things happen.
But today we talk about the deliverables be it in software projects or planning a mega city or building a mega city or finishing a petrochemeical project in time and on time, upgrading the infrastructure at a very fast space. Every guy in business need an extra effort to ahead and makes things happen. I fully believe that “Nothing happens automatically, one must make things happen”.
Looking upwards and on wards is a continuous habit, many book by the American has been written about go getting attitude and inspirations to go ahead. We have talked about the positive mental attitude and creating environment where one has to over come many obstacle which will come on his/her way.
As an IT professional I will say it’s the mental software that is important to reboot & tune it as and when required. The negative influence has to be overcome and willing to move forward. The mental framework of fulfilling an objective must be in place first.
FocusYug: In the Hindu and Vedic mythology we always say it the time or Kal , Mahakal Yug. We at present living in the Kal Yug, in the corporate worlds if professional have to be successful must believe in FOCUS YUG.
Channelize all your time, energy, money and all resources to particular things to achieve success. There is a dichotomy between one job at a time or multitasking. Now with modern time management concepts and multitasking concepts the FOCUS YUG has become very important.
Multitasking and Multi focus , yaa, it's difficult task, at times one can get direction less and things can go hey-ware, and the project deadlines and other things can remain a distant dream with deadline failure and cost overrun.
Here comes the smartness of the executional executives.and his individual capacity to stay FOCUS and to achieve the task with executional excellence.
I have been a great fan of Prof.Ram Charan . Charan talked about Focus as a strategy that should be followed at every steps ..
Dr. Goldratt's in "The Goal" the man who pioneered the concepts TOC ( Theory Of Constraints)also talks about Focus stratefy.
There is a very common concern and question both in the mind of the corporates and the students"Is it worth hiring an MBA or going and doing an MBA?" respectively.
I think it hardly matters if you are an MBA or not, business is caught, but management can be taught which can not always be utilized/practiced in day to day running of business. In day to day business life unlike any other numerical subject logic don’t work always. Particularly with the management science thing are most unpredictable, though we use large number of tools (analytics and statistical) still things fall in line at times. No business situations are alike and unique all are different and has got it’s own uniqueness and characteristics..
Last month I was conducting a workshop with a large Business Group regarding some modern management practice. We talked about Productivity and Performance, retraining the managers to deliver to their best.
During the last one and a half years with a bid global economic scenario Corporate are skeptical about the performance and deliverable of the MBA’s and the engineers too.
We talked about the stretched targets to identify constrains and how over come the constraints. The situations and style of operations varies from place to place, and executions matters the most, it’s becoming very complicated and competitive, so it’s a continuous re learning and unlearning and practicing and perfecting it’s style.
I don’t think copy book style and case study oriented approach is very effective. I think practicing is more important than studying. It’s a continuous journey of learning and practicing.
“England is a nation of shopkeepers” Napoleon Bonaparte. Management Guru Prof. Ram Charan echoed in the same waybut not with the Englishmen, but the basic lesson that he learntfrom his own family business shoe shop in Uttar Pradesh -India.
I like Ram Charan, his approach is very effective and hands on.
I was reading Prof. Tarun Khanna’s “Billions of Entrepreneurs” it all starts from small and humble beginning of shop keeping, the micro practice of day to day management can be easily leveraged to macro level. But the DNA get structured in the way the shop keepers work. These shopkeeper are the incubators of tomorrows Ambani, Mittals.
OPEN BOOK MANAGEMENT SYSTEMS: A management style
in which everything is revealed to employees and there are no secrets.
Open-book management involves not only revealing a company's
full financial information to its employees but also making
transparent all of the workings of the company.
Open-book management has been viewed as enabling the
empowerment and involvement of the workforce,
increasing employee motivation and organizational efficiency.
Management are always interested to retrain the best employees
and retention is difficult.
Motivation can never be defined numerically,
and can be consistent. The levels may swing day to
day,management Gurus have talked about Self-Motivation,
but for an "Cerebral Animals" we the homosepians requires
a different and an unique type of motivation.
In any "Knowledge Oriented Job" one must have a different
outlook and prospective regarding Motivation.
Motivating the knowledge workers is the most difficult
task and with all my experiences in the knowledge industry
I have found that they are of a different breed of people.
Transparency can work wonders for the knowledge workers,
they can assess them with their figures.
ESOP has worked wonderfully and the sense of competition
not within inside but outside can happen.
Please Play the Video to get a deeper
understanding of Open Book Management.
Target setting is a very delicate task. If you cannot measure you cannot manage.
Late .Prof. Peter Drucker has said in one of his interviews that "measurement and management: if you want to manage you must measure".Without accurate measurement, management's effective and efficiency can not be controlled.
Robert Kaplan and David Norton's BCS exclusively talks about this .
The destination statement of BSC has made the strategic agility. Strategy has to change on a continuous basis and targets can be stretched in order to achieve greater goals.
An interesting post is as follows with Stretched targets.
Success of retaining quality people is again becoming a critical question as we are slowly coming out recession.
The perennial problem of management will be coming back again-retaining quality people.
David Russo, who was Head of HR for the famous SAS Institute for over 17 years, is frequently quoted saying: “Every night at 6 o’clock, all our assets walk out the door…We just hope they come back at nine the next morning.."
Mr. Narayan Murthy, the Mentor of Infosys believed in the same mantras.
I was going through the blog of Apolinaras Sinkevicius. I found he has categorically mentioned that these common factors are visible in the successful firms which can retain their talented employees.
•Open-book management says to employees: “we did a good job hiring you, we know you will understand things, and if you don’t, you will ask good questions.”
•Dignity. From the office cleaner to the CEO – everyone should be treated like the CEO of their job.
•Trust shows people that the company understands honest mistakes are made. They would rather have you do your best and try, rather than “stay under the radar” and exert the least amount of effort to not attract attention.
•Great leadership greatly reduces the need for management. Leadership inspires people and inspiration is important to loyalty.
•An occasional office party does not create belonging. People must feel they are part of the team, that they matter, and that company knows they are not just a line item in the budget.
If you work for a great company that gets it, please share the ingredients of their “recipe” in the comments section.
