Thursday, December 20, 2012
Friday, December 7, 2012
Unless you shake up the bottle, you will get diluted version of the medicine. Unless you share up the institutions /companies, you get diluted performance.
Therefore shaking up MUST be a part of regular activity if medicine or institutions have to perform at its finest potential.
Our Institutions and companies for that matter perform below the potential merely due to non shaking up regularly. Mr Arvind Kejriwal & Team Anna have shaken up our democracy. People are now more forthcoming , speaking up and participating in democratic process and issues concerning them.
Even at companies new CEO can bring life if he is enthusiastic and have capability to see things in different light. Status-Quo is the biggest challenge everywhere. Status Quo is nothing but unshaken condition.
Look at the leaders who shook up the things.
Arvind Kejriwal , Narendra Modi , Nitish Kumar , Rajiv Gandhi , TN Seshan, CAG Vinod Rai , Manmohan Singh of 1991 , Ex BMC Commissioner Subodh Kumar........
Steve Jobs, Bill Gates, Narayana Murthy (IT), Kishor Biyani (Retail), Dhirubhai Ambani
(Capital Market and Business)......
There are many institutions and companies that are looking for someone who really can shake them up and enable them to realise and/or regain its true potential.
Shekhar Suman Show Movers and Shakers might have lived its life, but we need Movers/Shakers everywhere, or else we all r likely to go sleep.
Are you a Shaker or waiting for one?
To become Shaker:
- Ask Why as often
- Ask Why Not more often
- Challenge Established Practice for betterment (better Speed, lower cost, higher reach, more revenue, happier people )
- Change Responsibility in Organisation
- Re-imagine world around You (every year). Execute what you can influence.
Name some of the Movers & Shakers known to you? How they Shook the world around them.
Monday, November 26, 2012
Wednesday, October 31, 2012
Well the title suggests some co-relation between the two judgement.
Yesterday Mumbai High Court delivered a judgement on VAT to be Payable by the builders. Therefore no relief to the builders for which the case was in court.
I have been observing since last few years, every court and consumer body are delivering judgement against the builder or builder body MCHI. There is a news about some or the other cheating by builders more often. Press is full of negative news about the builder community.
In such a scenario what is the role of MCHI or CREDAI? I haven't seen any advertisement in the press by MCHI other than their regular exhibition 3/4 times a year. That are the only times they are seen in the press. That's it.
What financial market regulator SEBI does? They are out in the press many a times during the year to educate and make investors aware about the market. They are concerned about the fraudulent companies and think that investors should not be fooled or looted by these companies and there fore education and awareness. These kind of initiatives build perception.
Rajat Gupta of ex Mckinsey got support letter from 400 top notch people of the world and his sentence was reduced substantially by the judge. It was only token sentence of Jail. His good work and his perception about otherwise individual conduct had an impact on the judge and it saved him from rigorous punishment.
Therefore if one wants to be seen and heard from the heart , perception in the market plays significant role. The way good perception helps to reduce the gravity , bad perception will act negatively.
MCHI talks about their consumer grievances cell. Why don't they publish data on how many complaints they received and how many issues were resolved? Why don't they come out in press periodically to make consumer aware about bad practices in the industries and dos and donts while buying home or dealing with builders? No concerns for consumers and only time to go to press is when they want to sale their products. This will not work.
Bad perception is being created by some of their members by their conduct and no effort to create good perception effort by some aggressive proactive action , how can you win trust of consumers, authorities and even courts?
Food for thought for MCHI to ACT and ACT proactively for the betterment of consumers at large and not only for the benefit of their members. Rajat Gupta and MCHI both are impacted by their perception - one positively and one negatively.
Tuesday, October 23, 2012
1. Robert Varda Must open up for SC Judge Inquiry
2. Govt Must work towards passing of Lokpal Bill acceptable to all parties may not be to Arvind Kejriwal
3. Govt Must speed up non FDI procedural reforms
4. 2 G and Coal Gate, CWG scamsters Must be prosecuted in fast track courts
5. Govt Must come out with VRS Scheme – Voluntary Resignation Scheme for their ministers before their scams are unearthed
6. IAC and Anna Hajare Must dig out all political, bureaucratic and corporate scams
7. Nitin Gadkari Must prove beyond doubt that nothing is wrong in his conduct of public life
8. BJP Must declare Narendra Modi as PM candidate and invite any opposition leaders to debate on TV
9. Educated class Must join politics – party of their choice and get more engaged in national activities
10. Cong Must find out PM candidate for 2014 election as MMS & RG are already discounted and found to be not competent
This will also make Media Free for more productive and positive reporting.
Saturday, September 15, 2012
Saturday, August 4, 2012
Our heartfelt tribute to Mr. Lalit Sheth (Owner of Raj Travels). This is very unfortunate incidence and shaken many who are in business world.
Are there any lessons entrepreneurs can learn from his sudden and tragic death ?
Well I think many.
Borrowing is easy but its servicing of debt and repayment of debt drown many families. Be it farmers in interior Maharashtra or entrepreneurs like Lalit Sheth, unmanageable debt is a killer.
We have many many cases of NPA and over borrowing and situation is close to alarming. As long as cash flow is sustained (not necessarily profit) one would not realise the gravity of situation.
How analysis of viability of the project is critical andkind of approach is disastrous. I have also known many such cases where entrepreneurs merely on the basis of gut feel ventured into the project , borrowed heavily than the project can sustain and ultimately they had to sale their even their personal assets , faced legal battle to save their mortgaged home and suffered socially enormously.
Lenders and bankers are also not playing proactive and supportive roles while lending and during the tenure of the loan. They have access to the critical data and can very well play a vital proactive role more than just collector of interest and then filing suit when something goes wrong. Prevention of foreseen disaster is a joint responsibility.
This kind of financial status is also very difficult to manage socially. There is a club run by a CA made up of entrepreneurs who are facing bank’s action and whose assets have become NPA. This kind of club helps their family members to realise they are not alone and learns how to face the reality and even come out of the same also.
Having a strong internal CFO is a must these days. I know many entrepreneurs in SME segment who do not understand the reading and implication of their balance sheet. Its very dangerous. Entrepreneurs must know their financial status i.e. actual and not fake as shown to bankers /tax authorities. Alternate MUST have CFO, absolutely dependable and proactive. He must see problem coming, warn the management /owner and know the corrective measures. SEBI is making efforts to spread investor education on a large scale but there is also strong need for entrepreneur education. Everyone is working for money but ignorance about its PLAY is wide spread.
Last but not least, I do not know what is the brand value of the Raj Travels? Must be very high. Such a great asset could have been leveraged to taken care of liabilities, atleast some. This is where CFO or Investment Banker can be of great help. Do you know what your real assets are !!!
This is written merely with the public information about Mr. Sheth’s grave financial situation we all have from news papers. No advice or analysis of his real situation. This write up might benefit some readers.
Wednesday, August 1, 2012
Either you or yr work has to speak up. Yes either MUST speak.
There are two kinds of brand building for all : self and product / services.
One is self promoter by its sheer nature or strategy. Aggressive advertising , marketing , self promotion , self talk etc. Making all out effort to be known among the target audience.
Second way is to do a kind work that speak for it self. It also requires speaking but here work speaks. Users of the work will speak and spread the word. When a company creates scintillating customer experience, its customers speaks. There was a saying that it is the best selling author and not necessarily best writing author who sells. However in times of powerful social media its the best writing authors will become best selling. Only sellers without the best content will be difficult now.
It is not always necessary that best sellers are not best content wise, however when users speaks rather than self /company , people believes most. Self sellers can be successful but when work sells - person and product not only reach up to the top but command respect also.
We have two shining examples of person whose work always spoke more than the self and they are on the top of their class : Guess?
Mr. Amitabh Bachchan and Dr Manmohan SIngh. Both r introverts , speaks less but cud reach to the top , sheer for the kind of work they did. You may add examples on both side.
Are you or your work speaks more than you?