Politics and Economy

Obama is in India, and one thing that has re-affirmed me from his visit is that Politics and Economy always go hand in hand. You cannot simply talk economy and leave aside important political issues or vice -versa.

Even personally i feel politics and economy both have a lot in common and they need to work together to bring win-win situation for countries.

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Cost – Benefit Analysis

Cost-Benefit Analysis

Recently, i had a good discussion with one of my friend, who wanted to open start-up involving retail shop-keepers. After a lot of listening to him, the idea didn’t sound very convincing to me and I suggested to him that i will do Cost-Benefit Analysis for him, based on my previous experience.

As i was not totally aware of all the aspects of his business model, therefore i ended up doing cost analysis only and left the benefit analysis on to him. I calculated the approximate cost that he will have to incur at the start and at the end of one year. These costs didn’t involve any sweat costs or any other intangible costs. Therefore a question came to my mind- when we do any cost benefit analysis- what should we put as sweat cost? Ideally people put some approximate salary that anyone of their experience might be getting in some good company. I don’t question this method, but i suppose while doing cost benefit analysis we should also put some numbers for the passion, time, emotions etc that we will put in to make business successful. As all these are part of cost only, and i totally agree all of these won’t get converted into money as a benefit, but might again get converted to intangible assets only. But nevertheless they should be part of cost benefit analysis.

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Problem handling-Divide and Rule

We all have heard about an old and famous saying “Divide and Rule”. Apart from politics and defense, this rule is very much applicable in how we handle diffuclt problems or issues in our professional and personal lives.

For discussion lets talk about only the professional life so as to understand the concept of “Divide and Rule” and same would be applicable to personal life also. When ever we face some big challenges or issues we get bogged down with the sheer colossal nature of it. We jump on to the problem and without any strategy start looking for the random solutions. Somtimes this strategy works but often it doesn’t result in desired results, and leave us with a feeling of despair and lack of confidence.

In the above kind of situation the golden rule of “Divide and Rule” can help a lot which profess that we should divide our issue or problem at hand into smaller sets. Then tackle those small issues one by one. Lets take an example, your boss asked you to design a new product in one week of time and you don’t have any idea about the product. Instead of directly jumping and worrying about how product will be designed in just one week of time, divide this activity in smaller set of tasks. Such as, collecting information of what the product is about,getting its definitions etc, contacting a POC who has knowledge about the similar kind of product,writing down the requirements of users of the products etc.

Then tackle one or two tasks simultaneously and steadily complete the list of tasks. You will be amazed to see that in week’s time even if you are not able to do complete product modelling but you would be in better state to face people and let them know that you could complete the designs with in some more days. You will be more confident and sure about how and what will be delivered as product modelling.

This technique sounds simple but some times people ignore it while handling the issues when situation demands so. Next time when you face any issue, consciously make efforts to apply this rule and you will definitely get better results.

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15th Aug 2010 celebration in a special way

On 15th Aug 2010 we celebrated India’s 63 independence day in a special manner. Please follow the link to read more on this http://www.playandlivefoundation.org/

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How important is communication skills for a leader?

Traditionally management gurus have always said that good communication skills are very important for a person to become a leader. But how important is it really?

Can someone become a leader without being good in communication skills? Or can someone become a leader only because he/she has good communication skills?

If you have to choose one from the above what will be your answer?I think i will go for the 2nd option even though i know that there are many examples for the 1st option also.

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Fear

Is fear in any way helpful? I have heard many successful people saying that they all fear about one or another thing but ultimately they overcome those fear to become successful.

Yesterday I watched an old interview of an Army officer in the midst of a war and reporter asked him if he fears for his life? He casually answered that yes as a human he does fear initially thinking about it but overcomes it in few seconds. Then he said this what he has been trained for so many years and if he can’t over come his fear quickly then all his years of training and hardship would go waste.

Therefore we can say that everyone feels fear, its just how quickly you overcome it becomes the deciding factor in winning or loosing.

Fear for me is like a distant friend who comes to visit my house quite often from a far off place. If it stays for sometime then we talk and share a lot with each other about things around us. But if it starts living with me at my place then the problem starts. At that time i usually ask my friend on his face to go off to the place from where he has come and for that, sometimes i have to become a bit rude also.

I can’t avoid seeing him once in a while as he is a good friend who sometimes gives me a lot of good advices but i always try to make sure he doesn’t stay at my place for long and always say goodbye to him before its late for me.

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Politics-Is it part of our work culture?

Working in a big MNC i have alwasys wondered if “Politics” is part of our work culture or not. I am not talking about what the Company guidelines or rule book says but what happens on the ground.

Can we do our work without being affected of politics happening around us. The answer seems to be no. Then next question will arise- then what should we do? We have three options:

  • Be part of the system and play the politics game. This might hurt your actual work but who cares if you are winning in your political tactics.
  • Fight admantaly against the people who do this. The chances are that you will soon become most hated person and no body will be happy with you.
  • Don’t do anything and accept whatever is happening around you keeping a low profile.

Which one will you choose?

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Inefficiency

In large MNC where number of employees is huge, we can easily find inefficiency creeping deep down to their roots. Why is this so? Because the people working in these companies have become inefficient and working more towards their own benefits rather than as a team.

Politics and team work doesn’t go hand in hand. Ideally to avoid inefficiency these large MNC should have small teams and the leader of the team should make sure that no team member is playing politics.

Difficult to achieve but not impossible.

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Keep your priorities flexible but do keep them!!

Priorities…we all talk about it many times in our personal and professional lives. But how many of us actually have clear and defined priorities in our lives ? We always complain that we don’t get time for things and it is difficult to live up to the expectations of the jobs in hand.

One solution for this is to have a list of priorities even though flexible but do keep them. First go and type or write down the list of priorities in your life , and keep writing the list everyday when you get up in the morning and review it at the end of the day.

This list of changing priorities will give you a good idea about where your life is going to.

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Motivation

How motivated we feel for something depends upon how passionate we are for it. But mind you passion looses its intensity with time and you need to do few things which will reinforce your passion. This means that you need something to motivate you. What are those things?

  • Try to visualize the scene in your mind of time when you will achieve what you looking for.
  • Talk to your friends who would believe in you and your dreams.
  • Make small milestones and try to adhere them.Once you reach them, give yourself some kind of treat.
  • Do lot of exercise as to keep your body and mind in best of the conditions.
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