e-Panorama
9th Dec‘ 06. Year1,Vol.6
Newsletter of Bharuch District Management Association
29 Leadership Secrets Jack Welch built a career out of fighting waste. The book 29 Leadership Secrets from Jack Welch follows in Welch's footsteps, boiling the legendary CEO's leadership successes down to 29 strategies that made GE the world's most competitive company-and Welch the world's most successful and admired CEO. It is today's ultimate fast-paced, no-nonsense handbook on the ways of Jack Welch. It taps into the heart of Welch's courage, innovation, and leadership success by examining simple leadership secrets.
The Secrets are: 1. Harness the Power of Change 2. Face Reality! 3. Managing Less is Managing Better 4. Create a Vision and then Get Out of the Way Page 1 of 12
e-Panorama
9th Dec‘ 06. Year1,Vol.6
Newsletter of Bharuch District Management Association 5. Don’t Pursue a Central Idea; Instead, Set Only a Few Clear, General Goals and Business Strategies. 6. Nurture Employees Who Share then Company’s Values. 7. Keep Watch for Ways to Create Opportunities and to Become More competitive. 8. Be Number One or Number Two and Keep Redefining Your Market. 9. Downsize, Before It’s Too Late! 10. Use Acquisitions to Make the Quantum Leap! 11. Use Boundarylessness and Empowerment to Nurture a Learning Culture 12. Inculcate the Best Ideas into the Business, No Matter Where They Come From. 13. The Big Winners in the Twenty-first Century Will Be Global. 14. De-Layer: Get Rid of the Fat! 15. Spark Productivity through Speed, Simplicity and Self-Confidence 16. Act Like a Small Company 17. Remove the Boundaries! 18. Unleash the Energy of Your Workers 19. Listen to the People Who Actually Do the Work 20. Go Before Your Workers and Answer All Their Questions 21. Stretch: Exceed Your Goals as Often as You Can 22. Make Quality Your Top Priority 23. Make Quality the Job of Every Employee Page 2 of 12
e-Panorama
9th Dec‘ 06. Year1,Vol.6
Newsletter of Bharuch District Management Association
24. Make Sure Everyone Understands How Six Sigma Works 25. Make Sure the Customers Feels Quality 26. Grow Your Service Business: It’s the Wave of the Future 27. Take Advantage of E-Business Opportunities 28. Make Existing Businesses Internet Ready - Don’t Assume That New Business Models Are the Answer 29. Use e-Business to Put the Final Nail on Corruption &
Bureaucracy.
********************** Honesty is good for the company. It is good for the customer. It is good for the employees. It is just good business. Azim Premji.
********************* Power does not corrupt. Fear corrupts... perhaps the fear of a loss of power. John Steinbeck
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e-Panorama
9th Dec‘ 06. Year1,Vol.6
Newsletter of Bharuch District Management Association
Executive Detachment Mahatma Gandhi was once asked by a western journalist, "Can you give me the secret of your life in three words?" Gandhi, you know, could never pass up a challenge. "Three words?" he replied. "Of course: 'Renounce and enjoy!'" If you really want to enjoy life, he meant, renounce all the personal demands you make on it. The Buddha, who almost never talked about himself, once admitted quietly,"I am the happiest of mortals. There is no one happier than I am." This is the joy for which every one of us is born. Not tuppenny-ha'penny pleasures, not tinsel delights or costume jewellery, but a jewel that is beyond price: the jewel hidden in the very depths of our hearts. Detachment not only releases joy; it is also the secret of health. It is the best medical insurance in the world, and not only because it can keep us free from physical habits that sap our vitality. Detachment is a longevity skill. Freedom from compulsive emotional entanglements is the best insurance against stress. More than that, by opening a window onto a fuller,loftier view of life than that dictated by self-interest, detachment brings a sense of purpose. Without a reason for living, the human being withers and dies inside. However paradoxical it may sound, it is detachment that enables us to give ourselves wholeheartedly to worthwhile work without ever getting depressed, despondent, or burned out - right into the last days of our lives. Most people who work hard, yapping like a poodle at their heels. Detachment gives us the capacity to concentrate completely while on the job and to drop it completely when we walk out the door. A detached executive is a reliable
executive, a cheerful executive, a harmonious executive. And when you can drop your work completely at the end of the day, you arrive home ready to give all your love to your family and friends. Mahatma Gandhi worked 15 hours a day for 50 years. When he was asked, "Don't you want a vacation, Mr Gandhi?" he said quietly, "I'm always on vacation." It wasn't a flippant reply; he meant every word of it. So don't content yourself with two weeks in July or two weeks at a ski resort in January. You deserve 365 days of vacation, and that is exactly what detachment can give you.
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e-Panorama
9th Dec‘ 06. Year1,Vol.6
Newsletter of Bharuch District Management Association
Happiness is an Inside Job... (Eckhart Tolle is the author of The Power Of Now)
Do you resent doing what you are doing? It may be your job, or you may have agreed to do something and are doing it, but part of you resents and resists it. Are you carrying unspoken resentment toward a person close to you? Do you realise that the energy you thus emanate is so harmful in its effects that you are in fact contaminating yourself ? Have a good look inside. Is there even the slightest trace of resentment, unwillingness? If there is, observe it on both the mental and the emotional levels. What thoughts is your mind creating around this situation? Then look at the emotion, which is the body's reaction to those thoughts. Feel the emotion. Does it feel pleasant or unpleasant? Is it an energy that you would choose to have inside you? Do you have a choice? Maybe you are being taken advantage of, maybe the activity you are engaged in is tedious, maybe someone close to you is dishonest, irritating, or unconscious, but all this is irrelevant. Whether your thoughts and emotions about this situation are justified or not makes no difference. The fact is that you are resisting what is. You are making the moment into an enemy. You are creating unhappiness, conflict between the inner and the outer. Your unhappiness is polluting not only your own inner being you but also the collective human psyche of which you are an inseparable part. The pollution of the planet is only an outward reflection of an inner psychic pollution: millions of unconscious individuals not taking responsibility for their inner space. Either stop doing what you are doing, speak to the person concerned and express fully what you feel, or drop the negativity that your mind has created around the situation and that serves no purpose whatsoever except to strengthen a false sense of self. Recognising its futility is important. Negativity is never the optimum way of dealing with any situation. In fact, in most cases it keeps you stuck in it, blocking real change. Anything that is done with negative energy will become contaminated by it and in time give rise to more pain, more unhappiness. Further, any negative inner state is contagious: Unhappiness spreads more easily than a disease. Through the law of resonance, it triggers and feeds latent negativity in others, unless they are immune — that is, highly conscious. Are you polluting the world or cleaning up the mess? You are responsible for your inner space; nobody else is, just as you are responsible for the planet. As within, so without: If humans clear inner pollution, then they will also cease to create outer pollution. Ever wonder why some of the most successful people still seem unhappy? According to us, they have it all: looks, fame and fortune. Whenever we strive for something and reach it, there's a duality of elation and dejection. It is over, we do what is to be done next and the quest starts all over again. Somehow, the end result usually seems to be more exciting on the way there than when it is reached. ..contd..
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Newsletter of Bharuch District Management Association The remedy is having inner peace and all the rest falls into place and becomes the icing rather than the whole cake. When we are happy with whom we are, we can go anywhere and create that same atmosphere of warmth. If we run away, we can change locations but the same situations are carried with us. Stay put and flow with all the ideas and solutions. Then wherever you roam, you will have a house of contentment. There are characteristics of ourselves and our loved ones that should be recognised in order to curtail inevitable problems. One such aspect is that of poor problem solving. A difficulty can only be resolved when you take responsibility for it. Another characteristic is rigidity and inflexibility in thinking and behaviour. The more clearly we see the reality of the world, the better we can deal with it. Many people stop filtering any information unless it conforms to their map of reality so their views of reality are sketchy, narrow, and misleading. Views should always have the capacity to change when new information is introduced. Do you realise that happiness is truly an inside job? It frees the heart from hatred and the mind from worry. It is respect, and communication with yourself. Happiness is something you decide ahead of time so deposit a lot of happiness in your Memory Bank and make constant withdrawals. Use these insights for self-empowerment and for renewed awareness. (Inputs from Dr. Mahendra S. Patel, GNFC Ltd.)
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MANAGEMENT SPEAK
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MANAGEMENT SPEAK: That's very interesting. TRANSLATION: I disagree. MANAGEMENT SPEAK: I don't disagree. TRANSLATION: I disagree. MANAGEMENT SPEAK: I don't totally disagree with you. TRANSLATION: You may be right, but I don't care. MANAGEMENT SPEAK: You have to show me some flexibility. TRANSLATION: You have to do it whether you want to or not. MANAGEMENT SPEAK: We have an opportunity. TRANSLATION: You have a problem. MANAGEMENT SPEAK: You obviously put a lot of work into this. TRANSLATION: This is awful. MANAGEMENT SPEAK: In a perfect world... TRANSLATION: Just get it working and get it out the door. Page 6 of 12
e-Panorama
9th Dec‘ 06. Year1,Vol.6
Newsletter of Bharuch District Management Association MANAGEMENT SPEAK: Help me to understand. TRANSLATION: I don't know what you're talking about, and I don't think you do either. MANAGEMENT SPEAK: You just don't understand our business. TRANSLATION: We don't understand our business. MANAGEMENT SPEAK: We're going to follow a strict methodology here. TRANSLATION: We're going to do it my way. MANAGEMENT SPEAK: I didn't understand the e-mail you said you sent. Can you give me a quick summary? TRANSLATION: I still can't figure out how to start the e-mail program. MANAGEMENT SPEAK: Cost of ownership has become a significant issue in desktop computing. TRANSLATION: We want all the benefits and none of the costs. MANAGEMENT SPEAK: We have to leverage our resources. TRANSLATION: You're working weekends. MANAGEMENT SPEAK: Your project is on hold. TRANSLATION: We've put a bullet in it. MANAGEMENT SPEAK: Wrong answer. TRANSLATION: You didn't tell me what I wanted to hear. MANAGEMENT SPEAK: You needed to be more proactive. TRANSLATION: You should have protected me from myself. MANAGEMENT SPEAK: I'd like your buy-in on this. TRANSLATION: I want someone else to blame when this thing bombs. MANAGEMENT SPEAK: We want you to be the executive champion of this project. TRANSLATION: I want to blame you for my mistakes. MANAGEMENT SPEAK: We need to syndicate this decision. TRANSLATION: We need to spread the blame if it backfires. MANAGEMENT SPEAK: We have to put on our marketing hats. TRANSLATION: We have to put ethics aside. MANAGEMENT SPEAK: It's not possible. It's impractical. It won't work. TRANSLATION: I don't know how to do it. MANAGEMENT SPEAK: It's a no-brainer. TRANSLATION: It's a perfect decision for me to handle.
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e-Panorama
9th Dec‘ 06. Year1,Vol.6
Newsletter of Bharuch District Management Association MANAGEMENT SPEAK: I'm glad you asked me that. TRANSLATION: Public relations has written a carefully phrased answer. MANAGEMENT SPEAK: I see you involve your peers in developing your proposal. TRANSLATION: One person couldn't possibly come up with something so stupid. MANAGEMENT SPEAK: There are larger issues at stake. TRANSLATION: I've made up my mind so don't bother me with facts. MANAGEMENT SPEAK: I'll never lie to you. TRANSLATION: The truth will change frequently. MANAGEMENT SPEAK: Our business is going through a paradigm shift. TRANSLATION: We have no idea what we've been doing, but in the future we shall do something completely different. MANAGEMENT SPEAK: Value-added. TRANSLATION: Expensive MANAGEMENT SPEAK: Human Resources TRANSLATION: A bulk commodity, like lentils or cinder blocks. MANAGEMENT SPEAK: The upcoming reductions will benefit the vast majority of employees. TRANSLATION: The upcoming reductions will benefit me. (Inputs from Mr. Mukesh Mehta, Heubach Colour)
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e-Panorama
9th Dec‘ 06. Year1,Vol.6
Newsletter of Bharuch District Management Association
Value of a Smile A smile cost nothing, but gives much. It enriches those who receive, without making poorer those who give. It takes but a moment, but the memory of it sometimes lasts forever. None is so rich or mighty that he can get along without it, and none is so poor but that he can be made rich by it. A smile creates happiness in the home, fosters good will in business, and is the countersign of friendship.
It brings rest to the weary, cheer to the discouraged, sunshine to the sad, and is nature's best antidote for trouble. Yet it cannot be bought, begged, borrowed, or stolen, for it is something that is of no value to anyone until it is given away. Some people are too tired to give you a smile. Give them one of yours, as none needs a smile so much as he who has no more to give.... (Inputs from Tulsi Shastri, United Phosphorus Ltd.)
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e-Panorama
9th Dec‘ 06. Year1,Vol.6
Newsletter of Bharuch District Management Association Baroda Management Association (BMA) program All India Management Association (AIMA) in collaboration with Baroda Management Association (BMA) and Faculty of Management Studies (M S University of Baroda) as Knowledge Partner is organizing Shaping Young Minds Programme (SYMP). Four icon speakers would be addressing both students and professionals in management, to help them choose their career and find the right work environment. The speakers would be from different fields including Public Domain Corporate World Creative Field, Media and Sports / Adventures etc. and would narrate their experiences in an anecdotal form. These sessions would be interactive. Eminent speakers like Mr. Azim Premji,Ms. Kiran Majumdar Shaw, Mr. Arun Shourie, Dr. Devi Prasad Shetty, Mr. Sachin Pilot,Ustad Amjad Ali Khan, Dr. Kiran Bedi and several others have addressed 11 such programmes at places like Mumbai, Hyderabad, Indore, Kolkatta Delhi, Banglore, Ahmedabad, Coimbatore, Chandigarh & Kochi.
The programme will help young people to manage their career expectations and enter the corporate arena armed with confidence, experience and dynamic zest. Venue : C. C. Mehta Auditorium, M.S. University of Baroda. Date & Time : 5 January 2007 (Friday), 09.30am- 04.45 pm (Registration from 08.30am to 09.30am) Registration Fees (including lunch): Rs. 300/- per participant for Students & Teachers, Rs. 500/- for young managers. Rs. 5000/- for 25 members. Rush your entries on or before 01 January 07. Send your registration by cash or cheque in favour of Baroda Management Association
Baroda Management Association, 2nd floor, Anmol Plaza, Old Padra road, Baroda 390 015 (0265) 2344135, 2353364 (0265) 2332919
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e-Panorama
9th Dec‘ 06. Year1,Vol.6
Newsletter of Bharuch District Management Association
Interview with Warren Buffet There was a one hour interview on CNBC with Warren Buffet, the second richest man who has donated $31 billion (Rs.1,40,000 Crores) to charity. Here are some very interesting aspects of his life: He bought his first share at age 11 and he now regrets that he started too late ! He bought a small farm at age 14 with savings from delivering newspapers. He still lives in the same small 3 bedroom house in mid-town Omaha, that he bought after he got married 50 years ago. He says that he has everything he needs in that house. His house does not have a wall or a fence. He drives his own car everywhere and does not have a driver or security people around him. He never travels by private jet, although he owns the world's largest private jet company. His company, Berkshire Hathaway, owns 63 companies. He writes only one letter each year to the CEOs of these companies, giving them goals for the year. He never holds meetings or calls them on a regular basis. He has given his CEO's only two rules. Rule number 1: do not lose any of your share holder's money. Rule number 2: Do not forget rule number 1. He does not socialize with the high society crowd. His pass time after he gets home is to make himself some pop corn and watch television. Bill Gates, the world's richest man met him for the first time only 5 years ago. Bill Gates did not think he had anything in common with Warren Buffet. So he had scheduled his meeting only for half hour. But when Gates met him, the meeting lasted for ten hours and Bill Gates became a devotee of Warren Buffet. Warren Buffet does not carry a cell phone, nor has a computer on his desk. His advice to young people: Stay away from credit cards and invest in yourself. (Inputs from Mr. Mukesh Mehta, Heubach Colour)
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e-Panorama
9th Dec‘ 06. Year1,Vol.6
Newsletter of Bharuch District Management Association
::Editorial Committee:: Chairman Mr. Jayen Mehta, GNFC Ltd. Members Mr. Mukesh Mehta, Heubach Colour, Ms. Sheela Mistry, Insight Associates, Mr. G M Patel, Mr. G.B. Trivedi and Mr. R V Revar, GNFC Ltd. ePanorama Advisory committee Mr. R P Vyas -President, Mr.Kamlesh Udani -Past President, Mr.Ashok Panjwani -Vice President, Mr.K A Shah -Vice President
Bharuch District Management Association 601/602 Vaikunth Township, Opp: Polytechnic College Bharuch - 392 002 Gujarat - India Readers are welcome to send feedback, suggestions and articles/inputs by e-mail to Jayen@GNFC.IN
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