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Archive for the ‘Management Lessons’ Category

Finland is a country which has smoothly embraced rapid change from being an agrarian economy to being a knowledge economy. Innovation happens to be a key priority. India, on the other hand, is still grappling with the disruptive changes that the advent of the 4th Industrial Revolution bestows on its citizenry. It has earned global acclaim in the realm of “Jugaad”, which could be translated as either Informal Innovation or as Frugal Engineering.

INTERNATIONAL MINDS in FINLAND (IMiF) is a global community of 500 plus inquisitive souls whose IQ (read Intelligence Quotient, also Inquisitiveness Quotient) is rather high. It believes in co-aggregating and creating value in/with/for Finland. The community works with the single purpose of soaking in as much knowledge and wisdom as they possibly can from our vast universe. To this end, the community provides a platform for such persons of universal good will who would not mind sharing their knowledge and experience with them.

And that is how it came about that yours truly recently had an opportunity of interacting with some of the finest minds in Finland. While more than 500 luckier souls comprising the community continued to play the roles assigned to them in life elsewhere, a motley group of 5 singularly unlucky ones had to undergo the trauma of listening to some boring stuff dished out by yours truly. Their risk taking appetite surely deserves kudos.

While Lorena provided administrative support, Ludwig (Mylly´s CEO), Alexey (A professional who has mastered some of the intricacies between Russia and Finland, even in terms of logistics), Roman (IMiF´s Chairman and founder of TPOINT), Olavi (Young at heart, though an officially retired university professor), MARCO (co-initiator of IMiF) and Tim (An international business person), assembled at Mylly, a cultural centre at Kotka, to hear what yours truly from far off India had to convey.

Title of the talk

Surviving in the Corporate Jungle.

Key Takeaways

Analysis Paralysis

The role of intuition in decision-making can never be underestimated.

Meeting bosses half-way through

It is crucial to help one’s boss to keep his blood pressure under control.

Female Power

It pays to have gender parity at the work place.

His Master’s Voice

Avoiding being a Yes-man pays. Senior managers have the responsibility of registering dissent.

Overstaying One’s Welcome

Does the flight of your career appear to have rough weather ahead? Press the EJECT button in the cockpit.

Managing Stress

Build inner resilience. Meditate regularly. Do not allow garbage to get collected in the mind. Carry out a cleaning exercise every single day.

Quotients

Intelligence Quotient and Emotional Quotient are fine. What we also need to develop and use in business is our Spiritual Quotient.

Work Life Harmony

Avoid becoming a slave to technology.

Of Production, People and Ethics

Various leadership styles emerge. Charmless Charlies. Missionary Zealots. Road Rollers. Armchair Revolutionaries. Crazy Conformists. Sponge Comforters. Incumbent Chiefs. Super Chiefs.

Details can be accessed here.

A comment from one of the five wise men

Why is SQ (Spiritual Quotient) so very important in decision-making?

Being spiritual means one takes decisions which create a win-win situation for all stakeholders. Ethics and Values also come into play. In the long run, brand equity grows. So does shareholder wealth.

An example from the Tata-Benz collaboration during World War II was cited. Details can be found here.

(Others skipped discussing any other ideas, so relieved they were that the ordeal of listening to yours truly was finally over!)

The global nature of management thoughts

Managerial thoughts transcend national boundaries. Possibly because the principles of setting up and running an enterprise happen to be universal in nature. The core of the psychology of a manager also does not vary from country to country.

It is great to be able to share some experiential insights with, and also learn from, senior professionals who operate in another business environment and in a distinctly different work culture.

 

(Notes:

IMiF can be found:

In the public presence https://www.facebook.com/internationalmindsinfinland

In the private presence

https://www.facebook.com/groups/INTERNATIONALMINDSinFINLAND

Presentation based on my book ‘Surviving in the Corporate Jungle’, the English version of which was released recently.

This is how you can lay your hands on the Portuguese version of the book, launched in Portugal during March, 2016.)

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An annual get-together where families also get invited is a good idea to make people feel the humane side of the organization.

Plan entertainment of all kinds– primarily focused on kids–and see how much the parents love their day (or evening) out. Ensure that spouses hog the limelight – it is they who support the company’s operations in a silent but effective manner.

(Excerpt from my book ‘Surviving in the Corporate Jungle’, the English version of which was released recently.)

(This is how you can lay your hands on the Portuguese version of the book, launched in Portugal during March, 2016.)

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Females of almost all species would go to any lengths to protect their cubs. If you falter, they would be quick to tick you off. Let someone else get funny with you, and see how they react.

Never have qualms about reporting to the fairer sex. Take it easy. They are far more professional (and also compassionate) than you imagine. Multi-tasking comes easy to them, what with their having to juggle various roles with aplomb at all times – being a daughter, a wife, a mother, a home maker, a daughter-in-law, and a company executive at the same time. How they still manage to retain their sanity of mind is a potential subject of academic research.

Nature also gave them the exclusive rights for the perpetuation of our species. Encourage those who wish to re-start their careers after a post-delivery sabbatical.

However, managements would do well to avoid getting swayed by appearances alone and decide issues based on the merits of the matter being brought to their attention by those who belong to the tribe of the delicately nurtured. 

(Excerpt from my book ‘Surviving in the Corporate Jungle’, the English version of which was released recently.)

(This is how you can lay your hands on the Portuguese version of the book, launched in Portugal during March, 2016.)

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How many times can you kill your mother-in-law to avail leave?! Excuses for being late to work and for excessive leaves are a sign of weakness of will power and character.

Offering excuses for a fouled up job is just not done. Be bold, accept your share of the blame, and make amends.

To help your team to grow and zoom, get out of your ivory tower, try to redress their difficulties, and demonstrate your leadership qualities.

(Excerpt from my book ‘Surviving in the Corporate Jungle’, which covers more than hundred topics of interest to managers of all hues, shapes and sizes)

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ethics and values

We do not necessarily need a degree from Harvard to realize the difference between right and wrong. The Moral Compass within us is capable of telling us if we are on the right path.

Human values form the inner core of our personalities. These keep nudging us to be good human beings.

If ‘Values’ are the cause, ‘Ethics’ are the effect. If our value system is in place, our outward behaviour and conduct shall be ethical. Same is true of organizations, where the underlying culture determines the response of its key managers to tough business situations.

A company which believes in human values would handle a separation differently. When ramping down a business, good performers could get helped to secure career opportunities elsewhere. A star performer who has made up her mind to leave would get treated with great respect, thereby making her a valuable brand ambassador for the company.

In the Mahabharata, this is how Yudhishtira responds to queries by Yaksha:

Yaksha:

Which enemy of man cannot be conquered?

                  What is man’s persistent frailty?

                  Which man can be called moral?

Yudhishtira:

Anger is the unconquered enemy of man.

                  Greed is the persistent frailty.

                  That man is moral who seeks the good of all.

Values and ethics happen to be a crucial component of our Spiritual Quotient.

(Source: The Mahabharata of Vyasa, Transcreation by P Lal)

(Excerpt from my book ‘Surviving in the Corporate Jungle’, which covers more than hundred topics of interest to managers of all hues, shapes and sizes)

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Designations are not important in cases where the external exposure of the employee is minimal. They form the psychological part of an employee’s compensation package.

For those whose role demands an external exposure, a higher sounding designation would improve the canvas of opportunities, enabling a faster realization of the company’s goals.

For employees who have outlived their core utility in companies which believe in firing people only when there is a disaster of a nuclear nature, an improvement in designation would be an invaluable tool in the company’s Human Resources arsenal.

(Excerpt from my book ‘Surviving in the Corporate Jungle’, which covers more than hundred topics of interest to managers of all hues, shapes and sizes)

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conflict

An executive fighting his boss

– when he feels the top dog is wrong – is a good sign.

Executives fighting between themselves in the boss’ presence is also the sure sign of a healthy work culture.

Seniors airing their difference of opinion or berating their colleagues is an unhealthy sign.

We all remember the fable of a monkey which mediated between two warring cats and gobbled up the entire piece of cheese at hand.

(Excerpt from my book ‘Surviving in the Corporate Jungle’)

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