Friday 27 September 2013

Top 15 Symptoms of Dwindling Enterprises

'Symptoms are early reflections of vital facts
one must not neglect' - Dr V V Rao. 
  1. Growth taken over by greed
  2. Empowerment encroached
  3. Performance pathetic and tolerant
  4. Margins being cooked-up
  5. Deep pockets shrinking with negative cash flow
  6. Teams dysfunctional
  7. Phantom synergy between top and employees
  8. Relationships too much transactional
  9. Constructive tension missing in totality
  10. No room to Think and thinking
  11. Not allowed to 'Speak your mind'
  12. Dramatic 'Walking the talks'
  13. Cell phones and gadgets dominant - Meetings
  14. Too many Consultants around
  15. CEO's snack served alone in Business reviews
Unwieldy complexity often results from business expansions, complex delegation authority or bureaucracies that unnecessarily complicate an enterprise’s operating model, leading to sluggish growth, higher costs and poor returns.

By understanding and eliminating on the symptoms cited above list(15) CEO and Enterprises will be able to simplify enterprise strategy, product lines, organization’s structures, reporting relations, and decision making to serve their core customers better. Reduction in any of these symptoms opens up opportunities for simplification in others shall lead to revive the dwindling enterprises sooner and faster.

Friday 20 September 2013

Start loving your steps, talent, actions and your dream


Start loving your steps, talent, actions and your dream 
- you will be free from the fear of failure. Dr V V Rao

If you really want to know how to live, associate with children.

If you have none of your own, borrow some.

In Indian families we give preference to girls to marry them even though we are elder as a ritual to sacrifice our yesteryear for their future years. In our family also we did the same and we found a groom who can be the best for my sister ‘Lakshmi’. When my sister gave birth to her first child a baby-boy we nicknamed him ‘Resh’ whereas his actual name is Suresh. I am always afraid of touching small babies thinking that they were so very tiny and I may probably hurt them with my rough touch.

Now I know that they are not as delicate, if handled correctly. I found great pleasure in tossing ‘Resh’ up in the air so far that I could catch him, and he always seemed to enjoy the act. As I threw him up, he would laugh, take a deep breath, and then came down, snuggle into my arms and laugh like a giggling squeezed breeze, and in fact wait in anticipation of the next throw till I got tired. At times I used to feel it was like a big workout to bring back my rhythmic heart to a controlled beat.

I was amazed with the fact that he apparently had no fear, nor my sister any fear in her mind and heart and thus never stopped me from doing that. I think it was because she instinctively knew that I loved him; therefore she trusted me. Start loving your steps, talent, actions and your dream - you will be free from the fear of failure.

Have you ever been afraid of failing at something that you decided not to even give it a try? Or has a fear of failure meant that, subconsciously, you are undermining your own efforts to avoid the possibility of a larger failure?

All of us have experienced this at one time or many times in our lives. The fear of failing can be immobilizing – it can result in our doing nothing, and thereby resist moving forward.

Each one has a different description of what stoppage is, simply because we all have different benchmarks, values, and belief systems. A failure to one person might simply be a great learning experience for someone else.

For example, say that several years ago you gave an important report to CEO of a large group of companies, and you did very poorly. The experience might have been so terrible that you carried that fear of failure to other aspects of your life and thinking. And you carry that fear even now.

Every one of us prepares to prevent failures, for that we need to read a lot, we must listen to mentors and preachers, we study the core competent subjects in depth and we interact with people who are successful in their life so that we can reduce the fear factor.

Most of us will stumble and fall in life. Doors will get slammed on our faces, and we might make some bad decisions. But imagine if Tiger Woods had given up on his dream to play golf when he was going through difficult times in his personal life.

Start by setting a few small goals. These should be goals that are slightly, but not overwhelmingly, challenging. Think of these goals as ‘early wins’ that are designed to help boost your confidence.

For example, if you have been too afraid to talk to the new department head (who has the power to give you the promotion you want), then make that your first goal. Plan to stop by his/her office during the next week to introduce your-self.

Or 

Imagine that you have dreamed of returning to school to get your MBA, but you are convinced that you are not smart enough to be accepted into business school. Set a goal to talk with a school counselor or admissions officer to see what is required for admission.




Friday 13 September 2013

How one can ‘Stay hungry and Stay foolish’ ?

Things to do, habits to fix, dreams to achieve and peace 

to discover; A life to live - Dr V V Rao

Even if you have to fail, attempt something big so that you fail spectacularly.

‘Stay hungry, Stay foolish’ is what Steve jobs advised the graduating class of Stanford University in his commencement address to the class of 2005. And that is the spirit by which all the great dream chasers have lived.

A surgeon’s goal is clear: fix what is broken.

The feedback is immediate and continual: check heart beat monitor. The intense challenge is recurring, though no surgery is the same.

The operating room itself is designed to block out distractions. And because the risk is so great, a surgeon is in a state of concentration “so intense that there is no attention left over to think about anything irrelevant or to worry about problems. Self-consciousness disappears, and the sense of time becomes distorted.” All of these features create an emotional rush for surgeon. The only time a surgeon loses that level of engagement is when he or she gets into a position of rote repetition and game becomes predictable.

Flow and status-quo is the state in which we are so involved in an activity that nothing else seems to matter; the experience itself is so enjoyable that we will do it even at great cost, for the sheer sake of doing it. Three steps of managing flow:
  1. Collect things that command our attention
  2. Process what they mean and to do about them
  3. Organize the results and review as options for what we choose to and implement

Lakshmi Mittal: CEO of Arcelor Mittal, the world’s largest steel making company, Mittal is one of the richest men in the world and owns some of the planet’s most expensive homes. He started out working for his father’s business, but when “family differences” got in the way, he wasn't afraid to spread his wings and set up shop on his own. When India took home just one medal, a bronze, in the 2000 summer Olympics, this Indian tycoon made it his mission to support sport in his country, and pledged US$9 million to support 10 world-class Indian athletes. More recently, he invested £19.6 million in the Olympic Park Tower, the UK’s tallest sculpture. 

The triple beauty is that our mind keeps reminding us of things when we can’t do anything about them.

Effectiveness and execution is after all, not a subject but a self discipline. Dream chasers solve problems once. People, ‘Stay Hungry & Stay Foolish’ look at problems as generic to begin with, and try to solve them with rules that will be simple and easy to follow everyone, not just involved in the current issue.

Fujio Mitarai: Longtime CEO of Japanese camera giant Canon, a company whose fortunes were steadily declining until Mitarai took to the helm in the '90s. Concerned about retirement law and policies in Japan, he stepped up as chairman of Japan's powerful Keidanren business lobby, pushing the government to overhaul the tax system and social security, in order to "eliminate my own concerns over when I'm old." This is one unstoppable 75-year-old.

People, ‘Stay Hungry & Stay Foolish’ always rather than doing things right we must be doing right things right.

How to be a star at work: Feat without selling your soul to the gods of hubris. Stars are made, not born and they practice rigor of
  • Initiative
  • Networking
  • Self management
  • Perspective
  • Follower
  • Teamwork
  • Leadership
  • Entrepreneurial Savvy
  • Show-and-tell

Wale Tinubu: Dubbed, “The King of African Oil”, Tinubu is Chief Executive Officer and Managing Director of Nigerian Oil and Gas giant Oando Plc. He is an outspoken advocate for investment in the Niger Delta and improving basic education in Nigeria. An ambitious entrepreneur who started out with just one leaky second-hand oil tanker, Tinubu is now the driving force behind a multi-million dollar enterprise that is one of Africa's largest energy companies.

Stephen R Covey studied 200 years’ worth of self help, popular psychology, and self-improvement writings. He believes that “Management is efficiency in climbing the ladder of success; leadership determines whether the ladder is leaning against the right wall.” People who are Hungry & Foolish they bring excellence through
  • Being proactive
  • Begin with the End in mind
  • Put first things first
  • Always think win/win scenarios
  • Seek first to understand then to be understood
  • Synergise
  • Sharpen the saw (As my earlier post)

It is the individual who is not interested in his fellow men who has the greatest difficulties in life and provides the greatest injury to others. It is from among such individuals that all human failures spring.

Jim Sinegal: Founder and CEO of Costco, the third-largest U.S. retailer, Sinegal has proven year after year that his recipe for selling high volumes of a small variety of goods to members only is an unbeatable one. Sinegal has a habit of treating his employees extremely well, and stated many times that customer satisfaction is more important to him than pleasing shareholders. He spends 40 weeks of the year on the road, checking up on Costco's 582 stores around the world, wandering the aisles and making sure shoppers are happy and employees are not going anywhere.

Harvey Mackay has always been a “can-do” guy. After college, Mackay took an entry level job at a local envelope company and worked up into sales. Three years later, he bought a different small envelop company and turned into a $100 million business. His best selling business book sold over 4 million copies and in 35 languages.

He says people who ‘Stay Hungry & Stay Foolish’ may spend their most productive time staring at the walls: “if you discover one of your executives looking at the wall instead filling out a report, go over and congratulate him or her… they are thinking. It’s the hardest, most valuable task any person performs.

People, ‘Stay Hungry & Stay Foolish’ follow their intuition and you can define intuition as the way we translate our experience into action. Intuition is not some magical power or extraordinary mental attribute that some have and others don’t. Improved intuition comes from recognition of this unconscious routine and accumulation of real-world experience.

Seventeen Years-old Phoenix boy, who receives a letter from Dalai Lama, who instructs the teenager to go to India and fulfill his destiny as the reincarnation of an ancient Tibetan Warrior.   The boy agrees and begins a twelve year journey to becoming a monk. This decision is not expected guided by an internal compass. Many times we make decisions to change the course of our lives by following a hunch stemming only from passion, a direction not based in real-world experience but one satisfies some unfulfilled need.

Each of the stories may be different but at another level they are all same. The dream chasers took a leap of faith. Then struggled and strive for years.
The following is another dream chaser who ‘Stay Hungry & Stay Foolish’.

Tim Cook: When Steve Jobs resigned last year, he left some very big shoes to fill, but Tim Cook had had practice. Filling in for Jobs when he was at his most ill, Cook’s 14 years at Apple came to fruition when he was officially named CEO in August 2011. He may not have the charisma of his predecessor, but this soft-spoken Alabama boy works like a dog. He is said to begin sending emails before his morning jog at 4:30 a.m., and flew to China with no return ticket to sort out manufacturing issues. 

Friday 6 September 2013

The spirit of “SME”

Be early, you can make your mistakes while it is cheap!

Whether we have recession or the economy is booming, Subject Matter Expertise (SME) is the key to our success. If we cannot keep upgrading our SME, we are not going to weather the storm and in good times we cannot take advantage of the available talents.

We need to spend energy on effectively learning and evaluating our own skills and SME, however, without appropriate measurement methods, these efforts can be useless. SME is a collection of knowledge, skills, abilities and other characteristics that define effective performance for a job. SME is important and relevant way for executing the objectives that need to be developed both personally and professionally so as to be able to capitalize on our performance in life.

It was during that time the great naturalist Charles Darwin put forward his theories on “The survival of the fittest” and “The origin of species be means of natural selection”. His theory of evolution” shook the whole world. It was his SME that gave strength to Darwin to stick to his stand when the whole community was against him. It was because of the quality of SME that he did not deter from his stand. Time proved him right.

Throughout history, almost every culture has had art, pottery, sculpture, poetry, dance and music as a personal SME. The desire to master SME is not limited by era, nationality, creed, sex and nationality. When we realize SME needs to become a habit an activity we integrate into our dreams and we

  1. Continually recognizing what is vital for us and we are not dim, or even inaccurate, view of what is really important to us.
  2. Our believes firmed up with willpower, action with heart and a sincere desire to serve the world
  3. Able to see the current reality more clearly and not to be stuck because we keep pretending “All is well”.
  4. We are acutely aware of our ignorance, incompetence and development areas.
  5. We are able pursue emotional development to attain full potential of ourselves and SME.


David Ogilvy had three guidelines which he claims inevitably lead to success: Work twice as hard as other people; Work on jobs you enjoy most; Keep working and learning; do not even think about retirement His book Ogilvy on Advertising is a general commentary on advertising In early 2004, Adweek magazine asked people in the business ‘Which individuals - alive or dead - made you consider pursuing a career in advertising?’ and Ogilvy topped the list. The same result came when students of advertising were surveyed. His best-selling book Confessions of an Advertising Man is one of the most popular and famous books on advertising.

As an example, it is the beautiful house that you seek to own at the end, not the brick laying and cementing work. But, you need to remind yourself that, all the brick laying and cementing work is part of what makes that beautiful house in the end. Every little bit you are learning (SME) now counts toward realizing that end vision. It is just easy to lose sight of that because you are caught up in the daily micro-tasks that keep coming, one after another.

The problem starts when your SME starts slipping away from you. So keep going back to your SME (both physically and mentally). Surround yourself with things that reminds you of your end goal, it could be some vision board, pictures of others who have achieved the same goal, objects that represent the goal, etc.

Finally Subject Matter Expertise (SME) will eventually help achieving your dream to become a reality.