Life is a journey where you learn everyday. Not just what we read but every experience teaches us. I'll try to capture that.
Thursday, December 30, 2010
It's time to walk the talk in the new year
First is to regain my health situation. Need to bring down my cholesterol levels further and reduce 10 Kg in the process. Challenge is greater as it is expected be done without any 'exercise' and only with diet control. Given the strict diet control and my daily work life that is one tough ask.
Second challenge before me is to act upon the feedback I received and get my new career in swing. Again in order to achieve the annual objectives for June this year, I will have to complete the basics by mid February again.
All in all it's time to walk the talk. Let's see the progress.
Saturday, December 25, 2010
"Secret - It actually works"
Was I eyeing something specific? Absolutely not. But I had this strong desire for that. On paper I would have had the worse possible qualifications for landing with such an opportunity. My experience was in the field of proper marketing and my natural progression if at was either getting in to general management, hierarchycally grow in the current role I was in or may be to move in to another multinational for a similar role in the field of marketing.
If you asked me back in May if I knew as to where the opportunity would be the answer would be a big No! I and I alone only knew about it. As a prolific reader there was renewed focus on reading about international cross border transactions, more about Fortune 500 companies and international sales etc.
I was envisioning, visualizing myself playing a role of an international sales person, doing travel etc.
Then all of a sudden I was asked by a friend of mine as to I would like to "have a chat regarding a marketing opportunity" at a Fortune 500 IT company operating in the country. Without any serious expectations in mind I thought I should just have a chat. In preparing for the discussions I started updating my CV.
Once I updated my CV I did send it to the respective referees for their reference . Low behold one of them called back and said as to whether it is ok if he send my CV across to his company as their is an internal role which has become vacant. When inquired further guess what the role was all about. It was essentially a territory corporate sales management role which requires me to handle the home country and a another country. Further it too was a Fortune 500 IT company.
Here I am today doing a job very much in line with what I was envisioning 5 months back and enjoying every bit of it.
The best part is that yet again my career change has taken a completely different turn to a totally new area. Career wise whether it was the right thing to do was always questionable. But my decade old corporate history I've always made conscious choices to gain completely different experiences. I suppose only time will be the kiddie of that.
Friday, December 24, 2010
Getting feedback
Having a mentor is so critical for a simple reason. The coach, the mentor could see the obvious mistakes one makes. Those mistakes could be simple but yet critical in the final analysis of achieving result.
Today I received suchVehicle servicing feedback on my new job from a colleague of mine. Reflecting on simple observations he made me realize what I have been over looking for the past 4 months. I just realized how powerful the simple observations would be. I've given myself till end January to act on the rectification areas. Will be glad to share the progress with you in February.
Irrespective of whether you do good or bad at work, reach out and seek feedback. It van only help you.
Thursday, December 2, 2010
Blog status update
Feel free to share your thoughts or feedback on this posting under the comments column
Raising the bar with a new hire
However this becomes highly contextual. Common phenomena is to benchmark against the person who left to see for similar qualities in better packaging. That might be a recipe for disaster. Irrespective of how well one performs one to one match will and can only ensure continuity. While continuity might look stable in some instances it rarely raises the bar.
So what should companies do?
One needs to align the role in the context of organizational strategy and see what sort of a a person is required in terms of both technical competencies and soft skill set.
Also it is important to focus on the softer side of things more as the person is inheriting an existing culture. While the new head is certainly within his rights to create his own culture, how s(he) goes about doing it could very well make or break the team. Companies need to find some level of comfort about the cultural adaptability of the new hire as well.
Technical brilliance could mean nothing in an environment which requires a lot of team effort for the regular running of the business while certain situations demand technical brilliance more than anything else.
Having said that there are occasions companies would look for complete and overall re-hauling of departments!!!
Feel free to share your thoughts or feedback on this posting under the comments column
Sunday, August 8, 2010
Post 'Some One' Era - The real test of leadership
How is his team performing during post 'that person' era?
This is important in many facets.
Firstly, the real mettle of an individual's leadership capabilities could be judged in this scenario only. This becomes even more important in the context of the stage of the team the person has developed or s(he) is leaving behind. Some teams could be matured, others could be a mixture of new and old, while the third extreme could be a relatively young team.
Judgement too should come down contextually.
Is the team allowed to perform independently or is there conflicting peer pressures from other elements in the organization?
Level of influence of the new leadership for the degree of the current team performance?
The real judgement will come in the form of what each individual and collectively as a team they bring on to the table. Most likely the key decision making power will lie elsewhere (meaning with a another senior executive who looks in to the affairs or with the new leader). The ultimate results the team produces will and shall be determined and influenced heavily by the decisions made.
As a leader there are those who achieve results through sheer individual brilliance where the team becomes mere executors of orders. Others choose a different path of providing opportunity for the team to develop even at the expense of short term drawbacks. There is notihng right or wrong here. It depends on the stage of the organization and also it's immediate requirement. I've seen many during my corporate life who belong to both types. Most of them do belong to the 'individual brilliance' types. Their achievements are conceptualised, strategised and lead by the person him/herself only. (There are those who do not belong to either of these as well)
However there is only one sustainable approach to organization development. I think that is quite obvious.
Feel free to share your thoughts or feedback on this posting under the comments column
Saturday, July 10, 2010
Go the Distance - An essay to my team
As I've always said we can only be prepared to for the opportunities and evantiualities coming our way. Trust me this is one eventuality they've been groomed for, for a long time!
Feel free to share your thoughts or feedback on this posting under the comments column
Thursday, June 24, 2010
Building Teams - Part 2 - Approach and Results
Let me quote the last para of a previous blog entry....(http://www.dassaonline.com/2009/12/building-teams-part-1-assuming.html)
"One of the greatest reward capacities that you have at your disposal as a departmental head is your ability to give them opportunities to perform tasks. Do not undermine this. It is a major tool you have, provided you use it right. Check for their aspirations and also try to identify personal gaps, meaning personal developmental needs of your team members. Some companies have a policy of only developing 'requisite' technical skills. This is not a smart move at all. As much as possible develop them for their full potential. It pays for the company and adds value for the team as well. Speak to them regularly about their gaps and more importantly about the progress they are making if any. Give them assignments and projects, allow them to make certain mistakes. Seek their feedback regarding important tasks and acknowledge good suggestions and reward such initiatives through public praise. People do respond to this and it creates a want to be part of a team."
I just cannot reiterate how true this has been and it's wonderful to see this approach being successful on two others as well. It's a great feeling.....
As a leader one needs to work on his or her people. That's probably the most important job at your hand. Some feel insecure in doing this thinking that their apprentices might outshine them or out perform them. Guess what you should be the happiest if that happens! You've been successful in what your suppose to do!
While tasks or projects provide new colleagues with the opportunity to learn and grow, on most occasions the growth predominantly revolve around technical areas relevant to the job. While that has become a given, in today's context the requisite soft skills have become paramount to the success of the individual. It's not just the traditional soft skills such as presentation or negotiation skills. One needs to groom them on handling people, situations and even yes corporate politics!
Importantly it is not about trying to mold the person to your way of thinking. Dialogue has to be regular and contextual. While invariably you need to share with them your take on the matter it is also important you explain the rationale behind your judgement. Further you should also highlight the other options you considered and highlight as to why you preferred what you thought in this context over the others.This allows them to make their own judgment regarding the situation without being forced to do so. Be open to their questions and create and encourage a culture of candor where they ask questions regarding 'silly' soft issues. That's the speedy way to groom them.
Feel free to share your thoughts or feedback on this posting under the comments column
Sunday, June 20, 2010
Life is always about choices
There are always options. You are a fool not to consider them. But what if the options are plenty. Do you wait for the ideal? After going through life for a meaningful time, I've come to realize that there are times you need to make a call, with given information at hand. At times you might have all odds stacked against your belief. But if you see things differently with facts (obviously based on certain assumptions that the others do not agree) and something inside you strongly tells that you need to just go ahead and do it. If it is successful its great. If you fail at least the decision is yours and you are more prepared to face the consequences.
Feel free to share your thoughts or feedback on this posting under the comments column
Thursday, June 3, 2010
Good to be back
Wednesday, May 19, 2010
What vegetable growers can teach you about risk management and stock market
Depending on the price they fetch for a certain type of vegetable, the farmer communities tends to grow that vegetable during the next season. You know what? At the time of harvesting the particular vegetable is in abundance in the market thus driving down prices resulting some farmers making losses.
According to the co-operative officials month after month it is a similar trend and a result they see irrespective of the farmers being educated about the trend. So what drives them? It is their emotions. When confronted with this question one farmer said irrespective of any logic when the potential to earn higher is available to you they tend to take the risk. When confronted with a subsequent question on why repeat the same mistake he just shook his head. Isn't this all too common in everyday life too and specially when you are dealing in the stock market?
Another method of managing such a risk on perishable items is to grow the same vegetable but segregate the area of growing and grow it at different intervals with slight delays. For example instead of growing the identified vegetables across your entire land extent you could divide it into several blocks (number depends on the size of the land) and then grow the veggie in each land plot with fortnightly gaps in between. This would result in harvesting being spaced out and mitigating whatever the sudden price drops in the market because vegetable prices fluctuate on a daily basis in the local market. However, I was told that even this method is difficult to practice among the farmers. They tend to maximise profits and nine times out of ten face detrimental price situations due to over supply. Food for thought indeed.
Feel free to share your thoughts or feedback on this posting under the comments column
Apprentice Update
Feel free to share your thoughts or feedback on this posting under the comments column
Monday, April 19, 2010
Take the rough road to sharpen your skills
Sunday, April 18, 2010
Goal Attainment - Yeah I got my Cholesterol levels under control
Wednesday, April 14, 2010
Corporate Training, What's wrong with it?
Sunday, April 11, 2010
Be open to learning everyday
Saturday, April 10, 2010
Polarized Service Experiences
Service aspect of the business is one such thing that seems to be talked less these days. Two recent experiences clearly depicts how true this phenomena is and why one cannot take this element for granted! Essentially it differentiates between owning and loosing a customer. Lessons to be learned for every business.
Thursday, April 8, 2010
Cycling - what it can teach you about endurance
Sunday, April 4, 2010
You're hired
Tuesday, March 16, 2010
Apprentice Update
Thursday, February 18, 2010
Opportunity Never Knocks Twice - A session by Nahil Wijesuriya
I've heard a bit about this businessman but what was dished out was never expected. He was both candid and blunt with his views.
I walked in to the room when he was explaining how he used legal framework to create never seen opportunities by many. For example long years ago when government owned Petroleum corporation had a monopoly over oil bunkering in the country, he went ahead with his own bunkering operation from a barge in the sea. His rationale was that according to the law the territorial boundaries of Sri Lanka for bunkering purposes was confined to 11KM from the shores of the country. Thus he started operating his business with a barge anchored (according to him in 3KM deep sea you cannot anchor a barge )11.5 KM from the shores of the country!!!!
In another example he was explaining his appetite towards taking on the big guns in the business world and giving a good fight for them. He detailed out how he took the fight to the largest corporate organization in Sri lanka on two different business issues. One was regarding a oil bunkering business and the other was a condominium issue for which he took the lead. When the interviewer asked the inevitable question of as to why he loves to pick a fight with the biggest, his answer was he just liked it.......(Later on as a another friend mentioned, reminds her of Branson type of Psyche)
Another key aspect which dawned upon me was that all businessman of this caliber tends to size up situations very quickly and just go ahead with some of the deals (as oppose to countless number of evaluations performed by regular corporates) seemingly with their gut. He explained a formation of a freight forwarding and clearing business where one of the employees of a supplier who approached him wanted him to start up a business in this particular line. Instead of him starting on his own he suggested to the guy to come on board as a shareholder of the company. When the guy said he only had small amount of cash (Rs. 16,000 (approx 97 USD) , he told the guy to throw in that money and that he would contribute the same while inviting another 3rd party to contribute a similar amount. Apparently he organised a deal for the the guy on the same day which gave them a profit which was several times over the equity of the firm. So he says the business began to blossom. This reminded me of Robert Kiyosaki where he says "Tie up the deal first and then we'll work out the money" (in his book "Before You Quit Your Job")
According to him he does not carry any emotional attachments to any of his businesses. He would get in to a business if he likes it and he sells when he gets bored with the day to day activities of it and if the price is right. This guy has done this many times over!!!!!!
According to him many pass over business opportunities because they are afraid of the seemingly difficult and complex laws surrounding them. But according to him that is where the opportunity lies for the true entrepreneur. He says one needs to scrutinise the relevant laws very carefully before giving up on a particular opportunity. "More often than not you find a loophole or a work around to suit your requirement", he opined.
When asked about his family life he said you belong to one of the extremes, which is either you are an extremely family oriented man or as in his case you are a business junkie!
When the interviewer asked about the failures in his business life, he could only recall one instance where one of his companies had to be liquidated by him. Not a bad track record for a guy who keeps taking on new business challenges.
Reflecting upon the discussion it dawns upon me that he is very much the local version of Donald Trump or a Richard Branson! Out spoken, renegade types who thrive on money and other things in life! (Trust you know what I mean)
Having said all that it was an hour's business master class no doubt.
Wednesday, February 10, 2010
Endurance – Lessons for business life – Intro
The expedition is expected to take roughly 16 days to reach the base camp while the return journey is expected to take approximately 5-6 days through a different route. The expedition party consists of a majority of men and few women who are in their mid forties to mid fifties!
The individual I was talking to was a professional corporate trainer cum coach and he was telling us that from a journey point of view the hardest part would not be the 16 day ascend to the base camp but rather the 5 day descend! While the journey on your way up is expected to push all your physical boundaries and wear you off the way back is expected to be doubly tough with your then existing physical condition. Another colleague of mine endorsed this fact by drawing parallels with his experience in climbing the Adams peak!
The point that hit me most was when he said in spite of all odds, it is more in the mental rather than the physical game that you loose out. According to him there are many youngsters who fail the expedition in their over enthusiasm and personal pride. (Apparently there are many Chinese and Japanese who fail this because of personal pride superseding ground realities). Many people fail due to momentary lapses in concentration which leads to making minute mistakes like a wrong footing etc which leads to serious injuries. He was also citing one of his recent experiences in Sri Lanka where during the final stages of an expedition through a local mountain range how people began to take things easy and loose concentration and thereby failed to complete the effort through injury etc.
Driving back home yesterday I was thinking about the relevance and impact of this subject in our day to day business life. I hope to dedicate a future blog entry on some of the reflections in this regard.
Monday, February 8, 2010
"Apprentice" Style Interviewing - Not a bad approach to recruiting
There was an opportunity created for a newcomer in my department recently. After considering my requirement HR department forwarded four candidates. One of the candidates was not up to mark and was rejected outright. Irrespective of my gut and first impressions, I decided to test them with a short essay challenge. Each individual had his/her merits and demerits. However even after going through all three essays, I wasn't convinced of the right candidate.
I did something totally new for me, something I haven't done in an interview prior to this. I decided to put them them through an 'apprentice' style project. Together with my colleagues we decided on a project which requires the candidate to go through an assignment where (s)he will have to,
- Draft a questionnaire based on a brief
- Find his/her own transport to reach a designated outlet
- Conduct interviews on the supermarket floor by talking to shoppers,
- Come back to office
- Based on the response to the questionnaire to conceive a creative idea
- Brief the creative agency on the requirement
- Work with the agency to finalize the concept
The first candidate went through the process today. My team went about the task of managing the candidate well. I will not comment on his/her performance today given it is an ongoing process. But truly believe it is very good way to conduct interviews. Let the best person get the job!