Leader
Monday, June 30, 2008
ICICI Bank wins. Again.
After all, India's largest private sector bank was going against the conventional wisdom that the Great Indian Salary Boom will continue despite the slowdown signals. The general consensus was that ICICI Bank was being foolish as the talent shortage and emergence of new job opportunities will ensure an exodus from the bank.
ICICI Bank, however, went ahead and gave a moderate 8 per cent increase in salaries (11 per cent last year), skipped promotions and slashed bonus payouts. Three months later, Ram Kumar, ICICI's group head of human resources, says the bank's attrition rate hasn't gone up -- even marginally.
In short, the Great Indian Salary Boom story will have to take a pause for at least some time to come. The economic boom in the last four to five years meant companies had to go in for premium pricing of manpower and sometimes 'overskill' themselves, as no one wanted to miss out on the opportunity the economic growth could provide.
ICICI Bank also did just that.
Read more.
Brand DHL
Cleared by the Civil Aviation Authority of Singapore to fly 40 storeys high, the balloon will start taking passengers. At $23 for a 10-minute ride for adults, and $13 for children, passengers will be sent floating up into the air on a balcony. They will have a 360-degree panoramic view of the Singapore skyline. Some 250,000 people are expected to take to the skies in its first year, generating some $3 million in tourist receipts.
Manufactured in France, this balloon system is the only one of its kind approved and certified as an aircraft.
The Need For Choice
In a retail format the decoration, style, look and feel, the options and variety you provide differentiate your store from others. You need to meet the customer’s expectations, choices, whims and fancies. The more the choice the more chance for the customers to walk in.
Brand Conflict?
If the brand is not famous then you need to concentrate on the use or benefit to the viewer. But if the brand is famous then you can sell the brand. The one on the left has bigger brand name and smaller letters. The right ad shows the reverse. Initially you may need to use a combination or need to right concoction.
Remember Shobhaa De's book cover where the font of her name was larger than the title of the book?
Pics of these billboards taken were on Mint road, Hyderabad
Truly Inspirational
My name is Nick Vujicic and I was born without limbs and doctors have no medical explanation for this birth 'defect'. As you can imagine, I was faced with many challenges and obstacles. Their firstborn son had been born without limbs! There were no warnings or time to prepare themselves for it... The doctors were shocked and had no answers at all! There is still no medical reason why this had happened and Nick now has a Brother and Sister who were born just like any other baby. I know that there is no such thing as luck, chance or coincidence that these 'bad' things happen in our life. I had complete peace knowing that God won't let anything happen to us in our life unless God has a good purpose for it all.
I am now twenty-three years old and have completed a Bachelor of Commerce majoring in Financial Planningand Accounting. I am also a motivational speaker and love to go out and share my story and testimony wherever opportunities become available. I have developed talks to relate to and encourage students through topics that challenge today's teenagers. I am also a speaker in the corporate sector. I have a passion for reaching out to youth and keep myself available for whatever God wants me to do, and wherever He leads, I follow. Writing several best-selling books has been one of my dreams and I hope to finish writing my first by the end of the year. It will be called 'No Arms, No Legs, and No Worries!'
I believe that if you have the desire and passion to do something, and if it's God's will, you will achieve it in good time. As humans, we continually put limits on ourselves for no reason at all!
Break the barrier and stay hungry!
Sunday, June 29, 2008
Half-Right to Full-Right
People look to use them for their own good. Doing it wrong everytime spoils the process. Unfair means, loopholes become part of the process. People will see you as a second rate company, providing second rate service and employing second rate people. Credibility is lost, talent is lost and standards are comprimised. This effect will spill over from one process to another and everything would go down in a spiral.
So start by stopping the first instance of being half right.
Scared of Inflation? Think Again!
But India is not the only nation grappling with rising inflation. The entire world is.
Worlds worst hit:
- Zimbabwe: 355,000%
- Iraq: 53.2%
- Guinea: 30.9%
- San Tome and Principe: 23.1%
- Yemen: 20.8%
- Myanmar: 20%
- Uzbekistan: 19.8%
- Democratic Republic of Congo: 18.2%
- Afghanistan: 17%
- Serbia: 15.5%
Read more.
The inspiring rags-to-riches tale of Sarathbabu
He was inspired by his mother who once sold idlis on the pavements of Chennai, to educate him and his siblings. It was a dream come true, when Infosys co-founder N R Narayana Murthy lit the traditional lamp and inaugurated Sarathbabu's enterprise.
Sarathbabu was in Chennai, his hometown, a few days ago, to explore the possibility of starting a Foodking unit in the city and also to distribute the Ullas Trust Scholarships instituted by the IT firm Polaris to 2,000 poor students in corporation schools.
In this interview with rediff.com, Sarathbabu describes his rise from a Chennai slum to his journey to the nation's premier management institute to becoming a successful entrepreneur.
Read more.
India to be No. 1 in Manufacturing
A global survey of corporate investment plans was carried out by KPMG International. Corporate investment strategists from over 300 of the largest multinational companies in 15 major economies were asked where they plan to invest in the next 12 months and in five years' time.
This trend-setting survey suggests a major shift of capital flows from the USA, Japan and other European countries to the BRIC (Brazil, Russia, India and China) countries, in the next five years. Significantly, while 10 per cent of the companies surveyed expect to invest in India currently, that number will go up to 18 per cent in five years -- the biggest gain amongst all other BRIC countries.
Further an increasing proportion of investments will flow into industrial products and manufacturing in India. Interestingly, 64 per cent of the investment into India is expected to come from new entrants to the country.
India, according to the survey, has the potential to play an even more influential role in flow of capital and it's a great opportunity for India to further improve the economic and fiscal climate and attract and retain investments in its growing economy.
Read more.
World's 10 biggest shopping malls
While footfalls in most malls are increasing by the day, the volume of actual sale remains more or less static, barring the festive seasons, when sales shoot up. But this too is restricted to select outlets. However, there is no denying that shopping malls have become an indispensable part of our lives, today.
World's 10 biggest shopping malls
- South China Mall, China
- Golden Resources Shopping Mall, China
- Central World, Bangkok
- The SM Mall of Asia, Philippines
- Dream Mall, Taiwan
- West Edmonton Mall, Canada
- Cevahir Shopping Centre, Turkey (Largest in Europe)
- SM City North EDSA, Philippines
- SM Megamall, Philippines
- Berjaya Times Square Kuala Lumpur Shopping Mall, Malaysia
Listed here.
Motivation?
Man Builds Car From 956,000 Matchsticks
Man Builds Full Scale F1 Car From 956,000 Matchsticks. Michael Arndt is a man of matchsticks.Over the course of six years, using 956,000 matchsticks, 1686 tubes of glue, and at least three different varieties of mustache, he built a full-scale replica of a McLaren 4/14 F1 car at a cost of around 6000 Euros ($8,725). The giant model takes up Arndt's entire kitchen and probably his social life. It can be broken down into 45 parts for easy transport to various matchstick-builders conventions.
Saturday, June 28, 2008
Half-Right to Full-Right
Move over Nano, Tiny is here
A daily 6-hour charge enables bikes to travel 80 to 100 km, whereas the cars (all variants) need 8 hours of charging to cover the same distance.
Obama Againist Outsourcing?
Source.
World's most expensive Pen
Each pen has 840 diamonds and more than 20 carats of gemstones set in a Van Cleef & Arpels patented 'Mystery Setting' that conceals the stone settings. There are three variations of the pen, set either with rubies, sapphires or emeralds, and accented by diamonds. Artisans took over 18 months to create this pen.
Indian Pharma Business
Ranbaxy was one of those majors in Indian pharmaceuticals industry, actually shaping up well and nicely positioned to be really global in its operations. In fact, it reflected as an icon of pride in an average Indian's psyche. I am not sure any Indian would be jubilant about Ranbaxy being sold out to foreign interests. It is not about Ranbaxy going MNC now. In the context of India's huge population,health concerns and needs for quality health care and medicare, availability of a range of medicines and drugs is a critical issue. Ranbaxy, with an Indian identity, would have met that need fully. Would have even led medical research in a meaningful way relevant to the Indian masses. Commercial priorities being what they are, especially in international business, it is doubtful that Ranbaxy's role, seen in this context, will be as maintenable any more. Promoters anywhere decide their own priorities.
The only good thing is yet another Indian name goes among the richest. But,in a way, it is a dampener on India's growth aspirations! Take overs, mergers, acquisitions etc. of Indian companies, of any sector, by other globally rich and powerful corporate entities make good news on business pages, but they also rob the corporate's root-country's people of opportunities they might have otherwise had. Such activities may be normal in the corporate world, but commitment to one's own society could also prevail over lucrative deals. This pattern of globalization does not do us good.
Brand value helps you to get more investments and pool them to fund more research, distribution network, downsize costs and reduce prices. All this is possible only if the company wants to do so. If all they are looking for is profit then it does us no good.
Top 10 Hollywood Movies
- Get Smart
- The Incredible Hulk
- Kung Fu Panda
- The Love Guru
- The Happening
- Indiana Jones and the Kingdom of the Crystal Skull
- You Don't Mess With the Zohan
- Sex and the City
- Iron Man
- The Strangers
Listed here.
The Top 10 Business Bestsellers, June 08
- WHATEVER YOU THINK THINK THE OPPOSITE Author: Paul Arden
- A BIAS FOR ACTION: HOW EFFECTIVE MANAGERS HARNESS THEIR WILLPOWER, ACHIEVE RESULTS, AND STOP WASTING TIME Authors: Heike Bruch and Sumantra Ghoshal
- BLINK: THE POWER OF THINKING WITHOUT THINKING Author: Malcolm Gladwell
- EARTH: THE SEQUEL Authors: Fred Krupp and Miriam Horn
- BRAND SENSE : HOW TO BUILD POWERFUL BRANDS THROUGH TOUCH, TASTE, SMELL, SIGHT AND SOUND Author: Martin Lindstrom
- POUR YOUR HEART INTO IT : HOW STARBUCKS BUILT A COMPANY ONE CUP AT A TIME Author: Howard Schultz
- 10 RULES FOR STRATEGIC INNOVATORS Author: Vijay Govindarajan
- THE CORPORATION THAT CHANGED THE WORLD: HOW THE EAST INDIA COMPANY SHAPED THE MODERN MULTINATIONAL Author: Nick Robins
- EINSTEIN : THE LIFE AND TIMES Author: Ronald W Clark
- JALEBI MANAGEMENT Author: Shombit Sengupta
Listed here.
Friday, June 27, 2008
Its Mall time
Consumption rates are growing at 29% in India with Bangalore 22%, Mumbai 36%, Delhi 20%, Chennai at 16% and Hyderabad 45%.
Fuel Price Rise? Think again.
Diet Snapple, 16 oz, $1.29 ... $10.32 per gallon!
Lipton Ice Tea, 16 oz, $1.19 ... $9.52 per gallon!
Gatorade, 20 oz, $1.59 ..... $10.17 per gallon!
Ocean Spray, 16 oz, $1.25 .. $10.00 per gallon!
Brake Fluid, 12 oz, $3.15 .... $33.60 per gallon!
Vick's Nyquil, 6 oz, $8.35 ... $178.13 per gallon!
Pepto Bismol, 4 oz, $3.85 . $123.20 per gallon!
Whiteout, 7 oz, $1.39 ......... $25.42 per gallon!
Scope, 1.5 oz, $0.99 .....$84.48 per gallon!
Evian water, 9 oz, $1.49 ...$21.19 per gallon! and the buyers don't even know the source
(Evian spelled backwards is Naive.)
Ever wonder why computer printers are so cheap?
So they can hook you for the ink. Someone calculated the cost of the ink at, you won't believe it but it's true; $5,200 a gal.
So, the next time you're at the pump, be glad your car doesn't run on water, Scope, Whiteout, Pepto Bismol, Nyquil or, God forbid, Printer Ink!
Bill Gates
Passion, commitment and sheer will power is what you need to realise your dream. Bill has done all that and more.
Tribute to Field Marshal Sam Manekshaw
Field Marshal Sam Manekshaw (1914 - 2008)
Thursday, June 26, 2008
Repetition is Boring
Wednesday, June 25, 2008
Nano? Na na!
I wouldn’t wait for Nano till 2011 if I wanted a cheaper car. Is the worth the wait? I don’t think so. It cant be used on the highway as it wont go fast. It looks cheap. I would be having ‘CHEAP’ or ‘POOR’ message right across my chest. It runs on petrol! Unless they come up with a dual version. I would prefer to go to Rewa, the magic car, as many are discovering. Its beats many cars on many counts: cost, space, ease and style. Would you like to go for something that is not tried and looks poor or would you like to go with something that assures satisfaction. Another contender is the Maruti DUO.
Pics: images.paultan.org
Taste vs Health
Image Sells
A student with good grades stands a better chance over others. A batsman gets iconic status and more pay package as it happened in the IPL. An established actor a better role (Aamir Khan once mentioned he could pick and choose the roles only after 10 years into his career), a well dressed person better seat in a restaurant, respect and so on. So image is important to get through the initial hurdle. The package helps sell the product, the presentation and decoration the dish, the ice the cake and so on. It applies to everything you see in daily life, both products and services. Even if the actual product is good it may not sell if the package sucks. The first look, feel, sound, touch i.e. the first impression or interaction should be something that would be remembered. It should have an impact, a strong one so that it generates the momentum to push the deal.
But only time will tell if the effort was worth it and the choice was correct. When selecting one needs to look beyond the visible and then take the decision.
Monday, June 23, 2008
Fuel Price - OPEC
In his statement, he also said that OPEC have never tried to shoot the oil prices towards north - he lays the blame of the present oil crisis on speculators. He also said that countries levy huge oil taxes and then sell to their citizens thus pushing up oil prices. In India, government adds atleast Rs. 10 towards the price of petrol and then gives a lot of subsidies in this regard (due to the sudden rise nowadays)! All his arguments may tempt people to think that oil prices will go down………Due to increased supply by Saudi Arabia and subsequent cooling off. But some oil analysts and economists beg to differ.
Not only is crude oil technically very strong but it might just go all the way to $145 - $148 if a short selling comes in oil in the next few days. Short selling essentially means- when people take a bet that oil prices will fall. When their bet is successful, they speculate even more. Finally at unresistable rates all their bets reverse due to market forces which compel the oil prices to rise one-way. Therefore, it is expected that perhaps, oil prices may rally to $148 a barrel in the near future.
In this time of uncertainty, it would not be wise to call the shots so early. Rest all depends on the forthcoming meeting between OPEC and Federal Reserve (of US) later this month.
Source: Yahoo Groups
Saturday, June 21, 2008
Delloitte's Impact Day
When people in responsible positions make it a point to go out and bring a change in the lives of others it is a welcome measure. Many cities in India have multi-storeyed buildings and people working in air-conditioned offices who act oblivious to the slums and suffering of the people around them. Instead of turning a blind eye they could step out and help them. With great relationships you get something more.
Delloitte’s day out was optly called Impact Day. Now the point is who had the impact: the children or Delloitte! Good work Delloitte.
Too Much Pressure
--- Paulo Coelho in Maktub
Half-Right
Half-Right is when you
- Don’t try to help
- Give up
- Hate work
- Ignore
- Are satisfied when you know you can improve
- Follow the process for the heck of it
The Bank Account of Life
It carries over no balance from day to day.
Every “evening” deletes whatever part of the balance you failed to use during the day.
What would you do?
Draw out every cent, of course!
Each of us has such a “bank”. Its name is TIME
Every morning, it credits you with 86,400 seconds
Every night it writes off, as lost, whatever of this you have failed to invest to good purpose
It carries over no balance
It allows no overdraft
Each day it opens a new account for you
Each night it burns the remains of the day
If you fail to use the day’s deposits, the loss is yours
Source: FFO
Thursday, June 19, 2008
Hike In Air Fares Announced
Read more.
Meet Pragjyoti Samal
Pragjyoti Samal, a 24-year-old computer engineer from Bhubaneshwar, Orissa, is the first person to win Rs one crore on Star Plus' Kya Aap Paanchvi Pass Se Tez Hain.
Answering to the question: Do you think your lifestyle will change now?
She said, " I don't think so. I am a simple person. When we used to hangout with friends, we would think twice before going to Cafe Coffee Day. Now, that will not be the case.
When I returned to Bhubaneswar from Kolkata, my train got cancelled due to heavy rains. I spent the whole night on the platform. The next day, it was cancelled again but I waited for the train. If it is urgent, I travel by flight but if I have the time, I will not spend money unnecessarily."
Read full story.
Waiting for Rahul
Hollywood: Bollywod Touch
Anil Ambani's Mumbai-based conglomerate, Reliance ADA – one of the biggest producers of Bollywood films – is planning to invest more than $500m (£255m) in Spielberg's production house DreamWorks SKG, which the Schindler's List director runs jointly with David Geffen. A cash infusion of $500-$600m from Reliance ADA, with debt financing of a further $500m, would allow an independent DreamWorks to produce half a dozen movies a year.
A Reliance subsidiary said it had signed agreements with several major Hollywood stars, including Jim Carrey, George Clooney, Tom Hanks and Brad Pitt, to help fund movies through their independent production companies.
Read the full story here.
Handling Pressure
'Breaking' News
Media should not be allowed to SHOW how the crime was committed in the form of a documentary as if it was the Dandi march of the Mahatma. Many channels broadcast these sleazy, extremely detailed versions and enact the crime on the screen. Doing this is no different from selling porn.
Dare Devils in Real Life
Adidas + Sania
Pic: FFO
What Change can do without
Change does not need:
- Head strong people
- Initial success
- Large team
- Extra work
- Advise
- Laziness
- Meetings
- Agenda
- Long lectures
- Huge strides
- Quick results
- Applause
- Drastic
- Public support
- Naysayers
- Huge capital
If you don’t change, you will be changed
Top – Shelf vs Top – Class
Top-shelf means that the stuff is just above others while top-class means it is ahead of others. Now what do above and ahead mean? The heat is above 100 F while Sachin is world’s leading batsman. Both mean that the subject is performing better than others. But when you use them and how you use changes the meaning.
Negative Feedback
Sometimes you are subjected to strong negative feedback. Don’t feel bad about it. You may find these pointers useful in handling it.
- Listen patiently as to what the person has to say
- Find out what are the mistakes
- How could, should this be done
- What could have been avoided
- What are the pain areas
- What are the OK areas
- Background of the person giving it
- Time, place, situation, audience, purpose of the feedback
- Is it being compared? If yes, what can you learn from it
- Ask what they expect from you
- Be polite, patient
- Make notes
Negative feedback means:
- You have underperformed, people expect more from you
- You could have performed better
- Proper thinking, planning, implementation was not given
- First rate person doing second rate work
Last of all make it a point to improve and check if it pleases them or you can simply forget and move on. These people actually took some time and want you to improve.
People who give negative feedback help you improve.
Painful Customers
To diffuse this situation you need to first apologize. No matter whose mistake it is, apologize. Then listen to them patiently, check what pains them and address it. Be careful about what you speak.
Few observations about the people who crib:
· They are tired, unhappy, childish
· Carry burden, emotions, stress
· Work in the service sector
· Stinking rich & feel they own everything
· Attention seekers
· Egoistic
If you have any suggestions do comment.
Wednesday, June 18, 2008
Fuel Price Rise: The Snowball Effect II
I think people dont wait to charge more. They always look for a chance to charge more. So I think the effect would be much earlier than Diwali season unlike what Economic Times felt.
Needs of Change
Change needs…
- Attention to detail
- Love for work
- Passion
- Motivation
- Observation
- Efficiency
- Energy
- Hard work
- Courage
- Power
- Initiative
- Time
- Effort
- Concentration
- Views
- Team
- Positive frame of mind
- Thought
- Persuasion
- Will to succeed
- Consistency
- Continuity
- Patience
- Determination
- Assertiveness
Change needs YOU!
Military Space Program
The point is how successful US was in hyping the danger of this defunct satellite falling down and causing devastation. They kept on showing concern, creating fear so that their testing program goes unhindered. The promotion activity of this fear was successful, well planned and executed.
Half-Right to Full-Right
Though achieving full-right is not always possible it’s the effort that counts. The passion, the will to be full-right should always be there. Quality standards, integrity, commitments, HR policies, Brand & product descriptions should always be nearer to full-right. Remember half-right is NOT acceptable.
CHANGE
The person who discovered earth is round was scorned at. Everytime you try to change things people dont like it. No one likes to be shifted, moved out of the comfort zone, told to change. You need guts to initiate and do something different. Once you start doing it, you will have followers, people who love you, adore you and respect you. They will follow you.
The quantity of the change, magnitude do not matter. You may change the way you dress, the way you speak, the way you work, the process you are told to follow. As long as it leads to efficiency and positive results you should opt for it.
So what are you going to change today?
Tuesday, June 17, 2008
Dieting Anyone?
You see I'm trying
Why Buddys Are Important
Most of the times you find that the salesmen end up giving too much importance to the person who has the wallet or dresses well. May be that day all others who accompany the buyer are not digging into their pockets but the attitude decides whether I want to come to your store or not. Yes if treated well I would trace my steps back. If not I would remember that for sure. Many times it happens when you go to the store, restaurants, window-shopping with friends or family or when you are just showing them around. People behave as if they are being charged to smile.
Your attitude matters. It happens in the interviews as well. You need to be courteous and attentive to all the people in the panel and not only with the one in the suit or sitting in the centre. It shows what you are made of.
Why You Can't Trust Surveys?
So next time you are reading a survey and statistics you should read with a hunch. If you are conducting one provide a chance for being real, give anonymous as an option.
Be THE Change
“If I have been administered either a verbal or written schedule, then I consider it my absolute compulsion to adhere to it.” Amitabh’s Blog – Day 53
No wonder his quality of maintaining time is mentioned by everyone. People take you seriously if you stick to the time schedule. Just try to walk in to the meeting 5 minutes early, back to your seat from lunch - 5 minutes early, appointment – 5 minutes early, give that report – 5 minutes early. You may need to work hard to meet this deadline but keep a smile on your face when do make your entry and see the reaction of others.
This would set a trend. And you would Be THE Change. Worth trying.
Bored?
Monday, June 16, 2008
Miscommunication
Father's Day
Indian Cricket Team
Lil Nag
But one day soon he will understand that all these people look at the brand he wears, perfume he smells and the money in his dad’s pocket before holding. He will realize how crude the world is. How hypocrite people are. How sick this world is. Till then he is happy dozing off in his makeshift Jhula grinning and crying if they stop pulling him around.