Friday, September 9, 2016

Idiot Box - ಮೂರ್ಖರ ಪೆಟ್ಟಿಗೆ

ಮೂರ್ಖರ ಪೆಟ್ಟಿಗೆ
ಈ ಶತಮಾನದ ಒಂದು ಅದ್ಬುತ ಆವಿಷ್ಕಾರ ಟೆಲಿವಿಷನ್. ಧ್ವನಿ ಮತ್ತು ದ್ ಮಾಧ್ಯಮಗಳ ಅಪೂರ್ವ ಸಂಗಮ. ನಮಗೆ ನಮ್ಮ ದೈನಂದಿನ ತಲೆಬಿಸಿಗಳಿಂದ ಬಿಡುಗಡೆ ಕೊಡುವ ಮನೋರಂಜನಾ ಸಾಧನವಾಗಿ ನಮ್ಮ ಮನೆಗಳಲ್ಲಿ ಪ್ರವೇಶ ಪಡೆದ ಟಿ.ವಿ., ಇಂದು ನಮ್ಮೆಲ್ಲರ ಬದುಕಿನ ಒಂದು ಅವಿಭಾಜ್ಯ ಅಂಗವಾಗಿದೆ. ಎಷ್ಟೋ ಮನೆಗಳಲ್ಲಿ, ಬೆಳಿಗ್ಗೆ ಹಲ್ಲು ಉಜ್ಜುವ ಮೊದಲೇ ಟಿ.ವಿ. ಚಾಲೂ ಆಗ್ತದೆ. ಇದರ ಪ್ರಭಾವ ಎಷ್ಟಿದೆ ಅಂದ್ರೆ, ರಜಾದಿನಗಳಲ್ಲಿ ಕೆಲವು ಮನೆಗಳಲ್ಲಿ outings, socializing, ಎಲ್ಲಾ ಕೆಲವು ಟಿ.ವಿ ಕಾರ್ಯಕ್ರಮಗಳ ಮೇಲೆ ನಿರ್ಧಾರವಾಗುತ್ತದೆ.
ನಾನು ಟಿ.ವಿ ದ್ವೇಷಿಯಲ್ಲ. ಹಾಗೇ ಟಿ.ವಿ. ವ್ಯಸನಿಯೂ ಅಲ್ಲ. ಇಲ್ಲಿ ನಾನು ಟಿ.ವಿ ವೀಕ್ಷಣೆಯಿಂದಾಗುವ ಒಳಿತು, ಕೆಡಕುಗಳನ್ನ ಪ್ರಸ್ತಾಪ ಮಾಡ್ತಾ ಇಲ್ಲ. ಒಂದು ’nuclear familiy’ ಯಲ್ಲಿ ಹೇಗೆ ಇದರ ಪ್ರಭಾವ ಮತ್ತು ಹಿಡಿತ ಇದೆ ಅನ್ನೋದನ್ನ ವ್ಯಕ್ತಪಡಿಸಲು ಪ್ರಯತ್ನ ಮಾಡಿದ್ದೇನೆ.

ಈಗೀಗ ಇರುವಂತಹ ಚಾನಲ್ ಗಳು, ಅದರಲ್ಲಿ ಬರುವಂತಹ ಕಾರ್ಯಕ್ರಮಗಳು ಒಂದಕ್ಕಿಂತ ಒಂದು ಚೆನ್ನಾಗಿರುತ್ತದೆ. ಉಪಯುಕ್ತ ಮಾಹಿತಿಗಳನ್ನ ಕೊಡುತ್ತದೆ. ಒಳ್ಳೆಯ ಮನೋರಂಜನೆಯೂ ಆಗುತ್ತದೆ. ಹಾಗಾಗಿ, ಹೆಚ್ಚು ಹೆಚ್ಚು ಕುಟುಂಬಗಳು ಟಿ.ವಿ.ಯ ವ್ಯಸನಿಗಳಾಗಿದ್ದಾರೆ. ಮಕ್ಕಳಂತೂ ಕಾರ್ಟೂನ್ ಚಾನೆಲ್, ಪೋಗೋ ಚಾನೆಲ್ಗಳಲ್ಲಿ ಮುಳುಗಿರುತ್ತಾರೆ. ಉಪಯುಕ್ತ ಮಾಹಿತಿ, ವಿಚಾರಗಳನ್ನ ಕೊಡುವಂತಹ ಡಿಸ್ಕವರಿ, ಹಿಸ್ಟರಿ, ನ್ಯಾಶನಲ್ ಜಿಯೋಗ್ರಾಫಿಕ್ ಮುಂತಾದ ಚಾನೆಲ್ ಗಳನ್ನು ನೋಡಿದರೆ ಮನೋರಂಜನೆಯ ಜೊತೆಗೆ ಮಾಹಿತಿ ಸಂಗ್ರಹಣವೂ ಆಗುತ್ತದೆ. ಆದರೆ, ಸಮಯ ವ್ಯಯ ಮಾಡುವಂತಹ ಉಪಯೋಗವಿಲ್ಲದ ಕಾರ್ಟೂನ್ ಚಾನಲ್ ಗಳೇ ಹೆಚ್ಚು ಪ್ರೀತಿ ಮಕ್ಕಳಿಗೆ. ಇದರಿಂದಾಗಿ ಇಂದು ಮಕ್ಕಳು ಹೊರಾಂಗಣ ಆಟಗಳನ್ನು ಆಡುವುದನ್ನೇ ಬಿಡುತ್ತಿದ್ದಾರೆ. ಎಷ್ಟೋ ಗ್ರಾಮೀಣ ಹೊರಾಂಗಣ ಆಟಗಳಾದ ಗೋಲಿ, ಚಿನ್ನಿದಾಂಡು, ಲಗೋರಿ, ಮರಕೋತಿಯಾಟಗಳು ಪಟ್ಟಣದಲ್ಲಷ್ಟೇ ಅಲ್ಲ, ಹಳ್ಳಿಗಳಲ್ಲೂ ಮರೆಯಾಗಿವೆ. ಮಕ್ಕಳು ದೈಹಿಕ ವ್ಯಾಯಾಮ ಆಗುವಂತಹ ಆಟಗಳನ್ನು ಆಡದೆ, ಹೆಚ್ಚಾಗಿ ಟಿ.ವಿ. ನೋಡುವುದು, ವಿಡಿಯೋ ಗೇಮ್ಸ್ ಆಡುವುದು ಮಾಡುತ್ತಿರುವುದರಿಂದ ಸಣ್ಣ ವಯಸ್ನಿನಲ್ಲೇ ಬೊಜ್ಜು, ಸ್ಥೂಲಕಾಯ, ಸಕ್ಕರೆಕಾಯಿಲೆ, ಮುಂತಾದ ಸ್ವಾಸ್ಥ್ಯ ಸಂಬಂಧಿ ಕಾಯಿಲೆಗಳಿಗೆ ತುತ್ತಾಗುತ್ತಿದ್ದಾರೆ. 

ಇತ್ತೀಚಿನ ಇನ್ನೊಂದು ಬೆಳವಣಿಗೆಯೆಂದರೆ, ಮೊಬೈಲ್ ಮತ್ತು ಟ್ಯಾಬ್ಲೆಟ್ ಬಳಕೆ ಮಕ್ಕಳಲ್ಲಿ ಹೆಚ್ಚುತ್ತಿರುವುದು. ಇದರಿಂದ ಮಕ್ಕಳು ನೆರೆಕರೆಯವರೊಂದಿಗೆ, ನೆಂಟರಿಷ್ಟರೊಂದಿಗೆ ಮಾತನಾಡಲು, ಬೆರೆಯಲು ಕಷ್ಟಪಡುತ್ತಿದ್ದಾರೆ. ಅವರ ಸಂವಹನಾ ಕೌಶಲ್ಯಗಳು ವಿಕಸನಗಳ್ಳದೇ ಮುಂದೆ ದೊಡ್ಡವರಾಗುತ್ತಾ ತೊಂದರೆ ಅನುಭವಿಸುತ್ತಾರೆ. ಮನೆಯಲ್ಲಿದ್ದಾಗ ಟಿ.ವಿ, ಟ್ಯಾಬ್ ಗಳು, ಹೊರಗೆ ಹೋದಾಗ ಮೊಬೈಲ್ ನಲ್ಲೇ ಮುಳುಗಿ ಹಾಳಾಗುತ್ತಿದ್ದಾರೆ.

ಇವೆಲ್ಲಾ ಈಗಿನ ಯುಗದ ಆವಿಶ್ಕಾರಗಳು. ಅವುಗಳನ್ನು ಜೀವನದ ಒಂದು ಸಾಧನವಾಗಿ ಉಪಯೋಗಿಸಿಕೊಳ್ಳಬೇಕೇ ಹೊರತು ಅವುಗಳಲ್ಲೇ ಜೀವನ ಎಂದೋ ಅವುಗಳೇ ಜೀವನ ಅಂತ  ಅಂಟಿಕೊಳ್ಳಬಾರದು.

Monday, March 9, 2015

Corporate Lessons from Internet

In today’s LPG environment (Liberalized-Privatized-Globalized), change is the only thing that is constant. All organizations deal with change. Here are three lessons from large corporations collected from internet to help you survive change.

Lesson-1

A crow was sitting on a tree, doing nothing all day. A small rabbit saw the crow, and asked him, "Can I also sit like you and do nothing all day long?” The crow answered: "Sure, why not.”  So, the rabbit sat on the ground below the crow, and rested. All of a sudden, a fox appeared, jumped on the rabbit... and ate it.
Moral of the story is: To be sitting and doing nothing you must be sitting very, very high up.

Lesson-2

A turkey was chatting with a bull.  "I would love to be able to get to the top of that  tree," sighed the turkey, "but I haven't got the energy.”  Well, why don't you nibble on some of my droppings?" replied the bull. They're packed with nutrients." The turkey pecked at a lump of dung and found that it actually gave him enough strength to reach the first branch of the tree.  The next day, after eating more dung, he reached  the second branch.  Finally after a fortnight, there he was proudly perched at the top of the tree. Soon he was spotted by a farmer. Who promptly shot the turkey out of the tree.
Moral of the story is: Bullshit might get you to the top, but it won't keep you there.

Lesson-3

A little bird was flying south for the winter. It was so cold, the bird froze and fell to the ground in a large field.  While it was lying there, a cow came by and dropped some dung on it. As the frozen bird lay there in the pile of cow dung, it began to realize how warm it was. The dung was actually thawing him out! He lay there all warm and happy, and soon began to sing for joy. A passing cat heard the bird singing and came to investigate.  Following the sound, the cat discovered the bird under the pile of cow dung, and promptly dug  him out and ate him!
The morals of this story are:
1.      Not everyone who drops shit on you is your enemy.
2.      Not everyone who gets you out of shit is your friend.

3.      And when you're in deep shit, keep your mouth shut.

Role of Women in Achieving a Sustainable Future: Need for Women Leaders & Women Entrepreneurs in India

On the occasion of International Women's Day, (8th March) I am posting my paper which was presented in an international conference in 2013

Abstract
Sustainability is making something last long. Longevity of a resource is sustainability. As women tries to provide the best to her family, manages the available resources effectively and efficiently she becomes an ideal choice to handle the most burning issue today – sustainability. For this gender equality among all walks of life is very important. There is a Sanskrit shloka from Indian scriptures –“Mata Bhumih putro ham prithvyah” means - Earth is our mother and we are its children. Now the time has come that we need to take care of our mother Earth, and who is better than women who takes care of her family.
In developing country like India, need for entrepreneurs and leaders is of paramount importance. That too women entrepreneurs like Kiran Mazumdar Shah of Biocon,  Chetana Sinha of Mann  Desi Foundation; and corporate leaders like  Chanda Kochr of ICICI Bank or Shikha Sharma of Axis Bank are the need of the hour.
This paper brings out a thought process – as a woman is well versed with managing her family with available resources and always strives towards welfare and wellness of the family members, she can with right exposure, mentoring and guidance can lead a nation, a corporate or setup platforms to develop entrepreneurs with concern for environment and sustainability.


Role of Women in Achieving a Sustainable Future: Need for Women Leaders & Women Entrepreneurs in India
Sustainability is a dynamic concept born out of the environmental debate of the last quarter century. There is growing concern nationally and internationally about biodiversity and protection of plants and animals and community based activity. Sustainable Development as a norm has been accepted in the literature ever since the publication of the Brundtland Commission report in 1987.The Brundtland Commission defined Sustainable Development as that which "meets the needs of the present without compromising the ability of the future generations to meet their own needs".
A primary goal of sustainable development is to achieve a reasonable and equitably distributed level of economic well being that can be perpetuated continually for many human generations. It also implies using renewable natural resources in a manner that does not eliminate or degrade them, or otherwise diminish their usefulness for future generations. Sustainable development also requires depleting non-renewable energy resources at a slow enough rate so as to ensure the high probability of an orderly society transition to renewable energy sources.
Number of studies is done to examine the associations between environmental concerns and socio-demographic factors. These studies were mainly focused on finding a “connection” between high environmental concerns with particular social attribute (ROLE OF ENVIRONMENTAL AWARENESS IN ACHIEVING SUSTAINABLE DEVELOPMENT - Economic Commission for Latin America and the Caribbean). The major social attributes identified are age, gender, social status and political ideology. I have used the findings from the gender and environmental concern in the context of this paper. Brief description of major social attributes’ concern for environment is given:
1.      Age and environmental concern – younger generation tends to be more concerned about environmental quality than older generation.
2.      Gender and environmental concern - It is generally believed that women are more concerned about environment than men. This is supported by the Harris survey (1991), which showed that women are more concerned about the environmental quality, critical about policy taken by government and willing to accept lower standard of living for fewer health risks.
3.      Social status and environmental concern - There is a hypothesis that states “environmental concern is positively associated with social class as indicated by education, income and occupational prestige” (Van Liere and Dunlap, 1980). Inglehart (1990) and earlier, Andrews (1978), gave an explanation for this hypothesis based on the fact that once people solved their basic material and physical needs, they opt for more aesthetic aspect of human existence or “quality of life”, such as better environment.
A hypothesis states that as individuals become more educated, they are more concerned about environment (Kohut and Shriver, 1989, and Vining and Ebreo, 1990 quoted by Mainieri, Bernett, Valdero, Unipan, and Oskamp, 1997). The higher education is associated with higher concern since it is directly related to the access to information on environment and ability to process the information into knowledge.
4.      Political ideology and environment -  In the U.S., people who support democrats and liberals are more concerned about environmental quality than those support republican and conservative counterparts. The similar trend also exists in Great Britain where right-wing Tory, conservative, is placing less importance to environmental issues than left wing Labour and Liberal Democrats (Worcester and Corrado, 1991). The reason for such difference, as categorized by Dunlap (1975) are:
“Environmental reforms generally are opposed by business and industry because of the costs involved and environmental reforms entail an extension of government activities and regulations”.

These studies and hypothesis makes it clear that women show more concern to environmental issues than men. On this context, in March 2012, the United Nations Global Compact and UN Women convened stakeholders from the private sector, civil society, government, academia and the UN at the State University of New York (SUNY) Global Center in New York City to discuss how gender equality fits into the agendas of corporate sustainability and sustainable development.
In the words of his Excellency Mr. Ban Ki-Moon, UN Secreatary-General “We cannot achieve sustainable development without buy-in from business – from leading global corporations to small- and medium size enterprises, from investors to entrepreneurs. Nor can we achieve sustainability – at a corporate or a global level – without empowering the world’s women.”
Ms. Michelle Bachelet, Under-Secretary-General and Executive Director – UN Women called for better implementation of women empowerment principles in workplace, market place and community to build healthy economies, strong societies and sustainable development.
The World Summit on Sustainable Development (2002), the International Conference on Population and Development (1994), the Beijing Declaration and Platform for Action (1995), and the 2005 World Summit all acknowledged the pivotal and important role women play in sustainable development.
Women’s Empowerment Principles agreed upon in the summit in brief:
1. Establish high-level corporate leadership for gender equality
2. Treat all women and men fairly at work – respect and support human rights and nondiscrimination.
3. Ensure the health, safety and well-being of all women and men workers.
4. Promote education, training and professional development for women.
5. Implement enterprise development, supply chain and marketing practices that empower
women.
6. Promote equality through community initiatives and advocacy.
7. Measure and publicly report on progress to achieve gender equality.
However, democratic governments and institutions have yet to draft a policy that addresses the relation between the economy, the environment and their impact on society – and especially on women.
There is a Sanskrit shloka from Indian scriputures –“Mata Bhumih putro ham prithvyah” means - Earth is our mother and we are its children. All the above events around the world points towards the need to bring in the real mothers to save our mother Earth for our children.
Role of Women in India over the decades:
In India, from ancient times, the social system or the ‘varnashrama system’ followed were as per Manusmtri. According to Manusmrti, women were treated unequal. Women, that is, even women belonging to BrahminKshatriya and Vaishya varna are not entitled to upanayan and the study of the Vedas. For them, marriage is equivalent to upanayan and service of their husbands is equivalent to the study of the Vedas in the gurukul. Even if the husband is morally degraded, engaged in an affair with another woman and is devoid of knowledge and other qualities, the wife must treat him like a god. This is done to avoid the breaking of families. Besides, women are not considered fit for being free and independent. They are to be protected in their childhood by father, in youth by husband and in old age by son. They should never be allowed by their guardians to act independently. A woman must never do anything even inside her home without the consent of her father, husband and son respectively. However, they are given equal right in the parental properties by Manu to empower them.
So, women’s role was restricted to be a mother, daughter, and wife. Virtues of a women and how she supports her husband and her family to be called a ‘pati vrata’ (or ideal wife) is given by a shloka that reads:
Karyeshu dasi; Karaneshu mantri;
Rupecha lakshmi; kshamaya dharitri;
Bhojyeshu mata; sayaneshu vesya;
Shat dharmayukta kuladharma patni.
In this shloka, the multiple roles played by women in maintaining the family is highlighted. “karaneshu mantri” means work like a minister – with knowledge, wisdom  advises her husband in life, finances and other fields. Also, she efficiently and effectively manages the household work with available resources. This shows that during ancient times also, women’s capabilities were restricted to managing the family.
From the olden days, the focus or main ambition of any women was on the well being of the family, which leads to well being of society and Nation. Social and economic development of women is necessary for overall economic development of any society or a country. Today, we need to have all those expertise of managing a family with limited resources, love and care, dedication and commitment in the global business and corporate world.
Entrepreneurship is the state of mind which every woman has in her but has not been capitalized in India in way in which it should be. Due to change in environment, now people are more comfortable to accept leading role of women in our society, though there are some exceptions.
In India, one of the major contributors for the economy (GDP) is the service sector. It has created many opportunities for women entrepreneurs and leaders. Entrepreneurial women can excel their skills with maintaining balance in their life.
Women leaders bring great equilibrium, poise and diversity to a company. They are required in equal if not large numbers to create the perfect balance of the future Indian conglomerate. If we nurture the inner strength, creativity and self-esteem of women from all walks of life, they were able to go out into the world, prepared to handle any challenge with skills, confidence and grace. They come to the forefront, where they become agents of peace and positive social change for themselves, their families, other women and their society.
Best example we can get about nurturing and mentoring in corporate world is to understand how Mr. K.V. Kamath (ex CEO & MD of ICICI) had splendidly groomed and promoted extraordinary women leadership at the ICICI group. His prodigies’ Ms. Chanda Kochr (now heading ICICI) and Ms. Shika Sharma (now heading Axis Bank) have really come on their own and handling two major financial institutions of the country. There is a saying which shows the importance of woman in one’s life – “there is a woman behind every successful man”. This is reversed in this case – “there is Mr. Kamath behind the success of two women”.
In today’s globalized world, as more and more women are becoming educated and capable in all aspects have been competing with their male counterparts in the corporate world. But the world of entrepreneurship and leadership is little more demanding.
According to Moore & Buttner, self determination, expectation for recognition, self esteem and career goal are the key drivers for taking up entrepreneurship by women. Sometimes, women chose such career path for discovering their inner potential, caliber in order to achieve self satisfaction. It can also provide a mean to make best use of their leisure hours. However, dismal economic conditions of the women arising out of unemployment in the family and divorce can compel women into entrepreneurial activities.
I would like to quote a real example of women empowerment happened in a small village in India; a story of a woman changing the life of thousands of women. She not only changed their life, but inspired them to become entrepreneurs, business women. She has made the entire village, community to be self sufficient and live like a single family. The word ‘vasudivakutumbakam’ has become a reality here. Ms. Chetana Sinha, economist, social worker has brought a revolution in a small village Masavad in Satara district of Maharashtra. She started India’s first rural cooperative bank for women by women.
During 1970s, there was heavy drought in the region famous for cotton in Satara district of Maharashtra. Men started migrating to Mumbai and Pune. But women who lived in the village found it very difficult to even get meal a day. During her interaction with them during these difficult periods, Ms. Chetana dreamt to make bring financial freedom to them. This dream was realized in 1997, when Mann Deshi Cooperative Bank was started by these women and for women. Ms. Chetana has trained these women with basics of financial transactions, along with basic education. Ms. Rekha Kulkarni, who joined the bank as clerk has become the CEO of the bank today. The bank has 1 lakh 27 thousand members and has become India’s largest rural women’s cooperative bank. It has 3.5  crores deposit with 40 crores fixed assets. Today the bank has branches in Satara, Solapur, Saangli, Ratnagiri, Pune, Rajghar, Kolhapur districts, also in one of the district in Jharkand and Hubli district of Karnataka. In 2006, Ms. Chetana started Masavad Business School called to develop rural entrepreneurs. This business school trained girls who left school mid-way in milk production, animal husbandry, computers, tailoring etc. It encouraged them to start their own businesses with the help of Mann Deshi bank. Till date, over 17 thousand agri-labour women have started their own business through Mann Deshi bank and Mann Desi Business school.
This real case proves that if women were given financial management, they take care of the family in a better way focusing on children’s health, education, and quality food. It helps in improving the life style of the family, society and nation. We need more people like Ms. Chetana Sinha to come out and contribute to the community, society and growth of the country. In turn, all this adds up to the sustainability and taking care of the environment for the future generations.
Ms. Chetana Sinha has been positively influenced by one more crusader in this field, Ms. Ila Bhatt. The Founder of the Self-Employed Women’s Association (SEWA), Bhatt is a renowned leader in the fields of microfinance and labour. She founded SEWA in 1972 along with the late Arvind Buch who was then the president of the Textile Labour Association (TLA). SEWA helped women in rural Bihar to earn their living by renting solar bulbs to other families. These women buy solar bulbs at subsidized rates with the help of loans from SEWA and then not only use some in their own homes but also rent them out to other families, thereby earning their living. Ela Bhatt has been awarded the Padmashri, the Padmabhushan as well as the Ramon Magsaysay Award.
Some more notable entrepreneurs in rural India are:
Thinlas Chorol - She is the only Ladakhi woman to be trained to work in the field of mountaineering. Having grown up in the mountains, Chorol went on trekking expeditions as a guide with “Around Ladakh with Students” (ALS), the travel agency owned by SECMOL, the Institute where she studied. She founded the Ladakhi Women’s Travel Company in 2009 to bring more women into the field of travel and mountaineering, and also to promote ecotourism in Ladakh.
Annie George - She is the founder of BEDROC, an organization that “helps build disaster-resilient, sustainable coastal communities.” Some of the fields that BEDROC works in are disaster management, Participatory Water Resource Management, and Coastal Vulnerability Mapping. One of the main objectives of BEDROC is to “Leverage experiences of the 2004 Asian tsunami to create community-based, community-owned mechanisms for enhanced disaster response, mitigation and preparedness for coastal communities.”
Other famous women cooperative movement is Shri Mahila Griha Udyog Lijjat Papad - also known as Lijjat, this is a women’s cooperative which manufactures a number of consumer goods. Lijjat was founded by seven Gujarati housewives from Mumbai in order to make a living with the skill they had – cooking.
“The seven women were Jaswantiben Jamnadas Popat, Parvatiben Ramdas Thodani, Ujamben Narandas Kundalia, Banuben. N. Tanna, Laguben Amritlar Gokani, Jayaben V. Vithalani, and one more lady whose name is not known.”. Today there are several members who work in a number of branches. Lijjat’s main motive is to generate self-employment for women and it provides employment to more than 40000 women.
In urban India, the big corporates are also seeing lot of women leaders coming up the ranks. There are some young bloods coming into the Indian corporate world. The daughters of the famous and pioneering fathers who had setup the industry are taking up the challenge to manage it and take it into a new level. Some of them are:
Lakshmi Srinivasan, daughter of TVS Motor Chief Venu Srinivasan has joined the board of Sundaram Clayton as additional Director and she is in charge for strategy for next five years.
Nandini Piramal is currently the Executive Director of Piramal Healthcare, Ltd. Ms. Primal is also involved in Primal Foundation where she directs and helps implementing strategies across initiatives such as the Kaivalya Education Foundation, Source for Change and Sarvajal.
Lavanya Nalli, is the fifth generation of the promoter family, to be the first woman to take over the reins of the iconic 83-year-old brand Nalli silks. The 27-year-old Harvard Business School graduate joined the daily business in 2005.
Roshni Nadar is the Executive Director and the CEO of HCL Corporation. She is the only child of HCL’s founder, Shiv Nada Roshni Nadar did her graduation from the Northernwestern University majoring in radio, television and film. She also has an MBA in Social Enterprise Management and Strategy from the Kellogg Graduate School of Management.
Ms Ameera Shah is the Managing Director and CEO of Metropolis Healthcare Ltd., a multinational chain of diagnostic centers. Under her stewardship, Metropolis has evolved from its single pathology laboratory status in 2002 to a fully integrated multinational chain of 70 diagnostic centers and 500 collection centers across South Asia, Middle East and Africa. 
Ashni Biyani, the first woman from Biyani family to join family business, is not only the future of Future Group but is already on her way to ensure a bright future to it. Ashni Biyani is the only child of India’s retail czar and the CEO of Future Group, Kishore Biyani.
All these young women in-charge of legacy’s of their visionary parents will be utilizing their family, social and educational backgrounds to take their company’s to the next levels. They will definitely taking proper care towards issues of environment and sustainable future.
There need to be more information about all these women entrepreneurs, leaders and corporate heads in the graduation syllabus of all universities. It will inspire lot of young minds to follow their footsteps. Also required is proper awareness and guidance about various Government initiatives and programmes to encourage women entrepreneurs.
Indian Government also has identified the importance of women empowerment and had taken lot of steps towards gender equality.
The principle of gender equality is enshrined in the Indian Constitution in its Preamble, Fundamental Rights, Fundamental Duties and Directive Principles. The Constitution not only grants equality to women, but also empowers the State to adopt measures of positive discrimination in favour of women.
Within the framework of a democratic polity, our laws, development policies, plans and programmes have aimed at women’s advancement in different spheres. From the Fifth Five Year Plan (1974-78) onwards has been a marked shift in the approach to women’s issues from welfare to development. In recent years, the empowerment of women has been recognized as the central issue in determining the status of women. The National Commission for Women was set up by an Act of Parliament in 1990 to safeguard the rights and legal entitlements of women. The 73rd and 74th Amendments (1993) to the Constitution of India have provided for reservation of seats in the local bodies of Panchayats and Municipalities for women, laying a strong foundation for their participation in decision making at the local levels.
The National Mission for Empowerment of Women (NMEW) was launched by the Government of India on International Women’s Day in 2010 with the aim to strengthen overall processes that promote all-round development of women.
It has the mandate to strengthen the inter-sector convergence; facilitate the process of coordinating all the women’s welfare and socio-economic development programmes across ministries and departments. The Mission aims to provide a single window service for all programmes run by the Government for Women under aegis of various Central Ministries.
In light with its mandate, the Mission has been named Mission Poorna Shakti, implying a vision for holistic empowerment of women.
The National Resource Centre for Women has been set up which functions as a national convergence centre for all schemes and programmes for women. It acts as a central repository of knowledge, information, research and data on all gender related issues and is the main body servicing the National and State Mission Authority.

In the context of the recent events happening across the country, I strongly believe that gender equality, empowerment of women at home and at workplace is a matter of top priority.
Also there is a shloka which states:
Yatra Naaryasthu poojyanthe
Ramanethe thatra devathaha
Meaning: Where women are treated with dignity and Womanhood is worshipped, there roam the GODS. This clearly points towards the future direction for all of us.




References:
1    1  www.naree.com
2     www.unwomen.org
3     www.onesecrethunt.com
4     www.manndeshi.org
5     www.rediff.com
6     www.indiatoday.com
7     www.thehindubusinessline.com
8      www.economictimes.com
9     Articles from Vijayavani – Kannada Daily News paper
1  Articles from Prajavani – Kannada Daily News paper
   NATIONAL POLICY FOR THE EMPOWERMENT OF WOMEN (2001)
ROLE OF ENVIRONMENTAL AWARENESS IN ACHIEVING SUSTAINABLE DEVELOPMENT - Economic Commission for Latin America and the Caribbean


Sunday, March 8, 2015

Personal Financial Planning

Personal Financial Planning


“We all work for money, but making money work for you is financial planning” – anonymous investor.
If this sentence interests you, go on reading further. I will try to explain about the basics of financial planning.

So, what is financial planning?

According to Nimish Shah, Director and CEO of Parag Parikh Financial Advisory Services - ‘Financial Planning’ is a process that emanates from our concerns for our financial future. We all need to plan a safe and sound financial future so that our family can continue to lead a desired life style. It helps create and preserve wealth for the generation next. Financial planning involves investing in the right mix of wealth enhancing asset classes so as to meet the financial needs of the future.
According to Financial Planning Standards Board, Financial Planning is the process of meeting one’s life goals through the proper management of his finances with the help of a Financial Planner.
Based on these, we can say that financial planning involves sacrificing the present pleasures for the benefit of future rewards.

Why we need financial planning?

A need, as defined by the Oxford dictionary, means “a situation in which something is necessary or must be done”. Need Analysis is the process of identifying and evaluating needs. The well known theory of needs is Hierarchy of Needs Theory by Abraham Maslow. Maslow's theory suggests that the most basic level of needs must be met before the individual will strongly desire (or focus motivation upon) the secondary or higher level needs.
In today’s scenario, all these needs can be satisfied if a person has a very essential resource – “Money”. Money has become the most important thing to satisfy ones needs and to achieve ones goals in life.
So, financial planning involves careful need analysis followed by taking investment decisions. Investing is an act of putting ones savings to work with a view to earn further wealth. It’s about taking reasonable risks to reap steady rewards. Here, finance enters the area of Psychology creating a new entity called Behavioral Finance. Traditional theory of finance – Efficient Market Hypothesis considers that markets are always efficient and that investors make rational decisions. According to Behavioral Finance, the markers are inefficient and investors frequently make irrational decisions. Most investment decisions are taken on the basis of Fear or Greed. The options for investing are continually increasing and individual agents/advisors are at best product sellers and are able to provide only limited advice.
This calls for a systematic professional approach for Personal Financial Planning.

What is Personal Financial Planning?

Personal Financial Planning is planning for your financial needs, present as well as future, while keeping in mind your income. Planning and Decision making are the most basic activities of management. The monthly cash inflows have to be adequately distributed between spending and accumulating wealth. It is a step-by-step process, and involves six main steps as shown in the diagram.

1.       Determine current financial situation:

Before planning for the future, you should assess the financial position you are currently in. What are the assets you own as of now? What are the liabilities or loans including credit cards? What is your net worth? The answers to these questions will make you aware of the present situation and on this basis planning for the future can be done.

2.       Develop your financial goals:

Financial goals are the road-map of a strategy for you to implement. Financial goals are based on the term and priority. By the duration of attainment of the goal, financial goals are classified into short-term, medium-term and long-term goals. If the horizon of investment is one year or less, it is classified under short-term, if the goal is set for the next two to five years, it comes under medium-term goals and goals having horizon of more than five years come under long-term goals. You can also prioritize these goals into three levels – low, medium and high.

3.       Identify alternate courses of action:

This is the core part of personal financial planning. Depending on your goals terms and priority, have a separate plan for asset acquisition, liability reduction, risk management through insurance, tax, retirement and estate planning.


 4.       Evaluate alternatives:
Once you decide on various plans for action, choose from a gamut of various investment alternatives considering life situation, personal values, economic factors, risk and time value of money.

5.       Create and implement your financial plans and strategies:

This is the practical part of your financial planning. Based on the chosen alternatives, decide on the financial intermediary to deal with and complete your investments.

6.       Review and revise the financial plan:

As the environment is very dynamic, review your plan once in a year (or once in six months) to keep it on course to meet your financial goals. You may have to balance your portfolio, liquidate some investments or increase investments into some.

Personal Financial Planning and Nation’s Growth


Individual is the basic unit of economy. As financial health of companies is important for the economic growth, individuals’ financial health is also very important. The government runs on taxes that we pay, our savings and investments form the backbone of the equity and debt markets which in turn fund companies for their growth. Therefore, it is of paramount importance that the financial future of individuals is secured. Similarly family is the basic unit of society. Unless, maximum number of families grows financially, the society will not prosper. The importance of personal finance cannot be better underscored and it is important to gauge and monitor the financial health of individuals. So, for the nation to grow, every literate needs to plan their personal finances properly and have a financially secure future.

Management DESI style

Management Concepts – ‘DESI’ style!

-        Concept of ‘Management’ has evolved over decades under various management thinkers or management gurus.
  •         Scientific management by Frederick Taylor & Gantt.
  •         Classical Organisation theory – guidelines for managing complex organizations.
  •        The behavioral school – focus on the ‘people’ side of the business.
  • .      Management Science School –  Use of concepts like operations research, data modeling etc. in managerial decision making.

They are predominantly Western management thoughts. They deal with problems at material, external and peripheral levels. All these thoughts are based on the lure of materialism and perennial thirst for profits, irrespective of the quality of the means adopted to achieve that goal. This phenomenon is known as “Management by Materialism”. This has started a slow erosion of values and deeper search for meaning in existence.
Western management philosophy may have created prosperity, but has it really been as successful in achieving the aim of ensuring betterment of individual life and social welfare? Answer for this question lies in the Indian philosophy or Eastern philosophy.
The driving forces in today’s business are: Speed and Competition. 21st century worker experiences high levels of stress amid competition and performance pressure. Some attempts are made by eminent thinkers like Dr. Subhash Sharma, Devdutt Patnaik to search for solutions to the problems of modern westernized management concepts from Indian Philosophy.
Books like Management in New Age Western Windows Eastern Doors  by Dr. Subhash Sharma talks about the necessities of  Western managers acquire greater understanding of the `Eastern Doors`, and Eastern managers look beyond the `Western Windows`. Concepts and frameworks presented in the book arise from this view for a new combination of management ideas from the West and the East to facilitate `holistic globalization’.
The book explores the interlinkages between management thought, social discourse and spiritual concerns that constitute three foundational themes of the book. Through an integration of market, society and self, it articulates the vision of sacro-civic society and sacro-civic nations rooted in harmony paradigm that aims at a new balance between utilitarian, ecotarian and ethicotarian philosophies of life. It suggests the need for a paradigm shift from, `survival of the fittest to eliminate the rest` to `arrival of the best to lead the rest`.

One more interesting book is A very Indian approach to Management: Business Sutra by Devdutt Pattanaik.  The book shows how modern management is rooted in Western beliefs and obsessed with accomplishing rigid objectives and increasing shareholder value. By contrast, the Indian way of doing business—as apparent in Indian mythology, but no longer seen in practice— accommodates subjectivity and diversity, and offers an inclusive, more empathetic way of achieving success. Great value is placed on darshan, that is, on how we see the world and our relationship with Lakshmi, the goddess of wealth. Business Sutra uses stories, symbols and rituals drawn from Hindu, Jain and Buddhist mythology to understand a wide variety of business situations that range from running a successful tea stall to nurturing talent in a large multinational corporation.

Part-4: PRAM – Plans, Relationships, Agreements and Maintenance



Part-4: PRAM – Plans, Relationships, Agreements and Maintenance

From the book: ‘Turn Your Customers into Your Sales Force’ by Ross Reck

It has been long from the previous article. Sorry for the delay. I was away from the blog, actually I forgot about writing blogs, or posting in blogs. My friend Mr. Arjun Surendra Bhat's articles in his blog (arjunsurendrabhat.wordpress.com)  inspired me to continue my blog works. 


In the last three parts, I have given the outline from the book “Turn Your Customers into Your Sales Force” by Ross Reck. In this concluding part, I will give the framework or model proposed by Ross Reck for Win-Win Negotiation.
The model is circular – depicting that negotiation is a continuous process. As negotiation is done with people, you cannot turn human feelings and emotions on and off like a light switch. Once you begin negotiating with another human being, you continue to do so until you terminate the relationship.
The model is consisting of four parts. PRAM is an acronym for these four steps of negotiating: Plans, Relationships, Agreements and Maintenance.
PLANS: The first step in the Win-Win Negotiation process is the development of a Win-Win Plan. The essence of a Win-Win Plan answers the question: “What can I do for the person I am about to deal with that will motivate that person to give me what I want in return?” Ross Reck explains that looking at negotiation as a give-and-take process is like viewing a marriage as a 50:50 proposition. The problem with viewing a marriage in this manner is that you spend the majority of time arguing over where you’re 50 stops and your spouse’s 50 starts. On the other hand, if you view a marriage as a 100:100 proposition, where both parties concentrate on the giving, the taking then takes care of itself.
RELATIONSHIPS: Once you have established your Win-Win Plan, the next step is the development of Win-Win personal relationships. Developing these relationships is critical because people are very willing to go that extra mile for someone they like and trust. In this step, you are trying to develop mutual assurance that if you do a favour for someone today, you can rest assured that when you ask that same person for a favour sometime in the future, the answer is going to be yes.
AGREEEMENTS: Once the relationship is in place, the next step in the process is forming a Win-Win Agreement. In it ‘I offer to give you what you want in exchange for you’re giving me what I want’. If the first two steps of the Win-Win process have been executed correctly; then reaching an agreement is merely a matter of working out the details.
MAINTENANCE: Once an agreement has been formed and both parties part company with a solid commitment to follow through, there is still much that needs to be done. As any successful salesperson will tell you, the sale really begins after the sale. The reason is that you want customers to come back, and you also want them to bring their friends. For this three things need to be maintained: the agreement, the relationship, and the plan.
Survey conducted by Ford Motor Company in 1990 endorses that “A dissatisfied customer tells his experience to 22 people as against a satisfied customer who shares it with only 8”. So, in our corporate life, to achieve success, we need to keep our customers happy at all times by employing Win-Win Negotiation process or PRAM model.

This concludes this series from the book ‘Turn Your Customers into Your Sales Force’. Your feedback and opinions are welcome. My email id: vinod.krishna@atma.edu.in

Friday, May 3, 2013

Win-Win Negotiating Part 3


From the book: ‘Turn Your Customers into Your Sales Force’ by Ross Reck
Importance of ‘Negotiation’ was made clear in the last article(Feb ’13). Also, to become a successful salesperson, you must become an effective negotiator. There are two basic philosophies people utilize to get what they want from other people. The first of these philosophies is the Win-Win Philosophy and the other is the Win-Lose Philosophy.
The Win-Win Philosophy: “I get what I want by helping others get what they want and vice versa”.  In a true Win-Win sales transaction, both parties come away feeling very good about the deal they have just concluded. Both are likely to follow through on their respective promises, look forward to doing business together again in the future, and to refer others.
Ross Reck illustrates this with an example, when a senior vice-president of a bank approached him with concern that some of the competing banks wanted to go after some of the large depositors of his bank. These banks were trying to lure these wealthy customers by offering them significantly higher interest rates. But countering this with higher rates was expensive and it would have caused a price war resulting in everybody ending up not making money. Ross Reck suggested that the bank has to give a reason to stay for the valuable customers. He suggested to the senior VP to treat these customer in a different way. Provide them special attention; arrange gala events like afternoon tea parties for targeted customers. Invite them with engraved initiations. Serve tea and snacks with fine china and silver. Along with this, make sure the president of the bank or one of the senior officers was on hand at each of these events to mingle with the guests. These tea parties were smashing success. Instead of losing any of these wealthy customers, the bank actually began to attract new customers as the result of referrals from people who had attended some of the parties. This was truly Win-Win in action: The customers got what they wanted – special treatment that appealed to their egos – and the senior vice-president got what he wanted, in that he was able to hang onto these customers without having to match the interest rates being offered by the competition.
The Win-Lose Philosophy: “I get what I want from you at your expense.” In other words, I win and you lose and you know it. This philosophy does not motivate other people to stand in line just for the privilege of doing you a favour.
This is illustrated with another example. Ross Reck went to a local dealership with his family to buy a new car. After numerous test drives, the whole family liked a particular model and decided to go for it. They were then put on to the finance person, who took long time to process their request and give them details regarding the finance plan and procedures. The finance person told that the approved interest rate is 15.11 percent.  But when Ross Reck had a meeting with bank’s vice-president, he found that the interest rate was 11.9 percent for new car loans. When this was informed to the finance person, he reluctantly gave him 11.9 percent. But this has created a bad image about the dealer in Ross Reck’s mind. In the next two years, nine of his friends bought cars similar to his car. Each of them asked him about where he bought the car, his experience, etc. Because of the bitter experience he had with the finance person, he strongly recommended to avoid this dealer. It is very clear, because of trying to have a Win-Lose transaction with one person, the dealership lost nine more sales.
General Motor’s survey in 1990 on consumer behaviour also reiterates the importance of Win-Win philosophy in this customer centric business environment – A dissatisfied customer tells his experience to 22 people as against a satisfied customer who shares it with only 8.
It should be obvious at this point that if you want to be really successful as a salesperson, you must adopt the Win-Win Philosophy.
In the concluding part next month, I will be explaining the PRAM model of the Win-Win Negotiation process.
To be continued…