Flaunte January 2013 Edition - New Delhi Institute of Management

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Q7. Identify this Indian Face behind Google Q8. Park Jae-Sang has become a rage. What is the source or root of the word that made him this popular. Why did he use that word? Q9. How many FDI proposals were approved by Government of India worth Rs.1,310.60 crore recently? Q10. Which company launched '.Beat' range of hi-tech watches in India? For answers, Pleases visit at https://www.facebook.com/pages/Flaunte/158791384268262# VOX POPULI Will 'Phablets' gain market share from normal sized smartphones in 2013? To submit your views, kindly refer to the link: https://www.facebook.com/pages/Flaunte/158791384268262#
MYTHOLOGICAL MANAGEMENT LESSONS How to react to real time events and outcomes? In life we go through a variety of situations as time passes by. At times, we have a very happy moment because we achieved what we aimed for. For example, we got a pay rise or a promotion or a student got admission into his/her college of choice or a job aspirant got a job that he/she was looking for. We rejoice too much and celebrate it in such a magnitude that it is a sure recipe for disaster when some unpleasant moment unfolds later. Others get too egoistic and alienate themselves from others. There are times when the going has not been good. We invested in the stock market and lost money because the market price of the shares that we bought went down. An entrepreneur might continue to invest more money into a venture still not seeing the light at the end of the day. Alternatively, we lost the job, got a boss who harasses and so on. A student went with some method of preparation but the examination paper was of different resulting in poor performance. Many are unable to face this and slip into mental depression and create problems for themselves and others. Some others simply fall by the wayside not knowing how to react. Such events do unfold in everybody’s life every now and then. While this is common what is not common is our response to these emerging situations in life. Generally, if we observe a number of such situations we will find some broad patterns in our response to these situations. The table below captures some of these. It is a happy situation It is not a very happy situation We are on cloud nine. We want to celebrate We are in a state of depression and it in as grand a manner as possible. disappointment. We want to avoid thinking about it or talking about it. We take the full credit for the outcome. We We blame everyone and everything around realize how much potential we have and us for the failure. We even blame God for how well we are able to execute the task to being unfair to us. perfection that the result was indeed what it was. We feel we are next to none in this world. We feel we are absolutely worthless and the No force on earth can stop our progress and most unlucky person in the world. success. Often times we do not feel the need for We begin to feel the need for others around others and the feeling of “I” is at its peak. us and how it would have been if they have Supported and shared the burden. The “I” is cut to size and is almost non-existent. Relationship to developing leadership traits Such situations continue to unfold again and again many times in the future. Therefore, it is important to know the long term implications of this behavior. If we analyze the behavioural response to the good and not-so good situations as listed above, it becomes clear that we
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Flaunte January 2013 Edition - New Delhi Institute of Management

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