IMCI_Delhi-60th_ABCeMag-300911-HR.161202933
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D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
1<br />
n.o.<br />
Dear Readers,<br />
in this issue…<br />
Reflections 2<br />
Alag Tewar,<br />
Alag Flavour<br />
Remember the proverb,<br />
“Slow and steady wins the<br />
race.” Old stuff.<br />
We follow the new idiom<br />
“the fastest and the steadiest<br />
remains ahead…”<br />
Every fortnight, 60 times<br />
over, always on or before<br />
time, <strong>ABCeMag</strong> for you.<br />
Do we need to prove<br />
anything?<br />
Time for a bit of bragging ;-).<br />
Pardon the tone. Join the<br />
celebrations. You are right in<br />
the middle, play along…<br />
Alag Tewar, Alag Flavour<br />
continues…<br />
Cheers,<br />
Rajiv Khurana<br />
CMC, FIMC<br />
Editor<br />
Yo Report 3<br />
From Celebrity to Tranquillity 4-5<br />
If TIME were to step out from the<br />
Shadow of SPACE, could we Co-<br />
Create a Wiser Low-Carbon and<br />
Cultural-Rich Future?<br />
Is Corporate Excellence a Mirage<br />
and its Search a Wild Goose<br />
Chase ?<br />
Management Transformation -<br />
hierarchy to networking<br />
Managers – Complexion and<br />
Calibre<br />
Managing for Institutional<br />
Excellence<br />
An Overview of Working Capital<br />
within Financial Management<br />
6-9<br />
10-12<br />
13-15<br />
16-17<br />
18-24<br />
25-27<br />
Sexual Harassment in workplace 28-35<br />
Why it’s great to be a MAN in the<br />
office?<br />
36-37<br />
Tips for Consultants 38<br />
About <strong>IMCI</strong> & Code of Ethics 39<br />
Misc. 40
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
2<br />
Alag Tewar,<br />
Alag Flavour<br />
Dear Readers,<br />
Time just flies… April 16,2009 seems just<br />
the other day… the day a little baby, aptly<br />
named <strong>ABCeMag</strong> (representing Academia,<br />
Business and Consulting) was born, just 15<br />
days after my predecessor, Rajiv Khurana,<br />
whose idea it was to publish an eMag, took<br />
over the Chairmanship of <strong>IMCI</strong> <strong>Delhi</strong>. On<br />
that auspicious day, for all of us in the<br />
three organizational spaces of academia,<br />
business and consulting, no one probably<br />
ever imagined that October 1,2011 will<br />
arrive so soon and our little baby would be<br />
60 issues young with such a huge domestic<br />
and global reader base. Even more amazing<br />
is the fact that each one of these issues has<br />
been released either on or before time. On<br />
this momentous occasion, I am sure all of<br />
you would join me in sparing a thought and<br />
in your own way acknowledge the single<br />
minded devotion and contribution of the<br />
one and only RAJIV KHURANA. To him goes<br />
all the credit for the 60 treasures that we<br />
have and the infinite more treasures that<br />
we shall have in the future.<br />
I SALUTE YOU RAJIV AND I AM SURE I AM<br />
NOT ALONE. WITH ME ARE ALL THE<br />
READERS…!<br />
Sumit Chaudhuri<br />
CMC, FIMC<br />
Chairman, <strong>IMCI</strong> <strong>Delhi</strong><br />
One of the<br />
serious<br />
problems today<br />
is the growing<br />
supply of<br />
information. To<br />
try to go<br />
through all the<br />
information and<br />
to note the<br />
significant<br />
aspects is<br />
becoming like<br />
drinking water<br />
from a hose<br />
pipe. In such a<br />
situation, ABCe<br />
Mag is a<br />
blessing as it<br />
gives significant<br />
information in a<br />
concise and<br />
readable form.<br />
Sharu S<br />
Rangnekar<br />
CMC, FIMC
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
3<br />
Alag Tewar,<br />
Alag Flavour<br />
The Second Idea Ball, the Inter-Campus B-Schools’ Presentation Competition was<br />
organized jointly by The Institute of Management Consultants of India (<strong>IMCI</strong>),<br />
<strong>Delhi</strong> and Jagannath International Management School (JIMS), Kalkaji, New<br />
<strong>Delhi</strong>. The event was operationalised by a team from JIMS Kalkaji, under the<br />
guidance of Dr. Amit Gupta, Chairman and Dr. (Cdr.) Satish Seth, Director with the<br />
organizing team consisting of faculty members and students. The event was<br />
managed with active collaboration of <strong>IMCI</strong> Office Bearers, namely, Mr. SA Khader,<br />
Member, Mr. Anand Chabra, Honorary Treasurer and Mr. Sumit Chaudhuri,<br />
Chairman.<br />
Eight teams from various Business Schools of <strong>Delhi</strong> and NCR participated in the<br />
competition through a twelve minute power–point presentation, followed by a<br />
grilling question-answer session from the judges and the audience.<br />
The Guest of Honour, Mr. Vivek Nanda, Head - Direct Sales, North, Sharp Business<br />
Systems Limited emphasized the need for professionalism including the<br />
importance of punctuality. The panel of judges comprised of Mr. VK Verma,<br />
General Manager - HR, TCS Ltd, Ms. Suguna Swaminathan, Senior Manager - HR,<br />
BHEL, Mr. Indraneel Das. Manager Training, Raymond India Ltd. and Ms. Rakhi<br />
Ruhal, Manager Evaluation, AIMA, who conducted an enlightening feedback<br />
session about the event and for the participating teams.<br />
JIMS Kalkaji’s Mr. Abishek Somal, Mr. Abishek Pandav and Mr. Himanshu Pachori,<br />
were declared the winners, followed by IIHMR, Dwarka’s, Dr. Kanchan Dua, Mr.<br />
Mandeep Singh Arora and Mr. Manish Jain who were the Runners Up. All the<br />
participating team members were presented with Merit and Participation<br />
Certificates as also Gift Hampers from Dabur India Ltd.<br />
The vote of Thanks on behalf of <strong>IMCI</strong> <strong>Delhi</strong> and JIMS Kalkaji was presented by Mr.<br />
Khader from <strong>IMCI</strong>.<br />
- Sanjeela Mathur
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
4<br />
The basic qualities that lead to success of an individual<br />
are Ego, Envy, Expectations and Insistence. Ego makes<br />
the person believe that he is different from ordinary<br />
people and is destined to achieve something remarkable.<br />
Envy makes him look around at people achieving success<br />
and makes him try to exceed their achievement.<br />
Expectations are his desire to derive more from himself<br />
and others around him so that he can achieve great<br />
results. Insistence is his tenacity to focus on the results<br />
and follow up with people to achieve the result. Without<br />
these four characteristics a person may not achieve a<br />
great deal and will lead a mediocre life - described by<br />
Urdu poet Akbar Allahabadi:<br />
Kya kahein ahbab kya kya kaare numaya kar gaye<br />
BA hue, naukri mili, pension mili, mar gaye<br />
Alag Tewar,<br />
Alag Flavour<br />
Sharu S.<br />
Rangnekar<br />
CMC, FIMC<br />
AManagement<br />
Educator with<br />
considerable<br />
experience in<br />
conducting<br />
Management<br />
Development<br />
programmes.<br />
www.sharurangnekar.com<br />
What can I say what great deeds my friend has<br />
performed,<br />
Got B.A, got a job, got pension, passed away<br />
Eventually success makes him a celebrity: small, medium<br />
or large. However, the aura of celebrities is destined to<br />
vanish and this creates a great problem to those who<br />
achieved celebrity status. When the limelight moves<br />
away, they find their life suddenly darkened and this puts<br />
them onto a cross road. One route is the frustration –<br />
bitterness – depression route. The other is to taper off<br />
the ego-envy-expectations-insistence aspects to achieve<br />
tranquility.<br />
Most people take the route of frustration –bitternessdepression.<br />
The loss of celebrity status gets them<br />
frustrated and makes them angry with people around<br />
them. The people around them also react negatively to<br />
these former celebrities. Ultimately, the celebrities end<br />
in having feeling of bitterness against those around. They<br />
feel that the world has become ungrateful and eventually<br />
drift into despondency and depression.
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
5<br />
Those who have built their success on money, status and<br />
power get into this route very easily because these three<br />
commodities decline very fast in the life of celebrities.<br />
However, there is another success in life: autonomy,<br />
creativity and integrity. Here people are doing what they<br />
like to do. They are creative and stick to their values. Very<br />
often this route does not give them a celebrity status as<br />
high and visible as the money-status-power route.<br />
However, the autonomy-creativity-integrity arise<br />
essentially from within the person and so are not affected<br />
by the loss of celebrity status. After all celebrity is seeing<br />
at yourself through the eyes of others. If a person likes<br />
the work he is doing, the work satisfies his creative<br />
instincts and enables him to stick to his values, his position<br />
in the eyes of others does not affect him as he is able to<br />
look at himself through his own eyes.<br />
If he is able to switch off are his Ego, Envy, Expectations<br />
and Insistence, he can reconcile himself to the post<br />
celebrity life. This switching off mechanism is obviously<br />
very difficult and very few are successful.<br />
Thus, the ability of a person to recognize that he is “going<br />
down the hill” and being reconciled to it is essential for his<br />
tranquility in the period after the celerity status gets<br />
diminished. The higher you rise the harder is the fall!<br />
Everybody does reconcile to some extend in the physical<br />
aspect. After all a person at the age of 80 cannot lift<br />
weight or carry out physical exertion as much as a person<br />
at the age of 40. So sportsmen do retire at a point<br />
accepting they are going down the hill. However, when<br />
the celebrity status is based intellectual ability the person<br />
does not readily accept he is going down the hill. He feels<br />
the world is not accepting him as it is basically ungrateful.<br />
Alag Tewar,<br />
Alag Flavour<br />
Thus, the aspects of Ego, Envy, Expectations and Insistence<br />
remain with us from birth to grave and what gives us<br />
celebrity status can lead us to a possible misery – unless<br />
we can subdue these on ceasing to be celebrity.
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
6<br />
Alag Tewar,<br />
Alag Flavour<br />
Dr. Charles M. Savage,<br />
author of Fifth<br />
Generation Management,<br />
has been for years on the<br />
cutting edges of<br />
leadership changes.<br />
Born and raised in Hawaii,<br />
he’s been teaching MBA<br />
Leadership courses in<br />
Germany, Sweden and<br />
India.<br />
Even after these many centuries, TIME still puzzles us.<br />
The headline of a recent German publication focuses<br />
on the ‘Mystery of TIME’ *GEOkompakt, Nr. 27]. And<br />
FQXi just held an international conference in Norway<br />
and Denmark “Setting Time Aright.”<br />
[http://fqxi.org/conference/2011]<br />
We remember Aristotle’s definition of time as<br />
movement in terms of before and after. St. Augustine<br />
said that when asked, he was puzzled. Newton<br />
maintained SPACE and TIME are both absolute and<br />
separate. Einstein welded SPACE and TIME together<br />
(SpaceTime) and argued they are relative.<br />
Modern technology is enabling us to define units of<br />
TIME in Pico-seconds. This is important for our GPS<br />
coordinates, the functioning of the Internet and<br />
Algorithmic trading on some of the stock exchanges.<br />
Yet, does this really explain time? Are we not really<br />
measuring movement or duration in SPACE?<br />
Does TIME have its own nature apart from SPACE?<br />
SPACE is so all-present to us in every-day life, that it is<br />
hard not to think in spatial categories. Moreover, our<br />
eyes see things in SPACE and our brain transmits this<br />
information<br />
to the visual cortex in the back of our heads. We use<br />
spatial metaphors to think about TIME, i.e. there<br />
seems to be a physical distance between our PRESENT<br />
and our PAST. Likewise, the FUTURE is out there –<br />
more distance. But is this really the way TIME works?<br />
This past March at a workshop at the Royal Society in<br />
London we were reflecting on Ibn Al-Haytham’s “Book<br />
of Optics,” started exactly 1,000 years ago this year.<br />
Were his “optics” of both SPACE and TIME, or just the<br />
former? It quickly became clear he was just focusing<br />
on light and position in SPACE. Is there a book about<br />
the Optics of TIME?
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
7<br />
Alag Tewar,<br />
Alag Flavour<br />
Are these like the three coordinates of things in SPACE?<br />
NO, we never really seem to see things in TIME within these three dimensions all<br />
at once. They are always separated (a spatial concept). Perhaps TIME perception<br />
does not function like spatial perception and we have no “temporal cortex” in our<br />
brains. What if we were to take SPACE out of TIME so that “spatial distances”<br />
disappear?<br />
Were we to do this, the PAST would not be “back<br />
there,” but instead “right here.” The FUTURE<br />
would not be “out there,” but also “right here.”<br />
Even if this does not seem natural, let’s explore<br />
how this might work.<br />
Might we use the metaphor of “Additive Color Theory” with its three<br />
overlapping disks of the primary colors: Red, Blue and Green? We quickly<br />
notice that at the overlaps, something very interesting occurs. We discover<br />
the secondary colors: Yellow, Magenta and Cyan. And in the middle White<br />
emerges.<br />
What if the three dimensions of TIME were to overlap? Would we see just the<br />
PAST, PRESENT and FUTURE or would we see nuances and interrelationships at<br />
the overlaps? And were we to look as something within this context, might<br />
new “insights” emerge? Perhaps, but this is not as automatic as with Additive<br />
Color Theory. Why not?<br />
Again, we are looking at a spatial representation of color. If we take SPACE out<br />
of TIME, we might need to “see” time in a much different way. Perhaps we<br />
cannot count on a static representation within the realm of TIME, but need to<br />
understand the dynamics of the interaction between the three elements of<br />
TIME.<br />
What if we were to use a second metaphor, that of a jazz trio? Jazz musicians<br />
are extremely accomplished, yet when they play they are always open to the<br />
unexpected. The improvisations of the one inspire an answering dialogue from<br />
the other. Suppose that for the secondary colors to emerge, the three primary<br />
colors would need to enter into a jazz like dialogue. Moreover, for White (new<br />
insights sparking further improvisation) to become visible, might the<br />
underlying patterns of the primary and secondary colors need to have an<br />
even more intensive improvisational dialogue?<br />
Suppose something unexpected happens in the PRESENT. We rightly ask,<br />
“What’s happening and why?” Might it be due to events in the PAST? Or could<br />
it be because of anticipations in the FUTURE?<br />
TIME takes on texture within our reflective selves. Our curiosity and questions<br />
open windows of understanding in the dynamics of TIME. This can be very<br />
energizing. In addition, this dialoguing may bring ideas about how to better<br />
co-create the future in a wise and thoughtful manner. Here we have a third<br />
metaphor at work. Instead of TIME being something in and of itself, it really is<br />
the “canvas of life” upon which sketch and paint our individual and<br />
communities stories in real time.
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
8<br />
Alag Tewar,<br />
Alag Flavour<br />
Notice the color of TIME is not visible in SPACE, but becomes visible<br />
within the inner dialoguing of our rational and empathetic selves.<br />
Moreover, because of TIME’s complex dynamics, we need one another<br />
to check, compare and inspire deeper reflections. In other words, TIME<br />
does not just happen within myself, but between ourselves!<br />
Remember how in 1758 Carl Linnaeus gave us the benefit of the doubt<br />
in calling humans:Homo Sapiens Sapiens. As we know, “Sapiens” means<br />
wise, so he doubles it for Humans who are to be “wisely wise.” Did he<br />
see possibilities within humankind that we haven’t really noticed or<br />
even tried to reach? Is there something more to live yet to be<br />
discovered?<br />
The 2009 film “The Age of Stupid,” suggests we have a long way to go<br />
to live into Linnaeus’ vision of the possibilities of human life. Perhaps<br />
he saw life is not just accumulating things, but instead it is lived in the<br />
inner dialoguing of TIME within and between ourselves?<br />
Aristotle had three forms of knowing: Techne, Episteme and Phronesis.<br />
Techne refers to ‘know how,’ or technologies. Episteme indicate ‘know<br />
why’ or the theory of how things work. Phronesis is ‘wise judgment.’<br />
Our schools and training in organizations focus on the first two, but<br />
tragically leave out Phronesis. Perhaps this explains why the movie on<br />
stupidity has had to be made.<br />
How might we learn to truly live wisely?<br />
Is it not time for TIME to step out of the shadow of SPACE and realize<br />
its real potential?<br />
Perhaps in this way, we can actively co-create a low-carbon economy<br />
that is also culturally rich. It may well be that the really renewable<br />
energy is the energy within each of us supported through cultural<br />
metabolism; and were this to happen, we’d have an engaging global<br />
economy that provides adequate work for all because TIME is<br />
abundant whereas SPACE is scarce, i.e. clock time, a creation of SPACE<br />
is also scarce as we know.<br />
Our economies have always been in SPACE, be they the ‘hunters and<br />
gatherers,’ the ‘agricultural era,’ the “industrial era,” and now the<br />
emerging ‘green economy’ and maybe the ‘blue economy.’ Yet, we<br />
understand that our resource usage cannot continue and we need to<br />
decouple GDP growth from its tightly coupled use of energy and other<br />
resources<br />
[www.unep.org/resourcepanel/Publications/Decoupling/tabid/56048/Default<br />
.aspx].<br />
This means humans are facing the most profound challenge we’ve ever<br />
faced if we wish to live more wisely and well. Might we move beyond<br />
to a SPICE ecoNOMY? [Spirited People, actively Improvising, Co-<br />
Creating and Educating.]
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
9<br />
Alag Tewar,<br />
Alag Flavour<br />
These thoughts are shared not as a<br />
blueprint of the future, but to invite<br />
and inspire us all to enter into a<br />
more intense dialogue where we<br />
look back to the wisdom of the PAST<br />
in our various cultures (i.e. the<br />
Dharma) to gain new insights in<br />
facing today’s challenges. Only in<br />
this way can we co-create a much<br />
wiser FUTURE. As we see the<br />
overlapping dynamics of the PAST,<br />
PRESENT and FUTURE, there may<br />
emerge in the center the white light<br />
of new and inspiring insights<br />
[VENNergizing TIME]. And it is these<br />
insights that will energize us for the<br />
tough and challenging work ahead.<br />
This takes active listening, questing,<br />
dialoguing, reflecting and<br />
improvising. The good news is that<br />
as we engage in this process, we<br />
begin to sense the transition is<br />
possible because of the jazz like<br />
improvisational nature of TIME.<br />
Is it not time to find our potential<br />
wisdom as we shine our lights on<br />
the dynamic and energizing inner<br />
dialoguing of the three elements of<br />
de-spatialized TIME? Perhaps in this<br />
way we can actively co-create a<br />
wiser low-carbon and culturally-rich<br />
FUTURE. Sorry Albert, but we need<br />
to de-weld SPACE and TIME so<br />
each of us can have presence in our<br />
own unique and individual ways.<br />
Through this we can experiences a<br />
much richer being by improvising in<br />
community upon the canvas of LIE<br />
in wiser and more creative ways!<br />
SPACE, please step aside and let<br />
TIME become visible once again in<br />
its own unique ways.
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
10<br />
Alag Tewar,<br />
Alag Flavour<br />
An international<br />
economist and<br />
consultant having<br />
worked with the<br />
institutions like<br />
United Nations and<br />
Asian Development<br />
Bank and a large<br />
number of public<br />
and private sector<br />
organisations in<br />
India and overseas.<br />
Accredited Fellow of<br />
<strong>IMCI</strong> and others.<br />
The Fashion<br />
For quite some time, since the publication of In Search of<br />
Excellence by Thomas J. Peters and Robert H. Waterman<br />
Jr., excellence in corporate management and institutional<br />
space has been in fashion, Several studies have focused<br />
on corporate excellence which has been variously<br />
defined. Many institution have been created using the<br />
enchanting term ‘excellence’ such as Centres of<br />
Excellence. Similarly, a number of management books<br />
have been produced and the executive development<br />
programmes designed using the term ‘Excellence’.<br />
Corporate strategies and techniques are designed and<br />
developed targeting good corporate governance.<br />
The Borrowed Techniques, the Base<br />
Like TQM (Total Quality Management) and BPR (Business<br />
Process Reengineering), the concept of corporate<br />
excellence may also wane in due course like BPR which<br />
The Economist of London described as a management<br />
fad. Even Balanced Scorecard is slowly losing its shine.<br />
Among other reasons, all these new management<br />
concepts, techniques or systems have been focused on<br />
some specific breakthrough ideas but using the<br />
techniques developed by basic management strategies<br />
and systems. The new techniques are pushed by the<br />
authors, consultants and media prompted by a need to<br />
make thrusts with highly branded users, principally<br />
consultants and resourceful corporates. Six Sigma, for<br />
example, attempts to adopt efficient processes in order<br />
to achieve high performance measured by Six Sigma. The<br />
innovation in Six Sigma is to focus on a statistically<br />
measured target of efficiency. Take another, quality<br />
management in the form of TQM (Total Quality<br />
Management). It uses among others measurable targets<br />
through processes and human resource development<br />
techniques.<br />
Most organisations (or their component constituents)<br />
put the epithet of ‘excellence’ only to say that they<br />
propose and plan to deploy techniques and systems<br />
which will lead the organization or its constituents to<br />
achieve highest rates of efficiency and goal achievement<br />
coefficients.
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
11<br />
The Concept and Parameters<br />
Corporate Excellence is a concept which, in fact, only<br />
means that in all facets and dimentious of corporate’s<br />
operations, it will strive to achieve benchmarks. In most<br />
cases, neither the benchmarks are unique nor are the<br />
processes of their achievement.<br />
The concept of corporate excellence basically implies<br />
corporate management which drives steady and<br />
consistent comparative high level of sustainable growth<br />
and mutidimensional performance. Since the structure,<br />
field of activity, uses and objects differ, the content<br />
configuration also takes varying forms. It manifests itself<br />
in diverse ways and is not a single point or a single track<br />
phenomenon.<br />
In a study on the central public sector in India (cier-scope<br />
study titled ‘A Symbol of Corporate Excellence’, we had<br />
identified a number of dimensions of corporate<br />
excellence: exploring new markets and accessing<br />
resources by forging strategic alliances; empowerment<br />
through innovative management interventions; attaining<br />
high levels of financial performance leading to global<br />
competitiveness; streamlining the processes of<br />
technology upgradation for gaining the cutting edge;<br />
fulfilling social goals through multidimensional<br />
initiatives; adopting new directions of people<br />
management, a critical driver of performance taking<br />
continuing care of the environment and serving the<br />
mission to save the planet; and integrating corporate<br />
development with inclusive social and economic growth.<br />
Now the million dollar question: Which contemporary<br />
and vibrant business organisation should not strive to<br />
achieve these parameters? What it achieves is a different<br />
matter. But corporate excellence does not itself suggest<br />
any specific techniques away from what are already<br />
known. And if one achieves all this, it has to be at the<br />
top of the world – in its area of operation. All are not at<br />
the top despite their march towards the goals. Corporate<br />
Excellence has, therefore, varying levels.<br />
Alag Tewar,<br />
Alag Flavour
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
12<br />
Alag Tewar,<br />
Alag Flavour<br />
The Real World<br />
The ground realities are often different. Every<br />
organization exists in a real world – a world of diverse<br />
uncertainties. The uncertainties are often external. And<br />
when these occur and manifest themselves in different<br />
shapes and rigours, the strategies to deal with them will<br />
differ to be tailored accordingly. If Lehman Goldman<br />
Sachs or AIG, the leading business operators of the<br />
world, stumble and affect the fortunes of corporates<br />
located in Kolkata or Coimbatore, the responses have to<br />
be different. No measure of corporate excellence can<br />
prevent the turbulences. And the strategies will have to<br />
be different in divergent situations: location, field of<br />
operation, size, structure and governmental and business<br />
environment.<br />
No corporate can sit on a pedestal which could be styled<br />
as the pillar of corporate excellence unless it has to be<br />
conscious that it has to continue to work for the goal<br />
adjusting itself to the ever changing scenario.<br />
The fortunes change in the twinkling of an eye – be it an<br />
error of judgment in corporate decision making, such as<br />
a faulty merger and acquisition decision, a new market<br />
alliance or penetration in a new market. Often the<br />
emergence of a new market leader could upset the<br />
corporate health and generate turbulence.<br />
Corporate Excellence is not an absolute concept or<br />
epithet. It lies in the dynamism of the management to<br />
sail in turbulent waters of the present day business<br />
world. Corporate Excellence is a goal not a milestone.<br />
And there are many milestones, not one. The milestones<br />
are not in a series, they are multi-directional moving<br />
concomitantly. A deficit in one will impact others.<br />
When a deficit occurs, the management consultant can<br />
make a wholesome contribution. With a wider exposure,<br />
a consultant can play a significant role in diverse stages<br />
of the march towards Corporate Excellence.<br />
Surprisingly, The central task of a management<br />
consultant always is, whatever the context, to make<br />
move towards the goal of Corporate Excellence – never<br />
mind that the goal is illusory. Dreams are always illusory<br />
but good dreams are worth dreaming and pursuing with<br />
passion and commitment.
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
13<br />
Managing in industrial economy was much simpler.<br />
There was clear demarcation of thinkers and doers.<br />
Thinking was the job of managers. Doing was the job of<br />
workers and employees. They were supposed to follow<br />
instructions and keep doing what they were told to do.<br />
There was simple functional hierarchy of white collar and<br />
blue collar. The hierarchy is depicted at figure 1<br />
White-<br />
Collar<br />
Blue -<br />
Collar<br />
Alag Tewar,<br />
Alag Flavour<br />
Ramesh Tyagi<br />
CMC, FIMC<br />
An international<br />
consultant having<br />
experience of<br />
working in ten<br />
developing<br />
countries as a<br />
consultant to an<br />
international<br />
organisation.<br />
The only issue was how to make the workers more<br />
efficient.<br />
Frederick Taylor did pioneering work in this direction<br />
and wrote The Principles of Scientific Management in<br />
1911. (It can be downloaded free of charge on i pad or<br />
kindle). He believed that workers did not work to their<br />
full capacity and used the word ‘soldiering’ which means<br />
working more slowly than one's capacity or loafing. He<br />
stressed upon efficiency and productivity of workers.<br />
Taylor mentions “---the best management is a true<br />
science, resting upon clearly defined laws, rules and<br />
principles as a foundation and further to show that the<br />
fundamental principles of scientific management are<br />
applicable to all kinds of human activities--.” He<br />
suggested methods to improve efficiency but missed the<br />
most important element of management that people<br />
were not mere units of production but were human<br />
beings and had feelings hopes and aspirations and<br />
tremendous potential for thinking, creativity, innovation<br />
and improving things.
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
14<br />
Between 1908 and 1913, Ford focussed on increasing productivity through<br />
standardisation and specialised division of labour in mass production. Increase in<br />
productivity lowered the price of automobiles, making them widely affordable.<br />
However, the degree of vertical integration was very high. The company maintained a<br />
high-level of in-house production of different parts used in the assembly of cars. This<br />
is unthinkable in present system of manufacturing when more than 60 percent<br />
components are outsourced.<br />
In this era, management was simple as it was related to observation and calculations.<br />
The transition from Industrial economy to Knowledge economy is depicted at figure 2<br />
Industrial<br />
Economy<br />
Transition<br />
Knowledge<br />
Econmy<br />
IT-enabled<br />
NETWORKS<br />
As the economy was globalised and transformed from industrial economy to<br />
knowledge economy, management became much more complex.<br />
The knowledge economy is the term popularised by Peter Drucker. He used this term<br />
in his book The Age of Discontinuity saying that knowledge resources such as knowhow<br />
and expertise are as important as other resources.<br />
New ideas and concepts were developed to solve management issues particularly in<br />
the area of strategy and human resource development which was neglected in the<br />
industrial era. For example in the year 1995, Daniel Goleman wrote Emotional<br />
Intelligence: Why it can matter more than IQ. Japanese made great strides in involving<br />
workers on car production lines through concepts such as kaizen (continuous<br />
improvement)<br />
According to Bowker, the company responsible to assign ISBN number to the<br />
publishing industry, more than 11000 business books are published every year.<br />
Amazon.com carries more than 630,000 business related books in addition to audio<br />
books and e-books. As per one estimate, there are 527 major business related<br />
journals and 110 million business-related blog posts which is growing every day. It is a<br />
challenge to keep up-dated on what is new in business related ideas and precepts.<br />
However, too much complexity and abundance sometimes obscures the purpose and<br />
keeps people away from bias for action.<br />
“After all is said and done, there is usually more said than done.” Anon<br />
Alag Tewar,<br />
Alag Flavour
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
15<br />
IT-Enabled Network Organisation<br />
"The intuitive mind is a sacred gift and the rational mind is a faithful servant.<br />
We have created a society that honors the servant and has forgotten the gift." Albert<br />
Einstein<br />
Innovation and creativity is the lifeline of the present day business. Creativity is a<br />
collaborative activity in which people develop and share ideas together. .We are now<br />
in an era of networking and connectivity. Industrial era management was preoccupied<br />
with organising the mass production systems. The networking and web connectivity<br />
could make innovation and creativity a mass activity. Web allows the best minds in<br />
an area to work together on common problem.<br />
Concept of networking in simple terms is depicted at figure 3<br />
Alag Tewar,<br />
Alag Flavour<br />
Information technology has made tremendous impact on management. Technological<br />
advances have provided huge opportunities for networking and fast communication<br />
To understand the power of networking, let us look at the structure of human body.<br />
Human body is a collection of highly complex networks including our brain, nervous<br />
system, circulatory system and immune system etc. Let us think for a minute what<br />
happens if this network collapses. In the word of Beinhocker “If you took away the<br />
network system of the human body, we would each be nothing more than a small box<br />
of chemicals and half a bathtub’s worth of water.” (The origin of wealth, 2006)<br />
Imagine the state of economy without the network of roads, railways, electrical grids,<br />
gas lines, radio waves; television signals, air services and optical cables etc. The<br />
matter, energy and information flow through these networks and keep the economy<br />
vibrant..<br />
The new IT-Enabled Network Organisations allow Information Transparency when<br />
Information is made freely available to all in the organisation who might act on it. The<br />
information is released only to those who need to act on the information. Network<br />
organisation is extended beyond physical boundaries of a traditional organisation. The<br />
suppliers and customers are connected through network. Organisations outsource the<br />
areas which are not their core –business and networked for effective coordination.<br />
In sum, management transformation has taken place from Hierarchical to IT-Enabled<br />
network organisation. Management was simple in industrial era. It is more complex<br />
and challenging in the present economic environment. Innovation, IT, Networking and<br />
Human Resource Development are the key issues
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
16<br />
Alag Tewar,<br />
Alag Flavour<br />
T Ramaswamy<br />
CMC<br />
MBA from IIMA,<br />
Certified<br />
Management<br />
Consultant with 35<br />
years' consulting<br />
experience in value<br />
based<br />
management.<br />
Management is the art of getting things done through<br />
others. Good management is scarce despite advancement<br />
in management concepts and techniques. Managerial<br />
performance varies depending on the style they adopt and<br />
the impression they create on their subordinates. It is<br />
interesting to consider some specimens of mangers and<br />
their roles.<br />
The bullying Manager<br />
This type of managers believe the best way to manage is to<br />
shout at their subordinates even for trivial omissions and<br />
errors. More than men women are likely targets for these<br />
managerial sharks? They think it is their right to bully the<br />
helpless victims. The results they achieve are doubtful and<br />
they easily create hostility in the organization.<br />
The Clerical manager<br />
The Clerical Manager drives employees mad. He discharges<br />
no other function. He is more concerned with appearances<br />
of the employees, how they dress and behave in office and<br />
is least bothered about their performance on the job.<br />
The Goal Post manager<br />
He believes in favoring selected employees particularly<br />
women and gives them lavish concessions and benefits at<br />
official cost. If favors are denied they resort to harassment<br />
by creating obstacles for high performance to employees.<br />
For e.g., when an important task is to be executed at a far<br />
off port they see to it the employee is denied access to<br />
supporting staff or transport.<br />
The Managerial Moron<br />
He is an incompetent manager who is pushed into<br />
positions of power by unusual combination of<br />
circumstances, often the spillover results of favoritism.<br />
Somehow he got promoted to a managerial post. He has<br />
no idea of the job to be done or his responsibility except<br />
that of drawing salary every month. He manages with the<br />
help of his clout to persuade his colleague to run his<br />
department, regardless of his colossal incompetence. He<br />
tries to be in the good books of his boss.<br />
The Managerial Spy<br />
He likes to spy on employees hoping to trap his colleagues<br />
or employees committing minor omissions. Invariably he<br />
uses the occasion to increase his popularity.
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
17<br />
Alag Tewar,<br />
Alag Flavour<br />
Tough minded Manager<br />
He assumes that people are lazy and must be goaded to<br />
perform. He uses fear and intimidation as a tool of<br />
guaranteed response. He forgets that usually his action<br />
ends up in temporary compliance only.<br />
The Satin Cloth manager<br />
. He believes in the inherent goodness of the employees<br />
and that people want to do a good job. He may get a<br />
response with this approach, but is unlikely to get the best<br />
response. In reality contrary to expectations he is more<br />
likely to be taken advantage of by the employees.<br />
The Practical Manager<br />
He realizes that he doesn't have to act tough all the time. If<br />
employees perform their tasks earnestly and there is no<br />
emergency that requires immediate intervention, he takes<br />
a back seat and give them free hand do their jobs. By doing<br />
this he not only teaches employees to be responsible, but<br />
is able to concentrate fully on the most important things<br />
that contribute the success of the organization.<br />
The Leader<br />
He is participative and shares decision making with team<br />
members. Consensus leaders encourage group discussion<br />
about a problem and make a decision based on the<br />
consensus. He knows that each idea must have intention<br />
behind it, and the intention must be to transform the way<br />
people see themselves, to uplift, to enlighten, to<br />
encourage, to entertain.<br />
He has the ability to lead others based on personal charm,<br />
the ability to inspire trust within the organization. He can't<br />
be bought. He allows the individual departments to run<br />
autonomously to meet their goals. He expects everyone to<br />
use his mind and heart on the job. He builds a team<br />
composed of members that shared his vision and is willing<br />
to support his quest for excellence. His highly loyal and<br />
motivated staff rises to the challenges provided by their<br />
leader and continues to strive to be industry's best.<br />
Any progressive organization would benefit by identifying<br />
the type of mangers it has in its fold and to design training<br />
programs to correct or supplement their tendencies as<br />
they affect the performance of the organization. Seldom<br />
does an organization get an ideal manager who is fully<br />
identified with the goals of the organization.
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
18<br />
Alag Tewar,<br />
Alag Flavour<br />
S A Khader<br />
CMC, FIMC<br />
A productivity &<br />
competitiveness<br />
consultant and a<br />
consultant trainer,<br />
with life-time<br />
association with<br />
Indian productivity<br />
movement<br />
Preamble<br />
Institutions of higher learning, whether<br />
managed by government or private<br />
entrepreneurship, have become the<br />
modern temples of learning to transform<br />
and groom the much needed human<br />
resource to the dynamic and fast changing<br />
national & global economic and societal<br />
scenario. Managing these institutions has<br />
become a great challenge in balancing the<br />
social goals such as developmental<br />
philanthropy of education sector vis-à-vis<br />
the compulsive commercial goals of<br />
knowledge transfer and providing academic<br />
& technical qualifications. Above all,<br />
maintaining continued excellence in an<br />
academic environment and relating the<br />
faculty to the demanding requirements of<br />
the key stakeholders namely the students<br />
(parents) in terms of placement and<br />
beneficiaries like the industry & economy in<br />
value-adding human resource are the<br />
cardinals in the process of managing to<br />
survive, sustain and grow in this sector.<br />
Conceptual Framework for Institutional<br />
Excellence<br />
Students with different academic & sociocultural<br />
background and abilities join a<br />
Higher Technical Institute with the objective<br />
of becoming successful Engineers &<br />
Managers. It is an onerous challenge that<br />
this institution faces in taking their present<br />
abilities and skills to a level where they<br />
would successfully perform & contribute in<br />
industry. To fulfill this challenge, the<br />
academic inputs are given through<br />
competent faculties under learning-
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
19<br />
NATIONAL / GLOBAL TECHNOLOGICAL ENVIRONMENT<br />
P<br />
A<br />
R<br />
E<br />
N<br />
T<br />
S<br />
&<br />
S<br />
O<br />
C<br />
I<br />
E<br />
T<br />
Y<br />
A<br />
INCOMING<br />
STUDENTS<br />
•Zeal<br />
Enthusiasm<br />
Commitment<br />
Passion<br />
Ethos<br />
Family Values<br />
Career Vision<br />
KNOWLEDGE –WARE<br />
Faculty, Learning Environment, KM &<br />
KT Systems, R & D, Student<br />
participation, Software & Connectivity<br />
Institute of<br />
higher<br />
Learning &<br />
Research<br />
PHYSICAL INFRASTRUCTURE<br />
Class-room, Labs/Workshop,<br />
Library, Hostel, Canteen, IT-<br />
Infrastructure, Extra Curricular s &<br />
Administration.<br />
ENGINEERS/MA<br />
NAGERS/<br />
RESEARCH<br />
•Placement in<br />
reputed Industries<br />
•Techno-<br />
Economic/<br />
Societal<br />
contribution.<br />
•State of the art<br />
Knowledge,<br />
Research &<br />
Innovation<br />
Capabilities with<br />
Service<br />
Orientation<br />
NATIONAL & STATE GOVT.- REGULATORS & MEDIA<br />
D<br />
B<br />
M<br />
A<br />
R<br />
K<br />
E<br />
T<br />
&<br />
I<br />
N<br />
D<br />
S<br />
T<br />
R<br />
Y<br />
environment, which is constituted significantly by the available infrastructure.<br />
The role of infrastructure is observed to be gaining importance from the<br />
perspective of students, parents and contemporary institutions, considering the<br />
emergence of 5-star environment of teaching-learning place/campuses. Alongwith<br />
this, emphasis is laid on professionalism, value-development & ethics as well as<br />
commitment towards excellence and these have become essentials to bring out<br />
successful professionals, who would be looking forward (as motivated citizens<br />
having professional attitude) to serve economy and society. The above conceptual<br />
frame-work depicts the above mentioned thought processes involved in the<br />
transformational processes.<br />
Towards achieving institutional excellence; three strategies come to surface<br />
under this conceptual framework. These are; i) creating inspiring learning<br />
environment charged with visionary academic leadership, ii) catalyzing and<br />
directing the human resource with appropriate and state-of-the-art infrastructure<br />
and iii) developing & maintaining very supportive and useful relationships with<br />
external stakeholders leading to attractive branding. In addition, the processes of<br />
participatory goal setting with the faculty is the effective means of voluntarily<br />
harnessing their full potentials to ensure world-class outputs in terms of<br />
knowledge development and transforming the young citizenry to scientists,<br />
technologists & engineers as well as administrators & managers.<br />
Alag Tewar,<br />
Alag Flavour
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
20<br />
Visionary Institutional Management<br />
The current institutes of engineering and management are<br />
no longer mere institutions of higher learning and<br />
academic excellence, but they have become a kind of<br />
business enterprises turning out human resources needed<br />
for the market. Towards achieving this it has primarily two<br />
internal factors namely the deployment of motivated<br />
faculty & maintaining its tenor and supported by attractive<br />
& efficient infrastructure for effective teaching-learning<br />
process coupled with holistic personality development. In<br />
this process, one must realize that the younger generation,<br />
these days has a dream to fulfill, possibly inspired by their<br />
parents or other exemplary personalities and incidents<br />
they have encountered in their lives. Towards these<br />
pursuits, they are taking increasingly to professional<br />
institutions of higher learning after their schooling. At this<br />
stage, an adolescent from hitherto controlled schoolenvironment<br />
is thrown into the free campus environment<br />
of higher technical institution. Thus, it should be the<br />
responsibility of the institution to create an environment<br />
wherein this adolescent is in a position to blossom by<br />
harnessing his hidden potentials in all its facets.<br />
Ultimately, he or she must develop as a productive<br />
technocrat and a full-fledged citizen with such values<br />
conducive for the harmonious development of self, the<br />
enterprise and the society as well as the nation. This<br />
should be the quintessence of the educational philosophy<br />
and vision of the management of any higher technical and<br />
professional institution.<br />
Alag Tewar,<br />
Alag Flavour<br />
The visionary management needs to outline processes that<br />
focus on planning, operation and monitoring instructional<br />
activities for meeting the aforesaid challenges; such as a)<br />
Optimization of resource potentials & capabilities while<br />
maintaining academic excellence and b) enhancing the<br />
effectiveness of relationships with the external<br />
stakeholders in particular through better quality of<br />
deliverables. These processes should be suitably oriented<br />
to the unique culture and environment of institutions.
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
21<br />
Academic Excellence<br />
Academic excellence is a term indispensable for an Institution for higher<br />
learning for ensuring good placements. The knowledge imparted should not be<br />
only for the technical competence; at the same time the value inculcation in the<br />
students is equally important. Academic environment is said to be excellent only<br />
where the faculty is encouraged by the institution for their own improvement<br />
and also this should become the in-built feature of the faculty. The following are<br />
the essential elements that need to be focused in developing a congenial<br />
environment for academic excellence:<br />
a. Qualified & Motivated Faculty<br />
b. Continuous Improvement of Faculty (FIP/QIP)<br />
c. Suitable Infrastructure (Labs/Library etc.)<br />
d. Industry Interface and Interaction<br />
e. Practice Orientation & Seminars/Workshops<br />
f. Continuous Adaptation of Syllabus<br />
Thus, an academic institution has primarily two internal factors for achieving<br />
excellence, namely the deployment of motivated faculty & maintaining its tenor<br />
through continuous professional development and adequately supported by<br />
attractive & efficient infrastructure.<br />
Continuous Professional Development<br />
Alag Tewar,<br />
Alag Flavour<br />
Academic environment is not just about having qualified & motivated faculty,<br />
but also to facilitate them to pursue relentlessly continuous professional<br />
development (CPD) for suitable adaptation to the fast changing requirements<br />
and also bring in closer industry-institution interface as well as practice<br />
orientation. Thus, the Human Resource Management (HRM) needs to seize<br />
with these basic imperatives to make a modern educational infrastructure value<br />
adding to all its stakeholders. The key focus of HRM in a higher technical<br />
institution context should be to keep the appropriately qualified faculty and<br />
technical staff on the path of continuous knowledge updating and up-gradation<br />
through suitable means such as attractive welfare measures, policies for<br />
recognition & promotion and above all demonstrating basic people-concern<br />
towards all employees as a noble employer. Thus, there is need for an effective<br />
& practical Manual on HR Management & Development consisting of processes<br />
that imbibe & integrate the above values &outlook in the employees (faculty &<br />
staff).
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
22<br />
Modernization of Academic Ambience<br />
Infrastructure in an Academic Institution has an important role to play in<br />
enhancing the effectiveness of learning by providing a congenial learning<br />
ambience, which in turn enables effective knowledge transfer and acquisition<br />
through research and projects & consultancy. The learning ambience consists of i)<br />
academic component (knowledge) and ii) physical academic facilities. The<br />
academic ambience, which is a major factor for knowledge transfer is constituted<br />
by knowledgeable faculty members, who are motivated towards teaching their<br />
subject. On the other hand, physical academic facilities refer to good labequipments,<br />
library, IT facility and physical ambience – class rooms, labs and<br />
workshop facilities. In order to bring all the above infrastructure constituents to a<br />
state-of-the-art level, it is essential to undertake bench-making exercises by<br />
visiting advanced institutes & research facilities. Focusing more on infrastructure,<br />
IT integration for academic ambience, creating modern laboratory facilities, class<br />
rooms, faculty seating are becoming increasingly important in modern<br />
infrastructure development. Some of the other infrastructure development<br />
activities are focusing on energy and resource conservation in the campus,<br />
building green campus and strengthening health and hygiene maintenance<br />
including high-quality hostels & accommodation for the student and faculty<br />
community<br />
Student Development Processes (SDP)<br />
Alag Tewar,<br />
Alag Flavour<br />
Student’s Personality Development is an essential purpose of higher<br />
education. The learning and growth of each student extends well beyond the<br />
traditional classroom. The basic idea is to create an environment that encourages<br />
students' growth not only in the technological skills and expertise, but also as a<br />
holistic person. He should have the ability to cope with what he encounters in the<br />
practical world and to achieve successfully what one sets out to do. An increased<br />
tolerance and respect for different backgrounds, habits, values, and appearance,<br />
and a shift in the quality of relationships with intimates and close friends is to be<br />
developed. With the capacity for intimacy, students must build relationships on<br />
trust, interdependence and individuality. They have to develop a sense of social<br />
and personal responsibility and a belief that knowledge implies a responsibility to<br />
act. Growth will also involve the development of a personality with valid set of<br />
beliefs that have some internal consistency and that provide a tentative guide for<br />
behavior. A set of intervention processes for re-orienting the personality<br />
development have to be delineated to develop an attractive & distinguishing as<br />
well as effective & value adding citizen out of the current students.<br />
Ultimately, it is incumbent upon institutional management to create an attractive<br />
and congenial environment to develop its intake as confident and value-adding<br />
technocrats & managers and citizen when they land themselves in the practical<br />
world of today. This should be the quintessence of the educational philosophy<br />
and vision of any educational entity be it a society or an enterprise.
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
23<br />
Conclusion<br />
Achieving Institutional Excellence is about working together to<br />
realize the ambitions & mission set for itself in terms of academic<br />
excellence, which in itself is an onerous task. When achieved, it<br />
builds a great amount of satisfaction and pride in its stakeholders. It<br />
is some kind of a virtuous cycle leading to enhanced and heightened<br />
level of energy flow and efforts from all those involved (IITs & IIMs<br />
for example). It develops some kind of charged environment wherein<br />
every one wants to contribute his best to improve it on a<br />
continuing basis denoted by the following academic excellence<br />
model comprising primarily of three stakeholders; namely – i).<br />
Students & parents; ii). Faculty & related pedagogic systems and iii).<br />
Alag Tewar,<br />
Alag Flavour
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
24<br />
Management’s concern & commitment<br />
for excellent infrastructure. These<br />
stakeholders need to be properly<br />
catalyzed towards ultimate goals &<br />
objectives as perceived by the<br />
management in the journey towards<br />
excellence. The promoters or the<br />
management of the institution need to<br />
focus on interfacing with the following<br />
four external agencies on a continuing<br />
basis so as to internalize the feedback and<br />
implement such human resource<br />
management and development processes<br />
that bind faculty & staff (people) with<br />
achieving academic excellence. These are<br />
i) strengthening parental interactions to<br />
enhance student involvement &<br />
commitment; ii) continuous involvement<br />
of industry & services sectors for<br />
revamping of the courses to suit to their<br />
needs so that the employability enhances;<br />
iii) enhancing the compliance and<br />
transparency in its working to build a<br />
brand of a educator with certain nobility<br />
and iv) lastly, but most importantly<br />
keeping the faculty motivated to sharpen<br />
their skills and abilities to maintain<br />
highest standards of knowledge transfer<br />
and knowledge acquisition. The above<br />
model of Academic excellence outlines<br />
twelve internal processes within an<br />
institution that would integrate all the<br />
strengthening and refocusing suggested<br />
with respect to all the stakeholders for<br />
ensuring institutional excellence.<br />
Alag Tewar,<br />
Alag Flavour
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
25<br />
Alag Tewar,<br />
Alag Flavour<br />
K.A.Fareed<br />
(Fareed Siddiqui)<br />
Member, <strong>IMCI</strong><br />
MPhil., MBA,<br />
Pursuing Ph.D.<br />
Writer, Author,<br />
Trainer<br />
Finance is much concerned with the effective<br />
utilization of funds. It’s focused on the arrangement<br />
of funds at the right time in order that the<br />
determined tasks may be carried out satisfactorily.<br />
Financial management plays a vital role; on account<br />
of which the liquidity position of a business is<br />
affected. The term liquidity refers to the ability of<br />
an organization to pay its current liabilities as they<br />
come due. Not only does financial management<br />
aim at the effective utilization but also at money<br />
management. If sufficient funds are available at the<br />
time when needed, a company can clear its short<br />
term debts; its operations can be maintained<br />
effectively and so the working capital financing<br />
lends a hand for a business to do well.<br />
Working Capital is defined as, “The administration<br />
of the firm’s current assets and financing needed<br />
to support current assets.” The term working<br />
capital is used for day-to-day requirement of funds<br />
for a business. A business needs certain amount of<br />
cash for meeting routine payments, providing<br />
unforeseen events or purchasing raw materials for<br />
its production. The concept of working capital<br />
should be easily understandable since it is very<br />
much connected with our personal lives as well. In<br />
the sense, sufficient money is needed for our cost<br />
of living. We would like to collect the money owed<br />
to us, at the same time, we would like to pay whom<br />
we owe. If the ready money is not maintained<br />
properly or we fail to do so, the situation is called<br />
as bankruptcy or insolvency. The same applies to a<br />
business and the task of financial management in<br />
terms of working capital is to maintain sufficient<br />
funds for its day-to-day requirements, while<br />
safeguarding the business against the possibility of<br />
insolvency. Thus, the term working capital refers to<br />
the excess of the current assets over the current<br />
liabilities.<br />
Current assets of a business are those that will be<br />
converted in to cash in twelve months period. They<br />
are: Cash, Receivables, inventories, marketable<br />
securities and prepayments. Current liabilities are<br />
those that are to be settled in twelve months<br />
period. Current liabilities are: Accounts payable,<br />
unearned revenues and wages payable.
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
26<br />
Alag Tewar,<br />
Alag Flavour<br />
“Cash is king” - despite the fact that the cash has its own costs. Cash is<br />
the most liquid asset to be presented commonly on the balance sheet<br />
as the first item. Management of cash is of great essence for a<br />
company. If adequate cash is not available as and when it is needed,<br />
the situation leads to bankruptcy. Management of cash and liquidity<br />
involves providing sufficient funds to the business for meeting various<br />
requirements at the right time, such as, repayment of bank loans,<br />
payment of taxes, payment of wages, purchases of raw materials and<br />
inventory etc. Moreover, holding the cash entails a precautionary<br />
motive in order to meet unforeseen events. Therefore, the cash must<br />
be managed properly and provided for arising contingencies. Apart<br />
from these, cash management also involves speeding cash inflows and<br />
slowing cash outflows. The former case indicates making collections as<br />
soon as they come due for collection while the latter indicates the<br />
payments to be made as close to the cut-off-date as possible – but it is<br />
not be taken in isolation – as it is likely to lose the facility of availing the<br />
discounts. So, the payments are to be made close to the cut-off-date<br />
while utilizing the discounts if any. In this manner, in the former case,<br />
the discount is offered for early payment –to generate the revenue<br />
quickly. In the latter case, the discount is availed – to clear the debts<br />
and using the facility of discount. This is how the two-fold benefit may<br />
be obtained.<br />
Next in importance comes the receivables. It is universal truth that<br />
every Business has receivables. They are the dues from the credit<br />
customers. There are various reasons for credit sales, such as, to<br />
penetrate and establish in the market, to increase sales, to get more<br />
customers and to help customers on whom the fortune of a business is<br />
contingent. While managing receivables, an organization develops the<br />
policies which are beneficial to both customers as well as the<br />
organization that makes credit sales. Credit policies must have few<br />
standards, credit period, credit terms, etc so as to manage the<br />
receivables in an efficient manner. Credit standard is meant to the<br />
classification of customers depending upon the relationships and in<br />
terms of risk etc. The credit period is referred to how long a period<br />
should be allowed. Credit terms mean offering discount on early<br />
payment or the payment before the cut-off-date. In the point of fact, it<br />
should be understood that making much credit sales leads to great<br />
benefits and make profits on the one hand, while it involves the<br />
creation of bad debts or risks on the other. Thus, the best possible way<br />
is to be adopted for receivable is to manage within the accepted level<br />
with the establishment of planning as well as controlling measures.<br />
.
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
27<br />
Alag Tewar,<br />
Alag Flavour<br />
The impact of inventory management on working capital is vitally important. A<br />
company, whether of trading or of manufacturing, has to carry certain amount of<br />
inventories. Inventories are classified as inventory of finished goods, of raw<br />
materials or of work in process depending upon the type of business. A trading<br />
company purchases or sells the finished goods whereas the manufacturing company<br />
deals with all types of inventories. At this juncture, it should be noted that having<br />
too much or too little inventory becomes a problematic cause in terms of sales and<br />
production. Also, even a little less or more amount of increase or decrease in the<br />
costs of inventories gives rise to a radical change in terms of overall amount of<br />
investments in the inventories. Thus, inventory management involves planning and<br />
controlling functions with regard to the order of quantity of even single unit and the<br />
specific task of inventory management is to answer the questions: when to order<br />
the inventory? How much inventory is needed and if any discounts are likely to be<br />
lost by not ordering as per the standard limit of order etc? It is therefore necessary<br />
for the process of inventory management to find satisfying answers to the above<br />
questions pertaining to various costs of the inventories. It is appropriate to mention<br />
that there are several techniques available for the effective management of<br />
Inventories with which a management may be benefited.<br />
Mention deserves to be made about the determinants of working capital while the<br />
components are being discussed. The same may be outlined herein briefly.<br />
The working capital is influenced by the nature of business. A trading business<br />
needs to invest a great deal of money in the working capital as compared to the<br />
money required in the fixed assets. The similar case in point is related to a<br />
manufacturing business as well.<br />
Business Fluctuations have to do a lot with the management of working capital.<br />
The seasonal fluctuations have a great cause in relation to the production and<br />
services of a business. It is during a decline in the economy, sales will fall resulting in<br />
the level of inventories.<br />
A business firm needs to be prompt in making collections. The working capital is<br />
also affected with the credit policy of a business. Establishing a liberal credit policy<br />
is having more trade debtors, while a restricted credit policy can reduce the size of<br />
trade debtors. However, depending upon the standing of customers and other<br />
factors a rationalized credit policy is to be formulated.<br />
To end with, financial management is a distinctive area of business management<br />
and the Financial Manager has a key Role in overall business management ensuring<br />
the achievement of business objectives and wealth or profit maximization. Financial<br />
management is an integral part of overall management affecting the survival,<br />
growth and strength of a business. The sole task of financial management is<br />
maximization or optimizing the value of a business firm. If dealt effectively and<br />
efficiently, a financial manager can ward off a large number of problems while<br />
safeguarding the business against insolvency.
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
28<br />
Alag Tewar,<br />
Alag Flavour<br />
Sumit Chaudhuri<br />
CMC, FIMC<br />
HR Specialist,<br />
consulting, training<br />
and teaching for<br />
major global and<br />
domestic private,<br />
public, government<br />
and non-government<br />
organisations.<br />
Sexual harassment as a phenomenon is probably one of<br />
the most prevalent and wide-spread aspects of societal<br />
behavior in general and organisational behavior in<br />
particular. Having tried to understand this phenomenon<br />
for a fairly long period of time, I can say with a lot of<br />
certainty that though a lot has been said or heard about<br />
it in the last two decades or so, many of the real victims<br />
hardly ever get justice. On the other hand, a lot of the<br />
real voluntary partners in the happening are able to hog<br />
the limelight and paint themselves “innocent victims”,<br />
while the other party is completely vanquished<br />
personally, financially and professionally. In this context,<br />
the Justice Sirajuddin case in Mumbai in January 2004 is<br />
a clear pointer to what sometimes really happens and<br />
what actually gets reported and known, not to mention<br />
the tremendous humiliation and the mental torture that<br />
the “innocent accused” is forced to undergo. While<br />
there is no doubt that real victims must get justice, we<br />
should not overlook the law of natural justice, which is<br />
equally applicable to the accused.<br />
At a time when The National Commission for Women<br />
(NCW) has already submitted a draft of The Sexual<br />
Harassment of Women at the Workplace (Prevention<br />
and Redressal) Bill, 2004 to the HRD ministry for<br />
consideration, it becomes imperative to initiate a<br />
debate in order to ensure that if passed and made into a<br />
law, it should certainly serve to punish the accused but<br />
should not become a draconian law to harass, humiliate<br />
and mete out punishment to an innocent accused. It has<br />
been proved time and again that even after a physical<br />
relationship happens after the voluntary consent of the<br />
person in question, due to family or social pressure or<br />
plain and simple extortionist attitude (the lure of the<br />
moolah), a clear attempt is made to prove that the<br />
consent was either not there or was obtained under<br />
duress. This has made people to think whether we have<br />
reached a stage where the consent has to be obtained<br />
in writing and in the presence of witnesses, who shall<br />
stick by their commitments. The old adage that a girl<br />
will not go and report such a matter to the authorities<br />
without really being a victim does not hold water any<br />
longer.
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
29<br />
This article presents the phenomenon in a realistic and practical perspective<br />
with an attempt to provide a possible solution to at least mitigate the evil if<br />
not eliminate it completely rather than an emotional and judgemental<br />
perspective, which articles on the subject mostly meander towards.<br />
WHAT ARE WE CONTENDING WITH ? (PERSPECTIVE)<br />
1. An immensely complex human behavioural issue of intimacy (Without,<br />
Partial or With Consent)<br />
2. An issue having tremendous interplay of socio-economic, socio-cultural<br />
and power dimensions<br />
3. Flaws in upbringing of our children<br />
4. Hypocrisy of a very high degree at all levels<br />
5. A belief that if we close our eyes to a problem, it ceases to exist<br />
6. Secrecy in terms of its actual happening as well as its reporting<br />
7. Society is definitely moving towards permissiveness, leading to varying<br />
judgements about openness and harassment<br />
WHAT IS SEXUAL HARASSMENT ?<br />
1. Definition by Supreme Court :<br />
Sexual Harassment includes such unwelcome sexually determined<br />
behaviour (whether directly or by implication) as:<br />
a) physical contact and advances ;<br />
b) a demand or request for sexual favours ;<br />
c) sexually coloured remarks ;<br />
d) any other unwelcome physical, verbal or non-verbal conduct of sexual<br />
nature<br />
1. Is it Sexual Harassment when :<br />
a) a girl is married off against her wishes ?<br />
b) spouse extracts sexual favours ?<br />
c) the person seeking sexual favour is gay or a lesbian ?<br />
d) sexual favour is granted with consent ?<br />
e) Sexual favour is offered ?<br />
Though (a) and (b) do not have anything to do with workplace, they are<br />
closely intertwined with the psyche of the victim and other significant<br />
members of society.<br />
Alag Tewar,<br />
Alag Flavour<br />
Regarding (d) and (e), you must be naïve not to know about the “casting<br />
couch.”
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
30<br />
WHERE IS THE PROBLEM ?<br />
1. Ignorance as to what constitutes sexual harassment<br />
2. Inhibition to express what has happened / is happening due<br />
to :<br />
a) embarrassment<br />
b) fear that it will not be taken seriously<br />
c) it may lead to aggravation of the problem<br />
d) economic or some other necessity<br />
e) expectation of being able to marry the perpetrator (Victims<br />
react very much like rape victims, i.e., they are ashamed and<br />
don’t speak up )<br />
3. Inappropriate response of “significant others” even when<br />
the victim gathers courage to report<br />
4. Proof what actually happened is extremely difficult<br />
5. Long drawn procedure oriented system for handling the<br />
issue often leading to very little result<br />
6. Victims who leave jobs due to Sexual Harassment almost<br />
always give other reasons for leaving and hence, it does not<br />
get highlighted even at time of separation from the<br />
organisation<br />
7. Gender sensitisation is generally non existent<br />
WHAT COULD BE THE SOLUTION ?<br />
PREMISE – In reality, the onus of finding a solution, rightly or<br />
wrongly, is on the aggrieved party.<br />
Ideally, a holistic solution should be attempted which obviously<br />
means that a coherent and coordinated approach to the problem<br />
has to be evolved, which ultimately is nothing more than good<br />
management practice. It has to be addressed at both the<br />
preventive and curative levels, i.e. at the proactive and reactive<br />
levels.<br />
Alag Tewar,<br />
Alag Flavour
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
31<br />
THE PROACTIVE-REACTIVE CONTINUUM / MATRIX<br />
We may try to create a matrix taking into consideration the stance taken by<br />
the victim and the significant others. It may be depicted as follows:<br />
Reactive<br />
SIGNIFICANT OTHERS<br />
Proactive<br />
Scenario 2 Scenario 4<br />
(WORST)<br />
Scenario 1 Scenario 3<br />
(IDEAL)<br />
Proactive<br />
Reactive<br />
VICTIM<br />
The following are a few of the things that may be followed / done by the victim<br />
and the significant others :<br />
VICTIM<br />
Proactive<br />
1. Be aware and updated on the issue<br />
2. Believe that it can happen to you<br />
3. Avoid wearing clothes that may send wrong signals<br />
4. Be careful about the language you use and your body language<br />
5. Avoid / ignore / move away / tell them to stop if colleagues or others are<br />
using words which are double meaning slangs or anything even remotely<br />
obscene<br />
6. Avoid being alone to the extent possible<br />
Reactive<br />
Alag Tewar,<br />
Alag Flavour<br />
1. Make it clear in the very first instance that you do not like the perpetrator’s<br />
behavior and shall not tolerate it<br />
2. Document each incident precisely<br />
3. Speak up and inform the appropriate authorities and “significant others”<br />
4. Leave the place where you are not comfortable
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
32<br />
SIGNIFICANT OTHERS<br />
A. MANAGEMENT<br />
Proactive<br />
1. Policy - A policy of intent that the organization does not condone sexual<br />
harassment and that general internal resource is available against such<br />
misconduct<br />
2. Top Level Management Support - Extremely important to successfully<br />
implement the policy<br />
3. Clear information - Widely advertised policy and procedures for the staff<br />
and guidelines for managers<br />
4. Training - A programme of training for gender sensitisation of the managers.<br />
These managers could subsequently be used as trainers<br />
5. Dress code - A standard dress code may help bring about uniformity, a sense<br />
of oneness and also help in resolving the subjectivity as to what is<br />
provocative and what is not<br />
6. Forums - Constitution of a forum / cell / committee to deal with such issues.<br />
7. Procedures - A clear time bound procedure to be laid down (including both<br />
formal and informal procedures) for resolving the cases<br />
8. Responsibility of managers - Adherence to their policy by their staff<br />
9. Monitoring and review – The policy, procedures and implementation<br />
measures should be periodically monitored / reviewed<br />
Reactive<br />
1. Must initiate action the moment such a thing happens<br />
2. Provide immediate psychological and other required support to the victim<br />
3. Act in a manner which is not only to punish the perpetrator but also send<br />
out a message to others that such things shall be dealt with firmly<br />
B. BOSS<br />
Proactive<br />
Alag Tewar,<br />
Alag Flavour<br />
1. Be sensitive to rumours and stories that may not have been communicated<br />
to him / her formally<br />
2. Must put pressure on higher management to listen to and do things that<br />
build a healthy environment in the organisation<br />
3. Make sure that his department employees are aware of the guidelines in<br />
this regard and check if things are all right from time to time
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
33<br />
Reactive<br />
1. Must exhibit supportive behaviour when such a thing comes to his / her<br />
notice or gets reported and not take it lightly<br />
2. Take immediate appropriate action in the matter by assessing the intensity<br />
of misconduct and counsel / reprimand the perpetrator as required<br />
3. Reassure the victim by giving and promising all the support that he / she<br />
might need<br />
4. Help the victim to formulate the right strategy<br />
C. OFFICE COLLEAGUES<br />
Proactive<br />
1. Caution new comers about behavioural patterns of certain people who<br />
could be possible perpetrators<br />
2. Caution prospective harassers against such things by making them<br />
aware of not only the ethics and morality of such conduct but also the<br />
loss of reputation and penalty it may attract<br />
3. Make effort to see that any of their peers who may be a possible<br />
victim is not left alone with a prospective tormentor<br />
Reactive<br />
1. Must be able to empathise rather than sympathize with the victim<br />
2. Must not be a party to and actually prevent office grapevine to make<br />
juicy stories out of such incidents<br />
D. FAMILY<br />
Proactive<br />
1. Education and instilling appropriate orientation towards gender related<br />
interactions<br />
2. Explain the importance of understanding the culture at the work place<br />
and behave in accordance with it<br />
3. Create awareness in the concerned person about such harassment<br />
possibilities in the workplace<br />
4. Equip her/him with the general do’s and don’ts<br />
Alag Tewar,<br />
Alag Flavour
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
34<br />
Reactive<br />
1. Empathise with the victim rather than blaming her / him for not adhering<br />
to the do’s and don’ts. They must remember that it is easier said than done<br />
2. Must exhibit supportive behaviour<br />
3. Reassure the victim by giving and promising all the support that he/she<br />
might need<br />
4. Help the victim to formulate the right strategy<br />
E. FRIENDS<br />
Proactive<br />
1. Create awareness in the concerned person about such possibilities in<br />
the<br />
workplace<br />
2. Equip him / her with the general do’s and don’ts.<br />
Reactive<br />
1. Must empathise rather than sympathise and exhibit supportive<br />
behaviour<br />
2. Provide immediate psychological and other required support<br />
3. Reassure the victim by giving and promising all the support that he /<br />
she might need<br />
4. Help the victim to formulate the right strategy<br />
F. SOCIETY<br />
Proactive<br />
1. Change it’s attitude by understanding the reality that it can happen to<br />
anybody rather than pointing a finger at the victim<br />
2. Accept the reality that norms regarding sex and sexuality are no<br />
longer what they were and hence be more realistic to see and discuss<br />
openly to find solutions to such issues rather than have an “ostrich<br />
like” attitude or “a holier than thou” attitude<br />
Reactive<br />
Alag Tewar,<br />
Alag Flavour<br />
1. Ensure that they do not put further mental pressure on the victim as<br />
she / he is already under tremendous trauma<br />
2. Provide support and encouragement so that she / he can gather<br />
courage to fight it out.
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
35<br />
G. LAW<br />
Proactive<br />
1. Prescribe guidelines for acceptable and<br />
unacceptable behaviour<br />
Reactive<br />
1. Find out ways to ensure that victims are<br />
adequately compensated in<br />
psychological, economical and social<br />
terms<br />
2. Ensure that the perpetrators are<br />
adequately punished and are unable to<br />
get acquitted due to procedural and / or<br />
narrow technicalities<br />
H. LAW ENFORCEMENT<br />
Proactive<br />
1. Education about acceptable and<br />
unacceptable behavior through the<br />
media and other available methods<br />
2. Creating awareness about penal<br />
provisions especially hooliganism during<br />
festivals like Holi, etc. by advertising that<br />
women police staff shall be present in<br />
public places to take immediate action<br />
Reactive<br />
1. Retribution by the way of appropriate<br />
penal action when an incident like this<br />
happens or get reported<br />
2. Ensure that investigation and procedural<br />
details are carried out in a manner that<br />
the guilty do not escape due to technical<br />
infirmities.<br />
Alag Tewar,<br />
Alag Flavour<br />
CONCLUSION<br />
Let’s get together to rid society of this<br />
scourge.
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
36<br />
Alag Tewar,<br />
Alag Flavour<br />
[An imaginative<br />
first person<br />
confessional<br />
narration by the<br />
man in the office<br />
who hates to give<br />
respect, equal<br />
treatment and care<br />
to his colleagues of<br />
the fairer sex<br />
-A funny version of<br />
serious situations]<br />
Rajiv Khurana<br />
CMC, FIMC<br />
International<br />
Management<br />
Trainer and<br />
Consultant,<br />
Author,<br />
Newspapers<br />
Columnist,<br />
Photography<br />
Enthusiast<br />
I could be anybody. May be part of you. It does<br />
not matter. Some people reading this hardly<br />
shared personal account of mine may call me<br />
stupid. Let them. Who bothers? I know I am<br />
STUPID – Smart Talented Unique Person in the<br />
Department. I am not alone. I have hundreds<br />
and thousands of clones. They are spread all<br />
over the country. We have counter parts all<br />
across the globe. We think differently. We act<br />
differently. But we behave the same. Our unwritten<br />
one line motto is: TO THINK NEGATIVE,<br />
ACT NEGATIVE AND BEHAVE NEGATIVE<br />
TOWARDS OUR WOMEN COUNTERPARTS IN<br />
THE ORGANIZATIONAL JUNGLE.<br />
How do we do it? Each one of us is an authority<br />
himself. We learn from each other. Where else<br />
would you find such a great team performance.<br />
I will share with you what I do. You can create<br />
your own encyclopedia by watching others and<br />
sharing with others. Don’t hide away to read<br />
this article. I dare you to share your negativities<br />
openly.<br />
• I believe in equality. I believe men are more<br />
equal than women. I extend my negativity<br />
equally amongst the women.<br />
• I admire Bosses who are fond of<br />
embarrassing my women colleagues in front<br />
of everyone. I have learnt new techniques of<br />
embarrassments. I will show them when I<br />
become more responsible in the<br />
organizational hierarchy.<br />
• I like talking about women in my office. I talk<br />
about them in my chartered bus, in my<br />
friends’ circle and with some colleagues like<br />
me. Even the chaiwala and paanwala near<br />
our office enjoys the stories about the<br />
women colleagues who are old spinsters,<br />
separated or single parents.<br />
• I feel even responsible for entertaining my<br />
women colleagues. I do share my double<br />
meaning and sometimes explicit jokes. It’s<br />
their outlook if they do not laugh. Women<br />
have limited sense of humour, you know.
D E L H I<br />
September 16-30, 2011<br />
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Institute of Management Consultants of India, <strong>Delhi</strong><br />
37<br />
• I do not like some of my colleagues who take extra care about their women<br />
colleagues. Why should I hold the door or stand up for a woman. I don’t even<br />
like it when the Big B holds the chair for a women on KBC.<br />
• I think women take advantage of their proximity with men. That’s why they get<br />
promoted faster even though, I feel, they should at the best be doing only the<br />
support roles.<br />
• Women are not very intelligent. I strongly believe that men are. So what if girls<br />
have been constantly scoring the highest marks in the X and XII standard board<br />
exams.<br />
• I don’t think that women are serious about their jobs. They come to pass their<br />
time and even claim all medical benefits. I feel that newly married women<br />
should not be hired in the office as it amounts to lot of time and money loss<br />
within 2-3 years.<br />
• I must tell you that I am very fond of poetry and graffiti. Haven’t you seen my<br />
scriptures on the toilet walls and lift cabins. You couldn’t have missed them.<br />
• Sometimes, I play with them. Making blank calls is a great office hide and seek<br />
game.<br />
• I am gradually learning but some of my friends have mastered the art of making<br />
women cry. Great fun! No?<br />
• I am quite religious minded. Whenever there is an office party, I and my friends<br />
adopt the mandir or gurudwara approach. Women one side and men on the<br />
other side. After all, we need our space to talk about the three Ws [Wine,<br />
Wealth and Women].<br />
• Some of my friends have become quite hi-tech these days. They keep mass<br />
mailing the XXX web-material to each other. Few intentional accidental<br />
transmittals do occur and my women colleagues do get them. Technology has<br />
some short-comings too. What can be done about it?<br />
• I am very generous. Who so ever asks me, I do provide the personal home and<br />
office numbers of my women colleagues.<br />
• Many a times, I think that I should be a newspaper columnist on fashion. I have<br />
documented every nuance of what I see in the back-up memory of my brain.<br />
• There are times when I feel reserved or may be a bit shy but my kind of other<br />
colleagues do not. They do indulge in a bit of strip tease when they move<br />
around with their 2-3 shirt buttons open in the office.<br />
• I wish I was a bit more senior than I am. I would have, by position of my<br />
authority, made my women colleagues sit in my cabin for hours to have<br />
tea/coffee and to witness my ‘majma’ style of management.<br />
Alag Tewar,<br />
Alag Flavour<br />
I wish I had the time and space to write more. But why should I tell you everything.<br />
Go ahead, use experience and creativity. The organizational jungle is big and wild.<br />
Roar. Be a Lion. The other part is normally timid and defenseless. Be mean. Be self<br />
obsessed. The life of a man will not come again. Go for the kill. Don’t worry about<br />
what people say. Be an MCP – Magnificent Creation in this Peninsula.
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
38<br />
Alag Tewar,<br />
Alag Flavour<br />
Companies are being squeezed for cash<br />
like no other time in our lives. Even<br />
though, in theory, they really need<br />
consulting services more than ever, how<br />
are they, practically, going to pay for<br />
them? Can I be proactive to suggest<br />
alternative compensation strategies?<br />
We are hearing from a lot of clients that<br />
are hitting the wall with all but essential<br />
expenditures. As much as we like to think<br />
of our consulting services as an<br />
investment rather than an expense, and<br />
an investment in efficiency and<br />
effectiveness, sometimes there is just no<br />
getting past the fact that your fees are a<br />
check that has to be written. Many clients<br />
will increasingly find it hard to pay your<br />
fees unless you can help make the case<br />
(usually in a new way) that your services<br />
are high priority.<br />
Occasionally mentioned but never getting<br />
much traction in the past, pay for<br />
performance seems to be making a<br />
comeback. This is partly because clients<br />
want to make sure any investment<br />
(including you) is worth the cost, but also<br />
because clients are looking for more<br />
accountability from consultants. Satisfied<br />
with results of other pay for performance<br />
or gainsharing agreements for other<br />
professional services, executives are<br />
exercising their fiduciary responsibilities<br />
by asking consultants to assume some of<br />
the risk of investing in their intangible<br />
services.<br />
What does this mean for you? Maybe<br />
nothing, or at least until your client asks<br />
you to discuss pay for performance<br />
instead of a daily rate or project fee.<br />
However, it makes sense to be prepared.<br />
Talk to your colleagues in IMC or in your<br />
industry about their recent experiences in<br />
structure of compensation.<br />
Most consulting engagements go<br />
according to plan and deliver great<br />
value to the client. However, we all<br />
have had projects that go off the<br />
rails, either because of something<br />
we or others did. How can I know<br />
well ahead of time when a project is<br />
headed for failure?<br />
One of the best ways to increase the<br />
probability of project success is to be<br />
vigilant that project failure is right<br />
around the corner. Despite our<br />
omniscient plan and exceptional<br />
project management skills, we do not<br />
control all aspects of a project. Client<br />
leadership, staff resources, the client<br />
company's market, communication<br />
miscues, lack of needed skills and<br />
other glitches can thwart an<br />
otherwise good plan.<br />
Your project management plan,<br />
which you must develop jointly with<br />
your client, should address project<br />
risks explicitly. What if the client<br />
cannot provide the specified<br />
corporate leadership? What if the<br />
needed resources are not made<br />
available to you? What if your<br />
attempts to work with staff are<br />
resisted? What if you are not able to<br />
provide sufficient skills or resources<br />
to meet your commitments or<br />
resolve shortcomings elsewhere in<br />
the project? What are the biggest<br />
risks to project success and what<br />
(specific) mitigation or response<br />
steps are you both willing to make?
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
39<br />
Alag Tewar,<br />
Alag Flavour<br />
ICMCI<br />
The International Council of<br />
Management Consulting Institutes is<br />
the global association of national<br />
management consulting institutes from<br />
around the world. These national<br />
institutes administer, in accordance with<br />
world class standards, the international<br />
"CMC" certification Certified<br />
Management Consultant earned by<br />
individual professional management<br />
consultants.<br />
More details: icmci.org<br />
<strong>IMCI</strong><br />
The Institute of Management Consultants of<br />
India (<strong>IMCI</strong>) is the apex body of management<br />
consulting professionals, being the only<br />
registered institute of established<br />
management consultancy firms and<br />
practicing individuals in the country.<br />
Constituted in 1991, <strong>IMCI</strong> was formerly<br />
known as the Management Consultants’<br />
Association of India (MCAI), which was<br />
founded in 1963.<br />
In 1989, <strong>IMCI</strong> became the first Asian<br />
organisation to be accepted for membership<br />
of the International Council of Management<br />
Consulting Institutes (ICMCI), the global apex<br />
body of Management Consulting Institutes.<br />
ICMCI has 46 member countries in the world.<br />
The Executive Secretariat of <strong>IMCI</strong> is located in<br />
Mumbai. The Institute has regional Chapters<br />
in Ahmedabad, Bangalore, Calcutta, Chennai<br />
(Madras), <strong>Delhi</strong>, Hyderabad, Mumbai<br />
(Bombay) and Pune.<br />
CMC Designation<br />
<strong>IMCI</strong> endeavors to raise the standards of<br />
management consulting by awarding<br />
Certified Management Consultant (CMC)<br />
designation to individual members who have<br />
passed a qualifying examination and have<br />
met the profession’s standards of<br />
competence and ethics. The CMC designation<br />
implies international recognition to<br />
worldwide standards.<br />
More details: imcindia.co.in<br />
Code of<br />
Professional<br />
Conduct for<br />
<strong>IMCI</strong> members<br />
Minimum Guidelines<br />
Confidentiality<br />
A member will treat client information as confidential<br />
and will not take personal advantage of privileged<br />
information gathered during an assignment, or enable<br />
others to do so.<br />
Unrealistic Expectations<br />
A member will refrain from encouraging unrealistic<br />
expectations or promising clients that benefits are certain<br />
from specific consulting services.<br />
Commissions / Financial Interests<br />
A member will neither accept commissions, remuneration<br />
or other benefits from a third party in connection with<br />
recommendations to a client without the client’s<br />
knowledge and consent, nor fail to disclose any financial<br />
interest in goods or services which form part of such<br />
recommendations.<br />
Assignments<br />
A member will only accept assignments for which the<br />
member has the skill and knowledge to perform.<br />
Conflicting Assignments<br />
A member will avoid acting simultaneously (in potentially<br />
conflicting situations) without informing all parties in<br />
advance that this is intended.<br />
Conferring with Clients<br />
A member will ensure that before accepting any<br />
engagement, a mutual understanding of the objectives,<br />
scope, work plan and fee arrangements is established and<br />
any personal, financial or other interests which might<br />
influence the conduct of the work are disclosed.<br />
Recruiting<br />
A member will refrain from inviting an employee of a<br />
client to consider alternate employment without prior<br />
discussion with the client.<br />
Approach<br />
A member will maintain a fully professional approach in<br />
all dealings with clients, the general public and fellow<br />
members.<br />
Code of Professional Conduct<br />
A member will ensure that other management<br />
consultants carrying out work on the member’s behalf<br />
are conversant with and abide by the Code of<br />
Professional Conduct.
D E L H I<br />
September 16-30, 2011<br />
de-limiting excellence<br />
Institute of Management Consultants of India, <strong>Delhi</strong><br />
40<br />
Visit<br />
Join ‘<strong>IMCI</strong> DELHI’ on<br />
Imagine<br />
You are asked, “How do you<br />
create value through your<br />
seniority?”<br />
How would you respond?<br />
http://twitter.com/imcidelhi<br />
We await your<br />
ideas,<br />
suggestions,<br />
contribution,<br />
support …<br />
Alag Tewar,<br />
Alag Flavour<br />
Patron:<br />
Chairman<br />
Dr. M.B.Athreya<br />
Sumit Chaudhuri<br />
Mentors:<br />
Dy. Chairman<br />
Dr. S.R.Mohnot<br />
Vijay Nagrani<br />
Mr. Shashi Budhiraja<br />
Hon. Secretary<br />
Dr. Sunil Abrol<br />
M S Sridhar<br />
Past Chairmen:<br />
Hon. Treasurer<br />
Mr. Ashok Kumar<br />
Anand Chhabra<br />
Mr. Ramesh Tyagi<br />
Executive Members<br />
Rajiv Khurana<br />
S A Khader<br />
Dipanker Das<br />
Regional Rep.<br />
S A Khader<br />
<strong>IMCI</strong> – <strong>Delhi</strong><br />
imcidelhi@gmail.com<br />
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