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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 />

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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 />

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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 />

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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 />

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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 />

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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 />

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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 />

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de-limiting excellence<br />

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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 />

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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 />

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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 />

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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 />

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• 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 />

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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 />

This eMag is meant for free electronic circulation amongst members & friends of <strong>IMCI</strong> - <strong>Delhi</strong>

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