Tuesday, October 26, 2010

Leaders and managers

Manage Mentor
Leadership Secrets
Michael Heath

Lead but don't forget to manage

Bosses who are chronically impatient may not like to know that ‘being impatient may look dynamic but it rarely has a positive outcome,' writes Michael Heath in Leadership Secrets. In fact, impatience often leads to misunderstanding, rework and repair, adds Heath.


Economy across the globe

Books of Account
The Little Book of Economics
Greg Ip
( http://www.wiley.com/)

Simple analogies that demystify economics

The famous melancholic monologue of Jaques in act II, scene VII of As You Like It begins with, “All the world's a stage, and all the men and women merely players…” Ominously reminding one of the Bard's lines, the title of a chapter in The Little Book of Economics by Greg Ip is ‘All the world's an ATM.'


Company culture

Books 2 Byte
Successful Onboarding
Mark A. Stein and Lilith Christiansen

Pay attention to new hires…

Organisations that feel desperately stuck in the cycle of ‘hiring-attrition-hiring' can move to ‘hire, invest, improve, and grow,' assure Mark A. Stein and Lilith Christiansen in Successful Onboarding. Urging organisations to go beyond ‘traditional orientation' to a programme covering ‘culture, social networks, early career support, and strategic insight,' the authors speak of ‘onboarding margin' as the resultant financial gains.


Rags to riches to rags

Family Legacy and Leadership
Mark Haynes Daniell and Sara S. Hamilton
Tribes that survive the longest ensure their preservation by practising ‘seventh-generation thinking,' informs a thought of James E. Hughes Jr. cited in Family Legacy and Leadership: Preserving true family wealth in challenging times by Mark Haynes Daniell and Sara S. Hamilton.

Marketing in the future

Book Mark
Brand New World
Max Lenderman

Human insights for global hypermarkets

The world is poor, and the meek shall inherit the mall,' is the instructive title of a chapter in Brand New World by Max Lenderman. Emerging markets such as India, and the emergent consumers from rural and non-urban areas stoking the growth in these markets, are blazing new and unique ways in the world of goods and services, the author notes.


Tuesday, October 19, 2010

Common challenge that managers must face

Manage Mentor
The Secret Laws of Management
Stuart Wyatt

A ready toolkit for managers

Sample these statements: Work expands to fill the time available. Most people hate being organised. Productivity is a natural trait. All bullies eventually suffer their just rewards. The team does not judge you by your best or worst performances. Energy levels rise and fall with expectation. There is often an unfair time delay between effort and reward… These are some of the ‘40 essential truths for managers' that Stuart Wyatt discusses in The Secret Laws of Management (Hachette).


Simple, but not simpler

Books of Account
The Invisible Gorilla
Christopher Chabris and Daniel Simons
( http://www.harpercollins.co.in/)

Steer clear of illusions about financial system

Throughout the history of financial markets, investors have formed theories to explain why some assets go up and others go down in value, and some writers have promoted simple strategies derived from these models, observe Christopher Chabris and Daniel Simons in The Invisible Gorilla.


Dealing with personal change and trauma

Books 2 Byte
Riding the Tiger
Priscilla Nelson and Ed Cohen

Surviving an organisational implosion

“We are shocked beyond words… This new development has left us in a state of fear. We don't know what the company's fate will be. We might all just lose our jobs and in the current economic situation, we don't even have prospects of a job anywhere else.” Thus was captured a Satyam employee's quote in a regional newspaper, soon after the scandal broke in 2009. That was the first stage of grief, chronicle Priscilla Nelson and Ed Cohen in Riding the Tiger: Leading through learning in turbulent times, citing the work of Elisabeth K├╝bler-Ross (2007).


A guide to building support around ideas

Book Mark
John P. Kotter and Lorne A. Whitehead

Four ways to kill a good idea

Anguished at the massacring of genuinely good ideas all the time for all sorts of reasons, John P. Kotter and Lorne A. Whitehead have written Buy-in (Harvard) as a guide to building sufficiently strong support around your ideas so that successful action follows. The first part of the book is a story about getting buy-in for an idea – a simple, imaginative, and useful one – but not before it gets ‘slammed again and again with misinformed, unfair, and outrageous concerns and questions, any of which could have wounded or killed it'.


Thursday, October 14, 2010

Organisational structure

Manage Mentor
Winning Strategies for Business
Rajat Kanti Baisya

When structure hinders your speed

Organisational structure has a direct relationship with its cost and effectiveness, writes Rajat Kanti Baisya in Winning Strategies for Business. It becomes imperative for large companies to design, at optimum cost, an effective organisation in line with the realities of the present business environment, he urges, because one of the significant cost elements in any organisation is its manpower cost, which varies from 10 to 15 per cent of net sales in a typical manufacturing enterprise.


Ways to increase a company's success

Books of Account
Profit at the Bottom of the Ladder
Jody Heymann

For inclusive business growth

Bottom of the pyramid, you may know as where potential profits could reside. Perhaps it is also time to get introduced to Profit at the Bottom of the Ladder, the title of a new book from Harvard by Jody Heymann. The book takes up three questions: Are there additional ways to increase a company's success? Can there be profits in the private sector while bringing benefits to others? Is there a way for the company and its employees to succeed together?


Business in China

Books 2 Byte
Handel Jones

Competing on technology to build global wealth

Today's global war is one of wealth, rather than military, and what can help generate wealth can be a focus on, among other things, technologies, suggests Handel Jones in ChinAmerica: The uneasy partnership that will change the world. In the US, individual companies such as Cisco, Apple, IBM, Google, Microsoft, and HP are highly innovative and have high market share in these industries around the world, the author notes.


Adding commodities to your investment portfolio

The Little Book of Commodity Investing
John Stephenson
( http://www.wiley.com/)

When commodities are ‘on fire'

Many investors have reached a fork in the investment road, observes John Stephenson in The Little Book of Commodity Investing. “They can continue down the one they've always travelled – their portfolios stuffed full of stocks, bonds, and real estate. But from 2000 to 2009, that road led nowhere. Alternatively, investors can choose the road that isn't particularly well travelled but that's been proved to chop risk and boost returns by including commodities in an investment portfolio.”


Shape your job

Book Mark
Workforce of One
Susan M. Cantrell and David Smith

Myth of homogeneity of internal customers

People are more attracted to companies that would provide customised people practices, and they are more likely to remain there and perform at their best, write Susan M. Cantrell and David Smith in Workforce of One. The book turns around a traditional belief of organisations as places that demand you fit them and says that you can design organisations to fit the employee.


Monday, October 04, 2010

'Country due diligence'

Books of Account
Global Risk/ Global Opportunity
Shlomo Maital and D. V. R. Seshadri

Get the geography right

Due diligence is not new to today's managers who regularly witness, during acquisitions, the investigatory process, which can be both exhaustive and exhausting. "In part it exists to avoid legal liability, lest the takeover fails, and leads to shareholder litigation. But mostly due diligence seeks to ensure that management knows precisely what it is acquiring, and avoid unpleasant surprises." Explaining thus, Shlomo Maital and D. V. R. Seshadri take the concept of due diligence to a higher plane in Global Risk/ Global Opportunity: Ten essential tools for tracking minds, markets & money.


The 'mobile channel'

Books 2 Byte
The March of Mobile Money
Sam Pitroda and Mehul Desai

The silver bullet for financial and social inclusion

Technology is playing an important role in creating an empowered demographic, write Sam Pitroda and Mehul Desai in The March of Mobile Money: The future of lifestyle management (Harper). They see the growth of mobile telephony engendering a new power group, a billion connected people, a group that is ‘slowly but surely heralding a paradigm shift in the growth and development story of the country.'


Decision making

Book Mark
Think Twice
Michael J. Mauboussin

Dissection of the decision process

Strolling down a supermarket aisle, you see a display of French and German wines, roughly matched for price and quality. After some quick comparisons, you place a German wine in your cart, and continue shopping. Michael J. Mauboussin paints this scenario in Think Twice: Harnessing the power of counterintuition (Harvard), and continues the story after you check out.