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Just think your monthly income is half million that should provide you a top line lifestyle, preferring prestigious schools for your children, expensive restaurants and gifts. And due to a sudden crisis, you lose your Job, the lockdown has hit Jobs and savings. Now You came to a point of realisation that You can’t adopt that expensive lifestyle anymore, there is fear and widespread panic that causes the maximum distress.
Let me tell you pandemic had led to significantly more suicides among professionals. Couple who were Professional engineers ends life at Pune due to financial insecurity. As a matter of fact, his high-class lifestyle habits killed him, just because he can’t seek help from his family because of his self-dignity. Depression killed him due to the frequent crashes in the share market, also led to sharp downfall in the stock market.
The Pandemic has compounded India’s economic challenges, with millions losing their Jobs. These mass lay-offs are putting fear into employees. Their monthly salary of about 17k was cut by 11 percent. The coronavirus pandemic only intensified their pressure.
“There is fear and widespread panic. The entire Indian economy is in the petrified zone”
According to the statistics of CMIE, 100 million people were benched with “no work” due to the heavy pandemic. The merchant class, the major component of Indian middle class is now a pathetic figure.
Banaras saree Industry is struggling amidst coronavirus. A weaver living in Banaras even told about the closure. They have an annual income of about Rs 6000 crore. They sell for 250 days. The business is closed for 100 days. This Industry is currently closed due to the covid-19 outbreak and due to this, many families are struggling. The coronavirus triggered crisis has not only led to the fall in the sale of sarees, a number of workers associated with the Banaras saree industry are also suffering
The tourism Industry has always been one of the Industries hardest hit by pandemics and crises. Now the maintenance cost of hotels is too high. People from different parts of the country working at hotels, dharmshalas and lodges lost their Jobs Directly and Indirectly. Somehow Government failed to provide direct help to these much-needed sections.
Thus, much support from the Government is needed to remove the hurdles of the Indian Middle Class. They can neither seek helping hands from anyone nor they can keep his self-esteem. Now what they should do in such a situation is a matter of debate for us.
Today the Quantum of economic burden for the middle class is the most. Modi Govt is not at all taking any favourable decisions to avoid the possibility of such Incidents in India.
India’s contracting economy is rebooting from coronavirus blow, but at the same time government need to make sure that the people strongly believe that the government stands firmly with them.
Entrepreneurs face obstacles from the moment they wake up in the morning, whether they're trying to satisfy investors, struggling to meet payroll, dealing with unexpected complications or delivering a new product to market.
Of course, not everyone is cut out for these rough seas. But some individuals stand out as being particularly well-suited for dealing with what investor and advisor Ben Horowitz calls the “hard things.”
It’s these entrepreneurs who turn what seems to be an unending stream of difficulty into advantage. They emerge from obstacles stronger and more successful. While others lose their heads (or their shirts), they not only remain calm but seize the offensive and the opportunities. Subjected to such obstacles, these entrepreneurs are transformed much in the way that Andy Grove, former Intel CEO, observed, “Bad companies are destroyed by crisis. Good companies survive them. Great companies are improved by them.”
As it turns out, there is a method for understanding and acting upon the obstacles that life throws at us. There is a way to be improved by them. Roman Emperor Marcus Aurelius forged this formula centuries ago and wrote it to himself as a daily reminder:
“Objective judgment, now at this very moment.
Unselfish action, now at this very moment.
Willing acceptance -- now at this very moment -- of all external events.
That’s all you need.
The ability to transform a crisis into an opportunity is the hallmark of all successful enterprises that have stood the test of time. Yet today, even the most successful enterprises are facing crises they’ve never faced before as they compete in a business environment that is being radically transformed by digitization. It may be a crisis of cost pressure or limited capacity, or the inability to meet the needs of the rapidly changing market. Many large enterprises face strategic challenges that relate to a fragmented IT environment with too much overhead and portfolio maintenance to allow for innovation. And yet there is no time to waste. Action is expected now.
In many of these cases, an enterprise must make a dramatic change to its operating model, which can distress employees and threaten the bottom line. People are not sure of their roles. Leaders are not sure how to turn their vision into a reality.
Enterprises addressing big change often operate as if there are only two extreme approaches:
•The methodical approach, which is a step-by-step way to minimize risk but can take a long time with increased cost and transformation fatigue, or
•The rip-the-bandage-off approach, which focuses on the most important tasks and manages risk in a hyper-care manner. This approach is quick and puts less burden on the organization overall, but the increased risk may cause rework, and—even worse—gaps in service that may come with a high cost.
•Lois is speaking at the 2015 ISG Sourcing Industry Conference.
In the best of cases, the answer ends up in between the two extremes, with an approach tailored to specific environmental and internal factors.
Here are the Top 5 ways an enterprise can turn a crisis into an opportunity and implement big change:
1.Focus on the needs of the business and the customer. Address how the change and its related risks will impact the customer. Identify the most critical roles and activities and develop a more methodical approach in those focus areas, along with enhanced organizational change activities.
2.Define the burning need. If you were in IT in the year 1999, there was no doubt that the priority was “Y2K.” The same clarity can be created today. Identify your priorities and make them known. Build an enterprise-wide understanding of WHY a change is about to take place, WHY it is best for the company and WHY it’s best for the IT organization. Everyone has a role to play in making change. Help make it personal for them.
3.Standardize and integrate processes through an integration platform. Most large enterprises have grown both organically and through mergers and acquisitions. Over time, employees use any number of stopgap solutions to compensate for fragmented and insufficient systems, creating a patchwork of software and manual work-arounds that make for slow and onerous processes. Implement an integration platform that standardizes processes across verticals and train everyone on the same methods.
4. Build a workforce that offers business-differentiating skills. When an enterprise has a highly tenured workforce, it may become lax, doing things the way they have always been done. This workplace culture can make it difficult to adopt the latest methodologies and emerging technologies. Bring in new and diverse talent to stir in fresh approaches and infuse expertise that may be missing.
5. Create a strong cross-stakeholder program team to make it happen. Involvement from key vocal business stakeholders, service providers and other adjacent organizations such as finance and procurement is essential for decision-making and progress. Also, be sure to take advantage of those who have done this before. Use tried and true methods. There is no gold medal for making it up on your own.
What follows are five strategies born of this ancient maxim. Forged over centuries, this framework contains timeless wisdom that we all can use to turn the challenges we face into great triumphs for ourselves and our companies. It’s the one thing that all great entrepreneurs have in common.
1.Keep a cool head. John D. Rockefeller was barely two years into his first job when the Panic of 1857 struck. Rockefeller could have become depressed and paralyzed by the unfortunate circumstances he faced. But instead of bemoaning the timing of the economic upheaval, he chose to perceive events differently than his peers. He looked at them as an opportunity to learn, to experience a baptism by the market. He was inclined to see opportunity in every disaster, as he once put it.
Within 20 years of that first crisis, Rockefeller alone controlled 90 percent of the oil market.
Like Rockefeller, today's entrepreneurs live in turbulent times. Instead of letting our perception of events cloud our judgment, we can look to companies like LinkedIn and Microsoft, that were both founded during times of economic crisis. When others become lost worrying about a competitor’s latest acquisition or an investor having a fit, we can channel Rockefeller's coolness under pressure and look for the opportunity in a crisis.
2. Think differently. Steve Jobs was famous for what observers called his “reality distortion field,” which made him dismissive of phrases like “It can’t be done.” When he ordered a special kind of glass for the first iPhone, manufacturers were aghast at the aggressive deadline. “Don’t be afraid,” Jobs said. “You can do it. Get your mind around it. You can do it.”
Nearly overnight, manufacturers transformed their facilities into glassmaking behemoths, and within six months they had made enough for the whole first run of the phone. His insistence pushed them past what they thought was possible.
We can choose to reject our first judgments and the objections that spring out of them by insisting that obstacles are in fact malleable not concrete. Like, Apple's leader we must have faith in our ability to make something where there was nothing before. To companies like Facebook and Google in their startup years, the idea that no one had ever done something was a good thing. It meant there was an opportunity to own it themselves.
3. Ignore the rules. Samuel Zemurray, the owner of a small upstart fruit company, was once told he couldn’t build the bridge he needed across the river in Central America. This was because government officials had been bribed by United Fruit, one of the most powerful companies in the United States at the time.
So Zemurray had his engineers build two long piers that reached far into the center of the river instead. When needed they strung a temporary pontoon that could connect them in a matter of hours. When United Fruit complained, Zemurray simply laughed and replied, “Why, that’s no bridge. It’s just a couple old wharfs.” We can see this type of stoic ingenuity in startups like Uber and Tesla. There are times that we must take bold action that requires ignorance of outdated or oppressive regulations to accomplish our business goals. What’s right is what works.
4. Anticipate (think negatively). There is a popular technique being used by individuals at startups and Fortune 500 companies that the Harvard Business Review has called the pre-mortem. This premortem technique, designed by psychologist Gary Klein, is an exercise in practicing hindsight in advance. But like all great ideas, it's actually nothing new. The credit goes to the ancient Stoics. They even had a better name for it: premeditatio malorum (premeditation of evils).
Our plans rarely resemble the way things turn out. But as stoic entrepreneurs, we can rehearse in our minds what could go wrong and not be caught by surprise. Using this process, we surpass our competitors who are shocked and fall back, devastated by what they did not imagine coming.
5. Amor fati (or love your fate). When Thomas Edison's entire research and production campus burned to the ground, he didn’t get angry or become despondent. Instead, he became energized and invigorated. In only three weeks the factory was partially back up and running, all because Edison practiced what the ancient Stoics called amor fati, love of fate.
In our own lives, we can follow Edison's example when we lose an investor or an employee unexpectedly leaves our startup. When Jack Dorsey was replaced as CEO at Twitter, he didn’t become paralyzed or depressed. Instead he accepted it and went on to found Square, one of the largest payment-processing startups in the world. We don’t benefit from tears, anger or despair. We always get something out of passionate intensity and energy.
These great entrepreneurs all used strategies from the ancient Stoics to flip obstacles upside and find opportunities within them. They lived out the axioms of Marcus Aurelius and followed a group that Cicero called the only “real philosophers” -- the ancient Stoics -- even if they had never read them.
Lessons for Management Students and Professionals.
Happy Interns by MBA
Be A Successful Blogger
Be A Successful MBA
I Am Happy You Are Happy
Happiness and Motivation
Magic Of Dream Big
Personal Management : Tasks, Goals, Responsibilities, Practices, Success,
How TO Win Friends AND Influence People Around
What Business Management IS
Magic Of Dream Big Book By Think Big Dream Big Book
Are Happy Managers Are More productive?
Productivity Speed and Relevancy
Becoming A Big Leader
Modern Organization Behaviour
Time Management for Management Students and Professionals.
Dear Middle Class of India........
Just think you earn one and a half million rupees a month, you are running a very high class lifestyle, children are going to study in the most expensive school in the city, and once a week in any expensive restaurant or mall, you can eat or If you go for a walk, you can buy expensive expensive Gifts.
And think that between all these external orders, your job goes away. Money stops coming in the house and all your savings slowly end.
Now, because you have been in the same lifestyle etc., now it will be as difficult for you to come back from there as a beggar to adopt that lifestyle after the lottery.
You must be wondering why I am telling you all this.
Let me tell you that an engineer couple who lived in Pune MS, over the last few days, committing suicide due to money. Whatever the reason may have been, it must not have been there at all that they have no money to eat or their families have not been able to run their house.
What could have been the reason?
As a matter of fact, his high class lifestyle habits killed him. His family could help him, but self-respect and shame of not spreading his hand in front of others killed him. Depression killed him due to the loss of millions caused by trying to wager in the stock market.
Corona is at its peak in the country. Today the economy of the country has gone so far that even the biggest industry has succumbed to it. So what should you talk about?
Private companies are continuously cutting their employees' salaries and how many people are being discharged ...
This is the reason that the problem increases day by day. Whose weight is falling on the medium itself.
According to the statistics of CMIE Center for Monitoring Indian Economy, so far 100 million people people have lost their jobs due to corona infection in the country.
Now it will not be appropriate to talk only about the jobbers here. The merchant class of the country is also affected by this. Where in the month of April-May, due to the marriage season, there was a lot of excitement in the markets, everything is closed. The work of manufacturing in factories is at a standstill.
These days a weaver living in Banaras who used to work in making the world famous Banarasi saree tells us that some orders were received from January to February, but after March 22, it was completely closed. The month Banarasi saree has a turnover of around 200 crores in the markets around the world. Which is based on hand loom and powerloom handloom. Here, along with 50 thousand handlooms, more than one lakh power looms are attached to which the livelihood of 7 lakh weavers is attached. This is also the case for hoteliers. Since 22 March, the government has canceled all international flights, which has affected the tourism and hotel industry significantly. Let me tell you that Banaras where there was a daily business of up to 5 crores due to the travel of tourists. Is completely stalled. Now that the maintenance of the finished hotels was costing a lot, then how many big hotels, dharamshalas and lodges stopped their business, so many people lost their jobs directly and indirectly. Governments needed to provide direct help to these sections at such a time, but somewhere it failed.
Here the governments need to understand that the Mazdoor will take ration in the lines, the rich do not need it but what about the middle class? He can neither spread his hand in front of anyone nor can keep his self-esteem on the lines and look at the lines. Now, what he should do in such a situation can be a matter of debate for us and people like you, but here the government also needs to think. Otherwise, there is a possibility of such incidents increasing.
Modi Govt is the Worst Govt So far. They are Selling all possible Govt property to Adani or Ambanis.
Well, the country's economy is moving towards opening up, at the same time people also need to make sure that the government stands firmly with them.
India is Collapsing
While everyone is busy debating on
India-Pakistan
370-Kashmir
Hindu-Muslim
CAA, NRC, NPR, etc
shaheen bagh
We miss to notice what's happening to INDIA:
External Debt of India 500 + Billion Dollars.
Vodafone is in loss of ₹50,000 Crore.
Airtel is in loss of ₹23,000 Crore.
BSNL is in loss of ₹14,000 Crore.
MTNL is in loss of ₹755 Crore.
BPCL is in loss of ₹750 Crore.
SAIL is in loss of ₹286 Crore.
AIR India is in loss of ₹4600 Crore.
Spice Jet is in loss of ₹463 Crore.
Indigo is in loss of ₹1062 Crore.
BHEL is in loss of ₹219 Crore.
India Post is in loss of ₹15,000 Crore.
GMR Infra is in loss of ₹561 Crore.
YES Bank is in loss of ₹600 Crore.
Union Bank is in loss of ₹1190 Crore.
PNB Bank is in loss of ₹4750 Crore।
Axis Bank is in loss of ₹112 Crore.
J P Group finished
Videocon bankrupt
Aircel & Docomo is dead
Tata Docomo perished
Jet Airways closed
Airports Sold- 5 airports sold to Adani.
Railways are on sale
Heritage Renting-Heritages including Red Fort
Nationalized Banks Merger- Many nationalized banks have merged, many branches have literally closed.
ATM Rooms- Huge numbers of ATM Rooms are set down.
All Banks incurring huge losses.
36 largest debtors missing from country.
Few Corporates Rs 2.4 lakh crores loan waived off
BSNL- 54,000 may cut more jobs.
Auto Industry-1 million to be laid off
Maruti- Largest car maker cuts production.
Car Inventory- Rs 55000 crores car inventory lying at factories, with no buyers.
Houses Unsold-12.76 lakhs houses unsold in 30 major cities.
Builders Suicide- All over stressed. Some committing suicide, no buyers. Construction Stopped due Mat cost rise (GST at 18% to 28%).
CCD founder- V G Siddhartha committed Sucide due to huge debt.
HAL- No money to pay salary for employees.
ONGC- Most profitable company in India is now making losses.
OFB- Under corporatization affecting over 1.5 lac employee & families.
Biscuits Companies- like Parle-G on the verge of terminating it’s employees.
Unemployment- Millions unemployed due to Demonetization.
Highest unemployment in 45 years
Domestic Stagflation- Highest recorded
Leaving India- Record HNI individuals leaving India.
May be many more...
Nothing is shown in media. Media is busy debating India Vs Pakistan, and Hindu Vs Muslims who were living peacefully with tranquility till recently.
It's our duty to let all others know the real picture.
जरा सोचिए कि आप एकडेढ़ करोड़ रुपये कमाते हैं, आप बहुत उच्च श्रेणी की जीवन शैली चला रहे हैं, बच्चे शहर के सबसे महंगे स्कूल में पढ़ने जा रहे हैं, और सप्ताह में एक बार किसी महंगे रेस्तरां या मॉल में, आप खा सकते हैं या यदि आप टहलने जाते हैं, तो आप महंगे महंगे उपहार खरीद सकते हैं।
और सोचें कि इन सभी बाहरी आदेशों के बीच, आपकी नौकरी चली जाती है। घर में पैसा आना बंद हो जाता है और आपकी सारी बचत धीरे-धीरे खत्म हो जाती है।
अब, क्योंकि आप एक ही जीवन शैली आदि में हैं, अब लॉटरी के बाद उस जीवन शैली को अपनाने के लिए भिखारी के रूप में वहाँ से वापस आना आपके लिए उतना ही मुश्किल होगा।
आप सोच रहे होंगे कि मैं आपको ये सब क्यों बता रहा हूं।
आपको बता दें कि पुणे में रहने वाले एक इंजीनियर दंपति पिछले कुछ दिनों से पैसों के कारण आत्महत्या कर रहे थे। जो भी कारण हो सकता है, यह बिल्कुल भी नहीं रहा होगा कि उनके पास खाने के लिए पैसे नहीं हैं या उनके परिवार उनके घर को चलाने में सक्षम नहीं हैं।
क्या कारण हो सकता है?
तथ्य की बात के रूप में, उनकी उच्च श्रेणी की जीवन शैली की आदतों ने उन्हें मार डाला। उनका परिवार उनकी मदद कर सकता था, लेकिन दूसरों के सामने अपना हाथ न फैलाने के स्वाभिमान और शर्म ने उनकी हत्या कर दी। शेयर बाजार में दांव लगाने की कोशिश के कारण लाखों के नुकसान के कारण डिप्रेशन ने उसे मार डाला।
देश में कोरोना अपने चरम पर है। आज देश की अर्थव्यवस्था इतनी आगे बढ़ गई है कि सबसे बड़े उद्योग ने भी आत्महत्या कर ली है। तो आपको क्या बात करनी चाहिए?
निजी कंपनियां अपने कर्मचारियों के वेतन में लगातार कटौती कर रही हैं और कितने लोगों की छुट्टी हो रही है ...
यही कारण है कि समस्या दिन-प्रतिदिन बढ़ती जाती है। जिसका वजन माध्यम पर ही पड़ रहा है।
भारतीय अर्थव्यवस्था की निगरानी के लिए CMIE सेंटर के आंकड़ों के अनुसार, देश में कोरोना संक्रमण के कारण अब तक 100 मिलियन लोग अपनी नौकरी खो चुके हैं।
अब यहाँ केवल जॉब करने वालों के बारे में बात करना उचित नहीं होगा। देश का व्यापारी वर्ग भी इससे प्रभावित है। जहां अप्रैल-मई के महीने में, शादी के मौसम के कारण, बाजारों में बहुत उत्साह था, सब कुछ बंद है। कारखानों में विनिर्माण का काम एक ठहराव पर है।
इन दिनों बनारस में रहने वाला एक बुनकर जो विश्व प्रसिद्ध बनारसी साड़ी बनाने का काम करता था, हमें बताता है कि जनवरी से फरवरी तक कुछ ऑर्डर मिले थे, लेकिन 22 मार्च के बाद इसे पूरी तरह से बंद कर दिया गया। महीने बनारसी साड़ी का दुनिया भर के बाजारों में लगभग 200 करोड़ का कारोबार है। जो हाथ करघा और पावरलूम हथकरघा पर आधारित है। यहां 50 हजार हथकरघा के साथ-साथ एक लाख से अधिक बिजली करघे लगे हुए हैं, जिनमें 7 लाख बुनकरों की आजीविका जुड़ी हुई है। होटल वालों का भी यही हाल है। 22 मार्च से, सरकार ने सभी अंतरराष्ट्रीय उड़ानों को रद्द कर दिया है, जिससे पर्यटन और होटल उद्योग काफी प्रभावित हुआ है। आपको बता दें कि बनारस जहां पर्यटकों की यात्रा के कारण रोजाना 5 करोड़ तक का कारोबार होता था। पूरी तरह से ठप है। अब चूंकि तैयार होटलों के रखरखाव में काफी खर्च हो रहा था, तो कितने बड़े होटल, धर्मशालाओं और लॉज ने अपना व्यवसाय बंद कर दिया, इसलिए कई लोगों ने प्रत्यक्ष और अप्रत्यक्ष रूप से अपनी नौकरी खो दी। सरकारों को ऐसे समय में इन वर्गों को प्रत्यक्ष मदद देने की आवश्यकता थी, लेकिन कहीं न कहीं यह विफल रही।
यहां सरकारों को यह समझने की जरूरत है कि मजदूर लाइनों में राशन लेंगे, अमीरों को इसकी जरूरत नहीं है, लेकिन मध्यम वर्ग का क्या? वह न तो किसी के सामने हाथ फैला सकता है और न ही अपने स्वाभिमान को लाइनों पर रख सकता है और न ही लाइनों को देख सकता है। अब ऐसी स्थिति में उसे क्या करना चाहिए, यह हमारे और आपके जैसे लोगों के लिए बहस का विषय हो सकता है, लेकिन यहां सरकार को भी सोचने की जरूरत है। अन्यथा, ऐसी घटनाओं के बढ़ने की संभावना है।
मोदी सरकार अब तक की सबसे खराब सरकार है। वे अडानी या अम्बानी को सभी संभावित सरकारी संपत्ति बेच रहे हैं।
खैर, देश की अर्थव्यवस्था खुलने की ओर बढ़ रही है, साथ ही लोगों को यह भी सुनिश्चित करने की जरूरत है कि सरकार उनके साथ मजबूती से खड़ी रहे।
ON BECOMING A LEADER
Deemed the dean of leadership gurus by Forbes magazine, Warren Bennis has for years persuasively argued that leaders are not born they are made. Delving into the qualities that define leadership, the people who exemplify it, and the strategies that anyone can apply to achieve it, his classic work On Becoming a Leader has served as a source of essential insight for countless readers.
In a world increasingly defined by turbulence and uncertainty, the call to leadership is more urgent than ever. Featuring a provocative new introduction.
FINANCIAL INTELLIGENCE
Companies expect managers to use financial data to allocate resources and run their departments. But many managers can't read a balance sheet, wouldn't recognize a liquidity ratio, and don't know how to calculate return on investment. Worse, they don't have any idea where the numbers come from or how reliable they really are.
In Financial Intelligence, Karen Berman and Joe Knight teach the basics of finance–but with a twist. Financial reporting, they argue, is as much art as science. Because nobody can quantify everything, accountants always rely on estimates, assumptions, and judgment calls. Savvy managers need to know how those sources of possible bias can affect the financials and that sometimes the numbers can be challenged.
Accessible, jargon-free, and filled with entertaining stories of real companies, Financial Intelligence gives nonfinancial managers the financial knowledge and confidence for their everyday work. Karen Berman and Joe Knight are the owners of the Los Angeles-based Business Literacy Institute and have trained tens of thousands of managers at many leading organizations. Co-author John Case has written several popular books on management
At #Toronto Pearson International Airport: a rally organized by various unions and #Aviation workers to send a clear message to the Canadian Government, "which has given close to no assistance to the bleeding Aviation Industry". Photos from a Dear Pilot Friend.
At #Toronto Pearson International Airport: a rally organized by various unions and #Aviation workers to send a clear message to the Canadian Government, "which has given close to no assistance to the bleeding Aviation Industry". Photos from a Dear Pilot Friend.
Fathima Shamsudheen
