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Archive for December, 2005

Mr. Gopalakrishnan succeeds Mr.Ratan Tata as Chairman of Tata Sons Ltd., the holding company for many of the Tata Bluechips like

Tata Steel, Tata Motors,Tata Power, Tata Chemicals, Voltas, etc., Possibly he is the first non-Tata person to head the Tata Empire.

The below article written by him is really interesting!

The grass isn’t always greener on the other side !!

Move from one job to another, but only for the right reasons.

It’s yet another day at office. As I logged on to the marketing and advertising sites for the latest updates, as usual, I found the
headlines dominated by ‘who’s moving from one company to another after a short stint, and I wondered,why are so many people

leaving one job for another?

Is it passe now to work with just one company for a sufficiently long period? Whenever I ask this question to people who leave a

company, the answers I get are: “Oh, I am getting a 200% hike in salary”; “Well, I am jumping three levels in my designation”; “Well,

they are going to send me abroad in six months”.

Then, I look around at all the people who are considered successful today and who have reached the top – be it a media agency, an
advertising agency or a company. I find that most of these people are the ones who have stuck to the company, ground their heels and
worked their way to the top. And, as I look around for people who changed their jobs constantly, I find they have stagnated at some

level, in obscurity!

In this absolutely ruthless, dynamic and competitive environment, there are still no short cuts to success or to making money. The only
thing that continues to pay, as earlier, is loyalty and hard work. Yes, it pays!

Sometimes, immediately, sometimes after a lot of time. But, it does pay. Does this mean that one should stick to an organisation and

wait for that golden moment? Of course not. After a long stint, there always comes a time for moving in most organisations, but it is

important to move for the right reasons, rather than superficial ones, like money, designation or an overseas trip.

Remember, no company recruits for charity. More often than not, when you are offered an unseemly hike in salary or designation that

is disproportionate to what that company offers it current employees, there is always unseen bait attached.

The result? You will, in the long-term, have reached exactly the same levels or maybe lower levels than what you would have in your
Current company.

A lot of people leave an organisation because they are “unhappy”. What is this so-called-unhappiness? I have been working for

donkey’s years and there has never been a day when I am not unhappy about something in my work environment-boss, rude

colleague, fussy clients etc.

Unhappiness in a workplace, to a large extent, is transient. If you look hard enough, there is always something to be unhappy about.

But, more importantly, do I come to work to be “happy” in the truest sense?

If I think hard, the answer is “No”. Happiness is something you find with family, friends,may be a close circle of colleagues who have

become friends.

What you come to work for is to earn, build a reputation, satisfy your ambitions, be appreciated for your work ethics, face challenges

and get the job done. So, the next time you are tempted to move, ask yourself why are you moving and what are you moving into?

Some questions are:

* Am I ready and capable of handling the new responsibility? If yes, what could be the possible reasons my current company has not
offered me the same responsibility?
* Who are the people who currently handle this responsibility in the current and new company? Am I as good as the best among

them?
* As the new job offer has a different profile, why have I not given the current company the option to offer me this profile?
* Why is the new company offering me the job? Do they want me for my skills, or is there an ulterior motive?

An honest answer to these will eventually decide where you go in your career- to the top of the pile in the long term (at the cost of
short-term blips) or to become another average employee who gets lost with time In the wilderness?

“DESERVE BEFORE YOU DESIRE” –
Dr.Gopalkrishnan,
Chairman TATA Sons.

Success is not about reaching your destination before everyone, but how you reach your destination

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I came an article on Internet Why India must invest in intellect ” – Bhanoji Rao

Excerts from his article

India’s competitiveness will, in the final analysis, depend on how well the human resource compares with the best in the world. But none of India’s over 200 universities and 2,400 colleges figures in the top 200 rankings. This can be remedied by encouraging academics to publish in top journals and, more importantly, by using some of the vast forex reserves to disburse fellowships to carefully selected candidates for study abroad. The results of such initiatives will be visible soon enough, says Bhanoji Rao.

Among the top 100 institutions, 51 are located in the US. The UK is second, with 11. The rest of the 38 institutions are distributed as follows: Germany (7), Japan (5), France (4), Canada (4), Sweden (4), Switzerland (3), Australia (2), the Netherlands (2) and Austria, Denmark, Finland, Israel, Italy, Norway and Russia (one each).

India (with over 200 universities and 2,400 professional colleges) does not find a place in the top 100, and not even the top 200. Singapore, with just two state-funded universities, has one in the top 200 and one in the top 400.

In terms of the top 500, India could secure just three places: Indian Institute of Science in the top 300; and IIT, Kharagpur, and the University of Calcutta in the top 500. (Note: The top 500 includes China’s 16 and South Korea’s 9 within the total of 89 from the Asia-Pacific.)

These questions I tried to find out the reason. I already have a accountancy qualification and few years back I thought of pursuing a UK qualification CIMA . I thought it would be an easy exams to pass since I had completed a Indian qualification. It was not like that.

As a I was studying for CIMA, the way the things are explained changed my way of thinking. I realised the course materials and their examination are designed to gear you up to work in industry. I compared the question papers of Company Secretary/ICWAI examinations. I remember, the professors used to stress that ICSI examinations, you should quote the sections of Company Law… and you will get more marks. But in CIMA, they specifically tell, they do not encourage rote learning.

Some other experiences…. CIMA question papers are set in the format of Case Study and all the questions are based on that case study. They stress on application of knowledge and encourage the student to think accordingly. So focus is to develop problem solving approach. The journal that CIMA publishes every month in very good. But our Indian counter parts like ICAI, ICWAI, ICSI are lagging far behind. They have a big brother to take care…. Govt. policies. This was about my experience in accountancy.

When I talk to engineering students and ask them, ” Why do you study Calculus”? Or what is their application… they don’t have an answer to it? What type of education our universities are providing for the students in India?

One of my bosses is an IIT & IIM graduate and Vice President of the company. He is a brilliant person and an effective problem solver. But when he is around among the people similar to his calibre from other companies, you can make the difference in approach of the problem. They are class apart. I really wonder…. how IIT / IIM imparts education to its students…

Where does problems lies in India?

  • Are Indian Universities not funded properly?
  • Does the industry not work in hand with the business? The courses are structured to meet the needs of the industry.
  • Teaching profession is never more lucrative.
  • Colleges are mostly owned by the politicians… who are interested in making money
  • Our education system encourages rote learning and does not encourage creativity in thinking? The competition to get highest percentage is misdirected.
  • The education is too much government controlled. Therefore it takes quite a lot of time to take decisions.
  • Reservation system.
  • Any other reason.

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