Leadership-2

Management has always been an art as well as a science. It is a common knowledge that managing requires exceptional skills and talents. Some of the best leaders in the world essentially apply some magical charismatic skills that they possess to efficiently run operations and administer things at work with unparalleled laudable capabilities. Leaders, apart from managing, focus more on leading. Even in managing, there is less of managing and more of delegating. Essentially, managing less is managing better. Delegating works often increases self-esteem of employees. It also makes them excited about their work and when that happens, great things take place and business flourishes.

All great leaders possess great communication skills. Having an effective communication skill makes things much easier. Leaders are found to have great eyes as well. Eye for detail. Eye for changing pattern and changing preferences. Consequently, they are always able to adapt to change. More so, they are willing to change as and when time and situation demands. Almost all good leaders have one quality in common and that is encouraging new ideas. They welcome new ideas, and focus on values like idea generation, loyalty and commitment to work. They also get themselves involved with all kind of details.

Leadership is an art and it’s worth mastering subtle nuances of this art.

Leadership

A leader is more like a skilled magician who produces unanticipated reality which not only astonishes and amuses the competitive forces but at the same time, a leader also comes with amazing results that satisfy all people connected to the organization including the customers. A leader is a fine culmination of creativity, strong business acumen, inventiveness, organizational and analytical abilities, to name a few. He is a master in the art of management.

What makes a leader tick? What makes him/her different from the normal crowd? Basically, at the core of every leader, there is a human who is more alert, more willing to take risks, more innovative and more prepared for unforeseen situations. It’s not a miracle to be a leader. Rather, it’s that inborn and developed tendency to lead from the front and to go ahead with one’s strong convictions. It has always made for an interesting discussion that where does that rare leadership skills come from? Detailed discussions, observations and studies conclude that some leaders are inborn leaders. Some others develop this talent over the course of life. And finally the third category of leaders emerges out of difficult/challenging situations. But one thing is common amongst all the categories of leaders and that is, these leaders inspire people with vision in their mind of how things can be done better.

Management Insight-3

It has been observed that quality management puts special emphasis on empowering its workers with decision making authority at all the levels in the organization. It also focuses on organizing regular interactive workshop between senior and junior levels of staffs which really help in reducing communication gap and that finally leads to enhanced efficiency and competence. Effective organizations are well aware of the fact that it’s most precious and important constituents are human resources. Considering that they are found to conduct frequent communication skills seminars and personality development programs for its employees. It also helps in long run as leaders develop out of managers.

Every organization wants to have quality leaders because they are one of the most crucial elements for organization’s success. Leaders bring with them vision, goals and clarity which finally makes all the difference. We don’t need to look far to see what some of these great leaders have achieved. When we take names of Ratan Tata, Dhiru Bhai Ambani, Sunil Mittal, Munjal, we find that these leaders single handedly changed the fortunes of their companies and consequently Indian business landscape. They brought revolution, change, new technologies and what not! Behind every successful organization, there was at least one great leader.

Management Insight-2

Talking about first mover advantage, the classical examples are Microsoft in software industry and Coke in Beverage segment. They are renowned for accurately gauging what is going to be required next, what is going to be in demand in coming times and no wonder they are still numero uno in their respective segments. They have always managed to come up with new products befitting the concurrent demands. Talking in Indian context, Maruti and Hero Honda in automobiles segment, Infosys, TCS and the likes have managed to excel because of their first mover strategies. A good management never sits idle on its past laurels. It tends to endlessly strive towards improving its earlier performance and stay ahead of promising competition.

Likewise, fine-tuning itself within the organization is very important in context of today’s situation. A good management recognizes the needs and requirements of its employees. Most of the successful organizations reward their employees for their hard efforts. This helps them standing in good stead in the eyes of employees and at the same time it also motivates employees for better performance. No wonder, it has been found that employee friendly companies tend to perform better than its peers. Successful organizations also follow Delegation of authority and bottom-down management approach, which proves to be very important in enhancing employee’s self-esteem and efficiency.

Management Insight-1

Management is often defined as “The art of getting things done through the people, with the people and by the people”. Global world is changing fast, in fact faster than anything else and so are organizational goals, policies, strategies, formulations etc. the rate of change is so fast that, strategies which worked as magic potion few years back are no longer similarly helpful in today’s circumstances. Earlier theories held as radical are fast turning out to be archaic after some years. That presents a case of the need of dynamics of business being in sync with external world.

Few of the business could not envisage this changing pattern and no wonder, they died a premature death. But smart management is all about foresight and vision. So it tries to be ahead of its time. Most of the successful organizations are found to have this knack of anticipating the approaching changes in the outer world. This proves to be a sure shot way in sustaining a business provided other basics are in place. Consumers have become demanding and that’s not surprising given the fact that they are spoilt for choices. In such situation, anticipating shifting customer inclinations help businesses to diversify themselves and thus preserve and even enlarge their consumer base. It also gives them a first-mover advantage.

Why MBA-3

Thus, keeping up to date periodically through Constant professional development is of paramount importance. This development program includes seminars, focused groups, discussion gatherings etc. No wonder; these steps definitely enhance professionals’ careers and help them in stay afloat in tough corporate world.

In nutshell, MBA is a lucrative profession with opportunities of globe trotting, handsome pay packages and great chances of intellectual stimulation. Apart from giving a business qualification, this degree also improves job opportunities, helps in obtaining specialist skills, gives a firm career direction and last but not the least increases self confidence and self esteem. With fluctuating World economy the uncertainties are a common state of the affair. The eternal circle of boom and depression keeps on repeating themselves. During the time of boom, almost all and any MBA can be employable. They help in keeping that boom phase intact. Whereas, in the time of recession or depression their work is all about handling the economy in most effective way and help it in coming out of that vicious circle. These make the job of MBAs even more crucial. MBAs are the need of the hour. And They are there to stay! Yes, the world of MBA is indeed vivid.

Why MBA -2

Not all courses are same. They always differ in terms of content, methods, duration and elective subjects. The basic degree is general management degree/diploma where all students are supposed to study few core subjects in the first year. In the second year, students get a menu of electives for the purpose of their specialization. It can be, marketing, finance, human resource management, system, operations etc. new age business schools and few reputed ones have also started to provide specialization in new subjects like banking, entrepreneurship and financial services etc. Thus, an MBA course from a good business school prepares the students in such a way that they can face those challenging conditions bravely.

On one hand an MBA course prepares candidates for future challenges and on the other, it should also be kept in mind that, the course won’t suffice for a lifelong professional career. The reason being constant technological change and new knowledge requirements.

To quote “US Department of Labor, technological change and new knowledge requirements have cut the 'half-life of skills' (the amount of time it takes one to lose half the value of his skills) from between seven and fourteen years in the late 1960s to between five and seven years by the late 1980s”. To think of it, this analysis is only about late 80s! What would have happened if we try to analyze that shrinking ratio till 2007? But natural, it will have shrunk even further.