This section contains information on various aspects of general interests in the domain of management.

Learnings from Life

1) Speed of Money New

In a classic little book “What the CEO wants you to know” published twenty years ago, Ram Charan, famed business consultants and then professor of Kellogg Business School, told a story of a street vendor in Managua, Nicaragua to illustrate a fundamental business principle to his MBA students. Most of the street vendors were poor peasants or merchants who were selling some kinds of produces, t-shirts, or hand made small crafts. When the group approach one of the women vendors and asked her where she got the money to pay for the merchandise. She said she borrowed it, at an interest rate of about 34% a year. When she told the group that she typically made about 5% profit for her sales, Professor asked his students how could she survive with 5% profit while borrowing at 34% interest rate. ...Read More


2) An Awe Inspiring Story... - He begged for a living, now owns a Rs 30 crore empire

When he was young, Renuka Aradhya would beg for foodgrains, which he'd sell for a living.

Today, he owns a company that employs 150 people and directs three start-ups. ...Read More


3) Future workplace will be work from home-office hybrid

The pickup in the Covid vaccination drive has encouraged several organisations to raise queries with consultants on whether the process of returning to office can begin. However, what's increasingly becoming clear - and large companies are setting an example - is that a 'hybrid' workplace is going to be the way forward. ...Read More


4) How TCS made 390,000 employees location-independent and agile

In the backdrop of the pandemic, India’s largest IT exporter executed a massive workforce migration.

When the pandemic broke out in March 2020, India’s largest IT exporter TCS (Tata Consultancy Services) had a formidable task on its hands.

The $22 billion IT services company has 488,649 employees spread across 107 locations in India and 76 overseas locations. TCS needed to ensure remote and secure operations for nearly 390,000 employees in India. ...Read More


5) Salesforce CEO Marc Benioff expects half or more of employees to work from home after the pandemic: 'The past is gone'

In an interview on Monday, Salesforce CEO Marc Benioff said that the number of employees working from home will remain high even after the Covid pandemic ends.

Prior to Covid-19, about 20% of employees worked from home, Benioff said. ...Read More


6) Research Shows People Become Increasingly Unhappy Until Age 47.2. Here's How to Minimize the Negative Effect of the 'Happiness Curve'

While middle age "misery" reaches its low point in our late 40s, still: There are definitely ways to minimize the effect of a global phenomenon.

If you're 30 years old and feel less happy than you did when you were 20, science says you're not alone. If you're 40 years old and feel less happy than when you were 30, science says you're also not alone.

And if you're 47.2 years old and feel less happy than you did when you were 40, recent research says you're definitely not alone.

Why? Research conducted by Dartmouth professor David Blanchflower on hundreds of thousands of people in 132 countries shows that people around the world experience an inverted, U-shaped "happiness curve."

Starting at age 18, your happiness level begins to decrease, reaching peak unhappiness at 47.2 in developed countries and 48.2 in developing countries.

The good news is that happiness levels then gradually increase. ...Read More


7) If You're Doing These 4 Things to Reduce Anxiety at Work, You're a Better Leader Than You Think

Bestselling authors Adrian Gostick and Chester Elton address the issue of anxiety for anyone who runs a team.

If the global pandemic has had one silver lining, it might be the realization among leaders at all levels that anxiety is a real business issue.

They were home with family, feeling isolated, and struggling to stay connected with their teams. As their level of anxiety rose, many experienced a realization that mental well-being is a real concern. ...Read More


8) These architects popularized the open office. Now they say 'the open office is dead'

Clive Wilkinson Architects championed open offices for big companies such as Google and Microsoft. Now, as the pandemic has led to a massive overhaul of work life, they envision something completely different. ...Read More


9) How to Pitch Your Ideas in 10 Minutes or Less

Use these three strategies to quickly grab your audience's attention. ...Read More


10) Don't Underestimate the Power of a Walk

When I think about the simplest and most strategic thing I am able to do for myself that's Covid-safe, it's walking. ...Read More


11) The Science of "Sleeping on It"

Experts say if you want to harness sleep's problem-solving powers to the fullest, think about your dilemma just before bed.

Thomas Edison appreciated a good midday snooze, and the great inventor's quirky napping routine has become legend. By most accounts, Edison liked to settle into a comfortable chair with a ball bearing in each hand, and metal pie pans at his feet. After dozing for a while, Edison's hands would relax and the ball bearings would clatter into the pans, waking him up. ...Read More


12) On Humility...

Cricketer Rahul Dravid Was Honoured With a Doctorate Degree By The University Of Bangalore, Which Rahul Dravid Gracefully Returned. Not Only Did He Give Back The Degree, But He Also Gave A Wonderful Speech; He Said "My Wife Is A Doctor, She Has Spent Countless, Sleepless Nights And Days To Get This Degree."

"My Mother Is A Professor Of Arts, She Has Waited A Long Fifty Years For Her Degree With Perseverance. I Worked Hard To Play Cricket, But I Didn't Study That Much , So How Come I Accept This Degree?"

Einstein Was offered the Prime Ministership by The Israeli Government in 1952. Einstein Politely Said, "I Am An Inexperienced Student Of Physics. What Do I Understand About The Governance and Administration of a State !!!

Grigori Perelman, The Russian World-renowned Mathematician, Returned the Field Medals in 2006 and a large Sum of Money, Regarded as the Equivalent of Nobel Prize in the Field Of Mathematics

He said

We Had a Poverty Driven Childhood in Our Family

We had to manage in a very calculative manner to save mother's earnings. May be, that's the reason why I was able to develop a little skill in mathematics since childhood

Since that phase of poverty is not there anymore in my life, what do I do with so much of money?" Seeing the humility of these people, one has to bow down in respect

These humble and down to earth people remind us over and over again that being humble does not mean one gets less dignified in the eyes of the society, rather it portrays in them a much larger than life image

As there is a saying 'Sky is the limit for humility while there is no limit at all to stoop down to any level.


13) Overthinking!!!

Overthinking can take many forms: endlessly deliberating when making a decision (and then questioning the decision), attempting to read minds, trying to predict the future, reading into the smallest of details, etc. ...Read More


14) An Awe Inspiring Story...

"At 107, there's nothing I can't do! I wake up at 3 AM, go to my farm before anyone did, after a whole day of ploughing and harvesting, I cycle down to the market to sell my produce!

I’m self-taught..was 14 when I got married...women were confined to four walls, So, at 16, I started my first venture–idli-vada shop. This was the 1950’s–I’d make about 20 Rs a month!
...Read More


15) Course to success: Coursera's CEO on the value of lifelong learning

Jeff Maggioncalda, CEO of online education provider Coursera, knows what it is like to put his professional life on pause.

In 2015, Maggioncalda took a break from working in financial services and ended up traveling the world with his wife for two- and-a-half years, spending four weeks at a time in South Africa, China, Southeast Asia and more. ...Read More


Behavioural

1) Why Some People Get Burned Out and Others Don’t

Everyone faces stress at work, but some people are able to handle the onslaught of long hours, high pressure, and work crises in a way that wards off burnout. You can get better at handling stress by making several mental shifts:

  • Don’t be the source of your stress. Resist your perfectionist tendencies and your drive for constant high achievement. Recognize when you’re being too hard on yourself, and let go.
  • Recognize your limitations. Don’t try to be a hero. If you don’t have the ability or bandwidth to do something, be honest with yourself and ask for help.
  • Reevaluate your perspective. Do you view a particular situation as a threat to something you value? Or do you view it as a problem to be solved? Change how you see the situation to bring your stress levels down. ...Read More


2) Richard Branson's 3 Best Tips for Overcoming Self-Doubt

The Virgin founder and all-around adventurer's best tricks for pushing past self-doubt. ...Read More


3) Brainstorming Is Dumb

Studies show it produces fewer good ideas than when people think on their own. Thankfully, there's a better way to work in groups.

If you work in an office, your boss has probably forced you into a brainstorming session or two (or 12). Brainstorming, after all, is supposedly a killer way to come up with ideas, and businesses want to take advantage of all that collective creativity. But it turns out that brainstorming is actually a terrible technique - in fact, people generate fewer good ideas when they brainstorm together than when they work alone. Thankfully, there's a better way: a technique called brainwriting (think brainstorming, but with a pen and paper and less chitchat). And in a new study, researchers tested out variations of this method to understand exactly how to help people come up with their best ideas. ...Read More


4) Why the "velvet hammer" is a better way to give constructive criticism

Have something difficult to say? These are the exact words you should use.

It's time to bag the sandwich method of delivering bad news. You know, the technique where you say something nice, then drop in the criticism, and the end with something nice. It's not like the person won't notice that the center of the sandwich is terrible; the method is really designed to make it easier on the giver. ...Read More


5) Harvard Researchers Say This Mindset Matters Most: Follow the Rule of 3 Questions to Be More Likable

Three simple questions, vastly improved conversational outcomes. ...Read More


6) Our Brain Typically Overlooks This Brilliant Problem-Solving Strategy

People often limit their creativity by continually adding new features to a design rather than removing existing ones

For generations, the standard way to learn how to ride a bicycle was with training wheels or a tricycle. But in recent years, many parents have opted to train their kids with balance bikes, pedalless two-wheelers that enable children to develop the coordination needed for bicycling - a skill that is not as easily acquired with an extra set of wheels. ...Read More


Management Education

1) Why Do We Undervalue Competent Management?

Neither great leadership nor brilliant strategy matters without operational excellence.

Business schools teach MBA students that you can't compete on the basis of management processes because they're easily copied. Operational effectiveness is table stakes in the competitive universe, according to the strategists. But data from a decade-long research project involving 12,000 firms challenges that thinking. ...Read More


2) What is growth hacking and how is it different from marketing?

Coined by Sean Ellis, the concept of growth hacking came into existence in 2010. While it has been a buzzword for a while, some feel it is just another term for marketing.

Growth hacking has been a buzzword for a while now. Some people feel it's just a fancier term for marketing. But is it true? Also, what is growth hacking anyway? ...Read More


3) Managing Oneself : How to build on your strengths

Throughout history, people had little need to manage their careers - they were born into their stations in life or, in the recent past, they relied on their companies to chart their career paths. But times have drastically changed. Today we must all learn to manage ourselves.

What does that mean? As Peter Drucker tells us in this seminal article first published in 1999, it means we have to learn to develop ourselves. We have to place ourselves where we can make the greatest contribution to our organizations and communities. And we have to stay mentally alert and engaged during a 50-year working life, which means knowing how and when to change the work we do.
...Read More


4) Who Created Maslow's Iconic Pyramid?

A new paper investigates the real origins of Maslow's pyramid.

Abraham Maslow's iconic pyramid of needs is one of the most famous images in the history of management studies. At the base of the pyramid are physiological needs, and at the top is self-actualization, the full realization of one's unique potential. Along the way are the needs for safety, belonging, love, and esteem.

However, many people may not realize that during the last few years of his life Maslow believed self-transcendence, not self-actualization, was the pinnacle of human needs. What's more, it's difficult to find any evidence that he ever actually represented his theory as a pyramid. On the contrary, it's clear from his writings that he did not view his hierarchy of needs like a video game-- as though you reach one level and then unlock the next level, never again returning to the "lower" levels. He made it quite clear that we are always going back and forth in the hierarchy, and we can target multiple needs at the same time.

If Maslow never built his iconic pyramid, who did? ...Read More


5) Google's 7-Step Process to Delegating Tasks That Any Manager Can Use

The best Google managers empower their teams and do not micromanage.

This idea came in at No. 2 on Google's top 10 list of effective manager traits. If you haven't heard the story, Google in an effort to prove that bosses weren't necessary, ended up finding the exact opposite -- managers not only matter, but they can significantly influence the performance of their teams. But they didn't stop there. After realizing that managers were important, they embarked on a quest to uncover all the behaviors that made some more effective than others. The initiative became known as Project Oxygen. ...Read More


Leadership

1) With Just 8 Short Words, Elon Musk Tweeted a Brutal Truth That Most People Don't Understand

There's probably no single person on the planet in a better position to understand this.
...Read More


2) Develop a “Probabilistic” Approach to Managing Uncertainty

When faced with uncertainty, how should leaders react? Should they make a big bet, hedge their position, or just wait and see? We naturally tend to see situations in one of two ways: either events are certain and can therefore be managed by planning, processes, and reliable budgets; or they are uncertain, and we cannot manage them well at all.
...Read More


3) What Sets Successful CEOs Apart

The four essential behaviors that help them win the top job and thrive once they get it.

At the top of the ladder, the stakes are high and the demands intense. Too many CEOs falter in the job; about a quarter of the Fortune 500 chiefs who leave their firms each year are forced out. Clearly, boards do not always get their hires right.

In conducting an analysis of in-depth assessments of 17,000 executives, the authors uncovered a large disconnect between what directors think makes for an ideal CEO and what actually leads to high performance. The findings of their 10-year research project challenge many widely held assumptions. Charisma, confidence, and pedigree all have little bearing on CEO success, it turns out. Instead, top performers demonstrate four specific business behaviors: (1) They're decisive, realizing they can't wait for perfect information and that a wrong decision is often better than no decision. (2) They engage for impact, working to understand the priorities of stakeholders and then aligning them around a goal of value creation. (3) They adapt proactively, keeping an eye on the long term and treating mistakes as learning opportunities. (4) They deliver results in a reliable fashion, steadily following through on commitments. ...Read More


4) Jeff Bezos and Elon Musk Define Success the Exact Same Way. Here It Is

In a heartfelt shareholder's letter -- his last as Amazon CEO -- Bezos offers advice that Musk would agree with. ...Read More


5) In His Final Shareholder Letter, Jeff Bezos Explains a Profoundly Simple Lesson Most Leaders Overlook

Bezos explains why your goal should be to 'create value,' and how to do exactly that.. ...Read More


6) Mission Impossible

Elon Musk is someone who dreams big. Traveling around the world anywhere in one hour, hyperloop underground travel, reusable rockets, those are some big ideas. Compared with those big ideas, Tesla feels like a child's play. The society needs someone who thinks big. ...Read More


7) This Is the Sign of a Great Thinker, According to Jeff Bezos and Adam Grant

Great thinkers don't just harbor doubt. They embrace uncertainty--and how little they really know. ...Read More


8) The Three Keys to Becoming a Leader Who Makes History

After decades studying the world's most effective leaders, Fawn Weaver relies on these truths while running the fastest-growing independent whiskey brand in U.S. history. ...Read More


9) What Leadership Needs in the Decade Ahead

It's impossible to predict the future, but I believe we can use pattern recognition to help anticipate a paradigm shift of leadership. You may be surprised to find that what are leadership buzzwords or widely accepted ways of doing business today most likely won't be in ten years from now. So, what will? How do you begin preparing for a shift in leadership with an eye toward the future? Looking ahead, what will business owners and entrepreneurs need to successfully navigate this next decade? ...Read More


10) Amazon's Leadership Principles

Without internet connection due to snowstorm Uri last weekend, I was able to take the opportunity finish reading the newly published book by Colin Bryar and Bill Carr, Working Backwards: Insights, Stories, and Secrets from Inside Amazon. The two veteran Amazonian detailed the Amazon growth story but more importantly about how leaders in Amazon including Jeff Bezos made business decisions based on their leadership principles. ...Read More


11) Leadership and Decision Making

Jeff Bezos just announced that he would step down as the CEO of Amazon. I thought I would share the letter from Jeff Bezos to Amazon employees when he made his announcement this week.

One thing strikes me the most about the letter is the list of 'inventions' Bezos mentioned in his letter. ...Read More


Edtech

1) BYJU’S, Unacademy grab ~76 pc of edtech funding in 2021; sector raises $1.9B since Jan

Edtech startups have secured $1.9 billion across 80 deals since January, with BYJU’S and Unacademy pocketing a whopping $1.44 billion. We look at the top trends emerging in this dynamic sector.

Edtech’s sensational rise in the pandemic is well-documented by now. Last year, online education startups in India raised a record $2.2 billion in funding, with the sector becoming the most funded by deal value for the first time.

The momentum has continued in 2021 too. Between January and August 3, edtech has been among the top three funded sectors in India , raising $1.9 billion across 80 deals, according to YourStory Research. ...Read More



● upGrad has acquired globally diversified edtech startup KnowledgeHut for an undisclosed sum. Post the acquisition, the Delaware-based startup will operate as a wholly-owned subsidiary of upGrad.

● WhiteHat Jr said it has signed up 500 schools across India, representing more than 1.25 lakh students who will learn coding via the "physical-digital blended model" next academic year.


Entrepreneurship

1) How to think like a creative genius

Steve Jobs didn’t invent the MP3 player or the cell phone. What he did do was find a way of beautifully combining the two to create the iPhone.

Many of today’s greatest innovations are the result of rethinking concepts that already existed. Just look at Starbucks: It took the Italian coffee bar experience and introduced it to Seattle, where nothing close to it existed. That’s because many of the most creative thinkers use the concept of reverse engineering--studying who or what has succeeded before, then working backward to eventually create something new. ...Read More


2) What’s So Special About Founders?

Americans have an obsession with business founders and what sets them apart. Is it vision, drive, or insight that helps them turn industries upside down and conjure billions of dollars? Is it how they run meetings or make decisions? Is it because they eat vegan, take cold showers, and meditate? Founders occupy a cultural space that combines celebrity, guru, futurist eccentric, and occasionally comic book villain.

And why not? Jeff Bezos changed both how we shop and how the internet operates. Elon Musk can cause a meme currency to skyrocket with a single tweet. Mark Zuckerberg can sway public discourse and elections. Bezos and Musk are in a literal space race! If you could figure out just what differentiates them from the rest of us, you could become—or at least invest in—the next superstar founder.

For exactly that reason, myths about founders are powerful. They act as a filter for who gets the capital to start companies and a model for those trying to replicate phenomenal success. But although many investors have honed the art of the judgment call, it turns out that popular notions of what a promising entrepreneur looks and acts like are often wrong. Those notions can have major consequences. ...Read More


3) Meet the 'Google of blockchain'

While working as a cancer researcher in the pharmaceutical industry, it took Ganesh Swami up to five years to get pharma products to the market. Looking at his peers building tech products faster, he shifted to the Big Data industry and realised that blockchain technology was gaining prominence.

"There was a need for middleware connecting the blockchain world to existing infrastructure. This inspired us to launch Covalent,” Ganesh says. ...Read More


4) With no funding, how a farmer's son built an IT services company with offices in India, US and Canada

Raj Darji, who comes from a family of agriculturists, started product engineering and IT consulting services firm Aarav Solutions in 2012. Here is how he took inspiration from the farmland and applied it to his entrepreneurial journey ...Read More


5) How two sons of a farmer built a seed-to-shelf organic products D2C brand clocking Rs 12 Cr turnover

Two Brothers Organic Farms was started by Ajinkya and Satyajit Hange who, despite securing high-paying jobs, felt drawn to their agricultural roots. Today, the company is selling products in 680 cities across the world.
...Read More


6) From US to India, 200+ Entrepreneurs Look Up To This Delhi Woman as Their 'Guru'

Arjita Sethi, a Delhi-based serial entrepreneur, cracked the Silicon Valley code with her edtech startup Equally in San Francisco. Today, she runs two other ventures, New Founder School and Indiarath, which helps startup founders find their way. ...Read More


7) Vita Coco Won the Coconut Water Wars, but an Old Rival Is Planning a New Battle

For almost a decade, Mike Rampolla was out of the game.

In 2004, Rampolla founded coconut water brand Zico, launching one of the more underrated business rivalries of the decade against Michael Kirban's coconut water brand, Vita Coco. Both companies launched in the same year, in New York City, and quickly began knocking off each other's strategies. The two brands--and founders--found themselves constantly going toe to toe, eventually becoming the top two companies in a U.S. market now worth $1.2 billion.

After nine years, Rampolla fulfilled a dream he'd held since the very beginning by selling his company to beverage giant Coca-Cola. Then, two things happened. First, Zico's sales slid under Coke's ownership for years until last October when word finally leaked that the company planned to discontinue the coconut water brand. And second, oddly enough, shortly after the sale went public, Kirban and Rampolla became real-life friends.

It's a new development in an old rivalry reignited: On New Year's Eve, Rampolla closed a deal to re-purchase Zico from Coke and re-engage in the coconut water business. Read our story to learn how Rampolla's return could mark the greatest challenge of both entrepreneurs' careers. ...Read More


8) 11 Lessons for Entrepreneurs From Jeff Bezos's Tremendous Success

As the Amazon founder exits the CEO role, he leaves his successor a set of rules that might be helpful to any entrepreneur bent on conquering the known universe. ...Read More


Management Development

1) People have realised that upskilling is their responsibility, not their employer’s: Aditya Malik, CEO, TalentEdge

While job loss is one of the adverse impacts some have to endure with the advent of robust digitalisation, many opportunities are resting in the current industry trends.

About 90% learners who take upskilling courses at TalentEdge pay from their own pocket, and are not sponsored by their employers. “People have realised that their upskilling is their own responsibility,” says Aditya Malik, CEO & MD, TalentEdge (an edtech company that provides upskilling courses primarily to working professionals). In an interview with FE’s Vikram Chaudhary, he adds that as the penetration of the internet is increasing in rural India, so is the interest in online learning, and edtech companies must now start providing courses in vernacular languages. ...Read More


2) 9 Trends That Will Shape Work in 2021 and Beyond

While 2020 was the most volatile year in modern history, it would be a mistake to think that we're in for smoother sailing this year. In fact, as we move into 2021 and beyond, the rate of disruption will potentially accelerate as the implications from 2020 play out across the next several years. Here are nine predictions from the chief of research for Gartner's HR practice. ...Read More


3) If You Think Downsizing Might Save Your Company, Think Again

Firms often downsize because it is seen as a way to reduce costs, adjust structures, and create leaner, more efficient workplaces. But new research indicates that downsizing may actually increase the likelihood of bankruptcy. The research team examined 2010 data from 4,710 publicly traded firms and determined whether they declared bankruptcy in the subsequent 5-year period. After controlling for known potential drivers of both downsizing and bankruptcy, as well as numerous other factors, they found that downsizing firms were twice as likely to declare bankruptcy as firms that did not downsize. ...Read More


4) Warren Buffett: People Who Ignore These 13 Words of Advice Will Probably Make Bad Decisions

Recently, I came across a short quote from one of Warren Buffett's old shareholder letters, as part of the process of updating my free e-book Warren Buffett Predicts the Future ...Read More


5) Crowdfunding: Be a part of India's fast-emerging powerful form of social investing

In 1885, when the Statue of Liberty was shipped from France to America in pieces, the US was unable to raise funds for its pedestal. But thanks to a newspaper campaign and small donations by 160,000 donors, the base was finally built - through one of the country's first major 'crowdfunding' projects, albeit the fancy term didn't exist then. Modern crowdfunding, interestingly, is often traced to an internet campaign in 1996-97 by British Rock band Marillion. The band's fans raised $60,000 to sponsor their US tour. The success of the campaign laid the foundation for platforms like Indiegogo and Kickstarter in the US. ...Read More


Books

1) 5 Books That Made the Biggest Impact on My Business

Here are my top recommendations for what any entrepreneur should read next.

As much as I love watching shows, movies, and documentaries, reading a book is a very different experience. It forces you to slow down and reflect on things in a way that is a bit harder when you are more passively watching (or listening) to a story. Especially if you're an entrepreneur, you don't get very many moments to slow down--so reading encourages you to take that time for yourself. ...Read More


2) The 3 Best Books Bill Gates Has Read Lately

Bill Gates just can't stop recommending books. Several times a year the Microsoft founder-turned-philanthropist takes to his blog to share his favorite recent reads, but even when he's supposedly promoting his own book, Gates just keeps plumping for other authors. ...Read More


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