Entrepreneur Nation

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I remember my first visit to Taipei in late 90's. A prosperous capital city of a small island country.

As a visitor from India, I was awestruck by the well functioning city, beautiful people and all round prosperity. I later visited other parts of Taiwan and even in smaller towns & cities, the trend was pleasantly replicated.

I was really surprised as to how a small island nation, with little or, no natural resources could afford to become such a success.

And why, we in India cannot?

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Turn Problems into Opportunities

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Once upon a time, there was a farmer and he had a donkey. On an unfortunate day, while going to the fields, the donkey fell into a well. It cried frantically to be rescued.

The former thought the donkey is old & useless. In any case, the well was not being used and he had been planning to shut it by filling it with earth.

"Let me fill up the well and this will also alleviate the suffering of the poor animal", he thought and tried to justify this course of action.

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An inspiring story – College dropout, Millionaire at 22

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An inspiring story

In an age of negative news showering on us continuously, sometimes we take our eyes off the great inspiring stories happening around us. This inspiring story, amongst many, delights us like the first shower of monsoon.

A few years ago, he used to sell SIM cards in a small town in Odisha. Today, one of the world’s biggest investors, Masayoshi Son of Softbank, wants to partner with him to help OYO Rooms with its foray into China. It makes an interesting reading.

Source: Boy from Naxal area scripts incredible story – The Economic Times

Get inspired

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Guerrilla Gardening

Guerrilla Gardening

Earth’s eco system is under stress throughout our planet. Three important points:

  • Earth is the only planet we have for living.
  • We are instrumental in putting our eco-system under strain.
  • We are the only hope to set it right.

This story keeps our hope alive & inspires us to do whatever we can in our own spheres to correct what we have spoiled.

The idea of creating new ecosystems around native trees sparked an interest in Malad-based businessman Vikas Mahajan several years ago.

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Shop floor Leadership Programme (SLP)

First line supervision is a critical link for ensuring efficient business operations.

It is at this level that targets, method improvements & cost improvements are implemented. Unfortunately building capabilities at this crucial level is often lost sight of or, ignored. This in turn creates weak links that act as obstacles to daily target achievement and improvement initiatives. Shop floor Leadership Programme (SLP) aims at building leadership skills for shop floor leaders at operating & middle level.

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What is Cost of Quality?

A young engineer raised one question in the departmental quality meeting.

“We have high number of rejections at one of our assembly processes. These are easily detected & segregated. We also know the countermeasure for effective removal of the defect. But the cost of countermeasure can only be recovered over five years. Should we implement the countermeasure or, continue with the segregation?”

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What is Departmental Purpose Analysis?

DPA

One of the most important aspects of business is customer orientation. That is why it is also the foundation of TQM implementation in an organisation.

The focus on internal customer supplier relationship drives the efficiency in multi-disciplinary processes.

In line operations customer supplier relationships are fairly visible. However, in case of service or, support functions it is not so straightforward.

Thus comes the necessity of using a method to understand, analyse and manage these interactions. Departmental Purpose Analysis (DPA) is such a tool.

Used correctly, DPA can throw up amazing benefits for your organisation.

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learn to learn

learn-to-learn

We have so much to learn throughout our lives, whether it be preparing for a test in school, training for a new job, working on a new project or, planning for a career growth. In today’s fast paced life, time often comes at a premium and being able to efficiently learn new information and gaining knowledge is an important factor to get ahead in life.

Following learning ideas may help get you more out of your learning efforts.

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Engineering student’s dilemma

Abhimanyu in Chkravyuh – 5 Gaps

The business environment in India is changing. The changed environment requires varied skills & attitudes from new entrants to industry. Every engineering student’s dilemma is like Abhimanu in Chakravuh.

Every industry craves for prospective job seekers to have (in addition to the subject knowledge) a fair idea of the challenges faced by an industry and the way modern manufacturing practices like Lean, TQM etc address these challenges.

Young engineers coming out of academics & aspiring to join the industry are at a disadvantage with respect to knowledge of modern work practices. This is every engineering student’s dilemma.

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