Saturday, January 5, 2019

I'M HAVING TROUBLE FINDING GOOD EMPLOYEES. By Tony Robbins

I'M HAVING TROUBLE FINDING GOOD EMPLOYEES.
HOW DO I BUILD THE BEST TEAM?
What you will get from this article:
Tony’s proven method on how to build an effective business team
Discover the 3 business identities: Artist, Manager and Entrepreneur
Identify which business identity you relate to most
Become a better leader by learning how to cope with stress
Finding good employees and building a business team can be some of the most challenging parts of running a company. Having trouble figuring out the best way to build the effective business teams you really need? Trying to maximize your human resources but keep hitting a wall?
Understanding your business identity is the first step to finding good employees and unlocking your company’s true potential. Here we’ll cover the three basic business identities: Artist/Producer, Manager/Leader and Entrepreneur.
Spoiler alert: Creating effective business teams means you always need a mix of business identity types, not only people who think just like you. Think of it this way: Each identity type brings with it its own perspective and set of incredible strengths. After reading this article, you’ll be able to figure out your own business identity and also learn more about how you enable employees with different business identities toachieve success while working collaboratively, no matter your field or project type.
BUSINESS IDENTITY #1: ARTIST
An Artist is a skilled producer or creator. Maybe it’s someone who loves creating products or services, or someone who brings a creative approach to practicing a skill like negotiation or sales. Artists can be everything from fashion designers to basketball stars, painters to software developers. They take ideas and turn them into reality. Artists do what they do because they’re deeply passionate about it.
The baseline? They create. Even if they weren’t paid, they’d still find a way to flex their creative muscles. They aren’t driven by money, power or status, but by the act of bringing something new into the world.
An Artist’s mantra: “I love to create and add value.”
 
BUSINESS IDENTITY #2: MANAGER
 
A Manager finds fulfillment in overseeing people and processes. They love to create systems and monitor the day-to-day operations of the business, whether it’s helping with project management or forging interpersonal pathways. Not only do they thrive on the challenge of making operations more efficient and effective, they also have an intuitive power of knowing who will thrive and who will fail in any given situation. A Manager keeps a team running smoothly, even in high-pressure scenarios. They’re great at finding good employees and making them even better. And special note: A true Manager is very rare. These Managers can meet the needs of Artists so they are able to produce effectively, but they also understand how to leverage the visions of other business identities, like Entrepreneurs, even while mitigating potential risks.
The baseline? Managers make and improve systems. Their abilities to overseeing people and processes require honed leadership skills. The best managers inspire others to hone their management and leadership skills, too. They may not be in the spotlight, but they keep everything going.
A Manager’s mantra: “I love to figure out ways to maximize the process and the people.”
BUSINESS IDENTITY #3: ENTREPRENEUR
Let’s be clear: Starting a business does not an entrepreneur make. There is a big difference between being an entrepreneur and being entrepreneurial. True entrepreneurs are not made, but born.
Entrepreneurs are all about taking risks; they thrive on living on the edge, even when they could lose it all. And when they fail, they don’t give up – they take stock and try again! Entrepreneurs create visions. Constantly. They know that they don’t need to be present at every moment to oversee their business’ growth; the best businesses will continue unsupervised, finding good employees and dependably producing, while the entrepreneur is off working toward their next vision.
The baseline? Entrepreneurs embrace risk and know that loss is just part of the game. Their vision is to build, scale and sell companies in ways that often accrue enormous wealth over time. And not just once – over and over and over.
An Entrepreneur’s mantra: “I live for risk and I create value.”
 
YOUR TRUE NATURE AND REACTION TO STRESS
One way to understand someone’s true nature, and ultimately their business identity, is to see how they react under stress. Entrepreneurs will take bigger risks, try to make more money and do something more as a means to find a solution. Managers will attempt to even better manage the resources they have at hand. Artists try to create a better product or service and then run with that, even if they’d be better off letting it go.
Which of these reactions to stress sounds the most familiar to you? What do you see happening in your company’s leadership? By understanding the nature of those you work with or for, you’ll be able to better speak in a way they understand when times get tough.
FINDING GOOD EMPLOYEES: MAKE THE RIGHT MIX, REAP THE REWARDS
It’s likely if your business is not growing, the problems can be directly linked to the psychology and skills of the owner or leader. If the owner is:
An Artist: They’re likely to love their product or service so much, they’ll get too attached. They also might try to over-manage, even though that’s not their skill.
A Manager: They’re likely to already run the organization really well. But without the right Artists, it’s going to be hard if the product or service isn’t extraordinary to make the business truly effective.
An Entrepreneur: They’re likely to go looking for the next best thing. Many entrepreneurs create one business, and before that business is even slightly mature, they go on to create another, and another and another.
Finding good employees isn’t a matter of chance. The trick to creating solid, effective business teams is to recognize and appreciate what each of these business identities has to offer. By making sure your job is best suited to your nature instead of fighting against it, you’ll be best situated to make maximum impact.

Source :https://www.tonyrobbins.com/ask-tony/build-the-best-team/?utm_source=linkedin&utm_medium=social&utm_campaign=Editorial&utm_content=build-the-best-team

Sunday, April 2, 2017

Maruti Suzuki suffers as govt withdraws subsidy to mild hybrids vehicles


The government has withdrawn incentives given to mild hybrid vehicles under FAME India scheme, impacting the country's largest carmaker Maruti Suzuki India the most.

The company's popular models, multi-utility vehicle Ertiga and mid-sized sedan Ciaz with mild hybrid technology had benefited from the scheme that was launched in April 2015 to popularise the use of electric vehicles in the country.

Friday, December 30, 2016

India's Best CEOs 2016

India's Best CEOs 2016

Anil Kumar Jain: Executive Chairman, Indo Count Industries Best CEO: Textile and Apparel

Almost 49 per cent of the bed linen of the $4.5-billion retail bed linen market in the US is imported from India. Out of that, 17 per cent of the bed linen are manufactured by Indo Count, claims Jain.
C.P. Gurnani: CEO & MD, Tech Mahindra Best CEO: IT & ITes

Gurnani has built a collaborative family culture. Gurnani knows the names of his leadership's family members and remembers every anecdote relating to their children.
H.M. Bharuka: MD, Kansai Nerolac Paints (KNPL) Best CEO: Chemicals

Bharuka went about overhauling the product range to give the new generation what it wanted, and invested heavily in the more profitable decorative paints segments.


Irfan Razack: Chairman & MD, Prestige Estate Projects Best CEO: Real estate and Construction

Irfan Razack and his brothers parlayed a small-time haberdashery in Bangalore to become one of India's largest real estate companies.

Kenichi Ayukawa: CEO & Managing Director, Maruti Suzuki BEST CEO: Large Companies

Since Kenichi Ayukawa took over, there have been a series of successful launches of new models, having bagged enough orders to be considered 'sold out' for this financial year.

Nishi Vasudeva: CEO, HPCL BEST CEO: Super large Companies & BEST CEO: Oil & Gas

Nishi Vasudeva's ability to steer the public sector oil company through periods of uncertainty and make hay of the positive developments helped the company reap the benefits over the long term.

O.P. Puranmalka: Retired Managing Director, UltraTech Cement Best CEO: Cement

The company increased capacity through acquisitions, a month before his retirement.

Punit Goenka: MD & CEO, Zee Entertainment BEST CEO: Media & Entertainment

Punit Goenka, the 42-year-old MD & CEO, has an insatiable appetite for big bets, just like his father Subhash Chandra, Chairman, Essel Group, the holding company of Zee Entertainment.

Ramesh Kumar Dua: MD, Relaxo Best CEO: Consumer Goods

Relaxo has emerged as one of the largest manufacturers of footwear in the country, with a production capacity of more than 600,000 pairs a day, across its eight factories.


R.D. Shroff: Chairman & MD, UPL BEST CEO: Agriculture & Allied

Shroff's interest in chemistry blossomed at the shed. He founded a chemical company, UPL, in 1969 in Vapi with a mere Rs 4 lakh and 20-26 employees to produce red phosphorus, which was used for making match box.


Romesh Sobti:  Managing Director & CEO, IndusInd Bank Best CEO: BSFI

Choice Money is one of the several unique services that IndusInd Bank is known for.


Samir Mehta: Executive Chairman, Torrent Pharmaceuticals Best CEO: Pharma Sector

Torrent Pharmaceuticals was a late entrant to US in 2008, but Samir Mehta has led it to fast paced growth in that sector.




Sunil Duggal: CEO, Dabur Best CEO: FMCG

Duggal took up the challenge when Dabur was going through one of its worst years. Sales had declined and the company, for the first time, reported a dip in profits.

Shobhana Ramachandhran: Managing Director, TVS Srichakra BEST CEO: Auto Ancillaries

In spite of recent turbulence in the market post-demonetisation, shares of TVS Srichakra have risen more than 1,000 per cent in the past three years compared to a mere 25 per cent rise in the BSE Sensex

Siddhartha Lal: MD & CEO, Eicher Motors BEST CEO: Small Companies & BEST CEO: Automobiles

Siddhartha Lal generated enormous wealth for his investors - each share clocked Rs 26,601.95 at its peak on 29 September, from a mere Rs 17.50 when he took over in 2001

Sudhir Mehta: CEO, Torrent Power Best CEO: Power

Torrent Power generates 3400 MW- a mix of coal, gas and renewable energy and distributes power to more than three million customers to Ahmedabad, Gandhinagar, Surat, Bhiwandi, Agra and Dahej SEZ distribution circles.


Sunil Mittal: Chairman, Bharti Airtel Best CEO: Telecom

Nearly 40 years after starting his entrepreneurial journey, Sunil Bharti Mittal,Chairman of the $14.3-billion Bharti Airtel, is standing at the crossroads.

Venu Srinivasan: CEO, TVS Motors Champion of champions and Best CEO: Mid-sized Companies

Venu Srinivasan, obsessed with quality, steered a revolution by emphasising total quality management. TVSMC won the Deming Prize, considered the Nobel Prize in quality, in 2002.

Gautam Adani: Chairman, Adani Ports and SEZ Best CEO: Transportation and Logistics

Starting with the takeover of a single jetty at Mundra, in Gujarat, in 1994, APSEZ now operates 14 terminals across 10 ports in six Indian states with a capacity of 11 million TEU. Mundra is the largest with 2.77 million TEU.







Business leaders in Asia believe that a new data culture is needed for successful digital transformation

Business leaders in Asia believe that a new data culture is needed for successful digital transformation

Based on Microsoft’s Asia Data Culture Study 2016, less than half of business leaders believe they have a full digital strategy in place today and even more needs to be done to develop a data culture
Asia Pacific, 10 May 2016 – Microsoft Asia today unveiled findings from its first ever Asia Data Culture Study 2016, which showed that while 88% of business leaders polled in Asia agreed that it is important for their organizations to have an agile business that is data-driven, less than half of them (43%) believe they have a full digital strategy in place. Business leaders also identified gaps in their organizations’ ability to drive data driven decision making.
The study[1] polled 940 business leaders from medium to large companies in 13 markets in Asia. Respondents were surveyed on their organizations’ digital and data strategy, and readiness for the digital economy.
Andreas Hartl, General Manager, Cloud and Enterprise Division, Microsoft Asia Pacific said, “The confluence of cloud, mobility and data is changing the way companies do business with their customers. This is resulting in new demands that make it necessary for every business to transform to a digital and data-driven business.”
“In today’s mobile-first, cloud-first world, technology is interwoven into every aspect of our personal lives, forcing all businesses to be a digital business. As data is the electricity of the new economy, businesses need to turn data into actionable insights and predict the future as a way to get ahead of the trends and develop new revenue streams. Faced with economic uncertainties and disruptive competitors, analytics and predictive data is what organizations need to survive. With the right tools, insights can come from anyone, anywhere, at any time. When that happens, organizations develop what we describe as a ‘data culture’,” added Hartl.
The New Data Culture in Asia’s Organizations
The New Data Culture involves three organizational traits:
  1. Infrastructure for Data Agility: Data platforms need to be interoperable with multiple data sources to collect information from any device, share it and present it in a meaningful way. There is a left to right view of the business enabling better decision making real time. Intelligence is built in to develop predictions from data.
  2. Data Governance for Collaboration: There is C-Level ownership of the data strategy where access to data is democratized and governed by policies to protect information while empowering employees to collaborate seamlessly.
  3. An Analytical Workforce: The ability to access and analyse data is held by a select few, for example, data scientists or statisticians. For a new data culture to happen, talents across the board need to have the ability to ask the right questions, analyse data and drive actionable insights.

Read more at https://news.microsoft.com/apac/2016/05/10/business-leaders-in-asia-believe-that-a-new-data-culture-is-needed-for-successful-digital-transformation/#GG2C807lbtmWGAAI.99

Saturday, December 24, 2016

Something about business insurance

Business Insurance 

Business Insurance is the authoritative news and information source for executives concerned about risk and the impact on their business. With information for risk managers, insurers, brokers and other providers of insurance products and services, Business Insurance delivers in-depth analysis on new and emerging risks, case studies of successful programs, market intelligence on trends, and guidance on how to capitalize on opportunities and overcome challenges. Business Insurance covers core risk management and insurance areas such as property/casualty insurance, captive insurance and other alternative risk transfer vehicles, and enterprise risk management.

Gain Some Knowledge about Business Insurance on Banking sites &
http://www.businessinsurance.com/

Gain some knowledge  related to business

https://www.sba.gov

Friday, December 16, 2016

The gold rush: How Rajesh Mehta's out of the box ideas helped him build his jewellery empire

Rajesh Mehta

Rajesh Mehta, founder and executive chairman of Rajesh Exports Ltd, wanted to become a doctor till he realised that the jewellery business was his calling

What was to be a 30-minute meeting with Rajesh Mehta, founder and executive chairman of Rajesh Exports Ltd, went on for 180 minutes. While the 52-year-old had much to talk about where his India-listed company is concerned—it exported almost 130 tonnes of gold last fiscal and refines nearly 35 percent of the total gold mined in the world—he was equally inundated with phone calls and impromptu meetings with company executives and clients.

Mehta’s small corner office, on the first floor of Batavia Chambers on Kumara Krupa Road in Bengaluru, near the official residence of Karnataka’s chief minister, is dimly lit. His large and heavy worktable occupies most of the space. On one side of the table top are numerous statues of Lord Ganesha, worshipped as the remover of obstacles and also considered the god of intellect and wisdom. There are more than 300 Ganesha idols, clarifies Mehta; some are made from silver, gold and ivory, while others are studded with rubies and opals. “We [my family] are Jains, and we believe in Ganesha. He is an auspicious god,” says Mehta.

Six minutes into our meeting, Mehta excuses himself and picks up one of his four mobile phones. Only one of these is a smartphone (an iPhone 4 series from 2010-11), while the rest are mid-priced feature phones. His conversation is in Gujarati. Minutes later, he answers another call, on another phone, where he breaks into fluent Kannada. Mehta claims to be conversant in four other Indian languages as well.

For More :http://www.forbesindia.com/article/india-rich-list-2016/the-gold-rush-how-rajesh-mehtas-out-of-the-box-ideas-helped-him-build-his-jewellery-empire/45105/1

Tuesday, December 13, 2016

Ratan Tata hailed as saviour of UK steel industry

Tata Group announced a 10-year commitment of one billion pounds investement to save thousands of jobs for its embattled steelworks in the country last week.


London, Dec 11: Tata Sons interim chairman Ratan Tata was today hailed as the saviour of the UK steel industry after the Tata Group announced a 10-year commitment of one billion pounds investement to save thousands of jobs for its embattled steelworks in the country last week. In a special feature titled ‘Man of Steel’, the Sunday Times attributes the thousands of jobs saved in the industry largely to the sacking of Cyrus Mistry and Ratan Tata stepping in as interim chairman.
“Last week’s abrupt change of heart owes much to a terse board meeting in Mumbai on October 24. At that meeting the board of Tata Sons, the parent company that sits astride an empire spanning steel to tea, sacked its chairman Cyrus Mistry and reinstated his predecessor Ratan Tata,” the report said. Describing Ratan Tata as the “architect” of the 6.1-billion-pound acquisition of Corus in 2007, it quotes insiders as saying that the 78-year-old tycoon was never comfortable with the idea of abandoning Tata Steel’s Welsh plant at Port Talbot the UK’s largest steelworks.
“Now he is back at the helm, Port Talbot has won a reprieve,” it notes. Tata is said to have been painfully aware that the closure of Port Talbot would devastate the town already marred by poverty. “As the head of the (Tata company) charity, Ratan is not like that. You don’t want to get rid of vast chunks of people and create mass unemployment. Ratan was quite upset at the way he (Mistry) was dealing with Tata Steel. There were all these whispers that he (Ratan) did the wrong thing in buying Corus,” the newspaper quotes an insider as saying.
Nearly 11,000 British workers at Tata Steel have been rejoicing after the company has indicated that it would not take any dividends from its British plants until their profit tops 200 million pounds a year. The company made the pledge last week as part of a plan that will keep the Port Talbot site in south Wales open until at least 2021. It promised no job cuts for five years and to pump 1 billion pounds into its UK plants over 10 years.
Tata said in a statement, “The immediate target of 200 million pounds provides sufficient funds to invest in the business and to manage working capital needs. However, beyond this level the business will balance the needs of all its stakeholders, including the financing of dividends”. In return, workers must accept the closure of the British Steel Pension Scheme to future accruals.