We all, at certain point of time, have attended highly over hyped “Leadership” trainings. Why over hyped? Cause most of these trainings do not add any value. Yes they obviously help people to learn some jargons and managerial talks but that is far from what leadership is. Wake up corporate. Instead of wasting money on these irrelevant redundant courses, build some processes to incubate leaders. This is one of the major criteria which immediately distinguish a great company from the rest. I have seen multi nationals who truly believe in grooming leaders and then there are the rest who chooses to show on paper how they care about their employees but when it comes to action or implementation, it’s simply not there.
Continue Reading →Consulting is one of the most challenging yet highly rewarding professions. Effective consultants show a number of definitive traits which are not only necessary to achieve success in this field but also are identified as the key differentiating factors which allows them to stand apart from the rest. I would like to go ahead and define consultants as really smart bunch of people with structured focus; the focus is towards clients’ satisfaction. Success of consultants is a direct function of their clients’ success. An effective consultant should always be outward focused. Understanding clients’ needs accurately and delivering the right results are the bottom line of this field. Working hard alone doesn’t make anybody an effective consultant; it’s a delicate balance between diligence and intelligence. Bottom line: Work smart.
Continue Reading →Business plans are decision-making tools. There is no fixed content for a business plan. Rather the content and format of the business plan is determined by the goals and audience. A business plan should contain whatever information is needed to decide whether or not to pursue a goal.
Continue Reading →This might look apparently as a redundant article to “Usage of a Business Plan” but these two are different. This is mainly from your perspective, why you need a business plan. If someone assumes that a business plan is a management gimmick or a waste of time, they cannot be any farther from the truth. Business plan gives you the direction, the plan and many other vital decision making points discussed below.
Continue Reading →A business plan is a formal document which is best if follows a definitive structure. Although there is no hard and fast rules of following a specific structure but it always helps to get the information organized. Moreover the audience of your business plan is primarily a seasoned professional and would expect to see a definitive format. I personally take the conservative path of following a tried and tested structure which has worked in many scenarios.
Continue Reading →There are many important reasons for drawing up a business plan. Some of the most significant are the following:
* Getting an integrated view of your business
* Mutual understanding within the management team
* Determining financial needs and applying for funds
* Approval from board of directors/shareholders
* Recruiting
* Deriving objectives for employees
* Informing employees
* Informing lenders
* Informing partners
A business plan is a comprehensive, written description of the business of an enterprise. It is a detailed report on a company’s products or services, production techniques, markets and clients, marketing strategy, human resources, organization, requirements in respect of infrastructure and supplies, financing requirements, and sources and uses of funds. The business plan describes the past and present status [...]
Continue Reading →A business plan is a formal statement of a set of business goals, the reasons why they are believed attainable, and the plan for reaching those goals. It may also contain background information about the organization or team attempting to reach those goals.
Continue Reading →Analytics is the study of business data using statistical analysis in order to discover and understand historical patterns with an eye to predicting and improving business performance in the future. Some people use the term “Analytics” to denote the use of mathematics in business. This field includes the use of Operations [...]
Continue Reading →Check out this book, recently out in the market. Written by one of my professors, Prof. Dwarika Prasad Uniyal who taught me the “A, B, C and Ds” i.e 5 C’s and 4 P’s of marketing. Wish you guys could have attended his amazingly interesting and amusingly hilarious [...]
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