Thursday, June 17, 2010

Managing Oneself

The Idea in Brief

We live in an age of unprecedented opportunity: If you’ve got ambition, drive, and smarts, you can rise to the top of your chosen profession—regardless of where you started out. But with opportunity comes responsibility. Companies today aren’t managing their knowledge workers’ careers. Rather, we must each be our own chief executive officer.

Simply put, it’s up to you to carve out your place in the work world and know when to change course. And it’s up to you to keep yourself engaged and productive during a work life that may span some 50 years.

To do all of these things well, you’ll need to cultivate a deep understanding of yourself. What are your most valuable strengths and most dangerous weaknesses? Equally important, how do you learn and work with others? What are your most deeply held values? And in what type of work environment can you make the greatest contribution?

The implication is clear: Only when you operate from a combination of your strengths and self-knowledge can you achieve true—and lasting—excellence.

The Idea in Practice

To build a life of excellence, begin by asking yourself these questions:

“What Are My Strengths?”

To accurately identify your strengths, use feedback analysis. Every time you make a key decision, write down the outcome you expect. Several months later, compare the actual results with your expected results. Look for patterns in what you’re seeing: What results are you skilled at generating? What abilities do you need to enhance in order to get the results you want? What unproductive habits are preventing you from creating the outcomes you desire? In identifying opportunities for improvement, don’t waste time cultivating skill areas where you have little competence. Instead, concentrate on—and build on—your strengths.

“How Do I Work?”

In what ways do you work best? Do you process information most effectively by reading it, or by hearing others discuss it? Do you accomplish the most by working with other people, or by working alone? Do you perform best while making decisions, or while advising others on key matters? Are you in top form when things get stressful, or do you function optimally in a highly predictable environment?

“What Are My Values?”

What are your ethics? What do you see as your most important responsibilities for living a worthy, ethical life? Do your organization’s ethics resonate with your own values? If not, your career will likely be marked by frustration and poor performance.

“Where Do I Belong?”

Consider your strengths, preferred work style, and values. Based on these qualities, in what kind of work environment would you fit in best? Find the perfect fit, and you’ll transform yourself from a merely acceptable employee into a star performer.

“What Can I Contribute?”

In earlier eras, companies told businesspeople what their contribution should be. Today, you have choices. To decide how you can best enhance your organization’s performance, first ask what the situation requires. Based on your strengths, work style, and values, how might you make the greatest contribution to your organization’s efforts?

- Anirudh Kaul

MBA - Need of an hour..really ??

Every year, I see an army of young hopefuls who want to become an MBA and ‘lead the business world’. Every year, I see the same ads in the paper with colleges luring students with false promises, claims and just leaving tonnes of broken hearts and battered egos at the end of two years.

I was at the induction ceremony for the batch of 2009, and even caught up with a few. Some wanted to become Investment Bankers, some wanted to become Brand Managers and I couldn’t help but snicker way to glory.

Welcome to the real world, bakra of the highest order. Be prepared for the following:

MBA won’t get you the job you thought would be cool since you read it in some business magazine you were told you read while at IMS.

Jobs after an MBA are not glamorous, they will make you sweat, bleed and trample you the moment they find you weak and restless.

The college would claim that the faculty is from IIMs, foreign universities. IIMs should be read as Indrani Institute of Management, International Institute of Management etc. and foreign universities assumed to be Kathmandu University, Karachi School of Business etc.

The world class infrastructure would be shared with other schools in the vicinity and maybe even let out to other parties when you need it the most.

You will learn nothing new in MBA.The only reason IT companies will hire you is because they can bill their clients at a higher rate.

The only reason why companies will pay you ridiculous large amounts of money is because they will leech the life out of you, leaving you maimed to never start your own venture to compete with them in the future.

You will realize that though you blame and poke at the teachers for being so full of gas, you are not any different.

People won’t listen to you, since you cannot phaff with experience.MBA is a lot about travel, but not to exotic locations or that you will become a jet setter.

You will travel by non AC buses to Dhampur, Hospet, Salem, Mohol and other places where village girls will seem like super models.

If you want to do an MBA to earn more money, it’s the worst reason you can give yourself and to people around you.

You stand better chances working your ass off doing what you are doing, or just job hopping.

If you have a chance, DON’T do an MBA. Utilize the two years starting something of your own, before someone else does it.

Two years is a lot of time and time is precious.

Still think MBA is right for you or MBA is the right thing to do?

- A.