I seem to be loving this medium and talking to you on leadership lessons from life. What is your feedback on this? I would like to hear from you.
Please hear, subscribe and give me your feedback.
I seem to be loving this medium and talking to you on leadership lessons from life. What is your feedback on this? I would like to hear from you.
Please hear, subscribe and give me your feedback.
Leadership differs from management in a very fundamental way. Management doesn’t have to involve inspiring or motivating others. Situational leadership is a specific style of leadership, where your leadership style is dependent on the situation. You could be leading b either delegating, supporting, coaching o directing depending on the team and complexity of the task. Which essentially makes you practice one or more of the 4 popular leadership styles. The image here is self-explanatory.
Leadership programs are appropriate for supervisors, managers, entrepreneurs and company executives. A leadership development program can help the company leaders in receiving new capabilities. This is a good 10-minute video on Hershey Blanchard situational leadership that you must watch
Now that you’ve understood, it’s vital that you take one of the critical projects that you are heading and see what amongst these leadership team would require at this point in the current situation.
Leadership is more than only a word, it’s the action of leading. It can also cause a company’s demise. Situational leadership or the one size doesn’t fit all method is all about adapting your style to the particular circumstance.
“Knowing all that I know about this team and this project, what is the leadership that is required to help the project move to the next level, project right now?
Leaders help ordinary folks achieve extraordinary outcomes. They should be sent to various countries and allowed to learn that way. Superior leaders identify great talent, give them direction, then escape the manner.
Leaders will need to function as a catalyst for change. Thus, a situational leader should have the needed aptitude in order to adjust their actions in order that they may fit with the present situation as a way to assist and meet the requirements of the faculty. Today, the leader with one principal leadership style can’t survive.
In my article in 2016, I had written “Turn Entrepreneur in 2016 (8 Reasons)”. 2 years later, I revisit those reasons and see if it is still valid and see what has changed?
Despite all the uncertainties in the global markets, entrepreneurship continues to be much sought after even in 2019. And it is not without a reason. Globally, the U.S Venture Capitalist Investments are on the steady rise from 2009(US$ 20+ billion) to over $100 billion by the end- 2018. Investments into India alone have tripled from just over US$ $4b in 2015 has grown to a massive 12.65 billion in 2018, a record of sorts.
However, on further analysis, you will note that late stage start-ups with a proven record of success took the lion’s share of funding raised, even as the industry welcomed new ‘unicorns. What this means is that if you get to have success at every stage of your start-up, money is not a big issue for scaling.
Entrepreneurs are no longer just folks starting out of a garage. You will find that the new age entrepreneurs are well educated, are either freshers or those with experience of working in the industry, have a few skill, capabilities, and competencies up their sleeve. And they are aware of that too. You will find that they come with a passion of Garage Entrepreneurs and have ring-fenced that passion with a lot more practicality in combining strengths. They will usually partner with like-minded co-founders who fill the gap their own skill gaps required for business. This age of entrepreneurs has their feet firmly on the ground in understanding the real problem that they are trying to solve. Yet are dreamers with their own idols like Elon Musk or Sachin Bansal or a Jack Ma.
I said this in 2016, and this holds truer in 2019 than before. The age of lifelong employment is dead – and buried. With the security of lifelong employment and associated pensions gone, more people are looking to get into the driver’s seat and take control of their destiny. They may not be quitting their day-jobs to start off but are cranking their start-ups with the luxury of income from the day jobs funding their passion in part or in full. If you are contemplating, don’t spend the rest of your life contemplating, no do you need to take that leap by quitting the day job when you will face revenue pressures to even sustain yourself. You can well do both, by spending a few more hours on weekdays and dedicate weekends to get the start-up off ground. Once you are confident of taking of jettisoning the mother-ship you can.
I said this in 2016, and this holds truer in 2019 than before. The age of lifelong employment is dead – and buried. With the security of lifelong employment and associated pensions gone, more people are looking to get into the driver’s seat and take control of their destiny. They may not be quitting their day-jobs yet, but are cranking their start-ups with the comfort of regular income from the day job, that funds their passion in part or in full. If you are contemplating, don’t spend the rest of your life contemplating. Nor should you that day job, when you now that will face income pressures to sustain yourself.
A blended approach could be that you can do both, by spending a few more hours on weekdays and dedicate weekends to get the start-up off ground. Once you are confident of taking off, jettison that mother-ship and raise your sails to the headwind.
Student unemployment combined with gross unemployment and underemployment seems to be the first ‘triggers,’ though not necessarily the reason for success of many entrepreneurs. The education industry is churning out graduates and postgraduates at alarming rates and the number of big corporations that can absorb such talent is far too less. Education has become expensive, with student loans mounting, yet with no assurance of campus placement, entrepreneurship seems to be the only recourse if you have that fire in the belly.
Since supply far outstrips demand, it is logical that more students are seeking out entrepreneurial experiences with self-funding from friends and family to start with – many with aspirations to build the next Facebook, Uber, or Tesla. The others go through basic education simply to better equip themselves or in anticipation of one day taking that big leap from a cushy corporate job on to an entrepreneurial journey.
A lot more disruption and innovation happen today than ever before. And yet, most such disruptions have started with the new entrepreneurs and not the big corporates.
The very fact that the big companies went on to acquire the smaller players at high valuations goes on to prove the value created by new entrepreneurs. When was the last time a Google disrupted the industry? YouTube was an acquisition. Facebook acquired WhatsApp, Instagram, and Oculus. Microsoft did that with Skype and LinkedIn.
The pace of disruptive innovation has been accelerating since 2005. The new biggies are barely teenagers, the 100-year legends are far and few. New disruptors are disrupting previous disruptors.
The Silicon Valley’s adage on entrepreneurial spirit, ‘Failure is a Badge of Honour,’ is no more restricted to the Valley. In the past, Asian economies like India, China and Indonesia that constitute over half of the world’s population rewarded formal employment and had a social stigma attached to failure.
This new decade had changed all that. Today, you have the wealth created by entrepreneurs from India and China. It is more like this generation of Asians are getting back vigorously and challenging the tenets.
Even as the likes of Jack Ma (Alibaba), Sachin Bansal, Binny Bansal (Flipkart), Aggarwal (Ola) have either diluted their stake to move into philanthropy or the next big thing, there is a new generation like Rashmi Daga (Fresh Menu), Ritesh Agarwal (Oyo), Nandan Reddy and Rahul Jasimini (Swiggy), Deepinder Goyal (Zomato) that have filled in those spaces with fairly big shoes. The spirit of failure does not seem to perturb them, and they are reinventing, realigning from their mistakes along the way.
Starting a business is hard and one needs to be systematic and efficient. Hiring external resources cost money. On the other hand, buying software which you may not use or may find limited use at exorbitant prices is a big deterrent to productivity. A lot has changed in the last few years. I have compiled some of the world’s best software and tools that makes it easier for any entrepreneur– Analytics (Google Analytics) , Collaboration (Slack, Trello) , Communication (Skype) Design Tools (Canva) , Document Storage (Dropbox/ One Drive/ Google Drive) , Email Marketing (MailChimp) , Invoices And Billing (Zoho), Social Media Schedulers (Buffer, Hootsuite, Tweetdeck), Spreadsheets (Google Sheets), Survey Tool (Survey Monkey) , Word Processing (Grammarly, Google Docs).
Thus, all components of your business that requires software tools are available for free to start off and then ‘pay as you grow.’ This is a great boost for entrepreneurs and start-ups who can use world-class tools with zero spending.
Acquiring new customers and ‘spreading the message’ is no more limited to expensive newspaper advertisements and television spots. The online marketing channels are all about creating inbound leads and low-cost outbound reach, to targeted audience at extremely optimised and affordable costs. Imagine reaching out to your new prospects at budgets as low as low as $10 (Marketing on Google Facebook, Twitter and Facebook and LinkedIn) for advertising each day.
The new marketing models with digital marketing and content creation techniques using some of the tools mentioned above, have spawned the imagination and amplified the marketing capability of every entrepreneur.
You can now, target, reach out and engage your audience for the right demographics and geo-focus. This translates for you into a theoretically unlimited market size with hyper-local targeting. Since markets have democratised and entry barriers for distribution busted, you have infinite opportunities as a new player that offer value to your audience.
This is the best part. The world has changed and has changed forever in the last decade. Governments across the world are waking up to the new reality of changing demographics and have opened ‘Start Up’ and Incubation Centres in every part of the world to encourage and give a boost to the new entrepreneurs. The painfully expensive permissions from the Government and regulators are long outdated for most new set-ups.
Social structures have changed, sources of funding have changed and most of them are an advantage for the new entrepreneur
The Internet has flattened the world for 2 decades now. That the advances in mobile telecommunication, increased bandwidths and broadband penetration have led to a convergence of idea centres a decade ago. Together, they have unleashed a potential that is available today for you- in all its magnificence – for you to start. If you must start, there is no better time to start than now. A journey of a thousand miles – starts with the first step, they say.
The question today then is not: “Can we build this?” but rather, “Should we build this?”
You might also like
Please do share your thoughts and feedback and I will be glad to learn from you.
**The author is an entrepreneur with two decades of senior leadership experience in India and Asia-Pacific and now runs Futureshift, a boutique consulting outfit that helps businesses chart their digital marketing strategy with the @ZMOTly framework to achieve impactful outcomes. He is available at email@example.com **
Good top managers are also busy and unless you are working ion their projects, in less than ten minutes they get back to what they are working on.
You must spend your travel time working . Airplane time is work time, so you may want to fly by yourself and gain those extra few hours.
If you travel with a top executive and end up working on the flight, they would think you are doing it to impress them. Worse still, they want to read a book, relax, take a nap or may be watch a movie and they will be unsettled by your industriousness. Even if you have to fly the same plane, sit in a different section.
Hotel time is also work time. If you travel with superiors they may be obligated to ask you for dinner. If they don’t you will feel hurt. Either ways your valuable time is wasted.
Over the last couple of months, I have struggled with this. Carrying years of negative energy, anger at people who I once trusted, and who let me down- all that affected me all these years. It has started again now- and I am trying my level best to move on.
This was a wake up Video!
A must watch.
Personal Development for the 21st Century: Forgiveness is The Act of Unchaining Yourself: “To forgive is to set a prisoner free and discover that the prisoner was you.” – Lewis B. Smedes Most of us carry around anger…
Not all salespeople are successful. Given the same sales tools, level of education, and propensity to work, why do some salespeople succeed where others fail? Is one better suited to sell the product because of his or her background? Is one more charming or just luckier? The evidence suggests that the personalities of these truly great salespeople play a critical role in determining their success.
A normal salesperson is very unlike the above and usually demonstrates the following traits –
These fundamental differences almost always do sift between the rice and husk.
Aspire to be- the BEST!
Nothing comes easily – especially success.
I found this video – very simple and supremely inspiring.
What makes the difference between the person who is first and who comes behind!
Go through this every single day- and motivate yourself to put in that effort- to bring the passion to the fore- that will propel you to bigger things in life!
All the best. Happy Viewing.
Some decisions in haste can be reversed, altered or has little impact. These haste decisions are necessary if there is a fire in a factory. Decisions made for the sake of speed is a little different from decisions that require swiftness. Understanding the difference is critical.
There are two kinds of decisions – revocable and irrevocable.
Revocable decisions are changeable decisions that can be made relatively fast and if it is wrong or needs to be altered, can be changed again relatively fast wit comparatively minimal impact. Examples would be – Office layouts, Advertising schedules, Not making a decision, Pricing, Phone service provider, Choosing an insurance company, even hiring a contract staff or a tier 2 reseller.
Irrevocable decisions such as brand name, acquisitions, executive hires, buildings, IT architecture are usually not easily irrevocable. Exercise caution while taking irrevocable decisions. Even if you need to take these decisions under time pressure, then you need to read fast, assimilate information fast, analyse fast, think fast and then decide. The decision may seem fast – but as a manager – you know you have done your due diligence.
Sounds easy! The essence of understanding the difference is the situations under which you operate in a particular mode that will make you successful.
Tim to decide! Merry Christmas!
Whatever be the case if you are a salesman you are in good hands. You have the inherent advantage to get to the top. If not, get a role in sales to fill up that gaping hole in your otherwise impeccable record.
Forget the empire. Power and promotions go to people who can do more with less. Efficient producers not resource hungry administrators.
I was disappointed at mediocre internet banking infrastructure of the two banks #hdfcbank, #icicibank and the unhelpful call center of #jetairways. The numerous attempts to the call center that either put me on hold for a good 20+ minutes or were unable to understand the requests yielded no results. As their customer that lives abroad, such waits and both frustrating and costly. I did what was the next step. Vent my frustration on a tweet.
In less than 12 hours, I had ‘messages’ from two of the firms #icicibank #jetairways requesting for more details. In less than 24 hours of me providing my contact details, the representatives called me and promised to fix the issue. One bank #hdfcbank, just chose to be unheard and non-present on twitter. Needless to say thy just lost my $10K investment that I was planning to do to their competitor.
As a customer, I was delighted that a 140 character tweet could achieve what a 20min international phone call or a 300 word email could not. Harnessing its power, let’s get serious.
Unfortunately, most companies are still treating social media like just another teenage fancy. When in fact, it’s so much more.
And because I’d hate to see it all not add up, I’ll add this tiny bit of advice. Do not assume that social media is the answer to every problem
Define your company’s social media strategy.
Your customers are queuing there. Your resistance to social media is futile. Millions of people are creating content for the social web. Your competitors are already there. Your customers have been there for a long time.
If your business isn’t putting itself out there, you are putting yourself out of business?
In this two part series, I will share how social media can change the business dynamics and help you get closer to your prospects and customers. In part 2 of this series I will share my own personal example with an airline and a bank on how they leveraged social media to solve customer problems.
A few years ago when Avinash Kaushik, an Analytics Evangelist of Google quipped “social media is like teen sex. Everyone wants to do it. Nobody knows how. When it’s finally done there is surprise it’s not better”, it seemed like just that.
Now 3 years later 36 months wiser, Wikipedia defines thus – “Social media are media for social interaction, using highly accessible and scalable communication techniques. Social media is the use of web-based and mobile technologies to turn communication into interactive dialogue”,
Why should I care, you may ask?
Well, I can give you not one but six trends that possibly can change your perspective.
Because, social media is a force to be reckoned with! If facebook were a country, it would be the 3rd most populated in the world, just after China and India.
If all this is great stuff, how does it affect my business, my customers or my prospects? I will cover these in my next issue, and I leave you with this thought –
Well now that I set the grounding on the basics of Social Media, I will take up in my next issue on how businesses can leverage social media in my next issue.
Aspire to …. do something different that touch a million lives!
While browsing through the net looking for stuff to help my children learn about concepts better than they do in school, I happened on the Khan Academy.
In an era where everyone looks at monetizing their offerings, here is a special person who has provided a whole bunch of stuff meant for children – free.
This is the kind of work required for us in India to touch the Million plus children who never go beyond rote reading and many many others who drop out of school.
Thinking out of the box!
I am sure there are many many more such sites- and I will keep sharing while I stumble upon more of them in the coming days. Stay tuned.