BVIMR News Letter Sep.,2003

 
 

The Fundamental’s Funda
(it Worked for me, it will work for you as well)

Sixteen year of learning. To be summed up in a single sentence: “only if you do the basics right it would determine your company”s success or failure.”
A number of management conceptions and tools have been flooding the market. From Iso-9000 certifications to SWOT analysis, core competence, knowledge management…. The list is endless. In the concluding scrutiny, many of these yield substandard results.
Attention to the fundamentals is inevitable for endurance. As a universal decree, the more stylish and multifaceted the technique for carrying out changes, the bigger the chance for breakdown. If you yourself have trouble understanding them, I can bet that your people will have snag understanding them too.
Make sure the populace you work with have a clear understanding of the systems and the definite role they have to play. A lack of transparency on who is liable for what is the single biggest cause of crashes.
To be successful, take the reads, which have been less traveled by, and remember to, “Fix the problem instead of fixing the blame” and believe me you will come out as a true winner. There is no substitute for sincerity and hard work….
All the valuable management ideologies k know are quite simple and easy to understand. And these ideologies are universal. They work in every type of organization-hospital, school, retail firm, bank or production plant- and almost everywhere. These simple universal management ideas are rarely found in management textbooks. They are generally learnt from people closest to you: your teacher, your grandmother, even the small kid playing in your locality park could be your source. You need to be alert to learn the fundamentals on a daily basis. Most of us learn from our own errors. From today onwards try to learn from other person’s mistakes too and that will add up to your knowledge and then you would be vigilant enough, not to make the same mistakes again.
The trouble is that a lot of populace don’t like fundamentals. They look for programmatic enchantment stick that they can gesticulate. Such people forget the fact that if a calculator costing just Rs. 50 can do the same job efficiently for them then why do they need to shell out money to purchase a computer costing a whopping Rs. 50,000.
So many of us have been used to shun from “basics” in all aspects of our existence, that starting to look at them again is not going to be easy. In my opinion it is never too late to make a sincere beginning. Since again the law of basics proves it:
“Journey of a thousand miles, begins with a single step”

Tarun Kapoor
MBA 1st Year


"Faith is the starting point of all accumulation of riches."
 
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