I was recently interview by South China Morning Post (SCMP) for their weekly MBA extension.
Uploaded the copy below -
Tuesday, February 23, 2010
Monday, February 8, 2010
I read this somewhere!! Very powerful! My version of it
If I could offer you only one tip for the future –
LOVE YOURSELF !!
Enjoy the power and the beauty of your youth, but no matter how many times people will tell you to do that, you will not!!
And you will not understand the power and the beauty of your youth till they get faded.
But when you see your pictures 20 years later, you will realize how fabulous you looked and the unlimited possibilities you held.
You are not as tall or as short as you think you are!! Nor are you as fat or thin as you think.
You are fairer then you think you ever need to be, and you are as tanned as you can get
Don’t worry about the future, or rather worry about it but realizing that worrying is as effective as solving an algebra equation by chewing gum
Real troubles of your life are the ones which have never even crossed your mind
Do one thing in your life everyday which scares you. After a while, there will be nothing which you will fear. You will simply become fearless!!
Don’t be reckless with other people’s hearts and don’t put up with people who are reckless with yours. Because when hearts break tears shed and Because a tear is 1% water and 99% feelings
Don’t waste ur time on jealousy! Sometime you are ahead, sometime u r behind. the race is long and it will end only with you!!
Remember compliments you receive and forget the insults.
Keep all the love letters you received, throw away all your bank statements
Don’t feel guilty if you don’t know what you want to do in life!! The most interesting people in the world were the ones, who didn’t know what to do when they were 22. Or as a matter of fact, the most interesting people I know didn’t know at 40 !
Be Kind to your needs – you will miss them when they are gone!!
Maybe you will marry, maybe you won’t. Maybe you will have children, maybe you wont!! Maybe you will divorce at 40 or maybe you will do Salsa at your 75th weddding anniversary Whatever u do, don’t congratulate yourself too much or berate yourself too much
Your choices are your half chances!
Never read beauty magazines! They will only make u feel ugly!
Enjoy your body !!! Love it now , enjoy it the way u want !! bcoz u don’t know for how long u can run a mile or backpack Cambodia or climb Mt. Kilmanjaro
Don’t be afraid of what other people think of ur body!! it’s the greatest asset u ll ever have!!!
DANCE !! even if u don’t have anywhere to do it Or a reason to do it. You never need one !
Get to know your parents !!! you never know when they will be gone for good !
Be nice to your siblings – eventually they might be your link to your past and are most likely the people who might stick with you in your future.
Remember friends come and go, but only a few special ones stay forever
TRAVEL !! Work hard to fill gaps in geography and being! Widen your perspectives and travel is the only way to do it.
Live in New York City once but leave before it makes you hard. Live in California once, but leave it before it makes you soft.
Accept the truths of life : Prices will always rise. Politicians will always cheat and you will get old. And the older you get, you will think about the days when you were young, when the prices were better, the politicians were honest and children respected their elders.
Respect your elders. !!
Don't expect anyone else to support you. Your fund or your spouse – they can ever run out but your elders will always be there to support you if not in physical world, in an emotional world.
Experiment in your life!! don’t crib at 40 for things u could have done at 20
Read directions !! even if you don’t follow
Be careful about whose advice you take, but be patient with all those who offer it. Advice is a form of nostalgia. Dispensing it is a way of fishing the past from your life!!
but again I say love your life, love yourself . If you can't love yourself , who will!!
If I could offer you only one tip for the future –
LOVE YOURSELF !!
Enjoy the power and the beauty of your youth, but no matter how many times people will tell you to do that, you will not!!
And you will not understand the power and the beauty of your youth till they get faded.
But when you see your pictures 20 years later, you will realize how fabulous you looked and the unlimited possibilities you held.
You are not as tall or as short as you think you are!! Nor are you as fat or thin as you think.
You are fairer then you think you ever need to be, and you are as tanned as you can get
Don’t worry about the future, or rather worry about it but realizing that worrying is as effective as solving an algebra equation by chewing gum
Real troubles of your life are the ones which have never even crossed your mind
Do one thing in your life everyday which scares you. After a while, there will be nothing which you will fear. You will simply become fearless!!
Don’t be reckless with other people’s hearts and don’t put up with people who are reckless with yours. Because when hearts break tears shed and Because a tear is 1% water and 99% feelings
Don’t waste ur time on jealousy! Sometime you are ahead, sometime u r behind. the race is long and it will end only with you!!
Remember compliments you receive and forget the insults.
Keep all the love letters you received, throw away all your bank statements
Don’t feel guilty if you don’t know what you want to do in life!! The most interesting people in the world were the ones, who didn’t know what to do when they were 22. Or as a matter of fact, the most interesting people I know didn’t know at 40 !
Be Kind to your needs – you will miss them when they are gone!!
Maybe you will marry, maybe you won’t. Maybe you will have children, maybe you wont!! Maybe you will divorce at 40 or maybe you will do Salsa at your 75th weddding anniversary Whatever u do, don’t congratulate yourself too much or berate yourself too much
Your choices are your half chances!
Never read beauty magazines! They will only make u feel ugly!
Enjoy your body !!! Love it now , enjoy it the way u want !! bcoz u don’t know for how long u can run a mile or backpack Cambodia or climb Mt. Kilmanjaro
Don’t be afraid of what other people think of ur body!! it’s the greatest asset u ll ever have!!!
DANCE !! even if u don’t have anywhere to do it Or a reason to do it. You never need one !
Get to know your parents !!! you never know when they will be gone for good !
Be nice to your siblings – eventually they might be your link to your past and are most likely the people who might stick with you in your future.
Remember friends come and go, but only a few special ones stay forever
TRAVEL !! Work hard to fill gaps in geography and being! Widen your perspectives and travel is the only way to do it.
Live in New York City once but leave before it makes you hard. Live in California once, but leave it before it makes you soft.
Accept the truths of life : Prices will always rise. Politicians will always cheat and you will get old. And the older you get, you will think about the days when you were young, when the prices were better, the politicians were honest and children respected their elders.
Respect your elders. !!
Don't expect anyone else to support you. Your fund or your spouse – they can ever run out but your elders will always be there to support you if not in physical world, in an emotional world.
Experiment in your life!! don’t crib at 40 for things u could have done at 20
Read directions !! even if you don’t follow
Be careful about whose advice you take, but be patient with all those who offer it. Advice is a form of nostalgia. Dispensing it is a way of fishing the past from your life!!
but again I say love your life, love yourself . If you can't love yourself , who will!!
John Lennon Quotes
There are times when you are looking for direction. At those times, you seek an influence. I have always been inspired by John Lennon. His music, his thoughts, his values and his beliefs.
Some of his favorite quotes - ( a tribute to Lennon )
1. A dream you dream alone is only a dream. A dream you dream together is reality.
2. All we are saying is give peace a chance.
3. As usual, there is a great woman behind every idiot.
4. Everybody loves you when you're six foot in the ground. ( this is one of my favs )
5. God is a concept by which we measure our pain. ( another one )
6. I believe in God, but not as one thing, not as an old man in the sky. I believe that what people call God is something in all of us. I believe that what Jesus and Mohammed and Buddha and all the rest said was right. It's just that the translations have gone wrong.
7. I don't believe in killing whatever the reason!
8. If everyone demanded peace instead of another television set, then there'd be peace. ( this one is also awesome )
9. Life is what happens while you are busy making other plans. - ( this is my all time favorite )
10. Part of me suspects that I'm a loser, and the other part of me thinks I'm God Almighty.
11. Possession isn't nine-tenths of the law. It's nine-tenths of the problem.
12. Reality leaves a lot to the imagination.
13. You don't need anybody to tell you who you are or what you are. You are what you are!
14. We've got this gift of love, but love is like a precious plant. You can't just accept it and leave it in the cupboard or just think it's going to get on by itself. You've got to keep watering it. You've got to really look after it and nurture it.
15. You either get tired fighting for peace, or you die. ( and he died fighting for peace )
Everytime, I am down, I read these quotes out aloud. and I tell myself how lucky I am. We need to love life more, much more than what we all do.
Friday, January 29, 2010
The irony of a common name
After reading my recent posts, people have been calling me with a lot of names.
Wannabe, philosophical, gyaan guru are a few!
Some also said that you are such a funny guy ( yup I like to believe that :) ), why do you always write about deep, serious topics!!
So, I told myself – fair enough – I can write funny and after 15 days of clueless thinking, I gave up. But, you know I believe in destiny. Tonight I got an email which was meant for some other Amit Agarwal and it was the Eureka moment!! I knew what I was going to write about.
So let’s discuss the irony of having a popular name.
Well, Amit is a very popular name back in India and Agarwal is an equally popular surname. So the combination of both can be highly lethal and devastating.
One big issue with having a common name is no availability of usernames of your choice on the web. Thousands bucks if someone can find me a username of my choice on any popular website. And believe me, I have tried all the possible permutations and combinations. So, what are commoners ( common namers ) like me left with – an username or an email which consists of my name and some obscure or weird numbers.
I am a big fan of Google – it helps you find facts and people so easily. I personally use it to look for people all the time (it’s not stalking). However, do you want to google me. Try it – a search on Amit Agarwal gives you over 240K results. So people who are looking for me ( dhoondhte reh jayoge )
The funniest and the most annoying aspect of having a common name is that in a 100 meter radius, you will definitely find a few who share the same name. So if you hear someone yelling out your name, there is no assurance that that name call is for you.
Also, I personally don’t like the idea of someone calling you by your surname. But as things would be, my surname has always been tagged to my name for identification purposes in class, at work and everywhere else. So, I have been unwontedly called Amit Agarwal all my life.
Having a common name also hits you big on your identity (so called pehchaan). With a common name, creating a niche for yourself becomes more challenging.
As a human trait, we will always find the grass greener on the other side (but, since I have achieved Nirvana, I am above all this :p). I only look at the benefits of a common name and they are numerous.
To talk about the first benefit, let’s go back to the story of the email I got today about the other Amit Agarwal. Couple of months back I went to a seminar on financial derivatives and risk analysis event (details intended). At the registration desk, when I gave my name, I was ushered into a private more luxurious suite. I was offered VIP treatment there with the perks. Now, I am a meager MBA student who deserves but never gets this kind of exclusive treatment. So without asking any questions, I enjoyed my moment of glory and fame.
After a few minutes, I was asked whether I was ready with my presentation. Trying to not act surprised or petrified, (which I obviously was) I asked the organizer what presentation are we talking about? With a bemused look, he said the 30 minutes talk you are going to give us about “Structured Products and their long term risk implications”. With the straightest face I could manage, I admitted that I didn’t have freaking clue what he was talking about. Apparently, there was a different Amit Agarwal ( yes another A.A. in HK ) who was suppose to give a presentation on that Greek or Latin topic . Well, it didn’t matter- The blueberry cheese cake they served in the VIP room was delicious.
Morale of the story, there can be perks of having a common name.
Another significant benefit of having a common name is that you can easily camouflage yourself when you don’t want to be revealed. I lost counts of the number of times I have shifted responsibilities by blaming it on some other Amit particularly if it’s about being delegated a task or an unwanted work.
Furthermore, having a common name has the benefit that I never need to correct the pronunciation of my name. While my other Indian friends who get tired correcting the way their names are pronounced, I never have to go through that exercise.
Nonetheless, irony of having a common name will always exist. It’s upon you how you want to perceive this scenario.
Wednesday, January 6, 2010
Fear of Rejection
What is your biggest fear?
For some, it’s the fear of death, for some its fear of spiders. According to a survey, for most, it’s the fear of public speaking. However to me, the worst fear one can have, is the fear of rejection.
The human race has survived brutality of wars, diseases and natural disasters. However, fear of rejection is one fear which tends to eclipse most men. The fear of rejection is such an impeder that it deters us from doing things which we want to do. This fear hinders you to pursue your dreams, restricts your ambitions and diminishes your action taking ability.
I agree that any kind of rejection can be devastating. It generally hurts where it matters the most, i.e. it hurts your psyche and it absolutely demolishes your confidence. A normal human tendency is to avoid any sort of pain and after the initial rejections, you simply stop trying.
A few things you experience when you have fear of rejection
- You feel that you have lost all your confidence and can never accomplish any job.
- Inability to say no to anything because you feel awful about saying no and getting others to reject and neglect you. Thus, you keep agreeing to perform tasks which you don’t want to do.
- Absence of self opinion about yourself. You judge yourselves as what people say about you rather than what you think about yourself.
- Loss of identity. You tend to idolize people very quickly and hence imitate those whom you think highly of.
The most successful people in the world have been the ones who have been able to overcome this fear. Talk about Abraham Lincoln, he lost 3 elections before he won his first. Or talk about our own Amitabh Bachchan – he was rejected by the radio, by the theatre and by several movie studios. But he still had the courage to face more rejections before he got his first break.
Relationships are one part of our lives where fear of rejection has such a deep impact. The horizon of this fear stretches right from your professional career to friendship to your love life.
While operating my start-up venture, I faced professional rejection on a daily basis. So much so, that I wondered whether facing rejection was part of my job description. It generally was a traumatizing experience when after having one sales meeting and several follow-up meetings, the prospective client just rejected your proposal. I have started to believe that those initial rejections were one reason why I am doing a MBA and not running a successful business.
I read this true story in one of the Chicken Soup books where a guy in high school is madly in love with his classmate but never approaches her as he fears rejection. The guy could never develop the courage to approach the girl and after 2 years of anguish, gives up. 25 years later, married to their respective spouses they meet at High School reunion. The guy, who still has a soft corner for the girl, finally tells her how crazy he was about her. The girl starts crying hysterically. She tells him how much she loved him throughout high school but was waiting for him to make the first move. Both speechless, they just part ways. This is one example how a meant to be relation never happened because of their fear for rejection.
There are many other incidents where broken friendships don’t mend because both the parties are paranoid that their offer for reconciliation will be rejected by the other. Another chicken soup story. 2 close friends with their friendship of 20 years. One day, they quarrel on a trivial matter and ultimately stop interacting with each other. A few weeks later, they both realize that the quarrel was absurd and uncalled for. However, they both not sure if the other guy wants to be friends again, don’t make the reconciliatory move. Eventually no one does and when one friend dies, the other realizes his mistake. But, it’s too late. Their fear that the other might reject the reconciliatory offer, never give it a try.
My apologies for the sad stories but blame Chicken Soup for that. They are just filled with them.
Some instant gyaan for overcoming fear of rejection.
Don’t ever be scared of rejections in your life. Every time you are rejected, take that as a challenge to prove yourself. Develop a frame of mind where you view getting rejected as a stepping stone to success. Once, you are able to accept rejection, you’ll realize that with every rejection, it gets easier.
Be yourself because everyone else is taken. Don’t ever succumb to peer pressure and do things which you don’t want to do. Don’t let others dictate your individuality.
And finally, Don’t make success the ultimate goal and focus more on the process than the result. Try rewarding yourself for just making an effort and getting a "no."
A relevant quote from Sylvestor Stallone to end this blog - “I take rejection as someone blowing a bugle in my ear to wake me up and get going, rather than retreat.”
Friday, January 1, 2010
Toyota & Detroit - Comedy of Errors
One flaw of online marketing is that you don't have any control over the placement of your ads. At times, you can be placed exactly where you shouldn't be.
This is the comedy of errors which happened with Toyota when their ad was placed around content for which they were directly responsible.
See the pic below -
This is the comedy of errors which happened with Toyota when their ad was placed around content for which they were directly responsible.
See the pic below -
Thursday, December 31, 2009
1 Billion - a liability or an asset
For decades and decades, India’s ballooning population has been credited with India’s sorry state. The Indian political machine shrewdly disassociated themselves with all the issues blaming our population for all the chaos and mayhem. Even for the general public, we had our population as our excuse for self pity and complacency.
Of course, our population is rising alarmingly. After all, more people we have, higher is the burden on economy for education, healthcare and infrastructure. With more people joining the workforce, more employment opportunities have to be created. With our badly administered population plan, we are adding one Australia every year to our population ranks. Some statistics for you – India occupies 2.23% of total land in the world, has 17.17% of world population and contributes 1.49% to the world GDP. Do you smell a shocking disparity between our economics and our population?
If I would be you, I would be very worried!!
This used to be the universal perception of India and its population “crisis”.
However, since economic reforms in 1991, there have been an astonishing "paradigm shift" across the world where our population is no longer considered a liability but now it’s branded as our largest asset.
The rationality behind it is –The economy of a nation is driven by its workforce. This is how US‘s economy boomed through baby boomers era of 50s and 60s. This is how China has been growing for the last 30 years. And now it’s India’s turn. India already has an advantage over more advanced economies. The median age in India in 2000 was 24, compared to 30 in China, 38 in Europe and 41 in rusty Japan. The bottom line is - India will be the only young country in the ageing world.
While US will need to drain its crippling federal reserve on pensions & health care and China will need to equip itself with these issues in next 20 years, half of India’s population, which is under 25, will gives us a competitive edge over these economies. I personally believed that India doesn’t have any chance to compete with China economically. But I might be wrong as many economists around the world believe.
But things are not as rosy as it appears. One major issue is creating enough job opportunities for these new entrants into the labor market. Unemployment looms large at 9.8% in India; that’s 40 million people. Huge amount of literature has written on unemployment and social disharmony in the society. India already has severe incumbency issues – right from Maoists to Naxals to ULFA to Bajrang Dal. These organizations have been capitalizing on the unemployed youth to increase its member strength. Unemployment also increases the economic gap between rich and poor which is another significant issue faced by India.
Another issue is the quality of workforce entering the job market. If you look at the college graduates alone, due to low quality of education standards, 75% of 3.2 million Indian graduates are unemployable. Recently, I met a Masters in Economics degree holder from Delhi University who was working as a rickshaw driver in New Delhi. And guess what, he said he is lucky to be driving an auto rickshaw, several of his colleagues from college are completely unemployed.
Lastly, the largest issue is our huge huge illiteracy rate. We have a illiteracy rate of 41% compared to 9% in China, 10% in Indonesia and 11.6% in Brazil. Every issue that Indian society faces is like links to a chain. Every issue is connected directly or indirectly to each other. The strongest link of Indian society is our staggering illiteracy rate. Illiteracy is the root to all issues as it gives rise to other issues like poverty, unemployment and child labor.
We need to overcome these key issues to leverage upon our human capital. For that we need Investment in education, health care and infrastructure.
Nandan Nilekani recently mentioned that we have a god gifted young population ( demographic dividend). If we don’t invest in this demographic dividend, the same demographic dividend can easily turn out into a demographic disaster. So let’s hope our politicians can stop worrying about securing their seats in the next elections and start working on these basic necessities for us – its future.
Saturday, December 26, 2009
Mistakes - are they lessons
I recently was reading about Stan Shih – the ex-chairman of Acer. He said something which really clicked with me. He mentioned that life is about continuous learning and the hardships and misery we face during this learning is the tuition fee which we need to pay for this learning. Very simply put and very irrelevant in today’s fast food culture but his thought connected well with me.
After reading his brilliant philosophy of life, I took a step back and thought about my life and my learnings and of course the tuition fee I paid for it.
After a lot of contemplation and lots of “brainstorming”, I realized one thing for sure that regardless of what my mistakes were and the tuition fee I paid for it, “I must start loving the fool within me, the one who feel s too much, speaks too long, takes too many risks, seldom succeeds and fails often, have insufficient self-control, loves and hates, hurts and gets hurt, laughs and cries”.
Most of us when we do something wrong, or we do something that makes us guilty or feel bad, we tend to get angry with ourselves. Most of us have this ghastly habit of beating ourselves mentally over and over again on the mistakes we do. We need to stop that and love ourselves for our mistakes. I ensure that I make 3 mistakes a day and ensure that I learn from them and don’t repeat them.
We need to start believing that ‘there are no mistakes in life, there are only lessons’.
Bad things happen to everyone. After all life is like a bush of roses, with the beautiful roses, you need to face the thorns. Metaphorically speaking, thorns are the breakdowns we face during this journey of life- the bad judgement calls, the deceptions, the misinterpretations. What one needs to understand is that every thorn should be considered a cornerstone to ensure those mistakes are not repeated.
I try to consider mistakes souvenirs or rewards for taking risks in our daily to daily lives. Many of us don’t ever want to fail. We try to be picture perfect and completely error free. And how do we do that? We prevent ourselves from scouting unfamiliar territories, don’t experiment and try to be in our comfort zones.
I read about this concept where there are 3 sections of knowledge maps in us. They are –
1. I know
2. I know that I don’t know
3. I don’t know that I don’t know
For example, we know that we know how to ride a bike. We also know that we don’t know how to fly a space shuttle but many people don't know that they don’t know that their colleagues hate them at work or that they smell bad.
The point is – many of us are so “risk averse” that we never try to venture out and seek the 3rd section of our knowledge map. The significance of the third section can’t be ignored. If you consider knowledge map to be 100%, you might have section 1 as 1%, section2 as 3% and the remaining 96% belongs to section 3. The most successful people around the world have penetrated section 3 through enquiry and observation, and have developed insights which helped them to attain business, political and spiritual glory.
All I am trying to say is that venture out and take roads less travelled because who knows in one of those ‘road trips’ you’ll find your calling. And don’t care too much about the mistakes you make during those journeys, after all even a stopped clock is right twice a day.
Robert Frost very aptly said “In three words I can sum up everything I've learned about life. - “It goes on”. So remember that regardless of your mistakes, your life will go on. So go out and start making mistakes.
Monday, December 14, 2009
Key to Happiness
I sometimes become philosophical about stuff. Today seems to be one of those days.
Today I am trying to decipher the code behind unhappiness.
Let me try to list out possible things that “might” make me happy.
A sleek black Maserati will be the ultimate happiness tool, or maybe a penthouse in Stanley, definitely someone special in life, perhaps a leaner me, or at least a job at McKinsey or Google.
Well, I have many many more things which might make me happy. The list never ends.
However, there is only one thing which makes me “or to generalize - all of us” unhappy. That is when our expectations are not met. The pain caused by failed expectations can be very severe.
A failed expectation can be a deferred job promotion, a break up, the way your friends & family treat you or maybe getting an application rejection from Harvard.
Basically, an expectation says that “I want something to happen and if that doesn’t happen, then you will be unhappy”.
On so many occasions I hear disgruntled voices talking about expectations not met or things not happening the way people want it to happen. Managing your expectations can be very challenging and is an art one learns through trial-error and experience.
Please don’t mistake me here. I don’t say expectations are wrong. We need to have expectations. They are the primary source of hope and aspirations. Life would be empty and meaningless without them. However, what I propose is that keep your mind flexible and adaptable to their outcome so that you can be more forthcoming and acceptable to the occurrence of any possible event.
Though I am writing on this topic, I kinda suck at managing my own expectations.
I personally try to have very little expectations. However, expectations naturally build up and when they fail they cause lot of pain and anguish.
For instance, when it comes to communication, I am very particular about both parties putting in equal effort to sustain a communication channel. In simple words, I will not be the one who will always start a conversation even if I want one. Now, this expectation does fail and when it does it tends to severe my relationships and friendships.
What I know but fail to implement is that one must liberate themselves from attaching themselves to any result caused by someone else's actions or inactions!
As humans, we all need expectations but what we also need is a realization that they can fail.
Sometimes, I ask myself a question- To be happy do we need to lower our expectations or to strive harder to improve our current situation"? What I realized is that accepting reality can be much more satisfying.
However I still don’t have an effective answer - If you have one, please comment on this blog.
Sunday, November 15, 2009
The Answer my friend is blowing in the wind
Humans are inquisitive in nature and are always looking for answers to the several important questions of our lives. Some of the questions which we always ask ourselves are - “ Why don’t they understand me” ? “ Why don’t they listen to me” ? “ Why is there a traffic Jam?“ “Why don’t they take me seriously? ” Or “ Why me? “
Every time, I think about these numerous questions which we ask to ourselves, I remember a song by Bob Dylan –“The Answer my friend is blowing in the wind!! The Answer is blowing in the wind !”
For the benefit of those who haven’t heard the song, link to the YouTube video is below.
We relentlessly look for the answers outside of us.
We seek these answers from others – from our colleagues, our life partner, our family, from our friends. In other words, we blame them for our troubles and confusions.
Sometimes, we try to find peace through spiritual enquiry, through personality development courses; sometimes we try Yoga & Hypnotism. But every time when we expect these external devices to answer our questions, we fail. Because we expect these methods to answer our questions. They can never answer our questions, they can just be the platform for us to find the answers.
Why don’t we understand that the answers are always so much within our grasp but we are just looking in the wrong places. What we fail to do is self evaluate ourselves and see if the answers are available within us?
Yes, all these answers of our lives “lies” within us!!!
Now, Lies has 2 meanings here– first, the answers lies within us and second, these answers can be uncovered by discovering the “lies” of our lives.
Most of us try to be so sure of ourselves when we are in the critical point of taking a personal decision. We very clearly think that our way of things is right and is the honorary way.
What I am trying to say here is that every time you are facing a dilemma and are almost on the verge of blaming the other party, remember that maybe the problem is in you. Maybe you are being too self righteous, with your past experiences molded you to believe that other’s outlook is always wrong. Maybe, we don’t want to leave our comfort zones to get into the other person’s shoes and see things from their perspective.
If you have read this whole painstakingly boring article, I hope that your only take away from it is to self evaluate yourselves very well before making a judgment or playing the blame game. After all, there's only one corner of the universe you can be certain of improving, and that's your own self.(If you like this article, do comment on it. After all that's the blogger's only source of inspiration.)
Tuesday, November 10, 2009
MBA and Leadership: Do we need a Paradigm shift
Peter F. Drucker famously said “Management is doing things right; leadership is doing the right things.”
I was recently reading a book by Lee Iacocca called “Where Have All the Leaders Gone”. Iacocca's masterpiece approaches the issue of lack of leadership around the world. He identifies the lack of leadership skills in the current world and acknowledges that there is growing awareness of a need for greater focus on it. He also admits that the modern management talent has come from the numerous MBA schools around the globe. However, most of the MBA programmes have been snail-paced to address this leadership shortage and are clueless on how to move forward.
After reading the book and contemplating my MBA experience, I thought I would share some thoughts on Leadership and the paradigm shift required in MBA programmes.
Currently, most global corporations are severely over-administered and under-led. This issue exists in both established economies of the West and emerging economies of the East. Though emphasis is placed on leadership development in West, this initiative in severely lacking in the East. With micromanagement style, Eastern Leaders find it difficult to delegate tasks effectively paying a price on productivity and core leadership utility.
In this current environment, there is no surprise that media around the world have raised the important issue of the role of business schools in the creation of leaders in the 21st century knowledge economy. The anguishing fact is that despite this prevalent recognition of the need for leaders, MBA programmes are not adapting fast enough to fill this need. The key challenge faced by these MBA programmes is to evaluate whether Leadership is an inbuilt personal quality or is it something that can be inculcated in individuals through teaching. However, academics around the world are not on the right direction, they are still discussing the nature of leadership rather than its development. We recognize Cambridge & Oxford to be the academic pinnacles of the Europe, however funnily they list out all of the traditional MBA functional disciplines except leadership on their course curriculum website. With websites being the primary source of information, this fact strongly indicates that leadership education is not widespread among world’s leading B-schools and is not recognized as important as conventional business and management disciplines.
I was recently reading an article about how the Army and the Navy develop their leaders. It’s interesting because in my opinion, they develop much stronger and effective leaders than do business schools. Though Army & Navy are was different from business organizations in operations and management, credit needs to be given to them for their action centric approach to develop the future leaders.
Their action centric approach is a coalescent approach to management and leadership that involves three foundational management strategies – accomplishing the duty, managing the team and developing the individual. This approach strongly emphasizes on applying these principles throughout the training and potential leaders are assessed on their ability to apply the theoretical knowledge in practical scenarios. This approach is distinct from the MBA legacy of students being taught irrelevant business & management subjects which are not applicable in this modern world.
In the action centric approach, students are not taught about leadership, they are taught for it.
Traditionally, business schools have been good at developing managers. They are focused on developing traditional functional competences (accountancy, corporate strategy, marketing, operations management) that are required to manage large organizations. However, the students are not equipped with knowledge and capability to cope up and initiate CHANGE. Thus, in order for B schools to create not only managers but also leaders, management education processes will need to change.
This new MBA avatar (I had to use this Avatar word – the movie is coming soon) will involve:
1. Less Stress on conventional management subjects.
2. An integrated and foundational approach to management.
3. Emphasizing on personal effectiveness.
4. Moving Emphasis from knowledge acquisition and testing to capability development and demonstration.
Not only the MBA curriculum will need to change but also the entire process of learning and evaluation will need to go through a major overhaul.
I quote one of my favorite Bible citations which is very relevant to this discussion to end this article
“If the blind lead the blind, both shall fall into the ditch”
I was recently reading a book by Lee Iacocca called “Where Have All the Leaders Gone”. Iacocca's masterpiece approaches the issue of lack of leadership around the world. He identifies the lack of leadership skills in the current world and acknowledges that there is growing awareness of a need for greater focus on it. He also admits that the modern management talent has come from the numerous MBA schools around the globe. However, most of the MBA programmes have been snail-paced to address this leadership shortage and are clueless on how to move forward.
After reading the book and contemplating my MBA experience, I thought I would share some thoughts on Leadership and the paradigm shift required in MBA programmes.
Currently, most global corporations are severely over-administered and under-led. This issue exists in both established economies of the West and emerging economies of the East. Though emphasis is placed on leadership development in West, this initiative in severely lacking in the East. With micromanagement style, Eastern Leaders find it difficult to delegate tasks effectively paying a price on productivity and core leadership utility.
In this current environment, there is no surprise that media around the world have raised the important issue of the role of business schools in the creation of leaders in the 21st century knowledge economy. The anguishing fact is that despite this prevalent recognition of the need for leaders, MBA programmes are not adapting fast enough to fill this need. The key challenge faced by these MBA programmes is to evaluate whether Leadership is an inbuilt personal quality or is it something that can be inculcated in individuals through teaching. However, academics around the world are not on the right direction, they are still discussing the nature of leadership rather than its development. We recognize Cambridge & Oxford to be the academic pinnacles of the Europe, however funnily they list out all of the traditional MBA functional disciplines except leadership on their course curriculum website. With websites being the primary source of information, this fact strongly indicates that leadership education is not widespread among world’s leading B-schools and is not recognized as important as conventional business and management disciplines.
I was recently reading an article about how the Army and the Navy develop their leaders. It’s interesting because in my opinion, they develop much stronger and effective leaders than do business schools. Though Army & Navy are was different from business organizations in operations and management, credit needs to be given to them for their action centric approach to develop the future leaders.
Their action centric approach is a coalescent approach to management and leadership that involves three foundational management strategies – accomplishing the duty, managing the team and developing the individual. This approach strongly emphasizes on applying these principles throughout the training and potential leaders are assessed on their ability to apply the theoretical knowledge in practical scenarios. This approach is distinct from the MBA legacy of students being taught irrelevant business & management subjects which are not applicable in this modern world.
In the action centric approach, students are not taught about leadership, they are taught for it.
Traditionally, business schools have been good at developing managers. They are focused on developing traditional functional competences (accountancy, corporate strategy, marketing, operations management) that are required to manage large organizations. However, the students are not equipped with knowledge and capability to cope up and initiate CHANGE. Thus, in order for B schools to create not only managers but also leaders, management education processes will need to change.
This new MBA avatar (I had to use this Avatar word – the movie is coming soon) will involve:
1. Less Stress on conventional management subjects.
2. An integrated and foundational approach to management.
3. Emphasizing on personal effectiveness.
4. Moving Emphasis from knowledge acquisition and testing to capability development and demonstration.
Not only the MBA curriculum will need to change but also the entire process of learning and evaluation will need to go through a major overhaul.
I quote one of my favorite Bible citations which is very relevant to this discussion to end this article
“If the blind lead the blind, both shall fall into the ditch”
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