Thursday, October 9, 2008

Merger and Acquisation ....(coming soon Nov end )

Merger And Acquisation .......
Leadership


This is very common word in the organization/ political parties “Leaders”. What exactly this word means? Leaders are the person who show the path where road could be constructed and encourage the people to put there effort to make sure the road is constructed on time with the desired quality customer have asked for. He is always along with the people in time of problems. Leader protects people like parents, he knows when to cuddle and when scold.
­ Leaders are born or created: - When any person discuss about leaders, first question, which comes into everybody mind, Leaders are born or created? There have been debates and answer to this is almost impossible to find. Just to add some fuel to this fire, I am adding my thoughts on this topic. Rest of the paragraph would talk about this topic. If leaders are not made, then MBA institute are not required where the people raw talent is polished. When I say this, I do not mean that MBA institute are machines where one person could be put IN and leaders would be created as byproduct. There would be lot many people raising hand saying if leaders can be made, why great leaders of Industries have never been too big institute still manage to be leader of organizations? If we analyzed and put our study on Industry great leaders like Richard Branson (CEO Virgin Atlantic)/ Icococa / Jack Welch/Bill Gates these people have come from average family where each family had the ideology and have faith in there family values. These people don’t have the proper degree of Management but these people have vision what they want from life and each hurdles they take as a experience to look further in the future. Great leaders read each situation and try to extract best out of each situation to polish there skill.


Characteristic of Leaders:-
Ø Leaders relentlessly upgrade there team strength and evaluate at every moment: - In the world cup of 2007, Australia had played outrightly as champions. If we recall the greatest strength of Australian team, there is no player in the team pointed as a match winner. Australian playing 11 plays a team, they are gelled where Batting /blowing and fielding each division enhances other division functioning. Each Manager wants that team given to him should have best players in the team, each playing 11 would be bat like caliber of Sachin Tenduklar while batting. Bowls like the caliber of Murlidarhan and should have wicket keeper of the caliber of Gllichrist so that each time they play match, should have smooth sailing. In real life scenario, each team probably would have 20% best performers, 70% Vital performer and rest would Bottom performers. Leaders should make sure the people diversity should not come in between Project’s normal functioning. Each member should play its role and manager should give other person opportunity to excel in the current. The good leader does not wait for evaluation time (generally year-end) to comment on person performance but should be a regular feature so that person should have room to improve in his current role. Good leaders generally GEL average performing team completely to deliver high quality results with proper mentoring and honest feedback for the person. Leaders should evaluate person ability and enhance his skills to get best from each individual. Good leader should act as a gardener, watering the seeds from one hand, and fertilizer on other hand so that to make them grow faster. Often remove the weeds. Watch the plants to grow healthier.
o Why do best Cricketers become best coaches: - Each leader needs to have knowledge of what there team is doing? Incase person is not equipped enough then he might be able to coach others. These coaches knows what lacuna they had faced during there time as cricketers.
o Build self confidence.
Ø Leaders should not only see the vision but also breathe and live vision:- Company set the vision for growth. Leaders should check that this vision statement not be just statement given by company leadership but need to make sure that all employees in the company should check that task which needs to be done, should be done so that this statement is satisfy. The direction should be so much vivid that when any employee is waked up at the night, he should be able to clearly spell out the vision statement of the company in the terms and also how he would contribute in achieving the statement. In Aricent (earlier known as Hughes), company had the visison statement of “creating customer value”. Each indivual had to have the training from professionals to understand meaning of the vision and how each level of the people could help to achieve vision target. But leader needs to make sure that incase the company uses jargon or vague goals through the vision statement, it creates the confusion among the people and companies generally go haywire. I have worked in Ascom, in 1999 company CEO had a vision to have each division e-enabled. CEO generally speak there vision statement in every speech they deliver, I wonder if they are not tired of the same, but actually from the view point each time they meet they see different set of people, they make sure to put the company vision to get things across. Should vision be prerogative of CEO. Answer should be NO as CEO speeches are for high management. Each business Manager should put the speech to there subordinates on the daily basis as this would enable each employee would have this under there skin.
o Most importantly “if you want employees to live and breathe the vision statement show them MONEY.
Ø Leaders get into everyone’s skin and exuding +ve energy:- There is old saying that “The fish rots from the head”. It is just like the politics and corruption filter down into the organization. The manager needs to go with the positive energy and this would help people to get the work done. This would help to sail in the difficult time by having some emotional bonding.
Ø Leaders establish trust with candor, transparency and credit :- Leaders needs to be honest and shows transparency while making the decision. This enable person to trust next level people. Also if the person gets the due credit for the work he has done this would not reduce the leader creditability in the organization , but would enable the person to trust the organization.
Ø Leaders inspire to have risk taking ability and learning by setting example:- Leaders should encourage people to take risk. As there would be few misses in the procedure, but remember to take learning out them rather than just blaming the person who have done that. Leaders are the boss but that doesn’t mean that they should be source of knowledge.
Ø Leaders celebrate :- All the major achievement the managers should celebrate and all the pat on the back should be broadcasted on major various platform, this would make employee more valuable in the organization.