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Browse every published article connected to Ganesh Babu, with exact attribution and full-archive search.
Articles
Browse every published article connected to Ganesh Babu, or search within this exact expert archive.
“Be happy with what you have and are, be generous with both, and you will not have to hunt for happiness.”--William Gladstone One of the means of being happy is to be always in generous mindset. By definition, generous can be explained as “freely giving or sharing money, time, knowledge or any valuable resources of yours to others”.r
Most of the small and medium organization (SME) wants to transform the organization for breakthrough growth. Breakthrough growth happens only when there is radical thinking and execution happens on the way it does business on a daily basis. The person at the top thinks that people working for them have to change first for transformation. However, the truth is first the leaders have to change their mindset, beliefs, and action for breakthrough growth. Transformation starts within or from inner to outer world.
Mahatma Gandhi quoted “If I have the belief that I can do it, I shall surely acquire the capacity to do it even if I may not have it at the beginning “. That is the power of belief. Belief can be defined as the feeling of conviction about anything. It is the assumption of the fact which may be true or false. It can be imaginary. It seems to be logical and correct. But the fact is that belief can build up or destroy one’s capability.r
Generally, in our country, we are associating our identity based on our profession. You might have come across retired people also cherish and claim their status based on past professional accolades or achievements only. Even we introduce ourselves to others by quoting what we do. That is inherently we perceive job is essential for self-identity (saints or philosophers are exceptions!)
In personal and professional life, most of us are struggling to manage the expectation as we have limited time and resources. On the personal front, there is a need to manage the expectation from SELF as well as from family members. In the professional front,there is a need to manage the expectation from bosses, subordinates, peers and in business environment, there is a need to manage the expectation from customers and other stakeholders.
Getting into business is relatively easier than running it successfully by fulfilling all the stakeholder's expectations.It requires disciplined approach in managing business processes. As we witness in most of the small, medium size organizations, the business head seems to be busy in managing the business outcome, but with little focus on the business performance review.Despite multiple priorities and engagement with different stakeholders, the business head must do some important ritual or activities which he can not entirely rely on others.r
During our recent seminar on lean system thinking and its effect on business profitability to SME’s CEO gatherings, some of them had raised queries about lean, lean manufacturing, cultivating the lean system thinking in an organization, etc.While appreciating their queries, we realized that most of them are misconception about lean system thinking. Some of the misconceptions and the clarity, which we had given to them, listed below for awareness purpose. • Lean means cost cuttingr
The purpose of any organization is to enhance the value to all stakeholders. The stakeholders can be customers, employees, suppliers, financial institutions, Government, and statutory regulation bodies, and so forth Even though the value expectations of each stakeholder are different, it can be met only when the business is creating SURPLUS in the form of PROFIT. The central challenge for business is to generate profit in a sustainable manner irrespective of outside factors like competition, macroeconomic condition, supply demand balance etc.r
Whenever we ask this question to business heads, most of the business heads connect to profitability. If the profitability is moderate or positive, then they think that they are managing the business effectively. Of course, profitability is one measure of business efficiency, but that alone does not indicate the management effectiveness. Consistency, increasing trend percentage of profitability is a function of managing many parameters effectively.
The purpose of any organization is to enhance the value to all stakeholders. The stakeholders can be customers, employees, suppliers, financial institutions, Government, and statutory regulation bodies, and so forth Even though the value expectations of each stakeholder are different, it can be met only when the business is creating SURPLUS in the form of PROFIT. The central challenge for business is to generate profit in a sustainable manner irrespective of outside factors like competition, macroeconomic condition, supply demand balance etc.r
As we are working with more SME organizations, we are observing two types of business heads or owners.One type of business owners involves themselves almost full time on managing all aspects of operational activities on a daily basis and not giving much focus on the business aspects of profitability and growth.The other type of business owners or heads delegates entire activities to be professional and not much familiar with business aspects. In both types of personalities, we see benefits and drawbacks as well.
From customer's perspective, Lead time is the time taken between customer placed the order for product/service and the time the customer received the product/service. This lead time may be further broken down into supply lead time, manufacturing lead time, distribution lead time and so on. Those classifications are internal to the organization, and the business head must focus on to reduce the overall lead time continuously. Why lead time reduction is an essential focus for the business/business head? Lead time reduction is important from four perspectives.
As we are working with SME's on improving profitability, one familiar pattern we are observing in most of the organization. Even though, the team puts effort to maximize the plant utilization as much as possible by producing all SKU's(varieties) and at the end of the day profitability is in red or not as per desirable percentage. This type of scenario is prevalent in a manufacturing system which follows "High Varieties, low volumes, and dedicated or fixed facility." (Sometimes the team struggles to maximize the output due to forecasting error, changeover and priority clashes)
Being in winning mindset is a quality of highly successful people and it is required to be happy always irrespective of the exte al environment. Being in winning mindset is fundamental for learning all experiences and achieving success in life.This is something making the ground clean and fertile, so that any new seeds can be planted and fruitful results can be attained.But in reality, there are some hindrances to being in winning mindset always. First, let us aware of winning mindset now and then address the obstacles.r