balance, balancing act, Brand, Business, fruit will arrive in its season, Long term, marginal cost, marginal profit, marketing, Operations Management, Prof Boman Moradian, Prof Harkant Mankad, Short term, The Buddha
The class was nostalgic, remembering the last couple of days of sessions of Operations Management with Prof Moradian. Today we were attending his last session of Operations Management. We all enjoyed each session, the quick wits and learnt a lot. We were attending his last session and thus all that was coming to an end for Operations Management.
That session was very special, I could still hear his one statement very clearly that – “…in your career whenever you have to take any decision, always do what is right for your company in long term…”.
When I recollect those words from Prof Moradian – “… do what is (make decisions which are) right for the company in perpetuity…” that makes a lot of sense to me. That one statement made me speak couple of tough truths in my career, but it feels good when you consider big picture vis-a-vis to your personal interests.
An organizations need to learn the art of balancing between the short term sustainability and the long term growth OR short term profit and long term uncertainty. In current economic scenario short term sustainability seems the way to survive, let alone long term growth or profit for that matter. Message seems clear to me – Do what is right for the company in perpetuity.
Actually this statement equally applies to each individual in life too – we should do whatever is right for us and others – IN PERPETUITY.
Related blogs –
Balancing Act – Professor Mankad shared this story of Balancing act with me earlier.