Business to the Buddha

Tag: dependent co-arising

  • “Social Strategy” – a step in the future!







    A couple of days back I was on Facebook. Yes it happens when you are too occupied with work and commitments are such that you are socially cut-off – even if you do not want to. I checked Facebook update of one of my friends – Nishant Jain, a Supply Chain specialist with HCL – “Outsourcing is dead. Co-sourcing is the only way to go” by Vineet Nayar. This comment of Mr Nayar and subsequently sharing the statement by Nishant makes an statement that we are going to grow together, there is no other way out! I wrote on this earlier – Collaboration in logistics… What we call competition or what we see as “servicing clients” is actually helping client perform their duty better and there needs to be more ‘open-ness’ and involvement in what service/product we are offering. I started writing my blogs with the same concept (Refer – Why this title?).

    …“When Ferrari and Honda run on the racing track competing for the first spot, they are not eying at the first spot, they are racing to offer best product to their customers.” The Buddha’s teaching on ‘Dependent co-arising’ teaches me this. “Each one of us is a rung of a ladder to the other and vice versa, hence for self development and moving higher up, one’s ladder should be strong enough, even one’s competitors.” I believe this will be the extension of P&G’s present approach of Connect & Develop in future; working on various fronts with the competitors such as IPR – strategically innovating – besides others…

    I requested Nishant that would it be fine if I refer you in the blog? He is kind enough to say yes. Around the same time, when I was drafting this blog I happened to read an article in McKinsey Quarterly – The social side of strategy.  This article, Nishant’s facebook update and my owns earlier blog connected all the dots. I could see the relationship between Business and the Buddha in another dimension yet again.

    According to the McKinsey article companies are trying their hands on social strategy. Further it states that such strategy planning efforts would be more inclusive, action oriented, detailed and of course measurable. The other advantage of such efforts would be enthusiasm people would have; it would provide ownership to the execution. The reason for these strategic initiatives to be far more measurable is that these would increase accountability. Everyone in the organization would review progress of each initiative resulting in improved quality.

    Effectively, we are moving toward a more inclusive society and more inclusive organizations. Caution – the idea of open strategy or social strategy is to provide a platform to the organization for brainstorming, yet the whole idea is not yet completely evolved. So, companies need to open up slowly in some regards such as intellectual property.

    As Indian philosophy states – Vasudhev Kutumbakam (one-world family), I sincerely hope to see that happening.

    I would continue this in future blogs, too. Until then thank you for reading.

  • Pulse polio and dependent co-arising







    Its been three weeks I did not write anything on blog. I felt as if I am not doing justice with my blogging. However, I was too busy with work and therefore could not fulfill this commitment. This passion when put on hold by professional responsibilities, I can understand how difficult would it be for us to think of some lesser important things which may hamper our personal life. Well, whom to apologies for this – to myself?

    Since 1995-96 India is on a mission – Remove Polio from India. I remember I – as a student – had to participate in a speech on the same in 1995-96. Daughter of one of my acquaintance herself went to a stall of Pulse Polio mission and got administered these drops (she was quite adventurous!). This mission is still running, apparently every year February to April the activities are quite high. Last Sunday my niece was administered these drops. This initiative made me think.

    I remembered my MBA class of economics. In that class Prof asked – what if I alone have a Fax Machine in the whole world? There is no use of such device when one cannot send or receive faxes, right? I tried extended this concept of network effect on the Polio issue. Even if a child is left without treatment for polio chances are that the decease may extend to coming generations. I could also connect this network effect and treatment of polio to interdependent co-arising. Needless to say, Polio virus would not see if a child is born rich or poor, belongs to which caste, color or religion. Therefore, the important thing is – we need to help each other as a society and get rid of things such as Polio or let us go beyond Polio – corruption, greed and selfishness etc etc. Because we are all connected to each other.

  • Collaboration in logistics and supply chain management







    We all are on a path of evolution. We evolve, systems evolve, technology evolves… everything evolves.
    We were discussing in supply chain management, how cost can be reduced, how inventory is managed and how transport can be efficiently managed. The part which attracted me to write that here is ‘collaboration’ amongst distributors, suppliers, transporters and businesses. Resources are pooled and thus efficiencies are improved by collective transportation.
    Our professor suggested to us that until two decade back organizations used to have many suppliers in their procurement database. Reason – companies were Price sensitive. Slowly companies switched/switching to single or less suppliers. Even the quality management of supplied material is also moved to the supplier. I think that is called supplier development (evolution of suppliers). The reason to do this is supplier and the manufacturer is working in unison and both have incentive – growth. I reflected on the concept of interdependent co-arising, together everyone grows. When the costs are controlled with better quality, this could be transferred to the customers, and companies can become more competitive. Further, this process helps everyone – supplier gets business (helps his employees), companies get better cost control (more profit) and customer gets quality at economic pricing.
    This blog is going through its third update. There were few examples I missed earlier. I found in my diary one was – a manufacturing company started buying steel from the steel companies not only for itself but also for its suppliers. This gave the company – good quality and competitive pricing because of volume buying. We have evolved and so the businesses consider suppliers as partners in business. Therefore, businesses partner with supplier and rely on them.
    I was asked by someone; prove this in practical life that businesses are using Buddhists concepts. I said many times businesses are using that, however unknowingly. This idea was again a concept of interdependent co-arising.