Business to the Buddha

Tag: economy

  • Solutions…







    The security guard welcomed with this question साहब, आज रविवार है! आज दफ्तर मैं? (Sir, its Sunday today! You came to office?)

    With a sigh I looked at the guard, asked him if someone is around ask him to give me a cup of coffee and some water. I’d not tell him – my wife and I fought, nothing new happens in almost all families. We were struggling with our personal relationship and there came another dispute of her relatives and my relatives. I could not stand that problem, came to office thought it would be a change and I can catch up with some of my deliverables.

    Neither coffee came nor water, it made me little annoyed adding fuel to fire. Well, I understand office boy was not in office on weekend. A couple of days went by, same thing happened next weekend. Again no water or coffee came in. Now I was very furious. No solace here too. I decided to join our office’s team which has organized a recreation trekking event the next weekend. My wife wanted a change she had already gone to her parents home.

    For a first timer like me the trek was tough. An accident happened and I sustained fracture and few bruises. I had to spend some days in hospital. My wife rushed to the hospital however there were same issues at the back of the mind. Those few days at hospital gave me time to think.

    I was running away from problems. I avoided one problem, just to meet with another. Running from this other problem, ended up in being hospitalized.

    How often this happens that we run away from one problem instead of solving that problem, just to bump into other. Solutions require patience and a serious thought. Why the problem occurred? What are the possible reasons, can we fix the reasons? In Operations Management these fixes are called – preventive actions and corrective action. According to ASQ corrective action deals with a nonconformity that has occurred. A preventive action addresses the potential for a nonconformity to occur.

    I observe short term quick fixes – patchwork (in Hindi – थूक पट्टी) everywhere. Look at the reaction to 2008 financial crisis. We should have strictly handled the responsible however some of the culprits made millions and left the world tattered. No action taken against them. We’re fixing the economies by pumping money, those who could not game the system earlier, came and made their millions. Now once things seem hunky dory, QE may going to put us back in trouble.

    The solutions we device in our desire for quick fixes are – avoid the problem. The same happened in above example at micro level, same is happening at macro level in national and international levels.

    Post Script – Author is unmarried. Story narrated is a work of fiction, any resemblance to living/dead is merely a coincidence.

  • Inner revolution







    Recently heard that UK has declared recession, Spain and Italy has done so earlier, Greece has once voted against the austerity measures and Sarkozy is no more French president – which is a dent on austerity measures of Eurozone. This is the story of Euro! USA employment numbers are not that encouraging, employment should be about 250,000/month however last time I noted it was 150,000 or so. China showed reduced production and Indian GDP is down.

    The picture looks gloomy, however have you seen importance of stars during full moon?  No! The importance and glitter of stars is prominent during darkest of nights. I believe this tough economic time is hinting of such nights when we would realize the importance of small things which impact us in big way. Take an example corruption! Take an example Greed! Though it seems a lesson on moral science but what else we are saying when we talk about the “Moral Hazard” as the biggest reason of recession and financial turmoil! In Indian context we need to work on reducing corruption (byproduct of greed) which is the biggest moral hazard here. In Europe and US Greed is the problem.

    I asked myself – are we going to see a revolution in the world? This revolution I believe would be on a tangent – it would not only happen in the society, not only by the society but also it would happen on the self! We have seen societies changing, cultures evolving  however these changes die down slowly and moral hazard starts again.

    Guruji

    I was attending an Art of Living (with Guruji :)) session today and the idea of ‘inner revolution’ stuck to me at that time. This makes a perfect sense – if everyone becomes righteous, we would not need to change the society, it would change itself.

    We need to get ready for inner revolution and help change the world for better today and tomorrow! Remember this would start from each one of us.

  • Where is growth?







    The mobile was ringing, suddenly phone was picked and the statement – wait! Mumbai Indians needs only 5 runs to win in last 6 balls. I said ok Sir I will call you in five minutes. The turmoil of thoughts continued in my mind. What am I thinking, what are the questions in my mind, so many things how do I connect all these dots etc. Mumbai Indians eventually won, Prof Mankad informed me in next five minutes.

    We started talking – the market is steady, if not bull than not bear too. Indian Prime minister and Finance minister both are making statement that “We are going to grow at 6.9% if not at 8%”. Still, there is some uncomfortable feeling. I told Prof Mankad, “Sir I am not convinced. Further to it I said – news is Facebook is licensing the AOL patents – owned by Microsoft now – for close to 550 million. Next thing which I forgot to ask him was – news of bribing in Mexico by senior executive of Wal-Mart. Wal-Mart was running behind growth – sometimes in 90’s – and got in this trouble recently when the case was surfaced. I further added that Italy and Spain are showing -ve growth (to be precise signs of recession), where is growth?

    As always these questions were simple to answer for Prof Mankad. What he said very closely resembled to my thinking of inclusive growth. He said – hold your horses, the questions are right, this growth is notional and specific to IT and finance industry, largely to few services industries so to speak. The questions are pertinent, sir said. If I remember correctly he also informed me that Italy not only Spain has declared recession, French election would surely put more light on the already tough Euro crisis. Sarkozy is likely to lose, and then there are more elections coming up in Europe e.g. Germany etc. Political parties in Holland have agreed on austerity measures. Growth would happen and thus recession would be arrested only once we see growth in all the industries otherwise we are in a bad shape. It is not possible to say that we are growing at so and so rate when only one or two industries are showing signs of growth.

    This reminded me of my most loved theory of the Buddha – Interdependent Co-arising. I have written on this often and the current situation shows us yet once again that we are all connected, nothing can be isolated and growth is a collection of small growth in each industry. Each industry is a building block for the overall movement of the engine of economy world across (with few riders). No China can survive without US or Europe, no India or Philippines can grow its service industry until there is overall growth in the demand of service industry in developed nations.

    Where is growth? There would be growth when we all learn that we need to think about each other and help each other grow – we are all interdependent and we would successfully grow only when we grow together.

  • Interdependent co-arising – a farmer’s example







    Recently Dr Raghunathan shared a link of his interview with Wharton with me We are individually very smart but collectively dumb. The very first paragraph of the interview has an example of a farmer. A farmer whose corn won top awards year after year. When a reporter asked about the secret of his success, the farmer attributed it to the fact that he shared his corn with his neighbors. Why, the reporter wondered, would the farmer want to share his seed when those neighbors also competed with him for the prize? The farmer’s reply was, “The wind picks up pollen from the ripening corn and swirls it from field to field. If my neighbors grew inferior corn, cross-pollination would steadily degrade the quality of my corn. If I am to grow good corn, I must help my neighbors do the same.”

    I am writing time and again on interdependent co-arising and how it applies to businesses, I think this small story on BUSINESS – a winning business – states a lot about ‘interdependent co-arising’. This example applies beyond India, the long term gain for world economy would be working on the concepts of interdependent co-arising.

    Related blogs on interdependent co-arising

  • God be the CEO!







    From The book of Mirdad –

    God is your captain, sail, my Ark!
    …
    Love is your compass, ply, my Ark!
    …
    Faith is your anchor, ride, my Ark!

    Today I was wondering about what if the world is an organization and the God is the CEO! What would be the situation, in the boardroom and what must be going through His mind?

    Situation – the countries and continents are a department each. There is a cost center – USA – this department is in debt and there seems to be no way out for it to survive. The likely other cost center is the EU – European Union. Operations and manufacturing unit is China. Parts of Middle-East and India a chaotic department wherein the left hand ‘does not know‘, ‘does not want to know‘ and ‘does not want to support‘ what the right hand is doing. The chaos is such that the department is rather a destruction center, not even a cost center. Only good department seem to be Africa and the South East Asia region. Would the CEO resign? Or He would dismiss few those who are responsible for this. For namesake – Former president of USA George W Bush (he forced the world to a war – to me which was unnecessary – the Iraq war), Gaddafi, many politicians including Indian politicians, leaders of the terrorist organizations (Osama is already dead) and those others who are the culprits.

    Keep aside the joke of the God being the CEO. Do you think that the situation is really dire – accounts (economy), production and administration everything is in a chaos. If yes, do not you think that it is our responsibility to improve everything round us. Should one take life of the other in the biggest organization – The World? (terrorism). Should one be corrupt in the organization where her/his family will also be at the receiving end? (India). Should one produce products which could be contaminated by Lead (China – some toys), be prone to fail and take life (cars)? Should one be so extravagant that the whole organization is under debt because of that department? (USA).

    Even if we still continue thinking the God be the CEO, would not the CEO want every employee to do his/her job responsibly, be moderate and ethical? Let us hope that the CEO succeeds in his mission and vision of making the organization profitable with the triple bottom-line and make it an ethical organization. With that hope what we need is ‘responsible we’ – each one of us – and committed employee to make the organization a better place.

    Note – those who are agnostic, for the time being consider God exists. Or do not read the blog, or shoot your concerns/comments. Even if we do not want to consider God be the CEO, I thought about another philosophy from India – ‘Vasudhaiva Kutumbakam’. It means that the whole world is one single family. Would you kill your brother or sister, would you do something for which you may have to feel sorry in your family?

  • The Middle Path







    I was thinking about the change happening around us on a daily basis. On a lighter side – roads of Mumbai with so many potholes. Well, on a serious note the economic situation in USA, changing thought process of middle class Indian etc etc. Keeping so many thought aside and together what I was thinking to write is about the middle path suggested by the Buddha.

    I believe the challenge economies are facing and have faced are because of their lopsided strong stance. USSR failed (various reasons) one reason was strong rooted socialism. USA is facing great challenges one reason – blind faith in capitalism. I see the good part of Indian economy is balance between socialism and capitalism e.g. public private partnership. The message I see is – there has to be a balance. The balance is needed on various fronts such as the one I suggested earlier e.g. controlled aggression in earlier blog on Balancing Act.

    When I think about following the middle path, I see many avenues for the same in our daily life, in our profession. Think of emotion and logic there has to be a balance. If one is too passionate about something, it may turn into obsession which may be harmful. There is a thin line difference between being a Courageous person and being a foolhardy. Balance between work and life. There are various personality type that need balancing.

    Further, I thought about Prof Lopez and my class of Marketing and his advise to me. I realized – what is required is an accountability when any Marketing activity is pursued. I heard someone saying that Marketing is a bottomless pit. Now – and in the future – there would be a great demand and pressure on Marketing departments for controlling the expenses and achieving the results e.g. Return On Marketing Investments (ROMI). This would require a balance between Marketing analytics and creativity. Message should be conveyed creatively yet keeping the returns expected and doing a first hand analytical research on the ROMI.

    Net net, we have to follow or learn to follow the middle path – economies, Governments, businesses, society and individuals. Isn’t it?

    Related blogs – Irony! Balancing Act and Cause…