Showing posts with label MBA necessary. Show all posts
Showing posts with label MBA necessary. Show all posts

Sunday, October 12, 2008

Management Lessons From A Roadside in India

Management through common sense, Dew Drops, Ravichander Rao

Management at a very high level is, providing a guiding path using ones common sense. The common sense, so to speak is not a generally known to everyone, though it is freely available. Only a few people discover or become aware that common sense is freely available, and it is for us to obtain it. There are various ways to acquire common sense - reading books, going to the school, experience in lifetime, and by observation. Of all the four, observation is the least exploited method, though it is the most powerful. The power of observation lets a person to bring learnings from superficially totally disconnected things. For instance, the Shinkansen's (Japanese bullet train) cockpit was designed based on the kingfisher's beak to improve the aerodynamics. There are many more such examples. If you are more interested, then watch this video on Biomimicry by Janine Benyus <<http://video.google.com/videosearch?q=Janine+Benyus&hl=en&emb=0&aq=f#>>

Most of the common sense can be learnt by observing people on a roadside in India or watching traditional home. Most of the presentation skills can be learnt by observing how a grandmother tells a story without any slides. Inotations, rhythm of the voice, hand gestures, conviction...all are used to make the story so compelling that kids and adults both want to listen to the same story again and again. Ram Charan the management guru mentions in his book - "What a CEO wants you to know" that he learnt balance of volume and velocity for making profit by observing the vegetable vendors of India. There are other interesting examples along these lines which I would like to share with you.

The balloonwala or the person selling balloons offers one of the best lessons in running a business that no other book can teach. His customers are young kids whom he can sell only by attracting their attention and offering their parents a bargain. His tools are balloons of various colors and shapes, his imagination and a few side skills - such ability to play flute and casual conversation. He creates various colorful forms utilizing the fully inflated balloons. Some are shaped as a flowers and some are shaped as swords, using some round ones, a few long ones, a heart shaped, etc. Then he walks on the streets, stands in park and in a crowded area, and plays nice music on his flute to catch the attention of the children.

The balloonwala is a CEO of an organization. Metaphorically, the balloons of various shapes and sizes are his resources, flute and color of balloon are his marketing tools, how many forms and how many numbers he makes is the manufacturing, locations where he stands are places/market, various forms he creates are the products, the children are the direct customers and parents the sales department. The balloons come in different shapes and sizes are the people with different skills and attitudes, they need to be managed and valued for the unique strengths that they bring to organization. If he employs all round ones or all long ones, or if wishes to convert all the round ones to all long ones or vice-versa, he cannot create the forms/products he desires to. This will lead to business collapse. Without the skills in flute playing or without multiple bright colored balloons, his ability to attract children will be limited. If stands in a remote corner he cannot make any sell. Even if he does all of this correctly, he still cannot sell a balloon, if he cannot negotiate a bargain price with their parents. Most important of the all, he needs to ensure that he makes right amount of products so that he can suistain the product to its full potential (keep them fully inflated) and also make profit to take away to his home. Now think about it, who taught the balloonwala all these things? For him this is a common sense, but in the business school - it is management lesson on product, place, pricing and inventory management.

There is one more mataphor - driving a vehicle, which provides me a great insight. While driving a car, one has to follow the rules of the road one is driving on. The roads in India can be crowded and chaotic for someone who is driving there for the first time. But for the daily commuters, it is a normal traffic, and they know how to wade through it. The drivers in India are so successful at it because they understand the human behavior or response to the other persons' action. This helps them in avoiding accidents. While traffic in the US is so fast paced that one would think there would always be accidents. In both the cases, the systems have evolved so much so that, there are not accidents every minute, which one would not expect in such systems! The drivers in the US follow the strict driving rules to avoid the accidents. These two different driving conditions are the two different business environments or cultures. One must learn how to wade through by understanding the differences.

Saturday, April 05, 2008

Is MBA necessary?

Is MBA Worth It? Should I do MBA? Who Should Do MBA? Dew Drops, Ravichander Rao

Is it necessary to get an MBA degree to get to the position of CEO? I believe this question summarizes what I have been trying to answer to figure out. Every time I consider the MBA option, I search for answers to very fundamental questions - what specialization, can't it be learnt or acquired, is management about a degree, what traits are required, and what do I expect my life to be after MBA? Additionally, considering the expenses, motivation and time that will be required to get the degree, the task is daunting, and I am convinced that the timing has to be right.

First things first - why I need MBA and what do I want it to do for me. I have tried to answer these for myself by talking to a few trusted people, reading books, searching Internet, and some by pondering over the daily experiences, but haven't been able to convince myself to commit to MBA.

First of all the cost associated with the degree is humongous. The first 5 years will be spent on breaking-even and the next 5 years will be spent on making up for the lost savings. Does this mean more work and more stress, and less time for oneself till one break-evens? This is the most draining thought.

To figure out if this knowledge can be acquired by reading, I have tried to search the available literature and landed on something called as a personal MBA. This is school of thought suggests skills and knowledge acquired in MBA programs can also be acquired by reading books from certain categories. More details could be found here http://personalmba.com/manifesto/

But the best advices and thoughts as usual come from people who are there where you aspire to be and they have done it themselves without that degree. I have been lucky to encounter such people. Their advice is very practical - MBA is probably the last resort, there is nothing to do after MBA, so do it when it is absolutely must. And, before MBA should happen one must understand that getting into management requires personality overhauling. One must learn to lead, articulate thoughts, face and work with the conflicts, find opportunities that enhances business prospects, etc.

The more I ponder over this, the more I feel - it has to wait for a while...If I am able to do all of these without going to the MBA program, then why need an MBA degree?

My after thoughts having an MBA degree are here:  http://ravijrao.blogspot.sg/2012/07/is-mba-necessary-post-mba-thoughts.html