Executive M B A-Structure and Content

 M.B.A program is designed to provide a good exposure to the students in general management and academic background in all the functional areas of management.

In the latter part of the program, specialized courses are offered in different functional areas, which the students can select as per their own plan.

 

Support courses in Business Economics, Corporate Strategy, Business policy and Statistics are also offered.

An emphasis is laid on teaching through case-studies and role playing so that the sessions are interactive and participation of the students is ensured.

 

The course structure and content are broadly detailed below for familiarization. Some variations may however be there from one institution to another.

 

Semester-I                                                            

 

1. Management Principles and Practices

2. Managerial Accounting

3. Quantitative Techniques

4. Organizational Behavior

5. Information Technology

6. Business and Economics

 

Semester-II   

 

1 .Marketing Management

2. Human Resource Management

3. Financial Management

4. Management of Manufacturing Systems

5. Business Research

6. Operations Research

 

Semester-III

 

1. Project management

2. Project Work

3. Specialization Courses from each group-Two courses

4. Specialization courses from the other group-Two Courses

 

Semester-IV

 

1. Corporate Governance and Corporate Social Responsibility

2. Strategic Decision Making

3. Project Work-Two projects

4. Specialized courses form any of the groups-Two courses

 

Specialized Courses-Marketing Management

 

1. Marketing Research

2. Advertising and Brand Management

3. Sales and Distribution Management

4. Customer Relations Management

5. Consumer Behavior

6. Marketing of Services

7. Retail Management

8. International Marketing

 

Specialized Courses-Systems Management

 

1. Web Technologies

2. Knowledge Management

3. Relational Database Management Systems

4. Systems Analysis and Design

5. Decision Support Systems

6. Enterprise Resource Planning

7. Business Data Communication

8. Strategic Information System Planning

 

Specialized Courses-Human Resource Management

 

1. Industrial Relations and Collective Bargaining

2. Human Resource Planning

3. Organizing and Managing Performance

4. Learning and Development

5. Wage and Salary Administration

6. Cross Cultural Human Relations Management

7. Team Building and Leadership

8. Organization Theory and Design

 

 

Specialized Courses-Financial Management

 

1. Cost Control and Analysis

2. Investment and Portfolio Management

3. Financial Derivatives and Markets

4. Management of Financial Institutions

5. Financial Risk Management

6. Mergers, Acquisitions and Takeovers

7. International Finance

8. Financial planning and Control

 

Specialized Courses-Operations and Manufacturing Management

 

1. Technology Management

2. Quality Management

3. Supply Chain Management

4. Manufacturing Planning and Control

5. Operations Management

6. Materials Management

7. Value Engineering

8. Competitive Manufacturing Strategies

 

Arun Vedhera

Posted in Career Zone, Management Zone | Leave a comment

Planning and Preparing for MBA Admissions

First of all one must be clear about an M.B.A Program, i.e. what is it all about, its relevance and then decide about going in for it.

M.B.A is a ‘Masters’ program, which prepares students for various functions and positions in the ‘Business World’.

For details read the article ‘Relevance of an M.B.A Degree’ written by me, for acquainting you with the program and the business activities.

 

Why do majority of students and practicing executives join an M.B.A program?

 

  • First and foremost for getting a good job with a decent remuneration.
  • Since the Business activities sphere is very large and diverse, there are many career options and job opportunities for the job seekers.
  • Students with diverse academic backgrounds are eligible for admission and there is no bar for any graduate student, with sound academic credentials.
  • A management career appears to be attractive and glamorous.
  • Students with specific interest in and passion for self-entrepreneurship can learn a lot about ‘Business Management’ and can arm themselves with sound and relevant education.
  • Children and Parents from business families are increasingly seeking professional education before entering the family business.
  • It is in vogue and fashionable to acquire and flaunt an M.B.A degree.

 

You have to carefully decide your own reasons for choosing to go in for an M.B.A program. In any case whatever your rationale may be, management education is very stimulating, useful and rewarding.

 

It is recommended that decision to go in for an M.B.A degree should be taken much before completion of the graduate degree or in the beginning of your professional career, in case you want to acquire some work experience before seeking admission.

 

You must prepare a list of the top-10, top-20 Business Schools and others also, alongside their eligibility criterion and the type of entrance examination. Most of the good schools require students to appear for C.A.T and some for G.M.A.T tests.

 

The essential focus areas in which the students are tested are: –

 

  • Command over English language, i.e. expression, vocabulary, precision and grammar.
  • Logical and Reasoning ability- this requires basic knowledge of Math and Statistics, besides of course logical thinking in general.
  • Knowledge about the National and World affairs, specially the current ‘hot topics’
  • Leadership Qualities and Public Speaking prowess, which are mainly tested through ‘Group Discussions’

 

Examination Pattern

 

  • All the written tests are based on multiple-choice type objective questions and are mainly conducted on-line.
  • The ratio of the number of questions to be answered and the time allotted is very challenging, e.g. one has to answer 60 questions in 45 minutes.
  • You cannot go to the next question before answering the previous one as per the latest pattern. This means that you cannot run through the question paper from top to bottom, solving the problems, which are easy for you and go back to the top again for the more difficult ones.
  • The algorithms are continuously redesigned and you cannot predict the positive, neutral and negative marking weightage.
  • It essentially boils down to ‘speed’, thorough preparation with an understanding of the subject matter and a cool minded approach.

 

How to Prepare

 

  • Start working on your language skills and the communication ability. For this you must read a standard National Daily Newspaper and a regular News Magazine on a daily basis, besides any other reading of your choice. This will also increase your awareness about the current affairs.
  • For correct vocabulary, spellings and grammatical usage, consult a standard Dictionary and note down what you have checked.
  • For better-spoken expression, watch a good T V news program conducted by a news anchor who speaks in an easy and accent free tone. This has to be done everyday (the same program).

If you are self-conscious, you can practice by reading the newspaper aloud in front of a mirror for 15 minutes everyday.

  • Commerce, non-medical and other students who have optional math in school and college MUST take the subject, no matter how difficult they find it to be. Others can start take private coaching from a very early stage.

Maximum number of students who qualify are from the engineering disciplines and have a strong math background. The others are well advised not to underestimate this fact and to prepare hard to close the gap.

  • Solving puzzles and participating in quiz competitions will enhance your logical ability.
  • Invest in good standard C.A.T and G.M.A.T preparation books and start taking on-line tests to check / enhance your score.
  • Determine your weak areas and work on them for continuous improvement.
  • Be prepared and open to ask for guidance and help from parents and friends.
  • Join a standard Coaching Program, preferably for TWO years in succession. It should be a physical tutoring program and not a distance learning one for real effectiveness.
  • Check with seniors and friends who have earlier got admission to good business schools and note down relevant points out of their experience.

This list obviously is not complete but is meant to give you a clear idea of how-to-go-about-it.

A word of advice-do not be worried or over-confident. Apart from your inherent talents, serious and focused preparation is required by just about every one. Also you have to not only ‘Work Hard’ but also ‘Work Smart’ to get the most out of your efforts.

Good Luck.

ARUN VEDHERA

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RELEVANCE OF AN M.B.A DEGREE

Master of Business Administration, known in short as M.B.A is basically a ‘Masters’ (post-graduation) course in Business related disciplines. It first became popular as an academic course in the United States of America where the premium universities like Harvard, Stanford and Yale etc. started this program apparently to prepare students for the Business World. It slowly gained worldwide popularity and has now become a very coveted degree.

 

Let us understand some broad facts about this program:

 

  • It is a program in which the academic subjects are chosen from various disciplines, keeping in mind their relevance for the Business World.
  • It is in many ways an inter disciplinary education program.
  • As against learning some tips about business from their parents (as happens in business families, through the dinner time talks or informal coaching sessions by parents) or from actual on-the-job-experience (swimming pool technique-swim or sink) this program aims at providing structured education, which has relevance in the real world of business.
  • It is a ‘practical’ program, say in relation to a degree in arts, literature or science, but it draws upon the body of knowledge from these and various other disciplines.
  • Since it is a post graduation program, i.e. students with any graduate degree scoring consistently good marks are eligible to apply and sit for the entrance examination, in which an overall assessment about their analytical and logical abilities is made in addition to command over English language and knowledge about current / world affairs.
  • Most of the good Universities and Colleges today insist on or prefer a work experience of ‘three’ years before admitting students for this program
  •  Unlike the world of academics, arts, research, law, politics, economic policy etc., any ‘Business’ deals with ‘ products’ and ‘services’, which are  ‘produced’ or ‘structured’ for the ‘Customers’ who pay a consideration (normally monetary) for acquiring the same.

 

What is a Business

 

Any Business activity comprises of one or more of the following: –

  • Manufacturing or Production of Goods.
  • Trading or exchange of Goods.
  • Services like financial, medical, legal and design services etc.
  • Information exchange.

 

 

What Does any Business Deal With

 

  • Human Beings or Manpower.
  • Machines for production of goods.
  • Capital or Finance.
  • Market Mechanism comprising of ‘Buying-Selling’ and all the connected activities.
  • Systems and Processes for managing the above activities.
  • Materials, in the form of raw materials, intermediates and packing materials etc.

 

It is commonly said that any business deals with Men, Materials, Money and Machines.

 

Since this all comprises of a complex set of diverse activities which take place in ‘real time’ these need to be ‘Administered’ or ‘Managed’, for which a formal academic program is of great relevance.

The assumption is that the basic graduate degree in any discipline ought to have provided to the students the ‘ basic mental building blocks’, besides of course specialized training in their chosen field. On this foundation the M.B.A program aims at providing fast track knowledge and information to shape /prepare the individuals for the ‘Business World’

 

The Basic courses are in the areas of Production, Marketing, Finance and Accounting, Personnel Management, Math, Statistics etc.

 

Few Relevant and Interesting Facts

 

  • Any M.B.A program will have students form different disciplines, who have obviously done very well in their graduate degrees and have also scored a high percentage in the selection tests etc.
  • It means a set of good performers, but from different disciplines having different strength areas. For example an engineer will not have any exposure to accounting and an arts student any exposure to math and statistics.
  • Being a ‘practical’ program the teaching methods are interactive and bulk of the teaching is done through ‘ actual business case-studies’. For these one has to prepare in advance and discuss in ‘real-time’ in the classrooms.
  • This means that one has to regularly study, analyze, communicate effectively and gets one’s point of view across, without offending the other fellow student.
  • Besides other skills, it provides great learning in inter-personal behavior, as even the close friends have to defend their own turf. (May be fifty percent marks are based on the case studies and you cannot just be friends only, you have to be ‘fierce, friendly business competitors’). These provide great learning in the human dynamics and also instill a competitive spirit.
  • Since all the students join after a rigorous selection, one is competing against ‘good minds’ to say the least and the peer pressure to perform is intense, as is in the real life also.
  • The program instills ‘Leadership’ qualities and prizes ‘Decision Making’. Since one cannot get away with procrastination, the program prepares individuals to go-ahead based on a set of assumptions and not perfect facts or information.
  • Most of the Business activities deal with ‘Profit’. One has to learn about cost effective production, ability to market the products or services in the competitive environments by creating differentiators for the customer and deal with human beings at different levels.
  •  Just like good results in an examination, good results in terms of meeting the assigned targets of production, sales and profitability are the ultimate barometer of performance in business and one cannot only get away with ‘putting-in-the effort’. All the efforts have to get converted into ‘Measurable Results’
  • Figures or Numbers are therefore important and knowledge of finance and accounts is therefore critical.
  • Most of the business dealings require ‘transactions’ which are contractual and hence knowledge of ‘Mercantile Law’ is required.
  • Business is a team sport or a team activity. One cannot excel as in chess but has to do so as in soccer. This means that your success is co-dependent on the success of people within and outside the organization. One learns to deal with human beings through courses on Personnel Management, Human Relations and Leadership etc.
  • The program aims at building ‘Leaders’ and not ‘Followers’.
  • It also aims at continuously challenging the mind to find solutions to various anticipated and unanticipated challenges (use of the word ‘problems’ itself is discouraged).
  • The M.B.A program has specialized courses in each of the major functional areas after the basic courses so that the students can opt for their area(s) of specialization based on their interest/ capability, gender and above all passion for certain functions or spheres of business.
  • It is a fairly flexible program, which allows you to be individualistic while also helps in developing skills to be team players.
  • It aims at ‘Multiskilling’ more than super specialization.
  • Emphasis of the M.B.A program is on preparing well-rounded individuals with tools and techniques to go into the real business world well prepared and well armed with relevant knowledge.
  • The emphasis on prior work experience is correct as the individuals would have faced job realities after their earlier academics and hence can appreciate the academic knowledge better by relating the same to their own earlier experiences.

 

M.B.A degree is so relevant and interesting that today it is even being sought by doctors, architects and lawyers who could earlier not relate to its practical significance and utility.

So Go-ahead and join in to take on the Business World. Happy innings!

 

ARUN VEDHERA

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The Thought Process

 

 

Our thoughts shape and govern our actions. Human brain is a complex but most effective computer, which even the best and fastest chips cannot match. The chief differentiators are its ability to THINK and then lead us to action.

While our thought process is shaped by many inputs, which continuously stream into our conscious and unconscious brain segments, one simple thing to be understood is that our total personality, actions and the state of being is resultant of our thoughts.

 

HOW THOUGHTS ARE FORMED?

 

  • A newborn recognizes touch, smells, sounds etc., which are all stored in the human computer, its brain.
  • Children watch and hear their parents.
  • They recognize the warm touch of their mothers, even with their eyes closed.
  • They note the body language of the family members, sense of well being in the household (or otherwise), the content and tone of conversation of the parents, their behavior with each other.
  • The spoken advice and the actual actions of parents are noted and stored-are these in consonance?
  • The customs, rituals, prayer (faith in God or otherwise), attitude towards work, material and monetary issues and their handling leave a profound impact.
  • The personality, attitude and knowledge of the Teachers and their sense of commitment create a major impact.
  • The peer group behavior, the social milieu (urban vs. rural, affluent vs. poor neighborhood) and numerous other societal inputs are stored.
  • The literature read and the entertainment visuals watched all have a role to play.

 

By no means is this list complete as THOUGHTS are formed and stored on a dynamic basis in the human mind. Certain special events, especially traumatic ones do however leave a long-term impact. These thoughts over time are stored in the subconscious brain and have a bearing on our behavior.

 

OUR THOUGHTS GOVERN OUR ACTIONS.

 Most of us want to behave well with others and also want to feel happy. Why is it that we actually behave differently and also feel unhappy or miserable most of the time?

It is because our own behavior towards others and our expectations from them are not in consonance.

 

For Example: –

  • An individual who does not respect the life partner expects respect from the other partner and the children.
  • A foul mouthed and self-serving boss wants to command loyalty of the subordinates through sheer authority.
  • An angry person wants to feel cheerful as well.
  • A person in the habit of blaming everyone and everything for his life’s woes cannot enjoy even what he has.
  • A Teacher who is not committed to his profession wants to train good dedicated students.

 

If our Personality and Behavior are governed by our thoughts, many of them formed as a result of inputs received in the childhood or while growing up, some of them even painful or traumatic, can we do something to change the BRAIN’S MEMORY or have to live with it as such?

Good News is that the MEMORY can be almost completely re-written and we can do so OURSELVES. The process might take time and patience but the TASK IS DOABLE and the effort is worthwhile.

 

CONCLUSION

 

We are what we are because of our THOUGHTS and need to recognize this fact. We can CONTROL the THOUGHT PROCESS and also RE-WRITE on our stored thoughts.

HAPPY THINKING!

 

ARUN VEDHERA

 

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Wellness Thoughts-Compilation-I

 Thinking positively and acting on good constructive thoughts opens the path to our WELLNESS, which at best can be described as a state of mind.

Here is a Compilation to help you in rediscovering yourself: –

 

  • Thank God for what you have, Trust God for what you need.

 

  • God always gives his best to those who leave the choices with him.

 

  •  Man looks at outward appearances but the Lord looks within.

 

  • Anger is a condition in which the tongue works faster than the mind.

 

  • You can’t change the past, but you can ruin the present by worrying about the future.

 

  • If you fill your heart with regrets of yesterday and the worries of tomorrow, you have no today to be thankful for.

 

  • Love and you shall be loved.

 

  • All people smile in the same language.

 

  • The hug is a great gift…one size fits all. It can be given for any occasion and it is easy to exchange.

 

  • Everyone needs to be loved, especially when they do not deserve it.

 

  • Laughter is God’s sunshine.

 

  • Take time to laugh, for it is the music of the soul.

 

  • Everyone has beauty but not everyone sees it.
  • The real measure of man’s wealth is what he has invested in eternity.

 

  • The choices you make today will usually affect your tomorrow.

 

  • Patience is the ability to idle your motor when you feel like stripping your gears.

 

  • Love is strengthened, by working through conflicts together.

 

  • Harsh words break no bones but they do break hearts.

 

  • The best thing the parents can do for their children is to love each other.

 

  • To get out of a difficulty, one usually must go through it.

 

  • We take for granted the things that we should be giving thanks for.

 

  • Love is the only thing that can be divided without being diminished.

 

  • Happiness is enhanced by others but does not depend on others.

 

  • Do what you can, for whom you can, with what you have, and where you are.

 

  • The happiest person does not have the best of everything in life. Perhaps he is just good in making the best of everything that life brings along his way.

 

 

A small poem can be your stimulant: –

 

Your Heart is your Love,

 

Your Love is your Family,

 

Your Family is your Future,

Your Future is your Destiny,

 

Your Destiny is your Ambition,

 

Your Ambition is your Aspiration,

 

Your Aspiration is your Motivation,

 

Your Motivation is your Belief,

 

Your Belief is your Peace,

 

Your Peace is your Target,

 

Your Target is your Heaven.

 

 

CONCLUSION

 

STAY HAPPY ALWAYS!

 

 LOVE AND PEACE.

 

Compiled by: –

 

ARUN VEDHERA

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Career Preparation and Planning-Part III

 There are some fundamental pre-requisites for success in your career, irrespective of the choices you have arrived at. These need to be understood well.

 

1. Good Communication and Expression.

 

  • These are not only critical but can make a great difference towards your success.
  • For being able to express yourself well, you must understand the power of the language and work towards enhancing your abilities, both towards the written and spoken expressions.
  • You should be well versed with Hindi and English, besides your regional language.
  • In today’s global world, language binds us all.
  • You would have read or heard that one of India’s competitive advantages in the global trade with other nations is our command over English, which has today become the link language all over the world.
  • At the same time Hindi as our National language makes the interaction possible with people amongst our different states and regions, where many languages and dialects are spoken.

2. Express yourself clearly, without choosing complicated and big sounding words or jargon.

 

  • If you are shy or in confident in front of others, read a good newspaper loudly alone in front of a mirror for 20 minutes every day till you feel confident in expressing yourself freely in front of strangers.
  • Watch a good news program on the T.V every day for 30 minutes and try to follow the diction of a good newsreader (preferably the same one every day)
  • Read a standard news magazine on regular basis.
  • Speak to your parents and friends in the language they use, with confidence and clarity.
  • If required you can read a good primer like the Rapid-ex English course and join a good language coaching school to enhance your abilities.

3. Write small notes /articles in Hindi and English twice a week and show to your parents, teachers and friends whom you trust and use their feedback to improve. This should be done on regular basis.

4. Do not feel shy in admitting that you are trying to improve your expression.

5. Converse with your friends on the phone in a clear voice and with proper expression.

6. You can follow the same policy in your Internet and e-mail communications, by not going for the abbreviated expressions and use full form.

7. This will allow you to keep talking or writing to your friends and at the same time enhance your abilities.

8. Continue doing this till it becomes a second habit. Apart from improving your language and expression, this will increase your self-confidence and also provide you with updated information on the current affairs.

9. Clarity in your verbal expression is very important. Do not fumble and speak in a cheerful firm voice.

  • You can learn by hearing pre-recorded messages of Banks and other service providers, using Indian voices. Never try to copy any foreign accent.
  • You must also try to achieve neutral accent while speaking in Hindi and English, i.e. the regional influence should not be pronounced.
  • The tone should be full of warmth and enthusiasm.

10. The written expression should be simple, specific and purposeful.

  • Do not use long or complicated sentences.
  • While using simple words, keep improving your vocabulary on a daily basis, by learning new words and their appropriate usage.
  • Consult standard Dictionaries for checking correct spellings and use of words.

11. Remember that ‘practice makes a man perfect’ and you need to keep working towards better expression on a continuous basis.

 

CONCLUSION

 

Good command over languages will enable you to express yourself with clarity and confidence. This will help you in all spheres of life. Not only a salesman, but also a research scientist needs a good expression.

It will also do wonders to your self-confidence and personality.

 

Arun Vedhera

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In Appreciation of the Indian Women

 Women undeniably represent the more compassionate, caring and loving gender.

Before marriage they think first about the well-being of their parents and siblings, before thinking about themselves. After marriage the concern gets prioritized in favor of the husband, children, in-laws (despite the famous Saas-Bahu spats), parents and siblings.

 
Indian Women are brought up to believe that ‘Marriages are made in Heaven‘and ‘Marriage is for Life‘. Very willingly (forget the exceptions) they internalize these thoughts and make selfless effort to convert these sayings to reality. More than anything else, THIS attitude makes the Indian marriages successful.
Where else in the world women have to live and adjust with the in-laws and husband’s family, which takes precedence over their own?
They somehow manage it.
The young husband of today wants an educated girl, who can work and earn, his parents want her to be an ideal docile home maker who can cook and care. The husband wants her to be smart and well dressed in trendy western clothes while his parents (and for special occasions he too wants like that) want her to be dressed in a decent Sari or an Indian dress and touch the elder’s feet.
The husband wants her to cook the choicest dishes (why not Noodles or Spaghetti at home) while his parents want her to cook the traditional Indian dishes. The husband encourages her to have a glass of wine (outside the house!) while his parents want her to religiously do seven days fasting during Navratras.
In short the husband wants the looks and style of a girl friend along with the kind of food and care his mother provided and his parents want an additional bread earner who can be a traditionalist also.
Multitasking at its best or the juggler’s ten balls in the air all the time? Only the Indian Women can do it.
She also brings the children into this world, changes their nappies, wipes their tears, tells them night time tales, (some fathers also do that !) helps them with their home work and generally listens to the ranting of the father when they do not do well in the school or college. (Also the laments of the children when they grow up)
The proud father takes ownership of the children with pride (justifiable!) when one of the children gets selected in the I.I.T or I.I.M entrance exam or gets a big fat first job-after all whose child is he /she? Aha!
Indian woman, like my wife is a wonderful friend, soul-mate, life partner and mother all rolled into one. So if she sometimes sternly asks me to do something, I follow. (At times grudgingly)
I will be happy to be born as a man in the next life also-womanhood is too tough an ask.
More power to all The Women. May GOD bless them.

 
ARUN VEDHERA

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Time Management

 

 

‘We would like to manage our Time better, but we never seem to have the Time’. This sums up the dilemma faced by most of us today.

Time is the elusive fourth dimension in Einstein’s matrix and is well understood to be ever dynamic, signifying change and movement.

The multitasking required today leaves us breathless and wanting more of it. We have often heard ‘I wish there were twenty five hours in the day.’

 

What is Time Management?

 

Two sides sum it up-Things we wish to do and the things we wish to avoid doing.

 

We might wish to: –

 

·        Use time at work more effectively.

  • Get more things done in the time available.
  • Balance the time we spend at work with more time for our families and ourselves.
  • Feel more relaxed and in control of our time.

 

Things we might wish to avoid: –

 

  • Wasting time.
  • Forgetting to do important things.
  • Being late for meetings and appointments.
  • Feeling stressed and out of control.

 

We feel threatened or driven by time and become anxious about deadlines, urgent tasks piling up and feel increasing pressure to improve our skills and produce better results. The chances are that if we feel like this at work and elsewhere, we will live the rest of our lives at breakneck speed, unable to take our eyes off the clock.

Some people seem able to use time as if it is a resource like any other. Since they know what their priorities are, they are able to plan the best way to allocate their time. They remain calm and in control, even when unexpected events occur.

 

We have to understand whether we are in control of time or is it controlling us.

 

Myths about Time-Management

 

  • If you are efficient, you must also be effective.
  • If you want to do a job well, do it yourself.
  • There is only one correct way of doing the job.
  • You would not get the desired results without putting a lot of work (time) in the job or the task.
  • You cannot be productive unless you are busy all the time.
  • If you are a careful time manager, there will be no risk, joy or spontaneity in your life.

 

Let us break the shackles created by these myths to ‘free’ more time for us.

 

How to Effectively Use Time-Answer the following questions truthfully for self-awareness and answers.

 

Define Priorities.

 

  • Are you sure what your main objectives in life are?
  • Are you clear about the time you need to spend (vs. are actually spending) on different aspects of your life?
  • Do you know as to what you want to be doing in the next 1/3/5/10 years?
  • Do you find it easy to identify the most important tasks?
  • Do you spend more time than required on the routine work?
  • Do you have enough time to spend on the important thinking and planning issues?

 

Avoid Overload.

 

  • Do you feel anxious or worried about getting the work done?
  • Do you know if you really have too much work to do?
  • Do you always say ‘yes’ to additional work, even if you are fully loaded?
  • Do you cancel leisure or family activities in favor of work?

 

Delegation

 

  • Do you prefer to do all the work yourself than delegate some tasks to others?
  • Do you see ‘delegation’ as an important part of your role?
  • Do you plan what and how to delegate in advance?
  • Are you willing to train and support others while they are learning how to do a task you have delegated?

 

Planning

 

  • Do you always know if you have spare time to fit in additional work?
  • Do you often take work home or stay late to finish it?
  • Do you find it impossible to get through all the work you have to do in a day?
  • Are you often late for appointments?

 

Backlog

 

  • Do you often put off work till the next day?
  • Do you often find it difficult to end a conversation?
  • Do you allow people or phone calls to interrupt you?
  • Do you have a large pile of reading material to tackle?

 

Some Techniques for Time Management

 

These are supplementary to the ones described above, i.e.

  • Prioritize, Avoid Overload, Delegate, Plan and Avoid Backlog.
  • Make meetings short, crisp and more effective.
  • Tackle paperwork efficiently and produce reader friendly reports.
  • Read more effectively.
  • Avoid procrastination.
  • Control interruptions.
  • Use telephones and e-mails more efficiently (do not be live or switched on 24X7 to avoid time derailment)

Time is eternal but once lost cannot be regained. Let us learn to use it judiciously, to get the optimum results and the best out of life.

 

ARUN VEDHERA

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Happy and Joyous Life-Post Global Meltdown

 

 

The global financial meltdown of 2008 has been unprecedented and the ripple effect will be faced in times to come, though India is much better off.

 

How to Cope with it and what to do to lead a Happy and Joyous Life?

 

1. Look for the positives and learn lessons for the future. Shed a feeling of gloom and move on with the head held high. Look at what you have, a good family, food on the table and life in a young democratic Country which is being applauded all over the world for having escaped relatively easily.

2. Follow solid middle-class values, cautious, conservative and careful. Be humble and well grounded.

3. Secure your present, provide for the future on an on-going basis and only then be adventurous.

4. Do not mortgage your future for instant pleasure through acquisitions today.

5. Income is variable (job permanence, business stability and growth etc.) but Debt (loans, E. M Is) is permanent and the meter runs 24X7.

Two Prominent Investment Bankers of the Country have recently quoted their fathers, advising them never to take personal loans and to be risk averse with personal savings. Both claim to have followed this dictum and are happy.

6. Remember that there is no free lunch or free holiday in life. More seemingly enticing a proposition is to make quick or easy money, greater the danger and risk to loose your shirt (due to high risk investments people have also lost their peace of mind, even life)

7. Money is important, never undermine its importance. Use it as one of the means and never as an end in itself. Enhance your horizons to increase your earning and wealth creation capacity, but on a sustainable model.

8 .Beyond a limit, law of marginal diminishing utility kicks in and the bigger cars, larger houses, luxury items, size of the business etc. all fail to give the thrill you expected them to provide. Then starts the race for more, which cannot be won, so why fall into that trap.

8. The trick is to stay hungry for success, be competitive, stay focused, stretch your targets (still achievable, though with lots of hard work and effort) but do not get carried away to indulge in big punts and gambles, which seemingly will propel you to a different league.

9.Except for very few examples of people who have achieved wealth through huge gambles and betting on very long odds, law of averages does not favour this model, i.e. for every such success, there are countless failures For staying lucky, be prudent.

10. Economic freedom should be the aim, but it cannot be achieved through borrowed capital. (For conveniences and high leveraged debt for business)

11. Most of the things and events which bring continuous happiness are free or inexpensive. The happiness achieved through physical proximity of the family, smile on the face of the dear ones, creative success of the wife, best performance award to the son for the Quarter’s best sales results in his job have no substitute. Recognize and enjoy these on a regular basis.

3.Prepare a balance sheet of your life and evaluate all your assets, starting from the kind of parents, (affection, moral and spiritual values given by them) spouse, children, relatives (much maligned, but we do not hesitate to land up at their door-step un-announced with bag and baggage, so give them some credit), friends, education, money, assets etc.

This will give a holistic assessment of emotional, spiritual and physical assets, which surely will far outstrip the liabilities.

4. Value what you have and then look at what you aspire to have. Aspirations and Dreams are good and make life worth living, but we must filter the actionables.

5. Spend enough time in soul searching to figure out what do you want in life what are you passionate about, do your own S.W.O.T (Strengths Weaknesses Opportunities and Strengths) analysis and Go for your Calling-patiently, persistently, without major short-cuts (they cut short the life) and chances of success will increase beyond expectations.

 

CCONCLUSION

 

Life is interesting, take charge, enjoy the process and the journey, have faith, surely look at the emotional and spiritual aspects, be prudent (and upfront about it-Warren Buffet is known to be prudent and thrifty) and Celebrate God’s Grace every day for a Happy, Joyous and Free life.

 

ARUN VEDHERA

Posted in Lifestyle Zone, Wellnes Zone | Leave a comment

Career Preparation and Planning-Part II

 

 

The preparation starts with self-analysis. While the opinion of your parents, teachers, friends and other social groups should stay at the back of your mind; it should not be the sole/dominant factor.

 

  • Only You Can Ultimately Judge and Understand Yourself.

 

  • Your parents mean the best for you and if you decide to follow their advice, there is nothing wrong in it.
  • Do not later think that you were forced to take up something in which you were either not interested or felt in confident about.
  • If that is how you feel, better is to listen to your parents and then get your own point of view across.
  • The above exercise should be carried out with patience and care.
  • You can take time in doing this, do not attempt to finish it in one sitting or hurriedly.
  • You can keep revising your analysis, till you are fully satisfied.
  •  Prepare a summary in one page about yourself.
  • For example, I am a young male/female of 17 yrs of age, with average looks and a sweet smile.
  •  Very confident, good in drawing, outgoing, have scored average marks during last three years but have very good scores in English and History.
  •  Play Table Tennis for my school team, love solving crossword puzzles.
  •  Have loving parents and I value their opinion.
  • I want to study fine arts and also want to earn well by pursuing a smart career.
  • I want to be in Aviation or Hotel industry.
  •  How to fund my education?

Now you have been able to arrive at some conclusions about yourself and a possible career choice.

  • You should broaden your choices and list at least three careers, which would excite you in the long term.

CONCLUSION

 

If you are able to take up a career of our choice, you would enjoy the same and chances of success will be very high. PLEASE START TODAY.

Arun Vedhera

Posted in Career Zone | Leave a comment