Tuesday, January 19, 2010

Time to promote brand YOU


I read this article when I was at the airport a few minutes before I boarded the flight. During the flight, I wondered if this was true.

Then, I analysed the behaviour of a few of our senior consultants in the office and concluded that the statements mentioned are quite right. I remember a friend once mentioning to me that in a day your boss would think about you only once..and make sure that the thought is that "You are a smart guy".




Good article by Mint on promoting the brand you. If you are a powerful brand, and also work for a big brand firm, it helps a lot.

The highlights of that article are provided below and the entire article is here:

It’s time to promote brand you
There is no substitute for hard work. Still, you need to walk the walk and talk the talk to get noticed. Here’s how


Objective

To establish a Brand You that is a natural fit for where you want to be: partner in two years, CEO, country head, branch manager, ace money manager or whatever else it is you want to be. It could even be to gain recognition for technical expertise, recognition for leadership, success, fame, money, power.

Target audience

Identify your target audience carefully—ideally your boss, HR managers and associates.


Use the following forums to promote yourself:
So use the following forums:

At work: Through one-on-one meetings. Ask for extra review meetings with the boss, the office manager, the HR head, says Ashwani Singla, CEO, Genesis, a PR firm. With the boss you should discuss not only feedback on your performance and areas to be beefed up, but also make informed suggestions about the larger business. Again, with the office or branch head, besides seeking feedback, you should volunteer for larger projects or even a move out (thereby demonstrating flexibility and a willingness to learn)

At larger meetings: Design your contribution to be pithy and to the point. Prepare extensively on the agenda so as to be able to add meaningfully to the discussion. Be open to taking up stuff, such as writing the minutes, that no one else may volunteer for. If you are okay with taking up additional responsibilities, it’s good if others in the organization can see that too.

Informal forums: Use dead time—such as travel to offsites, the coffee before a client meeting—to exchange ideas and project your thoughts with your boss. Passing on expertise and relevant information always helps. Stray remarks at the water cooler, perhaps on competitor intelligence or other market data, can sometimes achieve more in creating an impression of you as a person who works hard and knows the market, than writing out a six-page competitor analysis. Interestingly enough, information exchanges at informal forums can be hugely powerful. Says Sareen: “One is likely to get a better sense of team morale and real issues over, say, an informal breakfast with new joinees or an impromptu session of chai-samosas late in the day at the operations shop-floor, rather than through any sort of formal

Email: Use email effectively for instant, non-intrusive communication. Short and snappy mails can be used to highlight information/communication relevant for the individual/organization. Links to articles on industry intelligence, news related to major customers are useful. They also clearly show you are an informed person, aware of larger trends and nuances.

Company publications such as newsletters, websites, blogs, etc: If you are a better writer than a speaker, use the written word to add value to the organization. Work on informative opinion pieces, original thesis and analysis. You could write a column in a local paper, blog or contribute to the company newsletter, says Mala Sinha, faculty member at Delhi University’s Faculty of Management Studies. “If there is no newsletter, use the company intranet or LAN.” The idea is to create a space for yourself in your organization where you are seen as an individual who engages with socially relevant concerns.

When you write, try and do so on stuff that has a synergy with the organization in some way. If, for instance, you are working in the software industry, you could dig up an interesting anecdote about the difference certain software made in a specific time and place.

Pick a cause: It could be a charity your organization funds. Or it could be something as simple as saving paper in small ways. Sinha suggests small measures, such as a campaign to photocopy on both sides of paper, could be valid in their own way.

Go beyond work: Discuss interests beyond work as well. Initiative and organizational talents at, say, setting up a soccer evening or an office picnic also make their own statements about your levels of enthusiasm and commitment to the workplace.

Use public forums: Make presentations in industry workshops. Besides creating visibility, this will ensure goodwill for your company. You will also slowly be recognized as an expert in your field not only by individuals in your company but by a larger section of the marketplace, including potential hires among students, trade organizations, and competitors.

Be there: Being there always works. “Attend every CEO wedding anniversary party, every kid’s party. Be visible,” says Beri.

And do what it takes: You need, as Peters sums it up, to communicate that you are the following: “First, you’ve got to be a great teammate and a supportive colleague. Second, you’ve got to be an exceptional expert at something that has real value. Third, you’ve got to be a broad-gauged visionary—a leader, a teacher, a far-sighted ‘imagineer’. Fourth, you’ve got to be a businessperson—you’ve got to be obsessed with pragmatic outcomes.”

Friday, January 8, 2010

Global Business Oath for MBA Graduates


This looks nice on paper..but how will this be followed? How will the values in this pledge be instilled when business executives are under pressure from all corners.


"As school children, many of us every morning first raised our hands to the school pledge, followed by the national pledge. All this to instil moral and ethical values during our formative years.

Now, MBA graduates and entrepreneurs around the world are going to be asked to take a similar pledge. Because, as the folks behind this initiative say, it was the lack of such values that contributed at least partially to the Great Recession of recent years.

Drafted by the Harvard Business School in association with the forum of Young Global Leaders of the World Economic Forum (WEF), the oath is aimed to instil moral and ethical values in how business is done and how an enterprise is run.

The Global Business Oath — or the Davos Oath, since it will be announced at the WEF meet in Davos later this month — comprises of two parts. One is the MBA Oath, which will be taken at B-Schools by graduating students to become responsible managers, similar to the Hippocratic oath for doctors.

The second is the Business Oath, which will be taken by business leaders.

But will this weed out the Ramalinga Rajus of the world? Though not binding in nature, business tycoons and aspiring business tycoons participating in WEF are said to have given their consent to take the oath.

The 100-member strong forum of Young Global Leaders have all pledged their support to the initiative. That includes Suhas Gopinath, the 22-year-old CEO of Globals Inc, and the only Indian face on the forum.

Globals is the platform partner of this initiative, and has designed and built the official oath website www.globalbusinessoath.org."

Facing Heat..Another one

This time the firm making use of management consulting is under pressure

NEW DELHI: Cash-strapped Air India may be flying low these days, but the national carrier has a raft of consultants on a high as the airline

This Friday, the national carrier’s board will consider a proposal to appoint McKinsey & Co as advisor to suggest ways to recover. An airline official, requesting anonymity, said the consultancy was demanding Rs 14 crore as fee for its services, mostly aimed at improving operations and joining the global air synergy, the Star Alliance.

Air India is already being advised by Booz Allen and Accenture, the latter tasked with smooth adoption of the erstwhile Indian Airlines into the Air India structure. Friday’s board meet will also look into extending Accenture’s services. The national carrier, which is struggling to pay staff salaries, doles out about Rs 25 lakh each month to Accenture, said the Air India official. Incidentally, the board members had themselves seen their performance-linked incentives being frozen as the carrier undertook a cost-cutting exercise.

Air India chairman and managing director Arvind Jadhav confirmed that the airline would place a proposal to hire the services of McKinsey before the board on Friday.

“Different surgery requires different specialists,” he told ET when asked about the need for consultancy services.
An official spokesperson of Air India said the advisory services of McKinsey would be different from the other two consultants.

Facing Heat

Face the criticism?

Client (many public firms) often find themselves in a tough position when they have to justify the high fees they pay for consulting firms that are working to bail them out of a tough situation.

In India, with the Right to Information(RTI), anyone could question the decision why a government agency chose a particular firm.

Here are some news articles:

Air India asks Booz to cut fees for cost reduction consultancy


"Mumbai: National Aviation Co. of India Ltd (Nacil), which runs national carrier Air India, has issued an ultimatum to management consulting firm Booz and Co. Inc. to lower its fee for advising the ailing carrier on cost reduction and revenue maximization techniques.

Air India may go with its own cost restructuring measures in case Booz is not willing to lower its fees, according to a senior government official who did not want to be identified.

Booz is one of the three consultants that have been working with the national carrier.


In November, Booz proposed at least 70 cost-cutting and revenue enhancement measures that could generate up to Rs5,000 crore for Air India in the next 18 months. The plan is yet to be implemented.

Air India chairman and managing director Arvind Jadhav confirmed that the company has asked Booz to lower its fees. Under a non-disclosure agreement signed with Nacil, Booz will “not be able to share information regarding any matter related to the said assignment”, Booz said in a statement.

“We have asked Booz to slash the fees. Also, the fee would be directly linked to cost savings that we will derive by implementing its suggestions,” added the government official cited in the first instance.

Boutique cos bring in competition

By Mini Joseph Tejaswi | TNN

Bangalore: Consulting used to be exclusively a big boys’ business. Today the landscape has evolved with the emergence of dozens of boutique consulting firms. With tech services firms too venturing into it, the space has got extremely competitive.
Globally, many senior professionals who used to work with large consulting firms have come together to form strategy consulting boutiques. Some that have succeeded and grown big are Tatem Partners, Active Strategy, The Lever Group and Sydney Consulting Corporation.
The trend is fast catching on in India too. Betting on the strategic consulting space, Bangalore-based IonIdea has hired a battery of senior executives from Fortune 500 companies including CIOs of Conoco and Blue Cross as partners.
“The idea is similar to what consulting firms like Accenture and others do in the US, that is to build relationships at senior levels in the organization,’’ says Kishan Ananthram, CEO of IonIdea.
Krishna Prasad, global head of delivery at UST Global, an Indian firm that offers consulting in change management, market analysis, M&As and planning, says boutique consulting offers services on par with pure-play consulting firms. “They may not have the domain spread, but their niche focus makes them unique,’’ he says.
IonIdea is developing and expanding its partner base in the US and the EU, by ensuring that the partners get an ownership stake in the company. It deploys these senior partners as consultants on IT strategy, change management, enterprise architecture, operational readiness and other critical engagements. “Customers are looking at a partner who can bring in thought leadership at the IT management level. That translates into IT outsourcing relationships in the long term,’’ Ananthram says.
Anurag Srivatsava, head of consulting in Wipro, says consulting will play a critical role in the company’s future growth. “The focus is to bring strategic value to our clients. Our outlook is to significantly move up the value chain and compete with players like IBM and Accenture,’’ he says.
The emergence of small consulting players is a relief particularly to small and medium enterprises that are wary of approaching an IBM or an Accenture to do strategy consulting work. Not only are their costs likely to be lower, they are also likely to give smaller firms the attention they are looking for.