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Posted by
Varun
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Posted On Sunday, December 25, 2011 at 7:32 PM
2011: The Year in Pictures
Click HERE to view the Year 2011 in Pictures! Pictures that changed the WORLD.
Courtesy : The New York Times - Sunday Reviews
Merry Xmas to all and wish you Happy Holidays!
Have a Good One!
Thnx,Varun
Posted by
Varun
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Labels:
Leadership
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Posted On Saturday, November 19, 2011 at 11:42 PM
Management Styles - Ground vs Cloud Management
I will share two entirely different kinds of CEO's approach when in crisis. KingFisher Airlines CEO Dr. Vijay Mallya and Japan Airlines CEO Haruka Nishimatsu
Today, Kingfisher airlines is cash strapped and its primary financial problem is due to the crippling interest on $1.3bn long-term debt, and it urgently needs fresh working capital.Vijay Mallya has blamed the government policy of forcing airlines to fly some loss-making routes as the cause of the financial crisis at his Kingfisher Airlines and also requested the Govt for a bailout. That, of course, is not the only reason why the airline is in bad shape and Mallya surely knows that. It is incumbent on all airlines to fly on some less profitable routes and there is no evidence to suggest Kingfisher has had to bear a disproportionate share of the burden.
What explains Kingfisher’s plight – $1.2 billion debt and accumulated losses of nearly $1 billion?
Mallya’s erratic management style which i term as Cloud Management and poor desinged strategic plans for the airlines are the primary reasons for the downfall of Kingfisher. The below video shows the luxurious and the fabulous lifestyle of Dr. Mallya. This will give you an indication as to where all the money is going ;)
Kingfisher has dug its own hole through bad strategy and poor understanding of the aviation business and the business environment. Kingfisher should receive no bailout with taxpayer money. It should, of course, be allowed to dig itself out of that hole or simply die.
On the other hand, Mr.Haruka Nishimatsu of Japan Airlines who showed through genunine ground management style when his airlines was on the verge of bankruptcy in 2010.
Here are some of the guidelines followed by the CEO Haruka Nishimatsu .
1.He knocked down all the walls to his office to allow his workers to feel as though they can approach him at any time and that they are on the same level.
2.Takes the city bus to work everyday
3.Buys his clothes from discount stores saying a boss who wears Armani puts himself at arm’s length from his people.
4. Regularly pops onto planes to meet flight attendants and take part in duties such as sorting newspapers and preparing for meals so he can stay in touch with the front lines.
5. When he was forced to cut salaries, he cut his own to a mere $90,000, which considering he runs the 10th largest airline in the world looks like minimum wage compared to his industry counterparts.
From an HR prespective, Nishimatsu provides a great example of someone who will not only run a company, but motivate employees to take the initiative giving them a feeling of job ownership. Put in the context of the economic meltdown, the majority of these steps should be a no brainer, something Vijay Mallya and others need to take a long hard look at.
Thanks,Varun
Posted by
Varun
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Labels:
Motivation
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Posted On Friday, November 18, 2011 at 10:49 AM
Everynow and then something happens and I get surrounded by a deep sinking negative feeling.
This dejected feeling is clearly not conducive to high levels of performance.Our feelings largely
control how well we utilize our physical and mental resources. Our feelings can literally make or break us. To keep my level of motivation perpetually high, I always watch the below video and invariably feel very optimistic and focused. Thought of sharing it with you all.
Stay focused and Stay Inspired!
Thanks,Varun
Posted by
Varun
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Labels:
Motivation
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Posted On Saturday, November 12, 2011 at 10:25 AM
Good Morning Everyone!
What a Pleasant morning this have been for me after watching this video! A new wave of confidence and inspiration has engulfed me, and gives me something to think about when everything looks awful :D .Absolutely brilliant wordings! I am sure you would like it as much as I did. Have a Great Day!
Yours Truly Varun
