Showing posts with label Entrepreneurship. Show all posts
Showing posts with label Entrepreneurship. Show all posts

Tuesday, February 28, 2017

Article in the leading English Daily of Central India, dated 28th of February 2017

Read an interesting article published in the leading English Daily of Central India, The Hitavada. dated 28th of February 2017, titled, "Why Entrepreneurship is not the most preferred career option in India".




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Thursday, June 3, 2010

Challenges in Family Owned Business


Family based organizations are often devoid of a solid and transparent organizational culture, sans those which brought in professional hands to manage their strategic and operative affairs.The reasons are not difficult to find, on one hand the family run businesses are always willing to keep everything close to the chest of the promoters whether they are able to take the company or the conglomerate to the next level or not.Bold decisions of inducing external professionals within the rank and file of the organizations calls for a big heart and mind as the promoters should be confident of holding on to the reins, while allowing the company to benefit from a professional approach brought in by the external persons.Tata Sons, Wipro catapulting themselves into global entities after being family run businesses are exceptional cases in point.The organizations globally which were family run to start off,gradually metamorphosed into global behemoths, primarily because of the boldness shown by the promoters and the stakeholders, directly and indirectly responsible for facilitating those bold decisions.The importance of succession planning not only for the family members, but also for the smooth transition from a family owned operation to that of a professional managed one.The real clashes of thoughts may arise when the organizational culture undergoes a face-lift by the changing of hands and the actual ownership or control or even management of the company.

Tuesday, March 9, 2010

461st Publication on 'Doing Business in the Sultanate of Oman'


The 461st publication titled "Doing Business in the Sultanate of Oman" has been published in the special edition of MBA Review,(Publisher www.iupindia.org,Icfai University Press) March 2010 issue on Entrepreneurship.The issue is a special one for all the stakeholders willing to learn the nuances of entrepreneurship at the global level.Yours truly has chosen the topic so as to leverage his learning's while guiding the emerging and prospective entrepreneurs of the Sultanate and also by observing the entrepreneurial spirit thrown by the country as a whole.An investor friendly climate coupled with the forwarding looking approach of His Majesty,Sultan Qaboos bin Said has made the Sultanate a sought after destination amongst the Arab Gulf Cooperation Council(AGCC).The strong fundamentals on which the Omani economy hinges has proved beyond doubt the resilience, as the country went unscathed in the just concluded global recession, which had brutal impact even on the neighbouring economy of Dubai.Availability of quality manpower is just what the doctor ordered for the economy to leapfrog in a short span of time. Read and Comment.Source- http://www.iupindia.org/MBA_Review.asp

Saturday, February 6, 2010

Some Management Learning's from the Arab World

Management training in qualitative subjects like Marketing Management, Organizational Behaviour, Entrepreneurship, Management of Diversity to name a few, in the Arab World has given many new insights about the subjects in particular and imparting of training in general.Training in marketing management enables one to understand the importance of ethics while indulging in marketing, as the stakeholders are always willing to know whether the offering being presented were part of an ethical process or not starting from its manufacturing till the time it is delivered at their door step.The slightest doubt in the mind of the customer and even other stakeholders may lead to the reduction of their confidence level, culminating in direct and indirect losses for the concerned company.A glimpse across organizations like Oman Air, PDO, Sohar Aluminium, Bank Muscat to name a few from the Sultanate of Oman would show that ethics is strongly incorporated into the cultural fabric of the organization. This definitely has to do with the strong and rich Omani Culture which also emphasizes on ethics as a prime factor, even if that means taking a backseat in the profit related aspect momentarily. As far as Entrepreneurship is concerned, yours truly was completely moved by the backup and support provided by the administrators in bodies like Oman Chamber of Commerce and Industry,when he was privy to a seminar where experts from Knowledge Oasis Muscat and Shell sponsored Intilaaqah Oman, which nurtures entrepreneurship all across the globe as part of the Shell funded Live WIRE program dwelt on aspects of starting an enterprise and managing it ethically with a profit motive.Even while training the budding professionals the details of business management,from engineering, business studies and information technology, coupled with the opportunities created by the leadership of the countries, one can strongly feel that there are plethora of opportunities to be grabbed.Organizational Behaviour gave important perspectives pertaining to the cosmopolitan yet strongly embedded local Arabian culture led organizations, where integrity and honesty is given the prime importance.The cosmopolitan aspect of these companies would make one understand how employees from different background which entails ethnicity,language,dress sense, food habits, joins hands in shaping up the organizational culture commensurate with the vision and mission of the company.This aspect also provides valuable lessons for the management of diversity, which is a very big challenge for organizations globally as they are into cross border deals, establishing relationships with stakeholders from all over the world.The other factors which are crucial are the importance of maintaining the cultural sensitivity of people working in the organizations which is observed in abundance across the organizations present in the Arab World.

The learning from other countries like the UAE would follow subsequently in another post.