Personal SWOT analysis – An Exercise

SWOT analysis is acronym for Strength , Weakness , Opportunities and Threats.  Generally good companies do the SWOT analysis before launching a new product or service in the market.  It is a very useful exercise.

But SWOT analysis is not limited to product or service only.  It is also applicable to an individual also.

The Four parameters of SWOT can easily guide you to start your career or can help you in the advancement of your career ladder.

How? 

Take a paper and pen. 

Write down your strength- In which area you are good or have the command. It might be you are good listener, good orator,  you can be good in organizing the things, you have no hesitation in taking the initiative, you are good in convincing the people, you can be good in communication etc.  These all are your personal traits which make your aura.

Then comes the Weakness.  Judge yourself honestly.  You cannot be master in everything.  Weakness is not a liability , but it the area of improvements which actually stops you in many instances.  Weakness can be – you are not a good listener , you lose your tamper easily , you can be disorganized , you do not feel comfortable to address the audience , you afraid from taking the new challenges, not interested in learning new things , not good in presenting the things in spite of having the full knowledge etc.

The Strength and Weakness are the internal traits or assets of a person.

 

Opportunities and Threats are in second category – External factors which influence you while deciding your career or advancement.

Opportunities : wherever you are today , because of your strength and weakness.  But if you want to scale the heights of success , you have to sense or smell the areas of opportunities which is lies in your area.  Sense them , and if you have a hawk eye, you can easily identify these opportunities and cash them in right time.

Threats :  Identify the areas which are threats for you.  It might be possible that some degree or training is stopping you in the path of advancement of your career.  Some skills which are essential but you have no knowledge about them.  This also can be one threat - the area chosen by you have very limited and not have a long term future etc. 

Do your introspection and prepare your SWOT.  Start working to improve your weakness and threats. 

A great lesson for the corporate from the success of “ Patanjali” and “ Bahuballi Movie”

Patanjali , led by Baba Raamdev recorded the 100% growth from the previous financial year to the next Financial year, from 5000 crore to 10000 crore.

Bahuballi , a film by Director S S Rajmouli is minting the huge money from its first part- Bahuballi – The Beginning  to Second part- Bahuballi – the conclusion.  It has already minted more than 1300 Crore from just in 15 days of its release and still doing well at box office.

What is the common between the successes of these two ?

1. A good vision with team work can lead you in a great success path.
2. You have to believe in your products first and have a great patience to deal with it.
3. India is a huge market and if you capture its nerves, the business is yours.
4. If your products have strength, there is no need of fancy advertisements.
5. If you know the basics of business, you can be successful.
6. Be your own brand ambassador and don’t hire the fancy or other celebrity to promote your products.  You are enough to promote your business.
7. Baba Ramdev and S S Rajmouli always create a hype and curiosity among their target audiences.
8. Makes the things simple and mass appealing.
9. Relate your products with your tradition.
10. Commitment, dedication and sacrifice from the employees are the key to get success in a project. 

This is my personal opinion regarding the success of Patanjali and Bahuballi.

VMAGO - A Handbook for Business Excellence is at Google Play Store

VMAGO is making a good buzz all around the world.  Truly I am overjoyed with the response of this book. VMAGO- A Handbook for Business Excellence 

I have divided this book into Five Chapters.  First Chapter is the detailed description of VMAGO- How to formulate and execute them. Second Chapter is about the PDCA Methodology to achieve the VMAGO.  Third Chapter  is of BPR- Business Process Reengineering.  Fourth Chapter titled as Career progression and requisite parameters.  In this chapter , there is an illustration that what type of people required in various level of the organization and what should be they have within.  Fifth chapter  is some stories of business houses or individuals : How they have changed the world ?

This book is a result of my 15 experiences with in the industry from manufacturing to Service Sectors and as a quality management system professional, I am fortunate to come across through the various domains of businesses. 

You can find this book at this link - https://play.google.com/store/books/details/Anand_Mehra_VMAGO?id=7zzVBgAAQBAJ

Corporate lessons from this election -2017- UP, Uttrakhand, Goa, Manipur and Punjab

The election in five states – UP, Uttrakhand , Punjab , Manipur and Goa has over and results has been declared.  Total 690 seats were in stake in these five states and BJP with their alliances won 434 seats in these states .  This means BJP won 63% of seats  and Lotus blossoms everywhere. 

• Understand the ground reality and make a strong plan to achieve your goal.  BJP booth level strategies worked well in Uttar Pradesh and have a charismatic face of Modi Ji.
•  Alliance should be made with perfect partner.  Samajwadi party did alliance with Congress who was already in bad shape in UP and this alliance did not work for Akhilesh Yadav in UP.  BJP targeted this alliance badly.
• Focus on strength and possibility.  BJP totally ignore the election in Punjab as they knew they have lost the battle before the election and anti- incumbency wave against the akali dal is much stronger than they assume. 
• BJP entered into the politics of Eastern state.  First they conquered Assam and now , entered successfully in Manipur.
• They faced the anti incumbency in GOA also but when the find an opportunity of forming government, they did it successfully.
•  Campaign with your star performer.

The basic lessons learnt from this election are :

•          Do your SWOT well.
•          Focus on your strength.
•          Understand your plan well and execute this perfectly.
•          Keep attacking your opponents.
•      Explore the new opportunities also.
•           Leader should be followed everywhere. 

Good News- Indian Companies are ready to do robust hiring in 2017

Are you looking for a job change? If yes, 2017 will be the golden year for who are looking for job change or job.  According to a latest survey , three in five employer plan to increase their headcounts in 2017.  80%  of Indian companies are ready to increase their business with the help of existing and new employees in 2017.

Some interesting data of this survey :  

-60% of Indian companies are ready to hire new employees in 2017.

-44% of employees want to leave the current job due to saturation in their job.

-88% of companies are planning to give 8~15 % pay hike to their employees .

-79% of employees has the priority of career progression.

-56% of employees has the salary increments is their first priority.

-40% of employees see learning and development is the key for their retention in any company.

So, if you want to be the part of this growth then –

Update your cv and have a close eye into the job market.

Add some more soft skills and hard skills.  

Be positive. 

Job hunting is an art …..11 Steps

Job hunting is a lengthy process which consumes your time and energy.  It is again a new start from the scratch where you have to sell your experience and skills to the recruiter.  Here are some steps which need to be followed for successful job hunting.

Step -1 :  Think about what you want to do and how well your skills, experience , education are align with the expectation of the job which you are looking for.  If there is any latest skills updation requires in  your field, try to complete it.

Step-2 :  Develop your master CV in a professional manner.  Sign in or register in some job sites.

Step-3 : Show your presence in social media websites i.e. Facebook, Linkedin etc.  Nowadays,  Recruiter are verifying your details from these websites too.

Step-4 : Don’t send the generalized CV to everyone.  First read the JDs of the job for which you are thinking to apply and customize your CV and keep a record of this CV with you.

Step-5 :  Send an email for follow-up after two three days regarding receiving of your CV to them. Keep the email short and to the point.

Step -6 : If you get a call for interview, prepare well yourself.   Read the JDs once again and visit the company’s website thoroughly.

Step-7:  Reach the interview’s place well in time with professional attire.

Step-8 : Listen interviewer very carefully and answer the question – to –the point.

Step-9 : Do a follow-up after interview.

Step-10 : Keep yourself ready for accepting the offer or negotiating the perks etc.

Step -11 : Join the new company within agreed date(s).

Happy Job hunting…. 

Top 20 Richest people of India-2016

Money is flowing from all over the corner for these people.  They are leading the industry from the front.

 1.Mr.Mukesh Ambani, Chairman and managing director of Reliance Industries Limited

Net Worth  $22.7 Billion

 2.Mr. Dilip Shanghvi,Founder of Sun Pharmaceuticals

Net Worth  $16.9 Billion 

3.Hinduja brothers (Srichand Hinduja),Shareholder and chairman of Hinduja Group of companies

Net Worth  $15.2 Billion

4.Mr.Azim Premji,Chairman of Wipro Limited

   Net Worth  $15 Billion

5.Mr. Cyrus Pallonji Mistry,Vice chairman of Shapoorji Pallonji Group (engineering and construction giant company)

Net Worth  $13.9 Billion

6.Mr.Lakshmi Mittal,Chairman and CEO of ArcelorMittal

Net Worth  $12.5 Billion

7.Godrej family,Adi Burjorji Godrej - Head and chairman of the Godrej Group

Net Worth  $12.4 Billion

8.Mr.Shiv Nadar,Founder and chairman of HCL Technologies

   Net Worth  $11.4 Billion

9.Mr.Kumar Birla, Chairman of Aditya Birla Group

Net Worth  $8.8 Billion

 10.Mr.Cyrus Poonawalla, Chairman of Poonawalla Group (A biotech company that makes vaccines for dengue and pneumonia)

Net Worth  $8.6 Billion

 11.Mr.Uday Kotak, Executive vice chairman and managing director of Kotak Mahindra Bank

Net Worth  $8.3 Billion

12.Mr.Sunil Mittal, Founder and chairman of Bharti Enterprises

Net Worth  $6.6 Billion

13.Mr.Gautam Adani, Chairman and founder of Adani Group

Net Worth  $6.3 Billion

 14.Mr.Benu Gopal Bangur, Chairman of Shree Cement

Net Worth  $5.9 Billion

15.Mr.Anand Burman, Chairman of Dabur India, consumer goods

Net Worth  $5.85 Billion

 16.Mr.Shashi Ruia, Chairman and co-founder of Essar Group,Ravi Ruia, Vice-chairman of Essar Group

Net Worth $5.8 Billion

 17. Bajaj family - Rahul Bajaj, Chairman of Bajaj Group

Net Worth $5.7 Billion

18.Mr.Subhash Chandra,  Former chairman of Zee Entertainment Enterprises and chairman of the Essel Group of Companies

 Net Worth $5.6 Billion

19.Ms. Savitri Jindal, Chairperson Emeritus, Jindal Steel & Power Limited

Net Worth $5.3 Billion

20 :Mr. Desh Bandhu Gupta; Founder of generics champ Lupin Pharmaceuticals

Net Worth $5.1 Billion

Seven Quality Management Principle (7 QMPs)

Principle is actually a belief or theory which has a major influence in which something is being done.   There are seven principles which are treated as true and are the basis of an effective quality management system.

These principles are known as 7 QMPs of Quality Management System.   These are – 

1-Customer focus ( Customer is the king ) , 

2-Leadership ( Top leader is pivotal for implementing a system) , 

3-Engagement of People ( The commitment of people is the key)  , 

4-Process approach ( IN-OUT to be synchronized to attain a desired result)  , 

5-Improvement ( Continual Improvement is the necessity)  , 

6-Evidence based decision making ( Without data, everything is vague)  and 

7-Relationship Management ( Everyone involved in the organization- Internal or external associated with its activities to be treated as an asset).  

For a successful and effective quality management system, these 7 QMPs are to be taken care of.

The driving wheel of the Quality Management System is PDCA (Plan –Do-Check – Act).

These seven principles guides an organization for its performance improvement. 

A Gesture of humanity and equality of Employees - Mr. Cyrus Mistry - Chairman of TATA Group

Chairman of Tata Group ($100B+ revenues worldwide) having lunch with his driver in a Dhaba (roadside restaurants in India). This is the reason why TATA is a symbol of values and ethics.  A true leadership always the backbone of TATA Group – right from JRD Tata to Ratan Tata to now current chairman Mr. Cyrus Pallonji Mistry .

This photo is shared by Mr. Parag Jagtap at Linkedin and salute to him to bring this photo to inspire other people. 

The foundation of what would grow to become the Tata group was laid in 1868 by Jamsetji Nusserwanji Tata – then a 29-year-old who had learned the ropes of business while working in his father’s banking firm – when he established a trading company in Bombay.  Then afterwards this legacy was run through some brilliant leaders like JRD Tata, Ratan Tata and now with Cyrus Mistry. 

This 108 Billion Dollar empire has impacts on every facets of business i.e. FMCG, Automobiles, Service, IT , Aviation etc.   TATA companies operates more than 100 countries on six continents.  

This photo tells the entire story of TATA Values and ethics.   No more words to describe TATA. 

Practical way to keep away the Doctors

In Ayurveda ( An ancient medical therapy) , anger and fear are the root cause of any disease. Any disease starts from our mind. A positive energy is always plays as an antibiotic for body and negative thoughts can lead you to a disease.

Criticism, anger, resentment and guilt are the most dangerous negative energies that influence our entire body mechanism. These negative energies can leads a man to serious disease like Arthritis, high blood pressure, spondylosis, cancer. Yoga is a method to cultivate the positive energy in your body. When a positive thought do clicks in our mind, our whole body energized and this energy flows into every vein of the body. Every cell of our body gets positive energy and whole body shivered for a while. Actually GOD made our body so uniquely so that every disease can be cured by him. There is always a GOD wish to make us healthy, strong and joyful.

Start forgiving people and fall in love with yourself. Do start to think positive and love to your kins and when you start to do that, you will feel that the atmosphere around you is becoming better and beautiful and when you cross this limit, expand your forgiveness and love to other people. No disease can have the dare to enter in a positively influenced body. There are not a single bacteria / virus that have the strength to break the seal of this shield. Really try to develop this kind of positive energy within you, I can assure you that you never become ill and you will have no need to consult a doctor.

Keep your body fit and healthy because a good health has no substitute in this world.

Keep reading and wish you a happy and healthy life.

Indian government to add 2.2 lakh central employees in two years

To fulfill the dream of “ minimum government , maximum governance” of Primeminister Mr. Narendra Modi , the central government will add 2 Lac central government employee within 2 years span from 2015 to 2017.  

  According to personnel ministry , there are six lac posts are vacant in several central ministries and other agencies.  Revenue Ministry have a huge lack of manpower and this is to be strengthen. Mr. Modi already announced that there will be no interview for the C and D grade employees wherein only hard skills needed.   

A major reason for the spurt in hiring is that many departments faced acute staff crunch in Group B and C categories due to a moratorium on fresh recruitment's for the past several years.

So be informed and circulate the good news to all your known people who wants to be part of the movement - “ minimum government , maximum governance” . 

Make in India - A hit - Confirmed by Moody

Rating Agency Moody praises the Prime minister Mr. Narendra Modi initiative of “ Make In India”. Moody states that FDI inflow have more than CAD for the first time since 2004.  CAD is the acronym for Current Account Deficit. 

A country is known to be facing a CAD when the value of its imports is greater than the value of its exports. January 2016 witnessed the highest FDI as $3 Billions.  The other initiative started by government as Development of Industrial Corridors, Development of manufacturing zones and smart cities will definitely boosts up the FDI in near future.    Manufacturing sectors will really grow up by these FDIs.

The agency expects FDI inflow to continue to rise and provide stable source of financing of current account deficit.

Keep reading ..........