C N Narayana, Author at IIRF https://iirfranking.com/blog/author/c-n-narayana/ Indian Institutional Ranking Framework (IIRF) Mon, 26 May 2025 06:49:30 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 https://iirfranking.com/blog/wp-content/uploads/2020/11/iirf-favicon.png C N Narayana, Author at IIRF https://iirfranking.com/blog/author/c-n-narayana/ 32 32 The Art of Inner Management & the Science of Vibrations https://iirfranking.com/blog/knowledge-source/the-art-of-inner-management-the-science-of-vibrations/ https://iirfranking.com/blog/knowledge-source/the-art-of-inner-management-the-science-of-vibrations/#respond Tue, 09 Nov 2021 06:13:20 +0000 https://iirfranking.com/blog/?p=14549 The last two years are undoubtedly, the toughest one humanity is witnessing, from the loss […]

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The last two years are undoubtedly, the toughest one humanity is witnessing, from the loss of millions of lives across the world. The pandemic infection spread questioning the very existence of the superior humans with science as a greatest source of knowledge coupled with technological advances as tools. Now the science of vibrations on the other side is connected both with spiritual and scientific energy to lead a healthy life and mental agility to face tough situations. The one idea, one insight, one revelation, one existential intervention are the foundations of vibration science which rotates the earth with a positive energy and makes living a worthwhile process.

Global competition is tough on the dimensions of efficiency, local responsiveness and innovation will make the world a better place for sure. The primary competitive dimension being efficiency, productivity have paved way for innovative methods and processes to achieve greater heights.  However, when we dwell into science of vibrations a question arises in our minds as to why only a few amidst us reach the pinnacle of success and glory faster against many who struggle. With the experiences we all had in the last two years innovation indeed is all about mastering paradoxes. It involves listening intensely to your inner self and making big investments of long-term happiness programs first for oneself and then to others.  A few of the pointers will take you near the destination of inner management, happiness and bliss with positive vibrations within us.

Unknown & Possibilities!

The first step for inner management and science of vibrations is our willingness to step in to the unknown, the field of all possibilities by surrendering ourselves to the creative mind that moves around and orchestrates the dance of the universe as mentioned in Bhagvad Gita. Looking within with a hope that our existing selves we are going to find something worth and even miraculous within this ultimate illusion. This very self of ours needs to be completely transformed to explore all possibilities both known and unknown.  Satchitatanand- truth, awareness and bliss- is all within. It does not mean that, our problems are going to end once we find the jewels within. More than anything else, we want to release the anxiety, worries, problems of life, from the financial to the ones pertaining to relationships and the uncertainty of the future. You travel within and all the problems existing outside world will certainly go away paving way for you to look at all possibilities of life.

Searching for Peace?

Peace is not a thing to search for and you find, like a lost item found when searched. Peace is not an object, it has to be gained with positivity of thinking, cool mind, patience and ability to take pains and pleasures of life with equanimity. If you are looking for peace you will be running round in circles. It must be attained with the science of vibration and that too a positive one internally. Peace blossoms when we see ourselves having that quality. The more you notice that quality and it reverberates and vibrates repeatedly in you then the attainment happens automatically like the noisy waves slowly settle down in a seashore. The self is both the subject of bliss as well as its object.

Projection of the Mind Vs Qualities of the self

When we look at the projection of thinking it will never liberate us. we must look at enhancing the quality of ourselves either by sensing or expressing words can take us to the state consciousness from where they emerge. State of love, care, empathy will evoke the same. Same is the case with word abundance which can create feeling of abundance. Prostrating invokes feelings of humility and surrender.  We can never indulge in some unethical act, create guilt and expect to have peace, as these actions are contradictory.  A better word would probably be sensing or experiencing or feeling. When we begin to learn from silence more than our voices the transition starts.

Relationship and Communication

All professionals, trainers, life coaches mostly answer relationship quest and queries, skill sets. However, the spiritual spark within gets ignited only when you experience or realise that there is lot more in life beyond material. Bonds begin with relationship and likes, and dislikes come in to play. When there is no defined relationship there are no ego involved. When the relationship is not defined even communication is not necessary and then you start listening which includes whispers of wisdom.  Allowing myself to be with myself to be amidst nature, gives me an opportunity to have access to the ever-flowing universal energy.

Patches of Life & Appreciating Patches

Life is a cycle of happenings. There will be patches of creativity and there will be patches of emptiness. As long as you treat these patches may be a creative patch of music, painting, writing, penning poetry, researching new aspects of life, simply watching the stars in the night sky or the pain of facing a health issue, restlessness, a void within. If you stay within your space of energy which is positively vibrating, you achieve peace irrespective of the situations you face.  Certain emotions and thought patterns such as joy, peace and acceptance, create high frequency vibrations whereas, mindset related issues like anger, desperation, frustration and fear vibrate at lower frequency though it is very difficult to exactly correlate.  Allowing ourselves to be with ourselves amidst nature give us the power to any sudden spiking frequencies in life.  Beyond a certain time with oneself there comes a moment where nothingness takes over and these are the moments when divine energy fills up our being.

Everything cannot be picture-perfect

When everything is picture-perfect it cannot be home.  Every smile need not mean that person is fully happy, it could just be a smile put on for the sake of it,with the pains behind it. We do face tears of joy and pain and fights between people as they aren’t statues. If you don’t take these things personally, then everything will be normal.  Quantum physics describes the universeas nothing more than vibrating strings of energy. When vibrational energy acquired by water molecules it may create incoherent thermal excitation. Similarly, our minds are subject to excitation when the energy is not properly balanced. An understanding of vibrations can create wonders for our relationship and wellbeing as well. As everything moves in the universe, everything you notice, express is a form of vibrational energy. These energies are sometimes perceived consciously and many a time unconsciously. As our bodies are molecular structures that vibrate at a high speed, our cerebral matter is like an electronic switching station. It is we who think with our brains as a tool.

To conclude the art of inner management to remain happy and peaceful depends on our responses to specific frequency levels both consciously and unconsciously. When we talk about physical response, our bodies respond on a cellular level, and all the energy that we are exposed to causes a signal between the body and brain. Inner management is nothing but a balanced act of coherence between both scientific principle that explains clarity of vibrations when it is combined with spiritual spark the incoherent signals can be avoided to the brain. This is nothing but a self-healing process and self-actualised empowerment to gain peace.  As vibes are related to specific vibrations, high frequency thinking patterns, attitudes and emotions are of positive signs and negative signs are of low frequency which may even have resistance within ourselves, doubtful and create anxiety. These are the energies which normally don’t belong to us but we pick them up. Shifting the tone of your internal dialogue is key. The outertone will shift according to your inner vibrations. We need to look at happenings in our lives as it is instead of thinking it is happening against us and we should be grateful for such happenings to learn from it.

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A Script of Cryptocurrency – A Little Bit Understanding on Bitcoin Investment in India https://iirfranking.com/blog/knowledge-source/a-script-of-cryptocurrency-a-little-bit-understanding-on-bitcoin-investment-in-india/ https://iirfranking.com/blog/knowledge-source/a-script-of-cryptocurrency-a-little-bit-understanding-on-bitcoin-investment-in-india/#respond Tue, 31 Aug 2021 05:22:16 +0000 https://iirfranking.com/blog/?p=14080 When the virtual reality was possible and moved beyond VR to augmented reality and still […]

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When the virtual reality was possible and moved beyond VR to augmented reality and still further through AI, people may raise their eyebrows why not invest in virtual currencies for trading and investing to enhance valuation of your holdings. It is agreed that it is not a difficult task to invest in cryptocurrency bitcoin exchanges are further facilitated by the deep penetration of the internet and smartphones. One must understand the basics of investment pattern and agree for the new culture of such trading requiring fair amount of guts and courage. For any layman to understand, I would simply say that it is accepting a small chit of paper for the balance of cash you paid and next time when you visit the same shop you can adjust or trade for some other merchandise and leave as deposit for future merchandise. Imagine the value of the small piece of paper may vary.

As it is going to be a deposit or investment there, it is most likely to grow without any guarantee for growth. Similarly, cryptocurrency is accepted as a digital or virtual coin secured by cryptography impossible to counterfeit. Let me just script a few things for the readers to understand a bit on bitcoins before they invest in this. Why Indian investors are skeptical about cryptocurrency investment is the amount of risk involved in it. I quote Warren Buffet “Risk comes from not knowing what you are doing, and successful investing takes time, discipline and patience”

1. A Digital Global Investment method

These bit coins as mentioned is next to impossible to counterfeit secured by cryptography have their own store value depending on the country it belongs to and how much is demand is there to buy or sell a simple economics. The value of a specific bitcoin will go up when the global acceptance and demand is there. Primarily these coins are designed to use as a medium of exchange to buy goods and services. These are currencies are generally decentralized and built on blockchain network technology. Generally, these currencies are free from government interference or adjustments for inflation etc. Therefore, they are inflation proof.

2. Tracking & Portability of investment

As these currencies are based on digital structure the portability across geographies and does not have underlying economic base. However, an investor must be fully aware of the risk that these coins can be used for illegal activities and subject to exchange rate volatility. As this form of investment uses blockchain technology they do carry pre-determined store value of their own. Cryptocurrencies are highly sophisticated digitally mined like solving complex computational mathematic problem. Their mining is pretty expensive and not always rewarding.

3. Blockchain Technology connect with Crypto

It is a form of a shared and immutable ledger which records the tracks the assets in business network. This means virtually anything of value can be tracked and traded on a blockchain. Normally in a digital database it can be delinked. In blockchain data in blocks they are linked or chained together. The filled data is chained to the previous block in a chronological order. In Cryptocurrency transactions it used in a decentralized way so that an individual or a group can have a control over it. A collective control mechanism is possible. The data once entered is irreversible and it is permanent in nature and can be viewed by anyone.

4. How do you choose your investment in Cryptocurrency?

The investor has to do the basic research before buying their own country currencies or US dollars. There are some cryptocurrencies globally accept only cryptocurrencies to make investment in Bitcoins . Therefore you need to select the crypto exchange, create your account and verify the same, deposit and start investing, place the order of your preferred currency and create a portfolio of currencies ( Bitcoins of various countries globally) and manage the risk by spreading the risk between cryptos you are investing. It is similar to that of investment in Gold called crypto ETFs which is nothing but Exchange Traded Funds. It is a collection of various market instruments in this case it is portfolio of various cryptocurrencies, which can be called as Portfolio of investment like Mutual funds.

5. How much should be the minimal investment in Crypto and the process?

Just like the investment in the stock market there is no minimum value you can invest. However, interestingly in Cryptocurrency you can buy small units of it after you are registered and add it to your wallet and use the amount to place an order for bitcoin or any other cryptocurrency. You can invest as low as Rs.100 in India. The limit is subject to vary between crypto currencies you are dealing or transacting with. In India you can invest in Indian Rupee but cannot use the same for payment. A bank account link is a must for crypto transactions and only KYC approved users are allowed to make payments. The fee levied may vary from one currency to another and one exchange to another. There are many online procurements which can be done but these stores accept a specific or designated crypto currencies only. One can make use of various search engines to understand online acceptability for purchases.

6. Regulatory framework of Cryptocurrency in India

There is no clarity on cryptocurrency operations and acceptance in India. RBI and the government of India must be clear about the same. The new age technology across many countries globally impacted to go for these digital currencies . However, in India the ban of 2018 on these transactions by RBI was reversed in 2020 by the SC of India and there is a scope for crypto trading in India too in the years to come. But it is in an absolute nasal stage.

How do we perceive the growth of Cryptocurrencies and Bitcoins in India?

Though Gen Z investors in India is quick to catch on to or adapt to crypto the realties are different. Elon Musk’s endorsements and last year’s buzz for Indian apps. A word of caution is long term viability for an instrument as an instrument connected to regulatory landscape. There are more than 15M investors in cryptocurrency in India according to the Internet and Mobile Association of India ( (IAMAI) . Also, the recent surges of popular cryptocurrencies like Bitcoin, Dogecoin have motivated Indians to look at such digital investment as a great opportunity and easy access globally have further attracted Gen Z to invest and trade in cryptocurrencies.

The risk of fluctuating valuation will result in huge losses. Even in the recent past Bitcoin went into 4 month low and in August first week again further losses (Between 50% to 57% drop). A careful Indian investor or a Risk Manager must evaluate the usefulness of conducting transactions apart from looking at the weakness of crypto infrastructure and the sources of changes in the values of these assets. Any money in my view is a fiat money if not blocked by other assets with intrinsic value which includes cryptocurrencies. The value of Bitcoins may increase over time only if the demand is good enough and there is a consistency in value growth and the fluctuations are within a reasonable limit. Cryptocurrencies in the middle of August 2021 shows a struggle for Bitcoin, Ether, Dogecoin with a fall again. Bitcoin prices plunged as he world’s largest cryptocurrency market capitalization was trading more than 2% lower on the 15th of August 2021.

The good news when you look at YTD amid volatility, Bitcoin showed a 50% plus value growth. It is not the same story with other coins. The value of more than 8800 tokens tracked by CoinGecko has shown improvement with the help of Bitcoin and ether rallies. Despite a big push by Cryptocurrency lobbyists, the procedural issues especially tax reporting of various countries will make it a daunting task to grow this sector. There are not many Elon Musks in the market the investors can listen to and take risks at least in India.

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The Mantras of New Age Leadership https://iirfranking.com/blog/knowledge-source/the-mantras-of-new-age-leadership/ https://iirfranking.com/blog/knowledge-source/the-mantras-of-new-age-leadership/#comments Thu, 05 Aug 2021 08:31:55 +0000 https://iirfranking.com/blog/?p=14044 The most appealing socio-cognitive theory of personality is the construct of the locus of control, […]

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The most appealing socio-cognitive theory of personality is the construct of the locus of control, which is nothing but how people behave in organizations. The belief of individuals about controllability over what happens to them in life and the ability to get along with people with good relationship management with mutual respect to all team members. There is extensive support that personality differences have a significant impact in the workplace. I quote William Godwin, English Philosopher- “A wise man is satisfied with nothing”. If someone is dreaming to become a world class manager and a leader of eminence, one must have several ingredients that will make it happen. The mantras which you need to understand, chant and practice are enumerated in this article of management thoughts. It is totally a practitioner’s perspective and can be applied by managers to become a successful leader.

A conscious manager to exist is to constantly change and evolve & Mature

A Turkey can walk and run it cannot fly. But if a tiny eagle grows up with turkeys probably it will not realize the potential of flying till some danger occur in its life, for the eagle to escape to save it’s life. Till then, it will keep falling hitting the ground. When, hurt several times it will spread its wings to fly. Managers must work hard and smart to realize the true management capability. A manager must be a sunrise category having a view towards the future instead of a sunset manager who fire fights all the time.

A Sunrise manager always comes up with new and creative ideas and work smarter and faster unlike a sunset manager who could just be a workaholic to get things done. If you want to be a world class manager you need to be progressive, passionate and leading-edge technology manager. Old theories of X and Y no longer works. The classification based on five C’s work to some extent on visibility front to become a smart manager which is Cash, Crisis, Conflict, Cool and Change. The relevance of the last one, that is change mangers search for challenges in competitiveness and thrive on positive, goal-focused changes, ceasing the opportunities that make work exciting. In this process they do manage the first 4 C’s effectively.

Innovativeness as personal trait and form of behaviour

The locus of control is not widely studied in organizations till recently. The concept of innovativeness refers not only to the product, services, promotion and marketing but also refers to individual differences that characterize people’s responses to new things. Innovation must exist along side other traits of good leadership and management expert. If you want to become a world class leader you need to have conformity to the risk-taking ability, tolerance, and battery interpersonal traits to manage conflicts in a team you manage. When an individual internal locus of control is high, it is assumed that goal oriented innovative ideas which lead to success. The locus of control is socialized and learned over timeand it can be altered through cognitive behaviour learning from the role models in and outside an organization.

Tech savvy

As technology sill continue to impact any modern business irrespective of sector or line of business you are in. It is going to be the ultimate definition of the organizational and customer relationship. If you are a tech savvy business leader you will understand, identify, evaluate newer business opportunities and align with better customer experience and thereby growing the revenue. New age business leaders will not allow the organization to be blindsided by a new technology trend that is relevant for the line of business. It is just not the automation of business processes but defines buying experience or customer relationship management.

Clutter Gutter or Clear pathway?

Insecure managers always create complexity whereas a real leader makes life and process simple in an organization. One must combine several management types create a unique one. A clear pathway will be witnessed when the vision is clear and they way to reach the goal is well planned with resources in place and who will love everyone and work with everyone instead of bossing around to bring down the productivity of an organization whatever may be the business.

Before you figure out how to reach your destination you need to understand where you are starting from. You need to have all the resources in place before you begin your journey towards the goal set in to achieve and the mutual trust between you and your team. When we discuss about the world class smart manager, it is no more a journey but a race to win. You need to search for challenges in competitiveness, thrive on it innovate, make improvements, challenge and change even technology in this race.

Organization Chart upside down and uncertainty as the only guarantee

The race of world class manager must be able to visualise the employees’ team on the top of organizational chart performing rather than seeing the CEO and CFO on the top. High degree decentralization, trust will lead to such innovative flexible organizations which are most respected in the world. A few of tech giants operate with this open and liberated organizational structure. If you want to be a successful change agent in any sector, you must try this to make it workable and successful. The ethnographic study of the author revealed that it is possible to achieve this feat if you are leading an innovative and flexible organization. In the everchanging world of uncertainties a calculated risk taker, an innovative passionate manager will make a world of difference.

Change the perception of change

A world class manager always knows that change and innovation are stifled not by the way things are but the way they are perceived by people. When employees are made to realize from a good to aworld class managerthat change is as old as time, and as cutting-edge for the future- the resistance for change decreases in an organization. This will certainly lead to transformation, growth and constantly innovative organizations which lead to global standards and benchmarking. Changing the very perception of change in your team or organization will result in minimizing conflicts and thereby productive processes, policies can be implemented faster to ensure organizational growth and success stories of constant changeare built on this strong foundation.

Circles, Values, Ethics and measuring performance

Making friends in an organization with initiative at your end is much faster than waiting for a team to approach you to make a circle or a team to perform and deliver. It is a group of cohorts working together. If someone wants to benchmark as a world class manager, one must define the quality of circle. The family is the first and highest priority circle in our life. Success is not only measured by individual earning power but the ability to contribute to the society including the organization you are associated with.

You need to add value instead of self-gratifying. Your own personal value is increased only by how much you work with and help others. While building the team, you need to demonstrate career growth through performance to all the team members with clear understanding of measurable goals of performances so that there are no heartburns in the team. While developing an action plan a world class manager looks at high integrity and clear performance measurement connected to value creation. Values which render anything to useful or estimable excellence and virtue worth of moral excellence. Integrity of wholeness, honest and sincere and ethics of high moral principles which will withstand any scrutiny with transparency are the key points in your race to become a world class manager.

Inclusiveness & diversity

To become a world class manager, one must reflect a good amount of diversity in age, sex, ethnicity in the team or workforce one manages. The leadership that epitomizes the stated ethical behaviour and inclusiveness will result in better empowerment which will take the organization closer to the end customer. Gender equality and conflict is generally well managed by high potential world class managers. Practices such as sharing of information and employee participation in decision making positively affect organizational performance.

Benchmarking

The final important mantra to become a world class manager is not only comparing your current performance with the past but with leadership performance of the organization better than your own. If your organization is high on the competitive ladder or even leading edge, then you need to innovate ahead of your competition without copying them. In a nutshell you need to focus both on internal and external benchmarking and then have a vision to innovate ahead of others. Success of creating and sustaining quality culture and strategic quality planning and effective human resources utilization and higher customer satisfaction are the indicators of quality benchmarking process to become a globally successful manager or a leader. To conclude, to become a world class manager one has to nurture and imbibe all the mantras mentioned above and implement the same on day to day operations.

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The Futuristic Organizations – A New 7 Rung Ladder to be Climbed with Utmost Care https://iirfranking.com/blog/knowledge-source/the-futuristic-organizations-a-new-7-rung-ladder-to-be-climbed-with-utmost-care/ https://iirfranking.com/blog/knowledge-source/the-futuristic-organizations-a-new-7-rung-ladder-to-be-climbed-with-utmost-care/#respond Tue, 20 Jul 2021 05:45:32 +0000 https://iirfranking.com/blog/?p=13964 Knowledge creation and organizational wellbeing are closely interconnected as they leverage talent management in a […]

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Knowledge creation and organizational wellbeing are closely interconnected as they leverage talent management in a disruptive but growing organization. While it is desirable to have more humane organizations, it is also critical for organizations to change with changing times where technology plays a vital role for the sustainability and growth of organizations. “If you want to understand something, try to change it” – I evoke the statement of Kurt Lewin who helped many organizations to change and look forward to such change decades ago. Artificial Intelligence (AI) continues to change the world around us with a pace difficult to comprehend. The ladder of inference in management consulting covers aspects of covering the loop between rungs starting from observable facts, data, meaning, assumptions, draw conclusions, adapts beliefs to finally action. However, with unprecedented challenges driven by technology and demographic shifts, organizations need to venture beyond traditional strategies. Creating Online quality content, self and quick learning of process with the aid of technology tools, ability to grow the organization with remote operations, enhance productivity and customer satisfaction even working from home are critical in this hour of high complexity.

Is Technology driven platforms are only solutions to futuristic organizations, Educational Institutions?

AI is not just the ignition but is going to be engine which will run the horsepower of Mercedes vehicle in an organization which is poised for a faster growth. While we appreciate the quantum jump of the technology driven organizations especially amidst unprecedented times,where work from home has become a new normal and organizations are investing heavily on better communication, platforms to connect, process to ensure timely completion of tasks and retaining the client base when the business is nose diving due to various reasons beyond anybody’s guess.

AI must be used effectively and carefully with a measured augmentation of human activity. A common question which crops up in working from home atmosphere is the missing socio-quotient and peer learning in a physical office atmosphere is still unanswered and worth doing further research as to how AI can make it more interesting to address the mental health issues which can arise working from home for longer time, which the social scientist will be able to throw some light. A human-Compatible AI could be the solution organizations should look into.

Innovation to Commercialization

The second rung of the ladder is the understanding of commercialization of innovation which the service dominant logic(SDL) which predominantly deal with customer value creation with the product or service which is offered. Working from home by thousands of employees requires standard content creation, communication uniformity, common message coding along with better tools to be used to explain and ensure customer value creation. Even a communication barrier could create a customer dissatisfaction.

Therefore, organizations while saving the cost of operations of larger enterprise space, rental, operational cost must invest heavily on better communication tools, seamless connectivity for thousands of employees including the remote access betterment. Any innovation which is to be commercialized successfully needs this support system if the future work force is going to be operating in different sets of conditions. This approach calls for interaction and trust between the company, and the customer and employees involved in the early stages of innovation where the customer can be even treated as the co-creator and the value can be created together for the customer.

Breaking with tradition and integrating with the Core through AI

As the AI and ML is shaking up every industry and even in educational institutions the way academic material is delivered will lead to a complete paradigm shift. Open AI’s mission to organizations is to ensure general intelligence and organizational capability is enhanced through proper augmentation. A good example is human empathy spilling into AI by assisting healthcare professionals in preventing deadly diseases and infections like COVID spread. This clearly indicates integrating the business with the Core with a human touch through technological platforms. The Intel AI in recent times published how humans and AI can cure deadly diseases. Advanced countries like Israel uses AI and those organizations which are breaking with tradition and integrating the core businesses with AI are fast growing. Financial Services and banking sector will witness the AI-fuelled growth if they break away from the tradition and merge the core through AI.

Digital Transformation building Agility & Resilience

The next rung of the growth ladder which will help a future proof business is a challenging environment for the leadership is to reassess mindsets as well as business operations addressing both talent retention operating remotely, offer continuous skill upgrading, and business acumen with resilience due to the prevailing uncertainties. This in other words means adapting to disruptions as many of the leaders have been through into the crucible of change. Disruptions will crop up in every corner of business and leaders must make sure that they are moving quickly by more cloud spending and digitization by bringing most of the processes under digital platform and AI. A significant digital acceleration for transformation will foster new partnerships and alliances and ease of conducting business, protecting both the top and bottom lines.

Transformation through single minded focus and Execution

Knowledge creation, content creation, dissemination, training and development are critical when disruptions in businesses are highly unpredictable. However, the next rung is the real result which is parallelly running along with workforce productivity and digital customer solution is the sharp focus of leaders on strategies and how to execute changes and transformation at a pace required and doing so effectively. The recent crisis has shown the need for more resilient operations and infrastructural support to future-proof business, enhance security alertness, ensure and enable financial performance at a higher level even during difficult times ahead. Any transformation through digital technologies should result in virtualization of better business, tech-enabled processes, get closer to customers by integrating remote and in-person networks. Businesses should shred the myth of legacy systems which ensure only comfort zone not ready to face new challenges which are far more dependable using technologies than a mere trust factor.

Aesthetic Learning & Development

The complex organizational systems which are legacy in nature must be pruned to bring technology in the forefront so that capabilities within the organization for quick learning with the help of digital tools, technology support to enhance overall performance of the organization in the market place taking the organization closer to satisfying changing customer requirements. Leadership in this rung should find and share clarity, create curiosity and creativity to make the organization innovative and impart training and give tools that will empower and give courage to the workforce to lead in complex times.

Change Management the Core

The final rung is overly criticalas the pandemic forever changed the agility, cost management, workforce resiliency, innovation etc. is to prioritize all these capabilities with the safety and security in mind while ensuring agility and profitability. Opportunities for a new era is on the cards, which is an uncertain future. Looking at that as an opportunity is the new mantra. Change remains the name of the game while the strikingly greater focus on transformation through partnership and better customer relationship. One of the tough roles leaders must play is to out manoeuvre uncertainty by turning massive challenges into meaningful change. This includes a careful navigation of financial and operational challenges while addressing the safety needs of employees, customers, clients and suppliers. Leaders must ensure regaining eminence and emerging stronger leveraging technology.

To conclude, organizations must quickly adapt to aesthetic learning process connected with usage of digital platforms, bots, AI and Machine Learning to leverage business opportunities. Individuals must build different and flexible capabilities. Organizations must look at more effective design practices for developing leaders. In complex situations and environments, the capacity of an organization to learn is critical for both the organizational sustainability and growth. Mechanical models based on analytical-rational, command and controls driven by AI are also found insufficient in finding clarity, creativity and courage to lead complex times like this. Therefore, leveraging on technology without losing human emotions and touch is critical for futuristic organizations to survive, sustain and grow using the ladder of inference and beyond.

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Mental Health & Behavioural Economics https://iirfranking.com/blog/knowledge-source/mental-health-behavioural-economics/ https://iirfranking.com/blog/knowledge-source/mental-health-behavioural-economics/#respond Thu, 01 Jul 2021 04:05:24 +0000 https://iirfranking.com/?p=13867 Transitioning from functional, unit, or a geographical management to general management requires a new knowledge […]

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Transitioning from functional, unit, or a geographical management to general management requires a new knowledge in almost all areas of management starting from Finance, HR, operations, strategy and leadership. As this transition requires understanding of complexities of organizational dynamics it requires greater experience.In other words, such transition requires an in-depth inquiry, awareness and ability to manage behavioural economics better to produce results in an organization. Mental Health on the other hand is a wellbeing of an organization where several team members state of mind to handle situation bold and better to bring in the results required for an organization. Mental Health requires a pattern to maintain steadiness which is career pivot to behavioural science.

Mental Health Components and a Societal Stigma

Mental health is not what you possess, but what you practice in the real sense. It is the ability to manage situations effectively by managing our thoughts and emotions. Therefore, it is combination of Cognitive health. Behavioural health and emotional health (CBE). MH= CH+ BH+EH

Cognitive Health which has a cluster of thoughts running in thousands everyday and prone to errors and all are not reflection of objective truth. In Cognitive health when you treat every thought as a fact we end up in behavioural and emotional issues. Therefore, treating them as hypotheses will help to filter and result in better actions. Interrupting anxiety spirals will help an individual to reframe strategies to deal with a situation better. Behavioural health is an indictor of your engagement and involvement with the world and people around you, quality of your relationship the sense of belonging to the community. Emotional Health on the other hand is our trigger of emotions help motivate us to actin line with our objective or goals.  When emotions are given more importance than their real worth we may get caught in the riptide. As a process when we are able to block emotions by either denying or obeying will result in a better wheel of emotion to identify your feeling and contextualizing it will result in meaningful behaviour in line with your objectives.

Mental health is a brain scan on a test subject and how the situations are handled. It is related to mood swings, alertness, curiosity and the ability to face a situation. The recent pandemic in fact is a best example in which the mental health has taken a toll. It could be due to various reasons. Some of them are visible and many are not. Overall, health of a family, region, country and the globe will be an indicator of state of mental health. The families which suffered during the pandemic infections will have several stories to tell. Many may not be willing to even share that they got infected and recovered and on the other hand, you will notice in social media, many are sharing the ordeal. Worldwide survey if it is done today, it will reflect extremely poor mental health across countries due to pandemic effect not only economically but also on mob psychological level and even at an individual level.

The societal disapproval on seeking help for emotional distress which may include anxiety, depression will result in mental health stigma. Once you remove the negative way of looking at this problem it becomes mental wealth. Removing false beliefs about the topic itself will give a great relief. Mental health stigma may lead to discrimination and wrong judgement about people.  To remove the stigma, you need to seek help, understand people around you better which includes family members and team members. Timely acceptance of the problem, getting timely treatment, mitigating self-doubt, reaching out to people instead of isolating, and by not defining your personality with illness and joining support groups will help to cope up with challenges of mental health and overcome the same.

Need of the hour Introspect and do intriguing work

Many of us many not be aware of even our social role in these times. We are not aware what could come next, this is applicable even for a cognitive neuroscientist. Even the medical doctor’s fraternity is undergoing stress at an unimaginable magnitude to constant influx of covid patients and there is always a remorse or guilt feeling if Doctors are unable to save lives and the long haul of work stretch adds further pain in handling situations both at workplace and life. We had witnessed several people involving in societal work to help others by forming groups in social media to help the needy while their own family members undergoing the suffering due to the same pandemic infections.

Means people who are resilient, decided to go beyond their normal call of duty to help the society and help to save lives. At a federal level we need to understand how to nudge people into positive behaviours through neuroscience and psychological counselling process. In this process the behavioural economics may undergo a change to bring the economic need a slightly lower level which may involve forgoing individual luxury lifestyles for a cause of societal wellbeing. Pitching an idea of creating the national level team of counsellors to do door to door counselling will bring the infection rate down and will remove fear factor in the society which will focus on maintaining the social distancing and hygiene protocols. These factors will be enablers of a better mental health amongst people to face the situation. The civilian life can be transformed drastically if the mental health is focused which will eventually end in better and fruitful economic behaviour.

A combo pack of Evaluation Sciences& Economics

How an individual navigates life’s challenges will decide the success. Similarly, even at a national level there must be a link on evaluation science and economics. Management if it focuses only on the factors of production without looking at the mental health it may result in a disaster. Adversity is never the end of the story. Resilience is the key during adversities. Even the management practitioners will now understand the following components to manage mental health better in an organization.

  1. Putting the people first over mere profits: This focus in short-term will yield results in the long run. During adverse times organizations must care for the people to demonstrate the confidence in them by being flexible on workplace timing, working from home, reducing the targets and reducing even online engagements which may result in fatigue. Announce more rewards and recognition to motivate remote working productivity.
  2. Communicate frequently and stay positive: Organizational leaders must be willing to listen to episodes of individuals, clusters and be empathetic during tough times and constantly evolve strategies to keep the team members motivated all the time and express positive feeling and stay focused on goals even if the results are away from the targets.
  3. Trust & Determination: It does not matter which sector or industry you are in; the basics of leadership are universal. These management practitioners must put these attributes into action which includes not only a candid dive into uncertainty, but swimming across riding the tides of huge changes coming on their way taking the people along with you to reach the shore of stability from the ocean of uncertainty and vulnerability.
  4. Mental Health Awareness: When we understand appreciate life is hard and it is full of challenges, distractions, disruptions and obstacles which may derail us and learn to manage cognitive health, emotional health and behavioural health in a better way treating them as new experiences we start managing our thoughts and emotions. This will result in better team in an organization and organizational mental health as well.
  5. Framework of organizational Mental Health: In an organization it includes behavioural economics to achieve organizational goals while appreciating and realigning mental health of individuals and teams to achieve organizational mental health. This may include fostering and providing a health work environment, promoting life skills and resilience, maximising helps seeking behaviour, identifying people in need of care, providing mental and medical counselling, coordinated crisis management, restrict negative emotions of extreme in nature. In a community it more of people, place and equitable opportunity. In the outer circle organizations Monitor, evaluate and improve upon various parameters to improve overall mental health.

To conclude, ultimately seven major components will drive better mental health. Understanding the meaning and purpose of life, Positive thinking, Quality sleep, social connection, managing stress, brain healthy diet and staying active while being aware. If these things are taken care behavioural economics will show better results towards achieving the objectives or goals of both individuals and organizations.

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Appreciative Intelligence (AI) & Artificial Intelligence (AI) – A Game Changer https://iirfranking.com/blog/knowledge-source/appreciative-intelligence-ai-artificial-intelligence-ai-a-game-changer/ https://iirfranking.com/blog/knowledge-source/appreciative-intelligence-ai-artificial-intelligence-ai-a-game-changer/#respond Wed, 12 May 2021 12:25:59 +0000 https://iirfranking.com/?p=13504 Technological changes and disruptions do transform organizations to look at new alternatives to grow business […]

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Technological changes and disruptions do transform organizations to look at new alternatives to grow business with the help of Artificial Intelligence (AI). However, this may not be the same in every sector or industry or business. Knowledge creation and organizational well-being are generally the positive effects of Appreciative Intelligence. Artificial intelligence deals with replacing routine manual jobs or a sophisticated process through automation to replicate similar repeat jobs or analysis of data to produce an accurate output to handle the process or job in the most optimal cost-effective way. AI has fast-forwarded to leveraging cutting-edge 3D animation, multilingual technologies to create videos just from the text apart from the Driverless cars of the world. AI is widely used in medical science with the help of Robots to conduct complicated surgeries precisely and with a faster pace.

However, Appreciative Intelligence helps organizations to make use of appreciative inquiry as a methodology for Organizational Development. While artificial intelligence deals with all technological advancement for growth which may lead to machine learning also, appreciative dialogue is generally used as a technique to enhance employee communication and leveraging talent management to increase overall productivity and growth. In modern business, both are complementary to each other to grow both in terms of capability, capacity and business-building process. When Appreciative intelligence is used with Artificial intelligence, the technology can predict the behaviour patterns of individuals in an organization and leaders can develop their own organizational morals instead of leaving it to technology. The leadership needs to drive this combination to minimize risk in business, as Artificial Intelligence can predict human behaviour better than the human mind can.

Organizational & Business Strategy

The extent to which Artificial Intelligence to be used in combination with Appreciative inquiry and Appreciate Intelligence needs to be decided by the top management in an organization. Use of technology in every single role human can play should be based on regulatory and ethical issues. Some of the decisions taken only by the technology or machines alone may lead to serious impacts of the lives working in an organization. Therefore, a strategic eye on this point is warranted.

Optimization of AI through Control and Collaboration

Organizations must install a transparency switch connecting to both the AI’s and ensure the power flows optimally between the two, so that empathy, feeling and culture is equally respected by using appreciative inquiry and Intelligence to ensure seamless business operation keeping the attrition rate as low as possible. To achieve this goal, the top management and HR leaders must work together to leverage both the AI’s for business growth. Online retail industry has achieved these goals in the recent years and other organizations can also transform the business through optimization process of Artificial Intelligence & Appreciative Intelligence.

Nurture, Harness the Power of both AI’s

As Business Models are fast-changing leveraging technologies the futuristic organization cannot ignore the power of technologies at the same time create a robust process and quality assurance at the same time addressing human issues through the Appreciative Intelligence process. To cite an example is to use AI to decide the data for shortlisting performance of monthly or quarterly based on the data available in the ERP module for Performance measurement. However, these criteria for measurement must be done through the consultative process of teams involved and HR leaders so that there is a better buy-in for AI processes. Rewards & Recognition (R&R) for the production unit or service industry could be based purely on the units produced or sold. However, quality standards of such sales or units produced to decide must have riders of quality to recognize exceptional performers. Leaders must also look at Cost-Benefit Analysis (CBA) through Development Centres to decide the quantum of technology to be used in such a process to ensure avoidance of unnecessary investments on such technological models. The size of the business and the sector in which they are operating will decide such Investments.

Business Complexity & Artificial Intelligence usage correlation

AI-related technology should be widely used when the goal is to minimize the business complexity and maximizing customer value which may involve value creation by streamlining service quality delivery and improve overall efficiency. The investment will be worthwhile when you get the job on a real-time basis and transform business for future growth. Big brands across the globe use AI to transform the business faster, retain clients and customers, and acquire a new customer base through cutting-edge technology. When such an investment decision is taken, it must be scalable and certainly be on a low-code platform.

Consumer-Facing Organizations and AI interface

Value beyond the balance sheet is the moto of both Artificial Intelligence focus and investment in Appreciative Intelligence in an organization which are consumer-centric and consumer-facing organizations. Organizations do look for new ways to drive value in their organizations have a laser focus on both simultaneously. Organizations must ignite AI curiosity. Harnessing the power of AI will not only improve day-to-day performance but also help the growth of organizations by looking at critical opportunities and challenges facing the organizations in their quest to mature in AI.

Usage of both the AI’s optimally can be GAME CHANGER

The futuristic organizations must also address appreciative inquiry methods while using technologies like AI to transform and grow business opportunities and build a differentiating brand value. How a community of practice can integrate culture and service settings to promote intergenerational intercultural mentoring should be based on research identifying communication practice, value creation and borderlands to understand and address those border issues between human behaviour and machine behaviour predictions. Organizations must determine the context and the phenomena of interest. This will lead to addressing the issues of structure, process and outcomes which are very much part of strategic human resources management. Normally, large-quality organizations do that through ethnography, reports of value narratives and finally thematic Analysis. This is followed by the community or departmental engagements and refine the data through the analytical filter where the AI-related to technology can be used effectively. The narratives could be both written and visuals. To draw the conclusion organizations normally use the matrices to reduce the data to manageable buckets to conceptualise and then enable the decision-making process. In this process, organizations can discover new success themes or mantras using both the AIs optimally. The architecture must also retain the existing culture without losing the opportunity to retain performing and capable resources. A fine balance between both Artificial Intelligence and Appreciative Intelligence will ensure faster transformation of organizations. The well-being and further transformational growth can be easily achieved when the organizations maintain a fine balance between both AIs.

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The Psychology of Business Decisions in M&A https://iirfranking.com/blog/career-guidance/the-psychology-of-business-decisions-in-ma/ https://iirfranking.com/blog/career-guidance/the-psychology-of-business-decisions-in-ma/#respond Tue, 13 Apr 2021 08:13:25 +0000 https://iirfranking.com/?p=12884 If you have travelled abroad from your native or seen the depiction of it in […]

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If you have travelled abroad from your native or seen the depiction of it in movies, you are aware of the vast differences amongst cultures. Even in businesses you will witness a huge difference in traditional companies and organizations who go through their growth path in Mergers and acquisition routes. Many Analysts and practitioners wear economic lens. However, researchers have evidence to show that psychological or behavioural factors play a critical role. One of the good examples reflect that overconfident leadership pays a greater acquisition premium which may lead to shareholder losses.

When we expect to see things differently in the new organization, we take it as given that others will do things differently and react differently to the same stimuli, the passion we have for ourselves and for others rises dramatically. The moment we expect otherwise, the potential for conflict exists. Decision makers in M&A process are risk takers both during gain and loss period. Generally, acquisitions are significant investment by the buying organization, it could be ranging from the reasons of incorrect valuation, cultural conflicts arising out of such deals and many a time implementation. Many a time psychological and behavioural factors matter in such decisions. Though the researchers have invested time to study many of these factors crop-up, especially cultural conflict and the effect on organizational growth post- merger and acquisition.

The safest theories to be investigated are the Prospect Theory and the house money effect. In other words, the decision makers must be able to at least predict how the stock market will react to such moves. The stock market reactions have a real impact on future decision making of such leaders. Both the theories look at how the decision makers react to the actions that are similar in the past. It is almost like playing the spin game of a wheel. The probability theory where it can stop more when you spin the wheels ten times. There is a huge difference between individuals looking at this aspect and organizations. An Individual can take greater risk as they travel with the mental account of gain and they consider any further losses as reduction of the gain. M& A process also brings the point to the table that organizations need to change constantly, for all kinds of reasons and senior leaders are involved in making this process of transformation in the M&A process successful.

There are other factors like setting clear and high aspirations of change, higher involvement of senior management in changing organization when the restructuring is inevitably part of such mergers and acquisitions. Means, there could be even a change in culture, communication and accountability. All efforts will be there to move the organization from a good performance with a great performing one, reduction of costs, integrating mergers, conflict resolution between teams due to cross-functional role changes etc. In some cases of M&A we can witness spitting up or divesting part of the organization and geographical expansion or shrink. Setting a clear and significant stretch goal might seem like an obvious choice of organizational transformation during M&A Process.

Organizations must test various propositions involved in the stock market reaction which also strongly associated with the internal culture of such organizations involved in such transformational changes due to M&A. Organizations have to measure these changes in absolute dollar or rupee terms. Risk in acquisitions is always measured as riskiness of the target acquired which is generally calculated on the basis of the stock volatility of the acquired target. In such cases it is also possible that managers try hard to break even the effort if there past losses due to such mergers or acquisitions. There is always a positive association with the current M&A process if the earlier ones resulted in gains. Normally, in financial term, it is referred as a V-shaped relationship of prior market acquisitions performance and risk-taking in the current or future M&A.

The M&A psychological dimension also brings out the mismatch between goals and outcomes in the process. The daily work routine of majority of the organization not only change, but result in higher efficiency and productivity. A well-defined goal in terms of financial and operational will register a genuine new level of performance. Both these parameters simple mean both the leaders and employees at all levels will be genuinely engaging for success of the organization in M & Process. The quality of such engagement will result in higher levels of performance and ultimately result in larger share in the market for the product and services. This will further be strengthened by the Value of Visibility in the marketplace.

The more the CEO’s involvement is there, higher the visibility. The third dimension in this psychological process in the transformation during M &A is early communication, early involvement of teams at various levels. The mid management should never have a perception that top management involved the team halfway through when most of the decisions are taken in the process. The last but not the least dimension is to emphasize building on successes, rather than focusing on fixing problems. The sheer scale of many transformations during M&A process can affect or change the lives of thousands of employees and families involved in such transformations. Therefore, a clarity of re-deployment of people who may lose out on roles consequent to such transformation. If such people are informed and taken into confidence much before the merger, the transition will be smooth without any job losses.

Organizations may absorb such people in subsidiaries or mutual separation methods to reduce negative impacts within the organization and the brand image. Finally, to conclude on a successful M&A organization adopt many different tactics, including engagement at various levels at an early stage, continuous appropriate communication at right time, establishing executive sponsorship, engaging and energizing the organization throughout such process, developing and deploying talented resources to carry out effort and build required new skill sets for the new organization. Organizational transformations cannot happen with a single standardized process in M&A scenario. It has to adopt a range of tactics in conjunction to engage all the stakeholders to make the process really aspirational without any perspiration.

Also Read: Top Universities in India for MBA, Best MBA Colleges in IndiaBest Engineering Colleges in India

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Leadership Contours & Landscape – Changes a Paradigm Shift https://iirfranking.com/blog/knowledge-source/leadership-contours-landscape-changes-a-paradigm-shift/ https://iirfranking.com/blog/knowledge-source/leadership-contours-landscape-changes-a-paradigm-shift/#respond Wed, 31 Mar 2021 07:42:34 +0000 https://iirfranking.com/?p=12618 Change is an inevitable phenomenon across the world. In the recent past, it is happening […]

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Change is an inevitable phenomenon across the world. In the recent past, it is happening at a galloping speed with geometric progression. The technology could be one of the key drivers of change as disruptions normally bring unforeseen changes. Now, even pandemic and environmental changes bring changes that are daunting tasks to counter for leadership roles. As we all know the top leadership is always agile and ready to face such challenges and changes. Decision-makers become both risk-seeking when they have celebrated gains and success in the past and suffered setbacks and losses earlier. 

Building from experimental evidence, prospect theory, and the house money effect will provide ample insights, especially how decision-makers react to outcomes from actions similar in the past. The leadership roles now face different types and levels of changes ever before. Be it organizational or political leadership for that matter even the leadership goals of socially sensitive organizations. The role of leadership is beyond organizational goals of revenue, profit growth to societal, environmental and impactful. 

The basic traditional ingredients of leadership traits and the types have also undergone changes in the recent past. Leadership roles now need to manage contradiction and conundrum parallelly. The seven management components which will drive the modern-day leadership which will lead roads to riches are interestingly Oxymoron in nature. A leader who treads the path carefully addressing all these pointers mentioned below will positively impact both people and the organization towards the growth path.

  1. Practice Humility with Heroism at heart to achieve goals: Generally, humility and inner peace and calm go hand in hand. The less compelled you try to prove yourself to others, the easier it is for the leader to build a great team of performers. It takes an enormous amount of energy to perpetually point out your achievements, trying to convince others. Instead, you build a cohesive team and celebrate every single small achievement of members so that there is faith in you as a Hero who empowers the team and is with them always. Leaders who are quiet, with inner confidence, and not choose to be always right are generally well respected and considered heroes. It extends further to understanding competition and the market while practicing humility and parallels to meet the revenue target balancing out with humanism in the leadership approach. Therefore, a composed attitude coupled with resilience will make it all closer to the organizational goal.
  2. Practising Innovator & Tech-savvy: Leadership must not only demonstrate the need to innovate new practices, products and services, but also possess an innovative mindset by practising it and then acting as a role model. The leader must be able to make smart decisions on any innovation and ability to face challenges and failures too. It leads to the point that the leaders should have the passion to learn and apply newer technologies and ways of doing things. He just cannot be a supervisor to the innovative team but a practitioner. For this leader must continuously upskill and reskill him or herself. The leadership should also consider human implications and ensure nurturing and building for future success.
  3. Gratitude & Kindling improved results: A leader must be an Awakener and an inspirer, with a clear goal of achieving results without an autocratic style. The treading of the path must be determinedly undertaken and engage the team productively. Expressing gratitude to the team members for the milestones achieved should be the way of life. The happiest person on earth is not always happy should be the approach to kindle the team in a relaxed way by understanding both negative and positive feelings of the team members and undertake the journey with them.
  4. Choosing the battles wisely as a politician with ethics: a real oxymoron and much of this achieved through access roads which are essential for economic growth with the integrity of the highest order by choosing the battles wisely whether it is internal political management or external competitive environment. Leadership strategies to handle different difficult situations to cross over to the next milestone is critical for the desired goals. Many a time you may be politically right, but maybe the other way around when it comes to corporate governance, ethics, and integrity. Navigating this path carefully will make or break true leadership.
  5. Global Vision with the local heart: The recent pandemic has cleared the myth that the leadership of MNC is different from that of a local or specific geography. The world has witnessed an equal opportunity for all the countries of the world to prove their worth. The vaccine race and the healthcare innovations are the best examples where developing nations like India had shown the credentials. Leadership role now encases this boundaryless approach with a global outlook, but with a local heart to achieve productivity and quality and give equal importance to the local market growth.
  6. Strategic alignment with precise execution skills: Traditional leadership approach of strategists alone must give way to the dual role of short-term executor and a long-term strategist for market growth. This necessitates knowing the ground realities of operations, market, consumer and understanding the needs and support required for team members while articulating strategy and how it needs to evolve alongside addressing the multidimensional need of the hour and the future simultaneously.
  7. Entrepreneurial mind with Empowerment focus: Leadership should move away from the traditional control regime by opting for AI to handle normal checks and balances. This approach will result in higher delegation and empowerment of team members to play higher-level roles as the leaders will be involved in short-term goals also. Dedicating disproportionate time only for long-term strategy is not required with proper empowerment at the workplace. Envisaging the future problems and addressing the current need is the crux.

To conclude the contours and the pitches of changes have drastically changed in the leadership roles as well apart from organizations facing the disruptions of the highest order. A variety of different sources of competition, consumer behavior, technological changes and last but not the least, the environmental changes have really made leadership roles highly challenging, madly changing necessitating smarter and faster adaptability and agility to the leadership roles in modern organizations.

Also Read:
1. Top MBA Colleges in India
2. Top Universities in India
3. Top Engineering Colleges in India
4. Top Schools (10+2) in India

 

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Innovation in Management Practices for the Sustainable Development Goals https://iirfranking.com/blog/knowledge-source/innovation-in-management-practices-for-the-sustainable-development-goals/ https://iirfranking.com/blog/knowledge-source/innovation-in-management-practices-for-the-sustainable-development-goals/#respond Tue, 23 Feb 2021 10:03:52 +0000 https://iirfranking.com/?p=12297 Economic growth in developing countries requires application of appropriate Technology & Effective Management practices it […]

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Economic growth in developing countries requires application of appropriate Technology & Effective Management practices it is not either Or. But both. Management practices could be in any area, be it HR, Operations, Marketing and even in Education as a service or even agriculture for that matter to increase effectiveness and efficiencies. Sustainable could be from the point of environment to the long term effectiveness and efficiencies. It includes the best value for the money and the easiest way of doing things. It gives an insight into the relationship between the environment and the best use of technology, tools and making this world easily manageable. In organizations it is called the pioneering, innovative mode (PI) – The primary generators are more strong internal variables than the environmental variables. The environment may necessitate such PIs for firms or organizations to differentiate in the market place.

Innovation in Management Practices for the sustainable Development Goals

Opportunistic diversification, creative staff, commitment and long term goals, make these innovative management practices to be a continuous improvement process before it can be called as sustainable. Some of the innovative practices in health care management is a very good example in recent times along with products, services and disaster management process of how to reduce infections in the long run through various management practices including social distancing, usage of technology, remote operations, touch free devices etc. How can we consciously ensue diversity of thought and experience in the organization which will make a difference and impact in a greater way.

If you talk about Education the innovative management practices in academics, pedagogy, technology, newer medium of mode of instructions, newer tools to the user to make learning and absorption easy. Education as an industry has to change not only the message, but the medium, including Technology, Good creative content. This also an example of Innovation in Management practice. The 7 Ps of Innovation: Planning, Pipeline, Process, People, Platform, Product & Performance

Innovation in Management Practices for the sustainable Development Goals

The Learning Model for Technology Innovation Management: Contextual, Work Based Learning, Integrated Learning, problem based learning, co-operative learning, Experiential learning and Blended Learning methods-Driven by various facets-Structural, contextual, Psychological, cultural and outer circle of Multimedia, Regulatory framework, the Internet and Global Network.

Innovation Management Practices include: Knowledge Management, Strategic Human Research Practices and Innovation Performance which must result in successful business outcomes or Educational or Learning outcomes in the case of Education. It starts from Idea Funnel, Innovation, Development and continuous process (This is the foundation or an Innovation Cycle Management), Then Comes Innovation Organization & Culture( The Rider) and Finally the innovation as a product and service. If this product works effectively for longer gestation, it can improve and sustain as a practice.  Quick adaptability is not only the new age mantra, but also a competitive advantage in an era of risk and instability.

These innovative practices also focus on greater transparency have combined to upend the business situations that give a deep sense of unease to leadership. But that is the name of the game and leadership must be ready to meet such challenges and reflect agility for the same. Innovative management practices primarily focus on the ability to read and act on signals of change. Ability to experiment rapidly and at frequent intervals much beyond products and services with business models and processes, and strategies and finally the capability to motivate employees and partners.  The power of good innovation is some things are not easy to spot. Uncovering the not-so-obvious characteristics that could lead to quick quits is the real challenge in innovative management practices.

Sustainability in any management practice through innovation must address  A fair world, socially progressive world,  environmentally responsible world, a livable world, a viable world, economically growth oriented. A measure of excellence is to be ranked on happiness apart from economic growth mentioned herein. Ranking organizations and institutions based on innovative practices provide us the relatively to make decisions, set performance targets and decide where we stand. As a leader of leading business schools in India, I have witnessed the fact students do not go to the most popular schools if it does not suit your needs. This is nothing but a tip in the iceberg on the innovations even management education must make to play to the student’s strengths, an environment the student community wants. Most of the decisions are based on the context that works for the student or any employee of an organization. All the innovative practices must address the end user as it extends beyond products and services. On the innovation side, organizations and institutions must boost investment in learning and development, with the longevity and continuity in sight.  Learning and development is emerging as the critical piece of the jigsaw in Innovation practices.

The major component in innovative practices include alignment with business, diverse approaches, agility to change in midway, addressing diverse population last but not the least is the technology and social media as enablers for disseminating innovative practices to ensure there is a buy-in across segments and influencers. The Learning Management Systems (LMS) today are morphing from a outsourced courses to a repository for best practices.

The innovative practices stress the need for a platform to exchange creativity, ideas, views, through proper integration of social media tools like LinkedIn, FB, Twitter, Instagram and beyond. As a management educational practitioner, I am forced to think to conduct even a three credit course through WhatsApp and link LMS with Social Media including YouTube and other forms. The future model of innovative management practices will create a pipeline of talent, focus on critical competencies, use module relevant to context and culture. When I specifically talk about innovative practices in L&D, the agenda should never be insulated from the firm’s business needs or goals but evolve from it. Think, talk and do what you love to do. The Passion, trigger and inspiration will drive innovative thoughts and practices to the path of success for sure. 

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New Dimensions of Management Thoughts https://iirfranking.com/blog/knowledge-source/new-dimensions-of-management-thoughts/ https://iirfranking.com/blog/knowledge-source/new-dimensions-of-management-thoughts/#respond Mon, 08 Feb 2021 06:59:21 +0000 https://iirfranking.com/?p=10650 Globalization is just one of the features of changing times. The role of management practitioners […]

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Globalization is just one of the features of changing times. The role of management practitioners has phenomenally changed over the last ten years. The year 2020 is a year that was not only catastrophic but also a game-changer to many economies. It brought new dimensions to look at both personal and career. It brought out the resilience of certain economies of the world and exposed the weakness of many including the largest economies of the world.  The COVID 19 pandemic drained out several economies of the world. The existence of mankind continues to be dependent on virus-free air, infection-free society. It has also far-reaching implications for socio-economic development and educational systems globally. The newer management thought and the lessons learned from the pandemic will remain with us for the everchanging world. It has brought the management thought – Both inner and outer dimensions. Modern-day organizations face multiple trends and headwinds very often in chaotic ways. The only way to address these issues if these organizations want to survive and grow is to appreciate all the dimensions of individuals and the team.  The comprehensive use of appreciative inquiry as an organization development and individual development to cope with the everchanging and challenging world.


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Employee communication is a critical aspect and it has to be an appreciative dialogue. Policies and programs of an organization must be aimed at generating extrinsic motivation through economic incentives in the first phase and slowly connect to intrinsic motivations to achieve the desired result in the long run and slowly reduce the extrinsic. When we look at the dimension of inner and outer dimensions. The Extrinsic ones may lead to dissatisfaction in the long run. On the Contrary, if intrinsic motivations are already positive, extrinsic motivations would have to reinforce these intrinsic motivations. As the inner dimension is fuel by itself the sustainability is possible and further progress is very much on the cards. Every policymaker must recognize and acknowledge sustainable development as a goal. That is possible only the inner dimension of individuals are clearly addressed.  Many of the economic theories remain so as a theory if a scientific approach is not adopted to make it practical and application orientation. The modern management thoughts in any growing organization must understand all the dimensions of individual employees and align with the outer world may be a market place or competition for that matter. This will ensure both the sustainability and growth of organizations. Even the personal experiences of individuals when they are positive will result in the excellence of these organizations.  The second part of the inner dimension which will have a major impact on organizational performance is the innovative experiences and mindsets. This may include perpetual engagements, initiatives,  opportunity to create change are the enablers of employee empowerment. If there is a wider gap in the age group of a team, then the reverse mentoring on technological adaptation to non-tech savvy seniors will result in a win-win situation in organizations.

A unified and agile approach to serve the clients collaboratively in a cohesive way is the extension of the inner dimension. Another interesting aspect of the inner dimension for individual satisfaction is the humor in innovation practice as it plays a vital role in human interactions and social dynamics.  A mix of humorous ad serious interactions between employees and leaders will reduce resistance to change management. The mainstream of change may be a functionalist and rationalist, the humor acts as a management tool to first manipulate and then to control human behavior. When the growing organizations address the inner dimension, must be aware of the snowball effect of individual thinking which can facilitate capability building in an organization. Whatever upsetting individuals must be avoided while addressing this internal dimension of individuals. As thoughts are like a chain producing the next link, it ceases only when it reaches the incredibly agitating point to recall. While drafting the human resources policies ensure that they do not wake up the employees to think about the office and the duty to be performed the next day or the target to be achieved. This is called a thought attack which can result in a heart attack.  Humility and inner peace are the two critical aspects which address the inner dimension which can drive the intrinsic motivation to perform better. Therefore, a good practicing human resource manager must build these elements in the performance measurement and management system. As a management practitioner one tends to agree to the fact that accomplishment and achievement are very important for both an individual and an organizational growth, we cannot undermine the power of happiness and inner peace are important dimensions of a meaningful accomplishment of an individual. To put it in a nutshell, relaxing or enjoying while working is more important for better productivity than postponing relax aspect to a later date which means the life is always an emergency to deliver something. Management thinkers must give a thought about this aspect if they want to address the inner dimension.

In an everchanging organization to be successful and to be respected the inner dimensions need to be addressed through the community of practice to integrate academic and service settings to promote the intergenerational and intercultural mentoring process. This includes communication of practice,  identify the underpinning theories, look for border lands and then create a value proposition addressing both internal and external dimensions.  The unlocking of personal growth of individuals is possible only when there is an effort to consciously attain unlike the body functioning accessing every possible thing in the world to make all the parts work effectively. So the dimensions beyond physical needs to be looked into and addressed by the management practitioners. As the external dimension is a collective experience.  Management thinkers and practitioners must now rethink utilizing the unique talents which are part of the inner realm.  The mind and body are only the vehicles of experience and they are external facing.  Most of quality life works in silence than the talkative and expressive ones. There is always a vast dormant space within every being, that is from where all the ideas arise. The Management practitioners must dwell deep into this space to make it a conscious awareness to bring out the best of abilities which are unique from every single individual in the team for both sustainability and growth of organizations. Is it possible to watch the mind from a distance is the question to management practitioners.

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