Saturday, May 2, 2009

Taking Stock

Work is quite an important aspect of life; very demanding. The identities, to a great extent, are derived from the Business Card that one holds; so it better be IMPRESSIVE! World over the anxieties went high with lay-offs and pay-cuts, posing a threat to an identity crisis. There was a sudden realization of how important it is to:

  • be GOOD in what you deliver
  • be CREDIBLE and RESPONSIBLE
  • have an EDGE above others
  • IMPROVE continuously
  • be PROFESSIONAL

Management is busy re-designing, re-structuring, re-engineering policies, re-defining, and re-calculating, re-visiting investments. Individuals are spending efforts in re-looking options for fall-back (if need be), developing skills, and being cautious in spending.

The scenario is calling for better Governance structures, and much better Portfolio Management. An effective PMO is the need of the hour. It is never too late.

The 're' exercises are keeping my hands full. A visit to an automobile manufacturing plant last week was fascinating. While interacting with the Champions of their Operational Excellence Team I learnt – they make 6 to 8 thousand units per day per plant. Most interestingly, they don't keep an inventory greater than ONE day! All the units are sold the same day on the gate! Quite contradictory to the state of economy I am talking about above... Surely, it is because of the presence of strong governance structures. They want to improvise further, and this engagement with them will be quite interesting J

Amidst all, words of wisdom – 'work to earn a living, and not just live to work'

Happy Living

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