In my last post, I had mentioned about the simple book, which can teach all..Here are a few things which I get to realise, and be able to see the common mistakes people make at their business end.
1.To demean the value of every and any employee, big or small.
2.To focus on only growth or only profit, and if a small enterprise, to only focus on market capturing.
3.To not question the basics questions of survival, our potential, our strengths, our weaknesses and our threats.(just like SWOT analysis)
4.The importance of communication at ALL levels.
5.The ability to not only generate ideas, but the power of execution.(there is a common saying that ideation without execution is dillusion)
There are many other points as well, but they are interlinked to the ones mentioned above. Not that we or our company never faced or focused on many issues mentioned above, but to maintain the focus and on some occasions, the ignorance towards some basic things, did cause a lot of trouble.
The ideology, or the path this book provides, simplifies all such issues...it though only shows us the direction through live examples, there's a lot more that can be explored within the company for better inculcation of the methods this book provides. It all comes to the basic conclusion that if one does not know his/her company well...they cannot succeed beyond a limit.
Its not about mugging up those balance sheets, as the book also says, its about knowing and caring for both the product and the product makers(your employees).
And most of all "the customer and consumer"
I often heard my father say, that power cannot be in the hands of a single person, it has to be distributed wisely amongst those who are capable. But, if you think you can run a "One Man Show", you'll end up being a "One Man Company". Give your eligible employees both the space and time to deal with few things themselves, those things which they are best or good at!
Let them decide, what is best for the company, and hence make them a part of the company..it is more like a family feeling then..
I understand, how much meaning his words have. Not everyone is after money alone, there is also respect, recognition and power, which lure people.
I'm still waiting for the best to come, though this book is on the verge to be finished soon..
Thursday, May 15, 2008
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