Sunday, February 21, 2010

Trust in Organization Important ?

When trust exists in an organization, probably everything else is easier to achieve. We all think we know what Trust is from our own experience, but we don't know much about how to improve it. Why? Because we have been taught to look at Trust as if it were a single factor. Do not try to guess what your staff or boss thinks as you may not be always in line with their thoughts and your act against their will may lead to distrust from the staff.


Why Trust is important in an Organization and how important is building a trusting work environment?

Trust is the necessary precursor in any teamwork and they are basically for :

• feeling able to rely upon a person,

• cooperating with and experiencing teamwork within a group,

• taking thoughtful or calculated risks, and

• experiencing believable communication.

Ways to create and preserve trusting relationships in a trust promoting work environment.

• Hire and promote suitable, qualified, experience people, who are capable of forming positive, trusting interpersonal relationships with people who report to them, to supervisory positions. It should not be by favouritism or by providing opportunity to groom if they are inexperience.

• Develop the skills of all employees and especially those of current supervisors and people desiring promotion, in interpersonal relationship building and effectiveness. Be fair and equal to all and no prejudice.

• Keep staff members informed. Provide information as much as you can comfortably divulge as soon.

• Expect supervisors to act with integrity and keep commitments. If you cannot, explain what is happening in the situation without delay. Current behavior and actions are perceived by employees as the basis for predicting future behavior.

• Confront problematic issues in a timely manner. If an employee has excessive absences or spends work time wandering around, it is important to confront the employee about these issues. Other employees will watch and trust you more.

• Protect the interest of all employees in a work group. Do not talk about absent employees, nor allow others to place blame, call names, or point fingers.

• Display competence in supervisory and other work tasks. Know what you are talking about, and if you don’t know—be frank and admit it. Nothing to be shy about not knowing it.

• If you are a supervisor or a team member, set high expectations and act as if you believe staff members are capable of living up to them.

The Human Resources professional has a special role in promoting trust. So do line managers. You coach managers and supervisors about all of the appropriate roles described above in building trust relationships.

Engage in trust building and team building activities only when there is a sincere desire in your organization to create a trusting, empowering, team-oriented work environment. Engaging in these activities for any but honorable reasons is a travesty and a sham. People will know the difference, or they will find out, and then, they will never trust you.


Build Relationship Over Time

Trust is built and maintained by many small actions over time. It is not a matter of technique, but of character; we are trusted because of our way of being, not because of our polished exteriors or our expertly crafted communications.

Trust is telling the truth, even when it is difficult, and being truthful, authentic, and trustworthy in your dealings with customers and staff. Can rewarding, mission-serving, life- and work-enhancing actions get any simpler than this? Very very likely not.


Looks like Trust is gone with BP ??

BP CEO TH was so busy defending the company’s handling of the Gulf of Mexico oil spill, he failed to follow manager-in-crisis rule No. 1: Check with your own guys on the inside to make sure your assertions of success are in fact accurate. Or, put a different way: Don’t lie.


During an interview with BBC, he outlined in detail how well BP was handling loss-of-income and other compensation claims filed by Gulf residents. Which would be great, if it were in fact true. This latest gaff is egregious, in large part, because Hayward is so ridiculously self-assured and emphatic as he makes a wildly inaccurate claim.

Here’s what he told BBC :
Well you know what we have done so far is pay every claim that’s been presented to us, and we will continue to do that. You know the most important thing in terms of claims today is to ensure that people who can’t fish today have the wherewithal to feed their families.
And we’ve taken a claims process that has taken 45 days traditionally in the United States and shortened it to 48 hours. It takes 12 seconds when you phone the BP claims line to be put into the process, and be given a number. If you turn up at the claims office, within 48 hours you’re given a check. You take it to a bank and you cash the check. We are going to continue to do that.

Here’s the reality of it all. BP is paying out claims, but not every one — not even close. BP had received 37,000 claims for compensation as of Monday, according to Darryl Willis, the company vice president overseeing the claims process. Of those claims, 18,000 — or about 48 percent — have been paid out for a total of nearly $50 million. BP announced a second round of payments this month, which will bring the total to $84 million.

It’s not just that BP is behind on its claims. Once again, BP has failed to share information, giving the public another reason not to trust the company. BP has repeatedly denied requests from the Louisiana state government — including the attorney general’s office — to share its claims database or even explain how it decides to grant or deny claims.

And this makes it incredibly difficult for state agencies to look out for the interests of Gulf region workers and businesses. Among the hardest hit, to date, are the growing number of small businesses that have yet to see any money. About 90 percent of the paid out claims have gone to out of work fishermen, and about 10 percent of the payments have made it to small businesses, based on the information available.

Moral of story, do not make up "story"  !

Watch Out Your Net Reputation ! !

Those of you often keep posting your blogs, social networking, professional linking to others like using “Linkedin” are advised to manage your site and upkeeping your net reputation is crucial. And for those who are still in the job hunting days, you need to watch out as your potential hirer may check on your sites to find “tell-tale” signs of any of your “flaws” which may cost you your future landing of a job. Nowadays recruiters may spend some time and use search engine to learn more about candidates and some recruiters had eliminated candidates basing on information they found online and they may judge from there your character,etc. Self-Googling isn't an act of narcissism; it's a smart way to determine whether your online personality jives with how you fit into the potential employer’s portfolio and work environment.
Google ranks content according to relevance--how closely it resembles the search term--and popularity--how many other sites are linking to it. Say, if your name happened to be in a security service blotter or some lover's blog post, let alone a negative article in The Wall Street Journal, you have very little chance of getting that content removed from the Web. Google may not remove content just because you ask it to. Your best option is to overwhelm the bad content with the good, so that your embarrassing links are less likely to rank high. Focus on publishing content about yourself that you can control and do not over publicised and say things that reflect badly on you, portrays yourself in a positive light, never condemn or criticise others. If you are depress, do write something positive to show that you are able to overcome your whatever stresses,etc....
To ramp up your positive image in the Web, start with blogs and social networking sites. Create a profile on LinkedIn where you link with professionals and write about yourself in the third person so that the site will have more relevance in the eyes of a search engine. Don't overdo it on Twitter, since too many Tweets may make prospective employer question your focus at work. You can write about your area of expertise, post your resume and keep track of your professional accomplishments. Show off your expertise by writing guest articles on blogs that are relevant to your industry but be careful not to divulge any proprietary company information, else you get call up to the boss desk..
Web doppelgangers ( double-goer ) may muddle your online reputation. If there are a dozen people with your name, you can step up your search engine optimization efforts by adding more pages to your Web site (to increase relevance), or asking friends to link to your Web site (to increase popularity). If you're convinced that a future employer may confuse you with someone else, mention that person on your blog with a reference such as, "I'm not this Tom Harry, but it seems like he has a good pay position."
Once you've settled into a new job, continue monitoring your Web reputation by setting up a Google Alert with your name. Take the time to build up a positive Web ID. Go ahead and build that content now, before you need it, give that content time to percolate and move its way around the Web.

Tips on your Net reputation

- Aware How Others assess you online
Self-Googling isn't an act of narcissism; it's a smart way to determine whether your online personality jives with how you want the world to view you. Scour the web for mentions of your name.

- Be Prudent
Change your Facebook settings so that you're not inadvertently publicizing your private information, including status updates, photos and shared links

- Use Social sites to Your Advantage
Create a profile on LinkedIn and write about yourself in the third person so that the site will have more relevance in the eyes of a search engine.

- Create and control your web Content
Use free software like WordPress or TypePad to create a blog, where you can write about your area of expertise, post your resume and keep track of your professional accomplishments.

- Position Yourself
Show off your expertise by writing guest articles on blogs that are relevant to your industry.

- Beware of Those with similar names
If there are a dozen people with your name, you can step up your search engine optimization efforts by adding more pages to your web site (to increase relevance), or asking friends to link to your Web site (to increase popularity). If you're convinced that a future employer may confuse you with someone else, mention that person on your blog with a reference such as, "I'm not this Tom Jones, but it seems like he has a cool job."

- Pay Attention to Your Web ID
Set up a Google alert for your name, so you know whenever something new appears online that could affect your online reputation.


More on ways to upkeep your web repute :

• Use your professional name. And if you’re a lady who has taken her husband’s name, do the Facebook trick of including your maiden name to make it easier for colleagues and friends to find you.


• Use a professional photoshot. Not a snapshot while on vacation or using a cheap handphone set with low megapixel.

• Add a Professional Headline. You can find it on the Edit My Profile page. It should be a short and sharp, one-line bio. Never self-profess unemployed in the headline as that may indicate you are desperate.

• Be precise on your past positions. Be specific about what activities you do that best represent your present and future career.

• Describe your Web site or blog. Don’t list the name of the site, which is probably somewhat vague. Get right to the point by describing its function.

• Request recommendations. It’s okay to ask people for recommendations — seek out people that would complement your goals.

Saturday, February 20, 2010

MBA - International Corporate Strategy

International Corporate Strategy study  ( This report was for purpose of project study and may not carry any significant weightage on the findings to the organization named )


MBA ICS Report1

Friday, February 19, 2010

What it means to be Rich ??

What does it mean to be rich? Are rich and famous completely different from you and me? Recently one market research did a survey and found some answers we could learn from those being interviewed. Whether the survey is anything conclusive or not but the general findings below are likely to be "commonsense" if you were getting those feedback and probably you will also buy into the ideas coming out from the rich.  Try only if you have spare cash to flout or flounder, otherwise you end up in misery and alone if you end up bankrupt.

While almost everyone the interview had carried out said luck and timing played a role in their success, this had some similarities in the responses. Most of the truly rich, perhaps surprisingly, are not that different from you and me. They have the fears about their health and their children's future and the same basic desires as you and me have.

However, some differences.
The first secret of the truly rich is that they are never afraid to fail. Most said that at one point they had had a choice to either stick to an easy, secure route or take a calculated risk. To reach the truly heights of wealth, some extreme risk is needed. If you look for security in a job or are scared to try something different, you won't get far in the pursuit of super wealth.
Even when they had failed--and every single one of them had at least once--the truly rich said they had used those experiences to learn from their mistakes and get back in some time later. They had avoided letting failure destroy their optimism and their passion.

An Internet executive said his net worth had surpassed $1 billion during the dot-com bubble. He had partied with famous rock singer and jetted around the world on in his own jet plane. His net worth collapsed when the bubble burst. Instead of letting failure and financial difficulty stop him, he went out and tried again. He learned from his mistakes and created another tech company that actually had a business model and didn't rely merely on eyeball hits and being cool. The result? He just sold his last company for several hundred million dollars. He has that jet back, but he isn't resting on his laurels at the beach. Instead, he has started yet another company.

The second secret of the truly rich is that they look creatively at problems to find new income sources. Often they looked at problems from different angles and liked to go against the grain. They recognized that everyone else believing or doing something didn't make it right. But being a contrarian for the sake of being contrary was no solution either. They knew they always had to think critically when analyzing any problems

An oil executive said decades ago he had wanted to make better use of gas stations. They were profitable, but he felt they wasted space. People would drive up, fill up and then drive off again from the expensive real estate. His solution? Put in convenience stores, so people could buy gas and snacks at the same time. At first, he got a lot of ridicule for the idea. Who would buy petroleum and coffee together?
Well, today you'd be hard pressed to find a gas station without a convenience store. That executive is among the truly rich because he looked creatively at a problem and didn't let a little criticism discourage him.
The third secret of the truly rich is that they marry well. Not that they find a rich heir or heiress to wed, though that might not hurt. Rather, most of the truly rich, especially the self-made ones, said that having a good spouse had been critical to their success. Starting a company or running a conglomerate takes a lot of sacrifices. The stress can be a killer. Having a good spouse to support you and, most important, believe in you as you struggle to the top is critical.  [ Obviously the Woods having a good wife did not follow this advice and gone astray and now trying hard to find back his club not just his broken tooth ?? ]