Project - We Like: Presenting:-Mr. Swapnil Karade Admission Number: - HPG D/JA20/1172
Project - We Like: Presenting:-Mr. Swapnil Karade Admission Number: - HPG D/JA20/1172
Presenting :-
The video by Prof. Suruchi Yadav explains how the first time leaders
should lead a team of experienced people. She states one should
acknowledge the challenges while leading a team for the first time due
to low in hierarchy, low experience, insecurity and lack of confidence.
One should respect it and ready to face the hurdles.
There is a general negative perceptions about the new leader, doubt on
Instant “take-over” attitude, Short attention span of work life (move on
to next thing in a short span of time).
The new generation is too much multitasking like in social, corporate,
internet, study, travel, adventure life. Irresponsible and don’t take
accountability seriously like not doing the task in time. High pay packet
politics is there since management graduate earns more money that
existing experienced employees.
If you walk through these challenges and respect it, you can efficiently
lead a team. She demonstrates few examples of successful leaders like
Sanjay Singh who gathered his team together who are more
experienced than him for one goal and how they are going to be
benefited. Mark Zuckerberg who established an facebook business
successfully, Virat Kohli under 30 who lead his country cricket team.
The mantra to get over the challenges in leading the team early is to
start preparing before you enter workforce, do vocational work, domain
may be different but leading the people is basically same. So knowledge
doesn’t go waste.
Give due respect and credit to experience in your team. Learn to give
respect and credit for all the stakeholders work profile and experience.
Be observant and tune into the specific culture. Shed hesitation and be
open to learning.
Sit on the critical task personally with the team to get the job done in a
proper way instead of shooting the instructions. Show curiosity and
involvement in the job and get equipped with the knowledge. Enhance
your basic knowledge of other departments.
Be understanding of obstacles, respect it and participate in it to support
the team. Don’t judge too quickly there can be many valid reason
behind it. Don’t play blame game and be a part of the team.
Don’t do the micro management and have follow-up every 2 hours.
Keep their family responsibilities in mind. Be respectful to the off time
of the reporting employees. Don’t pick odd hours for the work.
Try to be a change agent fixed issues. Try to think to resolve the
problem. Show respect to the regulatory issues and don’t be a rule
breaker.
Learn from your superior, have an unofficial mentor, be an unofficial
mentor at various platforms.
Link team output to team success and benefits. If a team is successful it
benefits the business and everyone is rewarded. At the end if the firm is
success then all the employees have the participation in it and get the
benefits.
In the end a successful leader is a one who empowers others around to
give their best.
WeTube - A guide to business funding
Presented by Mr. Nitesh Verma
The presenter Mr. Nitesh Verma is explaining how to pitch the funding
for a start up or business. He demonstrates a template for business
funding.
State your business/service product clearly along with company name if
it really required. State a tagline only if you really know what your
business. It should be unique, concise, consistent, understood to target
segment and keep it positive. It must have the technical advantage in a
simple message.
The new trend is the benefit line. It states what does your business do, for
whom and how. It’s a simple statement of intent, its genuine and explains
utility and usefulness.
Problem statement in template talks about the number of buyers and in
revenue. How painful is it to the market. Know about competitors and
substitutes.
Powerfully and crisply explain how you have thought through a
solution of the discovered pain points. This is important since the
problem identified and solution found should be ‘business worthy’
enough to proceed from here on.
Present the basics of your proposed solution, basic unique advantage
over other solution. Define scale and timeline of the advantage. Show
the value proposition which will make the customers life better. Show
where your product fits.
Show unique advantages in terms of intellectual property, unique
processes, relationship, sustainable price point. Show the visual
references of problem and solution. This sets the stage to prove that
you have a prototype ready.
Describe your business proposition crisply and what benefit it offers.
How do you wish to plan and execute the business. Identify the market
size. Set up the core strategy.
Discuss about financial modeling, how to think of revenue modeling
not about how much revenue you will make here. State what you are
looking for like money, relationship, partnership. Discuss about 5 year
projection plan and possible exit scenarios and returns. Plan cash
flows.
Mention the threats and weaknesses. What will be the outcome of
business. List the founders and team. Have Q&A session. Keep the
topic open always for discussion. The 5 growth stages for a start up are
existence, survival, success, Take-off, Resource maturity.
WeTube - Solution selling
By Prof. Arvinash Potdar
A cool supply chain solution talks about the 3PL’s cool technology
solution that streamlines processes and minimizes service disruptions.
Igloo Products Corp have partnered with logistic solution provider AGL
to automate its purchase order process which resulted in cost cutting
and streamlined its processes. It is way forward solution which has the
contingency plans for port strikes and Hanjin bankruptcy.
The Ignoo was able to find the right partner since they had a clear RFQ
stating the focus was to automate and manage the purchase order
process. AGL was able to grab the requirement of Ignoo’s and
streamlined the operation through step by step process.
One key solution AGL developed was a customer repository. Through
AGL's customer repository, Igloo employees can log in, pull a customer
profile, and review the rules.
The solution has enabled the information to every customer. This is
key, as each Igloo customer service representative handles all
transportation modes and both imported and exported products for
specific customer accounts.
AGL team members shadowed Igloo employees involved in daily
operations, learning what they did, and how and why they did it. Using
this information, AGL identified operational pain points and was able
to develop a solution that addressed those needs.
For the better visibility the stakeholders have collaborated well and
being a single funnel of information allows management to identify the
areas where the company needs to concentrate.
Since the two companies began working together, costs within the
import/export function at Igloo headquarters have declined by 15 to 20
percent. Employees no longer waste time hunting for paper documents.
And, by consolidating information that had been scattered across
departments to provide a single point of visibility.
Five benefits that make e-procurement an investment asset
The article speaks about one must posses the negotiation skill and need to
know how to negotiate.
One should get clear on negotiation goals. One should ask themselves, what’s
the best possible outcome, what’s your bottom line means least acceptable
offer and what’s your plan ‘B’ means best alternative to a negotiated
agreement.
The second major idea we covered was the importance of going into the
negotiation with a core negotiation strategy. creating a core negotiation
strategy is all about -- finding the doorway that you want to enter the
negotiation through. That could be the doorway of safety and liability or of
value, the doorway of competition or of future business.
You have a "signature" in negotiations just like you have one with documents.
That signature is the habitual way that you go about a negotiation.
You have a "signature" in negotiations just like you have one with
documents. That signature is the habitual way that you go about a
negotiation. This is a particularly critical step toward growth as a
negotiator, because there's one thing you can guarantee when it comes to
negotiations.
One of the most powerful things you can do in a negotiation is draw out
why the other party wants to make a deal. Asking questions about their
competition and why they want to work with you, what's in it for them,
builds your negotiating counterpart's motivation.
It's human nature that in any negotiation, one party will be eager and the
other will be reluctant. use your body language to communicate your
reluctance. Also consider how you can manipulate your voice to sound
more reluctant. Just by taking on the role of the reluctant party, you can
actually force your opponent to take on the role of the eager party.
Ratan Tata’s success mantra: Be leaders, Not followers to build
the future.
The inspiring words from Mr. Ratan Tata for their employees at Tata
Motors says “to be leaders, and not followers,”.
After motivating the employees under Chandra’s and Guenter’s
leadership, he believes that they will build the future. The unit has
tremendous spirit and capabilities.
In-spite of loosing the market share the company has achieved a lot.
The company has been working with the same spirit, that same do-
ability is back together.
N Chandrasekaran observed that there was a tremendous change in
mood in the company, it is moving in the right direction.
Guenter Butschek, the MD of Tata Motors said that the Turnaround is a
continuous process. “We delivered effectively in CV domestic, and
while continuing this strong performance in CV, we also need to ensure
a similar uptick in performance for our passenger vehicle business,
thereby ensuring that PV becomes financially self-sustainable.”
3 powerful habits that can make (or break) your success
The article speaks about the powerful habits that can make you a
success. The highlight is never underestimate the importance of sleep.
life is about simple pleasures and joys and that happiness is attainable
at any moment. There are three habits that stand head and shoulders
above the rest.
Developing a Stoic Mindset :- Its basic premise is that, through
constant self improvement and development of self control, we can
transcend the chaos of daily life and live in a state of peace and
prosperity.
It sets out to remind us of how unpredictable the world can be. How
brief our moment of life is. How to be steadfast, and strong, and in
control of yourself. And finally, that the source of our dissatisfaction
lies in our impulsive dependency on our reflexive senses rather than
logic.
It's helped me embrace minimalism, appreciate the brevity of life, and truly
learn to control my emotions and master my mind. One of the best habits
that you can pick up is to read a book on stoic philosophy for 30 minutes
each morning.
Exercising Outdoors for at Least 60 Minutes a Day & Eating a Clean Diet :-
The lessons that you learn in the gym will have a positive impact on every
area of your life and will leave you feeling, looking, and performing better
than ever before. Pick a simple program that you enjoy and stick to it.
Sleeping 8+ Hours a Night :- You need to prioritize your sleep.
Sleep deprivation (6 hours or less for most people) slows your cognitive
process without you even realizing it. It's a form of self-torture. If you
aren't sleeping 8 hours a night, you are doing something wrong. Get your 8
hours and you'll perform better, feel better, and do better than you would
getting 6 hours but waking up early.
Thank you.