Saturday, 24 January 2015
Friday, 16 January 2015
Sunday, 11 January 2015
I have been under the weather for some time now. All of a sudden Sleeplessness has become a constant companion. Blurred thinking and clouds below eyes are telling a story.
My family and friends (specially few young ones) are helping me destressing. I have been writing regularly. Restarted little bit of poetry and yes music has come back to life.
It set me thinking, specially while travelling to home ( to meet my lovely princesses and the anchor of my life, Seema).
Last one year has been rather difficult and challenging. Some of the challenges are:
1. Constantly living away from family
2. Extended work hours ( min 14 hrs per day)
3. Above all ,most challenging assignment , bringing online new assets.
Work pressures in corporate life is not new. To some extent, it promotes excellence. But question is how much of this is OK. We give up some part of ourselves (may be on permanent basis) in these situations. We will never be able to retrieve back this lost part again.
What is then the sweet spot for all of us? I am grappling with this question right now.
Something, which comes to mind immediately is to check if the contribution you are making while going through the pressure situation is worth it.
In my case, the answer seems to be yes. Bringing new assets online is exciting and challenging. It creates permanent source of employment and livelihood for people. It also adds value to the national economy.
Please keep one thing in mind, realise that the pressure is on you. This realisation itself is enough sometime.
I invite all of you to contribute your experiences and how you are tackling it.
Love to hear from you, as always.
Saturday, 10 January 2015
We dont want new version of same old windows which takes forever to boot and hangs up whenever it feels like. We want a completely new way of interacting with computers, kinesthetic may just be be one of them.
This needs complete change in the way company works and innovates. Above all it needs an incredibly smart leader and and rekindling of everlasting excellence culture.
Tuesday, 6 January 2015
China’s Contribution To The New Global Financial Crisis
- All entries till Dec-2014 have been safely archived. Copies of this can be had on request to email@example.com.
- I may also like to implement invite based access in future. Any comments?
The trend is very clear and you will be committing career suicide if you hold on to the idea that China’s problems only amount to a lack of “old style” economic stimulus – and that a bit of old style stimulus is just around the corner.
It is essential that you therefore waste no more time by listening to analysts who still think that the worst things get, the more likely it is that the government will blink. We saw more evidence of this kind of thinking yesterday when analysts predicted “more easing measures” following the release of disappointing purchasing managers’ indices.
One of the potential easing measures analysts identified was another cut in interest rates.
Sorry, but this just seem to add up. The interest rate cut, which was announced on 21 November, was not about boosting growth. It was instead about easing the debt burden of companies as economic reform accelerates.
The cut in the cost of borrowing was accompanied by a widening of the range of deposit rates that banks can offer. This is a key step towards full liberalisation of the banking sector, as was another very important government announcement over the weekend: A draft plan to force banks to provide their own deposit insurance.
Widening deposit rates that banks can offer is about forcing lenders to more aggressively compete for funds from savers. This is designed to make banks exercise much better due diligence on lending.
And the deposit insurance scheme, in effect, says to lenders: “You will eventually be on your own and can and will be allowed to go bust if you continue to make bad loans. The implicit guarantee – that the government will always come to your rescue – is going to disappear.”
There is nothing short of an economic revolution taking place in China right now, which is pretty much experimental in nature – as was Deng Xiaoping’s earlier economic revolution that began in the early 1990s.
Deng’s revolution worked, but it could have gone wrong.
Xi and Li’s revolution will work in the long run, I think – but you cannot discount the possibility that it will go entirely wrong.
At the very least, this will not be a smooth transition and will involve lots of trial and error, as the potential pitfalls of bank liberalisation neatly illustrate. There will also be short term compromises to keep enough people on board, but these compromises will not indicate that the overall direction has changed.
Domestic economic growth has to be much lower as this transition takes place – and “real growth” could quite easily slip into negative territory over the next few years.
If you still don’t buy this argument, which I have been making for several years now, you don’t have to listen to me. Instead, just listen to the government.
Last week, for example, government researchers announced that:
- Government stimulus has resulted in $6.8 trillion in wasted investment since 2009.
- In 2009 and 2013 alone, “ineffective investment” came to nearly half the total invested in the Chinese economy during those two years.
The same message has been behind the government’s much-greater openness about the scale of its environmental challenges.
The slowdown in growth that we have already seen in China is one of the triggers for the new global financial crisis (GFC) that I discussed yesterday.
There is a second “China factor” behind the new global crisis, which The Financial Times highlighted in this article on deflation.
I don’t believe that the FT went far enough. Whilst it recognised that China would “export deflation”, via its huge manufacturing surpluses, it viewed this not as a deliberate policy, but rather only really happenstance – an unintended consequence of the credit binge.
That’s right, yes. But I think China will also be forced to export deflation as a policy measure. Gaining greater share of export markets will enable it to preserve job as growth at home continues to slow down.
As the Great Unwinding gathers pace, we must also not forget about how the impact of commodities, bought by China, that have been warehoused. Once they are sold, this will add to downward price spirals in chemicals, copper, aluminium and other commodities.
Pessimistic? No, realistic I believe – and realism will keep you in work.
Saturday, 3 January 2015
Foundational values - Strength or Weakness?
Foundational values are the core of human behavior. These values are traditionally called Dharma. These values are set at the very childhood, through several influencing factors, few of them are:
1. Parental influence
2. Societal Influence
3. Educational influence
Out of these, first one is of paramount importance, because it builds the basis frame work of person's behavior. Which are then strengthened by balance two.
Having keenly observed behaviors of many personnel, across generations, I have come to conclusion that these behaviors generally remain constant over the period. Having said that, I hasten to add that changes happen, but are triggered by some event.
Problem with foundational values is that you struggle with realities of life. My personnel struggle has been in leadership domain.
Having come from a traditional middle class family, my value system places a very high priority on respect to elders, sometimes even above excellence.
However, leadership roles force responsibility of managing direct reports who are older to me. Lot of struggle goes inside while questioning these personnel for non performance. In the past, respect always won over performance. I realized it very late but by then lot of damage was already done.
Fortunately for me, lately, the better sense has been prevailing over me. However, I need to change even more. Some youngsters, have been helping me in this transformation by their impatient questions over the non performance.
Summarizing, foundational values are strengths only if you put right priorities them. Else, they become weakness resulting in sub par performance from individuals.
Adieu for next seven days....