The Bovine People

Well, may be this headline sounds unusual, however let me give it a try what I want to say!

When this word “bovine” came before me, I was immediately able to correlate it with lifestyle of many of my friends whom I know personally.

So what I mean by “the bovine people”

The point which I am discussing is that I find my lots of friends living a life like a cow. They go to office, return, have food, sleep, and then again office. They pay EMIs in first week of month and for the rest of month wait for month’s salary.

I have a good friend circle and I observe them, their thoughts, their vision for the society, their contribution towards others, etc.

I don’t feel elated, when I observe they are trapped in loans which can be Education Loan, House Loan, Personal Loan (mostly from credit cards), etc.

What I notice mostly that they are too much trapped to think outside the box now.

Hardly anyone talk about Entrepreneurship, fighting for social causes, becoming business tycoons, having eccentric life plans which can be such as world tour, may be settling near a pristine beach for few years, leaving everything and search for inner voice, etc.

Take the example of Steve Jobs here. He was not the conventional guy obviously.

What was the secret of his amazing success and most importantly his impact on the society. He followed a very unconventional path. He started Apple. He was demob from the same company which he founded. He even had a brief stint in India where I tried to meditate and self discovery. He even chose to learn Calligraphy. Etc. So he was not “bovine” of course.

The other good motivational book which I get remind of here is The Monk Who Sold His Ferrari. Something similar written there also. How the lead character left the successful career of lawyer and went to Himalayas in search of salvation.

It might be true, what I am writing here mostly applicable for developing nations citizens, and in terms of percentage, and per capita income, developing vs developed nations can vary, but for sure every society is having bovine people.

Now, I am not recommending that one should keep changing career tracks or it is not good to stick to one particular lifestyle, etc. Japanese society if we take for example encourages life long association with one single company which is in deep contrast to American lifestyle where frequent changes are norm.

The point is why live “Bovine”. We are Humans. Not Cows. You are just giving milk and the company is feeding you with grass in terms of small amount of money.

When in this world which is so beautiful, different, vibrant, where you can do so much exciting things, you live a life of cow.

By this blog, I just want to encourage people to take new paths, unexplored, risky. Why fear from failure.

Ships are safest in the harbor, but are they meant for being there.

Why not explore wild life, sea beaches, snow mountains, rainy forests, river rafting, sky diving, islands, scuba, helping poor, teaching underprivileged, writing, reading, long driving, etc. And I also recommend to come out of addictive usage of social media on internet and even TV. Meet people. See people. Talk people. Be Social.

Thnx

God Bless!!

www.rishabhagarwal.in

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Shri Modi and Jim Collins – Good to Great

H’ble PM Shri Narendra Bhai Modi is truly a spectacular leader with charismatic personality. His aura is awesome and his story is highly inspiring. I want to dedicate few blogs to this great leader.

I noticed Shri Modi’s style of working has interesting similarity from the traits discussed in the famed book of Jim Collin’s – Good to Great!!

1. Level 5 Leadership: Leaders who are humble, but driven to do what’s best for the company

(in this context hence company is country)

Humility + Will = Level 5 Leadership

Shri Modi said in his speech that he is Chief Servant to the people and not their Ruler. Very different from previous leaders who many times forgot the real problems of their country men.

Shri Modi is humble. And at the same time commands. This is a unique combination discussed in this book which studied in detail why few companies becomes Great and one of the findings was Level 5 Leadership.

2. First Who, Then What: Get the right people on the bus, then figure out where to go. Finding the right people and trying them out in different positions.

Again Shri Modi successfully created a great team. Look at the profile of his core team. He is getting highly competent people on his bus.

To lead the nation towards Greatness. He is making sure that people with variety of skills on job. Gone are the days when sycophants were getting top portfolios.

Shri Modi has brought a great team including people who were staying in US and working for the country from there.

3. Confront the Brutal Facts: The Stockdale paradox—Confront the brutal truth of the situation, yet at the same time, never give up hope.

Shri Modi’s foreign visits in a blitzkrieg style is awe inspiring. The kind of energy he is displaying and bringing amazing renaissance in the whole Foreign Policy of the country.

Why Shri Modi made these visits including Japan, USA, Australia, etc.? What was the real intent.?

It took 28 years to an Indian PM to make visit to Australia.

Also, an again very interesting story that H’ble PM of Japan Mr. Abe follows only 3 people on Twitter, one of them is Shri Modi.

For the first time a serving US President visits India twice and for the first time on its Republic Day!! An highly symbolic visit can send tremors in the region and placed India truly on the World Table.

So why Shri Modi is doing all this. He has realized that country’s economy is in pretty bad shape because of previous mismanagement and scams which rocked the nation.

  1. To attract foreign investments and technology is his top priority
  2. To revive almost dead Foreign Policy of India
  3. To bring India truly on the World Table

Bringing Foreign MNCs will create jobs, improve infrastructure, improve life style of the deprived Bottom of the Pyramid Class.

4. Hedgehog Concept: Three overlapping circles: What lights your fire (“passion”)? What could you be best in the world at (“best at”)? What makes you money (“driving resource”)?

What India is good at. Shri Modi tried to figure it out. And what is neglected which can be made strength rather than weakness.

India has a lot potential in tourism. It is a great nation and a sub continent in itself. Tourism can bring immense money, jobs, soft power alleviation, etc.

The major campaign of Clean India under “Swatch Bharat” is a major thrust in this direction.

Again “Make In India” campaign is another major step in the same direction. India as a nation is having large population. It makes sense to make within the country and create employment. Which is the need of hour.

I guess still lot of work needs to be done in Hedgehog field of the country.

5. Culture of Discipline: Rinsing the cottage cheese.

Shri Modi believes in discipline. Anyone who observes him can easily figure this out. The kind of energy he displays has inspired ever other world leaders including H’ble US President Mr. Obama.

Shri Modi and his team is working round the clock to make sure to fill the pits in the economy and bring it on right track.

6. Technology Accelerators: Using technology to accelerate growth, within the three circles of the hedgehog concept.

I’m not sure which technology analogy can be suggested here. What I guess is following:

the kind of foreign developed nations’ willingness showed in recent times towards India can be Game Changer.

Make In India campaign requires tremendous support and engagement with countries including Americas, Japan, Europe, BRICs, etc.

7. The Flywheel: The additive effect of many small initiatives; they act on each other like compound interest.

Lastly all the combined efforts mentioned above by Shri Modi and his team can create is:

The Flywheel Effect. If he succeeds in his efforts of bringing a Vibrant Economy and Ecosystem favoring Entrepreneurs, the overall effect can be compound and will keep on creating wealth and prosperity.

Now at the finish of this blog, I believe India can contribute in a very health manner to the world peace and prosperity. It can witness largest change in history of mankind in terms of poverty alleviation, jobs creation, per capita income growth, stability in the APAC region, and encouraging democratic values.

God Bless!!

www.rishabhagarwal.in

The Resilience Strategy (2)

What is Resilience??

Well, ability to bounce back.

When you press grass by foot, it resurrects when you remove your foot. So when hard time comes, why surrender and collapse, why not bounce back. I meant here mostly for the large corporates though this principle is equally applicable on personal life.

I studied in detail when I was in IIM Calcutta few good strategy tools. The most inspiring ones were The Break Through Management and The Blue Ocean Strategy.

I fortunately studied the former i.e. BTM from the very professor who first introduced this subject and is recipient of Deming Prize, H’ble Professor Shoji Shiba. He is international management guru who taught us this subject in detail for almost 3 weeks and 10 hours daily without any break inclusive of Sundays.

BOS is also famous work of two INSEAD professors who carried study across a range of industries spanning over a period of many decades, etc. And how those companies survived difficult times.

Both strategies came with very interesting similar findings but in different styles and contexts.

I add a third angle to these two strategy theories. I term it as “The Resilience Strategy (TRS)”.

You need not to succumb before adversaries. Rather you need to make move which others don’t dare. And you will make history then.

When you are a large corporate. And when you suddenly find adverse business environment. You many a times find it hard to with stand your bank loans, share holders cry, loss of market share and revenue, etc. You get thrown out from the star list.

The time changes very fast. Can anyone imagine the darling of mobiles Nokia now has been bought over by Microsoft, Blackberry again bought over by Fairfax, etc. There are numerous examples.

But then how TRS helps you to face this. Well I take example of Harley Davidson HBR case study here. See how HD bounced back when it faced tough competition from Japs and it was almost bankrupt.

Resilience applies when you were Great in past. Something happened and you collapsed. But during this collapse you forget that you were great brand, you were having bonding on your consumers mind, you have great intangible assets so called, etc. It’s only about en-cashing the same at right time. This is Resilience. And overall implementing this is The Resilience Strategy.

How many companies are common in Fortune 100 list after a period of 50 years. Hardly 15%. What happen to others. A sustainable growth doesn’t applies always. So there you need any of three: BTM; BOS; or TRS.

Even large corporates has started creating a position known as Chief Risk Officer whose major job is to protect the company from any foreseen decline. Though this is more a part of Corporate Strategy Cell.

However, At the same time in order to be resilient, the companies must be having good CSR records, ethics and values in business, vision for welfare of mankind and mother nature, etc.. This what I believe.

Thanks!!

God Bless!!!!

www.rishabhagarwal.in

All

Don’t know where I am going with this blog

why runs made in T20 is very close to runs made in T50

why people in our country don’t care for punctuality

why land prices require 20 years loan in our country

why there is so much unrest still in the world, with many parts burning in flames. Then what is the role of UN. do we really care for any international organization in order to maintain peace when it comes to international order. What is the role of world super powers in all this chaos.

we in India can show the world far bigger truths based on our heritage knowledge gained from our ancient texts including Mahabharata

Lets pray for peace in this world!!

God Bless!!

Marvel Comics vs Raj Comics and Hollywood vs Bollywood: come on India- the world is waiting for you!!

I always wondered striking similarity between Marvel comics and Raj comics.

Comics have always been my passion when I was in childhood, better term is school days.

And am or was so fond of all super heroes of Raj comics namely Nagraj, Super Commando Dhruv, Doga, Ashoka, Parmanu, Wolfman (don’t recall exact name), etc.

See how Hollywood capitalized their stories of comics and ideas so seamlessly in all of their movies, popular names such as: Superman, Spider man, Iron Man, Captain America, Black Widow, X-Men, Wolverine (from X-Men), Hulk, The Lord of Rings, etc.

Hollywood produced numerous movies, majority block busters, made huge fortune, and most importantly successfully sold Soft Power of USA throughout the whole world.

Now even China wants to sell their brand in the world, Japan successfully did by movies on Samurai, Godzilla, etc.

Why Bollywood remained such obsolete and never catch the all time available opportunity, simply to capitalize on our legendary comics heroes. Why still in India majority movies are old fashioned concentrating on “saas bahu”, love, middle class struggle, rich class spoiled brats, comedy, and projecting simple common man in love acting as Demi Gods. How can you sell so stupidly that a simple college going guy is beating 50 or more hooligans in one go. Come on, act and think rational now Bollywood. Don’t sell stupid things.

If Bollywood simply follow Hollywood then also it can make fortunes and also create tremendous soft power in favor of India.

In one of my earlier posts “Mahabharata vs Iliad” I talked about how a big market on Mythology remained ignored in India.

Though there is no study done as per my knowledge on the market opportunity size of movies if brought on the said subject, still a conservative estimate can be to the tune of few billion dollars over a period of say five years.

Its not only about making money, but also about showing to the world that who we are. Why we only copy the West. Can’t we show them something legendary of ours. And believe me- the world is waiting for us. Let’s hope for the best: Come on India- the world is waiting for you!!!!

Few of my previous posts are as follows:

Thank you

God Bless!!

www.rishabhagarwal.in

Mahabharata Vs Iliad and How A Big Market on Mythology Remained Ignored in India

I have always been fan of Indian Mythologies and also of Greek Mythologies. In fact I get surprised on noting the amazing similarities between the two epics i.e. Mahabharata and Iliad.

Both are the famous epic poems and illustrations of Great Heroes, should be termed as Super Heroes or even Demi Gods.

While in Mahabharata we have a list of Mega Heroes including Lord Krishna, Arjuna, Karna, Balrama, Bhisma Pitamah, Yudhisthira, Bhima, Drona Acharya, Kripa Acharaya, Ghatokacha, Drishta Dhyumn, Duryodhana, Ashwathama, Jayadratha, etc., whereas in Iliad we have a list of Achilles, Hector, Patroclus, Ajax, Odysseus, etc.

Even I was able to notice the striking similarity between the killing of Karna vs the killing of Hector. Both were having sort of unstoppable powers but got killed because they were lured to use that powers under camouflage of their main opponent. Karna used his Divya Astra against Ghatokacha while Hector killed Patroclus who was having Achilles armor on him.

Point is that how come such resemblance can be there in the two epics which occurred in separate geographies and periods.

Those who are reading this blog might not be aware of the two epics in detail. This can be there.

Also many times I wonder why Indian Historians or even the Government never able to say that these are true events. Don’t know what proof can be suitable since these are way back in history. But really wonder do we have such legendary warriors on our soil long back.

Now comes the Business View here. On one hand we can see so amazing movies and serials on Greek Mythologies which Hollywood regularly produces. I am big fan of movies TROY, Kingdom of Heaven, and there are several others.

Why Bollywood never produces movies on our Indian Mythology. It makes a huge business sense and also qualifies for the patriotism. We should promote our Soft Power. It will promote Brand of India.

Japanese successfully preserve their culture. We have movie GODZILLA, lots of Samurai movies, etc.

But in India there are zero movies covering Mahabharata, events of Chandragupta Maurya, Ashoka the Great, and our oldest story of Ramayana.

India is an amazingly big country qualifies for sub continent. But our producers mostly remained focused on comedy, love, romance, house hold, mafia, stories, etc. They hardly touched the Legendary Epics which we have. This is really disappointing. And showing truly abysmal state of affairs of Indian Pride.

There should be a great research on our origins and how come these epic poems came in existence. When you make movies the society in large gets inspired. It can bolster the image of India truly on world stage. In fact other than business a lot of TACIT benefits comes in the way. A respect for brand which can not be calculated easily follows into the mindsets of world consumers when you successfully show that you were having rich history. Curious case of China can be analyzed here. They also successfully promoted lots of movies on their kings such as Red, etc.. They are economic superpower now. I am not saying this is possible because of only their rich history but again you can not discount on the fact that this is a very good tool to bring confidence in people and encourage sectors like Tourism, Higher Education, Real Estate, etc.

I wish that in coming days at least one legendary movie get made in India with all up to date technology and which may include superstars among Amitabh Bachchan for Bhisma Pitamah, Ajay Devgan, Hrithik Roshan for Arjuna, Khans, Kareena, etc. May be Hollywood superstars can also be taken for this noble cause. Huge attraction can be there if you can bring Tom Cruise, Brad Pitt, Nicolas Cage, Kate, etc. I am sure they can also do these roles amazingly and with awesomeness.

God Bless!!

Why Choose MBA and What You Really Get Out of It!!

Well!!!! Many of young folks I see looking anxiously for getting an MBA. Many times not even realizing the clear take-away from it. Many see it as career accelerator, many see it as career transformation, and many see it as a “must degree to have” irrespective of the results.

Actually all are right in the above expectations. But yes, context need to be very carefully understood.

First, let me come to one other major benefit of MBA if its from a Top B School.

Its Social. You really get an elevation in terms of perspective in your society. It can be among friend circle, relatives, colleagues, etc.. Yes of course post MBA you sharpen your skills in terms of business acumen, presentation, public speaking, writing skills, understanding of economics, ability to look things at macro level, acquiring confident personality, etc.. These benefits you can also get from any good Under Graduation or any good Post Graduation degree. Its not only confined to MBA alone.

However MBA is a good medium to gain majority of these skills. It really depends on your college and the efforts you have put to get into that college and program.

Many times I have noticed people see MBA only for raising their pay packages and they chase this degree only for this sole purpose. Which in my view is not appropriate. Specially in last few years MBA is not giving that high returns to so many of the pass outs. In my view average is hovering around modest package rise of 40%. Which is far less when you incorporate huge efforts, opportunity cost, fees, etc.

But is this the real gain out of this coveted degree. Should you need to drop the idea of MBA hence?

Why so many of us look at such short term returns out of it?

Don’t you think that post MBA you have some 40 odd years remaining to contribute to corporate world or more appropriately to the society as whole. The returns are immense when you expand this scale of ROI say over the period of 5 or 10 years.

It makes you eligible for leadership roles in long runs. It also enables you to consider entrepreneurship roles for yourself. Undoubtedly it gives you a confident personality.

Many more roles can be don by graduates of business schools. MBA is more absorbed when you join after significant work experience which can vary from 3 – 8 years. Few years of working before MBA is useful in my view. Else your chances of taking outcomes from hard earned under graduation will go in vain.

Also its important to understand that running after mere packages is a serious mistake. MBA sometimes can be a tough journey. Post colleges sometimes you don’t land up in cosy job. Actually many who join, come after leaving their cosy jobs. Coming out of cocoon of a comfortable environment is not an easy decision. I’ve seen many of my friends who postponed and finally abandoned their plans for having an MBA. They were not convinced with the mediocre returns after such Herculean inputs.

Thinking Big and Thinking Differently is very important.

MBA is not a magic wand. Its a degree to equip you with certain skill sets. Its up to you how to make use of it in your career and also in your journey in society.

Opportunities for MBA graduates decreases drastically in a laggard economy. Which majority of us witnessed in last 5 years in India. For example, Growth Rate in India decreased to around 4.5% in last two financial years. Before that also, it was hardly promising.

Average packages at IIMs were best reported last time was in 2007 – 2008. Before Lehman Brothers got busted and global recession silently stepped in. Gone were the days when MBA graduates used to visit the big car brands showrooms for choosing. Rather many started wondering whether packages will be sufficient to meet hefty education loans which they took.

By this blog I really want to project the realities of MBA. At least in India as of now. But again, ROI best can be calculated in long runs. Which in my view can give glorious results. Writing this I just got remind one old incident, one of my friend who was passed out of Darden Business School, shared his initial days of there. He told me, that they were greeted from their Head on the very first day with this line, “Congratulations, now you all are Millionaires”. Then many guys made amused expressions on their faces. He later told them, don’t get amused, in matter of few years you will see the richness coming in your way, and for sure you are going to be in the millionaire’s club.

It’s not again I am strongly pitching for MBA, I also accept their are sufficient challenges in your way before, during, and after MBA, so what I am saying its your choice. Don’t follow madly after this attractive degree. Yes at the same time don’t calculate ROI in very short runs. Choose wisely. And importantly listen to your heart.

And last  but not the least remember “Your College Name Becomes Your Middle Name”

God Bless!!