Strategic Management- A New Perspective!!!

The moment we open our eyes in this world we are surrounded by entities called ‘People’. May they be our parents, our siblings, cousins, friends, relatives, and teachers. Everyone is associated for with us for a specific span and a specific motive.  Specific motive might seem a bit interrogative but yes it is true, may it be a selfless or selfish it is only a motive that connects us to the world. It is an umbilical cord that holds the child in the mother’s womb.   Interestingly we come across different people so leave a permanent mark in our life. It is very ironic to notice that some people come in our lives for very short duration but the impact made by them on our lives is huge.  Personally I am not a social being and enjoy comfort interacting with only handful people. But still since my childhood I have noticed that every person that comes in our life has a role to play. They come during a particular phase where there role lies and vanish when the role is over...

“It is often said Today’s effective followers are tomorrow’s potential leaders” There are effective followers and ineffective followers Sheep There are people who are passive and like to work from 9-6. They think they work for living and lack initiative. They expect their leader to think for them. Most probably they may say, “Sir, whatever you think good for me”. They are also “Yes Sir”, “No Sir” type. Survivors There are some people whose motto is “better to be safe than sorry”. They do not take risk, tend to be political. They do not lead change but want to survive across it all costs. They are not someone who would rock the boat. You will find plenty of such people in Govt. offices.  Followership Model Alienated Followers They are capable yet cynical people. They come across as negative people. They generate and emit lot of negative thoughts and energy. They are seen gossiping in the corridor and criticizing their organisation and management. You will hear comment su...

“We reveal ourselves in metaphors we choose. A superior would think of what is right, whereas an inferior thinks only of what is profitable" In the most famous passages in Wealth of Nation, Adam Smith declares, “It is not the benevolence of the butcher, brewer or the baker that we expect our dinner, but from regard to their own self-interest. We address ourselves not to their humanity but to their self-love and never talk to them of our own necessities but of their advantages” This is often quoted in defense of self-interest. But what is missed is obvious. The self-interest of the butcher, the brewer and the baker is served only because they do indeed pay attention to our necessities, as well as to their own reputations of quality and fairness which is essential for the business they do so. It is precisely because they rise above their interest of others that make success. What they ultimately “sell” is their own Integrity. The old quasi argument still persists- o  ...

“The achievement of the CSR outcomes depends upon employee willingness to reciprocate and collaborate with positive attitude”   In recent years the term corporate social responsibility (CSR) has gained prominence, both in business and in the press, to such an extent that it seems to have become ubiquitous. There are probably many reasons for the attention given to this phenomenon not least of which are the corporate excesses witnessed in recent years. There is a symbiotic relationship between employee well-being in organizations and HRM practices when considered from Corporate Social Responsibility (CSR) perspective. It is imperative that companies convince their key stakeholders- “EMPLOYEES” that they are serious about CSR by demonstrating through good ethical policies that organization aims to achieve desired social, environment, political outcomes. Hence it is employees rather than the board or consultancy firm who carry the main burden of responsibility for implementing ...

“If everyone did CSR then everyone would be better off” I think that this claim is probably true. In any case, today you will hear plenty of good arguments in this favor. The fly in the ointment, so far as trying to persuade business to adopt CSR is concerned, is that so long as it is not the case that everyone does CSR, there is an upfront cost to any business which takes the plunge, with no guarantee that there will be sufficient return on one’s investment. While you do CSR and your competitor’s doing, they reap the benefits of your socially responsible behavior while you get nothing in return apart from the glow of satisfaction at being able to occupy the moral high ground. The problem is familiar one from political theory. For example if everyone agrees that we need to do something about climate change. If we all did something about climate change we would all be better off. But everyone also knows that any country which takes the plunge and launches a unilateral carbon emissions i...

“CSR is not a new concept, but has rapidly come to prominence in the past few years with hardly a day going past without a new report on CSR by leading company, international organization, NGO or journalist” The criticism of CSR can be channeled into seven essentially different statements. 1. CSR lacks universal definition; everyone seems to have their own concept or definition. 2. CSR is just part of public relations plan to bamboozle an increasingly skeptical public. 3. CSR is just another word for corporate philanthropy and the contribution that a business directly makes to the welfare of the society (or “the planet”) is to be viewed as largely independent of its profitability. 4. CSR is misleading as it diverts attention from key issues; it is a curse rather than a cure. 5. CSR ignores development economics and its concerns with capitalism and neo-liberalism and it is just a way to introduce socialism through the back door. 6. The social responsibility of business begins and ends w...

"Business Ethics defines organisations character and its brand image for which it requires the help of corporate governance". Governance go well beyond conformance and compliance and lead way to progress.Thus a horizon is reached a horizon called excellence and must logically lead to business sustainability. The following equations can be posited: 1. E∞G Effectiveness ∞ Good Governance. 2. E (b+m) +G∞ CSR CSR is the manifestation of business and managerial ethics of corporate entity and its executives and embodies the ethical relation between business and society through reflecting good governance. 3.E (b+m) +G+ CSR∞X Ethics (Business Managerial) +Good Governance+CSR∞ Organisational Excellence. 4. X∞ E4 Organisational Excellence =Ethics x Equtiy x Egalitarnism x Effectiveness. 5. X>S Excellence cannot end in itself unless translated to business sustainability. "If you build that foundation, both the moral and the ethical foundation, as well as the business foundation,...