This blog functions like an exhaust valve to bring out my cluttered and sometimes confused thoughts. Please give your comments so that we can make this more useful, with wider perspectives. You may find my micro-blogs on Twitter @jay_ambadi.
Wednesday, September 30, 2009
Some Memorable Beatings!!
Wednesday, September 16, 2009
A holy business model!!
A business model is defined as a formal or informal representation of the core aspects of a business. Along with the business plan (which is a formal statement of business goals of a profit oriented organisation, the assumptions under which these goals are thought to be attainable and the plan for reaching these goals) business model helps in understanding a business and its true value and potential.
As a part of my current job in an investment banking company, I have come across many a business model and plan. A careful study of the business model and plan often tells you about the philosophy of the promoters of the business. They could be conservative, defensive, aggressive, innovative, path breaking and more, depending upon the attitude and risk appetite of the promoters.
It is often very interesting to know the ingenuity with which the entrepreneurs convert a seemingly bad business into a profitable venture. This is achieved through innovative business models. They often introduce various by products or other sub-processes into the main plan and thereby make the entire process financially more attractive.
While I have often wondered about the origin of ideas that have attained the shape of these business models, the most impressive business model that I have ever come across was not found by me in any Excel sheet or Power point presentation but in the real life!
The other day while on my way back to home, after my holiday lunch in a Kerala style restaurant at Mahim, Mumbai, I was passing in front of the famous Sheetala Devi temple. Right outside the temple gate, I saw an aged lady sitting there with a basket of green grass and a cow standing next to her. The scene caught my interest and I wanted to know what is happening. Then I saw a man walking up to the lady and paying her money for buying little of that grass. The man then fed the grass to the cow and walked into the temple for a darshan.
Then I realised as to what was happening there!!
The lady was selling grass to the devotees so that they can feed the ‘holy cow’ before they visit the temple deity. What struck me in all these happenings is the excellent business model that aged lady has devised. The cow belongs to her and being from Mumbai city, she has no choice but to purchase grass to feed the cow. May be there are hundreds of old women who rear a cow and buy grass for feeding it. But for our lady it also offered an excellent business opportunity. She buys the grass from the market and then sells it to the devotees who in turn feed it to the cow. I am sure she must be earning more money by selling the grass than what she herself had to shell out to buy it from the market.
Her business model is very simple. She just route the grass for the cow through the devotees and makes more money than what she has invested. Her benefits are twofold; (i) she can feed the cow free of cost, and (ii) she gets some extra money to keep in the process. Wouldn’t you agree with me that it is an excellent business model? Well... if you have found a better one you can share it with me.
Sunday, September 13, 2009
Job Satisfaction
Not all the people work for mere financial gains. If it was so, then one can easily measure the level of job satisfaction on a scale of the income they receive from the job. Same time, it would be incorrect to say that money is not an objective for working. The truth is, as always, somewhere in between. While people work for money and many other factors, job satisfaction is not merely dependent on any single factor but on various factors affecting the job.
The factors contributing to job satisfaction varies from person to person. However, I have noticed that while other factors like salary, prestige etc might have a larger say in a person’s decision to accept a particular job, once he lands the job the satisfaction he derives from that job is not much dependent on these factors. To a great extent it comes from the feeling of accomplishment from the job i.e., the feeling at end of the day that he has achieved something.
What amounts to accomplishment in a job again differs from person to person, depending upon the values and aspirations of each individual. The feeling of accomplishment, and therefore satisfaction form the job, could be very high in the case of an honorary worker for an NGO; whereas the same may be much less in the case of a highly paid staff functionary in a large corporation.
I once happened to be a part of an animated office discussion, where it was passionately being debated as to which is the more satisfying job- an investment banker or a pizza delivery boy?
The supporters of the investment bankers put forth that it was very respectable job, glittery, globetrotting, highly paid, most challenging etc. etc. In reply the supporters of the Pizza delivery boys stated the challenge of each delivery where the time taken is the critical factor. If the delivery boy is not able to deliver the pizza within stipulated time, he stands to lose his income. Each delivery order is therefore a challenge to him. The moment he delivers it in time, he gets the highest level of achievement and satisfaction.
For an investment banker, the supporters of pizza delivery boys argued, a closure of a transaction such as a Private Equity funding, a merger or an acquisition takes anywhere between 6 months to 2 years. He will have to toil day and night to reach the closure. But anything he does only takes them towards closure and not the closure itself. The closure is never sure for the variables in these transactions are not in the control of the investment banker who merely acts as an advisor and facilitator in the transaction. It depends on many other players including management, promoters fund managers etc who are involved in the transaction. Finally, when he actually closes it he must have waited as much as 2 years or even more to get that feeling of achievement.
The above argument of the supporters of the Pizza delivery boys made me think. I have been working in the investment banking sector, for over 18 months now. The challenges are many, income is great; yet I often wonder as to what I am doing here. Coming from the Hospital Industry and Legal background, where challenges are more short living yet sense of accomplishment is much swifter, here I don’t even know whether what I do will ever result in any positive outcome. I might struggle hard and prepare something very valuable; yet might end up seeing the result becoming useless for reasons beyond my control.
How do I overcome this lack of accomplishments? I think that is the challenge for every investment banker and for that matter, for many others. Everyone needs something to motivate. Money itself won’t last forever as a motivational factor. Once a person get used to a particular level of income, that income will not do anything much to motivate him. He needs more challenges and results to keep him going. I have tried to tackle this problem in a simplistic way. I try to break down the transaction itself into small tasks for myself. Each small task or goal is then taken up as a challenge and I celebrate its completion. I have noticed that this process has increased the feeling of accomplishment and satisfaction for me. Yet I am not sure if this is any match for a pizza delivery boy, who gets to complete a job every half an hour or so.
I am not oblivious of the thoughts of a pizza delivery boy at this stage. I am sure he is seeing the greenery on the other side and wondering how an investment banker can be jealous of him. There lie the paradoxes of human beings and their constantly revised needs. There have been serious studies on what motivates a worker. The Malsow’s theory on hierarchy of human needs, starting from basic physiological needs such as breathing, water, food, rest, clothing etc and growing through, safety needs, Love/ belonging needs, esteem needs and finally reaching the self actualisation needs, has been the one most appealing to me; probably from my own personal experiences.
Based on the level at which an individual is at the moment, the motivational factors for him would definitely differ. Yet one common thread is the satisfaction he can derive from the job. For most people, a satisfying job would mean better motivational level at the job, irrespective of his position in the Maslow’s hierarchy. Therefore, it would be the challenge for every HR manager to make each job a bundle of accomplishments, whether little or huge, so that the person feels more like a pizza delivery boy than an investment banker at the end of the day.
Wednesday, September 9, 2009
God's purpose!!
Tuesday, September 1, 2009
BJP's Plight!!!!
It is disheartening to see the plight that BJP is going through in these days.
What is saddening is that BJP is not even making a try to solve its problems. Even a well respected intellectual like Arun Shourie suggests a solution for all problems in the Party - and what is that? RSS to take over the Party and manage it!! Can’t these leaders talk among themselves and reach a solution for their internal party affairs? They don’t even have to worry about the affairs of the country now for there is a government to take care of that leaving them with lot of time to resolve their own issues. Yet it is the RSS honchos who are camping in Delhi and trying to cook up solutions.
Can a party that can’t even resolve its own internal problems and looks towards outsiders (even if they are within the so called parivar) take care of the problems of this great nation of over one billion people? I doubt it. People like Narendra Modi might be able to sway sections of people for some time with his rhetoric and backward looking ideas. Yet it is not easy to manage the affairs of a nation of this magnitude; for such a task requires lot of ability to give and take.
A case in point is the duo of Manmohan –Sonia, each playing the role to near perfection without creating any troubles. Being Loh Purush does not mean being inflexible. The so called weak Prime Minister has been able to manage the affairs of the Nation without much damage while Sonia holding the Party together and that by itself is no mean feat.