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Value  Innovation for strategic growth Suppose, you pray for a son, what would you like to choose to ask for: a studious one or a sporty kid? Well, you will say why not both- then are you not praying for two kids- one kid who is studious and other who is sporty (Just kidding). You obviously pray and ask for a kid equally great in studies and sports. Well, in business language you want to hit a sweet spot. In business, companies aim for innovation and customer pay additional bucks to get advantage of that innovation. Some companies aim for reducing the cost for the given product line thereby creating higher specific value (value per unit cost).The process of creating a product or service so that it  is cost effective as well having high value for customers is known as Value innovation. The credit for the term goes to  Mr. W. Chan Kim and Renée Mauborgne, management professionals, who advocate that value innovation is key to searching markets with no com...

Which one is Better Approach: Goal Orientation or Task Orientation Almost all sports persons start playing the sport with a performance way below the benchmarks. Some of them achieve the desired level in a short time whereas others struggle to reach to it. Life is also like sport and looking at the problems faced by these sports persons or athletes you can understand some of the vital things. A sportsman gets his training through some coach and comes in contact with so many other people like friends, people, family, sponsors, etc. What if,  Sachin Tendulkar feels that he his nervous at the pitch, or the top sprinter of Olympics feels before the race like excessive sweating. You will day you must be joking, these master sportsmen hardly have fear problem or anxiety issues, but in reality they also have it. What is the root cause of such anxieties. What can be a better way to better performance. When a coach is given responsibility to elevate level of a team or a player-...

Renard Numbers and Standardization of Equipment Ratings Have you ever thought why electrical equipments are rated for certain voltage and KVA ratings. Why 630 KVA of transformer is taken in place of 600 kVA of transformer. Have you gone for buying some screw for your home or office and find that only specific sizes are available mostly like 1.00 mm, 1.60 mm, etc. To know all these, may we discuss one of the ways of standardization technique proposed by French Army Engineer, col Charles Renard in 1870, which is adopted today by many standardization bodies including IEC.   To choose exact product dimensions in any Industry, it should have preferred numbers or dimensions. The benefits of using preferred numbers as dimensions can be manifold. It increases the compatibility chances between objects designed by same industry, if the preferred number system is followed by that Industry. This also minimizes the number of different sizes to be manufactured as well as number o...

Happy New Year With the ringing of midnight bell of 31st December, Gregorian calendar increments its year by one count and we are overwhelmed with the celebratory moods of Happy New Year. This time, 2016 has arrived to welcome all of us with fresh ready to offer new opportunities, new reasons to celebrate, introspect, strategize and execute on all fronts, personal, professional, social or spiritual. Open up the box and fill the canvass with your chosen colors of life, smiles and togetherness. The celebrations and enthusiasms are displayed in different colours all over the world. Should we not know when people had started to mark New Year on 1st January and how people across the globe celebrate it? Many cultures celebrate the event in some manner. The New Year day remains same in Gregorian, Roman or Julian calendars (46BC), i.e., on 1st January. So, for so many thousand years, the world is celebrating New Year on 1st of January. Many nations, such as the Czech Republic, Italy, S...

Peter's Halloween 31 st October was approaching and ten years old Peter was enthusiastic about celebrating Halloween this year with his naughty friends. Peter liked the story of Ghosts as these stories were so thrilling. On Halloween this year, He was expecting more comic books of ghosts and greeting cards decorated with dreadful ghosts.  A special class was even organized by school to tell children about Halloween and Peter had planned to attend this class. Uncle Thomas, said Hi to the children in the class and all kids shouted in reply. They seemed excited to know more about Halloween.  He said, waving his hands " Hi Children, you all know, how we celebrate Halloween. we will discuss today, how kids all around the world celebrate the festival." " Have you heard of trick or treating? Anyone, w ho is fond of trick-or-treating? Who can share his experiences with us. " Jacob, grade- 3 student raised his hand. Uncle T...

A Book ' The Successful Project Manager' with case studies coming shortly Project and Project Managers You might have heard of discussions about whether a particular activity is a project or not. Can we really differentiate between project and non-project activities. Well, as per definition of Project Management Institute (PMI) , we can differentiate a project activity from non-project activities based on definition on projects. A concise definition is that It's a temporary endeavor undertaken to create a unique product, service or result. A project is  temporary  in that it has a defined beginning and end in time, and therefore defined scope and resources. A project is  unique  in that it is not a routine operation, but a specific set of operations designed to accomplish a singular goal. Accordingly project team is also unique. The construction of an airport, oil refinery construction and commissioning, new offshore terminal, cross country pipeline...