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  • Change needs understanding first

    At work, we are going through a change. A big change in the way we will operate, that will lead the way to how we will be doing business in the coming years. Operational efficiency is the goal.

    As I experience this “change” from my vantage point, I realize that it lacks widespread commitment and sense of urgency. The folks up in the organizational chain are likely doing the right things in many ways, but their own perceptions of what is happening is not the same as that of an associate’s (in the trenches) perception of what is actually happening. That is a fundamental issue in change management and it leads to stagnation sooner or later.

    While some elements of the change has been communicated, it is unclear if its well understood and “seen” by all. Two critical aspects of change management in large organizations is commitment and belief from everyone (ok, mostly everyone). Commitment and belief in the change itself, happens only if everyone understands what they are committing to. Understanding is not the same as communicating!!! Understanding happens in multiple dimensions and scales. Reading a memo or listening to a CFO speak are just two, necessary but not sufficient, aspects! Some elements (consistent with memo and speeches) of the change must be “felt” in an associates’ day to day work in order to reinforce what they read and hear. This has to be a visible/sensible change in their local team and/or operating environment. If a big enterprise-level change doesn’t impact (even small impact helps!) an assocaite’s daily activity, its hard to get that person’s commitment, to begin with. An uncommitted associate usually infests the folks around him, so there is peripheral damage as well.

    A sense of urgency is a broad term but, in my mind, speaks to three critical questions fundamentally. Why should we change now, instead of say next year or 5 years from now? This reminds me of Matsushita story. When Matsushita started his visionary institute for government and management, he explained his vision was to help Japanese politics become less corrupt and more visionary. When a skeptical reporter asked how long that would take, he said, “about four hundred years…which is why it is so important we start today!”. So, any operational change, especially in a fortune 50, is a slow and painful process. But we better start now so we make progress right away.

    The second question around sense of urgency would be “Alrite, I am starting now, whats next?”. This leads to short-term wins. While change is a long-term process (at least few years), short-term milestones, directly tied to long-term vision is key to keep the masses running. Nobody wants to keep cutting the trees for years without frequent assurance that they are in the right forest! So, tell them we are moving towards the final goal, one step at a time. A short-term visible and tangible win, every 6 months, seen and acknowledged by everyone, is a key.

    The last question is “Alrite, I know we had this short-term goal, but I feel I am out of touch, when are we meeting again to talk about all of this?”. This leads to “frequency” of all forms of communications around change. Usually, the sense of urgency wades off in a few months. This happens due to the illusion at the senior leadership level that everyone is on board and so things are moving as they should. While in reality, lower level people’s commitment is lost over time. So a constant reminder, every other week, if not, every week, about the change, why the change and how we are changing and how fast and stable the “train” is moving, will keep the sense of urgency strong and sustainable!

  • Tech star…tup

    Boulder is a city that I really liked though I have only visited it twice during my almost a year of weekly commuting to Denver in 2003. It is also a city high in entrepreneurial spirit, thanks to a vibrant university and the loads of venture capitalists around, and of course, a community that cherishes life and nature (and snow!).

    Techstars is a boulder’s way of embracing startups and venture capitalism around the area. Through Techstars, local entrepreneurs are joining together to promote entrepreneurial activity, one summer at a time.

    The website claims 80% of last years participants have now received additional venture/angel funding and thats a good statistics proving their selection criteria (10 out of 300+ applicants!) was pretty good. Most of the companies appear to be online, social media types

    Now, bootcamps are not new. They have been around for a long time around Silicon Valley. Techstars differentiates in some ways, the best of which I liked was that they don’t want to see your business plan (at least thats what their website says!). So they do want you to pitch your idea but just that is enough. I think this in itself would be a boost for a lot of people to take the plunge. While ideas are dozen a dime, good ideas are still running into millions! Of course, you got to have an idea and a way to create something, so fancy ones aren’t going to make the cut. You probably need an idea that can be built into something over a few boulder summer weeks, with nothing more than a laptop, food and a bunch of mentors and perhaps, lawyers! I guess, if you can program it, you are halfway in!

    If you truly have an software-based idea, look to spend your next summer in Boulder. The mentors are mostly local (previously successful & experienced?) entrepreneurs and venture capitalists, so you ought to get something out of those few weeks!

  • Internet booms

    The data from the recently published 2008 Quarter two report of venture capital investments has an interesting hightligh in the new venture space : 238 Internet-based companies got an funding of around $1.5 billion! Thats just in one quarter! This quarterly figure in fact represents the highest since 2001. Are we seeing a surge in the dot com business?

    On a side note, US venture capitalists sent about $473 million in India’s way.

  • How about prepaid gas as a consumer service?

    Remember Chrysler’s “Let’s Refuel America” program from a couple of months ago? GM new strategy to attract new buyers was tapping into the current gas price sentiment well. I remember thinking what if this “lock the gas price” was available to all consumers?

    Thats exactly what is getting a lot of traction now!!!

    MyGallons.com offers prepaid gas for everyone essentially locking the price at market rate for as much gallons as you can buy. The concept is bound to get sign ups as the prices move north by a few cents every week. The service is enabled via a debit that is apparently accepted at 95% of gas stations across the US. If predictions are right, we might see $7 a gallon soon (may seem ridiculous but I would have given the same look a decade ago if someone had said gas would be $4 a gallon, when it was around 80 cents!)

    But I got to think its probably not the best business to be in selling sort of gas futures in retail. The firm claims it has sophisticated hedging strategy, but we will have to wait and watch, if it survives the market pressures.

    If you want to know where all the money you are shedding on your gas is going? look no further than below!

    Dubai The World
    Why bother to take dubai to rest of the world, think inside out, lets bring The World to dubai!!! You got crazy dreams? We got the money in Dubai to make them real!

    So your money is not going waste, right?

  • streaming our lives

    Heard life streaming? Then you are not as much wired yet.

    lifestream
    [source : readwriteweb]

    Its the myspacefacebooktwitter economy. Take that to next level, you are hit with life streaming. Do you want to spend your life recording your life? or living? you decide. But if you decide to record, you will be lifestreaming instead of living. So that explains it, isn’t it? Should you do it? Some folks try to convince you, so read it for yourself here.

    Google believes lifestreaming in various forms is likely to going to be big…check OpenSocial. A good social app is TypeRacer. I type like crazy (with auto spelling correction ofcourse!) so I am addicted to it TypeRacer style apps.

  • japanese watermelons

    On our grocery shopping this afternoon, we picked up a American (read big!) watermelon today. Obviously, due to its sheer size, no carry bag would hold up so it was on its own at the trunk. It rolled all over to the point that on one of the stops, we almost thought somebody crashed on the rear of our car! Well, not really…the watermelon was playing around the trunk!

    Coincidentally, a few minutes ago, my sister, who lives in Japan, forwards an email with an article about the clever square watermelons harvested by Japanese farmers. I remember reading about this a long time ago, but what was different in this forward email was the additional “inferences” about lessons for life from the creative spirit espoused by the Japanese farmers and scientists!

    The main lesson is Japanese’s ability to constantly push the limits, taking nothing for granted (never leave an assumption unquestioned!). As far as I can see, this is the core of their success! The rest of their behaviors are a consequence of that fundamental thinking. Another example is Japan’s ability to look for new ways to find energy sources decades ago and its now a new booming export industry for Japan. I am sure their collaborative society will lead to more such innovations before we run out of options in the US!!!

    As this graph shows, Japan’s oil consumption remains fairly stable since 1975, and lets not talk about U.S. consumption!


    [source : washingtonpost]

    Read a more detailed blog about square watermelons here.

  • Big Picture TV

    BigPicture TV

    I was looking through some of the online short film contests and came across Big Picture TV. It is a neat project conceived and executed by Marcus Morell. Simply put, he has reached out to some of the leading thinkers and advocates working on environmental and social causes to share their insights. It is a worthy cause and demonstrates the power of new media and how it is leveraged to connect the movers to the masses. The website is neat and elegant though I was having problems with playing the videos.

    Most of the people speaking are unfamiliar to me. Not surprising, I haven’t heard of many of them, given the momentum and breadth of support that environmental movement has and of course, my lack of awareness too!. I guess what matters is their insights and ideas more than who it is from. If you have heard of Cradle to Cradle, you should listen to Bill McDonough. I have read that book through my brothers recommendation and his ideas are fascinating and much needed. You should also check out his speech at the TED conference.

    Kudos to Big Picture TV for bringing ideas into action! It goes into my favorites!

  • Eye glasses under $30?

    Yes, one of my colleagues recommended Zennioptical and I just placed an order with them for a rimless glass for about $30. If you have ordered eye glasses in any of the retail specialty stores, you should be freaking out with that $30 deal. Because, I paid $350 at Sears a couple of years ago! Actually, Zennioptical sells basic glasses for $8!!!

    I couldn’t fathom how Zennioptical could sell stuff so cheap unless they have an undersea walkway to a Chinese manufacturing plant. From what I hear online and from my colleague, their quality is just perfect and at that price, I don’t care if I have to buy one every year! The buying process was painless. Of course, I will wait for mine to arrive before I say more.

    This just tells me how retail prices in the US are inflated with hundreds of middle men and brands. While the economy might be flourishing in that model, is it in the best interest of the US consumer and the Chinese producer?

  • New Media is gaining momentum

    Eros International (who pretty much control most of foreign distribution of Indian films, especially with the acquisition of Ayangaran, the Eros of Tamil movies) recently announced their FY 2008 earnings numbers. Check the details here.

    I noticed Eros’s new media sources alone brought in $28 million. Of course, the portfolio of film and music content they have is huge and compelling that their strategy is clear : monetize every penny out of every bit of content they have. Obviously, they want to operate as a true Hollywood studio.

    Its interesting to see the source of these new media revenues : video on demand from US & other foreign cable providers, music sales for mobile phones (likely download of full songs or ringtones) through iTunes and also retail sales through Amazon and WalMart. They also signed deals with Sony Pictures and LionsGate and expect a flood load of dubbed, remade and cross0ver movies across the two continents. Last but not least, they have YouTube channel which produces revenues through advertising. I also read that they have inked deals with Joost and Jaman for online streaming licensing…How is that for milking your cow?? Way to go!

  • Hire a Star

    I was intrigued by the Inc Magazine article about how Jim Thornton decided to make an offer to Mike Wigton. Jim used an unconventional approach to gauge the new hire’s fit to ProvoCraft. Beyond interviewing Mike, he interview Mike’s wife and even met their parents. How is that for hiring stars? I think thats a great approach. I am true believer in emotional appeal. And Jim sold himself and ProvoCraft to Mike and his family, not at a material or financial level but at an emotional level. The opposite is true too. Mike wouldn’t have decided to accept the offer if the entire hiring experience was conventional, which in today’s world would be very stale. The unorthodox, personal approach was dynamic enough to create an emotional experience that influenced Mike’s decision to accept the offer. Looks like both of them are still happy campers staying put in Utah, growing ProvoCraft.

    Provocraft is now owned by Sorenson Capital, private equity, which puts a great new spin to running private companies. The objectives, accountability and drive to change & grow faster is extraordinary in private equity-run companies. It is potentially best place in between a startup and a large public company. I have an eye on the private equity space and small-mid size firms owned by private equity firms (which is another reason the Inc article caught my attention) as I explore my near future options and Jim and Mike have reinforced my beliefs.

  • Fear of Greatness

    You know its the season for commencements so there is lots of speeches flying around the internet. Some OK, some good and some very good. As I was reading through Small Giants and the references to WholeFoodsMarket, I stumbled upon John Mackey’s Bentley College Commencement Speech. It is a well written one and from someone who has accomplished something very meaningful in life, I really think he nailed the key aspects of life.

    The best part of the speech that hit the home run for me personally was the part about fear. I know I am fearless when it comes to certain things. I mean, I will do a bungee jump without much fear. I will also go down a black diamond trail even though I am not a good snowboarder (and fall head over butt, 20 times before I reach the base and I am still well and alive!!!).

    But I do fear! I fear about myself and my potential and potential failures. Jack used the phrase “…sometimes even fear of our own potential greatness”, I got to beleive we all have the potential for greatness but we question it…(why? – thats a blog for another day)

    “Fear doesn’t really exist outside the mind. We can dissolve it there as well. We will need to learn how to do this if we really want to be free in life and stay connected to your heart.” – Thank you! Jack! for that insight.

  • twitterphobia

    Note: Since writing the post below, I have changed my opinion about twitter. See my latest post here Twitter’s Brilliant Sweetspot. After you read my opinion below and my recent observation of Twitter, you will obviously see how ignorant (and rude too!) I was back then.

    A friend of mine asked me if I twitter. I don’t. I have come across a while ago but neither did I find any need to twitter nor a need to “follow” other twitters. I actually don’t know who else I know twitters. Even if they did, I am not sure if I care to “follow” them. An email or a phone call or even a stop at their blog once a in a while would be sufficient.

    info overlaod

    I am a big fan of social software and there are ways to channel its power. But honestly, I think twitter is a noise in the social software arena. Apparently, its creating so much noise (causing scalability issues with its recursive messaging infrastructure!) that its founder says “We will continue hiring systems engineers, operators, and architects, as well as consultants, scientists, and other professionals to help us realize our vision”. Twitter is simply a glorified broadcast instant messaging. Or to put it in a more crude way, its a formalized version of virus that people voluntarily subscribe to! And to even suggest that people should pay $5 as service fee to use twitter makes me laugh. OK, I know I am overly critical. I know many smart investors and hardworking programmers are behind twitter (sorry dudes!). All I am saying is it has no inherent value beyond exponentially magnifying the always-connected networked zombies!

  • Reading “Small Giants”

    small giants I am in the middle of reading Small Giants. This is a great find and I am so glad I stumbled upon this book. A part of me wants to be an entrepreneur badly. I really want to be in the media business producing content for children’s education and entertainment and I always search for how other successful entrepreneurs started from scratch. Small Giants not only talks about that but also talks about the principles these small private companies live by to stay small but stay great social citizens!

    The book profiles a bunch of small companies and their entrepreneurs (some of them great leaders too) and how they started off and how they either resisted the temptation to grow and remained successful or gave up to the growth syndrome only to learn the lessons the hard way. Its a good read if you aspire to have your business one day. It will be of immense use to know what you will go through, once you become successful, which you will, if only after a failure or two. Good Luck!

  • self-reflection

    I am a self-reflective person; by that what I mean is, I look internally for answers as opposed to externally. This behavior doesn’t work well amongst some of my family and friends, naturally. Perhaps, it is due to my deep interests in both eastern and western philosophy. I have read many a books, spoken to wise and learned elders and in that process, learned an iota about how to live. I have to emphasize “iota”. But even with that, I know I am enjoying the fruits of living a life with a little bit deeper understanding of “soul” and “self”. I can go on with it but lets save that for another day when I am much more qualified to speak to it. There is enough said and written already by wise men of the east and west and so one must spend more time reading and most importantly, “contemplating”.

    The other day, I picked up “The Art of Living” by Epictetus. epictetus

    I love to pick up browse through the library book shelves, for an extended period, and eventually pick one or two at the end to read. That process in itself is very self-satisfying for some reason. It is as if I have found a treasure or something. Not only the title of this book intrigued but the name Epictetus really grabbed my attention. The back cover of the book read “Epictetus was born into slavery about 55 CE…”. If someone has said something about art of living about 2000 years ago, and we are still reading about it, it meant, it survived the test of time for at least that many years and so must be somewhat useful, if not fully relevant to today’s life. The book is in fact an interpretation by Sharon Lebell, so even the relevancy part must be taken care of.

    Its a well written book with lots of insights for better, but the key message in the book is simple and already well known :

    “Accept what we cannot change” – Just know that we cannot change or control most of the external events and other’s behaviors.

    “Muster the courage to change the things we can” – It is absolutely certain that we can totally change one thing in this world all by ourselves; That one thing is what we think about everything around the world. However, as silly as it sounds, one needs a lot of courage to change one’s thinking!

    “…and pray for the wisdom to know the difference” – This is the key because if we don’t understand what things are in our control and what is not, we will be wasting our time and energy on “wrong” things. Incredibly so, many of us are putting our time on earth not knowing this difference.

  • Rahman’s commitment to improve the world

    “Commitment to improve the world” is the reason world economic forum awards a select few from around the world with “Young Global Leader” award. The 2008 list is an long one with representation from many countries.

    Whats more fascinating to me is that Allah Rakha Rahman, the man most Indians admire, is one among the young leaders recognized. Other notables in the list include Sabeer Bhatia and the Google founders.

  • Cory Booker’s saga

    Not often we encounter truly inspiring stories of men in public service. That too behind our own backyard? Such is a story of Cory Booker, City of Newark’s Mayor. Newark City, as I know it, is where chances of one getting shot is (was) pretty good, and for someone with my demographic profile has no real business to be in Newark anyway. This month’s Esquire has a very detailed and inspiring article about Cory Booker, the “renaissances” mayor of Newark. In many ways, he is waging a war. A war for social justice with lot more meaning and impact than the war for oil in Iraq. His story touches the core of my heart because he is doing what I would like to do, but never had the courage or commitment to follow through.

    Cory has written in Esquire before and one of his own inspirations is Mrs. Virginia Jones. When Cory first met her and shared his desire to help the Newark community, she had told him “…So many people want to help, but few are committed. People live life with intentions. Well, the road to hell is paved with them. Are you committed?”. Ah! I felt a nail being sent through my head! “Road to hell is paved with good intentions”, how true! Just as many millions of people, I have a lot of good intentions, but I know my commitments aren’t good enough yet.

    Booker tells of another lesson Mrs.Jones taught him, “Boy, you need to learn something. The world you see outside of you is a reflection of what you have inside of you. If you’re one of those people who see problems, darkness, and despair, that’s all there’s ever going to be. But if you’re one of those people who see hope, opportunity, love, and even the face of God, then you can help me…”. There goes the second nail, right through the head to the bottom of my heart! Words of true wisdom from Mrs.Jones!

    We need more Cory Bookers and Mrs. Jones in this world. I am exceedingly confident (results are already proving!) Cory would turn Newark around and I am sure that is going to happen right in front of my eyes as I watch it from 35 miles away.

    I am going to sleep tonite with two nails hurting deep down. I must commit to move from being inspired to doing inspiring things. Where is the cory in me?

  • Its India’s turn now

    So far, it was US turn to acquire firms in India and capitalize on its growth. Not anymore! The trend is reversing. I was watching a CNBC late night show on India Rising and from the interviews of all the tycoons of business in India, I could see the spirit is high. The business leaders of Reliance, Godrej, Tata and many others are extremely upbeat about growth of India, but they are also unusually confident about India’s ability to take over the world of capitalism. Its not a question of “do we have the money to do it?” (though they do have tons of capital). It is all about the vision and courage to go for the sky and conquer the world! This reflects the attitude that was prevalent in the US years ago (perhaps, not as much now in comparison), when American leaders had the vision to be the most powerful country in the world. They didn’t look at in terms of their abilities or money, it was a shear determination to dream and the will to make it happen. I see a similar wave of aspirations in India now and especially among the rich and famous of business, media and entertainment This is likely unprecedented given the conservative history of India.

    Following the Spielberg partnership with Reliance group, another group within the reliance world, Adlabs, is looking to grow in the US via partnerships and distribution. It recently made an agreement with the Newyork based ImaginAsia entertainment to oversee some of the theater chains in the east and west coast cities with large concentration of Indian diaspora. This is interesting as it captures & strengthens the distribution value chain for the reliance and media making machines in Bollywood. Last year, Indian theater chain, Pyramid Saimira acquried Texas based FunAsia’s theater properties strengthening their distribution of Indian films in the US. Not only they want to control and reach the Indians in these cities through these theater chains but also earn in $$ for what was mostly produced in Rupees! Good Deal!

  • A new beginning

    On June 2nd, we had a new beginning in our life. Rishi was born. To me, it was a unique emotional and defining moment when he came to this world. I was in tears. I felt the love for the new life and at the exact same time appreciate the pain of mom delivering him. I have witnessed a miracle. It truly was, not only because it was our own child, but because I hadn’t the faintest idea what it would be like to witness a birth. One life form, taking in extraordinary, unexplainable amount of pain and suffering, giving way to another life form, all in exchange for just one thing : love

  • Explorer Iam

    One of the things I enjoy is to do is to wander. I was telling Harini today is that I am an “explorer” at my core.

    I enjoy the time I spend at the local library or the bookstore. I love to scan through aisles of books, looking for that one title or author to inspire me.
    I enjoy the time I wander around new cities we visit. I can’t wait to get up and get out looking for that one scenery or spot that would inspire me. e.g new mexico, puerto rico, paris, maui…
    I enjoy the time I wander on the cable networks channel surfing, looking for that something that interests me at that moment.
    I enjoy the time I wrestle through the random magazines on the side table at the wait room at the OBGYN’s office, inspired by the reader’s digest article.
    Best of all, I enjoy the time I wander online looking for new things that internet (and google) helps me find!

    I was reading NYtimes this morning and happened to get attracted to “Hot Ticket in B-School: Bringing Life Values to Corporate Ethics”. There I was reading about the inspiring Stewart D. Friedman and his leadership development course at Wharton Business School. I stumbled upon Brett Hurt, the founder and CEO of startup BazaarVoice.com at Austin, Texas. His company and the blog sounds interesting. If for the first time in the history of mankind we can see word-of-mouth, why not monetize it? Sounds good to me. Apparently, he was so impressed by Prof. Friedman that he is inspiring his employees with Friedman’s teachings and his book.

    Austin reminded me of one of my former colleague, Tony Castro. I spent a unforgettable 3 day, action-packed, fun-filled weekend at Austin 7 years ago with Tony and his roommates and that experience left a yearning in me that some day I will move to Austin to live that life everyday. Brett, does BazaarVoice need my service?

  • I don’t want to look at Billboards!

    “New technology has made it possible, using tiny cameras, to gather details about people looking at billboard ads, such as their age or gender” – NYTimes article, May 31, 2008 – titled “Billboards That Look Back”

    This is getting ridiculous. The privacy issues are going out of control in the name of business!

    I understand the need for make advertising effective. I also understand that without knowing who is “consuming” the advertising, it can’t be made much effective. But please not camera’s watching me!

    As such, I am not a big fan of cable TV settop boxes collecting data about what ads we are watching. Although I have a satellite dish providing us service, they enfore we connect their settop box to the telephone line to enable them to send data back when I watch the superbowl Ad or if I was channel surfing!

    Sooner or later, the data collected about us will be so intelligent that we don’t have to make any decisions ever in our life for ourselves. The data analytical systems will be so intelligent and likely accurate that we better let them say what we should do, than to think and decide for ourselves. I wonder what will be do with all the time we will then….? Watch more TV!!!