Strategic Need in Competitive Business Environment

In today‟s competitive business environment, organizations have to go beyond than just doing business. They have to think long term, the planning which not only keeps in mind the ongoing business but also plan outs future possibilities.

Strategy is like charting out the map which we would we travelling in future, with respect to all the possible threats and opportunities which will come in the journey.

Managing the internal activities of the firm is a small part of the modern world strategy. The current world executives also must cater to the problems faced by the firm in external environment.

The very broad external environment includes competitors, suppliers, vendors, scarce resources, government agencies, political fluctuations and customers whose preferences often shift inexplicably.

Does Mission-Vision influence any company? Drawbacks and Difficulties in implementation!!

Does mission vision influence any company?
Vision and mission statements help company to get a direction or path. It provides long term and short term objectives to implement. These things not only motivate employees to get a dragging force for achieving company’s set of goals but also it helps to get in to the direction towards the welfare of organization.

 Drawbacks of Non-affordable vision and mission statements
A mission statement is a significant tool of any organization which symbolizes its growth chart and area of work. A non affordable mission statement signifies a non working area which the organization doesn’t even cater. Thus a non relevant mission statement of a organization will only lead to chaos and miss interpretation and confusion, thus extensively hampering the growth of the organization.

 Difficulties in implementation of vision and mission; strategies
A mission statement plays even more intense role or it is more effective if it is trickled down to the lowest level of employees. Its gives them a message that why we are working and what do we want to achieve. This helps all the organization as a whole to work in synchronization and thus resulting in optimum outcomes and best growth possible. Thus the main and most difficult task is to convey the mission statement to the employees and bring them in the synchronization of the working frame of the top management.

Importance of Mission Statement in Conglomerates

A mission statement of a organization distinguishes a company from others simultaneously representing the truth and reality of a organization and reflecting the true intentions of its existence. Its just for its existence but it represents the business scope, public image and vastness as a whole of organization.

Many companies grows in both its area of working and growth chart. This forces a company to expand its vision and horizon to meet its growing expectations. This results for company to revisit its mission statement which justifies a company‟s reputations.

Mission statement of an organization is more like a thought in back of the mind of top management of the organization while making any decision. Thus mission statement is more than just a print on the bulletin of a organization, it is a thought which drives its employees to work in particular direction. Thus even if a mission statement is not so very well known in general employees of the organization it should be firm idea in head of top management which always help them to decide their direction of movement and growth.

Managing risks in construction projects

Managing risks in construction projects has been recognized as a very important management process in order to achieve the project objectives in terms of time, cost,quality, safety and environmental sustainability. There are main five listed Risks:

1. Cost related risks:

Tight project schedule

Design variations

Variations by the client

Unsuitable construction program planning

Occurrence of dispute

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2. Time related risks:

Tight project schedule

Design variations

Excessive approval procedures in

administrative government departments

Variations by the client

Incomplete approval and other

documents

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3. Quality related risks:

Tight project schedule

Inadequate program scheduling

Unsuitable construction program planning

Incomplete or inaccurate cost estimate

Low management competency of

subcontractors

Price inflation of construction materials

Excessive approval procedures in

administrative government departments

Incomplete approval and other

documents

Incomplete or inaccurate cost estimate

Unsuitable construction program planning

Inadequate program scheduling

Bureaucracy of government

High performance or quality expectations

Variations of construction program s

High performance or quality expectations

Variations of construction programs

Unavailability of sufficient amount of

skilled labour

Design variations

Lack of coordination between project participants

4. Environment related risks:

Tight project schedule

Variations of construction programs

Unavailability of sufficient professionals

and managers

Excessive approval procedures in

administrative government departments

Variations by the client

Inadequate or insufficient site information

(soil test and survey report)

Low management competency of

subcontractors

High performance or quality expectations

Inadequate program scheduling

Serious noise pollution caused by

construction

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5. Safety related risks:

Tight project schedule

Low management competency of

subcontractors

General safety accident occurrence

High performance or quality expectations

Unavailability of sufficient amount of

skilled labour

Unavailability of sufficient professionals

and managers

Mitigation of Risks:

Unsuitable construction program planning

Variations of construction programs

Design variations

Lack of coordination between project

participants

Among the economic risks associated with any construction project, payment risk

looms large. Money is the lifeblood of construction, and the withholding of payment can doom a project to failure.

1. Recognize the construction contract as the bed-rock of risk management

2. The insurance and the contract need to be coordinated

3. Don’t pay for coverage you don’t need.

4. Beware potential traps in waivers of subrogation

5. Insurance wraps are a way of life, but still poorly understood.

6. Insurance and contract need to be coordinated

7. Reading friendly policy.

Essence for establishing Business in new Market

In board rooms there is always a panic situation and dilemma conquers over the report which suggests to enter into new country. Premier institution's B-graduates with double digit hands on experience on same business ultimately decides to take up the risk to dig foreseen opportunity.

Only when the bell rings and book of account pokes the decision makers repeatedly; they go to recheck where they went wrong. There will be hundreds or handful reasons but what is called CRITICAL REASON of any success or failure in new market is- "PEOPLE" with whom you make journey. Not just whom who are at forefront, but till the last count!

Organizations shall understand that when they launch themselves to new market, they should either bring people who already served the company for quite some time or people who are directly coming from campus. The reason is, they can percolate the vision, missions & core values. They know for what they strive and stand in new country/market. Unlike people with different culture & value with multiple means who reads the same book but never on the same page. Matter of focus is. you can never train to those people.

We talk about cut-throat competition and toughest situation in market, but ultimately everyone shall understand it's not a war, every company is serving humanity in different ways.

Switching Job is beneficial for Industry too!

Human resources team of most of the organizations are trying hard to retain employees. Organizations hire best of the HR professional to deal with the policies which can help them in solving the problem of retaining old employees.

Mr. Ramesh, being an employee of a multinational firm for 5 years thinks that-

- Now career is saturated and he knows particular working culture very well

- Financially also he will be profitable if he switches job; lastly

In this aspect his company will loose an expert who served for five year and knows the particular functioning in best way; so they are ready to offer some more increment to Ramesh.

When we see in broad picture, industry is benefited in large when employees switches. They share knowledge and their experience & also learn new working culture/technology domain. It's not just personal development but it elevates level of competence in industry. We need to understand that CHANGE is the only constant thing & we shall embrace it. It keeps our interest to the life and that's important. 

Effect of Indian business tycoons & communities in abroad

They say everything takes time to get glory and that is not just measured in monetary terms but, in real time what impact your business has created is the real success.

Indian tycoons explored most of the industries say- manufacturing, information technology, construction & infrastructure, healthcare & pharma, consultancy etc. They are surviving successfully in Europe, America, MENA region and most of the Asian market as well. In monetary terms it helps India to grow stronger as foreign reserve increases & current account deficit decreases. There are millions of Indian either salaried or self employed all across the world. Leaving financial & monetary things apart when you see in another corner; there are examples which will win your hearts too. Our fellow Indians are creating a bilateral relation between two countries, they attracts host country people with their capabilities.

You will find a lobby of Malayali people in Kuwait, who have strong hold in country business, Hyderabadi anna exerting great force in Saudi Arabia & UAE, lot of Sikhs communiy in Canada, Gujrati & Marwadi people spread in minimum 50 countries etc. 

But propaganda is not just this; they live together & make small small India across globe. They know their languages, but they do eat their own food. You will find many companies working with local indian community's language. Even many British/Arabic/American people try to learn their language. 

Reason is very simple; they are not in India but they are staying together, helping each other & spreading the message very clear that "upcoming superpower is rising fast."

Nasha ..

Hosh me kyu rahu me.. jab hua h tera nasha....

Nasha to log kehte h bura h par... 

Par bura hi sahi....

Nashe ne sab bhula diya... 

dunya ka dhokha .. apno ki a ruswa...

Jo nasha saans de use kyu chodu me...
Jo nasha zindagi badha de use kyu bhulau..

Or agar nasha tum ho to.. nashe me jaan dedu....?

Nasha hai tu...!! 

Procurement system needs ethical employees than anything else!

Procurement professionals are the key driver to construction industry. There is no doubt that organizations are ready to pay more for personnel with ethical values, positive attitude & technical competency. A firm either adopts or develops system for their working culture to respective department; say it documentation & indicators or comparisons & techniques to evaluate tenders/proposals.

There is need of LOYALTY in employees; it has been seen that people are employed by someone & they work for someone else.

Question is not about their survival will last long till what period but the issue is that it affects the culture & it impacts on younger generations working surround to learn from them. There is an another question that how loyalty can be injected in the era when there is turbulence in industry; either people are leaving job so rapidly or employers are unable to give job securities.

There is always a question of making the subsystem more transparent; either by bringing mathematical tools or technology based analysis to reduce the human interference in the process. but this is also not fully correct; it appeals that we trust machines more than human being. ultimately many research institutes accepted that a proper balance is the solution.

Mission/Vision/values are boardroom vocabulary : Construction Sector

Since 1960 general management is talking about strategic intent. Importance of vision, mission & values were discussed a lot for telecom, manufacturing & consulting firms. Construction sector was always at the backseat in these big terms; my colleague said that we rather focus on building big than just talking big! He may be wrong but the question is not this; my concern is- are these really not important for this sector?

"Mission statement of an organization is more like a thought in back of the mind of top management of the organization while making any decision"

Sustaining a particular ideology is not easy when people switch job so rapidly. It's like you scattered seed for growth & watered also; but it was stolen/sold to someone else at the time when it became a tree to produce food. I thought that at least government organizations can have employees with good loyalty & higher values; there it may be the case that visions are being achieved. But government organizations' vision changes with the change in government, policies changes there are more rapid than private firms.

Construction sector is the second most job creator after agriculture & food production combined. Revenue generation from it is huge but the welfare of society is happening in terms of huge marvelous structures only. Firms don't care of workers (mainly uneducated labors), they are underpaid & they work like machines, day & night for filling their stomach only. Specially condition of workers are worst in Asian construction conglomerates working in middle east.

We sit in boardrooms and we celebrate the success of milestones, discussions about the conditions of workmen comes sometime & we do present our values & vision about the great organization; but mere sad truth of life is-

all these talks were & may be will be restricted to boardrooms only.