Monday, July 11, 2011

Learning life from Business Management

In my opinion, managing a business and managing your personal life has striking similarities. Managing the business efficiently will provide you monetory benefits, while managing your personal life effectively will give you internal peace and respect.

When any business is new, it is unstable, fresh with innovative ideas, trying to learn from the environment, market. Explore as much as possible and finally creates a niche of its own. In this process, it has a particular aim to make it big. When it grows to such an extent that one person cannot handle it, we create a hierarchy structure and many stake holders are involved in order to sustain the growth of the organisation. Now to make this business a success, we need good managerial and organisational skills.

Now, if we apply a similar theory to our personal lives and metamorphose ourselves as an organisation, I find that we again need the same good managerial and organisational skills in order to sustain the personal growth. The growth could be quantitative in terms of the amount of relationships we add to our life and also on achievement basis, the new milestones we achieve on this path to make it big.

When we are born we are an organisation that is created and we try to explore, learn, innovate and keep ourselves always open to new things. Here we are a company of just four entities, ourselves, mother, father and siblings. We love each one present in the company at this moment because we know that each one here wants to make this organisation big and does everything possible to achieve and fulfill the wants of the company even if it means sacrificing some of the personal pleasures. Here the organisation tends to be selfish and they are worried only about their own self.
When our organisation grows a little, we hand over contracts to a few vendors like school, college and other institutions to fulfill our desire to gain more information and train us intellectually. It is in this phase that we have another entity in the organisation called friends. In the form of teachers, We have people who have been given the responsibility of nurturing the organisation in the correct direction and has correct processes or in the words the right moral values. The organisation learns that to be successful we have got to share, we cannot remain just selfish. This is also the place where we recruit friends. We recruit them very meticulously by focusing whether he/she will meet the requirements of the organisation. We check whether he/she understands the policies, processes and overall conduct to be maintained or in other words whether he/she understands you and whether he will be there in time of crisis. These recruits either stay or leave the organisation, we also layoff some of them. It is very important for the sake of wellness of the organisation that we take the correct uninfluenced, impartial decisions. We also experience many good and bad incidents which teach us life.

By the time we are done with the education, we realise that not all people that we have recruited are loyal to the organisation. We now understand that only the people loyal to the organisation remain in touch with you, others come and go, there is no point in forcing them to stay in the organisation by displaying your wealth.

When we take up a job, another entity called colleagues join our organisation. These are like shareholders of your organisation. They invest in you and are concerned about your well being. However, most of them are concerned only with the returns. What is that they can obtain from you, if they invest in you. What will be return on investment. Hence, it does not make a difference to most of them whether you remain in the right state or no, they are only concerned about their returns. Once they get their dividends on time, they are not bothered about the state of the organisation.

Having said all the things above, the most important thing in any organisation is that it has its top management happy and keeping them happy keeps the organisation in the best shape. Similarly, it is important to keep our parents happy, so that our organisation touches new heights and we remain happy throughout our life!