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Posts Tagged ‘Corporate’

Recently, by the China Human Resources Development Research Association, China Association of SMEs, the Ministry of Industry and Talent Exchange Center of China jointly organized by institutions such as business management capacity building project management capacity of the formal launch of enterprise self-built system.

China Human Resources Development Research Association, Liu Fuyuan said: “The self-study is to enhance the management capacity of the most effective way to introduce self-learning system is in this business.”

It is understood that an attempt to build self-learning system for remote live classroom has been on air, the organizers plan to use three years, the National 100 000 enterprises to establish enterprises build self-learning system.

According to Liu Fuyuan introduction, by learning to enhance the management capacity of enterprises is China’s current business will follow this path. At present, the learning ability of enterprises to improve management of three main ways: Corporate Training , In the post study, personal self.

According to Human Resource Development Council survey found that 40% of enterprise management capabilities leaning work would be enhanced by training 20% raise, while another 40% achieved by individual self.

Relatively different groups of enterprises, improve management capabilities are also very different way. Executives of the management capacity of the general by-the-job learning and training to improve, and most middle managers and general managers to improve only through self-study.

According to industry analysis, training system and the Chinese enterprises in the post are more complete learning system, which relies on self-realization of personal behavior, lack of effective self-learning system enterprise. At present, the management capacity of enterprises in general is not high, largely with business by learning the ways and means to enhance the management capacity, emphasis on-the-job learning, training, lack of effective, self-fragmentation.

China Human Resources Development Council Secretary-General Li Zhen said: “The self-learning system must meet the learning needs of enterprises, which is self-learning system enterprise building enterprise features.”

The launch of the construction business enterprises, including self-learning system, the number of sub-systems: the first is a live video system for 48 days each year to provide enterprises with the common management of live programs, systems management knowledge and skills to teach. The second is a professional learning system, will provide companies with different positions, different levels of professional management of video programs to enhance the professional management and business management. The third is the corporate knowledge resource system, and provide management shelves, trainers resource library, learning courses database, knowledge management systems series of content.

“Enterprise and individual self-learning system is different”, said Li Zhen, all self-object for the enterprise management, self-management of the content is common knowledge to the professional management based on knowledge deepens; self-learning platform is to establish a unified enterprise learning platform; self-study approach is unified by the business organization and planning; self-learning content, including real-time communication system carriers, advanced management training courses, but also including the construction enterprises to provide learning resources for library.

“It was a revolutionary form of corporate learning is to help those who are ready to establish corporate business school and the learning organization to establish the foundation of the enterprise.” Liu Fuyuan, president of the view that only training and self-learning system Education System, structural upgrades and effective supplement, not replace traditional training can not replace the post to learn more.

“At present, many companies are establishing their own Business School, a learning organization, if not for self-learning system as the core contents of the support, Business School is an empty shell and build a learning organization that is empty talk.” Li Zhen General explained that companies need to have enterprise business school learning resource library, a learning organization needs to have a climate, require high-level, mid-level, general managers match between the knowledge, ability mutual recognition, thought the same, now most Chinese enterprises do not have this condition.

Li Zhen concluded: “SMEs can effectively build enterprise self-learning system enterprise learning and training objectives, create a good learning atmosphere, to minimize the cost of enterprise learning and training, extensive and efficient integration of various learning resources , to provide staff with a high-value benefits system is the embodiment of corporate welfare. ”

Corporations are a vital part of an economy.  So are foundations, government, and faith based initiatives.  In corporations employees are starving for a new direction to create a new economy and adapt.  Corporations are largely responsible for more business transparency because of the push for information technology (IT) and access to relevant information.  Look at what information can be gathered from a Google search and now we can go directly to the consumer via Twitter and most importantly made our voices heard to produce positive change.

If you’re in a corporation trying to catch the next trend, then see what you think of this approach.  Instill corporate entrepreneurship by:

1.    Find Your Entrepreneurial Spirit

Answer the following questions: 

Have you created anything new, improved a service or process to get work and get it done better?  Are your employees excited like kids or dragging in with a bewildered look?  Are you proactive in your industry or reactive?  Do your employees even know what to do with an idea and how it flows through your organization?  Are you finding the right partnerships to serve the marketplace in a unique and better way?  Are you creating new relationships and do you really understand how to grow an idea and what it takes to germinate?   

2.    Maintain a Winning Mental Mindset

Employees need to know and believe what they are doing really makes a positive difference.  They are more interested in having serious fun at work hundreds of days a year versus the weeks of vacation they receive.  Work on instilling the mental motivation skills so your employees can be proud of the work they do to compete in a capitalistic marketplace.  Put winning back into the workplace culture.  More successes increases confidence, builds a foundation for mental motivation skills, and acts as a resource to grab from to create more successes.  Increasing your employees’ mental motivation skills to learn at another new best level is the fastest way for performance improvement to grow, profit, and evolve.  

3.    Use Leadership Teamwork

The top down structure of leadership has been diminishing more and more and this will continue because of the will of the people and technology.  Sure, for every decision there is a decision maker or group of decision makers.  As a decision maker or non-decision maker are you involved in facilitated sessions or retreats to help decipher what your team really wants, prioritize, and produce goals and metrics?  My research indicates that the majority of employees want to be on a team.  However, the dynamics of a team are missing because they are not empowered to input for various reasons.  Therefore, they feel isolated and this disrupts their mindset by putting their thinking in a rut.  Sure, they can be fired but isn’t the purpose of a corporation to develop and grow each employee as an individual with unique talents and skills as well as a teammate.  You’ll be surprised that instead of handling moral and attitude issues they will be forcing you to look at ways for you as a leader to grow, distribute, and incentize them to make your job easier and corporation more productive and profitable.  Empowerment is not a buzzword.  It is real and if you are willing to garner its creative force it will create the excitement you are looking for as a leader, boss, and employee. 

Your clients will see the difference in your work and offerings.  Spruce up your entrepreneurial spirit, winning mental mindset, and leadership teamwork on a regular basis.  It’s not a one shot deal.  You’ll have more serious fun.  It just takes investment of work, time, and money.  That’s real good because you receive a return on investment.  It will make the hundreds of days at work just as exciting as those vacation days unless, of course, you’re going on an all expenses paid trip to Hawaii.   

There are excellent management colleges in India, which impart world class management education par excellence.

We have seen a gradual shift of interest towards management studies. With the increasing focus of students towards an MBA degree has given rise to the mushrooming of management colleges. They are steadily gaining popularity and provide education facilities at par with renowned business schools of the world. With globalization and an open economy, India was exposed to the foreign investors who flooded business deals to the country. This economic paradigm led to a demand for management students to be employed by the upcoming business houses.

The promise of big moolah attracted many students to pursue management degree for a career. Needless to say, the birth of many management colleges in India is the due to the impact of the global markets. These institutions graduate scores of management professionals, all prepped up to join the corporate world.

All top management institutes in India are basically involved in two academic cycles:

Admissions for students seeking a business qualification

Placements with various companies on-campus.

Reputed management colleges, quite obviously, draw the best students. Similarly, placements with the best jobs and good remuneration attract students to go for the college having the best placement record.

Top Management Colleges in India

The following are the top management colleges in India:

Indian Institute of Management, Ahmedabad (IIM A): Provides Doctoral Programs, programs equivalent to MBA, and courses for executives as well as teachers.

Indian Institute of Management, Calcutta (IIM C): Offers post graduate diploma in management, computer added management and management for visionary leaders for all round development of students. It also offers part-time programs for the Executives.

Indian Institute of Management, Bangalore (IIM B): There are open programs, customized programs as well as International programs for full – time management professional. You can study a post graduate program in Management, Software Enterprise Management or Public Policy and Management.

Indian Institute of Management, Lucknow (IIM L): This management college offers Post Graduate Program for both Management students and working professionals.

Xavier Labor Relations Institute, Jamshedpur (XLRI): Provides the scope to pursue a post graduation in diploma in business administration or personnel management and industrial relations. It also offers fellowship programs, Satellite programs and international student exchange programs.

Indian School of Business, Hyderabad: ISB offers an executive MBA and Pre-doctoral program.

Indian Institute of Management, Indore (IIM I): IIM- I offers a management development programme, an executive post-graduate programme and a post-graduate programme in management. It offers specialized management program for Defense officers and Fellow programs.

Indian Institute of Management, Kozhikode: Candidates can choose from a variety of courses and programs, such as post-graduate programme in management, entrepreneurship fellow program and management development programs. You can also apply in the programs meant for the working Executives and the faculties.

Management Development Institute, Gurgaon: You can pursue specialized and customized management programs and executive programs to best suit your needs.

SP Jain Institute of Management & Research, Mumbai: Considered to be one of the top management colleges in India, SP Jain offers several programs either for post graduate courses or short term executive management professionals.

Most management colleges boast of renowned faculty, elaborate infrastructure and diverse management programs offered by the top B-schools in India and attract students as well as practicing managers.

Have you ever wondered how those who work within a corporate atmosphere view entrepreneurship?

I sat down with Kim Lariccia who is apart of the senior management team at Progressive Insurance. Kim has practical advice for both budding and seasoned entrepreneurs. This interview was centered on four areas of opportunities for most organizations. These four areas are: leadership, systems, money and business growth. Understanding these four components of an effective enterprise will catapult your business to the next level.

The first section dealt with was leadership. My question to Kim was, “What are the components of a good leader?” Her reply was, “A leader has to be a dynamic thinker.” A competent leader must be able to think on many plateaus; organizational, interpersonal and personal. At the organizational level a leader must think about the creation and articulation of the business’ vision, the culture of the enterprise and the return on human capital. The interpersonal plateau as Kim puts it is “leadership is based on relationship”. The people within your company must trust you, believe in you and in your vision. On a personal level, a leader must build mental and emotional fortitude. Mental fortitude is necessary, because as a leader you must think on many different levels. Emotionally fortitude is required, because ultimately you are responsible for the end result. Therefore your EQ (emotional quotient) must be high for you to have your vision completed through the efforts of your personnel.

The next subject Kim and I talked about was systems. A system is a specific way of doing some thing that brings about a desired result. Entrepreneurs must realize the importance of system development and maintenance if they desire to build an effective organization. Kim indicated that entrepreneurs should use the concept of benchmarking.

Finding the “best practices” of running a business within your specific industry and then mastering those systems is benchmarking. Do you know what your competitors are doing with their processes, policies and procedures? Kim gave a great suggestion for entrepreneurs. Carry an “observation notebook”. You will use this notebook to document the systems you observe within your industry and among your competition. Write down systems, practices, and processes, both good and bad and how they made you feel.

Every experience a customer has at your place of business will affect them on an emotional level. Does this sound familiar, “When I walked into that store no asked me if I needed help. They acted as if they didn’t want my business, so I am going to spend my money where I am appreciated.” The customer’s experience is not logical, it’s emotional. As Kim said, “A great customer experience is what drives success”.

Then naturally, our conversation moved to the topic of money. My question to Kim, “What should entrepreneurs focus on, cash-flow or profitability”. Her reply, “Cash-flow is the reality to stay in business, that is why you need solid backing from the start. Once your cash-flow is consistent, you can position your company to become profitable”. Entrepreneurs must first get the resources they need so their companies can achieve a consistent cash-flow. A resource is not only currency. It’s having a network of trustworthy colleagues that you can bounce ideas off of. It’s also aligning yourself with employees that compliment you abilities. We ended this area with Kim saying, “Don’t panic about the money do your research” This statement transition the interview to our last topic, business growth.

The question that was asked, “How can an entrepreneur grow an organization?” Kim indicated, “It all starts with research, and this is the step most entrepreneurs try to skip”. First, you learn about the opportunity. Is it good, bad or indifferent to you? If it is a good venture, then investigate to find out the type of infrastructure that is needed to capitalize on the opportunity. Finally, do your planning and your forecasting for your new business.

“If possible after the research stage”, Kim said, “pilot your business”. Some call this practice, test marketing. During this process you will find out if your research was accurate. This is also where you will tweak and fine-tune your systems. The piloting stage will give you a glimpse of the capital needed and returns that are possible without a huge upfront investment. Also, while you are piloting your business, make sure you document the best practices for your organization so your future employees can perform their jobs.

At the conclusion for the interview I asked Kim, “What final advice do you have for entrepreneurs?” Her response, “Concern yourself with the ‘what if’s’. What if your company grows twice or four times as fast as you expected? What will you do? What if your business does not grow as fast as you have projected? What will you do?” When entrepreneurs concern themselves with the ‘what if’s’, they will focus on the necessary up front preparation; research, planning and documentation. As a result, they will build and effective organization.

Thank you to Kim Lariccia for your time and needed wisdom. This information will help entrepreneurs on their journey to building an effective organization.