Showing posts with label IT. Show all posts
Showing posts with label IT. Show all posts

Saturday, July 18, 2009

Meeting at its best…

Caution: This is a light hearted read and bears no resemblance with any true person living or dead or any situation. Although some of my friend find it very near to their experience but still contains no reference to them. For best read all the individual contributors are advised to read as per their current role and all the managers are advised to read this as reportee as they too have managers. Dont forgot to read Bol Bachan section… Enjoy…

Let’s start with excerpts of communication between manager and employee where employee seems to have some issues which he wanted to report.

Emp: Hello Sir. I need to talk to you regarding some of the issues do you have sometime to discuss.

Mgr: (Almost always busy) Sure but I have an important meeting (which ones are not important) right now so need to rush we can talk later in the day.

Emp: Okay Sir. Thanks (Almost always humble do they behave the same with their spouse)

Okay after sometime and some negotiations they both agreed to meet in a meeting room. (Keep in mind market is still bad and there are very few opportunities outside)

Emp: Sir as communicated to you earlier this work is getting monotonous and I wanted to have some more opportunities and work which best suited my experience.

Mgr: Great but you know this is what you have agreed to and we already communicated for next couple of years you have to persist with this and as soon as there is opportunity arrives we will consider you for that.

Emp: But Sir its already been long for me to work on this project and there is no new development and activity happening on this project which encourages me to keep interested in day to day activities and work with zeal. (I believe after every 6 months everyone starts feeling the same can we have project change every 6 months. Can assure you this isn’t feasible)

Mgr: I can understand (really?) but I don’t have any thing right now which suites you. Let’s give sometime and think about it. Please try to find any improvement/initiatives in this project. I will definitely support you for those…

Emp: Okay Sir

Mgr: I have to rush for a important meeting (again?) will talk to you later. Let me know if you need any help… (What else?)

God help those who help themselves so even after the dreadful market condition this guy managed to get a superior opportunity and now with boost of confidence he wanted to have a meeting with his manager to formally inform about his decision to resign from his services…
Let’s see how it goes…

Emp: Hi Mgr (Name) I wanted to talk to you do you have sometime now to spare (look at the confidence man)

Mgr: Hey Emp (Name) Sure I too wanted to talk to you regarding some important decisions but couldn’t managed time. Lets grab some coffee and continue our conversation (Guess what I don’t know how but managers always get allusion of what’s happening next. Is it Sixth Sense?)
After grabbing coffee and in a meeting room…

Emp: Sir actually I wanted to inform you (interruption from manager)

Mgr: Hey Emp (Name) before you say anything let me tell you some good news remember our last conversation regarding your dissatisfaction for this project I talk to senior managers and they agreed to put you on two new projects. One is you can take team lead opportunity for XYZ project that we are just rolling out and other is you can go onsite on the same role for 2 years...

Emp: (No Speaking Only Thinking) Were they waiting for me to put papers umm…

Mgr: What are you thinking dude (change of guards) let me tell you whichever project you take them both have high visibility to senior management and have great level of appreciation if you do well…?

Emp: (Still Thinking) Was the project I was doing was having no visibility…

Mgr: So what’s your take on this…

Emp: (At last speaks up) But Sir I have accepted opportunity with another company and I came to inform you about the decision regarding the same…

Mgr: Forget about resignation dude we don’t want to loose indispensible resource like you. I will talk to senior management to give you confirmation as soon as possible you just have to let me know you choice (suddenly Emp became indispensible and decision is getting quick instead of waiting for next few years)

Emp: But Sir I have decided to perceive this opportunity and its best suit my interest…

Mgr: Okay why don’t you take some time to think about this and let me know your decision later on (Now this is called smoothing or withdrawal technique and used to confuse you)
Both depart. So at end Emp is back to ground zero with lot of confusion and indecisive about his career.

Till I end this post I too was not able to decide what the best course of action for the employee is but I still have my thinking hat on and will continue conversation in next post if I get there…

But if you have identified what it is then please let me know through your comments…

Bol Bachan:

Career cannot be decided in meeting like this you have to plan it and act accordingly. Before you even start any conversation make your decision and be firm on it but leave some space to accept new ideas and opportunities that come your way.

None of the projects in the world can keep you busy and interested forever it’s your responsibility to look for continuous improvements and initiatives that not only recognize you as individual but also benefit the project and organization. Heard about KAIZEN it’s “small improvements”. Kaizen strategy calls for boundless efforts for improvement. It comes from the Japanese words “kai” which means “change” or “to correct” and “zen” which means “good”.

So guys and girls let KAIZEN.

Thursday, January 8, 2009

SATYAM or A-SATYAM!!!

Appalling reports from one of the Indian IT companies and from the Chairman Byrraju Ramalinga Raju himself who might have been seen from so many entrepreneurs as role model in setting up such a huge IT firm in committing one of the biggest corporate scam the earlier one that I remember was Enron. This unquestionably is going to have long enduring effect and will be seen as one of the black day in Indian IT and Business industry. Other companies in the analogous profession will also feel heat as this might diminish confidence level from India and abroad. There might also be probe for the auditors as how they were unaware of such a gigantic deception in the balance sheet.

Quick Facts about Satyam:
1987 – Year when Satyam was initiated as private limited company.
1991 - Announced its first Fortune 500 customer i.e. John Deere & Co.
1993 - Satyam was awarded ISO 9001 certification. Same year Satyam entered joint venture with Dun & Bradstreet for IT Services and also with GE.
1999 - Satyam signs joint venture with TRW Inc. and in the same year was assessed for SEI CMM Level 5.
2000 - Indian government awarded National HRD Award to Satyam and Ramalinga Rahu was named "IT Man of the Year" by Dataquest.
2001 - Satyam becomes world’s first ISO 9001:2000 company and was listed in NYSE.
2005 - Global development center outside India (in Melbourne) was launched.
2007 - Acquires Nitor Global Solutions Limited. Raju Ernst and Young Entrepreneur of Year
2008 - Revenue more than US $ 2-billion.

Current State:
Currently Satyam is one of the leading Indian IT firm operating in 66 countries, across 6 continents having 53,000 employees. Satyam is serving around 690 global clients which include 185 Fortune 500 companies.

Swindle Figures:
It’s nothing but the statistics that hurt market all over the world which were revealed by Mr. Raju in his resignation letter. Quick look at figures:

· Total available Cash 321 Crores INR whereas shown in balance sheet 5361 Crores INR.
· Accrued interest of 376 Crores INR which never existed.
· Total revenue in September quarter was reported 2700 Crores whereas it was just 2112 Crores.
· Operating margin declared was 649 (24%) Crores whereas it was just 61 Crores (3%).
· Total liability of 1230 Crores INR

Immediate Effect:
As soon as the news for resignation and figure in the letter was released Satyam shares fell down from 178.95 INR from Tuesday to 40.25 INR with a straight fall by 82%. Even SENSEX plunges down to 9586 from yesterday close 10335 considering depressing news. Its not only direct investors in the Satyam shares but Mutual funds buyers also have to face the music as there are around 172 Mutual Fund companies which have invested in Satyam.

Driving Factors:
Driving factors as being stated by Mr. Raju is to cope with latest slowdown in market and too keep faith of investors and customers at the same time to better engaged with new opportunities by spreading news for better position of the company in the market. Although Raju tried his level best to save company and faith of investors but situation just explode out of his hands and he has no option but to release the figures and quit.

Bol Bachan:
I am still not able to identify the real motivation factor behind such a personality and company to be in such a scoop but I am really worried about future of all my friends in IT fraternity who are in Satyam around 53,000. I hope that newly appointed board of Satyam and Indian government will take some quick steps to overcome the situation and they all will be able to survive well with their responsibility towards their job and family.

All well that ends well and hope there will be happy ending for this situation in relation to employees and Satyam…