WHAT MAKES CORPORATE WORLD TICK?

By- Ramesh Sangare, President & CEO, HRDC Group (H.R.D. Corp. & HRDC Global Placements) Pune Nagpur Hyderabad (India)

What is Corporate World and how we look at it?

The term corporate world is synonymous with large industrial establishments with its large business world that creates larger and sustained impact on its environment around it in terms of socio-economic-political-and-cultural dimensions of society. The common man looks to this world with obvious curiosity, awe, suspicion, hope, despair and even contempt. The business world looks at it as an icon which decides the trends in market.

Professionals look at it the world full of opportunities and challenges linked with their future. Expert looks at it the enigmatic entity that makes topic of applied research as the corporate watchers to predict the futuristic developments. Players in stock-markets probably sleep and also wakeup on daily basis with vibrations, upheavals, dynamics, ups and downs in this so called “Corporate World”.

?Root-

The root of “Management Science” is an “Art and Science of War”.? There are three major functions in managing Wars, broadly speaking, i.e. Strategies, Logistics, and Tactics. In running enterprises also, we need these three functions to perform.

Corporate world essentially in involved with Strategic Function of the organization. The Vision, Mission, Values, Conceptual Drivers of Strategic Changes for continuous OD is Strategic aspect of corporate governance. ?

What is strategy?-

It’s the fusion of creative imagination with the ground realities to create a trap to catch the future with vastness of exploitable potential of opportunities, and with reasonable acceptance of inherent threats. Those with sound strategy normally won the battles against formidable armies with tactical warfare and high logistics. Sound strategy is weapon no.1 of the winners.

-- Lao Tse - Chinese philosopher 3rd Century BC – “Science of War”

What is corporate governance all about?

Winners in the corporate world do the following—

• Focused Strategic Thinking with foresight on Futuristic Development,
• Focused Attention on Raising Productivity in all possible ways on the Shop-floor, which directly affects your Fighting Power with your Competitors in the Jungle of Market,
• Focused Efforts on continuously creating Developmental and Growth Oriented Culture in the Organization at all the levels,
• Benchmarking with the Best in world in Performance Management, and
• Continuous search, development, and rigorous implementation of the viable and effective Quality Management Systems to get the Best out of the Men and the Machines.

Factors for sustained success in Corporate Governance-

The organizations which are changeable, flexible, agile, alert, and restlessly creative would normally develop, and those which are sluggish, rigid, highly conservative, ultra cautious, would fail to grow and die natural death on its own.

Factors with paramount importance in achieving organizational excellence--

4-Ps in Organizational Change

• Philosophy (Long-term Thinking)
• Processes (Easy, Lean, Eliminating Waste)
• People & Partners (Respect, Challenge, Empower, Support and Grow them.)
• Problem Solving (B.P.R., Kaizen & Continuous Learning)

There are few obvious questions, which cross my mind at times--

·?????? Is there a guaranteed formula for sustained organizational success?

·?????? What are so called best practices in corporate governance?

·?????? What really makes small organization really great in due course of time?

·?????? What are those unique features of the smaller organization that are likely to emerge great?

·?????? Do smaller Indian Industrial/Business Houses in general show that passionate urge to grow Really Great?

Friends, please think and share your views.

Thanks.

Ramesh Sangare, President & CEO, HRDC Group