Greetings,
Apologies that I could not write for so long. Well, there were two reasons. Firstly, I was busy in my personal life and secondly, I came to London for a month. Before coming to London, I took a book from my brother's collection.
I started reading the story whenever I traveled on the tube. My office was far enough from the apartment and there was nothing better to do in those 40 minutes. The story started very well to raise my curiosity with every page I flipped but it did not end very well. Maybe, I didn't wish the story to end at all. I felt attached to Christopher and I wished to know more how his life progressed in the society of so-called sane people. Anyway, this is Mark Haddon's story. Mark wrote it very well and in a very different manner from all the books I have read so far. He has depicted every character and the events in such a way that you can see the entire book rolling like a movie. The illustrations and the graphics and mathematical equations all support the story well. Although, it may seem bit overstretched at times but that is his characterization of Christopher.
Well, the story starts with a dog, Wellington, being killed in garden opposite to Christopher's house. He wished to find out who killed the dog and started writing a book about his findings but slowly, the story unfolds many events related to people linked to Christopher, his parents and Mr & Mrs Shears and Siobhan and many others. Only halfway through the story, you realize that Christopher is not like other kids. He lives in his own world and is very clear about his likes/dislikes of colors, people, subjects, places et. He didn't like crowd and he was very good in maths. He was smart enough to figure out his way from Swindon to London to live with his mother because he figured out that it was his father who killed Wellington and now he was scared to live with him. His mother, who had earlier left his father to live with Mr Shears, came back to Swindon for his son's wishes. One of the wishes was to sit through A-level exams for Maths and get A-grade and he finally did it.
The book is full of observations from a differently-able kid and shows the impact on individuals and relationships. Really an amazing book.
lovely book
Navjot Singh
PS - Book's name is 'The curious incident of the dog in the night time'
Jul 21, 2008
Jun 3, 2008
Salary Package - Trick or Treat
Greetings,Here is another good one from the Turmoil Inc, the hypothetical company being run by an indian analogy series of Dilbert.
However, there is a serious thought behind every genuine humour otherwise people don't like it. Companies are seriously resorting to find ways to retain talent. One of the adopted ways is to offer inflated salary packages. Companies are resorting to include Variable component, Performance Bonus, Earned Leaves, Super Annuation, Gratuity and what not just to make the annual package look like a mammoth. However, under the skin of it, you will not find much flesh but a skeleton of bones padded with hopes and promises.
Here's why!! Super Annuation, Gratuity etc are never monthly or annual income components. You receive them after 4-5 years but guess what; not many people stick in the compnay for so long. Variable components are also trickily planned and your performance bonus is also linked to organization, BU and god knows what else's performance so you will never get it full. Even if you get 50%, cheer up. And since when ELs have become part of your annual salary package but listen to today's HR managers and they will tell you a list of other options that they plan to bring under your CTC umbrella so that on papers, you look like a king but in reality you get to eat beans, not chicken. HR managers are happy with their ideas because people are happy to become victims to such policies.
~ Navjot Singh
May 12, 2008
Purpose In Life !!
Greetings,
Right now, somebody sent me an inspirational and emotional email about PIL i.e. purpose in life of every human being. So, I just thought of bringing another perspective of it.
Remember.....when we were kids..each of us wanted to be "someone". Pilot/ Doctor/ Engineer and the list goes on. It needs a beggar's description to say that our parents/relaties/teachers had great influence over that choice. Slowly in the teens age, our priorities change..we started knowing ourselves and re-thought what we wanted to be. Now, the choice was different than earlier one because we could think of more options now. Doctor/ Painter/ Musician/ Journalist and some still stuck to become what they had originally thought off. Just after teens age, many realize that the world wouldn't allow us to do what we want. So, we choose what's liked by and acceptable in society. At that point, we just buried our *FIRST" choice. Maybe, that was our PIL.
Slowly, we got into the daily grind and some hard-life priorities hit our life. Somehow, "making money and performing daily chores" becomes one purpose for the MOST, who actually form the major chunk of our society. In the business, we lose our inner voice (maybe PIL again) and just goes on to do whatever is happening. We don't choose for ourselves, others do. Some people will still crave for what they really want to do. Out of these, some get successful and will be labelled as "celebrities" one way or the other. Rest will be labelled as "fools" by our saint society.
But if you get free time and you sit alone, something must encroach your mind and heart ---- "What am I doing? Where am I heading to? Is this what I wanted to do? Is this what's called as living a life?." But, this is what life is. Life is full of choices. Even if you choose not to make a chocie, you are still choosing.
By the way, in the larger context of life, nothing really matters. so chill out :-)
~ Navjot Singh Sohanpal
Right now, somebody sent me an inspirational and emotional email about PIL i.e. purpose in life of every human being. So, I just thought of bringing another perspective of it.
Remember.....when we were kids..each of us wanted to be "someone". Pilot/ Doctor/ Engineer and the list goes on. It needs a beggar's description to say that our parents/relaties/teachers had great influence over that choice. Slowly in the teens age, our priorities change..we started knowing ourselves and re-thought what we wanted to be. Now, the choice was different than earlier one because we could think of more options now. Doctor/ Painter/ Musician/ Journalist and some still stuck to become what they had originally thought off. Just after teens age, many realize that the world wouldn't allow us to do what we want. So, we choose what's liked by and acceptable in society. At that point, we just buried our *FIRST" choice. Maybe, that was our PIL.
Slowly, we got into the daily grind and some hard-life priorities hit our life. Somehow, "making money and performing daily chores" becomes one purpose for the MOST, who actually form the major chunk of our society. In the business, we lose our inner voice (maybe PIL again) and just goes on to do whatever is happening. We don't choose for ourselves, others do. Some people will still crave for what they really want to do. Out of these, some get successful and will be labelled as "celebrities" one way or the other. Rest will be labelled as "fools" by our saint society.
But if you get free time and you sit alone, something must encroach your mind and heart ---- "What am I doing? Where am I heading to? Is this what I wanted to do? Is this what's called as living a life?." But, this is what life is. Life is full of choices. Even if you choose not to make a chocie, you are still choosing.
By the way, in the larger context of life, nothing really matters. so chill out :-)
~ Navjot Singh Sohanpal
Apr 25, 2008
Making your life simple?
Greetings,
Just click on this infromative news and go towards the bottom of the article. You will see an array of images, 16 to be precise, unless they add more by the time you read that article.
If you are net savvy, you would know what each of these mean. If you don't know, you would never need to know. But my objective of this blog is just to highlight the fact that all those links were simple ideas with simple objectives but now collectively they add up to what I call as clutter of information which will lead the Internet to be more entropic.
One simple example that comes to my mind is a widget on iGoogle that lets you count the number of water glasses that you have taken in. See, how simple it made your stressful life that you don't need to count your water intake!!! How about adding another widget that counts the number of times you went to pee and then draw some trends over the weeks/months/years etc.
Let's make life simple!!
~ Navjot Singh Sohanpal
Just click on this infromative news and go towards the bottom of the article. You will see an array of images, 16 to be precise, unless they add more by the time you read that article.
If you are net savvy, you would know what each of these mean. If you don't know, you would never need to know. But my objective of this blog is just to highlight the fact that all those links were simple ideas with simple objectives but now collectively they add up to what I call as clutter of information which will lead the Internet to be more entropic.
One simple example that comes to my mind is a widget on iGoogle that lets you count the number of water glasses that you have taken in. See, how simple it made your stressful life that you don't need to count your water intake!!! How about adding another widget that counts the number of times you went to pee and then draw some trends over the weeks/months/years etc.
Let's make life simple!!
~ Navjot Singh Sohanpal
Mar 14, 2008
PPP - Who is beneficiary?
Greetings,
If you have traveled on NH-1 between Delhi and Amritsar, you have noticed a number of toll plazas. Toll plaza is a barrier point where you will stop your vehicle, pay for using the stretch of the road that a private builder has constructed and zooms ahead to stop by at the next plaza. In a stretch of 275 km from Delhi to Khanna, where I commute often, there are 2 toll plazas charging Rs. 110/- a side, when I travel by car.
All these toll collection centers are the revenue collection points of PPP projects, better known as Public-Private Partnership projects. In year 2007, Ministry of Finance has approved 37 projects under PPPAC category. In 2008, so far 8 projects are under the consideration. The project can be a highway project, flyover, bridge etc. However, mostly are highway projects trying to widen the roads, making them 4-lane, 6-lane, 8-lane etc. These projects exist because the state failed to keep pace with the infrastructure needs and humbly agreed that they can't do it themselves so they need more efficient people to work on their behalf. Let's understand this entire concept in one line. The taxpayer's money, which the government was supposed to utilize for building the infrastructure, is being given to some company to execute the project. So far, so good.
Just take any highway project. A car owner, who is a tax-paying citizen of this country, will first buy a car, pay the one time road tax and pay again to commute on the road. Now, in the name of the maintenance of the same highway project, private company is given the right to collect money from the public. Didn't that private company make margins on the project? Maybe. Maybe not. The company might have agreed to go into the long term contract of revenue sharing, rights of project-adjacent land development etc.
Whatever the agreement is that, I failed to understand WHY should the people give the extra money when they are already paying the taxes? What is the government using the taxes for? The government should pay the private company the money for executing, maintaining and whatever of the project. Finance Minister makes sure in every budget that the public is paying enough taxes. The government just can't say "Okay..Govt couldn't provide you better services myself. Govt is arranging for a private company which will provide you better services but public will have to pay more." I don't wish to pay more because this is the basic need that government is obliged to provide.
I really accept that some companies can provide better services and some people do want better services. Some people just can't afford to pay extra. Recently, the NH-8 highway stretch between Gurgaon and Delhi was put under PPP to decrease the commute time. Govt should have done that in first place. They couldn't and they let the private builder built that stretch and now the commuters have no option but to continue paying that extra toll for rest of their lives. The irony is that the traffic problem is still not solved.
Such companies, or rather Government and Private Company, should build a parallel project. NH-1 can be running in parallel just like in US where you have toll road and non-toll road. The right of choice should be reserved with the citizen.
Think, who is bigger beneficiary - Public or Private Company?
~ Navjot Singh Sohanpal
All these toll collection centers are the revenue collection points of PPP projects, better known as Public-Private Partnership projects. In year 2007, Ministry of Finance has approved 37 projects under PPPAC category. In 2008, so far 8 projects are under the consideration. The project can be a highway project, flyover, bridge etc. However, mostly are highway projects trying to widen the roads, making them 4-lane, 6-lane, 8-lane etc. These projects exist because the state failed to keep pace with the infrastructure needs and humbly agreed that they can't do it themselves so they need more efficient people to work on their behalf. Let's understand this entire concept in one line. The taxpayer's money, which the government was supposed to utilize for building the infrastructure, is being given to some company to execute the project. So far, so good.
Just take any highway project. A car owner, who is a tax-paying citizen of this country, will first buy a car, pay the one time road tax and pay again to commute on the road. Now, in the name of the maintenance of the same highway project, private company is given the right to collect money from the public. Didn't that private company make margins on the project? Maybe. Maybe not. The company might have agreed to go into the long term contract of revenue sharing, rights of project-adjacent land development etc.
Whatever the agreement is that, I failed to understand WHY should the people give the extra money when they are already paying the taxes? What is the government using the taxes for? The government should pay the private company the money for executing, maintaining and whatever of the project. Finance Minister makes sure in every budget that the public is paying enough taxes. The government just can't say "Okay..Govt couldn't provide you better services myself. Govt is arranging for a private company which will provide you better services but public will have to pay more." I don't wish to pay more because this is the basic need that government is obliged to provide.
I really accept that some companies can provide better services and some people do want better services. Some people just can't afford to pay extra. Recently, the NH-8 highway stretch between Gurgaon and Delhi was put under PPP to decrease the commute time. Govt should have done that in first place. They couldn't and they let the private builder built that stretch and now the commuters have no option but to continue paying that extra toll for rest of their lives. The irony is that the traffic problem is still not solved.
Such companies, or rather Government and Private Company, should build a parallel project. NH-1 can be running in parallel just like in US where you have toll road and non-toll road. The right of choice should be reserved with the citizen.
Think, who is bigger beneficiary - Public or Private Company?
~ Navjot Singh Sohanpal
Real Estate Globally - Where is it headed?
Greetings,
Cash is King in 2008.
~ Navjot Singh Sohanpal
I think by now, everybody, at least in IT and realty business, must have heard about Noida. Well, this is the city where I work and live and this is the city which has witnessed almost 4 times real estate appreciation in last 5 years. BPTP bagging the Noida land at awesome 5006 crore gives you an idea that investor's appetite hasn't gone down as such. Such euphoria reminds me of the same Dec/Jan for stock market.
Needless to say that real estate is lot safer than stock market but nobody is sitting out there who can guarantee you returns, especially in such global economy downturn. There are some pockets of real estate which have been virtually sitting at the same rates as they were in 1 year ago. Real estate developers and property brokers have formed such a net that they are not letting the euphoria coming down. If brokers are unable to create that aura, they will be out of business and might even be looking up to losses, assuming they themselves had invested heavily in real estate. Right now, their aura is as shiny as summer's sun in the noon because recently launched DLF's project near Manesar was reported to fully subscribed in flat 6 hours.
You can easily refer to the US, UK and Chinese and even Spain real estate and what happened to the entire housing sector starting first quarter of 2007. Reading this article on US real estate make the entire scenario look more gloomy but looks like this is what is happening.
Reading the ET Estate or speaking to real estate agents paint you a rosy picture but looking at global scenario, I wish to ask a simple question WHY India's market should be different? I think India's real estate bubble has already grown too much and maybe it's high time that government comes in with tighter controls to curb the real estate inflation. If RBI can follow China in increasing the interest rates to curb the inflation, moderate liquidity and slowdown the economy boom, they may also do same as China did for real estate sector.
Needless to say that real estate is lot safer than stock market but nobody is sitting out there who can guarantee you returns, especially in such global economy downturn. There are some pockets of real estate which have been virtually sitting at the same rates as they were in 1 year ago. Real estate developers and property brokers have formed such a net that they are not letting the euphoria coming down. If brokers are unable to create that aura, they will be out of business and might even be looking up to losses, assuming they themselves had invested heavily in real estate. Right now, their aura is as shiny as summer's sun in the noon because recently launched DLF's project near Manesar was reported to fully subscribed in flat 6 hours.
You can easily refer to the US, UK and Chinese and even Spain real estate and what happened to the entire housing sector starting first quarter of 2007. Reading this article on US real estate make the entire scenario look more gloomy but looks like this is what is happening.
Reading the ET Estate or speaking to real estate agents paint you a rosy picture but looking at global scenario, I wish to ask a simple question WHY India's market should be different? I think India's real estate bubble has already grown too much and maybe it's high time that government comes in with tighter controls to curb the real estate inflation. If RBI can follow China in increasing the interest rates to curb the inflation, moderate liquidity and slowdown the economy boom, they may also do same as China did for real estate sector.
Cash is King in 2008.
~ Navjot Singh Sohanpal
Mar 1, 2008
IT - Sailing through tough waters!!
Greetings,
If you come to of think of IT as a sea and various IT companies as ships sailing through the waters to find greener pastures, you would agree that waters have become turbulent in the pretext of US slowdown and it's impact across the world.
Forrestor has forecasted the slowdown in the IT spending worldwide. The declining dollar has seen the IT service providers growing at 10+% in 2007. They may not see the same growth but the declining dollar and economic slowdown in US would still help them achieve 5-6% growth in 2008. Some people also claim that the picture would become rosy yet again in 2009 with the expected growth around 10%. So, it looks like the overall picture is not that bad; if not that good.
BUT if you read between the lines, the growth trajectory is cutting down by 50%. When IT companies started their year, they must have started planning/budgeting for '08 keeping in mind the growth of '07 because the vision was that US slowdown would increase outsourcing. But, 3 events changed the overall outlook by end of Dec and start of Jan.
1. All of the major financials showed the multi-billion dollars sub-prime write downs in their quarterly results.
2. The fear that sub prime issues might spill over to primary market.
3. The problem of credit growth that Mr. Bush tried to solve using stimulus package.
All of the above led to the major fall in consumer's confidence in US economy which also got proved with real estate meltdown, new home construction figures, jobless data, retail spending figures in US. The companies were suddenly not just looking at reducing the costs by simply moving more jobs to offshore. You can do that but there's a limit to it. They were looking now at strategic long term measures to eliminate the non-productive businesses, basically eliminating costs altogether. Which simply means "I don't need this non-productive / loss making / not-part-of-my-vision business. Right now, I don't need people working in this business. I don't even care if people working in that business were outsourced or not. I may re-visit my decisions once the dust settles down as I don't know how deep the roots can be."
So, in my view, IT companies got caught on the wrong foot where they expected fatter order pipelines but in reality they faced the loss of business; may be just for short period. Even in recent NASSCOM summit, the expectation across the board was that things will turn good in second half of '08.
Hope my company's ship sail through.
~ Navjot Singh Sohanpal
If you come to of think of IT as a sea and various IT companies as ships sailing through the waters to find greener pastures, you would agree that waters have become turbulent in the pretext of US slowdown and it's impact across the world.
Forrestor has forecasted the slowdown in the IT spending worldwide. The declining dollar has seen the IT service providers growing at 10+% in 2007. They may not see the same growth but the declining dollar and economic slowdown in US would still help them achieve 5-6% growth in 2008. Some people also claim that the picture would become rosy yet again in 2009 with the expected growth around 10%. So, it looks like the overall picture is not that bad; if not that good.
BUT if you read between the lines, the growth trajectory is cutting down by 50%. When IT companies started their year, they must have started planning/budgeting for '08 keeping in mind the growth of '07 because the vision was that US slowdown would increase outsourcing. But, 3 events changed the overall outlook by end of Dec and start of Jan.
1. All of the major financials showed the multi-billion dollars sub-prime write downs in their quarterly results.
2. The fear that sub prime issues might spill over to primary market.
3. The problem of credit growth that Mr. Bush tried to solve using stimulus package.
All of the above led to the major fall in consumer's confidence in US economy which also got proved with real estate meltdown, new home construction figures, jobless data, retail spending figures in US. The companies were suddenly not just looking at reducing the costs by simply moving more jobs to offshore. You can do that but there's a limit to it. They were looking now at strategic long term measures to eliminate the non-productive businesses, basically eliminating costs altogether. Which simply means "I don't need this non-productive / loss making / not-part-of-my-vision business. Right now, I don't need people working in this business. I don't even care if people working in that business were outsourced or not. I may re-visit my decisions once the dust settles down as I don't know how deep the roots can be."
So, in my view, IT companies got caught on the wrong foot where they expected fatter order pipelines but in reality they faced the loss of business; may be just for short period. Even in recent NASSCOM summit, the expectation across the board was that things will turn good in second half of '08.
Hope my company's ship sail through.
~ Navjot Singh Sohanpal
Feb 22, 2008
Correlation of IPO Grading and Stock Performance
Greetings,
Before Jan 1, there was euphoria all around. Poeple would look at grey market premium and apply for IPO. I am trying to look at one other perspective. IPO gradings.
Let's see the ratings given by one of the established agencies, ICRA. It's not ICRA. For that matter, you can do similar simple comparisons for scrips graded by CARE / Fitch etc.
The first pick has to be Rel Power, graded 4 but everyone saw what happened to the scrip. Now, just compare it to the opposite say Allied Computers, graded 1 by the same agency but the stock is almost 3 times above it's issue price. Even in today's market, it is up 2%. See more for yourself. Check Ankit Metal & Power ..rated a grade 1 giving 100%+ returns over it's issue price.
One can certainly argue that in those times, market was favorable and it's not fair to compare the issues graded at different times in different market conditions. Let's try to compare the recent 2. J Kumar (rating 2) and Rel Power (rating 4). As checked around 2:30 PM today on MoneyControl, J Kumar is trading at 107, 2.7% below the issue price of 110. Rel Power is trading at 413.50, 8% below it's issue price of 450. 413 price is also because of the news of Bonus shares.
Before Jan 1, there was euphoria all around. Poeple would look at grey market premium and apply for IPO. I am trying to look at one other perspective. IPO gradings.
Let's see the ratings given by one of the established agencies, ICRA. It's not ICRA. For that matter, you can do similar simple comparisons for scrips graded by CARE / Fitch etc.
The first pick has to be Rel Power, graded 4 but everyone saw what happened to the scrip. Now, just compare it to the opposite say Allied Computers, graded 1 by the same agency but the stock is almost 3 times above it's issue price. Even in today's market, it is up 2%. See more for yourself. Check Ankit Metal & Power ..rated a grade 1 giving 100%+ returns over it's issue price.
One can certainly argue that in those times, market was favorable and it's not fair to compare the issues graded at different times in different market conditions. Let's try to compare the recent 2. J Kumar (rating 2) and Rel Power (rating 4). As checked around 2:30 PM today on MoneyControl, J Kumar is trading at 107, 2.7% below the issue price of 110. Rel Power is trading at 413.50, 8% below it's issue price of 450. 413 price is also because of the news of Bonus shares.
Now, a thought comes to my mind is that either all of these grading companies need to be graded or market is doing something fishy. ;-) With my limited knowledge, I am no brainer to judge this.
~ Navjot Singh Sohanpal
Feb 21, 2008
I've got a decision to make!!
Greetings,
Apologies for being off for so many days, I was busy playing with my sweet little daughter. When I go back home from work, her cute smile always drag me away from my laptop just to cuddle with her, spend time with her. Even in this simple situation of life, I made a decision to spend time with my lovely daughter than blogging. Now, I found some time so I thought I may share what I learned in last few days.
In our personal and professional lives, we make so many decisions; small..big..simple..difficult. I always believed that decisions using gut-feel are the best ones but still I ponder there must be someone in the management world who would have thought about step by step way of making decisions. Then, I bumped onto a book from Harvard Press. I loved the simplicity in which they have explained their 5 step (They say 5, I say 6 ;-) process for effective decision making. I just wish to share the snippet here without taking away from you the joy of reading the book.
Step 1 - Set the right context
* The same words can give different meaning, if put in different context. So, choose the right people to create the context of the problem.
* Agree on the approach to make the decision. Typical approaches are like Consensus, Majority, Boss's Verdict etc.
* Set the rule for open-minded Inquiry Method rather than Advocacy for a particular outcome.
Step 2 - Frame the problem
* Framing the problem correctly to yourself or others involved in decision-making is half-won battle.
* Some people are always biased towards certain outcome, whatever the problem is, so they may miss the original issue altogether.
Step 3 - Find the alternatives
* If you had only one option, you would not be reading this at all. The problem is that we always have many options and we need to choose the best of them. If don't have alternatives, find them because you may be missing something.
* Brainstorm, think creatively, this laterally..do whatever but find the alternatives.
* Now, reduce all those alternatives to a manageable set; which seems feasible and genuine.
Step 4 - Evaluate the alternatives
* Go through each of the alternatives found to see which will give you maximum benefit.
* There are number of methods available - Net Present Value, Prioritization Matrix, Trade-Off table, Decision Tree. Use anyone of them based on problem in context.
Step 5 - Make the decision
* Different people might find one alternative to be better than other. Typically, you may removed many options but now may have left with 2-3 only. Which one to choose NOW? I still have options ;-(
* Management world again suggest 3 techniques - Catchball, Point-Counterpoint, Intellectual Watchdog.
After you have made the decision, it is important to communicate the same to right set of people explaining the rationale behind the choice of the decision made. Go on the read the very potent and practical book from Harvard. You may buy it from Amazon or Harvard? Oh...another decision to make ;-)
What did you decide today?
~ Navjot Singh Sohanpal
Apologies for being off for so many days, I was busy playing with my sweet little daughter. When I go back home from work, her cute smile always drag me away from my laptop just to cuddle with her, spend time with her. Even in this simple situation of life, I made a decision to spend time with my lovely daughter than blogging. Now, I found some time so I thought I may share what I learned in last few days.
In our personal and professional lives, we make so many decisions; small..big..simple..difficult. I always believed that decisions using gut-feel are the best ones but still I ponder there must be someone in the management world who would have thought about step by step way of making decisions. Then, I bumped onto a book from Harvard Press. I loved the simplicity in which they have explained their 5 step (They say 5, I say 6 ;-) process for effective decision making. I just wish to share the snippet here without taking away from you the joy of reading the book.
Step 1 - Set the right context
* The same words can give different meaning, if put in different context. So, choose the right people to create the context of the problem.
* Agree on the approach to make the decision. Typical approaches are like Consensus, Majority, Boss's Verdict etc.
* Set the rule for open-minded Inquiry Method rather than Advocacy for a particular outcome.
Step 2 - Frame the problem
* Framing the problem correctly to yourself or others involved in decision-making is half-won battle.
* Some people are always biased towards certain outcome, whatever the problem is, so they may miss the original issue altogether.
Step 3 - Find the alternatives
* If you had only one option, you would not be reading this at all. The problem is that we always have many options and we need to choose the best of them. If don't have alternatives, find them because you may be missing something.
* Brainstorm, think creatively, this laterally..do whatever but find the alternatives.
* Now, reduce all those alternatives to a manageable set; which seems feasible and genuine.
Step 4 - Evaluate the alternatives
* Go through each of the alternatives found to see which will give you maximum benefit.
* There are number of methods available - Net Present Value, Prioritization Matrix, Trade-Off table, Decision Tree. Use anyone of them based on problem in context.
Step 5 - Make the decision
* Different people might find one alternative to be better than other. Typically, you may removed many options but now may have left with 2-3 only. Which one to choose NOW? I still have options ;-(
* Management world again suggest 3 techniques - Catchball, Point-Counterpoint, Intellectual Watchdog.
After you have made the decision, it is important to communicate the same to right set of people explaining the rationale behind the choice of the decision made. Go on the read the very potent and practical book from Harvard. You may buy it from Amazon or Harvard? Oh...another decision to make ;-)
What did you decide today?
~ Navjot Singh Sohanpal
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