A place for me to speak-out. A chance for my soul to seek...
' Had I the heavens' embroidered cloths,
Enwrought with golden and silver light,
The blue, the dim and the dark cloths Of night and light and the half light, I would spread the cloths under your feet;
But I, being poor, have only my dreams;
I have spread my dreams under your feet;
Tread softly because you tread on my dreams '
- William Butler Yeats
Tuesday, October 28, 2008
IIT IIM Grads introduce in mouse to bell the CAT
How to build Google like team
2. All leaders no followers.
3. Don’t hire spotless people, Look for spots in the people which matters the most.
4. Punish mediocre success and reward excellent failures.
5. Don’t award TOP 1% and create 99% people unhappy. Award TOP 99% and Fire rest 1%, create 100% happy employees.
6. Freedom to loose = Celebrate failures = Team which looses most wins on creativity.
7. Kill “Lick my ass” kinda managers.
8. Kill project meetings instead go for drink parties and fight over your creative opinion.
9. Don’t work on a project instead own project.
10. Bring design and creativity in all aspect of work.
11. Don’t work when your energies are low as your work requires the best times of the day.
12. Fire managers and buy Leaders.
13. Creativity is driven by stomach so don’t work with empty stomach instead eat best food you love.
14. Don’t earn money earn reputation.
15. First build the product than collect the requirement than do project planning than test it and if it sucks.
Repeat the above cycle.
Monday, August 04, 2008
AN INDIAN MARKETING MAN - VERY FUNNY
Indian salesman: "Sir, I was a salesman back home in
Well, the boss liked the Indian so he gave him the job. "You start tomorrow. I'll come down after we close and see how you did."
His first day on the job was rough but he got through it. After the store was locked up, the boss came down. "How many sales did you make today?"
Indian boy says: "Sir, Just one sale."
The boss says: "Just ONE? No! No! No! You see here our sales people average 20 or 30 sales a day." If you want to keep this job, you'd better be doing better than just one sale. By the way, how much was the sale for?"
Indian boy says: " $101 237. 64"
Boss says: "$101 237. 64? What did you sell?"
Indian boy says: "Sir, First I sold a small fishhook, then a medium fishhook, a large one and a new fishing rod with some fishing gear.
Then I asked him where he was going fishing and he said down on the coast, so I told him he'll need a boat, so we went down to the boating department and I sold him a twin engine Chris Craft.
Then he said he didn't think his Honda Civic would pull it, so I took him down to our automotive department and sold him that 4X4 Blazer.
I then asked him where he would be staying, and since he had no accommodation, I took him to camping department and sold him one of those new igloo 6 sleeper camper tents.
Then the guy said, while we're at it, I should throw in about $100 worth of groceries and two cases of beer.
The boss said: "You're not serious? A guy came in here to buy a fishhook and you sold him a boat, a 4X4 truck and a tent?"
Indian boy says: "No Sir, actually he came in to buy Anacin for his headache, and I
said: Well, fishing is the best way to relax your mind."...
Wednesday, July 23, 2008
Subroto Bagchi's Speech @ IIMB - 2006
I keep hearing this again and again... hope u guys like it too...
I was the last child of a small-time government servant, in a family of five brothers. My earliest memory of my father is as that of a District Employment Officer in Koraput, Orissa. It was and remains as back of beyond as you can imagine. There was no electricity; no primary school nearby and water did not flow out of a tap. As a result, I did not go to school until the age of eight; I was home-schooled. My father used to get transferred every year. The family belongings fit into the back of a jeep - so the family moved from place to place and, without any trouble, my Mother would set up an establishment and get us going. Raised by a widow who had come as a refugee from the then East Bengal, she was a matriculate when she married my Father. My parents set the foundation of my life and the value system which makes me what I am today and largely defines what success means to me today.
As District Employment Officer, my father was given a jeep by the government. There was no garage in the Office, so the jeep was parked in our house. My father refused to use it to commute to the office. He told us that the jeep is an expensive resource given by the government – he reiterated to us that it was not 'his jeep' but the government's jeep. Insisting that he would use it only to tour the interiors, he would walk to his office on normal days. He also made sure that we never sat in the government jeep - we could sit in it only when it was stationary. That was our early childhood lesson in governance - a lesson that corporate managers learn the hard way, some never do.
The driver of the jeep was treated with respect due to any other member of my Father's office. As small children, we were taught not to call him by his name. We had to use the suffix 'dada' whenever we were to refer to him in public or private. When I grew up to own a car and a driver by the name of Raju was appointed - I repeated the lesson to my two small daughters. They have, as a result, grown up to call Raju, 'Raju Uncle' - very different from many of their friends who refer to their family drivers as 'my driver'. When I hear that term from a school- or college-going person, I cringe. To me, the lesson was significant – you treat small people with more respect than how you treat big people. It is more important to respect your subordinates than your superiors.
Our day used to start with the family huddling around my Mother's chulha - an earthen fire place she would build at each place of posting where she would cook for the family. There was no gas, nor electrical stoves. The morning routine started with tea. As the brew was served, Father would ask us to read aloud the editorial page of The Statesman's 'muffosil' edition - delivered one day late. We did not understand much of what we were reading. But the ritual was meant for us to know that the world was larger than Koraput district and the English I speak today, despite having studied in an Oriya medium school, has to do with that routine. After reading the newspaper aloud, we were told to fold it neatly. Father taught us a simple lesson. He used to say, "You should leave your newspaper and your toilet, the way you expect to find it". That lesson was about showing consideration to others. Business begins and ends with that simple precept.
Being small children, we were always enamored with advertisements in the newspaper for transistor radios - we did not have one. We saw other people having radios in their homes and each time there was an advertisement of Philips, Murphy or Bush radios, we would ask Father when we could get one. Each time, my Father would reply that we did not need one because he already had five radios - alluding to his five sons. We also did not have a house of our own and would occasionally ask Father as to when, like others, we would live in our own house. He would give a similar reply, "We do not need a house of our own. I already own five houses". His replies did not gladden our hearts in that instant. Nonetheless, we learnt that it is important not to measure personal success and sense of well being through material possessions.
Government houses seldom came with fences. Mother and I collected twigs and built a small fence. After lunch, my Mother would never sleep. She would take her kitchen utensils and with those she and I would dig the rocky, white ant infested surrounding. We planted flowering bushes. The white ants destroyed them. My mother brought ash from her chulha and mixed it in the earth and we planted the seedlings all over again. This time, they bloomed. At that time, my father's transfer order came. A few neighbors told my mother why she was taking so much pain to beautify a government house, why she was planting seeds that would only benefit the next occupant. My mother replied that it did not matter to her that she would not see the flowers in full bloom. She said, "I have to create a bloom in a desert and whenever I am given a new place, I must leave it more beautiful than what I had inherited". That was my first lesson in success. It is not about what you create for yourself, it is what you leave behind that defines success.
My mother began developing a cataract in her eyes when I was very small. At that time, the eldest among my brothers got a teaching job at the University in Bhubaneswar and had to prepare for the civil services examination. So, it was decided that my Mother would move to cook for him and, as her appendage, I had to move too. For the first time in my life, I saw electricity in homes and water coming out of a tap. It was around 1965 and the country was going to war with Pakistan. My mother was having problems reading and in any case, being Bengali, she did not know the Oriya script. So, in addition to my daily chores, my job was to read her the local newspaper - end to end. That created in me a sense of connectedness with a larger world. I began taking interest in many different things. While reading out news about the war, I felt that I was fighting the war myself. She and I discussed the daily news and built a bond with the larger universe. In it, we became part of a larger reality. Till date, I measure my success in terms of that sense of larger connectedness.
Meanwhile, the war raged and India was fighting on both fronts. Lal Bahadur Shastri, the then Prime Minster, coined the term "Jai Jawan, Jai Kishan" and galvanized the nation in to patriotic fervor. Other than reading out the newspaper to my mother, I had no clue about how I could be part of the action. So, after reading her the newspaper, every day I would land up near the University's water tank, which served the community. I would spend hours under it, imagining that there could be spies who would come to poison the water and I had to watch for them. I would daydream about catching one and how the next day, I would be featured in the newspaper. Unfortunately for me, the spies at war ignored the sleepy town of Bhubaneswar and I never got a chance to catch one in action. Yet, that act unlocked my imagination. Imagination is everything. If we can imagine a future, we can create it, if we can create that future, others will live in it. That is the essence of success.
Over the next few years, my mother's eyesight dimmed but in me she created a larger vision, a vision with which I continue to see the world and, I sense, through my eyes, she was seeing too. As the next few years unfolded, her vision deteriorated and she was operated for cataract. I remember, when she returned after her operation and she saw my face clearly for the first time, she was astonished. She said, "Oh my God, I did not know you were so fair". I remain mighty pleased with that adulation even till date. Within weeks of getting her sight back, she developed a corneal ulcer and, overnight, became blind in both eyes. That was 1969. She died in 2002. In all those 32 years of living with blindness, she never complained about her fate even once. Curious to know what she saw with blind eyes, I asked her once if she sees darkness. She replied, "No, I do not see darkness. I only see light even with my eyes closed". Until she was eighty years of age, she did her morning yoga everyday, swept her own room and washed her own clothes. To me, success is about the sense of independence; it is about not seeing the world but seeing the light.
Over the many intervening years, I grew up, studied, joined the industry and began to carve my life's own journey. I began my life as a clerk in a government office, went on to become a Management Trainee with the DCM group and eventually found my life's calling with the IT industry when fourth generation computers came to India in 1981. Life took me places - I worked with outstanding people, challenging assignments and traveled all over the world. In 1992, while I was posted in the US, I learnt that my father, living a retired life with my eldest brother, had suffered a third degree burn injury and was admitted in the Safderjung Hospital in Delhi. I flew back to attend to him - he remained for a few days in critical stage, bandaged from neck to toe. The Safderjung Hospital is a cockroach infested, dirty, inhuman place. The overworked, under-resourced sisters in the burn ward are both victims and perpetrators of dehumanized life at its worst. One morning, while attending to my Father, I realized that the blood bottle was empty and fearing that air would go into his vein, I asked the attending nurse to change it. She bluntly told me to do it myself. In that horrible theater of death, I was in pain and frustration and anger. Finally when she relented and came, my Father opened his eyes and murmured to her, "Why have you not gone home yet?" Here was a man on his deathbed but more concerned about the overworked nurse than his own state. I was stunned at his stoic self. There I learnt that there is no limit to how concerned you can be for another human being and what is the limit of inclusion you can create. My father died the next day.
He was a man whose success was defined by his principles, his frugality, his universalism and his sense of inclusion. Above all, he taught me that success is your ability to rise above your discomfort, whatever may be your current state. You can, if you want, raise your consciousness above your immediate surroundings. Success is not about building material comforts - the transistor that he never could buy or the house that he never owned. His success was about the legacy he left, the memetic continuity of his ideals that grew beyond the smallness of a ill-paid, unrecognized government servant's world.
My father was a fervent believer in the British Raj. He sincerely doubted the capability of the post-independence Indian political parties to govern the country. To him, the lowering of the Union Jack was a sad event. My Mother was the exact opposite. When Subhash Bose quit the Indian National Congress and came to Dacca, my mother, then a schoolgirl, garlanded him. She learnt to spin khadi and joined an underground movement that trained her in using daggers and swords. Consequently, our household saw diversity in the political outlook of the two. On major issues concerning the world, the Old Man and the Old Lady had differing opinions. In them, we learnt the power of disagreements, of dialogue and the essence of living with diversity in thinking. Success is not about the ability to create a definitive dogmatic end state; it is about the unfolding of thought processes, of dialogue and continuum.
Two years back, at the age of eighty-two, Mother had a paralytic stroke and was lying in a government hospital in Bhubaneswar. I flew down from the US where I was serving my second stint, to see her. I spent two weeks with her in the hospital as she remained in a paralytic state. She was neither getting better nor moving on. Eventually I had to return to work. While leaving her behind, I kissed her face. In that paralytic state and a garbled voice, she said, "Why are you kissing me, go kiss the world." Her river was nearing its journey, at the confluence of life and death, this woman who came to India as a refugee, raised by a widowed Mother, no more educated than high school, married to an anonymous government servant whose last salary was Rupees Three Hundred, robbed of her eyesight by fate and crowned by adversity - was telling me to go and kiss the world!
Success to me is about Vision. It is the ability to rise above the immediacy of pain. It is about imagination. It is about sensitivity to small people. It is about building inclusion. It is about connectedness to a larger world existence. It is about personal tenacity. It is about giving back more to life than you take out of it. It is about creating extra-ordinary success with ordinary lives.
Thank you very much; I wish you good luck and Godspeed. Go, kiss the world."
Sunday, July 13, 2008
CAT 2008 Bulletin & Admission Details
Dear MBA Aspirants ,
Finally The CAT 2008 Bulletin is out. This Year Cat 2008 ( Common Admission Test ) will be conducted on 16 November 2008.
Important Dates :-
Issue of CAT Bulletins by Axis Bank STARTS : JULY 14, 2008
Issue of CAT Bulletins by Axis Bank ENDS : AUGUST 8, 2008
Issue of CAT Bulletin by IIMs ENDS : AUGUST 13, 2008
Last date for receipt of completed CAT Applications by the IIMs : SEPTEMBER 5, 2008
Common Admission Test : November 16, 2008 (Sunday)
Downloads :-
Online Cat 2008 Bulletin : Download
The eligibility criteria for CAT 2008 : Download
Test Centers & Dates Download : Download
Participating Institutes :
IIMs :-
Indian Institute of Management Ahmedabad ( IIMA )
( Official Website : http://desimad.blogspot.com/2008/07/www.iimahd.ernet.in )
Indian Institute of Management Bangalore ( IIMB )
( Official Website : http://desimad.blogspot.com/2008/07/www.iimb.ernet.in )
Indian Institute of Management Calcutta ( IIMC )
( Official Website : http://desimad.blogspot.com/2008/07/www.iimcal.ac.in )
Indian Institute of Management Indore ( IIMI )
( Official Website : http://desimad.blogspot.com/2008/07/www.iimidr.ac.in )
Indian Institute of Management Kozhikode ( IIMK )
(Official Website : http://desimad.blogspot.com/2008/07/www.iimk.ac.in )
Indian Institute of Management Lucknow ( IIML )
( Official Website : http://desimad.blogspot.com/2008/07/www.iiml.ac.in )
List of Non IIM Institutues using CAT 2008 scores : Download
Monday, March 31, 2008
Microsoft's Bid for Yahoo Is All About Big-Budget Brand Advertising
From the rise in instant manufacturing to the growth of open-source business models, these trends show that innovation can bloom even in a grim economic climate.
Here's a look at nine trends driving business in 2008 — and a deeper explanation of the surprising secrets to Apple's success.
There are other reasons to buy Yahoo — its wealth of top-notch Web services, for example — but ultimately it comes down to advertising. Web advertising is in the midst of a metamorphosis. As television implodes, marketing chiefs are turning to the Net to create branding initiatives. They know you can't build a brand with little text ads that pop up next to search results. But you can with video and display, especially now that display has moved beyond static banner ads to include Flash animation and sound. Web advertising, which passed $20 billion last year in the US, is expected to surpass $60 billion in four years, and display and video ads will account for more than a third of the total. That means there's an opportunity to make money by dominating those categories the same way Google dominates the search market. "The race is on," says Mark Kingdon, CEO of digital ad agency Organic.
Google is already off and running. In February it rolled out AdSense for Video — an early attempt to bring video advertising to the thousands of sites it now delivers text ads to. What Yahoo brings to the table is numbers: It is the world's most popular Internet publisher, delivering Web pages to nearly 140 million people a month in the US alone. Yahoo also delivers ads to a vast network of independent sites, increasing its advertising reach to 85 percent of US Internet users, according to comScore. Microsoft reaches 56 percent of the US Internet population through MSN and Windows Live, but it still lacks credibility with Madison Avenue. Put it together with Yahoo, however, and you have a scale that even Google can't match.
Even if the Yahoo purchase goes through, a company like Microsoft needs more than reach. It also needs the technology to deliver the right ads to the right eyeballs at the right time and come back with a precise measurement of the results. But as Tim Hanlon of digital consultancy Denuo observes, "The best stuff is not coming from the leviathan players." One of the biggest advances in advertising technology, behavioral targeting, was pioneered by little firms like Tacoda (before it was bought by AOL) and the Drivepm unit of aQuantive (before it was bought by Microsoft). Behavioral targeting tracks surfers as they traverse the Web, making it feasible to deliver automobile ads, say, not just on auto-related homepages but on other sites visited by someone who's shown an interest in buying a car. That has opened up vast new quantities of inventory — Web pages that previously would have been a tough sell to advertisers but now make sense. "There's a lot more innovation to come," Hanlon says. The irony is that it probably won't be delivered by Yahoo, whether or not it's acquired by Microsoft. After all, this is a company that fumbled every opportunity in search. "It's a classic case," Hanlon adds. "Do two wrongs make a right?"
Friday, March 21, 2008
What is Knowledge Management? A definition & KM faq !!!
Why we should manage our or organization's knowledge?
To identify or define knowledge management we must answer three questions.
1. What is the knowledge in the context of the organization?
2. What are the strategic objectives of the organization?
3. What is required to be done to facilitate learning, innovation and sharing to achieve the above objectives?
Any system, which can address all the above issues we can call it knowledge management. We can't create a platform to address the third question without knowing the strategic objectives of the organization. Similarly we must try to identify the knowledge of the organization and then design the tools to answer the points.
What is the knowledge in the context of the organization?
What knowledge today the organization has in terms of its tacit and explicit knowledge to perform its day today works? We may go for a knowledge audit to identify it. Here care is to be taken that eighty percent of the organization knowledge is tacit. A knowledge audit will identify the knowledge inventory of the organization and a knowledge map can be created. This would facilitate in identifying the future knowledge requirements of the organization to achieve its strategic objectives.
What are the strategic objectives of the organization?
Any knowledge Management system has to address the strategic objectives of the organization. Future knowledge requirements are to be planed to address those goals or objectives. The chief knowledge officer ( CKO ) and his / her team has to create or design tools or platforms to facilitate learning, innovation, sharing to achieve those strategic objectives. The simple question to ask is “What we want to be ( or achieve) in future? What knowledge is required to achieve that? How to acquire that knowledge?
What is required to be done to facilitate learning, innovation and sharing to achieve the above objectives?
What tool to design to create a platform where knowledge can be generated to achieve future objectives of the company. Here it is very common that we end of with a IT solution but any tool must address the above issues. Type of business process, people issue and other environment is to be considered while creating a
platform. Some standard tools like Community of practice (COP) can be deployed in a manufacturing company. COP does not require IT much unless it is a virtual community. IT plays and important role in creating virtual community where members are distributed geographically in a wide area.
Let us now define knowledge management.
Knowledge Management is a system to facilitate learning, innovation and sharing to achieve the strategic objectives of an organization.
Monday, December 10, 2007
Ways to Kill Ideas
(1) Criticize
(2) Ban Brainstorms
(3) Hoard problems
(4) Efficiency focus not Innovation
(5) Overwork
(6) Adhere to Plan
(7) Punish Mistakes
(8) Do Not Look Outside
(9) Promote Like people
(10) Do Not Train.
Well to the list we can add following 40 idea killer phrases (from Reference: “What A Great Idea” by Charles “Chick” Thompson, 1992, HarperCollins Publishers)
1. "Yes, but. . . "
2. "We tried that before."
3. "That's irrelevant."
4. "We haven't got the manpower."
5. "Obviously, you misread my request."
6. "Don't rock the boat!"
7. "The boss (or competition) will eat you alive."
8. "Don't waste time thinking."
9. "Great idea, but not for us."
10. "It'll never fly."
11. "Don't be ridiculous."
12. "People don't want change."
13. "It's not in the budget."
14. "Put it in writing."
15. "It will be more trouble than it's worth."
16. "It isn't your responsibility."
17. "That's not in your job description."
18. "You can't teach an old dog new tricks."
19. "Let's stick with what works."C
20. "We've done all right so far."
21. "The boss will never go for it."
22. "It's too far ahead of the times."
23. . . . laughter. . .
24. . . . suppressed laughter. . .
25. . . . condescending grin. . .
26. . . . dirty looks. . .
27. "Don't fight city hall!"
28. "I'm the one who gets paid to think."
29. "What will people say?"
30. "Get a committee to look into that."
31. "If it ain't broke, don't fix it."
32. "You have got to be kidding."
33. "No!"
34. "We've always done it this way."
35. "It's all right in theory. . . but. . ."
36. "Be practical!"
37. "Do you realize the paperwork it will create?"
38. "Because I said so."
39. "I'll get back to you."
40. . . . silence. .
Sunday, September 30, 2007
The Great Indian Dream By THOMAS L. FRIEDMAN
Nine years ago, as Japan was beating America's brains out in the auto industry, I wrote a column about playing a computer geography game with my daughter, then 9 years old. I was trying to help her with a clue that clearly pointed to Detroit, so I asked her, "Where are cars made?" And she answered, "Japan." Ouch.
Well, I was reminded of that story while visiting an Indian software design firm in Bangalore, Global Edge. The company's marketing manager, Rajesh Rao, told me he had just made a cold call to the vice president for engineering of a U.S. company, trying to drum up business. As soon as Mr. Rao introduced himself as calling from an Indian software firm, the U.S. executive said to him, "Namaste" — a common Hindi greeting. Said Mr. Rao: "A few years ago nobody in America wanted to talk to us. Now they are eager." And a few even know how to say hi in proper Hindu fashion. So now I wonder: if I have a granddaughter one day, and I tell her I'm going to India, will she say, "Grandpa, is that where software comes from?"
Tuesday, September 04, 2007
Monday, September 03, 2007
Flying Economy : Q1 9.3% Growth
Indian economy grows surprise 9.3 percent in Q1
NEW DELHI — India's economy accelerated by a surprise 9.3 percent in the first quarter as industry and services grew strongly but a slowdown loomed, analysts warned Friday.
The quicker pace of growth in the April to June period in South Asia's largest economy exceeded analysts' expectations of around 8.9 percent and outpaced the 9.1 percent expansion in the previous quarter, data showed.
"The GDP figures have come in strong," said Manika Premsingh at Edelweiss Capital, but she warned of slower expansion in coming quarters as a result of a steady tightening of monetary policy to curb inflation.
India's economy grew by 9.4 percent in the financial year to March 2007, buoyed by an increasingly affluent middle class, and is the second-fastest growing after China.
Finance minister P. Chidambaram said he was "confident GDP growth will remain close to nine per cent this year" even though first-quarter growth was "a shade below" the 9.6 percent expansion logged in the year-ago period.
Other data Friday showed inflation slipped just below four percent for the first time in over 15 months for the week ended August 18, down from 4.10 percent the previous week and well under central bank targets.
But economists said the fall in the wholesale price index, India's closest watched inflation measure, was mainly due to a high year-ago base effect when inflation was 5.12 percent.
"For now, it does not seem likely the central bank will loosen rates in a hurry... (as) the economy continues to grow at an above trend pace," said Premsingh.
The latest growth figures reflected a robust performance by manufacturing, which grew by 11.9 percent year-on-year. Services accelerated by 10.6 percent.
Agriculture, which the government is hoping to stimulate to boost overall growth, expanded by 3.8 percent.
"Construction has surprised on the upside and agriculture has turned out a bit stronger than expected," said Soumitra Choudhury, economic advisor at credit rating agency ICRA.
The growth data helped to lift India's benchmark Sensex index by 1.30 percent or 196.86 points to 15,318.60, for its sixth straight day of gains.
"The GDP numbers were strong in absolute terms, it was a good indicator for the market," said Naresh Garg, chief investment officer at Sahara Mutual fund.
The better growth data prompted some economists to boost full-year forecasts.
But the economy would still expand more slowly this year than last, when growth was the fastest in nearly two decades, according to their predictions.
Monetary tightening may already be cooling the economy. Sales of cars, motorbikes and trucks have dropped as interest rates have surged to five-year highs. Consumer durables spending has also fallen.
JP Morgan said it would likely hike its full-year growth forecast to around 8.6 percent from 8.0 percent earlier. India's central bank has forecast 8.5 percent growth.
"Growth in the remainder of the year will moderate slightly owing to the combined impact of monetary tightening and recent rupee appreciation," said JP Morgan economist Rajeev Malik, who forecast a "pronounced" slowdown in consumer spending.
The rupee is trading at around eight-year highs against the dollar after hitting close to decade peaks earlier this year.
Many analysts said India was relatively protected from the US subprime crisis, noting the direct exposure of domestic banks to the credit woes is limited.
But some analysts warned the subprime turmoil could cause a "significant" slowdown if it persists for more than a few months, for instance if it staunches foreign investment flows into India.
India's Prime Minister Manmohan Singh has said the economy needs to grow by at least 10 percent annually to address widespread, crushing poverty.
Tuesday, August 21, 2007
Is total transparency good?
I'm finally catching up on some backed up reading, including a month-old Wired magazine with the titillating cover story "Get Naked!".No, it's not what you think. The main story and some ancillary ones are about corporations who become totally transparent (naked) in relation to their staff, their board, their customers and their stockholders. Well worth the read. It's issue 15.04.
The stories range from coming out a bit, to total transparency and the resulting benefits. All of this led to some long discussions with people I respect, and some careful thoughts about this concept.
I've long advocated sharing much, much more information internally, including all of your financials with all of your staff (unless you have a union). I've told dozens of clients to share their draft strategic plan with their community. I tell everyone to post a link to their current 990 and most recent audit on the first page of their website.
But share everything? Nah. As a former ED, I can tell you that sharing MOST of my thoughts got me in trouble at times. Imagine this: income is down, you are thinking about a long term restructuring, and you muse about this in your blog. The action is 10-15% likely and perhaps a year away. EVERYONE, and I mean EVERY ONE on the staff will immediately assume that they will lose their job in the next 37 minutes. Same for the people you serve.
Some stuff you just have to keep to yourself.In one article, a CEO blogged and dissed his peers and some subordinates. Ohhh, bad idea. Have your dissing face to face, and keep the arguments inside the family. And, think of the HR implications!Bottom line for me: sharing--good. Lots of sharing--better. Financial transparency--essential.Get naked? Could get ugly. Fast.
