Saturday, 6 October 2018

MSD : Talent raises over everything else

I watched this amazing movie "M S Dhoni". I enjoyed the entire movie and I liked the narration and screen play. Here are 5 aspects of the movie which caught my attention the most. 

  1. Miracle happens when dream meets talent and hard work
  2. Sincere dream gets many honest supporters
  3. Trusted advisors, good friends and family are corner stone of success. They give you strengthen through the journey and the journey is never a flat ride.
  4. During times of difficultly don’t forget to have some fun. It helps to keep the faith alive and stay calm.
  5. Lead from front: Captain Cool takes risks, tough and bold decision at the right time  

My learning from Tata and Infosys leadership saga after a badminton game with my son

Safe harbour: Before I share my perspective, I think board room conflicts are far too complex to analysis by an outsider. So, the points which I shared below is my perspective on importance of let-go, expectation setting and wining over insecurity.  

As the title goes, I was playing badminton on Sunday sunny morning with my son on my side and two other neighbours on the other side of the court. I used to actively play badminton during my school days and I feel lot comfortable in the court as this is one of my favourite game. Our opponents were 25 to 30 years old two youngsters and my son is a 12 year old novice at this game.

My intent to play was to teach my son the basics of game, control on the shuttle and hit right strokes. After some warm-up we started the game with points and the chase began. But as the game progressed we were lagging slightly, and I saw a behaviour shift in myself. My son was too young to help build momentum. So, I took over aggressively and try to cover his shots to ensure stay ahead and win.

After the game while we were walking back my son said “you are sweating a lot more than I did”. I also found him to be disappointed that he could not contribute. We may have won the game but finally we lost the intent behind the game.

I feel this may have been one of the issue with the outgoing leader trusting with the incoming one. This need not be just with the leaders, but even with managers driving their team and stepping aside because of their anxiety of future and fear of losing. 

To avoid such situation, it is much to do with the leader or manager to set right expectation, be aware, plan, review and guide through the handover. But on the other side the responsibility is also with the receiver (incoming leader or junior) to understand the spirit of the responsibility, demonstrate strong will, execution ability and take ownership with drive. We need meticulous handover period or expectation setting to ensure we build on the past momentum rather than change many things in short period. 

Tuesday, 29 December 2015

Lagaan and my office work : My professional leanings from the movie “Lagaan”

 “Lagaan” in Hindi means tax and it is an epic movie about people of a fictional village called Champaner who were challenged by the British establishment to a game of cricket. The challenge was that if the locals of Champaner win the game they would get a tax wavier for 3 years else they had to pay 3 times their tax.
Interesting to note is that the game of cricket was played by the British and the villagers had no access to the game or the equipment required and hence the challenge to this game. One of the younger Indians from the village, “Bhuvan”, accepts the challenge, learns the game and puts a team together in three months and wins the game which helped the entire province avoid the increase in tax. 
This movie was released quite a long time ago, but I watched it again today and I learnt few interesting aspects which could help professionally. Hence, I thought of drafting my learnings from Laagan.

Professional learnings from Lagaan :

  • Take bigger risks if it is for the larger good
If the risks have a larger reward for many then accept it. The risks may be big but if understood well, explained and planned properly then many would join to support and it benefits all. In the movie the team understood the risk, worked hard and overcame the challenges at the end.
  • Take a stand and trust yourself
In the movie the locals were against accepting the challenge initially but Bhuvan felt the challenge was worth taking and stood firm even when he had to face criticism from a section of the villagers. He had trust that he could pull it off.
  • Move forward with confidence
Bhuvan had very little or no understanding of cricket but after accepting challenge a lady from British camp trained him and his team. Even professionally taking the step forward is important. I have always seen that when you take a step forward there will be some force, individuals or situations which could be hitherto unknown that will help you.
  • Learn, practice and get small yet quick wins
Larger challenges need dedicated focus and flawless execution. So if you have accepted any task make sure you practice hard, plan well and drive few quick wins. Quick wins give you the confidence and motivation to run towards your goal. 
  • Play the game with full devotion not just to make money or fame
Money is critical but it is important you put honest effort. Everything in life is not driven by logic. There is some magic and such magic is driven through honesty and humbleness.
  • Engage and motivate
Don’t just teach but engage and motivate your team and the best way to drive the team towards the goal is to do it with joy. In the movie Bhuvan motivates his team by converting their weakness into strengthens and gets them to put their best. Once a team member is engaged then they are self-motivated and passionately motivate others too. 
  • Trust your team
  1. Though a novice, “Bhuvan” as the leader knew what type of skills are required for each department of the game (for eg: the person who has skill of catching hen is good for fielding while someone who is physically challenged to deliver spin bowling).
  2. Leader’s key job is to analyse the situation, understand skills required to address the situation and place right people in the right place to maximize skill and value of the individual while delivering good value to the organization and customer.
  • Gut : Unconventional moves to change momentum

  1. At a time they were unable to control the opponent, Bhuvan as a leader tried unconventional move by bring in a weak player to bowl and it worked. Being disruptive and unconventional is critical to help change the momentum
  2. For a good leader, laurels and criticism are a part of the same coin. They work for common good but if they fail and fall they will stand up again and run.
  • Clear direction and team confidence on the direction
Clear direction helps build team confidence and help them perform effectively. To provide clear direction, leaders need to have good command on business, understanding of external environment and align the team based on their strength, aspiration and outcome they can deliver.
  • Play sensibly, enjoy the moment and have fun
In the movie though there was pressure the players enjoyed the process of learning the game, enjoyed the evening, sang songs / danced etc. So life tests us along the way, however, it is important we have fun and enjoy what we do which will help us manage the pressure.

Wednesday, 9 July 2014

Learning from railyway budget: Optimization and Optimism

Enterprise or corporate business planning / approach reflecting in this fiscal Indian railway budget.
I feel Mr. Narendra Modi and Mr. Sadananda Gowda have Modi-fied the way the union railway budget was ever looked at. When I read railway budget this morning, I could see a lot of similarity between an enterprise or corporate planning and the approach of railway budget. I was so impressed and thought of drafting my views. First of all I would like to congratulate Mr. Gowda and his rail ministry for very fresh and innovative thinking.
There are three big points which I could draw similarities to the corporate world:
1. Optimize resources during the time of budget crisis:
  • Optimize the resources – Running more train on the existing lines to increase revenue by improved efficiency
  • Increase speed and velocity – Run trains faster to improve traffic of users, improve quality of revenue which will positively impact profitability
  • Value added services – Wi-Fi in trains, retailing in trains, fast food choices to improve quality of service etc.
  • Partnership – Public / Partnership model to infuse funds, transparency and discipline. Upgrade railway stations like malls or airport and improve freight corridors
2. Set the priority straight to ensure basic are not missed out:
  • Food and control inflation – Dedicated trains for supply of vegetables and milk to ensure supplies are given importance
  • Safety and cleanliness – 40% increase in budget provision to ensure safety get enough attention
  • Selective technology upgrading to help scale for future growth
3. Be ambitious and have a dream and think long-term:
  • Bullet train – which in a way looks foolish to consider such big plan during the time of constraints, but dreaming big is a key to any long-term success.
  • Survey new lines – Looking newer un-tapped areas for future growth, which is also a great initiative too.
These three points would reflects the way any mature and professional company would act and I am hoping our government becomes the largest enterprise.
This is my personal read and I not pro any particular political party. I am now waiting for finance budget tomorrow and I am hoping we will get better governance soon.

Monday, 30 December 2013

10 ideas to strengthen your strategic account management (SAM) approach using CRM

Is your business driven by repeat orders? If so, is your sales team managing account relationship strategically / proactively to drive business efficiently? 

Is CRM helping you drive account plans or just record opportunities?

Today most of the technology businesses are focused on repeat orders as a key drivers of revenue. To sustain repeat orders, organizations are working on approaches which are strategic, proactive and Customer relationship driven. This blog shares some thoughts on how to structure and streamline strategic account management (SAM) strategy using CRM.

If your technology business model is centered on customer relationship then is your CRM designed to just record and manage your opportunity? 

Should your CRM be designed to strengthen and manage Customer relationship to generate opportunities and go much beyond recording the events?

I have been associated with the technology industry for over 15 years. Technology industry has evolved a lot from the Y2K era. Technology industry has seen a paradigm shift in the approach to Customer engagement. The proposition has transformed from pure manpower / cost centric T&M (staffing) model to a complete solution based model with considerable discussion on value to Customers’ business and revenue impact from technology. In this situation why is CRM still considered as an opportunity management / pipeline and forecasting tool? Is CRM a tool to drive strategy or just visibility / reporting?

In my view CRM should help companies generate opportunity and help in strengthening customer engagement and go much beyond just opportunity / transactional management system. 

Typical technology services firms’ business philosophy:
- Fewer customer deeper engagement
- Senior management connects
- Multiple team engagement
- Strategic account management strategies
- Global customers, global spread of the team

Majority of technology firms use CRM for:
- Opportunity recording  for reporting and MIS
- Tracking quota and forecasting
- Driving reviews
- Basic collaboration with backend solution and business units to respond to RFPs effectively

Users’ challenges:
- User are forced to use it and enter transactions
- Users find it as a tool for reporting and approvals
- Most CRMs are built around task automation, sales executive productivity but lacks customer relationship, customer knowledge and priorities

There is a wide gap between the business philosophy and the way CRM is designed and used

In our view CRM should help organizations and sales team in facilitating and generating opportunities. 

CRM should be more social, open and designed to aggregate / gather customer information from internet and social media to make intelligent, accurate and quicker decision making. 

10 ideas and functionalities which can help your CRM drive an effective account management strategy:

1. Account planning in CRM: 

Few of our customer’s is using CRM for defining their account plans. These account plans is entered in the CRM system which is helping our customer's account managers to be proactive in generating opportunity and analyzing the impact of the account strategy.

2. Account engagement plan: 

Majority of our customer use CRM to drive effective relationships by setting up customer interaction (account contact plan) targets in the system and setting up work flow / triggers as reminders along with minutes of meeting all within the system for improving relationship discussions and collaboration across all key stakeholders. Based on various interactions, they are able to generate interesting customer communication documents for improving customer experience.

3. Account based marketing campaigns: 

Our customers' today are using CRM to define, initiate and drive account based marketing plan. Such account based marketing plans within CRM helps them drive effective marketing campaigns within account which helps them gain better mind share across subsidiaries / divisions within larger accounts. The account based marketing is helping them improve cross and up-selling and also track efforts and improve collaboration between marketing, account managers and business units.

4. Account based competition mapping:

Working on fewer accounts means stiffer competition. Tracking competition details and, analyzing success and failure using data through CRM can add significant value to the SAM driven strategy.

5. Account issues and concerns: 

Success of account-based strategy lies in the ability to carefully listening to customers. There will be multiple stakeholders interacting with customer. A central repository of all issues and concerns can provide better response to customer and helps strengthen relationship significantly.

6. New Account Fitment Analysis: 

CRM should have the right structure to analyze a new account. One of the key pillar of any SAM strategy is to focus on the right accounts. CRM should act as a check point to assess and analyze accounts based on pre-defined logic.

7. Account risk analysis: 

Some of our customers are centralizing all customer strategic and transactional information into one single platform. This helps them get a complete 360 degree view of customers. This is not for status reporting but using such data our customers analyze the associated risks in the account

8. Centralize all customer strategic information on one platform:  

Integrate all customer information into one platform for effective review, provide clear visibility and manage relationship better. Share relevant information and report to customer as well as to improve customer confidence and transparency. Such initiatives can significantly differentiate yourself from competition.

9. Customer communication and reporting:

Transparent, frequent and adequate Communication is very vital for a successful Customer relationship. To sustain, standardize and keep the quality of communication is a challenge. Using CRM, we can centralize all customer communication using automated documents that are triggered to customer on pre-defined frequency. This will bring uniformity and continuity in communication efforts.

10. Customer portal for key accounts:  

Providing self service portal for key accounts (customer) to access into your CRM can be a killer market differentiator. This will allow customer to understand progress on projects, log cases, issues, access to knowledge bank and important documents,  information on team etc. Portals can immensely help customers in interacting with you and your firm more smartly and reduce dependency on fewer individuals.

In a nut-shell: 

- CRM is just a framework, it all depends on how customer and implementation partner eventually design and create a structure that is best aligned with the overall goals of the organization.

- If strategic account management (SAM) is your business driver then the CRM should go much beyond opportunity management, forecasting and reporting. CRM should be more strategic and aligned to your core business process and integrate social intelligence to improve quality of research and support account managers to strengthen their relationship.