January 2003 -

January 2003 -

Companies fail to meet their own projection!

Posted by | Technology | No Comments

Outsourcing as a business is creating a boom in India. And companies are making projections on their revenue based on some of the ongoing deals, but seem to suffer when their own projections fail them, the recent example being Satyam computers. Its revenue was reduced to 525 crores from the projected 540 crores. Ok what is the consequence of all this, well to put it in one way when the company fails to meet its own projection its share price comes down and many of the ongoing projects suffers a little because of the reduction in the expected revenue. Coming back to Satyam, one might ask why it failed to meet its own projection? Answer given by Satyam is that the multimillion deal that was in process has been withheld for the time being, and the reason for that might be the ongoing reluctance of many companies to spend more on the IT sector and the uncertainty in the market. Another example is HCL, though HCL made a quarter to quarter increase by about 6%, yet it seems to have suffered to the revenues it had earned last year.

What does the big daddy of India, Infosys say on this. As usual Infosys seems to have predicted this and has refused to make any projections based on multimillion dollar business deal, because of the long gestation period involved in finalising the deal and commencing the project, and also because of the existing situation in the market. Well I guess others need to learn from the big daddy!

Source: Jan 30, 2003-The Economic Times of India

Companies fail to meet their own projection!

Posted by | Management | No Comments

Outsourcing as a business is creating a boom in India. And companies are making projections on their revenue based on some of the ongoing deals, but seem to suffer when their own projections fail them, the recent example being Satyam computers. Its revenue was reduced to 525 crores from the projected 540 crores. Ok what is the consequence of all this, well to put it in one way when the company fails to meet its own projection its share price comes down and many of the ongoing projects suffers a little because of the reduction in the expected revenue. Coming back to Satyam, one might ask why it failed to meet its own projection? Answer given by Satyam is that the multimillion deal that was in process has been withheld for the time being, and the reason for that might be the ongoing reluctance of many companies to spend more on the IT sector and the uncertainty in the market. Another example is HCL, though HCL made a quarter to quarter increase by about 6%, yet it seems to have suffered to the revenues it had earned last year.

What does the big daddy of India, Infosys say on this. As usual Infosys seems to have predicted this and has refused to make any projections based on multimillion dollar business deal, because of the long gestation period involved in finalising the deal and commencing the project, and also because of the existing situation in the market. Well I guess others need to learn from the big daddy!

Source: Jan 30, 2003-The Economic Times of India

Leadership

Posted by | Management | No Comments

Being an entrepreneur, I have realised and am still realising the importance of leading and being part of a team.

Leadership can be defined as an in born quality in some people to lead a group; Leadership is to get a work done through a group while keeping them together; Leadership is to lead, to be some one to look up to and be available during any time. Being a leader is a responsibility, responsibility for the work given, responsibility for the team or group.

According to Franklin Covey in the website https://cert.franklincovey.com “the demands of leadership are more complex than ever. More and more, organizations are seeking ways to develop leaders with not only competence, but Character as well. Companies need leaders who will not just be decisive, but will make the right decisions” therefore more and more leaders are trained to be better leaders and to make better decision with the little opportunities open to them

It is said that while leadership is an inborn quality, which would be evident from one’s action while showing an ability to lead the others. Leadership quality can also be inculcated or made better with various training methods. A leader or manager is important for any organisation to lead it in the right path. A leader is required for an organisation to unearth the potentials of

Others and to take it in the right direction towards the betterment of the organisation. A leader or manager of an organisation should have the ability to do much with the little resources that is given to him. He should be able to lead the others in the organisation and should be able to keep them together. It is only through teamwork that a leader can achieve his aim or goal. A leader of any organisation has the twin objective of reaching his goal through others and the responsibility of others. Only when a leader or manager in the case of an organisation gets the confidence of others in the group, would he be able to lead the group and help them realise their own potential.

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