Capital has launched a captive financing arm in Dubai to serve Gulf, North Africa and Central Africa. Seen on the occasion are (L to R) Marwan Lootah, chief ClJ •• 'orate affairs officer, DIFC Authority; Amna Al Sayed, CEO, DII·c.. Global; Wayne Hull, general manager, CISCO Capital UAE; HE Dr Omar Bin Sulaiman, governor of the DIFC; Sam Kharrat, managing director, CISCO Capital, Gulf & Pakistan; David Clark, senior executive officer, CISCO Capital, UAE and Abdulla Al Awar, CEO, DIFC Authority.
Monday, November 2, 2009
Cisco Capital sets up office in Dubai
Capital has launched a captive financing arm in Dubai to serve Gulf, North Africa and Central Africa. Seen on the occasion are (L to R) Marwan Lootah, chief ClJ •• 'orate affairs officer, DIFC Authority; Amna Al Sayed, CEO, DII·c.. Global; Wayne Hull, general manager, CISCO Capital UAE; HE Dr Omar Bin Sulaiman, governor of the DIFC; Sam Kharrat, managing director, CISCO Capital, Gulf & Pakistan; David Clark, senior executive officer, CISCO Capital, UAE and Abdulla Al Awar, CEO, DIFC Authority.
~ Alok Kumar Misra is CMD of Bank of India
Alok Kumar Misra has assumed charge as chairman and managing director of Bank of lridia. Prior to being appointed CMD of Bank of India, Misra had been CMD of Oriental Bank of Commerce. Earlier, he was executive director of Canara Bank and held several senior positions induding managing director of Indo-Zambia Bank, a joint venture between Bank of India, Bank of Baroda, Central Bank of India and the government of Zambia. A post-graduate in statistics from Lucknow University, CAl!B, fellow of the Certified Institute of Bankers of Scotland and a post-graduate diploma holder in personnel management, University of Delhi, he began his career as a probationary officer
S.B.JAIN IN"STITUTE OF TECHNOLOGY, MANAGEMENT & RESEARCH Nagpur
cases. However, the leader who uses power in the service of his/her organization is using power in the most constructive sense. The leader who seeks power for its own sake and for personal satisfaction is at a level of personal maturity that will compromise his/her ethical position,
.Organizations also playa political game. Organizations seek influence.
Influence increases autonomy (freedom to control own assets);
organizational morale (the ability to maintain cohesion and effectiveness);
essence (sanctity of essential tasks and functions);
roles and missions (exclusion of options that would challenge these);
budgets (increased roles and missions will
always favor larger budgets) Photo two-- leader NATURE OF STRATEGIC LEADER POWER
Strategist argues that power at the strategic organization level is manifested and executed through three fundamental elements: consensus (general or widespread agreement among all the members of a group) cooperation, "Cooperative potential refers to an organization's capacity to catalyze cooperative interaction among individuals and groups." Culture, It refers to the management culture, its flexibility and adaptability.
INDMDUAL SKILLS AND ATTRmUTES AS SOURCES OF POWER
Research and observations emphasize the following characteristics as being especially important for acquiring and maintaining
strategic power bases:
High energy and physical endurance- It is the ability and motivation to work long and often times grueling hours .Absent this attribute other skills and characteristics may not be of much value.
Directing energy- It is the ability and skill to focus on a clear objective and to subordinate other interests to that objective.
Successfully reading the behavior of others- It is the ability and skill to understand who are the key players, their positions and what strategy to follow in communicating with and influencing them.
Adaptability and flexibility - It s the ability and skill to modify one's behavior. This skill requires the capacity to re-direct energy, abandon a course of action that is not working, and manage emotional or ego concerns in the situation.
Motivation to engage and confront conflict- It is the ability aI).d skill to deal with conflict in order to get done what you want accomplished. The willingness to take on the tough issues and challenges and execute a successful strategic decision is a source of power in any organization.
Subordinating one's ego: - It is the abilityand skill to submerge one's ego for the collective good of the team or organization. Possessing this attribute is related to the characteristics of adaptability and flexibil- ~ ity.
CONCLUSIONS
In corporations, public agencies, universities, and government, the problem is how to get things done; how to move forward, how to solve the many problems facing organizations of all sizes and types. Developing and exercising power require having both will and skill. It is the will that often seems to be missing."
S.B.JAIN IN"STITUTE OF TECHNOLOGY, MANAGEMENT & RESEARCH Nagpur
Future
" Photo one-power and organization '. The concept of organizational politics can be defined as who gets what, when and how. If power involves the employment of stored influence by which events, actions and behaviors are affected, and then politics involves the exercise of power to get something done, as well as to enhance and protect the vest
ed interests of individuals or groups. Thus, the use of organizational politics suggests that political activity is used to overcome resistance and implies la conscious effort to organize activity to challenge opposition in a prior
ity decision situation.
The preceding discus
sion indicates that the concepts of power and organizatil'mal politics
are related. We define organizational politics
as the use of power, with power. viewed as a source of potential ener
gy to manage relation
. ships.
" Photo one-power and organization '. The concept of organizational politics can be defined as who gets what, when and how. If power involves the employment of stored influence by which events, actions and behaviors are affected, and then politics involves the exercise of power to get something done, as well as to enhance and protect the vest
ed interests of individuals or groups. Thus, the use of organizational politics suggests that political activity is used to overcome resistance and implies la conscious effort to organize activity to challenge opposition in a prior
ity decision situation.
The preceding discus
sion indicates that the concepts of power and organizatil'mal politics
are related. We define organizational politics
as the use of power, with power. viewed as a source of potential ener
gy to manage relation
. ships.
POWER
AS A MOTIVl!
Power is attractive becau confers the ability to influel decisions, about who gets wi resources, what goals are PI sued, what philosophy ~ organization adopts wE actions are taken and who 51 ceeds and who fails
Advantages of power organization
Power also gives a sense
control over outcomes, aJ enhanced control. Particularly I decision issues become more co plex and outcomes become mo uncertain,
Power becomes more attractil as a tool for reducing·uncertainv Power and the ability to use I are essential to effective leadershi] The critical issue is why tl
leader seeks power an
how it is used. Som see power as a tool I enhance their abi~ ty to facilitate th work oftheir orgaru zations and group' Others value power for its own sake, an exercise power for the personal satisfactiOl it brings. There can be good and bad in bot)
Future
HE challenges faced by strategic leaders in implementing complex and longrange consequential decisions demand
that they be sophisticated with respect to issues of leadership, power and influence. The changes that are shaping the nature of work in today'scomplexorganizations require that we develop the political will, expertise and personal skills to become more flexible, innovative and adaptive. Without political awareness and skill, we face the inevitable prospect of becoming immersed in bureaucratic infighting, parochial. (narrow minded) politics and destructive power struggles, which greatly retard organizational initiative, innovation, morale and performance Making organizations more innovative, responsive and responsible requires focusing on a number of leadership, power and influence issues The issues influence developing teams at the strategic ~evel, as well as managing organizational processes linked to values and ethics, organizational culture, visioning and the management of change.
that they be sophisticated with respect to issues of leadership, power and influence. The changes that are shaping the nature of work in today'scomplexorganizations require that we develop the political will, expertise and personal skills to become more flexible, innovative and adaptive. Without political awareness and skill, we face the inevitable prospect of becoming immersed in bureaucratic infighting, parochial. (narrow minded) politics and destructive power struggles, which greatly retard organizational initiative, innovation, morale and performance Making organizations more innovative, responsive and responsible requires focusing on a number of leadership, power and influence issues The issues influence developing teams at the strategic ~evel, as well as managing organizational processes linked to values and ethics, organizational culture, visioning and the management of change.
The Mind Power
The Mind Power
-- LOTS of specialists and experts recognize that the human mind has a lot of untouched potentials. In many respects, the mind is l \la, more powerful than one's physical being. You . can sit in a chair or lie down in bed without
moving and you will not be able to achieve anya"-o; thing physically. The mind however is compeluaU: tent of traveling and reaching out to
1'\ 13; possibilities even if you are physiuO cally inert. The power of your mind '\~ can help you gain peace, foresee the -e future, get what you want and com-
~o municate with other like minds. If you are able to tap all these abilities . of your mind, you will be able to enjoy < better economic, social and personal rewards as well as achieve a health- ier o
ti in . ns. True fulfillm nt
however can only come from positive and good intentions. The greatest stumbling block to this fulfillment is your own negative outlook about life coupled .with a harassed and stressful existence. To be
able to tap the energies of your mind, you must first work towards establishing a soother well-being and a more optimistic view oflife.
You might not be able to unlock your mind power at first sitting. Just like any other task however, you develop your chances of succeeding by practicing.
Practice can be performed during formal or informal moments of reflection and meditation. You may for example attempt to draw what you want and desire in life by taking a few moments each day to repeat what you want and to believe that it will
come. Before you know it, you will have succeeded in eliminating all negative thoughts and energies and you will have become a more positive individual.
You don't need to move or apply physical effort when you use mind power. Even so, your physical self must be in some kind of harmony with your mental self. This simply means that it helps to' maintain' a physically fit and healthy body. In some cases, this can be achieved by partially using mind power. Once physical wellbeing is achieved, mental power is strength
ened.
Even with a guide, the true key to unlock mind power secrets is in you. You just have to believe and trust that you are capable of this just like everyone else. Just start unlocking and using your mind power from today.
-~
I
....J
r
(The author can be contacted at Email: mohitmanke@gmail.com)
•
-- LOTS of specialists and experts recognize that the human mind has a lot of untouched potentials. In many respects, the mind is l \la, more powerful than one's physical being. You . can sit in a chair or lie down in bed without
moving and you will not be able to achieve anya"-o; thing physically. The mind however is compeluaU: tent of traveling and reaching out to
1'\ 13; possibilities even if you are physiuO cally inert. The power of your mind '\~ can help you gain peace, foresee the -e future, get what you want and com-
~o municate with other like minds. If you are able to tap all these abilities . of your mind, you will be able to enjoy < better economic, social and personal rewards as well as achieve a health- ier o
ti in . ns. True fulfillm nt
however can only come from positive and good intentions. The greatest stumbling block to this fulfillment is your own negative outlook about life coupled .with a harassed and stressful existence. To be
able to tap the energies of your mind, you must first work towards establishing a soother well-being and a more optimistic view oflife.
You might not be able to unlock your mind power at first sitting. Just like any other task however, you develop your chances of succeeding by practicing.
Practice can be performed during formal or informal moments of reflection and meditation. You may for example attempt to draw what you want and desire in life by taking a few moments each day to repeat what you want and to believe that it will
come. Before you know it, you will have succeeded in eliminating all negative thoughts and energies and you will have become a more positive individual.
You don't need to move or apply physical effort when you use mind power. Even so, your physical self must be in some kind of harmony with your mental self. This simply means that it helps to' maintain' a physically fit and healthy body. In some cases, this can be achieved by partially using mind power. Once physical wellbeing is achieved, mental power is strength
ened.
Even with a guide, the true key to unlock mind power secrets is in you. You just have to believe and trust that you are capable of this just like everyone else. Just start unlocking and using your mind power from today.
-~
I
....J
r
(The author can be contacted at Email: mohitmanke@gmail.com)
•
Technical Job
18) Monotony and stress have contributed to increased attrition rate. So keep changing the duties or position of employees after fixes period.
19) Induction program and Exit interview are very important.
20) Identify the key employees.ofthe firm or categorize the employee according to need of the firm. It will help you to customize your retention program.
21)Your staff members must feel rewarded, recognizes and appreciated. Monetary rewards, bonuses and gifts make the thank you even more appreciated. Understandable raises tied to accomplishments and achievements help to retain staff. Offer an attractive, competitive, benefits package.
22)Select the right people in the first place through behaviour-based testing and cOIllpetency screening.
23) Demonstrate respect for employees at all times. Treat the employees well & provide a dignity of job.
24)If a key employee resigns, it should be taken up on a priority basis and kept confidential as far as possible and the senior management should meet the employee to discuss his reason for leaving and evaluate ifbis issues bear merit and whether they can be resolved.
25)People want to enjoy their work.
Makework fun. Engage,employ the special talents of each individual
So if we want to reduce attrition we can take the P9ints mentioned above for the same and can do best from our end to reduce attrition rate in IT-Sector. So the process is complete only with the joints efforts of the employer & employee.
The employee either experienced or freshers should also make them updated with the changing environment of the IT sector since it the most dynamic one .Updation will help the candidates to cope with the fastest IT environment and to have competitive advantage over others.
19) Induction program and Exit interview are very important.
20) Identify the key employees.ofthe firm or categorize the employee according to need of the firm. It will help you to customize your retention program.
21)Your staff members must feel rewarded, recognizes and appreciated. Monetary rewards, bonuses and gifts make the thank you even more appreciated. Understandable raises tied to accomplishments and achievements help to retain staff. Offer an attractive, competitive, benefits package.
22)Select the right people in the first place through behaviour-based testing and cOIllpetency screening.
23) Demonstrate respect for employees at all times. Treat the employees well & provide a dignity of job.
24)If a key employee resigns, it should be taken up on a priority basis and kept confidential as far as possible and the senior management should meet the employee to discuss his reason for leaving and evaluate ifbis issues bear merit and whether they can be resolved.
25)People want to enjoy their work.
Makework fun. Engage,employ the special talents of each individual
So if we want to reduce attrition we can take the P9ints mentioned above for the same and can do best from our end to reduce attrition rate in IT-Sector. So the process is complete only with the joints efforts of the employer & employee.
The employee either experienced or freshers should also make them updated with the changing environment of the IT sector since it the most dynamic one .Updation will help the candidates to cope with the fastest IT environment and to have competitive advantage over others.
