Tapping Unutilized Resources


Throughout the world are resources waiting to be discovered for demands that exist. They may consist of oil, ore, unused equipment, sunken treasure, unemployed labor, or even products that have not been presented effectively or refined. The traditional independent mining prospector is a type of entrepreneur who makes a career of seeking and exploiting such resources. Others discover unused resources with profit potential almost by accident.

My Consultancy–Asif J. Mir – Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, and my Lectures.

Advertisements

Techno-stress and Well-being of People


The technological revolution has redistributed levels of stress in the workplace. Many jobs that formerely involved high stress levels, such as burning the midnight oil to do year-end inventory checks, can now be done in minutes, with less stress, thanks to  computers. Jobs that were formerly considered to have little stress, such as routine typing, now involve much more stress because of computers.

Computerized clerical workers suffer higher levels of stress related complaints than any other occupational group, including air traffic controllers. Worker’s compensation claims for computer-related stress form the fastest growing category of illness in the workplace. The human cost of the poorly planned march towards technological utopia has been significant, and can affect any part of the body.

My Consultancy–Asif J. Mir – Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, and my Lectures.

Recognizing Markets


There are two major markets in marketing: the consumer market and the industrial market. The consumer market consists of all the individuals or households who want goods and services for personal consumption or use.

The industrial market consists of all the individuals and organizations that want goods and services to produce other goods and services or to sell, rent, or supply the goods to others. Oil drilling bits, cash registers, display cases, office desks, public accounting audits, and corporate legal advice are examples of industrial goods and services (products).

The important thing to remember is that buyer’s reason for buying and the end use of the product are what determine whether a product is considered a consumer product or an individual product.

My Consultancy–Asif J. Mir – Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, and my Lectures.

 

Avoiding Uncertainty


How do people deal with conflict, particularly aggression and the expression of feelings? High uncertainty avoidance favors precise rules, teachers who are always right and superiors who should be obeyed without question. Low uncertainty avoidance leads to flexibility, and a situation in which arguing with superiors is acceptable and students are happy with teachers who do not claim to know everything.

In weak uncertainty avoidance cultures, managers and non-managers alike feel definitely uncomfortable with systems of rigid rules, especially if it is evident that many of these were never followed. In strong uncertainty avoidance cultures people feel equally uncomfortable without the structure of a system of rules, even if many of these are impractical and impracticable.

The choice of structure is strongly influenced by the prevalent culture. A culture with high power distance and strong uncertainty avoidance prefers a functional ‘pyramid of people’ hierarchy. Lower power distance but high uncertainty avoidance encourages a ‘well-oiled machine’: an organization with a clear structure, rules and procedures.

The control process also helps managers deal with problems arising outside the firm. If the firm is the subject of negative publicity, for example, management should use the control process to determine why and to guide the firm’s response.

My Consultancy–Asif J. Mir – Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, and my Lectures.

 

Risks: Building Blocks of Success


A person’s confidence is best measured by his or her willingness to take risks. Fear is best reflected by the degree to which a person seeks to avoid risk. The old saying, “Nothing ventured, nothing gained” will always be true. Risk, the possibility of loss, is a necessary to success as air is to life.

Imagine what would happen if everyone decided to try to live 100 percent risk-free:

  • No farmer would plant a crop because there might be too much rain or too little. Or the market price for the grain might collapse.
  • No one would start a business because comptition might cause it to fail.
  • No television programs would be produced because there might be too few viewers to attract advertisers.
  • Investors would not put money into new construction, into oil well exploration, and into new ventures.
  • Artists and authors would stop work because people might reject their activity,

To be completely secure, people would take their money out of banks (the banks may fail), hoard food (there may be an atomic war), refuse to drive cars (I may have an accident), and patients in hospitals would refuse blood transfusions (the blood may be contaminated). A goal of 100 percent security would almost overnight destroy our economy.

To avoid risk completely, no one would apply for a job (you may not get it), submit a poem to a literary journal (it may be rejected), speak up in a meeting (you may be laughed at), or ask for an order (the prospect may say No).

Here is an important point: Success-oriented people take risks and sometimes the risks turn out to be losses. Thirty-seven percent of today’s millionaires went broke after accumulating wealth. But they came back to win. No investor is always “right,” and people who build shopping centers, rersidential neighborhoods, and office buildings sometimes lose money. In the oil drilling business, a majority of wells turn out to be dry holes.

How we react to defeat is the key. You have heard people who have failed in a job or in a business of their own say, “I’ve had it. Never again!”

At times, we all feel like giving up. And if we’re not careful, we will give up. Pressure from peers to surrender can be powerful. They tell you, “Look, you tried. The plan didn’t work. Why beat your head against a wall? Don’t feel bad. Most people who try something new fail.”

These people – your peers and “friends” – are often glad to see you surrender. It’s disappointing but it’s true. They don’t have the courage to do something on their own. If they see you fail, they feel better about themselves; you are one of them – another mediocrity.

My Consultancy–Asif J. Mir – Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, Lectures, Line of Sight