Wednesday, May 23, 2012

Putting your Ideas/Vision on Paper: Mind Mapping



How many times are we plagued with the problem of communicating our ideas to someone, the more time it takes to communicate, the blurry the idea becomes. In the end, what is really left in our minds are half-baked communications we made and even that information does not last long. The most innovative ideas are so complicated that even reworking through the earlier process does not help, often we use common sense to solve the issue and as they say, common sense is the biggest hurdle in the way of innovation.

One way to sort out this issue is mind-mapping, the technique is not new, some examples even date back to the 3rd Century. The technique is very much in use in today's world, in fact its usefulness has increased manifold due to increased complexity of personal & business life in the current world scenario, where deep thought is a luxury not everybody can afford.


The technique starts with a word or an idea, which is then associated with concepts and thoughts, which in the end is associate with a task to accomplish, there is no restriction on the length of the chain. The idea is to reflect the thought process ending up with small tasks to be accomplished. Words cannot justify the benefits of this technique. A Practical application of the techniques reveals its benefits


Mind mapping can be used for an array of tasks, from personal, family, business, career or any aspect you want. For example, see the mind map above, where a candidate is working on the thought process for his job interview, working on the questions that can be asked or even those questions which will not be asked but inferred from the resume.
 
Mind-mapping can also be used for brainstorming, visual thinking, problem solving (even to Game theory). There are many softwares for mind mapping, one popular one is 'Freemind' which is freely available for download at download.com.

Wednesday, May 16, 2012

Serial Enterpreneurs

There is a lot of buzz about serial entrepreneurs in the written media, who are these people. Just like serial killers they are continuous in what they do, one after another. They have a lust for starting new businesses, establishing them but not necessarily managing them in the long run and they are really good at it.

For a country's growth, these people are a light shining brighter than anything else, these people should be identified and be given all the facilities (financing etc.) to start businesses. A program like TEDx should specially focus on these people.

More profiling and research should be done to identify them from their early stages, not to waste their crucial time. Babson College (Bostan, USA) and its sister concern IBA-CED (Karachi, Pakistan)
are among the many universities involved in entrepreneurial research, their focus is building not business managers rather entrepreneurs. These establishments should be supported, nurtured and  facilitated with everything they need and in time they can be expected to yield extraordinary results.


Monday, May 14, 2012

Employee Appraisal System




Organization spend millions for establishing a balanced employee appraisal system, which is targeted to concentrating the company resources to productive use (by asking employees to take up projects & projects have cost). Employees are themselves given the responsibility to quote their objectives, which may or may not be guided by their own motives. 

Assume 50 people having listed their own objectives, those objectives will be moving in their own directions, some for example may work on centralization others might concentrate their efforts on decentralization. 

Where would the organization end up? No where, because they don't have a direction. In the end all effort & cost put into the project goes down the drain. 

One solution for the problem is Balanced scorecard system, it first establishes core objectives for the organization, which in the end gives a list of objectives which can be assigned to teams or employees. These efforts when concentrated in a uni-directional manner, will yield positive results. 


Balanced scorecard is not the only solution for the problem, many more exist. The beauty of Balanced scorecard is in its larger system which takes into account many organizational issues like tracking progress, establishing critical efforts, resource generation etc. One benefit this tool has over others is that, a lot of effort has already been put into documenting the process and system, which makes it easier to understand.