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MBA Review Magazine:
Eight Habits of Highly Ineffective Companies
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The reasons which are attributed for the fall of the societies can more or less be assumed to be valid for the fall of the organizations as well.

 
 
 

Organizations are like miniature societies. But there is a difference between a society and an organization. An organization is more tight-structured and regimented than the society. It's not a kind of a cluster shepherded by varied portfolio of leaders. You may come across a `one-man-driven organization'. So, we have to widen the area of approach and narrow it at the same time while approaching the problem. We should widen the area and embrace human resources, sociocultural perspectives, psychology, economy, etc. We should shed away those aspects, which are meant for the societies and seem out of place while we have limited our approach to the organization only.

Lack of ability to anticipate problems ahead is a major inadequacy in most of the entrepreneurs and also with the intrapreneurs. Though it's great to find the way out of the mess (many a time self-created, of course), leaders deny that they have failed to anticipate the problem. Even if the problem is foreseen in advance, are we quick enough to respond? We wait and watch till the seed of the problem grows as big as a banyan tree. Then we don our asbestos coats and rush to douse the flames with a fire hose and a set of rosary beads. Most successful entrepreneurs are good firefighters, and most of the time they emerge from the flames with nothing more than a singed smirk on their face. Take an example of an entrepreneur who has used bank credit to finance for a major acquisition. Because of his inability to foresee what awaited there in the womb of the future, his business was collapsed and he was nowhere.

 
 
 

MBA Review Magazine, Eight Habits, Ineffective Companies, Sociocultural Perspectives, Special Purpose Vehicle, SPV, Life Insurance Corporation, LIC, Fund Management Company, Asset Management, Decision-Making Process, Healthy Evolution, Corporate Culture, Procrastination.