Showing posts with label business. Show all posts
Showing posts with label business. Show all posts

Tuesday, September 15, 2009

HAPPY and CONTENT

ENOUGH

An Inspirational Story

By

VIKRAM KARVE


Do you have a capacity for contentment?

Do you know when enough is enough?

I am sure you have read a version of this meaningful inspirational story:


A fisherman lived on a tropical island. He fished for his family and had plenty of time to play with his children, to enjoy the beauty around him and to be a good neighbour.

A yacht arrived carrying a wealthy entrepreneur. The fisherman took him out for a day’s fishing.

As the day went on the entrepreneur looked at the beautiful island with its silver sand fringed with palm trees, the calm blue sea filled with a rainbow of darting fish and saw the opportunity for development and making lots of money.

He was a magnanimous man so he thought he must help the fisherman by offering him the idea, so he said to the fisherman, “Why don’t you build a hotel and encourage tourists to come to the island?”

“A hotel?” the fisherman asked perplexed.

“Yes, a hotel,” the businessman said, “In fact you should build a holiday village with a sports complex so people can come and relax. It could be so successful that you could build an air strip so you can offer the whole package to the tourists so you can cut out the middle man and make even greater profits.”

“Why should I do that?” asked the fisherman.

“You would make lots of money and be rich of course!” replied the entrepreneur.

“How long would it take?” asked the fisherman

“I would think it would take ten years to be really successful,” answered the entrepreneur.

“What would I do with all that money?” enquired the fisherman.

“You could go on exotic holidays to a beautiful island where you could fish, play with your children and have plenty of time to enjoy the beauty all around you” replied the entrepreneur.

“But that is exactly what I am doing now, isn’t it?” asked the bewildered fisherman.


There is a Chinese saying – he who knows that enough is enough will always have enough – so as I said in the beginning, “If you know when enough is enough, you will always have enough”.

Money is like petrol in a car. Money is not the car, money is not the destination. The petrol in your car enables you to go from place A to place B. Now suppose you have reached your destination place B. Now money [“petrol”] will also enable you to go from place B to place C – but suppose you are happy and content at being at place B and do not want to go to place C, is the petrol of any use? It is the same with money.

It would be apt to quote Warren Buffet: “I really like my life. I've arranged my life so that I can do what I want... I get to do what I like to do every single day of the year…”

Dear Reader, may I wish you happiness now and here, wherever you are and contentment with whatever you have.

VIKRAM KARVE

http://vikramkarve.sulekha.com

http://www.linkedin.com/in/karve

vikramkarve@sify.com

Thursday, September 10, 2009

STRESS MANAGEMENT

HOW TO CONQUER STRESS

by

VIKRAM KARVE




In my opinion the term “Stress Management” is an oxymoron.

First you create stress within yourself, and then try to “manage” it.

Funny, isn’t it?

Why not prevent stress in the first place?

Focus on “stress prevention” rather than “stress management”.

Let’s try one way how to do this.

Long back, sometime in the 1960’s, when I was a small boy, my father took me to visit Belur Math, and there I acquired a tiny pocket book called “Thus Spake Vivekananda”.

Whenever the chips were down, or I felt dejected, I referred to the inspiring gems of wisdom, distilled from the complete works of Swami Vivekanada, for instant motivation and strength.

Here’s one of those gems of wisdom, a phrase from the sayings of Swami Vivekananda:

Anything that makes you weak physically, intellectually, and spiritually, reject as poison.

I feel that the word “weak” is all encompassing and embraces anything that creates in you a stressful situation like all negative emotions and feelings including anger, irritation, infuriation, frustration, despondency, depression, demoralization, unhappiness – anything that disturbs your inner tranquility and equanimity, drains you emotionally and intellectually, besides literal physical weakness.

Oh yes, Stress is weakness, Stress is Poison!

Now sit down in a quiet tranquil place, close your eyes, introspect, and try to think of all the things that make you feel negativeall your stress-creators and stressful situations.

These can be anything – toxic or incompatible persons, who irritate, annoy and hassle you, allergic or irritating foods and beverages (especially alcoholic drinks) which don’t suit you and are physically detrimental to your health, certain activities and events, which may appear pleasurable at the first instance, but actually drain you out and make you feel fatigued, depleted and depressed, modern technology and gadgets, like your cell-phone, which disturb your peace of mind, and strained relationships, which are a source of stress.

Make an exhaustive list of all the things, activities and entities, that make you “weak” and try to reject them as “poison”.

At first you may be a bit skeptical about this approach, but when you start implementing, you’ll be surprised how much it is in your own control to prevent stress.

While you reject the things that make you weak, you must also reinforce the things that make you feel "strong" and positive.

So simultaneously, reflect and contemplate, and make a list of things which give you strength and joy, make you happy and productive – all the things and people that create positive feelings in you – and try to devote as much time and energy to these positive things that give you strength and make you feel good.

This technique of stress prevention works for me, and I’m sure it’ll work for you too.

You will realise that this way of conquering stress and banishing it from your life is so effective probably because it is so breathtaking in its simplicity.


And once stress disappears from your life, you will feel good -- you can take my word for it.


VIKRAM KARVE

vikramkarve@sify.com

http://vikramkarve.sulekha.com/

http://www.linkedin.com/in/karve

STRESS MANAGEMENT

HOW TO CONQUER STRESS

by

VIKRAM KARVE




In my opinion the term “Stress Management” is an oxymoron.

First you create stress within yourself, and then try to “manage” it.

Funny, isn’t it?

Why not prevent stress in the first place?

Focus on “stress prevention” rather than “stress management”.

Let’s try one way how to do this.

Long back, sometime in the 1960’s, when I was a small boy, my father took me to visit Belur Math, and there I acquired a tiny pocket book called “Thus Spake Vivekananda”.

Whenever the chips were down, or I felt dejected, I referred to the inspiring gems of wisdom, distilled from the complete works of Swami Vivekanada, for instant motivation and strength.

Here’s one of those gems of wisdom, a phrase from the sayings of Swami Vivekananda:

Anything that makes you weak physically, intellectually, and spiritually, reject as poison.

I feel that the word “weak” is all encompassing and embraces anything that creates in you a stressful situation like all negative emotions and feelings including anger, irritation, infuriation, frustration, despondency, depression, demoralization, unhappiness – anything that disturbs your inner tranquility and equanimity, drains you emotionally and intellectually, besides literal physical weakness.

Oh yes, Stress is weakness, Stress is Poison!

Now sit down in a quiet tranquil place, close your eyes, introspect, and try to think of all the things that make you feel negativeall your stress-creators and stressful situations.

These can be anything – toxic or incompatible persons, who irritate, annoy and hassle you, allergic or irritating foods and beverages (especially alcoholic drinks) which don’t suit you and are physically detrimental to your health, certain activities and events, which may appear pleasurable at the first instance, but actually drain you out and make you feel fatigued, depleted and depressed, modern technology and gadgets, like your cell-phone, which disturb your peace of mind, and strained relationships, which are a source of stress.

Make an exhaustive list of all the things, activities and entities, that make you “weak” and try to reject them as “poison”.

At first you may be a bit skeptical about this approach, but when you start implementing, you’ll be surprised how much it is in your own control to prevent stress.

While you reject the things that make you weak, you must also reinforce the things that make you feel "strong" and positive.

So simultaneously, reflect and contemplate, and make a list of things which give you strength and joy, make you happy and productive – all the things and people that create positive feelings in you – and try to devote as much time and energy to these positive things that give you strength and make you feel good.

This technique of stress prevention works for me, and I’m sure it’ll work for you too.

You will realise that this way of conquering stress and banishing it from your life is so effective probably because it is so breathtaking in its simplicity.


And once stress disappears from your life, you will feel good -- you can take my word for it.


VIKRAM KARVE

vikramkarve@sify.com

http://vikramkarve.sulekha.com/

http://www.linkedin.com/in/karve

Monday, December 08, 2008

Managerial Ethics - Food for Thought

MORAL DEVELOPMENT AND ETHICAL FITNESS

By

VIKRAM KARVE



[An article on Managerial Ethics based on an insightful model to look at various stages of moral development, ethical fitness for job roles and ethical issues faced in work situations]


When recruiting new people, or promoting/appointing persons to senior / sensitive positions, a number of attributes ( Hard Skills and Soft Skills) like Professional Competence, Managerial Proficiency, Domain-specific or Technical skills, and pertinent soft skills comprising leadership, communication, behavioural and emotional aspects, and even physical and medical fitness are assessed, evaluated and given due consideration.

But does anyone evaluate a candidate’s Ethical Fitness before recruitment or appointment?

No, I am not talking about the routine verification of antecedents or background integrity checks. I am talking of assessing Ethical Fitness.

Ethical fitness refers to ensuring that people are in proper moral shape to recognize and address ethical dilemmas. Ensuring Ethical fitness in a proactive manner will result in preventive, rather than corrective, Ethical Management.

Before launching any inquiry pertaining to the concept of Ethical Fitness, it is necessary to explore the moral dimension. Moral development is a prerequisite to ethical behaviour; in fact, a sine qua non for ethical fitness. Kohlberg offers a handy framework for delineating the stage each of us has reached with respect to personal moral development.

Stage 1. Physical consequences determine moral behaviour.

At this stage of personal moral development, the individual’s ethical behaviour is driven by the decision to avoid punishment or by deference to power. Punishment is an automatic response of physical retaliation. The immediate physical consequences of an action determine its goodness or badness. Such moral behaviour is seen in boarding schools, military training academies etc. where physical punishment techniques are prevalent with a view to inculcate the attributes of obedience and deference to power. The individual behaves in a manner akin to the Pavlovian dog.

Stage 2. Individual needs dictate moral behaviour.

At this stage, a person’s needs are the person’s primary ethical concern. The right action consists of what instrumentally satisfies your own needs. People are valued in terms of their utility. Example: “I will help him because he may help me in return – you scratch my back, I will scratch yours.”

Stage 3. Approval of others determines moral behaviour.

This stage is characterized by decision where the approval of others determines the person’s behaviour. Good behaviour is that which pleases or helps others within the group. The good person satisfies family, friends and associates. “Everybody is doing it, so it must be okay.” One earns approval by being conventionally “respectable” and “nice.” Sin is a breach of the expectations of the social order – “log kya kahenge?” is the leitmotif, and conformance with prevailing ‘stereotypes’ the order of the day.

Stage 4. Compliance with authority and upholding social order are a person’s primary ethical concerns.

“Doing one’s duty” is the primary ethical concern. Consistency and precedence must be maintained. Example: “I comply with my superior’s instructions because it is wrong to disobey my senior”. Authority is seldom questioned. “Even if I feel that something may be unethical, I will unquestioningly obey all orders and comply with everything my boss says because I believe that the boss is always right.”

Stage 5. Tolerance for rational dissent and acceptance of rule by the majority becomes the primary ethical concern.

Example: “ Although I disagree with her views. I will uphold her right to have them.” The right action tends to be defined in terms of general individual rights, and in terms of standards that have been critically examined and agreed upon by the whole society. (eg) The Constitution. The freedom of the individual should be limited by society only when it infringes upon someone else’s freedom.

Stage 6. What is right is viewed as a matter of individual conscience, free choice and personal responsibility for the consequences.

Example: “There is no external threat that can force me to make a decision that I consider morally wrong.” An individual who reaches this stage acts out of universal ethical principles.

Moral development is in no way correlated with intellectual development or your position in the hierarchy or factors like rank, seniority, status, success or earnings, salary, material wealth. In the words of Alexander Orlov, an ex-KGB Chief, “Honesty and Loyalty may be often more deeply ingrained in the make-up of simple and humble people than in men of high position. A man who was taking bribes when he was a constable does not turn honest when he becomes the Chief of Police. The only thing that changes in the size of the bribe. Weakness of character and inability to withstand temptation remains with the man no matter how high he climbs.” Ethical traits accompany a man to the highest rungs of his career.

In a nutshell the governing factors pertaining to six stages of Moral Development which determine Ethical fitness may be summarized as:

FEAR – Stage 1
NEEDS – Stage 2
CONFORMANCE – Stage 3
COMPLIANCE – Stage 4
CONSENSUS – Stage 5
CONSCIENCE & FREE WILL – Stage 6

Before we try to delve into exploring how to evaluate Ethical Fitness, let us briefly ponder on the concepts of Ethical Susceptibility and Ethical Vulnerability.

Ethical Susceptibility is your inability to avoid ethical dilemmas. Ethical Susceptibility is environment dependent (on external factors) like, for example, your job, your boss, colleagues and subordinates, or the persons around you, or even the ‘prevalent organizational culture’.

Ethical Vulnerability is your inability to withstand succumbing in the given ethical dilemmas /situations. It is dependent on your internal stage of moral development in the given ethical situation.

Whereas being in an ethical dilemma is not in your control, to act in an ethical manner in the prevailing situation is certainly in your control.

Ethical vulnerability is a measure of the ease with which a man be ethically compromised, especially in an ethically poor climate. In situations where the ethical susceptibility is high, morally strong people (ethically non-vulnerable) should be appointed and conversely, only in jobs/situations where ethical susceptibility is low should ethically vulnerable persons be permitted.

If the environment is not conducive, a person can intellectually reach stage 6 but deliberately remain morally at stage 4 as he may find that he has to sacrifice too much to reach stage 6. This can be particularly seen in most hierarchical organizations where most smart employees make an outward preference of being at stage 3 or 4 (Conformance and Compliance) in order to avoid jeopardizing their careers, even if internally they have achieved higher ethical states. This Dr. Jekyll and Mr. Hyde schizophrenic moral approach is at the heart of many ethical dilemmas people encounter in their professional lives and may result in internal stress due to ethical confusion.

Whenever two individuals at different stages of moral development interact with each other, both of them try to force or manoeuvre the other into their own appreciation of the ethical situation, thus leading to conflict. In a formal hierarchical setup, the players in the chain may not be at similar stages of moral development thereby leading to dissonance in the system. Where the ethical susceptibility is high, morally strong people (less vulnerable) should be appointed and conversely, in only such jobs where ethical susceptibility is low should ethically weak persons be permitted.

What is your stage of personal moral development? Be honest with yourself and recall the decisions you made in recent ethical situations. The six stages are valuable landmarks as they tell you approximately where you are and what changes you will have to make in yourself to move to a higher level of moral development. The ultimate goal is to engage in ethical decision making at stage 6. However, the level that you do reach will depend on your ethical commitment, your ethical consciousness and your ethical competence.

Food for Thought

What do you do if your boss is at a lower stage of moral development than you? Do you masquerade and make pretence of being at the “appropriate” stage of what moral development and practice situational ethics to reap maximum benefits.

This Dr Jekyll and Mr. Hyde schizophrenic ‘situational ethics’ approach may cause your outer masquerade to turn into inner reality. Do you want that to happen? Think about it!

Is there such a thing as Ethical Fitness?

Or is "Ethical Fitness" an oxymoron, not relevant in today's work environment?

Dear Reader, what do you think? Please do let us know your comments.


VIKRAM KARVE

Copyright © Vikram Karve 2008
Vikram Karve has asserted his right under the Copyright, Designs and Patents Act 1988 to be identified as the author of this work

vikramkarve@sify.com

vikramkarve@hotmail.com

http://vikramkarve.sulekha.com

http://www.linkedin.com/in/karve

http://www.ryze.com/go/karve

Wednesday, September 10, 2008

Decision Management

The SHOR Paradigm

[Decision-making in Uncertainty]

By

VIKRAM KARVE



“The man who insists upon seeing with perfect clearness before he decides, never decides” …Frederic Amiel



Decision-making is so pervasive that everyone, professionally or personally, is involved with making a variety of decisions.

In today’s fast-moving world, the timing of a decision is of paramount importance in many decision-making situations. In real life even the “perfect” decision may not be optimal if it is made too late.

Information is a vital resource in decision-making. One of the most important characteristics of successful managers is the ability to make the correct decision when confronted with imperfect or insufficient information (i.e.) Decision-making under conditions of uncertainty.

In the context of decision-processing, two realms or domains of uncertainty are:

1. Information Input Uncertainty which creates the need for hypothesis generation and evaluation;

2. Consequence-of-Action Uncertainty which creates the need for option generation and evaluation.


THE SHOR PARADIGM


A decision taxonomy: The Stimulus – Hypothesis – Options – Response (SHOR) paradigm, formulated by Wohl, is useful in such decision situations. The SHOR paradigm represents a qualitative, descriptive, model as distinct from a quantitative, predictive model, and comprises three primary decision-making task elements:
S: Stimulus Input Data Processing
H: Hypothesis Generation, Hypothesis Evaluation, Information Processing [What is?]
O: Option Generation, Option Evaluation, Decision-Making [What if?]
R: Response Output Action

The SHOR paradigm is basically an extension of the classical Stimulus – Response (SR) Paradigm of behaviourist psychology. The SHOR paradigm provides explicitly for the necessity to deal with information input uncertainty and consequence-of-action uncertainty, and helps us understand some of the peculiar human factors that affect the quality of the decision-making and answering questions such as:
What makes some decision-makers perform better than others, especially in placing high-value assets at risk, in business?
What are the sources and dimensions of “poor” performance?


HUMAN ERRORS IN DECISION-MAKING


Based on the SHOR Model, human errors in decision-making appear to lie in four domains:

(S) Stimulus: “I didn’t know…”
(H) Hypothesis: “I didn’t understand…”
(O) Options: “I didn’t consider…”
(R) Response: “I didn’t act…”

Stimulus based errors of the type “I didn’t know…” result from lack or inadequacy of information, the true inability to obtain information.

“I didn’t understand…” is the fundamental result of information input uncertainty, while “I didn’t consider…” is the product of consequence-of-action uncertainty.

It is possible to have accessed all significant information, to have developed the correct hypothesis and to have selected the best option and yet fail to take appropriate action. The two possible reasons for the “I didn’t act…” type of response error are:

1. Paralysis: This is a complete failure to act, the pathological ‘observation of an inevitable course’ without intervention. It is caused by an over-riding emotional struggle in which some internal factor is being placed in conflict with the course of action selected by the decision-maker. The final scene in the evergreen classic film The Bridge on the River Kwai (1957) exemplifies such a situation.

2. Misjudgement: The decision-maker correctly decides what to do but errs in either or both of the two dimensions – how [the specifics of the action] or when [the timing of the action].

Prediction of the critical consequences of inaction may be of some help in dealing with paralysis whilst the ability to perform sensitivity analyses may assist in alleviating misjudgement.

Any Decision-Maker [and designers of decision aids] must address the four cardinal types of errors epitomized by the SHOR paradigm: “I didn’t know…”, “I didn’t understand…”, “I didn’t consider…” and “I didn’t act…”



DECISION-MAKING IN UNCERTAINTY


In the context of decision-making in uncertainty, the conflict theory paradigm developed by Janis and Mann may be apt. This paradigm postulates five patterns of coping behaviour which tends to occur in such situations:

1. Unconflicted Adherence in which the uncertain, or risk, information is ignored and the decision-maker complacently decides to continue whatever he has been doing.

2. Unconflicted Change to a new course of action, where the decision-maker uncritically adopts whichever new course of action is most salient, obvious or strongly recommended.

3. Defensive Avoidance in which the decision-maker evades conflict by procrastinating, shifting responsibility to someone else, or constructing wishful rationalisations and remaining selectively inattentive to corrective information.

4. Hypervigilance wherein the decision-maker searches frantically for a way out of the dilemma and impulsively seizes upon a hastily contrived solution that seems to promise immediate relief, overlooking the full range of consequences of his choice because of emotional excitement, repetitive thinking and cognitive constriction. In its most extreme form hypervigilance is referred to as “panic”.

5. Concerned Vigilance in which the decision-maker optimally processes pertinent information, generates and evaluates hypotheses and options before selecting a response as characterised by the SHOR paradigm.


In many real-life situations a decision-maker cannot always keep waiting until the entire information-input and consequence-of-action conditions are known a priori with certainty. In most cases there is no such thing as “perfect” certainty.

If a single most important characteristic is crucial to a decision-maker in any field, it is the ability to make optimal decisions in conditions of uncertainty. Qualitative descriptive models like the SHOR paradigm may prove useful in such situations.

To quote Frederic Amiel once again: “The man who insists upon seeing with perfect clearness before he decides, never decides”.


VIKRAM KARVE

Copyright © Vikram Karve 2008
Vikram Karve has asserted his right under the Copyright, Designs and Patents Act 1988 to be identified as the author of this work.


vikramkarve@sify.com

vikramkarve@hotmail.com

http://www.linkedin.com/in/karve

http://vikramkarve.sulekha.com

http://www.ryze.com/go/karve