The Strategic Planning.
‘If you will give me 6 hours to cut down a
tree,
I’ll spend 5 hours to sharpen my
axe.’
‘Never worry when you are
surrounded on all sides by your enemies. That is the best chance to attack on
any side.’ – Two quotes that I always look up to when I think about the word
strategy.
How to measure success in
terms of money is a much debated question. I will try drawing a few conclusions
with regard to success in terms of money with business in regard. If I am
wrong, my friends specializing in Finance will correct me through.
Profit on sales, i.e. the
profit margin is clearly not adequate by itself. For profit is, profit margin
multiplied by the rate of turnover of capital. Profit margin is a meaningful
figure, only because it shows where the opportunities for profit improvement
lie. ROI makes sense, but is one rupee invested in business in 1900, same as
today? What about Economies of scale? So, for measuring success with regard to
business in terms of money turning out to be futile, my question is can it be a
limitation?
The objectives of the business
must not exceed the profitability with which it can expect to operate. It has
to reliable, measurable, time bound and realistic. The profitability and the
companies objectives must go hand in hand, or else the objectives has to be
pruned, the company’s eyes ought not to be bigger than its stomach (Peter
Drucker).
In such a case, when we talk
about strategic planning towards any business, it is in terms of building a
satisfied customer. Be it in any form, if you want to do a CSR activity, build
a cult brand by tapping into the higher order needs of the customer ultimately
it all depends on how the brand ( be it yourself, or your business) is
positioned in the minds of the stakeholders. Now strategies for businesses is
to build a satisfied customer! On the flip side, is it also about making the
customer feel he is actually satisfied? While the actual beneficiary is the one
who does the business?
Amidst all the gala happening around the Digital India campaign, and
changing the profile picture in Facebook in support towards it, what we miss is
that the plot is strategically played by Mark, while many of us are not even
aware of our actions. In my view, this is an excellent strategic play by the
ceo, playing with the herd mentality of every Indian. What it will mean is
that, in future in case internet.org comes up, the start-ups will no longer
find it easy to take it up against the giants- one ramification which will be
really huge among the others, and as his expected plot we have also started
following it without thinking it through.
Strategic planning is always
like a game of chess. It must be thought through before being implemented, and
in our lives the most common issue that we come up with is the term stress.
Can we strategically overcome
it? Yes.
Stop worrying, start being
mindful
Mindfulness- is being in
present with acceptance. Very often, we're all stuck in our heads.
Two important A’s that I want
mention here are the attention and acceptance, because these are the two things
which we happily forget, and keep expecting a better state of life. Why? We ‘feel’
we deserve the best.
We're not taking the world in;
we're just listening to the stories we tell ourselves about the
world, trusting the endless parade of thoughts flitting through our heads
instead of actually paying attention to life around us.
One of the fundamental
tenets of mindfulness is that we all take our thoughts way too seriously.
We think our thoughts always mean something. In fact, we think
we are our thoughts and our thoughts are us.
And
that's one of the reasons we worry so much and experience so many negative
emotions — because we take our thoughts about the world more seriously than the
world itself.
Remember,
this practice is not about emptying the mind, getting rid of difficult
emotions, escaping life's problems, being free of pain, or experiencing
never-ending bliss. Mindfulness practice is about embracing our experience as
it is—and sometimes what is can be unpleasant at the moment… We usually
try to feel better by decreasing the intensity of painful experiences, we
resort to short terms practices which will really make us feel better; in
mindfulness practice, we work instead to increase our capacity to bear them.
Trust me, it works and makes you feel more confident. Acceptance is really
important- in much clearer terms it is about staying in tune with the realities.
Ultimately,
at the end of the day, however sharp your strategy maybe, unless there is a
flawless execution it might never see the dawn.
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