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October 16, 2011

Steve Jobs - The Trend Setter

The social media has never grieved like this before. Within 24 hours of Apple co-founder Steve Jobs’ death, 2 million tweets mentioning his name were posted and 11,000 news articles were written on him.  The world truly acknowledged the passing away of the greatest innovator of our time. The scale of reactions from across the globe was unprecedented for a businessman and made many wonder how Jobs had impacted people. Part of the answer came from Richard Branson, chairman of Virgin group, who tweeted:
"So many people…. related to his (Jobs) life story: adoptees, college dropouts, struggling entrepreneurs, ousted business leaders figuring out how to make a difference in the world and people fighting debilitating illness.’’
Very true.  In fact, a lot of inspirations can be drawn from Steve Jobs life.

You go down only to come up: He found what he loved to do early in life. He had his own company by 20, became a multi-millionaire by 25 and then at the age of 30 (in 1984) he was fired from Apple Inc.
 "I really didn’t know what to do for a few months….I was a very public failure, and I even thought of running away from the valley. But something slowly began to dawn on me – I still loved what I did….And so I decided to start over,’’ Jobs once said recalling those tough days.
Over the next five years he started two companies: Pixar and NeXT. Pixar created the world’s first computer animated film – Toy Story. He eventually sold Pixar to Disney and today it's one of the leading animation studios in the world. In 1996 Apple, which was floundering at that time, acquired NeXT. The technology Jobs had developed at NeXT is currently powering the breakthrough devices Apple has since launched, including the iPod, iPad and the iPhone. Apple’s acquisition of NeXT also brought Jobs back into the company he founded and soon became its CEO. Over the next decade he etched one of the greatest comebacks in the corporate history when he transformed Apple into one of the most valuable companies in the world.
"..it turned out that getting fired from Apple was the best thing that could have ever happened to me. The heaviness of being successful was replaced by the lightness of being a beginner again…It freed me to enter one of the most creative periods of my life,’’ Jobs said. Had Jobs lost his focus, he would not have returned to turnaround Apple and in fact, bulk of the wealth he has left for his family was created in that period. His shares in Disney which he got as a sale consideration for Pixar is today worth $ 4.4 billion and is more than double that of the value of his shares in Apple which stands at $ 2.1 billion.

Live your life:  Jobs always lived his life his way – be it dropping out of college or going to India in search of spiritualism or becoming a Buddhist. When he learnt at the age of 27 that he was an adoptee, he employed private detectives to trace his biological parents. He met with his mother and sister but chose not to meet his biological father till the end. He even chose whom he wanted to bid farewell to days before his death. He met a few of his close friends and declined to meet many who wanted to see him for one last time. While delivering the Commencement address at Stanford University in June 2005, by which time he had been diagnosed as suffering from pancreatic cancer, he advised the students saying
 "Your time is limited, so don’t waste it living someone else’s life . Don’t be trapped by dogma – which is living with the results of other people’s thinking. Don’t let the noise of other’s opinion drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.’’

The customer really is the king: This is the most clichéd phrase today and every businessman swears by it. But Steve Jobs adhered to it to perfection.  The products that he dreamt of and delivered were a mix of liberal arts and technology. "Technology alone is not enough. Its technology married with liberal arts, married with humanities that yield the results that make our heart sing,’’ he said. Not surprising that Apple products are easy to use – for the first time and ever after. Did you know most of the Apple products do not come with (or require) an elaborate operation manual?

Products that Jobs designed can fail too: While many of his innovations have swept the world off its feet, there have been many products that he launched that failed. Lisa the first commercially produced computer with graphical interface, failed as it was too costly. Same with the NeXT computer that he designed after he was fired from Apple. And more recently in 2007 he launched Apple TV which failed for many reasons.

Pay attention to detail: A CEO sets the vision and his team delivers. Visionary Jobs was did not abide by this management mantra. He focused on details. Sometimes to a level which in unbelievable as Vic Gundotra, Google’s vice-president of engineering, realised one Sunday morning in January 2008. Jobs called him to say that he was not happy with the Google icon on the iPhone.
"The second O in Google doesn’t have the right yellow gradient. It’s just wrong,’’ Jobs texted Vic.
"It was a lesson I’ll never forget. CEOs should care about details. Even shades of yellow. On a Sunday,’’ Vic recalled after Jobs’ death. 

Passion, not education, is the key to success: While giving the commencement address at Stanford UniversityJobs joked that "this is the closest I’ve gotten to a college graduation."  Like his arch rival and Microsoft founder Bill Gates, Jobs never graduated from college.  But that has not prevented him from achieving what he set out to do.  People who have worked with him attribute his success to the passion he had for making products that wow Apple’s customers. He thought ahead for them and delivered products that transformed their lives. His secret in his own words: "you have got to find what you love. And that is as true for your work as it is for your lovers. Your work is going to fill a large part of your life , and the only way to be truly satisfied is to do what you believe is great work And the only way to do great work is to love what you do.If you haven't found it yet, keep looking. Don't settle. As with all matters of the heart, you'll know when you find it. And, like any great relationship, it just gets better and better as the years roll on. So keep looking unltil you find it. Don't settle.'' His other famous advice to youngsters: Stay Hungry. Stay Foolish.

And finally, Never give up: Only 4 per cent of patients with pancreatic cancer are expected to survive for five years. Most do not last for more than five months. Jobs’ doctors gave him three to six months. But he fought the disease for seven long years.  He even told friends who called on him during his last days that he had started a new drug regime and there was hope. While speaking at Stanford he said "No one wants to die. Even people who want to go to heaven don’t want to die to get there. And yet death is the destination we all share. No one has escaped from it. And that is as it should be, because death is very likely the single best invention of life. It is life’s change agent…’’. The man who transformed the life of many through his classy and user friendly products decided to embrace that change too.



 


October 5, 2011

Chanda Kochchar- An Inspirational woman

Chanda Kochchar- CEO ICICI
Chanda Kochhar  was born on November 17, 1961) is currently the Managing Director (MD) of ICICI BANK and CEO. ICICI is India's largest private bank and overall second largest bank in the country.She also heads the Corporate Centre of ICICI Bank.
                          Chanda Kochhar was born in Jodhpur,Rajasthan and raised in Jaipur,Rajasthan.After graduating in 1982 she the pursued Cost Accountancy ICWAI,later she acquired the Masters degree in Management Studies,Mumbai.

                            Not so long ago, she used to read the narrative on Lord Vishnu for half an hour every morning, but as the days got longer at work, she has switched to the fortnightly routine in her “mobile” study.

Conventional wisdom has it that the Katha helps ordinary mortals overcome vices such as anger and ego. Kochhar’s perennially calm expression suggests the Lord has been extra kind to her. Mention that and Kochhar breaks into a hearty laugh. “I am religious, but not a ritualistic person. For example, I don’t lose sleep if I can’t go to the temple for more than a month. I also believe strongly in destiny,” she says.

                              That’s understandable, given that destiny played a big role in her choice of career. As a child, she wanted to be an IAS officer, but life turned upside down when her father, who was the Principal of an engineering college in Jaipur, died when she was just 13. Her mother then shifted to Mumbai with her three young children (Kochhar, 49, is the youngest) just to stay in close proximity to her extended family.
Among other things, that meant a huge adjustment in lifestyle. “In Jaipur everyone knew everyone; in Mumbai, it takes time for anyone to know anyone,” Kochhar says. In a way, she adds, the sudden loss of her father strengthened her determination to face life’s challenges. “One has to thank God and family for whatever I have achieved. At the same time, I must say God can help you only when you work hard,” she adds

“If you look at bankers, they either grow to be investment bankers or corporate bankers or retail bankers. So for me to be a corporate as well as retail banker was a great opportunity,” Kochhar says.
She also remembers Kamath’s comments quite early in her career. As the head of ICICI’s Western Regional Office, she made a brief presentation to Kamath on the changes she has made in the functioning of the office. But Kamath’s question baffled her: “Who did you ask before making the changes?” Kochhar just about mustered enough courage to say, “No one”. Kamath congratulated her for her initiative.
That’s something that also impressed N Vaghul, then ICICI chairman. 

                                When ICICI set up a commercial bank in 1993, she was only an assistant general manager. But Vaghul chose her to lead a team that would decide everything about the architecture of the bank — an experience she reckons was invaluable. “I was the employee number one in ICICI Bank,” Kochhar says — a satisfaction that prompted her to turn down many lucrative offers from competition.
                                 But all this has meant extraordinary hard work and having to live with the “guilt conscience” that every working mother suffers. “There is no past tense to guilt conscience. I have been living with it every single day — even now,” Kochhar says.She, however, has no regrets as ultimately, one has to make a choice in life and work around it. 
                                              That explains her numerous “day trips” to New York on official work — she takes a late night flight so that she can reach her destination early morning NY time. After a day of back-to-back meetings, she is on the flight back home the same night. That means, though she is away for three days, it’s actually one day because of the time difference. 

“More than physical strength, one requires mental strength to do this day in day out.” 

But her “supportive” family has made it worthwhile. Her husband is a businessman, Aarti has finished her engineering and waiting to do her MBA, and Arjun is in Class 10. “I think they are proud of me,” she adds.




September 29, 2011

Indra nooyi- a miracle


Indra Krishnamurthy Nooyi is an Indian-born American business executive. She is the current Chairman and Chief Executive Officer of PepsiCo, the second largest food & beverage business in the world

Nooyi joined PepsiCo in 1994 and was named president and CFO in 2001. Nooyi has directed the company's global strategy for more than a decade and led PepsiCo's restructuring, including the 1997 divestiture of its restaurants into Tricon, now known as Yum! Brands. Nooyi also took the lead in the acquisition of Tropicana in 1998, and merger with Quaker Oats Company, which also brought Gatorade to PepsiCo. In 2007 she became the fifth CEO in PepsiCo's 44-year history.

According to BusinessWeek, since she started as CFO in 2000,the company's annual revenues have risen 72%, while net profit more than doubled, to $5.6 billion in 2006.

Nooyi was named on Wall Street Journal's list of 50 women to watch in 2007 and 2008, and was listed among Time's 100 Most Influential People in The World in 2007 and 2008. Forbes named her the #3 most powerful woman in 2008. Fortune ranked her the #1 most powerful woman in business in 2009 and 2010. On the 7th of October 2010 Forbes magazine ranked her the 6th most powerful woman in the world.

Indra Nooyi is married to Rajkantilal Nooyi, and they have two daughters and they reside at Greenwich, Connecticut


Leadership Style:

All the while, Nooyi has proved comfortable enough with her leadership presence to patrol the office barefoot at times and even sing in the halls, perhaps a holdover from her teen days in an all-girl rock band in her hometown of Chennai, India. She gave Enrico a karaoke machine before he left in 2001 and hired a live "Jam-eoke" band to help senior executives belt out tunes at a management conference earlier this year.

Indra believes in competence. Unless you are an expert in your chosen field, you will get nowhere. You will be known only if you become an expert. In anything, take a decision weighing everything for and against it. Once you have decided, never waver from it. You should send out the message that you are courageous and confident enough to say what is believed to be right by you.

Outstanding Communication Skills

The way you communicate carries a lot of weight. In fact, your communication skills will be in the forefront of your leadership qualities. Indra is all for surrounding herself with mentors. She believes in listening to the mentors' advice and suggestions and incorporate the goods points in what she does. She is not the one to veer away even a little from her moral compass. You must have strength to hold to what you know to be morally right, no matter what.

June 15, 2010

SOMETHING INTERESTING

  1. Bill Gates' house was designed using a Macintosh computer.
  2. 80% of all the pictures are of naked woman.
  3. The first computer mouse was invented by Doug Engelbart in around 1964 and was made of wood.
  4. The average computer user blinks 7 times a minute, less than half the normal rate of 20.
  5. Another name of Microsoft Windows tutorial is 'CRASH COURSE'.
  6. Hewlett Packard was started at a Garage in palo Alto in 1939.
  7. In 1971, first speech recognition software named 'Hearsay' was developed in India.
  8. The code name for 12 engineers who designed the IBM pc- THE DIRTY DOZEN.
  9. David Bradley wrote the code for [ctrl] + [alt] + [del] key sequence.
  10. A program named 'RotherJ' was the first computer virus to come into sight.

facebook privacy secret

one of the major points that facebook scored all over the other social networking sites ,
atleast initially was its stringent privacy settings

But now due to face the competition from other social networking sites it is in a mood to keep up the growth. so this might be why now privacy content of facebook is easily accessible