? What to do when you are angry

  Management Stories

Once an old Master was traveling with his student, and they passed by a small lake. The Master was feeling thirsty so he told his Student to get some water from the lake. The student walked up to the lake.

When he reached it, he noticed that right at that moment, a herd of cattle had just crossed through the lake. As a result, the water became very muddy. The student thought, “How can I give this muddy water to my Master to drink!” So he came back and told his Master, “The water in there is very muddy. I don’t think it is fit to drink.” After about half an hour, again the Master asked his student to go back to the lake and get him some water to drink. The student obediently went back to the lake.

This time too he found that the lake was muddy. He returned and informed the Master about the same. After sometime, again the Master asked his student to go back. The student reached the lake to find the lake absolutely clean and clear with pure water in it. The mud had settled down and the water above it looked fit for drinking. So he collected some water in a pot and brought it to his Master. The Master looked at the water and then he looked up at the disciple and said, “See what you did to make the water clean. You waited long and the mud settled down on its own and you got clear water. Your mind is also like that! When it is disturbed,just let it be. Give it a little time. It will settle down on its own. You don’t have to put in any effort to calm it down. It will happen. It is effortless”.

 

Moral: Whenever you are angry, just give yourself some time. You will gradually calm down, and then you will be able to take the right decisions.

Source:http://mtcglobal.org/page.php?id=15

The Value of a New Business Acceptance Framework

Creating a framework for new business prospects streamlines the process and helps you discern between good business and good enough business.

Over a decade of business experience has taught me a simple rule: not all business is good business. Sometimes when a prospect crosses your desk, the best thing to do is say no.

Earlier this year my business partner and I developed a “New Client Acceptance Framework,” in part to help us with saying no to projects that aren’t a good fit for our studio. While a New Client Acceptance Framework may sound fancy, it is a simple Google Spreadsheet that outlines a list of “yes” and “no” qualities for evaluating potential new business. Simple? Yes. Valuable? Definitely.

When it came to sales and business development, we were noticing two pain points in our company:

2. Too much back expertise 

1. Fluctuation in size and expertise

What considerations should you include in your framework?

Budget

Industry

Internal support

Timeline

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STRATEGIC MANAGEMENT

What is strategic management?  Strategic management  can be used to determine mission, vision, values, goals, objectives, roles and responsibilities, timelines, etc.

What is strategic planning?  Strategic planning is a management tool, period. As with any management tool, it is used for one purpose only: to help an organization do a better job - to focus its energy, to ensure that members of the organization are working toward the same goals, to assess and adjust the organization's direction in response to a changing environment. In short, strategic planning is a disciplined effort to produce fundamental decisions and actions that shape and guide what an organization is, what it does, and why it does it, with a focus on the future. (Adapted from Bryson's Strategic Planning in Public and Nonprofit Organizations).

A word by word dissection of this definition provides the key elements that underlie the meaning and success of a strategic planning process: The process is strategic because it involves preparing the best way to respond to the circumstances of the organization's environment, whether or not its circumstances are known in advance; nonprofits often must respond to dynamic and even hostile environments. Being strategic, then, means being clearr bout the organization's objectives, being aware of the organization's resources, and incorporating both into being consciously responsive to a dynamic environment. 

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