Tag Archives: Business

Business, Finance, Greed, Money, Society

MACHINERY OF GLOBAL FINANCE

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by Naresh Jotwani

The surplus capital of any healthy society should, in theory, energize the economy, and enable the society to face present and likely future challenges. In the process, the surplus capital generates both consumption and employment. A king, for example, may build a dam, a road or a fort; a rich man may build a school. In all such ‘traditional’ cases, the nominal owner of the capital is directly involved in seeing that the capital is deployed beneficially.

This basic concept of surplus capital is neither new nor complicated. Over the last few centuries, however, several cunning ‘advances’ on this basic concept have, in effect, turned the concept on its head. Incredibly, surplus capital now adds not to the well-being but to the exploitation of a society!

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Business, Engineering, Management, Money, Time

TIME AS A RESOURCE

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by R. Srinivasan

Until we can manage time, we can manage nothing else.
Peter F. Drucker

Peter Drucker is right, of course. Time has immense practical value. Time is money. But do we really understand what time is? We only sense its passing, based on the regular daily rounds of the sun, phases of the moon, devices known as clocks … et cetera. Some people relate time to karma, others relate time to entropy – while others still blame Einstein for all the confusion. After all, if everything in the universe is in ceaseless relative motion, whom can we trust?

When we harken back to our childhood, this inevitable question pops up in the mind: ‘O Father Time! What have you done to me?’ But perhaps that plaint should be addressed to Father Karma? Or to Father God? Is time just another name for God?

Indeed, we have no choice but to be humble. So let us turn to practical matters, related to our livelihoods. We do so by delving into Srini’s first-hand account of his many years of professional experience in the efficient management of time.

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Business, Happiness, Life, Management, Power

Politics of Management

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Over the years, R. Srinivasan (Srini to friends), a co-editor of the blog, has written many posts originating in his work as independent management consultant. Today we are re-posting one of Srini’s earlier posts, which we believe readers will find of great interest.

One of the first lessons in management schools is titled Principles and Practice of Management, which forms the core basis of understanding how modern organizations are supposed to be managed. However, as one gets into the real world, every student of management, and even those who do not have formal management education, soon come to realize that there is one more ‘P’ that governs the management of organizations. This ‘P’ is not formally stated anywhere; I have decided to call it ‘the politics of management’.

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