Vijai G
With shrinking margins, it’s now the turn of IT & ITES companies to go the way all other industries have gone in the past---- Amused, yes that’s the truth
Bangalorean’s would probably remember the tale of the three great cotton spinning mills, which provided employment to thousands of people and helped many families to survive, but which are no more. They were Binny mills, Minerva mills and Raja mills, which were the Infosys, Wipro & TCS of yesteryears. But today, they are nowhere and most of us do not know what happened to these spinning mills
Even though it may seem irrelevant to make a mention of this information in this article, I feel it is important for you to know, how these mills were considered by people living in Bangalore. Landlords would be ready to lease their houses if the person was working in these mills, bridegrooms who worked in these mills would be preferred over others and would also be assured of all kinds of luxuries. Such was the clout that these mills had in the past.
As organizations conclude their mid year performance appraisals at work and revise their goal sheets for the year ahead for each of their employees, they are also keeping a closer watch on employee productivity and making strategic moves by doing more with less people, I mean, less resources
Bear in mind the downward spiral that the US economy is heading into…Lehman Brothers is gone…Goldmansachs and Morgan Stanley have other plans and the trust on US companies is slowly eroding…what would come next is always a question…every day there is some news that sends shockwaves down the spine
So, what would be the strategies servicing organizations would follow in these troubled times…?
“Lean” also called as “Lean Manufacturing” or “Lean Production” is the latest buzzword in the services-based organizations today. Few companies have already adopted Toyota motors’ renowned lean production concept to its services. Lean is about eliminating waste by continuously analyzing every step to see if it adds value to the end product. Toyota, the inventors of this method, is said to have even determined an optimum method for how bolts are tightened…surprising right, yes that’s the way they work
However, you might feel how this can be implemented into IT & ITES sectors, yes it can be implemented, remember the time-sheet, which we casually fill up, that is the Brahmastra of this production system. It would help the top level management, to pull out even daily reports
Then comes automation, which helps in reduction of 40 -50% of the usual time. It also helps in fewer defects from the team.
It is better for us to wait and watch and be alert to see what comes next…
Please comment on what you think of this
3 comments:
Sequoia Capital recently made a presentation to its portfolio companies about how to try to survive an economic downturn. Here's the presentation:
http://mkbhatt.blogspot.com/2008/11/cash-is-king.html
Brilliant article. Nice to know that Bangalore also had mills that were regarded as spearheads of industry yesteryears. I come from a place known as Chandernagore (Its a French Town on the banks of Ganges 30 km upstream from Kolkata). Its famous for Red Curd (Laal Doi) and also boasted of the erstwhile Gondalpara Jute Mills that along with Tribeni Tissues were a common figure in every household not only in Bengal, but also in India. Now the former has been shut down and the latter is running in the midst of losses.
Bandel, 20 km from Chandernagore and 52 km from Kolkata by train, once boasted of the world renowned Dunlop Tyres and Industries. Now it is in shambles.
Perhaps you have heard of Hindustan Motors that manufactures the Ambassador, still the most sought after car for its hardiness and extra comfortability, is also running under losses. It is located at Hindmotor, a place 19 kms downstream Chandernagore.
It is very frustrating for the people of Bengal that whenever it looked like standing on its feet, it has been pecked by unwanted political vandalisms. First it was the CPM, then came the Congress briefly and finally it is now a tug of war between Trinamool Congress and CPM.
God has given us one earth and we had drawn lines on it and divided the land into entities that belong to you and me. I am thankful of the fact that the moon is the satellite of earth and far away from us. If it would have been on earth, we would have divided it too.
Such articles bring out the disgust that the people of Bengal is facing. Sourav Ganguly recently pointed out that he wants her daughter to grow up and settle in Bengal only, but is doubtful as he says "I don't want Sana to grow up and see there are no jobs in Bengal".
And CPM led coalition government is seeing dreams out of no-where that Sourav becomes the BRAND AMBASSADOR of HAPLESS BENGAL, IF NOT HOPELESS.
Good view point. I would like to point out one thing that makes EmPower stand apart from numerous IT firms in these gloomy recession days. This is one company that believes in its people and stands by them. So, where many Infosys and Wipro employees find themselves out of a job, EmPowerians wait and prepare themselves to beat the recession in the best way they know - creativity, smart work and a determination to stand for what they believe in.
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