5 Mystical Traits of Lord Shiva Can Make You a Successful Entrepreneur

5 Mystical Traits of Lord Shiva For Enterpreneur

Often termed to be ‘The Destroyer’, Lord Shiva lived in cold mountains, depriving himself from the materialistic world. With the booming startup eco system, here are the top 5 traits entrepreneurs can learn from the Supreme God.

  1. The ‘Rudra’
    “If a man is simple trying to achieve something without a firm determination, he or she cannot be successful.”

Tip: While running a startup organization, the entrepreneur must be bold yet wise and loving towards his employees and take tough decisions, which are directed towards organizational success.   This can only happen with firm determination in mind to create cultural, personal and organizational success.

  1. Maha Yogi or a Householder
    “One must have control over sleeping, eating, speaking and drinking too much and have a balanced approach in life.

Tip: Just Like Lord Shiva who makes time for his family amidst great responsibilities including saving the world from evils, entrepreneurs must not leave their enthusiasm regardless of their personal issues. However, they must know and learn the tricks from the Supreme God to bring a perfect balance between family and career.

5 Mystical Traits of Lord Shiva For Enterpreneur

  1. Ardhanarishvara
    “One must have respect for each other’s goal, as well as, each other’s path.”

Tip: Just like Lord Shiva has given high respect to his better half Parvati by keeping her as equal as him, as talented as him, the  budding entrepreneurs must not possess a biased mindset and treat their employees(men/women) equally by appreciating their diverse skills and regard them by boosting their morale to perform with those even better.

  1. An artistic creator
    “One must possess a sense of admiration for the mentor.”

Tip: The Lord Shiva is popularly known as the creator of ‘weed’ after the incident when Devas and Rakshasas were stirring the ocean of milk. The Supreme God created cannabis from his body in order to purify the mixture.

In business sense, if you are a budding entrepreneur, know that with every creation comes innovation. You must never skip from creating a solution for your business or employees, which can ultimately result in organizational success. For this, arranging self-development programs for employees is a great approach which can help create more innovators in the organization.

  1. HariHara Avatara
    “Patience and destruction”

Tip: HariHara avatar is an amalgamation of Lord Vishnu or Hari (God who is quiet & calm), and Shiva or Hara (god who is angry for the right reasons). The true meaning behind this avatar means one trait that focuses on sustaining life, while one focuses on cleaning the unwanted dust to generate something new.

Entrepreneurs can learn from this wonderful and powerful avatar by being strong in situations of crisis and dealing with all the consequences of losses in the startup and always positive in beginning something new despite the losses to ensure the consistent continuity in the cycle.

While, the traits of Lord Shiva are legendry but still hold significance in today’s times if even a small portion of these traits is well understood and implemented in the wisest way.

Hope you enjoyed reading the blog.

Feel free to share your feedback with us at @CareerBuilderIn

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Understanding the Process of Performance Management

The process by which managers and employees work together to plan, monitor and review an employee’s work objective and overall contribution towards the organization is termed as employee management. Performance management is more than just a review meeting with your manager. It is a continuous process of setting goals and objectives, assessing progress and providing an on-going feedback in order to ensure that employees are meeting their career goals and objectives.

However, one must understand that performance management is quite a broad term and encompasses HR management part as well. The term performance management gained importance in the early-1980s when total quality management programs received utmost importance in order to achieve superior standards in quality performance. Tools such as job designing, leadership management, leadership development, training and reward system were given proper impetus along with traditional appraisal methods.

Actions comprising Performance Management

Very much recurring and constant in nature, performance management system comprises the following actions:

  • Developing clear job descriptions and employee performance plans that include KRAs and performance indicators.
  • Selection of the right candidates by implementing appropriate hiring strategies
  • Negotiating requirements and performance standards for measuring outcome and overall productivity.
  • Providing continuous coaching and the required feedback for better job performance.
  • Holding quarterly performance development discussions
  • Designing effective and rewarding compensation systems and also recognizing employees who perform excellently in their jobs.
  • Performing exit interview in order to understand employee discontentment and work on them accordingly.

However, with the passage of time more and more organizations are changing the way performance review is conducted. Since effective talent management is increasingly becoming more difficult these days, effective performance management has a vital role to play in it.

Features of Performance Management

There are three important features of an effective performance management program.

  • The first is the strong support by executives at all levels. Role modeling needs to begin right at the top and demonstrated by appraisals done on all members of the organization. This must be included as an important feature of strategic management processes of the organization.
  • Another effective performance management strategy includes a proper goal setting process. When individuals are allowed to set goals, particularly those with rewards tied to them, they are motivated to perform much better.
  • Pay package discussions also need to take place separately from feedback about performance and also discussions surrounding training and development.

Apart from the above-mentioned points, there are still more important aspects that one needs to look into in order to ensure proper performance management.

Performance management includes coaching employees to address concerns and issues related to performance so that there is a positive contribution towards the overall growth of the organization. Coaching implies providing direction and guidance and support as required on assigned tasks.

In this case, managers need to identify strengths and weaknesses of his employees and provide constructive feedback on areas of improvement and also what kind of opportunities the organization can offer the employee in future. The role of the coach is to demonstrate skills and to give employees proper feedback. On the other hand, good listening skills on the part of the coach is also essential. The strategic power on the part of the employer lies on asking the right questions.

Providing feedback involves giving a positive feedback about good performance. Ensure that you do this frequently and, of course, timely. Recognition for effective performance acts as a great motivator.

On the other hand, while advising on areas of improvement, make sure that you give feedback in a proper constructive way. As this will not only help the employee identify his weak points but also improve upon them greatly.

The Last Words

In the end, it can be said that performance management is a process by which a platform is set for employee accomplishments along with the organization’s mission and also ensure that both grow. By establishing a clear performance strategy, helps employees in understanding what exactly is expected out of them.

Finally it can be said that, performance management can be regarded as a pro-active system of managing employee performance. It is all about striking a proper balance between individual and organizational objectives.

Hope you enjoyed reading this blog. Please feel free to share your feedback with me@SampurnaMajumde

 

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Law as a Career: Take From Bhumesh Verma, Corporate Lawyer

Bhumesh Verma is a Corporate Lawyer and Partner at PKA Advocates based in New Delhi. He graduated in law from Delhi University in 1994. In 2000, he was selected as one of the scholars under the British Chevening Scholarship for young Indian lawyers. Under this scholarship, he studied at the College of Law at York and worked with Ashurst in London.

His areas of practice include advising on legal and regulatory issues concerning foreign investments in India, representing clients for regulatory approvals from government authorities, financial and technical collaborations, joint ventures and other business transactions, corporate and securities laws, M&As, Private Equity deals, drafting of commercial agreements, due diligence and legal opinions / documentation in these areas.

law as career

Let’s know from him about the life of a lawyer.

  1. Why do you think law is a viable career option?

Since liberalization of Indian economy in 1991, law has become a promising career option. Earlier, a lawyer was perceived only to be an argumentative person in Court (as you would have probably seen in movies) primarily required when one got into trouble with law, be it civil or criminal side. No one ever wanted to be in the company of a lawyer or a doctor, as it meant damage control. The perception has changed now. Lawyers are now needed both in case of agreements (at the initiation of new projects, joint ventures, commercial relationships, etc.) as well as at the time of any disagreement. The volume of work and need for lawyers has undergone manifold increase.

Further, last 2 decades have seen phenomenal increase in many new practice areas like cyber laws, intellectual property laws, sports laws, media laws and so on.

Corresponding to the volume of work and professionalism, the working environment has also changed and the profession brings much more remuneration and recognition today.

As a composite result of these changes, legal profession has moved on from its hereditary nature to a much broad based one – the percentage of first generation lawyers we see today must be the highest in the history of the profession. Earlier, legal profession was first choice only for students whose parents (mostly father) were in the profession and last choice for other students – I am glad to note the matrix is changing now !

  1. Being at this position, surely you are enjoying your professional life. Can you share that Eureka moment when you realized that you were born for this?

It’s a funny thing. Since childhood, I would never take anything on its face value. However irritated they may be, my parents were supportive of my inquisitive nature and endless questions, so I had it in me from very beginning. So, it’s difficult for me to point out a particular moment.

On a serious note, in 1980’s, the trend was that by default, toppers of class 10 took up science stream in class 11, a notch below them took commerce and those who couldn’t get either took (or were given) humanities stream (it was called Arts then). Any deviations were more of exception than the norm.

I was determined to take up commerce stream in class 11 despite being a school topper and teachers and family were sort of surprised. While studying commerce stream subjects, I got interested in corporate laws and this affair continued while I was doing graduation in Commerce. This prompted me to seek law as a career.

  1. Are there any certifications or soft skills required to excel in this profession?

In addition to a recognized law degree, there are many specialized courses, certificates and diplomas that are awarded by different institutions – a student may undertake the subjects of her choice.

As far as soft skills are concerned, the basics are being a good communicator (a good listener and a good speaker, in that order!), having a good memory and being up to date with statutory provisions and latest judgments. Logical reasoning and common sense help in understanding a lot of subjects one may not be too well versed with. You also cannot underestimate the virtue of patience in India where litigation takes long. One should be receptive and accommodative to others in negotiating on behalf of a client – the emphasis should be to arrive at an amicable and early solution, even if it means accommodating someone more than you had initially made up your mind for. The time and energy you save by an early resolution can more than compensate for the perceived immediate loss.

  1. Is there an organized career path in your profession?

Earlier, the legal profession mostly consisted of individual practitioners. Now, the trend is towards institutionalization – in the sense that law firms are getting bigger and more professional. These firms have parameters for a fair appraisal and promotion mechanism. You join a firm at the starter level as a trainee or associate and climb the ladder on the basis of your performance. Today, even a non-family, non-founder lawyer can become a partner, even the managing partner of a firm. The same process goes for in-house lawyers with corporate houses. Many in-house counsel are on board of directors in their companies.

  1. What are the excess perks you enjoy?

Besides being remunerative, this profession has given me a chance to know so many businesses, cultures and people. I enjoy travelling, meeting new people and talking to them, apprising them about India’s potential as a wonderful investment destination.

I have travelled a lot for work, seminars and guest lectures and have made friends from the fraternity all over the world. For example, I was in Milan for 2 weeks in September 2014 for some work. Not even one day did I eat alone nor did I miss my office environment as I would work from some or the other law firm’s office only.  The same goes for other big cities be it London, Paris, Singapore, Sydney or Tel Aviv.

Further, I feel this profession has given me the chance to do something for my country, albeit in a very small way. In last 2 decades, we have facilitated a lot of foreign investment and joint ventures in India (representing the Indian or foreign party) and dispute resolution for many international commercial issues.

  1. Since you have lived through many ups & downs of this profession, what advice would you like to give to the newbie who wants to be a lawyer?

Legal profession is not a bed of roses. If you are just impressed by how much appearance fees a senior advocates charges today or how high placement offers have been made at particular law schools, this profession is not for you. Like every profession, it demands hard work, patience and sincerity on your part and rewards and recognition follow. You have to keep putting in your best despite the odds that you may be facing at times. Clients appreciate you only by the quality of your work and not by your designation, remuneration, fancy cars or software systems. There may be temporary imbalances, but ultimately only deserving and meritorious people get successful in the long run.

  1. Does this industry face PESTEL (Political, Economical, Social, Technological, Environmental, & Legal) challenges?

Legal profession isn’t immune from such challenges. For example, the private equity, capital market and M&A deals dry up during recession in the economy and only restructuring deals pick up during this period. Similarly, if we have a strong decisive government at the Centre, the foreign investment related work witnesses a surge and goes dull when the government takes any retrograde step. However, the profession is dynamic and and we keep evolving with the changes in the environment.

  1. How did your social circle react? How do they contribute to your success?

20 years back, it was very difficult to explain to someone as to what a ‘corporate lawyer’ meant. A lawyer who did not go to Court (went to an office instead), did not wear the black and white uniform, did not have court holidays, used to read Economic newspapers and not case law, was a different breed. No landlord would lease his house, no bank would give a loan or credit card and no one would marry his daughter to such a lawyer. However, I feel a lot has changed now and the new lot has a much easier life and recognition as lawyers, particularly on the corporate advisory side!

I am by and large a self-made professional. However, we need family support to excel in every field. My family has been very understanding and supportive in all my endeavors including long days away on business trips. If your social circle consists of business community or NGOs, they can help in feeding some business, recognizing and recommending you. Social media is a very effective tool for lawyers these days.

  1. What does your profession mean to you? Or What is law according to you?

Law isn’t a profession for me, it is a passion. Unless you love what you do, it is meaningless and just another job. However, I am no workaholic and strive for a reasonable work-life balance.

Law according to me is a set of guidelines for ‘what to do’ and a solution for problems, if ‘what to do’ is not followed.

   10. Do you have a role model or mentor? What inspired you to be in this profession or what keeps you motivated? 

I did not know any lawyer before coming to this profession as I am a first generation lawyer. I met all lawyers whom I worked with ‘on the job’. However, I have had the privileged to work with some of the best lawyers in India – including Mr. Ajay Bahl, Ms. Lira Goswami and Mr. Pinto Khaitan (in chronological order), in a way you could call them my mentors. I learnt a lot from them and try to imbibe some of their values and follow their professional ethics. Similarly, my interaction with many international lawyers taught me a lot of good practices and attitude.

Newer challenges keep me motivated. Law is a very dynamic subject, be it rules and regulations or case law so one needs to keep updating every now and then. Further, contrary to general perception, every new assignment or transaction has a new dimension, there is almost nothing repetitive in any two transactions, so one needs to handle it differently.   I enjoy coming back to work every Monday.

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IT career in Banking: Take from Pankaj Kamra – Vice President at Leading Global Bank

Pankaj Kamra, Vice President, at one of the leading global banks, shares his professional experiences and enthralling journey. Let’s know from him about the life of IT career in Banking.

  1. Why do you think IT career is a viable career option?

The IT industry was booming when I started my career. Having a non-engineering background it sounded a bit difficult to get into hardcore IT but I made it through and have grown with industry in Indian market before moving to Singapore. Viable – Yes, absolutely which is why I am sticking to it for 15 years.

  1. Being at this position, surely you are enjoying your professional life. Can you share that Eureka moment when you realized that you were born for this?

Beauty of life at any front is that it keeps giving such moments. I remember many such instances, but the first one was during my first year at GE Capital when there was a virus attack and I managed to write a javascript code overnight to clean the machine & even on other machines on network. McAfee later acknowledged that the script worked & cleaned the infected machines . Many more to count as I progressed from being a programmer to project manager- > program manager-> portfolio manager.

  1. Are there any certifications or soft skills required to excel in this profession?

Yes, I did Microsoft certification MCSD when I was coding on MS Visual Studio. And then, later moved on to do Six Sigma green belt & finally PMP as I progressed over years.

  1. Is there an organized career path in your profession?

Yes there is one & I have lived the progress. Starting as a developer, going on to System analysis, managing support teams, project management, program management & now portfolio management.

  1. What are the excess perks you enjoy?

We get additional performance bonus on top of fixed compensation. However, due to bad economic conditions, it hasn’t been a good one over the last few years. There are medical benefits, much cheaper housing loan to name a few others.

  1. Since you have lived through many ups & downs of this profession, what advice would you like to give to the newbie who wants to be a banker?

Stick to basics & you will progress. If you are an extra energetic person, there is much more to experiment. If hard core technology appeals to you the most, then you can excel within technical lines without having to do come over to project management. There are plenty to choose within the IT industry itself.

  1. Does this industry face PESTEL (Political, Economical, Social, Technological, Environmental, & Legal) challenges?

No industry is left out by these challenges.  IT being the enabler function, felt ripple effect of its clients across all sorts of industries. Many jobs were cut, bonuses dried up, career progression halted during economic turmoil in recent years.

  1. How did your social circle react? How do they contribute to your success?

No career can succeed without environmental support, especially from those who are close to you. My circle applauded my entry into the booming industry, supported my night out’s at work, cheered for the milestones that I achieved, and most of all sacrificed bodily & mental peace supporting me all these years. They stayed awake when I came past midnight, they woke up early when I left at dawn, they were embarrassed when I couldn’t keep up to commitments made to them for weekends, they waited to hear for my wellbeing in anxiety when I was in long flights, and much more beyond I can express.

  1. What does your profession mean to you? Or what is IT Career according to you?

It has meant a lot to me as it has helped me progress in my life. It enabled me to fulfil the financial needs of my family, gave my social circle (especially family) to feel proud when I moved up the ladder step by step. On the flip side, it also taught me very important lessons that sometimes it is of worth to be with family.

   10. Do you have a role model or mentor? What inspired you to be in this profession or what keeps you motivated?

Yes, I have had different mentors through these stages and their success has motivated me at various fronts of life.

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