Thursday, October 22, 2015

Shopping Experience @ eMart

PS: This is just a demo store and not a real store. The store is under construction.

Wednesday, August 26, 2015

How and to whom the Rs. 50 Crores LBT Amendment is Applicable?

Maharashtra Provincial Municipal Corporations Act, 1949, is the Act under which levy of LBT (Local Bodt Tax) is being made in certain municipal corporations w.e.f. 1st April 2013, replacing Octroi in certain cities in Maharashtra. This Act is now known as The Maharashtra Municipal Corporations Act (Act No. LIX of 1949).

In exercise of the powers conferred by the above Act, the Government of Maharashtra, made rules vide Notification No. LBT-0209/CR-65/09/UD-34, dated 25th March 2010 namely “Bombay Provincial Municipal Corporations (local body tax) Rules, 2010”. These rules are now known as The Maharashtra Municipal Corporation (Local body Tax) Rules, 2010. The Government of Maharashtra has now come with a Notification No. LBT- 2015/CR-47/UD-32 dated 23rd July 2015, which amendments the LBT Rules, 2010. This amendment can bring some cheer to the trading community which was protesting and fighting for the abolition of the LBT in Maharashtra.

According to these amendments the dealer is liable for LBT registration only when his turnover of sales or turnover of purchases, for any period and during any year on or after 1st April, 2015 is not less than Rs. 50 Crores. This is as per the amendment to Rule 3. And according the amendment to Rule 17 the dealer may apply for the cancellation of his registration if neither the turnover of sales nor the turnover of purchases, during year prior to year starting on 1st April 2015 has exceeded Rs. 50 Crores, and the Commissioner shall, after holding such inquiry as he deem fit cancel the Certificate of Registration with effect from 1st August 2015 or any other date he may think fit.

These are the two amendments as per the new Notification. The dealers having turnover of sale or purchase less than Rs. 50 Crores annually account for 99.85 per cent of all traders in the State. This amendment therefore brings all small traders in the state out of the purview of LBT and hence must bring cheers to the trading community.

Friday, January 18, 2013

Learning Better Skills

Learning is a continuous and an ongoing process. It seems the whole life is a learning process. It definitely begins somewhere but never ends anywhere. The old ideas become useless. The old technologies become redundant. The old processes become ineffective. It seems everything is in a transition. 

The whole organization is built on the foundations of 5 pillars. The 5 pillars of an organization are: People, Products, Processes, Promotions, and Profits. They are all interconnected and inseparable. The effective churning of the first four processes culminate into the fifth. We can not achieve profit. But yes we can aim towards profit. Profit is nothing but the by-product of the efficient and effective use of the first four processes. And one process affects the other. They all are interdependent

All the above elements have their own life cycles. Old products die and new products come in. Old ideas die and new ideas come into existence. Old processes become ineffective, and dynamic and evolving processes come into being. Old technologies die and new technologies come into play. Profit seems to be an ever changing idea. If the people and organizations are not learning continuously they become extinct. And when they do not keep pace with the change that is taking place in the ecosystem they become redundant. And in this process many old organizations become extinct and new organizations come into existence. That is why learning becomes a very important thing. Learning is a continuous process. This is what Jack Welch says, “An organizations ability to learn, and translate that learning into action rapidly, is the ultimate competitive advantage”

Learning the new skills and better skills and putting them fast into an action is the ultimate competitive advantage. And execution of these skills is the most essential thing. All vision and mission have no meaning unless there is an action behind the vision. Shiv Khera says, “An action without a vision is a hallucination”. Oh yes !! You are absolutely right Shiv.

And what we all say at Better Manage Now is, “An action without a vision is being blind, and a vision without an action is being lame”.

Monday, November 15, 2010

Innovation and creativity is the key

This is really an exciting news. According to a new survey 40% of Americans believe that the next Bill Gates would come from India or China. The World Economic Forum has reported that the US has lost its global competitiveness ranking while India, China and Brazil have gained. This is really an amazing development. The sad part of the story is that 74% of Americans said it was unlikely the US would regain its status next year. This is a sad part for the simple reason that it is a psychological defeat. A vast majority, about 96% of Americans believe that innovation was critical to the future success of the US as a world economic leader. And nearly 60% Americans agreed that the rising national deficit would have a “major impact” on the prosperity of future generations. 

This is really a sad part that the national deficit is a major concern for majority of the nations. This is a consequence of bad governance and ineffective economic management of the country. This applies to many nations in general including India. We need to be very cautious and careful in our spending keeping in mind the future economic success of India. The US case has to be an eye opener for many nations. The economic survey, conducted by Zogby International, found that 68% of Americans think innovation was key to the future success of their place of employment, with 50% maintaining that innovation was important for their job remaining in the US. 

This is what we have been saying at Better Manage Now that innovation and creativity are the two key determinants for the future success and survival of the organizations and the whole world at large. Innovation is of the pure mind and creativity is of the pure heart. Let innovation and creativity be the new benchmarks for the New World Order.

Creativity Dr. Bono Style

Dr. Edward De Bono visited India in September, 2007. His visit has been of an immense value to many organizations. He talked on the importance of creativity and innovation. I really do not know how many organizations have started realizing the importance of creativity at their work places. Just to speak in few words, Dr.Edward De Bono is a creativity Guru, and an outstanding man accredited with 74 books to his credit. He is a “lateral thinking” Guru and an inventor of “Six Hats Theory”. He has been traveling all over the world and speaking and advising hundreds of organizations on creativity and generating newer business ideas on the strengths of creativity and lateral thinking. Lateral thinking means to think in an unconventional way. What they say in the management parlance is to “think out of the box”. Are you interested in knowing more about Dr.Bono? You can digitally travel to his personal website @ Dr. Edward De Bono. You can also know about Dr. Bono on Wikipedia. 

Are Indians creative? Dr. Bono says, “From the limited interactions I’ve had, I find Indians very argumentative”. He further adds saying, “Argument is a very primitive way of discussion”. A very cryptic remark isn’t it? We really need to peek in and introspect ourselves. I think Indian-born Nobel Prize-winning economist Amartya Sen will definitely agree with Dr. Bono. However, Nobel Laureate and world renowned economist Amartya Sen in his book “The Argumentative Indian” delves deeper and wider and beyond the narrow argumentative traits of the “Argumentative Indian”. In contrast Dr. De Bono says, “Americans are creative and have a ‘go getter’ attitude. The Chinese have not started thinking creatively, but the Japanese are slowly shifting from logic-based thinking to creative thinking. The French think they are the most creative. But in fact, they are not”. Can India become a Superpower? He gives an instant solution. He says, “If India can partner China, the two can become a Superpower in a short time. Alternately, if India and China can form a coalition, bringing other developing nations under its fold, it can beat all other superpowers”

Great Guru !! Creativity has its own power. The biggest power lies in creativity. Dr. De Bono advises organizations to appoint a CIO - Chief Ideas Officer. He should be responsible for ideation, collection and implementation of ideas. He further says, “Ideation should be made compulsory”. He gives the example of a bank in England which allows its employees to “just think” for half an hour daily. The bank employees have to report at 9 am and think till 9:30 am. 

What is lacking then? Why can’t we be creative? He gives the following three factors that prevent us from thinking creatively: Lack of confidence, Lack of knowledge of adequate creative thinking tools, Fear of taking risks. We all at Better Manage Now, strongly feel that the future world does not belong to the competitive but to the creative. The “Blue Oceans” belong to the creative and the innovative, and the “Red Oceans” belong to the competitive. The competition with the other is an old adage. And to be creative and innovative is a new thinking and a new beginning. Creativity and innovation is a new mantra that will keep the businesses ticking. Creativity is all about mindfully creating the future. It is crafting the future with full of awareness and consciousness

Let us contemplate on some brilliant insights given by great people on creativity: 

“There is nothing new except what has been forgotten”. Marie Antoinette

“Your theory is crazy, but it is not crazy enough to be true”. Niels Bohr

“You need chaos in your soul to give birth to a dancing star”. Nietzsche

“All children are artists. The problem is how to remain an artist once he grows up”. Pablo Picasso

“If you want to make an apple pie from scratch, you must first create the universe”. Carl Sagan

“You can never solve a problem on the level on which it was created”. Albert Einstein

“The intuitive mind is a sacred gift and the rational mind is a faithful servant. We have created a society that honors the servant and has forgotten the gift”. Albert Einstein

“Creativity has nothing to do with any activity in particular - with painting, poetry, dancing, singing. It has nothing to do with anything in particular. Anything can be creative - you bring that quality to the activity. Activity itself is neither creative nor uncreative. You can paint in an uncreative way. You can sing in an uncreative way. You can clean the floor in a creative way. You can cook in a creative way. Creativity is the quality that you bring to the activity you are doing. It is an attitude, an inner approach - how you look at things. So the first thing to be remembered: don't confine creativity to anything in particular. A man is creative - and if he is creative, whatsoever he does, even if he walks, you can see in his walking there is creativity. Even if he sits silently and does nothing, even non-doing will be a creative act. Buddha sitting under the Bodhi Tree doing nothing is the greatest creator the world has ever known”. Osho

“Each man comes into this world with a specific destiny - he has something to fulfill, some message has to be delivered, some work has to be completed. You are not here accidentally - you are here meaningfully. There is a purpose behind you. The Whole intends to do something through you”. Osho

“Life in itself is not meaningful. It is meaningful only if you can sing a song of the eternal. If you can release some fragrance of the divine, of the godly. If you can become a lotus flower, deathless, timeless. If you can become pure love. If you can beautify this existence, if you can become a blessing to this existence, only then life has significance, otherwise it is pointless, it is like an empty canvas, you can go on carrying it your whole life and you can die under its weight, but what is the point? Paint something on it. Meaning has to be created in life, meaning is not given already. You are given freedom, you are given creativity, you are given life. All that is needed to create meaning is given, all the essential ingredients of meaning are given, but meaning is not given. Meaning has to be created by you. You have to become a creator in your own right. And when you become a creator in your own right, you participate with god, you become part of god”. Osho

So what’s next then? Can we still think of not being creative? Some ground rules: 
  • We can create only from the created and not create the created. 
  • We can create within the creation and not outside the creation. 
  • We can be a drop in the ocean and not an ocean in the drop. 
Are you still not thinking of creating something? Let us not create anything out of everything, but let us create something out of nothing. And let that something be of a value. Let that something be meaningful.