Sunday, July 28, 2013

101 Ways to Reward Employees Without Giving Them Cash

Cash has proven to be a short-term motivator for employees. Save yours and try one of these more-meaningful (and less expensive) ways to show them you care.


When it comes to rewarding your employees, cash is king—but only for a few hours. Money is not a long-term motivator. Sure, employees love a check—who doesn’t?—but finding ways to engage with them rather than pay them off will result in more loyal, harder working employees.
Here are 101 ways to say, “I appreciate you and all your hard work,” without breaking your budget.
1. Flexible Hours. Let your team work when they want to work. The flexibility can be worth a lot more than cash. Maybe they won’t need daycare services for their child, for example, if they can make their own schedule.
2. A Thank You Note. Saying thanks about something specific may be the ultimate reward. If you do it selectively yet authentically, a thank you note may be pinned above your employee’s desk for years.
3. Pizza Party. Lunch with colleagues is fun, breaks up the routine and keeps employees in the office. It’s an all-around win for anyone who likes to eat.
4. Guess the Baby. Reward your team with a break from work by having a "guess the baby" event. Have everyone bring in their baby photo, then have everyone guess who’s who.
5. The Boss’s Office. Swap desks with your employee for a day, as a reward. They still do their work of course, but with their feet up on the desk (and yours in the cubicle).
6. Primo Parking. This is an old-school reward that has been around forever ... because it works. It's a great form of public recognition.
7. Flip Flop Day. Casual Friday has turned into casual every day. Change things up by allowing flip flops as a fun way of recognizing success.
8. Day Off Pass. An extra day off from work always helps, and is even better when employees can pick the day and get paid to boot.
9. Tour Time. Take your employees for a tour of one of your vendors or suppliers' facilities. It’s a cool way to learn more about who you work with, and can be as fun as a field trip was in grade school days.
10. Presidential Seal. Create a formal letter recognizing your employee’s achievement. Sign it and use the company’s seal to give the letter something extra. If you really want to do it right, frame it too.
11. Let Them Eat Cake. Any celebration is that much better when there's yummy cake.


Photo: Thinkstock 
12. Standing O. Get all your employees together in the same room. Really pack them in. Then invite in the employee you're recognizing and give him or her a standing ovation.
13. Gourmet Coffee. Replace that burnt coffee pot with a selection of gourmet coffees.
14. Breakfast from the Boss. Bring in a catered breakfast for your team, and designate yourself as the main waiter, serving all your wonderful employees.
15. Rented Wheels. Rent a nice car for a week and give it to your employee.
16. History Lesson. Have the local historian take your company for a tour of your town or city. Share the history of where you are today and what used to be there.
17. Company Scrapbook. Create a scrapbook as your company grows over time. Each month start off a scrapbook page with the employee you're recognizing. Their names will be part of history, literally.
18. Monopoly Money. Reward employees with your own custom phony money (or use Monopoly money) and allow them to redeem it for gifts at the end of each quarter.

19. Wall of Fame. Create a wall of fame for each recognized employee. Be sure to write below their picture what they did that you're recognizing them for.

20. Helmet Stickers. 
Get a football helmet from each employee’s alma mater and put it on their desk. Every time they do something great, give them a helmet sticker ... just like the college sports teams.

21. The Amazing Office. Set up one amazing office in your building (yes, better than yours). Each month, for an entire month, give the employee you're recognizing the office to work out of.

22. The Morphing Trophy. We did this at my first company and it always brought fun, laughter and recognition. Get a big trophy and give it to the employee you are recognizing for the week. At the end of the week, they must return the trophy but they need to add one thing to it. (You would be shocked how many things can stick to a trophy.) Then next week give it to the next winner. At the end of the year, you'll have a trophy with 52 things stuck to it. It looks hysterical and has lots of memories. At the end of the year, retire the trophy and put it in your reception area. Do it every year.


Photo: Getty Images 
23. Wax On, Wax Off. Have their car professionally detailed while they're at work. If you want to save a lot of money, do the detailing yourself.
24. In the News. Tell your local paper about your employee’s success. Also tell the paper in the town where your employee lives. Run a press release too. Then, when it gets printed in the paper, get the article framed and give it as a gift to your employee.
25. Dump It. Let your employee ditch one project they like the least, and you do it yourself instead.
26. Name the Room. Name an office, lounge, conference room or any room in your office building after the employee. Be sure to put a plaque right outside the room.

27. Massage. Have a massage therapist come to your office for the day and give every recognized employee a chair massage. A chiropractor isn’t a bad idea either
28. The Oscars. Have your own annual Academy Awards ceremony (or name it whatever you like). This can be done in the summer to offset the annual winter holiday parties.
29. Life Coach. Hire them a life coach to work on whatever they want. Just be careful with how you present this one. You want to make sure it's seen as a reward and not a hidden agenda to fix something.
30. Adult Education. Pay for one adult education class of their choosing. My preference? Cooking class.
31. Any Magazine. Give them a subscription to any magazine of their choosing. This gift shows up monthly (or weekly) all year round, reminding them of your appreciation.
32. Picnic Basket. Get them a catered lunch, in a picnic basket, and invite their spouse or significant other to enjoy it with them during an extended lunch break.
33. Recognition Circle. Get each employee to write something positive about the person you're recognizing on a piece of paper. Either give them the box of collected sayings or frame them for the person.
34. Commute on Me. Give them a gas card (or public transportation passes) to cover a month’s worth of travel expenses.
35. Movie Time. Give them a pair of movie tickets, and the time off to go see their favorite movie during the workday.
36. Support the Girl Scouts. Have the company buy dozens of boxes of cookies from your employee’s daughter (assuming she's in the Girl Scouts) and give out the boxes to all the other employees at the office. You shouldn’t be eating that much anyway.

37. Just Say it. The words “thank you” are powerful. And sometimes all you need to do is to say it sincerely. 
38. A Concert Shout Out. Get your employees tickets to see their favorite band in concert. Call the event in advance and see if you can get the band to give them a shout out during the concert. (You'd be surprised at how many bands are willing to do it.)
39. Family Thank You. Take the thank you card to a whole new level, and write a card to the employee’s entire family explaining how much you appreciate your colleague.
40. Pick a Door. Put a gift in each of three offices and close the door. Then have the employee choose the door they want, and they get the gift behind it.  
41. Collectors' Paradise. Find out what your employee’s passions, hobbies or interests are. Then give them a gift in that field. Collectors are the easiest to do this for—they always love to get that perfect coin or stamp, etc.
42. Thank You Video. Create a video recognizing your employee. Post it on YouTube for your employee and anyone they want to share it with.
43. Flowers. The all-time classic method of giving recognition. Add a handwritten thank you note for an important personal touch.
44. A New Chair. Many employees sit for at least eight hours a day. Reward their exceptional effort with a new comfortable, supportive chair.
45. Sticky Notes. Post a sticky note on their monitor, saying thanks and saying why. Simple, but effective, when it's authentic.
46. Email Everyone. I'm not a big fan of email blasts. But in this instance, I encourage it. Send an email to the entire company explaining how impressed you are by your employee for going above and beyond.
47. Double Time. Double the time of their breaks for a full week—double the lunch break, coffee break, any and all breaks.
48. Lottery Tickets. Give them the chance to win millions, and it only costs you one dollar.
49. Have Their Home Cleaned. Who wants to come home from work, to work on the home. Hire a maid to clean their house for a full year!
50. Bring the Pooch. Allow your employee to bring their dog (or other pet to work). Be sure that a crate or cage comes along. A snake slithering around or a bird landing on your colleague’s head may not be well received.


Photo: Getty Images 
51. Donuts. While not necessarily a healthy choice, they're super yummy. Bring in donuts for the team you're recognizing.
52. Company Newsletter. If you have one, feature them in it.
53. Team Jerseys. Recognize team players with a team jersey from their favorite sports team, and their name on the back.
54. Singing Telegram. Have a gorilla, or whatever creature is available, show up at work with a singing telegram about how great the employee is. Videotape the song and response and post it on YouTube or your website.
55. Say it with Fruit or Cookies. Send the employee a bouquet of healthy, edible fruit or cookies. Have it delivered to their home, or in the office if they live alone.
56. Name a Beer After Them. Microbreweries will often brew a small run of beer, slap a label with your employee’s name on it—Magnificent Mike Michalowicz Mead for instance. Or create a label and stick it over their favorite beverage.
57. King for a Day. Buy an elaborate costume jewelry kind of crown (the more elaborate and gaudy, the better) and crown them during a morning meeting. “King” for the day privileges includes primo parking, free lunch at their desk and the option to leave 30 minutes early from work.
58. Their Own Personal Assistant. Hire a temporary assistant for the day, week or month to help them with whatever work tasks they have, from filing to answering phones.
59. Ice Cream Party. There’s nothing like an old-fashioned ice cream party where the teams you’re appreciating make their own sundaes and desserts from a selection of ice cream and toppings.
60. Popcorn. Buy or rent an old-fashioned freestanding popcorn popper. Break it out to pop popcorn only when it’s time to recognize someone, or show appreciation for a great effort by a team.
61. Music. If your business has music playing in the background all day, show your appreciation by letting the employee you’re appreciating select the music for the day. I personally suggest some Iron Maiden, Def Leppard and Judas Priest.  
62. Appreciation Jar. Have every employee write up a gift, privilege or recognition they’d like (or just use this list) and then put each item into an Appreciation Jar. Have the employee being recognized select their method of appreciation at random from the jar.
63. Talking Plaque. Buy one of the talking photo frames available at any photo store. Place a certificate of appreciation inside, and record a personal 10-second message of appreciation in your own voice.
64. Talking Fish. If you’re not a fan of plaques, hire someone to rewire a “Billy Bass” or “Frankie Fish” talking fish to convey your gratitude with attitude.
65. Letterman Jackets. Get employees vests or jackets with the company name or logo on it, but then award them “letters” or bling. (Think restaurants whose waiters show off their awards and pins on their vests.)
66. Employee of the Month. This can be a great way to show recognition as long as employees take the award seriously and it comes with real perks, like a parking space for the following month, flexible hours or a longer lunch hour.
67. Founder’s Wall. Instead of just a wall of fame for employee photos, create a wall that not only recognizes employees with a photo, but with a short description and timeline of how they have contributed to where the company is today. Make sure you can add to their accomplishments as they keep succeeding.
68. Appreciate Personal Wins. Don’t just appreciate employees for what they do for you. If they’ve achieved a milestone in their lives outside the office, celebrate with them in the office. Decorate their cubicle with balloons and cards when they achieve a personal win, like completing a marathon, winning a tournament, losing weight (if they’ve been public with their diet), having a baby, buying a new home or graduating from a class.
69. Celebrate Birthdays. Everyone likes to be remembered on their birthday. Celebrate with a cake, or take the whole office to lunch and buy the birthday person’s lunch.


Photo: Getty Images
70. Performance Hours. If employees consistently perform well, give them “performance hours” tokens they can redeem to take a longer lunch, run errands or use for personal reasons.
71. Special Causes Board. Employees almost always have a special cause or group they support. Show your employees you appreciate their outside interests and causes by allowing them to post flyers, cards, photos and forms on the special causes board.
72. Acknowledge Employees in Meetings. When an employee has a good idea, performs above and beyond, secures a big win or account, or does something worthy, acknowledge him or her by name in meetings.
73. Dinner With the Boss. There’s no better way to get employees' attention than to take them and their family to dinner. Make it a nice restaurant of their choice from a list you provide.
74. Put it in the File. After you write a personal, handwritten note to the employee, thanking them for their effort or accomplishment, put a photocopy of the note in their file.
75. Compressed Workday. Pick a day and let employees come in late and leave early.
76. Random Gifts. Leave token gifts like Starbucks Cards, movie tickets, candy bars or gift cards on employees' desks with a note that says, “Thanks for all your hard work. I noticed!”
77. Show and Tell. Set aside one day a month for “Show and Tell.” Cater in lunch and have employees bring in something from home (hobby, accomplishment, video game, etc.) to “show and tell” other employees about. It doesn’t have to be a trophy, just an interest—such as a cake recipe (with samples), a new video game.
78. Family Day. Set aside one afternoon a month for employees to bring in family, kids or friends for a pizza party, or other activity. Set up tours of the company so their family can see where they work and what they do.
79. Employee Appreciation Barbecues. Hold an annual summer or fall barbecue to recognize employees and their families.
80. Music Video Day. Have employees create a music video (shoot, edit and show) of their favorite song. The Gangnam style song has about run its course, but the Harlem Shake and whatever is trending on YouTube is fun.
81. Training and Conferences. Provide training opportunities to high performing employees, or send them to an annual conference they’d enjoy.
82. Website Recognition. Post appreciation of employees on your website. Have a photo and description of what they’re being recognized for, and any client or customer testimonials as well.
83. Training Videos. Put high-performing employees in your training videos. This gives them exposure to the rest of the company and says “job well done” at the same time.
84. Talk About Anything But Business. Take time to have coffee with your employees. Chat, ask them about their life and family. Take time to get to know them as people. It shows you’re interested and that you appreciate them for being them.
85. Know Everyone’s Name. Learn everyone’s name and use it. Say, “Thank you, Carol,” not just “Thanks!” People love to hear their names, so use them and use them often, especially when acknowledging their efforts and achievements.
86. Nicknames Rule. Use name placards with fun titles and nicknames of the employee’s choosing. You can even post or paint the names in their parking spots as one computer game company did, naming the parking spots after characters from the Lord of The Rings.
87. Learning Library. Create a “learning library” of CDs, DVDs and audiobooks that employees can check out. Show your appreciation to employees by allowing them to select new programs based on what they want to learn.
88. Lifetime Achievement Award. Every time you hire new employees, have a “Lifetime Achievement Award” luncheon where you acknowledge every employee who has been with the company for a year or more. This lets the newbies in on what's valued and who gets valued. It sets expectations and provides a benchmark for future efforts.
89. Brag Boards. Create a board where anyone in the company can post a “brag” about their accomplishments or that of a co-worker.
90. Stock the Kitchen. Most places stock coffee, creamer and sugar for employees, but go a step further. Fill the fridge with juice, sodas, water, fruit and nuts.
91. Innovation Day. Have a half day a week where employees can work on a personal project, or volunteer at the organization of their choice.
92. Tuition. Offer to pay a percentage of the employee’s tuition, or books and supplies, for all courses related to their job, dependent upon their length of employment or level of work.
93. Taxi Service. Many employees have spouses, babysitters or other people dependent on them for rides. Offer free taxi service for people who depend on your employee when you’ve asked them to work late.
94. Perk Your Part-Timers. Not all employees are full-time workers, but treat them like they are. Acknowledge their contributions. If they’re temps, write notes to their representative about their great work.
95. Thank the Entire Family. When the employee has to go out of town, work longer hours or weekends, or is taken away from their family for work-related reasons, write a note, send flowers or gift cards for dinner out to the employee’s spouse, acknowledging the family’s sacrifice and thanking them for it. Tickets to a local amusement park or museum for the entire family (including your employee) to visit for the day is also a nice gesture.
96. Start a Team. It doesn’t matter if it’s summer softball, bowling or badminton. The idea is to build relationships, camaraderie and respect among employees.
97. Name it and Claim it. Name a product or award after a really stellar employee who invents, suggests or comes up with a new process, product or service.
98. Time. Give the gift of your time and attention. Offer to mentor or coach employees you truly appreciate.
99. Close Early or Open Late. Close down unexpectedly early one day and give everyone the afternoon off. Or, open half a day later after a holiday like St. Patrick’s Day.
100. The Dunk Machine. Set up a dunking machine in your parking lot. Go sit in there (in some business attire you don’t mind getting destroyed), and let your employees throw softballs at the target. It's a fun release for them, and shows you're one of the team.
101. Show Respect in Everything You Do and Say. All your hard work and appreciation of an employee can be destroyed in an instant if you yell at them, disrespect or belittle them in private or public. They won’t remember the 100 times you said you appreciated them. They’ll remember the one time you didn’t. Bite your tongue, smile and always show respect regardless of your personal feelings.
Apurv Bhansali
apurv15@ediindia.org

Leader v/s Boss


How a boss/leader is perceived by the workers- workers working for the boss vs workers working with a leader. Would you rather have a boss or a leader? Likewise if you could choose, would you be a boss or a leader?

Apurv Bhansali
apurv15@ediindia.org

Interaction With Mr Pranav Parikh MD Parikh Packaging


Interaction with Mr. Pranav Parikh made us realize that even a person born with golden spoon have to face this tough world. Money is not everything, each one of us has to face challenges to achieve success.
A person with passion and strong belief can make very strong impact on the world. These lines are very apt for Mr. Pranav Parikh. After completing Master in USA, he and his brother wanted to start there own venture in India. Being new in the market, they faced many problems at initial stage, but there hard work and perseverance could not delay there success for long. They always believed in doing things differently. Today they have a very huge clientele which is spread over various countries of the world but still they give equal importance to small clients as they were the one who helped them climb the ladder. They believe that one should be always ready to face the challenges and think outside the box.

Apurv Bhansali
apurv15@ediindia.org

Friday, July 26, 2013

Amazon Q2 revenue up 22% at $15.7B, international sales lag expectations

amazonAmazon.com Inc forecast disappointing income and revenue as it grapples with a weaker international market, overshadowing improving profitability and economic conditions in the United States.
Amazon and other multinational corporations are being pressured by a declining European economy that is sapping consumer spending across the region. While North American sales jumped 30 per cent in the second quarter, its international segment did not earn a profit and revenue rose 13 per cent.
“International was far weaker than expected and that plays into the guidance. We’re seeing weakness on the international side that the domestic business isn’t able to make up,” said Scott Tilghman, an analyst with B. Riley & Co.
“The European consumer has been weak. It’s a tremendous opportunity for Amazon. International margins have been constrained. If they can get to 5 per cent profit margins or more, that’s tremendous operating leverage. But you need the macro environment to be better.”
Amazon shares fell 2.8 per cent to $294.95 in after-hours trade. The stock hit a record of $309.39 on July 16.
After the bell on Thursday, the company reported a second-quarter net loss of $7 million or 2 cents a share, compared to a profit of $7 million or a penny a share a year earlier. Revenue in the latest quarter was $15.7 billion.
The largest Internet retailer had been expected to earn 5 cents a share on $15.73 billion in revenue in the latest quarter, according to Thomson Reuters I/B/E/S.
Amazon also issued a cautious third-quarter outlook. It forecast revenue of $15.45 billion to $17.15 billion and operating results ranging from a loss of $100 million to a profit of $275 million.
Wall Street was looking for third quarter revenue of $17 billion and operating profit of $390 million.
Amazon is trying to turn itself from an online retailer into a broader technology company offering consumer gadgets like tablets and cloud computing services to corporations and governments. It is doing this while expanding in competitive overseas markets such as China.
It is spending billions of dollars on this expansion, which has taken a toll on its earnings. However, investors have so far trusted that Chief Executive and Founder Jeff Bezos can pull it off and produce big profits in the future. That’s help pushed Amazon shares to new records.
International Struggles
Amazon’s International business broke even in the second quarter, leaving it nursing a $16 million operating loss in the first half of this year.
Revenue generated by the company’s International media business, which includes books, music and movies, shrank 1 per cent in the second quarter, compared to a year earlier.
Overseas, Amazon is in the early stages of a transition from physical media products like books and CDs to digital media such as e-books and MP3s, Chief Financial Officer Tom Szkutak said.
This shift requires lots of up-front investment, developing and marketing gadgets like the Kindle Fire tablet for new markets and buying digital content to sell through such devices. The company is also investing heavily in fulfillment centers in relatively new countries like China and Spain.
Szkutak said the Internet retailer is spending heavily on digital video content – in Europe as well as the United States – ahead of the holidays. This spending is partly responsible for a cautious third-quarter forecast, the executive added, during a conference call with reporters.
Strength in Amazon Web Services
Amazon’s domestic business performed much better in the second quarter. North American operating profit was $409 million, up from $344 million a year earlier.
The company’s cloud business, Amazon Web Services, grew strongly. Amazon includes results from this unit in its “Other” segment for reporting purposes and revenue from this area jumped 61 per cent to $892 million in the second quarter.
“AWS continues to power through, driven by broader adoption from larger enterprises,” said Ben Schachter, an analyst at Macquarie. “And that certainly helps the gross margin.”
Amazon does not disclose AWS profits, but Wall Street reckons the business has higher profit margins than the company’s main retail business. So as AWS grows, Amazon’s margins expand.
Amazon’s gross profit margin – a closely watched measure of earnings that excludes several expenses – was 28.6 per cent in the second quarter, up from 26.1 per cent a year ago, according to Tilghman.
“That’s very high – higher than anybody was looking for,” the analyst added.
AWS growth helped, but also more sales of higher-margin digital products and the expansion of the company’s online marketplace for third-party merchants.
Apurv Bhansali
apurv15@ediindia.org

HUL Q1 sales disappoint as volume growth slows

Personal care products unit has been a laggard for the firm while packaged food and beverages businesses were the best performers in terms of both sales and margin growth.
The country’s top FMCG company Hindustan Unilever Ltd reported 7 per cent net sales growth in the first quarter ended June 30, 2013 accompanied by slower volume growth both sequentially and over the year ago period. Net sales grew to Rs 6,787 crore for the quarter led by 16 per cent growth in beverages business as also 8 per cent growth in its key soaps & detergents business.
The firm also announced a top management shuffle 
Its domestic consumer business grew 7.1 per cent with 5.9 per cent growth in home and personal care unit and 12.5 per cent growth in food business.
Overall volume stood at 4 per cent as against 6 per cent year-on-year growth clocked in Q4 FY13. The company's operating profit was up 12 per cent with 70bps margin expansion.
HUL scrip tanked over 5 per cent ahead of the results announcement only to recover partially and was quoting at Rs 661, down 3.7 per cent as of 3.30 PM on the BSE in a weak Mumbai market on Friday.
The firm saw net profit skid 23.4 per cent to Rs 1,019.25 crore over the year ago period. However, the firm’s profit in the same quarter last year was boosted by an exceptional item from sale of assets worth Rs 607 crore which shrunk to a one-time gain of Rs 106 crore last quarter. Profit after tax from ordinary activities before exceptional items net of tax and prior period adjustments for the quarter stood at Rs 885.13 crore, up 3.6 per cent over Q1 of FY13.
Soaps & Detergents which contribute around half of total business of HUL, reported 8 per cent growth in sales and improvement in margins. The firm said Skin Cleansing sustained its strong performance, registering another quarter of double digit volume growth. Lifebuoy, Breeze, Dove and Lux delivered robust volumes. The quarter witnessed price deflation as the benefit of lower commodity costs were passed on to consumers.
In laundry, Surf and Rin maintained double digit growth as they continue to drive category upgradation. The liquids portfolio was expanded with the launch of Surf Excel Detergent Liquid. Household care grew in double digit and Vim Anti Germ Dishwash and Domex acid based toilet cleaners were introduced.
Personal care products grew 2 per cent in a slowing market though the firm reported double digit growth in hair, oral & colour cosmetics business. The unit, however, saw margin pressure last quarter.
In Skin Care, Ponds, Lakmé and Dove delivered double digit underlying volume growth. Fair & Lovely maintained its strong position in the mass skin lightening segment. However, it was impacted by a challenging market context and a strong base effect according to the firm.
Hair care had another good quarter with volume led double digit growth. Sunsilk and Clinic Plus sustained robust growth momentum and Dove growth was led by bottles.
Oral care segment registered double digit growth driven by the Close Up and a step up on Pepsodent Expert Protection.
Colour cosmetics did particularly well, delivering stepped up double digit growth across both Lakmé and Elle 18 brands. Lakmé continues to strengthen its position in premium make up driven by the growing momentum on Absolute and ‘9 to 5’ which nearly doubled sales last quarter.
In skin care, Ponds BB Cream and Lakmé CC Cream were introduced and the facial cleansing portfolio was further strengthened with a new Lakmé Fresh Fairness Clean up range. Hair care saw the launch of Sunsilk Radiant Shine, Dove Cellular Repair and TRESemmé Keratin Smooth.
Beverages & Packaged Food
Beverages grew 16 per cent with tea delivering one of its strongest quarters with double digit growth across all key brands. Taaza in particular had one of its best performances last quarter, on the back of a reinforced marketing mix.
Packaged Foods grew 5 per cent driven by double digit growth in Kissan and Knorr Soups. The Knorr portfolio was expanded with the launch of the ‘Easy to Cook’ range of meal makers. Kwality Walls grew modestly, impacted by a slowdown in the ice cream market.
Overall both the packaged foods and beverages unit, which are smaller part of the business mix of HUL, saw sharp margin expansion.
Harish Manwani, chairman commented: “While there are near term concerns particularly around slowing market growth, we are confident of the medium to long term growth prospects of the FMCG sector and our strategy of driving growth and profitability through innovation and operational excellence.”

Apurv Bhansali
apurv15@ediindia.org

Thursday, July 25, 2013

"The Secret of Leadership"

Have you heard the story of the Zen master and the dogs in the temple? It has a message that has changed lives.

While travelling through a little Himalayan kingdom,the master decided to visit the temple there.As he walked in through the temple gates with his local guide,he saw two large,ferocious dogs chained to the iron grilles at the entrance.They were straining at their chains,their tongues were wagging,the saliva was dripping and they were barking non-stop.Just the kind of sight that could instill fear in anybody's mind!

Don't worry,master! said the helpful guide.'I know they look really scary.But the chains are very strong and there is no way the dogs can break free!" The master continued to walk down the long courtyard towards the main temple.Even as he tried to concentrate on the temple's history that the guide was narrating,he kept looking back at those dogs.The sound of their barking seemed to be echoing in his ears.

And as he looked back one more time,he could not believe what he saw.The dogs had broken free from their chains and were running towards him.Instantly the master started to run too directly towards the dogs! Yes he began to run not away from the dogs,but towards them! And guess what happened? The dogs were so surprised to see the master running towards the gate!

Think of those ferocious dogs as symbolizing the biggest fears in your life.What do we all tend to do? We tend to run away from our fears.Confront your fears,embrace them and you will find that you can conquer them!

Source of the article:
From the book "The Secret of Leadership" by Prakash Iyer (Foreword by Rahul  Dravid)


Amarnath Shetkar
amar15@ediindia.org

Wednesday, July 24, 2013

Big Data intelligence startup Minetta Brook raises $2M from Naya Ventures & TiE Angel Group Seattle

Minetta Brook Inc, a Big Data intelligence startup, has come out of stealth mode and announced it has raised $2 million (Rs 11.8 crore) in seed funding from TiE Angel Seattle or TAGS, an angel investment group, and naya ventures LP, an early-stage venture fund. TAGS led the seed funding round. The company also closed a convertible note round in February this year, which was led by Keiretsu Forum Northwest , an investment community comprising angel investors.
As part of the investment, Gowri Shankar, venture partner at Naya Ventures, will join the board of Minetta.
Company Abstract
Founded in 2011, Naya Ventures is a $50 million early-stage investment firm that invests in India and US-focused companies operating in mobile and cloud space. It invests anywhere between $250,000 and $3 million in startups and has already funded companies such as BoxFish, GlobalOutlook, Glympse and Zoomingo. Headquartered in Dallas, the company has its India office in Hyderabad. Naya Ventures was founded by Dayakar Puskoor, executive chairman at Motivity Labs and at GlobalOutlook; Prabhakar Reddy, an active angel investor and board director at GlobalOutlook and Motivity Labs; and Gowri Shankar, former president and CEO at SinglePoint.
Commenting on the investment, Shankar said, “We are focused on investing in early-stage companies that can use our operational expertise and ecosystem knowledge. Minetta Brook’s team developing a Big Data intelligence platform was the perfect fit for us.”
“The investment allows us to bring to customers our intelligence engine with applications across multiple sectors. Our first application targets the financial sector and will change how news, market and reference data are synthesised to provide hyper-relevant, real-time information to traders and analysts,” said Deepak Bharadwaj, co-founder and CEO of Minetta Brook.
The Seattle-based startup was founded in early 2011 by Bharadwaj and Prabhu Venkatesh (president). Prior to setting up Minetta, Bharadwaj had founded Aelego, a global services firm where he also served as MD and CEO. Earlier, he had served in senior roles at Aqva Group (president) and Microsoft (general manager), and also worked at companies such as Sun Microsystems and Axil. He holds a BS degree in Electrical Engineering from Birla Institute of Technology and an MS degree in Computer Science from University of Oklahoma.
Venkatesh had earlier worked at several companies including Banc of America Securities LLC, GemStone Systems, Bloomberg, Salomon Brothers, Sound Financial Technologies, Telekurs Financial, Convergent Technologies and Fortune Systems, LLC. He holds a BS in Electrical Engineering from Birla Institute of Technology and an MS in Aerospace Engineering from Indian Institute of Science.
The company’s core technology is its Big Data intelligence platform that enables fast discovery of relevant information from streaming structured and unstructured content. The technology development has taken around two years and the company is now planning to transition from beta to revenue mode. Minetta will be shortly announcing its first product running on its Big Data intelligence engine to rope in paid customers.

Apurv Bhansali
apurv15@ediindia.org