19 July 2008
Proto.in Edition 4 Day 1 - "At the Helm of a Fast Growing Business" by Bhavin Turakhia, Directi
Posted by VineeshThe short introduction about Bhavin by Vijay was mindblowing. Among the youngest Indians to own a Porsche! :-o
Directi (Www.directi.com), a $300 million company without any funding - WOW!
Straight to business with Bhavin - an absolute stunning session!
- Business is like a game -
- Gather the right players
- Enable them to make the right decisions most of the time ( more often than competition)
So how do you do this?
- Teach the game - All players must know how to play the game. Employees must understand the dynamics of business so that there is no lack of transparency and better understanding of the game.
- Share the macro-vision - All players are aware of the final objective. Unless everyone is knows what they are in for, how would they do their best? But the vision still requires near term targets, just as each season is broken up into multiple games, each independent from the other.
- Keep Score (The one I hadn't ever thought of) - In a game, the score is always visible on a public scoreboard. Everyone can see where is the team headed and players know what they must do.
- Line of Sight - Each player can link their actions to the outcome of a game. Provides employees clear information on how they are a part of the bigger picture and hence encourages them to work harder and put in their best.
- Celebrate your victory - Victory party! An essential act of recognizing of victory and the hardwork that has been put in.
- Align everyone's interests - To the victor(s) belong the spoils. It is essential for all employees to realize how direct is the correlation between success of the organization and individual.
Did I miss something? :(
Look out for the presentation here.
Too many take home lessons here, or rather a new line of thinking!
Labels: Proto4
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