To Master the Arts of Great Innovations and Creation

Adopt the Business Wizards' Path

Fantasise>Realise>Alchemise>Productionise>Catalyse>Mesmerise>

Popularise>Prosperise>Humanise>Fantasise

Turning Executives Into Wizards: Step I

-

This website's very heading starts with 'HOW'. Some visitors to this site have expressed an impression that instead of step by step guide, we are leaving it to the visitors to 'guess' the 'how" part from the example of business wizards like Elon Musk and others and review of books connected with the topic.


The point is well taken. We indeed thought that each reader would draw their own lessons and try to follow the wizards on their journey to wizard hood


Now, we have done some brainstorming got some step by step guideline. But, wizardry is still your own pursuit as both businesses and individuals vastly vary and so does the environment as is shown by the Corona.  It is impossible for us or for that matter anyone to hold anyone's hand and lead her/him to wizard hood


Step I - Omniscience


(I) Omniscience: In its original meaning the word means "all-knowing entity" that is  God Almighty. But in common sense, it connotes knowing everything about yourself, soundings and activities. In this connotation, the dictionary cites this sentence:" Volkswagen  Golf features the Marvel -worthy superpower of omniscience an ability to tell you about looming hazards and delays"


Now in this context, we invite your attention to your score in the last 'Acumen Test' reproduced again below for the new visitors to the site. If you score 100% you are well on your way to 'omniscience'


Some of you may say these are the matters of details, but please remember the saying 'the God is in the details'.The details are in the data bank and books but you are away from these or it is embarrassing to refer for such elementary data. Remember the lesson from Sanskrit verse:"pustaksthtu ya vidya wa parhastgatam dhanam,karykalesamutpanna na sa vidya na tat dhanam" which means the knowledge in the books and wealth is in others possession when calamity or opportunity arises that knowledge and wealth are of no use.


Acumen Test


There are now tsunamis of data or big data and still in the flow of informal business talk, say on a golf course or on a flight, most people get stuck for figures and stall the conversation or give off-the-cuff figures when talking about the company they work for. Some basic agreements or a preliminary understanding of big deals is taken during such informal meetings and only formalised during prolonged, formal negotiations by what one businessman calls "whereas people".


Despite supercomputers, some facts and figures must be assimilated and should be at the back of your mind. Actually, there is an imperceptible mental process always going on with the following steps: data > information > knowledge > perception > wisdom > acumen. The last one is the sine qua non of sharp-shooters.


Test your own acumen about the company that you work for. Students can select a company they aspire to work for.  


Here is a list of 22 items for you to answer without referring to any document or asking anyone else. Give yourself 1 point for every correct answer to items 1 to 21 and give one point for each correct answer to item 22. How do you find the correct answer? Look up the company’s annual report on its website after you finish the test.


And, you are the judge yourself. If you score 100%, congratulations! Well done. And, if your score is lower, repeat the test after some reading up on the company.


  1. Company type

    1. Listed company

    2. Private company

    3. Proprietary


  1. Industry category

    1. IT / e-commerce

    2. Manufacturing

    3. Travel and hospitality

    4. Service sector

    5. Others


  1. Sales and profits for the previous financial year

  2. CAGR for the past five years

  3. Number of employees

  4. Percentage of women employees

  5. Percentage of differently-abled employees

  6. Names of directors on the Board

  7. Names of independent directors on the Board

  8. Names of women directors on the Board

  9. Key CSR initiatives

  10. Recent R&D/innovation successes

  11. Energy-saving metrics

  12. Business outlook

  13. Foreign exchange – inflow and outflow

  14. Number of markets served

  15. Pending legal cases against the company

  16. Taxation demands and appeals

  17. Shareholding pattern

  18. Rank in the following lists

    1. Best companies to work for

    2. Top 100 companies

    3. Most innovative companies


  1. Awards and recognition

  2. Five strengths and five weaknesses of the company

Comments

  1. AnonymousDecember 9, 2024 at 3:15 PM

    'The 'Acumen Test' is very comprehensive needs to be published widely.

    ReplyDelete

Post a Comment

Impart your Wisdom

Popular posts from this blog

HUMANE NETWORKERS

-
H umble U nderstanding M agnanimous A miable N oble E mpathetic N ovel E xemplary T olerant W ise O pen R esilient K ind E mpathetic R eliable S ouls Who you know is more important than what you know “Hello Sam - topper of toppers! Your record is not broken at the Institute! You have dropped in at an opportune time. We are preparing a gallery of toppers to be displayed at the entrance to inspire the newcomers and even other visitors.” “Come, tell us what are the inspiring events in your career. I remember you got placed at an attractive package with a well-known auto company.” “Oh Sir, I have no inspiring stories to tell. I have been on a bumpy career route full of potholes. I’ve been in three different jobs and am now trying my luck with a startup which may go belly up. The financiers themselves are in deep trouble as they have tactlessly lost political patronage.” “So sorry to hear that. Have you done some introspection? What do you think went wrong?” “I am tota...
Read more

Reading books changes life

-
R aising E mpathy A cuity D ecisiveness I magination N obility G enerosity B ountiful O verwhelming O pportunities for K eeps   & S afety C haracter H onour A miability N ovelty G randeur E nergy S ensibility L ongevity I ncome F ortune E mpathy by T rust U nderstanding R easoning N ovelty I ntegrity N ous G entility F oresights / I nsights for C ommerce T rade I ndustry: O pportunities N urturing   into R everence E nlightenment A wareness L ove I ntegrity T rust Y en   “The idea that reading books changes life by turning fiction into reality appears fictitious,” was the reaction of members of an informal meeting convened to discuss the content of this blog post. It is because of this mindset that many people avoid reading fiction and fantasy stories thinking that these are a waste of time.  First of all, this widespread, negative view must be diffused. There is also an urgent need to discourage labelling voracious readers with epithets l...
Read more

How Humans Can Avoid Harm & Reap Benefits from Technological AI, AGI & ASI

-
A ll-powerful G enuinely I nventive & A ll-round S parkly I ntuitionist Humans Can Avoid Harm & Reap Benefits from Technological AI, AGI & ASI Artificial Intelligence ( AI), Artificial General Intelligence (AGI) and Artificial Super Intelligence ( ASI) are created by humans and will either benefit or harm humanity through beneficial or monstrous creations based on these. This is evident from the statements of top scientists. The Godfather of AI, Hinton, told the New York Times: “Look at how it was five years ago and how it is now. Take the difference and propagate it forwards. That’s scary. ”  In a Senate hearing last May about the potential of AI, Sam Altman, Head of Open AI, called regulation ‘crucial’. The appeals for regulation are not going to achieve much as there are huge gains to be made from the use of AI in the current cut-throat competition for superiority . The only way to avoid harm and reap benefits is to metamorphose humans (please see the visual with...
Read more

We regret to inform you that due to unavoidable circumstances, for some time, the blog will be published only on the last Saturday of every month