Yes I could relate somewhat to the article. I am an advocate
for living a deliberate life-- that is, being cognizant of the decisions you make in how you spend your time, your money, your energy. Those decisions should align with what your real priorities in life are. Too often, we measure success in life against the progress we make in our careers. Profit is important to the health of any business. But I have long felt that there is something much more important. Integrity, quality, and responsibility to name a few. There is nothing wrong with money or wealth, but unfortunatly money, wealth and power have become mis-prioritzed. The great news is that wealth or profit does not go away when it loses its #1 priority status. Profit and wealth actually become more sustainable and healthy when they are a by product of ongoing good intention and passion to serve. The powerful motivation in our lives shouldnot be money; it should be the opportunity to learn, grow in responsibilities, contribute to others, and be recognized for achievements. The most valuable take away for me is the idea that although I may be investing today in things that appear to be very important and will get me the short-term things I want (career success and money), as a human I need to be very careful to look to the long term and see if my efforts are going to result in the long-term things that I want (happiness, health, fulfillment) because all around us people and companies are making the mistake of short-term success but experience ultimate failure.
Relationships are the most important investment we can
make and the most rewarding in the long-term. 2. Why did SIMSR refer this article now (even before joining) ? SIMSR wants us to be self-satisfied. People shouldnot confuse purpose with priorities, which is a knee-jerk default in todays hyper-connected multi-tasking world. Life, while rewarding, is hard. So we must know how grapple with it. SIMSR wants us to accept, work with and appreciate what we have . Todays world provides too many scapegoats and shortcuts. SIMSR wants us to know them. It wants us to see everything from the margins a narrow purview.
3. According to you, what are the three major themes
you feel are important in this article and why? According to me, the three major themes important in this article are: Powerful Motivator in our life is not money. It is the opportunity to learn, grow in responsibility, contribute to others, and be recognized for achievements, and be recognized for making difference to people. We shouldnot be worried about the about the level of individual prominence we have achieved, We should think about the individuals we have helped to become better
people. In the end, the only way we can measure
the significance of our own lives is by valuing the lives of others. Management is the most noble of professions if its practiced well. No other occupation offers as many way to help others, learn and grow, take responsibility and be recognized for achievement and contribute to the success of a team. Management is getting people together to figure out how to transform inputs into outputs. In the process of figuring out the process of how people work together, you've got to figure out who's got what responsibilities and how do they work together. You can either do it in a way that minimizes or demeans people who work in this enterprise that you've created, or you can make them feel noble, like they've achieved something, like they've learned something every day, and that they really are important to the enterprise. It is rightly said as "Doing deals doesn't yield the deep rewards that come from building up people." How to live a life of integrity. Justification for infidelity and dishonesty in all the manifestations of life lies in the marginal cost economics of just this once. We have got to define for yourself what we stand for, draw the line in a safe place and stand by it.
4. Has the article made any impact on your plans of
what you'll do at SIMSR for the next two years?
This article has taught me mostly 3 things:
Finding happiness in career- Most people think getting rewards for jobs (i.e. money, benefits, vacation) will increase happiness. Instead these factors merely reduce dissatisfaction. Whereas, Challenging work, recognition, and responsibility will increase our satisfaction in a job. This is going to be my mantra while I am here in SIMSR. Finding happiness in relationships- I found the point of treating ourselves and people in our lives in a particularly fascinating way to look at life. The main takeaway I got was to stop placing so much emphasis on building a career and THEN focus on relationships, instead make the time and apply the effort to building both-even if that means an engaging project has to wait until tomorrow. Staying out of Jail- The shortest section of the book, this part deals with living a life of integrity. This chapter in summary states: set a boundary and never violate it...not even "just this once." This is very much required to sustain in life.
Article 2: DISTANCE STILL MATTERS
1. Outline briefly what do you understand by the term Globalization. Is understanding it important for PGDM International Business students. If so, why?
Globalisation is the ongoing process that is linking
people, neighbourhoods, cities, regions and countries much more closely together than they have ever been before. This has resulted in our lives being intertwined with people in all parts of the world via the food we eat, the clothing we wear, the music we listen to, the information we get and the ideas we hold. It is the process of international integration arising from the interchange of world views, products, ideas and other aspects of culture. Globalization is indeed an important subject for a student pursuing PGDM International Business. We would be dealing with the globalized business
environment when making strategic decisions and in
managing ongoing international operations. We would be doing commercial transactions, e.g., private sales, investments, logistics etc. which would take place between 2 or more regions , countries and nations. So, it is highly important for us who are pursuing PGDM International Business to know the relations between both of them.
2. Do you think the world is really moving towards a
borderless free world for unrestricted movement of goods/services, capital, technology and people across national borders? Explain the rationale for your answer.
A borderless world refers to an open world which
can bring influences upon people. It may bring about changes in their culture, beliefs, traditions and others. A borderless world means we would be having one government for an entire world. This brings us back to the problem of too much power in too few hands but it also creates another, huge problem. Managing in a Borderless World -identifies the purpose for the companies to go abroad and trying to invest in foreign countries regardless of the way to enter it, like joint ventures, wholly owned businesses, licensing but effective global operations require a genuine
equidistance of perspectives. In a borderless world,
people might not be willing to pay taxes and all the revenues which woulkd be required for the betterment of the individuals. So, in my opinion a borderless world is not possible where there would be unrestricted movement of goods/services, capital etc.
3. Explain briefly the CAGE framework elaborated in this
article and give an example from your experiences so far of when and where you experienced the importance of any one or more dimensions of the CAGE framework. CAGE stands for Cultural, Administrative, Geographic and Economic Distance. Cultural distance means how people interact with one another, with companies and institutions. Administrative distance is the difference between countries based on political rules. Geographic distance means the difference in size of different countries or regions. Economic distance is the difference between a rich and a poor person in the country. Cultural difference can be widely seen in the country where diverse people stay over here having differentr backgrounds, colour, creed, caste and food habits.