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‘Passion in business' is not just a feeling, experienced by an individual
or interpersonal relations. It is at a much deeper level, it is what
makes the individual and the organization work with extreme emotional intensity.
Passion makes the impossible possible. It is very close to madness,
not destructive but constructive. Passion is like digging a mountain with a
pick axe and finally reaching a level playing ground. Passion is the life
force, which effectively runs an organization at high speed. An entrepreneurial
organization is always characterized by hard work and passion, to keep the hard
work going. A passion driven organization outperforms its competitors by miles
and zooms.
Take the example of Vijay
Mallya of Kingfisher or Branson of Virgin. Both have high energy and passion
for their ventures. Whenever you fly in their airlines, you find the spirit of
enterprise running through and through, ensuring customer delight. The on-time
punctuality, safety, employee behavior, cleanliness of the cabin, the way the
food is served - all these show, how a passionate vision shared by the leader,
leads an enterprise on to the growth path. You would also notice how, the
entrepreneurial spirit leads these airlines - they take on the market in an
innovative and creative way and create opportunities instead of waiting for
opportunities, to be exploited.
The Indian IT industry is
another good example where passion is driving the business. There are
innumerable examples of startups, becoming giants in terms of new services,
products, processes and eventually becoming multinationals. The recent
phenomenon of IPL in Indian Cricket has demonstrated what passion can do for
business.
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Passion is the life force, which effectively runs an organisation at high speed.
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What is then a passion
driven organization? It is an organization which has -
Compelling Vision and Mission:
The entrepreneurial call is high when shared and accepted by everyone.
It is my
passion to deliver the best of good times
is the vision shared by Vijay Mallya. The Mission of Glaxo Smith Kline is to improve the quality of human life by enabling people to do more, feel
better and live longer. The Mission of Ogilvy & Mather is to be most valued by those who most value brand. and Amazon aims to be
the earth's most customer centric company.
A vision though invisible, helps every stake holder to
see their/his perceived future. That is when it touches the hearts of each and
every employee. An enterprise big or small needs to have a strongly articulated
vision/mission.
Innovation: A constant search is on, for
finding newer ways of enhancing the market share and running the enterprise for
a higher bottomline. Adaptability to change is continuous. A pervasive attitude
of experimentation pervades all actions.
For instance, the Telecom industry in our country is
growing by leaps and bounds. Giant companies like R Com, Bharti Airtel or
Vodafone are displaying an enormous level of creativity and innovation in their
product offerings. They are moving from one technology to another. We find GSM
mobiles, CDMA mobiles; Internet connectivity, Navigation aids and more and more
features on every mobile with changing billing patterns, to suit the changing
needs of customers for payment and price preferences.
Role
models: The leaders
not only show the way but, go the way. They live by their vision and are
constantly open to new ideas and actions. They influence the people around them
by touching their emotions.
Good Governance has been recognized as a reputation
builder and it is the responsibility of the leaders to be role models, by
adhering to principles.
Nokia recalled millions of their handsets as it was found,
a few of the batteries were exploding. A director of Infosys was levied a fine,
since he was found to have accidentally indulged in insider trading. Anil
Ambani declared issue of bonus shares to the subscribers of the power issue,
when the market value of the scrip fell below the issue price.
This type of incidents in the life of an enterprise show
the role modeling done by its leaders and helps all the stake holders to
respect and respond in a similar fashion.
Work
Culture: Culture is
a way of life. In a passion driven business, the employees work with a start up
culture of high energy, minimal bureaucracy and an intense desire for
achieving.
Today, we find this kind of
culture working in the infrastructure industry. Some good examples could be the
GMR Group, Lanco Group, DLF Group which are some of the names, where enormous
and complex projects are being taken up and driven to success and in many
cases, within the target date and costs.
Customer First attitude: Employees are constantly on the
look out for ensuring that every activity adds value to the customer.
Auto sector has shown phenomenal growth in terms of
models, sizes, technology, aesthetics, service and spares and
internationalization in the recent times. All the global majors are in India
and are sometimes setting the tone. In the recent times, the Indian auto majors
are also setting the tone. Post Nano, many international majors are reinventing
or creating small cars. ‘Customer
First' is the
ruling credo.
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Passion
makes the impossible, possible
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Risk Taking: There is a saying - ‘no pain, no gain'. Passion helps people to accept
pain, which they would rather avoid. Risk taking backed by competence, is a
sure fire formula for success.
When we talk of entrepreneurship,
the corner stone on which the definition is based on is ‘risk taking'.
However, it is not blind risk taking but, a planned approach to risk taking. An
entrepreneur is not a gambler but, is a driven individual who wants to succeed
at a cost.
A passion driven organization
thrives because it has an intense emotional desire to succeed and win. The
leaders and the people believe in their cause and are willing to sacrifice
beyond the call of their role, to create value.
If you are building an enterprise, you need to fill it with
passion.
The author is a trainer, who has specialised in Banking & Finance
and Soft Skills. Feedback at
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Issue BG87 Jun 08
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