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4349 The World without Bankruptcy Laws

Bankruptcy is one of the natural states which a company may find itself in. Entrepreneurship is primarily about taking risks. When companies take risks, some of them succeed, whereas others fail. Hence failure is a natural part of the business. However, many critics of bankruptcy laws believe that there isn’t a need for an elaborate […]

4348 The Wirecard and Infosys Scandals are a Lesson on How NOT to Treat Whistleblowers

What is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]

4347 Why the Digital Age Demands Decision Makers to be Like Elite Marines and Zen Monks

How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]

4346 Why Indian Firms Must Strive for Strategic Autonomy in Their Geoeconomic Strategies

Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]

4345 Why Government Should Not Invest Public Money in Sports Stadiums Used by Professional Franchises

In the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]

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Before we begin this topic, let us throw some light on the following example.

Peter and John were best friends who did their studies together at Alpha management school (Just an example).They both got their first jobs in XYZ Organization as marketing executives. Within a span of five years, Peter was promoted as Vice President - Marketing while John was still a Marketing Manager.

What do you think went wrong? Where is the problem? In such circumstances, individuals tend to blame their superiors, criticize their fellow workers and eventually start searching for a new job. How many companies would you change? Believe me, you would find a new problem everywhere.

Peter was efficient, reliable, proactive and always delivered results on time. He was a favourite among his clients who never even thought of going elsewhere. John, on the other hand had other priorities. He attended office just to receive his monthly pay check. He wasted his time in loitering around, chatting with friends over the phone, helping others and so on. That is the importance of being efficient at workplace.

Come what may, you need to follow deadlines and deliver quality results within the desired time frame. Problems would come everywhere but you have to find a solution yourself. Never blame others. No one else except you yourself is responsible for your own work.

Why would an organization hire you if you are incapable of delivering quality results within the desired time frame? An individual should learn to prioritize things and plan his day well in advance. What is the use of concentrating on something which is not very urgent and required at the moment? Understand what is important and urgent. Employees need to be quick and efficient to make a mark of their own and outshine their fellow workers.

In the above example, top managers always favoured Peter as they knew that he would complete work on time whereas John was often not involved in major projects.

Understand, your client would pay you only when you deliver their work/projects on time? If you fail to deliver on time, neither your organization will receive the money from the client on time nor would the client come back to you again. They would also badmouth your organization and take away several existing customers. There has to be a TAT (turnaround time) for every process and project.

If the turnaround time of a particular process is say 2 days, it has to be completed within 2 days; else other interrelated processes suffer, delaying the entire project. Employees need to focus on their work. Do not attend office for anyone else but yourself. Do not keep on waiting for approvals from your superiors. Instead, speak to them, take decisions and act immediately. Your goals need to be clear.

If you are not aware of a particular skill or process, seek help immediately. Put your personal problems on the backburner at workplace and strive hard to accomplish assignments on time. Believe me, if you are not efficient and proactive, you will soon be shown the exit door.

Developing a laidback attitude at work would not help you in the long run. Reach office on time, plan your day, jot down what all needs to be done, focus on work, finish it, leave on time and enjoy your personal life to the fullest. This way, you would not only climb the success ladder within the shortest possible time frame but also lead a stress free and happy life and enjoy coming to work.

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