April 22, 2013 Comments off

Reading my blog has been made easier!!!

You may choose any of the following four options:

1. Select articles based on your area of interest

Academics | Business-Economy | Career | Current Affairs | Living | Trivia | External Articles

2. Select recent articles… helpful for regular readers

Preview of recent articles

3. Select popular articles… based on blog hits

Preview of popular articles

4. Just scroll down to continue from the home page…


Fight against “oppression of women” – Illusion or reality

April 1, 2014 Leave a comment

No country is doing any better on “fight against oppression of women” because everyone has changed the definition of “an oppressed woman” to suit their needs. And this has nothing to do with religion… Anyone who attributes such oppression to religion is either speaking out of ignorance or intentionally playing a communal card. Either ways, you are not doing any bit to solve this problem.

So, what we need is a radically new social system which ensures that everyone in society continues to view and treat women as the honor of society and nothing less – at home, at work, at school, and everywhere.

Now the next logical question is what should this social system look like… I anchor this future state system on three key principles:
_ One thing is very clear that self-enforced discipline has not got us anywhere so there has to be some kind of mechanism to drive desired behavior… more like guard rails than being too prescriptive.
_ There is a need to move away from providing band-aid solutions to different symptoms and starting with a clear definition of “what is the role of women (and men) in society”
_ Almost all of us have women in our life who we care about… and so whatever we define as “women rights” should pass the test on our family.

A woman has both a familial and societal role:
_ Within family, she has the role of a wife, mother, daughter, and sister which comes with its own rights and responsibilities (overarching principle in these relationships is to treat the other the way you would want to be treated)
_ Within society, she has the right to pursue education, take up employment (and equal opportunities to excel in her areas of expertise), even run her own business, exercise her vote, and engage in politics (and affairs of society)

By nature, men have been created as physically strong while women have been created as delicate humans who need to be respected and honored in the right way. In fact, I see it as the responsibility of men to protect the rights of women.

As I look at it from a muslim perspective, it is clear that the misconceptions surrounding the treatment of Muslim women arise from two sources:
1. From Muslims who may justify their oppression and mistreatment of women on the basis of Islam
2. From non- Muslims who have an agenda to take the Islamic teachings and want to depict Islamic civilisation as backward and oppressive
Even though the actions we read about are not from Islam, the western media have linked this crime to Islam.

In fact, this is what’s mentioned in the Quran – “Men are the protectors and maintainers of women, because Allah has given the one more strength than the other, and because they support them from their means. . .” I am yet to find any contrary teaching to this in the Quran.

Real value of a consultant

March 31, 2014 Leave a comment

Having returned from a loooong hiatus, here’s what I see as a sequel to my last article on consulting >>> Professional reflections – My first year of consulting at the Firm

“Being a great leader is often less a matter of eloquence and more a matter of repetition and consistency.” – Lou Gerstner

Over the last few days, I have started reading a couple of books one of which is “The Firm”, an external perspective on what McKinsey is and what makes up the McKinsey culture. While I can be completely honest that some content in the book will not pass a factual check, there is some content that drew my attention which I wanted to share below.

My thought process is very closely aligned with what the character, Mike Ross, says to his boss, Harvey Specter, in one of the episodes of the TV series, The Suits. It goes something like this, “I know what kind of a lawyer I can be if I am as smart as you, but what I want to learn is what kind of a person I want to be.” (Don’t hold me to the exact wording of the quote… I don’t have as great a photographic memory as Mike Ross).

Anyways, going back to the main topic, I was impressed by what Marvin Bower articulated in his 1997 book, The Will to Lead, as five responsibilities of a professional consultant. I go a step further to add an overarching sixth responsibility that sets the foundation for these five responsibilities.
0. Must hold oneself accountable for being morally right in everything he/she does
1. Must put client’s interests ahead of the firm’s interests
2. Must adhere to the highest standards of truthfulness, integrity, and trustworthiness
3. Must keep to himself/ herself the client’s private and proprietary information
4. Must maintain an independent position and tell the client the truth as he sees it
5. Must provide only services that have real value

A true consultant actually ends up playing four roles:
_ Lawyer for the discretion and integrity
_ Engineer for the scientific, fact-based rigor and precision to the task
_ Doctor for dispensing advice to unhealthy organizations on how to get better and to healthy organizations on how to stay that way
_ Priest for serving clients and being a responsible member of the community

To do this, key ingredients, that Marvin called the McKinsey persona, are:
_ Being selfless
_ Being prepared to sacrifice money and fame for the sake of building a stronger firm
_ Never look for public credit
_ Confident and discreet

Looking for truth in a maze of lies, nonsense, and injustice

June 1, 2013 2 comments

Like someone said… there are always three sides to everything – yours, theirs, and the truth.

Over the last few days, all the events happening around me have annoyed me to no end about how people have lost basic sense of rationality, humanness, and morality. Countless events to substantiate this but here’s a few…
H&M disposal
Former Nestle CEO
Victoria Secret
Boston Marathon incident
Iraq drone program

Stepping back, I feel the only thing that distinguishes humans from other God’s creations (aka animals, plant life, and everything between the sky and underground) is this very “humanness” – defined by compassion for fellow humans, and respect for mankind.

Our lives now center around economic well-being optimized for individual prosperity at the expense of societal progress.

Professional reflections – My first year of consulting at the Firm

April 22, 2013 1 comment

On May 8, I would have clocked in a full 365 days as a member of the Firm (what is internally referred to as 1+0 in the firm). And it has got me thinking of how my journey has been thus far… so over the next couple of weeks, I will share my reflections from within.

What started out as a dream job has turned into finding my true passion… a calling which combines
(1) working with the best minds to solve some of the complex organizational problems,
(2) pushing for professional excellence with independence respected by others,
(3) realizing the profound ability to connect deeply with clients, and
(4) adding a sense of meaning to my life and those of others around me.

As consultants, there is definitely a strong sense of responsibility to the organizations we serve and also the stakeholders within (employees from the front line to the C-suite, shareholders, customers, suppliers, and regulators included). Few lessons I have learned in the course of solving some challenging topics has been:
1. Do not lose sight of the “human element” in consulting work. This human element approach gets me to a fundamental principle: We should not view a human as an economic unit and then endeavor to find the most economically viable solution viewing all problems from the angle of the economic effect and cost. And the basic premise of “unlimited wants, limited resources” has to be corrected since most of the informed people in the world have realized by now that the resources are ample enough to completely satisfy the basic needs of all.
2. Respect for clients and colleagues. We often take this for granted but it is important to time and again acknowledge the roles each one brings to solving a problem, and their contributions. It is not to discount the fact that some people are difficult to work with but the positive side of that experience is the opportunity you get to master your people skills. Needless to say, there are more people who have been great colleagues/ clients than not so it absolutely is essential to be able to acknowledge their good support/ work and say a simple “Thank you!” every so often.
3. Be aware of your long-term goals and continuously calibrate to stay on track. This is one place where everyone can easily chart their own path independently and with much ease. When I reconnect with peers who joined the firm at the same time, I am yet to find someone who’s had exactly the same path as I did and yet everyone’s reasonably comfortable with the way their path has turned out to be. Speaking for myself, I was fortunate to have found the right mentors and managers that allowed me to decide where I placed my next step on this career ladder.
4. More tenure means more problem solving. Some people have a notion of consulting that as one gets tenured, the farther away one moves from the actual problem solving. That definitely doesn’t seem to be the case at McKinsey. Every client study I have been on, the leadership (Partners and Directors) have been as actively engaged and have provided immense value to problem solving with their continuous insights. Often times, the Director on the study would have had more knowledge about the client organization than the client leaders themselves given their long relationship in serving a particular client.
5. Know your strengths and also your development needs. In the past I would have been hesitant at sharing my “development needs” (aka weaknesses) but at the firm, I have found it so easy to be vocal about that so that people around me can provide me opportunities to better myself on those dimensions. At the same time, it has helped highlighting my strengths (I admit, it’s hard to talk about your strengths while controlling the brag buttons) to be able to help bring those to life in client engagements.
6. Prioritize, prioritize, and prioritize. There is so much you can do at the firm that is beyond the humanly possible limits. As I initially learned the hard way in business school, the firm experience thus far has given me lessons in ‘Prioritization 201’ through which I have found it easy to prioritize what I do at the firm based on two broad dimensions – alignment with my passion, and contribution to my career goals.
7. Manage your time and have control over it. Might sound odd but given my habit of trying to stay punctual (in my world, it means always before time) and the multitasking I end up doing (sometimes of my own choosing), I find it very important to not only manage my time well but also control my time. This is something I observed in a few partners at the firm who come out as being in total control of their time and priorities. One tactical implementation of this principle (sounds silly) is to always schedule one-on-one meetings with colleagues/ clients/ friends as you calling them since you don’t end up waiting for them to call you otherwise.

Education sector in the United States… system going hollow from the inside

April 15, 2013 Leave a comment

I have had different touch points that got me really curious to learn about the education sector here in the United States…
1. My business school work with companies serving in this space offering tools and resources
2. My discussions with people from work (consultants doing pro-bono work in this space, family/ friends working in this sector)
3. My own decision process as a parent of a soon-to-be-schooled kid

My inquiry process started with a simple question on – “How do I find which school district is the best performing in my area?”

Three fundamental problems surfaced…

A. Defining the school district boundary is arbitrary… it changes every few years based on the “subjective judgment” of the education administrators in the government. One prime example: the city of Chicago has one of the largest school districts in the US with a wide range of school performance and demographics. A few years earlier, some of the high-income neighborhoods worked out something whereby there are these pockets of school districts geographically within the large Chicago school district to ensure their high performance is not lost in the averages.

B. Funding and performance is a vicious never-ending cycle… Schools perform better with high funding, funding is high when the property taxes are high, taxes are high when the real estate is high, real estate is high when people are willing to pay more to buy/ rent a property because of the school district, school district is attractive since the school(s) within are better performing. And so the vicious cycle continues. Once a bad school, always a bad school is how it turns out to be.

C. Using technology to improve assessments and align them with the learning development goals… two sub-problems here include schools taking unethical routes to show higher scores (read the recent news article on how the education administrator in Atlanta city colluded with schools to alter student responses to increase scores) and then technology capabilities not sufficient to provide a timely feedback on student performance even though the level of data gathered is the most advanced it can get (e.g., schools collect some amazing level of data on assessments but then it takes almost a year to document that data, analyze it and understand potential implications for student learning plans by when the student has already graduated to the next class).

During my conversations, all that I have heard of work happening in this sector is on problem C which is an enabler problem… but no attention is given to even acknowledge the other two problems (A and B) and then go about solving it. It’s a matter of will I suppose… where there’s a will, there’s a way!

More on what tactical lessons I learnt in choosing a school in one of my future posts.

External article: What RBS and the banks can learn from early Islam

April 15, 2013 1 comment

I recently came across a short article about the economic benefits of an Islamic economic system. This was in Money Week and authored by Dr. Peter Frankopan titled “What RBS and the banks can learn from early Islam“.

It unfortunately takes a non-muslim Historian to point out the benefits of Islamic economics void of overburdening income taxes and interest/debt overhang that drag economies into the abyss.

The disastrous results released by RBS earlier this year were bad from a financial perspective – a loss of £5.2bn in 12 months. But they were even worse morally.

Contained in the 318-page report, and listed in the unfortunately named section “Highlights”, are a catalogue of sins, including fines for fixing Libor, for mis-selling “structured collar products by the cartload and the systemised scandal of PPI [payment protection insurance]”.

If the sentence that follows is not meant as a joke, it is certainly a brave one: “RBS is committed to serving its customers well and helping them realise their ambitions.” Who knew that those ambitions included being ripped off?

Nevertheless, the report does try to seek penance for past deeds. This been a chastening year, it says. A time “to put right past mistakes.” RBS is lucky it was not in the banking business around the time of the birth of Islam – or it would have found things much more uncomfortable than a light grilling by the Financial Services Authority and the series of humiliating fines and provisions. The bankers would not have been losing their bonuses; they’d have been losing their hands.

One of the great secrets of early Islam was the store that was set by justice and on fairness in commerce. It was significant that the spiritual revelations delivered to Muhammad promised a new way of doing things, a way that protected private individuals as well as businesses from being exploited by those with access to credit. Of particular concern was the issue of the principles of lending money – a topic that appears repeatedly in the Koran.

The customers of RBS and the other banks implicated in the current scandals would recognise the sins that Islam’s holy book warns about. Those who set out to exploit their customers by excessive borrowing charges are no different to “those controlled by the devil”, records the Koran.

Read more…