Wednesday, 10 February 2016

“Career Challenges and Opportunities for Middle-aged Professionals (Gen X)” ―Professor M.S.Rao









“It's not what you achieve, it's what you overcome. That's what defines your career.” ― Carlton Fisk


Each generation encounters a specific set of career challenges. For instance, the Gen Y feels that lack of experience is an obstacle; Gen X is beset with family responsibilities and challenges; and Baby boomers feel the challenge of reinvention due to rapid growth in technology.  In this post, let us address the career challenges for middle age professionals who are mostly Gen X sandwiched between Gen Y and Baby boomers, and are caught between the highly intelligent and ambitious Gen Y and experienced Baby boomers who hold on to their fort. 

The middle-aged professionals often crave for second careers having explored their first careers. They crave for change to provide meaning to their careers and lives. At times, they don’t find any clarity in their career goals. Added to their woes are family responsibilities, children’s education and health aspects. At times, they have to sacrifice their career opportunities for the sake of their children’s career and settlement. They are in the transition stage which is very crucial either to make or break in their careers. 

Middle age is also an opportunity to focus on your passionate areas and charity activities if you are relieved from financial and family responsibilities. Some professionals pursue incompatible career goals in their initial career stage due to constraints and money requirements. Hence, it is an opportunity for them to start second innings on a clean slate as per their wishes and desires. It also helps reinvent and rebrand themselves as per the changing times and technologies. They can also participate in nonprofits to make a difference to the society. They can blend and leverage their experience to chart further course in their careers. Hence, the middle age is both a challenge and opportunity. It all depends on how they perceive and convert their challenges into opportunities to fast-track their careers.


“If the career you have chosen has some unexpected inconvenience, console yourself by reflecting that no career is without them.” ― Jane Fonda



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Read my ‘Vision 2030 One Million Global Leaders’ URL: http://professormsraovision2030.blogspot.in/2014/12/professor-m-s-raos-vision-2030-one_31.html  


Life is great!

Professor M.S.Rao, India
Founder of MSR Leadership Consultants India
Recipient of 10th International Prestigious Sardar Patel Award―2015
Blog: http://professormsrao.blogspot.com
Blog: http://professormsraoguru.blogspot.com
Global Top Gurus 30: http://www.globalgurus.org/leadership/upcoming.php
21 Success Sutras for Leaders: Top 10 Leadership Books of the Year (San Diego University) Amazon URL: http://www.amazon.com/21-Success-Sutras-Leaders-ebook/dp/B00AK98ELI




Thanks for reading!

Kindly share your thoughts and comments below, I’m sure someone out there will find your story useful.



Copyright©2016 MSR Leadership Consultants India. All Rights Reserved. Reproduction in whole or in part without permission is prohibited.

This is a nonprofit blog to share Professor M.S.Rao’s passion and vision to build one million students as global leaders by 2030. Please don't cut articles from my blog and redistribute by email or post to the web. The use of this material is free provided copyright is acknowledged and reference or link is made to the Blog http://professormsraovision2030.blogspot.in.  This material may not be sold, or published in any form, or used in the provision of business services to a third party without permission.



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Monday, 8 February 2016

“Film Stars must Reinvent their Careers to Avoid their Extinction” ―Professor M.S.Rao








“I am not a product of circumstances. I am a product of my decisions.” ― Stephen Covey


Some people achieve career success quickly while some achieve it slowly. There are some people who encounter career stagnation leading to extinction. There are a number of reasons for such career stagnation and extinction.

People often explore the same trend in which they are successful. What made them to be successful might not be successful to reach their next level because the tools and techniques to reach each career stage are different and they must be customized.

When you look at successful film stars they explore playing new characters from time to time. They experiment regularly and work hard to get into the role of each character in each film resulting in coming out of their comfort zones. They slog very hard to prove themselves in each different character. The audience doesn’t get bored as they see their favorite film stars in diversified roles and characters. The audience also appreciates versatility. In this way, film stars are able to unlock their full potential and gradually carving a niche for themselves due to constant exploration and experimentation. Hence, to avoid career stagnation and extinction, it is essential to explore different areas from time to time and reinvent to stay relevant and beat competition.


Take Inventory of Your Inborn Talents

Take inventory of your strengths and weaknesses. List out your gifts to convert them into cash. For instance, I am strong in teaching, training, authoring, and research and consulting. I read a lot and gather information. I have the ability to convert the information into knowledge and synthesize with my 35 years of diversified experience. I author books on leadership. I am strong on social media with a reasonable number of followers. Hence, I blog articles in my area of interest and share them with the world free. In this way, I make a difference to the world and make my presence felt globally. Similarly, you must find out your inborn gifts and channel them in a right way to fast-track your career and build your brand globally.


Focus Horizontal and Vertical Career Growth

People often emphasize either on horizontal career growth or vertical career growth. What they must do is to emphasize both horizontal and vertical career growth simultaneously. It calls for crafting a career vision. When you choose your career in the initial stage, you must set your vision keeping both horizontal and vertical career growth in view. Then you must invest your efforts consistently and work hard relentlessly. Build your network accordingly to explore career opportunities. If you find that you face a challenge in your career, take a sabbatical to recharge your batteries to chart a new course. Approach experienced professionals or career consultants to seek guidance to set your career straight.  


Conclusion

When you look at Mark Zuckerberg, Bill Gates and Liz Wessel, they planned to enter into boardroom when they were in classroom by following their heart. Jesse Kaplan did the same in his Harvard dorm.

Monotony in the workplace often leads to frustration. Monotony in your career often leads to extinction. Ensure that your workplace is quite challenging and your career is exciting.  To conclude, craft your career vision; build connections; explore opportunities; reinvent your career tools and techniques; and raise your bar constantly to fast-track your career.


“As long as habit and routine dictate the pattern of living, new dimensions of the soul will not emerge.” ― Henry Van Dyke




If you like this article, Like and share Facebook Page: https://www.facebook.com/pages/Professor-MSRao/451516514937414


Read my ‘Vision 2030 One Million Global Leaders’ URL: http://professormsraovision2030.blogspot.in/2014/12/professor-m-s-raos-vision-2030-one_31.html  


Life is great!

Professor M.S.Rao, India
Founder of MSR Leadership Consultants India
Recipient of 10th International Prestigious Sardar Patel Award―2015
Blog: http://professormsrao.blogspot.com
Blog: http://professormsraoguru.blogspot.com
Global Top Gurus 30: http://www.globalgurus.org/leadership/upcoming.php
21 Success Sutras for Leaders: Top 10 Leadership Books of the Year (San Diego University) Amazon URL: http://www.amazon.com/21-Success-Sutras-Leaders-ebook/dp/B00AK98ELI






Thanks for reading!

Kindly share your thoughts and comments below, I’m sure someone out there will find your story useful.



Copyright©2016 MSR Leadership Consultants India. All Rights Reserved. Reproduction in whole or in part without permission is prohibited.

This is a nonprofit blog to share Professor M.S.Rao’s passion and vision to build one million students as global leaders by 2030. Please don't cut articles from my blog and redistribute by email or post to the web. The use of this material is free provided copyright is acknowledged and reference or link is made to the Blog http://professormsraovision2030.blogspot.in.  This material may not be sold, or published in any form, or used in the provision of business services to a third party without permission.




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Thursday, 28 January 2016

“A Blueprint to Build Your Global Business Empire Successfully” ―Professor M.S.Rao







“If you don't build your dream, someone else will hire you to help them build theirs.” ― Dhirubhai Ambani, Against All Odds: A Story Of Courage, Perseverance And Hope


It is a well-admitted fact that some businesses succeed while some fail miserably. There are a number of reasons for both successful and unsuccessful enterprises globally. In this regard, we will discuss some sutras and strategies to build your global business empire successfully.   

To build a successful business empire, you must have a blueprint with vision and viable execution. It is essential to ensure alignment of your products or services, customers, financial institutions and above all, employees. It is ideal to follow the philosophy of ‘employees first, customers second and shareholders third’ to last your business empire beyond your lifetime. 


A Blueprint to Build Your Global Business Empire

"Ideas attract money, time, talents, skills, energy and other complementary ideas that will bring them into reality." ― Mark Victor Hansen

The business leaders must find out the products and services that will be in great demand in future. They must see whether there is longevity for those products and services. They must approach financial institutions who can provide capital with low rate of interest, and be with them during the test of time. They must hire the right people for the right posts emphasizing organizational culture because organizational culture brings the people together and connects them emotionally into one platform. When you look at Alan Mulally, he created ‘One Ford’ slogan and connected all employees emotionally to turnaround Ford. Once there is a healthy organizational culture, it is easy to motivate employees to produce goods and services as per the tastes and temperaments of customers and clients.

Peter Drucker once remarked, “The purpose of a business is to create a customer.”  Hence, the business leaders must create customers and clients for products and services. They must reinvent regularly to keep pace with the rapid changing business environment. In this internet world, more competitors come up quickly to copy and start the business. Hence, the business leaders must develop niche areas to stand out from others. They must regularly create new products and services with an emphasis on innovation. Apple is an inspiring example for innovation. It stood out from other global companies because of innovation. It could beat cut-throat competition due to constant innovation. B. C. Forbes rightly remarked, "If you don't drive your business, you will be driven out of business."

During the course of execution of strategy, the business leaders encounter lots of challenges internally and externally. It is essential to have alternative plans ready to resolve them. The internal challenges can be handled easily while the external challenges cannot be predicted but must be handled with patience and perseverance.


Agility and Adaptability

“The competitor to be feared is one who never bothers about you at all, but goes on making his own business better all the time.” ― Henry Ford

Competition is cut-throat globally. Customers and clients are demanding more than what they pay and deserve. Hence, it has become a big challenge for businesses. To beat competition, the enterprises must be agile and adapt to the business environment. They must constantly change their strategies, and tools and techniques to do business because what worked in a particular scenario might not work in another situation. They must be ahead of the race. And to stay ahead of the race, they must keep an eye on the developments, and do research regularly and anticipate the expectations and aspirations of the customers. Only then will they be able to survive and succeed in the current dynamic global scenario. Several companies became obsolete as they failed to anticipate the developments and adapt. Hence, business leaders must make a note of these aspects while doing business.  


Conclusion

Jack Welch once remarked, “Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion.”  Set a vision and execute it effectively. Emphasize on strategy and culture. Manage internal and external challenges successfully. Learn, unlearn and relearn with the changing times. To conclude, there is no one-size-fits-all blueprint to build a successful business empire globally. This is a basic blueprint to build your business empire. You can customize it depending on the size, scale, type of industry and country you do your business. Good luck to building your successful global business empire!


“If you build that foundation, both the moral and the ethical foundation, as well as the business foundation, and the experience foundation, then the building won't crumble.” ― Henry Kravis



If you like this article, Like and share Facebook Page: https://www.facebook.com/pages/Professor-MSRao/451516514937414


Read my ‘Vision 2030 One Million Global Leaders’ URL: http://professormsraovision2030.blogspot.in/2014/12/professor-m-s-raos-vision-2030-one_31.html  


Life is great!

Professor M.S.Rao, India
Founder of MSR Leadership Consultants India
Recipient of 10th International Prestigious Sardar Patel Award―2015
Blog: http://professormsrao.blogspot.com
Blog: http://professormsraoguru.blogspot.com
Global Top Gurus 30: http://www.globalgurus.org/leadership/upcoming.php
21 Success Sutras for Leaders: Top 10 Leadership Books of the Year (San Diego University) Amazon URL: http://www.amazon.com/21-Success-Sutras-Leaders-ebook/dp/B00AK98ELI




Thanks for reading!

Kindly share your thoughts and comments below, I’m sure someone out there will find your story useful.



Copyright©2016 MSR Leadership Consultants India. All Rights Reserved. Reproduction in whole or in part without permission is prohibited.

This is a nonprofit blog to share Professor M.S.Rao’s passion and vision to build one million students as global leaders by 2030. Please don't cut articles from my blog and redistribute by email or post to the web. The use of this material is free provided copyright is acknowledged and reference or link is made to the Blog http://professormsraovision2030.blogspot.in.  This material may not be sold, or published in any form, or used in the provision of business services to a third party without permission.
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