What prompted me to write this post was a discussion on a Linked In group about the role of ‘Chief Inspiration Officer’ in an organization in inspiring employees and creating an engaged workforce. The fancy title caught my attention and I followed through the discussion. As always, the discussion had people with different viewpoints. While some thought that this is absolutely the ‘wave’ of the future, others were not very optimistic about the prospect for such a title. However the objective of writing this post is not to elaborate on the role of ‘Chief Inspiration Officer’. I will instead talk about the need for employee engagement at work.
It is a well accepted and often reiterated statement that for any business to be successful, it should be able to successfully execute its business strategy, not only once, but over and over again. To be competitive in the long run, every business needs to repeatedly do something that appeals to its customers. It also needs to possess some unique resources that continue to give the business an edge over its competitors. Such competencies and resources that are valuable, rare and inimitable render a sustained competitive advantage to an organization.
Though most organizations claim that their people are the source of their competitive advantage, but we know for a fact that only a few organizations succeed in effectively leveraging the intellectual capital and unique abilities of their employees to achieve extraordinary results. Creating and delivering value on a sustainable basis, calls for the presence of engaged workforce in an organization.
What does ‘Employee Engagement’ mean?
Employee engagement is defined as: ‘employees willingly contributing to the work while putting in intellectual effort, experiencing positive emotions at work and making meaningful connections to others at the workplace [[i]]. Read more
The “Aam Aadmi Party (AAP)” revolution in India led by Arvind Kejriwalhas caught the attention of the entire country so much so that the onetime poster boy of the media – Narendra Modi- has been swept off the media pedestal. As per the AAP spokesperson Yogendra Yadav, people have voted for AAP for 3 reasons viz. clean politics, good governance and anti- corruption. Very true!
Narendra Modi’s agenda has included these two themes along with economic development as a part of his election campaign. Arvind Kejriwal is being touted as the 3rd alternative for the Prime Minister’s post so much that a national newspaper has reported today that Modi has pressed the panic button fearing the AAP wave.
What does the country need now? Given the precarious economic scenario that we find ourselves in, economic development is very important for our country. Our GDP growth rate has fallen to sub – 5% levels from the 9% levels we were in a few years back. However, the country has been severely shaken by the numerous corruption scandals in the last few years and historically corruption has been rampant in this country ever since our independence. Read more
In a verdict yesterday, the Delhi High Court allowed the Comptroller and Auditor General (CAG) of India to audit the accounts of private telecom companies under the Telecom Regulatory Authority of India (TRAI) Act.
This his kind of ruling was unthinkable even a few years back as CAG was and is still largely seen as an auditor of companies owned by the government.
As natural resources such as spectrum, gas/oil fields, coal, etc cannot be easily priced, the government has a big stake in these sectors and many of these companies that are involved in the production sharing of natural resources or profit sharing from natural resources enter into a public-private partnership (PPP) with the Government of India, so it appears logical that industries and sectors that deal with precious natural resources come under the ambit of CAG.
CAG doing audit of such private companies will have the several ramifications on the overall dynamics of the industry.