Sunday, September 19, 2021

ORGANIZATIONAL GURU – SWAMI VIVEKANAND

 In India social management is in existence since inception of the universe. 

Swami Vivekananda to mark his 157th birth anniversary.

 Swami Vivekananda Narrate all type of Management by being faced by human life. In ancient Bharat Shri Ram is  described as Avatar of God and his management today is known as “Ramraj” similarly Krishna without any major force  of self conquered most powerful dignities of his time.

Swami Vivekananda had great management capacity He emphasized for management in all spheres of lifeof human being Just like a artist moulds and provides a statue the accurate and precise shapes, what he intends to. Similarly thou can intelligently establish big organization, by your planning,  leadership and controlling.

Organizational & behavioral science is an essential part of discussion in current era. Organizational pandits and scholars understand the approach of Vivekananda. 

Swami Vivekanandji views are helpful on personality development and he has great management capacity. Swami Vivekanandji, the nationalistic and innovatory monk of Bharat visualized strength, confidence and positive attitude in the human personality as well as in an organization.

Management is a multipurpose organ that manages a business and manages managers and manages workers and work.  Peter Drucker views that management has four basic functions – planning, organizing, leading and controlling. From life of Swami Vivekananda  we can learn many supre concept.

Swami Vivekananda was proficient in motivating subordinates. In 1895 in London, Swami Vivekananda  had a public lecture. he suddenly announced that Swami Saradanand would deliver the lecture. Saradanandji did an excellent job on that day, Swami ji was not only an motivating guru, but was also a very practical one. He constantly endeavored to empower all those around him.

Swamiji had chosen ‘facilitate and empower’ viewpoint over ‘control and command’ Faith plays an important part in the process.Swamiji while encouraging his followers to the uppermost levels of work had the fullest faith in them and their capabilities. His many letters to his disciple reflects Vivekanandji interpersonal and organizational skills and the ability to motivate people and develop organization.

Sister Nivedita met Swami Vivekananda in 1895 in London and travelled to Calcutta in 1898. Vivekananda initiated her into the vow of Brahmacharya on March 25, 1898. Swamiji wanted that under her care, the women of India specially in Calcutta be looked after to improve upon their health and education. She did kept her Guru's wishes.

To introduce Sister Nivedita to the local people, in his speech Swami Vivekananda said – "England has sent us another gift in Miss Margaret Noble.

His urge to motivate people around him to aspire for higher levels of performance can be seen from this letter of his to his direct disciple Swami Shuddhananda in 1897. He writes, “…lastly, you must remember I expect more from my children than from my brethren (his brother disciples). I want each one of my children to be a hundred times greater than I could ever be. Every one of you must be a giant — must, this is my word. Obedience, readiness and love for the cause — if you have these three, nothing can hold you back.”

This also shows Swamiji’s interpersonal skills and the ability to motivate and develop people.

We can say that Swami Vivekananda Slogan, “Arise, Awake and stop not till the goal is reached” was nothing but an effort to achieve organizational goals.

Swamiji establish Ramakrishna Mission and the Ramakrishna Math in 1897 . One of the oldest organization in world.  The rules and regulations governing the organization which contain its aims and objectives, and the activities it carried out indicate the role it played in strengthening the emerging national consciousness in Bharat. And it is brilliant example of  organizational planning, smoothly working even after 100 year of establishment.

The management principle of equity often occurs in the core principles of an organization and we know that Swamiji treat all human equal.

 This can be derived from his world famous dialog “My sisters and brothers of America”. He consider all human are equal and one.

Swami Vivekananda motivated create great leaders too. Sahid Baghat Singh, Subash Chandra Bose, Mahatama Gandhi and First Presedent Sarvpali Radha Krishnan, First Prime Minister Jawahar Lal Nehru and our current Prime minister Mr. Naerndra Modi all are inspired from Swami vivekanand. Pt. Jawahar Lal Nehru has had devoted 11 pages on swami Vivekanand in his  book “Discovery of India”.

Vivekanand ji no doubt has left behind an enormously positive legacy – not just an organization  that any country can be honoured of, but also consecutive generations of positively charged up young folks who faith and share his memo and dream.

Management have many teachings to inspire from Swamiji. Our latest fashion in management is of globalisation. Today our government is trying to make local brand in Global Brand, What swami Vivekanand wish hundred year ago

Swami Vivekananda once travelled from Japan to Chicago with Jamshedji Tata. Jamshedji Tata was sailing for International Fair and Swamiji was heading for participating in the World Parliament of Religions. Swami Vivekananda inspired Jamshedji Tata to not to go for imports. He inspired him to start industry in our own country so that we can give employment to our country men got job and by export country will gain financially. He also gave him inspiration to  start Indian Institute of Science at Bangalore.

The visionary Vivekananda had two separate visions — one national and the other global. At the national-level, his vision was to uplift the Indian masses materially, with the help of an education that was tempered with the flavour of Indian spiritual heritage. He expressed his global vision in the World Parliament of Religions in one of his speeches on Hinduism as the concept of a universal religion. He said, “It will be a religion which will have no place for persecution or intolerance in its polity, which will recognise divinity in every man and woman and whose whole scope, whose whole force, will be created in aiding humanity to realise its own true, divine nature.” And this vision is more relevant to the world than ever before

 Vivekanandaji was very open minded, broad-minded and  modern and that also a centaury back. He was far ahead  of time. And these are qualities of good leader's  perspective's and that is why Federico Mayor, the Director General of UNESCO said ‘when I went through the constitution of Ramakrishna Mission, that was drawn by Swami Vivekananda in 1897, I was surprised to see that that Constitution was exactly similar to the Constitution drawn up by the UNESCO in 1945.

We have to give emphasis on values. Not only profit, but the method in which we are making that profit. Swamiji opines about the value-based management that if one really wants to succeed, one must have trustworthiness. Now days all discuss about corporate responsibility, which has become the need of the hour. 

Swamiji spoke about this social responsibility and corporate responsibility centuries ago. The attitude and the roots of trusteeship management are all in our scriptures.

The management principle can be used to manage organizations and its useful tools are forecasting, planning, process management, organization management, decision-making, coordination and control.

Although they are obvious, many of these matters are still used based on common sense in current management practices in organizations. It remains a practical list with focus areas that are based on Swami Vivekanand views. Which still applies today due to a number of logical principles.

Swami Vivekananda who believed that spiritual culture should lead material culture. He motivate managers and students in several seminars and propagates the importance of Vedic ideas for effective management. With the soaring stress levels and the competition getting stiffer with every passing day, the management principles need to be reinvented to get one’s act together. That is where ‘spiritually energized servant leadership’ comes into play.

Wednesday, March 3, 2021

Reasons to Trade Currency Options

 

Interesting comparison with Bank Nifty & Nifty

 Interesting comparison with Bank Nifty

Here is Bank Nifty top 5 and their % weights

Bank Nifty

  1. HDFC Bank Ltd. 35.2%
  2. ICICI Bank Ltd. 18.5%
  3. Kotak Mahindra Bank Ltd. 13.2%
  4. Axis Bank Ltd. 10.1%
  5. State Bank of India 8.7%

Top stock is 35% of it. Top 2 which are very correlated is 53%. Top 3, again highly correlated are 66%. I need to be really out of my mind to call this an index. This is betting on HDFC for all practical purposes ๐Ÿ™‚

I heard SEBI is going to restrict the weightage of one stock in an index to 25%. So may be soon, this is will somewhat be an index. May be

Nifty

  1. HDFC Bank Ltd. 10.3%
  2. Reliance Industries Ltd. 9.7%
  3. Housing Development Finance Corporation 7.3%
  4. Infosys Ltd. 6.6%
  5. I T C Ltd. 5.5%