how to build a successful career - a practical guide
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A practical guide for someone starting a career in the corporate world.TRANSCRIPT
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How to build a successful career: A practical guide
© Achal RaghavanStrategy & Business Excellence Consultant
Bangalore, India
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Contents
� Introduction
� Globalization – what it means to you
� Know your organization
� Know yourself
� Sum up
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Introduction
� This is a practical guide for someone starting out in the corporate world
� Based on real-life experience
� A road-map
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Globalization –what it means to you
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Global markets
� The customer is getting more dominant – over companies and countries
� “Nationality” of a product is getting more blurred & less important
� Markets are becoming global – through interlinked economies
� The world is not (yet) flat – but “semi-globalized”
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What is “globalization”?
� It is “blurring / eliminating / transcending boundaries”
� It is “fungibility” - i.e. interchangeabilityand freedom of movement - of managerial resources:
� Money
� Technology
� Equipment
� People
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What does that mean for you?
� You have to develop a global mind-set
� You need to be sensitive to cultural differences
� You have to integrate
� You need to become a team-player
� You need to get comfortable with change
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Developing a global mind-set
� Open-minded� Non-judgmental� Comfortable with diversity� Interested in history, geography & global phenomena
� Risk-taking capability� Abstract thinking� People management
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Need for cultural integration
� Global business brings together people from different cultures
� Need to collaborate, to succeed
� Cultural boundaries are not just national boundaries – e.g. India = 25 cultures
� Cultural integration critical for success
� Case: Daimler – Chrysler merger
� Failed due to cultural differences
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Cultural diversity and integration: a challenge
“Indian”
“German”“Japanese”
“American”
•What do these labels mean?•How do you make people work together as a team?•What is your cultural orientation?
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Cultural integration
� Get comfortable with diversity in workplace
� Avoid snap judgments
� Build relationships based on professional respect
� Put “team” over “me”
� Evolve result-oriented team culture
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Know your organization
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Understand company DNA
� What are its core values?
� What is its attitude to growth? � Slow and steady?
� Aggressive?
� Who makes / influences the decisions? How?
� What are its basic processes?
� What are its limitations?
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Organizational culture
Behaviour
Attitudes, beliefs,value systems,tradition
Visible
Underthesurface
90%
10%“The Iceberg”
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Organizational culture
� Do not go by first impressions
� Remember the “iceberg”
� Look for the “unsaid”
� Gain acceptance
� Then exert influence
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Know yourself
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The path to progress
� Find role that matches your natural strengths
� Do justice to your role� Meet commitments
� Volunteer
� Keep learning
� Be a “team member”
� Earn your progress
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The Manager: a “mind map”
Manager (You)
Passion /
Mission in life
Rational vs.
emotional
“Find a balance”
“Defining moments”
“Role clarity”
“Communication /
Alliance-building”
Stakeholders (customers,
employees, shareholders,
suppliers)
Image
(Johari window)
“What is my mission in life?”
“Owner vs. manager”
Developed by Prof. DVR Seshadri & Achal Raghavan
Know yourself!
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Business ethics
� Ethical dilemmas - an integral part of corporate life
� More acute as you go higher up
� “Defining moments” – created by your decisions and actions
� You need a “code” - and a framework
� Remember – all it takes is one bad fall
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The corporate ladder –and your “centre of gravity”
� As you climb, it feels great!
� You can achieve a lot of things
� Make a difference to the company
� Money and power !
� Lonely at the top
� 24 X 7 X 52
� Work / life balance
� Stress
� Risk and reward go together
•You have to find your “centre of gravity” - where your job and your capabilities match at that stage in your career• A higher position requires a broader base (of capabilities)
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A recap
� Get ready for a globalized work-place� Global mind-set� Cultural integration
� Know your organization� Company DNA� Organizational culture
� Know yourself� The manager’s mind map� Ethics� Your “Centre of Gravity”
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Sum-up
� Play to your strengths
� Do what you enjoy; the money will follow
� A career is a marathon
� Sustain your motivation and energy
� Avoid burn-out
� Nurture your human relationships
� Stay in touch with yourself
� Keep a sense of balance
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Thank you and good luck!