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The Future of Work

About 2 years ago I had written an article about Future of work for a contest by HCL technologies.

Today with advent of companies like Gigster , it seems the vision is shaping up.

Reproducing the article again,More updates coming soon

Never before have we been at a verge of change so drastic that it can sound scary.

Let me explain by asking two questions.
Where do you think the world is heading?
How will the offices and companies of future look like?

To answer these things we can simply look towards key trends

1. Digitization of work: With advancements in computing power more and more work is being digitized and broken down into smaller pieces. This has enabled organizations to break big complex problems to smaller and now tiny micro problems, which can be solved simultaneously by a crowd of people.

2. Super Specialization: The new world is moving slowly towards super specialization in narrow areas. As we discussed in the last point, work will be divided into smaller chunks and these chunks would now be assigned to individuals who will be super specialized in a very narrow area of work. Yes it does sound like a typical production line model but it is slightly different because now the super specialization would be self-selected and less rigid.

3. Mobility: The world will and already is becoming increasingly mobile. Employees will work from home much more and geographies would become irrelevant. We are moving towards a One-world system. Traditional global organizations followed the mantra “Produce where it is cheapest and sell where it is most profitable”. Now this will change to include “Hire where there is talent”

4. Freelancing the new order: With super specialization in place it might no longer be viable for companies or even for employees to stick together. Contract based assignments will no longer be an alternative way of employment but rather become the preferred way. A big shift that we might see is that many freelancers might come together for projects to form a temporary unit, which can be viewed as a short-term company. New Laws might also come in place to manage these new kinds of companies

Implications

So what does that mean for companies?
1. Death of Onsite: Though it sounds outrageous, this might be a very near possibility. As more and more employees become mobile, offices might reduce to data centers and support service providers for collaborating employees. Sending people at onsite location might become irrelevant. Most collaboration would happen via tools such as Video Conferencing

2. Skill Matters not the Experience: Since now teams will start forming democratically in the world of freelancing, skill will become much more important than number of years of experience. As we have already seen on places such as codeplex, the most influential coders and project leads can be anyone even 15 year old kids

3. Companies as talent Management Agencies: Existing Companies will become much more of collaborators and platforms rather than just owners of the work. Primary responsibility of companies would be business development and coordination of disparate units.

How will the companies survive?
1. Infrastructure: Companies need to accept this change and be ready. The biggest challenge these companies now face is how to make it’s workforce mobile and flexible. Investments in infrastructure would be required. Companies that fail to ride this wave of change might perish

2. HR practices: Employees will be mobile and comprise of many contractors who would be associated with multiple companies. Managing their expectations would be the biggest challenge

3. New Managers: The new manager would have to be a collaborator. Someone who can handle disparate large teams spread across the world. The key characteristics of a manager would be less of leading people or growing talent but more of fostering communication and collaboration.
And yes managers would have to be tech savvy and ahead in technology curve. They will need to be the first ones to change and adapt rather than last. The new market will not forgive managers who take ages to embrace change.

Yes the changes might first occur in IT sector that but does not mean that it will be the only sector affected. Every sector including RnD will see massive shifts .The world is changing and so will the companies

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Video: Valedictory Speech at Indian School of Business

This is the Video of my  Valedictory speech at ISB. A Valedictory speech is like a farewell speech or a graduation speech given on last days of school or college. 

 On almost the last days of my School Life at Indian School of Business at Hyderabad , I had given a valedictory speech which was very well received by many. It was a great humbling moment for me(Some people in audience gave a standing ovation, possibly one of the best feeling you can ever have:). So here is the video for that speech. The text of valedictory speech is already available on my site.

The text maybe slightly Different from what I spoke on stage (impromptu edits on stage while speaking :))

Feel free to switch on Captioning on youtube to see the text while listening.
[youtube http://www.youtube.com/watch?v=yAgJyLhR4Ac]

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Indian School of Business Valedictory Speech

 
This is the full text and Video of my  Valedictory speech at ISB. A Valedictory speech is like a farewell speech or a graduation speech given on last days of school or college. 

 

I was very confused on what to speak about,I could not figure out

So let me first tell you what I will not speak about

I will not speak about how lovely the campus is or lovely friends we made, how this was the best year of our life and how we are missing things already . I will also not speak about any scandals and there will be no mention of any specific incidences

But

This is not a rant of an idiot, but a reflection of realizations, that some of us have had. Some of the experiences are mine and some I observed while interacting with other people.I do talk to others you see…contrary to popular opinion

 

I learnt that the best people could be the ones who seem worst initially

and the worst,..or let me be politically correct..Second best could be the ones who seemed to be awesome

 

I learnt that you should not judge people quickly

and that everyone has some unique skill or knowledge that can leave you awed ..awed not awwwww

 

I learnt that you cannot judge a book by its cover

though a good cover could help you charge a premium

 

 

I learnt that halo effect exists, and to break it

all it takes is taking that first step

 

I learnt that it is OK to question everything

But not EVERYTHING man… come on..CP Kings and queens

 

I learnt that there may not be right answers

just right decisions

 

I learnt the importance of groups

and that a team is always better than an individual

even if there are free riders and constant naggers

 

I learnt that it is good to free ride sometimes, it is actually uplifting , it helps you puncture your bloated ego

and that you need to let some people free ride to return the favor

 

I realized that free riding can be fun too

especially if you have a deans list hopeful as your group member

My official apologies to some of my group members

 

I learnt that arguments do help

and when you want to kill someone because they are not getting your point of view, that is the moment you are learning

 

I learnt to look at things from a different glass

think with a different cap.

And agree to points for which ,I felt as if  I  was betraying myself


I learnt that it is easy to criticize anything, a company a school or an individual–Faffing works

And so it is to find the positive side of things

 

I learnt that most cases are written only in hindsight

but on the field it may be just a battle of wits , courage and resolve

 

I learned that it is so easy to strike a chord with some and too difficult with many

and that  beautiful girls are not arrogant–some of them are..Half of the men in the audience are saying ” Haan beta , angoor khatte hain”

 

I realized that stupidity knows no boundary

but you can be stupid enough to not identify the sheer brilliance behind it

 

I realized that sometimes you need to force yourself into pictures

but it never works

 

I realized that core groups are important but not mandatory

and that groups change

in the blink of an eye , before you could ask, “Lets catch up for coffee”

 

I realized that it is sometimes important to shout to be heard

but people who shout  always are usually never respected

I felt what rage feels like when someone who got our dream job

says..heck I didn’t really want this..will not join–You scumbags

 

I realized that corruption in the given scenario can be good

I learned how to look at things objectively without putting a  moral code on them

 

I realized that meeting  your best friends is not dependent on time

you can find your best friends and even soul mates at the very last day of school–there is still hope

 

I realized how much fun it can be to dance on stage even with two left feet

and that there is something called a supportive audience

and that practice is also fun

Even when you are not sure if you would perform

 

I realized you can overcome your fears one at a time…

just don’t take them all at once

 

I realized that there are people who do help others

because they actually enjoy it..salute to you guys

 <ask for applause>

I realized that it is OK to ask for applause

it massages you ego, wakes up the audience and is better than cold calling

 

There are volunteers who work for respect and not awards and positions

there are people who can look beyond the obvious

 

I realized that not getting anything from a lecture is almost always your fault

And in class how awesome it feels to be in presence of sheer brilliance

 

I realized the futility of asking an intelligent question to someone who invented the concept

and debating  a paragraph with the book’s author

 

I realized that the learning is not in the numbers and the case outputs

but the change in the way you think

And that this is difficult to measure

and hence  I decree that “ grades do not reflect your true  potential….”

 

I realized that I can pass on any decree and there will be some people who might fall for it

and that 80% of the facts and figures are just made up

 

I realized that one of the best person to know is always sitting next to you

and that it would be unwise to not say hello..

I realized that some people always start projects with the enthu equivalent to someone who is about to change the course of history by going back in time and killing Hitler or starting a family on mars or is about to reveal that He is Batman

But

Most never finish or just fizzle out.

 

I realized that an approach to start slow and build the momentum can be much more stable and successful.

As they say..they key is in the foreplay

 

I realized what conditioning and Anchoring is when the food outside campus suddenly feels cheap

When you are ready to spent for a room’s rent an amount equivalent to a full 2bhk house you lived in before

 

I realized that you can survive without sleep for at least 32 hours

and there is no assignment or a project that a night out cannot finish

 

Add a few group members and you could be done by dinner…

but again you will spend the night fighting over how it can be improved….children

 

 

I realized that things change but somethings do not

Like tea ..Always helps you stay awake in class

and sleep which even when pushed to limits keeps bouncing back

and that it is almost impossible to be happy when your closest friends are not

and that you can always sit and start singing cheepda songs and attract a good crowd

and that all of us are going to miss something..which we will know when are gone

Madhur Chadha


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ISB admission, tips and suggestions for your essays

Disclaimer: All views expressed in this article are Mine and neither validated or endorsed by ISB. This is a personal blog where I list my personal experiences and viewpoints

As a current student of ISB (Indian School Of Business) I have been approached by many friends and acquaintances  about ISB application process ,essays and the new 2 minute Video. I have given the same suggestions to all of them and hence for benefit of perspective students putting it out here also.These are generic tips and possibly you already know them but still —People falter

Your Story Matters: I personally believe that your essays and CV, irrespective of what the essays questions are , are a means of knowing what’s your story. Your essay should answer the following questions

1. Why are you telling me that?: If you are talking about your work or your experiences , why do you want to talk about it? “Worked for 10 years in XYZ” means nothing.The question is also about why is it important? What skills are you trying to portray

2.So what?: This is a question of impact, if you led a team of 10 people the followup question will be So what? Why is that worth mentioning?, what did you do with it? Were you the youngest manager? Was that a big team as per your company standards?

3.Is it relevant for an MBA: Possibly the most important aspect for any resume or an essay.Remember your end goal, getting into an institute. You should be very clear on why does your skill set make you a better candidate for a management program?. You should be talking about various facets of your personality. If you were a kick ass programmer, no point just talking about all the awesome codes you may have written.Yes it is important to showcase that you were one of the best coder in your company but do not keep talking just about that. You have limited words, use them judiciously ,talk about leadership skills,talk about cross cultural experiences you might have had, team dynamics or even personal non-coding successes.If your CV and Essays just showcase you as an Awesome coder, you better be an awesome coder .Why get into an MBA?

4. Do the Dots connect: In your essays and CV you will highlight various aspects of your personality and your work. Now check if the dots connect? Is there a logical progression ? Ok so you want to be an entrepreneur ?Why? Why now? What have you done about it till now?You want to get into marketing from IT? What do you know about marketing?What have you done about it?.

Consistency has to be maintained. If you talk about starting your own company while your Goals talk about joining a BIG consultancy company and becoming a partner , it makes no sense. It is Ok to not wanting to be an entrepreneur, just writing this statement in your résumé will not give you any brownie points. Be clear what you want and why you want. It is surprising to see how many people miss this part.It seems intuitive but still people tend to falter

5. Still want an MBA?:And at the very end , everything that you spoke about , does that show a logical progression towards  management education? If not , you have a problem.Think hard on why are you applying in the first place? Getting into ISB is an expensive deal and will definitely put a lot of financial burden on most of you. You will need to pay huge EMIs to pay back education loan for many year to come. So introspect , the clearer you are on why you want an MBA , better it is for you and better are your chances

 

Some quick Tips:

1. Avoid vague statements, quantify things

2. Show multiple facets of your personality

3.Do not talk about Social work that you started a month before application deadline.Basically do not try to showcase NGO experience which very evidently looks like being done for putting into your résumé

4. Check for consistency

5. Be honest: even if you make it to the shortlist, interviewers will see through it

 

In the end, though stressful, application process is a big learning opportunity. You will do a lot of introspection and answer a lot of questions about what you want to be.You possibly will also need to defend you decision to your friends and family of quitting your job and putting 25 lakhs for ISB program , so make it worth it.  Use this time judiciously and have fun 🙂

All the best

PS:Not to scare you but remember your stressful days are not over if you join ISB, they will just start from day 1. ISB is a 2 year course packed into 1 year,application time will seem like a cakewalk once you are in  ;). It IS RIGOROUS but if you really wanted it in the first place, it is well worth.

 

Back to assignments ….Excuse any typos and errors

~By Madhur Chadha

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iDiya: Give wings to your dreams

India is in a dire need of Social Entrepreneurs, Here is why
[youtube http://www.youtube.com/watch?v=k6gNrYT94q8]

Do you have an idea that can change India?

Do you want to do something for the society?

Do you want to start a social venture?

Do you want to make your living while bringing 1000s of people out of poverty?

If your answer is Yes, Social Ventures are your calling . There are various places where you can test the feasibility of your Ideas, get mentoring from industry experts and also get funding.

One such place is iDiya. iDiya is the National Social Venture Competition conducted by Indian School Of Business.

You can register for it here http://isb.edu/idiya/

This year they have a mammoth 1.725 Crore of funding available. If your idea gets selected , you will also get a chance to be mentored and attend a fully paid weeklong bootcamp @ISB conducted by industry experts

So if you really want to get into this space, this is an opportunity not to be missed

Do pass on this message to your friends who might be interested, last date for submitting a 2 page summary is 30th september

Funding Opportunities for Social Ventures


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Round 1-Best Speaker Contest at Indian School Of Business

My speech for round 1 of Best Speaker contest at Indian School of Business. I cleared the round 🙂

We were supposed to deliver a 5 minute prepared speech on one of the given topics.I chose the topic “The person I see in the mirror”

What really intrigued me was what if the person on the other side of the mirror is not me? How will he look at the world here? What will be his reactions, his actions and what kind of personality he would have?If I were to also look at this person as a different person then how will I view him?
[youtube http://www.youtube.com/watch?v=PO5e83QKQ-U]

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iDiya -National Social Venture Competition by Indian School of Business #iDiya

Every year Indian School of Business pulls up its socks to conduct iDiya ,  the only Social venture competition targeted at working professionals and early stage social ventures.

So What is a Social Venture:? A social venture is a profit-making sustainable business that works towards solving a social problem. This venture generates its own revenues,earns its own profits and solves the problem.

For eg: Hyderabad Goes Green, a for profit venture that is helping Hyderabadi’s  go green.

I have a strong belief that social ventures are the future,they are the ones that will make the next big impact .

So if you already have a social venture or even if you have an idea and want to test it out , I urge you to apply to iDiya. If selected ,you not only will be given a 1 week boot camp at ISB where they will train you on how to start but also will get a chance to pitch to VCs and investors.They already have over 1.35 crores funds available.Some of the biggest names in this sector are partners with iDiya.

To register :http://www.isb.edu/idiya/

Promo Video:
[youtube http://www.youtube.com/watch?v=A7RYIUns7pE]

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