Challenges | Bhavin Gandhi's Blog

Managing Major Failures in Your Business

Those days are gone when businesses were small and local. In today’s world, businesses are becoming more and more complex. And brands are becoming bigger than ever. So, what happens when you encounter a failure in your business? What would you have done as a CEO of Toyota, during the tough times in 2010? What would you do as a spokesperson of BP, when you realize that there is a major leak in your new plant? I might not have an ideal answer for what you can do during situations like those, but from my personal experiences and observations, I have few suggestions to deal with situations like those.

First thing that you want to do in these kind of situations is to be accountable for your failures. Everyone remembers the gulf oil spill by BP. In today’s business world, accepting the failure isn’t the sole decision of the CEO. By accepting the failure like this big, they might be ruining their brand image. Whatever may be the case, I recommend you to take responsibilities of your actions. Remember the famous case of Tylenol? It was company’s quick acceptance of the problem, which saved the image of Johnson and Johnson.

In any major failures, you need to be transparent with your stakeholders, no matter who they are. A good example of this is – Toyota’s gas peddle fiasco. On July 29 of 2010, Toyota recalled approximately 400,000 cars for their problems in the gas peddle. Before this incident, Toyota was perceived to be the safest automobile maker in the world. Guess what Toyota did? They utilized lot of 21st century’s media tools like Facebook, Twitter, etc. to reach to their customers and admit their mistakes as a part of their immediate response. They also had a lot of TV and radio commercials within a month to communicate with their customers about what they are doing regarding this issue. This effort from Toyota helped them to keep their “brand value” intact by communicating their efforts to their customers.

I think that businesses might be becoming complex and failures might be becoming very difficult to handle, but if we can accept our failures and act on them quickly then we can minimize the impact of those failures.

I hope my article was helpful and I am eager to hear your feedback. Thanks. Bhavin Gandhi.

Tips to Manage Teams of the Future

06 Aug

In my last blog, I talked about how we can communicate effectively in a Virtual Team. But I realized that I didn’t answer the most basic questions of virtual team management – how can we better manage Virtual Teams? Where should we start? What do we need to know to be successful?

There are many blog posts which addresses this issue, but none of them explicitly say what I am going to say now. I personally think that 80% of your problems comes up in a virtual team are due to people problems, and only 20% of problems concern with utilization of technology. Thus, I will address people issues first. In my past experiences, I had an opportunity to work with remote teams on various occasions. Trust me, it was very challenging at first. Time zones and languages were only few barriers that I had to face. But somehow, I figured a way out to manage remote teams efficiently. I will share those experiences through this blog post.

One of the most important thing that you want to do is to set up your communication plan. This can be an outline for what needs to be communicated, how it will be communicated, who needs the information, when do they need it, and what happens if communication breaks down. This sounds very easy at first. One would say – you can just use e-mails. But trust me, without a communication plan, you will be lost. If you don’t have this plan defined properly, it will take more than 2-3 days just to find out what are you going to accomplish this week. And before you know, there comes a weekend. Thus, this plan is the “key piece” for managing virtual teams. The communication plan should also outline meeting structure, such as – when are they needed, what will be their purpose, in what format will they be held (chat, video conference, teleconference, etc), who will be in control of the meeting, who will be responsible for taking the notes and publishing the outcome.

Second most important thing that can help you is to have an outline of the decision making process. How, as a group, will you make decisions? What is your back up plan to make a decision? What escalation processes do you have to resolve issues, if team doesn’t agree on one idea? Also, having conflict resolution strategies help a lot. We used to talk to each other personally (on video chat), and that was our conflict resolution strategy. But you can use whatever strategy fits for your team. After you have defined and documented these information, you want to distribute your goals, roles and responsibilities equally – by taking buy-ins from each and every member in the team. So, there is no confusion at the end. If you want to go further then you can also ensure fair work distribution and define different leadership levels. We used to use an arrangement where we would rotate the roles of meeting facilitator and meeting leaders. That gave me the opportunity to empower other team members. But again, you can use your own style for defining different leadership roles.

I hope this information have helped you. Let me know your feedback regarding my idea. Thanks for reading my blog. Bhavin Gandhi

Communicate Effectively in Virtual Teams

05 Aug

In today’s world, 1 out of 10 employees might have worked in a virtual team in one form or another. With the current trend of globalization and outsourcing, the pressures associated with getting new products and services to worldwide markets is increasing tremendously. For any business to remain competitive, they have to choose the best people for their projects, regardless of their location. This rapid development in the business world has completely changed the dynamics of the business within past two decades. Have you ever wondered – how big companies like Microsoft, Apple and Google are leading their remote branches in India, China, Russia and Brazil?

Couple of years ago, I worked in a company that had its branch in India. I was one of the fortunate person, who got an opportunity to lead a newly formed team in India. During those times, economy was good but company’s project budget was slightly tight, the only way I could interact with that team was – video or voice conferences, e-mails, phone calls, etc. During that experience, I created my own best practices to effectively communicate with the virtual teams. In this blog, I am going to share those ideas with you.

For a virtual team to function efficiently and efficiently, it requires rich and synchronous communication. But majority of times, the distance and time differences between team members makes it very difficult. To overcome this barrier we can make an arrangement of meeting once a week, for 60-90 minutes on a video conference to identify and review the team’s purpose and key result areas, modify objectives, understand breaking issues, examine possibilities, make decisions, and assign actions. Due to the nature of this team and different time zones, this meeting might not happen during working hours. But you can still make it a painless experience. In the process of leading my team, I used to create raw proposals before our meeting and distribute them in advance to team members. We also used to have rotating roles for listeners, who would synthesize team member’s feedbacks and incorporate those into written team documents that can be accessible to all team members. This will not only provide a single point of reference for roles and responsibilities of each team members but also build-up team spirit that most of the virtual teams might be missing otherwise.

I hope this blog helps you build efficient teams of the future (Virtual Teams). – Bhavin Gandhi

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Posted by Bhavin Gandhi on August 5, 2010 in 21st Century, Leadership

Tags: 21st century, Challenges, Leadership, Virtual Team

Reminder: Business Challenges in the 21st Century

04 Aug

Doing business in 20th Century was comparatively easy. Rules were simple and complexities were very few. In today’s world, its not easy to do business. With new technologies and changing dynamics of the businesses, it is becoming more and more challenging to do business. In this blog post I will discuss about some of the new business challenges that many organizations are facing right now.

Globalization has really changed the entire world, with new markets – offering new challenges and opportunities, especially in China, India, Brazil, and Russia. Therefore, global issues — including trade barriers, exchange rates, tariffs, and distribution — will become important elements of managerial choice.

Rapidly growing technology is another challenge that businesses in 21st century needs to face. Technology has increased accessibility, visibility, and connection. The connected world is smaller and rapidly changing, and has open information. For example: during the time of Web 1.0, companies used to broadcast their information and consumer had only one channel to know about various products and services that company offers. Thanks to Web 2.0, consumers can now connect to other consumers and get feedback of your product through their social connections. Managing your brand’s image in social media is one of the biggest challenge that businesses of 21st century has to face.

One of the other challenge that businesses of 21st century needs to face is – talent acquisition and retention. In today’s world, employees represent diverse demographic backgrounds not only race and gender but also personal preferences and cultural backgrounds. Also, employee expectations are constantly rising as they gain education and skills.

Other major challenges are increasingly segmented markets, increasingly attuned investors, and innovative and global competitors. With my blog posts, I will try to address these issues and provide some recommendations to resolve those challenges.

I hope my article was helpful and I am eager to hear your feedback. Thanks. – Bhavin Gandhi.