Management Lesson

Management Lesson :

One night when the whole world was sleeping, a thief broke into the house of a washer man.

The washer man was fast asleep but the donkey and the dog were awake.

The dog decided not to bark since the master did not take good care of him and wanted to teach him a lesson.

The donkey got worried and said to the dog that if he doesn't bark, the donkey will have to do something himself.

The dog did not change his mind and the donkey started braying loudly.

Hearing the donkey bray, the thief ran away, the master woke up and started beating the donkey for braying in the middle of the night for no reason.

Moral of the story: One must not engage in duties other than his own !!!

Now take a new look at the same story.

The washer man was like a typical top management corporate guy.

He had the fundas of looking at the bigger picture and thinking out of the box.

He was convinced that there must be some reason for the donkey to bray in the night.

He walked outside a little and did some fact finding, applied a research approach, figured out from the ground realities that there was a thief who broke in and the donkey only wanted to alert him about it.

Looking at the donkey's extra initiative and going beyond the call of the duty, he rewarded him with lot of hay and other perks and the donkey became his favorite pet.

The dog's life didn't change much, except that now the donkey was more motivated in doing the dogs duties as well.

In the Appraisal the dog managed an "8".

The donkey was rated as "9".

Soon the dog realized that the donkey is taking care of his duties and he can enjoy his life sleeping and lazing around.

The donkey had to live up to his already high performance standards.

Soon he was over burdened with work and always under pressure and now is looking for a switch....

Moral of the story-Remains the same- "One must not engage intentional..!!I

ISCA CA - Final Classes at Hyderabad by Praveen Jain

Dear Friends,

Upcoming Schedule for ISCA - CA final exam is attached for your reference .

Kindly share among your friends.

Cheers,
Praveen.

ITSM - IPC Batch details at Hyderabad for May 2016 exam

Dear friends,

ITSM Batch details are attached for your reference.

ISCA - CA Final classes Schedule ( May 2016 ) - Hyderabad

Dear friends, 
Details of Upcoming ISCA Schedule is attached. 
Kindly share among your friends.

ISCA Crash (for NOV 15) and Regular Batch ( May 2016 ) details at Hyderabad

Hello friends,

Attached the Schedule for CA Final Classes at Hyderabad.


 .

ITSM - CA- IPCC - Probable questions for November 2015 Attempt

Dear friends ,

Attached the copy of Probable questions for ITSM [ May 2015 exams]

Click on the below mentioned link to download your copy :

ITSM Probable questions for November 2015 exam

Password to open file : itsm

Cheers,

Praveen

Schedule for Strategic Management (SM) classes - CA-IPC - at Hyderabad

ISCA - Probable questions for November 2015 Attempt

Dear  friends ,

Attached the copy of Probable questions for ISCA [ November 2015 exams]

Click on the below mentioned link to download your copy :

ISCA Probable questions for November 2015 exam

Password to open :  isca

Cheers , 
Praveen 

Upcoming ITSM Classes at Hyderabad

Dear Students ,

The upcoming Schedule for ITSM (Paper 7 - IPC ) is attached for your ready reference.

Who is Yakub Memon ??

Once named as the best chartered accountant by the Memon community, Yakub Abdul Razzak Memon is the first and only accused in the 1993 Bombay Blasts who will be hanged, on his birthday, July 30.

·         In 1986, Memon enrolled in the Institute of Chartered Accountants of India and completed study as a Chartered accountant in 1990

·         In 1991, Memon founded the chartered accountancy firm 'Mehta & Memon Associates' with his childhood friend Chetan Mehta.

·     The following year, they parted ways, and he founded another accountancy firm 'AR & Sons'. Named after his father, it was so successful that Memon won a "Best Chartered Accountant of the Year" award from the Memon community of Mumbai.

·      He also formed the export company 'Tejrath International' to export meat products to the Persian Gulf region and Middle East.

·         Memon did his M.A. in English Literature and Political Science in Nagpur jail through the Indira Gandhi National Open University.

·     Yakub’s accounting firm was responsible for maintaining the finances of Tiger Memon’s illegal operations, which included lucrative silver smuggling.

·  Yakub arranged finance for the entire 1993 terror operation and managed the disbursement of the money through co-accused Mulchand Shah, from a firm owned by Ayub Memon.

·         Not only that, he arranged the air tickets for the 15 youths who were sent for arms and ammunition training to Pakistan. He also made arrangements for their lodging and bought motor vehicles which were used while planting explosives.

·         He had illegal possession of explosives with a strong intent to attack and destroy lives.

·      He was first sentenced on July 27, 2007, by the Tada Court in Mumbai for the following crimes:

§      Criminal Conspiracy under Section 120 B of the Indian Penal Code.

§      Aiding, abetting and facilitating in a terrorist Act under Section 3 of TADA.

§      Illegal possession and transportation of arms and ammunition under Sections 5, 6 of TADA.

It is worth to note, no matter how much educated you are, education gets you a respectful life. By no means it should be misused. Motherland comes first, before anything.

Source : WIKI

New Edition of ISCA and ITSM books

Dear friends,

Glad to inform that new edition of ISCA for CA-final and ITSM for IPC are in market now.

Click on the below link to have its first sight :

Click here :

Negotiation skills !!

A father left 17 Camels as an Asset for his Three Sons.

When the Father passed away, his sons opened up the will.

The Will of the Father stated that the Eldest son should get Half of 17 Camels,

The Middle Son should be given 1/3rd of 17 Camels,

Youngest Son should be given 1/9th of the 17 Camels,

As it is not possible to divide 17 into half or 17 by 3 or 17 by 9, the sons started to fight with each other.

So, they decided to go to a wise man.

The wise man listened patiently about the Will. The wise man, after giving this thought, brought one camel of his own & added the same to 17. That increased the total to 18 camels.

Now, he started reading the deceased father’s will.

Half of 18 = 9.
So he gave 9 camels
to the eldest son.

1/3rd of 18 = 6.
So he gave 6 camels
to the middle son.

1/9th of 18 = 2.
So he gave 2 camels
to the youngest son.

Now add this up:
9 + 6 + 2 = 17 &
This leaves 1 camel,
which the wise man took back.

MORAL: The attitude of negotiation & problem solving is to find the 18th camel i.e. the common ground. Once a person is able to find the common ground, the issue is resolved. It is difficult at times.

However, to reach a solution, the first step is to believe that there is a solution. If we think that there is no solution, we won’t be able to reach any!

A very interesting management lesson.

Manager..and Kind...Nahh!!!!

A wealthy manager was driving in his car when he saw two men along the roadside eating grass. Disturbed by the sight, he ordered his driver to stop and he got out to investigate.

He asked one man "Why are you eating grass?"

"We don't have any money for food," the poor man replied. "We have to eat grass." "Well, then, you can come with me to my house and I'll feed you" the manager said.

"But sir, I have a wife and five children with me. They are over there, under that tree".

"Bring them along," the manager replied. Turning to the other poor man he stated, "You come with us also."

The second man, in a pitiful voice then said, "But sir, I also have a wife and seven children with me!"

"Bring them all, as well," the manager answered.

They all entered the car, which was no easy task, even for a car as large as it was.

One of the poor fellows turned to Mr. Manager and said, "Sir, you are too kind. Thank you for taking all of us with you."

The manager replied, "Glad to do it. You'll really love my place; the grass is almost 1 meter high!"

Lesson: Never trust managers... and there is nothing like KIND MANAGERS

Boss is THE BOSS !!!!

There was a king he had 10 wild dogs...
He used them to torture and eat all ministers who made mistakes.

One of the ministers once gave an opinion which the king didn’t like at all, so he ordered that the minister to be thrown to the dogs.

So the minister said,
"I served you 10 years and you do this..?

Please give me 10 days before you throw me in with those dogs!"
The king agreed…

In those 10 days the minister went to the guard that was guarding the dogs and told him he wants to serve the dogs for the next 10 days…

The guard was baffled…
But he agreed…
So the minister started feeding the dogs, cleaning for them, washing them, providing all sorts of comfort for them.

So when the 10 days were up…

The king ordered that the minister be thrown in to the dogs for his punishment.

But when he was thrown in,

Everyone was amazed at what they saw..
They saw the dogs licking the feet of the minister!

The king baffled at what he saw… Said:” what happened to the dog. !!!”

The minister then said;”
I served the dogs for 10 days and they didn’t forget my service…
Yet I served you for 10 years and you forgot all at the first mistake!”…

So the king realised his mistake

and

Got wolves instead

Moral : What management decides is decided.. Eventhough they are wrong, u will be screwed!

Some things are important !!!

SON: "Daddy, may I ask you a question?"

DAD: "Yeah sure, what is it?"
SON: "Daddy, how much do you make an hour?"
DAD: "That's none of your business. Why do you ask such a thing?"
SON: "I just want to know. Please tell me, how much do you make an hour?"
DAD: "If you must know, I make $100 an hour."
SON: "Oh! (With his head down).
SON: "Daddy, may I please borrow $50?"

The father was furious.

DAD: "If the only reason you asked that is so you can borrow some money to buy a silly toy or some other nonsense, then you march yourself straight to your room and go to bed. Think about why you are being so selfish. I work hard everyday for such this childish behavior."

The little boy quietly went to his room and shut the door.
The man sat down and started to get even angrier about the little boy's questions. How dare he ask such questions only to get some money?
After about an hour or so, the man had calmed down, and started to think:
Maybe there was something he really needed to buy with that $ 50 and he really didn't ask for money very often. The man went to the door of the little boy's room and opened the door.

DAD: "Are you asleep, son?"

SON: "No daddy, I'm awake".
DAD: "I've been thinking, maybe I was too hard on you earlier. It's been a long day and I took out my aggravation on you. Here's the $50 you asked for."

The little boy sat straight up, smiling.
SON: "Oh, thank you daddy!"
Then, reaching under his pillow he pulled out some crumpled up bills. The man saw that the boy already had money, started to get angry again. The little boy slowly counted out his money, and then looked up at his father.

DAD: "Why do you want more money if you already have some?"

SON: "Because I didn't have enough, but now I do.

"Daddy, I have $100 now. Can I buy an hour of your time? Please come home early tomorrow. I would like to have dinner with you."

The father was crushed. He put his arms around his little son, and he begged for his forgiveness. It's just a short reminder to all of you working so hard in life. We should not let time slip through our fingers without having spent some time with those who really matter to us, those close to our hearts. Do remember to share that $100 worth of your time with someone you love? If we die tomorrow, the company that we are working for could easily replace us in a matter of days. But the family and friends we leave behind will feel the loss for the rest of their lives. And come to think of it, we pour ourselves more into work than to our family.  

Some things are more important.

Upcoming Schedule for CA Final - ISCA Classes @ Hyderabad and Chennai

Hello friends ,

Attached the Schedule for ISCA Classes .

Cheers,
Praveen 

Incorporation of new businesses to take just 1 form starting today - Aache Din aa rahe hein !!!!

§       New enterprises will be able to incorporate a business by filing just one form starting Friday against eight separate forms earlier, as part of govt's drive to make it easier to do business in the country.

§       Entrepreneurs keen on setting up new enterprises will be able to incorporate one by filing just one form starting Friday against eight separate forms earlier, as part of the government's drive to make it easier to do business in the country.

§       The corporate affairs ministry will from May 1 have an integrated company incorporation form to make compliance and reporting easier and convenient for corporates.

§       "Name availability, allotment of Director Identification Number (DIN), company incorporation and commencement of business will now be possible through a single form," said a senior ministry official who sought anonymity.

§       The new form, called INC-29, will be available on the MCA website. This is part of the government's drive to improve India's ranking on the globally tracked parameter of ease of doing business. This is a priority area for PM Narendra Modi, who has made it a personal mission to improve India's scores on this parameter. The government wants to reduce the time taken to register a company in India to one day.

§       Modi has said he wants India to be at 50th position in two years among countries ranked by the World Bank in its annual Ease of Doing Business survey.

§       The Ease of Doing Business survey captures the ease with which one can open, conduct and close down businesses. The country was ranked 142 among 189 economies by the World Bank in 2015, down two notches from the preceding year. In 2006, when the index was launched, India was ranked 116. On the crucial 'Starting a Business' parameter, the country was ranked 158, again down two places from the preceding year.

§       Entrepreneurs have long complained about the various hassles they face in setting up businesses in India, so much so that many startups prefer to incorporate their businesses in countries such as Singapore. The reasons for this range from a multitude of forms to a plethora of permissions from central and state governments.

§       Currently, businessmen seeking to register a new company are required to fill eight forms to complete the incorporation, a process which, besides being cumbersome, also takes a lot of time. Even if it's a single-person company, the range of forms required to be filled included separate applications for obtaining DIN, obtaining a DSC (digital signature certificate), form INC-1 for approval of the name of the company, form INC-7 for registration of the company along with memorandum of association and articles of association, form INC-22 for intimation of registered office and form DIR12 for each director.

ITSM - CA- IPCC - Probable questions for May 2015 Attempt

Dear friends ,

Attached the copy of Probable questions for ITSM [ May 2015 exams]

Click on the below mentioned link to download your copy :

ITSM Probable questions for May 2015 exam




Password to open : itsm


Cheers , 
Praveen 

ISCA CA Final Classes in Hyderabad

Dear Friends ,

Attached the Schedule for ISCA Classes in Hyderabad.

ISCA [ CA Final ] & IT Classes [ CA IPC ] in Hyderabad - May & November 2015 Attempt

Hi Friends  ,

Attached - Schedule of my classes .

ONE BEDROOM FLAT.......

ONE BEDROOM FLAT...

WRITTEN BY AN INDIAN ENGINEER...

Dear Friends, very touching article. Enjoy reading Every person those who are far away from their parents for jobs should have to read this heart touching mail!!!

ONE BEDROOM FLAT...

WRITTEN BY AN INDIAN ENGINEER...

A Bitter Reality

As the dream of most parents I had acquired a degree in Engineering and joined a company based in USA, the land of braves and opportunity. When I arrived in the USA, it was as if a dream had come true.

Here at last I was in the place where I want to be. I decided I would be staying in this country for about Five years in which time I would have earned enough money to settle down in India.

My father was a government employee and after his retirement, the only asset he could acquire was a decent one bedroom flat.

I wanted to do something more than him. I started feeling homesick and lonely as the time passed. I used to call home and speak to my parents every week using cheap international phone cards. Two years passed, two years of Burgers at McDonald's and pizzas and discos and 2 years watching the foreign exchange rate getting happy whenever the Rupee value went down.

Finally I decided to get married. Told my parents that I have only 10 days of holidays and everything must be done within these 10 days. I got my ticket booked in the cheapest flight. 

Was jubilant and was actually enjoying hopping for gifts for all my friends back home. If I miss anyone then there will be talks. After reaching home I spent home one week going through all the photographs of girls and as the time was getting shorter I was forced to select one candidate.

In-laws told me, to my surprise, that I would have to get married in 2-3 days, as I will not get anymore holidays. After the marriage, it was time to return to USA, after giving some money  to my parents and telling the neighbours to look after them, we returned to USA.

My wife enjoyed this country for about two months and then she started feeling lonely. The frequency of calling India increased to twice in a week sometimes 3 times a week. Our savings started diminishing.

After two more years we started to have kids. Two lovely kids, a boy and a girl, were gifted to us by the almighty. Every time I spoke to my parents, they asked me to come to India so that they can see their grand-children.

Every year I decide to go to India But part work part monetary conditions prevented it.

Years went by and visiting India was a distant dream. Then suddenly one day I got a message that my parents were seriously sick. I tried but I couldn't get any holidays and thus could not go to India ... The next message I got was my parents had passed away and as there was no one to do the last rites the society members had done whatever they could. I  was depressed. My parents had passed away without seeing their grand children.

After couple more years passed away, much to my children's dislike and my wife's joy we returned to India to settle down. I started to look for a suitable property, but to my dismay my savings were short and the property prices had gone up during all these years. I had to return to the USA...

My wife refused to come back with me and my children refused to stay in India... My 2 children and I returned to USA after promising my wife I would be back for good after two years.

Time passed by, my daughter decided to get married to an American and my son was happy living in USA... I decided that had enough and wound-up everything and returned to India... 

I had just enough money to buy a decent 02 bedroom flat in a well-developed locality.

Now I am 60 years old and the only time I go out of the flat is for the routine visit to the nearby temple. My faithful wife has also left me and gone to the holy abode.

Sometimes I wondered was it worth all this?

My father, even after staying in India,

Had a house to his name and I too have the same nothing more.

I lost my parents and children for just ONE EXTRA BEDROOM.

Looking out from the window I see a lot of children dancing. This damned cable TV has spoiled our new generation and these children are losing their values and culture because of it. I get occasional cards from my children asking I am alright. Well at least they remember me.

Now perhaps after I die it will be the neighbours again who will be performing my last rights, God Bless them.

But the question still remains 'was all this worth it?'

I am still searching for an answer.................!!!

START THINKING

IS IT JUST FOR ONE EXTRA BEDROOM???

LIFE IS BEYOND THIS ..DON'T JUST LEAVE YOUR LIFE ..

START LIVING IT .

LIVE IT AS YOU WANT IT TO BE.

DO "IT" in a Smart Way- Information Technology (IT) IPC Classes Schedule @ Hyderabad - May 2015

Hello Friends ,

Attached the IT Classes Schedule for your reference .

Kindly share among your friends

ISCA - Probable questions for May 2015 Attempt

Dear friends ,

Attached the copy of Probable questions for ISCA [ May 2015 exams]

Click on the below mentioned link to download your copy :



ISCA Probable questions for May 2015 exam

Password to open : isca


Cheers , 
Praveen 

Strategic Management - IPC Classes at Hyderabad

Dear friends ,

Strategic Management [ IPC - Paper 7 B ] Crash/ Regular Batch@ Tapasya Academy lakidikapol will commence on Feb 9th .

Schedule [Tentative] : 
Dates : 9th Feb to 12th Feb, 2014 [ 4 days ] 
Timings : Morning [ 6.30 am to 10.00 am ] and Evening [ 5.45 pm to 8.45 pm ]
100% portion will be completed .

For other details - contact Tapasya Academy .
Contact details : 8885556611, 8019272727, 9849074331

Kindly Share among your friends....

Cheers,
Praveen Jain .