Posts filed under 'Management Lessons'

Lateral and Logical Thinking

Many years ago in a small Indian village,

A farmer had the misfortune Of owing a large sum of money to a village moneylender.

The Moneylender, who was old and ugly, fancied the farmer’s beautiful Daughter. So he proposed a bargain.

He said he would forgo the farmer’s debt if he could marry his Daughter. Both the farmer and his daughter were horrified by the Proposal.

So the cunning money-lender suggested that they let Providence decide the matter.

He told them that he would put a black Pebble and a white pebble into an empty money bag. Then the girl would Have to pick one pebble from the bag.

1) If she picked the black pebble, she would become his wife and her father’s debt would be forgiven.

2) If she picked the white pebble she need not marry him and her father’s debt would still be forgiven.

3) But if she refused to pick a pebble, her father would be thrown into Jail.

They were standing on a pebble strewn path in the farmer’s field. As They talked, the moneylender bent over to pick up two pebbles. As he Picked them up, the sharp-eyed girl noticed that he had picked up two Black pebbles and put  them into the bag.

He then asked the girl to pick A pebble from the bag.

Now, imagine that you were standing in the field. What would you have Done if you were the girl? If you had to advise her, what would you Have told her?

Careful analysis would produce three possibilities:

1. The girl should refuse to take a pebble.

2. The girl should show that there were two black pebbles in the bag And expose the money-lender as a cheat.

3. The girl should pick a black pebble and sacrifice herself in order To save her father from his debt and imprisonment.

Take a moment to ponder over the story. The above story is used with The hope that it will make us appreciate the difference between lateral And logical thinking.

The girl’s dilemma cannot be solved with Traditional logical thinking. Think of the consequences if she chooses

The above logical answers.

What would you recommend to the Girl to do?

Well, here is what she did ….

The girl put her hand into the moneybag and drew out a pebble. Without Looking at it, she fumbled and let it fall onto the pebble-strewn path Where it immediately became lost among all the other pebbles.

“Oh, how clumsy of me,” she said. “But never mind, if you look into the Bag for the one that is left, you will be able to tell which pebble I Picked.”

Since the remaining pebble is black, it must be assumed that she had Picked the white one. And since the money-lender dared not admit his Dishonesty, the girl changed what seemed an impossible situation into An extremely advantageous one.

MORAL OF THE STORY:

Most complex problems do have a solution. It is only that we don’t Attempt to think.

Add comment October 1, 2009

Your Subordinates are Assets

It’s a fine sunny day in the forest and a lion is sitting outside his cave, lying lazily in the sun. Along comes a fox, out on a walk.

Fox: “Do you know the time, because my watch is broken”

Lion: “Oh, I can easily fix the watch for you”

Fox: “Hmm… But it’s a very complicated mechanism, and your big claws will only destroy it even more”

Lion: “Oh no, give it to me, and it will be fixed”

Fox: “That’s ridiculous! Any fool knows that lazy lions with great claws cannot fix complicated watches”

Lion: “Sure they do, give it to me and it will be fixed”

The lion disappears into his cave, and after a while he comes back with the watch which is running perfectly. The fox is impressed, and the lion continues to lie lazily in the sun, looking very pleased with himself.

Soon a wolf comes along and stops to watch the lazy lion in the sun.

Wolf: “Can I come and watch TV tonight with you, because mine is broken”

Lion: “Oh, I can easily fix your TV for you”

Wolf: “You don’t expect me to believe such rubbish, do you? There is no way that a lazy lion with big claws can fix a complicated TV”

Lion: “No problem. Do you want to try it?”

The lion goes into his cave, and after a while comes back with a perfectly fixed TV. The wolf goes away happily and amazed.

Scene :Inside the lion’s cave. In one corner are half a dozen small and intelligent looking rabbits who are busily doing very complicated work with very detailed instruments. In the other corner lies a huge lion looking very pleased with himself.

Moral : IF YOU WANT TO KNOW WHY A MANAGER IS FAMOUS, LOOK AT THE WORK OF HIS SUBORDINATES.

Add comment May 28, 2008

IBS Hyderabad Library

IBS Library

IBS Hyderabad Library 

IBS (ICFAI Business School) is one of the most reputed 18 IBS centres scattered all over India. These centres started to prepare Management Postgraduates.

IBS Library is the heart of its parent organization. It was established keeping in mind the user perception, i.e. information. It is because the library is running as information oriented not the document oriented. It is a central point of comprehensive knowledge which has been remain a final destination for the information seekers.

The library collection includes 33000 books, 250 periodicals and 1500 CD ROMs. The library collection is able to satisfy the each and every querry of our patrons.  Have a look at our subscribed databases:

  1. Business Source Complete (Ebsco)
  2. EconLit (Ebsco)
  3. Emerald Management Xtra
  4. CMIE (Prowess)
  5. Cygnus India (including MBA Knowledge Pack)
  6. Reuters Business Insight
  7. Marketline Business Information Centre
  8. World Development Indicators
  9. Cabell’s Directory

Add comment May 27, 2008


Calendar

November 2009
M T W T F S S
« Oct    
 1
2345678
9101112131415
16171819202122
23242526272829
30  

Posts by Month

Posts by Category