Tuesday, July 18, 2017

Have You Got The Big Picture

One who takes time out to see the Big Picture will be the one who will get it. Because he has already decided what he wants. In that Big picture, he has visualized and found the mojo of his life. That mojo will drive him towards that Big Picture. Instead of going to office daily and doing the day to day activities, it is better off to visualize the Big Picture and then work towards it. The Big Picture is like a Dream. Someone has truly said that Dreams are not what we see during sleep, rather Dreams are that which won't let you sleep. Once you have seen the Dream, it is only in your hands to run after it. You have to work the details. You have to see if the Dream in indeed possible. What are the steps that need to be done? Is there a team needed? What type of team is needed? What type of resources are needed? 

What are the parallel activities that can be carried out. Many of you might know about Mukesh Ambani. He is the Chief of Reliance Group. When he was young and his Father the Great Dhirubhai was setting up a factory, Mukesh was called to work for the Factory. The project completion speed of Reliance group are second to none. While setting up the project, many companies do not allocate appropriate resources and they do not complete the project on time. The time lost is never considered as a loss because it does not come into accounting. But the time lost should be considered as an Opportunity cost. Say Reliance & 'OTHER' company start a similar project at the same time. The estimated completion date of the project is one year. What Reliance does is that it identifies all the steps that could be done in parallel and sequence. Then it allocates all the resources required, often more, and completes the project in 9 months. The factory starts production in the 10th month and is already catering to the customers. The 'OTHER' meanwhile is allocating its resources as and when they get it. The result being that the project is late by 3 months. That three months is never bothering to the company. But in those six months, Reliance has already got the upper hand and has garnered enough market share. Secondly, it has started earning in these six months and already paid back on its capital. These opportunity costs matter. 

Similarly, to advance towards the Big Picture of yours, you should allocate all the resources properly at a very early stage. 

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