EDUCATION EVENTS MUSIC PRINTING PUBLISHING PUBLICATIONS RADIO TELEVISION WELFARE

   
f o r    m a n a g i n g    t o m o r r o w
SEARCH
 
 
DEC. 31, 2006
 Cover Story
 Editorial
 Features
 Trends
 Bookend
 Money
 BT Special
 Back of the Book
 Columns
 Careers
 People

Trading With Neighbour
There are no takers for Hu Jintao's bid for a free trade agreement (FTA) with India, but the Chinese President's recent visit has come at a time when Chinese companies are aggressively eyeing opportunities in India. China and India signed a pact on investment promotion and protection. The two sides also set a target of raising the annual volume of their bilateral trade to $40 billion by 2010. An analysis of Hu's visit and the impact on bilateral trade.


The New Prescription
The clinical research industry is poised for big growth. From a negligible share in the late nineties, the market grew to $70 million in 2002 and is now valued at $100-150 million. The industry is set to garner $1-1.5 billion in revenues by 2010, says a McKinsey report. Amidst the euphoria over explosive growth, the sector is reporting a massive dearth of experienced clinical research employees. In other words, scaling up is a challenge.
Business Today,  December 17, 2006
 
 
HUNTING JOBS
Connecting Across Cultures

The workplace is becoming increasingly multi-ethnic and multi-cultural. What are the new rules of engagement?

Getting global: Understanding cross-cultural nuances is gaining momentum across companies like Infosys
Help, Tarun!
Call of the Sea

As India becomes integrated with the global economy, it is becoming imperative for people across industries to be prepared to work not just anywhere across the country, but across the globe as well. This places many demands on them, but, perhaps, the most important is the ability to quickly assimilate and work in alien cultures. "You have to be sensitive to local culture and traditions," says Ravi Kant, Managing Director, Tata Motors.

That, in fact, is fast becoming a key determinant of success in today's multi-cultural and borderless corporate environment. "Wipro's it services business is based on a Global Delivery Model. Both employees and customers come from every part of the world and, hence, understanding cultural nuances is essential," says Ranjan Acharya, the company's Corporate Senior Vice President (Human Resources). This comprehension isn't restricted to the it industry alone, but to several other fast-growing sectors such as pharma, retail, infrastructure and manufacturing. "We are unleashing the largest talent pool in the world today and around 200 million people will join the nation's productive age bracket by 2013. The opportunity is there for all to see and it is for us to grasp it with both hands-but this will only happen if we prepare ourselves to become truly global citizens," says P.C. Rajiv, Head (hr) abb.

To be successful in the global marketplace it is imperative to focus on areas such as etiquette, culture, interpersonal communications, conflict resolution and man-management skills, especially when teams are spread across geographies. "The cross-cultural training at Tesco Hindustan Service Centre (Tesco HSC) enables our people to understand and appreciate different cultures and customs, and this leads to better service delivery to our customers," says Sudheesh Venkatesh, Head (HR) Tesco HSC, the Indian it and BPO arm for the British retail giant.

"We look not only for technical skills but also for cultural adaptability "
S. Padmanabhan
Executive Vice President (Global HR), TCS
"You have to be sensitive to local culture and traditions to succeed"
Ravi Kant
Managing Director, Tata Motors

Today, international experience is almost becoming sine qua non for rising up the corporate hierarchy. Ambitious executives will do well to remember that competence, even excellence, in one's core functions contributes only partially to one's success. "When we hire people, we look not only for technical skills but also for cultural adaptability and the way they present themselves," says S. Padmanabhan, Executive Vice President, Global Human Resources, TCS. Ambitious executives, please take note.

Mohanbir Sawhney, McCormick Tribune Professor of Technology and Director of the Center for Research in Technology & Innovation at Kellogg Graduate School of Management, us, has been quoted in the media as saying that Indian executives, having mastered the science of writing software code, must now learn the fine art of balancing wine glasses in their palms. And therein lies the rub. Many Indian executives come from mono-cultural backgrounds and, so, find it difficult to adjust to a multicultural environment. Many companies work around this problem by developing in-house programmes on the subject for their executives. Others hire cross-cultural trainers from outside. "Being a global citizen is mandatory today, especially in the it industry, where global delivery is the norm. The key to being successful in this world is the ability to operate seamlessly anywhere in the world," says Srinath Batni, Director & Head, Global Accounts, Asia Pacific, at Infosys Technologies, who oversees the company's operations in key markets such as Japan and Australia as well as emerging markets such as China.

HOW TO AVOID CROSS-CONNECTIONS
» You should keep the following in mind when dealing with colleagues and partners from other countries, according to Simi Suri, a certified cross cultural trainer.
» Americans are very aggressive and pushy. You must be clear about what you want from them and put your views across clearly and up front.
» The Japanese are very slow in decision making, very hierarchical and have very large teams. You have to be patient when dealing with them. Also, do not think that you can crack a deal by going to Japan just once. It is better to approach Japanese companies through a mediator who is a respected member of their society.
» The Chinese bargain very aggressively; always keep a large margin for bargaining.
» The French, the Italians and the Australians are very possessive about their time. Don't expect them to sit with you outside of office hours or on weekends just because you are visiting.
» In general, be sensitive to the fact that it is often difficult for executives in the West to digest the fact they are reporting to someone from the developing world.
» Read up about local culture and traditions before embarking on an assignment to any country.

Kris Wadia, Partner, Global Delivery Network, Accenture, says quickly assimilating how business works is often the difference between success and failure. "Communications is the most important step in this process," he says. For example, in Europe, West Asia and Africa, it is customary to greet people with a "Good Morning" or "Good Day" when you meet and also when you call in. Most Indians usually begin their conversation with a "Hello" (over the phone) or just a "Hi". This may cause offence and lead your opposite number to think you are being rude or unjustifiably familiar. So, it is important to understand how people belonging to different cultures react to a given stimulus (See How to Avoid Cross-Connections).

Being a successful global executive also often means unlearning and re-learning best business practices depending on the local market. In China, for example, Infosys gives its employees extensive language training. "Language is something that is critical for markets such as China and Japan, where English is not the lingua franca," says Infosys' Batni. "Most managers chosen for foreign assignments are selected for their skills and accomplishments in their home country; but these may not be useful in the country of their posting. Companies, and executives, must keep that in mind," says ABB's Rajiv.

"The opportunity is there for all to see and it is for us to grasp it with both hands-but this will happen if we prepare ourselves to become global citizens"
P.C. Rajiv
Head (HR), ABB
"Communication
is the most important step to understand business"

Kris Wadia
Partner, Global Delivery Network, Accenture

There are other issues that Indian executives have to get used to as well. "The Spanish have unusually long lunch hours," says Padmanabhan. "Here in India, we get 30-45 minutes on good days; on others, we eat on the move. So, it can be painful if lunch keeps dragging on... but we have to learn to be patient. Then, in the us, people start work very early-at 6.30-7 a.m. and wind up by 4 p.m. That is very different from the way we work." But these are things that ambitious executives must take in their stride and get used to very fast.

And it's not just junior- and middle management-level executives who have to learn new tricks. Even senior and top management personnel also have to be on top of the learning curve if they want to play big roles in their companies. Among other things, Tata Motors' Kant has had to learn to enjoy Korean rice and kimchi (fermented cabbage) and drink shots of Soju, the traditional Korean liquor following the Tata takeover of Daewoo Motor's heavy commercial vehicle plant.

The moral of the story, then, is that globalisation is not something that politicians and business leaders discuss at Cabinet meetings, boardrooms and seminars. It has now reached our workplace and our lives. The sooner we embrace and internalise it the better it will be for us-professionally and personally. Swimming with the tide, after all, is so much easier than going the other way.


COUNSELLING
Help, Tarun!

Q: I am a 50-year-old engineer with an MTech degree and 25 years of work experience. For the past five years, I have been working as VP (Marketing) with a Mumbai-based FMCG company. I now want to shift to Delhi for personal reasons, but the prospects are few. What should I do?

There are several consumer product companies in Delhi. You could start by meeting some good recruitment consultants and by sending your resume directly to companies. Given the vast experience you have, and if you are financially sound, you could also explore the idea of setting up your own consultancy.

Q: I am a 23-year-old BTech (Computer Science) working with an IT company for the past one-and-a-half years. The company sends senior executives for a six-month MBA programme to IIMs. I am in a fix whether to take up this offer or go for a full-time MBA programme. Please advise.

As you have age on your side, you can afford to leave your job and pursue a full-time MBA programme. It will help you in the long run than just doing a part-time course. Besides, your company is more likely to send senior and experienced executives for the programme and it will be a while before your turn comes.


Answers to your career concerns are contributed by Tarun Sheth (Senior Consultant) and Shilpa Sheth (Managing Partner, US practice) of HR firm, Shilputsi Consultants. Write to Help,Tarun! c/o Business Today, Videocon Tower, Fifth Floor, E-1, Jhandewalan Extn., New Delhi-110055..


Call of the Sea
Shipping services firms and shipyards can be great places to work in.

The demand for marine engineers and naval architects is at an all-time high. Why? Because the entry of the private sector into ship-building and the entry of more foreign lines into India is creating new opportunities every day. The one space to watch out for, however, is the ship building industry. As many as 10 private shipyards are expected to come up over the next 2-3 years and the job prospects for naval architects, engineers from various streams as well as mariners who do not wish to sail anymore, are huge. Says Subir Das, Deputy General Manager, ABJ Shipyards, a private sector company in this space: "There is a huge difference between demand and supply. Only about 400 students graduate every year; the demand is at least three times as large. As a result, salaries are going through the sky. And our order books are full till 2020, so we have to hire."

FACT BOX
WHO'S HIRING: L&T, Reliance, Essar, ABJ Ship-yards and almost every company that owns ships

WHO'RE THEY HIRING: Marine engineers, electronic engineers, electrical engineers, structural engineers, naval architects and sailors who now want shore-based jobs

AT WHAT LEVEL: Hiring is taking place across the hierarchy, from entry-level positions to top management

AT WHAT SALARIES: Entry level salaries are in the range of Rs 6-10 lakh per annum (in some foreign firms this could go up to $3,000-4,000 a month); at mid-levels, salaries typically range from Rs 20-30 lakh p.a.; top level positions can come with eight figure salaries, especially in foreign companies

 

    HOME | EDITORIAL | COVER STORY | FEATURES | TRENDS | BOOKEND | MONEY
BT SPECIAL | BOOKS | COLUMN | JOBS TODAY | PEOPLE


 
   

Partners: BT-Mercer-TNS—The Best Companies To Work For In India

INDIA TODAY | INDIA TODAY PLUS | BT EVENTS
ARCHIVESCARE TODAY | MUSIC TODAY | ART TODAY | SYNDICATIONS TODAY