Management lessons for future managers

1. Management lessons for future managers Inspired by the world of Sports and entertainment

2. “The end result we all know, let’s learn from the path taken” 1986 : ManUtd lost the first game it played under Sir Alex Ferguson. It finished the season at 11th place 1988 : ManUtd finished the season at 2nd place 2013 : After 27 seasons -13 championships, 7 second place finishes, Sir Alex retires 2014 : Sir Alex takes up teaching position at Harvard University to take a course titled “The Business of Entertainment, Media and Sports” Never give up Following a run of 7 games without a win in 1989-90 season, Sir Alex almost lost his job before a match that changed everything. ManUtd defeated Forests, who were defending champs 1-0 Build An Enduring Institution Of Which People Want To Be A Part With a 27-year reign that’s eclipsed that of most CEOs and political leaders, Ferguson has excelled in managing multi-generation succession at his club. No-One Is Bigger Than The Team Ferguson’s genius has been to make everyone understand that the glory and the riches that they enjoy flow from being part of a winning team. It doesn’t matter how big a star you are. The team is always bigger. KeyLessons Do not let problems fester but tackle them head-on As Ferguson says, “No one likes to get criticized. But in the dressing room, it’s necessary that you point out your players’ mistakes. I do it right after the game. I don’t wait until Monday, I do it, and it’s finished. I’m on to the next match.”

3. Most entertainment is an escape from reality, sport is an escape into reality. May it long be that way ~ HarshaBhogle 1985 : Graduates from IIM – Ahmedabad and starts working at a very prestigious firm HUL 1992 : First Indian Commentator to be invited by the Australian Broadcasting Corporation 2008 : voted by readers of Cricinfo as their ‘most favorite cricket commentator’ He has authored numerous best selling books till date and also runs a sports based communication consultancy called Prosearch along with his wife Mrs Anita Bhogle Show a willingness to pass the ball. Be the one who builds the goal rather than scores it Meet resistance with a smile. If you are persistent with your work, acceptability will follow sooner or later Work Ethics Mr. Bhogle is known among his fellow competitors for this rigorous work ethics. He believes consistency in output, in ay profession, is a direct function of his work ethics Knowledge of your work is everything you need to belong to your workplace KeyLessons Take the plunge : Mr. Bhogle left advertising job and pursued his interests as a full time commentator Share Knowledge : In his own words, “Excellence is also having the confidence to share knowledge” Make mistakes, but never repeatthem.

4. The Dark Knight Trilogy 2005 : Batman Begins The movie highlights the transformation of a weak, guilt ridden human being into a symbol of hope, justice and threat for evil forces. 2012 : The Dark Knight Rises “A man can be killed, but a symbol remains imprinted in people’s psyche.” Batman establishes himself as symbol and thus supporting the notion that everyone can be a Batman. 2008 : The Dark Knight The Dark Knight ingeniously explores that good and evil are the two sides of the same coin and how easy it is to become the evil that we fight. “Endure, Master Wayne. Take it. They'll hate you for it, but that's the point of Batman, he can be the outcast. He can make the choice that no one else can make, the right choice” Enjoy Your WorkJoker might have been a psychopath but the creativity he brings to his work is because he enjoys what he is doing Fear Failure In Order To Succeed “You do not fear death. You think this makes you strong. It makes you weak …  How can you move faster than possible, fight longer than possible without the most powerful impulse of the spirit: the fear of death?” Organizations Need To Be Built Around Ideas, Not People “People need dramatic examples to shake them out of apathy and I can’t do that as Bruce Wayne. As a man I’m flesh and blood. I can be ignored. I can be destroyed. But as a symbol, as a symbol I can be incorruptible, I can be everlasting.” Actions Matter More Than Intentions “It’s not who you are underneath, it’s what you do that defines you.” KeyLessons Learn From Failures “And why do we fall, Bruce? So we can learn to pick ourselves up.” Reference : http://www.forbes.com

5. INDIAN PREMIER LEAGUE 2008 : IPL started as the BCCI’s response to the challenge posed by Zee’s Indian Cricket League 2010 : IPL becomes the first sporting event to be broadcasted live on YouTube 2013 : IPL’s brand value is estimated to be around US $3.03 billion 2014 : IPL goes abroad for the second time, half the leg is hosted in UAE Individual brilliance will open the first door, but definitely not the last one Dale Steyn with his devastating bowling has propelled Sunrisers many a times to victories but that is never going to be enough to take them across the line, it’s the team that needs to be strong Only change is permanent The old must always make way for the new. The IPL also saw cricketing legends like Shane Warne and Adam Gilchrist bid adieu to the game and make way for the next generation of cricketers. Innovate at work Cheer girls, spider cams, umpire cams, max sixes award and expressive Bollywood actors all give the audience a secondary reason to follow IPL. Whatever inspires fan following, why should the business bother. KeyLessons Founders sometimes get thrown out What connects LalitModi and Steve Jobs? Both got thrown out from the ventures they created! Reasons of course don’t connect Spot the troubleshooters Every team needs individuals who perform well under pressure. Chasing 70 runs in last 5 overs or performing with two days remaining for deadline involve the same set of skills. You need to identify such people in your team to win

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