A Quote by Mohnish Pabrai
The government has to be flexible in Air India sale price, structure, and employee management plan.
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I'm a sucker for a sale. I don't understand why anyone wants to pay full price for anything because everything goes on sale. I love sale websites. In fact - this is almost kind of embarrassing - I'm coming from an Isabel Marant sample sale.
The effect of the foreign direct investment of Etihad in Jet Airways and the implied bilateral agreement of air services between India and the UAE has primarily damaged Air India, which is a government-owned airline with huge assets that are extremely valuable.
The management system which makes only a pretense of valuing employee involvement and encouraging employee empowerment merely breeds cynicism.
What I find in a creative company is while there is a desire to build a management foundation that can feel clear and consistent, the unique product we're in Illumination Entertainment making doesn't always allow for that. So rather than following management strategy that talks about building your structure and then staffing that structure, I tend to build the structure around the strengths of the individual people we have.
Our policy is not to discourage the private sector, but to see that Air India plays the role of flagship in the industry. In the transport sector, Air India is the 'fate of India' and all efforts will be made to restore its past glory.
Meanwhile, what about the workers in those state monopolies that are being put up for sale? I am reminded of a technique for employee ownership that has worked well for many U.S. companies. It goes by various names, but the best known is "Employee Stock Ownership Program," or ESOP.
The Ministry of Civil Aviation should strongly recommend to the cabinet that Jet Airways should be merged with Air India, not only to ensure air services are not restricted but also to enable Air India to recover its former premier position.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.
Failure of management to plan for the future and to foresee problems has brought about waste of manpower, of materials, of the machine-time, of all which raise the manufacturer's cost and price that the purchaser must pay
Branches or types are characterized by the plan of their structure,
Classes, by the manner in which that plan is executed, as far as ways and means are concerned,
Orders, by the degrees of complication of that structure,
Families, by their form, as far as determined by structure,
Genera, by the details of the execution in special parts, and
Species, by the relations of individuals to one another and to the world in which they live, as well as by the proportions of their parts, their ornamentation, etc.
Everything is now for sale. Even those areas of life that we once considered sacred like health and education, food and water and air and seeds and genes and a heritage. It is all now for sale.
People always get what they want. But there is a price for everything. Failures are either those who do not know what they want or are not prepared to pay the price asked them. The price varies from individual to individual. Some get things at bargain-sale prices, others only at famine prices. But it is no use grumbling. Whatever price you are asked, you must pay.
You're with me, Sadie. When you're off the clock, you're not my employee. You're my.. Air." I frowned at him. "Your air?" He grinned. "Well, girlfriend seems to be a shallow word for what I feel for you.
What the world needs is a small, compact, flexible fusion technology that could make electricity where and when it is needed. The existing fusion program is leading to a huge source of centralized power, at a price that nobody except a government can afford.
There's increasing consciousness that a "command and control" style of management which one associates with a male model isn't necessarily what works anymore, especially with small to medium sized companies. There's increasing evidence that a more flexible management style, where responsibility is distributed up and down the line, is what works best. And that kind of management style is one that will allow individual workers more flexibility - men and women.
Ensure that both plan and dispositions are flexible, adaptable to circumstances. Your plan should foresee and provide for a next step in case of success or failure.
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