beed insights Issue 3.pub
Transcription
beed insights Issue 3.pub
BEED INSIGHTS Issue 03 11 September 2014 beed bags another assignment in Rwanda beed management was awarded the consultancy to carry out the study for the “Assessment of Tourism Products Vis A Vis Interna onal Tourism Markets” Sujeev Shakya named senior advisor for BGA Sujeev Shakya has been named Senior Advisor for Bower Group Asia, beed B.O.K Ventures Private Limited is now solici ng applica ons for individuals and a premier business advisory firm based in Washington DC working across Asia Pacific. firms to manage Business Oxygen, the IFC SME Venture Fund Bower Group Asia translates the world’s most complex and dynamic for Nepal. markets into ac onable informa on for its clients. They apply unmatched exper se and experience to help clients develop strategies to expand their businesses, solve problems and do good things in Asia. The BGA team combines top-level strategic input with on-the-ground granular support and focus- beed B.O.K Ventures is a joint venture between beed management and Bank of Kathmandu. Sujeev Shakya represents beed management on the board of beed BOK Ventures and Business Oxygen. Refer to Adver sement in The Himalayan Times dated September 05, 2014 es on Southeast Asia …. More on Page 3 IN THIS ISSUE The Other Side of the Table A er Modi Jugaad: The Nepali Way of Life The Thinkshop Experience Book Feature: Your Network your Net Worth, Porter Gale pile of qualified resumes, alongside ensuring consistency in the hiring process. GET READY FOR THE INTERVIEW Just like the interviewees, the interviewer also needs to prepare in advance for the interview process. It is very important to know the overall func on of your organizaon, and not just your job. If you have been in the firm long enough, THE OTHER SIDE OF THE TABLE ANUP SUBEDI on, here is what these interviews this might not be an issue; however, if you have not been at your have taught me. firm for a very long me, it is nec- GET THE RIGHT PEOPLE IN THE DOOR Before conduc ng the interview it is necessary to screen the resume candidates according to essary for you to prepare. If you are interviewing with a colleague/ partner it is be er to plan for the interview in advance, such as idenfying what specific skills you are Some mes it does not take very of long before one ends up on the knowledge and skills. I have fig- other side of the interview table, ured-out two steps that can effec- considering that I was preparing vely eliminate a number of re- myself for interviews just over two sumes without much of an effort. years ago when I was a senior at Firstly, it is necessary to iden fy the university and today I have in- whether the candidate has the terviewed more than 50 candi- right qualifica ons and skills that dates in the span of two years. fit the job descrip on. And second- Personally, being interviewed has ly, it is important to evaluate never been an easy task for me whether the resume is properly despite the hours of prac ce and organized with a summary state- prepara on. However, now that I ment of experiences and accom- am a part of the work force, the plishments. By following these two DRILLING DEEP situa on has changed. While it is steps I get a clear idea on how well In order to know more about a definitely a relief to be on the oth- the candidate is prepared and how candidate’s er side of the table, the interview serious they are about the inter- ence, and a tude; the interviewer process is not necessarily easy. view. The process of screening needs to go beyond what is on the A er two years of interviewing resumes based on specific criteria resume. Asking candidates how or candidates for the beedtern posi- therefore leaves you with a smaller why repeatedly in terms of their looking for in the candidate, as well as the areas you and your colleague want to cover. The planning will facilitate the interview to go smoothly, and both the interviewers will know when and how to carry the interview forward. Finally, study the candidates resume carefully before the interview and examine what stands out in the resume. knowledge, experi- FINAL THOUGHTS work is a great way of developing a ons among themselves. At beed deeper understanding of the candi- we have an agreed scoring system For the interviewer, the gains of date, and gaging their skills, ability prior to the interviews and we pre- selec ng the perfect candidate can and character. Similarly asking for fer to review candidates and their be inconspicuous but the benefit is specific examples of how they have performance immediately a er the s ll there. It is a great way to earn showcased a par cular skill is also a interview process while the impact credibility and trust from the com- helpful probing tac c. Ask some is s ll fresh. During the selec on pany, and bringing in the best tal- situa onal interview ques ons that process it is also important to re- ent also means that the company you have prepared, and if the can- member that the candidates should can prosper. didate can give you a detailed and be judged against the agreed crite- convincing answer; those are good ria not against the other interview- indicators to consider the candidate ees. Decisions on a candidate for the job. should not be made on the basis of personal impressions, quick judg- GET THE RIGHT PEOPLE IN ments, and presump ons. Rather it THE BUS should be based on a fair assess- A er the interview, it is advisable for the recrui ng team to immediately compare ra ngs and observa- ment of interviewee’s abili es and how the interviewee will fit into the organiza on. ANUP SUBEDI Sujeev Shakya named senior advisor for BGA The BGA team combines top-level strategic input with on-the-ground granular support and focuses on Southeast Asia with a reach that spans South Asia, China and Taiwan. The BGA team has worked in the region for years, suppor ng the world’s top companies. BGA covers the ten ASEAN countries (Brunei Darussalam, Cambodia, China, Indonesia, Laos, Malaysia, Myanmar (Burma), the Philippines, Singapore, Thailand and Vietnam), Australia, New Zealand, Taiwan, India and South Asia (Pakistan, Bangladesh, Nepal and Sri Lanka). BGA helps the world’s premier companies and organiza ons understand how governments, systems and individuals work, and develop plans to achieve goals based on deep understanding and access to informa on. BGA’s clients include the world’s premier corpora ons, top financial companies, private equity and hedge funds, and dedicates a por on of its exper se and me to outstanding not-for-profit organizaons on a pro bono basis. James Moriarty, Former US Ambassador to Nepal, and Persis Khamba a are the other members of the Nepal Prac ce. (adapted from BGA's website) credit line then we will not need to borrow from mul lateral agencies that have currency risks a ached to them. More usage of India’s credit lines would mean less use of mul lateral money, which would ul mately result in ques oning the importance and necessity of mul lateral agencies in the first place. If Modi succeeds in ge ng Nepal to use his credit line, then he will surely spark ques ons on the necessity of global mul lateral agencies in the en re region. Therefore, AFTER MODI the idea of bringing back the Asian this is a great test case for him to dominance of the 16th-17th cen- work on. turies. He would like to work to- SUJEEV SHAKYA gether with Japan, China and other One of the best things about the Asian countries to redefine how Indian Prime Minister, Narendra the global economy will be shaped Modi’s visit was how Nepal trend- over the next 30-50 years. For his ed on Twi er and other social me- global ambi ons, se ng the neigh- dia sites for posi ve reasons. It is borhood right is important. Engag- very rare to remember an occasion ing with Nepal, Bhutan and Bangla- where Nepal has been discussed desh is a low hanging fruit for posi vely, and Nepalis themselves Modi. Ensuring that the neighbor- have taken things posi vely. If one hood prospers by providing a $1 thing that PM Modi did very well billion credit line becomes really were to be singled out, it was to worth it when you secure the glob- ignite hope amongst Nepalis while al ambi ons of a $2 trillion Indian also sending a clear message, that economy! if you want change, it has to come Modi also seems to be experi- borders into bridges? Many Nepali from yourself. men ng with credit lines and so poli cians have survived on an - loans, the likes of which mul lat- India rhetoric as their poli cal eral agencies provide. agenda. How will that change MODI’S GLOBAL PLAN A er Jawaharlal Nehru, Modi would be the second Indian leader to harbor a dream to take leadership global. As a visionary, his dreams are big, centered around STAYING IN SYNC The challenge for Nepal now is to see how we sync with Modi’s vision. Nepal decided to release a postage stamp with a man who is trying to build informa on highways and use space technology to help the region. While all lawmakers applauded when he spoke, I am not sure how many really understood what he meant. How many have really thought of what will it mean to have integrated infrastructure or how we can convert now? What will be the future when A credit line is what mul lateral the punching bag is gone? agencies have offered Nepal uncountable mes in the past. Modi is talking about the generaon of thousands of Giga wa s of If Nepal can actually use Modi’s electricity. He is talking about mil- lions of tourists. He is talking about the Himalayas as a center for global healing and holis c care. When zeroes increase, we Nepalis do not know how to react. Will we be able to rise to the occasion and consider the fact that we are talking about hydropower development of $10 billion, tourism investments of another $5 billion and infrastructure investments of $20 billion. When PM Modi announced a $1 billion credit line, everyone thought that was a big number. However, we would need a $20 billion credit line countries. It is difficult to under- fes val is over. The me is for ac- over the next five years to really get stand how the protec onist private on. Ac on to ensure that we first development moving. We did not sector will accept more foreign in- understand the implica ons of this seem to know that $1 billion is a vestment or how people thriving on visit, make plans to build on the small figure when it comes to a the informal trade of oil along the euphoria it has generated, make country’s development. This re- border will accept the decision of a plans to build teams who will help flects what is big and what is small pipeline. We need to find newer follow through and take all neces- for us Nepalis. mechanisms to engage with serious sary steps to implement the plans. ACTIVATING FORMAL CHANNELS A er Modi’s visit, it is important to ensure that we re-ac vate formal mechanisms, be it Joint Commi ees or new formal structures to deal with agreements and trea es. Ne- folks in the business community. The current structures of delegaons that focus on photo-ops rather than real reforms will not go a Here is a unique opportunity to make Unleashing Nepal a reality, we should not miss it. long way in bringing about change in the way we deal with trade and investments. Published in The Kathmandu Post on August 04, 2014 IMMEDIATE STEPS palis love to work the informal way. The importance of poli cal clout If the poli cians who thumped ta- and poli cians themselves will be bles in Parliament during PM reduced if such structures are im- Modi’s address on Sunday really plemented. But we cannot sacrifice mean to follow up on what he said, long-term interests for short-term the key litmus test will be whether gains. Similarly, with regards to in- they appoint an ambassador to In- vestment and business, there have dia with the utmost urgency. Why to be working groups that will work can’t someone be named before to ensure more movement of trade August 15th, India’s Independence and investment between the two Day? With Modi’s departure, the SUJEEV SHAKYA WITHIN THE GOVERNMENT Poli cal instability and poor development are the overarching problems faced by the country, both of which are further hindered due to the lack of vision and planning for the future among our elected leaders. Their mantra so far has been to confront problems in an ad-hoc manner.. The poli cal par es may have vastly differing perspec ves over issues, but when met with an JUGAAD We Nepalis have been prac cing The Nepali Way of Life! this art in our daily lives since the me of our forefathers. We have somewhat been socially condi- SUDIP BHAJU oned into developing a calm and pa ent a tude – accep ng what The way Nepal's law and order op- we have and making the most of it. erates is usually surprising to peo- One can say that the proverb ple, given that the poli cal system is riddled with chaos and mayhem. Even though it possesses all the indicators of a failing economy, it is commendable that Nepal is s ll growing at a nominal rate. We are used to op mis cally leaving our fate, including Nepal’s fate, in the hands of the Gods. I have realized that it is not just Gods and miracles “Jugaad (जग ु ाड़) is a colloquial Hindi-Urdu word that can mean en re essence of the country’s thriving operability – Jugaad. ability to improvise and come up with a temporarily effec ve soluon at the me. Therefore, our poli cal leaders are the biggest jugaads who can swi ly deal with unforeseen challenges and seize the opportuni es that arise from them solely so they can remain in power. While our poli cal leaders lead the pack, our bureaucrats and govern- simple work-around.” complish official paperwork and behind. It is a daun ng task to acformali es in the various government offices. In light of such cir- ‘beggars can’t be choosers’ has been well ingrained in us. We have therefore managed to master the art of survival through the use of improvised or makeshi solu ons, Jugaad (जुगाड़) is a colloquial Hindi- they mostly rely on their innate ment officials do not lag very far something that we have unknowIt is what I believe summarizes the jeopardize their poli cal posi on, an innovative fix or a that have brought us this far, but ingly inherited from our ancestors. unexpected hindrance that could using scarce resources at our dis- Urdu word that can mean an inno- posal to address our endless social va ve fix or a simple work-around. and economic problems. cumstances, we have brokers who have seized the opportunity to provide these services efficiently and economically. They have resourcefully improvised solu ons for people who do not mind spending an extra dime on “tea and coffee expenses” in collabora on with gov- ernment officials. By paying an ex- they have and make the best out tra fee jus fied as an opportunity of the situa on, o en reaping the cost for the energy and me, bro- profits of an otherwise overlooked kers have guided us to adopt the market. jugaad way to get our work done at super-sonic speed, but engaging in dubious prac ces o en involving ge ng around the law in some manner. By demonstra ng agility and their innate ability and connecons, these brokers have an cipat- There are several innova ons we come across in our daily lives, but only a few have made a big impact. These include the innovators of “… the fairly educated mechanics in Nepal who can fix any problem with your vehicle at the most affordable cost the smokeless chulos (cooking stoves), which are popular in the rural hills and mountains, which have come together and har- uses less than half the firewood nessed electricity through the mi- needed for the tradi onal chulos, cro hydel projects. The projects meanwhile genera ng more heat are run by the village commi ees and being nearly smokeless. In ad- who oversee the maintenance, di on, they also func on as a In addi on to jugaads, we also have management and service charge hea ng system providing hot wa- the posi ve side of jugaad, the ju- making this model more reliable ter and space hea ng. Most of all, gaad innovators, i.e. those individu- and cheaper. they are cost efficient and pro- als that have developed fairly good mote be er health condi ons with There are no excep ons to the rule “value for money” solu ons in the their low emissions of carbon. in jugaad because each one of us ed the obstacles and seized unexpected opportuni es thus, qualifying them as jugaads. JUGAAD INNOVATORS adopts some means of jugaad in most adverse circumstances using organic strategies that are emer- Another example is the develop- our everyday life. It is a tool that gent and modeled around the com- ment of Arsenic Biosand filters. can be used for good if in the right mon man’s needs. Examples of This is especially used in the Terai hands and bad if it lands in the these kinds of innovators are plen - districts where the ground water is wrong hands. More than anything, ful in Nepal. Take for instance the contaminated with arsenic par - it is crucial to be aware about women who have come together to cles that have posed severe health which side of the fence we are on form co-opera ves and commer- hazards in the community. The when adop ng jugaad at any point cialize food items like the sel/ro , development of Arsenic Biosand in our lives, both on professional meat and pickles and even run tra- filters, which is an adap on of the and personal levels. di onal eateries in Kir pur; the fair- Biosand filter, has helped the peo- ly educated mechanics in Nepal ple of Terai access clean drinking who can fix any problem with your water at an affordable rate. vehicles at the most affordable Similarly, at a me when the coun- cost, and even companies like hari- try is facing acute power shortag- lo.com that have made access to, es, there are few remote villages and purchase of goods from differ- with access to electricity without ent US and UK based sites possible being connected to the power grid by simplifying payments and logis- or any of the “groups” of Nepal cs. They all work with the skill sets Electricity Authority. These villages SUDIP BHAJU exactly what the par cipants were One major sec on of the thinkshop made to do. I no ced that iden - that really hit me was idenƟfying fying ones gaps in terms of what my gaps. To look at oneself and one wants to achieve from life, point out one’s shortcomings is not gave the par cipants a clearer per- an easy task, however it is a neces- spec ve on what ac ons they sary step for constant improve- needed to take to fill these gaps ment and adapta on. Iden fying and move ahead in life. my gaps helped me consider the solu ons to these gaps, and how I SERABLA RUIT As a young individual, I understand could work towards filling these how easy it is to get sidetracked gaps. Without the thinkshop I am when something doesn't interest unsure whether I would have real- you. We tend to look for things ized my gaps, let alone consider that excite us and doing the same ways of filling them, on me. I real- thing for extended amounts of SERABLA RUIT ized that taking ac ons to fill these me tends to make us restless. A gaps gives us a sense of purpose as “Thinkshops” were a completely four hour talk program therefore it takes you one step closer to your new experience for me, as I had seems like a tedious job. However, goals. Iden fying and filling my never a ended such a program. surprisingly everyone seemed to gaps, I realized, are just small ini a- The Thinkshop combines work- thoroughly enjoy the program as it ons from my side to make my life shop modules with coaching and turned out to be much more fun facilitates the process of self- than expected. Having been a part realiza on to help one achieve of a few thinkshops, I can deduce Mo va on has always been im- ones poten al. that this is because it never feels portant for me and I've felt the like someone is preaching or trying need for it in everything that I do. The first thing I no ced was the to teach you something, rather it is Whether it is a small gesture palpable excitement amongst the a collecƟve thinking process with shown by a loved one, or someone par cipants guided cues and high involvement inspira onal, among par cipants. meaning to my life and the drive to THE THINKSHOP EXPERIENCE a ending the “Unleashing You Thinkshop”. With- be er and fulfilling. Addi onally mo va on gives move forward. The thinkshop ex- in the next four hours they would experience a program that would We o en take part in programs, perience was therefore a major give them a chance to explore but seldom give it much thought in eye opener for me to delve into themselves, consider the impact of our daily lives. However the myself, explore the different possi- a constantly changing environ- thinkshop is outlined in such a way bili es that life has in store for me, ment, and consider what it means that par cipants are given insights be aware about the changes that to be part of this con nually as well as the opportunity to cri - take place around me, and consid- changing paradigm. cally examine their point of view. er it effects on myself and others. The thinkshop also uses mo va- *** The thinkshop is a different take on the Delving into your inner self and onal videos that facilitates the consciously evaluaƟng your skills thinking processes for par cipants ership Centre usually conducts. It is a part of a and gaps is something that few and make quite the impact. series of programs that is going to take place people indulge in, and that was regular two day thinkshops that the Beed Lead- over the course of one year and is targeted to the youths of various parts of Nepal YOUR NETWORK IS YOUR NETWORTH BOOK TO WATCH tuni es are not the same animals sions, making meaningful connec- that they once were, and we need ons, which in turn increase your to shi our a tudes and approaches accordingly. Networking has Networking doesn’t have to be that evolved from a transac onal game frenzied old-school game of calen- to dars packed with stuffy power Whereas once it was about power lunches and sterile evenings at plays, now it’s about char ng your community own course, following your pas- business gatherings. a transforma onal process. happiness and produc vity. In addi on to chronicling her own rise from an ad agency intern to an in-demand consultant, Gale also shares the inspiring stories of so many others who live by this net- We’ve entered a new era, one in working model: a military wife who which shi ing cultural values and connects with social media com- the explosion of digital technology muni es while her husband is de- enable us to network in vastly more efficient, more focused, and more enjoyable ways. A fresh take on How to Win Friends and Influence People, Your Network is Your Net Worth is an entertaining, straigh orward guide filled “Unlock the Hidden Power of Connections ployed overseas, a young woman blogger ba ling leukemia, a dyslexic poli cian who wins elec ons by for Wealth, Success telling stories, and the CEO of a and Happiness in the once made a phone call that Digital Age” Major League Baseball team who changes the course of his life. with revealing case studies, hands- When you focus on your passions on advice, and innova ve strategies and reorganize your networking for building your network. Wri en around your values and beliefs, by sought-a er speaker, entrepre- you will discover the kind of las ng neur, and marke ng execu ve Por- rela onships, personal transfor- ter Gale, with a foreword by Apple ma on and ul mately, tangible evangelist and bestselling author wealth that are the founda on for Guy Kawasaki, this book shows you happiness and success. With a how to establish, expand, and nur- message both ture your connec ons both online portant, Your Network is your Net and off. Worth is the defini ve handbook mely and im- to Networking. New ways to network are popping up every day and Gale tells you how to make the most of them, but even tradi onal networking oppor- *** This is an extract from the book beed completes six years six years of positive transformation beed management private limited Contact Us beed management is an interna onal management consul ng and financial beed management advisory services firm working in Nepal, Bhutan and Rwanda. Since its estab- P.O Box 7025 lishment in September 2008, we have served over eighty clients inside and Krishna Galli outside Nepal. Lalitpur - 3 Nepal Having worked with over 80 clients in over 20 industries, we are trusted advisors to many of the most influen al businesses and ins tu ons in Nepal. Our (+977) 1 - 5548400 people are our assets, and over 100 individuals have gone through the beed experience. Email [email protected] We believe in collabora ng to yield innova ve solu ons thereby posi vely transforming individuals and organiza ons. We deliver consul ng, manage- Visit us on the web at ment and advisory services by orchestra ng innova ve glocal solu ons www.beed.com.np (locally contextualized global solu ons) using our diverse industry experience. in the business of posi ve transforma on beed invest pioneered the con- The Nepal Economic Forum (NEF) beed leadership center (BLC) is a cept of por olio management in is Nepal’s premier economic poli- division of beed that works on Nepal, and is the first opera onal cy and research ins tu on. A non posi ve transforma on of indi- por olio management company -profit organiza on led by beed viduals, and explores the domain licensed by Securi es Board of management. of leadership development Nepal (SEBON) the regulatory through self-discovery. body of Nepali capital markets. NEF strives to re-define the economic development discourse in BLC conducts leadership pro- Beed invest is a part of the beed Nepal, and is working on grams for different individuals & eco-system anchored by beed strengthening the Nepali econo- organiza ons. The "Unleashing management, a management my through various ac vi es that Nepal Unleashing You" leadership consul ng and financial advisory promote the growth of an effi- thinkshop has been the most services firm. cient and inclusive private sector. popular program delivered. beedinsights is an in-house produc on © beed management private limited, all rights reserved. Photo Courtesy for Page 4 & 5 - The Kathmandu Post, Times of India