Management lessons for future managers

Inspired by the world of Sports and entertainment

“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”

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No-One Is Bigger Than The TeamFerguson’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.

Build An Enduring Institution Of Which People Want To Be A PartWith 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.

Do not let problems fester but tackle them head-onAs 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.”

Never give upFollowing 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

Most entertainment is an escape from reality, sport is an escape into reality. May it long be that way ~ Harsha Bhogle

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

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Knowledge of your work is everything you need to belong to your workplace

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 laterTake the plunge :

Mr. Bhogle left advertising job and pursued his interests as a full time commentator

Make mistakes, but never repeat them.

Share Knowledge : In his own words, “Excellence is also having the confidence to share knowledge”

Work EthicsMr. 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

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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.”

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?”

Learn From Failures“And why do we fall, Bruce? So we can learn to pick ourselves up.”

Enjoy Your WorkJoker might have been a psychopath but the creativity he brings to his work is because he enjoys what he is doing

Reference : http://www.forbes.com

The Dark Knight Trilogy

2005 : Batman BeginsThe movie highlights the transformation of a weak, guilt ridden human being into a symbol of hope, justice and threat for evil forces.

2008 : The Dark KnightThe 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.

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.

“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”

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 YouTube2013 : IPL’s brand value is

estimated to be around US $3.03 billion

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Innovate at workCheer 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.Founders sometimes get thrown outWhat connects Lalit Modi and Steve Jobs? Both got thrown out from the ventures they created! Reasons of course don’t connect

Individual brilliance will open the first door, but definitely not the last oneDale 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 permanentThe 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.

Spot the troubleshootersEvery 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

2014 : IPL goes abroad for the second time, half the leg is hosted in UAE

Thank You