“Entrepreneurship is living a few years of your life like most people won’t,
So that you can spend the rest of your life like most people can’t”
Students do Post graduate diploma in Management to become something in life. You get a learn a lot. Time is changing, Industry is changing and the style of doing business is changing with it.
Earlier when student used to go for Post Graduate Diploma Courses, they used to taught a lot of values which would help them become successful in whatever industry they go. With changing time, below 5 teachings are becoming obsolete and are no more taught in the schools however still found in workplaces:
- Failure is not an option
This notion that taught students that you absolutely always have to succeed made them unable to take risk. Bill Gates once said, “It’s fine to celebrate success but it is more important to heed the lessons of failure.” It is scientifically proven that putting pressure on people to always succeed decreases their effectiveness and hence they become less productive. This would not only hamper the daily work but would also kills the innovation drive in the employees which would be bad for the organisation.
The new notion – Failure happens. Take calculated risk and if still you fail, deal with it.
- Customer is always right
This is the old saying which could never go old – The customer is king. As much as I agree with this, I disagree on a single factor that you should never make your employees unhappy in order to make a single customer happy. Remember your employees are the ones who are your face to the customers. Making them unhappy can make your larger customer base unhappy which you would definitely can’t afford.
The new notion – Happy Employees make Happy Customers
- Do not get satisfied ever
A good business model is the one that always want more. We beg to differ here. Having this notion is a bad mistake which lies on a misconception that being satisfied would mean you will stop making effort. But this is a wrong notion. A constant sense of dissatisfaction also breeds a negative environment in the organisation and therefore affects productivity of the employees.
The new notion – Be appreciative but never complacent
- Nice guys do not last long
It is often believed that being nice hinder your career growth but that is so not true. You should be nice at work. Only a delightful person would create a positive energy for others to work as well.
The new notion – Nice guys know how to get the job done.
- Grow or Die
This is a common notion that a business either grows or die that is a business is only successful when it is growing. But this is a wrong notion. Growth although creates a positive environment and increases future opportunities but sometimes all you need is take some time to consolidate your existing business and then seek for growth. Growing at a very fast pace can also lead to consequences which are not good for company’s existence.
The new notion – Grow when you get to grow.