iNM August, 2012 | Page 33

General Management Sense of Urgency: Nobody remembers the second person to set foot on the moon, similarly, in life and in business, being second has no advantages. A sense of urgency and craving for immediate action makes an entrepreneur more mindful and resilient. Optimism: The difference between winners and losers is how they choose to look at things. With firm belief in oneself things deemed impossible become reality. Copernicus, Galileo, and Edison were opposed, but that in no way changed what they did. A thousand failures can’t hold back a man who isn’t adversely affected by failure. Passionately Driven: It is said that work creates stress, but stress only affects those who let it become strain. When you love what you do, you don’t get tired or frustrated. Passion can create an environment to obtain peace of mind and consequently help take the firm close to its mission. Uncertainity Tolerance & Action: While doing something for the first time, the margin of error is high. This holds true without exception, but the ability to maneuver one’s way around problems can ensure it remains manageable. Most organizations fail because of not having taken decisions in time, not because of the seemingly incorrect ones. Inaction can lead to a dramatic increase in the chances of failure. Curiosity: The ability to learn stems from need, but few can draw out their true potential and leverage their strengths to create better solutions. Knowledge is power. The willingness to learn unfettered and the zeal to acquire knowledge and internalize it leads to excellence. It’s not about knowing the answers; it’s about asking the right questions. Systematic Thinking: Some of the greatest breakthroughs we know happened by chance, but the people who help channelize eccentricity make excellence a choice, and hence success becomes a habit. Being systematic in doing things differently helps one see through the requirements of evolving society. It helps people appreciate the importance of regular effort and sincerity, leads to better results and can be internalized in the Networking Talent A person’s ability to succeed is measured by the number of people and the extent to which a person can influence. Being independent helps one rely on one’s talent and acumen, but in an age of interdependency, the ability to leverage others’ strength is more important than the ability to master one’s own. Thus upcoming and new organizations which face a lack of interaction with the market can avail the benefits and showcase the strengths that they posses in order to reach out to the market or maintain cordial & functional relationships within the contemporary corporate framework. Conclusion: By incorporating these values into one’s mind and innovatively solving problems make change happen. Hence keeping in sight all of these points we can make entrepreneurship a way of life. form of best practices which reduce the amount of rework needed to exercise brilliance repeatedly. Belief in Change: Change helps uphold sustainable innovation while complementing it with disruptive innovation. Change is choice. Change is inevitable. If you can change with time, you can change the times. Change begins within. It help sustain growth and hence amounts to value creation. iNM - Magazine 30