Watering a few saplings the Milagrow way!
Posted by Rajesh Kumar, 'IT Doctor' and Business Head, Portal Solutions
While industry in general have the propensity to organise their CSR initiatives around visits to old age homes, participate in green campaigns, or impart computer training to the under-privileged, we at Milagrow have chosen a different way. Every month, on a day dedicated to CSR, we choose to water a few saplings. Today was one such day. We choose to call this gardening initiative as Venture Doctors. Read on why.
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My First Day as an Entrepreneur...
- By e-mail from Veera Mavalwala
The First Milagrow Entrepreneur...
-an e-mail from Veera Mavalwala
Here is an email we received recently from one of the Milagrows.. It represents our entrepreneurial spirit
Dear Friends,
I am very happy to inform you that Milagrow has its first Entrepreneur!
Today I 'retire' after 42 years of service but not from work! I have decided to fulfil a dream of mine which has been 'resting' for a long time but now I think is taking shape - a friend of mine and I are starting an Academy or a 'finishing school', primarily focused on training Executive Assistants of CEOs, MDs and Company Directors. The training will also include Personality Development, Grooming and other related aspects. We will be based in Delhi and hope to commence classes from 1 May 2009. I will keep you posted.
Please do keep in touch. It has been great working with all of you and I pray Milagrow grows to greater heights and Rajeev remains a 'Role Model' for all past and present Milgarowites!
Thanks Rajeev and Shobha for your inspirational and kind words today. All the best!
Why is it difficult to approach Government
- Contributed by Tapan Bhatnagar
As a Senior Minister recently stated during an International conference, “Approaching the Government is for help is like asking for a Kiss of Death”, but what I fail to understand is Why is it that the Government which is Of the People, By the People and For The People portrayed in such a Mafioso style.
Though there can be many reason for this the two reasons I can attribute to this is Corruption and Red Tape. Let me talk from a personal perspective for each of the reasons I have stated.
Ethics for SMEs
-Contributed by Kanak Dutta, Knowledge Buddy
Business ethics set the standard for how your business is conducted. They define the value system of how you operate in the marketplace and within your business. With legal scandals concerning insider trading and employee theft making the news, it is no wonder that businesses are increasingly giving attention to the ethical basis of their business and how to lead in an ethical way. While the examples above seem to be clear-cut breaches of ethics, many ethical dilemmas that are not so clear-cut are faced on a daily basis in business. In fact, there may not even be a “right” or “wrong” answer to the dilemma, but how you deal with it will says much about you and your business.
These decisions are often referred to as being in the “gray” area. They are not black-or-white, but could be argued appropriately either way.
Importance of Business Ethics in your company
Internal Maintenance Contracts - A Best Practice?
-Contributed by Sarath Srinivasan
Recently I visited the facilities of a 'service' retail outlet in a small town in Nagpur. The interesting aspect was that the owner of this enterprise had trained his employees to perform maintenance on the equipment. The innovation from his side was that he had done with by awarding maintenance contracts to individuals within his organisation. So if there were 4-5 machines to be maintained in a shop, each had a maintenance contract which was given to a person working at the shop. This person was then trained to perform the job. By providing a monetary incentive for maintenance in the form of a service contract he was able to ensure that his equipment was taken care of. This would also ensure that preventative maintenance is undertaken on a regular basis. Esepcially if the maintenance contract is on a fixed fee basis, it make so much more sense for the person to maintain the equipment and ensure no failures rather than spend inordinate amount of time trying to repair failed equipment under time pressures.
World SME Conference Event Flow
-Contributed by Veera Mavalwala
Day 1 of the World SME Conference organized by Milagrow Business & Knowledge Solutions kicked off on 12 December 2008 with a simple ceremony of Release of Milagrow Study “State of India MSMEs 2008” by Dr Jagdish Sheth, Charles H Kellstadt Professor of Marketing in the Goizueta Business School at Emory University, followed by an inaugural address by the Founder Director Mr Rajeev Karwal welcoming the august gathering of Speakers – from India and overseas - Government officials, media and a hall full of delegates from all over India. During the day other Milagrow Studies were released -“Government backed initiatives and the progress of MSMEs in India” and “Women Entrepreneurs of MSME Clusters in Hyderabad – How Women bettered Men”,
The Milagrow Values
-Contributed by Team Milagrow, Compiled by Sarath Srinivasan, Knowledge Guide
When the entire Milagrow team got together in July 08 to define the Vision of the company we also listed what we believed were the values and culture that bound us together.
Our Values
- Ethics – Integrity, Honesty and Transparency in what we do
- Trust – Believe in People
- Respect – For all Stake Holders
- Commitment – Own everything we do
Our Culture
World SME Conference 2008, A "first" in the truest sense of the word..
-Contributed by Tapan Bhatnagar
The Milagrow World SME Conference concluded successfully on the 13th of December 2008. The conference was a tremendous success, and I'm not shooting off the cuff here. The success of the conference is measurable in terms of the number of speakers, number of delegates, Press attendance, number of Partners, profitability, number of press ads etc.
The conference to an outsider would look like Mission Impossible part I - II - III combined, but here at Milagrow, as with any other projects, we are strivers. The conference was properly conceived and though we were on a road less travelled, we were sure of the positiveness of the outcome. The idea was conceived almost a year back with basically two ideas:
I. Bring Global MSMEs on a common platform to interact with each other as well as with industry captains and govt officials to interact and understand the challenges faced by the MSME ecosystem.
II. Take a leap as an authority in the MSME space in India
The Delegates at the Conference
-Contributed by Charu Gupta, Knowledge Buddy
The 1st World SME Conference organized by Milagrow was a huge success and went off very well. I was a part of delegate registration team where we approached various Associations, Banks, Retail and IT Companies specifically dealing in SME sector who could participate as delegates and gain from the conference. The Mumbai blasts tragedy had just struck the whole country few days before the conference but that too didn't deterred us and also our participants and we saw massive participation from the industry and the event was attended by more than 250 delegates.
