Friday, October 24, 2008

Kama and Kamakshi Approach

Here is an insightful article i picked up..

Kama is the love god who shoots arrows that will spawn desire in the heart of hermits.
Kama seduces rishis like vishwamitra with apsaras like Menaka. Kamakshi is the name given to Godess Parvati, princess of the mountains. In the East she is known by the name Kamakhya. She holds all the symbols of Kama- the parrot, sugarcane, lotus flower. While there are no temples dedicated to Kama, Kamakshi is worshipped as Godess. Kamakshi's approach was radically different from Kama's. She appealed not the base instinct of Shiva but to his higher insticts: his head and his heart. She knew Shiva was beyond lust. No dance would arouse him. The more she thought about Shiva, the more she realized that beneath the indifference there lurked infinite compassion. She decided to tap into it. She wanted Shiva not to reject human imperfection but to be tolerant of it. She demonstrated her intention by subjecting herself to great penance, standing on one foot and meditating, fasting, not sleeping, immersing herself for days in the cold river. Eventually sensing her intergrity, shaken by her determination, Shiva came to her and agreed to do whatever she asked of him. Kamakshi asked him to marry her. Thus she got Shiva not with lust but with love.

Now why am i reeling this puranic story to you, you might ask? when this is extrapolated to our business, it gives tremendous insight to our cultural approach to work. Markets too work on this wooing strategy, just the difference here is that its the customers companies are trying to woo. In the Kama approach, the customer is equated to the Rishi who is constantly craving for the next best deal, to reach the next best level. Shoot an arrow, offer instant gratification,lower prices, hike incentives and boom- you are successful. how long will the daze last? until another apsara in the market- a competitor offering even lower price or higher pay packet. The rishi who was seduced with your deal is bound to get seduced by that too. Lust can never create loyalty.
While Kama thinks of Shiva as a prey to be struck down by arrow. Kamakshi approaches Shiva with Awe and Reverance. Kama thinks of instant gratification while Kamakshi thinks of life long commitment. In the Kama Approach, focus is on lust(price/hike) rather than bride(product/ organization). In the Kamakshi approach, focus is on the bride and groom. What does the bride actually offer?why? what does the groom seek? Why? Can there be a true wedlock or will be just another casual affair? this implies less insights into trimming the cost and more discussions into consumer insights and employee feedback. Rather than trying to increase the market share of the product by lust(price cuts and incentives) it would do good to make sure that the product meets the unmet need of the consumer or by making the consumer aware of a hitherto unknown need that the product can satisfy. Sales fore could be motivated by stoking in them the desire to conquer the impossible market. By appealing to their desire to be brilliant. We can bridge the gap in the consumer psyche by adopting the Kamakshi approach and not Kama's. Money is tangible and measurable, easy to understand and can be turned into a graph. Passion is not. Loyalty is not. Can one capture the soul of a market into a spreadsheet. it can be sensed and will always remain abstract. And so while forgetting the true motive behind our product(of appealing to the consumer) we tend to trust the wallet rather than have faith in the head and heart like Kamakshi. Deep down more than good deal, everyone wants to feel good about the,selves. we dont want to get seduced by discounts but want our purchases and employment to bring forth our glory.
What better time to analyse the differences and implement these changes into our workforce than the current global turmoil? The present turmoil is a waking call for all our corporates to revamp their methodologies and adopt the Kamakshi approach rather than Kama's.

Monday, October 20, 2008

Financial jungle

picked this article from a magazine....

Before i go into the creative terminologies let me give you a brief of its real application.

The markets have always been fascinated by animals. Merill Lynch- now taken over by Bank of America floated TIGRs(Treasury Investors Growth Receipts). Similiarly, Lehman Brothers, which went bankrupt and had to be shut down floated LIONs(Lehman Investment Opportunity Notes). not to be left behind Salomon Brothers invented CATS(Certificates of Accrual on Treasury Receipts).

Given the upheaval in the world markets(call it calamity/ catastrophe) this might be the right time to launch some more "animal" bonds to revive investor interest. Here are some mythical beast.

DOG(Dump On Government bonds) - these are bonds issued by all kinds of special investment vehicles which may or may not have any underlying assets. In case the issuer stops paying interest, the govt. will be obliged to buy them back.

VIPER(Voucher In Place Exceptions Regretted) - these will be a genre in the manner of "catastrophe bonds" but issued for insuring disaster in the financial sector instead of natural mishaps. these bonds will help insurance companies provide cover against the next gen. of banks which issue exotic derivaties, going kaput.

CHEETAH(Childless,Earning-Exempted,Totally Assetless Homes) you have heard of NINJA-No Income No Job Asset- loans provided to sub prime borrowers. when the next spell of easy money rolls around(and you can bet your shirt that it will-given the kind of liquidity being pumped into the market by world's central banks) the same kind of loan can be rolled off the assembly line, albeit with a different name:Childless,Earning-Exempted,Totally Assetless Homes.

Very creative solutions indeed!!!

Bear Market humor



i noticed this interesting dig on Lehman bro's at Rashmi Bansal's youth curry blog. i am posting the same here for a light laugh. its the front page of webchutney.com.

A forward sent to me by my friend, it contains the right amount of wit to sail through the dark looming F crisis. i quote few best ones among them..

VALUE INVESTING -- The art of buying low and selling lower.

CEO -- Chief Embezzlement Officer.

CFO -- Corporate Fraud Officer.

FINANCIAL PLANNER -- A guy whose phone has been disconnected.

CASH FLOW -- The movement your money makes as it disappears down the toilet.

YAHOO -- What you yell after selling it to some poor sucker for $24 per share. (But then, you paid $54 per share....)

PROFIT -- An archaic word no longer in use.

I had a cheque returned earlier. "Insufficient Funds" Mine or the banks?


1st friend:You have invested so heavily in stocks, yet you say you sleep like a baby?

2nd Friend:I sure do.I wake up every hour and cry...!!