IBS Library, Chandigarh

February 25, 2009

Basu, Kaushik, Oxford Companion to Economics in India: pub. by Oxford University Press.

Filed under: Book Reviews 1 — ibslibrarychandigarh @ 10:04 am

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Review:

This is a  valuable encyclopedic work on the Indian economy. This volume will be a lasting resource on India and an intellectual treasure trove for economists and social scientists. It will be an indispensable reference for researchers, policy makers, and students of economic development and the Indian economy. Essential.”–CHOICE

“This book is a unique and important guide to the dynamic Indian economy, and also a collection of penetrating essays by many of the world’s true experts on subjects ranging from India’s intriguing economic history to its potential as a world economic power.”–Stephen P. Cohen, Senior Fellow, Centre for Policy Studies Program, Brookings Institution, Washington, D.C.

“Many of us inside and outside India who try to study the economy cannot possibly carry the breadth and knowledge and understanding that is likely to be relevant to a particular set of issues under examination. This volume will be of economic value to all those working on and with an interest in the Indian economy.”–Nicholas H. Stern, Head of the Government Economic Service and Second Permanent Secretary to the Treasury of the United Kingdom

January 23, 2009

Sanborn, Mark Fred Factor: How Passion in Your Work and Life Can Turn the Ordinary into the Extraordinary Pub by DoubleDay

Filed under: Book Reviews 1 — ibslibrarychandigarh @ 7:25 am

413cf2dpt2lIn this powerful new book THE FRED FACTOR, motivational speaker Mark Sanborn recounts the true story of Fred, the mail carrier who passionately loves his job and who genuinely cares about the people he serves. . Where others might see delivering mail as monotonous drudgery, Fred sees an opportunity to make a difference in the lives of those he serves.

 According to Sanborn, he is the kind of worker who exemplifies everything that is “right” with customer service and business in general, and is “a gold-plated example of what personalized service looks like and a role model for anyone who wants to make a difference in his or her work.”

Not only did Sanborn get the best postal service he had ever experienced when he moved to Fred’s route, but he also got a perfect example of superior service to illustrate his presentations to business leaders throughout the United States.     We’ve all encountered people like Fred in our lives. In THE FRED FACTOR, Mark Sanborn illuminates the simple steps each of us can take to transform our own lives from the ordinary – into the extraordinary. Sanborn, through stories about Fred and others like him, reveals the four basic principles that will help us bring fresh energy and creativity to our life and work:                                                                                                                                                                               

1. Everyone makes a difference

Some might see delivering mail as monotonous drudgery, but Fred sees the task as an opportunity to make the lives of his customers more enjoyable. Regardless of whether an employer hinders exceptional performance, ignores it, or does not adequately recognize it, only the employee can choose to do his or her job in an extraordinary way. Sanborn writes, “Nobody can prevent you from choosing to be exceptional.”

2.  Success is built on relationships   

Indifferent people deliver impersonal service. Sanborn writes that service becomes personalized when a relationship exists between the provider of the service and the customer. The quality of the relationship determines the quality of the product or service. Leaders succeed when they recognize that their employees are human, and employees like Fred the Postman succeed when they recognize their work involves interacting with other human beings.

3.  You must continually create value for others, and it doesn’t have to cost penny  

Replace money with imagination. Sanborn explains that the object is to outthink your competition rather than outspend them. The most critical skill that contributes to employability is the ability to create value for customers and colleagues without spending money to do it. Substitute creativity for capital. Mediocrity is your silent opponent and can diminish the quality of your performance as well as the meaning you derive from it.

4. You can reinvent yourself regularly

If Fred the Postman can excel at bringing creativity and commitment to putting mail in a box, you are probably capable of doing as much or more to reinvent your work and rejuvenate your efforts. Sanborn believes that “no matter what job you hold, what industry you work in, or where you live, every morning you wake up with a clean slate. You can make your business, as well as your life, anything you choose it to be.”

By following these principles and by learning from and teaching other “Freds,” you, too, can excel in your career and make your life extraordinary. As Mark Sanborn makes clear, each of us has the potential to be a Fred.  You can apply   The Fred Factor to enrich the lives of customers, co-workers, friends, and family members, as well as reach new levels of personal success yourself.  If everyone in your business did this stuff as a matter of routine, it would show up in your bottom line. It isn’t rocket science but it might just be the thing that makes a difference at the end of the day.

The book takes the reader through a series of steps including:

  • What is the Fred Factor
  • How to become a Fred
  • Developing other Freds

Fred Sightings

Sanborn points out that Freds can be found everywhere, and there are more Freds out there than he once thought. One Fred is a woman at a hotel who helped Sanborn out in a pinch by taking his coffee-stained pants home with her overnight to personally wash and press for his departure the next day.

Another Fred he describes is a flight attendant who made a 6:15 a.m. flight from Denver to San Francisco more enjoyable for passengers by lightening the usual announcements with her unique sense of humor: “If you are having a hard time getting your ears to pop, I suggest you yawn widely. And if you are having a hard time yawning, ask me to tell you about my love life.” Sanborn explains that she took some risks and had some fun, and as a result, her “customers” the passengers had fun, too.

Another Fred who Sanborn describes is a hotel worker who lent him $30 when he had no cab fare for his ride home. Sanborn explains that this Fred knows that the way to move through life joyfully and successfully is by focusing on what you give rather than what you get. Freds do the right thing because it is the right thing to do.

Sanborn explains that if you want more Freds in the world, be a Fred. Throughout the rest of The Fred Factor, he describes how every individual can make a difference, and offers numerous difference-making strategies to help readers influence the world in a positive way.

 

Conclusion


The Fred Factor presents a compassionate look at how every action we take can be made more significant if we take the time to reinvent our work and rejuvenate our efforts. By providing a look at the normal people who do extraordinary things in their daily activities, Sanborn presents heart-warming business lessons that expose the value and endless possibilities for improving life and work that come from loving others.

  

By

Kritika Srivastava

MBA-Sem.II

IBS, Chandigarh

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