BIG FAT INDIAN WEDDINGM for MANAGEMENT, M for MARRIAGE

PRESENTED BY:ASHISH KAPOOR

The Journey…

McKinsey 7S Framework for Strategy

The 7 Elements

Project Management and PRINCE2

Videos and Pictures

The McKinsey 7S Framework

Developed in the early 1980s by Tom Peters and Robert Waterman, two consultants working at the McKinsey & Company consulting firm.

The basic premise of the model is that there are seven internal aspects of an organization that need to be aligned if it is to be successful.

The McKinsey 7S model can be applied to elements of a team or a project. This is useful to:

Improve the performance of a company

Align departments or processes

Implement a proposed strategy

The McKinsey 7S Model

The Seven Elements

Hard Elements Soft Elements

Strategy Shared Values

Structure Skills

Systems Style

Staff

Hard Elements

Easier to define and identify

Tangible and management can directly influence them

Soft Elements

More difficult to describe

Less tangible and more influenced by culture

Strategy

“The plan devised to maintain and build competitive advantage over the competition.”

The JV partners should be preferably of the same caste and SHOULD be of the same religion

The BRAND is extremely important.

The GUY's brand is stamped by educational qualifications and salary package that one has.

The GIRL's brand is stamped by the number of qualities she possesses (which are cooking, cooking and cooking). The world knows INDIANS love their food.

The fluency of English will be a very important factor for a great brand image.

Structure

“The way the organization is structured and who reports to whom“

Authority and relationship between the individuals; Centralized or decentralized decision making

This is the make or break round for the marriage – caste system, astrology, planetary movements etc…

The ROI or Net IRR is equivalent to the number of planets that match in the horoscope or the castes of the JV partners

Similar to the business case, the project will be a “Good to Go” if the above figures look good to the management.

Systems“The daily activities and processes that staff members engage to get the work done.”

Project Management:

Planning

Delegation

Outsource

People Management, Logistics & Supply Chain

Average number of people per wedding are about 500

Management of diverse people. Come to think of it, every pesonwho has organized an Indian wedding has potential CEO skills!

Disaster Management

When the power back up goes off, when the drinking water gets over, when the food plates fall way too short, better still, when the women of the house come late from the beauty parlor…you better have a Plan B under your sleeves!

Believe it or not, but India has one of the best process of disaster management. May it be the Commonwealth Games 2010 or else an Indian wedding, problems are bound to happen. The best part is that everything works at the end of the day…

Systems…What is a Project?

A unique endeavour to produce a set of deliverables within clearly specified time, cost and quality constraints. Projects are:

Unique

Defined timescale

Approved Budget

Limited Resources

Element of Risk

System…What is Project Management?

Project Management is the skills, tools and management processes required to undertake a project successfully. Project Management comprises of:

A set of SKILLS

Business Analysts, Project Managers, Risk Analysts…

A suite of TOOLS

Document templates, modelling tools, planning software…

A series of PROCESSES

Time management, cost management, change management…

Systems…Project Management Triangle

A Project…Indian wedding?

A unique endeavour to produce a set of deliverables within clearly specified time, cost and quality constraints. Projects are:

Scope

On an average 4-5 functions over 2 week

Mostly a scope creep in terms of guests

Schedule

Deadline oriented with fixed dates

Resources

Generally family based; on occasion wedding planners

Cost

Budgets range from $ 34000 - $ 2 million

Average Australian wedding costs $ 30,000

Systems…PRINCE2 Project Management Methodology

Skills

“The actual skills and competencies of the employees working for the company”

Arranged Marriage v/s Love Marriage

Networking is the key to a good marriage alliance in India.

Guy and Girl are the business model or the idea

Parents are the angel investors or project sponsors

Management aka parents at both sides should finally sign off on this project

Style

“The style of leadership adopted”

A definite top-down approach generally from the girl's side (the girls parents will arrange/fund the wedding).

The other style is throw money, some more money and loads of money - 5 star hotels, high class make-up artists, luxury resorts, helicopters getting gifted, big shot politicians & film stars in your marriage- that’s the ticket to get one's marriage video footage in the newspapers!

Average cost of an Indian wedding being $ 34000 --> $ 2 million. The equivalent Aussie figure being $ 30000.

However, Vanisha Mittal’s (daughter of steel magnate -Lakshmi Mittal) $ 78 million wedding still is the epitome of a GRAND Indian Style Wedding

Style…$ 78 Million Indian Wedding

PS: In case of any difficulties viewing this presentation, please click on the link http://www.youtube.com/watch?v=uKOc-acrtkU

Staff

“The employees and their general capabilities”

CEO: The father

Board of Directors: The Brother Hood of Fathers

Advisory Council: The Bride – After all, everything HAS to happen the way she wants it!

Visiting Dignitaries: The cousins from abroad specially USA and London (that will have the maximum number of Indian population).

PR Manager – The Person who ensures that the wedding pics are published in Page 3 of Mumbai/Delhi/Bangalore Times

Operations: The young guys – they are after all expected to run around and gain experience. Only then can they be promoted to the Board of Directors in future!

The Underperformers: Are the ones who are generally drunk all through the wedding rituals – the non-working employees.

CSR In-Charge: It’s still a very nascent idea in India, but nevertheless, there are people in families who ensure that left over food is not thrown out and instead given to the needy people or cows.

Shared Values

“These are the core values of the company that are evidenced in the corporate culture and the general work ethic”

The corporate culture

Belief, attitude and passion

Thoughts and opinion

Shared Values are the biggest connecting factor between organizations, projects, teams, religion and countries. And not to forget an Indian wedding.

The important point is to understand these shared values and more importantly the cross cultural sensitivities in today’s multi cultural and global environment.

Some memories…

It starts with the dancing…

On the horse…

Clash of the Titans…

Greeting the groom…

Here comes the princess…

The garland exchange…

The Marriage…

And they live happily ever after…