Storytellers have been honing the art of creating compelling content since time immemorial, and have people latching onto the values that these stories propagate.
The Rise of Honda
Soichiro Honda was a mechanic at a garage where he tuned cars and made them ready for races. Honda founded T?kai Seiki, a piston rings manufacturing company in 1937. This company won a contract to supply piston rings to Toyota, then an established automobile company. But soon after, he lost the contract due to the poor quality of the products. He took time out to better understand Toyota's quality control processes, and by 1941, Honda was able to mass produce piston rings acceptable to Toyota. Toyota took a 40% stake in his company, but Honda was demoted from president to senior managing director. T?kai Seiki's manufacturing plants were destroyed in US bomb attacks in 1944. Honda sold the salvageable remains of the company to Toyota and used the proceeds to found the Honda Technical Research Institute in October 1946. He worked with a staff of 12 men in a 172 square foot shack. They built and sold improvised motorized bicycles. Honda Motor Company grew in a short time to become the world's largest manufacturer of motorcycles by 1964. Honda thereafter entered into mini pick-up trucks and finally into the car segment. Today, Honda is one among the serious contenders to Toyota.
The Federal Express gamble
This story is from the November 2018 edition of Human Capital.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 2018 edition of Human Capital.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Continuous Learning For Growth
Of late, for organizations particularly in the service sector, people have become the strategy. And, if that is the case, the Learning and Development (L&D) department in organizations, and the industry in general, is likely to witness significant growth in 2017 and the years thereafter.
Creating Open Spaces And Minds
As the boundaries of life between work and home continue to blur, employers and employees are sitting up and are noticing the ways and means to offer and avail a worthwhile experience at the workplace.
Striking The Right Balance
In 2017, an employee in the HR Department of a leading global company received an excel sheet attachment in his official mail. While the content seemed harmless, it was in fact a well disguised Ransomware attack which had in fact placed several companies worldwide in the dock. Ransomware attacks targeting HR departments across the globe have since been in vogue since they possess valuable employee data which can be used to commit crimes such as tax frauds and the like.
The Multifaceted Advantages Of AI
AI can speed and automate data collection, make fundamental observations, systemize HR issues, and differentiate customer and employee profiles. But, corrective measures and final decisions can only be approved by people who can understand how to leverage AI tools to acquire accurate information sans the noise and interpret them the right way.
Engagement Surveys: A Means Or An End?
Surveys are not merely a way to check the pulse of the organisation; they should ideally be used as vehicles to improve the organisation culture, people practices and employee experiences which gradually translate into business success.
What Is And What Needs!
The idea of the best fit works only in a perfect universe. In reality, what talent specialists and hiring managers should focus on is getting the close fitment. They should work with an approach that bridges the gap between what is (available) and what needs to be (done).
A Matter Of Strategic Timing!
The term 'work-life balance' has become a popular chant for all working professionals today. A world of different opinions continue to pervade our lives, with one actually affirming that there truly is no direct relationship between the parallel worlds we live in.
Picture Out Of The Frame
A few months ago, Moon Jae-in, the President of South Korea, made an unusual announcement.
Analysis
It is paramount for a pharmaceutical company to meet the business requirement of regulatory compliance.
How Can They Fire Her?
It is a common phenomenon in the corporate landscape to misinterpret the inability to respond to a query by a Manager as a serious lapse which at times leads to termination of his/her services. As a fallout, not only do they risk losing out a person with superior managerial skills, they also dampen the spirit of the juniors in her department, leading to sinking morale and reduced engagement.
