![]() Financial Daily from THE HINDU group of publications Monday, Jun 28, 2004 |
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Books Columns - Reading Room Try some math before the noose falls D. Murali
The book is `a supersonic ride through mathematics, avoiding the jargon bushes,' with `stories about numbers, maths puzzles and games'. The chapter titled `celluloid math' asks, "When we add three Ks, what do we get? 3K or K3?" You do not have to be a great mathematician to know the answer. But, `the total media weight of the stars of the title is way above three kilograms!' In comparison, K2H2 `looks suspiciously like a wrongly written chemical formula for some potassium compound'. Since hanging is in news, I read a problem on the subject: "X, Y, Z are three royal prisoners, of whom two are to be hanged. Finally, on the day of reckoning, the guard tells them that the king has made his decision on which on of them is to be released. X asks the guard who is the lucky one. Instead of giving him a direct answer, the guard tells him that Y is to be hanged. Do the odds of X being released change due to the guard's statement?" Sharpen your logic skills with Mitra.
6-step model to conquer conflict
"Conflict exists when two or more competing responses or courses of action to a single event are considered." Thus, any coalition government's every meeting would deserve to be called a conflict resolution exercise. Don't, however, fall prey to common myths about conflict, such as: Conflict will take care of itself; confronting a person is always unpleasant; and presence of conflict in an organisation signals a poor manger. There are three stages of conflict everyday concerns, more significant challenges, and overt battles. You'd need strategies for each. A simple six-step model you can follow is this: Listen, acknowledge, explain, seek alternatives, use assertive statements, and summarise the discussion. A book of ready-to-use lessons from `business essentials' series.
Company law compilation
As K. K. Unnikrishnan mentions in the publisher's note, all sections of the statute are followed by rules, forms, schedules and allied legislation. For instance, where Section 224, `appointment and remuneration of auditors' concludes, the book plugs in Form No 23B, `notice by auditor'; Section 228 on branch audit has allied rules and forms presented alongside. Don't miss the elaborate presentation subsequent to Section 233B on cost audit. A quick reference that can save you the trouble of thumbing back and forth in tomes.
Too many sciences in one
But what is OB? "It is an interdisciplinary behavioural science studying phenomena related to and dynamics of organisations and their various human units." It has a dose of psychology, sociology, political science and anthropology to manage people. Sadly, OB gets run over in many organisations because of the obsession with routine matters and concerns of `what to do' rather than `how to do'. You can't distance OB from culture; and so you look closely at Indian culture only to notice it has three clusters of weaknesses narcissism, power concentration, and attributional thinking. The first shows as self-seeking behaviour and is a bunch of five weaknesses: in-group infatuation, unreality orientation, non-involvement, lack of detailed planning, and oral culture. Power concentration is about hierarchy, sanctions, and non-confrontation. Attributional thinking has two characteristics, explains the book: "Fatalism (resulting in `deadening efficiency in maintaining the status quo'), and pessimism-rumination (expecting failures and misfortunes, and indulging in recollecting and mulling over bad experiences)." A book that can demystify what baffles you in organisations.
Foreign contributions and donations
It has essential inputs on procedures to register under Foreign Contribution (Regulation) Act, things to note for political organisations, students and so on. There is a law on accepting gifts when abroad. "A Minister may retain a gift or presentation made to him/her provided the value of the gift does not exceed Rs 5,000." If you are receiving any scholarship, stipend or any such payment from a foreign source, Form FC-5 is to be filled up to furnish particulars about the same to the Central Government. While one may fret that controls are many, it should be remembered that FCRA is an internal security law aimed at ensuring consistency with the nation's values whereas FEMA is a financial law. Tailpiece Cop: "I know why you jumped the signal. To save fuel." Motorist: "No, this is a stolen car, that's why."
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