Managing change and people in organizations

Two major Stock market crises in India that shook investor confidence.  Organizational Change Management Any Crisis can always expose system  disorder and deficiencies while it can trigger  changes in the system and organizations. Yet regulators fail to learn from disruptive disasters despite huge negative experiences. Such is the case with Indian Stock Market Regulatory System. From fake bankers' receipts to warehouse receipts, from Bull’s manipulation of Bombay stock Exchange or National Stock Exchange, many events happened but no drastic preventive  step seems to have been taken done much with India’s financial control systems but for  few cosmetic changes in reporting and compliance standards Here is how few of these big-time frauds were perpetrated.  Not many fraudsters can boast of inspiring  Bollywood producers to make blockbuster movies  but Harshad Mehta's life inspired many film stories including one called Gafla- which ...

Large scale Crisis in  IT sector -India Frauds are always driven  by abnormal and excessive greed from  individuals in power and that do not seem to be confined to  financial industry controlled by  the r ich  in larger economies but seem to  happen wherever there is opportunity through legal   gap in the system and scope for  making easy  money.  The Satyam scam in IT services sector in India had many parallels to the Enron fraud of the USA.  Satyam fraud was entirely orchestrated by one greedy person with the power as founder and CEO in  collusion with CFO and even the external Audit firm who collaborated in certifying falsified   accounts year after year.  The corrupt government officials were eager as always to fuel the growth  of the company with large value government contracts in exchange for the favors for  own personal  gains. Employees a...

Change management.Role of crisis -change triggers British banking  -One man and huge fraud Greed is universal phenomenon irrespective of culture, nationality and the greed for easy money  and  m ore money intoxicates especially all those who are in positions of   power that can be used to  manipulate things in their favor. It is said that power corrupts and absolute power corrupts  absolutely. Secondly, there are always weaknesses in the system which greedy individual have had the  cleverness and capability to exploit. The Barings Bank of UK was brought to total ruin because of  one man’s greed with power to manipulate. Ramalinga Raju CEO of Satyam could manipulate  things because of greed combined with  an unbridled power to exploit and fool everyone around and  amass wealth . Enron was brought down by Kenneth lay for the same reasons. Risk management is an essential ...

Change management.Role of crisis -change triggers British banking  -One man and huge fraud Greed is universal phenomenon irrespective of culture, nationality and the greed for easy money  and  m ore money intoxicates especially all those who are in positions of   power that can be used to  manipulate things in their favor. It is said that power corrupts and absolute power corrupts  absolutely. Secondly, there are always weaknesses in the system which greedy individual have had the  cleverness and capability to exploit. The Barings Bank of UK was brought to total ruin because of  one man’s greed with power to manipulate. Ramalinga Raju CEO of Satyam could manipulate  things because of greed combined with  an unbridled power to exploit and fool everyone around and  amass wealth . Enron was brought down by Kenneth lay for the same reasons. Risk management is an essential ...