Accountability in the workplace

 

Accountability in the workplace

1. Clear Understanding of Responsibilities:

• Definition: Being accountable means having a clear understanding of your job role, tasks, and expectations.
• Example: A project manager is accountable for delivering a project on time and within budget, ensuring they know the resources, timelines, and objectives from the start.

2. Ownership of Tasks and Outcomes:

• Definition: Accountability involves owning both the process and the result of a task, whether successful or not.
• Example: If a marketing campaign fails to generate expected leads, an accountable employee will analyze what went wrong and suggest improvements rather than deflect blame.

3. Meeting Deadlines and Commitments:

• Definition: Accountable employees take commitments seriously and ensure they meet deadlines and complete assignments on time.
• Example: If an accountant promises to submit financial reports by the end of the week, they work efficiently to ensure the report is submitted as agreed.

4. Transparency and Communication:

• Definition: Being open and honest about the progress of your work and any challenges you face shows accountability.
• Example: An accountable software developer will inform their team if a technical issue arises that might delay the project, rather than waiting until the deadline is missed.

5. Accepting Responsibility for Mistakes:

• Definition: Accountability involves admitting mistakes and taking responsibility for resolving them.
• Example: A customer service representative who mishandles a customer query should acknowledge the mistake, apologize, and take corrective action to ensure customer satisfaction.

6. Continuous Improvement and Learning:

• Definition: Accountable individuals seek to improve their performance by learning from feedback, mistakes, and new opportunities.
• Example: A sales executive who fails to meet their targets in a quarter reflects on the reasons, seeks feedback, and adjusts their strategies for better results next time.

7. Taking Initiative:

• Definition: Accountability includes proactively addressing tasks and challenges without waiting to be prompted.
• Example: An administrative assistant sees that the office supplies are running low and takes the initiative to reorder them without being asked, ensuring the office runs smoothly.

8. Ethical Decision Making:

• Definition: Accountability includes making decisions that align with ethical standards and company values.
• Example: An HR manager must ensure fair hiring practices and be accountable for ensuring that recruitment processes comply with legal and ethical standards.

9. Accountability to the Team:

• Definition: In a team environment, accountability means contributing effectively to the team’s goals and being reliable in your role.
• Example: A member of a product development team ensures they complete their tasks on time so the entire team can meet the project deadline.

10. Accountability to Superiors:

• Definition: Employees are accountable to their supervisors or managers, providing regular updates, and ensuring their work aligns with the company’s goals.
• Example: A finance manager regularly reports to senior management on budget status and highlights potential risks or opportunities.

11. Accountability to Clients and Stakeholders:

• Definition: In roles where external stakeholders or clients are involved, accountability means delivering on promises and maintaining transparency.
• Example: A consulting firm is accountable to its clients for delivering high-quality analysis and recommendations within the agreed timeframe.

12. Measurable Performance and Results:

• Definition: Accountability includes setting measurable goals and evaluating performance against those goals.
• Example: A salesperson’s accountability is often measured by how well they meet or exceed their sales targets, with clear metrics in place.

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Benefits of Accountability:

1. Improved Trust: Teams with accountable members build trust and credibility, both internally and externally.
2. Enhanced Performance: Accountability drives individuals to perform better, leading to higher productivity and better outcomes.
3. Positive Work Culture: An accountable workforce fosters a culture of responsibility, honesty, and continuous improvement.
4. Reduced Conflicts: Clear accountability reduces blame-shifting and misunderstandings within teams.

Accountability in doing a job is a fundamental aspect of professional behaviour and is key to personal success and organizational growth.

Successful Installation and Commissioning of Pump Pontoons

 

Successful Installation and Commissioning of Pump Pontoons

 SITE : WAGHUR DAM, Jalgaon, Maharashtra State, India

YEAR : 2016

PUMP TYPE : Horizontal Submersible

SIZE OF PONTOON : 6 mtr x 6 mtr

SITE REQUIREMENT :

We received the enquiry via internet medium, from the reputed irrigation department, Govt. of Maharashtra. TEAM – Vtech (Parent co. of VARI PONTOONS), responded quickly to the enquiry and requested for a detailed discussion to understand the requirement completely so as to be able to offer our optimum pontoon solution.

The challenge faced by them :

There was a trench on the side of the Dam and there was also a huge difference of DAM water level in summer as compared to the level maintained in the rainy season. In order to strike a balance in the water level, their Executive Engineer, who had read about the pontoon technology, suggested this concept to the Dept. and thus the enquiry was floated.

After comprehending the scope of supply and the site requirement wrt the floating solution sought after by the Dept., Vtech prepared and shared their proposal with the Dept. There were some rounds of technical discussions before they and we converged and thus the supply + installation / commissioning contract was awarded to us (Vtech).The scope included Design, Manufacturing, installation & commissioning of the pump pontoon. 2 submersible pumps, each of 270 HP rating were fitted, to perform the function desired.

In about two months from the date of order receipt, the project was commissioned at site. It was a matter of great pride and prestige for us as we had received this very first order from the Government sector. Our team put in all efforts to have it delivered well within the desired time frame. It was a successful installation and stands so till date.

Figure 1pontoon for pump

Anchor and anchoring of Pontoon

 

Anchor and anchoring of Pontoon
What is anchor
An anchor refers to a nautical or marine equipment intended to restrict pontoon or barge or Jetty movement in the water. Anchors achieve their purpose by either using their weight to hold structures in place, clamping on to the bed of the water body, or using a combination of both these techniques.

In addition, anchors can also act as positive drag mechanism for Pontoon during storms. They provide a restoring drag that keeps the  Pontoon stable and steady and prevents slamming of the bow or flooding through reservoir in unsteady conditions.

Generally,. However, Pontoon require permanent anchors to keep them connected to the bed of the waterbody since they remain at a single location for extended periods.

Types of anchors
From My views there are two types of anchors
First one is temperory anchor
Temperory anchors are used to stabilize moving floating bodies like ships.  Anchors are meant to be temporary so that they can be reeled back on to the structure when the need arises.

The best promoter I have seen

Who is the best promoter of your company? 

There are many ways of promotion in the market. Digital marketing, website, Blog, social media marketing, Google Adsense, YouTube, PR, exhibition and many other.

All these ways require some budget. Some are costlier, some required manpower and then also no guarantee of conversion.

In this scenario if you analysed your customers data of last five years, you can find the repititive business is most #profitable and #successful.

When a customer release repeat PO for the same product or service you consider the start of your success.

You will be delighted when your customer refer your products or services to others.

' Your #customer is the best #promoter of your #business' 

The reason is -

1. No #promotion cost

2. Highest rate of conversion

3. No need of too much convince

So list out your all customers and follow up for promotion. But for this your relationship with customer should be very strong. Prepare a strategy for delighted customer to be happy. And be sure that this cost will be definitely less than your all promotional cost.

Best luck 🙌

Revenue Growth Formula

1. Categories your customers into different bucket according to funnel framework.

2. Communicate a specific message to a specific customer at #prospectstage.

3. Creat a specific landing page on your website through #videos, #blogpost, email.

4 mention the link of the #landingpage of your website in the description.

5. Sending a personalized #email or a call to a customer.

6. Asking about the specific burning point of the customer.

7. Put the #testimonials of your existing #customers on the landing page.

8. Implement #CRM in your #communication.

Pressure vessels and its applications

Pressure vessels are used in a variety of applications in both industry and the private sector. They appear in these sectors as industrial compressed air receivers and domestic hot water storage tanks. Other examples of pressure vessels are diving cylinders, recompression chambers, distillation towers, pressure reactors, autoclaves, and many other vessels in mining operations, oil refineries and petrochemical plants, nuclear reactor vessels, submarine and space ship habitats, pneumatic reservoirs, hydraulic reservoirs underwater etc.

Pressure vessels can theoretically be almost any shape, but shapes made of sections of spheres, cylinders, and cones are usually employed. A common design is a cylinder with end caps called heads. Head shapes are frequently either hemispherical or dished. More complicated shapes have historically been much harder to analyze for safe operation and are usually far more difficult to construct.
• Spherical gas container. Natural gas storage, Gas holder etc.

Depending on the application and local circumstances, alternatives to pressure vessels exist. Examples can be seen in domestic water collection systems, where the following may be used:
• Gravity-controlled systems which typically consist of an unpressurized water tank at an elevation higher than ground level.

No matter what shape it takes, the minimum mass of a pressure vessel scales with the pressure and volume it contains and is inversely proportional to the strength to weight ratio of the construction material (minimum mass decreases as strength increases ).
Pressure vessels are held together against the gas pressure due to tensile forces within the walls of the container. 

Pressure vessels are designed to operate safely at a specific pressure and temperature, technically referred to as the "Design Pressure" and "Design Temperature". A vessel that is inadequately designed to handle a high pressure constitutes a very significant safety hazard. Because of that, the design and certification of pressure vessels is governed by design codes such as the ASME Boiler and Pressure Vessel Code in North America, the Pressure Equipment Directive of the EU (PED), • Tube tool
• American Society of Mechanical Engineers (ASME)
• Bottled gas – Substances which are gaseous at standard temperature and pressure and have been compressed and stored in gas cylinders.

Source - Wikipedia

Vari pontoons

Year of establishment – 2017. Previously known as VTech Solutions since 2008. We are expert in design and development Of floating systems. Our customized, innovative and cost effective solution makes our customer to succeed. We are having 10+ years of experience in this era. We commit turnkey projects of floating pump houses, Floating Solar panels Floating cottages, floating walkways etc.

Aptus

https://youtu.be/QfyhHSavgOQ

*Why do we need a Master?*

Once upon a time, a cow went out to graze in the jungle. Suddenly, she noticed a tiger racing towards her. She turned and fled, fearing that at any moment the tiger would sink his claws into her. The cow desperately looked for someplace to escape and at last, saw a shallow pond. Barely evading the tiger’s reach, she jumped into the pond, and in the heat of the chase, the tiger blindly leaped after her.

To the surprise of them both, the pond was extremely shallow yet filled with deep recesses of mud. After toppling over each other, the cow and the tiger found themselves a short distance apart, stuck in the mud up to their necks. Both had their heads above water but were unable to free themselves no matter how much they writhed.

The tiger repeatedly snarled at the cow and roared, “I am going to enjoy the sound of crunching your bones between my teeth!”

He thrashed about in fury but soon became fretful as he found no prospect of escape.

The cow thoughtfully laughed as the tiger struggled to free himself and asked him, “Do you have a master?”

The tiger disdainfully replied, “I am the king of the jungle. Why do you ask me if I have a master? I myself am the master!”

The cow said, “You may be the king of the jungle, but here all your power has failed to save your life.”

“And what about you?” Retorted the tiger. “You are going to die here in this mud too!”’

The cow smiled mildly and said, “No, I am not.”

“If even I, the king of the jungle cannot free myself from this mud”, snapped the tiger, “Then how can you, an ordinary cow?”

The cow gently replied, “I cannot free myself from this mud, but my master can. When the sun sets and he finds me absent at home, he will come looking for me. Once he finds me, he will raise me up and escort me home sweet home.”

The tiger fell silent and coldly glared at the cow.

Soon enough, the sunset and the cow’s master arrived. He immediately recognized the plight she was in and lifted her to safety. As they walked home, the cow and the master both felt renewed gratitude for one another and pitied the tiger they both would have been happy to save if only the tiger had allowed them.

The cow represents a surrendered heart, the tiger represents an egoistic mind, and the master represents the Guru.  The mud represents the world, and the chase represents the struggle for existence therein.


*Debrief*


*Its good to be independent and not rely on anyone. But don't take it to an extreme, you always need a partner/coach/mentor who will be always on the lookout for you.*

*Having them does not mean you are weak, it's just that you can be stronger with their help.*


_Make sure to share this story with your partner/coach/mentor and express your gratitude_.

What is financial planning?

Financial planning is the process of developing a personal roadmap for your financial well being. The inputs to the financial planning process are: your finances, i.e., your income, assets, and liabilities, your goals, i.e., your current and future financial needs and your appetite for risk. The output of the financial planning process is a personal financial plan that tells you how to use your money to achieve your goals, keeping in mind inflation, real returns, and taxes. In short, financial planning is the process of systematically planning your finances towards achieving your short-term and long-term life goals.

Advance tax

We are all trying to be tax compliant. I am sharing this small article to let you know about the advance tax.

What is advance tax?
Advance Tax is a mechanism under which taxpayers are eligible to pay income tax in advance if the income tax liability is INR 10,000 or more. Advance Tax is to be paid quarterly in regular installments on or before the due dates specified by the Income Tax Department.

What happens if Advance Tax is not paid?
Non – payment of advance tax or short payment of advance tax attracts interest under s. 234B and 234C of the Income Tax Act.
Interest under s. 234B
Interest under s. 234B is imposed when –
-    Total tax liability for the year exceeds INR 10,000/- and advance tax has not been paid OR
-    Advance tax has been paid is less than 90% of ‘advance tax’
Interest @ 1% is calculated on assessed tax less advance tax already paid. Assessed Tax means total tax computed on income as reduced by TDS.


Interest under s. 234C
Interest under s. 234C becomes applicable when advance tax has not been paid as per the percentage due on installments.
Interest for persons opting for presumptive taxation shall be computed if advance tax paid on or before 15th March is less than 100% of the required sum.
Interest for other taxpayers is calculated as under :
-    If the taxpayer pays advance tax on or before 15th June, it is less than 12%;
-    If the taxpayer pays advance tax on or before 15th September, it is less than 36%;
-    If the taxpayer pays advance tax on or before 15th December, it is less than 75%;
-    If the taxpayer pays advance tax on or before 15th March, it is less than 100%
If payment of advance tax has not been made as per the prescribed due dates, taxes should be paid at the earliest in order to minimize the penal interest. Taxes paid after 15th March but before 31st March are also considered as advance tax.

What are some of the mistakes of Indians that are destroying their financial lives?

*Buying insurance policies for investment purpose*: Have you invested your money in insurance plan to get a return in future? Big mistake! Out of 100 people I have spoken, 95 have made this mistake.. Very few people understand the difference between term plan, endowment plan, etc.

*Not able to crack the credit card mystery:* Are you paying the minimum amout due on your credit card payment? If yes, you are trapped in credit card mystery. On the other side, very few people really enjoy the benefits like free lounge access, buy one get one movie ticket, etc.

*No idea about the power of compounding:* Everyone has come across the formula of compounding but very few people really understand its power. This is the reason people do not start saving early and hence lose out on the power of compounding. Albert Einstein said that power of compounding is the eighth wonder of the world.

*Buying stocks based on tips without any knowledge:* You will find every Tom, Dick and Harry giving stock tips over Facebook, Whatsapp and TV. Unfortunately, a lot of people fall in a trap of these people and invest money without any knowledge. What is the end result? They lose everything!

*Becoming a victim of lifestyle inflation*: Moving from 2bhk to 3bhk just because you have got a good hike, upgrading your car because you have got some bonus are some of the examples of lifestyle inflation destroying financial lives.

*Buying things just because they are on discount*: From Amazon’s “Great Indian Sale” to Flipkart’s “The Big Billion Days”, everyone is encashing on the weakness of Indians buying things just because it is on discount. Funny thing is now you will find such sales every other month.

*Getting tempted to go for an exotic vacation* just because someone put a post on Facebook and Instagram: Instagram and Facebook are introduced as Social Media Platform but they are actually destroying the entire social fabric. Friends are jealous of each other. Most of them are just social media friends. Facebook and Instagram are more of a marketing platform where people post stuff just to get some likes and companies promote their product and services.

*Spending a bomb on weekend parties:* 5 days work and 2 days party: This is the new culture in India. Pubs are jam-packed on weekends where people would spend a bomb on drinks. By the end of the month, they are left with no money.

*No track of cash flow:* Very few people keep a track of their expenses. Most of them just don’t know where the money is gone.

*No emergency budget:* Not having any extra money in the case of an emergency results in embarrassing situations of borrowing money from friends and relative. Some people even break their investments and make a big mistake.

*No medical insurance*: I have seen people losing out the lifetime savings just because they did not take medical insurance. One accident can shatter all financial dreams. Better be insured. Healthcare cost is rising and it is impossible to manage it without insurance.

*No financial plan:* People do not know why they need to save money because they don’t know their financial goals.

*No diversification*: Some people would invest all their money in real estate, some would invest all the money in gold, some would just keep it in the locker, some would invest all the money in the stock market. Very few people understand the right way of diversifying the investments.

*Spending all the hard earned money on children marriage:* Thanks to our hypocritic society! People save their entire life just to spend all the money on random relatives who only bother about the food and arrangements. What is the topic of discussion at weddings? “Sharma ji ne to unki beti ko car gift kari. (Mr Sharma has gifted a car to his daughter)”. “Mehta ji ne unki beti ko 50 tola sona diya” (Mr Mehta has gifted 500-gram gold to his daughter.)

*Buying excessive gold only to keep it in the locker:* Gold worth lakhs is kept in lockers only to be used once or twice a year. This is resulting in the money getting blocked and hence not getting any returns on it.

*An extremely conservative approach with investment:* Traditionally, people have been risk-averse. They would just have an FD and live on 6–7% annual interest. Some would just keep the cash at home.

*Lack of clarity between asset and liability:* Having a car is not an asset because it consumes fuel and has a maintenance cost. Its price will only depreciate in the future. Car is a necessity but people spend a lot of money and even take the loan to buy a luxury car over and above their budget.

*Considering frugal as cheap:* A lot of people confuse economic spending with being cheap. An economic spender does not compromise with quality but does his research well enough to buy the product or service at the lowest rate.

*Procrastinating investment decisions:* “I will invest from tomorrow”. But the problem is that tomorrow never comes.

*Spending a lot of money on fancy stuff:* A fancy car, a fancy house, a fancy watch, a fancy vacation. People want fancy stuff and willing to pay a premium irrespective of the value it generates.

*Lack of patience:* “I can’t wait for my wealth to grow. I want to double my investments in 6 months. I need to invest in the stock market.” A lot of people lose their lifetime of savings because they don’t have the patience to understand the investment option and would blindly trust anyone with their investment.

*Depending upon others for investment decisions:* “I don’t know anything about investment. Please manage my money.” Unfortunately, a lot of people are dependent upon others with their hard earned money. This is the reason we have a lot of self-proclaimed experts giving stock market tips.

*Not discussing the money matters in the family:* Discussions related to money are considered as a taboo in Indian families. Nobody really discusses money matters.

*Getting too greedy with investment:* People blindly invest their money in penny stocks, day trading, futures and options. They eventually lose all their hard earned money. What is the root cause? GREED

*Wasting time on unproductive things:* Rather than learning new stuff and growing the skillset, people end up wasting time on social media and YouTube.

*Lack of disciplined investment:* Instead of spending what is left after investing, people invest what is left after spending. This results in indisciplined investment.

*Root Cause:* Lack of knowledge about personal financial management!!

Pontoon

https://plus.google.com/108996431349573933783/posts/bD2SR21Tywq?_utm_source=1-2-2