Friday, May 27, 2011

We Are Underutilized

We are not operating at our 100% capacity. We are under utilizing our resources and wasting on top of that. Just for introspection, Do you know all the features of Microsoft Word? I doubt if everyone knew just how powerful Microsoft word is. In your company, if it is like very big then do you know all the different stuff it does? Many people as citizens don't even know what their rights are. It is no wonder why so many Attorneys are making millions in doing just basic stuff for their clients, forget about lawsuits.

How many times we throw away food because it's date had expired? Why do we buy things that we would never use them? First of all, we don't utilize the existing stuff we have and then we complain for not having access to enough resources. It doesn't make any sense. In an organization, many of its functions are unknown to its members. Because no one took care to explain them or make them simple enough to be understood. Why dealing with government stuff has to be so complex? I don't complain that governments don't do anything. I feel that they don't make it super easy for others to use their services. And some of them are improving greatly thanks to social media. Check NY City for example.

Now this one is my favorite burning point of this post. Before companies hire and fire people, why the heck they don't evaluate to their core whether they really need to hire and fire people. I believe very few companies go through a rigorous internal process of evaluating their needs before making a decision to hire a new person. Hire only if you desperately desperately need that person. And fire only when you can not find any other job for that person in your company. Firing people is the not the only way to cut costs in your company. In extreme cases like when you have outsource your business processes, it makes sense to fire people. But hey you can avoid that too.

If you want to find out how much potential your company has then put up an internal website that accepts people's inputs from Janitor to CEO of the company and display that information uncensored to everyone. And allow the entire company to submit their ideas on major issues that a company faces. Finally implement public voting system that would rank all ideas. It would be earth shattering in many companies. Honestly to do this kind of stuff it requires guts and tons of ego thrashing. You must absorb all of your ego like a Black Hole in the Universe that absorbs all light passing through it.

Even in the age of social media we under utilize lots of our facilities. Quick question. Does everyone realize just how powerful Facebook, Twitter or Linkedin is? Whenever we log in we just check the wall, pictures, status updates, play games and then log off. Next day come back, do same stuff and log off. We do it multiple times a day sometimes. That's not the only function of these platforms. If you use some of the features efficiently then you can build a community and address bigger problems of the world.

Ok, enough of me venting on the inefficiencies of the system, but remember there lies an opportunity in every inefficiency you find in a system. What the heck I am saying here? It's like, if you find that lots of people's computer just crashes because they don't keep their systems updated then you could provide a service that helps them solve their problem and then make money out of it. So if you are looking for a business opportunity then go find some system inefficiencies in any system of your choice and build a business out of it.