Acumen Bootcamp - 4th Week Reflection

Part 0, 1,2, and 3 of Acumen virtual bootcamp series can be found here.

I was introduced to Immunity to Change tool that is adapted from the works of Robert Kegan and Lisa Laskow Lahey. This tool has helped me to observe and interpret within myself (the system) and surfaces internal contradictions and (possibly faulty) operating-assumptions-taken-as-Truths.

There are four ways to analyze: Commitment, Doing / Not Doing Instead, Hidden Competing Assessments and Big Assumptions. For every commitment made, there is another commitment that prevents that change. This is a perfect example of the contradiction is like a driving vehicle with with one foot on the gas and one foot on the brake. This is an intriguing exercise- to see a picture of oneself and work on the conflicting actions in our lives. I will end this with a quote by V. S. Naipaul on self improvement: “The only lies for which we are truly punished are those we tell ourselves.” ...

Additional Motivation:

Solving for agri procurement and market linkage in times of Covid

I attended a webinar on 4th April, Saturday Solving for agri procurement and market linkage in times of Covid organized by Hemendra Mathur, Gauri Sarin, Abhilash Thirupathy, Om Routray, Ashish Khetan and Vijay Pratap Singh Aditya.

Agenda: The idea is to table the challenges and solutions in the context of upcoming Rabi harvest during and after the lock-down. The focus of discussion will be on post-harvest interventions needed from first mile including farm labor, harvesting, procurement, warehousing and cold chain. The stakeholders likely to join the call are mandi traders, farmer bodies, NBFCs, warehousing, cold chain, logistics companies, agri startups in the market linkage side, industry association etc.

Speakers: Anil Kumar SG - Sammunati Jayant Chattarjee (Star Agri ), Pushpendra Singh (Farmer Leader), Khalid Hussain, ITC, Sachin Sharma ITC, Aleen Mukherjee (NCEDX), Aneesh Kumar (NAFPO) and Rahul Gupta, Avanti Microfinance

Discussion: The focus of the call is on food supply chain with areas like farm labour, mandi auctioning, value chain financing, significant credit line and warehousing.

1. Anil Kumar SG- The two phases of the lockdown to be addressed are before and beyond 14th April. The agriculture sector has best of the chances to bounce out earliest. This means that agriculture will get resource allocation, priority attention and collaboration. Samunnati is paying attention towards liquidity crisis as working capital becomes most important in this scenario for both demand and supply partners. Samunnati is looking for: What do FPO have currently, require in next few days and planning in next 3 months with timeline? Access to loans become most important to all the value chain players.

2.Jayant Chattarjee: Agribaazar is a platform to get buyer and seller to meet similar to like e-nam. Since trade must go on to minimize impact on farmers, there is need of alternative market place.

3. Pushpendra Singh: 70% economy is nearly closed at this time and food security of 130 Crore population is in focus. Labour problem is affecting Rabi harvest and will eventually sowing season of Zaayad and kharif is approaching fast. The supply chain is broken due to which both consumer and farmer are paying high prices. Poultry is affected by the rumors and supply chain disruption of feeds. There is an urgent need of liquidity that can be provided through PM Kisan Yojna by increasing the amount by 4 times. Jan Dhan Yojna accounts holder estimated to be about 38 Crore can be transferred INR 1000 per month. KCC limit can be doubled for existing farmers.

4.Khalid Hussain: The cascading of the information hasn't happened in the lower layers of the bureaucracy. Currently, the mandis are closed and harvesting has been stalled. There is need to open mandi in phase manner and allowing private player to purchase directly from farmers with price control as the farmers are exposed to vagaries of the weather. The warehouse and processing units has to be declared as market yards to disperse farmers at multiple points . The financial support will be required for private players working in the loose grain supply chain and logistics. Concor has done a wonderful job by giving subsidy on empty container. For agri-processing, UP Power Corporation has given waiver for few months to food processing industries. To safe guard fruits and vegetables, the import duty has to be increased on fruits and vegetables concentrates. Government has to intervene on the export sector and port functioning to build trust with exporting partners.

5.Sachin Sharma: Procurement of food grain is very important especially APMC acts should be make liberal for the private players. This will avoid crowd gathering at Mandi. There is need to give confidence to labours so that smooth migration becomes easier for them. Green corridors has to created for the movement of milk tankers, truck and food containers. Railway can help through multi point loading and reducing freight charges. Need to re-look RODTEP scheme. Processing of F&V has to be encouraged due to perishable nature of products and power sops can boost the industry.

6.Aleen Mukherjee- Digital transaction has to be increase on FPO level. The storage part has become an issue as silos/jutes bags aren't available on the farm gate level. NCDEX is working on solutions especially through two ecosystems: NERL and NEML spot market. Electronic warehouse receipt can be issued as generating finance can becomes easy. This will ease cash flow on FPOs. MSP procurement can be done through electronic ware house level that is already working with strict quality norms. The third aspect is about uncertainty around futures bench-marking. Percolation of the government instruction on transportation of essential commodities has become essential. FPO as sourcing points will ease on cash flow issue for farmers.

7. Aneesh Kumar: There is a pending payment for NREGS that will create liquidity in the rural areas. Extending the insurance coverage can ease the situation for the farmers. Creation of support cell in Agriculture Department in each state maybe helpful. Major consumption centers like Delhi will not be fully opened for the business. The new economic challenge is returning migrant in the rural areas. Basic Income transfer to mitigate the risk is an urgent step that can be taken.

8.Rahul Gupta: Avanti Finance is involved in both Balance sheet lending and off balance sheet lending. Financing is critical hence moving on the paperless and cashless digital platform becomes more important. Relevant will be government intervention to PSBs for priority sector lending. This can be passed to the end use either farmer or FPO to fight liquidity squeeze.

Acumen Bootcamp - 3rd Week Reflection

Part 0, 1 and 2 of Acumen virtual bootcamp series can be found here.

The sessions are really good till now. Individuals are more open to ideas and suggestions and want to demonstrate an interest in getting up to speed. I am sharing task performed by me this week.

1. Superpower: There is an article by Seth Godin: What is your superpower? When do you come alive? I have documented my superpowers below:

a. I always document best practices and professional understanding on a topic through blog. This has facilitated creation of an institutional memory bank and drawing insights while walking on the road less traveled.

b. I enjoy diverse range of literature, blogs, cinema and interacting with different social circles. As this gives me range of knowledge extended far beyond my chosen profession. I assume that investment in specialization in one area alongside a vast body of knowledge can be a powerful driver of original thought.

These superpowers has given me ability to have a good outreach to a diverse group of stakeholders and impacted leaders in designing realistic plans. I usually come alive while volunteering for a cause and building networks of like minded people.

2. Improvement Goals:I have to identify my improvement Goal: “If you could get better at ONE THING — the One Big Thing that would make the greatest difference to your happiness and effectiveness, what would that be?” My responses: a. Be a much better husband than I am. b. To not be committed for a task in hurry and once committed to a task, complete before / on time .

I know this intuitively because I haven't been trying to get better at or change for a while. And, I have heard this from family and colleagues in the feedback/reviews.

3. Reflection on article : How will you measure your life? by Clayton M. Christensen, Kim B. Clark Professor of Business Administration at at Harvard Business School.

I have thought about the metric by which my life will be judged. I am an enthusiast, not an expert. At the age of thirty four, I had realized that I am doing will be insignificant but that will define me. Curiosity and Enthusiasm are the force that didn't change with time. What is more difficult to tackle in the life ? As for me, I always ponder over dilemma rather than questions. Because, there is always financial insecurity, family dispute, and a chaos lurking around the corner. The immediate needs always have tussle with long term goals.

Acumen Bootcamp - 2nd Week Reflection

Part 0 and 1 of Acumen virtual bootcamp series can be found here. 

Creating systemic change always comes from moral leadership and self discipline. Good disciplines is a part of moral leadership that establishes structures, time management, tasks planning, and follow up on action items. I am looking for gradual change in thinking pattern, eventually decision-making, then vision and then leadership. This week started with thought experiments and acting on micro habitual changes.

1. Courageous Space: There is a concept of courageous space to be done in pilot stage inside cohort before rolling out in personal and professional space. The courageous pace gives me freedom to choose a specific issue, scrutinize a habit (self discipline and exaggeration in my case), work on the habit in acts of courage, and ideally grow into competencies in the real world. I have set following tasks for myself.

Within Person: Delay in completing tasks despite making commitments is a bad nature of mine. I will be working on this issue during the next 8 weeks.

Within Organization: Be less extrapolate while pitching for business development. This fault has crept in the sales pitch in the last few months due to my desperation for funds. I will be practicing more restraint and share real scenarios during interaction with other fellows

2. I have to read article on the concept of 'opposable minds' and how holding seemingly different or opposing concepts can open up new ideas and innovation. An optional reading was Obama midterm speech 2018 transcript

Vocational Orientation and Counseling in Skill Development

This will be the second post on skill development sector continuation of Youth Mobilization Process in Skill Development. Vocational orientation and counselling is the logical step post identification of youths in the mobilization process. This is the process in which training center match the youths’ initial vocational ideas with their skill sets, capacities, and interests.

The counseling isn't a one-size fits all solution when it comes to skill development, livelihoods and career options. Understanding the the background of young job-seeker is of utmost importance to assist them in their search for meaningful careers. This is because for entry-level vocational courses, the candidates are a mixed group consisting of school dropouts, unemployed youth, and youth from socially and economically underprivileged background. The entry level job will be the first opportunity to test their caliber and earn decent livelihoods.

Counselling helps in creating realistic aspiration and reduce the attrition rates during training and employment by helping candidates make informed choices. The mismatch between interests, aptitude and aspirations of the candidates and nature of job causes a high attrition rate for employers as well as training centers. Hence, behavioral assessment tests and counselling to objectively assess the capabilities of the candidate is important to recommend appropriate career paths.

There is a context in which job search happens and the complex web of factors influences job search and aspiring candidate. The major factors are listed below:

1. Cultural factors: The youth seeking work is not the only one seeking work, i.e., family and friends are looking for a job alongside the youth.

2. Employment issues: Many youths begin their search with defeatist mindset due to the grim unemployment statistics and local scenario.

3. Personal issues: The counseling must help candidate with an honest assessment of competencies present and what the market demands in terms of worker skills.

Types of Counseling: There five major mode of counseling as per ILO -

1. Career information –provides information on occupations; employment opportunities; labor market trends and employment scenarios; educational programs, institutions, and opportunities; career services; and job opportunities, both local and global.

2. Career education – provides career planning and decision-making; labor market information and other information related to careers and work skills.

3. Career counseling – provides one-on-one or small group help on role clarifications, career decision- making, self-assessment and self-definition, aspirations and dreams.

4. Employment counseling – provides help with setting career goals, writing resumes, interviewing skills and the like, all such activities designed to help the person define the characteristics of the career or job he/she is looking for, assess suitability for it, and identify skills gaps that can be addressed by personal development efforts;

5. Job placement – provides actual job search services intended to connect job seekers and job providers.

In more Indian context, counseling is required to navigate constraints such as family hesitation, transport, inability to pay, accommodation etc. The experiences of past trainees and their feedback shared with the larger community.The scope of counseling is quite vast as candidates require holding hand support on communication skills, presentation skills, and financial literacy. Online portal have opened a new channel for youths even in remote areas access to the information. But there is always need of last mile reach to ensure that the right people, in terms of ability, interests and expectations, participate in skill development program.