8 Jan 1987
DOWN & OUT ?
In a boxing match when you get knocked down by your opponent, the Referee (Umpire) counts,
If you cannot manage to get-up your legs by the time he counts "TEN", you are out.
So you are down and out !
You have lost the game. You are the LOSER !
But boxing is, after all a Sport. You can fight another game tomorrow - and try to WIN.
It is very different in real life. When you are being attacked by
Competition from outside
Rising-costs from inside,
there may not be another chance ! There may not be another game !
If in a business, you are down and out, you may have to quit the game forever !
You may have to retire permanently !
You may be wondering, why all this sermon on a Thursday morning - especially when X-Mas has come and gone !
Along with thousands of you, I read in the newspapers yesterday, our company's results for the year 85-86.
I felt like on the floor of the boxing-ring and the umpire counting
Or is the River of Rising Costs eroding the mountain ?
Two years ago, when our 83-84 profitability went up by O.I (zero-point-one) percent (from 8.0 to 8.1), I sent you a circular saying
It was too early to rejoice. True enough, the happiness was short-lived.
Our profitability once again went
Can anything be WORSE than this ?
Yes - slowing down of Productivity-Growth can be worse .!
Because, whereas we may not have much control over the company's overall profitability due to many external factors which are beyond our control, we, certainly have full control on our own
- working harder
- working smarter
You will see that the productivity of Powai employees went-up by a small 0.4 (zero-point-four) percent during 1985-86.
And during the same period of 12 months our Average Salary/ Wage per unionised employee in Bombay city went up by 9%.
I am reminded of the speech Shri Ramakant More (General Secretary - BKS) made at Lonavala - Shibir of Shop Representatives on 20th December 1986.
"Whereas no Union can ask its members to accept a reduction in wages, it is absolutely essential that every employee works hard for the full 8 hours of the day in a disciplined manner and gives maximum possible output.
Translated in my language, he seemed to be saying,
"If you want to survive, if you want to stop the count-down of declining profitability, get-up and fight like hell before the game is over."