28 Feb, 2010 | by

businessman_jump

My heart was beating through my chest, and my mind racing.  The same thought kept replaying over and over again within my cerebral cortex:  “I’m not prepared for this meeting.  How did I allow myself to get into this situation”?  After my colleague and I entered the client’s palatial office, I calmly sat down and distributed the packet of information that we would be reviewing.  I was confident with the early part of the presentation but was struck with an escalating sense of foreboding as the conversation progressed.  His eyes said it all, but his words would remove any doubt:  “I was expecting something very different.  I am now stuck in the unenviable position of having to make a difficult decision…Either postpone tomorrow’s board meeting, yet again, or trust that this presentation will be properly fixed by tomorrow morning”.  His comments, coupled with my senior colleague’s less than stellar support, shook me to my very core.  I was thrown under the proverbial bus, and I knew there was no coming back from it.  Less than two weeks into a new engagement, I was surreptitiously rolled off the client.  Just like that…I was done. 

Never in my career had I experienced such a profound sense of failure and anger, in both myself and the project’s leadership team.  I cannot put into words just how deeply my confidence had been shaken.   In many cases, a consultant’s effectiveness is directly tied to his ability to exude confidence.  Had I lost my Mojo?  Had my personal brand been tarnished?  How could I recover from something like this? continue reading »

4 Feb, 2010 | by

exit-strategy

Although the economists still can’t agree on the real quantative impact of various stimulus packages that were adopted by economies from around the world but one cannot dispute the fact that the size of the stimulus did matter and did work in most cases.

To investigate this further let us look at the various stimulus packages that were adopted during the CRISIS.

Obviously by the sheer size and percentage of National GDP China’s US $ 586 billion stimulus Package which accounts for above 12.9% its GDP stands out from the REST. It is possibly followed by Saudi Arabia, Malaysia, and the mother of all STIMULUS thrown by United States under its American Recovery and Reinvestment Act of 2009 which is the largest by any measures (US$ 787 billion).

At the time there were market pundits who were debating the pros and cons and some even doubted if the stimulus packages will deliver and I am glad to admit that some of us including myself had a different view. Based on my judgement and commonsense I concluded in a piece that I wrote in March of 2009 titled “ Getting the Patient Out of Intensive – The Economy “ that it should deliver and put the US and the world economy back to growth. But having said we should have no illusion that the road ahead is still bumpy and uncertain. continue reading »