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​*Kaizen Story: Tiger in the Toilet*

Once a stranded Tiger entered the washroom in a Corporate Office and hid in a dark corner. Since there were people outside the washroom through the day, the Tiger was afraid to come out.

Many people frequented the washroom, but the frightened Tiger didn’t touch anyone. However, after four days it couldn’t bear hunger anymore, so it caught a man who had come in, and ate him. 

This man happened to be an Assistant General Manager in the organization, but nobody noticed his disappearance. 

Since nothing untoward happened, the Tiger became bolder and after two days caught another man and ate him.

This man was the General Manager of the organization. 

Still, nobody worried over his disappearance (Some people even happy that he was not seen in the office).

Next day, the Tiger caught the Vice President who was a terror in the organization. 

Again nothing happened. The Tiger was very happy and decided that this was the perfect place for him to live. 

The very next day the happy Tiger caught a man who had entered the washroom while balancing a tray of teacups in one hand. 

The frightened man fell unconscious. Within fifteen minutes a huge hue and cry ensued, and everyone in the office started looking for the man. The search team reached the washroom, flushed out the Tiger and saved the unconscious man. He was the tea boy in the office.

*Moral of the Story*

It is not the position, but our usefulness to others that makes us lovable and respectable. _*If your subordinates are happy in your absence that means your not a perfect leader.

*Acknowledgement: From the book *Tiger in the Toilet*

Macro Economic News – 12th May 2017

BUSINESS LINE

[I]  GM mustard closer to taking root with regulator’s approval

[I]  CBDT issues draft accounting rules for real estate projects

[I]  CEA Arvind Subramanian hits out at global rating agencies for China bias

[I]  Protectionism is a dead end, says top US Federal Reserve official

[I]  Defence procurement: No consensus on strategic partnership

[I]  CBDT online facility to link Aadhaar with PAN

[I]  India needs to triple investment in agricultural research: IFPRI

[I]  Thundershowers look set to scale up over peninsula

[I]  ‘Banks need to leverage existing customer base, provide technology-enabled services’

ECONOMIC TIMES

[I]  A cross-border chemistry between Indian entrepreneurs and Chinese investors

[I]  Indian mangoes travel to S Korea, after Australia visit

[I]  Re-emergence of El-Nino may push jeera prices beyond Rs 20,000 level

[I]  Exporters’ body want conversion of dollar earnings on REER

[I]  India passing through biggest technological revolution: Amitabh Kant

[I]  Modi diktat paying off: India infrastructure projects on a roll

[I]  Insolvency resolution time for smaller companies may be shortened

[I]  CEA Arvind Subramanian flays global rating agencies for treating India unfairly

[I]  CBDT releases draft income calculation norms for real estate

[I]  Indian Labour Conference to discuss key issues like social security

[I]  Tripartite body should guide labour policy, not Niti Aayog

BUSINESS STANDARD

[I]  Govt to shortlist 6 firms as strategic partners for defence manufacturing

[I]  CEA Arvind Subramanian questions RBI status quo on rates

[I]  Steel, metal firms announce Rs 1.4 lakh-cr capex as fundamentals improve

[I]  E-commerce consolidation to give way to mature growth in sector

[I]  Govt mulls primary deficit targets for new FRBM road map

[I]  Train tickets may get costlier as Railways rethinks service charge waiver

[I]  Registration for GST enrolment to reopen on June 1

[I]  Finance, commerce ministries in a turf war

[I]  Weekly Aadhaar seeding target for lenders set

MARKETS (7:30 am)

[I]  SGX NIFTY Fut: 9446;  USDINR DGCX: 64.4650;  DJIA Mini Fut: 20852;  FTSE 100 Fut: 7358;  NIKKEI 225 Fut: 19907;  EUR-USD: 1.0869; Crude Oil (WTI): 47.90;  Gold (Spot): 1226

12-May-2017 | 21:47 Hours IST | #SGJ7

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