The rationale for 5F World - some new year thoughts for you !
Another new year has rolled in and almost imperceptibly, we have grown a year older and hopefully a year wiser. For me personally, it’s been a year of new learnings as we built a new entrepreneurial organisation 5F World and saw it grow, touch the lives of many clients and people and spread its wings in our chosen world of digital technologies, skills and social enterprises. And why do we call it 5FWorld? Thereby hangs a tale!
It was the summer of 1992, one year into my CEO stint at APTECH when we had done much of the hard work of getting the company out of its minor existence and created a shared vision – to compete with the industry leader and be the world’s largest network of computer training centres by 2000. That was the time when our young team decided that we needed something fresh and peppy as our cultural framework, something that would inspire our youth and give them a reason to join stay and outperform for the organisation. A half day of brainstorming led to our five Fs – Fast, Focused, Flexible, Friendly and Fun, a mantra that I have personally carried with me into my subsequent fifteen-year stint as CEO of Zensar and now made it the name of our firm.
The five Fs have always had relevance for individuals, organisations and societies but in today’s world, buffeted by the multiple forces of protectionism, automation, digitization and jobless growth, following these tenets can open up the path to innovation and success despite multiple odds. Digital transformation has led to the creation of new customer journeys for most corporations and innovative learning paths have enabled new employee journeys in many firms. New learning journeys are also an imperative for youth who have to retrain themselves for the challenges of a changing world. In such a context, the virtues of thinking and moving Fast and maintaining total Flexibility in approach cannot be over-emphasised. Speed is of essence to capture and sustain leadership in existing and new segments of business and openness to new ideas and new desires of digital natives and millennials will create the flexibility needed to adapt business models to new realities. For youth entering the job or entrepreneurial arena in these times, the virtues of Fast and Flexible are equally vital, since it will enable them to look for the right opportunity from a galaxy of options and grab those that offer the most excitement and best likelihood of reward.
In this ever-changing environment, what is the value of Focus? While on the face of it, it may seem that being too focused will put an individual or organisation at odds with flexibility, the reality is that Focus and Flexibility are two sides of the same coin. While flexibility keeps one’s mind open and the intent should be there to quickly adapt to seize new opportunities, nothing is ever achieved without a strong sense of purpose and the ability to focus. In the companies that I have run, it was incredible focus that got Aptech to a market leader position in over forty countries including China and it was a strong digital and e-commerce focus that enabled Zensar to record a market value CAGR of 44 percent between 2010 and 2015. Our One Zensar initiative got the entire team to focus on common goals and served as the glue to bind the organisation together to achieve stellar results in key focus verticals like Retail and markets like South Africa.
At Aptech, an organisation where the average employee age was 24, we found myriad ways to have fun, both at work and beyond it. The rooftop rain dances every month where every Aptechite from Chairman to newest trainee would let their hair down and bond are still the subject of many alumni discussions and in spite of computer training not being the most sought after career options, we were able to inject a sense of joy and purpose into every job and make every employee enjoy the process of building a multi-national organisation in the nineties. And at Zensar, our focus on Friendly was what truly enabled this organisation to start from the ashes of an old hardware company and build a culture that has no parallel in the industry.
Harvard Business School has written an outstanding case on Vision Communities and the Associate Relations Function at Zensar, both of which were creations of a management team that truly epitomized friendliness and walked the talk when it came to making every one of our eight thousand plus employees and hundreds of customers feel part of one large and cohesive family. Friendly managers and a constant urge to design new dialog and feedback mechanisms are part of the wish list of every human resource department but getting the formula right and making employees feel truly part of a Fun and Friendly culture make all the hard work needs to be Fast Focused and Flexible truly worthwhile. Long may 5F organisations flourish in these difficult times!
Enjoy your new year – the 5F way!
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Dr. Ganesh Natarajan is Chairman of 5F World, Pune City Connect and Social Venture Partners, India.
Post-Bacc Pre-med Student | M.A. in Bioethics | Certified Medical Assistant | Bridging U.S., African & Gulf Health Approaches
6yYes, new learning journeys offer practical ways to embrace change especially when Change is imperative due to a rapidly changing business & skill requirements all around us.
SELF EMPLOYED
7yAptech was not succesfull and management changed hands many times. It lost market share to new entrants like SSI and other educational institutes whereas NIIT retains it leadership market presence even today. A few friends of mine who worked in Aptech in the nineties used to mention it was a terrible place to work and no work life balance. Such organisations with no good systems gradually lose to competition and fade away .
You brought back great memories Ganesh.
2x Startup Founder | CTO @ Merren | B2B SaaS | Spiritualist | Leadership by Integrity and Ethics | WhatsApp Business API Specialist | Expertise in Business Solutions Using WhatsApp
7yVery well articulated. Thanks for sharing.
Happy new year to you and team 5F World!