Ever seen people doing their level best to destroy something that has been doing good for them? Or, rather, people destroying a nice looking house where they live, simply because it was looking nice? Keep it simple -- ever seen too many cooks trying their best to spoil the broth?

I relate such things to folks who don't know what to do when suddenly faced with a good thing. They must beat that thing to a pulp to get it back to the shape they are used to seeing all their lives. You know, just like folks who are used to riding bullock carts most of their lives are given a Mercedes, and then they simply don't know how to run it smoothly, and have no clue how to handle it!

Further, such folks don't even bother to know what is a Mercedes capable of doing, how it'll cruise smoothly at high speeds on highways, and how good those brakes are! In short, they don't even spend time to know what all that Merc is capable of doing. Rather, they try to run it on their whims and fancies. And, it has never worked.

Translating this in business terms, there are companies that plod, that run, and that cruise at high speed. To cruise at high speed, you need to take informed, judicious decisions. That may also involve throwing out some of the old things that would have outlived their usefulness. Or, simply get your employees to gear up to understand and take on fresh and pending challenges in a new way. There's a need to re-invent yourself.

There is nothing called one size fits all! People need to understand that the same old techniques that were useful in the past, would not work in the current day environment. It also calls for taking on a lot of responsibility on part of individuals, instead of adopting an ostrich policy, and assume that problems would disappear on their own.

Different situations need different tactics, just like cricket. You cannot afford to become repetitive to the point of sounding like a broken record and behaving monotonously.

We love to talk about good governance, but fail to practise it ourselves, especially when it comes to our own businesses. For example, what's LG doing differently that an Indian company can't do? The management practices are best practices. Simply adopt those and try to follow as close as possible. Then see the results.

Otherwise, there will be numerous cases of people used to bullock carts getting hold of Mercedes and running haywire, without caring for others around them. The results would be likewise. Don't pass the buck! It starts and ends with you!!

If you do not have the wherewithal to run a project, do not pretend. Leave that to professionals or those who are good at it. Or, suffer! Worse, if you don't learn from your mistakes, you will continue to repeat those mistakes till the time you "breach" and not 'reach' your level of incompetence.