How to become a good boss

It’s hard to become a good boss, primarily because it is extremely difficult to satisfy every employee under your authority. Every boss was once an employee who worked under a boss, and therefore, he knows better what a subordinate expects from his boss.

The best way to become a good boss is to learn from your past experiences. Your experience of being a subordinate in an organization, and the way you had thought about a particular situation, when your boss committed a mistake, leads to make you a better Boss.

These experiences lead you to become a good boss, and also help you to look from your subordinate’s perspective.

Here are few steps you could take, which will help you to become a good boss.

• A boss is not a cadre. But rather a person of authority who has the power to entrust responsibilities to those working under him.

A good boss should allot work to his subordinates, and also teach them to complete the job given in their hands. This is the first sign of a good boss.

• As a boss, you should never wear the attitude of a boss. It could be very detrimental to your career. Good boss knows the value of collecting opinions, and then making a choice. A good boss should also have an attitude of being acceptable. The more acceptable you are it is likely that you would command more respect.

• Knowing the ability of those working under you is very vital. A good boss should have the foresight to understand the capacity of every individual, what each individual can do, and then allot work according to his capability.

• If you ever try and take credit for your team’s success, you would straight away go to the bad books. A good boss always give due credit to the team.

• Lastly, never criticize openly, but try and protect your subordinate’s sentiment. Do it in private.

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Facebook announces its shutdown - is it true?

Updated

Facebook owner Mark Zuckerberg has announced that he is going to shut down Facebook in the month of March. The news had come as a shocker to many of the facebook users who have made facebook their second home.

Some of the users spend almost 12 hours on the site, chatting with friends, connecting and sharing their world and even making new friends.

But why would Mark take such a hasty decision, when facebook is doing so well. The site is reported to be valued at around $8 billion. Mark Zuckerberg says that he has become tired of maintaining the site.

The news have originated from a weekly world news.

It’s not easy to maintain a site, which is considered as the most trafficked site after Google. The technical department of Facebook has issued a statement asking its users to remove all the items which they want to, before the deadline date of March 15th.

Facebook users won’t be able to use the site again, after March 15th.

Many parents around the globe might well be satisfied with the facebook closure, but the long list of users would certainly find difficult to live without the most popular social networking site.

According to Mark Zuckerberg,” the stress of maintaining the site had taken toll on him”. He wants to put facebook to rest to the embarrassment of millions of facebook users.

Now, it seems that facebook users may well have to find an alternative if facebook closure reports are found true, which is highly unlikely.

Note: a call had been put to Facebook office, and they have said that facebook closure reports are not true.

Indian Government ordered coins below 50p to make an exit

The Government of India has ordered the coins below 50p to make an exit from the Indian market. The decision has been taken by the government due to inflation in the Indian market. The inflation has made the existence of small change futile.

The coins are expected to exit by 30th June 2011.

Though, in big cities around the country, small changes are hardly being used.Still, small coins are used occasionally in smaller villages and towns in India.

There are still hidden facts, which propelled the government to arrive at such a decision.

Reasons why government of India ordered small coins to exit

Indian coins are made with stainless steel, and these can be melted to make razor blades. Take this example. A 5 rupees coin can be melted and 6 blades could be made out of it. One blade would be sold at Rs2.50 which means that a 5 rupees coin is converted to Rs 15, and profit of worth Rs 10.

Now these blades are smuggled out of the country to places such as Myanmar, Bangladesh and even to Nepal. The government was bent on checking this kind of smuggling, and therefore a decision to peg down such illegal smuggling was taken.

Moreover, the larger cities are not willing to accept such small coins. It was in the best interests that the government had decided to exit the change below 50p coins.

What lies ahead for world business in 2011?

2011 would be tough for many businesses worldwide. In a report submitted by Ernst and Young, world business won’t be as easy as it was in 2010. The challenging environment of business globally will make the business very competitive for entrepreneurs and business players.

Although, there are mixed response to what business could attain in the coming year. Some say that developed markets worldwide will achieve great success. There would be less competition, and thereby more flourishing, while the emerging markets may have to go through the rough.

The influx of the outside companies and the concentration of the local companies would play a part in making the business environment more challenging in the emerging market. There would be intense competition among the business players, as both developed market and the local market would try to capture the bigger share of the market.

However, countries like India stand to gain more in the year 2011, as the optimistic present GDP growth of 8.5% would effect a greater economic growth in the country. Such huge GDP growth in any circumstances provides great potential for growth, though, there are likely to be more competition in Indian market.

Chinese women face hiring issues

Chinese private sector has become a nuisance for Chinese women in the country. The tough hiring laws practiced in China have come in the way of Chinese women, though, on paper, the law protects women.

Women who are pregnant could be fired from their job. A woman is not able to get maternity leave, which means that women are not entitled to have a child while working for a private sector. Such stringent laws practiced in china have not done any good for its women.

Still women have preferred private sector jobs as Chinese private sector jobs offer higher salary compared to the state.

But of late, many women have overlooked private sector jobs for government jobs. At least now, they have more freedom, and can apply for a maternity leave of 90 days, which is very much absent in the private firms.

If one goes through the law book, the story is entirely different. The Chinese have placed laws to protect women. In fact, the 2005 amendment of protection of woman's right and interests had stressed for more gender equality. But there are loopholes in the laws as well. Women are supposed to retire 5 years earlier than men, which accounts for reduced pension, and salaries.

However, the fact is very few firms practice what the law states, and there are prevalent gender bias, with women being the sufferer. Sexual harassment tops the list and very few women actually come forward to file a case against their employers.

Employers view hiring of women as additional burden on their shoulders. They would have to bear the burden of maternity leave, if women gets pregnant, with the result that few private sector firms are actually hiring newly married women.

On the other hand, government jobs pay less, but women find it more acceptable. A pay of around US $600 a month plus housing allowances is far more acceptable, if they could have babies.