Abhinay Saxena

Banker,philosopher,reader,writer, a husband, a brother, a son and a father to an angelic girl.

[Bar and Bench @barandbench]

BREAKING: Bar Council of India directs State Bar Councils not to enrol any 2026 NALSAR graduate as an advocate until further orders.

BCI seeks a report identifying those behind the campaign over CJI Surya Kant’s participation in the University’s convocation. A final decision will be taken on August 19.

[Abhinay Saxena @AbhinaySax]

Massive Traffic Jam at Atal Setu towards SoBo
@RoadsOfMumbai @mybmc

[Vishal Bhargava @VishalBhargava5]

Prestige makes its presence felt at Mumbai. Been a fast drive for this building overlooking the Mahalaxmi Racecourse. Its magnum opus will come up next to this: Liberty Towers. 1) 200m 2) 290m.
Will make for a dazzling addition to the Mumbai skyline.

[ISRO @isro]

Design & Manufacturing Breakthrough:
ISRO successfully conducts a long-duration test of the PS4 engine, re-designed for production using cutting-edge additive manufacturing techniques and crafted in the Indian industry.

The new engine, now a single piece, saves 97% of raw materials and reduces production time by 60%.

https://t.co/kM2N95c1zc

[Hesh @orbithm]

The incredible mimicry of the European starling 😳🕶️🤏

[Massimo @Rainmaker1973]

Photographer Wu Yung-sen has been deep sea diving and photographing marine life for four years.

On a blackwater dive—unable to see the bottom and surrounded by impenetrable space—he chanced upon a rare larval Wunderpus octopus, totally transparent.

[THE SKIN DOCTOR @theskindoctor13]

Govt should make Aadhar-based registration mandatory even for regular boyfriends and girlfriends, without which they wouldn't be allowed to visit cinemas, pubs, gift shops, hotels, etc together.

As soon as someone enters a relationship, they register. This will address the cheating issues, as one person can register only once through their Aadhar at any given time. If someone attempts to register twice, a message will be sent to the person's boyfriend/girlfriend about the second registration attempt.

When couples go to cinemas, pubs, or hotels, their Aadhar links will be cross-verified. If someone is found with a person whose Aadhar isn't registered or registered with someone else, their partners will receive a notification along with live locations.

A worthy chaos I say.

[Shreyas Doshi @shreyas]

As a senior executive, you care a lot about your teams moving fast.

So when a team misses its committed launch date, you show great displeasure.

You demand more accountability.

You make an example out of this team.

Other teams see this.
They are not stupid.
So they learn.

And from now on, every single team hits their committed launch dates.

You are very happy.
I can see it.

But my friend, I am so sorry to tell you:

You are no longer moving as fast as you were before.

Plus, what you ship will no longer be as high quality as before.

And over time you start to see this too.
You are not stupid.

Even though everyone is hitting their launch dates, something has changed.

Things seem to be moving slower than before.

And you have no idea why.

So you call meetings.

You set up check-ins.

You set up processes.

But despite all your efforts, nothing changes.

That gnawing feeling that you are no longer moving fast persists.

That embarrassment of seeing your teams ship a shoddy experience is all too common now.

And you have no idea why.

The answer is right there.

You are no longer moving fast because of YOUR communication.

Instead of creating a culture where teams have intrinsic motivation to move fast — because they are energetic and they care — you started punishing the odd case where a team misses its aggressive target date.

And so, by doing that you sent a message to everyone: Don't be very ambitious, because the reward for ambition is punishment.

I know that isn't the message you wanted to send.

But by doing what you did, it is the only message you will send. 100 times out of 100.

What could you have done instead?

When that team missed its launch date, you could have sent a positive message instead of punishing the team's leaders.

You could have used this opportunity to build & maintain a culture of aggression and ambition.

You could have said:

"I understand why you missed the launch date.

I'd rather that you stay aggressive and sometimes miss the date than being conservative and always hitting the date.

I don't want you to stop being aggressive by default.

And we want more teams to be like you."

At this point, you are either seeing the value of this approach or you are trying to find reasons to reject it.

And your reasons are quite flimsy, such as: "But what about launches that have an external commitment?"

You are smart. You can figure that one out.

But okay, let me spell it out for you:

1. Most launch dates should not be committed externally. So don't commit dates for most launches.

2. A few launches need external commitments (to customers, or regulators, or partners...)

3. For the launches in # 2, sure, commit a conservative launch date that you are almost certain to hit.

4. But even for those, ask the team to devise an aggressive internal target date. It's okay if they slip this date. But it's important to have that aggressive internal target.

Why? Because remember Parkinson's Law:

Work expands to fill the time allotted for its completion.

Have you ever noticed how teams always struggle to hit their launch date, no matter how conservatively they've set them?

Yes, that's because of Parkinson's Law.

Look, I know it's easy to have dogma around "always hitting dates".

Dates are an easy, but incorrect proxy for your teams' velocity, ambition, and energy.

Though if you still want to maintain your fascination with hitting all dates, I am not sure I can (or even want to at this point) convince you otherwise.

But then I also guarantee that you will spend your entire career managing teams that move slower than they really can and/or ship lower quality products than they really can, and you will spend your entire career setting up check-ins, processes, spreadsheets, and carrots/sticks trying & failing to solve a problem that you created in the first place.

Best of luck to you!

[Massimo @Rainmaker1973]

India's 16-year-old para-archer Sheetal Devi produced a sensational effort in the final of the women's individual compound event at the Asian Para Games to win the gold medal. With no arms.

[Abhinay Saxena @AbhinaySax]

@VishalBhargava5 Chinese govt intervenes to stabilize home prices to ensure they do not drop below lending margin of banks, typically around 20-25% to mitigate the risk of widespread citizen defaults.
With massive infra projects not able to even service the interest, priority is to save the banks

[Abhinay Saxena @AbhinaySax]

@dubeyamitabh What'd be the tax levied on increased value of coal?

[Vishal Bhargava @VishalBhargava5]

Prestige seems unstoppable in its sales. Delighted to see the speed of construction in some of it's Mumbai projects.
For an execution-starved market, it will help build goodwill
Reckon by 2025 it's new launches will garner a steep premium to the market.

https://t.co/OAsiMs2QrZ

[Abhinay Saxena @AbhinaySax]

@KobeissiLetter @nickgerli1 So there may be a lacuna in my Ken but 4.5% is actually very attractive...4.5x is 450%...either you're misreading this report or I'm... in the graph it's 4.5x

[Massimo @Rainmaker1973]

Pachelbel's Canon in D, P 37 played by countless trains, the sounds of which were recorded and assembled by the Czech machinist Pavel Jirásek

[Dan @danmurrays]

Mark Zuckerberg just collaborated with Ray-Ban

And they've created something out of science fiction.

Here's everything you need to know:

[Historic Vids @historyinmemes]

The original Michelin Man from 1894.
He was is white because rubber tires are naturally white. It was not until 1912 that carbon chemicals were mixed into the white tires, which turned them black. The change was structural, not aesthetic. By adding carbon, tires became more durable.

Michelin also began reviewing restaurants so that more people would travel further distances in their cars to eat at these restaurants. This, in turn, would wear down their tires faster and force them to buy more.

The star system that Michelin uses goes up to three and is broken down by whether or not it's worth driving to the restaurant:

One star: "A very good restaurant in its category" (Une très bonne table dans sa catégorie)

Two stars: "Excellent cooking, worth a detour" (Table excellente, mérite un détour)

Three stars: "Exceptional cuisine, worth a special journey" (Une des meilleures tables, vaut le voyage).

[Abhinay Saxena @AbhinaySax]

@atulkasbekar #WorldPhotographyDay2023 @atulkasbekar #neemrana #dslr

[Science girl @sciencegirl]

Uroplatus phantasticus, a leaf-tailed gecko from Madagascar

📹The Reptile Report
https://t.co/m5aFOzGDmm

[Vishal Bhargava @VishalBhargava5]

Mumbai Housing Sales in April - June 2023

Prestige Bellanza: ₹458 cr
Modern Vivarea: ₹404 cr
Birla Niyaara: ₹323 cr
Lodha World Towers: ₹243 cr
Lodha Malabar: ₹231 cr
Piramal Aranya: ₹223 cr
Oberoi SkyCity: ₹210 cr

Source: CRE Matrix

[The Infra Invester (IN) @PandyaEr]

Mumbai Housing Sales in April - June 2023

Prestige Bellanza: ₹458 cr
Modern Vivarea: ₹404 cr
Birla Niyaara: ₹323 cr
Lodha World Towers: ₹243 cr
Lodha Malabar: ₹231 cr
Piramal Aranya: ₹223 cr
Oberoi SkyCity: ₹210 cr

Source: CRE Matrix
#mumbai