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Word: Autarkic

Autarkic [Adjective]

Sentence: When visioning for best possible future energy systems in a world with growing populations, limited fossil fuel resources, rising energy prices and less energy security -more individuals, communities and cities are looking to utilise autarkic principles to harvest, store and optimise use of local energy resources. Energy autarky can be described as a location that relies on its own energy resources for generating the useful energy required to sustain the society within that region or a situation in which a region does not import substantial amounts of energy resources. Functioning autarkic energy systems typically require a micro-grid, well understood energy demand and supply characteristics, opportunities for energy storage of various types and controls able to manage the harmonisation of system components. (Source: www.researchgate.net)

Meaning: Self-sufficient; Describing non-trade situations

How To Remember?

Autarkic” or “Autarky” should remind you of “Autonomy“-the right or condition of self-government. The idea of autarky may be thought of as an extension of autonomy whereby you not only have your own government, your country/society is self-sufficient and does not need any inputs or call for any intervention from an outside party.

Remember thus!

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Organization Meter: Policy & SOP

Policy is formalized practice.

Your organization has been doing something for so long that it becomes part of its identity. It formalizes it by taking approval of the management. Now, not one can go against a formalized practice. While one may not be penalized always if one dithers, there is no incentive to.

Policy is not just formalized practice. 

Policies are powerful tools to bring about change in an organization, to even go against a formalized practice. In these cases, going against the policy can result in penal actions.

The Objectives of Policy

It is to make the operations smoother, the delivery smarter. It is to eliminate ambiguity as much as possible and help decision-makers take decisions in a faster and more informed way. It is to make knowledge transfer simple and succession planning seamless.


The Requirement of SOP

SOP, for the uninitiated, refers to Standard Operating Procedures. If your organization has wonderful policies, but yet the talent retention is not great, your employees complain against the bureaucratic nature of your organization, your delivery men are frustrated and power circles have evolved within your organizations, it is because your organization does not have enough SOPs.

Use this thumb rule:

For a great organization, Number of SOPs : Number of Policies >> 1. 

Much greater than 1 would reflect that the policy makers are aware of the ground realities and have painstakingly developed and curated their SOPs and/or, the policy makers constantly have an ear to the shop floor and listen to the difficulties faced by the customers (internal or external) as also the delivery men.

The Bottom Line: Writing and adopting policies are not enough. You need evolving SOPs to back them up. Then you might just be able to attain the objectives of policy-making. 

Amartya Dey, India

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