Sunday, June 7, 2009

Patterned randomness to Total Randomness

The blog has been dead for a while...and I offer my apologies to the Gods of sadism-for I offered such respite to my fellow mortals...

But the Gods didn't accept my apologies...and here I am as a BLT (Business Leadership Trainee) at HUL (Hindustan Unilever Limited)...n its TOTAL Randomess...basically I shall be moving around India (and once outside too), for the next one year...and experience firsthand the madness that runs rampant in the jungle called HUL...

Of the few things I learnt during MBA...I remember that you do a line extension when the product is in the same category...but for a different use...and so I take great (saddistic) pleasure in introducing my new blog to you...BLT (Blog Likhega Trainee)!!!

This shall be my attempt to document all the amazing experiences that I expect to have during this one year which shall see me explore the entire Indian social pyramid...from villages to metros...from huts to hotels...from order to chaos...from life to life!

Thats it...no dramatic climax...see you on the other side!
(http://bloglikhegatrainee.blogspot.com/)

Friday, October 31, 2008

Proxies...

A teacher of mine used to say..."There is no need for a Happiness Index. The amount of 'happy' can easily be gauged every morning at joggers park..."
While the connection may not be apparent to many, but the fact is, that in life there are enough and more proxies that are clear indications of upcoming or ongoing events. I've started this thread to enlist a few 'not so intuitive' ones...I'm sure I've noticed many more, but just can't remember them all right now....Will keep posting as and when I remember/re-observe...
1) Lets start with an easy one - enter the mess, and check out the line for egg bhurji and omlette...no need to even hit the food to know what awaits you..
2) Go for a jog...the number of people on the track is a clear indicaator of how fast placements are approaching
3) Who needs a thermometer...just pass by the library and peek in...gives a fairly good idea...
4) What time is it?...just be online on gtalk...esp. effective to know about class timings...within 5 mins of a class ending, the no. of people online goes up drastically...don't believe me...just check the theory at 10:40 - 10:50, 12:05 - 12:15...and so on...
5)Are holidays near?...go back to the mess...this time near the fag end...around 9.30...what...salad was still left...well then hols can't be too far away...
6) Still testing this one...I think you can tell what year...even what trimester a person is in, by seeing the length of his/her gtalk status msg...5th term guys would have the longest ones...1st term...barely any. I believe it has got something to do with frustration levels...or maybe just free time...still to come to a conclusion...
7) Let's see if you can figure this one - At one time in the year...you'll see a LOT of clean shaven, well dressed and (most surprisingly) well behaved people around you...my bet is that 5th term has just begun...(don't worry, this abnormality fades away in a week or so)
Some food for thought here...how do we know that these are 'proxies'...and not the real events. Can't placements be the proxy for no. of people jogging? You could extrapolate the logic to hit the reciprocity of related events and the relativity inherent in everything absolute...but that'd just leaves you confused so let's not...
Do put in similar events/proxies that you've noticed...am sure there are a lot....

Saturday, October 25, 2008

Shantiniketan

For all those who haven't read (n hated) it already..here is the 1st of 2 short stories i wrote (n loved) long back...accolades n brikbats are most welcome....
PART I

Mr. Sharma, his wife Renuka, and their only son Rohit were the three inhabitants of the huge mansion named Shantiniketan that stood proudly at 83, Crescent road. Serenity, it seemed, was entrenched in the walls of this respectable house. The peaceful ambience of this house was so overpowering, that even the most ferocious of souls became gentle as they crossed the periphery of this colossal structure. It was the general belief of the neighbourhood that no misfortune could ever disturb the calm that seemed to be embedded in the very bricks of this ‘divine’ house, and their belief had been proved true, year after year, until one day, when it was shattered by a dreadful happening. Mrs. Sharma, who had been her usual cheerful self the previous day, had suddenly been struck by a massive heart attack and had fallen prey to it, leaving Mr. Sharma and four year old Rohit as the only inhabitants of Shantiniketan. The neighbourhood, whose belief had been literally devastated by this occurrence, accepted it as a ‘one-off unfortunate incidence’, and forgot all about it as time went on. Little did they know that this was only the beginning of the terrible end that awaited Shantiniketan and its residents.
Mr. Sharma felt that Rohit’s upbringing would be incomplete without a mother and that it was unfair on his part to deny Rohit the love and care that only a mother could give him. So, within two months of Renuka’s death, Mr. Sharma married a young girl named Savitri. But as it turned out, that was not the only reason behind him getting remarried, as within one year, Savitri gave birth to a baby boy whom both of them decided to call Ravi. As Rohit grew older, he started understanding and incorporating the customs and traditions that make the society that we live in. By the age of ten he knew (and thought that he understood) all about his mother’s death and the fact that Savitri was his stepmother and that Ravi was his stepbrother. From that very day, without any logical reason, he had hated both Savitri and the 5-year-old Ravi. Rohit’s hate for Savitri, who tried her level best to make him happy, was particularly alarming. But he loved and respected his father, and so, he had to keep his fury buried inside himself. As he grew, so did his hate and it kept piling up inside him like logs of wood kept one over the other, until it formed a huge heap and there was space for no more. All that was required now was a spark to ignite the heap and only god knows what misfortune would have been unleashed.
Today Rohit is 21 years of age and has grown into what you may call, a ‘perfectly spoilt brat’. It had all started five years ago, when he had accidentally stumbled upon a secret drawer in which his step mom kept huge bundles of currency, to be used only in the case of an emergency. Every alternate night he used to sneak into his parents’ room and ‘borrow’ some cash from the drawer. He knew that even if he made some noise, his parents wouldn’t wake up, as both of them took huge doses of sleeping pills before they slept. He realized that this was the best way to make his step mom ‘pay’ and extract some benefits for himself while he was at it. The combination of this unending gold mine, which was constantly replenished but never counted by his step mom, and the bad company that he had fallen into, could result in only one thing, alcohol, and so it did. Once started, Rohit ‘progressed’ from one stimulant to another till there were none left to try. He became a nervous wreck and started having phases of emotions that fluctuated from one extreme to another within the blink of an eye. On the other hand, Ravi, who is 16 years old now, has developed into a calm, emotionless sort of a person, who speaks only when spoken to and never gets intimidated by any situation. He is the converse of what Rohit is in every way possible, which is the way every parent wants his child to be.

PART II

One morning, Rohit woke up with a start. He thought he heard someone scream, and almost immediately, as if in an attempt to confirm his thoughts, Mrs. Sharma screamed again. Rohit ran to his parents’ room and what he saw there almost paralyzed him. There on the bed lay the dead body of Mr. Sharma, with a dark red fluid covering his shirt and a look of disbelief in his lifeless, but wide-open eyes. The police was summoned at once and when interrogated, Mrs. Sharma told them that one of her diamond necklace had gone missing from her locker. That one statement finished the case of Mr. Sharma’s death, even before it had started. The police couldn’t have been happier, and they concluded that Mr. Sharma had been killed by a burglar, who saw him waking up while he was stealing the necklace, and put him to rest before he could call for help. But Rohit knew better. He knew that his father, considering the huge dose of pills that he took, would have woken up only if the burglar had made a noise loud enough to wake up the entire household. Also, the police’s theory failed to explain the astonished, ‘how could you do this to me’ sort of a look that his father had had in his eyes. But both these flaws in the police’s theory were eradicated if you replaced the imaginary burglar with someone else, and Rohit knew exactly who that someone was. All he needed now was a proof.

PART III

It was Ravi’s turn to wake up with a start this time, but he didn’t have to think about what woke him up, as he could hear constant cries of “I killed her” that emanated from his parents bedroom. When he got there, he saw his mother lying dead on the bed and Rohit beside it with a bloodstained knife in his hand, crying. There was nothing more to be done. The police came and took Rohit with them, as Ravi prepared for his mothers funeral.
Ravi’s tears seemed endless. It seemed that he would keep weeping till eternity and much beyond it. People could do nothing but feel sorry for him and hope that he would recover from the shock. They tried to console him for as long as they could, but to no effect, and so, one by one, they gave up and started leaving. In the evening, when everyone had left and the commotion had died out, Ravi went to bed, and started thinking. It is ironical, he thought, how your grief could prove to be the measure used to gauge your love. How you can express the joy that a person gave you by showcasing the sorrow that you feel at his death. He kept lying there on his bed and thinking about this for some time and then, for the first time in 16 years, he actually smiled.

PART IV

Ravi had hated all three of them. He had hated Rohit because Rohit had hated him. He had made repeated efforts to tell Rohit that he thought of him as his real brother, and all he had got in return was insult. He had hated his parents, because they spent all their time pampering Rohit, trying to keep him happy, while he was treated like a stray dog, which sometimes got a bone or two to chew on, but never knew if and when he would get another one. He remembered how he had cried for hours and hours and no one had noticed and how that ignorance had made him cry even more. If Rohit’s hatred for his stepmother was a heap, then Ravi’s hatred for all three of them was a mountain of wood and two days ago he had decided that the time had come to light the fire and let it burn all those who had fuelled it.
But Ravi wasn’t reckless like Rohit. He planned his revenge. He had every move figured out. He had considered every eventuality that might have occurred and had adjusted his plan so as to avoid it. It was only when he had gone over his scheme several times that he took the final plunge. That night he had gone to his parents’ room with a dagger in his hand, and had stabbed his father once in the heart. The blow didn’t prove good enough, and it woke his father up. In excruciating pain as he was, Mr. Sharma saw Ravi, but before he could make any noise or call for help, he felt something hard and cold go through his chest and then he felt no more. Next came the masterstroke of his scheme. Ravi took the locker keys from underneath his mother’s pillow, who was sound asleep thanks to her usual dose of pills, and took the necklace from the locker and kept it into her secret drawer, whose location he had learnt by following Rohit one night. He knew that the police would conduct a superficial search and would never find the secret drawer, and that his mother had no reason to open the drawer that day, and even if she wanted to, she wouldn’t dare to open the drawer in the presence of all the people that flooded the house after his father’s death. It was common knowledge that Rohit considered his stepmother to be the culprit, and with some luck he would be the first person to open the drawer and discover the necklace, and that’s exactly what happened.
The night after his father’s death, Rohit drank, as he never had. In his own mind he had already declared her guilty and sentenced her to death, and he drank in an attempt to keep himself calm until he had some solid evidence against his step mom. He ran out of money, but his thirst wasn’t quenched, so he came back home to get some money from his ‘bank’. There he saw Savitri sleeping and he felt a storm of anger and rage build up inside him. But he was there for the money. So he opened the secret drawer and as usual, found the money, but along with it he also found the missing necklace, which was kept there, waiting to be discovered. That was the last straw, the Spark. His suspicions were confirmed. He now knew (or rather thought he did) that his stepmother had killed his father and had hidden the necklace to make it look like a robbery. He waited no more. He took a knife and stabbed Savitri repeatedly, until his hands gave up. But he was high on booze, and suffered from one of those emotional fluctuations, and instead of trying to hide his crime, he just sat there crying, and accepted it. Ravi’s revenge was complete.

PART V

15 years later, and Ravi is the sole owner of Shantiniketan and all of his father’s wealth, but he isn’t the sole inhabitant. He lives there with his wife Priya and his two sons Rahul and Rishi. No misfortune has struck Shantiniketan after the events described above, and it has regained the divine ambience that it once had, but which had been lost for some time. The fact that such extreme hate had once filled the heart of a resident of this house seems quite amazing. But is it really that hard to believe? Isn’t it an inherent trait of Nature itself, that it is opposed to extremities? It seems to have an inbuilt mechanism that detects any such extremity that crops up, and creates the opposite extreme which nullifies its effect. This is exactly what had happened in Shantiniketan’s case, and Ravi, having understood this fact now, is somehow troubled by the peace that his house has regained.

Wednesday, October 8, 2008

Do you smell what the world is cooking ...



“What emerging realities do you see in light of the emerging economies?”

Skipping the definitions, I’ll jump straight to the Emerging Realities (ER) that seem to be taking shape in light of recent developments in the emerging markets:

ER1 (GLOBALISATION): Globalisation used to mean, by and large, that business expanded from developed to emerging economies. Now it flows in both directions, and increasingly also from one developing economy to another. One sign of the times is the growing number of companies from emerging markets that appear in the Fortune 500 rankings of the world’s biggest firms. It now stands at 62, mostly from the so-called BRIC economies of Brazil, Russia, India and China, up from 31 in 2003, and is set to rise rapidly. On current trends, emerging-market companies will account for one-third of the Fortune list within ten years.




ER2 (CONSUMER MARKETS): The sheer size of the consumer markets now opening up in emerging economies, especially in India and China, and their rapid growth rates, will shift the balance of business activity far more than the earlier rise of less populous economies such as Japan and South Korea. A shift in the balance of business would directly translate into shift in investment and production patterns that are closer to the emerging market structure

ER3 (LEAPFROG THEORY): Emerging markets skipped a step when they went from agrarian societies, directly to service led economies. While this may be a good thing for them as they were able to readily learn from the mistakes that the developed nations committed and thus implemented the best practices known at present, it might also become their bane. When countries like the USA grew, they first made roads, hospitals, schools etc., before they went on to investment banking and telecommunication. In countries like India, we have ‘leapfrogged’ directly to services. We today have Airtel & Vodafone towers in villages that do not have half-decent roads. While this jump is leading to a huge boom in growth rates, this growth wouldn’t be sustainable if the fundamentals are not put in place. The govt. at these countries should pump the money being generated due to this boom into basic sectors like health & education to ensure that even if we do not have western support tomorrow, we are fundamentally strong enough to maintain our growth trajectory.

ER4 (INFLATIONARY PRESSURES): High oil and food prices are creating inflationary pressures in many emerging countries that had enjoyed years of stable, low prices along with extraordinary economic growth. Thus these economies may no longer enjoy the huge cost advantage that was their major, and sometimes only, claim to fame.

ER5 (RESOURCE UTILISATION): The side-effects of rapid development, such as pollution and water shortages, also need to be tackled. After a long period in which globalization has been all about labor productivity, the business challenge everywhere, and especially in emerging markets, will increasingly be to raise resource productivity—using fuel, raw materials and water more efficiently. This becomes increasingly important for emerging economies as they face a resource crunch at a time when their energy needs are peaking. On the other hand, the current developed nations had plenty of everything when they grew.

ER6 (NEW PRODUCTS & PROCESSES): When we agree that profitable markets are no longer in the developed countries, but in the emerging economies now, a few things become evident. One is those new consumers, who often demand products at far lower prices and often in more basic forms or smaller sizes than their developed-country counterparts. Emerging-market firms with experience of serving these consumers think they are better placed to devise such products than their developed-world competitors. The same logic may apply to innovations in business models that allow goods and services to be delivered in fundamentally different ways and at much lower cost. But there are also things which companies in emerging markets may lack vis-à-vis their ‘emerged’ counterparts. The greatest of these may be a deep well of managerial experience, which emerging-market firms often lack.

ER7 (ECONOMIC DECOUPLING): One fear is that American jobs will disappear overseas. This is despite plenty of academic evidence that open economies generally do better than closed ones, that in America in particular many more and generally better jobs have been created in recent years than have been destroyed, and that the number of jobs lost to outsourcing is tiny compared with those wiped out by technological innovation . Lately a new fear has been adding to the protectionist sentiment, turning even some usually enthusiastic global capitalists into protectionists. Could the rise of the new champions reflect the advance of bad forms of capitalism at the expense of good forms? Well if it does, then a serious question will face emerging economies like India, >50% of whose GDP is contributed by services (of which a major chunk is BPO+KPO). The question is whether these nations are over dependant on external demand? Can these nations successfully decouple themselves from the developed nations and still have enough internal demand to sustain their double digit growth rates? A lot of emerging economies are taking cognizance of this question and the trend emerging is that of promotion of internal demand.

ER8 (FINANCIAL DECOUPLING): Are the emerging economies too FDI dependant? Are our own markets strong enough to survive without foreign inflows? Questions that had been raised in the past but gathered much more steam after the current debacle in the financial world. The emerging economies have been the worst hit as the foreign investors pulled out in an attempt to reduce the risk in their portfolio. There are serious concerns over whether these emerging economies have enough steam on their own to ride through this storm, or are they too ‘coupled’ with developed nations and will go down with them.

ER9 (RISE OF STATE CAPITALISM): Sovereign funds are unpopular. Such funds have provided several top Wall Street firms (as well as some of their European rivals) with large injections of cash in the past year—including Citigroup, which received $7.5 billion from the Abu Dhabi Investment Authority (ADIA). That probably saved a few of them from bankruptcy or a Bear Stearns-style forced sale, but it was controversial.
Through corporate acquisitions and the investments of sovereign-wealth funds, the role of the state (often an undemocratic one) in the global economy is rapidly expanding. Given the lamentable history of state intervention in business, this does not bode well. At the very least, the growing role of states that often lack democratic credentials creates a sense that the competition from emerging-economy champions and investors is unfair, and that rich-country firms may lose out to less well-run competitors which enjoy subsidised capital, help from political cronies or privileged access to resource supplies. So there is a real risk that bad capitalism will spread in the coming decades. Yet at the same time this latest, multidirectional phase of globalisation offers enormous potential for business to raise living standards around the world.

ER10 (JUST FACTS): Seven years after Goldman Sachs invented the BRICs acronym, the performance of the emerging stock markets is running well ahead of the bank’s high expectations. Even after recent falls, at the start of this month Brazilian shares were up by 345% since November 2001, India’s by 390%, Russia’s by 639% and China’s, depending on whether you go by the mainland or the Hong Kong exchange, by 26% or 500%. In 2001 Goldman Sachs had predicted that by the end of the decade the BRIC economies would account for 10% of global GDP at purchasing-power parity (PPP); by 2007 their share was already 14%. The investment bank now expects China’s GDP to surpass America’s before 2030.

ER11 (NOT JUST CHEAP LABOR): No longer are emerging markets just looked at for cheap labor. While it still remains an attraction, but a declining one as wages in emerging markets and transport costs go up. These days, multinational firms are looking for the skills that workers from emerging markets can bring to a job as much as for lower labor costs.

ER12 (WORLD’S A SMALLER PLACE): The rapid spread of mobile telephony among poorer consumers in the emerging markets is one notable trend. Companies from emerging markets are developing expertise in providing low cost solutions to their customers without any compromise on quality. For eg. - AirTel, the Indian market leader, charges what may be the lowest prices in the world—around two cents a minute for nationwide calls—yet is hugely profitable, thanks to an innovative business model in which many of its operations are outsourced to big multinationals such as Ericsson and IBM.

ER13 (FROM DEVELOPING TO DEVELOPING): No longer are developing economies depending on demand generated by just developed ones. They have understood that the new products and processes that they are defining, are much more suited to other emerging economies where the demographics and psychographics match those in their nation. Already, new champions such as AirTel and Desarrolladora Homex, a Mexican builder of low-cost housing, are planning to take their innovative business models and pricing to other emerging markets, betting that they will transfer more easily between developing economies than from developing to developed ones. Homex hopes to serve communities “in highly populated and underserved areas where we believe our replicable business model will be most effective,” says its chief executive, Gerardo de Nicolas.

ER14 (BETTER OUTLOOK FOR ENTREPRENEURS): Admittedly, venture capital is lagging behind other sorts of finance in establishing a presence in emerging markets. Yet almost everywhere in the developing world the outlook for entrepreneurs is far better than it was even five years ago.

ER15 (SHIFT IN BOTH ECONOMIC AND MILITARY POWER CENTERS): Why did the USA chose that peculiar combination of Georgia, Afghanistan, Iran and Pakistan to target? Why does the USA want to befriend India and go to any length to fight for our (nuclear) cause. Well, just mark these countries on a map and see how they form a belt from Russia to China.

The USA has realized that in the near future, it will not remain the sole superpower, military or otherwise. Alternate power centers are developing in China and Russia. This is leading to a strategic shift in the way the USA and UK plan out deployment of their troops. Also, countries where they can’t win by force, they are forging economic ties (India being an example). The effort is to closely monitor the growth of these new ‘Asian’ power centers and respond accordingly.

With the above mentioned emerging realities, also emerge a few serious questions:

Q1 (GOOD CAPITALISM – BAD CAPITALISM): In particular, how will the governments of these emerging economies choose to mix the various models of capitalism. Ominously, the governments of some of the bigger emerging economies—notably Russia and China—seem bent on a mixture of state-led and maybe oligarchic capitalism, rather than the potent blend of big-firm and entrepreneurial capitalism that has served America, Britain and other rich countries so well.

Q2 (SOVEREIGN FUNDS): Should the rich world worry about it? There is no evidence so far that sovereign-wealth funds are trying to wield inappropriate influence in the companies they invest in. One day they might, but until then they probably deserve the benefit of the doubt. The most plausible scenario is that the growth of sovereign-wealth funds, along with other possibly mercantilist forays by emerging-country governments, will simply waste a lot of capital

Q3 (PROTECTIONISM): The rise of protectionist sentiment in developed countries is a serious cause for concern. Capitalism is a dynamic force and can change over time—including from good forms to bad. Just because America, in particular, has long been a force for good capitalism does not mean that it will continue that way.

Q4 (MINDLESS AGRESSION): In its attempt to set up military bases near China, USA went on a mindless rampage against Afghanistan and Iraq. The reason given was flimsy enough to make clear the intentions behind the attacks. Would this be the future? Would the present superpowers panic and go on a wild fighting spree in a vain attempt to kill all competition? Are we at the brink of a world war before we see a new world order emerge?

Reference:

http://www.economist.com/research/articlesBySubject/displaystory.cfm?subjectid=423172&story_id=12080735

http://www.economist.com/research/articlesBySubject/displaystory.cfm?subjectid=423172&story_id=12080711

http://seekingalpha.com/article/53198-emerging-market-trends-what-s-next

http://www.emergingeconomyreport.com/knowledge-base/

http://www.emergingeconomyreport.com/?page_id=24

http://www.doorsofperception.com/archives/2008/05/emerging_econom.php

http://www.oppapers.com/topics/Leapfrog-Case/0

http://www.economist.com/research/articlesBySubject/displaystory.cfm?subjectid=423172&story_id=12080751

Monday, October 6, 2008

We the students...solemnly pledge...

And here is my take on the second part. “As a responsible member of the student community, what steps would you take to promote entrepreneurship among B-school students? Suggest implementable solutions.”

Given above is the broad structure for defining the scope of student initiatives for promoting entrepreneurship (took me ages to figure out how to post this flowchart - technologically challenged :)). Allow me to elaborate (click on the image to see complete flowchart):

I believe that for every entrepreneurial venture, there are four absolute essentials (when seen from a B-School perspective). These are Motivation to think off-beat, availability of constant and rich sources of Information, the right Platforms to launch and promote the entrepreneurial venture, and finally, Sustained support – esp. in the early start-up phase.

For all of these, I have enumerated certain initiatives that We - the Student Community can take in order to promote this entrepreneurial zeal amongst ourselves. Some of the listed measures are already being pursued, while some others are self-explanatory. Those which do not fall into any of the above classifications have been elaborated below:

1.1. Change in Placement Structure: We should come to a consensus amongst ourselves and resolve to move towards a more market led placement structure wherein the aim is not to place ‘ every student’ but to leave the selection to market forces and let the best man win. It’s a tough call, but what it will achieve is removal of our ‘safety net’. All students at premier B-Schools today are ensured a job – a major detterent to thinking of any new, novel ideas of self-employment. It is only if we are moved out of our comfort zones and into a perfectly competitive market that the best in us will be brought out.

1.2. Start – up orientation in all MBA courses – An initiative by the student and faculty community to devote a predetermined amount of time within every course towards the applications of the learning from that course to start-ups. What this will achieve is 1) give students a perspective on how every aspect of business is different in a start-up vis-à-vis an established firm and 2) send out a clear message that the institute supports and promotes entrepreneurial pursuits and has incorporated changes in its curriculum as a move in that direction.

2.1. Consulting for a local start-up – There is nothing that works better at motivatin entrepreneurship than watching an entrepreneur at work. So let’s go one step further, and get ourselves attached to a local start-up and use all that we are learning to provide help to it. Not only could it be a boon for the start-up (I’m hoping here that we not charge/charge a nominal fee), it would be a great lesson, an enriching experience and a above all, a close quarter look at what it means to be an entrepreneur.

Also, once you’ve consulted for a start-up, don’t leave it at that. Build a lifelong relationship, where the growth of the firm is tracked and brought back to the students who contributed to it. This would help create a feedback loop that would not only give the students confidence in the practicality of their learning, but also allow them to witness the growth of a firm and its journey through all phases (on the PLC anyone ;))

3.2. Inter B-School portal – Inter B-School rivalry maybe great, but let entrepreneurship and entrepreneurs be the thread that transcends these boundaries. The guy most suited to be my CFO may not be at my school, same for every other position. On the other hand, the new idea for which I’m the best fit, may not get generated at my school. Why not have a portal where the students of all B-Schools interact, discuss and bounce their ideas of each other. Not only would this be a breeding ground for ideas, it would be the best ‘human resource locator’.

And once that is done, let’s take it a step further. Let the portal that got the idea going, the portal that brought the best team for the idea together, also be the platform where the idea is promoted. And why just promoted – debated, discussed, refined, improved, and all the other good things that we can do to it!

4.1. Incubators – I know they already exist, but I also know they are few. Why not have a central incubator! The student communities at various institutes can get together, pool in their resources (which individually may not suffice), and create a platform for ideas to flourish and succeed. Ideas do not discriminate between colleges, then why should the support that is provided to them. And the benefits – well I think all of us know why MFs are such a huge hit!

And by the way, we may use the portal described above to get together and get this one going!

4.5. Placement holiday – Well, this is a much hyped, much talked about policy that IIM A started and a few others followed. But frankly, I’m not convinced. Here is my take:

The biggest detterent to entrepreneurial leanings is the presence of ‘safety nets’. It sounds very counter intutitive (after all, if I have a fall back option, then I’ll go all out for my venture. Even if I fail, I have my PGDM to fall back on…no!!), that a safety net should keep you from doing the rope-walk, but it does. A placement holiday, is nothing but another layer to that net.

But here comes in the question of “how long is the holiday?”. It’s an important question. The current average holiday length of 2 years, I believe, is too short to do justice to a start-up venture. By keeping this window, we might be encouraging an entrepreneur to take the easier path a bit earlier than necessary. Then again, I understand that the optimal window length would be different for different types of ventures.

As you would notice, I’m confused. Hence the ‘question mark’ against this one.

Yes Master...No Master...

The given question has two very evident components. I’d like to tackle both separately. Here is my take on whether ‘Are management graduates meant to be corporate servants or corporate masters?’

The basic assumption in the question, as well as the inherent flaw, is that management graduates have to be one of the above. For all those who just sighed and said, ‘here goes another diplomat’, allow me to elaborate:

Lets dive into the history of management institutes in India and the reasons why they were set-up. Taking the IIM’s as our example, we know that these institutes where set up to produce quality managerial talent for our PSU’s so that they could adopt world best practices and evolve into more productive and efficient organizations. The corporate/policy structure at the time was such that more than 70 percent of all resources were govt. owned and these PSU’s were the tools by which the government wished to propel our nation into the bracket of ‘developed nations’. At that time, perhaps, we could’ve made a blanket statement and said – “management graduates are meant to be corporate servant”.

Cut to the present day. Today, the ratios have reversed. Govt. controls just 30 percent of resources while the remaining 70 is in private hands (and this ratio shifts as we speak). Today, there is as much a need for ‘corporate servants’ who can leverage their managerial capabilities and take existing, fundamentally strong and big, firms to new levels of efficiency as there is of great and bold entrepreneurs, of ‘corporate masters’ who have the courage and conviction to open up new organizations and follow their own dreams.

If we extrapolate the trend, then, perhaps, there will come a day (ideally, but not probably) when all existing firms would’ve reached the pinnacle of their efficiency. A day when no value could be created by improving something that already exists as that ‘thing’ would already be the best it can be. A day, when the only value possible would be that which a new idea or a paradigm shift could create. That would be the day when we could make another blanket statement and say that ‘now all management graduates are meant to be corporate masters’.

But till we reach Utopia, we need to understand that a management graduate is not MEANT to be anything – not a servant, nor a master. Or, perhaps he is meant to be both at the same time (finally…some of the diplomacy you feared).

Saturday, October 4, 2008

To the best of my knowledge...

Who am I..Do I know myself..do you know yourself? I am the sum total of all of us divided by all of us. I am the microcosm of the world around me. I am the same as all of you..you’re not better than me, nor am I better than you……

Who am I…it’s a tough one to answer. It’s like asking the guy with the torch how deep the tunnel is. He doesn’t know - he knows only what the light shows him. He sees, observes, absorbs and then moves further. It’s the same with me. Various events in my life, achievements, failures, triumphs, heartburns…these have been the light for me. Life has been a constant process of self exploration, of self discovery. The endeavour has been to have as many varied experiences, to gather as many pieces of this guiding light as possible – and move on…

…no matter what you and I do during this life..at the end it'll all come to naught..to death..you’ll go empty handed and so will I...

But does that mean that we stop living? Can the inevitability of death endorse futility of action? I have strived to be the best at whatever I do. Not the best there ever was, nor the best there ever will be, but the best that I can be. I feel blessed when I win, everyone does. For many the inevitable end may be an excuse for mediocrity, for me, it is the reason to achieve. If all of us are leaving empty handed, then I might as well gather as many triumphant moments, as many blessed feelings as I can while I’m here.

…just like an arrow..shot from the dark..passing through light for some time..and into the darkness again..no reason..no choice..just randomness..nothing matters..its all the same…

When you know and accept that you’re headed back into the dark, then what’s the point killing yourself over it when you’re in the light? I’d rather be an arrow that believes it was shot with a purpose, I’d rather spend my life working for that purpose – or die trying. Perhaps the biggest illusion we have is that of reason, of choice. But should that stop me from choosing, from picking what I think is right and then sticking with it? Yes, life is random. The most thoroughly analysed decisions may go wrong and the most frivolous may dazzle, but is that reason enough to stop thinking? I wasn’t asked my choice before I was sent to this earth to live. I wasn’t asked my choice of family to be born in, or name to be called by all my life. For some this may be reason enough to complain about it all their life, for me it’s all the same, but I wouldn’t have it any other way.


…but still this life is worth living..albeit like Sisyphus..who kept rolling the stone uphill ..knowing that it'll come down again..but still pretending he enjoyed the process..if only to tease the gods..if only to mock the gods…

But there are times when all the above seems a bit distant, a bit faded. I’m agnostic. I don’t know whether God exists but I believe that it wouldn’t make any difference either way. But there are times when I long for the strength that many derive out of their faith in Him. These are times when I turn to the ‘Legend of Sisyphus’. It’s been long since I made peace with the fact that randomness prevails around me. As futile as it may be, I love to nurture the notion that everything has a reason, that there is a method to the madness. I have denied myself all the popular anchors of god, religion, gurus and stone statues. Reason is my God and thought is my prayer. It is not easy to carry on this way, but I do see a light. After all…

…if everything is random, then isn’t that itself a pattern……