Just writing

Unelectrified villages or cities?

2009-02-19T08:48:00.004+05:30

India has a large programme for electrification of un-electrified villages: Villages which are far flung and have not been put onto the electricity grid. There are about 85,000 of them all. The target of electrification programme is to electrify all of these villages by 2012. But I wonder where there is similar programme for powering the "un-electrified urban areas" through the grid.

Let me explain "un-electrified urban areas".

My office is in a swank DLF building in DLF Cyber City. And guess what, it has not been provided grid connection. It runs 24x7x365 on Diesel or Gas generators (especially for a lot of BPOs in this area). Imagine if there is cut in gas supply or diesel shortage or something like that. This nightmare actually became true when during the oil companies strike, the petrol pumps and oil depots went dry. The DLF areas were running on low diesel inventory. To conserve oil, half of the lifts were shut down, the lights in parking lots were switched off and so were lights in corridors and "the fancy lights" in offices. It could have got scarier the next day had it not been a Saturday. Over the weekend, the oil companies strike was called off and ...

Does government have some programme to electrify "un-electrified urban areas"?

Similarity between failures of Subhiksha and Satyam

2009-02-06T09:56:00.003+05:30

The founders and CEO's of two big failures in Indian economy Subhiksha and Satyam Computers are R Subramanian and Ramalinga Raju respectively. Subramanian and Raju happen to be from the most elite business schools of the world - IIM Ahmedabad and Harvard Business School respectively. Period.

Subhiksha has run out of cash
Ramalinga Raju quits Satyam; admits to fraud - Express India

Predictive text in Hinglish, Part II

2007-11-11T08:05:00.000+05:30

I posted this one on my blog about 10 months back "Predictive text in hinglish"

Interestingly.... Motorola has recently launched something on these lines...
-------------------------------------------------------------------
http://www.motorola.com/motoinfo/product/details.jsp?globalObjectId=207
USB 1.1 for charging
Office-quality speakerphone
Rich applications such as 3 pre-loaded games, currency converter and calendar
Sleek black form factor
Features 7 African languages
Hinglish predictive text for writing combined Hindi and English text messages
20 KB on-board user memory³

Flyover daudenge, Sharmaji daudenge...Dilli duadegi

2007-10-29T22:03:00.000+05:30

Remember this ad prior to the first Hutch Delhi Marathon?

This time it was, I think the third run of Delhi Marathon; although the brands have changed hands. Hutch has been acquired by Sarin saab run Vodafone. So this time it was called VDHM- Vodafone Delhi Half Marathon.

I too put on my joggers on early morning of 28 October and ran with the thousands of junta. There were highlights of the (my) run, other than the fact that I did manage to complete my 21km in 3 hours 20 minutes ( I can look forward to breaking my record next year :)).

The other highlights should sound amusing.

First, I hadn't collected my bib. So I went to the Vodafone stall at the starting venue (a cricket ground at Vinay Marg) and requested these guys for one (The bibs could only be collected till penultimate day from Ansal Plaza). I didn't see any hope and the thought of running "numberless" was giving me depression :( Perhaps, this lady from Vodafone, took pity on my sad face and took me bit away from her office crowd and handed her bib. Huh! "Thanks madam" I told her and quickly proceeded towards the starting point. So, I ran as "Jayashree Sundar" with bib no. 31807! ;).

Anuj (colleague) and I then rushed towards the starting point at 8.15 am, only to realise that the run took off 30 mins back. shucks! Anyways, we began running..

Somewhere at 5 km, I stopped a bit, so Anuj and I decided to run at our own paces and he went ahead. Just slightly ahead of this milestone, I and some other joggers were stopped by a Dilli police constable Ram Singh..."re bhai theher ja, araam kar le...kidhar bhaaga ja raha hai...woh chore to wapas aan laag re sai!". On the opposite side, we could see the Keynians getting back heading towards the closing point. Anyways, thaanedar sa'ab to kind enough to let us late comers go ;)

The marathon route was amazing, through greenest and cleanest areas of NDMC - Chanakyapuri, Prithviraj Road, Aurangzeb Road, CP, India Gate...and yes weather was just about right to keep up the morale .. all in all, a pleasant experience..from 5km to 14km milestone, my stretch went on ...not any particular event to write on that part!

At around 14km, near Safdarjung Airport, I got this extreme pain in my feet, and I decided not to hurt myself more. I broke off from the marathon only to get lost somewhere in the service lanes around Safdarjung Flying Club. Somehow managed to ask people around, kept walking, so as to see some auto/bus. The funny part happened when, after getting directions from numerous passers-by in narrow bylanes, I finally managed to reach 'some main road'; only to realise that I had joined the marathon again. I think due to this detour I ended up travelling lil more than 21km in all. At this point, I still had extreme ache and a feeling of ulcers developing in my feet. But then, got a feeling to somehow drag myself to reach to the end.

As I touched the line, it was 11.40 pm. There were the dholwale and the naachne wale around - 'thim thim lak lak' in true saada Dilli ishtyle... that helped pep up the spirit a bit.

The ache in the feet was unbearable...but then it definitely gave each of us who finished, a good feeling of having tried out our stamina and touched the finishing line finally!

And btw, just checked for the fastest runner. This Kenyan took just 01:00:43 (hh:mm:ss) !!

Impact of Chak De India

2007-09-10T09:27:00.000+05:30

The neighbour of my sister has two daughters- both should be below 6 years. That late evening when I was leaving my sister's place after a visit, the mother of the two girls was asking her daughters to leave their plastic hockey sticks and go to sleep - "ab bas bhi karo tum dono, subah khel lena".

I was pleasantly surprised at this new craze of (women) hockey. The little girls, in their night suits, were dribbling with their plastic hockey sticks just outside their porsche. When I spoke to their mother about this new found craze, she told me that many of her daughters' classmates have got onto hockey. In fact, the school took all the kids for a special show of Chak De India and later dedicated a week for 'The National Sport of India- Hockey'.

By the way, are you running the Hutch Delhi Marathon?

Energy can not be destroyed, it can only be wasted

2007-08-07T09:52:00.000+05:30

While understanding energy efficiency of a system, I think it is important to not only calculate output/input but also look at ways in which the wasted energy (input-output) can be converted into some useful form. For example, waste heat from a foundry can be used to heat water and generate electricity. Heat generated by braking in automobiles can be converted to electricity (Toyota Prius concept). People are going much farther - A gym owner in California has installated fittings beneath the track of treadmills, which convert the pressure energy exerted by the runners in miniscule amount of energy. A famous of brand of running shoes, has installed some piezoelectric (energy owing to pressure exerted) cells in the sole, to generate energy to charge the i-pod or cellphone of the runner.

The last two examples being just a matter of information, the point I am trying to make it is that if we consider the efficiency of any energy consumption system by also looking at all ways in which the wasted components can be converted to usable forms, we will have a better view of the efficiency of the system. In fact, that is the way, we need to judge a system's energy efficiency and not just by calculating main output/ input.

Reducing my carbon footprint Part II

2007-07-28T08:07:00.000+05:30

It has happened to me and I am liking it. Last year, I mainly worked on upcoming coal based energy plants (a really huge plant actually). So it was indirectly causing a lot of carbon footprints to be left behind on the environment and lot of guilt in my head for being a part in causing that.

Things have changed starting this year. I have been on hydro energy* till this quarter. I feel I am leaving less footprints through my work and also have the chance to wash away my past year's unclean energy's 'sins'. I may get to work on Wind energy next; meaning more opportunities to do cleaner work and totally free myself from the 'sins' accumulated last year :)

*Although not all hydro energy is renewable in nature. Big hydro plants (especially the ones which build huge dams - eg. Sardar Sarovar Dam) cause irreparable damage to environment around their dam/reservoir, since they submerge huge amount of hand- in turn submerging lot of vegitation and also people's houses. The vegitation that gets submerged emits loads of greenhouse hydrocarbon gases)

Reducing my carbon footprint

2007-07-28T07:58:00.000+05:30

People nowadays have started asking this question " What's your carbon footprint"?. Essentially meaning that in whatever energy consuming activity you perform (for that matter, every activity we do is energy consuming, barring perhaps sleep!) how much carbon emissions did I leave in the atmosphere. So, when I went to Sikkim last Wednesday, I caused emissions to come from: Cab from home to airport, Delhi airport to Bagdogra airport (planes have a much severe impact), cab from Bagdogra airport to Gangtok. That's quite a bit of carbon footprint!

Well the question is, could this footprint have been minimised? Well yes, if my clients were willing to have that 2 hours presentation on web confrencing via say, a Reliance Webworld. That would have saved loads of money and emissions as well. Well, it's another point that the trip was a package work+leisure trip, hence I liked it.

I think we should considering the latest means of interaction - internet (and its children - VOIP, Video conferencing etc), as not only money saving but also an important way to save environment.

Good old resources conservation habits

2007-07-17T13:49:00.000+05:30

Memory 1 # When I stayed with Mr. & Mrs. Iyer at their Chembur flat during my summer internship (April-June 2005), I noticed that Uncle used to eat rice and dal without spoon. He used his hands (typically found in South India) and at the end of the meal, he made sure that the plate was clean; he cleanly ate all bits of rice on the plate (which is only possible with hands and not spoon). This ensured that food was not wasted at all. It also ensured less water usage at the time of washing dishes.

Memory 2 # When my late grandmother had to take bath in winters, she used to keep the bucket of water in open sun. By around 1 or 2 in the noon, the water was warm enough to be used for bathing. Geyser power saved!

We still sometimes, keep refrigerated items out in open to come to normal temperature, 10-15 minutes before being put on the stove for heating. It saves gas.

I think traditionally, we lived simple lifestyles and have been always conscious of the limited nature of our natural resources. Why can't we incorporate these elements in the new buildings we design, the cars and other resource consumption devices we design?

Creativity and enterpreneurship is found on the streets

2007-06-26T10:02:00.000+05:30

Indians are a bunch of creative people. A case in point:

I: On three sides of my office building, DLF is doing really huge construction activity. Implying that there are large number of construction workers/labourers working from morning to evening and staying in temporary hutments provided by the builder. They are going to be here for at least a year or get engaged in another huge construction project going on just 500 metres away. Most of these workers are migrants from Bihar and poorer regions of UP. Looking at their requirement to call up their families in remote villages, a guy had set up a movable kiosk (thela) with 4-5 WLL telephones (Reliance/Tata). And whenver I pass by in front of his thela , his phones are always engaged.

And by the way, when the labour move to another nearby construction site one year hence, I have no doubt that this creative thela wala would move along.

China-India: Old comparisons and still continuing

2007-06-26T09:23:00.000+05:30

Case I: China plans to build a road up to Mt Everest base camp on the Tibet side. The 108 km road at such high terrains, is slated to be completed in 4 months. The point is the ability and will to complete such a big project in flat 4 months, and not that such a road would be ecologically harmful.

Case II: India faces severe power shortage. And yet, it has taken the government of India more than 6 months to disqualify a successful bidder (Lanco-Globeleq consortium) for the prestigious (and critically needed) 4,000 MW Ultra Mega Power Project, when the case is clearly of false presentation of facts (both experience in developing power projects and net worth of bidding company). And they are still holding "meetings" to decide how to disqualify/qualify the bidder. The project is already 6 months delayed and a decision on who will develop the project is likely to get into a limbo again.

One government completes a project in 4 months. On the other hand, its neighbour takes more than 6 months just to decide who will or will not develop the project.

Cool and useful feature: FedEx Kinko's and Adobe® Systems

2007-06-21T10:00:00.000+05:30

Sometimes, allowing your software (like Acrobat Reader) to download updates as and when available has its advantages- you get to see and use some really cool and useful add-ons. For example this:

FedEx Kinko's and Adobe® Systems, Incorporated have teamed up to enhance your online printing experience. From Adobe Reader® and Adobe Acrobat®, you can now send PDF files directly to FedEx Kinko's for printing, binding, and shipping.

First, click the FedEx Kinko's button in Adobe Reader or Adobe Acrobat toolbar, or select "Send to FedEx Kinko's" from the File menu. Then, set your print options in FedEx Kinko'sSM Print Online, preview your document, select from available pickup and delivery options, and pay online.

You'll save both time and money while enjoying the powerful features of FedEx Kinko's Print Online!

http://www.fedex.com/us/officeprint/onlineprint/adobe/service.html

A bicycle as an investment

2007-06-17T09:15:00.000+05:30

It is unlikely I would have thought of a newly bought bicycle as an 'investment' (rather than as an expense) had I not read about Carbon Emissions trading (more popularly called CER trading) or about the current climate change concerns.

Here is a quick analysis of my new investment called "Project Bicycle":

mileage of my two-wheeler: 35 km/ltr
Driving need for a day: 6 km/day
petrol conumsed per day: 0.171 ltr/day
Emissions per ltr of petrol: 2.320 kg/lt
emissions saved per day: 0.398 kg/day
No. of days in year: 270 days
Carbon emissions saved in a year: 107.383 kg/year
Carbon emissions saved in a year: 0.107 ton/year
revenues from CER at 20 Euros/CER: 118.121 Rs/year

Savings on fuel: 46.286 ltr/year
Current price of petrol: 45 Rs/ltr
costs saved on fuel: 2,082.857 Rs/year

Payback purely on fuel savings
Total inflow 2,082.9 Rs/year
Total outflow 2400.0 Rs
Payback 1.15 years

*Payback considering CERs
Total inflow 2,200.98 Rs/year
Total outflow 2400.0 Rs
Payback 1.09 years

*although, CER trading at a personal level is not available at the moment; but imagine if 10,000 new cycles register for such a benefit :) so that the transaction costs of such a sale can be justified

Of course, I have been on the realistic side when :

I compare my bycycle with a two-wheeler and not a car (which I use more often)
Petrol prices assumed at Rs. 45/ltr when it is very much in news that government is going to up the fuel prices as it is no longer capable to bear the load of oil subsidies.
I ignore the health benefits that get accrued to me.

Wish mucinipalities could bail out the existing cyclists and new cycling enthusiasts with dedicated lanes or fining auto drivers from honking incessantly at cyclists.

Profit in solving local problems

2007-05-31T07:09:00.000+05:30

Yesterday there was an ad inviting global tenders for development of Dharavi . .. i always believed there was profit to be made in the biggest problem of Mumbai - slums. it is so sad that that b-schools keep on teaching case studies in increasing sales of soaps and refrigerators and not deal with real problems around. for example - the confluence (iima's famous b-school event) and other b-school contests can invite a business plan to solve the slum problem in Mumbai ; the end objective being twin - profit and welfare - tough nuts to crack together and surely a good challenger to all skills of MBAs. i always hated those fancily written HBR cases; when we know india has bigger and unique problems to solve- infra (poor urban infra, power, slow ports), poverty, sanitation and drinking water problem, the Ganga and Yamuna cleaning plan, tigers' dwindling numbers, poor education standard (read drop-out rates and absenteeism of both students and teachers) in rural schools and infinite others; and hold on, all this is not charity - govt spends thousands of crores in solving these problems inefficiently; that means there are chances of getting a pie of these thousands of crores; means there is profit to be made.

Attempts to channelise energies and think positively

2007-04-04T09:40:00.000+05:30

Today as I got back home, I was filled with frustration, that caused by all the traffic jams I had to face during the day (and for all these days in Gurgaon). For example the area around my office is in such a mess and chaos especially during office hours (and even otherwise) mainly because of bad planning of roads, their 'available' area (quite a bit of it being blocked by parked vehicles without fear of any legal action) and rest of this mess being contributed by erratic traffic sense of people, lack of patience and lack fear of traffic laws. And this is the situation when there some 7 DLF towers operating in an area of about 300 metres radius; there are another 5-6 coming up, and I am really sceptical about what would happen when the number of cars would double on same cramped road infrastructure. The roads inside old town of Gurgaon are totally broken and have lived out their utility due to excess traffic. I am worried and frustrated as well at the end of this experience.

But as I settled at home, I realised that this negative use of energy won't help; not at least my mind. So I thought of writing this note, essentially to cool down my mind and at least help me channel the energy in a positive direction.

You know I realised that all these years we thought that better growth would bring happiness; I think the reverse is happening; while I agree that there are pains involved in growth phases, but how does one explain broken roads and lack of planning to accommodate growing traffic which is result of such growth. Doesn't investing in growth and actually growing at >8% also include planning and implementing new systems and infrastructure so that we accrue the benefits of this growth in a happy manner. Roads in Gurgaon have remained the same quality since I was a child. I cannot attribute this to pains of growth; I thought higher growth would generate higher incomes for government also in the form of existing and new taxes, which should improve infrastructure. But no, that is not happening. Not only existing infrastructure has not improved, but the upcoming infrastructure is not being planned to accommodate growth. Leave Gurgaon, talk of Bangalore or Bombay; wasn't there anybody there who realised that there would be many more people and businesses in the city, so that infrastructure at least keeps pace with the needs, if not deteriorate. Well, I think Hyderabad (and also Delhi) was one place which fares somewhat better and has managed to keep things in order during this growth phase. It is another thing that the man, i.e. Mr Naidu who brought about this change was given thumbs down primarily by rural voters (rural voters were right in the sense their lives did not improve because of all this); educated, intellectuals like us anyways do not care to vote.

How many times have you voted in any of the elections of your constituency?

All these years the politicians believed or rather wanted to believe that India would grow a Hindu rate of growth ~ 2-3%. Well, even for that kind of growth we had bad infrastructure. They never planned that there would be better growth and Indians would be richer to afford cars and ACs and hence they need to build roads and power plants to take care of these needs (well, the government also makes money on new toll roads and by selling electricity at 14% profit margins and earns taxes on each new car and AC). How else can one reason out that liberalisation in early 90's and investment in infrastructure did not go hand in hand for almost a decade. We only had NHAI quadrilaterals, Delhi Metro projects starting in late 90's, while the liberalisation and growth began in early 90's. Electricity is anyway in serious problem even now.

So, planning was completely missing from all this. And of course what was missing was the will to improve things; anyway politicians and the richest class who could afford to stay in good localities and only travel on highway like roads and have 24 hour power back-ups didn't care much. The bureaucracy anyways could not do much beyond a point; in a democracy like India, politicians are the all powerful creatures elected by part of the billion population; and this part anyways doesn't include many of the educated intellectuals who work from 9 to 5, crib about situations but do not vote and then full stop!

Machines do not do planning, roads and power plants do not think; it is people behind them who plan and think. If people do not think and plan or do not have the will, good intentions and the calibre (calibre having small contribution though in this) to plan and implement good things in a country, then nothing would improve. In all this, till now the biggest shortage has been of will and intention to 'do something'.

If out of the 'n' people who plan and run the system/country/government, less than 50% people are 'the willing' and 'good intention ones' the system would never improve. Boss! This is a democracy and the unwilling and wrong intentioned would outnumber and overpower the other half to make things better for themselves and worse for the rest of the country.

So why don't we have good people into the system? Why is it that the educated intellectuals who are better planners, thinkers, implementers and good intentioned do not outnumber the other half? They do not even vote, damn it.

I wrote all this because we are a lot who were together taught a lot of planning and managing in the same school, and I thought you would think of answers to this mess: the mess of not having good people in the system. More importantly, can we do something about it. And I call it a mess because higher is the worse lot of people in the system of a country, higher is a chance that the 'willing' and 'good intentioned' lot would be discouraged to contribute anything to the system. It is a clear vicious cycle.

Predictive text in hinglish

2007-02-25T08:28:00.000+05:30

Predictive text in Nokia phones somtimes becomes irritating. The "Predictive" in the "Predictive text" relates to English dictionary only. And many a times we end up using a mix of English and Hindi, like : "movie <**> dekhne chalen?<**> I will be free by 5. Last week <**> bhi movie nahi dekha<**> ". The <**> of couse signifies changing the mode from predicive text to normal english using '*' key. And it is irritating to press it again and again.

So we also need to have a mode in Hinglish, which allows me to write a mix of these English and Hindi words. Or for that matter Kannadingish to allow Kannadigas to write "Enjoy madi" without the <**> after 'enjoy'. A mode that identifies Hindi words written in Roman script.

Harry you listening?

India adds an Australia every quarter

2007-02-19T09:32:00.000+05:30

More than one and half decade back when I took my first lessons in Geography, I read in my NCERT book that "India adds an Australia every year in terms population". When my teacher discussed this in class, it sounded a scary and alarming situation in all our heads.

Things change, or at least the way we look at them.

On Friday, when I picked up the Economic Times, the headline read "India has 20 mn cell phone users" and adds almost 5-6 mn users every month.

That old statement now reads differently- "India adds an Australia every quarter", albiet in mobile phone connections.

A billion heavy population or a billion capable workers or a billion potential consumers. Whichever way we want to look at it!

From sensitising businesses to sensitising humans

2007-02-05T17:34:00.000+05:30

There have been mechanisms in the market which help businesses offset any negative impact of their processes on the environment. Carbon emissions trading is one of them. Under this, an organisation mandated to reduce emissions by a certain 'x' % by certain year, can either do it by improving its own processes or fund a project which can reduce the 'incidence' of emissions (in comparison to the baseline emissions by a status quo process). For example, a paper business in France can either meet its emission reduction targets by investing (say 'x' Euros) in improving its own processes. However, it can achieve the same by funding (say 'y' Euros) a hydel project in India. And if y < x, the business would prefer funding the hydel project (the hydel project produces zero emissions in comparison to coal based generation).

The environment policy makers and the more aware politicians and academicians are aiming at going a step ahead by doing this to humans. Currently though, they are just being sensitised to do so. Imagine, each human having a quota of emissions (s)he can cause per year. Emissions caused by use of energy - at home via heating and use of electricity, during driving their cars, while travelling by air. Imagine (s)he being given the choice to fund (or partly fund) a emission reduction project (say planting trees, or installing solar cells in a village instead of supplying coal based power to it) to achieve his/her targets; the other way being of course by reducing energy consumption on their own- flying less, travelling by bus/metro rail etc. Or by buying eco efficient products instead of normal products and thus achieving the same amount of reduction in emissions. (Actually, some people are encouraging the world to do this already). And the business opportunities arising out of all this is immense.

The problems of environment have actually created so many business opportunities (and hence wealth and jobs). So finally, problems are not that bad for world.

If this entry excites you, I am interested in talking to you. Please do mail me abajaj [ at ] gmail [dot] com.

XLRI Leadership Expedition (Coverage in www.jammag.com)

2006-02-22T08:31:00.000+05:30

Campus Buzz: XLRI Leadership Expedition
Mount Everest Base Camp, March 2006

Some people are born leaders but some learn it through situations. Texts on leadership identify some key attributes that a leader must have: spirit of adventure, high self confidence and self-awareness, an ability to influence others without force, and lastly something that has become relevant in current times, a sense of social responsibility. Keeping these key ingredients of leadership in mind, twenty of the graduating students of XLRI embark on a ‘journey’ to Mount Everest Base camp in the form of XLRI Leadership Expedition this March.

This journey to the feet of the highest peak in the world has two objectives: First is to create situations where future managers can learn and experience the fundamentals of leadership and secondly, to impact the society in a positive manner.

Learn by leading: This journey would involve about 110 kilometres of trek starting from Lukla through Namche Bazaar, Tengboche, Dingboche, Lobuche then Gorak Shep before reaching Everest Base Camp and its overlook at Kala Patthar (18,480 feet above sea level). A trek that would span 8 days would have a different team leader(s) on daily basis. The team leader would take care that the team meets the daily trek distance target, decide where to stop and start moving and give motivational support to the group. To ensure effective learning, XLRI is working with a leading firm that specialises in programmes in experiential learning to design the trek. In drawing up the trekking plan, we are getting the guidance of Ms. Bachendri Pal, India’s first woman to summit Everest.

Lead by contributing to society: The second objective of creating a positive impact on the society is being done through partnering with CARE (an NGO into AIDS prevention and poverty reduction) and executing AIDS awareness in Jamshedpur (India) and 7 villages in Nepal that would fall along the trek. The trek team is working with CARE volunteers on how to make villagers aware about AIDS. The plan is to talk to groups of people, have short street plays and distribute condoms. The trek team has already done field trips to slums in Jamshedpur to make people aware of means of AIDS prevention.

Tata Steel Adventure Foundation (TSAF) is providing physical training support to help the team prepare for the tough trek one month from now. TSAF is providing artificial wall climbing facilities, access to a state of the art gym, all facilities in their fully equipped JRD Tata Sports Complex in Jamshedpur.

Mountain Dew (a brand from Pepsi stable) that positions itself as a drink for the adventurous and young, is sponsoring the trekking gear for the team.

This expedition would be the first of its kind in India, on the lines of the Wharton Leadership Program. The idea has been more than welcomed in the corporate world, which feels that traits like genuine leadership cannot be developed through classroom teaching. XLRI has taken a commendable step in this direction. Will other B-schools follow?

Selling to BOP (Bottom of the Pyramid) market

2006-02-05T22:00:00.000+05:30

Companies have attempted to innovate on any one or a combination of the 4 “Ps” of marketing in order to sell to Tier 3 or Tier 4 (BOP) customers. Here we quote some examples in this regard.

‘P’ for Product Innovation
An oft quoted example of product innovation to reach a new market is that of Nirma . Karsanbhai Patel (the entrepreneur behind Nirma) realized an unmet need of detergent powder around Ahmedabad which till now used primarily bars and cubes. HLL, which was leading the FMCG in detergent powder market, had a premium product Surf which was only accessible to a select few in India. HLL used high quality (high priced) ingredients like Active Detergent (AD), builder, buffer etc to ensure a superior wash. Nirma powder conformed to none of HLL’s carefully developed product formulae. It contained not ingredient to improve whiteness of fabric and the level of AD was half that of Surf and it had no perfume agent, and hence it was able to keep the price of the detergent low. In spite of being inferior to Surf and other premium powders on every single account, Nirma was able to capture one-third of the market by 1977.

‘P’ for Playing with Pricing (and packaging)
In a market where price was an important deterrent for consumers to start using shampoos for hair care (refer table 2 to notice the low penetration of hair wash products especially in rural India), Cavinkare came up with small 50p sachet packs which have revolutionized the way many products are sold in India now . The “sachet strategy” has especially helped in striking a cord with the rural consumers. Over the years, the sachet strategy has proved so successful that, according to an ORG Marg data, 95 per cent of total shampoo sales in rural India are by sachets. Sachets packets (or small packs) have now become popular even among biscuit (Tiger biscuits), hair oil (Marico), and cold cream (Vaseline) companies.

‘P’ for Placing the product at the remotest corners
Distribution is a major cost and problem while trying to reach rural customers. At the same time, rural India presents a huge untapped market for personal care brands. To achieve this, HLL’s personal products unit initiated Project Bharat (in 1998)-the first and largest rural home-to-home operation to have ever been prepared by any company. The project covered 13 million rural households by the end of 1999. Along with Operation Bharat, HLL conceptualised Project Streamline to enhance its control on the rural supply chain through a network of rural sub-stockists based in these villages. This gave the company the required competitive edge, and extended its direct reach to 37 per cent of the country’s rural population. As a rule the rural market is much more price elastic and involves more intensive personal selling efforts compared to urban marketing, and here HLL has been more than successful .

‘P’ for Promotion to create awareness
With a sizeable share of the Indian soap market, the HLL could simply focus its attention on persuading the millions of Indians who currently use soap made by its competitors to switch to Lifebuoy . For Unilever to build its business in India over the long term, though, it must attract new consumers, including the estimated 70 million people who never use soap. This is no easy challenge. Over 70% of India’s one billion populations live in rural areas not reached by television, radio or newspapers. If that were not challenge enough, illiteracy is widespread and there are deep-rooted beliefs about cleanliness that have to be addressed, such as the widely held belief that if hands look clean, they are clean. To achieve this objective of creating awareness (and hence expanding its market) HLL launched ‘Swasthya Chetna’ in rural India. To drive the message home, children are invited to take part in a ‘glowgerm’ demonstration. This involves applying a white powder to the palms of hands, then washing with water only. Hands are then held under a ultra-violet light and the powder glows where dirt remains, showing that hand washing without soap is not enough. The children then repeat the process, this time using soap, only to discover the UV light shows no trace of the powder –a simple but highly effective demonstration.
In a rural market, where only one-third of population uses toothpastes. Colgate Palmolive launched Operation Jagruti, to help the company increase its oral care penetration in rural areas synergistically with physical reach. The operation involves conducting village consumer contact programmes, creating awareness about the need for oral hygiene, increasing product penetration by generating product trials and seeding products in village outlets by exploiting Shandies / Haats and unconventional rural media to broaden consumption .

~ Script of the voiceover in an ad of Apple Inc.

2006-01-22T19:41:00.000+05:30

Here's to the crazy ones. The misfits. The rebels. The troublemakers.The round pegs in the square holes. The ones who see thingsdifferently. They're not fond of rules. And they have no respect forthe status quo. You can praise them, disagree with them, quote them,disbelieve them, glorify or vilify them. But the only thing you can'tdo is ignore them. Because they change things. They pushthe human race forward. They invent. They imagine. They heal.They explore. They create. They inspire. Maybe they have to be crazy.How else can you stare at an empty canvas and see a work of art?Or sit in silence and hear a song that's never been written? Or gaze at a red planet andsee a laboratory on wheels?We make tools for these kinds of people. Whilesome may see them as the crazy ones, we see genius. Because the peoplewho are crazy enough to think they can change the world, are the oneswho do.

Apple.Think Different.

What am I missing out:

2006-01-10T17:11:00.000+05:30

1. Reading - Some business fiction, Goal, It's not luck, Gandhi, World is Flat, Book on Bono, Freakonomics, Ruskin Bond, Saumerset Maughm ?
2. Going out- Trekking, Forests, ?
3. Movies- Loads of them, ?
4. Playing- Tennis (Learn from professional), badminton, TT, Football (learn), Basketball?
5. Music- Collecting great songs of all time, Fully using my Ipod, ?
6. Exercising -Jogging, ?
7. Technology: Fully exploit the features of my camera and I-pod
8. Games: Any of the games: AOE, Capitalists

My tryst with the Indian stock markets

2006-01-02T13:51:00.000+05:30

I began trading on the Indian stock market (NSE) in October of 2005. I was acting as a money manager for an FI (actually on behalf of my brother Aseem living in SF, CA :))

My experience till now is a mixed bag of feelings. I am happy about identifying stocks which had the potential of growing - I bought them low and sold them high. But after I sold them I realised that I did not sell them "high enough". The more I look at the current prices of those stocks (for example: Phoenix Lamps, Balrampur Chini, Mastek) the more I have a feeling of incomplete satisfaction, i.e. I could have gained much more.

I don't know whether I need to be more scientifically driven to determine the price at which I should sell a stock, or is it just that I need to generally patient with things (I am a bit impatient and impulsive)?

Any comments or suggestions?

Incentives design in a supply chain

2005-12-13T18:54:00.000+05:30

I read an interesting article on importance of incentive design in a supply chain. It sounded quite interesting to me. The article is titled: Aligning Incentives in Supply Chains, By V.G. Narayanan & Ananth Raman, Harvard Business Review, November 2004. I have written a review of this article as part of a course requirement. You can read the same by clicking here (The aricle involves some amount of integral calculus. I took the help of a Maths honours friend here to understand it).

2005-11-24T01:09:00.000+05:30

We (myself and classmate Shukla) had to make a presentation in the Services Marketing course. We had 2-3 hours to do this. Understanding that profs have a fascination for using matrices every now and then, we developed one on our own. But we thought we should own up the act. So we put something in the bottom right corner of the slide. Notice carefully, bottom right corner :)

A good example of how people fail systems

2005-11-19T22:40:00.000+05:30

I bought a tshirt from Rediff.com on 26th September for a friend who was to leave for US on 5th Nov. Other than the fact that it did not reach her in time before she left, Rediff customer care is so bad that they didn't care to reply to my queries about my order. After 20 days of sending a query, I got a reply elaborating how Rediff.com gets large number of orders and sometimes such problems crop up. Were they trying to pass the buck? They didn't even apologise. Pathetic they are.

They may have the best systems in place like "Track a order" feature etc, but the people behind of those screens perhaps have failed the system. Bad customer care and a frustating experience, that's what I can say. Don't buy from Rediff.com if you have a choice.

Sunil Mittal

2005-11-06T23:18:00.000+05:30

I read this line in an article about Sunil Bharti Mittal (winner of ET Business Leader award) in the Sunday Times of India:

The Harvard returned business leader smiles: "Imagine I was at Harvard in 1996 for an executive MBA. I was studying application of IT in business. Now, I hear my co. Bharti is a case study at Harvard! I guess I have come full circle" Well said, Mr Mittal.

My engineering school as seen in Google Earth

2005-10-26T11:01:00.000+05:30

Just blue and white

2005-10-26T06:17:00.000+05:30

A shift from Short term to long term and vice-versa

2005-09-23T15:39:00.000+05:30

I know some people whose main purpose in life is to "stay happy, no matter what".

One of such persons has the following to say: When you feel sad about something short term that has happened, try to forcibly divert attentions to long term things which would give you happiness. That way you would be able to divert attention from the bad feeling you have due the short term aweful thing that has happened. And you would do the otherwise, when you have some sad thing happened because of a long term thing. Just divert your attention to short term happiness. Khatam aaj ke liye yehi likhna tha.

M-B-A

2005-08-06T19:12:00.000+05:30

I asked my MBA professor "So sir, what should the company do in such a case?", and replied back saying, "You know, it depends". What he probably meant was that MBA is not about some answers but about asking yourself the right questions.

2005-08-02T03:57:00.000+05:30

Found this on an old almirah in the backstage of my school

A speech at the Toastmasters Club

2005-07-31T14:17:00.000+05:30

This is a speech which I delivered at Wipro Toastmasters Club. (www.toastmasters.org). I had lost this speech, but a good friend forwarded it to me today...thanks to her for reviving some memories..

---------------------------------------

>From: "Ambrish Bajaj" <>
>To: "Akshu (E-mail)" <>
>Subject: a speech i delivered at toastmasters
>Date: Tue, 20 May 2003 18:38:07 +0530
>
>
>Memories blurred, but indelible
>
> It was sometime in the first week of October 1984. Her personal
>bodyguards had just assassinated Indira Gandhi, the PM. There was rage
>amongst certain sections of the society against another section. The houses
>were blazing around me; they looked as if paper houses were being put on
>fire, just for fun!
>
> Good Morning Toastmasters and distinguished guests.
>
> I was about 5 years old then. One would aptly call an age when all you do
>is play, break neighbors' windows, eat all rubbish from street hawkers, and
>spoil clothes by playing in mud. All your parents do is clean up the act.
>That is, buy you toys to play, apologize to the neighbors, take you to the
>doctor for the belly pain you've got by eating all rubbish on the street
>and wash your clothes hard to remove those almost indelible stains. So I
>was also that kind of a kid. But I used to muse and think a lot. Very often
>I used to be alone and indulge in deep thinking, mostly directionless.
>
> Getting back to October 1984. I knew something awful had happened in the
>country. I also used to get confused about the concept of a country. Please
>do not expect anything more out of a kid of 5. TVs were running day in and
>day out loud and clear. Just when the news of the PM's assassination
>started spreading like forest fire, a similar conflagration began at many
>ill-fated homes; the inhabitants of which had committed just one mistake
>that they were born with religion of the PM's assassins.
>
> Anyway, we had wonderful neighbors. Typical of how neighbors are in a
>street in small towns. One of the loveliest neighbors was the next-door
>family of four- Sardar Uncle, Sardar Auntie, Badi didi and Choti didi. I
>must tell you that were an amazingly affectionate family. Often Auntie used
>to take me to her kitchen and offer me tasty stuff. Both the didis used to
>pull my red fat cheeks. I hated them for this, but probably it was their
>way of expressing love for me.
>
> As the fire raged across the city, I didn't feel intimidated. Why should
>I be frightened, I could hardly understand the graveness, which now I would
>call insanity of the matter? But then one night fear struck me. My family
>and me were standing out in the porch of our house. There was a curfew
>situation on the road. The yellow glare was emerging from all four
>directions around me.
>
> A bunch of unruly guys was approaching our house. I think I would have
>got a bit scared. They were in "dire need". In dire need of some
>inflammable thing, probably they had consumed all their stock on earlier
>homes. "Sir please, petrol, kerosene or even LPG, kuch bhi chalega". My
>father and landlord straightforwardly refused them.
>
> The refusal didn't deter the mob's animalistic spirits. They forcibly
>stopped a scooter on the road near Sardar Uncle's shop. Obviously the shop
>was closed at that point of time. They took all petrol from the scooter.
>They approached our street, which unfortunately for that day housed many of
>the ill-fated families other than our beloved neighbors. But I think God
>Almighty was not asleep, he felt moved and alarmed. A nearby milk-dairy
>owner, a 6 feet, rustic and healthy man came in the way of the mob. In
>authoritative Haryanvi, he commanded the bunch of "boys" to just get lost,
>as there weren't any "prey" for them in that street which they were
>frantically looking for. I think that it wasn't that the mob got fooled and
>pushed off; they actually got scared by the words of the man, the man who
>was determined to save some lives on that night.
>
> The night went off calmly, at least in my street. Next morning the houses
>in my street were intact, their inhabitants unhurt.
>
> A few months later our "beloved" Sardar family moved to Punjab for
>probably safer if not better prospects. Mom was in touch with Sardar Auntie
>when the two didis got married. The two moms exchanged good wishes. A few
>years later we lost touch with them.
>
> My memories about all of this are a bit blurred. But I cannot ever
>forget- the love of our neighbors, fear in their eyes during that turmoil,
>not to forget the cheek pulling by the two didis.
>

My first tryst with Mumbai locals

2005-07-31T14:10:00.000+05:30

A friend of mine forwarded this mail to me which I had sent her when I was in Wipro.

-------------------------------------------------------------------------

>From: "Ambrish Bajaj" <ambrish.bajaj@wipro.com>
>To: "Akshu (E-mail)" <@hotmail.com>
>Subject: A Civilization called Mumbai
>Date: Tue, 6 May 2003 11:40:30 +0530
>
>
>A Civilization called Mumbai
>*****************************

****
>
>I had to reach Starters and Shakers (a pub on the first floor of Eros
>Theatre, opposite Church Gate stn). I started from Borivali stn. Bought a
>ticket and asked the man behind the counter for a fast train. The guys tell
>me "bahut saari hain, platform no.5 per chale jaao". I went there but was a
>bit confused, I couldn't locate a board where I could see the platform no.
>Now, ignoring my didi's advice to buy a Ist class ticket, I took a II class
>ticket. I wanted to show that 'I can' board II class compartment at 8pm on
>a working day. I think the above is really something worth showing to
>yourself, boarding a local train at this hour on a working day is no joke,
>and that too the IInd class compartment.
>
>Well, we move on with my experience. I was standing at this platform (which
>I later realised was Platform no.4) and the train comes. I could understand
>that there were so many people to board the same train, but I was
>determined.
>
>The next moment I remember is, the train left the station and also 'me'.
>
>Ok, I missed the train so what. When I walked slightly to my left to ask a
>person if there will be more trains to Church gate, I was told that trains
>to Church Gate would leave from the other side of the platform.
>
>Thank God, I didn't go to Virar (trains from platform 4 go towards Virar).
>Virar is the other end of the Western track of which one end is Church
>Gate. ;-)

2005-07-30T19:20:00.000+05:30

Tata Steel plant as seen from hostel terrace at XLRI

2005-07-30T19:19:00.000+05:30

View from XLRI hostel

2005-07-05T07:04:00.000+05:30

A photograph which I like

2005-07-05T07:03:00.000+05:30

XLRI football ground

So is it a boy or a girl? Ummm...see it for yourself

2005-06-11T17:24:00.000+05:30

I was at this flat above my floor in Mumbai to collect my tiffin box which was given to them in my absence. I collected the box from the young daughter of the owner of the flat and before I was going to leave, the girl's father came and greeted me. He was carrying a baby who was nude below his waist. I could see the backside of the baby. I asked the man, "So you have two kids, one girl and the other, is it a girl?". The man turned the baby quickly, lifted him slightly above, and said, "See it for yourself if its a boy or a girl". I saw below the waist of the baby to make out that it was a boy. I found it quite amusing the way the man turned the nude baby towards me. I was of course not embarrased, but was almost going to laugh :-)

Worry!

2005-06-04T08:27:00.000+05:30

I think we worry to keep our minds busy whenever its empty and doesn't have anything conclusive to think. We worry to make us feel that we are busy thinking something. I realise that for me, worry = endless and directionless thinking about matters which would not get resolved merely by thinking about them.

Quote by Swami Vivekanand

2005-05-09T19:35:00.000+05:30

This is the first lesson to learn: be determined not to curse anything outside, not to lay the blame upon anyone outside, but stand up, lay the blame on yourself. You will find that is always true. Get hold of yourself. - Quote by Swami Vivekanand

Utsav near HLL office in Backbay Reclamation

2005-05-07T22:00:00.000+05:30

Utsav is a Gujarati style eating place and is on the first floor of the famous Samrat Resturant near Marine Drive. You can go to Utsav for a Gujarati Thali (buffet of course) and enjoy good food. The star attractions I found were the chatnis, aam ras, tawa rotis with desi ghee (ghee being optional) and pulav with lots of kaju, kishmish etc. Gujaratis put sugar in almost all their subzis - dals, sukhi sabzi. Approxmate bill per head for a thali is Rs. 130/-.

Cream Centre at Linking Road, Bandra (W)

2005-05-07T21:21:00.000+05:30

Cream Centre is decent place to eat and is in front of Amarsons on Linking Road in Bandra (W). When you sit in your seat in this place, the waiters would give you a form to fill for 'customizable' parathas. You can choose from variety of stuffings (aaloo, mooli, gobi, cheese, baby corn etc), spices (corriander, jeera etc), sauces (like makhanwala etc). With a average hunger, one paratha would suffice. It's a decent Rs. 100/- per head eating place. You get things other than parathas as well, which I haven't tried as yet.

Two blind men at Dadar Station

2005-05-05T07:35:00.000+05:30

This time I was at Dadar station. While I was climbing the overbridge to move towards Central line (Dadar is a station where both Central and Western lines meet), I heard a sweet sound made by a string instrument. 'Luckily', I found the source when I saw this man, blind again, standing in the middle of the walking area of the incline of the brindge, playing a tun-tuna and singing some religious song and soliciting some money for his performance. I say luckily, because there were so many people around that it was difficult to locate the source of this muscial sound.

Moving ahead, I saw another blind man on the over bridge, seeking donations from people so that he could support himself. He was begging.

Could I see a similar difference between choices people make to sustain themselves? Begging vs Singing to earn a livelihood?

Blind man selling peanuts

2005-04-14T19:39:00.000+05:30

I was strolling down one of Chembur's main roads, and looking for an economical place to have my dinner. Across the road I saw this man selling peanuts. I went to him and told him to give me a "chota wala". I was looking somewhere else when I asked him the order. But when I turned towards him I realised that he was blind. When I asked me "kitne ka", he said " chota wala bola tha na, to ek rupaye ka hai". I handed over his 1 rupee. Moving just 10 steps ahead, I saw another man, sitting in a corner. He was tying lots of cloth strips on his hands and feet to fake that he had some disease or that he was handicapped. He was begging.

The man who was begging would be proably earning more than he blind man selling peanuts. It's only the question of what he get satisfaction in and what gives him self-respect.

Is this not a choice (between better money and more satisfaction) that one has to make at each level of one's life?

Trying to make common sense out of Modigliani-Miller theorem

2005-03-25T21:28:00.000+05:30

Although I still have not fully understood the MM (Modigliani-Miller) rules of dividend policy, but one thing striked my mind. See we make this assumption that keeping investment decisions same, if you tweek with financing policies (raising finance just to pay extra dividends), you cannot cause a increase in share prices. What it means in my opinion is that if some company thinks that by borrowing extra money it can more dividends to shareholders, this is not a sustainable thing. Even the market identifies this and knows that if the company just borrows to pay dividends and not invest in +NPV projects (for which the business was instituted in the first place), you cannot take market for a ride. Just paying dividends and not investing in some useful projects, will just add to interest costs of the company and in coming years this will reflect in the PAT of the company which will lead to fall of share prices later on. So the market expects this to happen in future and hence a real change in share price doesn't happen.

A company is supposed to give the mind or managerial efficiencies (Microeco mein gamma factor) using which public's money would be put to useful purpose and then pay share profits with them.
----
If you want to know about MM theorem, just mail me abajaj[at]gmail{dot}com
----

Agenda for term III

2005-02-23T18:50:00.000+05:30

?.?.?

Case studies in MBA education?

2005-02-18T20:48:00.000+05:30

Most case studies taught in Bschools follow a problem solving approach. But in real life, I think most of the energies of people who run businesses go into identifying the problems themselves. Most guys running a company just see symptoms or effects of some cause or problem that they are unaware of. Falling market shares in spite of heavy advertising spends, for example. A marketing guy may see that his efforts (read time, men and money) are not bringing results. Can he expect that someone from the sky would tell him what the core issue is and place that problem so conviniently on his platter (just like a Harvard Business School case study does in a well worded 5 pages document). When you do not know the problem , what do you solve?

If MBA education is supposed to teach you how to manage a business, shouldn't the stress be more on identifying the problems than on solving some problem?

Corporate cholestrol

2005-02-13T15:56:00.000+05:30

An enterpreneur alumnus of XLRI while presenting about his venture to us, introduced a term "corporate colestrol". The term refers to the feeling of getting used to all the comforts of a well paying and full-of-perks job with MNCs, that many MBAs get into. Since this man left his campus job to start his own business, he says that initially you find it really tough to adjust to living on normal means (no five star dinners, no executive class air travel etc). The corporate colestrol creates a minimum expectation in you of things to expect in life, which if you do not get, you get a set back.

Now the kids don't have to say "Present Sir" in class

2005-02-12T13:59:00.000+05:30

http://www.wired.com/news/privacy/0,1848,66554,00.html?tw=rss.TOP

Leading by doing

2005-02-08T01:21:00.000+05:30

A week back, I took part in the annual Dalma Trek, organised by Tata Adventure Sports Foundation (TSAF) in Jamshedpur. It is an annual event, open to all age groups. About 600 people took part in it. This is similar to the annual marathons, like the recently started StanC Mumbai Run etc. Dalma is a hill range in Jamshedpur, its highest point being 3000 feet above sea level (this is the height we actually climbed during the trek).

While coming down from the hill, I found that about 15 steps ahead of me was Bachendri Pal, the first Indian woman climber of the Mt. Everest and current director of TSAF. (Of course there were other people along with us, including one of her assistants). She accompanies most treks that TSAF organises and I have heard that she takes real good care of the participants. But the point I am writing this post is not this.

Now all trekkers had been instructed not to carry any polybags and even if we do we should not throw it on the way. During the way down, Bachendri Pal spotted some polybags lying somewhere away from the path we were walking down. Her first reaction was bit of anger. But then she went ahead and picked them up. Her assistant insisted that she should give them to him (they were a bit dirty), but she replied, "koi baat nahi, zyaada rasta nahi baaki hai". Later on, she displayed her love for nature again when after the group lunch, she saw lot of disposable plates, with aluminium foil (with leftover food on them), strewn all over the base camp area. And there were some 50-75 of them. She asked us ('us' = team from XLRI; we were the last team to leave the base camp after the lunch got over) if we could help her on voluntary basis. Some of us came ahead. And there she was again, picking up plates wherever she found them and threw them in the dump made nearby. I think its quite inspiring for all her juniors who would see their madam doing this.

Fundamentals of leadership: I believe, we can learn by such small instances.

MBA or any other professional course on leadership, can probably never teach us this.

Some day, knowledge will be in my hands

2005-01-23T18:57:00.000+05:30

You know I feel that it was not that world just now realised that "knowledge would determine success" in the future. I think there were some intelligent people who came much earlier than us and compiled the first dictionaries or the first encyclopedias. Either of these books houses so much of knowledge from all around the world. Take the dictionary, every thing that is spoken in English is compiled into a single bound volume. And then it has a technique to help us find the required knowledge quickly. So somewhere, people realised that the speed of change would get accelerated in the future and then there would be more knowledge available and ready to use. With some much knowledge floating around, we would need some tool to access them in a useful manner. Something which Google is upto.

Among Google's mission statements are things like: To organise knowledge of the world and make it available for the people to use it effectively. And boy, Google search is just part of their strategies to achieve this. Imagine, they have a Gmail which now scans thoughts of people as and when people think them (or rather jot them in a mail), even before they reach any accessible physical media (like a book, newspaper or a website). So now, they are trying to reach closer to the thought process of the man. (Well I am not sure how do they plan to use people's conversations. Actually there privacy policy says that no human at Google would read it and use it any motives) But somewhere sometime, even this knowledge may be put to use.

All of us have the tendency to get our questions answered at some point of time or the other. The kids look upto their parents to answer there silliest or rather most difficult of their questions. In a way I would say that kids are so efficient! With all their queries answered from their parents in a jiffy, they don't have to spend time searching for the information. That's another motive of Google; they want to reduce the time and money spent in finding information. They want people to spend time in using the knowledge rather than searching for it. To facilitate this, they have a feature called "Ask a question" where you can put up a question in their website and put a price to it, so that whoever answers that would get that amount.

I think all that I want to know and I don't know should surely exist in somebody's mind in some part of the world. Imagine that whenever I don't know something and I don't have the time to find it, I just shout in the air and all people awake in any corner of the world and ready to help me out, shout back with the answer. Or rather wouldn't this an ultimate form of global interation. Imagine a cellphone that help me do that on the move! Wouldn't that day be a day of "knowledge in my hands"?

Gmail in a Financial Management class!

2005-01-22T08:14:00.000+05:30

My Finance professor was explaining the concept of a "rights issue" the other day to us. Rights issue is when a company wants to raise more money from shares and offers the first "rights" to buy such shares to exisiting share holders (the price offered is discounted a bit). He further explanined that normally an existing shareholder recieves a letter from company offering him, for example, 100 shares for each of 100 shares he already holds. He can either accept the offer in full or in part or not accept it. Say, a shareholder chooses to accept only half the offer (he accepts to buy just 50 out of 100 shares on offer), then he can redeem the rights of the remaining 50 shares that he has by selling those rights to someone else. Now someone in the class asked, "Sir, can't this person give those rights for free?". The smart and up-to-date professor replied " well yes he can, but then if he is enterprising he won't. Just like if you have 10 Gmail invitations, you can either give them away free, or if you are enterprising like me, then you may sell them!".

I found it quite an interesting analogy :-)

Run down the tracks

2004-12-21T17:32:00.000+05:30

It was one different experience running on the tracks of JRD Tata Stadium near XLRI. It's a huge sports facility, the stadium (which has the atheletic facilities) is just one part of it. The tracks are synthetic, the best I have even seen or run on.

The best part about running down those tracks is that : one, its a different feeling you get running on the tracks in comparison to what you feel when you jog on a road or on normal grass and two, with so many atheletes and other sports people working out hard on the field, you kind of feel part of the group. It, in a way, gives you the energy to keep going.

I jogged the inner most track twice. Would slowly increase that number and would also time myself in weeks to come.

RSS

2004-12-21T01:22:00.000+05:30

Harinder helped me with adding RSS feeds and something called OPML to my FireFox browser. The first uses of it I found were that I could get updates from blogs, news websites (which supported RSS). I would read more about it and post my "special" tech reviews. If anyone has some articles to make me understand, pls forward them to me.

YOUR BRAIN IS NOT STUPID!

2004-12-16T18:41:00.000+05:30

Read this one in a Sunday newspaper and felt it was powerful.

Synopsis: Ask yourself negative questions and your brain will give you negative answers. Ask positive questions and you will come up with positive answers!

The statistics are appalling, really. So few people ever achieve financial success. By the time we reach 65, the generally accepted 'retirement age', only a very few of us will be financially independent. That wasn't too much of a problem in the past, because most people didn't reach that age! Now, we can expect to live an active life well into our 70s and 80s, even beyond. How can we support ourselves financially for these last 10, 20, 30 years if we want to retire at 65? We work hard - isn’t the free enterprise system supposed to reward hard work?

The trouble is, to succeed we must take responsibility for our own lives, and most of us don't. It is too easy to blame outside circumstances for our lack of success. We make excuses for ourselves, and blame our failures on others.

Look around! Some people seem to have a lot, some seem to have little. And there is always someone with more than we have. Have you ever become angry (even a tiny bit) because someone you know is doing better than you? Have you ever asked yourself: “Why couldn't I have been offered that job?” “How come I didn't get that lucky break?” “Why didn't I think of that profitable idea?”

Your brain is a wonderful organ. Ask it a question, and it will come up with an answer - every time. It might not be the right answer - it can only go on what's in the database. Garbage in, garbage out, they say. But the answer will be relative. Ask a negative question, and you will get a negative answer. Ask “Why did I fail?” and your brain will search for all the possible reasons for your failure. Ask “Why am I such an idiot?” and your brain will try to give you all the indications available that say you are an idiot! (Of course, it is the brain asking the question and the brain answering, but the brain can do that.)

Such questions get you nowhere. In fact, the answers may make you feel worse. The trick is to turn them around. Turn negative questions into positive ones. Instead of asking “Why did I fail?” ask “How can I succeed?” Your brain will go to work and come up with all the possible ways for you to succeed. Instead of: ”Why can’t I be rich?” try:”How can I become rich?” And watch your brain start to develop ways you can become rich!

Ask the question, then sit back and let the brain go to work. Let the subconscious devise ways to become rich. Of course, you will have to help by making plans, working out strategies, and so on. But the deeper levels of the brain can be remarkably creative if you will just ask it the right questions, then get out of the way and let your brain provide the answers!

Agenda for term III

2004-12-16T18:25:00.000+05:30

Study Well. Exercise Well. Read Well.

Really inspiring

2004-12-16T17:28:00.000+05:30

"This I have seen in life - he who is over-cautious about himself, falls into dangers at every step; he who is afraid of losing honour and respect, gets only disgrace; he who is always afraid of loss, always loses." ---Swami Vivekananda.

Power of the Yahoo Messenger

2004-12-16T17:21:00.000+05:30

" rashminarvekar: There is a need for RH negative- a rare blood group found in > > one among a lakh people. The patient can be contacted at + 91 94441 > > 19015. > > They r not able to locate even a single donor with this blood group. > > Please circulate this mail in the other groups and do the needful."

Today I got this important message through a freind on Y! messenger. I am a B-ve blood group and thought may be it helps. I called up the number and realised that the requirement is of a much more rare group called O-ve Bombay group (thats what I could hear from the cracking voice). The man told me that my group won't help. He also told me in their past one week of search, they just found 4 to 5 potential donors in India!

I hope and pray that the patient is saved and the messnger really helps in the end.

Why we can't have a Bill Gates in India

2004-11-26T11:34:00.000+05:30

We had all read about the raging debate about why India is just a huge pool of software programmers who work on instructions of Western companies, they have hardly innovated in the technology arena as have their western counterparts have done. Interestingly, the very same Indian engineers have formed part of Microsoft and Oracle teams who have developed the most pervasively used software in the world. People attribute this lack of innovation to a variety of reasons. There are two interesting reasons which I got from an article in ET.

---->

As for the emoticon, here’s MindTree founder and COO Subroto Bagchi’s take on why it didn’t come out of India: “Our engineering courses don’t make theatre appreciation compulsory, which could have taught us to emote.

Our B Tech has no compulsory semester in biology, which could have taught us how our body functions. And our advanced IT curriculum offers nothing on consumer behaviour that could have taught us how to tap the market.”It’s time then, to reboot the system.
--->

Read the entire article at http://economictimes.indiatimes.com/articleshow/936559.cms

Happy father's day

2004-11-19T22:12:00.000+05:30

Latest Durex ad

"To all those who use
our competitors' products:"

HAPPY FATHER'S DAY.

DUREX

Pour Your Heart Into It

2004-11-19T01:06:00.001+05:30

Prologue from 'Pour Your Heart Into It' by Howard Schultz:

"Care more than others think wise

Risk more than others think safe

Dream more than others think practical

Expect more than others think possible"

The book is the story of Starbucks.

Efficient Market Hypothesis

2004-11-14T22:22:00.000+05:30

After reading lots of financial models on how to valuate stocks, I read this theory about efficient markets which says that one cannot make excess gains in the stock market. Which actually means that for all the financial modelling one does to forecast the prices of stocks so as to buy them low and sell them high, the stocks may actually not behave as the models suggest. The theory uses the word "random" for stock movements. Yes, the theory says that as soon as or before a rational man realises that stock follows a particular trend and tries to make excess profit out it, there would be other rational men (or women) in the market who would have identified this trend already or along with him. Hence by the time you actually decide to buy or sell a stock to make an excess, again, the stock price would have already adjusted itself.

Firefox Review II

2004-11-14T22:20:00.001+05:30

Discovered some other cool features about Firefox browser. It has lots of freely downloadable themes which are really cool. Also the "Find" feature of the browser locates the strings as and when you are typing the word to be found.

10 worthwhile thoughts by Gates

2004-11-13T15:13:00.000+05:30

Bill Gates' SPEECH TO MT. WHITNEY HIGH SCHOOL in Visalia, California. Worthwhile reading for anyone. I particularly like the bold ones. They are so true, yet we (atleast I do) have the habit of thinking for a moment that they do not exist in the world.

Rule 1: Life is not fair - get used to it.

Rule 2: The world won't care about your self-esteem. The world will expect you to accomplish something BEFORE you feel good about yourself.

Rule 3: You will NOT make $40,000 a year right out of high school. You won't be a vice-president with a car phone until you earn both.

Rule 4: If you think your teacher is tough,wait till you get a boss.

Rule 5: Flipping burgers is not beneath your dignity. Your grandparents had a different word for burger flipping-they called it opportunity.

Rule 6: If you mess up, it's not your parents' fault, so don't whine about your mistakes, learn from them.

Rule 7: Before you were born, your parents weren't as boring as they are now. They got that way from paying your bills, cleaning your clothes and listening to you talk about how cool you are. So before you save the rain forest from the parasites of your parents' generation, try delousing the closet in your own room.

Rule 8: Your school may have done away with winners and losers, but life has not. In some schools, they have abolished failing grades and they'll give you as many times as you want to get the right answer. This doesn't bear the slightest resemblance to ANYTHING in real life.

Rule 9: Life is not divided into semesters. You don't get summers off and very few employers are interested in helping you find yourself. Do that on your own time!

Rule 10: Television is NOT real life. In real life people actually have to leave the coffee shop and go to jobs.

Rule 11: (This one is my addition) It's so very important to believe in yourself especially when you fail. It's so very important to think positive and confident when you (you think you) are in bad times. Value your thoughts abd dreams even if they don't match with the world around you.

Chanakyaniti: play the game

2004-11-13T01:05:00.000+05:30

The Economic Times Online
Printed from economictimes.indiatimes.com > Corporate Dossier
Chanakyaniti: play the game
S MANIKUTTY & SAMPAT SINGH

[ FRIDAY, NOVEMBER 12, 2004 12:24:20 AM]
The name of Chanakya has become synonymous with a machiavellian, cunning, ruthless style of leadership.

The above epithets are, to a large extent, justified. But Visakhadatta’s play Mudra Rakshasa reveals another side of him and shows him as a much more complex character, with important messages for leadership.

In his remarkable TV serial Chanakya, Chandra Prakash Dwivedi has captured Chanakya’s character in a remarkably convincing way.

Like Tughlaq, Chanakya is very clever, playing games all the time. But, unlike Tughlaq, he succeeds — every time. When we see the play Tughlaq, we feel somewhat revolted at the Mad King. When we see Mudra Rakshasa, we come out with a feeling of admiration for Chanakya.

Mudra Rakshasa is a story of an intricate plot developed and played to perfection by Chanakya. To give a historical perspective, Chanakya, a teacher in Taxila University, had seen the Greeks invading and conquering North Western India.

He, like Joan of Arc, wanted to raise an army to drive out the Greeks, and got the support of many kings in north India, but he knew that the support of the largest and most powerful kingdom of that time, Magadha, was needed to ensure success.

He therefore approached Nanda, the corrupt, decadent and arrogant King of Magadha. It was on this mission that he was given the famous insult of being thrown out of the court by the tuft of his hair, which he vowed not to tie again till he deposed of Nanda.

Chanakya, with the aid of his remarkable protégé, Chandragupta, eventually raised an army and defeated Nanda. He went on to found a vast and glorious empire which unified most of India and gave it the rules of state governance.

The play starts soon after this conquest and the installation of Chandragupta as the king and Chanakya as the prime minister.

The plot devised by Chanakya was, surprisingly, to bring to the court Rakshasa, the able and loyal prime minister in the Nanda regime, so that he could be made the prime minister to Chandragupta.

Chanakya recognised the excellent qualities and abilities of Rakshasa, and among which was the latter’s sense of loyalty.

Hence Chanakya wanted Rakshasa not only to come over as the prime minister but also do so willingly. To achieve this, he weaved a complex plot involving the signet ring of Rakshasa. Hence the title of the play, Mudra Rakshasa, or the signet ring of Rakshasa.

The plot is ruthless and involves extensive use of spies, double dealers and dirty tricks. Chanakya condemns to death a close friend of Rakshasa (actually this is a ruse), who had given shelter to Rakshasa’s family when he was in exile.

The condition for the release of his friend was that Rakshasa must accept the prime ministership of the kingdom publicly. Rakshasa agrees, and Chanakya retires from public life, going back to teaching.

Authenticity Revisited

Chanakya is by no means a straightforward person. His schemes for eliminating his
rivals in fact bear a remarkable resemblance to those of Tughlaq. He is totally ruthless and unemotional: he doesn’t think twice before bringing Rakshasa’s friend for execution on a trumped up charge.

He doesn’t hesitate in killing many kings who weren’t loyal to Chandragupta. He has no hesitation in forging letters and using Rakshasa’s seal for his own ends.

Yet there are some vital differences in the two characters that set them apart. Chanakya may be a crook, but he is a straight crook, unlike Tughlaq who always wears a mask, a crooked crook.

When a game of poker is played, deception is the essence. So is the case with statesmanship. But followers must know when the poker game is on, and where they stand. Chanakya lets this be known to them in no uncertain terms.

It’s because of this that all his spies — who work as double agents for Rakshasa also — trust him, and he trusts them.

Even in poker, there are rules for deception. Chanakya is adept at playing the game within these rules, though many of the rules are made by himself. But once he makes them, he plays by those rules. This leads, if not to his credibility, definitely to his authenticity.

Means and Ends Revisited

Chanakya’s means certainly weren’t pure. Gandhi was uncompromising on the need for the purity of both ends and means.

Chanakya’s means, however, don’t seem despicable because he had a trump card like Gandhi — and that was purity of purpose which made all the difference.

We are willing to forgive him for his actions because what he was seeking to do was to have a strong state under an able minister.

We also note that he wanted nothing for himself in the end — in fact, his greatness lay in the recognition that after the initial period of installation of the new king was over, what was needed was a new type of minister who could be an able administrator like Rakshasa rather than a tempestuous leader like himself. Thus all his actions were aimed at making sure that he would be able to abjure his power.

It may be difficult to answer categorically the question of whether wrong means can be justified for achieving noble ends. Even Lord Krishna couldn’t stick to the narrow and straight path.

As they say, sometimes, the shortest distance between two points in life may not be a straight line. But how much crookedness is acceptable calls for a sense of perspective;
a sense of balance. Leadership has much to do with acquiring this balance.

cdeditor@indiatimes.com

©Bennett, Coleman and Co., Ltd. All rights reserved.

Firefox review

2004-11-11T11:21:00.000+05:30

I downloaded Mozilla Firefox yesterday and starting using it. One amazing feature that I found about the browser was that I can block specific images or parts on the webpage of a particular website which you find obnoxious while reading articles. You can simply right click on an image and click on "Blobk images from an ip address or a domain name". And course you can anytime go in Options and enable the blocked ip addresses and domain names so that images residing in those addresses can show up again when you visit the web page again. The only problem here is that, the blocking is address of image folder based. Hence all images residing in the folder say 'shopping.indiatimes.com/images' would get blocked.

"My job got Bangalored a week ago"

2004-10-24T08:09:00.000+05:30

We had always heard of big brands becoming common nouns or verbs. For example, on one of the occasions, my Macro Economics prof told the class, "I don't want you to just do some Googling and submit your project".

On the very same lines, I happened to come across the word "Bangalored", which means outsourced. This is how it's used...

John, a Seattle based call center executive, met his girlfriend Anita. John looked unusually sad. On being asked why he look like that, John replied, "You know what has happened, I am out of office...my job has been Bangalored".

XLRI-IIMC Sports Meet 2004 starts

2004-09-25T07:22:00.000+05:30

The XL-IIMC sports meet starts today. "They" arrived today morning and the durst event starts in around an hour. The adrenaline would run high and so would those "voices". It will be fun watching and shouting.

Common sense worth 2 years and 3.6 lacs

2004-09-24T18:37:00.000+05:30

A close friend (from IIM A and now in P&G) told me this about an MBA course: "A MBA course teaches you that there is something called 'Common Sense' which god gave us when we were born and we should try using it wherever possible".

Jassi Jaisi Koi Nahi

2004-09-20T01:04:00.000+05:30

Seriously, Jassi jaisi to ko bhi nahi. Do you know, Indian Postal Department has come out with a postal stamp on Jassi. Increasingly Jassi is being seen as a iconic of the confident Indian youth. And Indian postal department wants to celebrate that through this stamp. Read the article on Rediff

So what's a resume

2004-09-19T23:57:00.000+05:30

A senior told me an interesting definition of a b-school resume: A document which allows you to exaggerate to the maximum some facts associated with you, without compromising on tuthfullness of those facts. What do ya think?

Stag entries and blaring music

2004-09-11T22:38:00.001+05:30

We were eight of us- college friends, and had a sweet plan of talking about old things over a couple of mugs of beer. And guess what happened, we were denied entry in two known to be “decent” places in Metropolitan Mall (Gurgaon) – Buzz and Europa Lounge. Reason – No stag entry allowed. I felt bad because of two reasons – first how can these stupid bar people turn away sweet people like us and second because I think they lost all the business sense in the world. May be allowing stags to enter their places would have caused problems, but then we guys just wanted a place to sit and talk and of course pay them for the liquids we consume there. Finally we settled down for Rhodeos, another of those stylish bars (waiters dress like cowboys here). But these cowboys were another set of impractical businessmen. While they had come up with a place mainly to serve mature social drinkers and also families, they forgot to adjust the volume of their music to allow people comfortably exchange words over a drink. Blaring music didn’t allow us to talk conveniently. So much so, that towards the end, we didn’t feel like finishing our beer because we couldn’t tolerate the music. (Needless to say, we did request them to lower the music, but I think they had already become “deaf headed” by their own music).

Decipher this

2004-07-16T19:07:00.000+05:30

I always want to understand economics (and also be good at it!) solely because I thought it tries to theorise common sense, until I formally studied the Theory of Positive Economics in my MBA. Here is one of the statements from Theory of Positive Economics, it goes like this:

"Assumptions of a hypothesis can be used to get some indirect evidence on the acceptability of hypothesis in so far as the assumptions can themselves be regarded as implications of the hypothesis."

I needn't say how much common sense this statement sounds. :-)

I will write more on my experiences with Economics.

Social changes affected by BPO in India

2004-07-16T08:35:00.000+05:30

Among many spin offs of BPO sector in India (namely increased income of the 18-25 bracket of youth etc.), the one which I read today in Economic Times seemed most interesting. The article says "BPOs fuel live-in relationships". This is interesting. Is this again an example of western business styles changing life styles in India? ("With accent, time clock, habits and way of thinking being modeled on the American way of life, it has invariably crept into their mindset.", says a line from this article.) I think I am being myopic if I say that. We chose to be smart and tell the Americans that while you sleep or while you are awake, we can handle your customer care from here at a fraction of cost. And they were convinced.

Read yourself to draw your own opinions.

2004-07-06T21:04:00.001+05:30

The breathlessness called MBA

There are so many things happening in my campus that you cannot help but feel either frustated or feel that you are learning to manage time. If you are feeling the former, then you better shift to the latter, because that's the social culture here and there is hardly a point in being frustated.

Studies are really lagging behind and I am feeling a bit scared. How will I do it? Next post will tell how I did it. I am very sure it is to do something with mind.

2004-06-27T17:34:00.000+05:30

I am an i-banker today

Today I did my first ever journal entry during the Basics of Financial Accounting (BFA 1) course. I felt like I was qualified or eligible to be an i banker..

2004-06-15T13:59:00.000+05:30

BPO workers face death threats

ECONOMICTIMES.COM[ TUESDAY, JUNE 15, 2004 12:14:49 AM ]
Dr Shailendra Palvia, MD at the Center for Global Outsourcing in US , got a ‘death threat’ on email on March 2004: “We know your names and who you are and what you are doing to American people. Someone is going to kill you and rightfully so. You are terrorists against the American people,” wrote Don Robinson...Read complete story

2004-05-11T09:43:00.000+05:30

Ab kya kahen, Media had created some much hype about exercising ones voting right, that when I was standing in front of the EVM (Electronic Voting Machine) and was going to press the appropriate button, it felt like a halo had surrounded my head and there was lightning in my finger! bah :-)

2004-04-28T03:44:00.000+05:30

Sabbatical

Today I felt so much like back to college when I went around getting no-dues from various departments in Wipro - library, foreign travels, technical infrastructure team etc. Actually the process of no-dues in case of sabbatical is not automated here. In normal case of separation, its very much automated. But it's ok. Definitely it was much less painful to get no-dues here. Every personnel has an SAP (ERP) terminal where they check the status of anything pending with an employee. If the SAP system shows "nothing due", these people give a clearance. Facts stated simply.

2004-04-27T17:33:00.000+05:30

IT pros: salaries are great but the sex life stinks

ECONOMICTIMES.COM[ WEDNESDAY, APRIL 21, 2004 12:03:57 AM ]
“Honey, not tonight! Got a headache.”

If you thought that this was strictly a Western phenomenon happening to can’t-get-enough-of-sex Americans, think again. In the original land of the Kama Sutra, there seems to be a dearth of sex. Read here

2004-04-21T14:42:00.000+05:30

Elections of 1.02 billion people

I asked my Tamilian maid whether she voted in yesterday's polling to Lok Sabha elections. She responds -'haan kiya tha na, thora late ho gaye the'. Then I asked her whom did she vote. She says - 'congress ko diya'. And adds further - 'haan, hum to hamesha congress ke saath hi hain'. She is unread. I wonder whether she ever considered seriously on whom she should vote or whom she should not vote. I am not presenting my opinions or inclinations here. But one thing I appreciate is that she voted.

2004-04-19T19:08:00.000+05:30

The most bugging thing...

In a big company like mine, ACs are switched off after 6pm. And you've got to sweat (or of course you call admin to switch them on, not a problem) out in front of a 'stupidly' looking screen which takes 20 minutes to refresh. Foooss.....

Goodbye Bangalore

2004-04-13T16:25:00.000+05:30

After 2 years and about 3 months, I am leaving your soil. The best thing you had to offer was your weather. That comfortable 25 degrees even duing peak summers of May/June. I don't think any other Indian city can match you on that.

You introduced me to a lot of people - both at personal level and professional level. You also intorduced me to a lot of idlis, vadas, kesari bath, khara bath and dosas.

I am leaving you in 1st week of May 2004 to join a Bschool.

2004-04-13T16:17:00.000+05:30

I have joined the WWBF - World Wide Blogger Force. Listen from me and share your thoughts here in future