Wednesday, January 30, 2008
Recipe for Success and Recognition
I have never been a great fan of business school rankings and I chose ISB purely because i believed in its quality - students,faculty and the brand reputation in the Industry. But i guess this ranking beats everything. Even a non-believer like me understands the magnitude of this achievement. Just to put it in context, the B school rankings have always been the stamping ground for US B schools and a few elite ones of Western Europe.No B School from India has managed to be in Top 100 of the rankings though i believe that IIMA should definitely have found a place in them just by virtue of the quality of students and unbelievable brand value in India and abroad. True it does not have international diversity, true it does not have professors from US visiting them but the quality of education it has been imparting definitely deserves recognition. But this post is not about IIM it is about ISB, the school that dared to dream and achieve it.
A quick look at the history of ISB, its board members, its roots in industry (both US and India) is enough to understand the rich contacts that it brings on board. ISB has been setup with an improbable aim of being one of the best B schools in the world and in India. This was not an utopian dream but had a lot of rationality as well. In other words the founders had dared to dream and at the same time been active in getting the pieces in place to achieve it. When President Bush came on an official visit to India, he found time to fly down to Hyderabad to visit ISB. I guess that speaks volumes about the contacts the institution has.
So what happens when an aspiring institution (students, faculty and support staff) works tirelessly to materialize a dream to excel and is backed by established global contacts - the result is out there for everyone to see. The whole world has perhaps seen many such examples but this is unique in more ways than one - The school is in India and the founding members are not westerners but powerful and influential Indians. Finally we have made a hole in the elite class of B schools where the snobbish Harvards and Whartons London Business schools reside. This ranking should act as a shot in the arm for ISB and fuel the aspirations even further. As the dean said, this is the start of a positive feedback loop of more visibility,international recognition, more funds, more recruiters, better faculty, better students which would lead to better visibility. Hope i can contribute to the dream in one way or the other. For now I am just happy for one thing - ALL BEST THINGS IN THE WORLD DOESNT NECESSARILY HAVE TO BE OUTSIDE INDIA
Tuesday, January 29, 2008
ISB's global recognition....
Until now, people have been keeping their fingers crossed and kept wondering as to where does ISB stand vis-a-vis globally top ranked B-schools. No there wasnt an iota of doubt wrt its world class infrastructure, extremely talented faculties drawn from top B-schools, a diverse student mix, research oriented curricullum. Still this kind of recognition is what's needed to put it on the global map and establish it's true reputation. FT is considered one of the most reliable sources, for MBA aspirants from around the world, of comparative analysis of different MBA program. The criteria used for the ranking are comprehensive and data are processed to make the comparisons reasonably accurate.
ISB is, thus now, one of the youngest institutes to make it to the top 20 and the only indian one in that list. from the very onset it had established a vision for itself to be a globally top ranked, research driven business schools which would strive to groom business leaders who would not only take on the challenges of ever evolving business world but will set new trends of leadership and enterpreneurship. This ranking has substantiated the fulfilment of the vision to a great extent and now will draw in talents from around the world to an even larger extent.
It may prove to be a much required thrust to India's march to becoming a global force to reckon with and will help boost our confidence .
kudos!!!! to ISB, to India.......
Nothing succeeds like success..
I will put forth some points. Its not just ISB MBAs, its a victory of your nation. Its a testimony of millions of life which bracket under umbrella of tag "Indians". Its the pride for a nation which was brutually killed under slavery and which fought for its freedom.
a) Above everything else, this is victory of my country. There are millions of indians who go abroad to study because their nation was not considered to be the best of the best in terms of providing education. Look at the smiles on faces of indians studying abroad. They now know that they are not a minority, soon they wil have the world coming to their door steps. I have friends doing MS in US of A who flashed ISB making it to top 20, so its high time we digest the BIG victory.
b) Say whatever you have to say for rankings. Hard facts- FT rankings are most reputed in world. We have all parameters open in air for people to judge. ISB has been attracting best of the bests for last 5 years. Its we the people. We might not be the core academicians, who work on quant day and night. ISBians are not selected on their knowledge of GK and how well they can vomit out the figures. ISBians are selected for logics, thought process and courage to fight failures in life. The selection process has academics as one part of it, rest of it is all about leadership, intelligence, smartness, and ability to confer and analyse situations. It takes courage to take a path less travelled and win on it. And if you think institutes manipulate to get a ranking, you may be right. But then it appears to be true for all 100, so battle ground is very much at level. I would say that if Stanford can do it and make itself brand Stanford, we should do it as well. Its high time we stop thiking in stereotypical way.
c) For critics, respect the fact that here is an indian institute which dared to go out to world and test its waters. A ranking of lower than 50 could have made it loose its glamour. It dared to face success and failures with equal grace and it marks the beginning of Indian b school battles in times to come. I am sure there will be a day when we have Indian b schools fighting on global charts while historical ivy leagues watch us play game. :)
Lets take pride in being Indian. I mark this blog to thank all the alums, staff, facility maintenance people and ISB aspirants. We have shown faith in our nation and its products. Its the faith that alums showed for last 5 years that has been given an endorsement.
Cheers to the ISB community!! The only response to the world is "Nothing succeeds like success." I will rest my case here. Flash that card which makes the world look upto you, forget about all other logics for behind every logic is a counter logic. Time to celebrate, we have created a history.
Monday, January 28, 2008
India Shines with ISB
But let me verify this. I click on link and am almost ready to shout in joy. Woooo!! A friend of mine over the weekend said 15 lakhs for a b schools, God knows stands where. I said a b school with an average GMAT of 710 is bound to stand somewhere, but then yes, it might take sometime.
And today, there is this proof, that its done in an year, ISB is ranked 20. No joke, indeed a proud moment for nation. We dared to face the world straight in 5 years and achieved a status which is just not a joke.
The ranking has proven the credibility. This might help us attract geographically diverse crowd in years to come.
However,this blog goes to the young(5 yrs), beautiful(Infrastructure) and successful(FT ranked 20) ISB. ( A friend of mine gave these adjectives and i loved them. )
Cheers!! For the day when the term IVY league will be changed for the history of b schools. :)
Sunday, January 27, 2008
Bangalore Meet
We finally had the Bangalore meet of Co2009 on the 26th of Jan. I was the first one to reach Airlines Hotel. Thankfully I didn’t have to wait for long as people started trickling in from 4:30 onwards. There were close to 15 of us in all. We had the customary rounds of introductions and most of us were from an IT background. But I guess being in Bangalore and expecting anything else would be a folly :)
But the group was a diverse one ranging from people with a little over 2 years of work-ex to folks with 10 years of experience. We discussed various issues over some coffee and Idlis. The topics ranged from the Laptops to telecom spectrum issue in India!! The table then broke down into a lot of small groups with the smokers preferring to form their own cabal. It was interesting to meet up with prospective batch mates and discuss issues and concerns with them. Unfortunately, we didn’t have a single alum attend the meet this time. It would have helped to clarify some of our doubts.
After more than two hours of conversation and a couple of rounds of photo shoots, it was finally time to leave. Paras was generous enough to pay the hotel bills on behalf of all of us. (I really hope he continues with this generosity in ISB too :D)
A few of us decided to hang around for a while. We walked down the road to the HardRock cafĂ©. After all, what is a Saturday evening without some booze! We continued our debate on ISB V/s IIMs with some Floyd playing in the background and the notorious ‘Hydrocarbons’ in hand. Finally we bid our adieus and headed home.
Looking forward to the next meet sometime in Feb and maybe we’ll have the R2 admits as well.
P.S: Prashant and Suman, where are the snaps?
Friday, January 18, 2008
Information overload
Yesterday I read a post in general discussion forum of New admits website by Vaibhav of Class of 2008. He said that majority of questions in the forums are related to 'course details' but none are related to student life on campus. He went on to say that the whole campus is available to enjoy (except the Academic centre). On similar lines I thought to myself 'What am I doing?!!'. I am killing all the excitement of going to a new college by gathering so much information before hand. There is no substitute to the thrill of reaching the campus, getting bowled over and saying 'Wow'. Probably there is more fun in initially having some trouble in settling down because of the satisfaction one gets when things start going smoothly.
I will try to control myself from over indulgence in ISB. As they say, one should enjoy little things along the way.
Thursday, January 17, 2008
Damn it feels good to be in Consulting
I have been thinking a lot about my post MBA stream. Ever since I was in my B Tech, I have been kind of attracted towards consulting. That was one of the reasons that I took up a job in a consulting firm during the campus placements. I had always felt that there were only two attractive streams Consulting and Finance. Somehow Operations and IT never attracted me and I was not aware of General Management at that time. So I had converged onto Consulting as my career option. I somehow felt that I am good at public speaking and will do well in such a job. Looking back at the past 2 years of my job, I feel satisfied that I had performed considerably above my expectations, especially the kind of roles that I have performed and the challenges that I have tackled. But there is a catch in Consulting jobs, it involves a lot of traveling. Although I have not traveled that much in my current job, that was because I had been plain lucky at times. Yes, I have done a 4 month stint in Bangalore, then sometime in Delhi, Hosur and several other places. But post MBA I won’t be lucky I know.
I came across this video on youtube and somehow that made me do a rethink on the Consulting job. He he he. The line about the lawn boy is surely hilarious and has made me rethink :) Just kidding
Watch this video and enjoy.
Monday, January 14, 2008
Thoughts on the Tata Nano
- According to this estimate the annual car market in India is 1.4 million cars. The same article estimates the total number of 2-wheeler sales in the country to be 5 times the car sales - that is 7 million.
- The Tatas plan to put on the street around 5 lakh cars over the next 2-5 years ( 2.5 % of the annual car market). This is a short term figure and assuming they will even capture 10-20% of the 2-wheeler market, one can expect almost 7 lakh Nanos ( 10% of 7 million) in the best case or 14 lakh Nanos (20% of 7 million) in the worst case. In the latter case, the annual market for car sales virtually doubles! Insane, isnt it? All of that isn't happening in a year though, it will take a while to get so many cars on the street.
Some of the publicized and not-so publicized negatives now :
The Kite Runners
Sunday, January 13, 2008
Sledging Incidents
Sorry for deviating from the regular management or professional gyan. Read an article on Time of India, couldn't stop myself from sharing with you all.
The article lists down some of the hilarious sledging incidents.
Article
They are side-splitting believe me
Saturday, January 12, 2008
PiccaDelhi Meet - ISB
Thursday, January 10, 2008
Little delights all the way
Deccan already had few good features like ease of booking, quick response helpline, great on-time performance and large number of destinations. On top of this was the ‘delighter’ weapon of Deccan - PRICE. After take over by Kingfisher, all the above remained unchanged. But Deccan corrected a few basic stuffs, although trivial, that truly made the difference, as I was about to find out shortly.
I checked in and got the boarding pass. To my pleasant surprise there was seat number printed on it. I never understood why Deccan was not giving seat no.s earlier. It does not even cost anything to give seat no. Happily I said to myself – Great-Change 1. As I was waiting in the queue for security check in, I noticed upbeat Deccan staff (The staff was now in the same attire as that of Kingfisher) helping out customers and rendering their service (Only later I came to know that all outsourced staff were replaced by airline employees). Nice, I thought – Change 2. Lastly we were served free water on board. Again, a small change that made lot of difference. Change 3.
The re-branding exercise was targeted to reposition Deccan from ‘Simplifly’ to ‘The choice is Simple’. The campaign promised ‘On-time performance’, ‘Wider Network’ both already strong points of Deccan. But more importantly Deccan made a new promise “Little Delights all the way”. From my above experience I could say that the campaign truly lived upto its promises.
Definitely now the choice is simple.
Wednesday, January 9, 2008
On quitting, feedbacks and what lies ahead.
I'll be completing my last week at work this Friday. Inspite of the fact that I'm leaving, my manager insisted that I participate in the Yearly Performance Review (YPR) process. As always, I found the feedback process a great way to become aware (and refresh one's convenient memory) of my development areas. For those of us (and I think most of us) who are still working, I'd strongly recommend participation in some form of feedback. In a sense, even the application process - writing essays, discussing and coming to concrete career goals from a hazy state of mind and the interview itself was the best feedback we could have got about ourselves. While the ISB admit is certainly special, we may be better served if we entered ISB aware of these development areas than in a state of complacency.
During discussions with my manager, a lot of points came out in general about how good managers function and go on to hone their skills. I'm tempted to share some of these ideas on this forum although they may be repetitions of ideas you may have come across elsewhere. These ideas may not apply in all scenarios or situations but generally hold true more often than not:
1. Good managers are usually inclusive and do not hesitate to delegate power with responsibility. Often, we function in environments where we may have felt - what if I had more powers, I could have changed this state of affairs. A good manager allows his group sufficient powers and delegates not just responsibility at times, but even power. Empowering people around us is the best way to go forward, get noticed. Sounds easy, but is particularly difficult when we may have our own insecurities.
2. Anticipation is a skill good managers possess universally. Often, we tend to sit on our accomplishments. Anyone who has read Andy Grove's book Only the Paranoid Survive will know that only those who anticipate change and prepare for it survive the actual inflection periods.
3. Develop instinct. Being able to use your gut feeling when available data is insufficient is a skill that evolves over time. How often are we in a position of making a decision without time/resources/information to guide us? Developing the gut-feel for a situation and tuning this feel to make a sound decision comes with time.
4. Place your ego and your emotions in the trash-can. Hopefully, ISB will teach this lesson in more ways than one. More often than not, we will need to subordinate our emotions to reason - atleast in the work place.
Enough said. I'll now leave you all with some gems taken from "The Daily Drucker" - a book who's author we'll frequently come across in B-school lecture references.
- There is only one valid definition of business purpose: to create a customer. He alone gives employment.
- Listening (the first competence of leadership) is not a skill, it is a discipline. All you have to do is keep your mouth shut.
- The one person to distrust is the one who never makes a mistake. Either he is a phony, or he stays with the safe, the tried, and the trivial.
- There are keys to success in managing bosses. First, put down on a piece of paper a "boss list," everyone to whom you are accountable. Next, go to each person on the list and ask, "What do I do and what do my people do that helps you do your job?" And, "What do we do that makes your life more difficult?"
- A decision is a commitment to action. No decision has, in fact, been made until carrying it out has become somebody's responsibility.
- Luck never built a business. Prosperity and growth come only to the business that systematically finds and exploits its potential.
- Just go out and make yourself useful.
Wishing everyone a good break ahead before the grind.
This is my first post on the blog. And I'm so excited about the whole ISB experience that I can't think of anything to say. Writer's block is no stranger to me & when I sit down specifically to write, it's the first thing that haunts me.
These days life is quite routine. More so because ever since I got the ISB call, I have found it difficult to concentrate on work - not to say that I was a very productive worker otherwise. So yes, I'm looking forward to meeting up with the Bombay gang & then finally setting up home in Hyd where we can have all the hydrocarbon guzzling sessions as mentioned by many Orkut-ISBians.
Cheers,
Parikshit.
Fate or Destiny
Being a guy who has been brought up in a decent surrounding I have been lucky to interact with people from different backgrounds,cultures,religions as well as strata of the society.I have seen my mother having utmost faith in god and HIS role in our fate and destiny. I have seen one of my mother's friends as an atheist and a person who is such a firm non-believer of fate and destiny.I have had friends too who have different points of view about all this. To be honest with you all i too at an early age did not believe in fate and destiny. My dad instilled in me a sense of practicality - which still i have to a very large extent and is an impediment in certain cases - and an ability to adapt and cope with situations without being low and losing faith in my own abilities. I used to think at that time that i had the power and control over my fate my own destiny.
During my early days all I understood about my own destiny was what I would end up being in life. I knew I had to be successful and had to make my parents proud of me. My entire life was encapsulated in a set of small objectives and aims I had set myself up with.
It was much later in life after my high school that i came to realize that life is not all about what you do and how you do. There are indeed things over which you donot have any control whatsoever which can affect you life in an unimaginable way.I really for the first time in my life felt powerless and realized that maybe this is what everyone calls fate or destiny.I remember having a very thoughtful conversation with my dad during one of our evening walks before i went for college and he said - Yah there are things in life that you cant help and there would be situation on which you have no control yet in those times too you will find u will be confronted with choices. And what you choose will be your control over your own destiny.
I have had to take a few such very important decisions in life at that time and later and I found that this thought gives me a lot of comfort. It helps me keep faith in my abilities yet conscious of the fact that no matter what or how i do there will still be things that will happen - be it good or bad.Today when I look back at life i feel that I might have taken some decisions wrong but what is still good is that i took those decisions and hence I should be content with what i have. I guess thats what is life all about.We donot realize how many millions of decisions we take or choices we make consciously or unconsciously which all affect our life in certain way.I remember seeing a film called Sliding Doors which tells the story of the life of a woman when she misses a New York subway train one day and what if she had not missed. But however you might want to look at this its is good that there are certain things over which we do not have control. This makes our overly complex life a little more complex.
Having said all that I can say that my destiny now lies in a wonderful year ahead with all you guys at ISB. Three cheers to the class of 2009.
Friday, January 4, 2008
Bye Bye Coding...
Thursday, January 3, 2008
Good ads need to be followed up with ground work
This is one of the most superbly executed ads I have seen in recent times. The beauty is the manner in which the ad brings life to the logo.
PS: This is kind of disclaimer. "I have an account in Canara Bank".
Blogging his way to LSE
I happened to read a story on CNN IBN website. The story was about a guy who got admitted to LSE but didn’t have finances to help him. So he has started a blog, where he will write a short story everyday. In return he will earn bucks from advertising. What a novel idea I must say. To read the story you can click on
The blog can be found at,
http://www.milliondollarstory.blogspot.com/
It will be make for an interesting read I guess. Especially for those who are vella in office :D
Wednesday, January 2, 2008
Brilliant talk!!
http://www.ted.com/index.php/talks/view/id/91
Happy Viewing!!
Tuesday, January 1, 2008
interesting trivia.. :)
"There is a story, hopefully apocryphal, about how a large prestigious business school, promoted by prominent members of India's diaspora and Indian industry in partnership with two Ivy League American schools, eventually found its home. They first decided to set up in Mumbai, since it is India's business capital. The government of Maharashtra, known for its parochial ideology, immediately demanded reservation. The delegation then went to Bangalore. The government invited the delegation to meet the CM who did everything Indian politicians are known to do - he was late for the meeting, distracted, said yes, yes, yes of course, but did not offer free land or any other benefit that should normally accompany such an initiative. They then moved on to Chennai and met the regional party in power in the state. They were met at the airport by people with garlands and then told that these garlands were for them to garland the CM of the state whom they were to meet for breakfast. The delegation then moved to Hyderabad. They were met at the airport with garlands - meant for them - and, hold your breath, recieved by the CM himself, who came with offers of free land and an agreement which would insulate them from all forms of bureaucratic interference from the department of education."
As soon as I finished telling this to my dad, he said, "and that's why the CM was overthrown..." :)