2008-08-26

Review of Cesky Sen

Saying that the directors, Vit Kusak and Filip Remunda, only intended to pull an April Fool's day prank on 10 million people would obviously be too perfunctory an observation. Pronounced "chess-key sen", the movie literally, 'Czech Dream', is a wonderfully directed documentary comedy on one hand and a reality show on the other. The power of consumerism can be tested in different ways and media's overpowering influence used to make people do things is what the movie primarily tells you.

Two students of Czech Film Academy, by way of their final year project, test the concept of modern consumerism that embodies the notion that a lot of fact is really only part truth when it comes to media campaigning. Their movie is a satirical corroboration to this notion by trying to prove that they can successfully create a 'bubble' out of thin air and make people believe it is real. They do this by conceptualising a hypermarket that will improve the lifestyle of the Czech public with a promise of low prices, great offers and a dream shopping experience. They do this with sponsorships from a top luxury apparel brand house, a media company (who have differences with the directors' motives on ethical grounds but choose to be professional and do the job anyway for the learning it would provide), real market surveys (this part is a small treat for marketing students) with real families and volunteers and before all this even a grant for making the movie from the nation's Ministry of Culture.

The whole process is documented in this film with superb music; a melodious mix of directed music as well as impromptu responses from the public. The 'Hey ho!' is still haunting me as I write this. The music is also a part of the publicity campaign that is both no holds barred 'corporate' as well as replete with double entendres of carefully chosen words- 'Don't bother', 'don't wait', 'don't shop' etc. There is no escaping from the deluge of messages that the dream supermarket ad campaign provides- TV, Radio, fliers, public interviews etc and the public chases the dream to its ribbon cutting ceremony.

In the course of the movie, the directors themselves learn a lot about the science and art behind the marketing promotion of a hyper market. With clothes borrowed from the sponser, they appear in publicity campaigns featuring as the managers of the 'Czech Dream' hypermarket in Prague (whose location they do not reveal till the very end of the campaign). What happens next is an easy guess on most groundsm especially the reactions of the ropable crowd of 'shoppers who meet the surprise'. But some responses from the calm people there are surprising and insightful toward the motives of the directors.

The movie is well cinematographed, even if in 'no glamour, only documentary' style. The music, the script and the natural responses from the unsuspecting participants is quite moving yet funny.The movie was shot, read as the 'dream scam' was played, a few months before the European Union referendum was signed by the people of Czech Republic.The movie aimed to raise questions in the people's mind by brining more people face to face with the need to take a careful look at the national media campaign to vote in favour of joining the EU.

To a marketing student Cesky Sen reiterates that when consumer expectations clash with reality the result is not always pleasant either for the marketer or for the consumer if there is a gap beyond the lattitude of acceptance by the consumer. Like any caricature, the gap is accentuated in the movie. This is a point well made by the award winning directors who have been acclaimed to have a promising future based on the critical success- not sure of the box office success- of their debut venture.

2008-08-01

Gatecrashers unlimited

"Come on man, where will you get this chance again..." by the young-at-heart and fun-loving and older-than-me VM was evidently enough to get me into gatecrashing into an MDP party on campus! For those who know me well, this is not quite how I like to do things. The question of gatecrashing into a party of strangers would normally be out of question.

The second term has been quite a ride. It began with a slow pace of classes. Since the PGPs came back to school after their summers around the same time that our second term started, our profs have been pulled in different directions leaving considerable void now and full capacity later in our class schedules. This has at least helped us catch up on as many as three hard bound books on strategy and leadership that are a part of required reading over and above the course material. At best it given us time to think about what we want to be doing at the end of 8 months.

The roller coaster that the first term was landed us right into a drag pool of water and it took us a couple of weeks to get used to the slow pace. I say this despite having already written a couple of mid terms and surprise tests and innumerable reports. The action started with our place comm asking us to build a wish list of companies that we want to individually consider. That information would form the basis of the efforts that team would spend in its mission to getting us what we want (not need!). Having gone into a pensive mood and out, we have probably been trying to make the best of the time we have around here; the current macroeconomic and political situation of the nation notwithstanding.

No wonder then that talents have been tumbling out of the wardrobes of many people. In preparation of TNite (The traditionally PGP T-Nite has since PGPX's inception included the latter in its scheme), ideas on posters, themes, skits, songs, shouts, music and even nicknames are pouring out for what the batch wants to make an unforgettable week. In that spirit, I have been sketching and painting with oil pastels, something I have not done in the last eighteen years or more. My wife has been getting her hands dirty with camel skin bristles and Camel Oil paint. Quite a cocktail it is when we play 'Comfortably Numb' and 'Shine on' while making pencil marks on the drawing cardboard.

In the midst of all this happy commotion 'normal life' goes on. It being TGIF meant that SP and I spent our evening in VM's room with high spirits and over an HBO (etc.) movie. This goes on till dinner time after which we go to the dining hall and then home (to our families). Today, by the time we finished the movie, it was about 9:27 PM, three minutes before close of dinner. It was raining when we made a 300 meter dash to the dining hall and sprinted up to the first floor.

But in this rush, we did not miss the disco lights and loud music playing in the ground floor dining hall. Seated upstairs we could feel the high decibel bass vibrations. That was when VM suggested that we join the party after dinner. I reminded him that we did not have an invitation. He said that I was missing the point and added what I said at the beginning of this story. If he says," I have done this a hundred times. It will be fun", I can think it is a trap or I can simply believe him. I was almost sure we would invite dirty looks and VM that we would be welcome.

VM was right. During the course of 70 minutes of shaking and moving to the music, we were made to feel that we were indeed welcome and that the last-day-of-MDP crowd was glad to have us fill up their dance floor. A couple of guys from our batch, who joined us, left within a few minutes. Our Cultural Rep, TJ, was aghast at seeing us there. She had been attracted to the music and was there on the agenda of probably striking a deal with the DJ. In any case, our efforts to get her into the crowd were futile. I sweated out the high spirits and cool down the stressed out mind and body. When the DJ unplugged the music system, we thanked the MDP folks for letting us gatecrash. They said they had fun and wished us well for the rest our the eight months at PGPX. Apparently, a month of case studies had done them in and they were glad to be going home.

I totally enjoyed the evening. After all, the best things in life are 'illegal', 'illicit' and ephemeral!

2008-06-28

A country, a lecture, a performance.

The spell broke when my classmates started clapping and I joined in the applause. Today's 'open economy macroeconomics' class had just ended.

Evidently, thirty years before I was born had begun a reforms process in India that did not begin to fructify till around the time I had learnt to walk. Growing up, I had developed a vague sense of how the world and the world of business interacted and why it had not done well in the past and why the economy accelerated around the time when I was in high-school.The process continues, albeit with more steam, even as I come back to college after about a decade of corporate life.

While all this was happening, a set of events that several times shook a nation of a billion. There was another set of events that forced a country going in the wrong (in macroeconomics, right and wrong are opinions based on ideology) direction to do a u-turn, in the process starting an economic revolution that is only restrained by the attitude of the elected representatives and their affiliations to power and position (we get the governments we deserve? What must an economist feel if he knows what to do to correct the wrongs, but is tied down by 'the obligations of his position'? What's popular?) Overall, the events were influenced by 'who ruled independent India', what political inclinations they had, some things that are ingrained deep in a 3000 year old culture that is Hinduism, international power polarities and their subsequent realignment etc. There are several other factors that would seem superficial if explained in a hurry, but they all mattered.

In summary, today's lecture related some of the ideologies that have survived 200 years of political testing, 3000 years of cultural testing, responsibilities and constraints of central monetary authorities, 60 years of post-independence struggles, the interdependence of several macroeconomics factors that every government ought to strive to direct (with as much less interference and marginal cost as possible) with some of the known and unknown facts and political opinions that shaped India's daily life over the last six decades. Basically, everything that mattered to the development of the current fiscal and monetary policies was expertly framed in a lecture that was delivered like a story based on numbers and adjectives. The performance was spellbinding. I recall laughing out of professor's wit and admiring his rhetoric several times.

India got revealed between spoken words, a blackboard and insights of a scholar's mind. Seventy five minutes had passed by in a whiff. The cloud of my thoughts and opinions, though, had taken a definite concrete shape. Wow, so that was what they had been talking about all these years!

We have enjoyed several lectures and many more discussions. But on none of them had we conferred an applause, like as if at the end of a performance. This was a first.

I started clapping.

PS: The professor is a permanent faculty at IIMA. Among others, he has been playing the role of an expert adviser to the central government on some of the key initiatives rolled out in the recent past.

2008-05-19

The light at the end of the tunnel...

Last week a new course on operations started. This course has an acronym which can be easily turned to sound like 'doomed'. Everyone thinks that doomed is what their fate is in grappling with it. In fact, there is a little law that says you are bound to be doomed with it.

The culmination of a week in which a movie played a significant part in-class (did I forget to mention that in the class we saw a short movie on cheetah?), is quite aptly watching a blockbuster at the cinemas. Better still if about seventy adults and children land up at the same hall at the same time. Even better if the movie starts with a C&H comic strip 'What are you doing here? Don't you have homework to do?" Thanks to TJ, our cultural rep, all this was possible last Saturday.

Not having left the campus thresholds for over a week, I was glad I was doing something normal. I am not sure if it was circumstantial, but I thoroughly enjoyed the Iron Man. I thought it would be nice to buy a flying suit, if I could afford one. Impossible is nothing, you know...see the real stuff here.

Coming back to doom, the course requires immense amount of patience and focus (can the two co-exist? We are getting there...) to get through a case. Don't get me wrong. I am not talking about cracking the cases, only about getting through them. So, by Wednesday evening when we were faced with a rather simple doom case that we could solve in an hour, we thought we could hit the bed a couple of hours earlier (say, 2 AM). We saw light at the end of the tunnel. Little did we know that the other asignment with statistics reading was a wolf in dog's clothing. We had to just keep on reading hor hours. By the time we were down to implications of our statistically significant observations, it was tea time in the Chicago.

How do they say that... the light at the end of the tunnel turned out to be a fast moving train? Yeah, and we walked walked right in to it.

2008-05-13

Life is fun(ny)

Things long forgotten have a way of coming back to haunt you. You might even say it is a conspiracy by higher powers and I am at the center of it.

Why else would I need to fret over needing to literally pen down more than half a dozen pages at my age. I am no 'writer'. My profession and office technology have turned me into a "key-er", as I cannot claim to be a typist either. But industry did teach me the value of expectation management. With a handwriting like mine, growing more illegible by the year, I need to set the right expectations. This is what I did before the exam when I asked Dr.SS, TA for our, 'Customer Value' course, about the role of aesthetics of one's handwriting in a b-school exam. I found it comforting to know that 'she has seen all kinds of handwriting'.

It's not like I have not tried to get into the mode of writing more. I have made considerable number of pages of study notes for my course subjects. But how much of a damage of nine years can you reverse in a few weeks; assuming you even let me be the judge of my own handwriting?

I did pull through the three hour case-based exam this afternoon. I was not sure if I could sit that long. One of the reasons I had dreaded GMAT practice tests was their painfully long durations. Initially, after I landed here, I had to fight the urge to get up from my study table and walk around every twenty minutes. On one hand being a manager allows you to have some amount of exemption in having a low attention span. On the other hand multi-tasking required by a manager's role turns that into an asset of sorts. Anyway,another of those things that come back to haunt you are long duration exams.

I think I am developing, subconsciously, a way of creating fun if I do not find some around me. Would you believe I walked out with my answer paper after the open-book exam? I must have inadvertently (no such thing in Freud's world) packed it with my rather tall-and-broad text book. Once the TA found out that one paper was missing, I walked back into the hall to help them sort the confusion out. I am not sure who was laughing and who was relieved on finding out that it was I who had not turned in the answer paper. Since I had been within earshot and eyeshot of Dr.SS and maybe had demonstrated my integrity (now, how do you like that?) in the past that I did not need to sign an 'undertaking' (I did not know such a thing existed).

Like I said, I am finding that the repertoire of stories is steadily growing. Mr.Freud, would you say I am building one? I am not sure, but I do not think, anymore, that many thing will impossibly not happen to me.

A kind of X-files effect? No, let's say it's the PGPX-files effect!

PS: What the online-statuses are looking like today: LC- "Koi lauta de mere beete hue din"; RR-"toommatooeess...."; AA-"Selling Grade "A" tomatoes";
Yours truly- "No Strategy => POD (point of despair-ity)"

2008-05-09

On the wings of time

We gave three standing ovations to three professors who have either triggered a changed in the way we think or will be instrumental in changing the way we act. The caveat, of course, is that we follow the messages they delivered. As our OB professor concluded in the last session of her course, 'It depends on your choice!". It was touching to bid adieu to the great minds who made cherished our first encounter with the pressure cooker that WIMWI's pedagogy is.

Tuesday marked the end of the first month of PGPX. In this time, we have completed three courses and started three new ones (while a few others will get replaced soon), and woken up to the fact that the first final exam is on the day after tomorrow. But the fun doesn't end.

We started a course with a given name of 'Modeling for Decision'. 'Decision Modeling' would have worked just fine. The given name is causing me to interchange the order of words. Interchanging words can be disastrous as I realized over a post session conversation. Our professor, NR, thirty years at WIMWI and a doctorate in mathematics, has a very sharp mind. Unless we chase his ideas at the speed of his thought, we see that the multi-dimensional ideas he is spewing out are lost on us. He approaches things with cold logic, is famous for being strict in dealing with 'inferior logic' and merciless in repartee; some have been hopelessly embarrassed in class (to be later cajoled).

Over the post-session tea, I thought I was making sense to the prof. until I heard him say 'Have you considered it, seriously?'. Only then did I realise I had referred to his subject as 'Decision for Modeling' (notice that mislaid 'for'?). I quickly recovered thinking about how bad this could get. I conceded to my error and replied that given my un-toned structure, decide that it would be 'illogical' to proceed with modeling.Thankfully the Prof accepted it with a nod and a smile that told me that he was letting me go easy! I am glad I did not speak on the topic in the class.Class participation can wait!

Like "One, Two, three, times a lady", is there 'one-twelfth an MBA'? You wish!

2008-05-01

The Big Bang Theory

Like many of my friends, I was a day scholar at engineering school.I have been told that there had been a part of engineering school (not people, but life) that was not known to me, or for practical reasons out of bounds to me. I am talking about the world of "hostel-ites", as they were called.

Confined, OK, let me add 'by choice', to the palisades of Vastrapur New Campus, I am now a part of a camaraderie of hostelers.I had been variously told that I had missed out one some part of growing up by not living in a hostel. I was not so sure at the time. OK, sour grapes. I now think that the fact that we sit together and debate over 'business decisions' into wee hours of the evening and rub (all) our noses to the ground over frustratingly ambiguous case studies, weaves around us an invisible thread of fellow feeling.Slowly but surely we are building up a repertoire of stories that we will recall in future.

An unforgettable would be that of the Midnight Blast.

Post dinner, bogged down by an 'Analysis of Data' assignment, we were in the abyss of confusedness when, suddenly, there was a "Bang!". In day time, we've heard rare air-gunshots fired to scare away the hundreds of pigeon that think it is their right to deface, with natural elements, the ornate facade and modernistic walls of The Institute. But an air-gunshot in the middle of the night? There was a perplexed expression on several faces that were peering out of different syndicate rooms. On the hallway were PK and SP who had no idea what had hit them. The others were wondering what had come upon these two. It took the duo a few seconds to understand what had transpired. We thought it was excusable for them to be perplexed, since it was as real as it was unbelievable.

Turns out that PK had asked SP for a match and SP threw a butane lighter in PK's direction. PK missed the catch and the projectile exploded on contact with ground causing the big bang. What PK and SP were looking for, not realising all this had happened, was the missing blue plastic lighter. Obviously, neither of them had any background in using ammunition of this kind. So, it took a golden few seconds to understand that the heavy odour was that of sublime butane and the blue pieces of plastic were remnants of SP's cigarette lighter.

A wave of comic relief spread over the present crowd as dawned on them an unpleasant side-effect of playing catch with a lighter. Lighter as SP was of a lighter, our minds were lighter from the monotony of the post-dinner discussion. Somewhat like during the aftermath of the big bang, our ideas started crystalising (read as some progress on the case) all the while shaking our heads at the un-impossibility of what has just happened.

For the record, no one was hurt!

2008-04-25

Thank god it's FRAday!

Imagine you are at sea standing on a balancing ball. You need to jump from ball to ball to make your way to an island, where you catch your breath and rest for a while. Then you repeat the act to reach another island. If you miss a step, you are in saline water. So also, if you take your eyes of your course. There is no looking back. There is only looking forward to the island. Then there are these high-jumps you need to clear sometimes in jumping between balls.

I am not saying there's no fun; I am talking about my trials at Vastrapur. The bouncing balls are the new topics in different courses we need to study everyday.The high jump bars are the tests, sometimes surprise ones, that we need to take. Miss a topic and you will be stumbling over yourself to catch up with what just went past in a blur. The islands are the weekends--the only times you can afford to look back and reflect upon what you did.

One of the balancing balls is a course on customer value (no, they don't use jargon such as 'marketing' here). Here, we are being trained to 'liberate ourselves from the shackles of rationality in order to understand the nuances of the behavior of an animal called customer'-quoting Prof. AK, who's on a mission to change the way we think and will be glad if we went home more confused than when we came in! Now, the fun part of this this that we get to do assignments where we need to look at good looking women with the best skin tones and lovely smiles. That's because we are required to elicit information on positioning of luxury soaps (partly, our choice of category) in India by looking at an array of TV and print advertisements in the category and then write a report on strategic marketing implications of same. Do you want to 'skindulge'?

We sing alleluias when we learn that a class has been deferred and thank gods for small mercies when the bulletin board is bare at 2 PM. For, at this hour the fate of the class, by way of a surprise quiz or not, is officially announced. Of course, you can check your mailbox over wi-lan. But, a notice is a notice.

The Institute expects highest levels of commitment to pass through the year long test of fire that is PGPX. The industry however does not prepare us for anything like this. One needs about eight hours of preparation outside to class to make it through a day having 3 course sessions. Not reading up for the class is like falling short of length at next the bouncing ball. Most of us are going into 'auto mode' in preparation for the next week that has 21 course sessions over six days. There has been some insinuation about a 'catch-up' class on the seventh day. That doesn't surprise us anymore.

"Why does cash flow?" "KASH (F)low" and the curious "positioning cash flow" are all side effects of a grueling episode most of us are going through. We are trying to imbibe the techniques of accounting as a part of Financial Reporting and Analysis. In a matter of four sessions we have covered aspects from the basic principles of accounting to cash flow statement. 'Covered' is a heavy word that includes all of: reading, discussing, applying, testing, frustration and sleepless nights. When you look at people's online chat-statuses, you see the phrases that were mentioned in quotes at the start of this paragraph. There is so much FRAstration that everyone is feeling FRAil around this subject. There is almost a tacit FRAternity of people whose confidence is FRActured by this subject. Oh, Oh, I am doing it again! I might be already too FRA from sanity.

There are ways to cope and then there are ways to cope. I find it comforting to chat up with anyone who is available at the FK tea stall at 1 AM. And I am glad I am not writing a 'reusable Visual C++ component' like one of my batch mates here, MS, did a couple of nights back. Either of these activities is like playing Bricks on the cellphone- stress-busting as well as entertaining. Can you imagine doing this aimlessly in the middle of the week? Where's the time?

Thank god it's FRAday!

2008-04-15

Mid-summer night's daze

Up, after the first splash!

I am not a swimmer. Yet, aided by a life-jacket (yeah, not purist aquaphile) I have previously dived in to cold waters. When you hit the water for the first time, head down, the splash causes you to go in to a state of daze, until the buoyancy bobs you up above water. Only then can you breathe. If you get my point, this blog post is one such quick breather.

For email access, internally (Ah! the coveted domain name in my new email ID) WIMWI uses a SaaS-modelled service of,probably, the most popular email service that also owns the best search engine. So, we have this page that comes up as the inbox and on the left pane is the list of ready-for-chat users in the PGPX batch. The intent of this post is not to familiarize you with the features of our email system, but to enlighten you how a 'productivity' application can become a subtle support system. Let me explain.

The speed at which professors' assistants send updates, the academic reps post the latest twist in the profs' plans and the last minute changes to the make-up classes (you wish these were cosmetic) and the updates we get on assignments and submissions, one needs to be checking his email every few minutes. Else, one is working on expired information.

So, now you should guess that my Inbox page is, well, always open.

What do I see now? There is this gentleman SG, who's right now battling the twists of supply side managerial economics. How do I know that? His current status is "IsoCan't Curves". Inspired by this, I update my current status to 'segMental State' reflecting my state of mind at the maze of jargon surrounding Market Segmentation and Target Marketing. Then there is RR whose status is a smug 'hmmmm'. I am not sure what she is studying. Not sure if he was really sleepy or just bored, SG-Bandit flags a 'Bean Counting is fun, Bean Counting is fun, Bean....'.

As I make my way through the Building Blocks of PGPX, post-supper, I increasingly find that
a. It's already lunch time on the US Pacific Coast
b. My wife is already in REM sleep, probably dreaming that I have retired for the night
c. There still are several users online (green user icons) but deeply engrossed in subjects that while enjoyable, remind us that 'there are no free lunches'. In fact, nowadays, there is very little free time for lunch.

While time chugs along,outside the walls of Vastrapur campus, our Microeconomics Professor (so good that he was brought back from retirement) speeds past the topics at a speed tad less than that of light (If you think I am exaggerating, remember that I am reading marketing!). By the night, we try and run behind this beam encouraged by each others' 'statuses' reminding us that 'we are not alone'. Subtle Support System?

Coming back to the splash: After the first bob, gravity takes over and you go down for many short plunges. Time for me to plunge 'down' into Kotler's maxims.

2008-04-08

Go...

The first official day of the PGPX program '09 started with an inaugural function that included an address by the director of WIMWI (well known institute of management in western India) as we humbly refer to The Institute.

As much as we enjoyed the program that included individual introductions to the faculty, managers of the program and the batchmates, so did our families who 'got an opportunity to understand the framework and learn firsthand about the expectations from the students'. Thankfully the first day only included presentations from supporting functions of the institute, but again did not spare us from prep material for Management Communication modules for Day 1 the Monday.

Day 1 taught us that management communication cannot be perfected. This would be a smug statement unless I tell you that I acknowledge now that some of the practices we knew before can at best be described as 'Corporate Baggage'. So, while critiquing our classmates on their presentations and reviewing the playbacks of the same, much delearning was seen as imperative.

Day 1 was not to end sooner than midnight for we had to dissect the First Case of the year. This was an 'illustrative case', meaning that we would not be graded on it and it would be used to understand the mechanics involved in solving a case. Zealous as we were to take the best shot at it, we chose to ignore the point of diminishing returns and spent close to 4 hours preparing for it individually and in groups. The exploration was interrupted by the Inaugural Dinner with faculty and staff of PGPX.

Now, inaugural dinners are supposedly fertile grounds to look for some face time with Professors and if possible with their assistants. And given that this would be the second only interaction with the professors, some of us thought that we should capitalise on the opportunity. We we can talk with the other students over the next year anyway. At this point I should tell you that some Young Professors, the recently qualified Fellows (WIMWI PhDs) are not much older, if at all, from most PGPX students. Hence, spotting a young professor with a french beard already talking to a student gave us instant joy. Now, one could slowly join the circle and wait for a chance to get into the conversation. Of course, the sensitive approach involved in doing this is not much different from hunting where you could unnecessarily startle the prey. Anyway, the approach was executed and the conversation was initiated. After about four minutes into the conversation a bunch of visiting cards came out of the professor's shirt pocket and made it in to our hands. It is only then we realise that the professor we softened up to was the VP of the company catering for the dinner. We beat a hasty retreat from the deceptive prof!

After that dinner was mostly spent learning the intricate mechanics of sub-prime fiasco from RK, a batch mate.

2008-04-05

Get Set...

Third day, also day minus three, on campus came with a lot of surprises- some pleasant and some otherwise.

The pleasant suprise came in the form of an executive bag with our names and an inscription of the IIMA logo. The not so pleasant one came in the form of twelve spiral bounded proprietary study books and half a dozen text books.The size of the stack made me think that this should be manageable, until I learned that the stack would need to be devoured over the next ten, only, weeks that make up the first term. People were hoping that carrying the books from the office to the apartment would remind us to make time for fitness. We also found out our study groups and got alloted our syndicate rooms, where we will be found most of the times after class hours.

Next on the cards is the selection of representatives as well as committees for various functions that will be driving the batch the entire year. Some of us have taken up the initiative to drive the larger group toward the thinking process for this and set the ball rolling. Those who want to nominate themselves ought to find time to reflect upon their strengths and the roles they want to play.

After much deliberation, at about 7 PM, we decided that we should have a pre-term party tonight. Securing permission to host it in the terrace-lawn, arranging for musical tracks, getting the in-house caterers to make an assortment of pakodas, buying cold drinks, snacks and cake, planning party games and finally setting up the venue with lights and tables was organised with fervour in a matter of two hours. That iPod with a Bose docking station/speaker system is a DJs next best friend was quite evident when the beauty of a system kept pumping high decibal sounds all throught the party right over the chatter and laughter of a the hundred strong crowd.

We just retruned from the party. It could have gone on for longer had the rain gods relented and had we not been required to get ready for the formal inauguration as well as dissect a communications management case study with our syndicates.

This is a sign of things to come. Work hard and party often. The group is seriously considering buying a low-end sound system just for parties over the next twelve months. We will get the ROI when parties happen frequently and we will have parties frequently to get the ROI.

The program gets formally inaugurated tomorrow. Then, it's just "Go!".

2008-04-03

On your marks...

We arrived at the hallowed portal of IIM Ahmedabad yesterday morning. We had for company another batch mate R and her husband M on the 36 hour train journey.We were planning to travel lock, stock and barrel (and hence the choice of a train). But given that we wanted to feel 'at home' at Ahmedabad, our situation could be summed up as 'lock, stock and two barrels'.

For the first time in two decades, I travelled on a rail-trip lasting more than a few hours. So, while the stink and snafu that we associate with Indian railway stations and trains have not changed much, the AC two tier treatment was not bad at all. Chatting up with the electrical incharge of our train, I found out that the trains are apparently much more cleaner and quieter the South of the Cancer line. He associated the regional attitudes and the major ethnicity of the passengers to how clean or otherwise a train is when it cruises into the last station.

Another thing I learnt, during an unscheduled stop, was that, apparently, even if the train were to not move for another six hours, we would still arrive at Ahmedabad on time. The reason he said was that the current time-table had been made keeping in mind a maximum speed of 60 kmph. The reality is that most trains run around 100 kmph on most tracks. So, while most trains could have shorter journey-times, they just don't. Hmm...

First two days here have been all about setting up our on-campus apartment for the rest of the year and meeting many people. The atmosphere is almost like returning to college after a vacation. The reason I say returning and not joining, is because thanks to web 2.0 and collaborative technology we know most of us- have discussed online, emailed each other, have either spoken on phone and/or met several times- before meeting here. So, the ice was broken long back. Only a few who chose so or otherwise remained inactive in our online forum needed any introduction.

The fact that Ahmedabad, as we are finding out slowly, is a hospitable city is making things very easy and simple. I cannot imagine -saying this for all it is worth- travelling in to Bangalore as a student with a family and without a car and at the mercy of auto rickshaw drivers and then finding it this easy to settle down. So far, the auto drivers are not only super-congenial, they are very enterprising. One guy introduced himself at the end of a twenty minute ride and urged me to note down his cellphone number. He said he is mostly lingering outside the campus gates and will be able to service us anytime. Amen! Bangalore auto drivers sit on their backsides and with no hesitation refuse to carry passengers to just any spot. It shows that Bangalore drivers are not hungry enough, if you see what I mean.

After seeing the malls of Bangalore, I will say that malls here are huge. The ISKCON (name owing to proximity to a temple) Mega Mall, is impressively big. Put a Forum and Garuda and some more to get an IMM. And I am told that IMM is not the biggest mall in Ahmedabad. No wonder RelianceMart chose Ahmedabad for launching its Hyper format.

I will be unnecessarily biased toward Ahmedabad, if I do not say a few words about the driving sense in Ahmedabad. For the size of the roads, big, and for the type of roads, pristine, visibly reliable and well lit, the aggressive behaviour of the drivers is confusing. Bangalore suffers from bad roads; here roads are not an issue. I do not yet know where it comes from, but something is not right about the rush.

Anyway, first two days, despite having followed a day and a half long train journey seem conveniently normal. A nice city, a nice campus and a nice feeling.

2008-03-26

A pupil's progress

Five more days to do before I set out lock, stock and barrel to Ahmedabad. The three weeks I had taken off from work have resulted in part success. The aim of the break had been four fold - Relaxation, recreation,reading and regularisation. While I can say that I have made sufficient progress on the first two, the third is where it is in the list- lagging. The obscuring reference to regularisation is with regard to catching up on administrative tasks.

Right now, I think I am at the apex of a roller-coaster, the car is chugging its way to the highest peak. A few days from now, once we arrive at Ahmedabad, the car will be past the acme and then will hurtle down at breakneck speed and everything will pass in a blur.

But looking down (from the peak of the imaginary roller coaster) the feeling is very much like being on a real roller coaster or for that matter more like having taken off, out from the door of a propeller plane at 13000 feet for a sky dive. You have to do it right and land on your feet. And to do it right, you don't want to close your eyes; where's the fun anyway in doing that?

So, let's get it started in here.

2008-03-21

A colorful Road Trip

A road trip typically combines the thrill of driving your own car through countryside and highways with the freshness of seeing rural and natural sights that one gets un-used to seeing in a city. In a road trip natural colors are easy to come by. Here are some colours of Karnataka that that we saw flying around us in the Ghats and along the coastline.

That the Western Ghats are green is common knowledge. The myriad shades of green shone by the tea gardens of Kalasa, Kudremukh and Samse, coffee plantations stretching from Sakleshpur to Mudigere and the sporadic deciduous and rare coniferous foliages sprouting out from deep red mountain soil remind you that tropical heaven is only a few hours drive away from home- the natural red and green.

Green is also the color of hope. The Shiradi Ghat road renovation project gives hope that the Mangalore Bangalore corridor will boost economic growth over the next decade more than what the recently inaugurated railway track will. The 9 inch thick tarmac starting Sakleshpur and the 1 foot thick concrete beams at the hairpin bends are being laid out with deliberation. Making no mistakes this time, the road has been closed to heavy traffic and opened to only controlled private car/light vehicular traffic.

The Greater Mangalore, if you may, area is poised to see amazing growth in the next few years. The infamous, for road accidents, NH17 belt going north from Mangalore is seeing new shades of grey- those of concrete and tarmac laid in the form of four-lane if not six-lane expressway complete with underpass and flyovers. The road will be made safe by itself. Left to man's fancies, however, nothing is safe.

All this, on top of the existing airway, railway will bootstrap the connectivity of the ports and upcoming SEZs with the hinterland. New SEZs for an energy company and several IT companies will lift this town from its tier 2 status to metro in the next decade.

That apart, the blue skies above and backwaters abutting the highway remind you that it is a little too unusual for rains to cause havoc in the evenings. What ought to be pink and blue- the two colors of spring- actually make you think black for the dark evening skies as well as the creeping impact of global warming. Forget that and the white sands of Maravanthe and the aquamarine waters of the sea beyond bring you right back to where we intended to spend one afternoon. Hot, you bet, and sultry worsened by last night's rain.

The legacy of the dynasties remnants of one of which, Hoysalas, we visited at Belur and Halebid ought to carry a bright orange glow. Orange is the color of endurance. That such intricate sculpture work has weathered nature and foreign invasions through the years is a testimony to capabilities and talents of a foregone era. The ornate pillars of the Chennakeshava temple, the hallmark of Hoysala architecture, is replete with the traditional jewellery designs that find their way into contemporary ornaments. The black polished pillars of the Jain Basadhi at Halebeedu even after close to a thousand years reflect the visitors' awestruck faces as if they were built yesterday. The musical notes that can be drawn out from the lightly constructed pillars strike the right chords of surprise.

Looking out for all these colors, we drove out of urban landscape on a Monday dawn, drove through the hinterland and ghats smelling coffee, tea, tender cashew, damp paddy and sugarcane fieldsdown to the hot coastal belt. We drank a lot of tender coconut, locally made carbonated jeera and ginger coolers sun-burned ourselves, sweated out in buckets, swallowed oodles of fresh air, woke up in the mornings to rare sounds of common birds, dug our heels in hot white sands, learned that Kudremukh National Park is replete with vistas of dark green and blue mountains against a pastel blue sky and also learned that exploration of Karnataka by road on our own car is the next best way to do it; the best way is on a bike such as an Enfield.

We returned four nights later content for now but thirsty for more, covering more than twelve hundred kilometers but not tired, intemittently cut off from communications like cell and email but not feeling any bad about it to the home-city happy but not too happy about it.

The colors we saw in this road trip are just a few sprinkles. There is a whole rainbow out there in Karnataka.

2008-03-15

Where is the pulp?

"Where's the pulp? Where's the pulp?" goes the tag line of a fruit drink being popularised, of late. Replace "pulp" with money or even 'reason' and you will know why markets should not rise in the near to medium term. By this, I mean that Sensex will probably not see sustained 17000 to 20000 levels in the next 8-12 months. As of last trading day, the Sensex closed a couple of hundred points below 16000.

Here's why:

1. Technically, at 16000, Sensex has a P/E of about 20, down from 28 at the start of year when record 21000 was breached. Analysts point out that P/E of 15-16 too is justifiable. This means that there is room for bottoming down. This is supported by the fact that 60% of the scrips constituting the Sensex are still trading at a P/E higher than their average 4-year P/E. It may mean they have room for rationalisation.

2. The FM has revised down the projected GDP growth for FY'09 from 'above 9%' to 'above 8%'. Analysts only expect 'more than 7%'.

3. Manufacturing sector has shown negative growth. Down to 5.3% this year, the growth the government says will be close to 11% next year. But there is a big slowdown cloud hanging over that. Given rising cost of imports, at a micro level, profitability will no doubt be impacted.

4. Agricultural output has not stirred any positive emotions while no new provision has been made for prodding agricultural growth. The 60K Cr waiver is not favourable to many or all, but that's another story by itself and it will not put an end to farmer suicides. For FY'08, a recent report forecasted a mere 0.9% growth in food grain output, down from 4.2% last year.

5. The Indian banking sector has only started to publicize its exposure to sub-prime funds.

6. IT sector is still trying to figure out what to make of the recession. But see no upward revision of guidance this year. The Rising Rupee, increase in direct costs and forecasted shortage of talent have already knocked off close to 30% in blue chip stocks. The end of tax holiday in the near future will only squeeze profitability. The flag bearer of 9% growth, services, will be marching only slower.

7. Inflation is rising higher. Already at a 9 month high of 5.11%, this time driven by rising costs (imports), it will be increasingly difficult to sustain operational margins.

8. Rising oil prices will continue to put pressure for an upward revision of petrol and diesel prices in India. But following the recent populist budget, the upward revision would not come by easily. Simply put, it would be an aberration to populist tendencies in preparation for the General Elections. So, oil companies will continue to show deep reds in their books.

9. Infrastructure is not doing that great. Look at the "good for nothing as of now" two 'swank' airports with national records of longest and tallest etc records to their names. Big airports, one already inaugurated, with no way to get to them.Their official launch has been postponed now. Each is an example of priorities that our 'leaders' have. Call the cause technical or political, the impact is economical.

10. Impending general elections may mean no path breaking reforms to bootstrap the above will be taken up now.

In the light of all these, FIIs, especially, hit hard on earnings in the sub-prime era may show faltering confidence, overall, in the current domestic economic scene. The sheen of India Shining episode is getting dulled down by lackluster or almost stalled reforms process.
What about Retail investors? Well, that category of traders or investors has not been driving the index. The recent IPOs have not done well and the market has all but tanked out and is bobbing up and down on a weekly basis. This gives no confidence to a retail investor. They will at best be cautious in putting their money in direct equity.

So, w.h.e.r.e. i.s. t.h.e. p.u.l.p?

2008-03-08

Next phase: A thousand suns

Well into my first week of 'officially' doing nothing, but otherwise doing a lot I can say I have discovered a few things. Foremost among them is the fact that Bangalore does not have that much traffic at all! Surprised? Even I was, because rarely, if ever at all, have I ventured into the heart of the city between 11 AM and 5 PM on a working day.THIS is the time, Bangalore has no traffic at all.

In the process of learning the ropes of Financial Reporting and Accounting from pre-course learning material, at least I have figured out the difference between Expense and Expenditure. Being a layman to the domain, I should say it is no less than a discovery, albeit a technical one.

One of the first things that hits me when I converse with people is my inability to say I work for so and so. A momentary lapse of identity is quickly replaced by the realisation of what it meant before and what it will mean in future.

My break, simply, has started in uncertain times. Overall, there is a lot of grimness about how the events will unfold in the next eighteen months. Indian Banks' revelation on exposure to Sub-Prime Funds, recession fears(? or!) stalking Indian and global markets have started a ebbing phase which will be sustained by impending elections in the US and carried over by elections in India. Bolstering the fears are falling industrial output in Indian manufacturing, sky rocketing oil and gold prices,5.1%-nine-month high Inflation rate in India, 0.6% fall in US retail spending and analyst opinions that US recession could muster enough rubble to match the recession of the twenties.Yesterday's Bear Stearns bailout story is just another nail in the coffin. This is going to be one long year if not a longer eighteen months.

So, while the next twelve months will test a lot of new waters,cause there is bound to be many a storm, on the personal front optimism is rife because behind the dark clouds are a thousand suns.

2008-03-07

A chapter closes

The day that I had been waiting for came; Not 'finally came',it just came.

I started from home later than I had planned for. The current favourite songs were playing on the radio as I drove to work, windows rolled down to let in just the right kind of morning breeze. I also got the favourite spot in the parking lot. So, it’s all falling in place, I thought.

At the desk, it began with opening the mailbox as usual. But instead of looking at the ‘work emails' my attention was focused on numerous responses to my goodbye emails. Only after perusing them did I open the work emails (Oh yeah, even on the last day!). This was followed by chats with a couple of colleagues, who on learning my reason for exit chose to have a tête-à-tête with me. A conversation always yields more than email ping-pong.

My colleagues and managers threw a farewell lunch for me. I had been forewarned that a farewell speech was due. I had only found time to figure out what makes up a good farewell speech. So, with a lot of extempore, I think I delivered a recommended complete speech; after all, it did last about five minutes and I ended it just before they could have begun to lose interest. Anyway, I was keen on listening to what people thought of me. A couple of pleasant surprises came along. You can even say it made my day or my month.

One can never plan the last day to be perfect or smooth. It was a funfilled day but also busy as it could get. I found myself jogging as I shuttled between meeting people, the day's first international conference call, checking on my clearances, getting to the farewell lunch and back, the second international conference call, intermittently backing up my emails that just kept pouring in, taking and making phone calls and surrendering 'company assets' before collecting my relieving letter.

A few people have asked me “Are you feeling sentimental about leaving?”, “Are you feeling sad?” and “How does it feel after so long?” I could only tell them that I have mixed feelings about leaving the current workplace. I am leaving with a little bit of sadness but a lot of excitement and anticipation. (Look for the ‘ship’ in my previous blogpost). May be I gave it enough time to let it settle down in my mind. After all, today marked the end of my 101-day long notice period.

The day that I had been waiting for has gone. Not to be forgotten, but to be blithely put away in that realm of memory where felicitous remembering resides.

2008-03-06

Shooting my neck off

I spent my second last evening at office doing what I like doing most- shooting my neck off! That's just another way of saying that I like setting up my camera on the Monfrotto and shooting away.

I am a huge fan of this campus. When the lights come up and the reflection of each structure is seen in another, it is difficult to stay away from the trigger. Right after sun set, I set up the tools and set out to the remotest corner of the campus. The idea was to capture the splendour of glass and concrete intermingling with greenery, water and light-natural and otherwise.

Ignoring curious looks from people making their way to the company bus terminal, I carried around my camera mounted on the stretched-open tripod. My paraphernalia usually gives an impression that there is some serious work going on. That makes things easier for me, as no one bothers.

And honestly, journalists (by invitation) and cameramen are so common in the campus that one gets used to it. At least once a month, one can spot a bunch of OB vans around the campus. This brings me to an interesting experience, a first for me. Last week, right outside my office building, which is outside the campus, someone from an English language news channel took a reaction from me on the budget. She said I would be on TV 'at 8 PM'. But then I do not get that channel at home. Its sister Hindi channel did not carry me. What do you think...I was glued to the TV. Because never have I been on that side of a camera with a mike pointed at me; for the record, by a good looking journalist. So, unless I was really on TV but missed it, those were five minutes of breath wasted that day.

But you get the picture? Bottom line is that I could work in peace.

I started at around 6 PM, did not care to look at the watch, only made a couple phone calls home to say I would be late and shot around two hundred pictures. I must have walked about three kilometers by the time I made my way back to the main gate. What I did not realise was that it was close to 10 PM when I checked out my 'personal items' on the security register. About four hours? You bet, it was time well spent.

Lest I forget, thanks D for your farewell lunch treat! It made my day.

2008-03-04

Separation Blues- The Final Episode

Three days to go before I walk my last walk out of office gates. Preparing farewell mailing-lists and customising the message for each list is keeping me busy on top of new commitments (believe it! I am sucker for it) at workplace. Meanwhile, getting greetings and goodbyes in return is reminding me that my days here are numbered, literally, "3-2-1".

A colleague who will be joining me at Ahmedabad pinged me to ask how it feels to be so close to the last day. I remarked that the thought is just about setting in and that I do not know how it would feel to wake up this Monday and realise that there is no office to go to.

True, that would be a new feeling. The only time I changed jobs, I worked till the Saturday and joined the current place on the immediate Monday. Sunday had gone in preparing for Monday. Never got time to think that the ship had left the shores in search of new ones, because the new shore was round the bend. This time, the ship is leaving shores seeking new oceans. The ship will not harbour for a long time. What will keep the ship going on is the truth behind-"Good timber does not come with ease. The stronger the wind, the stronger the trees. -Williard Marriot".

With such thoughts of optimism and with some realism drilled in by the brewing global economic situation (sorry for swinging from romanticism to pragmatism in the same breath!), I am counting down from 3. Next three days will be a series of review meetings, courtsey coffees, lunch, sign-offs, return-lunch and final sign-off. It will all go past in a whizz. In the midst of all this, I am planning a photoshoot of the campus around dusk. Let's see how that turns out.

2008-02-07

Cables and wars

Idle minds or devil's workshops, whatever you may call ours, but there seems to be some value in our paranoia, after all.

Last week, a friend and I were discussing about the 'yet to be officially acknowledged,by Fed Bank, but already heating up' recession in the US economy when the topic turned to how, apparently, wars have been fought just to revive or jumpstart flagging economies. Naturally, the discussion then turned to what the "Economic Hit men", if you may, would do to counter the stagflation lurking at US shores. It is widely prophesied that the impact of US recession would be minimal or marginal on the growth of emerging economies such as India.

Now, there is theory that wars in future would be not physical ones but more of 'intelligence wars', not in the sense of espionage but intelligence as relates to information and telecom technology pillaring economies. It leads to less bloodshed and, apparently, has more impact toward hampering the sustenance of normalcy in the enemy territory. The Internet, in such cases not only becomes a potential war ground, but an Achilles ‘heel for some economies. It was but natural for us to concur that stagflation and multiple cable damages were too much coincidental.

As far as the internet or the web is concerned, all roads lead to Rome. So, if something big goes down, it will probably slow down the flow of information, but networking technology will sustain the flow (with all disclaimers that apply). Apparently, this logic does not so easily apply to the Suez Canal cables. We were unaware of the criticality of 'these' cables.But looks like were not paranoid for no reason.

Read an article here to understand more about the nature and impact cable damages and to, at least to our surprise, know that we were not just dreaming out loud. Phew!

Einstein's point to ponder: "I am not sure how the third world war will be fought. But I am quite sure that the fourth one will be fought with bows and arrows."

2008-01-29

Global B-School rankings: Good news! And then some

Business school fraternities across India should be proud of the recent development in the MBA world. One of the best Indian B schools, ISB, Hyderabad, a path breaker in several ways has made it to the top 20 ranks among global B schools.Read the rankings here.

This development should add more shimmer to the 'India Inc shining' picture. Global investors are progressively looking at emerging markets for better returns. If experts are to be believed,the sole hope over the next year (with imminent US recession), lies in BRIC and other emerging markets, the only ones that can deliver least 18% returns. This, combined with the fact that an Indian B school has been ranked with the top league should make prospective international students think whether studying in an Indian B school and spending a part of their career in Asia is the way to go. The relative cost of education is low and opportunities aplenty.

ISB ought to be in the top schools list for several reasons, despite being young- the program structure, the composition of visiting international faculty, the corporate backing the school has, international alliances, the placement percentage (100%), and not in the least, the five-star facilities in the campus.

The article in The Times of India, read here, has quoted the methodology of computing the remuneration figure. Apparently, the average salary of $169,000 was arrived at by using Purchasing Power Parity (PPP). Now, the PPP between INR and USD is between 6 and 8, for such purposes as calculating remuneration and, well, spending power. This means that at ISB, the average Indian Salary is between INR 10.5 Lakhs and INR 13.52 Lakhs using the limits of PPP.

In general, however, the average salary is mostly misleading, for any school. This is because,by nature of average, a few distinguished top grossers will even out (or skew?) the impact of the many more at the lower end of remuneration scale. Median ought to be more representative but again may not comprehensive. But hey, all schools use the same logic, so we are on level ground here.Are we really, if we use PPP? Because, back home, when top schools report highest-salaries, they convert an international 'USD package' in INR by simply using the forex conversion rate, thereby launching the package into unbelievable stellar heights. That's another story altogether.

In any case, using average ,the numbers in other top Indian B-schools would be in similar range viz.IIMs- A, B and C, FMS, XLRI, SPJIMS. Barring IIM-B and FMS, other schools have a new 'international' one year program. The PGPX program at IIM-A and PGPEX at IIM-C for 'students with substantial experience' have reported 'average' INR 25 Lakhs and INR 20 Lakhs respectively. In terms of PPP, this will translate to an average minimum of USD 315,000 and USD 250,000 using a PPP of 8 (Obviously, 30% higher using 6). Like other aforementioned schools, IIM-A and IIM-C have a legacy of about 40 years and a wide international acceptance of their students and do not lack anything; except a five-star living, perhaps. So, why are these schools not in the list? Did they not participate?

This makes me wonder that in these schools, the people who teach marketing to the people who eventually run the businesses of the world ought to know better.So, why are they not telling? In fact, back home, in the more popular 'BusinessWorld' rankings, IIM-A and IIM-B have been only intermittently participating for the last 3 years.Most ranking sheets, nowadays,in India are based on student responses rather than statistics provided by schools and rarely, if any, by industry.

At the end of the day, the bottom line of any business school is as important as the lessons on bottom line they teach their students. ISB's marketing has left no holds barred. An example is the fact that even I, a prospective student of the past, have received an email from the dean of ISB about this successful ranking.

Nevertheless, with this success of ISB, the top B schools of the world will wake up to the challenge of Indian B schools. Congrats ISB!

Update: Read Rashmi Bansal's view point here. Something I noticed: Ms.Bansal's research has used PPP in a forward-count. This post used a backward-count. Hence, a small difference.

Further update: The reason that the other B Schools mentioned herein do not yet qualify at that level is the fact that in their programs, students with zero experience are also included. Programs exclusively for experienced students have not been running for 3 years.

Find PPP Conversion tables here

2008-01-22

Why we like Udayan Mukherjee:

Those who watch CNBC-TV18's 'India Business Hour' and 'Business Center' at dinner time, need no introduction to this smart face (Executive Editor) of the channel.

There have been times when I have thought Udayan Mukherjee (UM) is a super cool dude and times when I have also thought he is self righteous, but never condescending. Well, I am no great judge of people when a one way interaction happens over the Tube and the interaction is scripted and recorded. UM has the mannerisms of a seer, if I may say so. He speaks slowly in a way that the message is understood correctly, chooses his words carefully and during talk shows and interviews, UM is also very patient and under time constraints waits for the point be made by the other party. He displays the depth of analysis, insight and a lot of homework he would have needed and done before meeting the interviewee, a business honcho in most cases. He does not juggle around with jargon, any more than that needed to convey the technicals. Even so much sometimes flies over my head, but that's mea culpa, not the speaker's.

When you see the carpet of security get pulled out from under your feet, you need to understand from someone reliable, why it is happening. I may be exaggerating about the security part, but there is no doubt that I jumped up from my seat when I saw, in my portfolio, the 'blacks' becoming smaller and the 'reds' becoming deeper. Traders worry, investors don't; at least this one doesn't. Fundamental and blue chip investment is a 'horse for a long race', as they say in Indian parlance.

Yesterday, when the bloodbath happened in the markets, I was waiting for UM to speak out. UM said little yesterday about why of it, except the technicals of margin trading causing a bulk of the loss yesterday. Quite understandably, global cues from Dow and Nasdaq were missing, it being a weekend in The States. The cues would be missing today too, Monday being a holiday there. But, later today, surely the US would not go against a global wave of dipping indices?

In India, however, it was another day altogether. Cues from the eastern markets and the growing sense of uneasiness of the (already here? impending?) recession in the US economy and panic selling triggered by yesterday's losses, especially by those with muscle and those with short positions induced heavy selling, leading to the circuit breaking within a couple of minutes of the session opening. Many a fist has been wrung into the palm, many a tear shed and many a brow wiped by millions today. In the second half of a record smashing trading day, Bulls turned around the multitudes of 52-week lows and put brakws on the downslide , pulling the index up from, about -13% to -4.5%. If only, I were more liquid at this point in time, I myself might have added a nickel or two more.

It is at a time like this that one needs to drive home a simple message. One that this more of a reminder of a simple truth than a brainwave. Because it's "Just that our memories tend to be too short and our greed too much." (quoting the last line of UM's article today).Read here, UM's message today.
This article is one of several reasons why we like Udayan Mukherjee.

2008-01-17

Nano-voce-philia: Defined as...

...love of talking about Nano!

I am not a fanatic for the car per se but am for the principle behind it, for the alternatives Nano provides (still saying that it will be a big hot potato to swallow), the fundamentals it will change, utilitarian concept it embodies and frugal manufacturing technology it testifies. But for the record, I must admit that despite my fears about Nano, Nano is all over my mind. Nano is having an 'in your face' effect on me.

Nano is bound to change our lives and the signs are already showing. Here are some samples.

A recent article in the newspaper prophesied about the peripheral,in several meanings of the word,industries that will flourish in the shadow of Nano. Will not cheap (economical) accessories well embellish a cheap car? It also took a shot at how our conversations and attitudes and jargon would change to accommodate the shifts in paradigms that Nano would trigger. You might say I am progressively becoming a Nano-voce-philic (For good or bad, such people as yours truly like talking about Nano!). Now that is a word I made up. Is there a "Nano" word for someone who makes up Nano words? Nana-verbo-philic, perhaps? If you are getting the hang of it and think I am getting carried away, I have made my point.

If the masses get their bread should the 'nouveau' as well as the 'riche' not get their cakes? Dilip Chabbria has unveiled his impression of a car that could buy a hundred Nanos. Pegged at 1 crore, the rich man's space age answer to Nano will snub the masses with its antiNano philosphy. There in lies the irony: For the rich India, an answer to a frugal car is an extravagant car of similar dimensions with little else in common.

The irony also represents the socio-economic divide that has manifested in different forms in different cities. Be it the Bangalore-commons' quasi-despisal of those working in, literally, glass houses that are IT complexes. Opportunism, crime, harassment and verbal abuse against techies in Bangalore, Pune and other cities. It also shows up in the amplified pillage caused by mobs incited by any issue, the damage in which is mosty incommensurate to what one would expect in response(!) to the problem which triggered it in the first place.

Here is a more significant example of how Nano is raising its hydra-head even before it juggernauts onto the road ten months down the line. Read here about how Nano has upset another automobile manufacturer's grand plans. Electrotherm had a big idea of a small priced AutoRickshaw, but Nano would allow none of it. But as you would have read in the quoted article, ElectroTherm has plans of salvaging their project by converting the prototype into one that is electric and at the same time cheaper. Now, that is innovation driven by market forces. How often do we get witness that so closely and in the live?

We are in exciting times in India and, going by the international pulse, beyond. The show has just began. Nano has just entered the building.

PS: Now, would you call me a Nano-blogo-philic for that matter? Apologies to OUP for misusing the poetic license. For, officially, Oxford has done away with hyphenated words.

2008-01-14

Fueled by stupidity, we drive nowhere

An article in today's newspaper talks of certain obscene measures the local goevernment is contemplating in order to 'beat' the traffic woes that bring down every Bangalorean. Let's begin with how well you can recall your car number? Stumped? You will be, when you will need to remember what day it is and match it with the fact whether your car number is odd or even. Am I kidding? Apparently not, according to this article.

This is a clear case of the government trying to pass the buck to the already frustrated commuter of the Silicon Swamp that Bangalore has become. Traveling in your car even on weekends is akin to bicycling through a desert- slow and tiring and it doesn't take you far. After decades of lethargy, lack of planning and conservatism that translated into apathy to infrastructure requirements, the government has given the people of Bangalore what can be considered as an ever-make-shift arrangement around traffic. Caught in the sudden limelight of explosive growth driven by IT and ITeS influx and a never ending scramble between anti-development opposition 'leaders' and pro-development incumbents, the latter fails to deliver anything. Left headless without a government, the local authorities have come up with this stupid solution of letting people drive on alternative days. Some audacity that, taking people of Bangalore for a ride (no pun intended).

But is curtailing people from driving in a city that has no public transportation except bursting-at-the-seams, almost never on time, never ever enough bus system a befitting solution?

Some questions arise. Let's say your car has an even number and an emergency at home requires you to take your car out on a odd-car day. What should you do? Should you be allowed since a life is at risk? How easily can someone not fake an emergency? Would government vehicles be exempt from this rule? If people can be expected to fend for themselves, should the minister not lead the way and travel in a bus?

Why could the government be not thinking of ideas like that implemented in London? Out there, toll zones have been identified and the cars need to pay a steep toll to just drive through congested areas. The presence of technology companies seemed to have made no impact on the retrograde authorities of Bangalore.

The whole plan of alternate-day driving stinks of escapism and will lead to another series of half-hearted attempts to solve the problems that should have been addressed decades ago.

Quality of life in Bangalore in terms of commute is steadily declining with lot of help from the backward-looking attitude and indecisiveness of the powers that be. Impractical suggestions like curbing driving privileges only add insult to injury. Hiding behind the shield of 'it has worked in some European countries' the local bodies seemed to be pleading to be forgiven for failing to come up with practical ideas. This is the cost we pay for throwing out the corporates (PPP) with social-conciousness from the game.

This is exactly when I want to thank Ratan Tata for his Nano. Now, all I need to do is to buy a Nano, get it registered with an even number and I am good to go. I will drive my regular car on Mondays, Wednesdays and Fridays and the Nano on Tuesdays and Thursdays.

Hush, don't tell anyone about the Nano!

2008-01-10

El Nano Effect

Catapulting itself into the league of world-changing automobiles, Nano has rolled out of the portals of Tata Motors. Unveiled earlier today,apparently, to a roaring welcome, Nano will change India and in a way that will impact us for a long time to come.

With a lot of scepticism about the way this car will change Indian way of life, I had tried to surmise (read here and here) that India and Indians will come under a lot of pressure when this dream car becomes a reality. Saying something to the effect of 'a promise is promise' Ratan Tata has delivered a mean-mini-machine at an unprecedented and mere USD2700 unit price. Any doubts about India's technology around frugal manufacturing will be put to rest today, once the pictures start flashing around the car markets of the world; to be eventually buried when the car proves its performance on the road over the next few months.

Giving an unparalleled 50 Mile Per Gallon (test conditions?) for a petrol driven car with contemporary looks, Nano, will probably capture the imagination, interest and pockets of millions upon millions of Indians and other third-world-ians. At the same time it will set, if it proves true, new benchmarks. I am doubtful about this last part since the basic tenet of Nano has been to be a cheap car; no great shakes about creating a lean-burn technology.

However, the little beauty, on the face of it, has much to offer. Tata's ever expanding dealer and service network will carry this car into the remotest corners of the country. That is a big problem, because this car will also probably spread in the urban landscape like a forest fire. And when that happens, every square inch of tarmac on our narrow deficient streets will cry for mercy and the people behind wheels beg for redemption. Well, that may be a little too dramatic, but the fact remains that if this car succeeds the way it ought to for TATAs to breathe easy and the way it looks ready to, Indian way of traffic management, infrastructure support in terms of roads, bridges and parking space will first collapse, then taking us through months and years of failure, regret and disillusionment, deliver us to something innovative.

I have very little faith left in me about how Bangalore will survive the deluge (just wait and watch) that Nano will unleash. Nano will change our lives by challenging the administration to better itself.

Since road will be so packed, is this the right time to think about a cheap helicopter, may be for for a million rupees or two. Meanwhile get ready to face a huge demand-supply crack in petrol once the millions among us get enticed by the economy-dream-come-true Nano. Small Car.Big dreams.Bigger Pains.

Nevertheless the boldness behind a concept-realised, yet to be tested on road, is commendable.

Watch videos here.

See pictures here.

Tata Small Car Website is here

2008-01-04

Big little things

A non-working day in the middle of the week works like a charm. Doubling the joy, I chose to not work on the first day of the new year,only an optional holiday. How precious is that?

That evening, after a long time, we thought we should ride around the countryside on our bike. It's always a pleasure to ride an Enfield. The drive took us to the Anekal lake and presented us with a carmine sunset over the still shallow waters. Confined to the corridors of Vastrapur campus for the latter part of the year, I think will only be able to look back at life's little pleasures such as watching a painted sky withdraw out of horizon like expensive silk sliding off a dark rosewood table inscribed with glitter. At the end of the clear day, the colours lingered even as we turned our backs and chugged on.

Rolling down the unusually slug (many offices in E-city were not working, we guessed) and therefore pleasant Hosur Road, we made our way yet another time to our deary chinese eating place China Pearl. Finding it too early to sit down for dinner and moreover needing to stretch our legs after a fifty kilometer ride, we decided to take a walk on the street. That is when my wife's slipper broke (Who listens to unsolicited advice on apt footwear for a bike ride?). A little late for a cobbler to be open, we realised, when after hunting down a repair shop found it shut. My offer to replace broken slippers with new ones was gently declined, as there were 'many pairs unused yet'.While S was dragging her right foot along, I was trying figure out how the slipper could be revived for a couple of more hours.

They say something about necessity bearing ideas, but I will qualify it as simple improvisation. An idea sprung up when we were passing by a tender-coconut seller. When I was a kid , I remembered, there was a neat way in which the tender-coconut seller would tie up two tender coconuts by using strands drawn out of the green damp shells of each of those and hang the pair over the bar of my bicycle. I still remember how the knot would survive the bumps on the road and needed to be scissored to be undone. So, there it was- an idea hanging over a pile of tender coconuts. The strands from the green shell of the coconut could be used as a makeshift tie for the broken slipper. The fix would also be inconspicuous. But even as I was explaining to the lady who was clasping a sickle about how she could help us with the the broken slipper, she offered other ideas such as giving us a safety pin. But the design of the fancy slipper would not allow a pin to fix things, so we declined and we went ahead with our idea of stringing up the slipper with the juicy strands. We were good to go!

Dinner was delectable, as expected. We have some favourites which we mix and match with new items on the menu. China Pearl has never disappointed us.

Something strikes me when I think about the evening. The eagerness of the lady to help in the situation is commendable. I do not mean to make a big deal of a safety pin offer. It is the attitude that is in point. I am sure she endures a lot of flack from the street and the public on a daily basis and it leaves a bitter taste in her mouth. And here we were talking to her at the end of her rough day explaining a weird patch-up I was attempting on the broken slipper. She was cool and eager to listen. May be, then again, only I do not meet such enthusiastic people so often.

Or am I becoming progressively cynical about people and expecting very little? Then again , may be she values human interaction. How many times do we try and listen to anything a stranger has to ask of us? Thoughts of mugging and mooching ensnare us (I will concede to the part-truth behind this). Technology is a useful raider. It robs us of basic interactions with the lure of productivity and efficiency. How many times do we walk down to our colleagues instead of picking up the phone and getting it done? How many of us know our support staff on first name basis?

Anyway, her help was appreciated and we let her know that.For the records, the slipper lasted till it was retired out to the corner of the shoe box.

I relearned, in more ways than one in the evening, that it's the little things that make life livable.

2008-01-03

Separation Blues

A couple of months from now, I will be seeing the last(For now? For ever?) of the place that was, as is more common in this industry, like it or hate it, second-home for the last six years. Nice! Now, I have said it! I was not concious of how much this workplace might have come to grow on me, even until after I triggered off the workflow of my separation.I did not get a full night's sleep yesterday; and that's when I knew. May be it's coming out now. (Just a nice word it might be for resignation, but the intranet application for this purpose is actually called 'Separation'.)

I do not like the word 'quit', because I am really not quitting anything here. I also do not like the word resign in any meaning of it except that which implies 'give up a possession'. Because, not sure whether my employer saw it that way, all along I took my job and workplace personally. I made many mistakes on the way;but did not stumble upon them again. I travelled to many new places, made many friends and worked with some dynamic managers and, though did not contribute much to them, operated closely with some considered as thought-leaders within the company and outside.

I will miss several things. Foremost among them is the pristine campus that has all the comforts of a resort, if not home. This facility for more than twenty thousand people has two bank branches, close to a dozen ATMs, 5 food courts with more than 35'eateries' of all cusines, a pizza place, an upscale buffet-garden restaurant,two gymnasia, a swimming pool, tennis, basketball and volley ball courts, a brand-store for apparel and accessories, a photo studio and camera shop, a printing shop, a grocery store, a computer store, two beauty salons, two cellphone shops, several travel agencies, a couple of easy-bill-pay centers, a meditation room, a clinic and my hangout- a book store. Apparently, this green campus is home to more than 80 species of birds and more than as many varieties of plant and trees. I am sure I have missed a few things in the list.

I will miss the youthfulness that drives this place. Six years ago, I added to lowering the average age at this place. Today, I am dragging the average higher, but the place has only grown marginally older in those terms. There is at least one major event happening in any given week, making it the most happening place for many people I know. I will miss the sense of comfort that entered me the minute I entered my own 'manager's cube'; my personal fifty square feet.

I will miss the kiss of the spray, on the walk back from the gym, from the sprinklers turned on after sun down. I will miss the reflections of the crimson skies on thousands of glass panes on over fifty architectural expressions. I will miss the silhoutte of the library dome. On a rainy day, I will miss the waves of green-white-and-blue umbrellas with 'Ozone' (an internal eco-club) written on them. I will miss the Fridays that break the monotony of formal wear with an explosion of casual colors.(Out here, we 'boyz' say- No matter what season, here, it's Spring on a Friday).

When passing by Building 1 (quite aptly the corporate block), there would be a mild sense of anticipation of catching a glimpse of a corporate or international digintary or even one of our own IT gurus. Because, rarely have I walked the same ground as a leader whose words and values are sought after by an international audience. Working within walking distance of moguls never become second nature to me.I will miss that sense of expectancy.

I will also miss the inanities of the johnny-come-latelies who fall up from the comfort of their homes in to the comfort of this workplace and then complain about what more they want! I will miss such inanities like I would miss a Peter Seller's movie; something to to laugh back upon.

Of course there are a few things I will not miss and would rather forget, but I am not one to regret.

Simply because, yesterday is not coming back and I have tommorrow to take on.

2008-01-01

Review of 'I am Legend'

Watching deers being chased down Broadway and coming face to face with a pride of lions at Times Square leaves you with a weird feeling. With grass covering the criss-crossing streets and avenues of Manhattan, the ground zero in the movie, one feels breathless at desolate high-rises of the city that we know as one that never sleeps.

The hunter is Robert Neville,circa 2012, the 'saviour' doctor-scientist who refused to leave the quarantined isle for larger than life reasons. He, along with his dog, Samantha, and a few loaded cars tries to maintain sanity in the face of devastation and isolation three years into the aftermath of an experiment-gone-wrong, which blotted out 99% of the human population, all the while carrying out tests to find a cure for the infection caused by KV.

The imagery is no doubt computer generated (CGI) and mostly great, except may be the 'infected human beings' or 'creatures'. The images instantly remind you of the hyper-aggressive men and women of 'The 28' movies (find more here).But this is where the similarity ends. While the goriness of The 28- creatures was a result of the immense effort of make-up artists, the creatures of 'I am Legend' are plastic and viewers can see through the CGI.

The story and the screenplay do not dissapoint you. Pyrotechnics (CGI?) are breathtaking. Keeping you on the edge of your seats, the movie has several chilling moments. Will Smith's potrayal of Neville, especially one dealing with personal loss is commendable. The emotions are touching and the horror real. Learning to create a make-believe 'normal' life, Neville, seemingly starts losing it towards the turning point of the movie. Smith's performance parallels that of Tom Hanks in Castaway. The two roles are collimate in the demands they make on the actors. If there was any doubt before, this movie should put Smith up there in the league of top drama actors. This is a Will Smith movie to the last shot.

The movie is a metaphor for the perils of indiscriminate genetic engineering and of 'man playing god'. The mistaken success of one doctor leading to a legendary quest for finding a cure for it by another makes the movie watchable for the indomitable human spirit the picture encapsulates. The climactic plea 'I can cure you, just let me help you' falling on deaf ears might as well represent the reality of today where man torn between ethics and technological prowess is underestimating downstream impact of his actions on the earth and life on it. There is bound to be some collateral dammage when one man risks his life in consummation of his quest for discovering and defending the cure. It makes him a legend.

The movie is worth a watch. I blame it on the New year's eve that the movie hall was not full(85% occupancy). I see little reason why people with a stomach for gore and scare should not like it. For the imagery and the theme, the movie has been rated A.