Today, when I was doing some browsing about the success factors for a successful M&A for Indian companies, JLR came to my mind. I first came across a research report by an Investment bank and then a project report by some IIT/IIM students. I was shocked that these project reports were copied word by word from the Investment bank report.
http://www.slideshare.net/purval/tata-motors-jlr-deal-part2
http://www.scribd.com/doc/9156583/Merger-and-Acquisition-Tata-Jlr-garg
These students would have been turned out of school if it would have been any global Business or Technology school. There is zero (and it is definitely 0) tolerance for plagiarism at any top school, but that is not the case at premium schools in India.
Well I never want to badmouth the so called premium institutes in India but then this does not mean that we become irrational. They are degrading in quality and reports about this degradation are surfacing in media. Just 2 days ago, Jairam Ramesh spoke something, which everyone knows – “Faculty and Research at IIM’s and IIT’s sucks”. There were reports of IIT’s thesis being copied and other. IIT Kanpur recently was in media for a copied thesis case. 2 days ago Sandeep Dikshit voiced the same about a reputed college.
Hope Kapil Sibal, Minister – HRD is listening and start doing something radical instead of fighting with Jairam Ramesh..........Ha Ha .......I am definitely away from any politics
Saturday, May 28, 2011
Monday, May 16, 2011
What I learnt most from my MBA?
1. Structuring of my thought process - I was doing a lot of Stakeholder management in HPCL. But I was doing it based on my intuition. During my MBA, I learnt how to identify relevant stakeholders, prioritize them and map their actions based on incentives.
2. Holistic View - I used to see business as marketing and sales in Silos, but I learnt in my MBA that they are just a tiny cog in the whole business dynamics, which involves a lot of interactions between various business functions. For Example, Finance is an important consideration for designing marketing strategy to fix margins and potential investments
3. Global View - My international colleagues and my Exchange provided me an opportunity to gain view of the world as a whole. I was able to appreciate the impact of the financial crisis in Europe, by seeing their state welfare programs. On business front also, I was able to appreciate why Germans are so competitive that rest of Europe- It is the presence of the unions on the secondary board of companies.
2. Holistic View - I used to see business as marketing and sales in Silos, but I learnt in my MBA that they are just a tiny cog in the whole business dynamics, which involves a lot of interactions between various business functions. For Example, Finance is an important consideration for designing marketing strategy to fix margins and potential investments
3. Global View - My international colleagues and my Exchange provided me an opportunity to gain view of the world as a whole. I was able to appreciate the impact of the financial crisis in Europe, by seeing their state welfare programs. On business front also, I was able to appreciate why Germans are so competitive that rest of Europe- It is the presence of the unions on the secondary board of companies.
Monday, May 02, 2011
Is Recession Round the corner?? - Part 2 (Slowdown)
This is in reference to my earlier article on recession. Now I am bit convinced that India is on edge of a slowdown at least for the moment
http://luckylehana.blogspot.com/2011/04/is-recession-round-corner.html
Consider these
1. Real Estate Slump – After a booming 2010, there is considerable overcapacity in Real Estate, which have been responsible for revival of downstream industries such as Steel and cement.
Cement have already shown that the overcapacity will push the margins downwards
http://www.moneycontrol.com/news/business/india-cement-sector-to-see-overcapacity-aheadfitch_437483.html
A very good note
http://www.thinkindia.net.in/2010/08/an-unreal-market-.html
I have myself taken note of the situation – The labor costs are cutting the margins of the small business owners
2. Governance Issues – I think (my personal opinion) Congress is responsible for many of the woes India has currently. I have lost the count of the scams and Congress leaders are still hiding around (including Manmohan, Sonia and PC). They are shedding their responsibilities by playing aloof.
Anyway, I think there are more 2G, CWG, Adarsh in the bag.
3. Outflow of Funds – India is the only BRIC country to have net outflow by FII in 2010-11. This indicates that the FII does not believe in the Indian story or they are scared away by the 2G, CWG etc
4. Inflation – I don’t buy the contention the inflation in India is only due to poor Supply Chains. Having seen the loosing of purse by the Government in 2008-09 for the cheap lending and popular schemes, I am convinced that wrong fiscal and monetary policies are responsible for this monster
I consider Inflation as the worst factor to derail the Indian growth story.
Inflation is nothing but redistribution of wealth. Inflation makes worth of the currency you hold to tumber but increases the worth of the land and the house you are building to increase. A real estate developer (assuming input prices takes time to increase) gains in real terms through inflation but the workers and the engineers working for him loses in real terms through inflation. So, inflation is equivalent to shifting of economic benefits from a lagging earner to a leading earner.
Unfortunately, increase in wages is a lagging indicator in economic recovery. Hence, wage earners will be the one, who will suffer the most in an inflation cycle.
http://luckylehana.blogspot.com/2011/04/is-recession-round-corner.html
Consider these
1. Real Estate Slump – After a booming 2010, there is considerable overcapacity in Real Estate, which have been responsible for revival of downstream industries such as Steel and cement.
Cement have already shown that the overcapacity will push the margins downwards
http://www.moneycontrol.com/news/business/india-cement-sector-to-see-overcapacity-aheadfitch_437483.html
A very good note
http://www.thinkindia.net.in/2010/08/an-unreal-market-.html
I have myself taken note of the situation – The labor costs are cutting the margins of the small business owners
2. Governance Issues – I think (my personal opinion) Congress is responsible for many of the woes India has currently. I have lost the count of the scams and Congress leaders are still hiding around (including Manmohan, Sonia and PC). They are shedding their responsibilities by playing aloof.
Anyway, I think there are more 2G, CWG, Adarsh in the bag.
3. Outflow of Funds – India is the only BRIC country to have net outflow by FII in 2010-11. This indicates that the FII does not believe in the Indian story or they are scared away by the 2G, CWG etc
4. Inflation – I don’t buy the contention the inflation in India is only due to poor Supply Chains. Having seen the loosing of purse by the Government in 2008-09 for the cheap lending and popular schemes, I am convinced that wrong fiscal and monetary policies are responsible for this monster
I consider Inflation as the worst factor to derail the Indian growth story.
Inflation is nothing but redistribution of wealth. Inflation makes worth of the currency you hold to tumber but increases the worth of the land and the house you are building to increase. A real estate developer (assuming input prices takes time to increase) gains in real terms through inflation but the workers and the engineers working for him loses in real terms through inflation. So, inflation is equivalent to shifting of economic benefits from a lagging earner to a leading earner.
Unfortunately, increase in wages is a lagging indicator in economic recovery. Hence, wage earners will be the one, who will suffer the most in an inflation cycle.
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