Just an hour ago, US Dolloar (aka Treasury) is downgraded for the first time by US based agency - S&P. Though it has already been downgraded by the biggest investor in US economy - China. When this happened some 6 months ago, almost all my American Classmates at my Alternative investment class, in Kenan Flagler Business School, UNC were of the opinion that this is none-sense and nobody cares a damn about Chinese downgrade.
I argued a bit but then there were people, who believe that they have better knowledge of the financial world. This points out one of the biggest problems with US business Schools Graduates. They operate as just like Muslim Ghetto's and believes the world outside the ghetto is stupid. THANK GOD, I went to CEIBS to get broad outlook of world rather than narrow US based outlook of world.
Anyway, its time for some quick buck. I am sure many long-short macro funds would have milled millions by now.
Monday, April 18, 2011
Sunday, April 17, 2011
Unemployed from last 2 years
Last 2 years have been wonderful journey. I went to CEIBS for my MBA with both sweet and bitter experience. This included a brief stint of 5 months to US at Kenan Flagler Business School, University of North Carolina.
From last 2 years, I have been away from the regular hectic life of being in a job and doing something which you do not enjoy sometimes. Last 2 years were bit unique in the sense that I was doing only what I really want to do. For Example - I did 3 internships during my MBA and 4th just after my MBA. This is sort of a record but I really liked working on these small projects. I believe that I have created strong impact in 2 of my internships.
This made me to realize that this unemployment of last 2 years have made me to realize something unique about me that I yearn for and enjoy creating impact. The next big challenge would be to maintain the same enthusiasm of creating impact in short span of time, when I join a new job.
I thank my luck for being unemployed for last 2 years.
From last 2 years, I have been away from the regular hectic life of being in a job and doing something which you do not enjoy sometimes. Last 2 years were bit unique in the sense that I was doing only what I really want to do. For Example - I did 3 internships during my MBA and 4th just after my MBA. This is sort of a record but I really liked working on these small projects. I believe that I have created strong impact in 2 of my internships.
This made me to realize that this unemployment of last 2 years have made me to realize something unique about me that I yearn for and enjoy creating impact. The next big challenge would be to maintain the same enthusiasm of creating impact in short span of time, when I join a new job.
I thank my luck for being unemployed for last 2 years.
Sunday, December 26, 2010
Role of JD in Organization Development
This was posted on Job website and I was really excited to see this as - How important is the role of the correct JD.
Good to read..........
JOB OBJECTIVE
I ensure that I maintain sustainable customer satisfaction, development of my teams and economic performance
JOB DUTIES
I decide on my commercial policy, my layout plans and my products and services offer
I build and mobilise my team in order to carry out our commercial policy
I develop the skills and abilities of my team, I prepare business managers
I sell a range of products/ services adapted to the needs of my customers
I build and lead a layout based on Free Will Better Choice
I guarantee the quality of my stock: correct stock available for my customers
I boost sales and guarantee the profitability of my activity
I guarantee the safety of people and of goods
PERFORMANCE INDICATORS
Progression of my sales
Progression of number of customers
Number of team member promoted
% Department Safety Basics
SKILLS TO DEVELOP
Lead my commercial policy by sport
• I create my commercial policy by sport in line with the local market
• I involve and mobilise my team around my commercial policy, I lead its implementation in the field
• I am always monitoring my local market and regularly enrich my commercial policy
• I organise commercial operations in store as well as mini events to encourage customers to discover new sports or products at the heart of my commercial policy
• I develop personalised communication with my card-holder customers
• I communicate exclusive personalised offers (products/services) to my card-holders
Build and mobilise my team
• I decide on the personnel structure of my team in line with my commercial policy and seasons
• I recruit sporty, vibrant, helpful, reliable people with a long-term vision (breeding tank for potential)
• I talk to my team as a group every 4 weeks to involve everyone in decision making and bring our commercial policy to life
• I celebrate successes
Develop the autonomy of every team member, help them grow
• By paying attention to things and people on a daily basis, I transfer my passion and high standards into the field
• Each new team members has an induction, I tell him his responsibilities and train him in job basics (JIM)
• I manage a personal development plan and reinforce the know-how gained in training when working in the field
• I ensure that my team is trained in the fundamentals (Layout-Supply and priority products)
• I develop the skills of other team members in the field through individual decision interviews every 4 weeks
• I carry out annual activity interviews with all team members and we create a personal development plan.
• I support each team member's project, I prepare and release future company managers
Forecasting and developing my economic activity
• I get my manager to approve my annual objectives (commitments, wishes) then I carry them out with my team.
• I ensure I always have reliable forecasting for my economic activity
• I debrief my monthly operating account and manage relevant action plans
• I quickly put action plans into place if my objectives are not met.
• I guarantee a human structure that is matched to my commercial policy and economic targets
• I ensure that rotas are designed to fit with customer flow and my organisation
Selling through layout
• I build sellable, technical and seasonal layout plans which reflect my commercial policy
• I decide on my range choices in line with my layout and economic plans
• I build and animate my layout according to my economic performance
• I periodically train all team members in their Satisfied Customer Family
• I ensure the facing is perfect at all times and the environment is clean and tidy
• I guarantee a 100% Self-Informed Best Choice layout, respecting merchandising principles
Supplying my layout
• I manage correct stock as a priority: target visible stockouts and check risk references on a weekly basis
• I guarantee automatic supplies: stock adapted to the needs of my customers (the right stock)
• I manage my start, peak and end of season (check family cover, min display, L.cap...) and plan implantations for commercial operations
• I boost the profitability of my stock by prioritising targeting dormant stock (900 000...)
• I manage and ensure the quality of inventories for my departments and good management of flows of merchandise
Selling through customer contact
• I fully understand the technical features and uses of the products/services in my range
• I lead my team in the field to offer every customer personalised service
• I ensure and manage my team's skills for selling products and services in the field
• I organise my team to be available to customers to suit my activity
• I ensure that a suitable solution is offered to every customer in all circumstances
• I ensure that all customer comments are taken into account (listen and feed back if necessary)
Boosting sales
• I choose my prices to permanently maintain my price position: the least expensive in the area
• I continuously mobilise my team regarding availability and promotion of best sellers (5/40 - 20/80)
• I boost vectors for trade such as OPECO - Starweek - aisle heads -multi implantation
• I ensure that my hero products take centre stage (innovation, media advertising...)
• I develop e-commerce for my departments
• I measure weekly performance (PnL - run sales) and implement concrete, measurable action plans I deal with my commercial alerts
• I ensure the essentials in terms of commercial regulations
Improve the efficiency of our organisation to raise customer satisfaction
• I involve and mobilise my team to make us more efficient every day (target problems)
• I guarantee effective return to peg organisation to improve availability for customers (receipt of goods - implantation in department)
• I develop and support multi-skilled team members
• I always create a weekly and daily timetable to set a good pace and optimise our activity
• I always make customer satisfaction a priority in my store: work on the till, share welcome….
Ensuring the safety of people and of goods
• I guarantee department safety basics: DSB debrief to my operational manager and store manager
• I know and enforce the prevention and action rules concerning fire and evacuation
• I apply and make sure others apply all security procedures (for people, merchandise and cash), I play an active role in combating losses
• I guarantee that the product safety policy is in place (safety recalls, withdrawals, 100% traceability for safety risk products, regulatory standards for bikes and bindings, expiry dates...)
• I communicate daily about operating problems and I deal with them
• I always ensure efficient store operation
Guaranteeing standard personnel management
• I guarantee that the correct recruitment procedures are followed, and that all contracts and amendments are legal
• I take advantage of any employment legislation that enables Decathlon to benefit from financial assistance
• I ensure that legal requirements are adhered to in terms of hours worked (display rota, legal time limits...)
• I enter the elements needed for correct payment of my team (hours, bonuses, etc.) in good time
• I explain the pay slips and bonuses to my team members each month
COMPLEMENTARY SKILLS TO DEVELOP
Developing skills via instructorship
• I am a reference for skills and abilities (approved every 2 years at regional/country level)
• I write my mission with dated quantitative and qualitative objectives and I regularly debrief my manager
• I am independent regarding managing my training (planning, organising)
• I train in the field, I reinforce know-how and have an official debrief with my manager
• I support department managers in teaching product/job skills
• I am available for training in other stores, regions, countries
Good to read..........
JOB OBJECTIVE
I ensure that I maintain sustainable customer satisfaction, development of my teams and economic performance
JOB DUTIES
I decide on my commercial policy, my layout plans and my products and services offer
I build and mobilise my team in order to carry out our commercial policy
I develop the skills and abilities of my team, I prepare business managers
I sell a range of products/ services adapted to the needs of my customers
I build and lead a layout based on Free Will Better Choice
I guarantee the quality of my stock: correct stock available for my customers
I boost sales and guarantee the profitability of my activity
I guarantee the safety of people and of goods
PERFORMANCE INDICATORS
Progression of my sales
Progression of number of customers
Number of team member promoted
% Department Safety Basics
SKILLS TO DEVELOP
Lead my commercial policy by sport
• I create my commercial policy by sport in line with the local market
• I involve and mobilise my team around my commercial policy, I lead its implementation in the field
• I am always monitoring my local market and regularly enrich my commercial policy
• I organise commercial operations in store as well as mini events to encourage customers to discover new sports or products at the heart of my commercial policy
• I develop personalised communication with my card-holder customers
• I communicate exclusive personalised offers (products/services) to my card-holders
Build and mobilise my team
• I decide on the personnel structure of my team in line with my commercial policy and seasons
• I recruit sporty, vibrant, helpful, reliable people with a long-term vision (breeding tank for potential)
• I talk to my team as a group every 4 weeks to involve everyone in decision making and bring our commercial policy to life
• I celebrate successes
Develop the autonomy of every team member, help them grow
• By paying attention to things and people on a daily basis, I transfer my passion and high standards into the field
• Each new team members has an induction, I tell him his responsibilities and train him in job basics (JIM)
• I manage a personal development plan and reinforce the know-how gained in training when working in the field
• I ensure that my team is trained in the fundamentals (Layout-Supply and priority products)
• I develop the skills of other team members in the field through individual decision interviews every 4 weeks
• I carry out annual activity interviews with all team members and we create a personal development plan.
• I support each team member's project, I prepare and release future company managers
Forecasting and developing my economic activity
• I get my manager to approve my annual objectives (commitments, wishes) then I carry them out with my team.
• I ensure I always have reliable forecasting for my economic activity
• I debrief my monthly operating account and manage relevant action plans
• I quickly put action plans into place if my objectives are not met.
• I guarantee a human structure that is matched to my commercial policy and economic targets
• I ensure that rotas are designed to fit with customer flow and my organisation
Selling through layout
• I build sellable, technical and seasonal layout plans which reflect my commercial policy
• I decide on my range choices in line with my layout and economic plans
• I build and animate my layout according to my economic performance
• I periodically train all team members in their Satisfied Customer Family
• I ensure the facing is perfect at all times and the environment is clean and tidy
• I guarantee a 100% Self-Informed Best Choice layout, respecting merchandising principles
Supplying my layout
• I manage correct stock as a priority: target visible stockouts and check risk references on a weekly basis
• I guarantee automatic supplies: stock adapted to the needs of my customers (the right stock)
• I manage my start, peak and end of season (check family cover, min display, L.cap...) and plan implantations for commercial operations
• I boost the profitability of my stock by prioritising targeting dormant stock (900 000...)
• I manage and ensure the quality of inventories for my departments and good management of flows of merchandise
Selling through customer contact
• I fully understand the technical features and uses of the products/services in my range
• I lead my team in the field to offer every customer personalised service
• I ensure and manage my team's skills for selling products and services in the field
• I organise my team to be available to customers to suit my activity
• I ensure that a suitable solution is offered to every customer in all circumstances
• I ensure that all customer comments are taken into account (listen and feed back if necessary)
Boosting sales
• I choose my prices to permanently maintain my price position: the least expensive in the area
• I continuously mobilise my team regarding availability and promotion of best sellers (5/40 - 20/80)
• I boost vectors for trade such as OPECO - Starweek - aisle heads -multi implantation
• I ensure that my hero products take centre stage (innovation, media advertising...)
• I develop e-commerce for my departments
• I measure weekly performance (PnL - run sales) and implement concrete, measurable action plans I deal with my commercial alerts
• I ensure the essentials in terms of commercial regulations
Improve the efficiency of our organisation to raise customer satisfaction
• I involve and mobilise my team to make us more efficient every day (target problems)
• I guarantee effective return to peg organisation to improve availability for customers (receipt of goods - implantation in department)
• I develop and support multi-skilled team members
• I always create a weekly and daily timetable to set a good pace and optimise our activity
• I always make customer satisfaction a priority in my store: work on the till, share welcome….
Ensuring the safety of people and of goods
• I guarantee department safety basics: DSB debrief to my operational manager and store manager
• I know and enforce the prevention and action rules concerning fire and evacuation
• I apply and make sure others apply all security procedures (for people, merchandise and cash), I play an active role in combating losses
• I guarantee that the product safety policy is in place (safety recalls, withdrawals, 100% traceability for safety risk products, regulatory standards for bikes and bindings, expiry dates...)
• I communicate daily about operating problems and I deal with them
• I always ensure efficient store operation
Guaranteeing standard personnel management
• I guarantee that the correct recruitment procedures are followed, and that all contracts and amendments are legal
• I take advantage of any employment legislation that enables Decathlon to benefit from financial assistance
• I ensure that legal requirements are adhered to in terms of hours worked (display rota, legal time limits...)
• I enter the elements needed for correct payment of my team (hours, bonuses, etc.) in good time
• I explain the pay slips and bonuses to my team members each month
COMPLEMENTARY SKILLS TO DEVELOP
Developing skills via instructorship
• I am a reference for skills and abilities (approved every 2 years at regional/country level)
• I write my mission with dated quantitative and qualitative objectives and I regularly debrief my manager
• I am independent regarding managing my training (planning, organising)
• I train in the field, I reinforce know-how and have an official debrief with my manager
• I support department managers in teaching product/job skills
• I am available for training in other stores, regions, countries
Wednesday, December 08, 2010
Tuesday, November 30, 2010
Saturday, November 27, 2010
Communication Nation: The long tail strategy
Internet is a wonderful tool. It has enabled certain industries such as Music to maintain long tail strategy with low cost. Some of the obscure products (long tail), you can only find on online sites.
By seeing the growth of E-Commerce in Retail sector, I really search for reasons why such a concept is not successful in India. We dont have Taobao, Alibaba, Amazon, Ebay.........
Communication Nation: The long tail strategy
By seeing the growth of E-Commerce in Retail sector, I really search for reasons why such a concept is not successful in India. We dont have Taobao, Alibaba, Amazon, Ebay.........
Communication Nation: The long tail strategy
Friday, November 26, 2010
DE Shaw And The Richest Man In India Might Partner To Enter Banking
Is there really so much of Energy related securities trading in India. I doubt about the volumes.
But yes for other securities such as MF and PE, its a good idea
Word is that DE Shaw would help Mukesh set up:
energy and carbon trading
energy and carbon derivatives
private equity
mutual funds
other security-linked products
Read more: http://www.businessinsider.com/de-shaw-and-mukesh-ambani-might-partner-to-enter-banking-2010-6#ixzz16Q7tg6rc
DE Shaw And The Richest Man In India Might Partner To Enter Banking: "Word is that DE Shaw would help Mukesh set up:
energy and carbon trading
energy and carbon derivatives
private equity
mutual funds
other security-linked products"
But yes for other securities such as MF and PE, its a good idea
Word is that DE Shaw would help Mukesh set up:
energy and carbon trading
energy and carbon derivatives
private equity
mutual funds
other security-linked products
Read more: http://www.businessinsider.com/de-shaw-and-mukesh-ambani-might-partner-to-enter-banking-2010-6#ixzz16Q7tg6rc
DE Shaw And The Richest Man In India Might Partner To Enter Banking: "Word is that DE Shaw would help Mukesh set up:
energy and carbon trading
energy and carbon derivatives
private equity
mutual funds
other security-linked products"
Rich B*** - Top 10 Rich Lists (2005-2010)
Excellent Revelations about building up success and creating Wealth in between
Keep your perspective or your stress level will rocket beyond your control
Build wealth as a by-product of your business success.
If wealth is your only object in business, you will probably fail.
Wealth is only a benefit of the game. If you win, the money will be there.
If you lose, and you will from time to time if you play long and hard enough, it must have been fun or it was not worth it.
Rich B**** - Top 10 Rich Lists (2005-2010): "Keep your perspective or your stress level will rocket beyond your control"
Keep your perspective or your stress level will rocket beyond your control
Build wealth as a by-product of your business success.
If wealth is your only object in business, you will probably fail.
Wealth is only a benefit of the game. If you win, the money will be there.
If you lose, and you will from time to time if you play long and hard enough, it must have been fun or it was not worth it.
Rich B**** - Top 10 Rich Lists (2005-2010): "Keep your perspective or your stress level will rocket beyond your control"
Wednesday, November 24, 2010
CEIBS Graduate - Jobless and searching for Job (My Current Status )
CEIBS Graduate - Jobless and searching for Job (My Current Status )
Though I sometimes feel sympathetic over my current status, but still have high hopes.... with news like these
CEIBS MBA Grads Snapped Up By Employers This Year, Shanghai School Says - Russell Flannery - China Wealth - Forbes
CEIBS MBA Grads Snapped Up By Employers This Year, Shanghai School Says - Russell Flannery - China Wealth - Forbes
Though I sometimes feel sympathetic over my current status, but still have high hopes.... with news like these
CEIBS MBA Grads Snapped Up By Employers This Year, Shanghai School Says - Russell Flannery - China Wealth - Forbes
CEIBS MBA Grads Snapped Up By Employers This Year, Shanghai School Says - Russell Flannery - China Wealth - Forbes
Monday, November 22, 2010
Why "Aligning" Sales and Marketing Never Works | BNET
An honest admit by a Guru. Most important - Marketing has been so blown up out of proportion by the Management Professor's such as Druker et all.
Why "Aligning" Sales and Marketing Never Works | BNET
Why "Aligning" Sales and Marketing Never Works | BNET
Damn Cool Pics: Girls of The Israeli Army - Part 2
Indian Girls should emulate these instead of Bollywood...........
Damn Cool Pics: Girls of The Israeli Army - Part 2
Damn Cool Pics: Girls of The Israeli Army - Part 2
Monday, November 15, 2010
India Economic Summit: Are There Any Good Deals Left? - India Real Time - WSJ
Reality Bites.....India and China have already become overpriced in public and big PE Deals. That is why many PE firms are pushing for small and more illiquid deals.
ICICI new Push for $15m deals
India Economic Summit: Are There Any Good Deals Left? - India Real Time - WSJ
ICICI new Push for $15m deals
India Economic Summit: Are There Any Good Deals Left? - India Real Time - WSJ
Wednesday, November 10, 2010
Mark Yusko - Great Thinker
UBS Wealth Management
http://www.youtube.com/watch?v=_OiO5Avv3bw
http://www.cnbc.com/id/15840232?video=795497458
http://www.youtube.com/watch?v=_OiO5Avv3bw
http://www.cnbc.com/id/15840232?video=795497458
Monday, November 08, 2010
Historical time line of PE secondary Market
Though the article is backdated as it does not include the PEFOX, it is a good chronology of the evolution of Secondary market.
Private_equity_secondary_market encyclopedia topics | Reference.com: "ere is a robust and maturing secondary market available for sellers of p"
Private_equity_secondary_market encyclopedia topics | Reference.com: "ere is a robust and maturing secondary market available for sellers of p"
Saturday, October 30, 2010
Systematic Planning for Supply Chain
Perhaps the most misunderstood and most important thing for a company is its SCM. There are 3 levels of thinking about efficient supply chain
1. Corporate / Financial level - Think about what your real business, what are profit and cost drivers, more important what are growth drivers
2. Marketing Level - 4 Ps, how to take edge in market, how will this contribute growth of individual product line. Most important - Right Product portfolio - which product line to exit, which to reduce and which to add
3. Logistics / Operations Level - Operations cost/ Standardization (6 Sigma) / efficiency / safety security / outsourcing decisions / contracts with 3 party services / regulations / taxation and more importantly transportation taxes
Though supply chain is a very broad term, but if we focus our thinking to each of these levels individually and then in an integrated manner, SCM can become an effective edge over competitors.
1. Corporate / Financial level - Think about what your real business, what are profit and cost drivers, more important what are growth drivers
2. Marketing Level - 4 Ps, how to take edge in market, how will this contribute growth of individual product line. Most important - Right Product portfolio - which product line to exit, which to reduce and which to add
3. Logistics / Operations Level - Operations cost/ Standardization (6 Sigma) / efficiency / safety security / outsourcing decisions / contracts with 3 party services / regulations / taxation and more importantly transportation taxes
Though supply chain is a very broad term, but if we focus our thinking to each of these levels individually and then in an integrated manner, SCM can become an effective edge over competitors.
Product Information - Equity filtered by International Profile View - iShares
Product Information - Equity filtered by International Profile View - iShares
Do these select few funds have capability to capture growth of emerging markets for US investors.
The answer is clearly - NO.
Do these select few funds have capability to capture growth of emerging markets for US investors.
The answer is clearly - NO.
Friday, October 22, 2010
G-20 Meeting : What happens when politicians try to become economist
Politicians from all over the world do not want to loose one thing. You guess what - Vote Share.
Hence, everyone is shouting at top of their voice.
http://www.washingtonpost.com/wp-dyn/content/article/2010/10/22/AR2010102206672.html?hpid=topnews
Hence, everyone is shouting at top of their voice.
http://www.washingtonpost.com/wp-dyn/content/article/2010/10/22/AR2010102206672.html?hpid=topnews
Thursday, October 21, 2010
Coal India IPO - Is Indian Govt. giving too much away
I was not surprised by the 17 times over-subscription of Coal India Ltd. Given by the reserves (Biggest reserves in the world), the valuation was bit of a tough task. Even the company had a huge cash in hand.
Some 2 months ago before the deal, I calculated that the cash in hand per share would be around Rs.40 per share. Though I was not sure about the exact valuations, but analyst were quoting around Rs. 300 in contrast to highest band price of Rs. 245
This brings a critical issue in privitisation of the PSU's in India. Is the Indian Govt giving away a lot of assets too cheap??
EIL and others were not so exciting as markets were not so buoyant in 2009. Next in line - IOC, PGCIL. I would place my bets for PGCIL - Power sector is going to have a good boost in coming years.
IOC will still suffer from existing price restrictions on retail fuel prices in India.
Some 2 months ago before the deal, I calculated that the cash in hand per share would be around Rs.40 per share. Though I was not sure about the exact valuations, but analyst were quoting around Rs. 300 in contrast to highest band price of Rs. 245
This brings a critical issue in privitisation of the PSU's in India. Is the Indian Govt giving away a lot of assets too cheap??
EIL and others were not so exciting as markets were not so buoyant in 2009. Next in line - IOC, PGCIL. I would place my bets for PGCIL - Power sector is going to have a good boost in coming years.
IOC will still suffer from existing price restrictions on retail fuel prices in India.
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