Sunday, February 20, 2011

Dressing

Eat to please thyself, but dress to please others.
-Benjamin Franklin


An Executive Interaction

When I came to know that EIP is going to be conducted by Mr.Pamod Sardar Joshi at first I didn’t know what he’s going to speak about with the topic From “Purani” Jeans to “Armani” suits. As soon as he came he displayed that the topic going to be presented is “SUSTAINABLE ,HIGH-IMPACT LEADERSHIP” I was attracted towards the topic. He started up with a story and gave a note that “When the Sun comes up you had better be running”, I learnt that every person should work harder towards their goals else the competitor would lead you in any way. This is similar to corporate. He gave it with good examples of corporate like how Oracle takes over 23 companies in 30 months.
A Brand is built on the basis of Trust, Value and Consistency in providing service similar to corporate a management student has to build his own Brand. He pointed out that a person shouldn’t have the chalthae attitude in any work he does, meet the deadlines and manage time efficiently. The market in which we are now is at high speed either a person should be able to cope up with it else wind up his work.
“You only learn who has been swimming naked, when the tide goes out” – Warren Buffet
The above quote gave me an insight that student should be prepared to face adversities in corporate.
Every MBA student should have a Quintessential Differentiation; he should have his own way or style of delivering anything which many people call it as USP. He gave more emphasis on knowing the basic concepts of management which is essential for any management student entering corporate.
He came out with what are the 8 future challenge, they are:
1. Development to retain best talent.
2. Anticipate changes.
3. Management of talents.
4. Improving Leadership development.
5. Managing work life balance.
6. Analytic/Demographics/Science.
7. Managing change and Transformation.
8. Managing Globalization.
Also he said about the three worlds of corporate
• Small is beautiful
• Corporate Social Responsibility
• Corporate is king
“We cannot choose our parents or choose the corporate in which we are going to work”.
Some of the blockages which prevent a management student from getting ahead are:
  • Fear or insecurity.
  • Not seeing that there is a problem.
  • Unwillingness to take risks.
  • Poor communication skills.
  • Public speaking fear.
  • Unclear Personal goals.
  • Low creativity.
  • Inadequate problem solving skills and
  • Low influence.
A Leader should have the following qualities
  • Conviction
  • Character
  • Courage
  • Composure
  • Competence
“Only Person who always likes change is Wet Baby” - Leslie J. Flanders

At some point I came up with a question that “Why Foreign companies alone set standards, when does an Indian company set standards on its own?” which rang up in my mind. When I asked this he gave an explanation with Indian corporate example like Infy, Wipro and Future group. He also asked a question that “what way do you say that Indian companies are following the foreign companies?” I was unable to answer to this question, this he related to how a MBA should be while interview he should be assertive able to answer any questions with right sense. I also learnt about my weakness. At some point he said that “It is all how we react to situations matters”. Body Language is another key for success in an Interview; a person’s walk determines who he is. “If you are done well here you will do well out” which was said that give more importance in what ever you do in your college, it would some way help you in corporate. For Entrepreneurs he pointed out that they should target the bottom of the pyramid in order to have a good future.
For a person to be successful in corporate he should understand himself and understand the company. He gave a formula:
PQ= fn (IQ+EQ)*SQ
Where,
PQ- Personnel quotient
IQ- Intelligence quotient
EQ-Emotional quotient
SQ-Spiritual quotient
It can be understood that Spiritual Quotient is the important thing on which a person should give more importance along with Intelligence quotient and Emotional quotient. He pointed out its essentiality with examples of Lehman Brothers. Inner Mastery is needed for any person to grow in life. A persons mind, body, heart and soul should be focused on achieving the goals of his life. He concluded with the statement “BE HAPPY”.
“Test fast, Fail fast and adjust fast”

Thursday, February 10, 2011

Reguirement of an MBA

Three things are required for an MBA:
1.Discipline (in what to do and what not to)
2.Industry Knowledge and
3.Self Analysis (knowing thyself)

These were said by Bosch Regional GM Mr.Venugopal.