43rd Week@XIMB

43rd Week@XIMB - 1st April to 7th April, 2012

1st April- REPP effect was conglomerating the senses. Various thoughts were springing in the mind. Like : Until Ordinary humans of the first world will become economically destitute, and will be reduced to the state of the third world, they will not rise in solidarity with all the dispossessed by colonilaism and neo imperialism.

2nd April- The last day of exam. Exam is over still two assignments are pending. The extent of stress is always relative to our current level of growth, hence satisfied with the performance.

3rd April- The assignments and packing had make the day hectic. Still, I am enjoying the marathon named MBA.

4th April- A nice day with final packing done for our summers. Seasons come and go. I’ve witnessed the beauty of XIMB campus in the rains, as well as enjoyed even a foggy night here. Although most of my schedule was occupied with classes and , I still found some time walking around the school in night to admire the hidden loveliness of the campus. But looking at what I’ve been through, I feel happy that I’m here. It has been amazing, and I’m looking forward to more exciting experiences.

I am now habitual of seeing my MBA friends around all time, and I miss them. Their smiles are simply everywhere, in the classrooms, the mess, XCafe, GR2 and even the elevator. Two and Half months to the new semester seems to be a long time to wait, but I know our eagerness to meet one another again will be much greater after a long break. Thank you my friends. You all make XIMB so special to me!!!

5th April- It took a special train journey of 30 hour to reach Bangalore. There is 5 day break before joining organization for summer internship.

6th April- Bangalore, you are special to me. MG road looks like New York to me. I said in my mind that its not that everyone should have the same but that each should have enough in the life.

7th April- A day in the train...

42nd Week@XIMB

42nd Week@XIMB - 25th March to 31st March, 2012

25th March - This Sunday has been devoted to assignments and presentation. I take a long nap instead of all this hectic schedules. I also talked to GM about doing PHD in public policy from any foreign university. The complex question of Distribution and Creation of the wealth always intrigued me. Merit, Network, Violence, Open Society, Distributive Justice and Reservations are few vague key words around which I want to focus my work.

To imagine a long life and planning for 20-25 years down the years is an extreme example of the unrealized luxury. Only elites can have insurance, coping strategies and resources for mitigating future risk required for such plans. There remains a deep aura of uncertainty  in the life of aam aadmi. What I felt deeply that future exists, may be for a day or week for most of the people living on the fringes. People are living from hand to mouth situation having much vulnerabilities like health, displacement and social risk. Majority of their time and wages is spent in food. Yet, they plan and save with much difficulty for marriages, festivals and fatal accidents. The vulnerability of commons is due to the wrong policies of the major institutions. The economic and social institutions are not designed by mistake but exists only for the benefit of the elite. There is a huge gap between what people want and what the government is prepared to give in the doamin of public services  and goods(education, health, clean water, sanitation). State policies have no meaning unless they consider the weakest person of the society. Salute to aam aadmi who is a portrayal of resilience and vulnerability in the same skin.

26th March - I had change in daily schedule and more behaving as an nocturnal animal. This mutation can be contributed to hot summer days of Orissa.

27th March - Convocation day. There was convocation address by Harsh Mariwala of Marico.

28th March - CID exam was a disaster. And yet, I am satisfied with my preparation level.

29th March - OM and CMIB exams were much better than previous examination. Exhaustion is approaching due to lack of long of sleep and stress.

30th March - RIM exam was tough yet viable. UDO exam was based on RLLE and bring out the writing bug in every student. The abstract concept of development and vision were flowing from the nip of the pen. The creative tension between mind and aching hand produced the answers of high creativity and innovation.

31st March - MP exam was over. Answer sheet with limited space are doing wonders for me and curbing the habit of muggers to vomit their data. Three exams more to go....

The Spirit of Invisible - Kalyan Akkipedi offers a quick peak into the heart of rural India peppered with lessons learnt from traditional healers, contemplation on co-operation between religious factions and the story of salt. Best Lines Read in the article: “Nature is unique in every region, and so are the ways to exist in synergy with it. Understanding this way of existence is knowledge. Knowledge is omnipresent in the region, but can’t be explicitly articulated. Traditions of a region preserve this knowledge in codified ways. Lifestyle in any given region evolves along these traditions. And, lifestyle interactions of a community weave cultural fabric. Therefore, each region has a unique culture. Without this uniqueness, there's no diversity.”

41st Week@XIMB

41st Week@XIMB - 18th March to 24th March, 2012

18th March - Prosperity of any nation depends on youths. Change requires individuals with grasp on realism, courage, willingness to change, and a readiness to support change, particularly among those who have the greatest means to do so. Jesuits are known for their work in education (founding schools, colleges, universities and seminaries), intellectual research, and cultural pursuits, and for their missionary efforts. Jesuit Society is producing Business and Rural Managers at XIMB. There is no shortage of highly capable and qualified students who want to work for the development of the country. Yet, the managers from XIMB all need job for waving off loan and sustaining economically after MBA education. The selection process, curriculum, quality of faculty, pedagogy and the farce called placement are all oriented towards are not creating independent minds and risk takers. The warning of Prof Cornel West is coming in mine mind: "a market-driven technocratic culture has infiltrated university life, with the narrow pursuit of academic trophies and the business of generating income from grants and business partnerships taking precedence over the fundamental responsibility of nurturing young minds." The emphasis of any university, college or school should be on fostering curiosity rather than only competitive excellence.

19th March - I was not able to see Budget 2012 today. How to read the union budget was a nice initiative from Indian government for educated citizens. I was only able to read article No green signal yet for the Yuva Kisan by M. S. Swaminathan. Commenting on the poverty line will be like muddling on the pile of deadwood. I came to conclusion now that everyone believes what they want to. So depending on one's ideology, poverty in India has reduced or increased. There are lies, damn lies and statistics. What a true statement it is !

20th March - REPP: There was very good lecture on Globalisation with focus on value chain analysis. Joseph Stiglitz and Thomas Friedman were the main writers to be read for an introductory level to understand pros and cons of this phenomenon. I came to know about new term : Risk Society what Ulrich Beck defines it as "a systematic way of dealing with hazards and insecurities induced and introduced by modernisation itself."

Analysis of any case can be done in two frame work : Predictive and Explanatory. There is no need to write summary of the text for the academia. Learning can only happen when we embrace our errors. I came to know more about Collaboration Curves through an article posted on google group.

Social science is not a leftist hobby that we can do without. Today, MBA student has no sense of the history. As per me, there should be equal focus on IQ, EQ ( Emotional Quotient), and SQ ( Social Quotient) while selecting candidate for any B school in India. There is no use of economic progress that brings prosperity to few. And for that change, it requires socio-political awareness in the business managers community.

Global Mindset is much relevant to the rural managers. It develops a healthy skepticism of market fundamentalism, growth, reforms and offers immense opportunities. With the help of the global mindset, a rural manager can recognize paradoxes and complex realities with their nature of arguments, their origins, contexts, backgrounds etc.

21st March - MP: While urban planning focus spatial plan, rural planning is based on the sectoral plan. There was good discussion spatial planning and Central Place theory. Central Place Theory is a geographical theory that seeks to explain the number, size and location of human settlements in an urban system. This reminded me of the cluster theory. Cluster are linked by commonalities and complementarities and they increase the productivity; Cluster and networks reduce the cost of economic transactions. They also give easier access of skilled workforce and offer a rich information flow environment.

22nd March - There was presentation on Haat and Xavier Vending zone in RIM class. We all are exhausted by the massive assignments and presentations with their deadlines approaching in each 24 hours.

23rd March -Confused positioning of RM program between development and corporate can be labeled on both students and faculty. Even with good educational opportunities, people have always prized opportunity over equality. There was talk of inclusion of few more subjects as an elective next year. Since students were also consider stakeholders, they were asked opinion first time in the history of RM course of XIMB. The process was not an administration initiative but a clear cut strategic plan of handful of students.

There must be choices of the stream at masters level, not the enforcement of ideas of few in administration.Ours handful of students came with good list of courses. Whole batch was included for their opinion but nothing concrete came out of their suggestions. As a community, we need to keep questioning and understand the hidden power of protest and voice. One must taking stand before the excessive power of the few imposes even larger costs on everyone else.

The protest of habitual dissenter is never taken much in consideration but that brings out discontent of the community. Unrest is, in reality, discontent. This discontent is a very useful thing for community mobilization. As long as a person is contented with his present and and behave like a frog in the well, so long is it difficult to persuade him to come out of it. Therefore it is that every reform must be preceded by discontent. I didn't see critical mass in the community who can take a stand even with their bounded rationality.

24th March - I am bunking lectures from last few days due to frustration with the assignments and quizzes. I am busy less productive. Still, I attended placement meeting called by our placement officer.

CID : It was the last lecture of Prof Banikanta Mishra. But we get only 15 minutes of his talk about values. He correctly lay emphasis on sincerity rather than brilliance. Humility appears in the person when one realize oneself lucky seeing poverty all around. He was second person after my father who lay emphasis on secularism.

He reminded me a quote of Bhagat Singh- "Merciless criticism and independent thinking are the two necessary traits of revolutionary thinking." What more can I say, listen from him only.

XIMB - Prof.Banikant Mishra - The last Lecture

40th Week@XIMB

40th Week@XIMB - 11th March to 17th March, 2012

11th March - A reading day on MBA education :- What they don't teach you at Indian B-schools : In emphasising western theories and concepts, management education is curtailing innovation & Are you absolutely sure that you want to study an MBA? : Guest writer and IIM Ahmedabad student SG Shrinivas believes that the actual life as an MBA student is far from what is portrayed in the media, and those preparing for admissions should not base their decisions on sensational placement reports.

12th March - MP: There was discussion around fiscal decentralization with ensuring efficiency and identification of beneficiary at the ground level. Hoping to go in more details soon.

UDO: There was again discussion on Leadership qualities. XIMB values many factors such as your leadership traits, knowledge and genuine interest in course apart from past academic records. "Are leaders 'born' or 'made' ?" was the core question. The idea that leaders are born and cannot be made is a dangerous in context of India where there is tradition of dynasty politics and nepotism. The assumption of born leaders takes away focus from the development of leadership qualities. The main thrust then remains on finding innate leaders with the required qualities and hone them in a conducive ecosystem.

Yet, I like concept of the shared leadership. Its just like an extension mentor and trainee relationship to an altogether level. Fidel Castro or Hugo Chavez are individuals who for one reason or another were unable to develop a shared leadership or even a team. Prof. Satish Dhawan's years as ISRO chief is a good example of leadership. Prof Dhawan's management philosophy was that when success comes in after hard work, the leader should give the credit of the success to the team members. When failure comes, the leader should absorb the failures and protect the team members.

13th March - RIM: There was discussion on community based marketing initiative and need of the ecosystem required for sustainability of the innovative product. Modern day technologies don't work for the small farmers as the repair and maintenance technology is absent from the ecosystem of the village. There was mention of a new documentary in the class.

Documentary : Tomorrow We Disappear (Trailer)


RS recommonded me video of discussion between Amartya Sen, Montek Singh Ahluwalia and Prannoy Roy at Budget Battleground.

14th March - MP: There was discussion around fiscal decentralization; Backwardness of any region can be judged by PCI, Per Capita Availability of services and Per Capita Investment. There is no much support between fiscal decentralization and economic efficiency. Local government had ability of better revenue mobilization and pricing of local services. As we had already seen in the case of developing countries like India where there is insufficient percolation of benefits to the poor and socially disadvantaged sections, despite laucnh of the several poverty alleviation programmes.

As Oates (1993) explained, "the basic economic case for fiscal decentralization is the enhancement of economic efficiency: the provision of local outputs that are differentiated according to local tastes and circumstances results in higher levels of social welfare than centrally determined and more uniform levels of outputs across all jurisdictions.Although this proposition has been developed mainly in a static context (see my treatment of the "Decentralization Theorem,' 1972), the thrust of the argument should also have some validity in a dynamic setting of economic growth." Fiscal Experts have also concluded that decentralized government poses a threat to the macroeconomic stability and is incompatible with prudent fiscal management. (See Prud’homme, 1995; Tanzi, 1996). Among the fiscal experts a broad consensus has been arrived in the context of Musgrave’s trilogy of public functions, namely, allocation, redistribution, and stabilization, that the function of allocation can be assigned to lower level of governments, the other two would be more appropriate for the national government. Therefore, the macroeconomic management, particularly stabilization policy largely consider as clearly a central function (Musgrave, 1983; Oates 1972). [OP Vohra : Fiscal decentralization and devolution of financial resource]

15th March - CMIB : There were questions raised in my mind about sustainability of institutions created by projects. I never asked them in the lecture today. Even then, I had a doubt that most of the time, academician evade reality in order to fit various doctrines, instead of transcending theories in order to explain reality. The lack of pro-efficiency in philosophy and social sciences barred me from reaching any hasty conclusion.

RIM : There was discussion on Sarvodya Samiti Case Study. This case presents the situation faced by Pradip Mohanty, Coordinator of Sarvodaya Samiti, an NGO, which is involved in the production, processing, and marketing of honey. There is already diagnosis of the case provided by two IRMA professors here. Interesting point was the analysis of case through Ted London's Base of the Pyramid Impact Assessment Framework.

Guest Lecture by Rishikesha Krishnan
There was more focus on lack of innovation in the field of research and dearth of people filing patents. He strssed on the stock exchange for smaller firms for the growth of the new companies. There is no synergy of Capital, Idea and Talent required for new companies at present in India. More of his views can be captured in his TED talk :
Rishikesha Krishnan: From jugaad to systematic innovation


16th March -MP: There is shift in the public policy of the welfare states; They are moving towards rights based approach from basic needs approach. Demand Projection, Minimum Norms and Productive Area area given importance in planning with importance of both equality and efficiency.

17th March -CMIB : It was finally concluded that two programs/seminars can't generate empathy for poor. Personal belief of people are hard to change until backed by economic incentives in MBA education.

RM program in India doesn't have much heightened cultural awareness and global perspectives that rural managers need. There are still ghetto and commune of region /colleges operating within rural managers community. I can only recall importance of brotherhood from the french revolution : Any man aspires to liberty, to equality, but he can not achieve it without the assistance of other men, without fraternity...