Sunday, February 5, 2012

34th Week@XIMB

34th Week- 29th January to 4th February, 2012

29th January - The whole day passed in the train journey back to the college. I was retrospecting about my career shaping at XIMB. It was the right question that led Atanu Dey to a different career. His question: “Why is India poor?”. Asking the right question can make all the difference. Critical thinking is the most effective approach towards learning and self discovery. I have initiated that process 3 year ago with the series of failures and wrong choices. We all know that streak of losses can be self-perpetuating. And one start to wonder where that elusive win will come from. One start blaming luck and all other external factors. One start hating the crowds and find oneself in that rut but until, one starts to win/gain even a small achievement. I am feeling confident with good academic record and grasping of the subjects in the rural management program. Atleast now, I am asking the right questions.

30th January - IRV assignment and UDO quiz welcomed me in the morning. Break even point analysis came handy while studying capacity strategy in OM class. For any profit and non profit organization, the cost effectiveness and efficiency in operational planning is must for achieving the suitable outcome. We learnt about the theory of constraints (TOC) that adopts the common idiom "A chain is no stronger than its weakest link" as a new management paradigm.

There was lecture in IRV on basic concept of design of market and valuation of assets. There was further heavy discussion on Law of one priceInformation Asymmetry, Gambling and Legitimate Risk. The regulatory behaviour of market led me thinking into the zone of US model of laissez-faire and the European model of deficit-driven welfare states. There is always need for the right balance between markets and provision of public goods. Also, the tax imposed on the companies should not led us back into the license-raj era since welfare state depands on how much taxpayers are willing to pay for them. Present day recession is caused by too-big-to-fail banks and big cartels that could have been averted by stricter supervision and regulation of a financial system.

31st January - I learned in MR class that consumption pattern depends on occupation, education, values and socialization of the household. While during socio-economic surveys in urban areas, there is comparison through education-occupation matrix, the rural areas are compared by type of house and education. We didn't take income in survey as that is difficult to gather due to the privacy reason and may be seasonal in the nature. The occupation otherwise is more stable form of variable.

Professor at BIS lecture presented Cisco Telepresence Magic to show the future of the technology.

There is lot of positive thing that can be done by technology in the area of health care and education. As we are finding Aravind (India) or Narayana Hrudayalaya (India) using the latest medical technology for serving poor. I am more cautious with the approach. As higher technological innovation comes with patent and research cost leading to the monopoly of the producer company.

Heard first time about NCAER socio-economic survey, Thompson Rural Market Index and MICA rural market ratings.

1st February - While learning about Institutional Capacity Assessment and Organisational Diagnosis in UDO lecture, I came across Weisbord, Marvin R. Six box diagnostic model and McKinsey 7S Framework.

The symptom of undeveloped district in India can be easily seen through credit deposit ratio of the bank. It is same like checking cash inflow /outflow in the company. Micro Planning lectures are good and must be put forward in our civics books from 10th onward.

SEC elections were held in the night. They were full of candidates with inflated promises and flattery. How defenseless we are in the face of flattery! I was viewing the whole election as market segmenting, art of choosing and irrational nature of targeted consumers. The networking, deceit, lies and articulating speeches were making it look like a sop opera. It all lasted more than six hours. Speaking about the candidates : Flamboyancy created a mass following but also reduces the credibility with a poorer image. In the time of goodwill, erosion of credibility and intentions into question, no individual, company or NGDO can survive.

I will paraphrase here about “state of nature” and social contract. Any human condition absent from any political order, usually termed the “state of nature”. In this condition, individuals' actions are bound only by their personal power and conscience. Then, individuals unite into political societies by a process of mutual consent, agreeing to abide by common rules and accept corresponding duties to protect themselves and one another from violence and other kinds of harm. From this shared starting point, social contract theorists seek to demonstrate, in different ways, why a rational individual would voluntarily give up his or her natural freedom to obtain the benefits of political order.In our democratic political order at college level, it is necessary to qurantine the early intruders (unworthy candidates) in bud. Otherwise the well-meaning and merited representatives will be kicked out by these intruders either personally or by proxy depending on the nature of appointment or election. That is the summary !

2nd February - In CMIB, there was discussion on case study between the two approaches of development : facilitator or advocate what's the difference ? We again encountered the terms like 'critical thinking', 'paternalism' and 'sustainable development'.

Cavinkare Private Limited - Serving Low Income Consumers: The case discussed in RIM lecture highlights the understanding for rural market and innovations needed for the successful tapping of opportunities present in the bottom of the pyramid (BOP) markets. The Lessons :

1- A regional brand with the good market research and iinovation can beat MNC's in its backyard easily. Good example : Ghari moves out Wheel to be No 1 in laundry market.

2- Multi-attribute segmentation is key to the successful business. Tapping of economic activity clusters like Haats and Melas show the quick feet thinking of Cavin Kare. More about Marketing of Chik BY C K Ranganathan

3- FMCG companies like Perfetti with the brand like Alpenliebe represent the operational efficiency and low margin-high volumes segment.

The block launches of MAXINATIONS started in the night with the event 'Last Manager Standing' in which GR2 was clear winner.

3rd February - Paul C Mueller of US Consulate delivered a talk today. It revolved around New Silk Road strategy proposed under Hilary Clinton. They also talked about bilateral trade and investment in the infrastructure for longer terms with lower interest rates. I participated as audience of GR2 in the quizzing event of Maxinations.

4th February - Classes were cancelled at the last moments. I was busy in assignments. An important thing done was to vote in Pagal Guy Ranking 2012. An aspiring student should have more information with the higher level of transparency and competence provided by rating agency. Yet I don't have high regard for the Ranking and Admission criteria used by any magazines like Outlook or India-today. There sample population is very low and the process is not much transparent. They may be influenced by external factors like financial sponsorship. But most of the B Schools or Engineering colleges have a conviction based on a pervasive cult of their superiority which cannot be reasoned with. Colleges use the ranking system whatever shows them in good public light. Access to quality education for a student depends not just on availaibility and affordability, but also on the information gap between aspiring students.

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This Blog is meant purely as a personal diary of a rural manager in making. It exists to record information, experiences and opinions about various issues encountered in the line of duty. Any person, institution and organization mentioned here doesn't assume any liability for its contents. This is not a deliberate attempt to defame anyone. And if you have actually read all that is written in the blog and aren't mad at me, then thanks for your time and patience !


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