Saturday, August 25, 2012

63rd Week@XIMB

63rd Week@XIMB - 19th August to 25th August, 2012

20th August - Since 1997 Dr Debal Deb has been conserving 700 varieties of native rice that seed companies are trying to drive out. He works for biodiversity conservation, knowledge transfer and non-commercial seed exchange within and beyond India's indigenous communities.

Folk Rice Dr Debal Deb

21st August - Today is my birthday. I will only quote Benjamin Franklin on life :"Content to live, content to die unknown, Lord of myself, accountable to none."

21st August I participated in Kurukshetra and Spardha Launch. There was a good Harvard Business review article uploaded by SDM faculty : Ending the War Between Sales and Marketing by Philip Kotler, Neil Rackham, Suj Krishnaswamy (Complete Reading)

22nd August - There was presentation on OSCARD by our group in CM. We cam ro know about: Narasimham Committee on Banking Sector Reforms (1998). There was discussion on MFI Andhra Crisis in MFM class.What's wrong with microfinance? edited by Thomas Dichter and Malcolm Harper is a good book that must be studied in detail for academic knowledge. Ticket size of loan given by ACCION International is between 200-300 $ at Latin America in comparison to average loan size of Rs 5000 -1000 in Indian Micro-finance Industry. Hence, the cost of regulation is much higher in Indian context. So we require more patient not passive capital for revival of Indian Micro-finance Industry.

23rd August - Triple Bottom Line was discussed in detail. The phrase “the triple bottom line” was first coined in 1994 by John Elkington, the founder of a British consultancy called SustainAbility. Now companies are looking for businesses to bring value to their societies. There were not much classes this week. Hence, quite and relax week was coming to the end.

24th August - XIMB organized a ‘Business Conclave Week’. Top executives across the industry would be visiting our campus from 24th to 26th August, 2012. Everyone put up a good show.

I missed preparation as well as functioning of ENVISION 2012 program that was part of this business conclave. That is not what me to be as a professional. Clive Lloyd’s team returned WestIndies with 5-1 pounding at the end of the 1975-76 series in Australia. Clive Llyod said: ‘never again’. They searched some fierce fast bowlers and nurtured young batsman, and turned the table against Australian. I also declare today that this laziness will never happen again.

25th August - Last class of HRM was a guest lecture.

Guest Talk: Mr Saroj Mohapatra, HR JSPL Orissa Unit.

Saroj Mohapatra stressed on the quality is more important than the package of the job. Management education has been born out of school of economics and industrial sociology. In colleges, subjects are taught in compartment wise while its chaos and mixture in the reality.

He told us a story of vision. Revenue source of Dubai was coming only from oil resource. Prince of Dubai planned for non -oil revenue in future. So he set up the most unusual target : making Dubai a tourist destination. That was achieved through engineering and good management. This is what we lacking in India. The task of government is governance and regulation not running business. When there was no investment, there was worried about utilization of mineral resources. Now, with investment coming, government has been worrying about people. There is a structural problem at policy level.

There is a rent seeking mindset embedded in Indian people. When government displaces for road or irrigation project, there is not much talk about compensation package. But, when private parties do this for like steel plant, there is always talk of rehabilitation and justified compensation package. JSPL is paying 5 times package yet there is demand for the job guarantee for grandsons. There must be peaceful co existence of under-developed, developing and developed. Unless there is provision of social mobility, this can't be achieved.

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