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Friday, July 30, 2010

Economics - Blogs & e Resources


Wednesday, July 28, 2010

Book Summary : Time Power by Brian Tracy


Last week, I took the first book from IIMB Library. I have no time even to read the text books issued; so didn't plan to take any text books. I saw relevant book for all like me -

Time Power by Brian Tracy. Here is my summary:

Brian starts the book with usual motivational stuff to attract to the book & time management in general. He talks about the 3 myths or barriers to time management everyone may face:

 1. It affects the naturalness and spontaneity (You will lead a mechanical life!)
2. Negative Mental Programming (I am like this by birth :) )
3. Self Limiting Beliefs (I don't have the ability!)

Brain continues the book by explaining some of the techniques you can use to be more effective and improve your performance like:

1. Use positive self talk
2. Visualize yourself as highly efficient
3. Act the part
4. Benchmark against the best (Have a role model)
5. Become a Teacher
6. Be a role model to others.

I liked the three Self Esteem Builders :

1. Determining Your Values
2. Striving for Mastery
3. Knowing What you Want

This book is full of good tips & tricks like:

Twelve Proven Principles for Peak Performance
The Seven Practices of Time Power

new habit pattern formation takes about 21 days of practice and repetition
Some of the tips that Brian Tracy explains in this book are:

- "Your ability to clearly and systematically create goals, and plans for their accomplishment, will help you more to achieve success and happiness than any other skill you could develop."

- How to achieve your goals faster & remove the obstacles.

I liked the four ideas for personal organization:

1. Neatness Is a Key Habit
2. Stand Back and Evaluate Yourself
3. Refuse to Make Excuses
4. Work from a Clean Desk

Further, Brian explains in detail how to set the priorities. Nice to see he also mentions the Pareto's Principle

Four Steps to High Productivity:

1. Set clear written goals & objectives
2. Develop detailed plan of action for aceiveing your goal
3. Set clear priorities
4. Concentrate single mindedly on important thing you can do to achieve your set goal


When you accept complete responsibility for achieving your goal, people will emerge to help you and guide you along the path to your success. But when you make excuses, blame others, and expect them to help you, they will ignore you and avoid you. When you look to yourself first, you are far more likely not only to be more successful, but to attract into your life the support of the people you need. If you look to other people to help you achieve your goals, you will almost always be disappointed.

to be continued....

Sunday, July 25, 2010

A good week...


Last week was a good one for me. We got the FINAC mid term paper. To my surprise, it was not as bad as I thought, and was average in the class. One thing which was interesting was even in this level, people were fighting for 1/2 and 1 mark. The microeconomics professor came with a smiling professor since his latest book was released last week & was happily mentioning about it. Then he moved his topic of discussion and said, you may have come out of the exam hall with all smiling faces; but there was a tricky question, for which most of you didn't answer properly!!

The Strategic Management class was also good with case discussions on Indian Airline Industry and Walmart. I participated in both the discussions which had become a rare one for days now. It is interesting to see how we can establish that a firm is 100% successful; at the same time it is full of controversies in reality!

Last Saturday, we finally saw lots of participation from the class for Pehel. We have now formed lots of sub groups and assigned tasks for each. The SAC Senior members were furious on the way we were handling the organizing since we haven't got the green signal from Director so far :P So finally, we decided to postpone the event to August 8, Sunday.

We have started slowly the projects. We have to submit two by August 21 and another by September 4. Lets see how sincerely we can do them ;)

1st experience of organizing an event @ IIMB


Pehel 2010

The first event to be organized by the incoming batch.

Hey! wait, you are already there; you might ask...OK let Pehel is the first event to be organized by the first PGSEM :P It was supposed to happen in the 1st week or 2n week of July. But unfortunately, it has been postponed till 1st week of August. By then, we would have almost completed our 1st quarter :)

This time, I volunteered for those activities in which I have been not so active during college days - communications & stage coordination. So far, the communications part has been good. I believe I was able to contribute individually something. Let's see what happen for the stage coordination.

@ IIMB, anything is possible. I learned (well, a crash course with just minimal tricks) about photoshop, publisher, printing...

As usual, I was able to see people strong & sincere in logistics, program coordination, innovative ideas and also those who are there in the group for namesake :D

After around 4 years, have been participating in organizing a college event. As usual lots of roadblocks, challenges; but budget seem to be not a constraint here.

Sunday, July 18, 2010

1st set of mid terms over


Things happen so far. I am not able to see how days fly. Still remember the orientation days....ah! already the first set of mid terms is over.

Yesterday, there were two exams. One on Microeconomics - which was easy (may be the Professor knew we are poor souls; but the funny thing is he was scaring us too much and also forced us to attend many tute sessions by his Associate) and the second one was on Strategy which was a case on Apple, 3 hours - nice part was the Professor even arranged a tea for us during the exam :) Our Strategy Professor used to say there are no right & wrong strategy - I would like to extend it by saying there are no right or wrong analysis in the strategy exam also ;) Only GOD knows how much marks will I get!


I thought, since the exams are over, its a relief at least for the next one month. I opened my mail - boom! an assignment in FINAC to be submitted by Thursday! And we have barely a month to give the final projects for two subjects..So the tough time is not over; the sad part is its not for the next 2.5 years at the least :)

Seniors have consistently started mocking, whether we are conducting the Pehel - cultural festival this time or not. Unfortunately, I am also a member of the organizing committee we formed :) I would like to confirm YES! here it comes again....on July 31

With the Pehel work + assignments + office + house shifting...I will go crazy this week!!

Saturday, July 10, 2010

weekends are getting more hectic!


6:30 AM - 7:30 AM Travel (to IIM)
8:00 AM - 1:30 PM Classes
2:00 PM - 4:00 PM Exam
4:00 PM - 6:00 PM Again Classes
6:00 PM - 8:00 PM Travel (back to home)

And today is Saturday!! To add more, have classes again from 8AM tomorrow. Weekends are getting more hectic compared to weekdays. And today's exam...pathetic, seriously!! I never thought I will degrade to this level! I thought Financial Accounting was the subject, I understood & liked the most among the three subjects; but I was proved wrong today. May be, saying 'if you like an area most, you may not score/do well; also, if you score in an area, you may not be so good at it' is true


Next week, we have 2 mid term exams & 2 cases to analyze. Text book wise , both cover 6 chapters :O And the Microeconomics Professor had mocked us today saying, it will either be tougher or more tougher irrespective of whether it is an open book or closed book exam. And also advised to score as much as possible in mid term, since it will be very difficult to do in end term :D

For strategic management - 6 chapters + 5 cases + 3-4 HBR readings :O . At least, I hope to complete the HBR readings. Again the test is supposed to be a case.

Tomorrow's session is on problems. I don't even know the theory; hence I don't think it will be beneficial to attend it, so will bunk it. First bunking @ IIM, though its an unofficial session by a Teaching Associate :)

Sunday, July 4, 2010

quizes, mid term, projects.....


Week by week, its getting worse, at the same time interesting.

We had our first surprise quiz yesterday. It was funny. I don't want to talk about it ;)
I liked this week's strategic management classes, because there weren't much case discussion and chaos. Back to the world of microeconomics. The professor talked about consumer behavior, pricing. I always wanted to know how companies do pricing, if I were to launch a product what price level, can I set etc. The professor touched some of these topics, but was more theoretical. I guess, we will learn those in some marketing papers.

Our mid terms start next week with Financial Accounting. Its a closed book exam. The professor was mocking us saying this will be a closed book exam so that you can gauge yourself where you stand and later for the end term we can have an open book. The other two exams are scheduled a week later, I guess :) Both will be open book.

I had the first personal discussion with a professor @ IIM. We, as a group had to discuss and finalize about the project for Strategic Management. He seems to be a good person; only thing is I am finding it difficult to digest the subject. He was very interested in our project and mentioned it will be very interesting to do an analysis of this industry (Lighting Controls; more on this when we progress to some extend)

Pehel meetings are progressing; We have decided on the theme & now we have dive into implementation :)

Tomorrow is a nation wide strike. Hence, would like to spend some time studying Financial Accounting & Strategy, lets see how it goes....