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Wednesday, February 16, 2011

arbit CP

Well, its a well know acronym in B-Schools - Arbitrary Class Participation. For those who are not familiar, let me give a brief idea about it. Usually in IIMs, case method is followed for teaching. It is definitely the pedagogy for subjects in Strategy and Marketing. In these courses, you will be given a case for each class which you are supposed to read, analyze and put forth your suggestions while it is discussed in the class. This is class participation and it carries some weight age for grading. However, many a times it goes in the opposite direction, with participants discussing for the sake of discussing!

Its a fun thing to hear to peers discussing enthusiastlically about anything and everything that you teach in class :) All these guys seem to be 'a pro' in whatever is taught in the class.

For a back bench-er (I am forced because of my name) like me, the chances of even an arbit CP is bleak let alone the actual participation. But somehow I find chances here and there to make my point during case discussions.

Nowadays, I have even fallen victim of arbit CP :p, the latest one being disagreeing about a movie review discussed during a marketing class. Now you know how arbitrary the 'arbit CP' can go! You are left with no other option if the course caries quarter of its weight-age to class participation; of course it also depends on whether you really want grades or not! But you never know, that 20 marks may be the deciding factor that changes you from a 'C' to 'B' grade.

Below is are two links that talks about 'CP' - one a positive note and another a comical portrayal.

Art of CP, Rashmi Bansal

ArbitCP Cult

Sunday, February 13, 2011

Book Review : Plain Truths About Investments By Debashis Basu

MBAs study about investments @ institutional levels. So you need to learn also about personal investments. A friend of mine thought so :) Hence he presented me this book. It was a light book; so easy to finish fast.

Well, talking about the book, I would recommend only if you don't know anything about investing or you are a youngster who is going to just start thinking about savings and investing.

I felt the first half to be plain truths in blah blah.... The section on Stocks seemed to me to be worth reading. Overall, for the price of the book, I feel its OK to spend. The author covers sections on:

Mutual Funds
Fixed Income Instruments
Non-traditional Investments

If you have noticed, I have used an affiliate of flipkart here like Amazon. Nice!
In terms of MBA jargon, they are a cloner, I guess :)

Sunday, February 6, 2011

A SME Visit

Yesterday was a nice day! We visited an SME(Small and Medium Enterprise). We are doing a project on a silk saree manufacturing firm as part of the Managerial Accounting course. After years, I visited a factory. It was amazing to see how a saree in created from raw silk. I felt software coding is easy :)

Its a good experience that we can see all that we learn in production and management accounting classes even if it is at a micro level enterprise. I was astonished when I heard the facts on margins the actual manufactures take and what the so called 'middle men' like whole sales and retailers take. No wonder the middle men are called a necessary evil in the value chain!

We are planning to apply some of the concepts we learnt so far in the Management Accounting classes and hopefully will suggest some useful improvements to the firm :)

Its 100% true that you cannot learn all from texts, you have to experience it! Not only we try to apply the learning in the class, we are understanding a new industry. I never thought making sarees in this process oriented :) or rather I would have never thought in such terms...we just buy...right? ;)