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Just my opinion, it might make your blog a little livelier. Very nice post. Was there anything like an 'aha' moment when you 'knew'? Might not make sense, but going through the Fortune companies. I just knew I had to build one that made it to that list. Otherwise also, everyday in ET when I read about some businessman doing something or read about some entrepreneur making it big, I felt I was wasting time doing consulting.
Was there any course during MBA which helped to at a psychological or practical level to make the decision? Corporate Finance and Financial Services both taught me all I needed to know about business financing. Shenoy — a very practical businessman prof who runs a very successful net based business while teaching in IIT. He kind of pushed me to take the step sooner than I had thought. How did your family react and how did you handle it? Contrary to others, my family was extremely happy considering I was coming back to run the business.
I liked the little heavy engineering business my father had started 25years ago but was lying dormant. So I chose heavy engineering even though it was not even one-tenth the size of jewellery business. Basically plant equipments. Are you enjoying it? Yes very much. I liked engineering as a subject and am glad to be back to it. How is it different from what you would have been doing as an MBA employed by someone.
As a consultant, I was building financial models, powerpoint presentations, process design documents and other analytical work. As a businessman, I am meeting different people, taking decisions, doing a bit of everything from marketing and sales to IT and operations. The basic setup was already there. I planned the experienced team of people I needed, the infrastructure improvements and the companies to target for getting orders. Or is it a question of unlearning everything : The funda of people management which I guess I learnt a bit while doing team projects in MBA and during my job.
What is your business model. Is there anything new or different about it vis a vis the general industry practice? In general, most small businesses of our size in our industry, try to get by with low quality work.
As an educated MBA, I know the worth of having good experienced people in the business, the worth of providing them the right environment to work, of motivating them when they are down and of paying them well for their services. Unlike services sector, manufacturing sector is not that people friendly. My approach has been to apply some of the basic things of services sector to manufacturing such as strong HR, good website and a good working environment.
Is your relative youth and inexperience an asset in some ways? It helps to be asking basic presumption breaking questions to my employees and my father. I am teaching my company to leverage the computer more greatly while doing design and costing earlier done on paper , to cooperate with customer rather than fight, to imbibe quality not as a statutory requirement but as a basic need for good business. Next year, we will have to take loans from banks.
Might rope in some businessmen friends of father to invest. Your experience with banks and institutions negative or positive Slightly negative. Not yet approached any, as ours is an old economy business. I expect to reach Rs. Key milestones, so far: Conversion of company from Proprietorship to Pvt. This meant an evolved employee policy with all benefits. Also cleaning up, painting and formalizing all the processes in the factory according to ISO framework. Are you satisfied with the pace and scale you have achieved so far Nope.
What is your vision of the business 5 years from now A national brand name, known for its engineering solutions. Do you see yourself running this company 10 years from now No, I hope to give over the operational work to professionals. I also hope to get into other sunrise sectors 5 years later. Would you actively seek a sell-out before that time? No, not as of now. Unless I am assured of the benefits of a sell out to the company and its employees and to me, I wont sell-out.
Do work at your own pace, sometimes very fast sometimes slowly. Immediately take decisions that have an impact. Not having to do unnecessary long analysis. Being able to put in place systems and procedures that have streamlined the work instead of the daily fire fighting that was going on before me. Most importantly, not feeling as if I am doing work. So there are no work hours.
The time in office zips by since there are so many things to do. Every little achievement brings immense satisfaction. Every little challenge pushes my thinking for new ideas. Low points of being on your own 1. No company of similar aged colleagues to socialize with, to bounce ideas with, to take breaks with. Working alone and aloof in a cabin. No more frequent flyers or stays in 5 star hotels. Not that it matters much. No more multi-crore projects for big clients.
No more meeting with rich and famous clients. Things you wish you'd known when you started: On a practical level, the whole tax structure such as excise, etc. On a personal level, how to recognize the right and wrong people and how to do business negotiations. How you overcame or are tackling them.
Business negotiations. Its complex and you have to be really tough. I am still learning the tricks by doing little negotiations and by watching my father and others do it. I was aware of this lacuna in me during my MBA as well hence I took a negotiations course.
Is the execution of your project going along planned lines, or is reality very different This applies to many situations of recruiting key people or getting orders from customers. But with each failure, I am learning and doing it a bit differently next time. Running a family owned concern — any issues of who is the boss etc? Generation gap was one of the concerns floated by my AT Kearney superiors as well. However, me and my father have divided work between ourselves nicely.
I handle all HR, marketing, development initiatives. He handles all finance and government related statutory issues. While there are debates and differences of opinion sometimes, there is a healthy mutual respect that lets us own our decisions in our domain. I think we compliment well. Going forward, he plans to pass over his part of the job to me while I find competent people to handle my department. He would then concentrate purely on the jewellery business which he now finds more peaceful to do.
Not as of near future. This business has to go down really for me to think about returning to a job. What happens when you meet batchmates who are I-bankers and consultants? Any regrets? Absolutely no regrets. If you had to do anything differently what would it be? Various personal and business factors pushed me into leaving earlier than I had planned. What are the factors which you think will be key to your company's success 1.
They need to develop their skills and imbibe quality in their daily lives. Once he starts thinking of this company as his company the change will be there to see. Many big competitors in our field are failing in delivering quality product on time. Any advice to ppl like you who may be choosing to become entrepreneurs after and MBA. Select courses that you think will help you become better entrepreneurs than better grades for jobs.
Know your business better. Have a broad business plan on paper. This will help you spot opportunities early and leverage them better. Should one go for work ex of years and then undertake entrepreneurship? I seriously think one should work for few years before taking the plunge. Plus it makes you more professional, more responsible, gives you a few initial networks to leverage, etc. Is what you are doing now your ultimate goal or more an interim learning period My ultimate goal is not constrained by any sector or type of business.
The ultimate goal is to build a sustainable company — one that stays long after I am also gone — managed by professionals and in the process make a name for myself. My goal is also give back to the society by recruiting people, through corporate social responsibility and to contribute towards making India an economically developed nation. Starting with a running business has saved me atleast two years of entrepreneurship pangs of building basic infrastructure, getting government approvals, getting initial finance, etc.
Living in Meerut after Mumbai and Bangalore. Is it an issue at any level with you? Yeah in addition the traffic sometimes frustrates me. In future, yes it will become an issue once I have family and kids. In this regard, I plan and hope that my business will reach a size where I can move my offices to Delhi while still running the work shop in Meerut. When you speak to Vibhor you get a clear sense of his passion and determination.
And you can't help but feel he is going to make a huge success of whatever he decides to take up in life. Meerut ya Manhattan. Labels: entrepreneurship. On Sunday Nov 18 6. Well, after the toughest exam of the year we think it's time for you to let your hair down.
Those of you with college or office lans it'd be great if you could put up the invite so junta can download it. Lastly if you land up a bit early u can audition for Bindass TV's 'Go to space' contest. We are also distributing passes outside CAT centres right after the exam. Have a pretty big list but details re: your test centre in Mumbai, Pune, Delhi and Bangalore would be very welcome. Labels: CAT , Indian rock. Saawariya has not exactly had rave reviews but Ranbir is a runaway hit.
Which is great because no amount of plastic surgery or visits to the gym could turn the 40 plus Shahrukh into a believable 18 year old Not that Ranbir makes a believable IITian with his chikna chikna good looks. I guess he would be playing the role of Ryan Oberoi and not that loser Hari.
Bollywood can certainly be stranger than fiction but since it's Raju Hirani at the helm of this project one still has hope! Thursday, November 08, Are you on facebook? When four different people I know - including my brother - asked me this question I succumbed.
Yup, I am now on facebook. Not that this is the first social networking site I have joined Sometime in Nov I signed up for friendster and ryze - just on a whim. The next morning half a dozen people had dropped by to say hello on ryze and I never ever logged into friendster again. At the time I joined, ryze was quite a happening place - a lot of media types and students from India were on it.
In fact, I attended a couple of the offline 'mixers' held in Bombay and one in Bangalore. I think I was pretty active on ryze for about months. Then it kind of fizzled out. For reasons unknown, ryze just wasn't able to attract enough new and interesting people. After all hum to bahut logon ko jaante hi hain. Increasingly then, the folks joining ryze were MLM types, insurance agents and the like whose idea of 'business networking' was thrusting their card in your face and trying to sell.
The other problem with ryze was there was no reason to check in and do anything on the site on a regular basis. Around this time I also joined a few more online networks. This however was part of the research for an article I wrote for Businessworld magazine in September Some of the sites I checked out: 1 ecademy. Then, something happened. Now I get at least requests a week from folks who want to be 'linked in'.
At the time I wrote the piece orkut was just another SNS social networking site. Hi5 was, I think, equally popular. But somewhere along the way orkut outpaced hi5 and took over as the 1 online social network in India. The media discovered orkut and suddenly I found my cousins from small town India had embraced it as well. Yeah, I too have an orkut profile but I never became an avid orkutter. So again, it was important for me - as editor of a youth magazine - to be on orkut.
To understand what it was all about and interact with my constituency. But there was nothing to take forward most of the initial conversations further. And people of my generation were not to be found in large numbers. One morning I logged into Linkedin - after perhaps two years - and found requests to be 'linked in' pending. Initially I thought I'd be choosy and confirm only those who had sent a personal message but then I said, what the hell.
Let's treat this like one giant online cocktail party where you have a chance to meet new people and exchange a business card. You never know when there may be a reason to connect with each other. Especially in my profession! Of course this does not mean I will endorse the work of a complete stranger don't ask me why, but people do request such odd things!
And that's why I was hesitant to join 'one more network'. For a while now, I've been getting 'I've added you as a friend on Facebook' kind of emails and I'm like - "No!! Not again!! I am using facebook only to connect with folks who are family, friends or acquaintances I know in the real world. So if I don't add you as a 'friend' - kindly don't mind it.
People have the option of only selecting their friends but guess what, most are too lazy and send the invite to everyone anyways. Aside: I think various sites allow this because it's cheap and easy marketing. When you get 3 requests a day to join 'Shelfari' you think I better check it out coz everyone is joining it.
Incidentally I did join Shelfari but Getting back to facebook - using it for just 2 days I'd have to say it has a certain addictive quality. Besides, my brother and I have exchanged more emails on it in 48 hours than we had over the last 2 months! Which means But will this really be the last SNS I join? The Google Open Social alliance is working hard to topple Facebook! The action continues Labels: facebook , Open Social.
This is my daughter's favourite song right now. It's not mine for sure. And in a way it's a battle of Youth vs Experience. Saawariya uses one of the oldest formulas in Bollywood's book: launching a new lead pair. Everyone remembers these as unki pehli picture. Then there were actors like Kumar Gaurav who made a smashing debut with Love Story.
Neither Kumar nor his heroine Vijeta Pandit made it big in Bollywood subsequently par kam se kam ek picture to hit hui! The 'young love story' is actually a favourite way to launch star sons. I think it fell out of favour when the last chappie launched this way - Abhishek Bachchan - did not make it for about 4 years. But that was a while ago. India is once again ready for a new chocolate hero and new candyfloss heroine. And a new generation of star kids is ready to be launched.
Lekin there are interesting differences this time. For the first time, a star daughter is being launched with full blessings and fanfare from the family. Poor Karisma had to fight for her career while even Kareena took a backseat to Abhishek in Refugee.
This time, Ranbir and Sonam are getting equal footage and so are both sets of parents. What's more, although either of the Kapoors could have produced a film to launch their kid they have put their eggs in Sanjay Leela Bhansali's basket.
And both sides have formed this mutual admiration society. At the music launch of Saawariya Bhansali gushed: "I am so touched to see Krishnaji here" and made glowing references to Raj Kapoor. While Ranbir came on stage and said in a small and humble voice:"I am grateful to "sir" for considering me worthy of this project. Makes sense for both sides. Bhansali has this grand and opulent cinematic vision which India loves.
While a debut pair which can generate so much free press and public curiosity can only boost the film. And lead to profitable though bizarre marketing tie ups like this one. On the other hand, there's 'Om Shanti Om'.
Also a love story but with a 'reincarnation' twist. And a reincarnated Shahrukh 'six pack' Khan. And the whole '70s era reincarnated as 'retro cool', actually. In fact - in an exact opposite strategy - Om Shanti Om is pitching the star card heavily. The song 'Deewangee', currently on air, features '31 top stars'. Bottomline: OSO is old wine in a new bottle while Saawariya is new wine in an old bottle.
But then I'm old. But hey, I thought Rishi Kapoor in Karz was really cool. And Ranbir does have a jhalak of Rishi Before he graduated in size and had to hide behing horrendous checked sweaters! Wednesday, October 24, Fortune Global Forum finalists. Thank you for the tremendous response to my call to 'speak your mind'. The four outstanding young people selected to represent Indian youth in a panel discussion at the forum are: 1.
Akshay Mahajan, 21, college dropout and freelance photographer The panel they will be speaking on is titled 'Our India: Reflections of Rising Stars' and is part of a Roundtable on India: Snapshots of an Evolving Culture.
Once again, thank you to all applicants. The level of energy, entrepreneurship and enthusiasm was amazing. I will keep in touch with you guys and I am sure we will get a chance to do something together in the near future. Labels: Fortune Global Forum. Tuesday, October 23, 'The Odyssey Generation'.
David Brooks, coined a new term for year olds in a recent Op Ed piece in the New York Times : the Odyssey Generation There used to be four common life phases: childhood, adolescence, adulthood and old age. Now, there are at least six: childhood, adolescence, odyssey, adulthood, active retirement and old age. Of the new ones, the least understood is odyssey, the decade of wandering that frequently occurs between adolescence and adulthood.
During this decade, somethings go to school and take breaks from school. They live with friends and they live at home. They fall in and out of love. They try one career and then try another. Hmm - reminds you of the characters on 'Friends'. Their parents grow increasingly anxious.
These parents understand that there's bound to be a transition phase between student life and adult life. But when they look at their own grown children, they see the transition stretching five years, seven and beyond. The parents don't even detect a clear sense of direction in their children's lives. They look at them and see the things that are being delayed.
They see that people in this age bracket are delaying marriage. They're delaying having children. They're delaying permanent employment In , roughly 70 percent of year-olds had achieved these things. By , fewer than 40 percent of year-olds had done the same. Brroks believes this trend will become more pronounced because that's how it is in Europe. He quotes William Galston of the Brookings Institute who notes that Europeans delay marriage even longer than Americans and spend even more years shifting around jobs, careers, degrees.
And of course, we're seeing all this happening in India also - although in small pockets. Social pressures in India are far stronger but young men and women who are economically independent and strong-willed are deferring marriage, for starters. Quitting your job to go 'back to studies' is acceptable especially for MBAs , even with spouse and kid in tow.
Even drastic career switches are not shocking and unheard of. And kids from affluent families with liberal-minded parents are living very experimentally in their 20s. Taking up one job after the other merely to 'try it out'. Going abroad for esoteric courses with little or no employment value.
Living without a real plan or idea of 'where I will be 5 years from now'. All things considered however, I see more scope in India for odyssey in careers, education and search for overall meaning than odyssey in personal relationships. There are a few, very few young people who 'live in' but generally even they formalise the arrangement in due course.
As one close friend who is getting married put it,"Nothing will change after marriage Both sides of the family are busy shopping and planning and plotting the various ceremonies and simply for the sake of the smiles on your grandmother's face you say, "Heck, kar lete hain. So we in India will see the modified odyssey.
The thodyssey. The urge to paraglide at Get six pack abs at Wear jeans - perhaps forever. The warm cocoon of the Great Indian Family is hard to resist. We're a tropical species Beyond may lie great adventures, but it can be lonely and cold. Labels: social trends. Monday, October 22, 5 month HR project. The 'job' is a month long project with an interesting outfit not JAM magazine, in case u r wondering! It will look very good on your CV for sure. And pays well Rs 15, a month. Two people is all they're looking for.
Attach your CV please and a contact number and I'll let you know further details! Bhaag ke shaadi. Young couples eloping against their parents wishes used to be a standard storyline in Hindi films. No sir, I will get married only with papaji's blessings. And so began a new era where parents and kids turned over a new leaf.
The kids decided it was better to 'win over' the oldies while the parents eventually realised, 'Agar hamare bachche khush hain, hum khush hain'. Give and take became possible - and a happily ever after full family photo as well. The prents are displeased but life goes on and the movie is more about how life isn't a bed of roses even after you marry the person of your dreams. And then there was Pyaar ke Side Effects where there are some parental doubts and murmurs but the bigger villain is the groom himself who is afraid of making a commitment.
A tongue in cheek take is captured in a recent ad for Maruti Zen Estilo where a young couple elopes and is stopped by the girl's father an army type. But he is so taken in by the car's features, he lets them go. It's kind of silly but at a deeper level rings true because hey, if the guy looks decent, drives this kind of car and makes my daughter happy, who am I to play spoilsport?
So all this sounds like wonderfully progressive stuff but at ground level, things aren't that cool and easy. The drama around Chiranjeevi's daughter eloping with her boyfriend last week is a case in point. TOI report: On a day of dramatic developments, megastar Chiranjeevi's younger daughter 'went out for a walk' from their home in Jubilee Hills on Wednesday morning, but surfaced little later at an Arya Samaj mandir in Secunderabad and married her lover of four years.
The drama unfolded at around 10 am when Srija, dressed casually in jeans, went out of the house for a walk and on the way wanted to meet her aunt. She left in a frend's vehicle. Her lover Shirish Bharadwaj 21 was already there. The couple, both majors, exchanged garlands and took marriage vows as per Arya Samaj tradition at around Soon after the marriage, the couple asked for help from police and the media as they feared for their lives.
Speaking to the media, Srija alleged her family members forced her to discontinue the relationship from the time they came to know of it The couple said, she was in a state of 'house arrest' after she turned 18 on November 9 last. In a interview to a news channel recently, Bharadwaj reportedly alleged that Chiranjeevi and his fans were threatening him. Sources said, Srija probably feared her love story would meet the same fate as her sister Sushmita's.
Srija's elder sister was engaged to upcoming hero Uday Kiran, but a few months later the wedding was called off citing "incompatibilty" between the couple. However, the real reason was Uday Kiran was forced out of the relationship, they added. Now there are two issues: a Chiranjeevi may feel 'my daughter is too young' to be able to decide who her life partner should be.
Fair enough The solution would be to let the couple go out - have a relationship - and maybe it would end on its own. How many such affairs last more than a few weeks or months anyways? But nahin, this is not the Indian way. We do not 'date'.
We do not make out before we marry. And if we do, our parents certainly have no inkling After all, that is the job of a parent. In fact, the most enjoyable and exciting job of an Indian parent. By making their own choices, kids are depriving their parents of their shining moment in the sun. Their 15 minutes of fame. The raison d'etre of their very existence. Exaggeration, you think? Often enough, I think not. As Sunil Sethi pondered in Business Standard : "Do the new-rich shed their liberal spots first and revert to neo-conservatism?
The irony of the Chiranjeevi case is that his recent film 'Shankardada Zindabad' is a remake of 'Lage raho Munnabhai' which promotes Gandhigiri, inter caste marriage et al.. Magar apne ghar mein scene ekdum opposite hai. Equations have changed, of course.
Even that might be seen as progress In 'OBC reservation' India. Update: It seems that Chiranjeevi has finally forgiven and blessed the couple. Certainly a better ending than the Priyanka Todi - Rizwanur Rehman love story, or this gruesome case of a mother killing her daughter for marrying against her wishes.
Spy vs Spy; Parent vs Child And oh, this is really But a new trend, for sure. Parents are apparently hiring private detectives to keep a 24 X 7 watch on their kids, look into the background of their friends and provide surveillance of eating and watering holes. Armed escorts to teens and even house arrests are being talked of! While in Ahmedabad : Parents in Gujarat are hiring private detectives to spy on their teenage children during Navratri when late-night dance celebrations attract tens of thousands of youngsters.
Doshi, a year-old mother of two girls, aged 17 and Ah, brave new worlds for spies to conquer James Bond on an exciting new assignment: "I'll have a sandwich dhokla and mango lassi - shaken, not stirred! Labels: dating , Indian teen , love , love marriage. Friday, October 12, And what about distance learning?
Pure distance learning is like trying to review a restaurant by merely looking at its menu. Despite best intention and sincere effort, you will lose out on the actual experience. Much of the learnings in an MBA come from student-teacher and peer to peer interaction. You get none of that when you simply order course material and pore over it alone. Much of the value of an MBA comes from its selection process. Students are quite happy with the quality of courseware from both institutes.
He now feels, however, that the course is of absolutely no use. One doesn't need to go though books and "online exams" to prove his skills in these areas. But job prospects wise - no gains. You can get a higher paying technical job but not a functional role. The verdict: Keep a distance from distance learning, from the point of view of impact on earning.
What is your opinion of part time MBA? Can you recommend a good one? And some put it even more bluntly: Please give all the information about Mba part time and crosspondance courses The funny bit is they write this after reading this piece written by me on precisely the same subject. While my overall assessment of part time courses remains the same it has been close to 3 years since that was published.
So here's an update for those still looking for answers. As readers of this blog were an important source of feedback and the guide has been out for over 6 months now, I am sharing with you my findings. Besides, I really can't reply to each of you personally - answering practically the same Qs!
Why is George Bush such a clown? What is the secret of eternal youth? These are mysteries which may yet remain unsolved. Given that no part-time or distance courses offers placements, will it offer a tangible boost to your career? The answer is: it depends. Part time courses definitely lack the prestige factor of full time MBAs. But choose carefully and you will reap benefits. And he has no regrets. In other words, more practice than theory - direct application value.
Managing work and studies is always the dilemma for the part-timer. Classes are held on every Friday and Saturday but there are also weekly tests and of course, assignments. Yes, asserts Abhinav. But anecdotal evidence suggests many direct and indirect benefits. Raghavan Centre for Entrepreneurial Learning. He is now a VP at a mobile applications company funded by the same VC. Interestingly, she is based in Bangalore but travels to Mumbai once every 10 weeks for the 10 days of classroom contact sessions.
The rest of the time course delivery, quizzes and assignments are conducted online. Rashmi is extremely pleased with the faculty, the quality of case studies and group work. While Sunil happens to be on the XIMB campus, other participants log in from Reliance centers in their respective cities every weekend.
The highlight of the 12 month course is a 7 day campus visit during which participants meet and interact on the XIMB campus. Midway through the course he switched jobs from Reliance to ICI Paints , with a significant shift in role and salary. But this, he believes, is a break he would have got whether or not he enrolled in the XIMB course. His classmate Shekhar Rao, however, attributes his mid-course job shift within the telecom industry to his enhanced qualification.
And additional benefit: he can refer back to professors for advice and mentorship on problems. The verdict then is clear: a part time program from a brand name institution does have its value. But it will really help you in an Indian software company, particularly product managers.
Much also depends on the attitude of your company. Of course, none of these courses come cheap. But the very act of stretching onself, of seeking knowledge and opening up to new ideas and opportunities is what perhaps makes a difference. Given quality raw material, a good part-time MBA could be that career catalyst.
Labels: part time MBA. Wednesday, October 10, I-Pill: let's talk about family planning. The ad copy explains: Take the I-pill - an emergency 'day after contraceptive pill. You can't miss the hi voltage campaign Cipla has unleashed for its product. What's interesting is how safe the advertiser has kept his communication. Husbands and wives, birth control and family planning. You know - we Indians have sex only when married and more so use contraception because producing another child into this world would mean additional burden to the nation.
OK, seriously, words like 'family planning' disappeared from our vocabulary approximately two decades ago, along with slogans like 'hum do, hamara do'. The inverted red triangle which was everywhere you turned when I was a kid has been banished. Heck, we're no longer ashamed of our billion plus population but flaunt is as a dhinchakly large consumer market. But getting back to the i-pill you can see why the advertiser is treading soo..
He wouldn't want to be accused of corrupting our Indian youth and so on and so forth. Indian Express reports: As the revelries of Navratri draw closer, condom once again has become the bad word. This time, however, they will not do so, he added. Wonder whether the dals will stake out these venues as well! According to a pharmacist quoted in the report, "sale of condoms rise by about 70 per cent during Navratri".
And this year I am sure the I-pill will rock as well. But it may be misused by the youth especially during Navratri when unmarried pregnancies go up. A lot of young people, esp girls, are allowed to stay out late. Dressed in sensuous chaniya cholis and whirring to the dandiya beat , hormones are bound to get into a tizzy. Pehle hota tha, ab bhi hoga. Instead of a botched abortion, many a young woman will opt for an i-pill. The i-Pill can help with the first bit but do nothing for the second.
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