Showing The Ropes

His passion for education earned him the sobriquet ‘the change maker’. Prof. R.S. Sirohi joined Invertis University in January 2011 with an aim to provide quality education to rural students. His experience with prestigious institutions, including IIT Delhi as Director, helped him to take up this challenge. “When I was appointed Vice-Chancellor of the Invertis University at Bareilly, I realised that rural India is still untouched by the outside world of learning. It was an eye-opening and painful experience for me,” says Prof. Sirohi.

A vast experience in education sector, Prof Sirohi says, helped him best in introducing many revolutionary concepts in Invertis. He opines that students in rural regions are devoid of conducive educational environment and do not have an enjoyable learning experience. Formal education is very important as it helps in building a strong foundation. At the same time, transparency is essential for any system to function smoothly. “Transparency is missing from the education system which has invariably affected the quality of education,” he laments and adds that India has witnessed mushrooming growth of private universities and educational institutions but there are very few which provide quality education. Click here to read more...

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On a Correction Course

It has been a return to the roots for Mr. Ankur Bansal, when he gave up a plum career in the USA to come back to Indiaand take up the reins of a ‘philanthropic’ initiative that his grandfather took up in 1996.

Established 15 years back, New Delhi Institute of Management (NDIM) has been an All India Council for Technical Education (AICTE), Ministry of HRD, Government of India, accredited institution since inception. It offers management courses that are delivered to students through a slew of modern teaching techniques such as, the Case Study Method, Lecture Method, Seminars, Field Visits, Group Projects, Role-Playing, Experiential Learning and Simulated Exercises.

And looking after the entire management and operations related activities of the institution since 2008, has been Mr. Bansal. He completed his schooling and college education in New Delhi and pursued his C.A. and MBA from Carnegie Mellon University, USA. While, staying there, he choose investment banking as a career and had stints with Bank of America Securities, among others, to later return to India. Click here to Read More....

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She Writes Story Contest winner: Sheela Jaywant

Sheela Jaywant is one of twelve winners of the MSN-Random House She Writes a Story Contest', as chosen by our judges. Her story 'Yokemates' features in the 'She Writes: A collection of Short Stories' published by Random House India and available at all leading bookstores.

Sheela Jaywant has worked in a multi-specialty tertiary care hospital for many years and for half a decade in a five-star hotel. And in earlier avatars, as a librarian, teacher and UNICEFvolunteer. As an author of three books, Quilted: Stories of middle-class India, Melting Moments, and The Liftman and Other Stories, as well as a columnist and translator, she found that creative writing couldn't pay the bills. So she wrote three books of short fiction and did two translations alongside her day job. Later, many of her stories found their way into anthologies. When people ask her where she gets her ideas from, she says: 'you'.

read an extract from sheela jaywant's story 'yokemates'

Between Margao and Canacona, Vijay couldn't find a petrol pump easily, but every other kilometre, a bhaiyya from either UP or Bihar manned a sugarcane-juice stall. 'These so-called "outsiders" fulfill so many needs,' he thought. 'They till the farms, help with the harvests and build roads and homes, like the Goans did in the Gulf.'

Vijay had crossed over to Panaji at seven in the morning, by ferry, from Betim in North Goa. Taking the bridge across the Mandovi would have been another three kilometres. The ferry was free, even for cars. By nine he had passed bustling, chaotic Madgaon, a town that was still robust, but not as graceful as Panjim any longer. Of course, it still prided itself as the state's commercial capital. The merciless April sun seemed to have melted the tar road. The haze, the blinding glare through the windshield, and the guess that he might make a loss that day made the drive torturous. After the Karmal ghats he headed further south towards Chauri. The windows were still down, but there wasn't any breeze. 'The cashew crop from the jungles should be good,' he thought hopefully, for the cashew tree loved heat and humidity.

Through the eucalyptus trunks, he could see the occasional jungle-cashew tree dotted with yellow and orange fruit, like fluorescent, colourful ornaments from Dubai which the Catholics hereabouts put up on folding plastic trees during Natal, the season that stretched from the second week of December until after the New Year was brought in. Like wipers on a monsoon day, his eyes darted from side to side. For kilometres together, he could see only eucalyptus. Of course, there was the occasional mango tree, laden with fruit just waiting to ripen, kept warm and secure until May under the shade of the leaves. It was difficult to get someone to pluck mangoes or coconuts. Whether skilled or unskilled, a labourer took four hundred rupees per day, for five hours of work. No one worked the full eight hours.

in her own words: sheela jaywant Have you always been a writer? 

What made you start writing?

My first 'work' was a verse I'd written for the Illustrated Weekly of India, perhaps in the fourth standard. Have always been good at languages and writing short stories and essays.

What inspired you to enter She Writes?

Saw the request on the Net, and thought, why not send my story.

Why did you chose the category you did?

It fitted my story.

Do you have a writing routine - e.g. do you have favourite places to write/favourite times of day/do you write longhand or on a computer?

I prefer mornings, or late at night. At the computer. And I'm comfortable in my own corner.

Who is your favourite author?

Vikram Seth, Hanif, and some Marathi authors, too.

Which book has inspired you the most?

Can't say, each plays a role.

Which key piece of advice would you give to any other budding writer?

Be prepared for hard work, daily work, and hardly any payment. Preferably, have a day job to subsidize this love/passion.

Going for Gold

EduRiser Learning Solutions (P) Ltd. hosted the “Search for the Lost Dutchman’s Gold Mine” (LDGM), an open programme focussed on discovering effective collaboration and productivity based behaviour

in Mumbai in the month of June. LDGM was an experiential programme based on a collaborative business simulation, and was designed to be an engaging and fun session. EduRiser Learning Solutions provides optimal end-to-end solutions to the learning needs of private and government organisations, PSUs and educational institutes among others. It provides content development services in English as well as vernacular languages. The firm has domain specific expertise across verticals and uses effective modes of course delivery which include classroom training, e-learning and blended learning. The learning solutions provide focus on various areas of business such as sales, softskills, behavioural transformation, leadership, management development programmes, business simulations, as well as product, process and functional and induction programmes. The half day programme at the Residency Hotel in Mumbai was aimed at frontline to top management professionals across departments and business functions. Mr. Solomon Salvis, CEO of EduRiser Learning Solutions, facilitated the programme. The participants at the event included companies like, Vodafone, Wockhardt, Nomura, Ultratech and Kotak Mahindra Bank. Read More 

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THE CITI NEVER. . .

Adversity is a great teacher, and is an opportune time for some leadership lessons. US Gen. George S. Patton, who won many accolades during World War 2, was famous for his handling of adversities in warfare. During one operation in Sicily, he is said to have told one of his lieutenants that he had complete faith in him. To prove it, Patton went home and, you guessed it, slept! He used to famously quote, “Never tell people how to do things. Tell them what to do and they’ll surprise you with their ingenuity.”

Not letting down his board’s belief, it seems Citigroup CEO Vikram Pandit’s classy ingenuity – and that of his valued predecessors – has not only surprised, but even shocked the damned pants of Citi’s investor groups. Look at their performance on the ingenuity scale – for an organisation that had enviable smashing profits of $24.5 billion in 2005, the six months ending June 2008 have been pure genius – a killing loss of $7.6 billion! With one top US institution filing for bankruptcy (Lehman Brothers), the other (Merrill Lynch) being taken over by another (Bank of America), and the IMF estimate of gross losses suffered by the industry because of the sub-prime crisis crossing a gut wrenching $1 trillion, is Citigroup – one of the worst hit institutions in the US – going to be the next disaster on the West Coast? Boasting an asset size close to $2.1 trillion as on 2008 [double that of, say, India’s GDP], if Citi falls, Patton or no Patton, nobody’s going to sleep again for many months!

Not the least Victor J. Menezes, retd. Senior Vice Chairman of Citigroup, who reverted to us commenting, “I do not wish to get involved in any such media interactions concerning Citibank.” Truly speaking, the problems that Citigroup had piled up for itself were there for everybody to see; and as surprising as the analysis might be, the fact is nobody was ready to bell the billion-dollar pig and send it to the butcher’s. That Citi’s future is in grave danger can be easily viewed from the way share prices have plummeted. It’s a massacre on the bourses, with Citi’s share price falling from $55 in January 2007 to a pathetic $14 on September 17, 2008!

On September 15, 2008, Citi’s shares plunged by 15%, & on September 16, by another 7%, as news of Citi’s exposure to Lehman’s bankruptcy came to light. Lehman named Citigroup amongst its “largest unsecured creditors,” with a numbing $138 billion of Citigroup’s money tied up in unsecured Lehman bonds. Consider that Lehman’s gross outstanding debt is $613 billion dollars! So Citi is exposed to almost an unbelievable 23% of Lehman’s crash!

As B&E had analysed just a few weeks back in its cover issue Murders & Acquisitions [August 7, 2008], Vikram’s predecessor, Charles Prince, is an equal, if not better conspirator in this bloodbath. In 1998, he, as the Chief Administrative Officer [under Sandy Weill, then CEO], engineered the utterly disastrous $140 billion merger of Citibank with Travelers Group ten years back. Former Citi Chief Executive John Reed, who engineered the deal with Sandy Weill, confessed to the Financial Times in April 2008, “The specific merger transaction clearly has to be seen as a mistake,” and he was ‘unclear whether the company’s model or management deserved the greater share of the blame for its problems.’

Read more....

Source : IIPM Editorial, 2012.

An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

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INDIA: ORGAN DONATION

Gap Between Demand and Supply

At present, out of the 1,50,000 patients requiring kidney transplants, only 200 get kidneys by way of donations from the deceased. As per Multi Organ Harvesting Aid Network (MOHAN) Foundation in Chennai, efforts by the states of Tamil Nadu, Gujarat, Maharashtra and Karnataka have increased the rate of cadaveric donation from 0.08 per million in 2008 to 0.1 in 2010. In most developed nations, the cadavers conversion is around 25% to 30%. Yet, a 2007 WHO estimate reveals that 10% of all transplants involved patients from developed countries going to poor countries to buy organs.

India for that matter neither has clear laws not a central information agency for organ database, thus increasing the chances of buying and selling organs. It leaves the patients on the mercy of the hospitals for organs. Most of the time, registered patients do not get the organs, as these are bought by rich patients directly from the hospitals. What should we do?

Copy the US blatantly. Many states in US encourage organ donations by writing down the consent while granting the driver’s license itself, thus allowing a central information database of donors and receivers. A total of 28,000 transplants took place in US in 2008 alone! Obviously, they must be doing something right!

Read more...

Source : IIPM Editorial, 2012.

An Initiative of IIPM, Malay Chaudhuri
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The Top 30 Ranks

A list of the B-Schools that Nearly made it to The Top 30 Ranks in the B&E-ICMR B-School Survey. And well, They Might just Make it Next Year!

Now jump back in that analogy, and you’ll realize why any research that deals with bringing out the list of best B-schools in the country cannot ignore the views of the most important customer set –experienced corporate leaders! For it is these top management leaders who will be able to give feedback on the intricacies of how and what makes a great B-school and a greater B-school student.

That is why Business & Economy had decided to unleash a new paradigm in B-school surveys in the Indian context when it launched a unique concept for ranking India’s top 30 B-schools last year. We shortlisted the top 30 B-schools based on our survey conducted across the main metros of India, but the final ranking among these 30 B-schools was done by five top corporate leaders from the industry. We supplied this unique and distinguished panel with all the relevant data and information they needed on the top B-schools for giving their final scores to the B-schools. From these final scores, we got our final list of rankings. And this procedure, which is unprecedented in the history of B-school surveys in India, is unrivalled in its credibility and authenticity, since the results come from those who have absorbed these very B-school graduates on a regular basis and have over decades realized how well or otherwise these students have performed. Therefore, they logically know exactly what works and what doesn’t.

Now an annual feature, India’s most authoritative B-school survey repeated the core process and methodology we followed last year for 2010-11, but the list of corporate leaders has only got larger, more diverse and far richer. This time around, we took the list up to twenty – the who’s who of India Inc. representing outstanding management leadership across geographies, across sectors and even across management functions. Unequalled, unparalleled, unrivalled, the illustrious panel list for this year’s B-school rankings is as follows:  Dr. Wifried Aulbur, MD and CEO, Mercedes-Benz India, Michael Boneham, President and Managing Director, Ford India, Sandeep Aneja, MD, Kaizen Private Equity, V. Balakrishnan, CFO, Infosys Technologies, Sumeet Nair, Chairperson, Fashion Foundation of India, Subrata Dutta, Chief Operating Officer, Samsonite South Asia Pvt. Ltd., Gautam Dutta, CEO, Cinemedia, PVR Ltd., K.M. Nanaiah, MD, Pitney Bowes, Pankaj Dubey, Business Head, Yamaha India, Girish Vaidya, Independent

Read more.....

Source : IIPM Editorial, 2012.

An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

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