Saturday, April 24, 2010

Management techniques in IPL




the excitements,enjoyments is finally ended. As no one expected this year trophy went to N.Srinivasan owned chennai superkings . though there are lot of controversies still going both on and off the field, a lot of decent management ethics,techniques have been displayed both on and off the field.

1.EXECUTION OF STRATEGIES
every team has as a strategy planned out. they select the prospective players in the auction . also they are selecting the best 11 before any match. every team has to go to this path which is tough wen comes to selection issues out of a alarge number of player base.finally they select and play and succeed.
Management is all about taking right decisions and selecting right players. wen interviewed to cricketers which i saw( MURALI KARTIK OF KKR & SURESH RAINA of CSK)they said that they will look at players and execute their straregies. miurali kartik know how and were to bowl to a specific player so as raina were to hit the ball and so on. management is all about these things. executing strategies at the right time& at right place.

2.LEADERSHIP & TEAMWORK
wenn shane warne led RR to victory in a match against DC, it was completly a pure leadership display. he was constantly chatting with his bowlers,fielders encouraging them and so on.
similarly a leader has to display all those necessary stuff to get his team to victory

3. EQUALITIES
have u ever seen the great australian allrounder symonds playing with an unknown indian thirumalasetty suman of DC? wen they both led their team to victory against CSK. it was aa complete display of sportmanship. there was no inequalities,no country bias, no regionality bias et al. an experienced guy working with a new comer in cricket telling tactics,advising him and so on.
Management is all about these stuff. success will only knock if these things happen in organization. there should not be any status based stuff. there should be mutual understandings

4.DROPPING UR KEY PLAYERS
wen MI rested key players against KKR ( sachin,malinga,pollard) and an inexperienced bravo(in captaincy role) were asked to lead the team ,MI lost the match. they rested key players to prepare for the semi finals and not to sustain any injuries
In Management, we should not rest any key players. there should not be any permutation& combination stuff. an inexperienced should not be asked to lead the team.

overall IPL is a good entertainment for cricket lovers. there were lot of glamours,tensions et al. its a good learning experience for both the foreign and the local players.

5.TIME MAMAGEMENT
An important aspect in management. organizations should make the best out of their time. they must accomplish their objectives and targets within a specified time period. IPL committee was strict about timings. if a team doesnt finish their playing within the specified timings, they are punished by imposing huge bucks of money.

6.EMPLOYING ALTERNATIVES
Organizations typically employ the best alternatives to succeed. harbhajan singh opening the bowling for MI,kumble doing it for RCB, are some of the alternatives which captains did in this year's IPL. and they succeeded.wen DC were chasing a mammoth total,sachin tendulkar entrusted harbhajan to open the bowling . and to everyones surprise the DC captain was out for duck in the second ball .

There are lots of things which can be taken forward in IPL.it is an unique game.it has crated a brand equity of itself.lot more things to be gathered in the coming years.

Thursday, April 22, 2010

Managing Alliances ( A typical example given)


Excerpts from the HBR dated feb-2010.

Recent study by mckinsey stated only half of all the joint ventures succeed. that is they get the returns above the cost of capital. an alliance usually starts with service level agreements(SLA'S). they focus on the contributions only & not what each side gets.
now comes the balanced scorecard(BSC) mngmt system which focuses from contributions,operations and to strategy management. now i will give u a typical example of SOLVAY PHARMACEUTICALS which adopted BSC tool to manage their alliance and reduced the total cycle time by 40%.

Solvay is a top pharmaceutyical company . it has to incur over $1billion to successfully bring its products into market. their usual process is to give clinical trials to patients,health care organnizations and physicians. they have less advantage in these areas. so they thought they would outsource the managemnet of all clinical trial to a single partner. they chose QUINTILES(an existing supplier) to perform all stages of its clinical procrsses. it has a good history in developing and marketing pharma products. they had a preferred relationship. solvay outsourced in return for reductions in quintiles normal prices. the 2 companies formed a ajoint clinical team. a joint development made milestones,good progresses.
the initial 5 yr contract went well. it had to renew its contract in 2006 . quintiles faced some problems because many work form solvay were outsourced. senior executives of two compnaies had to commit to alliance strategy and had to negotiate.
they knew from the previous studies about the likely shortfalls in alliance outcomes & identified the following problems it had to overcome.

THE COLLABORATION THEME SCORECARD
1.PROCESS OBJECTIVE
2.JOINT WINS
3.METRICS
4.INITIATIVES

in a nutshell, these would include
1.focussing on the contractual terms of the alliance
2. spending more time and efforts selling the alliance internally
3.concentrtaing more on alliance .

both had a BSC internally. they though it wud address all those issues. they though of preparing BSC together to have consensus on and alignment with the goals of the alliance.

BSC(an overview)
The balanced scorecard is a strategic planning and management system that is used extensively in business and industry, government, and nonprofit organizations worldwide to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals.

following BSC practice, they appointed a consultant to sort out few things . they came with 5 strategic themes

LIVING THE ALLIANCE(right culture,communication,trust et al)
COLLABORATION( making best use of resources)
SPEED AND PROCESS INNOVATION(leveraging global expertise)
GROWTH(improving investment mngmt and create new products)
VALUE FOR BOTH THE ORGANIZATION

they also drew alliance strategy map which involves

EMPLOYEES & ORGANIZATION (EXECUTING)
BUSINESS PROCESSES(THAT DELIVER)
CUSTOMER VALUE(WHICH DRIVES)
STAKEHOLDER OUTCOMES.

the project team had converstions with the joint streering committees(JSC) from both the companies.. they discussed lot of things which included
1.alliance progress
2.relationship issues et al.

THE PAYOFF
the new approach had yielded impressive results.it reduced thye total cycle time to 40%. it saved time,money et al.it improved service,new revenue oppurtunities,delivering alliance strategy et al.



Wednesday, April 21, 2010

Ram charan's Mantra


having started his career in his family-owned business in bata shop in the small towns of uttar pradesh,he now talks of leadership challenges,he meets CEO'S of various companies both local &international companies. he handled companies like coca-cola,GE, growing Marico(parachute brand of oils) & deccan 360(owned by capt.gopinath).he transformen those companies into successful organizations through his sharp skills&insights. he is none other than RAM CHARAN(THE MANAGEMENT GURU)

excerpts from the HBR dated february 2010 issue.

Ram charan typically reacts to the financial turmoil which broke down in 2008 leaving all the companies CEO'S in bizarre confusion. when asked ,he is of the view that all the company needs to have an internal approach to learn how the global financial system is actually working.

HE advocates that all the CEO'S should actually interact with the RBI, who are speciallists in this system . RBI need to educate CEO'S of companies to understand the global financial system. he is of the view that RBI is the one who can understand tyhe complexities of the system,the intricacies and how things could pan out.

the CEO'S should spend time in learning all those systems. he should spent time in it. every indian company has to recruit candiadates globally. they need to develop aa pool of leaders and need to figure out how it can be competitive.

about leadership in management schools

leadership cannot be taught. students need to play active roles in the class room(role play). a business school student after completing has to deal with the people. dealing with others cannot be taught.

''NO ONE REALLY UNDERSTANDS THE INTRICACIES OF THE FINANCIAL SYSTEM,INCLUDING THE CHAIRMAN OF FEDERAL RESERVE"

indian growth will heavily rely on consumers. if india has infrastructure, they will surpass china. US CEO'S are very disciplined. they develop themselves and are very good coaches. they develop good leaders

"OBSOLESCENCE IN A KNOWLEDGE WORKER IS A KILLER"

finally ,he concludes his talk by saying there are potential leaders. they need to be spotted, developed and groomed.

Tuesday, April 20, 2010

Personality & values


Now its turn for me to shift my focus to personality and values. so far i have been blogging about CEO'S, stock market stuff like that.i would say that personality is a skill which everyone possessess.

Measuring Personality
1.self-report surveys
2.observer-rating surveys
3.projective measures(rorschach inkblot test& thematic apperception test)

self report survey- may produce fake results under "impression management"( hope the reader can understand as it is self-explanated)

observer rating survey-coworker could do the rating

rorschach inkblot test& thematic apperception test- rarely used. individual writes a story about a picture

The Myers-Briggs type indicator-most widely used.100 qustion format. based on the responses people are classified into-
1.extroverts or introverts
2.sensing(practical) versus intuitive( they look at the big picture)
3.thinking(use reason and logic to handle probs) versus feeling( rely on personal values and emotions)
4.judging versus perceiving(spontaneous)

MBTI is widely used in apple computers,GE,AT&T et al

The Big Five Personality Model

extraversion,agreeableness, conscientousness(measure of reliability),emotional stability,openness to experience

16PF( raymond.b. cattell,1940's)
Most LongLived and popular personality questionnaires. published in 40 different languages.

1.warmth
2.reasoning
3.emotional stability
4.dominance
5.liveliness
6.rule-consciousness
7.social boldness
8.sensitivity
9.vigilance.
10.abstractedness
11.privateness
12.apprehension
13.openness to change
14.self reliance
15.perfectionism
16.tension

MAchiavellianism( niccolo machiavelli)

"if it works,use it". high macs manipulate more,win more, are persuaded less .

Type A-
struggle to achieve more and more in less time.they move rapidly,impatient,cannot cope with leisure time.fast workers
Type B-just the opposite of type A

Monday, April 19, 2010

Stock Market Scams



whenever we think of stock market, we think of getting large chunks of money. usually, trading of shares are done in bulk in the stock market. there are experienced guys who better know wen to buy,wen to hold,wen to sell. similarly there are little number of people who are ignorant about these stuff. some follow criminal malpractices.

i 'm gonna write something about stock market scams which include the famous insider trading done by mr. rajrathnam a srilankan born billionaire who is the founder of galleon. And also the harsh mehta scam and finally the martha stewart case.

first, the million dollar scam done by galleon promoter in the insider trading.
so wat exactly is insider trading all about?
by definition we go about,Insider trading is the trading of a corporation's stock or other securities (e.g. bonds or stock options) by individuals with potential access to non-public information about the company.
wat exactly did mr.rajrathnam did?
The companies included Hilton Hotels Corp, Google Inc, IBM, Advanced Micro Devices Inc and several other companies. so rajrathnam decided to buy stocks of these companies by using the information from an insider and made a hell a lot of money. he made US$20million

Harsh Mehta
Harshad Mehta was an Indian stockbroker caught in a scandal beginning in 1992. He died of a massive heart attack in 2001, while the legal issues were still being litigated.In April 1992, the Indian stock market crashed, and Harshad Mehta, the person who was all along considered as the architect of the bull run was blamed for the crash. It transpired that he had manipulated the Indian banking systems to siphon off the funds from the banking system, and used the liquidity to build large positions in a select group of stocks. When the scam broke out, he was called upon by the banks and the financial institutions to return the funds, which in turn set into motion a chain reaction, necessitating liquidating and exiting from the positions which he had built in various stocks. The panic reaction ensued, and the stock market reacted and crashed within days.He was arrested on June 5, 1992 for his role in the scam.

Martha stewart

Martha Stewart has been in the news for several months because the U.S. Securities and Exchange Commission believes that Martha Stewart was told by her friend Sam Waksal that his company ImClone’s cancer drug had been rejected by the Food and Drug Administration before this information was made public. This rejection was a huge blow to his company and the price of its stock went down dramatically. However, Martha Stewart wasn’t financially hurt because she had her broker sell her 4000 shares before this news was made public. If this is true, and it should be noted it hasn’t been proven yet, then Martha Stewart is guilty of insider tradin

Sunday, April 18, 2010

Reverse innovation


if u ask a layman abt reverse innovation he will probably say he doesnt know.
if u ask organizations they say they are concentrating &focussing on it. tats what jeffey immelt,vijay govindarajan(chief innovation consultant to General Electric) analysed and came with the view.
so wat exactly is reverse innovation. its simple .marketing ur products in developing markets rather developing it in developed nations. ur prioducts first goes to emerging markets like china,india.and moves to US and other european countries.

so GE'S JEFF.immelt and vijay govindarajan ,the man behind the reverse innovation who is associated with GE belives that this strategy will be successful.

I feel that this concept might lead to cannabilization. it will obviously reduce market share,reduce profits et al because the purchasing power of consumers in the developing markets is very less compared to developed nations.
But still why companies adopt this new strategy?
1.Buyers in poor countries demand solutions on an entirely different price-performance curve. They demand new, high-tech solutions that deliver ultra-low costs and “good enough” quality.
2.Let's look at an example of how American auto manufacturers have not done an effective job at reverse innovation and why we say that the future may well depend on reverse innovation. Companies like Ford brought their global automobile platforms into India, thereby, becoming niche players in the premium segment. After all, only 5% of the Indian population can afford a Rs10 lakh ($20,000) car!
In 2009, Tata Motors launched the Tata Nano — the Rs1 lakh ($2,000) people's car. Multinational companies have to find a 10% solution to capture the full potential in urban India and a 1% solution to capture rural India. That is to say, if a product was to sell for $100 in US, a similar solution is needed for urban India at $10 and for rural India at $1. This is because of the income gap between US and India. The per capita income in India is about $1,000, whereas per capita income in US is about $50,000. That is why one needs the Tata Nano type of solution to unlock new markets in India. The Tata Nano is targeted at the non-consumers of automobiles in India today, namely the two-wheeler population. The two-wheelers are priced at $1,500. By introducing an automobile for $2,000, Tata Motors plans to migrate the two-wheeler population into four-wheeler users. Creating new consumption requires new business models.

Tata Motors plans to introduce Tata Nano not only in other emerging markets such as Africa but also plans to bring the car into Europe and the US eventually. The biggest threat to American automobile will come from emerging market competitors like Tata.

Friday, April 16, 2010

top CEO's in india

excerpts from the economic times dated 4/16/2010
as i blogged, before, the world 's best CEO'S, i am very proud to continue blogging about CEO'S but this time it is india's best CEO'S.
they dont have any gender bias,no community bias,no caste bias, but still they run the organisations better. whatever be the externalities like the recession,depression and other stuff,CEO'S should remain cool and composed and shud focus on their work.
in thus blog, i post u the best CEO'S @ present in india.
1. ratan tata- the man behind the much-talked tata industries and recently launched tata nano. he is rated the best CEO by ET
2.mukesh ambani-the richest man in asia who heads RIL
3.n.r. narayana murthy of infosys who is a role model for many budding entrepreneurs
4.anil ambani of RCOM
5.the telecom leader- sumil mittal of bharti airtel
6.started as a vegetable oil maker and then turned his company into software . azim premji of wipro
7.kumar mangalam birla of aditya birla group
8.rahul bajaj of bajaj auto
9.he took the entire nation by surprise wen he took opver satyam wen they wen tbankrupt. he is none other anand mahindra
10.beer and spirits,IPL,F1 racing.aviation,soccer. the man who ventures into all these categories. he is vijay mallya

Thursday, April 15, 2010

Best Performing CEO's in the world

Excerpts from the HBR dated jan-feb 2010,
I feel very proud to write this blog and share it with u

CEO"s are the main pillars of an organization. they are responsible for the efficient running of the organization. i wonder they should be paid more salaries but it is a debatable topic.in india,there is a limit for CEO'S salaries. in this blog i m gonna present u thye best performingb CEO"S in the world.

1. the innovative king- the man behind ipad,iphone etc. steve jobs of apple.he is not an MBA graduate but took the whole world by surprise by his innovative methods.
2.samsung electronics-yun jong-yong . MBA-no
3.john.t. chambers. he is an MBA . the guy behind the CISCO systems
4.an indian. second generation entreperneur. owner of many organizations.he is mukesh ambani.an mba graduate
5.jefrey.p.bezos- the internet guy. running the famous amazon.com. he is not an MBA
6. the ebay lady- margaret c whitman.she si an mba
7.the search engine guy -goooooogle's eric.e schmidt. not an mba
8.bart becht- an mba graduate. the man who is running the reckitt benckiser group which manufactures dettol
the list goes till 50. as i am running out of time , i will post other best performing CEO'S.
only one indian is there . reliance owned mukesh ambani

The responsible leader & CEO's


after the global recession and other stuff, many managers and CEO'S have become alert over the management practices. they are in aa position to run the companies without any hiccups.
c.k.prahalad the well known management guru has always been on the side for the managers role and how effective it should be. he has laid out few things for the managers. let me discuss with u

1.leadership is all about change. leaders must venture into unchartered territory.
2.leaders must invest themselves and develop
3.Put ur personal performance in perspective

"humility in success and courage in failure are the hallmarks of a good leader"
4.develop other people and hve trust in them
5.importance of loyalty 2 tghe organisation. be loyal to ur society and other related stuff
6.accountability/responsibility
7.have empathy and expect others SAY ON U
8.have conscious of the aprt u play. no others feeliongs. leadership is all about self awareness,humility,modesty & humanity

How to distinguish a fake job from a good one

Mahadevan had a diploma in Hotel Management from a renowned institute in Delhi. This 24-year-old native of Bhopal, Madhya Pradesh, had completed two years as a receptionist in the front office department of a mid-range Delhi hotel catering to overnight business travelers.

The young man was restless because he worked in a 14- hour shift and had no savings. He was unable to get into any of the Five Star establishments where the pay was better and the opportunities for promotion were far greater than where he was. On checking his email one fine day, he saw a job offer from a well-known three-star English hotel chain. The email contained a list of jobs including Front Office Assistants.

This was just up Mahadevan’s street! His own qualifications and job experience matched the requirements. Not just that, the salary was in British pounds. Calculating the exchange rate he found the amount to be far above anything he had ever imagined. Two meals and accommodation were also on offer. Excitedly, he completed the attached application form and sent it back, along with his resume.The very next day he received another mail telling him that he had been selected for the position he had applied for. The mail contained a two year contract letter on the Hotel Group’s letterhead laying out the terms and conditions. The contract was to be printed out, signed and returned. The mail also asked him to make a Western Union wire transfer of Rs 66,000 to a UK account.

The money was required to pay for the processing fee, air ticket, work permit and visa fees. The mail also informed him that the vacancy had to be filled urgently, and therefore he had to make the transfer within the next six days or else the job would go to another candidate. Mahadevan then borrowed money from one of his hotel colleagues. Two lengthy phone calls to his father and an uncle ensured that the balance money was in his bank account.

Withdrawing the whole amount the young man hopeful visited the nearest Western Union branch where he transferred the money to the account number mentioned in the email. Along with the money went Mahadevan’s hopes and dreams of a bright future. Two months of frantic phone calls to the UK numbers given in the emails (which did not exist anyway); visits and calls to the British High Commission in New Delhi and unanswered emails finally brought to him the fact that he had been conned. He also had a debt to repay.
Keeping the present economic scenario in mind, companies in every sector are once again open to recruiting candidates.

Taking advantage of this opportunity, fraudsters have created a sudden burst in the number of fake job offers. Unemployed youngsters who are in dire need of work have become extremely vulnerable to such fraudulent mails.

Several organisations have fallen prey to daring attempts by swindlers who cheat the youth.

Perpetrators generally misrepresent themselves as acting on behalf of companies to offer fictitious employment opportunities.

Although the affected companies are trying to control the situation through various measures, it is very difficult to detect and intervene in every such case.“Fake job offers are a worrying occurrence. With major changes in the current economic environment, there are primarily three reasons contributing to the rise of such offers.

First, the slowdown prevented many young graduates from bagging job offers.

Second, a lot of people also lost jobs during this period of economic volatility.

And third, companies in all sectors which were earlier extremely conservative in their recruitment, have now announced their hiring plans which are eagerly awaited and anticipated.

Against this backdrop, fraudsters have found an opportunity to exploit,” says Ravi Shankar B, senior VP & HR head, India operations, HCL Technologies.

Fake Jobs

Mahadevan had a diploma in Hotel Management from a renowned institute in Delhi. This 24-year-old native of Bhopal, Madhya Pradesh, had completed two years as a receptionist in the front office department of a mid-range Delhi hotel catering to overnight business travelers.

The young man was restless because he worked in a 14- hour shift and had no savings. He was unable to get into any of the Five Star establishments where the pay was better and the opportunities for promotion were far greater than where he was. On checking his email one fine day, he saw a job offer from a well-known three-star English hotel chain. The email contained a list of jobs including Front Office Assistants.

This was just up Mahadevan’s street! His own qualifications and job experience matched the requirements. Not just that, the salary was in British pounds. Calculating the exchange rate he found the amount to be far above anything he had ever imagined. Two meals and accommodation were also on offer. Excitedly, he completed the attached application form and sent it back, along with his resume.

The very next day he received another mail telling him that he had been selected for the position he had applied for. The mail contained a two year contract letter on the Hotel Group’s letterhead laying out the terms and conditions. The contract was to be printed out, signed and returned. The mail also asked him to make a Western Union wire transfer of Rs 66,000 to a UK account.

The money was required to pay for the processing fee, air ticket, work permit and visa fees. The mail also informed him that the vacancy had to be filled urgently, and therefore he had to make the transfer within the next six days or else the job would go to another candidate. Mahadevan then borrowed money from one of his hotel colleagues. Two lengthy phone calls to his father and an uncle ensured that the balance money was in his bank account.

Withdrawing the whole amount the young man hopeful visited the nearest Western Union branch where he transferred the money to the account number mentioned in the email. Along with the money went Mahadevan’s hopes and dreams of a bright future. Two months of frantic phone calls to the UK numbers given in the emails (which did not exist anyway); visits and calls to the British High Commission in New Delhi and unanswered emails finally brought to him the fact that he had been conned. He also had a debt to repay.
Mahadevan had a diploma in Hotel Management from a renowned institute in Delhi. This 24-year-old native of Bhopal, Madhya Pradesh, had completed two years as a receptionist in the front office department of a mid-range Delhi hotel catering to overnight business travelers.

The young man was restless because he worked in a 14- hour shift and had no savings. He was unable to get into any of the Five Star establishments where the pay was better and the opportunities for promotion were far greater than where he was. On checking his email one fine day, he saw a job offer from a well-known three-star English hotel chain. The email contained a list of jobs including Front Office Assistants.

This was just up Mahadevan’s street! His own qualifications and job experience matched the requirements. Not just that, the salary was in British pounds. Calculating the exchange rate he found the amount to be far above anything he had ever imagined. Two meals and accommodation were also on offer. Excitedly, he completed the attached application form and sent it back, along with his resume.

The very next day he received another mail telling him that he had been selected for the position he had applied for. The mail contained a two year contract letter on the Hotel Group’s letterhead laying out the terms and conditions. The contract was to be printed out, signed and returned. The mail also asked him to make a Western Union wire transfer of Rs 66,000 to a UK account.

The money was required to pay for the processing fee, air ticket, work permit and visa fees. The mail also informed him that the vacancy had to be filled urgently, and therefore he had to make the transfer within the next six days or else the job would go to another candidate. Mahadevan then borrowed money from one of his hotel colleagues. Two lengthy phone calls to his father and an uncle ensured that the balance money was in his bank account.

Withdrawing the whole amount the young man hopeful visited the nearest Western Union branch where he transferred the money to the account number mentioned in the email. Along with the money went Mahadevan’s hopes and dreams of a bright future. Two months of frantic phone calls to the UK numbers given in the emails (which did not exist anyway); visits and calls to the British High Commission in New Delhi and unanswered emails finally brought to him the fact that he had been conned. He also had a debt to repay.

Wednesday, April 14, 2010

stuff to follow in life


I had the oppurtunity of visiting IIT madras last week and i happened to see this beautiful stuff. it immediately struck me and i thought i cud share with u guys.


I had the oppurtunity of visiting IIT madras last week and i happened to see this beautiful stuff. it immediately struck me and i thought i cud share with u guys.

Tuesday, April 13, 2010

TATA NANO-cheapest car or compensation car

"the nation's cheapest car the grand tata nano is set to give problems to the people in india"
this statement is similar wen tata launched its chaepest car nano wen it maked the haedlines some 2 yrs ago. no one wud hve expected that weird things will happen i.e ignition problems.nw the company has stepped in and is awarding compensation to its customers( Gosh, strategies by ratan tata seems to fail in this )
the costs of the car comes to around 1.35 lakhs or so(i m nt sure). recently i studeied in paper that tata is compensating its customers by giving an extra one lakh i.e 2.25 lakhs they are giving.
who is to blame for? is it the customers who are taken aback by its cheapest price or TATA's R&d team ?

A story of an employee who is going to work in one of the big4 companies

"Can you explain the "forced ranking" system (e.g. GE style) that the Big 4 use to weed out employees.
Good question. There are really three factors that come into play here -
a) CPA - This is huge. If you don't have it after 4 years at your firm, you're in the red zone. Try and get it out of the way as soon as you become eligible to take it. If you are not a good test taker, then it is even more imperative to begin the arduous process asap. If you are an audit superstar, but still don't have your CPA by this time, you're in danger. Why? Because it is a numbers game, and since firms have to cut a certain number, they just look at stats and don't look at each individual's particular scenario.
b) Performance Reviews - Don't aim for an average rating. In this economy, it's not good enough. Yes, if people know you're good, you might end up getting put on horrendous clients. But that's just a risk you have to take. Take more responsibility for what you do. Help your senior associate/manager in any which way you can. Trust me, he or she will really appreciate your willingness to help (assistance, not brown-nosing). If you go below average w/ different reviewers, update your resume.
c) Hours - If you're sitting around in the office "on the bench" and not working much for days/weeks, don't wait for somebody to assign you to certain clients. Go seek out your managers/senior associates and ask to be put on clients. This is a very easy metric for HR to measure, and if they notice that you're not being used effectively, you're expendable.Then again, if people start leaving the firms, then they'd go back to the pre-recession days of their economic model, i.e. constantly be short of auditors instead of having an excess to carry around on their books.

indian railways

whenever i go to railway station. i feel somewhat bizarre about things happening. the railway authorities are, i dont know why they introduce special trains for women . they are not understanding that if they introduce special trains, crowds in the station become enormous . and if the next general train comes my god unbelievable all the people over there rush into it.
so i feel that men and women should be given equal things. y the hell shud they introduce LADIES SPECIAL .many are saying India is developing country and men an women afre equal. this very incident from the railways suggest that men and women are not given equal stuff

India surpassing the US economy

India can emerge as the world’s second largest economy in the year 2039, bigger than the US, if its GDP continues to grow at the rate of eight-nine per cent,( HOPING IT WUD HAPPEN EARLIER)
Former senior advisor and a Director at The World Bank, Harinder Kohli said Indias average per capita income would jump 22 times from $940 two years to $22,000 in 30 years from now, in that scenario.
But he underlined that it can become a reality if the current economic growth momentum is sustained in the next three decades. "It (India’s becoming the world’s second largest economy and related indicators) could happen if things go well. That if all goes well".

Kohli warned against India getting caught in the "middle income trap” similar to the experience of Mexico and Brazil. This trap was explained as one when countries start stagnating after reaching middle income levels and dont grow to advanced country levels.

Countries getting into such trap are unable to compete with low income, low wage economies in manufacturing exports and also unable to compete with advanced economies in high skill innovations.

At a Confederation of Indian Industry-organised session on "India 2039 An Affluent Society in One Generation" authored by him, here last evening, he said when countries reach middle income group, they need to do a lot of adjustments, required a very different governance, education system, human resource needs and competitiveness, among others.

At that stage, India needs to improve the quality of its workforce and address issues such as inequality in terms of per capita income between different States, and start working on those matters now itself as it takes a long-time to produce results.

In addition, he argued that sheer volume of energy required, is not going to be available to it, reliably. So, it has to tap hydro, nuclear and other renewable energy sources in a big way.

And also, India has to understand that it cannot do well economically, if its neighbourhood is not friendly. Failed states around it is not in Indias interest, Kohli, who is currently President and CEO of Centennial Group, said.

"It’s in India’s urgent self-interest to export prosperity to neighbourhood", added Kohli, who had served in the World Bank from 1977 to 1998. He also said that the Indian political leadership now realises that "we cannot be rich in poor neighbourhood".

In this regard, he pointed out that China is helping out Vietnam, Laos, Cambodia and Burma because their stability is in Beijing’s own interest.

IPL

probably 2 more weeks left for this year's ipl. this ipl produced memorable incidents and also they announced 2 more new teams. many people hve criticised abt ipl. also there are some debatable topics.
who are benefitting in ipl? is it indian players or foreign players?
i personally feel that all are benefitting. apart from cricketers, it is people,the marketers( my god they are spending hell a lot of money)there. they are promoting their brand. also the cheerleaders get noticed of it.
coming to our discussion, both the foreign players and indian players are benefitting. remember shane watson of australia who returned from injury and played in the inaugural edition of ipl did superbly and he got a place in the national team.
also to give few more foreign players who got bebnefiited are
pollard( playing with the master blaster.the former a multi talented guy who is at the young age captured millions of cricket fans heart. so as duminy)
also to include a few are kemar roach,murali vijay(god,he is having immense talent) ans so on .the list goes like anything