He was standing at the centre ....... gloomy eyes, tousled hairs, exhausted body and dejected countenance. His voice choked with grief when he spoke. His whole personality was maimed by ruthless twist of fate. I still remember Vidya of happy days --------energetic and smiling .Vidya and his interesting T-Shirts were talk of the town.But after 75 days of mad pursuit of his lost brother, and after being exposed to wimps and fancies of politicians and policemen, he has become stone faced....and perhaps stoned hearted too. While Vidya was busy running pillar to post looking for some clue or traceof his lost brother, I --- his so called friend was sitting in a class room trying to become a good manager.The first lesson I learned in class was that everything comes with a trade-off.And now I wonder did I trade off good human being to become good manager? In class I learned how to value Bonds, Stocks, Assets etc, but in return I forgot few things,I forgot how to value tears of a 60 year old women whose son is missing for last 75 days.I forgot how to value pain of an old father, who is suffering at the hands of both oesophageal cancer and cancerous invasion of the external world in his peaceful family life.I forgot how to value unflinching hope of a wife, who even after 75 days of futile search for her husband still feels whether she would celebrate next ‘Karwachouth’ with him or not.I forgot how to value the loss of a four month old baby, who is on the verge of losing her father even before learning to pronounce "papa".But how does that matter to me anyways, what is important is that I learned to value bonds, stocks and options. So what if the world outside does not know the value of a human life.I learned to minimize objective function of cost, so what if I forgot how to minimize mental and emotional agony of a friend.I learned how to motivate people at my workplace, so what if my own friend stands drained of all motivations.Two days from now I will be flying out of the country, and will drown myself in euphoria of a paid vacation. But Vidya..........well, he will go back tohis battle ground running madly after weakest of clues he gets about his brother. There will be moments when Vidya will feel like crying but he will not shed a single drop of tears. How can he when he has younger brother and sister to console? How can he when his mother is already drenched in tears?How can he when his father is fighting a deadly disease in the hospital? But I did not worry about Vidya. I left Him immersed in his trials and tribulations of life. And me? Well, it had been HAPPY INTERNATIONAL IMMERSION for me................
POSTED BY SURAJ
Thursday, November 26, 2009
Tuesday, November 24, 2009
Monday, November 23, 2009
Results of 2009 Directi Case Study Competition are out
Results of 2009 Directi Case Study Competition are out.
Below email came as pleasant surprise to our team,Blogboosters from GMP,XLRI,Jamshedpur. Although we could not make into top five teams, We stood first among teams from XLRI,Jamshedpur.
"Your enthusiasm surpassed our wildest expectations, with over 480 teams and 1400 students participating. Choosing the best case studies was extremely difficult, there were so many great ideas and wonderful entries.
When our judging panel was done arguing, we were left with the top five teams from across the top B-Schools in India. These teams will be flown to Mumbai in December to present their case in front of the judging panel.
Below email came as pleasant surprise to our team,Blogboosters from GMP,XLRI,Jamshedpur. Although we could not make into top five teams, We stood first among teams from XLRI,Jamshedpur.
"Your enthusiasm surpassed our wildest expectations, with over 480 teams and 1400 students participating. Choosing the best case studies was extremely difficult, there were so many great ideas and wonderful entries.
When our judging panel was done arguing, we were left with the top five teams from across the top B-Schools in India. These teams will be flown to Mumbai in December to present their case in front of the judging panel.
The top 3 teams selected from the above list will win prizes of Rs. 1,50,000, Rs. 1,00,000, and Rs. 50,000 respectively.
Directi has also identified the top case-studies from each institute. Each member in these teams will receive a free domain name, web and email hosting package and website builders as prizes! Universities with more then ten submissions have three winners, while those with less then ten submissions have one winner.
Without further ado, the top submissions from each university are ... drumroll please: "
University - XLRI
Directi has also identified the top case-studies from each institute. Each member in these teams will receive a free domain name, web and email hosting package and website builders as prizes! Universities with more then ten submissions have three winners, while those with less then ten submissions have one winner.
Without further ado, the top submissions from each university are ... drumroll please: "
University - XLRI
Number of Submissions - 20
1st Blogboosters
Ankit Chordia
Anshuman Jaiswal
Omkar Mazzumdar
Pranit Prakash
2nd AA-AB-RP
Anshuman Jaiswal
Omkar Mazzumdar
Pranit Prakash
2nd AA-AB-RP
Abhinav Berdia
Amit Agarwal
Ruchir Pandey
3rd Fabfour
Amit Agarwal
Ruchir Pandey
3rd Fabfour
Saikat Das
Sourav Samtani
Vinay Joseph
Chintan Talati
Sourav Samtani
Vinay Joseph
Chintan Talati
Congratulations to everyone who participated and stay tuned for details on the finals.
CHICAGO—THE WINDY CITY
After a lot of confusion, postponements and cancellations the GMPians finally embarked on their “IMMERSION”.
The first, off the block, were team Tulane and Team Chicago. Our members were to be seen all over NSCB airport, Kolkata and then IGI airport, New Delhi. We had a break at Frankfurt and Air India gave us a first-hand feel of the forthcoming attraction “Jail” in the enclosure there. On our flight from Frankfurt to Chicago, aboard Air India, the food suddenly changed language to what appeared like German. I couldn’t make one sachet out from the other and for the first time in my life, I missed being in the company of the “Xerox guy” (he knows German, the way I know bengali).
At the O’Hare airport, Chicago we were greeted by our local student coordinator, Pooja. Despite the long and tiring journey, her appearance had infused new life into members of the Chicago team. The accommodation was arranged at nothing less than “Marriott- the Marriott” and people settled happily until food was served. All of us were sharing rooms (and beds and blankets) with our colleagues. The first feel of Chicago and Michigan Avenue was very pleasant and one only had to step out of the secure confines of the hotel to realize why Chicago (and this article) is called the windy city. The rooms had a fantastic view of Lake Michigan and the royal feel of downtown (the most posh address in Chicago. No Oprah doesn’t live here).
Dinner brought together the vegetarians to form the cooking club. And, were they well prepared! What else do you expect with an air-force officer at the helm of affairs? Their ration was large enough to feed an army and constituted everything from cereals, legumes, spices and condiments to the all terrain favourite “Maggi”. Breakfast continued to be the same day-break after day-break and even the most enthusiastic of the non-vegetarians lost hope after day four. When one of us declared that “he could eat anything that moves”, people started being more sombre in his company. That guy literally devoured everything that came his way (sometimes even without trying to identify the object of his affection). We were grateful that he did not ask for sea-food during our visit to the aquarium.
Our single point of contact (SPOC) was a powerhouse and had flown in, from Egypt, the same day as us. She took control from the very beginning and assigned the best faculty members to teach each lecture. In the very first session the Dean was mighty impressed with the stature of questions asked by the team members (I too was taken aback until I realized that there was limited and rational participation by section ’B’). They showed us around the library first so that our literary germs, lying dormant somewhere, would feel the urge to surface. Most of us didn’t bite the bait and kept our germs under control. The ‘educated ’one amongst us hit the library and gym with equal gusto (probably using the books as weights).
Pooja took very good care of all of us and guided us through Michigan Avenue, etc. despite her busy schedule. Our team members returned the favor by teaching her finance (taking turns to do so), until she had completely mis-understood the subject.
Michigan Avenue was like fashion-street. The best were dressed in the best and the strong wind didn’t seem to deter them from making new style statements everyday. Everyone was amazed at the gusts of wind that were like nothing we had ever seen before. One day when the vegetarian club cooked ‘chana’ my roomy made it even windier at night.
Visit to the “Chicago board of trade” was an eye-opener. Things like that are strictly out of bounds in India. To actually see trading on the floor (the call-out style) was just too good. For the first time in five months I had seen something louder and more chaotic than section ‘B’. The team leader had to spend considerable time in deciding on the gift for our educator at CBOT. My suggestion, to enclose a disclaimer saying that the sculpture wasn’t a yoga pose to be imitated, met with much disdain. (The sculpture was an idol of “Nataraj”).
Then we had team-mates who didn’t like the US of A because there was no-one to carry booze and grocery from the stores to the hotel. People who’ve never carried essential commodities for their biological kids carried heavy doses of booze over more than a mile or two. People’s dedication was commendable.
It wasn’t all hard work for team Chicago. Over the weekend we visited famous buildings, aquarium, museum and a boat-ride to appreciate the architectural marvel that’s Chicago. Every building had a past and every one of them appeared equally important. Some people tried the Indian restaurant down the street and some ate a lot of ‘khichdi’ because the president of the vegetarian club was away for the weekend. The other members of the club didn’t risk cooking anything else apart from ‘Maggi’.
And then the inevitable happened. One of us, who has a dubious “team-mates rights record” disappeared over the weekend not to appear on Monday much to the agony of one of us. While the agonized guy created a scene over the former’s disappearance, the former returned later on Monday night to say, ”Dude, I had a blast”. Well sir, so did we (though of a different kind). The agony uncle took an entire night to recover from the trauma thus caused.
People hit the internet like their lifeline. Face book helped exchange daily reports and experiences across time zones. The team from Manila was most eloquent and at one point I “unfriended” (the new word of 2009- recognized by Oxford dictionary) their communicator for spamming my face book too often. Surprisingly, the most silent were the guys in Germany. We are yet to hear from them. They are in our prayers. They were supposed to stay somewhere near a concentration camp and were accompanied by the Chairperson, GMP. The team at Tulane were participating in a lot of adventurous activities and one of them even appeared like an alien in a picture forwarded to us. A lady kept sending pictures of all the automobiles she had befriended and our mess-in-charge ate alligators (and liked them too). We are in for a surprise change in the menu when we get back.
Across geographies, the other thing that kept people binding and fretting was “Capstone”. People spent hours on their laptops trying to figure out how to get their team to the last but one position from the last position. Every time they logged-in, their strategy had been changed by another team member who could not be hit hard because he was in another continent. So, people kept brushing their vocabulary of Hindi curses and abuses lest they forgot the same in a foreign land. Most of have maintained our touch with Parliamentary language.
My trip came to an abrupt end due to an emergency back home. The mood of this article can tell that things are going well. Thanks to cooperation from all team-mates, our coordinator, their coordinator and our SPOC.
POSTED BY DR PALLAV
The first, off the block, were team Tulane and Team Chicago. Our members were to be seen all over NSCB airport, Kolkata and then IGI airport, New Delhi. We had a break at Frankfurt and Air India gave us a first-hand feel of the forthcoming attraction “Jail” in the enclosure there. On our flight from Frankfurt to Chicago, aboard Air India, the food suddenly changed language to what appeared like German. I couldn’t make one sachet out from the other and for the first time in my life, I missed being in the company of the “Xerox guy” (he knows German, the way I know bengali).
At the O’Hare airport, Chicago we were greeted by our local student coordinator, Pooja. Despite the long and tiring journey, her appearance had infused new life into members of the Chicago team. The accommodation was arranged at nothing less than “Marriott- the Marriott” and people settled happily until food was served. All of us were sharing rooms (and beds and blankets) with our colleagues. The first feel of Chicago and Michigan Avenue was very pleasant and one only had to step out of the secure confines of the hotel to realize why Chicago (and this article) is called the windy city. The rooms had a fantastic view of Lake Michigan and the royal feel of downtown (the most posh address in Chicago. No Oprah doesn’t live here).
Dinner brought together the vegetarians to form the cooking club. And, were they well prepared! What else do you expect with an air-force officer at the helm of affairs? Their ration was large enough to feed an army and constituted everything from cereals, legumes, spices and condiments to the all terrain favourite “Maggi”. Breakfast continued to be the same day-break after day-break and even the most enthusiastic of the non-vegetarians lost hope after day four. When one of us declared that “he could eat anything that moves”, people started being more sombre in his company. That guy literally devoured everything that came his way (sometimes even without trying to identify the object of his affection). We were grateful that he did not ask for sea-food during our visit to the aquarium.
Our single point of contact (SPOC) was a powerhouse and had flown in, from Egypt, the same day as us. She took control from the very beginning and assigned the best faculty members to teach each lecture. In the very first session the Dean was mighty impressed with the stature of questions asked by the team members (I too was taken aback until I realized that there was limited and rational participation by section ’B’). They showed us around the library first so that our literary germs, lying dormant somewhere, would feel the urge to surface. Most of us didn’t bite the bait and kept our germs under control. The ‘educated ’one amongst us hit the library and gym with equal gusto (probably using the books as weights).
Pooja took very good care of all of us and guided us through Michigan Avenue, etc. despite her busy schedule. Our team members returned the favor by teaching her finance (taking turns to do so), until she had completely mis-understood the subject.
Michigan Avenue was like fashion-street. The best were dressed in the best and the strong wind didn’t seem to deter them from making new style statements everyday. Everyone was amazed at the gusts of wind that were like nothing we had ever seen before. One day when the vegetarian club cooked ‘chana’ my roomy made it even windier at night.
Visit to the “Chicago board of trade” was an eye-opener. Things like that are strictly out of bounds in India. To actually see trading on the floor (the call-out style) was just too good. For the first time in five months I had seen something louder and more chaotic than section ‘B’. The team leader had to spend considerable time in deciding on the gift for our educator at CBOT. My suggestion, to enclose a disclaimer saying that the sculpture wasn’t a yoga pose to be imitated, met with much disdain. (The sculpture was an idol of “Nataraj”).
Then we had team-mates who didn’t like the US of A because there was no-one to carry booze and grocery from the stores to the hotel. People who’ve never carried essential commodities for their biological kids carried heavy doses of booze over more than a mile or two. People’s dedication was commendable.
It wasn’t all hard work for team Chicago. Over the weekend we visited famous buildings, aquarium, museum and a boat-ride to appreciate the architectural marvel that’s Chicago. Every building had a past and every one of them appeared equally important. Some people tried the Indian restaurant down the street and some ate a lot of ‘khichdi’ because the president of the vegetarian club was away for the weekend. The other members of the club didn’t risk cooking anything else apart from ‘Maggi’.
And then the inevitable happened. One of us, who has a dubious “team-mates rights record” disappeared over the weekend not to appear on Monday much to the agony of one of us. While the agonized guy created a scene over the former’s disappearance, the former returned later on Monday night to say, ”Dude, I had a blast”. Well sir, so did we (though of a different kind). The agony uncle took an entire night to recover from the trauma thus caused.
People hit the internet like their lifeline. Face book helped exchange daily reports and experiences across time zones. The team from Manila was most eloquent and at one point I “unfriended” (the new word of 2009- recognized by Oxford dictionary) their communicator for spamming my face book too often. Surprisingly, the most silent were the guys in Germany. We are yet to hear from them. They are in our prayers. They were supposed to stay somewhere near a concentration camp and were accompanied by the Chairperson, GMP. The team at Tulane were participating in a lot of adventurous activities and one of them even appeared like an alien in a picture forwarded to us. A lady kept sending pictures of all the automobiles she had befriended and our mess-in-charge ate alligators (and liked them too). We are in for a surprise change in the menu when we get back.
Across geographies, the other thing that kept people binding and fretting was “Capstone”. People spent hours on their laptops trying to figure out how to get their team to the last but one position from the last position. Every time they logged-in, their strategy had been changed by another team member who could not be hit hard because he was in another continent. So, people kept brushing their vocabulary of Hindi curses and abuses lest they forgot the same in a foreign land. Most of have maintained our touch with Parliamentary language.
My trip came to an abrupt end due to an emergency back home. The mood of this article can tell that things are going well. Thanks to cooperation from all team-mates, our coordinator, their coordinator and our SPOC.
POSTED BY DR PALLAV
Sunday, November 22, 2009
Seminar on US-India Trade & Investment
A high level seminar was organized by the Chicago Council on Global Affairs and the Confederation of Indian Industry (CII) on “US-India Trade and Investment". The seminar was in conjunction with Prime Minister Dr. Manmohan Singh’s visit to Washington D.C., the first official state visit for President Barack Obama, which will be held in the coming week.
The seminar was attended by U.S. business executives and an India business delegation, led by CII’s Director General. As part of the International immersion program, Loyola College Chicago arranged for 15 GMP students from XLRI, India to attend the seminar as participants. The delegation of CII comprised of 15-20 senior business executives from major firms in India. The executives had traveled to meet with U.S. businesses and explore opportunities of trade investment and collaboration. Some of the major Indian executives were-
Chandrajit Banerjee
Director General
Confederation of Indian Industry
Arvind Mehra
Senior Vice President –Strategy
Mahindra & Mahindra
Ashutosh Shukla
Vice President, US Office
Mindtree Ltd
Atul Kunwar
President – Global Operations
Mahindra Satyam
Mahendra Agarwal
Managing Director
GATI Ltd
VS Parthasarthy
Executive Vice President-Mergers & Acquisitions and Corporate IT
Mahindra & Mahindra
The keynote addresses were delivered by Dr. Sam Pitroda on “A Vision for Innovation” and Dr. Raghuram Rajan on “An outlook on the Global Economy”
The program also included three panel discussions with U.S. and Indian business executives which explored-
• Opportunities for Business Partnerships
• Manufacturing Collaboration
• Green Energy Collaboration
The GMP group got a chance to interact with Dr. Sam Pitroda wherein they discussed the challenges to the Indian education sector.
In his address, Dr. Pitroda talked about his reminiscences of Chicago. He talked about the implications of having a billion connected people in India. The Indian government is implementing the recommendations of knowledge commission which was set up under Dr. Pitroda. He highlighted the fact that in the west, markets drive innovation whereas in the developing countries needs drive innovation. He justified developing a new model of innovation for India as the US model had high cost structures and lacked the mindset to solve needs of people. Dr. Pitroda highlighted how US can partner India in developing and implementing the new model whose features are-
1. Focus on durability and not disposability
2. Nurturing nature and not fighting nature
3. Low cost yet scalable
The keynote address was followed by panel discussions wherein the students got an idea about apprehensions of US industrialists who want to operate in India. The discussion also gave insights into the mantra of successful partnerships between Indian and US firms.
The culmination of the seminar was by the insightful speech of Dr. Raghuram Rajan. He minced no words as he talked about his outlook of the global economy. The impartial and pertinent speech was a clear indication to students as to why he had been especially chosen as the chairman of the committee which is proposing financial sector reforms in India to the Indian Planning Commission.
The key points brought out by his speech were-
1. The initial decline in world GDP was higher as people had feared that the recession will convert into deep depression of 1930s.
2. 2011 will be a crucial year as by then the effect of stimulus package would be over and further growth will depend on corporations and users fuelling the growth.
3. Since unemployment remains high and prices of houses show little recovery, the future is not that rosy.
4. The central banks will face the challenge of controlling inflation while the growth driver
In developing economies will be domestic demand.
5. Many Asian countries might follow China’s move of pegging their currency against the dollar.
6. The manufacturers in emerging markets can empathize with the needs of people of their countries and are thus in better position to solve them vis a vis people from developed countries as was seen in the case of Tata Nano.
The XLRI group was highly impressed with the eloquent speaker who explained the financial condition of the global economy lucidly without even using any difficult jargon of finance. Listening the views of the two prolific thinkers provided a great learning opportunity to the students. The seminar also provided the students an opportunity to interact and learn from the business leaders of India and the United states.
The seminar was attended by U.S. business executives and an India business delegation, led by CII’s Director General. As part of the International immersion program, Loyola College Chicago arranged for 15 GMP students from XLRI, India to attend the seminar as participants. The delegation of CII comprised of 15-20 senior business executives from major firms in India. The executives had traveled to meet with U.S. businesses and explore opportunities of trade investment and collaboration. Some of the major Indian executives were-
Chandrajit Banerjee
Director General
Confederation of Indian Industry
Arvind Mehra
Senior Vice President –Strategy
Mahindra & Mahindra
Ashutosh Shukla
Vice President, US Office
Mindtree Ltd
Atul Kunwar
President – Global Operations
Mahindra Satyam
Mahendra Agarwal
Managing Director
GATI Ltd
VS Parthasarthy
Executive Vice President-Mergers & Acquisitions and Corporate IT
Mahindra & Mahindra
The keynote addresses were delivered by Dr. Sam Pitroda on “A Vision for Innovation” and Dr. Raghuram Rajan on “An outlook on the Global Economy”
The program also included three panel discussions with U.S. and Indian business executives which explored-
• Opportunities for Business Partnerships
• Manufacturing Collaboration
• Green Energy Collaboration
The GMP group got a chance to interact with Dr. Sam Pitroda wherein they discussed the challenges to the Indian education sector.
In his address, Dr. Pitroda talked about his reminiscences of Chicago. He talked about the implications of having a billion connected people in India. The Indian government is implementing the recommendations of knowledge commission which was set up under Dr. Pitroda. He highlighted the fact that in the west, markets drive innovation whereas in the developing countries needs drive innovation. He justified developing a new model of innovation for India as the US model had high cost structures and lacked the mindset to solve needs of people. Dr. Pitroda highlighted how US can partner India in developing and implementing the new model whose features are-
1. Focus on durability and not disposability
2. Nurturing nature and not fighting nature
3. Low cost yet scalable
The keynote address was followed by panel discussions wherein the students got an idea about apprehensions of US industrialists who want to operate in India. The discussion also gave insights into the mantra of successful partnerships between Indian and US firms.
The culmination of the seminar was by the insightful speech of Dr. Raghuram Rajan. He minced no words as he talked about his outlook of the global economy. The impartial and pertinent speech was a clear indication to students as to why he had been especially chosen as the chairman of the committee which is proposing financial sector reforms in India to the Indian Planning Commission.
The key points brought out by his speech were-
1. The initial decline in world GDP was higher as people had feared that the recession will convert into deep depression of 1930s.
2. 2011 will be a crucial year as by then the effect of stimulus package would be over and further growth will depend on corporations and users fuelling the growth.
3. Since unemployment remains high and prices of houses show little recovery, the future is not that rosy.
4. The central banks will face the challenge of controlling inflation while the growth driver
In developing economies will be domestic demand.
5. Many Asian countries might follow China’s move of pegging their currency against the dollar.
6. The manufacturers in emerging markets can empathize with the needs of people of their countries and are thus in better position to solve them vis a vis people from developed countries as was seen in the case of Tata Nano.
The XLRI group was highly impressed with the eloquent speaker who explained the financial condition of the global economy lucidly without even using any difficult jargon of finance. Listening the views of the two prolific thinkers provided a great learning opportunity to the students. The seminar also provided the students an opportunity to interact and learn from the business leaders of India and the United states.
Thursday, November 19, 2009
VISIT TO CHICAGO BOARD OF TRADE
We have seen it on television, frantic traders shouting at the top of their voices, biggest brokerage houses calling the shots, agents handling 4 computer screens at one time….it can’t get bigger than this. And we saw all this LIVE. The 15 students group of General Management Program, XLRI at Loyola University, Chicago was taken for a tour of Chicago Board of (CBOT) which is part of the CME group. Incidentally, highest volume in commodity trade in the world happens at CBOT.
The tour started by a 40 minute video elucidating future contracts and emphasizing their importance. True to Chicago’s style the video was as very lively and entertaining. The tour brought out how future trade helps in price discovery and transfer of risk. The tour categorized traders as the following- Hedgers who try to smooth out the prices and thus try to manage risk. While others are Speculators who are interested in swinging the price to their favor. Both work on sound technical principles of statistics.
The tour was coordinated by Professor Schwartz, a Senior Professor at Loyola College along with Pooja and Michelle, and both MBA students at Loyola. At CBOT it was Mr. Curt Zuckert, Associate Director at CME group who explained the working of the Globex model of CBOT.
For those of who are wondering why is there any floor trading in the electronic age, well we had the same feelings. But as MR Zuckert explained – the floor trading has been popular for ages, much before the electronic trading started. Many people who trade on the floor are the ones who are most comfortable with this system of trading for quite some time now. Also there is opportunity to make money out of arbitrage opportunities between prices in the pit and on the Globex. Some of the brokers derive both the pleasure of trading in a pit and the convenience of electronic trading by having their terminals in the pit itself. The value of time in trading goes down to nano seconds as some brokers have located their offices right next to CBOT in order to save on transaction time.
The CME group employs about 2200 people and out of them 1200 are technical guys maintaining their exchanges.
After a detailed tour of CBOT trading pits the group experienced simulated trading in S&P futures. That was an experience of its own kind to see the index gyrating back and forth and giving enough opportunities to make and lose money. Mr Zuckert , through these simulations brought to light the subtle principles of trading e.g. The more you trade the less money you make, importance of algorithms in high speed trading, etc. Another subtle difference in trading electronically and trading on the floor is that in the former the top ten bids (both buy and sell side) are displayed while in the latter only the top bid on each side is displayed. So the buyer and seller have limited idea on what is the underlying sentiment of the market. Also the electronic trading gives you option of analyzing various other news information happening worldwide while you are trading.
In the pit there are people varying different colored jackets. The clerks, brokers etc wear different color jackets. The broker’s agents communicate using hand signals with other people from their brokerage house who are sitting on the sidelines away from the pit. Due to the noise in the pit, it is difficult to communicate on the phone. So here we saw trades worth millions of dollars happening using mere hand signals.
The tour gave rare insight into real time floor trading and working of the largest commodity exchange in the world. The group learnt how such massive volumes were handled professionally highlighting the best practices of the exchange.
Sunday, November 15, 2009
From State Owned firms to world class competitors
Follow the link for my assessment of recently concluded Round table conference at Asian Institute of Management, Manila.
http://anshuman-jaiswal.blogspot.com/2009/11/from-state-owned-firms-to-world-class.html
Wednesday, November 11, 2009
Insighful Forum on SOE
Attended an insighful Forum on State-Owned Enterprises to World-Class Competitors: Creating Innovative and Entrepreneurial State-Owned Firms organized by The Asian Institute of Management (AIM), in cooperation with the AIM Policy Center and the Konrad Adenauer Foundation,
More details @ http://www.aim.edu.ph/events.aspx?id=349
More details @ http://www.aim.edu.ph/events.aspx?id=349
Saturday, November 7, 2009
Trip to Tata Motors
It was great experience to see Test facility and World Truck assembly lin followed by a presentation that gave us a wonderful overview of Tata Group, Tata Motors and Jamshedpur unit. Tata Motors's focus on safety, quality and service to communities was is truly exemplary.
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