Stock and Flow variables are one of the basic concepts of Economics. Unfortunately, they are not covered in current MBA curriculum (at least based on the courses I attended). But I feel that the concepts are also important beyond the subject of economics and helps in analyzing various commonplace notions/ comparisons people (wrongly) make. Stock... Continue Reading →
My organization is undergoing "yet another" corporate restructuring. It happens so frequently that I think it is one of the deliverable or KPIs of the top management - every year they would announce some "significant corporate restructuring" to make the organization "lean, agile and responsive". CEO announced organizational changes in a long email and said that his... Continue Reading →
What is a Metric? Here I am referring to the first definition i.e. a system or standard of measurement, and not the Metric system. Metrics are for measurement. Business Metrics are for measuring Business parameters. Key Performance Indicators (KPIs) are for measuring performance. Critical Success Factors (CSFs) are for measuring the outcome (of an initiative or a... Continue Reading →
Not sure if you follow Vijay Shekhar Sharma, the founder of Paytm. He is a very interesting and inspiring person and he is just 37 Sharing few interesting links. Vijay Shekhar Sharma, founder of Paytm sold 40% of company for 8 Lakh when he was in crisis, coz he had borrowed money at 24% per... Continue Reading →
"The bitterness of poor quality remains long after the sweetness of low price is forgotten."
Usain Bolt has won 9 gold medals in last 3 Olympics and he has run less than 2 mins on the track. That's economy of effort… Usain Bolt ran for less than 115 sec in total in his 3 Olympics career and made $119 Million! That's more than $1 Million for each second... Continue Reading →
An economics professor at a local college made a statement that he had never failed a single student before, but had recently failed an entire class. That class had insisted that socialism worked and that no one would be poor and no one would be rich, a great equalizer. The professor then said, "OK, we... Continue Reading →
Interesting talk by Gaurav Agarwal, IAS 2013 Rank 1. Innovative example of Cricket to make a point about Politics (watch at 24:0 minutes) https://www.youtube.com/watch?v=4S4gM6vW8S8 I stumbled upon this by chance and then watched few mock IAS interviews. I'll write a detailed post about IAS later (couple of them who I have met and many... Continue Reading →
Unless commitment is made, there are only promises and hopes; but no plans - Peter F. Drucker This quote by Drucker reminded me of what our Economics Professor had said in class: Difference between a mission (or a programme) and a slogan is the committment of resources. A mission is backed by necessary resources (budget,... Continue Reading →
Watched this video on W Edwards Deming...this man reminds me of Charlie Munger...another person with tremendous wit and wisdom! https://www.youtube.com/watch?v=mCkTy-RUNbw https://www.youtube.com/watch?v=8jc5fDsgVw0 Check this Charlie Munger video too! https://www.youtube.com/watch?v=4ibabROYccs
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