Showing posts with label US. Show all posts
Showing posts with label US. Show all posts

Monday, July 29, 2013

The ugly duckling

He sat by the tracks and felt the line come to life. The rail road quivered, excitedly. And in his little toes, he felt the same excitement as the distant rumble rolled closer. He put down the diary in which he was giving words to his angry tears and got to his feet. The ballast poked and pricked at his bare feet but he couldn’t feel any of it.

The green engine loomed into view, and charged towards the boy like a ravenous monster gobbling up the horizon. The boy, turned and looked at the train, and from the fire in his eyes, you could tell he had been waiting… for this day, and for this train.

The train too seemed to know its nemesis. As it came closer, it picked up speed, as if sure of victory. The boy though was tired… tired of being picked on… picked on for being too scared, too fat, too slow, too dull and for being too black. He swore it would all end today.

The train drew near and was nearly upon the boy when those bare feet struggled against the ballast and propelled his tiny form forward. The diary, the stubby pencil and all that remained of his inhibitions were flung into the bluebells by the tracks as his arms carved the air like a buccaneer waving twin cutlasses. The train thundered past the boy as he turned his head from side to side in a desperate attempt to pick up speed. Blur against blur tore through the country side. The train was crashing towards the opposite horizon but the boy had an old oak standing in his path. As the oak drew near, the boy calves beat down on the dirt like pistons, his nostrils flared and eyes narrowed as he drew level with the train. For a frozen moment, engine and boy were locked in a frame, and then the boy inched ahead. The boy’s head turned as he pulled away and the fierce eyes took in the victory. In that moment, the boy returned to those eyes and as he sprinted past the oak, he broke into a wide grin. It was his first victory but it wouldn’t be his last.

The train would lose many more times, and years later, still fuelled by the hurt and anger that burnt up a childhood, Herschel Walker would trample down defensive line-men like a rogue bull-elephant crashing through a brittle bamboo fence. As a shy and timid child in racially charged Georgia of the 70s, he was often beaten up by white kids. He had a speech impediment and was ridiculed for it by both students and teachers. He was too fat and slow to be any good at sports.

Then one day, he started racing the train. He raced and raced till his legs hurt and his lungs burned and the day he won, he refused to ever feel fear again. While watching television, he started doing pushups during commercials. And he ended up doing thousands of them. Pushups, sit-ups, dips, hundreds even a thousand, each day. And he ran. He even tied a rope to a tyre and pulled it as he ran.

Young Herschel came from a poor family, and his school had no gymnasium to speak of. He was un-athletic and weak. But he let none of it get in his way. Within a couple of years, Herschel had become one of the quickest and strongest boys in school. No one picked on him now. But they did pick him for the football team. And college football in the United States, just so you know, is perhaps the pinnacle of amateur sports. The stands are always full and the best players are the biggest celebrities in the state.

Years later Herschel had said that he did not hold anything against the white boys who had heckled him, nor for the racist slurs or the constant taunting, for he said he realized that they are the ones who had problems. And they just took out their problems on weak and meek little Herschel. But it is they who fuelled the fire that forged Herschel Walker as we know him today. When he talks about them now, Herschel almost sounds grateful.

But those days in school, Herschel took out all that repressed anger in the football field. He was just too fast and too strong for the opposition. Colleges queued up for him and at the University of Georgia, Herschel found immortality. He became the biggest name in college football history and broke records and bones each year to win the Sugar Bowl for his college and the Heisman trophy for himself.  And while playing football like a pro, the ‘stupid black kid’ had also studied hard and smart to become a valedictorian.
The freight trains he raced as a child had come back to haunt those who stood in his way, for Walker would charge through line ups like his old racing partner.

Though a Hall of Famer Herschel didn’t quite win the same honours in the senior NFL (National Football League). That wasn’t because of Herschel’s lack of trying though. He still continued to break records as a running back. But the teams he played for just weren’t good enough those years to make good on Walker’s enormous talents. In 1997, Herschel Walker retired from football. Some would say his career did not attain the stratospheric heights his talent and power truly deserved. But Herschel would tell you that he soared further and higher than he or anybody else ever thought that timid little kid would go.

But why am I wasting your time over a retired football player? And that too the kind of football we neither play nor watch. Well, that’s because a few days ago, while preparing for a local martial arts tournament, I went to YouTube looking for videos of Fedor Emelianenko (for the sacrilegious few who don’t know who that is, Fedor is the Muhammad Ali of mixed martial arts -MMA) for inspiration. And there I ran into videos of a 50 year old Walker who had now started competing in MMA, fighting fighters half his age and winning.

Look around you. That man is in mindboggling shape at 50, far ahead of where most of us have ever been or will be, and therein simmers the purpose of this tale.

Herschel Walker doesn’t go to a gym. He doesn’t eat any fancy foods. In fact he just eats once a day. While in college he was too busy working, playing, studying and training to think about eating, and so the habit stuck. He might have a fruit or some water through the day but at night, around 8 or 9 pm, he has soup and salads and a little something to eat, but not very much. And no red meat… in fact not much meat at all. Incidentally, even our ancient yogis recommend eating just once a day.

And as for exercise, Herschel still cranks out 1500 to 5000 push ups and sit ups every day. And some handstand push ups to wrap things up. Then he runs, sometimes with a tyre, like he used to all those years ago. And he wraps it all up in the wee hours of the morning.

 Herschel doesn’t just look young. He fights like a young man too. Herschel’s cardiovascular fitness would rank higher than most athletes half his age, or for that matter, any age. That man seems to have the fountain of youth burbling inside him and all you just read seems to be all you need to do.

Strength, especially in the upper body, usually is the last to go. Which is why most of us who have gently crept past our mid 30s and are living out our lives doing little more than swiveling in a chair never find out how unfit we have become till we have to run a few paces in an emergency. Panting for breath, we resolve to renew that gym membership, but unfortunately that’s all we do – renew the membership, not our lives.

But Herschel’s life tells you that you have no excuses. That no matter how ugly the start today, there’s a gorgeous swan flapping its wings inside us, waiting to soar... All we need to do is build a  little will and take off from our perch.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman

ExecutiveMBA

Friday, May 10, 2013

How will the ‘Age of Big Data’ affect management?

Will access to Big Data further enable fact-based decision-making or analysis paralysis? Will analytics, as well as the supply of analytics-savvy managers, so badly lag ‘big data’ that it will only lead to confusion and misguided decisions? An exclusive HBS Working Knowledge article.

Ideas and trends converge from time to time in a way that suggests the possible shape of the future. Sometimes I think I can comprehend what they may mean. But other times I know I need help. This is one of those times.

Just two decades ago, we didn’t have Google and other information sources; storage constraints would not have permitted Google to provide everyday access to the ‘world’s information’. If we had had the information, we couldn’t have accessed it effectively anyway. Email systems were not widely available, let alone mobile devices with capacity to access the data. Now the capacity to store and access information through cloud computing is so great that we are entering a post-Google era in which new organisations like Factual (founded by a former Google employee) have set as their goal that of providing access to all of the world’s facts. Presumably this means data such as the location of every factory in the world, data that has not already been massaged and spun. Some facts have to be acquired and organised. Other facts are generated by so-called digital sensors operating worldwide in industrial equipment, autos, and the like. By linking the sensors, an ‘industrial Internet’ can be created. These trends appear to have ‘opportunity’ written all over them, particularly for those who are training now for jobs in data analytics. In addition to less wasteful marketing efforts (we should be able to know, for example, ‘which half’ of advertising is effective, thereby making an old marketing saw obsolete), they should produce more effective business strategies and inject added certainty into the appraisal of opportunities for new business startups. Furthermore, analytics (not the data) should be a source of continuing competitive advantage. In his new book, Charles Duhigg describes how the retailer Target uses data on consumption patterns to discern and address promotions to pregnant customers, perhaps even before they’ve announced their pregnancy to friends (and Target competitors). This is particularly important because pregnancy is one of those life events associated with significant shifts in consumption habits.

A problem is that the shortage of experts in data analytics (some call them ‘data whisperers’) is so acute that it may be years before a sufficient supply can be trained. The McKinsey Global Institute estimates that up to 190,000 are needed now in US, along with 1.5 million managers capable of using their work. The shortage appears to be growing along with the potential for competitive advantage associated with data analytics.

This all raises many questions. Will the age of big data eliminate most or all uncertainty from business decisions for those most able to make effective use of ‘all the facts in the world?’ Will it fuel the next ‘gold rush’ for talent in a quest for competitive advantage? Will analytics, as well as the supply of analytics-savvy managers, so badly lag ‘big data’ that it will only lead to confusion and misguided decisions? Or is this just the latest management fad? How, if at all, should this affect education for management? What do you think?


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles
 
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman

ExecutiveMBA

Wednesday, May 1, 2013

“There is no problem in power generation in India!”

Dipak Dasgupta, Principal Economic Adviser - Ministry of Finance, in an interview with Sray Agarwal and Ganesh K Roy, on reforms for infrastructure and transport

How do you feel about the Indian Economy right now?
Dipak Dasgupta (DD):
There is no doubt that the Indian economy has slowed down and the reason for this is a function of strategy failure and that the investors have lost their confidence. The last year scenario also has not been favorable; but this is not a new thing rather it’s the investment cycle which remains in every developing economy all around the world. That [investment cycle] is what drives the course of any economy. At the same time, the problems in Europe and US have hampered the growth of many countries and we are not alone. China too is going through this phase. The last time we had that cycle was in the year 2008. Export markets are growing very badly. We also need a logistics revolution so that growth can been accelerated. Despite having poor infrastructure, we have been able to grow at such a high rate; but now we need a major infrastructure revolution so that we can again reach to the erstwhile levels. Ours is a large landlocked country, which is much like a continent; so we need to connect all the corridors to achieve better growth. But we don’t have that kind of a system right now in our country. We have a young population which will help us to grow in the long run. We need more public private partnerships in India to make things better. There is a huge skills gap between public and private firms – which makes it imperative for the PPP model to flourish in India. We are in a marathon race and not in a 100 metres race; so we need long term plans which will enhance our economy. 

Power failures, time overruns, cost overruns, are the indicators of structural flaws in the economy. How do you think India can overcome these hurdles?
DD:
Power generation is growing at 8.8 % in India. In fact, contrary to the general perception, there are huge power plants coming up in India; this shows the level of development that we are going through. Yes, here we have a system where some states are producing huge amount of power and some are not and the demand is also not equal in each state. There is no problem at the production end; rather, we have a problem at the distribution end and in the channels. We have built a state of the art facility in the field of power generation so there is no problem at the generation part.

But the slowdown did not happen overnight. Do you think the government’s policy paralysis added on to this situation?
DD:
We need to do things every day because doing things once in a year won’t do well for any economy. We need to bring in reforms every now and then so that the growth story is kept on going. In the government sector, incentives are less and performance parameter are also not standardized. Politicians respond to what the electorate wants. How to make the public sector work better is the challenge. A strong leadership is the need of the hour.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles
 

Tuesday, April 30, 2013

Busting the India vs China myth!

Comparing India with China, and looking to grab a few brownie points here and there, is a popular obsession with Indians in the past few years. But after Visiting China several times in the past and looking at how the Chinese have developed their economy and built world class brands, the entire debate only appears an exercise in futility

My visit to the Middle Kingdom over a decade back convinced me that New Delhi would not evolve into a Beijing if we worked round the clock for 25 years. When I revisited the capital city last year, I could see the accomplishment of 25 additional years of progress in ten years!

The reality of the unending Chinese miracle hit me harder when I looked at how Guangzhou has developed in just over the past decade. It seems we won’t even reach that level if we work round the clock for another 50 years. When I see how China developed Guangzhou as its industrial hub and how India developed Bangalore at its IT hub (both commenced their ascent at around the same time in the early 1990s) it appears to be a tale of two attitudes, rather than cities. By sheer numbers, the PricewaterhouseCoopers’ Global City Ranking Index for 2010 shows Guangzhou ranked at 44 with a GDP of $143 billion, while Bangalore is ranked much lower at 84 with a GDP of $69 billion.

For over much of the past decade and counting, the ‘India vs China’ debate has persisted across several levels. Both western and Indian media (for their individual reasons) have been particularly boisterous and over-the-top with this comparison on several grounds; and have picked up every possible opportunity to take it up. This was visible, for instance, when US Secretary of State Hillary Clinton came over for a visit and commented on how India should aspire for a parallel role in the region, or when it was being predicted by some economic reports that India’s GDP growth rate would outpace China by 2013-15. From my perspective, all that this debate can realistically provide is a generous daily dose of rollicking entertainment! India may have merited a comparison with China a decade and a half back, but we have crossed that bridge long ago. You may call this assertion unpatriotic, and it is quite obviously unpopular with Indian readers; but this is the plain truth.

Coming back to the two cities I talked about, there are many more surprises in store when you look further into the intricacies of Guangzhou’s numbers. Around 2.5 million women are working in the city, and the employment rate for women has surged three-folds to 70.84% in a decade. Life expectancy for women has risen by 4.5 years to 81.33 years and 49% of graduates are women, who are actively playing their role in sectors like science, technology and education. At around $17.8 billion (2010 figures), the city’s FDI figures are over six times that of Karnataka at around $2 billion (2008-09 data, of which Bangalore would presumably have a major share). The visionary Chinese specifically chose a port city to take advantage of sea trade. Also, the government strategically divided the city into multiple special economic zones to further attract foreign investment. For instance, The Guangzhou Economic & Technological Development Zone caters to technological manufacturing and also serves chemical, electric machinery, food, electronic equipment, metal fabrication and beverage industries. The Guangzhou Nansha Export Processing Zone is meant for automobiles, biotechnology and heavy industries. Easy access has been provided to Shenzhen Port and Baiyun airport to ensure fast movement of goods. The four auto companies in Guangzhou, who are in JVs with 50 major global auto companies, were on target for producing 1000000 cars by 2011. Bangalore, meanwhile, has insensibly avoided division of the city into special manufacturing hubs. Some areas like Inner Ring Road (where we have offices of major multinationals like IBM, Microsoft, Dell and Yahoo!) have become clustered zones for specific industries, but not by design. Also, there are no specialised trade zones in Bangalore, so synergy is hard to achieve.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles
 

Friday, January 4, 2013

Slumdog millionaire: firangi style

One look at the First World reveals a much darker side to poverty

The earmarked poverty line in the US is $22,050 annually for a family of four. This figure is derived by a standard mechanism way back in 1960s, which quite naturally is outdated. A recent survey indicates that the figure will be twice as much today as compared to the one four decades ago. There are about 41 million families in the US, out of which 12.5% are below Poverty Line. The total count below the poverty line is a staggering 35.9 million people; a huge figure, yet better than the averages of 1980s and 1990s. Interestingly, there are over 73 million children in US; and 18% of them belong to the poor families. The poverty rate is 10.8% in the age group of 18 to 64 and 10.2% in the age group of above 64.

The worst off people in US are the unskilled illegal immigrants, a majority entering the country crossing the porous border with neighbouring Mexico. For a long time, the US government has made only a half hearted attempt to stop illegal immigration, as it is highly profitable for US employers to exploit them with less than minimum wages and facilities.


Source : IIPM Editorial, 2012.
An Initiative of IIPMMalay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles.

Friday, December 7, 2012

Lets talk now!

US finally realised it for a change

Well let’s look at it this way. Finally Iran and its intransigence is of some use to the world. At least it’s helping to bring some sanity in the US’s way of looking at the world and solving some key global issues. The US for once realized that Iran is no Iraq and that it cannot solve this issue on its own but would require the help of its erstwhile bete-noire Russia’s help in this case. Obama’s confidential letter to the Russian president Medvedev exemplified that. It was stated in the letter that the US will shelve the interceptor missile system that it plans to install in Poland with a hi-tech radar facility in Czech Republic, provided Russia successfully pursues Iran to shelve some of its nuclear ambitions. While Bush offered it as a direct quid pro quo, Obama on the other hand is trying to involve Russia as a strategic ally not only in the Iran issue, but also in war on terror in Afghanistan. It also talked about renewing arms treaty between the two countries that is expiring this year. However, Russia’s pride and Cold War hangover was instrumental in their refusal to the offer (denying being a second fiddle to the US), albeit expressing desire to talk on missile defense plan with the US. Obama is also considering a Russian proposal (which Bush refused) to install a part of the missile defense system on their own soil, so that it cannot be used against them. He is likely to respect the proposal only if it is effective and affordable.

Time since the Soviet disintegration, Russia has never got the right kind of treatment from the US that it always deserved. Even when Russia was included in G8, a certain antagonism still prevailed. If Obama succeeds in mending the relationship between the US and Russia by giving the latter its due respect, it’s for certain that many of the world’s major predicaments would be solved much more amicably. There are several issues on which Russia and the US do think on similar lines but for the needless turf war between the two, they refuse to accept it.


Source : IIPM Editorial, 2012.
An Initiative of IIPMMalay Chaudhuri

For More IIPM Info, Visit below mentioned IIPM articles.

Thursday, November 8, 2012

Thank God, I managed to pass!

Although the real impact of the US slowdown is yet to be felt, India Inc. is facing the brunt in advance

Perhaps ‘slowdown’ is the most talked about word since we entered the year 2008. Raison d’être, the present state of the US economy! While the world is going apprehensive over a probable recession in the US and its impact on the world economy, the word slowly and quietly seems to associate itself with India Inc. A closer look at its Q3 report card confirms the same.

After a superb show for quite sometime now, India Inc.’s profitability seems to be on a downward slope for the third quarter of the financial year 2007-08. As per the results announced so far (2,024 companies as on February 4, 2008) aggregate gross sales of India Inc. stand at Rs.5.49 trillion as compared to Rs.4.75 trillion for the same period in the previous fiscal, registering 15.5% growth. Indeed way below the 28% growth recorded during Q3 FY 2006-07. However, the worst is when you consider the reported profit after tax growth figures, which have come down to 27% to reach Rs.704 billion from a high of more than 50% in Q3, 2006-07. So who is to be blamed?

“Rising input prices are the culprit,” reasons R. K. Gupta, MD, Taurus Mutual Fund. According to him, “Prices of raw materials have gone up during last half year or so. But due to the market competition, companies are failing to pass it to consumers. As a result their bottom line is getting affected.” A further analysis of profitability reveals that the growth story dips further (to 24%) if one doesn’t considers India Inc.’s ‘other incomes’, which would perhaps be injustice as other incomes is one area that India Inc. would gloat over; after all it has gone up by a whopping 77.5%. But then, what about the volatility in the share market? Isn’t this decline in growth going to affect it further? “Markets will definitely react to Q3 earnings, but they will be more interested in the future earnings due to the fact that better earning prospects will continue to lure investors, despite a poor previous quarter earning acting as a caution,” says an optimistic K. K. Mittal, Fund Manager, Escorts Mutual Fund. However, one thing is for sure – the current Q3 results will not help much in eliminating the ongoing volatile phase in the market.


Source : IIPM Editorial, 2012.

For More IIPM Info, Visit below mentioned IIPM articles.

 
IIPM : The B-School with a Human Face

Monday, October 22, 2012

THINK-TANKS: POLICY MAKING

Are Indian think tanks a farce?

Interestingly, Centre for Civil Society works with the philosophies of American authoress Ayn Rand, as it endeavours to develop the thinkers of tomorrow; and encourages more libertarianism for the nation’s progress. Out of 5,500 think tanks across the world, 1776 are in USA alone and 1872 are in North America (i.e. 34.25%). In US, think tanks play a pivotal role in policy decision making, which is exemplified by the fact that John Podesta (who heads Centre for American Progress) has been referred to by President Obama as his ‘transition chief’.

Our weakness can also be attributed to the fact that here is genuine dearth of synergy between our academicians and policy barons. Our cabinet ministers often complain of poor quality and archaic information coming to them, whereas our Universities gripe about poor infrastructure, poor quality of researchers, and poor supply of information from ministry. It is difficult to cut either way, as both of them are intractable in their own positions, but this conflict is badly affecting the credibility and effectiveness of our policy makers, which is of paramount importance to India.


Source : IIPM Editorial, 2012.

For More IIPM Info, Visit below mentioned IIPM articles.

 
IIPM : The B-School with a Human Face

Wednesday, October 17, 2012

Election elects the unelected!?!

Major countries in the world hold elections but and most of them end up electing the unelected

Imagine the course of the history if Al Gore were to be President of the US instead of George W. Bush and Zharmakhan Tuyaqbay the opposition leader of Kazakhstan instead of Nursultan Nazarbayev. This might seem like a fairytale but would not have been impossible had the world had ‘free and fair’ elections. Thus, here we attempt to analyze how fraud and gun power in elections have changed the world’s history which otherwise would have been quite different .Often countries across the world hold elections which end up electing the ‘unelected’. A bigger irony is that even dictators hold elections to vindicate the fact to the world that how democratic they are. Yet no prizes for guessing how fair those elections eventually turn out to be. Consider this: Enver Hoxha, former communist leader of a South European country, Albania garnered 99.90% of the vote (upset because his expectation was 99.99%) which not only surprised and outraged the Albanians but the world at large. Perhaps the most notorious of all elections was witnessed in Iraq during the regime of Saddam Hussein. His rule in Iraq since 1979 notwithstanding, the first presidential election took place in Iraq in 1995 - framing a referendum where no one from the opposition parties was allowed to contest. Iraqis were given a paper ballot asking “Do you agree that Saddam Hussein should be the President of the Republic of Iraq for another seven years?” And all the option they were given was just to tick ‘yes’ or ‘no’. The next day, Izzat Ibrahim, Hussein’s deputy declared Saddam Hussein as the winner with 99.96% of the 8.4 million votes.

This trend is bluntly pervasive in many of the African and Central Asian countries too. Most recently, Nursultan Nazarbayev and his political party, the Fatherland won 91.15% votes in Kazakhstan in the 2005 Presidential election and left no seat for the oppositions in the Mazhilis, the lower house of Kazakh parliament. The opposition leaders criticised this severely and then rejected the result stating it as the most fraudulent election that has ever taken place there and warned people of the shape of things to come if Nazarbayev is allowed to hold on to power. International observers like The International Election Observation Mission too agreed that the election failed to meet many international standards.


Source : IIPM Editorial, 2012.

For More IIPM Info, Visit below mentioned IIPM articles.

 
IIPM : The B-School with a Human Face

Tuesday, October 9, 2012

US: BIGGEST VIOLATOR OF INTERNATIONAL TREATIES AND LAWS

From nuclear tests to executing juveniles, the US ridicules all laws

Also, in 1999, the Comprehensive (Nuclear) Test Ban Treaty was rejected by the US Senate although it was signed by Clinton in 1996, thereby ensuring continued nuclear testing in 2001. December 2001 again witnessed US withdrawing from the Anti-Ballistic Missile Treaty (1972).

But the worst unbelievable violation that the US has committed has been in the area of juvenile rights. While all other countries have signed and ratified the Convention on the Rights of the Child, United States has merely signed it, which, according to the Vienna Convention, still makes US liable to abide by the laws of this convention. Amnesty International confirms now, “In the past five years, the United States has executed 13 juvenile offenders.” Since 2000, US is amongst only five countries to have executed juveniles. If that is not heartless, what is...


Source : IIPM Editorial, 2012.

For More IIPM Info, Visit below mentioned IIPM articles.

 
IIPM : The B-School with a Human Face