Showing posts with label management. Show all posts
Showing posts with label management. Show all posts

Sunday, July 31, 2011

Interconnected Tech Companies

A very nice look at the world of tech companies  - They are all the same :)

Click on the image to see the complete version.


Wednesday, January 19, 2011

Soar Beyond your Fears!

Once there was a king who received a gift of two magnificent falcons from Arabia. They were peregrine falcons, the most beautiful birds he had ever seen. He gave the precious birds to his head falconer to be trained.

Months passed and one day the head falconer informed the king that though one of the falcons was flying majestically, soaring high in the sky, the other bird had not moved from its branch since the day it had arrived.

The king summoned healers and sorcerers from all the land to tend to the falcon, but no one could make the bird fly. He presented the task to the member of his court, but the next day, the king saw through the palace
window that the bird had still not moved from its perch. Having tried everything else, the king thought to himself, "May be I need someone more familiar with the countryside to understand the nature of this problem." So he cried out to his court, "Go and get a farmer."

In the morning, the king was thrilled to see the falcon soaring high above the palace gardens. He said to his court, "Bring me  the doer of this miracle."

The court quickly located the farmer, who came and stood before the king. The king asked him, "How did you make the falcon fly?"

With his head bowed, the farmer said to the king, " It was very easy, your highness. I simply cut the branch where the bird was sitting."

We are all made to fly -- to realize our incredible potential as human beings. But instead of doing that, we sit on our branches, clinging to the things that are familiar to us. The possibilities are endless, but for most of us, they remain undiscovered. We conform to the familiar, the comfortable, the mundane. So for the most part, our lives are mediocre instead of exciting, thrilling and fulfilling.

So let us learn to destroy the branch of fear we cling to and free ourselves to the glory of flight.

Wednesday, May 26, 2010

Inspiring - Volvo

An interesting reflection someone sent me -

It's been 18 years since I joined Volvo, a Swedish company. Working for them has proven to be an interesting experience. Any project here takes 2 years to be finalized, even if the idea is simple and brilliant. It's a rule.

Globalized processes have caused in us (all over the world) a general sense of searching for immediate results. Therefore, we have come to posses a need to see immediate results. This contrasts greatly with the slow movements of the Swedish. They, on the other hand, debate, debate, debate, hold x number of meetings and work with a slowdown scheme. At the end, this always yields better results.

Said in other words:
1. Sweden is about the size of San Pablo, a state in Brazil.
2. Sweden has 2 million inhabitants.
3. Stockholm, has 500,000 people.
4. Volvo, Escania, Ericsson, Electrolux, Nokia are some of its renowned companies. Volvo supplies the NASA.

The first time I was in Sweden, one of my colleagues picked me up at the hotel every morning. It was September, bit cold and snowy. We would arrive early at the company and he would park far away from the entrance (2000 employees drive their car to work). The first day, I didn't say anything, either the second or third. One morning I asked, "Do you have a fixed parking space? I've noticed we park far from the entrance even when there are no other cars in the lot." To which he replied, "Since we're here early we'll have time to walk, and whoever gets in late will be late and need a place closer to the door. Don't you think? Imagine my face.

Nowadays, there's a movement in Europe named Slow Food. This movement establishes that people should eat and drink slowly, with enough time to taste their food, spend time with the family, friends, without rushing. Slow Food is against its counterpart: the spirit of Fast Food and what it stands for as a lifestyle. Slow Food is the basis for a bigger movement called Slow Europe, as mentioned by Business Week.

Basically, the movement questions the sense of "hurry" and "craziness" generated by globalization, fueled by the desire of "having in quantity" (life status) versus "having with quality", "life quality" or the "quality of being". French people, even though they work 35 hours per week, are more productive than Americans or British. Germans have established 28.8 hour workweeks and have seen their productivity been driven up by 20%. This slow attitude has brought forth the US's attention, pupils of the fast and the "do it now!".

This no-rush attitude doesn't represent doing less or having a lower productivity. It means working and doing things with greater quality, productivity, perfection, with attention to detail and less stress. It means reestablishing family values, friends, free and leisure time. Taking the "now", present and concrete, versus the "global", undefined and anonymous. It means taking humans' essential values, the simplicity of living.

It stands for a less coercive work environment, more happy, lighter and more productive where humans enjoy doing what they know best how to do. It's time to stop and think on how companies need to develop serious quality with no-rush that will increase productivity and the quality of products and services, without losing the essence of spirit.

In the movie, Scent of a Woman, there's a scene where Al Pacino asks a girl to dance and she replies, "I can't, my boyfriend will be here any minute now". To which Al responds, "A life is lived in an instant". Then they dance to a tango.

Many of us live our lives running behind time, but we only reach it when we die of a heart attack or in a car accident rushing to be on time. Others are so anxious of living the future that they forget to live the present, which is the only time that truly exists. We all have equal time. No one has more or less. The difference lies in how each one of us does with our time.
As John Lennon said, "Life is what happens to you while you're busy making other plans".

Saturday, October 31, 2009

Three Parables to make you Think

The Turtles
A turtle family decided to go on a picnic. The turtles, being naturally slow about things, took seven years to prepare for their outing. Finally the turtle family left home looking for a suitable place. During the second year of their journey they found a place ideal for them at last!
For about six months they cleaned the area, unpacked the picnic basket, and completed the arrangements. Then they discovered they had forgotten the salt. A picnic without salt would be a disaster, they all agreed. After a lengthy discussion, the youngest turtle was chosen to retrieve the salt from home. Although he was the fastest of the slow moving turtles, the little turtle whined, cried, and wobbled in his shell. He agreed to go on one condition: that no one would eat until he returned. The family consented and the little turtle left.
Three years passed and the little turtle had not returned. Five years...six years... then on the seventh year of his absence, the oldest turtle could no longer contain his hunger. He announced that he was going to eat and begun to unwrap a sandwich. At that point the little turtle suddenly popped out from behind a tree shouting, 'See! I knew you wouldn't wait. Now I am not going to go get the salt.'
[Some of us waste our time waiting for people to live up to our expectations. We are so concerned about what others are doing that we do not do anything ourselves.]

The Frogs
A farmer came into town and asked the owner of a restaurant if he could use a million frog legs. The restaurant owner was shocked and asked the man where he could get so many frog legs! The farmer replied, 'There is a pond near my house that is full of frogs - millions of them. They all croak all night long and they are about to make me crazy!' So the restaurant owner and the farmer made an agreement that the farmer would deliver frogs to the restaurant, five hundred at a time for the next several weeks.
The first week, the farmer returned to the restaurant looking rather sheepish, with two scrawny little frogs. The restaurant owner said, 'Well... where are all the frogs?' The farmer said, 'I was mistaken. There were only these two frogs in the pond. But they sure were making a lot of noise!'
[Next time you hear somebody criticizing or making fun of you, remember, it's probably just a couple of noisy frogs. Also remember that problems always seem bigger in the dark. Have you ever laid in your bed at night worrying about things which seem almost overwhelming like a million frogs croaking? Chances are pretty good that when the morning comes, and you take a closer look, you'll wonder what all the fuss was about.]

The Pretty Lady
Once upon a time a big monk and a little monk were traveling together. They came to the bank of a river and found the bridge was damaged. They had to wade across the river. There was a pretty lady who was stuck at the damaged bridge and couldn't cross the river.
The big monk offered to carry her across the river on his back. The lady accepted. The little monk was shocked by the move of the big monk. 'How can big brother carry a lady when we are supposed to avoid all intimacy with females?' thought the little monk. But he kept quiet... The big monk carried the lady across the river and the small monk followed unhappily. When they crossed the river, the big monk let the lady down and they parted ways with her. All along the way for several miles, the little monk was very unhappy with the act of the big monk. He was making up all kinds of accusations about big monk in his head. This got him madder and madder. But he still kept quiet. And the big monk had no inclination to explain his situation.
Finally, at a rest point many hours later, the little monk could not stand it any further, he burst out angrily at the big monk. 'How can you claim yourself a devout monk, when you seize the first opportunity to touch a female, especially when she is very pretty? All your teachings to me make you a big hypocrite The big monk looked surprised and said, 'I had put down the pretty lady at the river bank many hours ago, how come you are still carrying her along?'
[This very old Chinese Zen story reflects the thinking of many people today. We encounter many unpleasant things in our life, they irritate us and they make us angry. Sometimes, they cause us a lot of hurt, sometimes they cause us to be bitter or jealous .. But like the little monk, we are not willing to let them go away.We keep on carrying the baggage of the 'pretty lady' with us. We let them keep on coming back to hurt us, make us angry, make us bitter and cause us a lot of agony. Why? Simply because we are not willing to put down or let go of the baggage of the 'pretty lady'. We should let go of the pretty lady immediately after crossing the river. This will immediately remove all our agonies. There is no need to be further hurt by the unpleasant event after it is over.]

Monday, June 01, 2009

Be loyal to job, not to company!

Interesting.....Don't miss last Questions...

Some, rather most organizations reject his CV today because he has changed jobs frequently (10 in 14 years). My friend, the 'job hopper' (referred here as Mr. JH), does not mind it.. well he does not need to mind it at all. Having worked full-time with 10 employer companies in just 14 years gives Mr. JH the relaxing edge that most of the 'company loyal' employees are struggling for today. Today, Mr. JH too is laid off like some other 14-15 year experienced guys - the difference being the latter have just worked in 2-3 organizations in the same number of years. Here are the excerpts of an interview with Mr. JH:

Q: Why have you changed 10 jobs in 14 years?
A: To get financially sound and stable before getting laid off the second time.

Q: So you knew you would be laid off in the year 2009?
A: Well I was laid off first in the year 2002 due to the first global economic slowdown. I had not got a full-time job before January 2003 when the economy started looking up; so I had struggled for almost a year without job and with compromises.

Q: Which number of job was that?
A: That was my third job.

Q: So from Jan 2003 to Jan 2009, in 6 years, you have changed 8 jobs to make
the count as 10 jobs in 14 years?
A: I had no other option. In my first 8 years of professional life, I had worked only for 2 organizations thinking that jobs are deserved after lot of hard work and one should stay with an employer company to justify the saying 'employer loyalty'. But I was an idiot.

Q: Why do you say so?
A: My salary in the first 8 years went up only marginally. I could not save enough and also, I had thought that I had a 'permanent' job, so I need not worry about 'what will I do if I lose my job'. I could never imagine losing a job because of economic slowdown and not because of my performance. That was January 2002.

Q: Can you brief on what happened between January 2003 and 2009.
A: Well, I had learnt my lessons of being 'company loyal' and not 'money earning and saving loyal'. But then you can save enough only when you earn enough. So I shifted my loyalty towards money making and saving - I changed 8 jobs in 6 years assuring all my interviewers about my stability.

Q: So you lied to your interviewers; you had already planned to change the job for which you were being interviewed on a particular day?
A: Yes, you can change jobs only when the market is up and companies are hiring. You tell me - can I get a job now because of the slowdown? No. So one should change jobs for higher salaries only when the market is up because that is the only time when companies hire and can afford the
expected salaries.

Q: What have you gained by doing such things?
A: That's the question I was waiting for. In Jan 2003, I had a fixed salary (without variables) of say Rs. X p.a. In January 2009, my salary was 8X. So assuming my salary was Rs.3 lakh p.a. in Jan 2003, my last drawn salary in Jan 2009 was Rs.24 lakh p.a. (without variable). I never bothered about variable as I had no intention to stay for 1 year and go through the appraisal process to wait for the company to give me a hike.

Q: So you decided on your own hike?
A: Yes, in 2003, I could see the slowdown coming again in future like it had happened in 2001-02. Though I was not sure by when the next slowdown would come, I was pretty sure I wanted a 'debt-free' life before being laid off again. So I planned my hike targets on a yearly basi without waiting for the year to complete.

Q: So are you debt-free now?
A: Yes, I earned so much by virtue of job changes for money and spent so little that today I have a loan free 2 BR flat (1200 sq. feet) plus a loan free big car without bothering about any EMIs. I am laid off too but I do not complain at all. If I have laid off companies for money, it is OK if a
company lays me off because of lack of money.

Q: Who is complaining?
A: All those guys who are not getting a job to pay their EMIs off are complaining. They had made fun of me saying I am a job hopper and do not have any company loyalty. Now I ask them what they gained by their company loyalty; they too are laid off like me and pass comments to me - why will you bother about us, you are already debt-free. They were still in the bracket of 12-14 lakh p.a. when they were laid off.

Q: What is your advice to professionals?
A: Like Narayan Murthy had said - love your job and not your company because you never know when your company will stop loving you. In the same lines, love yourself and your family needs more than the company's needs. Companies can keep coming and going; family will always remain the same. Make money for yourself first and simultaneously make money for the company, not the other way around.

Q: What is your biggest pain point with companies?
A: When a company does well, its CEO etc will address the entire company saying, 'well done guys, it is YOUR company, keep up the hard work, I am with you." But when the slowdown happens and the company does not do so well, the same CEO Etc will say, "It is MY company and to save the company, I have to take tough decisions including asking people to go." So think about your financial stability first; when you get laid off, your kids will complain to you and not your boss.

Monday, May 04, 2009

MBAs - A fresh perspective!

A favourite one of mine:

MBA मरते नहीं, जिंदा दफनाये जाते हैं,
हर तीन महीने में तड़पाए जाते हैं,
कब्र खोल कर देखो तो,
कब्र में भी presentation देते हुए पाए जाते हैं !

Saturday, March 28, 2009

Are you a workaholic?


Easy ways to spot the workaholics lurking among us

Are you a workaholic? Many lurk among us. They secretly enjoy business trips. They stay late in the office even when they don't have to. They LIKE Monday mornings. I discovered one in my own family when I asked my brother-in-law how his family camping holiday went, and he said: "interminable." (They hate holidays.)

I was shocked to learn from a scientific publication (a women's magazine) that you can find out whether you are a workaholic by counting how many days of holiday you lose because you have not taken them, but your employer won't let you carry them over.

One to three is troubling. Four to six shows you have a problem with work-life balance. Seven to nine makes you a serious work addict. Ten or more can be used in divorce proceedings. (I lost eight days' holiday on my last contract, which puts me in the "serious work addict" category).

But I'm not the worst. I know at least three individuals who live only for their jobs. What gives them away is their terminology. Here are 14 signs that you are a workaholic.

1. Your spouse gives you a dark look and says: "We need to talk." You reply: "I'll schedule a performance appraisal session at the earliest opportunity" - and then arrange a business trip that takes you away for two weeks.

2. You refer to your child's pocket money as "the weekly cash injection."

3. Your spouse complains that you are deeply in debt to the bar near your office, and you reply: "I'm not in debt, just highly leveraged in the beverage sector."

4. You refer to your grandfather's death as "a family downsizing."

5. Your spouse complains that you do not take enough interest in the children, and you say: "Okay, fine, where's the feedback form?"

6. The message in the Valentine's Day card you write to your spouse has bullet points.

7. Your child informs you the child next door has a new bicycle, and you reply: "The quota for capital expenditure is full for this financial year."

8. You think of your Sunday afternoon family walk as a "team-based bonding activity."

9. You go to school for a meeting with your child's teacher and your first question is: "So, what are his core competencies?"

10. When your child's teacher explains that your child is failing four of his nine subjects, you shout: "What do you expect when you give him such an overdiversified portfolio?"

11. When your daughter announces that she is getting married, you ask her whether she is ready to "undergo such a major paradigm shift."

12. Just before you start your speech at your daughter's wedding reception, you ask her to take minutes.

13. Your speech starts with the words: "Any apologies for absence?"

14. You always choose horrible holiday destinations, because your sole criterion is whether the country's currency has plunged recently. For your daughter's honeymoon, you've booked a cholera hospital in Zimbabwe.

One of the worst workaholics I ever met was a woman who once said: "I don't have friends. I have contacts." I told her she was a work- obsessed automaton devoid of human feelings. She replied: "You say that as if it was a bad thing." That day, I left the office early.

At least we didn't do that

I quote this from an email list I am subscribed to:

"Interesting read [[about Iceland]]....about a country which stood at No.1 in UN's 2008 Human Development Index.... Where the stock market multiplied by 9 times between 2003 and 2007.....Where fishermen became investment bankers.... Whose debt today is 850% of its GDP.... Where people blow up their newly bought cars to claim insurance.... 

Its the only nation on earth that Americans could point to and say, “Well, at least we didn’t do that.”

I agree!

Monday, June 16, 2008

Interglobe 2008, An MDI Initiative

Management Development Institute, Gurgaon and ESCP-EAP European School of Management, London are jointly hosting InterGlobe 2008 the first in a series of annual conferences.The event is being organized by students of MDI and aims at bringing together personalities from the corporate and academic world to better understand the current business trends and issues that affect us all. The theme chosen for this year's InterGlobe Conference is 'India: Emerging Trends'.

The distinguished Speakers at this year's conference are:

1. Amit Chatterjee, Vice President, Tech Mahindra, U.K.
2. Ashish Gupta, Head of Design, British Telecom, U.K.
3. Ashvini Chopra, Head of Private Banking, ICICI, U.K.
4. Mark Bretton, Head of Outsourcing for UK & Ireland, TCS, U.K.

Discussion Panel Moderator: Dr. Davide Sola, Director, ESCP-EAP, London

Further details are available at the website.

Date of the event : 19th June

Official Website : www.interglobemdi.com

Wednesday, April 02, 2008

Houses worth less than the copper inside them!

Read this article to see how the sub-prime crisis and rising commodity prices are combining to make this extraordinary situation!

Monday, October 15, 2007

Typical Sarkari Attitude

I have a strong premonition that the Sarkari Attitude shown by Sarkari Companies is the final death knell for these unfortunate souls.

E.g. have a look at www.licindia.com - Till yesterday, it was the official website of LIC of India. Today, suddenly it has transformed into a parked domain from www.networksolutions.com !

Why?

Because the domain expired - that's why!!! - Howzzat for an explanation?

I wonder if they can't even get their domain name renewed on time, how do they manage my investments!!! It gives me the jeepers to think of that!

Tuesday, July 17, 2007

A saner voice - Is the iPhone madness for real

Although, I have no use for the iPhone in India, I am nonetheless touched by the same through the e-world. Every tech newsletter has written about it.

Steve Jobs is one slick marketer. He knows that reducing supply makes price go up. This time, he has not reduced supply, just made people think that there are enough to go around. Voila! Black Markets have opened in it. Ebay has auctions about it!

Anyhow, should one buy, if one has a use for it. No. So says Bob Rankin. A sane voice, if there was ever one!

Thursday, May 10, 2007

Blog Read

A good blog, from Shubham, one of the founders of Arbit Chaudhary. Now, if you don't what that is, go figure.

Monday, April 23, 2007

Email or Millionaire

A jobless man applied for the position of "office boy" at Microsoft. The HR manager interviewed him then watched him cleaning the floor as a test.

"You are employed." He said." Give me your e-mail address and I'll send you the application to fill in, as well as date when you may start."

The man replied "But I don't have a computer, neither an email." I'm sorry", said the HR manager, "If you don't have an email, that means you do not exist. And who doesn't exist, cannot have the job."

The man left with no hope at all. He didn't know what to do, with only $10 in his pocket. He then decided to go to the supermarket and buy a 10Kg tomato crate. He then sold the tomatoes in a door to door round. In less than two hours, he succeeded to double his capital. He repeated the Operation three times, and returned home with $60. The man realized that he can survive by this Way, and started to go everyday earlier, and return late Thus, his money doubled or tripled every day. Shortly, he bought a cart, then a truck, then he had his own fleet of delivery vehicles.

5 years later , the man is one of the biggest food retailers in the US. He started to plan his family's future, and decided to have a life insurance. He called an insurance broker, and chose a protection plan. When the conversation was concluded, the broker asked him his email. The man replied, "I don't have an email". The broker answered curiously, "You don't have an email, and yet have succeeded to build an empire. Can you imagine what you could have been if you had an
email?!!"

The man thought for a while and replied, "Yes, I'd be an office boy at Microsoft!"


Moral of the story:
1 - Internet is not the solution to your life.
2 - If you don't have internet, and work hard, you can be a millionaire.
3 - If you see this message on the internet, you are closer to being an office boy, than a millionaire.
Pls Note: - Do not forward this to me back, I'm closing all my email addresses & going to sell tomatoes! Have a great day!

Thursday, April 05, 2007

Quotes from Einstein

  • Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius - and a lot of courage - to move in the opposite direction.
  • Imagination is more important than knowledge.
  • Gravitation is not responsible for people falling in love.
  • I want to know God's thoughts; the rest are details.
  • The hardest thing in the world to understand is the income tax.
  • Reality is merely an illusion, albeit a very persistent one.
  • The only real valuable thing is intuition.
  • A person starts to live when he can live outside himself.
  • I am convinced that He (God) does not play dice.
  • God is subtle but he is not malicious.
  • Weakness of attitude becomes weakness of character.
  • I never think of the future. It comes soon enough.
  • The eternal mystery of the world is its comprehensibility.
  • Sometimes one pays most for the things one gets for nothing.
  • Science without religion is lame. Religion without science is blind.
  • Anyone who has never made a mistake has never tried anything new.
  • Great spirits have often encountered violent opposition from weak minds.
  • Everything should be made as simple as possible, but not simpler.
  • Common sense is the collection of prejudices acquired by age eighteen.
  • Science is a wonderful thing if one does not have to earn one's living at it.
  • The secret to creativity is knowing how to hide your sources.
  • The only thing that interferes with my learning is my education.
  • God does not care about our mathematical difficulties. He integrates empirically.
  • The whole of science is nothing more than a refinement of everyday thinking.
  • Technological progress is like an axe in the hands of a pathological criminal.
  • Peace cannot be kept by force. It can only be achieved by understanding.
  • The most incomprehensible thing about the world is that it is comprehensible.
  • We can't solve problems by using the same kind of thinking we used when we created them.
  • Education is what remains after one has forgotten everything he learned in school.
  • The important thing is not to stop questioning. Curiosity has its own reason for existing.
  • Do not worry about your difficulties in Mathematics. I can assure you mine are still greater.
  • Equations are more important to me, because politics is for the present, but an equation is something for eternity.
  • If A is a success in life, then A equals x plus y plus z. Work is x; y is play; and z is keeping your mouth shut.
  • Two things are infinite: the universe and human stupidity; and I'm not sure about the universe.
  • As far as the laws of mathematics refer to reality, they are not certain, as far as they are certain, they do not refer to reality.
  • Whoever undertakes to set himself up as a judge of Truth and Knowledge is shipwrecked by the laughter of the gods.
  • I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones.
  • In order to form an immaculate member of a flock of sheep one must, above all, be a sheep.
  • The fear of death is the most unjustified of all fears, for there's no risk of accident for someone who's dead.
  • Too many of us look upon Americans as dollar chasers. This is a cruel libel, even if it is reiterated thoughtlessly by the Americans themselves.
  • Heroism on command, senseless violence, and all the loathsome nonsense that goes by the name of patriotism -- how passionately I hate them!
  • No, this trick won't work...How on earth are you ever going to explain in terms of chemistry and physics so important a biological phenomenon as first love?
  • My religion consists of a humble admiration of the illimitable superior spirit who reveals himself in the slight details we are able to perceive with our frail and feeble mind.
  • Yes, we have to divide up our time like that, between our politics and our equations. But to me our equations are far more important, for politics are only a matter of present concern. A mathematical equation stands forever.
  • The release of atom power has changed everything except our way of thinking...the solution to this problem lies in the heart of mankind. If only I had known, I should have become a watchmaker.
  • Great spirits have always found violent opposition from mediocrities. The latter cannot understand it when a man does not thoughtlessly submit to hereditary prejudices but honestly and courageously uses his intelligence.
  • The most beautiful thing we can experience is the mysterious. It is the source of all true art and all science.
  • He to whom this emotion is a stranger, who can no longer pause to wonder and stand rapt in awe, is as good as dead: his eyes are closed.
  • A man's ethical behavior should be based effectually on sympathy, education, and social ties; no religious basis is necessary. Man would indeed be in a poor way if he had to be restrained by fear of punishment and hope of reward after death.
  • The further the spiritual evolution of mankind advances, the more certain it seems to me that the path to genuine religiosity does not lie through the fear of life, and the fear of death, and blind faith, but through striving after rational knowledge.
  • Now he has departed from this strange world a little ahead of me. That means nothing. People like us, who believe in physics, know that the distinction between past, present, and future is only a stubbornly persistent illusion.
  • You see, wire telegraph is a kind of a very, very long cat. You pull his tail in New York and his head is meowing in Los Angeles. Do you understand this? And radio operates exactly the same way: you send signals here, they receive them there. The only difference is that there is no cat.
  • One had to cram all this stuff into one's mind for the examinations, whether one liked it or not. This coercion had such a deterring effect on me that, after I had passed the final examination, I found the consideration of any scientific problems distasteful to me for an entire year.
  • One of the strongest motives that lead men to art and science is escape from everyday life with its painful crudity and hopeless dreariness, from the fetters of one's own ever-shifting desires. A finely tempered nature longs to escape from the personal life into the world of objective perception and thought.
  • He who joyfully marches to music rank and file, has already earned my contempt. He has been given a large brain by mistake, since for him the spinal cord would surely suffice. This disgrace to civilization should be done away with at once. Heroism at command, how violently I hate all this, how despicable and ignoble war is; I would rather be torn to shreds than be a part of so base an action. It is my conviction that killing under the cloak of war is nothing but an act of murder.
  • A human being is a part of a whole, called by us _universe_, a part limited in time and space. He experiences himself, his thoughts and feelings as something separated from the rest... a kind of optical delusion of his consciousness. This delusion is a kind of prison for us, restricting us to our personal desires and to affection for a few persons nearest to us. Our task must be to free ourselves from this prison by
  • widening our circle of compassion to embrace all living creatures and the whole of nature in its beauty.
  • Not everything that counts can be counted, and not everything that can be counted counts. (Sign hanging in Einstein's office at Princeton)

Wednesday, March 21, 2007

Taxation Demystified

Suppose that every day, ten men go out for beer and the bill for all ten comes to $100.

If they paid their bill the way we pay our taxes, it would go something like this:

The first four men (the poorest) would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7.
The eighth would pay $12.
The ninth would pay $18.
The tenth man (the richest) would pay $59.

So, that's what they decided to do.

The ten men drank in the bar every day and seemed quite happy with the arrangement, until on day, the owner threw them a curve.

"Since you are all such good customers," he said, "I'm going to reduce the cost of your daily beer by $20."Drinks for the ten now cost just $80.

The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected. They would still drink for free. But what about the other six men - the paying customers? How could they divide the $20 windfall so that everyone would get his 'fair share?'

They realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer.

So, the bar owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay.

And so:

The fifth man, like the first four, now paid nothing (100% savings).
The sixth now paid $2 instead of $3 (33%savings) .
The seventh now pay $5 instead of $7 (28%savings) .
The eighth now paid $9 instead of $12 (25% savings).
The ninth now paid $14 instead of $18 (22% savings).
The tenth now paid $49 instead of $59 (16% savings).

Each of the six was better off than before. And the first four continued to drink for free. But once outside the restaurant, the men began to compare their savings.

"I only got a dollar out of the $20,"declared the sixth man. He pointed to the tenth man," but he got $10!"
"Yeah, that's right," exclaimed the fifth man. "I only saved a dollar, too. It's unfair that he got TEN times more than I!"
"That's true!!" shouted the seventh man. "Why should he get $10 back when I got only two? The wealthy get all the breaks!"
"Wait a minute," yelled the first four men in unison. "We! didn't get anything at all. The system exploits the poor!"
The nine men surrounded the tenth and beat him up.

The next night the tenth man didn't show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill!

And that, dear people, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.

This was developed by Prof.David R. Kamerschen, Ph.D. Professor of Economics, University of Georgia

Monday, January 15, 2007

Company Policy

Start with a cage containing five monkeys. Inside the cage, hang a banana on a string and place a set of stairs under it. Before long, a monkey will go to the stairs and start to climb towards the banana. As soon as he touches the stairs, spray all of the other monkeys with cold water. After a while, another monkey makes an attempt with the same result - all the other monkeys are sprayed with cold water. Pretty soon, when another monkey tries to climb the stairs, the other monkeys will try to prevent it.
Now, put away the cold water. Remove one monkey from the cage and replace it with a new one. The new monkey sees the banana and wants to climb the stairs. To his surprise and horror, all of the other monkeys attack him. After another attempt and attack, he knows that if he tries to climb the stairs, he will be assaulted.
Next, remove another of the original five monkeys and replace it with a new one. The newcomer goes to the stairs and is attacked. The previous newcomer takes part in the punishment with enthusiasm! Likewise, replace a third original monkey with a new one, then a fourth, then the fifth.
Every time the newest monkey takes to the stairs, he is attacked. Most of the monkeys that are beating him have no idea why they were not permitted to climb the stairs or why they are participating in the beating of the newest monkey.
After replacing all the original monkeys, none of the remaining monkeys have ever been sprayed with cold water. Nevertheless, no monkey ever again approaches the stairs to try for the banana.
Why not?
Because as far as they know that's the way it's always been done around here.
And that, my friends, is how company policy begins.

Friday, December 01, 2006

Summers Process at IIM-A

A blow-by-blow account of how summers at IIM-A are handled. Have a dekko.

Saturday, July 22, 2006

The Economics and Politics of Autorickshaws


I live in Noida, a suburb of Delhi. Noida is in Uttar Pradesh and is one of the fastest growing urban areas in the country, due in part to its proximity to Delhi. Gurgaon, in Haryana is a parallel example.

Over the last 1 year or maybe even more, there is a lot of problem regarding Autorickshaws between Noida and Delhi.

Delhi Autowallahs refuse to go to Noida and Noida Autowallahs refuse to step in Delhi. While I am personally not affected by this much, since I have my own mode of transport since 1998, it has affected me whenever my car broke down, and it does affect many more people of Noida and Delhi.

I once did a bit of research of my own into this and discovered some astonishing (or not) facts.

Delhi requires licensing of Autos, as for any other vehicle. However, unlike private vehicles, which can be registered in practically any number, public carriers follow a quota system. Under this, only a certain number of vehicles are allowed on the roads of Delhi, ostensibly to make sure that the pollution and road-space norms are not violated in the metropolis.

So, because of this, the number of Autos has remained roughly constant in Delhi, over many years. The Delhi government, through its Road Transport Authority refuses to issue any new Auto registrations in Delhi, except if the old Auto is de-registered and taken out of circulation. So, when Delhi switched over to CNG Autos a few years ago, the number of Autos remained roughly the same.

Buying a new Auto in Delhi seems impossible. At the same time, driving one in Delhi seems fairly lucrative. That is why a 3-year old Auto, along with Delhi registration number , is available for the princely sum of Rs. 1,75,000.

All went fine for a long time, till the UP govt. released a new quota for Autos in Noida. A new auto in Noida costs, all inclusive, Rs. 1,16,000. Why does a new auto cost 33% less than a 3-year old Auto? This is so because this the price of a new auto! The Delhi price is a very high price, which is primarily due to the premium paid for a Delhi registration.

Because of the high rates of Autos in Delhi, Autowallahs overcharge. They need to recoup their investment. They are notorious for their overcharging, something that I have experienced personally. A 21 Km Distance, for which one should be charged appx Rs. 80, is conveniently overcharged at Rs. 150-170. People pay, because everyone overcharges, and there is no convenient alternative to them in Delhi for personalised public transport. Buses are overcrowded and Metro is not everywhere, as of now.

When the Noida Autowallahs entered Delhi, they charged a more resonable price. While the running cost for both the guys is the same, one's fixed cost is much less. This made a dent in the collections of the well-entrenched Delhi Autowallahs. They screamed MURDER. Local politicians and Autowallah Unions colluded and in the garb of not-from-Delhi Autos, made sure that the police caught these Noida Autos in Delhi and levies a heavy fine and even goes to the extent of impounding them. Had these Noida Autos overcharged, as their Delhi counterparts, the Delhi guys would have had no/much less problems.

So the Noida Autowallahs gathered their Unions and their politicians and made sure that life for any Delhi Autowallah in Noida was worse than hell. Thrashings, on being caught, are common.

Let's look at this chain of corruption and collusion.

1. The Delhi politicians provide "protection" to Delhi Autowallahs. In return, they get their palms greased. They also get fairly militant support from the autowallahs. Have a look at the backside of most autos and you can see some or the other auto union poster, which is in turn affiliated to some political party.

2. The Delhi politicians make sure no new quotas are released. This creates an artificial scarcity and makes sure that in abscence of competition, prices of Autos can be kept artificially high through cartelisation. Most of the Autos are owned by a small number of large businessmen and politicians, even though they may be registered in various names (Benaami). These businessmen grease the politicians' palms further. Most of the autowallahs you see, drive the autos on a daily rent basis (ranging from rupees 250 to rupees 400 per day).

3. The artificially high rate of autos makes these drivers overcharge. The consumer suffers as he has to pay more.

4. They make sure that any attempt at competition is kept strongly at bay.The consumer suffers as he has to change autos at the border of Noida/Delhi. Sometimes, even that is not a easy task. Imagine carrying a young baby in strong sun or rain and doing that.

5. Violence and goondaism are further sub-effects.

The solution for overcharging has been proposed as helplines, which are ineffective at best. Nothing really works. All overchargers pay bribes to Policewallahs, which further fuels corruption.

The solution is open quota for autos which can break the artificial monopoly/oligopoly of a few businessmen, which induces cartelisation. Once that happens, rates of autos, as well as rates of auto-travel will fall to realistic level.

And Noida autos should be allowed in Delhi, of course by paying a small annual fee and vice-versa for Delhi autos who wish to go to Noida. That will take off some urbanisation pressure from Delhi. Many people feel that Noida commuters are a harried lot.

In fact, a side effect is that call-center cabs, which travel empty on at least 1-2 journeys per day, are doing a roaring side-business by ferrying consumers who gladly pay 10 rupees for a 15-20 km ride in A/c comfort!

A similar story is on these days between Delhi and Noida buses. More on that, later!