Wednesday, December 17, 2008

Vote for it : Belgaum IT company in top 30 of hottest start ups in India !!

Right now it is in 9'th position ...do vote for it by dec 22 in TATA NEN Hottest Startup

Vayavya Labs of Belgaum in top 30 for TATA NEN Hottest Startup Awards


The TATA NEN Hottest Startup Awards are a result of the combined efforts of TATA, a rapidly growing business group in India with significant international operations, and the National Entrepreneurship Network (NEN), a non-profit organization, and India's leader in entrepreneurship education.

Vayavya Labs, (Tata NEN hottest startup details) a Belgaum based IT/ Internet/ Software developer has been nominated in the top 30 hottest startups. Voting lines will open from 25 Nov and will be open until December 22. 5 winners will selected after December 22.

Vayavya Labs offers tools, which target the semiconductor, & design services firms. The flagship product DDGen (US patent pending) attempts to de-mystify the device driver development for embedded platforms.

Saturday, December 13, 2008

IF


IF.....


Very nice poem from http://www.kipling.org.uk/poems_if.htm

very relevant still in our day today life



IF you can keep your head when all about you
Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you,
But make allowance for their doubting too;
If you can wait and not be tired by waiting,
Or being lied about, don't deal in lies,
Or being hated, don't give way to hating,
And yet don't look too good, nor talk too wise:

If you can dream - and not make dreams your master;
If you can think - and not make thoughts your aim;
If you can meet with Triumph and Disaster
And treat those two impostors just the same;
If you can bear to hear the truth you've spoken
Twisted by knaves to make a trap for fools,
Or watch the things you gave your life to, broken,
And stoop and build 'em up with worn-out tools:

If you can make one heap of all your winnings
And risk it on one turn of pitch-and-toss,
And lose, and start again at your beginnings
And never breathe a word about your loss;
If you can force your heart and nerve and sinew
To serve your turn long after they are gone,
And so hold on when there is nothing in you
Except the Will which says to them: 'Hold on!'

If you can talk with crowds and keep your virtue,
' Or walk with Kings - nor lose the common touch,
if neither foes nor loving friends can hurt you,
If all men count with you, but none too much;
If you can fill the unforgiving minute
With sixty seconds' worth of distance run,
Yours is the Earth and everything that's in it,
And - which is more - you'll be a Man, my son!

Sunday, November 30, 2008

David Wood's visit to Imperial Business school


Today we had a pleasure of having David Wood , EVP of Research at Symbian, Ltd ( my previous employer) in our Business school. David is now responsible for understanding and guiding Symbian's response to disruptive trends in technology, business, and society. I have met David for couple of times in Symbian from my personal opinion he is very humble, has always quest for innovation(which is core to symbian's value) and very well respected person in Symbian.

The talk we had was on "Building the killer mobile experience of 2013" detailing on Innovation, Platforms, Agility and Open source.


It was really a good talk and personally it inspired me in some front for my MBA thesis !! Thesis topic isnt decided yet by me but i think I am moving towards it :)

bye for now need to head for some sleep

Cheerio

Saturday, November 29, 2008

why Social Media Outsourcing (SMO) will be the next big business opportunity for India

Gaurav makes a very good case why Social Media Outsourcing (SMO) will be the next big business opportunity for India after Business Process Outsourcing (BPO) and Knowledge Process Outsourcing (KPO).

Social media practitioners often talk about it in cryptic “conversation is an art form” terms, but you can break down the social media delivery process in six discrete steps that correspond to the oft-quoted Listen -> Understand -> Engage model:-

1. Data collection
2. Data mining
3. Data analysis
4. Insight delivery
5. Consulting
6. Solution delivery

Six Step Social Media Delivery Process

If you look hard at these six steps, you’ll find that many of them are driven by dynamics that make them very susceptible to outsourcing –

The Case for Social Media Outsourcing


Sudhakar Ram writes below in his column about the first two waves after that i have posted column on third wave of outsourcing !! interesting read go on

As a participant in and observer of the Indian IT industry for over two decades, I can clearly see that software and services exports from India have gone through two waves and that a Third Wave is now unfolding.

Wave 1, which we can trace to the 80s and 90s, clearly established that Indian IT professionals were competent and could be trusted to deliver world-class work. This was the staff augmentation era of the industry, largely serviced through onsite services.

Wave 2, starting off in the mid-90s and currently at its peak, established India as an offshore programming destination. With labor arbitrage as the basic value proposition, Indian companies established large offshore development centers that had competent technical staff, mature CMM processes and world-class infrastructure. While the trigger for Wave 2 was the offshore initiatives by companies like GE, Motorola, Nortel etc., the Y2K bug gave it the necessary momentum. Although things slowed a bit after the dotcom bust, the shrinking IT budgets actually gave an impetus to large Fortune 500 companies to use offshore centers as a mainstream sourcing option.




India Making Millions Servicing U.S. Social Media Ecosystem

By Daya Baran at October 19, 2008 8 Comments

While U.S. companies struggle to figure out how to monetize social media, India’s tech industry has quietly figured out a way to make hundreds of millions (maybe billions) by servicing it. Everything from simple comments on blog posts, to breaking sophisticated Google CAPTCHAs, Craigslist listings, Gmail invites, Yahoo personals, MySpace profiles, YouTube uploads, Facebook friends, and now I hear Twitter tweets are all being performed in India on behalf of social networking sites, blogs, photo sharing, video, and other social media and Web 2.0 sites that depend heavily on online advertising as a revenue source are using these services to boost traffic and users.

For a mere $2 a thousand CAPTCHAs can be solved and a thousand blog comments or MySpace friend requests can be sent generating lots of traffic and links for that property and hence, increasing its online ad revenue. Workers in India process the data using CAPTCHA syndication web based kits, API keys, and thousands of proxies to make their work easier, and the process more efficient.

In fact, entire social media and online advertising campaigns featuring cool graphics, widgets, RSS feeds, and other sitewide interactive features are being created and executed from India. “Anything that can be outsourced is being outsourced today in India,” said Rajdeep Sahrawat, vice president of Nasscom, or the National Association of Software Service Companies, an Indian software industry trade organization that closely monitors trends in outsourcing.

India is no longer a call center outsourcing destination. It has rapidly become a global hub servicing the U.S. social media ecosystem and as well as the higher knowledge industries. Services such as tax filing and preparation, medical diagnoses, legal work, and financial portfolio analysis are turning to India for sophisticated knowledge processing and analysis work. A start-up that provides such services is PreMedia Global and in two years, it has grown from a brother-and-sister operation to a company with 900 employees. Initially, they considered launching a call-center operation, said co-founder Kapil Viswanathan, who studied engineering at Stanford University. However, they quickly saw that the nature of outsourcing was changing. “High-end, knowledge-based services — that’s where the growth is coming from,” he said. “We think this is just the tip of the iceberg.”

The California Fair Trade Coalition said virtually any job that uses a computer could be outsourced, and it argues that U.S. trade laws should be changed to make it more difficult for companies to send work overseas. “Those countries have large and rapidly growing pools of talented people with much lower incomes than people with similar skills in the United States”, Imelda Abarca, director of the coalition. But other experts say the threat to high-end American jobs is overstated. India remains “an undergraduate factory,” said Raffiq Dossani, a Stanford University researcher who studies higher education in the South Asian country. “This limits the kind of work that can be outsourced to India.”

Pervez Sikora, a former U.S. newspaper executive who is now chief operating officer for 2AdPro Media Solutions said he’s been approached by Silicon Valley companies that want to outsource their marketing work. It is not just U.S. companies that are flocking to India. European, Japanese as well as Arab companies are tapping into India’s legions of highly trained graduates that India’s vast college system produces every year. But the number of U.S. companies using these services is expected to increase due to the financial crisis which is forcing them to cut costs.

And, it is no longer simply tech companies that are looking to cut costs using these services - Disney, DreamWorks, and drugs manufacturing companies are also tapping the India pool. “We are getting multiple inquiries a day”, said Todd Brownrout, chief marketing officer at 2AdPro, which expects to expand from 350 employees to 1,000 next year. Two years ago, it was a tough sell to convince newspaper executives that someone sitting halfway across the globe could produce ads that are accurate and on-time. Sanjiv Gupta, chief executive of Hyderabad-based Pressmart, which provides Internet technology services to publications, argues this outsourcing model can be applied to editorial content. “It’s outsourcing of creativity,” he said.

While the debate continues over just which American jobs may be vulnerable to outsourcing, executives like Sikora acknowledge that the new global economic order is forcing Americans to reposition their careers. “People have to understand how jobs are changing and start reinventing themselves,” he said. “No one will be able to stop this now.”

Wednesday, November 19, 2008

Where Are The JOBS In India

An interesting read in TOI today !! Purely shows how outsourcing/growth of india is still Intact

Where Are The JOBS In India

Citigroup on Tuesday cut 53,000 more jobs, triggering fears of more layoffs by other companies across industries. TOI, however, has decided to be contrarian. Instead of only writing about pink slips, it hunted out companies that are actually hiring. Here’s the lowdown on


FINANCE & CONSULTANCY
SBI to hire 25,000 new hands, according to bank chairman O P Bhat. The fresh recruitment will be done this fiscal – 20,000 in the clerical cadre and 5,000 supervisory staff
Bank of India to hire 10,000 over the next few months. This, on top of over 30,000 fresh recruitments in 2008-09. In the next 2 yrs, the bank plans to take in 75,000
Accenture will hire 10,000 people in India by 2010, says COO Stephen J Rohleder
Deloitte Touche Tohmatsu, top global mgmt consultants, looking to hire 3,500 in India in 3 yrs
MetLife, a new private insurance co., will recruit 30,000 agents and 2,000 managers by March 2009, says CEO Rajesh Relan

BPO
Aegis BPO Services will add 1,000 people per month this fiscal

CAMPUS HIRING
IIM Bangalore and IIM Calcutta say all their students have got placements for next year

INFOTECH
Tata Consultancy Services to hire 30,000-35,000 people this year, says a spokesperson. TCS made 24,789 technical campus offers for 2009-10, a 13% jump over this year
Infosys is sticking to plans of hiring 25,000 people this fiscal, says CEO Kris Gopalakrishnan. Infosys has made around 20,000 offers for next year
Satyam plans to hire 8,000-10,000 people this fiscal, according to its HR head, S V Krishnan

MANUFACTURING
L&T will hire 10,000 people over the next 3 yrs, according to CMD A M Naik
Maruti has decided to hire 1,000 fresh hands despite the sluggishness in the auto sector, says a company spokesman

Saturday, November 15, 2008

Is 3G and WIMAX disruptive for India?

As India is preparing for the rollout end of this year to mid next year of 3G and WiMax services it represents a significant move forward for the Indian mobile telecoms Industry. I could find some very positive news that India to have 230 m 3G subscribers by 2013

3G and variations of it first got rolled out in Japan back in 2001. 3G essentially allows you to shift data faster over the mobile phone network thereby opening up many new services and possibilities (such as video telephony and high speed data services for downloading information and surfing the web). WiMax is similar to home wireless technology. Where-as home wifi only reaches out a few hundred feet, WiMax has a much wider range many across kilimeter. It also offers speeds that are far greather than 3G. To WiMax in to reality, just image that you can be anywhere in the city of Mumbai, lets say, and flip open your laptop and get on to the web instantly regardless of where you stand. Work from the park, the local Cafe Coffe Day, from home or at the airport terminal. WiMax allows this and that too at high speed.

The advantage of 3G to mobile phone operators is that there are a lot of phone models in the market aleady which already support 3G out-of-the-box. With further investment in installing 3G transmission towers the basic infrastructure for 3G in India can be rapidly rolled out. WiMax, on the other hand, could take a little longer to become widespread. The equipment necessary to receive WiMax signals isn’t readily available in India yet and transmissions in the WiMax spectrum is some-what limited to date. In India, Tata Communications has been experiementing with a WiMax trial and Bangalore and hopes to expand this across Mumbai and Delhi once spectrum has been allocated.

What really interests me is that WiMax has the potential to reach remote rural populations in India where existing mobile coverage is patchy or non-existant. This would open up the possibility of bridging the digital divide and binging the advantages of access to the Internet to whole new communities. History has shown that Internet access in rural areas of India has been mostly a good thing with a great examples being the e-Choupal project, which enables farmers to get price of grain and seed direct from market instead of going through the middle man via internet terminal in their villages and farms.

Access to the internet in rural areas also spreads the influence of better and wider education to all of India’s population, helping to unlock the latant tallent of a youthful and eager work force. Ultimately, however, as technologies like WiMax and 3G reach the masses, it will enable India to innovate and invent in ways it hasn’t done so before. Entepreneurs up and down the country as well as would-be entrepreneurs will suddenly have a new medium to release their ideas through. When I look at the divide between the uptake of broadband internet and mobile telephony in India, the choice today is clear. More Indian’s today own and use a mobile phone and the number of mobile subscribers dwarfs the number of broadband intenet subscribers. Everyone from your ricksha-wala to duba-wala, city slicker to gardener, cleaner to call centre worker now owns a mobile phone and the uptake is unstopable.

Although market saturation of mobile phone ownership is some years off in India, like its global counterparts, Indian telco’s will eventually start to feel the pinch and one way to sustain and increase revenue is to expand sevice offerings.


3G and WiMax will enable Indian telco’s to offer their subscriber base a multitude of new services including premium video content, video to video chat between hand-sets (and cross network), selling software to mobile phone business users and innovating in the burgeoning mobile phone games industry. Like it’s console games counterpart, mobile gaming is booming in International makets and there’s no reason why this shouldn’t be the case in India once the networks enable people to download large files to their phones. Culturally, Indian’s differ in many ways to the world at large and one of those differences is the high value placed on education. Nintendo already realises this and its DS games console, coupled with the plethora of recent educational titles that you play on the Nintendo DS is taking off like hot-cakes. This is a natural appeal and fit with the Indian psychi and mind-set.

Finally, 3G will allow Indian users to upload photos and videos from their phones to the web and partipicate in the mobile social networking space beyond the confines of SMS and becomes what is coined as citizen journalists. Indian teleco’s will probably offer a selection of data packages to subscibers, although like the west, most teleco’s will no-doubt standardise data tarrifs on flat rate “eat as much as you like” structures to reduce confusion and streamline billing.

There are countless ways the Indian telco’s and consumers will benefit from 3G and WiMax and I cannot wait for this market to blossom in India. With over 71 countries now offering 3G to its consumers, it’s time for India to join the 3G club and perhaps suplant it altogether with WiMax.


Go India go !

Ever wondered why Americans are more “private” than the BRIC countries

Ever wondered why Americans are more “private” than the BRIC countries..
I found a interesting hypothesis on how the attitudes of people towards privacy ( broadly in terms of social network) of different countries in world !!






India could be seen as both highly social and also not afraid of government action. And Brazil would be highly social (Gaurav calls Indians and Brazilians “hyper-social”), but Brazilians seem somewhat afraid of government action (see their recent wiretapping scandals).
This model has lot of questions unanswered but I really appreciate the thought process in collecting data..read further for more information
https://digitalcommons.georgetown.edu/blogs/isdyahoofellow/hypotheses-about-privacy-attitudes/

Saturday, November 08, 2008

Top 250 movie alltime

http://www.imdb.com/chart/top

I was surprised to find myself in having seen only 15 of top 100 :( altough next one year is going hectic i wish to tick off atleast another 50 from list !!

It would be nice to know from my dear readers on how many you have seen!!

Thursday, November 06, 2008

Diwali celebration : MBA

We bunch of Indians in MBA class arranged for few sweets to all our classmates. The same evening we went to diwali party. It was fun = good food, good dance and good way to know your batch mate. My perception is you get your friends in class in a bit different angle at parties. the point i am leading to is parties are good for networking ;).

We went to a restaurant called as urban turban.. the food and ambiance was good !



Wednesday, November 05, 2008

Leadership brand

This video talk by harvard business school gives good insight on how one can develop his own brand. Basically it means how I can use my strengths to deliver more value to others.

Obama becomes new US president

One interesting aspect about Obama:A guy born to a Muslim father of African origin and a Christian mom, An American, half Kenyan, half white, half black,raised in Indonesia and graduated from Harvard, who have Hussain in his middle name can became US president.

So that means people actually vote for the most competent guy in the race, especially during a crisis, color and race wont matter during tough days.

Hope we will see changed world which Obama promsies !! and no wars please.
Though I have read that his policies are good for indian americans but not as a whole for India when compared to republicans. I think world peace is more important in this point of time.

Nokia Research on Mobile Phone Usage

Pretty interesting to know that nokia is going to bottom of pyramid for mobile innovations
Communication Literacy Design
View SlideShare presentation or Upload your own. (tags: literacy delhi)


Shared Phone Use
View SlideShare presentation or Upload your own. (tags: charging power)

Why Ideas remain as ideas


Why do we fail to take idea's forward and execute it??

We are totally not convinced that the idea will work
we dont have passion to execute an idea and thus don't take the risk
we don't have necessary skill set to execute it
we assume things will work in a certain way, but reality will be something else
we are not sure whom to trust and wont share ideas with others
we don't want to move out of comfort zone
Probably your ideas are ahead of time
You shared it with wrong people
You lack the environment, which encourages ideas

may be ..hmmm may be..End of the day what matters is whether you executed it or not

Tuesday, November 04, 2008

What is management consultancy?

What is management consultancy?

As a MBA student all we hear in today's world( after credit crunch and pretty low investment banking jobs) is shift towards management consultancy. I could gather very good idea of the information below.

Consultants are hired by companies who need a fresh outside perspective along with the problem solving and analytical skills.

Management consulting firms can be classified on the basis of their functional area such as specializing in giving advice on general business strategy question, or providing advisory services in niche and specialized areas like technology, marketing, finance, operations or HR. An alternative/parallel way of classification can be on the structure followed, i.e. some concentrate on a specific industry area like financial services or retail, while there are some which are huge and have divisions that provide advice on everything from top-level strategy, to choosing which software to install, to interesting things like saving money on paper clips.

Consulting firms are typically organized according to industry and type of problem as well. For example, a firm like Bain & Company might focus on strategy problems only but in virtually any industry. On the other hand, there can be firms which focus on a particular industry only but advise on nearly any type of issue. Many of the larger firms however have a matrix organization, with both industry practice groups and functional practice groups.

Saying this, there is one thing which management consulting firms have in common: they all are powered by their people, their IP. The only product which a consulting firm ultimately has on offer is its employees' ability to solve the problem. As a consultant, you are that problem solver.


Types of Consulting Services

Management consulting firms provide services in 6 primary categories: Pure strategy, Operations strategy, marketing strategy, IT strategy, Financial strategy and HR strategy. The figure below shows how these areas fit together.

consultinglandscape







Strategy Consulting:
It helps client's most senior executives understand and face the macro level challenges of running their companies. Eg. Recommending a new strategic direction for a growing telecommunications company or to understand why a particular company always lose money and how they can reposition themselves to milk profit from new markets.

Marketing Consulting: Consultants work with senior marketing or BD leadership to shape overall marketing plan or develop detailed approaches to launch a new product or optimize existing ones. E.g. To evaluate the ROI in various marketing and sales activities


Operations Consulting:
Investigating customer service response times, reducing inventory and backlog levels, looking at the supply chain are some of the works that a consultant working in this domain does.

IT strategy Consulting: Helping clients achieve their business goals by leveraging in depth knowledge of computer and telecom hardware, software etc. There are two kinds of consulting, IT strategy and IT implementation consulting.

Financial Strategy Consulting: 3 primary categories, Corporate Finance, Risk Management and Insurance, and Corporate restructuring or turnaround consulting.

HR strategy Consulting: Putting the right people with right skills at the right place at the right compensation is what an HR consultant will do. They also restructure organizations, and help in change management.

Monday, October 27, 2008

Gordon Brown's visit to Imperial Business school

Today morning Prime Minister Gordon Brown visited Imperial College London today to meet with academics, business leaders and MBA students and discuss the global financial crisis.

He met few of my class mates ..asked them how to solve credit crunch etc :)
It feels great to be part of this institution. Hope I get to met such celebreties too !

You can watch video of him talking to my collegues here http://www3.imperial.ac.uk/newsandeventspggrp/imperialcollege/newssummary/news_27-10-2008-15-47-44?newsid=47817

Sunday, October 26, 2008

Comedies must see

I got this list from my friend but i do agree most of the ratings are credible !!
I have seen friends, two and half men , simpsons, whose line is it anyway and bit of small wonders i love them !!

njoy these if you can.. I am not sure if i can see any in my hectic MBA schedule but i will try and
see few

jokes/comedy craziness sentiapp story characters total
(25) (10) (-5) (10) (10) (50)

1. Scrubs 20 8 -3 8 10 43
2. Family Guy 20 10 0 8 10 48
3. Simpsons 15 8 -5 7 8 33
4. Futurama 20 8 -2 10 10 46
5. Friends 15 5 -5 6 10 31
6. Wonderfalls 15 8 -3 9 10 39

7. Joey 18 8 -2 6 9 39
8. WonderYears 15 5 -5 6 8 29
9. LifeOn... 18 5 -2 5 6 32
10.A Bit of .. 20 10 0 6 10 46
11.Mr Bean 15 10 -2 6 9 38
12.Home Imp 15 8 -3 6 8 35
13.SmallWonder
10 5 -3 6 6 24
14.WhoseLine 20 10 0 6 8 44
15.Seinfeld 20 10 -1 7 10 46
16.Malcolm 18 10 -2 7 10 43
17.T7S 15 8 -3 6 9 36
18.Everybody 18 8 -2 6 9 39
19.Committed 15 5 -3 5 6 33

20.Two Guys A. 18 5 -1 6 10 38
21.Caroline 20 8 -2 6 8 40
22.FullHouse 15 5 -3 6 6 29
23.JustShootMe 20 8 -2 6 8 40

New:
24.Arrest.Dev. 20 7 -2 9 9 43

25.2.5 Men 21 7 -1 7 9 43
26.My.N.Is.Earl 18 8 -3 9 8 40
27.H.I.M.Y.M. 18 7 -5 8 8 38
28.Tr.The.Riff. 19 8 -2 9 9 43
29.Southpark 20 9 -4 8 9 42
30.IT
Crowd 20 7 -1 8 9 43
31.Pepper D. 15 7 -3 8 8 35
32.Coupling 20 8 -3 8 9 42


In other words, lets analyse this a wee bit furthur:

If you are below the age of 10,
you are likely to find items 2,3,4 interesting simply becos they're animated..

you might want to try items 11, 13 and 22 becos they are meant to be for kids.
(they suck!)

If you are between 10 - 14
you would like 11, 13, and 22 plus a bit of 12 and 18. Anything else may be way out

of your league.

Range of 14 - 18
you will start hating 8, 13 and 22. you'll watch the rest anyway.

18 -
Now we're talking..
if one is a beginner to comedy, i'd suggest starting it light, but with the

best. Seinfeld is an ideal bet, classy mix of craziness, slapstick and jokes.
It may be more than a mouthful in the beginning, but it grows on you.
Once you've tried Seinfeld, try one of these : t7s, Two Guys.., Caroline..,

Friends, Joey, Everybody Loves.., Life On..., Wonder Years
These are all very similar serials with similar fundae. None of them are out
of this world, yet all of them have a few interesting characters whom you

would like to focus your attention on :) - Like Erics mom in T7S, Matt Perry
and MattLeBlanc in Joey/Friends, Rays brother in Everybody Loves..
I'd say ditch Friends and Life On a Stick. Try one or more of the rest.

You may want to try a few of simpsons before going ahead, and see if you like
them. Animated sentiapp/crazy comedy.
Once you've done one or more of these, you're ready for pure comedy :)
one that comes with no strings attached, no sentiapp. Try Whose Line..

first. If you like it, stop. Dont watch too many of those, they are
way too precious to be gobbled up in a sitting. Keep some for a day when
you are feeling down. Now, you're ready for CRAZY comedy: Futurama, Family Guy,

A Bit of Fry.. Dont miss ANY of these.
If you like sarcasm, you may want to try Scrubs, you wont regret it!
Thats it!
You are now a fully qualified comedy connoisseur!

My current top 5:
1. Family Guy (now, and forever!)

2. IT Crowd (can totally relate with these complete geeks)
3. Two and a Half Men (who writes the dialogues for this show!!)
4. Seinfeld (all time favorite. the perfect sitcom. period)
5. Scrubs (crazy shit. its been through some rough times, but it still rules)

6. Arrested Development (classy humor. you dont need background laugh cues when ur this good)

Thursday, October 23, 2008

Sub prime

I received a Email forward on sub prime !! please read it only for a fun. No harm intended for the people who lost job/money in subprime.


President Bush said clients shouldn't be concerned by all these bank closings. If the bank is closed, you just use the ATM, he said.

George Bush said that he is saddened to hear about the demise of Lehman brothers… His thoughts at this time go out to their mother as losing one son is hard but losing two is a tragedy.

The problem with investment bank balance sheets is that on the left side nothing is right and on the right side nothing is left.

There are 30 billion prime numbers below 700 billion. The rest are all subprime.

Why are all MBAs going back to school? To ask for their money back.

For Geography students: What's the capital of Iceland? Answer: About Three Pounds Fifty...

A trader: "This is worse than a divorce. I've lost half my net worth and I still have a wife."

What's the difference between a guy who just lost everything in Vegas and an investment banker? A tie.

What's the difference between a bond and a bond trader? A bond matures.

Lehman have changed their recommendation on Lehman from hold to sell.

Forty years ago I sold fifty shares of my company stock and had enough money to purchase a brand-new 1967 Ford pickup. Last week, I checked it out, and if I sold another fifty shares, I'd have enough money to buy a 1967 Ford pickup. So, the market has stablised.

Q: What is the definition of optimism?
A: An investment banker ironing five shirts on a Sunday night

Q: What is the one thing Wall St and the Olympics have in common?
A: Synchronised diving

Q: What is the difference between a pigeon and a merchant banker?
A: A pigeon can still put a deposit on a Ferrari

Q: What do you say to a hedge fund manager who can't short-sell anything?
A: Quarter pounder with fries please

Q: How many commodities traders does it take to change a light bulb?
A: None, they don't change bulbs; but the trading price of darkness plummets due to oversupply

Three things in life

I got a very nice forward so thought of posting this for future rollback :) very simple but true things !

The: Three things in life that, once gone, never come back -

(1)- Time
(2)- Embedded Words
(3)- Opportunity

Three things in life that may never be lost -

(1)- Peace
(2)- Hope
(3)- Honesty

Three things in life that are most valuable -

(1)- Love
(2)- Self-confidence
(3)- Friends

Three things in life that are never certain -

(1)- Dreams
(2)- Success
(3)- Fortune

Three things that make a man/woman -

(1)- Hard work
(2)- Sincerity
(3)- commitment

Three things in life that can destroy a man/woman -

(1)- Alcohol
(2)- Pride
(3)- Anger

Three things in life that, once lost, hard to build-up -

(1)- Respect
(2)- Trust
(3)- Friendship

Three things in life that never fail -

(1)- True love
(2)- Determination
(3)- Belief

Take care of these things ..

Sunday, October 19, 2008

Optimism wanes as crisis reaches India

Optimism wanes as crisis reaches India

http://news.bbc.co.uk/1/hi/business/7676719.stm


- My view India wont be effected as US UK but there is some amount of effect on finance and housing market in india. My view is that Indian growth is domestic growth so it will be least impacted however impact will be there but not as a earthquake rather a small tremour.

Friday, October 17, 2008

will miss you dada

Ganguly announced his retirement !! This was bit of shock to me but it was inevitable with the way selectors were ploying around him.

Few great things I like in him

Most important thing I like in Ganguly, is the way he made an amazing comeback into the Indian cricket team after being thrown out.. It was a huge mess.. & only the will power and determination of Ganguly that got him back into the team..

He is a great guy who had one of great offside shots and would come down the track and smack the bowler! Best compliment to his offside shots is well exemplified by Rahul Dravid , "on the off-side, first there is God, then there is Saurav Ganguly."

I love his leadership skills he would always back his decisions and never afraid to experiment. I would say he is the person who brought "never give up attitude" to indian team. This attitude has infected others too :) present breed of youngsters i feel are the fruits of his seeds.


Hail dada.... you are true sportsman and your life is inspirational not only to upcoming cricketers but your leadership spirit, innovative skills, never give attitude can be applied to all spheres of life.

Sourav Ganguly - Winning is Everything

Tuesday, October 14, 2008

Learning to Act Like a Leader

Listen more respectfully
• Pick up on subtle cues
• Demonstrate trust
• Value opinions

The power of improv comes from the instant feedback that the games provide. You can quickly see what habits you need to break, have the opportunity to practice new skills while receiving continuous reinforcement, and have fun at the same time.

To demonstrate how improv builds leadership skills let’s look at a few principles of improv:

Say “Yes, And”
Leaders often need help breaking the “no, but” habit. A basic principle of improv is to accept all offers. There are a number of improv games that teach this principle and in the process demonstrate that people are more energized and engaged by leaders that say “Yes, and.”

Make Each Other Look Good
Great improvisers can bring an audience member on stage and have that person leave the stage feeling like a brilliant improviser. That is the “make each other look good” principle in action. Improv is a true collaborative activity. Success isn’t measured by how brilliant you look, but how well you support the efforts of others. You don’t have to worry about your success: the rest of the group is doing that for you!

Take A Back Seat
Many beginning improvisers try to control the scene. They are referred to as “drivers.” They are adding too much value and not leaving enough room for others. They aren’t trusting that others can make them look good. Great improv, like great leadership, requires the willingness to take a back seat and let others drive.

These are just a few examples of the improv/recognition connection. The lessons that improv teaches introduce and reinforce many of the behaviors that make great leaders.

Cindy Ventrice is the author of Make Their Day! Employee Recognition That Works. You can visit her website at www.maketheirday.com.

First week at MBA

My First week was a fun week where we had good induction. We are class of 65 and a very diverse one !! few interesting facts

> Class has people from India 30% ( 20 people), Greece, south america, USA, Germany , china, South Korea, Singapore etc
> Very diverse work profiles...We have Surgeon, Lawyer, PHD's, BBC editor, as usual tons of Indian IT folks :)
> Age ranges from 23 to 45 !

First day we had team collaboration event where team was asked "to make rocket and make it fly" it was fun and indeed our rocket did fly very high in air..few snaps are below



We had a around 3 parties in first week seems fun isnt it ;) however I have to admit that next one year looks to be very hectic and packed up.
We were introduced to courses for next one year. Imperial focuses a lot on innovation and entrepreneurship.

This term we have 3 courses

> Accounting
> Economics : Macro and Micro
> People and organization

Followed by

> Strategy
> Marketing
> Finance Management

Then Project on IED( innovation design and entreprenuership) , 3 electives and Final project.

My Objective from MBA is being more focussed on Strategy and get into Strategy Consulting.

My next 2 months blog will be focussed on learnings on Accounting, Economics, People and organisation.

Ohh BTW i have joined Table tennis, Tennis and cricket club in Imperial college ..so I plan to reduce 10 kgs in next one year. Hope I achieve that :)
Till then off to studying ...bubye

Good News !!

Hi Guys,

I havent updated for a while !! A good news I have left my job at Symbian and heading back to education :)... I started my full time on Oct 6 2008 at Imperial College London.

for next one year my blog will be mainly focused on

> MBA updates: I will use the blog as my diary /placeholder to update on goings
> Telecom trends: this is my passion so i will continue this posting

Cheers
Praveen

Wednesday, October 01, 2008

State of Iphone Satisfaction

http://technologizer.com/2008/09/30/iphone-satisfaction/

Friday, September 26, 2008

For Non-SWE: non-technical persons guide to working in technical forums

or the open source community, or Programming DBs, etc.
Ok, so it's written about hackers but I relate to a lot of what is written and it's amusing too!

http://www.catb.org/~esr/faqs/smart-questions.html

Wednesday, September 24, 2008

"Serendipity " Does this always happen to you ?

"Serendipity "

is the effect by which one accidentally discovers something fortunate, especially while looking for something else entirely.

This happens many a times for me !! very nice word too na

Tuesday, September 23, 2008

8 hacks to make Firefox ridiculously fast

In Depth: 8 hacks to make Firefox ridiculously fast

Firefox has been outperforming IE in every department for years, and version 3 is speedier than ever.

But tweak the right settings and you could make it faster still, more than doubling your speed in some situations, all for about five minutes work and for the cost of precisely nothing at all. Here's what you need to do.

1. Enable pipelining

Browsers are normally very polite, sending a request to a server then waiting for a response before continuing. Pipelining is a more aggressive technique that lets them send multiple requests before any responses are received, often reducing page download times. To enable it, type about:config in the address bar, double-click network.http.pipelining and network.http.proxy.pipelining so their values are set to true, then double-click network.http.pipelining.maxrequests and set this to 8.

Keep in mind that some servers don't support pipelining, though, and if you regularly visit a lot of these then the tweak can actually reduce performance. Set network.http.pipelining and network.http.proxy.pipelining to false again if you have any problems.

2. Render quickly

Large, complex web pages can take a while to download. Firefox doesn't want to keep you waiting, so by default will display what it's received so far every 0.12 seconds (the "content notify interval"). While this helps the browser feel snappy, frequent redraws increase the total page load time, so a longer content notify interval will improve performance.

Type about:config and press [Enter], then right-click (Apple users ctrl-click) somewhere in the window and select New > Integer. Type content.notify.interval as your preference name, click OK, enter 500000 (that's five hundred thousand, not fifty thousand) and click OK again.

Right-click again in the window and select New > Boolean. This time create a value called content.notify.ontimer and set it to True to finish the job.

3. Faster loading

If you haven't moved your mouse or touched the keyboard for 0.75 seconds (the content switch threshold) then Firefox enters a low frequency interrupt mode, which means its interface becomes less responsive but your page loads more quickly. Reducing the content switch threshold can improve performance, then, and it only takes a moment.

Type about:config and press [Enter], right-click in the window and select New > Integer. Type content.switch.threshold, click OK, enter 250000 (a quarter of a second) and click OK to finish.

4. No interruptions

You can take the last step even further by telling Firefox to ignore user interface events altogether until the current page has been downloaded. This is a little drastic as Firefox could remain unresponsive for quite some time, but try this and see how it works for you.

Type about:config, press [Enter], right-click in the window and select New > Boolean. Type content.interrupt.parsing, click OK, set the value to False and click OK.

5. Block Flash

Intrusive Flash animations are everywhere, popping up over the content you actually want to read and slowing down your browsing. Fortunately there's a very easy solution. Install the Flashblock extension (flashblock.mozdev.org) and it'll block all Flash applets from loading, so web pages will display much more quickly. And if you discover some Flash content that isn't entirely useless, just click its placeholder to download and view the applet as normal.

6. Increase the cache size

As you browse the web so Firefox stores site images and scripts in a local memory cache, where they can be speedily retrieved if you revisit the same page. If you have plenty of RAM (2 GB of more), leave Firefox running all the time and regularly return to pages then you can improve performance by increasing this cache size. Type about:config and press [Enter], then right-click anywhere in the window and select New > Integer. Type browser.cache.memory.capacity, click OK, enter 65536 and click OK, then restart your browser to get the new, larger cache.

7. Enable TraceMonkey

TraceMonkey is a new Firefox feature that converts slow Javascript into super-speedy x86 code, and so lets it run some functions anything up to 20 times faster than the current version. It's still buggy so isn't available in the regular Firefox download yet, but if you're willing to risk the odd crash or two then there's an easy way to try it out.

Install the latest nightly build (ftp://ftp.mozilla.org/pub/firefox/nightly/latest-trunk/), launch it, type about:config in the address bar and press Enter. Type JIT in the filter box, then double-click javascript.options.jit.chrome and javascript.options.jit.content to change their values to true, and that's it - you're running the fastest Firefox Javascript engine ever.

8. Compress data

If you've a slow internet connection then it may feel like you'll never get Firefox to perform properly, but that's not necessarily true. Install toonel.net (toonel.net) and this clever Java applet will re-route your web traffic through its own server, compressing it at the same time, so there's much less to download. And it can even compress JPEGs by allowing you to reduce their quality. This all helps to cut your data transfer, useful if you're on a limited 1 GB-per-month account, and can at best double your browsing performance.

Tuesday, September 16, 2008

Good Books on Innovation

Good Books on Innovation

If you’re looking for more insight into the successful application of innovation, here’s a list of thought-provoking books you'll probably enjoy:

“Making innovation work - how to manage it, measure it, and profit from it”
by Tony Davila, Marc J. Epstein, and Robert Shelton

“The ten faces of innovation: IDEO’s strategies for beating the devil’s advocate & driving creativity throughout your organization”
by Tom Kelley and Jonathan Littman

“Open innovation - the new imperative for creating and profiting from technology”
by Henry Chesbrough

“The Kaizen way - one small step can change your life”
by Robert Maurer

“Dealing with Darwin: how great companies innovate at every phase of their evolution”
by Geoffrey Moore

“The elegant solution: Toyota’s formula for mastering innovation”
by Matthew E. May

“Fast second: how smart companies bypass radical innovation to enter and dominate new markets”
by Constantinos C. Markides and Paul A. Geroski

Monday, September 15, 2008

cool graphical tool for doing Google searches

Was demonstrated this tool when viewing a Screencast. It is a Java application to explore the connections between related websites. If you are doing any type of internet research, needing to find related websites, or maybe wanting to find how many of Nokia's websites link to Symbian's, then this is the tool, for fun and for work:

http://www.touchgraph.com/TGGoogleBrowser.html


It gives you a good idea of the hierarchy behind the websites

Tuesday, August 12, 2008

walk to TATE modern

Just had a stroll after lunch to TATE modern and Millenium bridge both are just behind the building where I work...for the interested one's my symbian address is SE1 0SU
Enjoy these snaps !

Friday, August 08, 2008

US recession has least impact on India !

Following my earlier post in india about recession in india ...here is one good reason why recession didn't effect India

Source

Sonia Gandhi should thank Finance Minister Chidambaram for resisting proposals to put part of India's foreign exchange reserves into a Sovereign Wealth Fund, which would buy equity shares in top global companies. Such a Sovereign Wealth Fund (SWF)—an idea backed by eminent economists, the Prime Minister and the Planning Commission—would have suffered huge losses because of the collapse of global stock markets since January.

Neither Opposition politicians nor the public would have been satisfied by explanations that stock markets yield high long-term gains, notwithstanding short-term fluctuations. The Left Front would have accused Chidambaram of gambling away the country's precious assets in casino capitalism. Others would have accused top Congress politicians of having been bribed or arm-twisted into making dubious investments.

The government would have protested its innocence, and pointed out that the SWFs of many other countries—from China and Abu Dhabi to Singapore and Norway—had also suffered in the market slump. But Indians are quick to see scams when anything untoward happens. The reputation of politicians is so poor that many voters will believe accusations of manipulation and venality.

The US share price of Citibank, the world's biggest bank, plunged from $56 last year to a low point of $19 last week. Citibank was hit, along with many other top banks, by the sub-prime mortgage crisis in the US. Now, investment experts will find much logic in all SWFs investing a bit in companies like Citibank, since it is the biggest bank in the world. Yet, had Chidambaram set up an SWF, and had it invested in Citibank, Opposition politicians would have screamed “scam” after the latest price crash. Marxists would have claimed that the US had arm-twisted India into investing in sinking banks as a price for the nuclear deal!

Now, there is indeed an economic case for a Sovereign Wealth Fund. Many countries with surplus forex reserves—mostly oil exporters, but also China and Singapore—have set up SWFs that invest in equities. The total assets of all SWFs are almost $3 trillion. India has experienced a huge inflow of dollars in recent years, raising its reserves to $ 290 billion, vastly in excess of any balance of payments needs.

In a seminal paper two years ago, economist Larry Summers, former US Treasury Secretary, made a strong case for developing countries to put excess reserves into stock markets. He argued that, for balance of payments security, a country's forex reserves should equal one year's short-term debt. As an abundant precaution, he assumed that countries would hold reserves of double that amount. Even after that, he calculated, 121 developing countries would have excess forex reserves of $2 trillion, equal to 19% of their combined GDP in 2004.

He further pointed out that these reserves yielded pathetically low yields when invested in short-term gilts—the traditional, safe practice. History showed that investment in equities would yield far more, despite short-term fluctuations. So, Summers proposed that all developing countries should put excess reserves into SWFs that would invest in shares. In India's case, he calculated that the additional yield from such an SWF would be 1 to 1.5% of GDP (or Rs 40,000-60,000 crore) per year.

This was by no means the only rationale for SWFs. Fast growth had made China a massive importer of raw materials, and so its government invested in commodity companies globally. Indeed, it gave massive sums in foreign aid as an additional sweetener to African commodity producers.

Many in India wanted to follow suit. Their aim was not simply to earn a higher yield on forex reserves, but to secure long-term sources of raw materials—oil, gas, coal, non-ferrous metals, even palm oil. The ONGC invested in several oil and gas ventures abroad. Tata, Birla and Sterlite invested in foreign mines for commercial reasons, unrelated to deploying excess forex reserves.

However, Chidambaram and RBI Governor Y V Reddy opposed any SWF for India. Reddy said SWFs were appropriate for countries with mineral windfalls (such as oil exporters), but not India. Indeed, India ran a modest current account deficit, and so needed to import dollars. Now, the world had flooded India with far more dollars than it could absorb, but this was not a structural surplus.

Chidambaram took refuge in a further technical argument. He said that SWFs made sense for countries with excess savings, reflected in a fiscal surplus. But India ran a large fiscal deficit.

However, these technical economic arguments pale besides the political ones. The stock market is seen by both Opposition politicians and the general public as a dodgy place full of crooked manipulators (remember Harshad Mehta and Ketan Parekh). Making money on the stock market is seen as risky, if not actually sinful. Indeed, the Left front has stymied attempts to put pension/provident fund money into Indian equities.

In these circumstances, Chidambaram has shown sound political judgement in refusing to set up an SWF. This might in the long run yield some financial gains. But it carries short-term risks, as has just been demonstrated by the slump in stock markets. So, it needs to be avoided in the run-up to the next general election.

Wednesday, August 06, 2008

Five Key Trends in Mobile Devices Through 2009

Source : Gartner

Gartner has identified five major trends that will impact the mobile device market through 2009, in areas ranging from partner “ecosystems” and competitive landscapes to innovations in device usability and interfaces. The trends include:

Established Vendors Consolidate and New Players Join the Fray. New device vendors, such as Apple and Garmin, are looking to differentiate themselves, while big-name vendors, such as Motorola, face pressure as market shares decline and design innovation becomes increasingly challenging. The lower cost of mobile phone reference designs and modules, as well as the appeal of such a large market, will attract more conventional consumer electronics companies to join the market.

Device Vendors Build Out Ecosystems. Pressure from operators to lower the price of devices will drive some established players to seek out new sources of revenue from content and services sold to end users. This trend is epitomised by Nokia with Ovi, Sony Ericsson with PlayNow and Apple with its iTunes store. This new market will bring changes in relationships between vendors, operators and content providers. Applications relevant to enterprises, such as location and navigation, will increasingly become available directly from device vendors that are integrating GPS into their products.

Devices Makers Will Focus on Removing Complexity for the User. Increasing device functionality and a need for differentiation will drive demand to simplify the user interface (UI) and service experience. As a consequence, mobile device vendors need to build up their UI competencies while retaining familiarity as well as considering how users can move horizontally across their devices’ applications, rather than simply vertically within them.

Mobile Devices Increasingly Become Lifestyle Statements. Style will play more of a role across the range of devices, driven not only by fashion trends but also by consumers’ desires to reinforce their lifestyle choices. Vendors need to have established platforms on which small changes to casings and colours can be made without impacting costs. They will also need to consider partnering with nonmobile companies and brands — such as consumer electronics, fashion or sports companies — to increase the lifestyle appeal and consumer reach of their products.

High-End Device Platforms Become “Field-Refreshable." As cellular technologies become part of increasingly expensive consumer devices, vendors must manage ongoing support, upgrades and enhancement of drives. Because many users will hold onto high-end devices longer, these platforms will need more life cycle management in the form of upgrades and enhancements. Some vendors are implementing these “field refreshes” that can be made to support new digital rights management (DRM) requirements, download bug fixes, or download new applications, wallpapers or skins to keep devices up-to-date.

Why india is better then China

Very nice article by Shashi Tharoor in TOI

In an April 20 column, I argued the case for Sino-Indian economic co-operation, suggesting the two countries had complementarities that could make such co-operation mutually beneficial (as some companies in both countries are already proving). I also dismissed any talk of comparing India to China, arguing that the two countries' systems are so different that we simply can't compete with China in the growth stakes. Lest some readers infer from this that i think China is superior to India in every respect, let me assure them that they are wrong.

Certainly, in absolute numbers, the Chinese are way ahead. Their export of electronic goods now tops $180 billion a year. One out of every three shoes exported in the world is made in China. They make 75% of the world's toys. Foreign direct investment is at the level of $70 billion a year (for comparison, India gets $15 billion). Shanghai alone has nearly 4,000 skyscrapers (more than all of India, and exceeding Los Angeles and Chicago combined). China has built an estimated 60,000 kilometers of expressways in less than two decades and will soon outstrip the total length of the US highway network. Per capita income has risen nearly 10-fold since 1978 to over $6,000 a head, and the number of people living in absolute poverty has dropped from 425 million two decades ago to 26 million today. The population is almost totally literate; life expectancy is reaching developed-country levels. This year, China is expected to overtake Germany to become the world's third largest economy, behind the US and Japan. It won't stay Number Three for long.

Against this, though, are a number of factors suggesting that not everything is rosy in China. Economic growth has occurred at breakneck speed, but that means some necks have been broken: the human cost of development has not been negligible (population displacement, farmers thrown off their lands, villages flooded by dams, mounting pollution, low-wage labour in appalling conditions, widening disparities between the rich and the poor, an absence of human rights and few checks on governmental abuses). The Chinese have seen great and rapid improvements in their Internet access, but Beijing employs some 40,000 'cyber-police' to monitor politically-undesirable activity on the Web.

Equally important, China's success has not just been China's; a disproportionate share of the benefit goes abroad, to the foreign companies who have set up factories in China. It has been estimated that of the $700 American price of a Chinese-made laptop, only $15 remains in China. Only four of the country's top 25 exporters are Chinese companies, according to Forbes magazine's Robyn Meredith, who adds that in practice, 'Made in China' really means 'Made by America (or Europe) in China'. The Chinese financial system also leaves much to be desired. Where India has been running sophisticated stock markets since the early 19th century — and Indians are so skilled at doing so that they got the Bombay stock market up and running within 24 hours of the 1992 bomb blasts — China is new at the game, and not particularly adept at it.

The financial information provided by China's companies, especially those in the large governmental sector, is notoriously unreliable, and standards of corporate governance are low. There are no world-class Chinese companies with sophisticated managers to match Tata or Wipro or Infosys. China's capital markets are weak and its banks inefficient: the Chinese banking system carried an estimated $911 billion in unrecoverable loans as of 2006, mainly to government firms. State-owned enterprises still account for half of China's economic assets. China has yet to master the art of channelling domestic savings into productive investments, which is why it has relied so extensively on foreign direct investment.

And the world has yet to develop any confidence in China's legal system (where a contract still means whatever the government says it means). In other words, it still lags behind India on the 'software' of development — not just technical brainpower or engineering know-how, but the systems it needs to operate a 21st century economy in an open and globalising world.

And then there's politics. Whatever you might say about India's sclerotic bureaucracy versus China's efficient one, our tangles of red tape versus their unfurled red carpet to foreign investors, our contentious and fractious political parties versus their smoothly-functioning top-down Communist hierarchy, there's one thing you've got to grant us: India has become an outstanding example of the management of diversity through pluralist democracy. Every Indian has been allowed to feel he or she has as much of a stake in the country, and as much of a chance to run it, as anyone else: after all, our last elections were won by an Italian woman of Roman Catholic heritage who made way for a Sikh to be sworn in as PM by a Muslim president, in a nation 81% Hindu.

And our largest state is being ruled by a Dalit woman, from a community once considered 'untouchable', who bids fair to rule the entire country if she can make the coalition arithmetic add up right after the next election. She wasn't promoted by the Brahmin elite in New Delhi; she rode to the top on the ballots of her political base. Contrast this with Beijing, where political freedom is unknown, leaders at all levels are handpicked from the top for their posts, and political heresy is met with swift punishment, house-arrest or worse. India's politics means its shock-absorbers are built into the system; it has endured major road-bumps without the vehicle ever breaking down.

In China's case, it is far from clear what would happen if the limousine of state actually encountered a serious pothole. The present system wasn't designed to cope with fundamental challenges to it except through repression. But every autocratic state in history has come to a point where repression was no longer enough. If that point is reached in China, all bets are off. The dragon could stumble where the elephant can always trundle on.

comments please :(((

I have more then 1000 visitors to my blog !! thanks for spending time to read my blogs
> 1000 visitors is certainly interesting news for me :))

Since i majorly post what interests me do you have any suggestion on what I could add or improve on ?... comments welcome

Personally I think i just comment on what is written by someoneelse so I wondering why be reactive rather take the lead and write your opinions ! just a thought

Would love to hear from you all

Monday, August 04, 2008

Keep the Spark

speech given by Chetan Bhagat.

Keep the Spark

Good Morning everyone and thank you for giving me this chance to speak to you. This day is about you. You, who have come to this college, leaving the comfort of your homes (or in some cases discomfort), to become something in your life. I am sure you are excited. There are few days in human life when one is truly elated. The first day in college is one of them. When you were getting ready today, you felt a tingling in your stomach. What would the auditorium be like, what would the teachers be like, who are my new classmates - there is so much to be curious about. I call this excitement, the spark within you that makes you feel truly alive today. Today I am going to talk about keeping the spark shining. Or to put it another way, how to be happy most, if not all the time.

Where do these sparks start? I think we are born with them. My 3-year old twin boys have a million sparks. A little Spiderman toy can make them jump on the bed. They get thrills from creaky swings in the park. A story from daddy gets them excited. They do a daily countdown for birthday party – several months in advance – just for the day they
will cut their own birthday cake.

I see students like you, and I still see some sparks.. But when I see older people, the spark is difficult to find.. That means as we age, the spark fades. People whose spark has faded too much are dull, dejected, aimless and bitter. Remember Kareena in the first half of Jab We Met vs the second half? That is what happens when the spark is
lost. So how to save the spark?

Imagine the spark to be a lamp’s flame. The first aspect is nurturing - to give your spark the fuel, continuously. The second is to guard against storms.

To nurture, always have goals. It is human nature to strive, improve and achieve full potential. In fact, that is success. It is what is possible for you. It isn’t any external measure - a certain cost to company pay package, a particular car or house.

Most of us are from middle class families. To us, having material landmarks is success and rightly so. When you have grown up where money constraints force everyday choices, financial freedom is a big achievement.

But it isn’t the purpose of life. If that was the case, Mr Ambani would not show up for work. Shah Rukh Khan would stay at home and not dance anymore. Steve Jobs won’t be working hard to make a better iPhone, as he sold Pixar for billions of dollars already. Why do they do it? What makes them come to work everyday?

They do it because it makes them happy. They do it because it makes them feel alive. Just getting better from current levels feels good. If you study hard, you can improve your rank. If you make an effort to interact with people, you will do better in interviews. If you practice, your cricket will get better. You may also know that you cannot become Tendulkar, yet. But you can get to the next level. Striving for that next level is important.

Nature designed with a random set of genes and circumstances in which we were born. To be happy, we have to accept it and make the most of nature’s design. Are you? Goals will help you do that.

I must add, don’t just have career or academic goals. Set goals to give you a balanced, successful life. I use the word balanced before successful. Balanced means ensuring your health, relationships, mental peace are all in good order.

There is no point of getting a promotion on the day of your breakup. There is no fun in driving a car if your back hurts. Shopping is not enjoyable if your mind is full of tensions.

You must have read some quotes - Life is a tough race, it is a marathon or whatever.. No, from what I have seen so far, life is one of those races in nursery school. Where you have to run with a marble in a spoon kept in your mouth. If the marble falls, there is no point coming first. Same with life, where health and relationships are the marble. Your striving is only worth it if there is harmony in your life. Else, you may achieve the success, but this spark, this feeling
of being excited and alive, will start to die.

One last thing about nurturing the spark - don’t take life seriously. One of my yoga teachers used to make students laugh during classes. One student asked him if these jokes would take away something from the yoga practice. The teacher said - don’t be serious, be sincere. This quote has defined my work ever since. Whether its my writing, my job, my relationships or any of my goals. I get thousands of opinions on my writing everyday. There is heaps of praise, there is intense criticism. If I take it all seriously, how will I write? Or rather, how will I live? Life is not to be taken seriously, as we are really
temporary here. We are like a pre-paid card with limited validity. If we are lucky, we may last another 50 years. And 50 years is just 2,500 weekends. Do we really need to get so worked up? It’s ok, bunk a few classes, goof up a few interviews, fall in love. We are people, not programmed devices.

I’ve told you three things - reasonable goals, balance and not taking it too seriously that will nurture the spark. However, there are four storms in life that will threaten to completely put out the flame. These must be guarded against. These are disappointment, frustration, unfairness and loneliness of purpose.

Disappointment will come when your effort does not give you the expected return. If things don’t go as planned or if you face failure. Failure is extremely difficult to handle, but those that do come out stronger. What did this failure teach me? is the question you will need to ask. You will feel miserable. You will want to quit, like I wanted to when nine publishers rejected my first book. Some IITians kill themselves over low grades – how silly is that? But that is how much failure can hurt you.

But it’s life. If challenges could always be overcome, they would cease to be a challenge. And remember - if you are failing at
something, that means you are at your limit or potential. And that’s where you want to be.

Disappointment’s cousin is frustration, the second storm. Have you ever been frustrated? It happens when things are stuck. This is especially relevant in India. From traffic jams to getting that job you deserve, sometimes things take so long that you don’t know if you chose the right goal. After books, I set the goal of writing for Bollywood, as I thought they needed writers. I am called extremely lucky, but it took me five years to get close to a release.

Frustration saps excitement, and turns your initial energy into something negative, making you a bitter person. How did I deal with it? A realistic assessment of the time involved – movies take a long time to make even though they are watched quickly, seeking a certain enjoyment in the process rather than the end result – at least I was learning how to write scripts , having a side plan – I had my third book to write and even something as simple as pleasurable distractions
in your life - friends, food, travel can help you overcome it. Remember, nothing is to be taken seriously. Frustration is a sign somewhere, you took it too seriously.

Unfairness - this is hardest to deal with, but unfortunately that is how our country works. People with connections, rich dads, beautiful faces, pedigree find it easier to make it – not just in Bollywood, but everywhere. And sometimes it is just plain luck. There are so few opportunities in India, so many stars need to be aligned for you to make it happen. Merit and hard work is not always linked to achievement in the short term, but the long term correlation is high, and ultimately things do work out. But realize, there will be some people luckier than you.

In fact, to have an opportunity to go to college and understand this speech in English means you are pretty darn lucky by Indian standards. Let’s be grateful for what we have and get the strength to accept what we don’t. I have so much love from my readers that other writers cannot even imagine it. However, I don’t get literary praise. It’s ok.
I don’t look like Aishwarya Rai, but I have two boys who I think are more beautiful than her. It’s ok. Don’t let unfairness kill your spark..

Finally, the last point that can kill your spark is isolation. As you grow older you will realize you are unique. When you are little, all kids want Ice cream and Spiderman. As you grow older to college, you still are a lot like your friends. But ten years later and you realize you are unique. What you want, what you believe in, what makes you feel, may be different from even the people closest to you. This can create conflict as your goals may not match with others. . And you may
drop some of them. Basketball captains in college invariably stop playing basketball by the time they have their second child. They give up something that meant so much to them. They do it for their family. But in doing that, the spark dies. Never, ever make that compromise. Love yourself first, and then others.

There you go. I’ve told you the four thunderstorms - disappointment, frustration, unfairness and isolation. You cannot avoid them, as like the monsoon they will come into your life at regular intervals. You just need to keep the raincoat handy to not let the spark die.

I welcome you again to the most wonderful years of your life. If someone gave me the choice to go back in time, I will surely choose college. But I also hope that ten years later as well, you eyes will shine the same way as they do today. That you will Keep the Spark alive, not only through college, but through the next 2,500 weekends. And I hope not just you, but my whole country will keep that spark alive, as we really need it now more than any moment in history. And there is something cool about saying - I come from the land of billion sparks.

Why Understanding Principles Is Essential in Coaching Others.

very nice article .. it may be applied to all spheres of discussion in life

http://www.netobjectives.com/blogs/why-understanding-principles-is-essential-in-coaching-others

Whenever I attempt to coach others, I have to acknowledge two things:
  1. People will only do what's in their best interest
  2. You can only get people to change their mind if it makes them right to do so
(Take a look at Joe Caruso’s excellent book, The Power of Losing Control, for more about this).

These strongly inform my beliefs about how to help people learn new approaches. I am often asked how to get other people to learn about Agile or Scrum methods. It can feel frustrating when you feel that the team should be doing something differently from the way it is currently being done… how do you get them to change?

In this blog, I discuss my approach and why understanding the principles underlying the practices is so important.

Look at the concerns behind the approaches

Imagine you are in a situation where someone is doing something you don't agree with. The first tack is often to look at what they are doing rather than what concerns they are really trying to address. That is not effective. I suggest that, almost always, the concerns they have are right but the solutions they have for addressing those concerns are wrong.

For example, suppose someone says, "Look, we need to do this design up-front to make sure that we have an architecture that works." They are taking a waterfall-ish approach. As an Agile person, you might be so taken aback by this approach that you miss what their real concerns are. Now, in this case, what is wrong and what is right? Look at the concern being expressed:

  • Solution: Create a good architecture that works.
  • Concern: Don't want to re-write code/architecture

What do you do?

You could tell them that their approach is wrong; but this will likely put them on the defensive. And that is not a good place for a constructive dialog! Instead, start by looking at their concern. If you cannot deduce it (and even if you can), you can always just ask. In this case, I'm pretty sure they are afraid they will lose time re-working the architecture if they don't get it right up-front. In other words, they want to be efficient. Or, perhaps they are concerned it will take too long to make changes to their code if they get the architecture wrong. In either case, they are concerned that the efficiency of development is not be compromised.

Well, I am concerned about this, too! I can agree with them. But I have a completely different solution.

The question is "why do I have a different solution?" The answer is because I am operating from a different set of beliefs. And these different beliefs result in a different set of practices that address the same concern.

Beliefs lead to practices

Discussing beliefs can be difficult because people often don't challenge them. Rather, they just assume they are true or act as if they are. Trying to change someone's beliefs directly is often difficult because it feels like an attack on them personally.

Working from the two principles I mentioned at the start of this blog, if I can get them to learn something that throws their belief into question for themselves, they may change their beliefs on their own... and thereby change their practices.

It works. But first, you have to understand what those beliefs are. And that is hard.

Discern the belief system

When someone does something I don't agree with, I start by asking myself,

What belief system would have someone think these practices are best when I believe those practices are not right?

In the example above, my first question would be, "What does this person believe that has them think that designing an architecture up front will work?" I can imagine many options. First, they believe that it's possible to do design up-front. Second, they believe that architectures cannot be designed to change over time. Those are probably good assumptions.

An even better approach would be to ask. This follows another good rule: Assume Nothing!

Another approach is to look at what they are focusing on. Beliefs are often informed by what people are looking at… what they assume to be true and real. That informs what they believe works.

Leading to change

You have several options available to you to help change behavior. Contrast the things someone is looking at and ignoring with the things you look at and ignore. Ask which things tend to be more predictive. This can be an objective conversation. You both are just trying to learn.

If you've observed enough evidence about how things behave, you may be able to state a principle about how what you are looking at affects the things you want to change. In my manufacturing case, the principle would be that minimizing delays will lower cost and improve quality. What's powerful about this is that you can talk to the person and they can see from their own experience how this belief system makes sense. They start realizing that looking at something different from what they previously looked at will be more effective. They have changed their belief system based on their experience by your having had them shift what they are to look at. True, they have to change their minds into looking at something differently (or at different things), but they adopt the new belief because they believe it now and it is consistent with what they are looking at. They are smarter than they were – not dumber. It is not a right Vs wrong thing anymore, but a making both people smarter. They have actually convinced themselves (OK, so you helped). By the way, if it turns out your belief system was wrong, then you learn something – which is also good.

My suggestion is to learn which beliefs are useful to have and which ones aren't. Discover what your associates (clients) believe. See what principles they follow that support those beliefs. See what principles you know would question those beliefs. And then, have a conversation with them about it. In essence, you look at the concerns they have (which are likely good) then deduce the beliefs that they must have to follow the practices they are suggesting. Find principles that throw these beliefs into question if your experience is that they are wrong. If you are right, your associate may learn something. If you are wrong, then you may learn something.

It's a win-win.

Alan Shalloway