"80% of young males who buy diapers also buy beers..."
This was one of the statistical data published in Wallstreet journal.
How did they come to this conclusion?
How did they know that diapers and beers have a connection?
How were they able to extract this piece of data from millions of numbers that had to be computed?
That's what is taught in Business analytics and Intelligence. And ofcourse, a lot more.
In the very first class, Professor Nagadevra managed to tickle the curiosity of the class with intriguing statistical data - something I had always thought as one of the most boring subjects ever!
Monday, November 15, 2010
Friday, May 7, 2010
International Taxation
It was one of those back-to-back sessions where you had to endure the same subject for 4 continuous sessions, which lasts from 8 AM to 1:30 PM. Almost 5 hours of International Taxation!! "Taxing", you'd think.
But I thoroughly enjoyed the session today.
Professor L Sridhar, who is a Chartered Accountant by profession, and a partner of Sridhar & Brito delivered the lectures. He is 53 years old, but was as active as a 33 year old throughout the lectures.He started with the question, "What is tax?" and was ofcourse, bombarded with various "definitions" of what tax is, including - "It is the penalty we pay to the government for earning".That ofcourse, is not true.The session covered why some people (read businesses) prefer certain countries for certain "transactions", when can there be Double taxations, how countries resolve it with Double Taxation Avoidance Agreement (DTAA), what are the loopholes in it, why exactly Lalit Modi routes transactions via Mauritius, what can be the rules of DTAA, what are the numbers present generally, what happens when you order a product in US site(online) from India but it is manufactured in China - which govts can be taxed how much, how organizations try to gain money by arbitrage between countries, how governments try to cover these loopholes with transfer pricing policy, what are the conditions for transfer pricing policy etc etc.It might seem like total alien topics (atleast, I would've felt that way if I was reading this in some one else's blog) and extremely boring, but the Prof. Sridhar simplified it into such a low level and gave very very relatable examples (I know there is no such word as relatable, but you get the point). He kept the class very much alive and made the whole learning experience FUN.
The lectures were thoroughly enjoyable.
And that followed by super delicious lunch :D
But I thoroughly enjoyed the session today.
Professor L Sridhar, who is a Chartered Accountant by profession, and a partner of Sridhar & Brito delivered the lectures. He is 53 years old, but was as active as a 33 year old throughout the lectures.He started with the question, "What is tax?" and was ofcourse, bombarded with various "definitions" of what tax is, including - "It is the penalty we pay to the government for earning".That ofcourse, is not true.The session covered why some people (read businesses) prefer certain countries for certain "transactions", when can there be Double taxations, how countries resolve it with Double Taxation Avoidance Agreement (DTAA), what are the loopholes in it, why exactly Lalit Modi routes transactions via Mauritius, what can be the rules of DTAA, what are the numbers present generally, what happens when you order a product in US site(online) from India but it is manufactured in China - which govts can be taxed how much, how organizations try to gain money by arbitrage between countries, how governments try to cover these loopholes with transfer pricing policy, what are the conditions for transfer pricing policy etc etc.It might seem like total alien topics (atleast, I would've felt that way if I was reading this in some one else's blog) and extremely boring, but the Prof. Sridhar simplified it into such a low level and gave very very relatable examples (I know there is no such word as relatable, but you get the point). He kept the class very much alive and made the whole learning experience FUN.
The lectures were thoroughly enjoyable.
And that followed by super delicious lunch :D
Sunday, April 18, 2010
The first week returning to college
As most of you might already know, all of us doing this course are all working executives. We all pretty much feel the same way when we get back to college.
Trust me, I would've regretted it if I didn't send my acceptance letter.
My classes started on 18th Jan 2010. I woke up early that day, took the bus, and reached college on time. I knew where I had to go (but was not aware of the shortcuts) so walked up to the Management Development Center (known more as MDC) and as I walked into the center. After inquiring at the reception, I sat down for a little while and waited to be called. Sharp at 7:50 am, they asked us to collect our materials, which had a file, a carry bag, 2 text books and pens. Everything with IIMB written on it. Feeling proud for some reason, I walked into the class, and settled down. I was just looking around to see my fellow class mates. There was a whole variety of students. I later figured that some had as many as 20 years of experience! We quickly settled down, and sharp at 8:00 am, Prof. Krishna addressed the students, inviting us, and asking us to just enjoy the course :). Prof. Ragunath also spoke a few words later and then we had our group photo at sharp 8:45 am.
Classes started at 9:00 am. The first 2 sessions was by Dr Sridhar, an ENT surgeon, also a researcher/promoter of NLP (Neuro Linguistic Program). He was trying to teach us how to get back to being students. Some were as old as 47. He gave us a lot of tips on how to wake yourself up if you find yourself falling asleep, how to get over fear of any subject, how to exercise the brain, how to be active though the class, etc. It was a good beginning (although, he did get carried away and started talking about functioning of the brain :) )
We had 4 breaks,
1. Coffee/tea break with snacks/biscuits
2. Juice break
3. Lunch break
4. Coffee/tea break with samosa/pakoda/bajji kind of snacks.
Post lunch we had Macro Economics, our first subject.
Prof Shyamal Roy = Knowledge pool (biiiiiiiiiiiiggg pool).
He was just too good. No nonsense talks, no break the ice, no pep talk. Direct plunge into the subject. He broke down the macro economic concepts in such simple terms and giving live examples esp about India was really really good. He made me feel, "How could I be without knowing all these things all these days!!" Total awesome professor. Very humble, very nice.
Here's a snippet of what you might go through too!
I got a mail with the subject "GMITE - IV Offer Letter". For a few seconds, I didn't even realize what it was. And then slowly, before I could consciously feel it, I was excited. I thought I'll send my confirmation letter immediately, but some unwanted, and meaningless thoughts crossed my mind and I was wondering if I should really take it. Is it really worth doing it? What will I get in return? Is this the time to do it? Do I not want to do a full fledged MBA? Why this? It is not recognized much. Blah blah, etc etc.
Trust me, I would've regretted it if I didn't send my acceptance letter.
My classes started on 18th Jan 2010. I woke up early that day, took the bus, and reached college on time. I knew where I had to go (but was not aware of the shortcuts) so walked up to the Management Development Center (known more as MDC) and as I walked into the center. After inquiring at the reception, I sat down for a little while and waited to be called. Sharp at 7:50 am, they asked us to collect our materials, which had a file, a carry bag, 2 text books and pens. Everything with IIMB written on it. Feeling proud for some reason, I walked into the class, and settled down. I was just looking around to see my fellow class mates. There was a whole variety of students. I later figured that some had as many as 20 years of experience! We quickly settled down, and sharp at 8:00 am, Prof. Krishna addressed the students, inviting us, and asking us to just enjoy the course :). Prof. Ragunath also spoke a few words later and then we had our group photo at sharp 8:45 am.
Classes started at 9:00 am. The first 2 sessions was by Dr Sridhar, an ENT surgeon, also a researcher/promoter of NLP (Neuro Linguistic Program). He was trying to teach us how to get back to being students. Some were as old as 47. He gave us a lot of tips on how to wake yourself up if you find yourself falling asleep, how to get over fear of any subject, how to exercise the brain, how to be active though the class, etc. It was a good beginning (although, he did get carried away and started talking about functioning of the brain :) )
We had 4 breaks,
1. Coffee/tea break with snacks/biscuits
2. Juice break
3. Lunch break
4. Coffee/tea break with samosa/pakoda/bajji kind of snacks.
Post lunch we had Macro Economics, our first subject.
Prof Shyamal Roy = Knowledge pool (biiiiiiiiiiiiggg pool).
He was just too good. No nonsense talks, no break the ice, no pep talk. Direct plunge into the subject. He broke down the macro economic concepts in such simple terms and giving live examples esp about India was really really good. He made me feel, "How could I be without knowing all these things all these days!!" Total awesome professor. Very humble, very nice.
At the end of the 1st day, I felt very happy with myself.
The next 4 days, we had Financial Accounting and Macro economics. Financial Accounting was taught by Hema Krishnamurthy ma'am. A visiting faculty who is actually a CA. Again, super cool, with a lot of patience and knowledge on the subject. She introduced me to Balance Sheets and Profit and Loss accounts, cash flow statements. The terms I had only heard of some years ago and something I thought was the most boring thing in the world. She educated us about their importance and boy, are they important!
That whole week, it was as though I had jumped to some fantasy land. Exploring the campus, admiring the teachers, learning real life practical stuff, going back to the library, ....
It was like going to Hogwarts School of Witchcraft and Wizardry.
The week ended with the Directors of the program giving us a welcome Dinner, which gave us an opportunity to socialize with our classmates and blend in the diversity.
A truly enjoyable week :)
The next 4 days, we had Financial Accounting and Macro economics. Financial Accounting was taught by Hema Krishnamurthy ma'am. A visiting faculty who is actually a CA. Again, super cool, with a lot of patience and knowledge on the subject. She introduced me to Balance Sheets and Profit and Loss accounts, cash flow statements. The terms I had only heard of some years ago and something I thought was the most boring thing in the world. She educated us about their importance and boy, are they important!
That whole week, it was as though I had jumped to some fantasy land. Exploring the campus, admiring the teachers, learning real life practical stuff, going back to the library, ....
It was like going to Hogwarts School of Witchcraft and Wizardry.
The week ended with the Directors of the program giving us a welcome Dinner, which gave us an opportunity to socialize with our classmates and blend in the diversity.
A truly enjoyable week :)
Tuesday, January 26, 2010
GMITE - Dinner at the Woods
When we got a pamplet about the "Dinner at the Woods" on Friday evening, we were excited about the prospect of getting to know the fellow classmates. but, the food was one of the main atrractions.On Friday evening when we reached the woods, there was a welcoming sight of campfire.
Mouth watering array of Dishes!
Sunday, January 24, 2010
GMITE@IIMB
What is GMITE?
GMITE stands for General Management Programme for IT Executives. It is a one year executive course in Indian Institute of Management, Bangalore.
What is the eligibility criteria?
- Mid-career professionals with potential for growth who have not had the benefit of formal B-School education.
- Graduates with a minimum of 3 years experience in Software/IT industry.
What are Programme Objectives?
1. Develop competencies and skills essential for senior management roles.
2. Impart contextual and functional knowledge of contemporary high quality management education.
3. Provide guidance to think through advanced business strategies in diverse competitive scenarios
Programme Framework & Contents
The GMITE prepares participants for this challenging transition by focusing on five essential themes:
Business Context, Environment, Customers. Competencies and Finance.
What is the procedure to apply?
Check for the application form in IIMB website in the section Executive Education Open Programs. It will be posted around June/July every year. The last date for submitting the application is around November 2nd week.
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