A balancing act

Its been nearly four months since our batch arrived in Singapore. Less than two months for this stint to get over and for us to head to Dubai. Time really does fly. These few months have been packed with activity- there are a lot of things one can choose to do apart from class work and making the right choices can be a balancing act.
An MBA experience has a lot to do with one's peers or batchmates. A great amount of learning comes from one's interaction with them. Our batch here is packed with enthusiasm and has spearheaded a number of new initiatives.
One of these is the 'Big Picture Series'. As part of this we meet once a week. A few persons volunteer to make a presentation on some subject or area of importance after which there is a dialogue between them and the audience and an exchange of ideas, opinions and different perspectives. The rationale behind this initiative is to think of the larger picture and to see things in perspective.
Another initiative is the establishment of a Toastmaster's Club within SPJCM. A sizeable number of students have enrolled for this to sharpen their public speaking skills and to get a forum for networking.
A fortnightly newsletter called 'Archaeopteryx- The Missing Link' covering finance, business and technology related articles has been rolled out. The team coordinating it sees it as a vehicle to bridge the gap between what is taught in class and what happens in the real world.
Our seniors left a couple of weeks back. They've been a friendly bunch and were ever willing to share their insights with us. The elections and interviews for the various committees we have in SPJCM were completed by them.
The Entrepreneurship and Networking Club has organized a few networking events already.
The importance of networking has been stated time and again by everyone who has been through the MBA experience.
Apart from the quizzes, classes, project and group work sessions everyday, there really is a lot one can do. It really depends on one's priorities and juggling between them to reach a balance.
Many of us are eagerly waiting to get over with this and begin earning and working again. But the best thing to do would be to savour each moment while we are here. I know our seniors are missing the time they spent here immensely. Nothing we've done in the past and nothing in the future can replicate this experience. So lets live it up!
-Chandrika Kanwar

Redefining Success of MBA

Recently I finished my MBA. As I landed myself a job during the placement week at my college, I guess I didn’t do badly by the conventional Indian definition of success at B-Schools. But is getting the job at the end of the term the only criteria for success in MBA? My experience says that getting a job is just one of the important parameters, especially in the Indian context. But then, is there more to MBA than getting the job? Yes, there is. MBA as a course is an experience worth going through. A course that teaches you valua ble lessons in teamwork and interpersonal skills – something most of the courses cannot boast of. Having gone through this experience before the multitude of you aspirants of MBA, I technically become your senior. Seniors are like classics – the books that everyone appreciates but no one reads. We seniors are like those priests who preach what they themselves don’t practice. Let me share with you some such gyan atleast some of which I might not have successfully exercised but on the hindsight, I wish I had.

Soft skills courses are important - We need to change our smug ‘know-all’ attitude towards soft-skills courses and those that deal with Human Relations. The problem, according to me, is that we perceive them to be synonymous to Communication Skills. And isn’t our selection into one of the premiere B-Schools of India proof enough of our good communication skills? But it is this very haughty attitude which is our undoing, especially because communication skill is just a part of the whole and not the be-all and end-all of it.

Groups – There are two ways a group can be formed: either college decides your group or students decide their own groups. This second group is more coherent since people generally handpick the ‘apparently’ better students of the lot. But such a selection has two problems the first of which is a proverbial aphorism – “Don’t judge a book by its cover.” The second problem is that people tend to choose only those they are comfortable and friendly with. So, the friendly, humourous and fun-to-be-with people get picked up faster while those perceived as nagging, inquisitive or overly-studious recluses are left out. This precept sometimes falls flat on its face because of the second rule, “The most sincere and knowledgeable people are not often the best people to hangout with.” Students realize their fallacy when they find that people who are pompously fun-to-be-with are not the best assets in a team. Flamboyance, in most cases, ends up being antagonistic to sincerity since the people who actually work in a group are rarely high profile. It is here that the group formed from the “left-overs” who were partners more out of compulsion than choice do a better job by working silently and sincerely, as is their wont. You need truckloads of serendipity to end up with a good group where almost everyone contributes. However, it’s only human to have a black-sheep in a group of six. So think twice before forming the group. The reserved, boring, next door nerd, & not the Mr. Flamboyant, might just be the right guy who’ll save your project.

Love blooms – It is only natural that clouds part, flowers blossom, angels sing and bells ring when a guy meets a gal. Please apportion a buffer for such an eventuality. God save the groups whose members fall in love with one of the batch-mates. No amount of coaxing, rebuking or imploring can get them out of their self-imposed honeymoon for they prefer to stay in that self-denial state of romantic hangover. After some initial altercations, you’ll learn to ignore and not expect from them. The faster your accept and adapt to this change, the better for you.

I want to Top – Our Indian education system has so deeply entrenched in us the association of self-worth with the marks and ensuing recognition that we almost forget that MBA is a different ball game altogether. You’ll find people who’re crazy after marks and those who just don’t give a damn. I would say, it is dangerous to stay in either of the camp. Going too much after marks would force you to stop looking for what you like and what would you make a career from. Your view of success would simply be a short-sighted rank. We have in our batch some commendable people who’ve been toppers all through their lives. But they say, they’re here not for rank. They’re here to discover what they want out of MBA. That should be your aim. At the same time, it is dangerous to lurk at the bottom of the pyramid. You need to ensure that you don’t let your ‘lack of concern for marks’ trickle you down to the bottom. Only a fine line separates being not concerned and being careless. Make sure you don’t cross that line. Staying somewhere in the middle should keep you in good stead and help you focus on what you want to do.

Teamwork - The Indian schools and Undergraduate Institutions are partly to be blamed for laying no emphasis on teamwork. We need to inculcate the importance of teamwork in children at an impressionable age. In their quest for ‘individual’ marks and
grades, Indian students have forgotten to work for the holistic good. It is amazing what you can achieve if you don’t care who gets the credit. But in the corporate world, your progress depends on your visibility. So how effectively you balance the two contradictions will decide how far you go. We still need to ensure that we communicate to our teams that while claiming credit for something is welcome, plagiarism is not. Soft-skills, ironically, have a very important role to play here.

Presentations – No matter how tempting it is, don’t get into a quid pro quo arrangement with the class to avoid challenging questions post presentations. It is important to learn to answer critical queries without getting defensive. You should be able to achieve this easily if your focus shifts away from marks.

Zero in - Zero in on what you want to do post MBA. Every subject being taught here is a potential career for you. Find out which subject appeals to you most, irrespective of your specialization. Don’t worry if you don’t know what role to get into post mba. Most people don’t and you’ve a huge company here. But look at every subject with an eye for picking your career out of it. You may choose to focus more on the subject of your interest and delve deeper into it.

Competitions - Without fail, take part in the B-school competitions. They’re not just important for you as a person, student, businessman or a manager but also for your college. These competitions will improve the scope of your thought process if not anything else.

Hope all the future MBAs can learn from my experiences and mistakes. I note this down on this blog so the future batches of MBAs have a different set of mistakes to commit and learn from them rather than reinvent the wheel themselves.

With this article, I hand over the baton to my junior Chandrika Kanwar.

Either You Sell or you Don't !! There are no two ways about it !

Ah... Another refreshing Marketing experience! Kind of brought back memories from the World MBA tour held last december

The occasion was the Career 2007 expo held annually by the Education Devp Board, Govt of Singapore. Growing rapidly in size and strength every year, the CAREER Expo Series has become the Largest and Longest career and educational event in Singapore and the region. It has maintained an impressive track record over the years with increasing number of quality exhibitors and visitors at each year’s exhibition and as a full time student; yours truly got the opportunity to represent S P Jain at the exhibition.

This year there were 3 different pavilions in the education sector:
Renowned Local & Foreign Institutions and Universities (S P Jain, NUS, NTU, UNSW etc.)
The European Pavilion (Les Roches, IMI, Switzerland etc.) and
Special Interest Pavilion (the most popular being the Casino Training Institute!!:-)

It was a kind of a totally different experience for a variety of reasons.

Firstly, we had never met so many people (more than a thousand) belonging to different races, ethnicity, occupations, countries and backgrounds; all in a span of just 3 days

Second, the event gave us a wonderful opportunity to model and develop our own elevator pitch for S P Jain and I can safely assume that by Day 3 we were able to optimise the pitch to 100% effectiveness.

Third, it taught us how to focus and market to the target audience.

Forth, it taught us much needed endurance in a typical sales role. It was very tiring to stand and interact with the seemingly never ending queue of visitors... (I almost crashed out after Day 3!! :) )

Some funny incidents...

It happened a couple of times that when we tried pitching the S P Jain, 1-year Dual City MBA model to a parent, he heard me out patiently and then said... "Dude, you know what? You have just sold my own MBA degree back to me!" I was flabbergasted! "How on earth can that be!!" I wondered...
“Yeah! I am an MBA from SP Jain, Mumbai - Batch 4, 1985, now working as a MD with a leading financial institution!", came the quick, assertive reply followed by a appreciative grin. :-)

And then there was this cute Chinese girl on day 1 who came to our stall and uttered "Easpee P ee Jaineee?" I took off with my elevator pitch for the next one minute or so, she listened intently and then after I had finished my pitch, she innocently said "no Englisaa... only Chineseee.... la"
"Uh Oh!!" How I wished I vanished somewhere that very moment! "Puff...!!"

And then there were many interesting people I got a chance to work with... Nirmala Ma'm, who has got a helluva lots of enthusiasm that is utterly contagious (wow! she sold helicopters at one point in her career! How cool!!), Neethu, with whom I worked with for the World MBA tour as well, and many other including a 20-strong team of budding MBAs who just joined the S P Jain GMBA program.

I met some very famous people too... the Education Minister of Singapore, head of the EDB, an industrialist from Pune (India), a journalist from India and representatives and academics from leading universities.

We had a really good time I must say! And although our batch of 2007 is at the fag end of our mba life, I'd like to have the opportunity of an encore.

The Spirituality of Business

“Never talk to me about profit, Jeh, it is a dirty word,” snapped Jawaharlal Nehru, India’s first Prime Minister, at JRD Tata, India’s premier business Tycoon of the yesteryears, when the latter tried to explain that Indian public sector needed to make profits.

Business and ‘profit-making’ ideology have been the favourite ‘whipping boys’ of our society since time immemorial. While philanthropy was always admired as an epitome of altruistic virtues, business was relegated as a nadir of selfish vices.

In ‘The Wealth of Nations,’ Adam Smith, regarded as the father of Economics, says something to indirectly corroborate this thought of the society: “It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.”

A deeper dissection of any person’s actions would reveal that the final purpose of every human action or inaction is to find happiness for himself or herself. Why does a kind hearted person help others? Why does a selfish man help himself? Why does a crook cheat? Why does a lazy person believe in inaction? Why do people fall in love? Why do people run after money? Why do businessmen hanker for profits? Whatever be the intermediate motive in the above actions or inactions, their final aim is happiness. It is in this final purpose of any action that the difference between philanthropy and business starts to dissolve.

The glaring and obvious difference between business and charity is that the overt beneficiaries of business are the owners while the same for charity is the society at large. But what misses our eyes is that for business the covert beneficiary is our society. Since happiness is the common denominator and the final aim of every action of every human being, a philanthropist becomes as much a covert beneficiary of his own act of charity as community becomes for business. And so - when both are working for their own happiness - why should a businessman be denounced and a philanthropist be eulogized? What society as a whole has failed to realize is that business and charity are not antagonistic but complementary to each other. Whether explicit or implicit, both cater to the betterment of our society in totally ‘antagonistic’ ways. Businesses directly impact the “employable” workforce through which the benefits trickle down to their families. But businesses don’t bother about the downtrodden. Charity and non-profit organizations pick them up and make them employable, from where some businesses absorb them. Consequently, both business and charity are the obverse side of the same coin. They’re like two brothers where one is ruthless in execution while the other is mild hearted and caring. But the contribution of one over the other towards the betterment of society cannot and should not be underplayed. Interesting it is to note that ‘Corporate Social Responsibility’ (CSR) is gradually blurring this difference between business and charity at the intermediate level as well.

Thomas Edison invented the electric bulb. However, had it not been for the business interest of someone, the society would not have found an efficient way of distributing it to the larger mass. History is abound with scientific inventions that changed the face of mankind. But without the able support of businessmen, inventions would never have become commodities we have so gotten used to. Ironic as it may sound, the beauty of business is its ruthlessness. If markets are left by themselves, only the most efficient and the most effective businesses – barring a few exceptions like monopoly or unscrupulous practices where government regulations become antidotes - would survive; and efficiency introduced in business processes leads to a betterment of human society in the longer run. This is where businesses start touching the spiritual chord of philanthropy: “Service to mankind is service to God.”

Philanthropy and spirituality believe in serving people irrespective of their caste, religion, race or any other form of discrimination. Business precept also commands serving the customer by turning a blind eye to any of these discriminatory factors. The essential idea behind Globalization is that businesses don’t recognize the political boundaries and divisions that countries form. A business will go and spread its roots to countries where it sees an opportunity - political rivalries notwithstanding. For example, when Nato was bombing Serbia in 1999 both sides could eat at McDonald’s during the breaks. A business knows no divides.

McKinsey’s Eric Beinhocker in a brilliant, thought-provoking book, ‘The Origin of Wealth: Evolution, Complexity and the Radical Remaking of Economics,’ states that “The economy is a marvel of complexity, yet no one designed it and no one runs it.” ‘For any living creature,’ he adds ‘the evolutional game involves obtaining resources to live long enough to procreate and rear its young. Business is humanity’s successful effort at obtaining those resources.’


Abraham Maslow’s hierarchy of Needs proposed in his 1943 paper ‘A Theory of Human Motivation’ contends that as humans satisfy basic needs, they seek to satisfy successively higher needs that occupy a set hierarchy depicted here as a pyramid consisting of five levels.
The basic concept is that the higher needs in this hierarchy come into focus once all or most of the lower level needs are satisfied. As mankind satisfies higher needs, it’ll find a need for self-actualization which is the essence of spirituality.

So successful have businesses been that much of humanity no longer has to focus on staying alive. Thanks to business, our basic existential needs are satisfied and we’re moving towards higher needs leading up to self-realization. Business is hence an indispensable cog in the wheel of human ascension up the spiritual journey.

Marketing Gap

This article lists my learning from Prof. Ram Kumar’s Marketing sessions and my thought extrapolations on the same. The professor left us with a few ideas and hints to provoke our thinking. This article is an attempt to finish the thought that he kindled.

Scenario 1:
How much does an average middle class person spend for the trousers and jeans he wears? Say Rs. 800 to 1000

How much does the same person spend for a shirt, T-shirt or a top? Say Rs. 500 to 700.

And how much does he/she spend on the undergarments? Hardly Rs 30.

The discrepancy is for all to see. People spend 70% of their life in their undergarments. Some people spend even more time in them; they take them off only during ablution and defecation. The undergarments are essential for our comfort and hence make the foremost contribution towards making us confident. If you doubt the confidence part then try wearing a misfit. Also, wearing a good quality undergarment prevents you from so many disorders. And yet we spend so less on them than the outer clothing we wear.

My take:
Isn’t this ‘individuality’ and ‘healthful living’ a marketing gap that undergarments companies should try to tap? Shouldn’t these companies appeal to every individual’s ‘dormant’ desire of living the life for himself or herself for a change?

Scenario 2:
On a normal day, how much time do we spend in the
washroom? 15-30 mins.
drawing room? Max 1.5 to 2 hours
Kitchen? Gender specific but say max 3-4 hours
Bedroom? Assuming a normal person sleeps for 8 hours, we spend atleast 9 hours there.

Now the critical question: which part of our house do we spend maximum on?

Undoubtedly it is the drawing room, right? We spend the most on that part of the house where we don't even spend our maximum time. Compare the money we spend on the drawing room sofa sets and their smooth velvet cushions with the amount you spend on the bedroom mattresses and pillows. Guests come and sit in the drawing room. That is the place that needs to be at its best then. Why should we spend on our bedroom where we go only to sleep? Isn’t it a stark contrast that speaks volumes of the neglect we subject ourselves to? Don’t we pay the price of this through stiff neck at best and spondylosis at worst? Isn’t this the kind of gap that furniture and mattress companies like Ikea need to tap?

My take:
As a society, we’ve evolved giving too much importance to others. We grew up getting conditioned to doing what our parents recommended and not doing what they forbid us from doing. Parents learnt those lessons from their parents and so on. But the essential basis of all those dos and don’ts has been the perspective of others towards our actions. People in our society have evolved wondering what other person in the society would think if they do this and not that. This overbearing importance given to others has forced us to undermine the importance we ideally should’ve given to ourselves. Somewhere, the huge disparity in our spending on our personal comfort through undergarments vis-à-vis the outer clothing or on our personal feel-good factor through bedroom spendings vis-à-vis those on drawing rooms is a fallout of this societal psychosis.

Scenario 3:
How much would the following people cost per month?

A good cook: Rs. 1000
A washerman: Rs. 800
A 24*7 house cleaner: Rs. 2000
A sex worker: Rs 10000
A Personal Relation manager: Rs 10,000
A 24*7 nanny: Rs 7000
A secretary to remind you of your important appointments and deadlines: Rs 6000

Now compare and contrast all these against the cost of a housewife.

My take:
Ergo, can the contribution of a housewife be considered as the sum total of all the above costs that you save? What about the intangible gain of peace of mind that comes from not having to worry about these scores of daily chores which helps you focus better on your core competence which is to become an efficient bread-winner for the family. Pardon me for the crudity of the comparison. While comparing the monetary value of house-wife is the last thing one should do, this comparison nevertheless brings out the stark contrast like none other. If only we could realize the qualitative value that a house-wife brings to our life, we would start looking up to her and give her her due rather than relegating her to a position of nonentity. The housewives themselves need to realize what they’re to the family. That would help them value their self-worth and respect what they do.

Marketing helps change people’s outlook. Certain things were never meant to be a certain way. But societal dynamics force people to make rules out of exceptions and vice-versa. There are always some innate human desires curbed under societal forces. Companies that identify such rules that conflict with the innate human spirit need to bring out and emancipate those souls hankering to break the shackle by attacking that dormant, implicit need. Companies need not go too far to innovate in terms of new products that generate newer needs. There are enough dormant needs that are curbed under the societal forces. The sooner the companies target them, the happier the society at large would be.

Welcome To Singapore !!

Well, we are in Singapore now. Here are the latest updates in a nutshell. Both the Dubai and Singapore Cohorts have now swapped campuses smoothly as per plans and are all set to begin our 2nd term in their respective 'classy' cities.

The Dubai batch landed in Singapore first on 19th November, both the batches spent time together for about 2 weeks. This was the time when we interacted personally for the 1st time and got to know the diversity in the entire Batch (we’ve a lawyer, a doctor and one from the Merchant Navy too). And then it was time for the original SPJCM Singapore batch to bid Goodbye to Singapore and fly off to Dubai for the next six months... Sounds interesting, doesn't it? Probably, no other college in the world follows this model of exchanging its own mba students across the two most vibrant economies of the world.

Before coming to Singapore, we flew back home from Dubai for a very short 14 Day break, completed our SGP formalities, met up with some friends, did some pre-departure shopping etc... and finally landed in Singapore on 19th Nov.

But hey! What else did we do after coming to S'pore? Hmm... Well just one thing that comes to our mind. Explored... explored... and just explored this tiny little but extremely well planned City State. And let us tell you; it was FUN!! The Beautiful College campus (featured above is the library building snap taken from a 6th floor Hostel apartment), VIVO city Mall, Harbor Front et all... Singapore is very much like India and its so much 'Unlike' Dubai. Even the names of some places are like India... Crawford Market, Little India, Dhobey Ghaut, Hyderabad Road and Mustafa Market to name a few.

Singapore is such a happening place. It rains a lot and yet there is always something happening all the time. We also got a chance to have very informative interactions with a lot of Students from various nationalities studying at leading Universities like NUS, NTU and they have helped us in understanding the local culture better and very quickly. Singapore feels like a home away from home. It definitely has something that makes you feel at home... that welcome feeling which you will only get in some serene Indian cities like Pune, Bangalore etc.

That's it for now... We will keep you updated.

Catchya soon!!

P.S.: Here's the link to some snaps I uploaded on Yahoo! Photos... Check 'em out.
Click here for Hemant's snaps
and here for Easwar's snaps!

Cheers!

The irony of Soft-Skills

Our 2006-07 batch of SP Jain is halfway through the designated one year Global MBA program. We’re done with our stint in Dubai and are taking a much needed break in India before we move on to Singapore for the second and last part of the program. Our last term was grueling to say the least and going by what our Dean Dr. Vijay Sethi says, our stay at Singapore is to beat Dubai stint by miles, for now we’ll be robbed of even the weekends that gave us a little bit of a breather in Dubai.

And what a learning it has been! Just yesterday, I was discussing with my brother, a commerce graduate, the Macroeconomic nuances of pegged and floating currency. While that might just be a fraction of the ocean that Macroeconomics is, the discussion was something I couldn’t have done without undergoing the Dubai SPJCM experience. It has been a whirlpool worth being sucked into.

However, was there anything we could’ve done differently? Was there anything that we students as a batch could’ve handled better? The answer is an unequivocal ‘yes.’ We need to change our smug ‘know-all’ attitude towards soft-skills courses and those that deal with Human Relations. The problem, according to me, is that we perceive them to be synonymous to Communication Skills. And isn’t our selection into one of the premiere B-Schools of India proof enough of our good communication skills? After-all, didn't we all take exams like CAT, GMAT, wrote case-studies and essays, underwent Group Discussions and Personal Interviews to get selected for this program? A pretty comprehensive selection procedure I’m sure all would agree. May Hell unleash its fury now on the imprudent soul that still doubts our communication skill. But it is this very haughty attitude which is our undoing, especially because communication skill is just a part of the whole and not the be-all and end-all of it.

Our program at SPJCM entails us to work in three different groups for different purposes. The first one is a special project group for which we have the liberty to choose our team within the first couple of weeks of the commencement of the program while the other two groups are preselected for us. This group is more coherent since people generally handpick the ‘apparently’ better students of the lot. But such a selection has two problems the first of which is a proverbial aphorism – “Don’t judge a book by its cover.” The second problem is that people tend to choose only those they are comfortable and friendly with. So, the friendly, humourous and fun-to-be-with people get picked up faster while those perceived to be nagging, inquisitive or overly-studious are left out. This precept sometimes falls flat on its face because of the second rule, “The most sincere and knowledgeable people are not often the best people to hangout with.” Students realize their fallacy when they find that people who are pompously fun-to-be-with are not the best assets in a team. Flamboyance, in most cases, ends up being antagonistic to sincerity since the people who actually work in a group are rarely high profile. It is here that the group formed from the “left-overs” who were partners more out of compulsion than choice do a better job by working silently and sincerely, as is their wont. The other two groups are pre-selected and hence more heterogeneous, both in terms of experience and attitude. You need truckloads of serendipity to end up with a good group where almost everyone contributes. However, it’s only human to have a black-sheep in a group of six.

All these above groups work on various assignments that have atleast one deadline per day. Every choice is a trade-off here. You can’t choose to work with one group without antagonizing another. You can’t please one without relegating the other. You can’t continue neglecting one for long lest you be seen as a worthless moron. Life, in the middle of all this, is a huge management game in itself. It is here that the Soft-Skill and Organization Behaviour courses pitch in. Every time a team member chooses to work for a different group, there is a conflict. Motivating them to work for you is no mean task. God save the groups whose members fall in love with one of the batch-mates. No amount of coaxing, rebuking or imploring can get them out of their self-imposed honeymoon for they prefer to stay in that self-denial state of romantic hangover. Then there are some who just don’t want to work. Then there are some credit-mongers who join the group when it’s time to stand on the podium. So, what do you do for them? How do you get them to work for you especially when you’re only his peer and not his boss?

These are the very issues of conflict and motivation that you face in corporate life. The B-school environment is a fantastic learning ground for such things. But in our self-righteous myth of omniscience for soft-skills, we fail to gauge its importance. Consequently, not a single group succeeded in motivating the Non-Performing Assets (famously called NPAs) of the teams. There, according to me, lies the single biggest scope of improvement for the batch.

The Indian schools and Undergraduate Institutions are partly to be blamed for laying no emphasis on teamwork. We need to inculcate the importance of teamwork in children at an impressionable age. In their quest for ‘individual’ marks and grades, Indian students have forgotten to work for the holistic good. It is amazing what you can achieve if you don’t care who gets the credit. But in the corporate world, your progress depends on your visibility. So how effectively you balance the two contradictions will decide how far you go. We still need to ensure that we communicate to our teams that while claiming credit for something is welcome, plagiarism is not. Soft-skills, ironically, have a very important role to play here.

Thinking like a Manager

The Indian IT companies may have made the world wake up and notice India but within the company circles there is mass sarcasm that does the rounds. The IT firms have made the word ‘bench’ a byword for ridicule and frustration among the employees. To a victim, it might cast his employer in bad light for lack of projects and demoralize him, making him doubt his own abilities and credentials. Is there a better way of tackling this problem? Is it possible to ameliorate the way a ‘benched’ employee might look at himself and the company? My attempt through this article is to answer this question in the affirmative.

Mr. M Hariharan, our brilliant Cost Accounting professor, discussed a consulting assignment he once worked on. The company in question was a paint manufacturing company. The business model of the company was to produce paints of different colours in bulk and then sell it to wholesalers. The manufacturer wouldn’t sell the paint to anyone needing anything less than 250 kgs of any colour. Shifting production from one colour to another needed a large setup time for cleaning the vessels, removing stains, drying them etc. So he would actually incur some cost in shifting production from one colour to another. So he chose to produce large quantities of a colour in one go rather than shift frequently from one to another.

Think of the problems with this strategy.
• It was cost centric and not customer centric
• Except for wholesalers, not many needed that huge quantity of any single colour
• This stretched inventory turnover as the stocks piled up waiting for a big order
• He lost out on a large number of smaller orders
• Piled up inventory would slowly entail reduced production
• Inflexibility delayed delivery to customer if the colour was not already available

All his problems were solved when he - following our professor’s advice – became more customer centric. He now produced lesser quantities of paints in one go, regularly shifted to different colours and bore the setup cost.

Think of the advantages of this model.
• There was always some amount of any given colour available for sale
• Even if it wasn’t, flexibility ensured that customers’ requirements were met
• Customer was now charged a premium for faster delivery which helped cover setup cost
• The size of the order didn’t matter so he could address all customers’ needs thus increasing his market size
• Inventory turnover was reduced as he was ready to take even the smaller orders

Inventory, as we just saw, is a necessary evil. It gives a cushion of serving an unexpected customer readily and yet becomes a liability once it exceeds a threshold. Crudely put, inventory is to manufacturing what human capital is to IT. The Indian IT companies have always been following a costing model of keeping a safety stock on ‘bench’ and charging the customers for this through overhead costs. Just like the safety stock, the employees on ‘bench’ are very critical to any IT company to overcome any unforeseen exigency. Consider the attrition in the Indian IT companies and this problem would appear even more bothersome. The shadow resource or ‘benched’ employee is thus a conscious choice not only of the vendor but also of the client.

Not many people could’ve taught us Marketing better than Professor Ram kumar did. An IIM Ahmedabad alumnus, he stretched the limit of our thought processes. He made us play a short game while explaining a principle in marketing. He asked us (about 65 of us) to close our eyes and then count from one to twenty individually with only one person speaking at a time. No one was allowed to speak two consecutive numbers. We’d restart if any two students spoke at the same time. With everyone’s eyes closed, no one knew who would speak next; you always felt like speaking next but something would hold you and you would keep quiet and then somebody would speak out the next number after some time. The game was very interesting and after a few days practice we could reach a score of twenty, to our own surprise, amidst cheers of disbelief. So what was the takeaway from this game? Two. First learning has nothing to do with this article and yet is a valuable learning - human beings communicate at the subconscious level. When our goal became the same and grew stronger with every failure, our collective subconsciousness inhibited all but any one person from speaking until we reached our goal. Second learning was a statement that the professor repeated every time we bungled and had to restart the counting. He used to say, “Let us start again. Be patient. Remember that those who are not speaking are contributing equally to our cause.” This was the statement that hit me hard and gave me goose bumps all through this game. I never spoke for the entire game just to experience the thrill of contributing through silence.

So what has that got to do with employees on bench? This game conveys the idea that even without a tangible contribution to the company’s cause, such employees’ contribution is no less than those making a tangible contribution.

Dr. Viktor Frankl, a psychiatrist and founder of Logotherapy and Existential Analysis, in his book “Man’s Search for Meaning,” talks of finding a meaning in any state of life, even in the most sordid ones, to help one live a better life. In the book, he cites an incident where unemployed youth who feel dejected, demoralized and worthless due to their inability to land a job are asked to volunteer for social service until they get a job. After realizing the worth of their voluntary work, these youth realize the meaning of their existence and feel a growing sense of self-worthiness which leads to happiness at best and reduction of inferiority complex at worst.

This is precisely where IT companies have failed. They’ve have failed, not because they keep employees on bench, but because they’ve not effectively communicated the ‘benched’ employee’s worth to the victim himself. This becomes all the more important when, as shown by above examples, an employee’s output is directly related to his sense of self-worthiness, which in turn is associated to the meaning he associates to any state he is in, be it productive or buffer. Keeping the employees motivated is a titanic task for Human Resource Department of any company. They can ill-afford to ignore a threat to motivation which is as glaring as keeping them on 'bench'. This idea should hence be drilled in their minds during the new joinee's orientation to make their state of mind and self-esteem impervious to 'bench.'

Who am I? - SP's SQ Initiative

I am Kamlesh Acharya. Simple, isn’t it? But am I really the name the world knows me with? I guess not. So? Am I the physical body that moves around various places on earth? Not quite. I think I’m something deeper than the body. Am I the mind? Well, may be. But at times my mind works even when I sleep; do I then say that I’m working? I guess I’m not the mind then. So am I the soul? Well, may be; may be not. While these questions always rustle in my monologues, I don’t quite know how to answer them.

On 4th Aug 2006, Prof Debasis Chatterjee from IIM Lucknow visited SP Jain and took a guest lecture on leadership. While his leadership talk was inspiring, what grabbed the students’ attention most was the high Spiritual Quotient of his speech. He spoke fluently as if reading from a book; being an author of a few books would’ve definitely helped clarify his thought process. He delivered the lecture from his heart and brought the crowd to a mesmerizing introspection through his true words, insightful speech and a high SQ’ed visage to corroborate. Throngs of students just swarmed him after the lecture got over - something I had never seen in any of the previous lectures even when the guests were equally impressive and scholarly in their domain. I believe the difference here was that Prof. Chatterjee managed to touch a chord of our dormant self somewhere and the swarm supported this thought of mine. I was a part of that crowd and a mute spectator. I saw fellow students talking to him, barely able to control tears of joy in their eyes as others simply observed him and gathered the pearls of wisdom that fell from his mouth. I was pleasantly surprised to see so many people impressed with him. Like an avid businessman looking for an opportunity, I realized that the iron is hot and waiting to be struck. So, Dhruv Patel, Kush Bohra and I invited our batch-mates to form an esoteric group of people ready to introspect and look within for answers.

A digression of thought is warranted here. Be it in business or otherwise, isn’t MBA all about finding opportunities for what you want to do and executing your plan when it can yield the most?

We roped in Prof. Mala Kapadia - our Human Resource Management professor – to lend authenticity and discipline to the group by forming some ground rules. She was more than happy to oblige. She took our first session and forced us to think deeper and introspect harder. She left us wonderstruck with her simple logical flow of thoughts.

After that session, we’ve had three session conducted by us – the students. We’ve discussed topics like ‘Demystifying God’, ‘True Knowledge’ and ‘Learnings from the Bhagwad Gita on Work.’

Through this group and our meetings, we might not know ‘who we are.’ But by sharing the knowledge with each other, we end up learning a lot from others’ thoughts. Through these sessions, we might not reach the core of true knowledge but we’ve started gnawing at its peripheries for sure.

An interesting incident to end with.

I offered to take the first session of “Who am I?” after Prof. Mala. I called my session “Demystifying God” and sent a mail across to the group. An eager beaver I met thereafter told me that he found the topic really interesting and wondered what I’m going to talk about. I told him to wait and watch. The impatient guy that he was, he told he would search for it. Before I reveal my reply, a small digression to surprise you is not uncalled for.

Our Marketing Management professor Mr. Ramkumar told us some statistical facts released by Google.

From within India, the most searched word on Google last year was ‘S**.’

From within the US, the most searched word on Google last year was ‘God.’

I told the edgy friend, ‘You can’t search God on Google.’
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P.S. One of the subjects that is setting tongues wagging at Harvard Business School is also on the same lines. Isn't it wonderful that what is taught by professors there at Harvard is a student initiative here at SP Jain? Check out.

Dubai Diaries

A sneak peek for the world outside into the ways of life at S P Jain Centre of Management at Dubai and Singapore and what goes behind the scenes to make it happen!!

It is now a little more than two months since we landed in Dubai (8 June 2006 to be precise). On one hand, it feels like ages for we’re going through one of the busiest phases of our lives and on the other hand it doesn’t seem to be anywhere even close to two months at all, thanks again to the rigors that ensure a steep learning curve. Time just seems to fly by at SPJCM… We’re already on our way to becoming lifetime friends, not to mention building networks. In this latest update we try to describe how a typical day is spent at the Dubai campus (the update from Singapore will follow soon).

A typical day begins at 7 AM, with classes starting as early as 8 AM. The early morning rush to get ready for college is something that deserves mention over here. Mathematically speaking, the speed of getting ready is inversely proportional to the time left for boarding the college bus. :-) The necessity of boarding the bus becomes the mother that helps us discover our hidden potential. In fact, some amongst us have become experts in the art of getting from bed to bus in five minutes flat. God bless the inventor of Deodorants! And then there are some more running to board the bus, with laptop in one hand, belt in mouth and tucking the shirt in with the other hand giving us a live lesson in multitasking that we learn outside our classes.

Classes are a completely different story though. The exhaustion and rustiness suddenly vanish into thin air as we hear of ‘surprise Pre-class Quiz.’ Post Quiz, we get to see some ‘excellent Class Participation (CP)’ which in some cases borders on Desperate CP to earn some brownie points. At this point, we must add that the faculty flown in from SP Jain Mumbai does a commendable job of teaching us and more importantly keeping us awake through their interactive sessions.

Typically classes end by 5 PM. Occasionally; however, we’ve guest lectures by industry stalwarts after the classes as a part of Visiting Wisdom Sessions. Whether external wisdom visits us or not, the professors ensure that we get wiser every single day.

Hey Wait! You thought this is it? Boy! This is just the beginning. In fact, the real fun starts now! For now comes the Herculean task of completing the pending assignments, presentations and reports due for the next day… And by the time you leave the institute to head back home (the villas), it’s already 11:30 PM. You can’t leave any later for that is the last bus. But that is just an interval in the long movie on our typical day. In the villas too, it is not abnormal to see people discussing and studying until 1.30 or later. Thereafter you crash into the bed and flake out into oblivion…

A few more such days and we hit a weekend, full of hope for recharging our batteries. Our weekend is Sunday & Monday, the two days dedicated for the Special Group Project (SGP) with companies like Microsoft, TCS, Infosys, Emirates Bank and many others.

Truly, time just seems to fly by. We’re two months old cohort and we’ve just three more months left before we end our tryst with Dubai and move on to Singapore. There is, however, much more midnight oil to be burnt before we take the break and many dunes of wakefulness to cross before we reach the oasis of sleep.