Azim Premji on The Changing World

This is very interesting and inspiring speech by Azim Premji At the 37th Annual Convocation 2002, IIM, Ahmedabad 37th Annual Convocation 2002, IIM, Ahmedabad.

In this speech he share guiding principles of staying afloat in a changing world based on his experience in Wipro. In this speech he speak about 11 different lesson to learn  to adapt  change in our life.

(1) Be alert for the first signs of change.
(2) Anticipate change even when things are “Anticipate change even when things
     are going right.
(3) Always look at the opportunities that change represents.
(4) Do not allow routines to become chains.
(5) Realize that fear of the unknown is natural.
(6) Keep renewing yourself.
(7) Surround yourself with people who are open to change.
(8) Play to win..!!
(9) Respect yourself. The world will reward you on your successes.
(10) Never change: your core values.
(11) We must remember that succeeding in a changing world is beyond just
      surviving.

at last, beautiful quote from Azim Premji’s speech @ IIM-A convocation.

Change is the Only thing that will Never change. So better adapt to it.

If one desires a change, one must be that change before that must be that change before that change can take place

Check out PPT for complete speech.

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Corporate Lesson

chk out this PPT. It is really good, explain about 3 important lesson to learn in corporate life. This PPT is created by IIM-Kolkata

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Steve Jobs – An innovator and A Dreamer

        Steve Jobs – I would say an Innovator and A                Dreamer. A man who saved Apple from going bankrupt.     He is one of the best CEO in Fortune 500 company who     is a very good speaker also. His simplicity (yeah..             watch any his of keynote address.. no showoff like             any other businessman..no suit, no tie.. jst a simple         blue jeans and T-shirt) and art of working that appeal     me most.


        recently I watch “Pirates of Silicon Velly” movie, it’s     about Apple and Miscrosoft… Steve Jobs V/s Bill             Gates.. after watching this movie I came to know             many thing about Steve Jobs, and as he is one of my role model.. writing this entire post to Steve Jobs only.

Steve jobs born in San Francisco on 24th Feb, 1995. He was put up for adoption by his unmarried mother. Jobs did his schooling in California after that he joined HP, where he met Steve Wozniak (with whom he later founded Apple). After school he joined Reed College (at that time Reed College was almost as expensive as Stanford). After 6mth he couldn’t see any value in it so he dropped out and started leaning calligraphy.(thats the main reason why Mac have wonderful fonts like serif ans san sarif)

in 1974, he joined Atari, after bad experience with Atari along with Steve Wozniak, he decided to start his own company, thats how Apple started on 1st April, 1976 (It’s not a April fool 🙂 ) they designed Apple I and Apple II and later on introduce The Macintosh.

At Apple Steve was very charismatic leader but because of internal politics he got fired from Apple in 1985.

We had just released our finest creation — the Macintosh — a year earlier, and I had just turned 30. And then I got fired. How can you get fired from a company you started? Well, as Apple grew we hired someone who I thought was very talented to run the company with me, and for the first year or so things went well. But then our visions of the future began to diverge and eventually we had a falling out. When we did, our Board of Directors sided with him. So at 30 I was out. And very publicly out. What had been the focus of my entire adult life was gone, and it was devastating.


                       — Steve jobs @ Stanford Commencement speech

After get fired from Apple, He started NeXT Computer and later on Pixar ( Pixar created worlds 1st animated film, The Toy Story). In 1996, Apple bought NeXT comuputer.. so Steve Jobs back to the company he founded :). and after in his keynote address in 1997 @ Bostan, he announce partnership with Microsoft..the moment that no one expected. In this keynote address Jobs delivered a speech which later on became Apple’s one of the best Ads.. Think Different campaign.

…You still have to think differently to buy an Apple computer. The people who do buy them do think differently…they are the creative spirits of this world. They’re the people who are not just out to get a job done, they are out to change the world…A lot of times people think they’re crazy. But in that craziness, we see genius. And those are the people we’re making tools for.


                                              — Steve Jobs, Macworld 1997 @ Boston

than onwards both Apple and Steve Jobs never looked back, Apple introduce product after every successful product. Its all started with launching of Mac OS X then iMac, ibook, iTunes, iPod and now latest one iphone. he became iCEO of
Apple.

Steve Jobs has very charismatic and aggressive personality, he is wellknown for hos electrifying presentation.. anyone who watch his keynote address can tell he is one of the extraordinary speaker. He is magnificent. whatever other people talk about this managerial style, but he is very dedicated to his company, Steve Jobs works for an annual salary of Us $1, and so he hold a world record as the “Lowest paid CEO” in Guinness World Records.

apart from his business career, in his personal life Steve jobs is very philosophical man himself. after drop out from Reed College he came to visit India in search of philosophical enlightenment. You can not down about his philosophy better from his speech at Stanford University.

“If you live each day as if it was your last, someday you’ll most certainly be right.”


“No one wants to die. Even people who want to go to heaven don’t want to die to get there. And yet death is the destination we all share. No one has ever escaped it. And that is as it should be, because Death is very likely the single best invention of Life. It is Life’s change agent. It clears out the old to make way for the new. Right now the new is you, but someday not too long from now, you will gradually become the old and be cleared away. Sorry to be so dramatic, but it is quite true.”


                       
— Steve jobs @ Stanford Commencement speech

I think I have taken enough of your time reading this post and written much about Steve jobs, so now in the end just putting one of the best part I like from his speech @ Stanford Uni.

“Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma — which is living with the results of other people’s thinking. Don’t let the noise of others’ opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.”


“You’ve got to find what you love”‘ thats what Steve jobs says 🙂

Related Link : Steve Job’s speech at Stanford University
                    Steve Job’s Macworld Boston 1997 keynote address

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The story about how Stanford University began

A lady in faded dress and her husband, dressed in a threadbare suit, walked in without an appointment into the office of the president of the most prestigious educational institution in America.

The secretary frowned at them and said, “He will be busy all day.”

“We will wait,” said the couple quietly.

The secretary ignored them for hours hoping they will go away. But they did not. Finally, the secretary decided to disturb the president, hoping they will go way quickly once they meet him.

The president took one look at the faded dresses and glared sternly at them. The lady said, “Our son studied here and he was very happy. A year ago, he was killed in an accident. My husband and I would like to erect a memorial for him on the campus.”

The president was not touched. He was shocked. “Madam, we cannot put up a statue for every student of ours who died. This place would look like a cemetery.”

“Oh, no,” the lady explained quickly, “we don’t want to erect a statue. We thought we would give a building to you.”

“A building?” exclaimed the president, looking at their worn out clothes. “Do you have any idea how much a building costs? Our buildings cost close to ten million dollars!”

The lady was silent. The president was pleased and thought this would get rid of them.

The lady looked at her husband. “If that is what it costs to start a university, why don’t we start our own?” Her husband nodded.

Mr. and Mrs. Leland Stanford walked away, traveling to Palo Alto, California, where they established the university as a memorial to their son, bearing their name—the Stanford University.

The story goes that this is how Stanford University began.

Source : An excerpt from IIT Convocation Address by Azim Premji

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When you can’t earn an MBA

Recently I read book “When you can’t earn an MBA” by Rajesh Setty. as per
this book he inspired by one of Seth Godin article in which he suggested
that “actual experience combined wit a dedicated reading of 30 or 40
books” might be a better use of time and money than an MBA degree.

It’s a good book to read, describing abt what you can do when you can’t
earn MBA degree… he give 10 step alternate approach to MBA.

    at last, he write about 10 Things that one
    have that the people who are  pursuing MBA
    won’t have !!!
   I really like it and after reading it..
    I just tried to give a second thought to it..that to
    invest in an MBA or not to invest in an MBA?

     I posted 10 things that author talk about in book…
     read it and just give a thought….


1 More Time

you have two more years of time on your side. Now, if you just spend
those two year with “zero” investment in yourself, you can be guaranteed
that the MBA route is far better. However, if you design your life to
take advantage of those two years, then the game is different!

2 More Money
You save $100K in fees and earned two more year of income – may be
another $200K. So you literally save $300K

3 Short-Term career advantage

unless someone is doing an executive MBA program, they lose two years of
their career. You don’t !! Again, how your career grows during two years
is entirely up to you. In two years, you should be able to add value to
your organization and grow as a person. If not, you may want to check
your attitude and behavior. There may be problem that even an MBA degree
couldn’t fix.


4. More varied networking opportunities

While you miss opportunities to network inside the MBA program, you get
to network in your workplace, your profession, and your community. The
MBA folks are often so busy that they won’t have any time to network
outside their school.


5 Fewer debts to repay

since you don’t have to borrow money for an MBA program, you don’t have
to worry about those education loan.

6. Opportunity to get more creative
Since you don’t have an MBA and you know that it’s going to be a disadvantage you need to get creative to fill the gap. You will start looking for alternate option. Here’s a quick example. We all know that communication and public speaking are two important skills that you can develop in an MBA program. You could seek out other ways to develop these skills -may be bye joining a group such as Toastmasters Internationals. Instead of spending $100K in tution, you might spend $100 a year in membership dues.

7. More time to develop your strength

In an MBA or any educational program with a set coursework, chances are that you need to study a number of required subjects. This is true even when the subjects are :

         – Not completely relevant in near future
         – Not in your area of strength and/or interests.

Because you aren’t inside formal program, you will have the freedom to focus on the topics that interests you and will move you towards your goal. You can focus on continuing to read and develop your strengths.

8 Time to build your brand

when you are in an MBA program, the course will be so intensive that you
don’t get time to build your brand. Personal Branding is extremely
important in this age of rapid commoditization. You develop a chance to
build a reputation based on real-world action and achievement.
  Two years
of focused investment in building your personal brand may provide you
with a huge competitive advantage over an MBA

9 More Grounded

I have heard time and again that several MBA graduates tend to be “over confident” and assume that they have that extra dash of smartness because
of their MBA degree. You don’t have an MBA so you can’t have that problem. So, in essence you are more grounded on that subject that many MBA graduates.

10 TIME TO RELAX
If you think getting into a good MBA program is hard work, you just have to wait until you get into one.One MBA student remarked to me once that before he joined an MBA program, he had difficulty in grasping the meaning of the term “Time Flies”. He had no problem with that term at the first quarter in his program.

Once you get into an MBA program you really don’t have a choice but to keep running as fast sa you can. You are not alone. Everyone there is running.

If you are not pursuing MBA though, sometimes you can carve out some time to relax 🙂

Confused???? what to do??

well, It all depends on you.. on action you take… If you don’t take any action no knowledge in world can help you… this apply to both the cases here… to do MBA or not to do. If you don’t do MBA and don’t take any action to improve yourself it won’t work and if you do MBA and get the knowledge but still don’t take any action.. it won’t work either

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5 things B-schools don’t teach!

Stepping out of B-school into the real world is like learning golf from manuals, or like teaching yourself cricket online. You have all the required theoretical inputs; a clear understanding of the rule book, the jargon and concepts; a dash of history to boot; and anecdotes and trivia as fillers.As this package comes in contact with reality, it goes through a range of emotions, starting with denial, wrath, angst, confusion, wonder, and finally settles into pragmatism, with bouts of nostalgia and a few clear learnings that are far removed from what the rule books preached.

The moral of the story: the real world teaches you some home truths that academia does not touch upon. In our journey down the road of experience, some of them get etched as gospels. If I were to pick a few of them, and share them here, they would be:

1. Brevity:

All the case studies, presentations, analysis and concept notes do not prepare you for the first reality of life. The world does not give you the opportunity to expound on theories over a 40-page Word document, or a 120-slide PowerPoint presentation.

In most real life situations, you get a tiny window in which you need to make your point, in as impactful a manner as possible. The more august the audience, the shorter the time.

From 10-second one-line summaries, to elevator pitches, to one paragraph e-mail, you need to cultivate the habit of being concise. There are no second opportunities in a real-time scenario.

Keeping that in mind, all your thinking needs to be crystallised and constantly carried around, to capitalise on the opportunity.

The clearer the thinking, the easier it is to say it succinctly. I would like to see the day when we put tight leashes around time, space and resources, and start recognising and appreciating brevity as a virtue in academics, instead of letting duration, length or aesthetics drive judgement.

2. People skills:

Real life is about real people. It involves dealing with diverse personalities, cultural backgrounds and competencies that you do not normally encounter in B-school. The challenge is, thus, compounded and you often see stars of academia unable to deal with this core reality.

Working with, dealing with, and successfully arriving at mutually beneficial and satisfactory decisions on a day-to-day basis is what the real world teaches you — sometimes harshly.

Understanding, communication and appreciating someone else’s point of view is difficult. It is seldom as the books expound, a clear rational process aided by the theories of people management.

3. Execution:

In B-school, all that you learn is from books, periodicals, case studies, which do not prepare you for the biggest differentiator in the real world: the ability to execute.

Perhaps the most understated competency needed, it hits you between the eyes the first time you try to execute a plan, a project or a campaign.

The various parameters you deal with and the fickle nature of the elements are not issues you think about in B-school.

The need to plan with buffers, with alternatives, and the need to keep an eye on the ball at all stages of execution, cannot be overemphasised.

Unfortunately, in our desire to move ourselves up the knowledge curve, there is a propensity to take this skill for granted, and most management programmes don’t expose you to this harsh reality.

4. Dealing with failure:

Learning to live with failure is another of those often not realised truths. In the real world, we are constantly dealing with the fact that not all decisions, activities, interactions, strategies, or communication translate into success.

My favourite saying is that learning comes from experience and good learning from bad experience. But no B-school teaches you to take failure in your stride.

More often than not, there is enough time to mull over a failure or even lick your wounds. Facing it with grace and bracing yourself for the next set of decisions or actions is what the real world is all about.

We will still deal with the same environment where we failed; at times, lead the same team that could not pull it off, have the same limited facts and figures and information; and more importantly, yet have the same objectives to achieve. It can be a humbling experience, which no education with books or classrooms can simulate.

Dealing with failures is paramount. Otherwise, a propensity to shy away from decision and action for fear of failure can easily become a self-fulfilling prophecy.

5. Multi-tasking:

This is probably the most common, yet the most demanding task. Unlike academics, more often than not, executives have to deal with the very real implications of their ability or inability to multi-task.

Financial, organisational and people implications are the riders we contend with. On a day-to-day basis, the ability to multi-task, yet prioritise and drop a few tasks and live with the implications is something no classroom can teach in its entirety.

To quickly estimate the impact, segregate the critical, handle them with speed and calm, constantly scan the environment for changes, and build them into your thoughts and actions as you go through the day, is an experiential learning.

Add to this the fact that often, the information available is scant or incomplete, there are always a few angles no one knew about, the unpredictability of people we are dealing with — and your hands are more than full. In hindsight, vision is often 20-20, but reality is not.

B-schools do give you an understanding of the tools, aids and theories with which you need to arm yourselves, but where they fall short is in correctly teaching the application and the virtues of experiential learning.

Raj Raman (senior vice president, sales and marketing, Prudential ICICI AMC Ltd. He
graduated from the Indian Institute of Management, Bangalore
.
)

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New million-dollar babies – IIT Vs. IIM

Call them the new million-dollar babies. Barely out of their teens and IIT campuses, they’re the new richie rich of India — graduate at 21, millionaire by 22. IITians are giving their IIM brethren a run for their money as global financial majors put an extra trust premium on the quantitative analytical skills of BTechs graduating from India’s premier technological institutes.

Campus placement drives at various IITs have just begun, but already, a US-based specialty fixed income manager Pimco has recruited three IIT Delhi final-year BTech students with a package of $100,000 for positions in California. That’s in the
league of the Ivy League, and the best in IIT easily compares with the best in
IIMs, India’s best and premier B-schools.

At IITs Bombay and Kanpur, the highest offers came for $90,000 per annum, both from Lime Group, a US-based financial and technology conglomerate. Ditto IIT Madras, where New York-based financial services major Bloomberg is at the top of the heap with a $90,000 per annum offer. Says a cocky 22-year-old who has been offered a job with Deutsche Bank, London: “Only second-rate IITians now go to
IIMs.” And you thought these guys were nerds!

For domestic jobs, oil services major Schlumberger emerged the most magnanimous with offers at a Rs 24-40 lakh range made at IIT Bombay. The company recruited 10 students from IIT-D at an annual package of Rs 32 lakh. On an average, the domestic positions come in the Rs 6-8 lakh range, slightly better than the previous year. Top global names at the campuses so far include Deloitte, Credit Suisse,McKinsey, Google, Deutsche Bank, Shell, UBS, Lehman Brothers, Halliburton and Schlumberger.

For overseas positions, mainly in New York, London and Singapore, salaries on offer so far this year are well above the $75,000 mark. And that’s a trend in the making: financial firms and consultancies elbowing out IT majors, the hitherto leaders of recruitment drives at IIT campuses. Many overseas recruiters have also come up with one-time bonus packages as the icing on the cake.

For instance, at IIT Bombay, the US-based Mercer group has offered a salary of $85,000 with a guaranteed bonus of about 20%. “Students are now keen on financial firms and feel that with their quantitative analytical skills, they can easily command a certain edge,” said Chinmaya Agnihotri, student placement coordinator at IIT Kanpur.

Initial trends also indicate that there is a healthy appetite among
students to go in for core engineering companies. At IIT Madras, deputy
registrar Jayakumar offers a different reading of this early trend: “First week,
we had mostly management consultancies and financial institutions, which tend to
pay more than other sectors. In the coming weeks we will see companies from core
engineering, software, manufacturing and research and development.” Two years
back, bulk recruiters, typically software companies such as Infosys, Wipro and
TCS were given the first slots at IIT Madras.

Last year on, the institute included other parameters such as company’s reputation, salary offered and job profile for the first slot. Now the higher a company’s salary, the earlier it gets to choose, said Mr Jayakumar.

According to students and faculty attached with the placement centres at various IITs, the recruitment season is just catching steam with the coming weeks expected to generate more action. In most institutes only a week has passed since the first recruiter walked in and the process could well go on till February end.

For the moment though, the placement season has come to a halt. The reason: the inter-IIT sport meet has begun (yes, these guys do sports as well). With the top students placed, and the highest paymasters having made their pick, the salaries may not reach the stratospheric levels of early December.

Source : Economic Times

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