Nurturing Entrepreneurship Dream

19 November, 2005

Nov 20 is CAT day!

Tommorrow (November 20th) is CAT exam day ( for PGDM in IIM, India). [+] I extend my best wishes and greetings for all those who appearing for CAT this year [+] to look for: CAT always has a element of surprise in pattern of test. It is not a static exam, always evolving YOY. [-] CAT is one which always comes with a debate " Is competition exams are necessary evil"? CAT is one of interesting and tuffest exams in India. [+] I would write tons and tons of article on CAT, as i have read many for past 7 months. I started CAT prep on april 2005. This is my first and hopefully final attempt on CAT. I did full time CAT training in IMS India. The SIMCATs are mock CAT exams conducted by IMS. Refer my previous blog for my performance in those SIMCATs [+] For starters, CAT is an aptitude test evaluates the candiate on Verbal ability, Data Interpretation & Logical Reasoning and Quantitative Ability. CAT is the first phase in MBA admissions in India. IIM, the presitigious managment institutes in India are conducting CAT exam each year. Always scheduled on November 3rd sunday. Its test on time management skills.

Again Best Wishes and Prayers for all those appearing for CAT this year! Lets bell the CAT!

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17 November, 2005

My SIMCAT performance

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SIMCAT scores

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10 November, 2005

Ogilvy & Ogilvyism

David ogilvy, father of advertisement world, dont require an introduction. Started with no clients in 1948,ogilvy adagecny has now worldwide presence. Truly impressive! Here are few Ogilvyism on Hardwork Hard Work I figure that my staff will be less reluctant to work overtime if I work longer hours than they do. I believe in the Scottish proverb: "Hard work never killed a man." Men die of boredom, psychological conflict and disease. They do not die of hard work. Agencies which frequently work nights and weekends are more stimulating, more successful - and more profitable. A tight ship is a happy ship - provided it is an informal ship. Ogilvy's latest SBI ads with "surprisingly SBI" caught my attention. Which bank has largest number of ATMs? which bank has more customers than population of Australia? blah..blah... Creative ads to promote the Big daddy of Indian Banking- State Bank of India.

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Tetra Pak

Dr.Ruben Rausing made his people to look beyond the obvious. It brought out an idea which changed the food processing world upside down. The perishables like milk are now pakced with by hygenic tetra pak than glass bottles or cheap packaing. The first packages are in tetra-hedron shape, hence named as Tetra-pak. These are called Tetra classic now. (Tetrapak classic is market leader in Mexico). Facts & Figures Revenue about US $ 8.8B 1- presence in 165 countries 2- packages delivered 160Billion 3- >20K employees TetraPak Research Labs Estd 1951 Product: Tetrabrik 1959 Carton and Plastic coating ManufacturerL Tetra Pak, Sweden The above two tetra pak designs are exhibited in Museum of Modern Art, NY with title " Inspired design that make life easier, safer and more fulfilling"

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Rajat Gupta on Creating Indian Entrepreneurs

Rajat Gupta's article on Need for Indian Entrepreuners, The issues addressed are Right environment, skills include management knowledge/talent, availability of seed fund, social sharing. Having a killer idea is the starter for Entrepreuner driven business model. Sabeer bhatia and host of other indians in silicon valley proven this. The nurturing environment like silicon valley is necessary. VCs gets attracted to placed where entrepreuship sustains. Entrepreuners wants a place with abudance of financial support from VCs. Its a classical chicken-and-egg problem. This is a yet to reach a tipping point. Host of silicon valley banks are working as consortium to bangalore to develop entrepreunrs in IT. I am still looking for club or website where entrepreurship thinktank exists. If you know any one, do keep me posted.

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05 November, 2005

Outsourcing- Bitter fruit?

UK's food retailer sainsbury brought its outsourced IT operation from Accenture to back-in house. Earlier,Sears Roebuck & co broke the US$1B IT contract with Computer science corp. Last year, JP Morgan chase and IBM part away with IT outsourcing deal. Deloitte consulting's recent survey indicated two third of respondents said that they have brought some outsourced IT work back in-house. The reason for this: Companies started viewing IT as strategy to regain control. sainsury wanted its IT back for gaining competitive advantage and JP Morgan too had similar reason. The Channel Insider

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Who gonna win sub-2k band Telecom market?

In India, Mobile phone garners 70Million subscribers. And a crazy sum of 3 Million new subscribers gets added every month. The current telecom growth is from rural sector rather than urban population. The sub-2k band mobile is the necessary tipping point to keep this growth rate. Nokia is a market leader with a whopping 75% market share, way ahead of motorola, samsung, sony ericsson. In sub-2k band, none are yet to emerge as clear leader. Nokia has 3 models below 3000, samsung boss and Motorola C138 are also in fray. The next 6-12 months will answer the question "Who gonna win sub-2k band telecom market". Infineon came up with <1000 Rs single chip solution for mobile phone. Nokia's mobile phone with this chip is expected to be afloat within a year. This is expected to bring down the minimum cost phone to Rs.1500-1600. Worth watching out!

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