Thursday, June 26, 2008

The Dynamics of a profession!!

As if the marvel of competitive strategy was not enough, i had an amazing lecture on macro economics. The prof said, when you will be CEO flying in your own jets, you will not open books, you will not have time to find figures and make excels, you will read newpapers and try to predict which market works for your busines and which does not. This was a simple man, standing infront addressing a class of 70 to be MBAs. He had videos on commanding heights and he had pateince to take each concept step by step.
I have never had such a deep respect for teaching profession before coming to ISB. With every passing day, this is getting faded. There are people who command respect. Professors are smart, they are better than consultants and some of them have immense knowledge of world.
Here, i have been linking all my knowledge to reading economic times and here was a prof who said, " I will share some newspaper clippings, if you get time, get them in class too, we will see how macro economics works. I dont care if you know quant or not, we will apply common sense and simple concepts. The paper will be based on these discussions." (Kick off those books and excels, get your brain sharpened) :)
Teaching is redefined. Profs are innovators, independent, marketers. They consult companies world over and unlike most of us, they are free. :)

Friday, June 20, 2008

Common Sense!!

Two months down in one of the premeir b school. I like everything that i study here. The concepsts in economics, accounts, marketing, strategy. Every time i listen to a term and try to assimilate, i just know that its all common sense. It has always existed around me. Is MBA all about making you more aware about your surroundings?
Yes, i believe it is. The conviction is getting stronger with every passing day. Just the way i always challenged science as an enginner for all kind of ideal scenarios it projected, i feel the same way for B school subjects. They teach you, GIVEN all is fit and fine, you can think straight, just that nothing will be fit and fine in real world.
Then what is success and business all about? This for sure is not the theory i read in books. Its all common sense, guts to play the game and handle it with full vigour if things goes wrong, or may be just a very very strong belief where you do not know what can not happen? After having read many autobiographies, i tried to draw some conclusion, successful people were passionate about what they wanted to do. They were not greedy about a royal life, but an original life and they all knew less about what would not work. Had they read all the books, they would have never dared to start any business...
Hmm.. MBAs are needed to run the business, a methodical MBA can be harful to start the business.. :)