Saturday, April 29, 2006


The one good decision I have taken is enrolling only in accounting pre-term. Today we had the last pre-term class on accounting. Just 4 classes and looks we learnt a lot in accounting. But still not confident enough. Prof was too good. For now the subject looks very interesting. But there is lot of confusion too.

The thumb rule one has to remember in accounting is:

Debit is "what comes in"
Credit is "What goes out".

Now I have got some brief idea about journal, ledger etc. Can I prepare a balance sheet on my own. Hmmm, may be..but not that confident. Can I understand the transactions happened by seeing the balance sheet. hmmm :-? may be.

Now the confusing part is " When there is an expense, that means we are spending some money and they are going out" Then why do we say expense is debited and income is credited. This is where we hve to stretch more.

Thats why finance = logic + commonsense + stretch. :-)

Term1 is gonna begin from Monday. The seating arrangement is decided and affixed on the lecture theaters for each section. Still need to finish the reading of marketing management case.
will try to finish it by this night. So that I can go out to city tomorrow.

Thursday, April 27, 2006

First class at ISB

Today I had the experience of first class at ISB. It’s a pre-term on Accounting. It is marvelous. I don’t really have words to explain. Faculty member Mubeen Rafat is too good. Since Accounting was new to most of us (IT guys and gals), so much of class participation. So many questions, so many doubts, from almost everyone in the class. Lot of questions like:

What is an asset?
Who will audit?
Who will pick the auditors?
What if auditors give wrong results?
How will cash become an asset since it didn’t incur any expenditure?
Whether salary is an asset or liability? Etc etc

In the class when mubeen was telling the example like “when we get 100/- from the stake holder and if we could generate 20/- as a profit from that….then one student asked a question like “how will the assets and liabilities get balanced now, as there is some profit generated. (Ofcourse it is a very basic question, but think in the perspective of the student who is very very new to accounting). Then immediately she answered “the extra generated profit 20/- becomes an asset and we are liable to share with the share holders too. So 20/- is to be written in the asset side to balance assets and liabilities. Then one guy immediately asked “Just for the heck of balancing I should write 20 in the assets side?” :-):-).There was one more interesting question. “If the company goes for bankruptcy, how can we show the company money in terms of shareholder’s own property?

But believe me, class was really really interesting or rather I should say interactive. 2 hrs just flew away.

Hmmm. Backlogs started. We are supposed to read the case before attending the Marketing class. Almost 150 pages to read. Few notes to read for other classes too. I should finish everything by this Saturday. Will try my best to finish.

Tuesday, April 25, 2006

Are you India's creative future?

The British Council is partnering with IIMB, UK experts and the Common Wealth Business Council to hunt for twenty creative or rather lucky candidates who have that potential and who can display the rampant courage. The twenty selected people will then be exposed to two-week training at IIMB. The "creative future" school inspired by the British Council will enable potential enterpreneurs to articulate the ideas in a way which will engage both western and eastern interests. the ultimate aim of this program is to "create a creative business path way between India and UK".

Applications are invited from individuals aged 18-35 from across the creative sector. Details and application form available on

Last date for submitting application is 6 May 2006.

Good opportunity for the people who are looking for the entrepreneurship and who have some creative business plan.:-)

Monday, April 24, 2006


Pre-term sessions started from today. The courses offered in the pre-terms are Quantitative methods, Business statistics and Introductory Accounting. We have given the pre-term assessment tests for all the three. I flunked in all the three tests, but opted only for accounting. Its not that am damn good at Quants and stats. When I gave those two tests I am aware of the terminology atleast, but for accounting i don't have any clue and am totally blank in that. My classes are gonna start from wednesday.

Now the biggest challenge to everyone ( atleast to me) is sitting continuosly in the class for 2 hours, concentrating in the class, taking notes etc etc. Unfortunately only 4 classes for accounting unlike quants and stats.

Feedback got from some of the students who attended the quants and stats class:-

Quants feedback:-
1. "Oh my God! He is so fast and i couldn't follow him properly. The mistake i did is i didn't pre-read the quants pre-term course pack".
2. "Quants is cool compared to stats. I guess its because of the faculty".

Statistics feedback:-
1. "What is the need to prolong that tobacco details so long. Sounds funny."
2. "Basically the faculty's voice is not very clear. It is tough to make out what he is speaking ."

As I said earlier sitting in the class continuously for 2 hrs, concentrating in the lecture is a tedious job . The more work ex a person has the more tedious it is. Getting back to academics will take some time. But I am damn sure everyone of us will be ok by May-1st. No other choice. We have to ....

For the last few days, there were some flood of mails, exel sheets. Everyone is ending with filling one or other excel sheet. This is just the start i suppose ;-)

Sunday, April 23, 2006

Leadership Development program at ISB

Yesterday we had this Leadership development program (which is called as LDP) brief intro by one of the resident faculty. Last year this program spanned for three months. This time the duration is increased. Also as part of LDP, 360 degree feedback was taken about us from our colleagues and friends. All the 10 forms will be consolidated and they may suggest us some improvement areas. LDP program may cover some of the soft skills like personality analysis, listening skills, presentation skills etc.

MBTI (Myers-Briggs type indicator) is one of the widely used tool in the recruitment process. We are supposed to write a test and this MBTI will classify us in one of the 16 types and it will tell the recruiter whether we are apt for the role or not. This tool is used as part of the LDP last year. I am not sure whether this tool will be used this year too.

Saturday, April 22, 2006

Diverse and talented pool

Last Night we have the talent night show. Show was amazing, awesome. I don’t have further words to explain about the show. Though our section didn’t win anything, I would like to appreciate the salsa and karaoke team for their great efforts and participation. Everyone did a fantastic job. ISB PGP 2007 batch consists of singers, dancers, guitarists, weight lifters, body builders, gold medalists, tax commissioners, models, choreographers etc. Such a diverse pool!!!

Too many mails flooding in the inbox regarding the formation of clubs, electing the club presidents, selecting the team members etc. Last year every club did a phenomenal job. Hope our batch do better than last year’s batch and hope this enthu continues till the year end.

PS: Looks section B is leading now in the intersectional competitions.

Friday, April 21, 2006

EVC club Gyaan and Inter sectional competitions

Entrepreneurship and venture capital club meet is the one which inspired me more than any other club gyaan till now. It’s just because of the speaker. One of our alumni has literally lured almost everyone into the entrepreneurship. He spoke very practically and brought the real facts in front. God bless him with bright future. Not only he in particular. Almost every alumni is very helpful and they are really cooperative. Expecting the same kind of cooperation from our batch too.

There were many inter sectional competitions conducted so far. Our section won the Frisbee match in today’s competitions. As of today, our section is leading. Still few more competitions to get over. Not sure who wins finally. If we keep aside these sections and all, we all belong to one community, i.e. ISB Community.

Just decided not to worry too much about the placements from day1. I will put my best and leave the rest to God.

Wednesday, April 19, 2006

First week at ISB

It was truly an amazing feeling to enter into ISB for MBA course. No doubt that anyone who visits ISB falls in love with this place. In the registration process which happened on 15th, we were allotted our pre-term section names, core-term section names, section details, study group members, core term course details and class timings per section etc etc. Orientation sessions were planned from 16th to 21st. And the pre term classes start from 24th and end by 30th April. I opted only for the accounting course to get the feel of the classes and to know the accounting terminology at least.

Started meeting many people, exchanging the profiles etc from day1. It’s really really tough to remember the names of the people though we exchanged our profiles. I hardly remember 60-70 names till now. We had the dean's and deputy dean's address to our class first. Dy Dean Mr. Ajit Rangnekar is a real smart guy. He has all kinds of flavor in him. I was truly inspired by his smartness. So many gyaan sessions, inter sectional competitions conducted by our alumnus. We should be extremely thankful to them for conducting some games which worked like ice breakers for us to know each other. And should appreciate them again for staying back to take these gyaan sessions.

The gist I could make out of all the gyaan sessions is:

1. Be aware of the honor code and don’t ever try to violate the honor code.
2. Plan well and don’t keep any backlogs.
3. Class participation is important. But yes, one should not ask questions just for the heck of it.
4. Grades are really important if one is looking over consultancy jobs.
5. Work hard and slog your ass out for the first four core terms. If you are able to make it to dean’s list continue with your hard work. Otherwise forget the grades and think seriously about the take over from each class.
6. Punctuality is another important factor. Be on time to class.
7. Submit your assignments on time.
8. For the group assignments, it’s the team work. Work well with your team, be good with them, and encourage them when they feel low.
9. Participate in some of the important club events.
10. Prepare yourself for placements well in advance i.e. right from term1.
11. STRESS! I guess this is the usual and the most common term I am going to hear for the next one year. Plan properly and overcome the stress.

12. Last but not the least is "Have fun for the whole year during ur stay at ISB".

We got 24 hours in our hand i.e. 1440 minutes. It’s all about managing these 1440 minutes properly and in a well planned manner. If I am able to succeed in managing my time well, I don’t need to use the word stress at all.

I wish all the best to all my batch mates :-)

Saturday, April 15, 2006

Just Half day to go

After a long wait,finally the time has arrived. Hardly 12 hours to go to step my foot in ISB as a student. Just 1 year course. I have listened, read a lot about life at ISB for that one year. Very tight schedule. Planning is the IMPORTANT thing which is required now. I need to plan things well in advance. I should be able to manage my time well for activities other than studies too. I am very excited about the coming days and also kinda tensed too. Not sure where I stand in such a big competetive pool.
I am a very lazy girl. I have to keep all my laziness aside for the next 1 year atleast. I have to work hard. Just an year course, 8 semisters, 4 subjects per semister, 5 weeks per semister, hell lot of assignments :-(. I have lot of responsibilities too. So many people adviced me to take up the US offer and settle. I have chosen myself this path. I don't think that I will give chance to anyone to say that I have chosen wrong path. I am very conscious about my choices. All the best to you dear. Just do it.:-)

send off to my bro

Just came back from the airport. My Bro (Anil) is leaving to Denver,Colorado. Oh my God! I couldn't control my tears at the airport. Now even my mood is not good. Just thought I will be ok if I write this atleast in my diary. He is the only bro to me and also elder to me. My dad was saying, if i would have accepted my offer, even i would have joined my bro. But thats ok. Never mind. I can understand my dad's feeling. He wanted to see his daughter in US. Thats his dream. Never mind Dad. I will try to fullfil ur wish somehow. If I can't make it on my own will atleast marry some guy whoz settled in US. But lemme try to get it done in the first way. If not.... alternative is there. So no worries.

Will be eagerly waiting for my bro's call after 18 hrs. I miss u anil :-(.

Thursday, April 13, 2006

Farewell Time

Hmmm.. Finally it’s the time to get farewell from my company. Last Monday was my last working day. As everyone I too got affected with LDAW syndrome. Yesterday night my colleagues have given me the farewell party at Chutneys, Hyderabad. Gone are the days where I really enjoyed my work, helping my colleagues. When I joined as a fresher in my company I was assigned to one mentor (Sudip). I still remember those days. I just folded my hands and went to him and asked “Sir! Can you please give me one program to analyze.” Now to the same person, I just go and sit on his table and say “Kya Sudip! Kya problem hain? Do u require ne help”. Life is ironic. I miss all those days and all the people here in my company. Everyday I used to go down and used to have that road side panipuri nd sometimes chat too with my colleagues.

I learnt a lot in this short journey. There will be something to learn from any creature in this world. God bless my company and my colleagues.

Sunday, April 09, 2006

How to win friends and influence people-Part Two-Four

Part Two-Six ways to make people like you
1. Become genuinely interested in other people.
2. Smile.
3. Remember that a person's name is to that person the sweetest and most important sound in any language.
4. Be a good listener. Encourage others to talk about themselves.
5. Talk in terms of the other person's interests.
6. Make the other person feel important - and do it sincerely.

Part Three-Win people to your way of thinking
1. The only way to get the best of an argument is to avoid it.
2. Show respect for the other person's opinions. Never say, "You're wrong."
3. If you are wrong, admit it quickly and emphatically.
4. Begin in a friendly way.
5. Get the other person saying "yes, yes" immediately.
6. Let the other person do a great deal of the talking.
7. Let the other person feel that the idea is his or hers.
8. Try honestly to see things from the other person's point of view.
9. Be sympathetic with the other person's ideas and desires.
10. Appeal to the nobler motives.
11. Dramatize your ideas.
12. Throw down a challenge.

Part Four- Be a Leader: How to Change People Without Giving Offense or Arousing Resentment
1. A leader's job often includes changing your people's attitudes and behavior. Some suggestions to accomplish this:
2. Begin with praise and honest appreciation.
3. Call attention to people's mistakes indirectly.
4. Talk about your own mistakes before criticizing the other person.
5. Ask questions instead of giving direct orders.
6. Let the other person save face.
7. Praise the slightest improvement and praise every improvement. Be "hearty in your approbation and lavish in your praise."
8. Give the other person a fine reputation to live up to.
9. Use encouragement. Make the fault seem easy to correct. Make the other person happy about doing the thing you suggest

Each part has its own importance. I rate 7/10 for this book. This is the must read book for everyone. If we really inculcate these as our habits, no doubt we become successful person in anything.

Happy reading :-)

Good Achievement

I am very happy for being part of the CMMI ML3 achievement in my company. Though my company is taking the bond amount from me, I worked my best. Represented the project, attended the interviews related to process areas and project. Everyone said like why I should work for the company so hard if they are taking the bond amount from me. Even I was bit inclined not to work. My mind was half split with work and not work. I strongly feel like anything in this world can be gained thru love and affection, definitely not thru criticism. This is the best part, which anyone can learn from “How to win friends and influence people”.

Looks things are going in a positive direction. My CEO called me from US and thanked me personally for helping the organization in my last working days too. All of a sudden he started talking about Sabbatical and about my H1B Extension. That’s really great. I am not sure whether I will consider the option or not, but I am feeling really satisfied for what I have done. The option given to me is, he is ready to take me to US after my MBA at ISB. But thing is I need to take three weeks off in between so that I can go to US just for the heck of my H1B extension. But am pretty sure that taking three weeks off is definitely not possible. I’m not sure if the exchange program help me in any way. Once I get into ISB I can get some more details related to this.

Now the million dollar question in my mind is “will he take 1 lakh from me?” Time will tell. I need to go to office on Monday still for the final settlement. Lemme see how things works.

Friday, April 07, 2006

How to win friends and influence people-Part One

How to win friends and influence people by Dale Carnegie is one of the best books which I read in my engineering days. Just felt like reading the book again. This book tells about how to increase one’s ability to deal with people. It’s all about human relations. Building a business is nothing but building the relations.

The concept in the book is explained in four parts. Part one is all about fundamental techniques in handling people. Part two is about six ways in making people like you. Part three is about how to win people to your way of thinking. Part four is all about how to change people without giving offense or arousing resentment. I will try my best to list out some good points in each part.

Part One: Fundamental techniques in handling people:-
1. If you want to gather honey, don’t kick over the beehive- Criticism is futile because it puts a person on the defensive and usually makes him strive to justify himself. Criticism is dangerous, because it wounds a person’s precious pride, hurts his sense of importance, and arouses resentment. F.Skinner, the world famous psychologist, proved through his experiments that an animal rewarded for good behavior will learn much more rapidly and retain what it learns far more effectively than an animal punished for bad behavior. Later studies have shown that the same applies to humans.

When dealing with people, let us remember we are not dealing with creatures of logic. We are dealing with creatures of emotion, creatures bristling with prejudices and motivated by proud and vanity. The principle here is “Don’t criticize, condemn or complain”.

2. The big secret of dealing with people- The deepest urge in human nature is “the desire to be important”. In our interpersonal relations we should never forget that all our associates are human beings and hunger for appreciation. It is the legal tender that all souls enjoy. Try leaving a friendly trail of little sparks of gratitude on your daily trips. You will be surprised how they will set small flames of friendship that will be rose beacons on your next visit. The principle here is “Give honest and sincere appreciation”.

3. He who can do this has the whole world with him. He who cannot walks a lonely way- The only way to earth to influence other people is to talk about what they want and show them how to get it. “If there is one secret of success, it lies in the ability to get the other person’s point of view and see things from that person’s angle as well as from your own.” Looking at the other person’s point of view and arousing in him an eager want for something is not to be construed as manipulating that person so that he will do something that is only for your benefit and his detriment. Each party should gain from the negotiation. I guess this concept we will learn in negotiation subject at ISB. The principle here is “Arouse in the person an eager want.

Happy sriramanavami to everyone :-)

Thursday, April 06, 2006

Things to do before getting into ISB

I guess am already running late in finalizing the to-do list before getting into ISB. Let me finalize it now atleast. Yup.. It’s never too late. :-)

1. Need to finish CMMI activities in the company. -C
2. Should take the back up of all the important data from my office PC. -C
3. Get all the certificates, relieving letter etc etc from the company by 10th of this month. -C
4. Sorting out all the important folders in my office desk. -C
5. Should follow up accountant person to get my form-16 before I leave my company. -C
6. SBI loan is sanctioned. But need to check up with HDFC bank also once as this SBI people are on strike and as I didn’t get any documents from the SBI guys. -C
7. Need to update the financial analysis document. -I
8. Should follow up my project manager for filling up the LDP 360 degrees survey. -C
9. Sort out my shopping list and need to do some shopping, Need to help my brother in his shopping too as he will be leaving to US on 15th morning of this month. -C
10. Should sort out many things in home, as we need to vacate the house by 15th. -C
11. Need to visit doctor once. -I
12. Should meet all my friends atleast once. -C
13. Need to write the accounting and quants test for the pre- term validation. Oops last date is 12th. -C
14. Need to refresh my database of contacts . -C
15. My mobile need to be repaired to make it work till 15th atleast. After that newazz I can use my bro’s mobile. -C
16. Need to mail to all the important persons who are in my important contacts list. -C
17. Should read “Men are from mars and women are from Venus”, and some of Dale Carnegie books. -I
18. …

Oh my God! List is growing big. As of now the list is so. Lemme update the status on daily basis for the above list. I should make sure that I am completing all the above mentioned things before I join ISB. (Just 8 days left)

PS: I -In progress, C- Completed

Wednesday, April 05, 2006

Lemonade Game-Want to become an enterpreneur?

Today when I was just browsing the blogs, I found this interesting game from Manu's blog. I too just gave a try to it. Woww.. Managed to get $39.06 for the first try.

100% cutomer Satisfaction and 85% popularity. :-D

Cool game :-)
Tempted to play again. Woww.. This time 100% customer Satisfaction and 100% Popularity. And the net profit is $72.85.

Let us see what will be the highest :-)

ISB Placement news

There was some news last week in Economic times about ISB placements saying “ISB grads rake in $200,000 packet “. But that was before the official declaration. Now that the official news are declared.

Here is the fact sheet of placements taken from the ISB site:-

Fact Sheet – Placements 2006
• Record International salary : USD 233,800 ( INR 1.04 crores)
• Average International salary : USD 120,700 ( INR 53.5lakhs)
• Highest Indian salary : INR 30.34 lakhs
• Average Indian salary : INR 11.77 lakhs
Placement Statistics for Women
• Percentage of Women Students in the Class of 2006 : 19%
• Highest International salary for a woman student : USD 223,400
• Highest Domestic salary for a woman student : INR 20 lakhs
• Average salary for a woman student : INR 9.89 lakhs
Percentage up in Highest Salary over 2005
• International : 29%
• Indian : 44%
• Total number of offers : 425
• Number of Lateral offers : 424
• Number of International offers : 42
• Number of Indian Offers : 383
Placements Summary
• Total number of companies that participated in the Placement process : 143
• Total number of students participating in the Placement process : 328 out of 345
Leadership Positions in companies
o VP – International Marketing
o Head – Marketing
o International Country Manager Designates

Saturday, April 01, 2006

Nice Article

Thats really an inspirational article. A seedha saadha Ladka, who moved from the slums of chennai to IIM-Ahmedabad and planning to setup his own business venture.