- Sourcing capital from where it is cheapest
- Sourcing talent from where it is best available
- Producing where it is most cost effective
- Selling where most profitable / where markets are
- Without being constrained by national boundaries!
This blog documents my MBA student life at Ryerson University, Canada (2010-2012). It was an attempt to demystify the MBA experience, help understand MBA topics & encourage MBA wannabes. I have a Pre-MBA blog about B-School application process (and a few other blogs) as well. I used to blog actively in the past and interact with readers regularly, but life got very busy after my MBA. Good luck. Take care. Cheers! Gerry.
Friday, November 4, 2011
AWESOME definition of Globalization by NRNM in the video below !!!
Globalization is nothing but...
Interesting story about India: A Blackberry addict discovers grassroots enterprise in India.
From the blog of Indian Film maker Shekhar Kapoor. Link below:
http://shekharkapur.com/blog/2010/07/a-blackberry-addict-discovers-grassroots-enterprise-in-india/
http://shekharkapur.com/blog/2010/07/a-blackberry-addict-discovers-grassroots-enterprise-in-india/
A greater ‘hole in the wall’ you cannot imagine. A small fading sign on the top saying “Cellphoon reapars” barely visible through the street vendors crowding the Juhu Market in Mumbai. On my way to buy a new Blackberry, my innate sense of adventure (foolishness) made me stop my car and investigate. A shop not more than 6 feet by 6 feet. Grimy and uncleaned.Can you fix a blackberry? Of course , show me”. How old are you”.Sixteen’.Bullshit. He was no more than 10. Not handing my precious blackberry to a 10 year old in unwashed and torn T shirt and pyjama’s ! At least if I buy a new one, they would extract the data for me. Something I have been meaning to do for a year now. ‘What’s wrong with it ?”‘Well, the roller track ball does not respond. It’s kind of stuck and I cannot operate it” He grabs it from my hand and looks at it. “You should wash your hands. Many customers have same problem. Roller ball get greasy and dirty, then no working’
Look who was telling me to wash my hands. He probably has not bathed for 10 days, I leaned out to snatch my useless blackberry back. ”You come back in one hour and I fix it’. I am not leaving all my precious data in this unwashed kid’s hands for an hour. No way. “Who will fix it ?”.
‘Big brother’. ‘How big is ‘big brother?’. ‘Big …. umm ..thirty’. Then suddenly big brother walks in. 30 ??? He is no more than 19. ‘What problem ?’ He says grabbing the phone from my greasy hand into his greasier hand. Obviously not trained in etiquette by an upmarket retail store manager. ‘Normal blackberry problem. I replace with original part now. You must wash your hand before you use this’. What is this about me washing my hands suddenly ?? 19 year old big brother rummages through a dubious drawer full of junk and fishes out a spare roller ball packed in cheap cellophane wrapper. Original part ? I doubt it. But by now I am in the lap of the real India and there is no escape as he fishes out a couple of screwdrivers and sets about opening my Blackberry. “How long will this take ?”.”Six minutes ”. This I have to see. After spending the whole morning trying to find a Blackberry service centre and getting vague answers about sending the phone in for an assessment that might take a week, I settle down next to his grubby cramped work space. At least I am going to be able to watch all my stored data vanish into virtual space. People crowd around to see what’s happening. I am not breathing easy anyway. I tell myself this is an adventure and literally have to stop myself grabbing my precious blackberry back and making a quick escape. But in exactly six minutes this kid handed my blackberry back. He had changed the part and cleaned and serviced the the whole phone. Taken it apart, and put it together. As I turned the phone on there was a horrific 2 minutes where the phone would not come on. I looked at him with such hostility that he stepped back.‘You have more than thousand phone numbers ?” ‘Yes’. ‘Backed up ?’. ‘No’. ‘Must back up. I do it for you. Never open phone before backing up’.‘You tell me that now ?’. But then the phone came on and my data was still there. Everyone watching laughed and clapped. This was becoming a show. A six minute show.
I asked him how much. ‘ 500 rupees’ He ventured uncertainly . People around watched in glee expecting a negotiation. Thats $ 10 dollars as against the Rs 30,000 ($ 600) I was a about to spend on a new blackberry or a couple of weeks without my phone. I looked suitably shocked at his ‘high price ‘ but calmly paid him. Much to the disapointment of the expectant crowd. ‘Do you have an Iphone ? Even the new ‘4′ one ? ‘No, why”. ‘I break the code for you and load any ‘app’ or film you want. I give you 10 film on your memory stick on this one, and change every week for small fee’. I went home having discovered the true entreprenuership that lies at what we call the ‘bottom of the pyramid’. Some may call it piracy, which of course it is, but what can you say about a two uneducated and untrained brothers aged 10 and 19 that set up a ‘hole in the wall’ shop and can fix any technology that the greatest technologists in the world can throw at them.
I smiled at the future of our country. If only we could learn to harness this potential. ‘Please wash your hands before use’ were his last words to me. Now I am feeling seriously unclean.
Four reasons why no one is seeing your resume
From the link:
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| Is your resume meant for the dustbin from the start? |
When you read a job posting and apply, but do not hear back, here are some of the most likely reasons why no one is even looking at the resume that you're sending to potential employers. Ask yourself this question? Is your resume dustbin material from the very start?
Your resume is not optimized for computer scanning software:
With the growth of the Internet, the way we find and apply for available positions has dramatically changed over the past decade. With just a few clicks of a button, a job seeker can upload or email their qualifications to an online job board or HR personnel. With the increased ability to apply for more jobs in a shorter amount of time, hiring managers and recruiters have to deal with a lot more applications per open position. To cope, they have turned to recruiting software and applicant tracking systems to help them screen out resumes that don't seem like a good fit. Applicant Tracking Systems (ATS) and recruiting software operates by linking keywords found in resumes to qualifications required to perform jobs. The computer software, after scanning resumes, recommends to hiring managers which resumes have been deemed worthy to be viewed by human eyes, potentially saving them valuable time. Job seekers who do not know how the job hiring process works, but whom are potentially qualified to perform the job, unfortunately get the electronic boot.
You don't have a core competency or key qualifications section:
* Incorporate a section called "Core Competencies" or "Key Qualifications" near the top of your resume. Approximately 12 keywords .Show that you have the qualifications required to do the job. This will also allow the recruiting software to find the keywords it is looking for early on in the resume scanning process.
You're not customizing your resume for each position you're applying for:
Pay close attention to the key qualifications or mandatory skills section of job postings. Insert the required skills that are listed in the job posting that you are applying for inside of your core competencies or key qualifications section and throughout the rest of your resume.
Your resume does not incorporate a diverse set of industry terminology:
* Read numerous job postings for not only the positions that you want to apply for but for also jobs that are similar to the roles you desire. By reading a lot of job postings within your career set, you'll get a good understanding of the industry terms used to describe the skill sets of the candidates organizations are looking for. These terms also tend to be the words recruitment software programs are looking for.
* For example, if you are looking for a great sales position, solution selling, business development and account management might be great keywords to use throughout your resume. If you are looking for a management position, leadership, team and supervise might be keywords you should consider for your resume.
* For example, if you are looking for a great sales position, solution selling, business development and account management might be great keywords to use throughout your resume. If you are looking for a management position, leadership, team and supervise might be keywords you should consider for your resume.
Admission Criteria: Post MBA Diploma from Schulich School of Business
POST MBA DIPLOMA IN ADVANCED MANAGEMENT general admission criteria:
Schulich's Post-MBA Diploma in Advanced Management allows individuals with a recognized MBA degree to update their business degree and stay abreast of new developments in their professions. This program also allows MBA graduate to develop new expertise in another career area. An applicant's MBA must be academically equivalent to an MBA in Canada and to Schulich's MBA (determined by the admissions committee), and must be a two year full-time program (or equivalent ), 60 credits.
MBA degrees completed in India, Pakistan or Bangladesh are not considered equivalent to an MBA in Canada (by Schulich's Admission Committee), nor to Schulich's MBA curriculum therefore, these degrees are not accepted for admission to the Post-MBA Diploma in Advanced Management.
Individuals who enroll in Schulich's Post MBA Diploma have the ability to create their own learning program and complete the program at their own pace.
Schulich's Post-MBA Diploma in Advanced Management allows individuals with a recognized MBA degree to update their business degree and stay abreast of new developments in their professions. This program also allows MBA graduate to develop new expertise in another career area. An applicant's MBA must be academically equivalent to an MBA in Canada and to Schulich's MBA (determined by the admissions committee), and must be a two year full-time program (or equivalent ), 60 credits.
MBA degrees completed in India, Pakistan or Bangladesh are not considered equivalent to an MBA in Canada (by Schulich's Admission Committee), nor to Schulich's MBA curriculum therefore, these degrees are not accepted for admission to the Post-MBA Diploma in Advanced Management.
Individuals who enroll in Schulich's Post MBA Diploma have the ability to create their own learning program and complete the program at their own pace.
Students can study either:
FULL-time or
PART-time
Students can begin the program in one of three semesters:
September (Fall Term)
January (Winter Term) or
May (Spring / Summer Term).
Individuals must complete a total of 5 full credit courses to complete the program.
Each applicant to the Post Diploma Program must submit the following to be assessed for admission:
1. Candidates to the program must posses a recognized MBA with an academic standing no less than a B. Transcripts of the MBA degree in a signed and sealed envelope, sent directly from the post-secondary institution.
2. Two years of relevant full-time work experience post undergraduate degree.
3. English Proficiency (see MBA admission criteria above)
4. A detailed resume
5. GMAT (not required)
Application deadlines are listed below for your reference:
Fall (September): deadline = May 1
Winter (January): deadline = October 1
Summer (May): deadline = February 1
Each applicant to the Post Diploma Program must submit the following to be assessed for admission:
1. Candidates to the program must posses a recognized MBA with an academic standing no less than a B. Transcripts of the MBA degree in a signed and sealed envelope, sent directly from the post-secondary institution.
2. Two years of relevant full-time work experience post undergraduate degree.
3. English Proficiency (see MBA admission criteria above)
4. A detailed resume
5. GMAT (not required)
Application deadlines are listed below for your reference:
Fall (September): deadline = May 1
Winter (January): deadline = October 1
Summer (May): deadline = February 1
Canada Unemployment: Economy Sheds 54,000 Jobs In October 2011.
From the link:
Uh, oh! This is not good news for current MBA students or recent MBA graduates :( There is always a way that smart MBAs shall find a way to get a job through networking or smart ways of applying. But what about the rest?
Uh, oh! This is not good news for current MBA students or recent MBA graduates :( There is always a way that smart MBAs shall find a way to get a job through networking or smart ways of applying. But what about the rest?
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| Job losses in October 2011. NOT good for MBA students or new MBA grads! |
What are the highest paying MBA careers?
From the link:
http://money.howstuffworks.com/business/professional-development/highest-paying-mba-careers.htm
Is an MBA your ticket to a higher salary? Earning the degree can expand your career opportunities and increase your future income. A Master's of Business Administration (MBA) program usually requires two years of study beyond an undergraduate degree; the curriculum includes courses in finance, marketing, accounting and management, as well as coursework in computer science, database administration and related technologies. The number of MBA degrees awarded annually has grown from around 5,000 in the 1960s to more than 150,000 currently. Costs can range from $30,000 at a regional school to more than $100,000 at a more prestigious school.
Yet, even in an economic downtown, companies value the skills that an MBA degree brings to the table. Some employers say they plan to pay those they hire with an MBA degree nearly twice as much as those with only an undergraduate education [source: GMAC].
If that wasn't enough, more Manufacturing and Health care companies are now seeking out MBAs -- although industries like banking and consulting have typically recruited the most MBA students.
According to the Graduate Management Admission Council (GMAC), salaries for MBAs vary according to the industry where they're employed. The median salaries of MBA graduates are as follows:
These starting salaries are only guidelines. Individual salaries vary depending on a number of different factors, including your school's reputation, geographic location, regional cost of living, prior work experience and undergraduate degree [source: MyMBACareer]. The potential for growth varies within industries as well: Positions in finance and consulting may have more upside in the long run than positions in health care or manufacturing, especially when you factor in perks like bonuses and stock options.
http://money.howstuffworks.com/business/professional-development/highest-paying-mba-careers.htm
Is an MBA your ticket to a higher salary? Earning the degree can expand your career opportunities and increase your future income. A Master's of Business Administration (MBA) program usually requires two years of study beyond an undergraduate degree; the curriculum includes courses in finance, marketing, accounting and management, as well as coursework in computer science, database administration and related technologies. The number of MBA degrees awarded annually has grown from around 5,000 in the 1960s to more than 150,000 currently. Costs can range from $30,000 at a regional school to more than $100,000 at a more prestigious school.
Yet, even in an economic downtown, companies value the skills that an MBA degree brings to the table. Some employers say they plan to pay those they hire with an MBA degree nearly twice as much as those with only an undergraduate education [source: GMAC].
If that wasn't enough, more Manufacturing and Health care companies are now seeking out MBAs -- although industries like banking and consulting have typically recruited the most MBA students.
According to the Graduate Management Admission Council (GMAC), salaries for MBAs vary according to the industry where they're employed. The median salaries of MBA graduates are as follows:
- Consulting -- $105,000
- Energy/utilities -- $97,770
- Finance/accounting -- $95,000
- Health care -- $95,973
- Technology -- $95,000
- Manufacturing -- $91,560
- Products/services -- $88,518
- Nonprofit/government -- $70,000
These starting salaries are only guidelines. Individual salaries vary depending on a number of different factors, including your school's reputation, geographic location, regional cost of living, prior work experience and undergraduate degree [source: MyMBACareer]. The potential for growth varies within industries as well: Positions in finance and consulting may have more upside in the long run than positions in health care or manufacturing, especially when you factor in perks like bonuses and stock options.
Joke about Stock Market.
Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for Rs. 10/- . The villagers seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands at Rs. 10/- and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at Rs. 20/- This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms. The offer rate increased to Rs. 25/- and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it! The man now announced that he would buy monkeys at Rs50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him. In the absence of the man, the assistant told the villagers. Look at all these monkeys in the big cage that the man has collected. I will sell them to you at Rs35 and when the man returns from the city, you can sell it to him for Rs. 50/- . The villagers squeezed up with all their savings and bought all the monkeys. Then they never saw the man nor his assistant, only monkeys everywhere!!!
Welcome to the Stock Market !
Welcome to the Stock Market !
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