My Journey to the IIM !!

Re: WORST CASE SOME ONE!!!

14AUG2006

TODAY WAS OUR CLASS ON PERSONALITY DEVELOPMENT.....AND BUSINESS COMMUNICATIONS
in business communications we talked on stages of PRESENTATION
. set your objectives
. plan the presentation
.reharse and practise
.be ready and prepared
PURPOSE OF PRESENTATION
PLANNING OF PRESENTATION
WHO ARE AUDIENCE..................

in the second class we had personality development........... and it was boring one
one thing i learned ....HOW TO SLEEP ..... WITH EYES OPEN.....HE HE EHE HE .....

in night from 11pm to 7am i studied economics from CA material ....what i was doing was to just reading summery of all chapters like WTO ...ADB...FISCAL POLICY.....etc studied case studies ......then at last economic times......
 
Re: WORST CASE SOME ONE!!!

bonddonraj said:
14AUG2006


in the second class we had personality development........... and it was boring one
one thing i learned ....HOW TO SLEEP ..... WITH EYES OPEN.....HE HE EHE HE .....

...
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arey bond yayrr..........u learnt it to late yaar.........i hav been doin it for ages.....

hey and bond y did thnkd me ealrier post.....u said tht i was right......
 
Re: WORST CASE SOME ONE!!!

kartik said:
In the absence of AJ .. i shall take the liberty to tell you its " Idiotic " :aj1:
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Damn.......................................Beat me to it!! :aj1: :aj:
 
Re: WORST CASE SOME ONE!!!

Hi Raj,

Hope this real story helps you..........................

It is about a boy from small village from a very poor financial background in Andhrapradesh.

He failed his 10 th class exams for 7 times( yes true)

Entire village hates him for every thing he does ( obviously for genuine reasons)

One day he wrote B.A beside his name......., seen that a gentleman scolded him and made that boy remove that qualification from that name plate..........And this changed that boy's life.........


He started taking his education seriously.....but his family was not in a position to help him financially........He requested his college principal and he allowed him on a condition that the boy will make entire village proud some day......

After some years he is a topper in civil examinations .

He got highest rank from Andhrapradesh...........

He is Mr .Satyanarayana.......( one of top rankers in the country in civil examinations)

If some one else can do what they want............ even you can do it........

I understand they may be many odds against , but once you had decided you want something you have to get that . Right...............

You said It is your dream ...........why do you want to know others opinions about your dream,,,,,,, Your Life,,,,,,,,,,,,,after all , it is your life......can any one else other than you can really help you ? I doubt it........

All The Best.........
Take care

Abhi
 
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management--16aug2006

so this is what i studied today

Management has been described as getting things done by other people. Managers have responsibility for enabling an organisation to achieve its objectives. They are therefore responsible for planning, organising, and controlling organisational activities. Managers set budgets, monitor those budgets, and identify ways of making sure that the budget is kept to. In addition managers manage resources - people, plant, time, materials, finance, etc. People sometimes think that management is a very precise science. However recent research has shown that this idealistic picture is often quite different from the reality.
In the real world, managers operate in a whirl of activity, constantly having to switch their attention from one subject, problem or person to another. They live in an uncertain world, where relevant and useful information is often mixed up with gossip and speculation.
A popular method of management is what is referred to as 'management by objectives'. This involves setting objectives and targets for different aspects of the organisation. The managers job is then to make sure that these objectives are achieved given an allocated amount of resources. The objectives will either be achieved, exceeded, or fallen short of - requiring remedial action where appropriate.
Another form of management is an autocratic approach where managers set targets and objectives for others and supervise the performance of their work. The problem with autocratic managers is that they can be intimidating and often fail to encourage employees so that they do not use the human resource as well as possible.
Consultative managers consult with others to find out their views and ideas before making decisions.
Democratic managers encourage others to make decisions for themselves.
Self managing teams are ones where management is devolved to members of a team, which does not have to wait for instructions from above.


The style of management that is most appropriate is often dependent on the situation e.g. the nature of the industry, the speed with which decisions need to be made, the familiarity of managers and others with the management style etc.


Problems of management
Management has been described as getting things done through or by other people. The effective manager therefore needs to be able to inspire and motivate others at work. However, management is not an easy task and some people fail to make good managers:
because they lack the personality and drive to organise well
they fail to inspire others
because their style of management does not fit in with their organisation, or the people that they are expected to manage
because they have not been provided with appropriate training.

There is an important distinction between proactive and reactive management. A proactive manager is someone that makes things happen through the actions and decisions that they make. The proactive manager shapes the future rather than waiting for the future to happen.
Typical characteristics of a proactive manager are that:
1. They plan ahead
2. They anticipate change and identify appropriate ways of dealing with change
3. They clarify aims and objectives for team and individual behaviours
4. They encourage team members to state their views and respond to these views and suggestions
5. They seek to maintain high levels of team morale.
In contrast, the reactive manager reacts to change when it happens rather than anticipating and shaping change.
Typical characteristics of the reactive manager are that:
1. They respond to changes that have occurred
2. They defend the aims and objectives taken by groups/teams
3. They seek to defend the team against criticisms.
 
financial--16aug2006

and in financial mgmt:SugarwareZ-064:


Cash Flow management
Budgets are statements setting out the planned performance of a business typically in a table made up of numbers. Usually these plans deal with money units (£'s/pence) but they can also consist of other measurable units e.g. units of output. Creating a budget enables an organisation (like Kraft) to plan ahead and then to check on its performance against budgeted figures.
The difference between budgeted figures and actual figures is termed a variance.
Variance is an important management tool because it enables businesses to manage their business - i.e. to take informed decisions based on management information (i.e. how actual performance compares with budgeted performance).eg; either favourable or unfavourable. A favourable variance is one where actual business performance proves to be better than what was budgeted for.


A variance is a difference between what actually happens and what is budgeted to happen.


Arsenal Football Club has budgeted for the following gate receipts from it's next three matches:
You can see that there were positive variances for the match against Wolverhampton (£100,000). There was a disappointing negative variance for the cup match against Hull (-200,000), but the Manchester United game yielded the expected revenue.
As you can see in the table below, the variance may be favourable or adverse.


Budgeting is an important management tool because it enables businesses to manage their business - i.e. to take informed decisions based on management information (i.e. how actual performance compares with budgeted performance).
The advantages of budgeting are:
1. It gives managers greater control. They can make decisions based on variance analysis. For example, if they spot unfavourable variances they can take actions such as:
*costs too high - cut out waste or change supplier
*sales too low - increase advertising/promotion/sales effort
*production too low - look to remove bottlenecks, labour efficiency etc.
2. It enables forward planning and the setting of targets to work towards. These targets can be set for the various components (e.g. departments) of an organisation.
3. It provides a means of measuring performance - i.e. the budgeted figure is the desired performance. A favourable variance shows that we are exceeding performance targets. An adverse variance shows poor performance.
4. A budget sets motivating targets for everyone to work towards achieving.
Budgets don't have to be set in tablets of stone. Some budgets can be 'flexed' i.e. allowed to be flexible to take account of changing circumstances. A flexible budget is therefore a plan that can be revised in the course of time.
Budgets need to be regularly monitored (i.e. checked) to see if action needs to be taken. There are thus three main stages in budgeting:


A forecast is different to a budget in that :
*a forecast is an estimate based on past experience
*a budget is a plan for the future.
Therefore whereas a forecast is passive, a budget is active in that it will probably seek to make changes to what has happened in the past.


For example, we can differentiate between a cash flow forecast and a cash flow budget. The cash flow forecast - is a forecast of cash coming into and going out of a business based on previous experience e.g. last month, or last year. A cash flow budget, is a plan usually to generate more cash coming into a business than going out.
In order to prepare a cash budget the accountant needs to know what receipts and payments are likely to take place in the future and the dates when they will happen. It is important find the length of lead time between incurring an expense and paying for it as well as the time lag between making a sale and collecting from debtors. The art of successful cash budgeting is to be able to plan and calculate accurately receipts and expenditures.


A cash-flow forecast is a table estimating (on the basis of previous experience) the amounts of money coming into and going out of a bank account each month.
Usually the cash flow forecast sets out in rows and columns:
1. A totaled up summary of money expected to come into a bank account
2. A totaled up summary of money expected to be paid out of the account
3. The expected bank balance at the end of a period e.g. week, month.
 
17 aug 2006 marketing and environment

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Re: WORST CASE SOME ONE!!!

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Re: WORST CASE SOME ONE!!!

HI Raj..............

Congrats U R already an ACHIEVER............................

Hats off that you are standing for your self.........I respect your Integrity..........

Raj .......... Don't mind me saying this , but you need to improve your English.

I know good english does not mean good communications......but when we need to earn our food , and for that if we need to master English ......we have to do it ........RIGHT... That's the way the world is .... so ........

All The Best

Take care.
Abhi.
 
Re: WORST CASE SOME ONE!!!

thanx abhi really good saying ........... and ya you said why asking others...... do they bother me ..... would there decision effect me? .......no never ........I HAVE DECIDED ................ no words shall effect or motivate me ..... now i am immune to it......
i have faced so much crule facts of life that nothing affects me .... My friends and known to call me a STONE......
ya i am so .... i remember the day of my First interwiew for Ochoa pharma ltd the place was 19km away from the place i lived...and i had just... 5 rs... in my pocket...final money i had for full one month!! i travelled 19km on foot under sun of May.....at 6am ....and reached there at 3pm....all drenched in sweat and tired ....i remember i drank 4 glass of water like a mad ....
i was selected there and got 1000 rs of impressed cash that .....
so it does not effect me IT iS the road i have DECIDED ......but ya talking to you all friends keep me moving ... i feel i am not alone ...and not too late to start..... ya THATS WHAT THEY MOCK ME IN MY MBA CLASS thaT i ... am ..a SENIOR CITIZEN!!! ehhh ,,, that kills me !!! is it my fault???

i never told you all that i belong from a disputed family ..... my dad must not say so but ya... he has ruined my life all togather.... after compleated my graduation ....in 1998 i joined my MBA college ...was among top students with just to achive high.... but he refused to pay my second installment of fee as it seemed to him a costly affair......!!! and i was stuck out from the college......my year was ruined.....ruined ....for no cause .... and dad bought a new car out of that money!!! i left home ...for ever ... took a rented room in a slum area.... that time i was doing C.S. as well .... only hope to cover up....i paid my exam fee by selling my blood two times ................
but was not able to clear papers .....reason ...whatever you take... its not an easy cake... for me...
i left it also as was not able to continue studies and job togather........and question was to survive.......
and thus after 7 yrs ...........
I >>>> AM >>>> BACK>>>> to regain.....restart .....form where i started.....
NOW I HAVE DECIDED ...... and I SHALL GET IT ............
may be now you all understand ....why i am so mad about IIM-A
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Your determination and struggle will make it on the first page of a newspaper someday.

Thnx for keepn this thread updated . Am learning a lot . Feels like I m doing MBA online !!
 
Re: WORST CASE SOME ONE!!!

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Re: WORST CASE SOME ONE!!!

Its simple english @ raj....

Marginal Utility of a product is the characteristic of the product for a marketing guy.

Economists would consider marginal utility as the consumption level of the product.

What say?
 
Re: WORST CASE SOME ONE!!!

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Re: WORST CASE SOME ONE!!!

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Re: WORST CASE SOME ONE!!!

hey Raj,

I hvnt catched up a lot in dis month..actually met with an accident n stuff...nw m doin ok....vl read al of dis n it vl surelyhelp me....

By da way ur struggle story is too inspiring man....really gud.......m happy 4 u.. 4 ur start.....m sure 1 day we all vl b proudly sayin we kno RAJ :D....


ALL da best!!
 
Re: WORST CASE SOME ONE!!!

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Re: WORST CASE SOME ONE!!!

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