THOUGHT FOR THE DAY

Knowledge and Wisdom

“Never mistake knowledge for wisdom. One helps you make a living; the other helps you make a life.” - Sandara Carey

TOPIC OF THE DAY

Lean Marketing

"And whenever a workman proposes an improvement, it should be the policy of the management to make a careful analysis of the new method, and if necessary conduct a series of experiments to determine accurately the relative merit of the new suggestion and of the old standard. And whenever the new method is found to be markedly superior to the old, it should be adopted as the standard for the whole establishment" (Frederick Winslow Taylor, Principles of Scientific Management, 1911).

Malcolm Gladwell, Seth Godin, and Geoffrey Moore are wonderful thinkers in the field of marketing. The concepts and methods...

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THOUGHT FOR THE DAY

Success

“To succeed in your mission, you must have single-minded devotion to your goal.”

- A.P.J.Abdul Kalam

Topic of the Day

WISDOM @ Wharton as revealed by APJ Abdul Kalam

IN THE din of disapprobation about the ‘words of wisdom’ spoken by former Indian President APJ Abdul Kalam, on unshackling of the country’s nuclear sector and India-United States (US) nuclear deal, have been drowned more valuable words of wisdom he delivered in March while in the US recently. Kalam may be celebrated as a brilliant ‘nuclear scientist’ and ‘missile man’ by laypersons as well as educated ones in India. But, being known among scholars more as a successful leader and manager of science-administration. He was invited to deliver the keynote address at the 12th Annual Wharton India Economic Forum (wife) in end-March.



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The true cost of happiness:The real story behind managing your money by Stacey Tisdale

THOUGHT FOR THE DAY

Change

“One way to have a clean mind is to change it now and then.” - E. C. McKenzie

Topic of the Day

P. V. Narasimha Rao

Pamulaparthi Venkata Narasimha Rao (Telugu: పాములపర్తి వెంకట నరసింహారావు) (28 June 1921 – 23 December 2004) was the tenth Prime Minister of the Republic of India.[1] He led one of the most important administrations in India's modern history, overseeing a major economic transformation and several incidents affecting national security.[2] Rao, also called the "Father of Indian Economic Reforms,"[3] is best remembered for launching India's free market reforms that rescued the almost bankrupt nation from economic collapse.[4] He was also commonly referred to as the Chanakya of modern India for his ability to steer tough economic and political legislation through the parliament at a time when he headed a minority government.[5][6

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Strategic Management: Concepts and Cases by Fred R David

THOUGHT FOR THE DAY

EXPECTATIONS

“High expectations are the key to everything.” - Sam Walton

TOPIC OF THE DAY

Breakthrough Ideas for 2008

Annual snapshot of the emerging shape of business - Harvard Business Review has just published its top breakthrough business ideas for 2008.

The list of 22 trends ranges wide, from a public transit agency that uses crowd sourcing to improve service, to hackers who increasingly are outsourcing their nefarious deeds to service providers...

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HBR Breakthrough Ideas 2008 Blog

THOUGHT FOR THE DAY

Belongingness

“As soon as I think that I am a little body, I want to preserve it, to protect it, to keep it nice, at the expense of other bodies; then you and I become separate.” - Swami Vivekananda

TOPIC OF THE DAY

10 Principles of Change Management

Way back when (pick your date), senior executives in large companies had a simple goal for themselves and their organizations: stability. Shareholders wanted little more than predictable earnings growth. Because so many markets were either closed or undeveloped, leaders could deliver on those expectations through annual exercises that offered only modest modifications to the strategic plan. Prices stayed in check; people stayed in their jobs; life was good.

Market transparency, labor mobility, global capital flows, and instantaneous communications have...


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THOUGHT FOR THE DAY

Fear

“The earth is enjoyed by heroes”—this is the unfailing truth. Be a hero. Always say, “I have no fear.” - Swami Vivekananda

TOPIC OF THE DAY

Blue Ocean Strategy

Blue Ocean Strategy is a business strategy book that promotes a systematic approach "for making the competition irrelevant."[1] It contains retrospective case studies and suggests theoretical approaches to creating "blue oceans" of uncontested market space ripe for growth. The book has sold more than a million copies in its first year of publication and is being published in 39 languages.

Concepts:

The metaphor of red and blue oceans describes the market universe. Red oceans are all the industries in existence today—the known market space. In the red oceans...

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India: what can it teach us? by F. Max Miller

THOUGHT FOR THE DAY

Great Business Quotes

"The key to success is to get out into the store and listen to what the associates have to say." - Sam Walton

Topic of the Day

History of Management

Modern managers use many of the practices, principles, and techniques developed from earlier concepts and experiences. The Industrial Revolution brought about the emergence of large-scale business and its need for professional managers. Early military and church organizations provided the leadership models.

In 1975, Raymond E. Miles wrote Theories of Management: Implications for Organizational Behavior and Development published by McGraw Hill Text. In it, he popularized...

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THOUGHT FOR THE DAY

Freedom

"Freedom is not worth having if it does not include the freedom to make mistakes." - Mahatma Gandhi

Topic of the Day

India Mobile Market Statistics 2006

India to become 3rd largest mobile population in world by 2007 as middle classes 'go mobile'

Data from the "Indian Mobile Market 2006" statistical handbook reveals that mobile ownership will pass 100 million in 2007 as 'the largest middle class in the world' takes up ownership. With 115.3 million forecasted mobile owners in 2007, India ranks 3rd in the world behind only China and the USA.

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Legal Aspects of Business by Akhileshwar Pathak

THOUGHT FOR THE DAY

Books

"Knowing I lov'd my books, he furnish'd me
From mine own library with volumes that
I prize above my dukedom."

- William Shakespeare

Topic of the Day

William McDougall

William McDougall (June 22, 1871 in Chadderton, Lancashire, England - November 28, 1938 Durham, U.S.) was an early twentieth century psychologist who spent the first part of his career in the UK and the latter part in the United States. He wrote a number of highly influential textbooks, and was particularly important in the development of the theory of instinct and of social psychology in the English-speaking world. He was an opponent of behaviourism and stands somewhat outside the mainstream of the development of Anglo-American psychological thought in the first half of the twentieth century; but his work was very well known and respected among lay people.
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SSecurities Valuation
Applications of Financial Modeling

THOUGHT FOR THE DAY

Achivement

"Education is not received. It is achived." - E.C. McKenzie
Topic of the Day

Voice of the Customer Investigation

Are your products focused on meeting customer needs rather than delivering the next great technology or good idea? Does your team understand what customers really want and not what you think they want? Are you able to identify the unstated or unspoken customer needs - unrecognized needs, needs not traditionally associated with your product, or needs that would provide an opportunity for excitement if addressed. Voice of the Customer (VOC) investigation goes to the source - the customer - to identify both the stated and unstated needs of the customer so that you can deliver a product that will provide superior value by addressing what is of priority to the customer.

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Structured credit products: credit derivatives & synthetic securitisation by Moorad Choudhry

THOUGHT FOR THE DAY

Dream

"All our dreams can come true, if we have the courage to pursue them" - Walt Disney

Topic of the Day

Wikimedia Foundation Inc.

The Wikimedia Foundation, Inc. is a non-profit charitable organization based in St. Petersburg, Florida, USA, and organized under the laws of the state of Florida. It operates several online collaborative projects including Wikipedia, Wiktionary, Wikiquote, Wikibooks (including Wikijunior), Wikisource, Wikimedia Commons, Wikispecies, Wikinews, Wikiversity, and Meta-Wiki.


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Never Bet the Farm: How Entrepreneurs Take Risks, Make Decisions - And How You Can, Too (Paperback) by Anthony Iaquinto (Author), Spinelli, Stephen Jr. (Author)

THOUGHT FOR THE DAY

Inspiration

"The greatest inspiration is often born of desperation." - Comer Cotrell

Topic of the Day

From marketing to meta marketing

Marketing is by its very nature an amorphous entity, in perpetual transition. It is at once a concept, an attitude of mind and a function. Its evolution can therefore be studied along three broad streams - as a practice, as a set of institutions and as a theoretical discipline. All three have been evolving steadily albeit not at the same rate. As a practice, it is elaborated as marketing management i.e., the set of decisions and activities commonly accepted as the province of the marketing manager.

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Structured credit products: credit derivatives & synthetic securitisation by Moorad Choudhry

THOUGHT FOR THE DAY

Business Quotes

"Don't worry about people stealing your ideas. If your ideas are any good you'll have to ram them down people's throats."

- Howard Aiken

Topic of the Day

Black swan theory

In Nassim Nicholas Taleb's definition, a black swan is a large-impact, hard-to-predict, and rare event beyond the realm of normal expectations. Taleb regards many scientific discoveries as black swans—"undirected" and unpredicted. He gives the September 11, 2001 attacks as an example of a Black Swan event.

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Group discussion on current topics by P.N. Joshi

THOUGHT FOR THE DAY

Business Quotes

"The greatest thing in life is to keep your mind young."

- Henry Ford

Topic of the Day

B-school will grow out of the classroom

Harvard Business School is celebrating its centenary by looking back at the years gone by and gearing up for future endeavours. A team of faculty members, led by Srikant Datar, senior associate dean and the Arthur Lowes Dickinson professor of business administration at Harvard University, discussed how the next 100 years of management education are going to look like. The team held discussions with deans from 30 of the world’s premier B-Schools, over 400 executives and conducted six detailed case studies which will be out in the form of a book by the end of next year.

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Customer relationship management by V. Venkata Ramana and G. Somayajulu

THOUGHT FOR THE DAY

Success

"If A is Success in life, then A equals x plus y plus z. Work is x; y is play; and z is keeping your mouth shut."

- Albert Einstein

Topic of the Day

Sunita Williams - new record

Indian-American astronaut Sunita Williams on Saturday made history, when she set a new record for the longest uninterrupted space flight by a woman.


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The Mba Jungle B School Survival Guide edited by Housman

THOUGHT FOR THE DAY

Welcome

"I welcome and seek your ideas, but do not bring me small ideas; bring me big ideas to match our future."

- Arnold Schwarzenegger

Topic of the Day

Herbert Alexander Simon

Herbert Alexander Simon (June 15, 1916 – February 9, 2001) was an American political scientist whose research ranged across the fields of cognitive psychology, computer science, public administration, economics, management, philosophy of science and sociology and was a professor, most notably, at Carnegie Mellon University. With almost a thousand, often very highly cited publications, he is one of the most influential social scientists of the 20th century

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Billions of Entrepreneurs: How China and India Are Reshaping Their Futures--and Yours by Tarun Khanna

THOUGHT FOR THE DAY

Vision

"It's better to look where you're going than to see where you've been."

- E. C. McKenzie

Topic of the Day

Steffi Graf (Tennis Player)

Steffi Graf was born on June 14, 1969 in Manhiem, West Germany. She is a former number one International tennis player. As a child, Steffi was introduced to the game and coached by her father Peter. As a young tennis player, Steffi won numerous juniors tournaments and in 1982, at the age of twelve, she won the European Championships. She then went on to play in her first professional tournament in October of 1982 in Filderstadt, Germany, where she lost.

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Cadbury's Bournvita Book of Knowledge

THOUGHT FOR THE DAY

Success

"You cannot fly like an eagle with the wings of a wren."

- William Henry Hudson

Topic of the Day

Thomas Young (scientist)

Thomas Young (June 13, 1773-May 10, 1829) was an English polymath, contributing to the scientific understanding of vision, light, solid mechanics, energy, physiology, and Egyptology.

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Never Bet the Farm

THOUGHT FOR THE DAY

Success

One never notices what has been done; one can only see what remains to be done.

- Marie Curie

Topic of the Day

George H. W. Bush

George Herbert Walker Bush (born June 12, 1924) was the forty-first President of the United States (1989–1993). Before his presidency, Bush held a multitude of political positions, including Vice President of the United States in the administration of Ronald Reagan (1981–1989).

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Windows Vista: The Missing Manual

THOUGHT FOR THE DAY

Ambition

"First say to yourself what you would be; and then do what you have to do."

- Epictetus

Topic of the Day

Nicholas Metropolis

Nicholas Constantine Metropolis (June 11, 1915 – October 17, 1999) was an Greek American mathematician, physicist, and computer scientist. Metropolis received his B.Sc. (1937) and Ph.D. (1941) degrees in experimental physics at the University of Chicago. Shortly afterwards, Robert Oppenheimer recruited him from Chicago, where he was at the time collaborating with Enrico Fermi and Edward Teller on the first nuclear reactors, to the Los Alamos National Laboratory.

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Windows Vista: The Missing Manual

THOUGHT FOR THE DAY

Faith

"Bill Gates is a very rich man today... and do you want to know why? The answer is one word: versions."

- Dave Barry

Topic of the Day

Rahul Bajaj

Rahul Bajaj is the Chairman of the Bajaj Group, which ranks among the top 10 business houses in India. The Bajaj Group has diversified interests ranging from automobiles, home appliances, lighting, iron and steel, insurance, travel and finance. Rahul Bajaj is one of India's most distinguished business leaders and internationally respected for his business acumen and entrepreneurial spirit
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Training In Interpersonal Skills bny Stephen P.Robbins

THOUGHT FOR THE DAY

Success

"It always seems impossible until its done."

- Nelson Mandela

Topic of the Day

Kiran Bedi

Kiran Bedi (Hindi:किरण बेदी) is an Indian police officer and is the first woman to join the Indian Police Service (IPS) in 1972. She was born on 9th June 1949 in Amritsar, Punjab state, India, and is one of the most celebrated and widely known police officers who ever served the Indian Police Force. Kiran Bedi is the second of the four daughters of her parents, Prakash Lal Peshawaria and Prem Lata Peshawaria.

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Sun Tzu: The Art of War for Managers; 50 Strategic Rules

THOUGHT FOR THE DAY

Peace

"Peace of mind is that mental condition in which you have accepted the worst."

- Lin Yutang

Topic of the Day

Mahesh Bhupathi

Mahesh Shrinivas Bhupathi (born June 7, 1974, Chennai, India) is a professional tennis player from India. He is married to Shvetha Jaishankar Bhupathi. He turned professional in 1995, and in 2001, he was awarded the Padma Shri. He currently resides in Bangalore and is among the best doubles tennis players in the world with 10 grand slam titles to his credit including mixed doubles. In 1997, he became the first Indian to win a Grand Slam tournament (with Rika Hiraki[1] in Mixed Doubles).

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Windows Vista Inside Out

THOUGHT FOR THE DAY

Invention

"Getting caught is the mother of invention."

- Robert Byrne

Topic of the Day

Regiomontanus

Johannes Müller von Königsberg (June 6, 1436 – July 6, 1476), known by his Latin pseudonym Regiomontanus, was an important German mathematician, astronomer and astrologer. He was born in the Franconian village of Unfinden near Königsberg, Bavaria (not to be confused with the famous East Prussian city of Königsberg (since 1945 Kaliningrad), nor with Königsberg in der Neumark (Chojna)).

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Building Brands in the Indian Market

THOUGHT FOR THE DAY

Strength

The illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn, unlearn, and relearn.

- Alvin Toffler

Topic of the Day

World Environment Day

World Environment Day (WED) was established by the United Nations General Assembly in 1972. WED is hosted every year by a different city and commemorated with an international exposition through the week of June 5. The United Nations Environment Programme (UNEP), also created in 1972, uses WED to stimulate awareness of the environment and enhance political attention and public action.

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Building Brands in the Indian Market

THOUGHT FOR THE DAY

Strength

"The man who is swimming against the stream knows the strength of it."

- Woodrow Wilson

Topic of the Day

Robert F. Furchgott

Robert F. Furchgott (born June 4, 1916 in Charleston, South Carolina) is a Nobel Prize-winning American biochemist.

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Digital Code of Life

THOUGHT FOR THE DAY

Truth

"When a thing is funny, search it carefully for a hidden truth."

- George Bernard Shaw

Topic of the Day

Robert Noyce

Robert Noyce, Ph.D. (December 12, 1927 – June 3, 1990), nicknamed "the Mayor of Silicon Valley", co-founded Fairchild Semiconductor in 1957 and Intel in 1968. He is also credited (along with Jack Kilby) with the invention of the integrated circuit or microchip although Kilby's invention was 6 months earlier.

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Digital Code of Life

THOUGHT FOR THE DAY

Value

Your true value depends entirely on what you are compared with.

- Bob Wells

Topic of the Day

Ilaiyaraaja

Ilaiyaraaja? (Tamil: இளையராஜா) (born June 2, 1943 as Gnanadesikan) is an Indian film composer, singer, and lyricist. He has composed over 4,000 songs and provided background music for more than 800 Indian films in various languages in a career spanning 30 years.[1][2] He is based in Chennai, India.

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Open Innovation by Henry Chesbrough