Showing posts with label Great. Show all posts
Showing posts with label Great. Show all posts

Monday, 19 May 2014

365 Days @ Great Lakes Institute of Management, Gurgaon.



It took me forever on how to write this post. Should I start off like any other “typical” post about “The MBA/PGPM Life” or is there another way? In fact, that is what I learnt first here at Great Lakes. There is another way. All you need to do is stop “running” and enjoy the view because the picture you’ve wanted to paint all along is turning out to be better than expected.

I wish I could write this post on what to expect from joining the PGPM program at Great Lakes, Gurgaon but the truth is the unexpected that is only certainty, and trust me, that is a Great thing! I cannot do anything by agree with you when there were obvious apprehensions prior to the dawn of the program, leaving the professional world as we know it in hope of embarking on much challenging journeys in life through unchartered waters. Yes, I know that feeling because I was reading up on schools like you are right now. That feeling will soon put to bed once you realize that the friends you make here are going last a lifetime. Even more so because they made it in here just like you did and nobody can ever say that you have nothing in common.

The “Ice-breaker” trip we had to Rishikesh bought the mentality of all of us “being in this together” definitely made us work that way from that day on. Win or lose, we’d do it together (Especially the white water rafting). Either way we would end up indulging in multiple rounds of “bunta juices: A delicacy of the location” brought us only closer as a batch and nothing else.

Titans - Deepti Balakrishnan and me
I’m writing this post at the very end of my program here at Great Lakes. Well, almost. And looking back I really can’t understand where the time has gone. Yes, there have been a ton (quite literally) of trainings, classes, exams, late night study sessions, projects, more projects, and the always entertaining group assignments. Watch out! This is when the person you would’ve killed a thousand times over in your mind becomes a friend and you realize that you were judgmental. To anyone in any B-school past / present saying otherwise, trust me they’re trying really hard to be cool. To all the B-school grads that’re reading this, am I right? Or am I right?

Great Lakes, Gurgaon is known for two things in particular. First, we are the front runners in having in our curriculum two of the fastest growing industries in India, Energy and Big Data & Analytics. Much to my surprise, Big Data & Analytics isn’t just a mammoth sized file with a gazillion numbers but indeed is a thinking business. “Lateral thinking” methodologies are put to the test and whether we like it or not, all Great Lakers are Analytics minors at Gurgaon. And second, extraordinary faculty- Great Lakes has spared no cost in reeling in the best of teachers who not only cater to other premier schools in India but abroad as well. Having a global perspective of learning has only strengthened the meaning of our motto “Global mindset. Indian roots”.

While I could give a run-down of the academic portion, projects and lecturers of the program it’s also important to describe another critical aspect of the program and that is the out of class experiences that are critical to our development as business leaders in a culturally diverse world. Great Lakes, Gurgaon has a lot (And I mean “A LOT”) of Industrial speakers who take the time out from their busy schedules and meet with the student. “Wait a minute! Why?” you might probably wonder but I believe them to be the links between what we do in class and what the world out there really runs on. While our “live-projects” and Empirical research projects also gives us such insights, the sheer quantum of knowledge that is shared in these sessions can be compared to none. Uncle Bala calls it “Experiential Learning and insights”. We couldn’t agree more.

L-R : Yogesh and Srinivas @ Great Lakes, Chennai Campus
I was among the lucky three to visit the Chennai campus for three days. Although both campuses are identical in academics and most events are replicated across locations, the student life is completely different. To put it in a nutshell: “In Chennai, I know more people. In Gurgaon, I know more people”.
Let me shed some light on the activities. While some enjoy swimming or working out when we find the time to, there are some who diligently play every day. Yes, every day. You learn how to manage your time better. I would be lying if I told you I was them though but hey! I like to eat the sheek kebab rolls sold next door. That’s some exercise too. Haha!

“Be an opportunist” Uncle Bala’s words were taken a little too seriously. Be it indulge in going that extra mile to make things happen in college or quite literally “the extra mile” might just end up in Jaipur for a weekend at a classmates house. Either way, the fact that we’re a culturally diverse group and know very little about other cultures than our own, we’d have a blast. Yes, I am from Bangalore and the “sarso ka saag” is better than it sounds.

“The best year of your life” has long been associated with GLIM’s PGPM program. Having experienced it myself, calling it “the best year of my life” is merely an understatement for the lack of a better word. Never have I been exposed to such miscellany, where differences are celebrated and they blend perfectly to form a different kind of culture beyond religion, and other social nuances. A culture filled with humility, respect, and at the same time, courage and tenacity to take on the world.

It has been an honor and I hope my this post has been helpful. From the corner table of the classroom, Yogesh Babu, signing out.

Tuesday, 11 March 2014

Dr. Manmohan Singh. As we know him


Dr. Manmohan Singh, is one of the most brilliant leaders in the world and is well regarded for his academic work and for his quiet,down-to-earth personality….both traits which are quite rare among politicians. He has been Prime Minister since 2004, having just started his 2nd five-year term in this position in 2009, but he was a busy boy long before that.  An economist by training, Singh previously held many influential posts in India, including: the Governor of the Reserve Bank of India (1982-85), the Deputy Chairman of the Planning Commission of India (1985-87) and most importantly the Finance Minister of India (1991-96).  His stint as Finance Minister should be further explained:

For most of its modern history since independence in 1947, India has followed a government-heavy-handed approach to regulating and controlling the economy…you know, its called socialism. Now, it was never full-on communism like the Chinese model, but the Indian state did produce a massive, bloated bureaucracy in order to outright control some sectors of the economy, protect other sectors from competition, and in general regulate the hell out of everything else. All this was done to redistribute some of the resources of the state via services like education, infrastructure, and employment in general. After decades of stagnation and inefficiency, in 1991 India put into play a crucial reform package which restructured the entire government/economy relationship…resulting in tons of privatization, slashing of bureaucratic red tape, and promotion of entrepreneurship. All this set India on a path for sustained economic growth and true integration into the global economy, for the first time ever!

In other words, India started the conversion from a heavy socialist state to one based more on capitalist principles of free trade and less governmental control. This move resulted in decreased regulation and inefficiencies, an increased tax base, increased job creation, and increased foreign investments. Wow! Who was the genius that thought all that up? The main brain behind this plan in the early 1990’s was our main man Dr. Manmohan Singh…hey, wait a minute! I know that dude! He is currently the Prime Minister, isn’t he?  You know this!

And Prime Minister Singh continued these same successful economic reforms in first term, largely focusing on reducing government fiscal deficit, providing debt relief to poor farmers and advancing pro-industry economic and tax policies. The result: he has presided over a period where the Indian economy has swelled by an average annual 8?9% economic growth rate for a decade. That is huge! Singh has been a big force behind the country’s successful economic conversion, and people in India know this…and now so do you! With economic power comes global attention and importance, which India is continuing to gain year after year….

But Singh is a playa’ outside India too. As leader of India, Singh oversees the absolute largest multi-ethnic, multi-linguistic, multi-religious full-fledged democracy on earth! A model for the entire planet! And India is the 2nd most populous country on the planet with 1.3 billion citizens (and it is soon to take the pop top slot from China), so being in charge of 20% of humanity is kind of an important position in its own right. India also is a large contributor of troops to the United Nations, and increasingly has a voice in how those troops are used. In fact, look for Dr. Singh to push very hard for India to be given a position on the UN Permanent Security Council…a spot that I am predicting he will actually soon get.

Add to that the fact that India is a declared nuclear power, has an advanced space program, has the largest and most advanced military in the region, and is even acquiring an aircraft carrier! These guys got game! You should always know who is in charge of India, and for now that is Singh! His disposition is for peaceful resolution of regional and global problems (much like Gandhi), so he is a hugely stabilizing force in a otherwise chaotic area (i.e. problems in Pakistan, Afghanistan, Burma, etc). Singh has also committed his country in joining the US-led global War on Terror. Yep. That’s right. Singh and Uncle Sam on the same team.

You Americans should really get to know this guy better too…because he is increasingly one of your best-est buddies on the planet! Say what? You heard me. Under Singh, the US/India relationship has been blossoming like never before! It really started when former US President Bush helped broker a deal with Singh which will be providing fuel and technology to India in order to help build their nuclear energy industry. With the opening of the Indian economy, we are now seeing all kinds of business, technological, political, and even military ties quickly forming between these two giants.

More importantly, this starts the solidification of a new era of US/India foreign policy, which serves to pull Prime Minister Singh and all of India distinctly into the ‘Team West’ camp on a variety of global issues. Namely, India is now firmly on-board the ‘Team West’ train in being a democracy, being a capitalist economy, being a big advocate of human rights and individual liberties, being a member of the ‘War on Terrorism’.

And India will certainly benefit by this new stronger alliance as well. Look for current President Obama and all others after him, to increase visitation, aid, and military intelligence with Singh.  But Singh ain’t no lap-dog: India will be maintaining its independent leadership role in the region, and the world. That’s why its important to watch this guy and see what he is up to all the time. His opinion, his voice, and his country all increasingly affect how events are unfolding in today’s world.

Cheers!
Yogesh Babu
(www.fb.com/yogesh87)

Friday, 21 February 2014

Crack the GD @ Great Lakes Institute of Management

While I can give you a run down of all the topics for a group discussion, in all probability, none of them might be asked.

So this is what I am going to do. Following are the tips that I think you need to crack the group discussion @ Great Lakes Institute of Management.

First, take a note pad. It is very likely that you will try and remember all the points from everyone in the room but guess what! you're wrong about your memory. You have been given a set time slot so that you "break under pressure". Having a notepad helps. Write down all the points and always refer to the person who mentioned the point in the first place. I know you are a nice guy. This allows the coordinator know as well.

Second, listen to the topic VERY carefully. If you need any clarifications about the topic, ask for it at the very beginning. Think about it. How would it be if I ask you your name after speaking to you for 20 minutes. Exactly!

Its not even funny to know how many times someone clarifies the topic in the middle of the GD. Yes, the topics can be unclear at times and may lead you away from what is asked. Do not fall for it.

Third, answer what is asked. Nobody wants to know about your fairy tale life. Get to what needs to be answered ASAP. "Uhhh!! I think..." is a BIG NO for a start to your opinion.

Start by writing (on your notepad) what the topic is asking you in your own words.Once you've done that, you are going to sail smoothly from then on. Coordinators always give brownie points to the person who has the ability to simplify the problem.

Fourth, recall why you are there in the first place. You want an PGPM/ PGDM. Look at the problem from a macro level. Don't cling on to trivial points.

Also, adapt if you are proven wrong. Learn to look at it from a different perspective. It always helps. If you have made an absurd judgement, correct it. It shows integrity. Do not love your opinions, you'll be shooting yourself in the foot.

L-R - Rithvik, Yogesh and Ranjith

Fifth, you do not have to dive-in to start. For some of them, it comes naturally, let them do it. There is a fine line between being pro-active and looking like an "enthu-cutlet" (Bangalore lingo for a hyper active person a.k.a idiot).

Unless absolutely necessary, I would not dive in because I tried it once and I realised that all the people who give you gyan that it is awesome to start, they do not know you like you know yourself. If that isn't your forte, you dont want to test it on a day you'd be judged for it. FACT!

Sixth, do not Bullshit. Speak facts and figures only if you know it. Yes, you need to know current affairs that you may have to relate for two reasons. One, you are eager to know whats happening around. And two, you are disciplined (There is thesis to prove this point but truthfully, I know you don't care. haha)

Seventh, do not interrupt someone when they're making their point. It is easily one of the worst things you can do in a GD. Although having said that to a billion people, nobody seems to bother. So I'd suggest you intervene and say "Please, lets hear his/her point out... blah blah.." IT WORKS LIKE A CHARM.

Eight, always summarize. PERIOD.

Hope this helps. All the best!

Cheers!
-Yogesh Babu
(www.fb.com/yogesh87)

Tuesday, 18 February 2014

Tips to crack an interview @ Great Lakes Institute of Management

I've been getting a lot of calls for this topic. So here goes.

Tips that I think you need to crack the interview @ Great Lakes Institute of Management.

First, be yourself. Interviewers have the experience to see right through you. Don't try to be someone you are not. If you are from a remote region of the country and you did your under-graduation in the UK, you cannot say "I have been raised in the UK". That is just stupid.

The reason I put this as Point #1 is because it is that important. You must have come across the phrase, "a person takes less than 10 seconds to judge you." Its famous for a reason. You do not want to mess it up with your accent training sessions from the office you have worked with earlier.

Second, don't beat around the bush. Interviewers HATE and I mean HATE it people beat around the bush to answer a question. If you are unsure about the answer, say that you are unsure about what you are going to say. If do not know the answer, just say that you do not know the answer and move on. (It worked for me).

On speaking with the professor who interviewed me. He said that he appreciated the fact that I was honest so he gave me a few brownie points for it. However, do not say it more than once. You better be prepared with data. And by data I mean HARD FACTS.

Third, aim for the moon but don't come across like you're arrogant. You are a dreamer, a leader and you will make it in life. You know it and that is a fantastic thing. However, do not come across like you have a billion options which undermines the purpose of your PGPM. Humility is key. Heavy headed people come across and arrogant not assertive. So be mindful when you speak.

Remember, you are not on the other side of the table. If you were, would you take a student like you? Answer that over and over to yourself. And when you reach a "yes" after consulting with your peers, you're ready.

Fourth, be prepared. Always come across as you want it. People who do not prepare enough about the course or college or alumni or anything related to Great Lakes come across as uninterested. You do not want that.

How is this course going to make you who you want to be? Make sure you record your answer to know where you stand. You will be shocked, trust me.

I'm the fifth one from the left
Fifth, know what you want. Not only do you need to know what you want as your short term and long term goals but also know what specialization you want and why? A clear thought process is what I think is necessary. If the interviewer prompts you for other options, tell that you are open to considering other options after getting more details about them and whether it helps you achieve your eventual goal (Atleast speak like you know it)

Sixth, learn to answer the most important question. "Why... ?". You will not believe the number of people who choke with this question. More often than not, interviewers will not ask you this directly, it will be implied. You need to "be in the conversation" to know when that happens. And when it does, be sure to "imply" that you got what they're asking while answering the question.

Its obvious that you need to know why. If you answer is going to stop at "Better job prospects / Return on investment" and their likes. Make sure you go to the nearest Shawarma roll joint and buy yourself seventeen rolls to "feed your sorrows" because those are the worst possible answers you come up with. (There are worse, I'm just trying to be dramatic)

Seventh, take some time off before you answer. I call it the DEAL MAKER. I do not speak for any other college when I say this but at Great Lakes, professors want thinkers. Not some nerd who has been getting straight A's right from school or got a 99 percentile in CAT or XAT. So pause, think, gather information from the interviewer to answer their question, only then answer. If you were the champ of Bournvita Quiz contest in school where you knew the answer before the complete question was told, good luck. This is for those who are normal.

The approach to the answer is as important as the answer itself. And sometimes, even more important than the answer. If you can come across as a thinker and an innovator with your answers, you by default are malleable, which is what Great Lakes looks for in students as they want to learn newer ways.

Eighth, don't get too worked up. Its not worth it. Why? because if you are worked up, all you are going to do apart from perspiring like you were in the "sauna" with a suit is stammer, choke and most importantly, come across as anything but confident.

Take a deep breath. Have a sip of water when you get stuck. And tell your brain that you can do this. You shall pass. (Drama is back)

And Finally, never prepare on the day before the interview (Works for me). Last minute preparation is a BIG NO. While it works for some, it doesn't for many. I always stop my preparation atleast a day before the interview because I want to get my rest or cool off before I face the music.

What do I do? I usually catch a movie or go out for dinner the night before. I would suggest you not to drink because it's very unlikely that you will stop when you need to and end up having a hangover in the interview room. Not sure if you want to look wasted. Save the party for the day of the interview where your emotions about the interview would be the actual truth. haha.

Hope this helps. All the best!

Cheers!
-Yogesh Babu
(www.fb.com/yogesh87)

Thursday, 6 February 2014

Satya Nadell's first letter to the employees of Microsoft as CEO.


Today is a very humbling day for me. It reminds me of my very first day at Microsoft, 22 years ago. Like you, I had a choice about where to come to work. I came here because I believed Microsoft was the best company in the world. I saw then how clearly we empower people to do magical things with our creations and ultimately make the world a better place. I knew there was no better company to join if I wanted to make a difference. This is the very same inspiration that continues to drive me today.
It is an incredible honor for me to lead and serve this great company of ours. Steve and Bill have taken it from an idea to one of the greatest and most universally admired companies in the world. I've been fortunate to work closely with both Bill and Steve in my different roles at Microsoft, and as I step in as CEO, I've asked Bill to devote additional time to the company, focused on technology and products. I'm also looking forward to working with John Thompson as our new Chairman of the Board.
While we have seen great success, we are hungry to do more. Our industry does not respect tradition - it only respects innovation. This is a critical time for the industry and for Microsoft. Make no mistake, we are headed for greater places - as technology evolves and we evolve with and ahead of it. Our job is to ensure that Microsoft thrives in a mobile and cloud-first world.
As we start a new phase of our journey together, I wanted to share some background on myself and what inspires and motivates me.
Who am I?
I am 46. I've been married for 22 years and we have 3 kids. And like anyone else, a lot of what I do and how I think has been shaped by my family and my overall life experiences. Many who know me say I am also defined by my curiosity and thirst for learning. I buy more books than I can finish. I sign up for more online courses than I can complete. I fundamentally believe that if you are not learning new things, you stop doing great and useful things. So family, curiosity and hunger for knowledge all define me.
Why am I here?
I am here for the same reason I think most people join Microsoft - to change the world through technology that empowers people to do amazing things. I know it can sound hyperbolic - and yet it's true. We have done it, we're doing it today, and we are the team that will do it again.
I believe over the next decade computing will become even more ubiquitous and intelligence will become ambient. The coevolution of software and new hardware form factors will intermediate and digitize - many of the things we do and experience in business, life and our world. This will be made possible by an ever-growing network of connected devices, incredible computing capacity from the cloud, insights from big data, and intelligence from machine learning.
This is a software-powered world.
It will better connect us to our friends and families and help us see, express, and share our world in ways never before possible. It will enable businesses to engage customers in more meaningful ways.
I am here because we have unparalleled capability to make an impact.
Why are we here?
In our early history, our mission was about the PC on every desk and home, a goal we have mostly achieved in the developed world. Today we're focused on a broader range of devices. While the deal is not yet complete, we will welcome to our family Nokia devices and services and the new mobile capabilities they bring us.
As we look forward, we must zero in on what Microsoft can uniquely contribute to the world. The opportunity ahead will require us to reimagine a lot of what we have done in the past for a mobile and cloud-first world, and do new things.
We are the only ones who can harness the power of software and deliver it through devices and services that truly empower every individual and every organization. We are the only company with history and continued focus in building platforms and ecosystems that create broad opportunity.
Qi Lu captured it well in a recent meeting when he said that Microsoft uniquely empowers people to "do more." This doesn't mean that we need to do more things, but that the work we do empowers the world to do more of what they care about - get stuff done, have fun, communicate and accomplish great things. This is the core of who we are, and driving this core value in all that we do - be it the cloud or device experiences - is why we are here.
What do we do next?
To paraphrase a quote from Oscar Wilde - we need to believe in the impossible and remove the improbable.
This starts with clarity of purpose and sense of mission that will lead us to imagine the impossible and deliver it. We need to prioritize innovation that is centered on our core value of empowering users and organizations to "do more." We have picked a set of high-value activities as part of our One Microsoft strategy. And with every service and device launch going forward we need to bring more innovation to bear around these scenarios.
Next, every one of us needs to do our best work, lead and help drive cultural change. We sometimes underestimate what we each can do to make things happen and overestimate what others need to do to move us forward. We must change this.
Finally, I truly believe that each of us must find meaning in our work. The best work happens when you know that it's not just work, but something that will improve other people's lives. This is the opportunity that drives each of us at this company.
Many companies aspire to change the world. But very few have all the elements required: talent, resources, and perseverance. Microsoft has proven that it has all three in abundance. And as the new CEO, I can't ask for a better foundation.
Let's build on this foundation together.
Satya

-Yogesh Babu
(www.fb.com/yogesh87)

Saturday, 7 December 2013

Jaipur Calling when we were supposed to bestudying at The Great Lakes Institite of Management, Gurgaon

B-E-A-UTIFUL would be an understatement to my experience to the whole trip.

It was really hard to resist. Especially when Abhinav Mayaram's folks called us to the place Abhinav spent his whole childhood. I'm glad that I didn't say NO. I would've regretted one of the most amazing trips in my life.

Neither was the trip about sightseeing nor was it was about palaces. What it was about was the people. A whole Rajasthani/Himachali (if that is a word)/American family come together and welcoming Rithvik and I as family. It was a touching moment indeed.

It all began at 6am when we left Lodi Garden in Dilli. We thought we hit the traffic jam of the century. We reached jaipur at 3pm. You read it right. 3pm.

We went to Jaipur for an important occasion. We were there for the 9th Memorial of Anirudh Mayaram (Abhinav's brother)

In his memory, the Mayarams organise a basketball tournament in his school called "The Anirudh Mayaram Cup". Gaining popularity over the years, the competition has gained interest among many schools in and around Jaipur.

Friends, family and others. All came as one that one day. Cheered together and showed their support. The day ended well for the home team because they kicked ass. I mean, those guys were all over the place. Abhinav asked me “Do you remember when we could do all that?”. I said “No.”

Clockwise - L-R - Rithvik Reddy, Karishma Kashyap, Caroline Lobo, Abhinav Mayaram and Yogesh Babu
Later that evening we went to their farm house. Wow! What a beautiful place. It’s the first plot of land after past the border of the natural reserve. A lot more of people joined us and we (Rithvik and I) were told to be prepared for a feast. Trust me! They weren’t joking. It was a feast alright. Unlimited alcohol and meat, rich cultural foods… That kinda stuff.

We ate, we sand, we some more and we sand some more under the stars. Did’nt remember the last time I did that. To come to think of it, it was when I was at my cousin’s place in Kanchipuram when I was 10 years old. All went well and the evening ended in the wee hours of the morning.

We were all set to come back to Gurgaon (and college) the day after. Again, we hit the second traffic jam of the century. It took us ten hours to come from Jaipur to Gurgaon. It was another long night. Only difference was, we wanted this one to end.

Do I want to do it again? HELL YEAH! \m/

Cheers!
-Yogesh Babu
(www.fb.com/yogesh87)

Friday, 15 November 2013

Sachin retires at Eternity !!

For those who don't know yet, India is a country where men don’t age well. And we have one too many examples of them- starting with Rajinikanth ofcourse. Another true observation in that breed of people is Sachin Ramesh Tendulkar, a man who is, at 40 years and some 200 days, the oldest and most favored member of India’s cricket team.

Mr. Tendulkar a.k.a Sachin is the most celebrated cricketer India has ever seen; in fact, it would be entirely accurate to describe him as the most celebrated Indian, or even, with only a pinch of exaggeration, the most celebrated Indian since Mahatma Gandhi.

Sachin dominates India’s imagination even more than usual: Today, in his native Mumbai, he is begin playing his 200th "test match" (look up what a "test match is.) against West Indies, a once-mighty team now fallen on hard times. This is also be his last test match, for he will retire. 

"With the end near", the country is in the fevered throes of one last, mammoth celebration, but also  of mourning. India will say on the day Sachin hangs up his white cricket flannels: “The light has gone out of our lives and there is darkness everywhere.” (Quote- Nehru)

Taking whatever I have said into consideration, there is a remarkable unsentimental view of Sachin, which is that he should have retired two years ago (or earlier), that he has been pushing it far too long. 

But hey! We're Indian, The inherent human vanity of an authority reluctant to cede the public stage is reinforced by a culture of adulation, of shrieking, ululating crowds, of an uncritical elevation of heroes to godlike status by devotees who will not let go. In politics, in cinema, even in corporate business houses, old Indian men do not fade into the sunset. They totter on and on. And when they die (figure of speech. Before you stone me), they are “kept alive” by heirs who succeed them: sons, daughters, wives. Sport, by its very nature, is different, or so they say because imposed it laws of retirement have been defied by fans in the case of Sachin. After all, idolatry is an Indian art form. 

Sachin was remorselessly efficient in a team that was once chronically inefficiency; he was the best in the world when the world said India was "globally inferiority"; he was the picture of humility when all public figures want is a Page-3 photograph.

In purely sporting terms, however, he is second to only his old self, in which he shone as one of the finest players cricket has ever produced.

There is more: For a man who built his reputation not just on supreme batsmanship but also on his unwavering modesty, impeccable manners and an evident pleasure in being part of (and never greater than) the team on which he played, he has been relentless in pursuit of milestones. No cricketer has ever played 200 test matched before. And guess what? No other cricketer will. 

For all this a more, we are proud to have been alive to see this happen.

Sachin batted on for 24 years. And still counting. 



Dedicated to Prashanth Kumar. The biggest Sachin fan I have ever known. RIP.

-Yogesh Babu
(www.fb.com/yogesh87)

Thursday, 24 October 2013

Jargons in the life of an MBA grad




So here goes

Actionable (adj.): Capable of being acted on or completed in the near future. "Which items on our list are actionable in the next quarter?" I recommend showering after using this one. Note: "actionable" has a long-standing legal meaning different from the above.

At the end of the day: Based on the frequency with which they use the phrase, it would seem that members of senior management are required by law to begin every third sentence with "at the end of the day," a phrase similar in meaning to "when all is said and done." For instance, your favorite CEO might say, "At the end of the day, it's our people that make the difference." Insert platitude here.

Bandwidth (n.): Plan your work well lest ye run out of "bandwidth," or physical, mental or emotional capacity. Spake our friend Frank B. Kern, Internet Guru, "....I just don't have the bandwidth to handle this at the minute," meaning "I don't have the manpower or ability to handle this at the minute."

Best of breed (n. and adj.): The finest specimen or example to be found in a particular industry or market. Like Papillion’s preening for the judges, companies position themselves as best-of-breed. In truth, however, few ever make it through the qualifiers.

Best practices (n.): Another widely used term promulgated by the arch-demons of business - management consultants - "best practices" is used to describe the "best" techniques or methods in use in a company, field, or industry. Unfortunately, companies often confuse latest or trendiest with best, and the best practices of one era are soon superseded by the ever-more-ludicrous fads of the next.

Boil the ocean (v. phrase): Clearly the least efficient way to produce a pile of salt. If a member of the corporate pantheon suggests you are trying to "boil the ocean," he or she thinks you are doing something incredibly inefficiently. It's time to prepare your resume, Einstein.

Bring to the table (v. phrase): Refers to what one offers or provides, especially in negotiations. Personally, I bring a fork.

Business model (n.) : An amorphous term having to do with identifying the specific ways in which a business creates value, or simply put, how it sells stuff for more than it costs. I'll show you my business plan if you show me yours.

Buy-in (n.): A cute way of saying "agreement" or "consent." If you hope to get anything done in today's corporation, you'll need management buy-in.

Centers of excellence: Certainly beats centers of failure. Most companies have a nice set of both.

Circle back around (v.): A very roundabout (pardon the pun) way of saying "Let's regroup later to discuss."

Circle with (v.): Like its cousin "circle back around," it means "to meet and/or discuss with." Usage example: "Why don't you circle with Robert tomorrow to discuss the Ebbers case?" I can't help but envision two well-dressed exec types holding hands and madly circling around to the delight of everyone in their cubicle farm.

C-level (adj.): Those modest, hardworking souls at the top of your org chart: CEO, COO, CFO, CIO, CPO, CTO, Chief Dog Walker, etc.

Close the loop (v. phrase): To follow up on and/or close out an area of discussion. Closely related to "circle back around" and "loop in."

Commoditize (v.); commoditized (adj.): A great fear and apprehension in business is having your product or service become "commoditized," or turned into Just another Mediocre Piece of Junk (JAMPoJ to those in the know), completely undifferentiated from its peers.

Componentize (v.): Nigh unpronounceable, this gremlin means "to turn into a component." For what purpose will forever remain a mystery.

Core competencies (n.): Simply put, it means "what the company does best." When a company focuses on its core competencies, it gets back to basics. I recommend leveraging these.

Critical path (n.): A sequence of events where a slip in any one activity generates a slip in the overall schedule. Used extensively in the exciting world of project management. Not to be confused with "criminal path," which is a sequence of events that leads to jail, a la Andy Fas tow of Enron fame.

Cycles (n.): A reference to computer processing cycles, this one can be used interchangeably with bandwidth. Either way, it's a bad idea comparing yourself or another humanoid to an indefatigable machine. You'll lose.

Deliverables (n.): Denoting project output or assignments, "deliverables" are often "tasked" (see below), but seldom completed.

Descope (v.): Please see "scope"

Dial-in (v.): Despite the obvious reference to a telephone, this one means to "include." For example, "We need to dial-in the materials list."

Dialogue (v.): It's true that Shakespeare used "dialogue" as a verb ("Dost Dialogue with thy shadow?"). But I've got news for ya, buddy: You ain't no Shakespeare. Resist the temptation to use this utterly superfluous verb as a substitute for "talk" or "speak." Usage example: “Let’s dialogue telephonically via land line," meaning "call me at the office." Sigh.

Disintermediate: In the bleak days before the arrival of our savior, the Web, Big Tony used to claim that he had "eliminated the middleman to bring direct savings to you." Big Tony used a shotgun to eliminate ("disintermediate") intermediaries in the supply chain; today's companies use the Internet.

Disambiguate (v.): This mouthful began life in the exciting field of linguistics only to be co-opted by the high-tech business set. It means to settle on a single interpretation or meaning for a piece of data, or to bring meaning and order to ambiguity. Much like this Web site.

Disincent: The third member of the incent-incentivize-disincent axis of evil.

Drill-down (v.): To get down to the details. One starts at a "high-level" and "drills down" to the boring details - where executives fear to tread.

Drinking the Kool-Aid (v. phrase): A rather tasteless reference to the Jonestown massacre of 1978, "drink the Kool-Aid" means to accept something fully and (oftentimes) blindly.

Driver (n.): If you think this one has something to do with the people who drive trucks, you're wrong (but I still like you). It refers to the factors or agents that move something forward: "What are the key drivers of organizational change?"

Eat(ing) your own dog food (v. phrase): When your company starts using its own products internally and suddenly realizes why the rest of the world hates them so much.

Ecosystem (n.): Companies now longer participate in industries; they inhabit vast ecosystems comprised of consumers, partners, innocent bystanders, and, increasingly, competitors. The idea is to be at the center of your ecosystem, so integral to its operations that the actions of all other participants seem to benefit you as much as them (also see Network Effects). But remember to look out for lions.

Elevator story (n.): A pitch to a corporate executive or bored janitor, as the elevator goes from floors 1-10 and you have a captive audience. Also the name of an upcoming Tom Hanks movie.

Enabler (n.): Like your dysfunctional family, business is full of enablers - things that enable something else, often of a self-destructive nature. For instance, were you aware that "Total Facilities Management is a Core Business Enabler"? Weird, I wasn't either.

End-to-end (adj.): Seemingly naughty, this one means "complete, from the front-end (the end that faces the customer) to the back-end (your back office, which no one sees)." Try to avoid this one in mixed company.

Facetime (n.): A foreign concept to many of us in the Internet world, "facetime"refers to time spent speaking face to face, especially to senior management. For example, “I need to arrange some facetime with you next week.”

Feature/scope creep (n.) : The temptation to add more and more features to a product release until it becomes a confused mass of incongruous elements, twisted and evil.

Functionality (n.): Simply meaning "functions" or "features," this one has gained widespread 
currency.

Gain traction (v.): To gain momentum or acceptance. "Cisco's new routers are gaining traction in the marketplace."

Going forward (adv.): Meaning "in the future" or "from now on." For instance: "Going forward, we see our gross margins increasing as our new high-margin products gain traction."

Granular (adj.); granularity (n.): Getting down to the fine details, the nitty-gritty. Busy people might stop you mid-sentence if you get too granular. Like sand through an hourglass, these are the days of our lives.

Go-live (adj. and v.): A new product or system becomes available to the public on its "go-live" date. Presumably, the same product or system will "go-dead" soon thereafter.

Heads-up (n. sorta): "This is a heads-up" is a very American way of saying, "I'm telling you this now because xyz item is hurdling in your direction and you're going to need to do something or get out of the way." It's simultaneously a notice and a warning.

Helicopter view (n.): See "at 30,000 feet".

High-level (adj.): Senior executives, far-sighted individual with godlike abilities to see the big picture, want anything brought to their attention to be "high-level", that is, neatly summarized and dumbed down so they can understand all the techno mumbo jumbo.

Incent (v. tr.): A transitive verb meaning "encourage" or "influence": "The program was set up to incent users to spend more." Also the leading member of the incent-incentivize-disincent axis of evil.

Incentivize (v. tr): The second member of the incent-incentivize-disincent axis of evil.

Instantiate (v.): The unholy offspring of "instant" and "substantiate," "instantiate" means to verify or document an instance of a particular behavior or issue.

Leapfrog (v.): To surpass your competition, usually by engaging in one gigantic, hopelessly ambitious leap of faith that is almost sure to end in ruin and despair. Bring a parachute, golden or other.

Learnings (n.): Word favored by consultant-types meaning "something learned." Apparently, "lesson" wouldn't do despite 500 years of continuous use in the English language.

Leverage (v. tr): The grand pappy of nouns turned verbs, "leverage" is used indiscriminately to describe how a resource can be applied to a particular environment or situation. "We intend to leverage our investment in IT infrastructure across our business units to drive profits."

Level set (v.): To get everyone on the same page, singing from the same choir sheet, etc. Why neither of these tired, but well-understood perennials is good enough is beyond me. I guess "level set" just has that I-am-slightly-smarter-than-you-all ring to it.

Long-pole item (n.): Those of you who enjoy the occasional camping trip may recognize the provenance of this one: The long pole holds up the center of the tent and is therefore the most essential structural item. Likewise, a "long-pole item" is the most essential element of a system or plan, upon which all other elements depend. A linchpin, as it was.

Loop in (v.); keep in the loop (v. phrase): Used by loopy people who mean to say, "to keep apprised."

Low-hanging fruit (n.): The easy pickings, the obvious steps that an organization should take to improve its performance or take advantage of new opportunities.

Mindshare (n.): Sorta like "market share," but without the revenue and sounding a whole lot creepier. Don't use this one around Vulcans.

Mission-critical (adj.): Meaning "critical to the functioning or success of a business or project," this one is generally used in reference in insanely expensive computer hardware that should be bulletproof, but, alas, is not.

Modularize (v.) : To turn into a training module. Say, you start off with a simple piece of information that anyone with a 6th grade education and a quartet of functioning brain cells would instantly grasp. To justify your position as a highly paid corporate trainer, you might try to veil this information in a cloak of incomprehensibility, rendering the straightforward a smelly pile of jargonous bile. Indeed, the information has been modularized.

Monetize (v.): The noble mission of Web slingers everywhere: figuring out how to make money off each page view, visitor (eyeballs), or anything else. If you work at an Internet company, you've used this term... don't lie. Hell, even I've used this term.

Next steps (n.): "Next steps" are the tasks delegated to attendees at the close of a meeting. Next steps often result in deliverables. I believe "next steps" and "action items" are synonymous. Do humanity a favor and avoid both.

Net-Net (n.): The end result, the bottom line, etc. ad infinitum, ad nauseam. "Net-net, we're still ahead."

Network effects (n.): A wonderfully prosaic term from economics describing how some products or services become more useful as the number of users rises. Online auctions (eBay), operating systems (Windows), and social networks (Facebook) are three oft-used examples.

Offline (adv.): "Let's discuss this offline." Euphemism frequently uttered in long office meetings meaning: "Let's discuss this later in private because you're way off topic again, idiot."

Operationalize (v.): A horribly polysyllabic way of saying "carry out" or (gasp) "do." Oh, the humanity!

Out of pocket (adj.): Out of touch or out of the office for a few days.

Paradigm [shift] (n.): Paradigm is an extra fancy word for "model." A paradigm shift means moving from one model to a new one, generally in a grand, expensive, and ultimately disastrous manner. If I had a pair of dimes for every time I've heard this one...

Peel the onion (v. phrase): To conduct a layer-by-layer analysis of a complex problem and in the process, reduce yourself to tears.

Performance management (n.): A euphemistic way of saying to micro-manage, berate, motivate, psychologically manipulate, threaten, and then fire someone.

Ping (v.): A "repurposed" UNIX command meaning to send a message to another computer and wait for acknowledgment, ping means to follow up with someone via email on an urgent, but arcane matter and wait interminably for a reply. "I'll ping Henry on the Ewok matter."

Proactive (adj.): The modern-day antonym of "reactive." Rumor has it that this gem was created in the 1970s out of the parts of lesser words.

Productize (v.): A fugly word meaning "turn into a product." Why should software vendors offer free technical support when desperate users will pay $3 a minute for help?

Programmatically (adv.): If your people are too daft to do something correctly, maybe you should look to software programs to automate the task. If you follow this approach, you are completing the task "programmatically." Ugh.

Pushback (n.): If you have a lot of sound, logical ideas, you're bound to run into a lot of resistance in today's surreal corporations. This resistance, often polite but always absurd, is euphemistically called "pushback." Try not to take it personally: you're dealing with the insane.

Quick win (n.): Everyone in business is always looking for "quick wins," small steps or initiatives that will produce immediate, positive results.

Ramp up (v.); Ramp-up (n.): To increase over time. "We intend to ramp up production in anticipation of holiday demand." Just try not to cramp up.

Reach out (v.): To call or email. For this one, we can blame those old AT&T ads that encouraged folks to "reach out and touch someone." Obviously, you can't actually reach out and TOUCH anyone due to your company's stringent sexual-harassment policy. But you can "reach out" (but, again, no touching) to a co-worker for information, support, or to start one of those crucial conversations. But keep any interaction to a phone call or email just to be on the safe side.

Real-time (adj.): Everyone probably has an intuitive understanding of what is meant by "real-time," but that hasn't stopped many companies and consultants from using the term to describe a quixotic concept whereby a company's data is always up-to-date and available to whomever needs it, whenever they need it.

Repurpose (v.): To take a process or system designed for one task and use it for another -- usually in way unforeseen by its creators. In the fast-moving Internet economy, repurposing has become a viable substitute for true innovation.

Robust (adj.): Typically used in reference to software, this classic means "not buggy and not a huge waste of resources." Or more precisely, something that works well even under extreme conditions.

Roll out (v.); Roll-out (n.): Companies are constantly introducing new products and services that you don't want or need. The elaborate process of introducing something new is a "roll-out." The verb form is used thusly: "We rolled this piece of crap out to the curbside."

Rough order of magnitude (n.): Fancy way of saying "to make a wild (ass) guess."

Scalable (adj.): Describes how flexible a system is in response to increases in scale (number of users, hits, etc.). It might also have something to do with mountain climbing.

Scope (v.): To set the scope of a product, i.e. to determine what "functionality" will be included. After products are "scoped," they are invariably "descoped" as reality reasserts itself.

Seamless (adj.): The holy grail with ERP and other complex systems is to produce a "seamless end-to-end solution." The seams are the bottomless pits of hell into which your data falls when transferred from one end of the solution to the other. See also the entries for "end-to-end" and "solution."

Skip-level (n.): A meeting where big-shot execs ignore the normal corporate hierarchy, jump down a level or two, and slum it with the plebs.

Socialize (v.): To share a document or plan within an organization, in the vain hope of getting actionable feedback from your "peers." Also, the act of taking Fido to the park to get him used to other dogs.

Solution (n.): Companies no longer sell products or services; they sell "solutions," which are products or services, but more expensive.

Soup to nuts (adj.): To build every aspect of something from beginning to end. An integrated approach. Oh, the hubris of it all.

Space (n.): The final frontier? Are you daft? No, just the niche or market segment your company currently inhabits or hopes to enter. Or, as your CEO might put it, "How can we leverage our core competencies to enter the web-services space?"

Special sauce / Secret sauce (n.): We can thank McDonald's for this one. It's used to refer to anything proprietary.

Surface (v.): While many of our more jargon-illiterate readers might envision submarines upon first hearing this word, it is used by management professionals as a synonym of "raise," as in "raise concerns." For instance: "I think we need to surface those issues before the product is launched."

Synergy (n.); Synergize (v.): The (often illusory) value gained by combining two or more companies or divisions. Also known as "economies of scope" and "corporate merger BS."

Takeaway (n.): The essential points of a presentation, activity, etc. that the author hopes you will "take away." Also has something to do with food in the Queen's English.

Take to the next level (v. phrase): I used to know a guy with a Level 20 Wizard. But seriously, this means to move a product, service, or organization from its current level of dysfunction to the next level of dysfunction.

Task (v. tr.): Yet another noun turned verb, this one means "to assign." Now go task someone with some deliverables.

30,000 feet, at: A high-level view or explanation. Please keep in mind that oxygen is in short supply at this altitude, so you may experience lightheadedness.

Touch base (v.): A naughty sounding gem, "to touch base" is simply a request to meet again to discuss the current status of a project or task. "Rebecca, I would like to touch base with you later to discuss the Smith account." You gotta think this one leads to a lot of lawsuits...

Traction (n.): Something you should be trying to gain right now. See "Gain Traction"

Turnkey solution (n.): Wouldn't it be great if you could buy a complex system or piece of software, plug it in, flip a switch and be off and running? Oh poor Odysseus, you have once again been beguiled by the IT sirens' song. Keep dreaming.

Value-add (n.): What's the point? No, really, that's what it means.

Value chain (n.): As I find it impossible to define "value chain" without sullying myself with the very thing that I abhor most (jargon, for those of you keeping score), I've chosen to "borrow" from another site a definition so preposterous that I just had to include it: "a business methodology that helps companies manage marketplace variability and complexity, and align company strategies with execution processes." Thanks for clarifying!

Value proposition (n.): The unique set of benefits that you offer to customers to sucker them into buying your product or service. Sometimes shortened to "value prop," as in "What's your value prop?" Word.

Wet signature (n.): I'm not sure I want to touch this one, but apparently this means a human signature, as opposed to an electronic one. I mean, do you plebs still sign stuff?

Wetware (n.): You, me, your grandma, everyone (assuming you're a carbon-based life form). That is, a human-based solution, as opposed to a hardware, or silicon-based, solution.

Win-Win: It's a win for us; it's a win for them. Everyone's happy and drinking the Kool-Aid.

World-class (adj.): Means you're best in class, a benchmark. If your product, service or solution ain't world-class, you might as well close up shop and go home. Luckily, everything at your corporation is either world-class now, or will be by next quarter. Or at least that's what management's been telling everyone.



Cheers!

-Yogesh Babu
(www.fb.com/yogesh87)