B-schools based in the US use a unique self-selecting mechanism to filter out applicants who might be a bad fit for a management job. This they achieve by making the application process more complicated, but in a way that the kind of people they hope to attract find it simple. Let me explain. Like most [...]
Sometime last week, the wife wanted to know more about management consulting, and I was trying to explain to her the kind of work that consulting firms do. I told her that the two most important skills to have in order to be a successful consultant are structured thinking and people skills, and in order [...]
We Indians have a “home food” culture. Most people consider it immoral and “bad” to eat out, and more so to eat out on a regular basis. People who don’t cook food at home are termed as being lazy. I remember this story I’d read in Tinkle back when I was a kid. It was [...]
Half an hour back, I moved from my room/office to the hall to catch what I thought will be five minutes of Big Bash (Australia’s version of the IPL). I ended up staying there for half an hour. I don’t know if the quality of cricket was decidedly superior to that of the IPL, a [...]
Two of the four full-time jobs that I’ve done have been “offshored”. They’ve both involved working for the Bangalore office of American firms, with both jobs having been described as being “front end” and “high quality”, while in both cases it became clear in the course of time that it was anything but front end, [...]
I have been drinking coffee for as long as I can remember. Maybe I started drinking at the age of three. Maybe even earlier, maybe later. But I clearly remember that back when I still had half-day school (i.e. kindergarten), after my afternoon siesta, I would sit down with my grandmother (another major coffee drinker) [...]
About five years back, I spent a brief period of time working for a management consulting company. Back then, we had been told that “retail” was “big” – if not in anything else, because it was potentially going to bring a great deal of consulting business to my firm. There was a partner or two [...]
The more I think about it, the more I’m convinced that travel agents perform a very similar role to investment bankers. In the olden days, not everyone had access to financial markets. In order to buy or sell stocks, one had to go through a brokerage company, who would be paid a hefty commission for [...]
When we talk about the global financial crisis, one question that pops up in lots of people’s heads is about where the money went. Since every trade involves two parties, it is argued that every loser has a corresponding winner, and that most commentary about the global financial crisis (of 2008) doesn’t talk about these [...]
Every time we clean up our house, which is quite frequent I must say, there is a bunch of stuff that we want to throw or give away. Being rational beings, each time we look to maximize the returns we get out of whatever we don’t need, and hence go around looking for people who [...]
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