Written on 10:04 AM by nitesh
What should one do when in a situation one can't do anything except waiting for things to happen and expect best to happen. You all would say chill and relax ........ but what if the wait is traumatizing since long time and you fail in one and only few good things can happen i.e chances for success are diminishing slowly or I can say when one starts to loose faith in yourself, seeing that others are getting what they want and you are still left waiting , crying in heart feeling the itch and fearing for the future. Fear of failure starts to peep in.
Though there is saying in English all is well that ends well..... but what if you are
not a super strong person and wait is killing you.
What should you do?
I don't know what to do, I am eagerly waiting for the day when I will get what I want and hence a sound tension free sleep. I want my mind to be free from any tensions and fears, God give me strength and courage to come out of this phase, help me I have not done bad in this world. This wait is leading to me not able to concentrate on anything, not able to read and do other stuff what I want to do now.
Not even a single moment leave the day, hours aside, passes when I am not thinking about it in the back of my mind. And the pain increases when people you meet say ohh you will definitely get through (tera to hoh hi jayega), and when you fail you start questioning yourself.
This is frustrating.....
Life is not easy.....
Waiting for my moment of triumph
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Life
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Written on 10:26 AM by nitesh
Debate contest was held in my company's Toastmasters club and I won the second runners up prize :)
Background
The rupee’s appreciation against the US dollar is the latest economic challenge for India Inc.Normally currencies appreciate when economies are doing well and a rise in their value is a cause for celebration. It is an indicator of a booming economy with increasing international business.
Dollar is depreciating for various reasons and I don’t want to discuss the reasons, reality is it is depreciating and it is expected to depreciate further. This is not a new phenomena Japan dealt with it in 60’s when 1$ = 400 yen and it has tanked to 1$ = 100 yen so is the East Asian economies in 80’s and we have to tackle it now.
This phenomenon has mixed affects, some sectors are gaining and some are loosing. Textiles and the IT sector are the two sectors which are getting adversely affected.
IT firms are facing challenges because more than 70% of the revenues comes from US and wage costs are also increasing due to shortage of skilled and talented manpower
The situation has bring in new challenges for the IT companies, expected profit targets of almost all the companies have decreased in last quarter.
We are facing increasing competition from countries like china, Vietnam, Philippines, east European nations as they are providing options for cheaper outsourcing destinations. But still we are 10-15 years ahead of them and have advantage in terms of talented English speaking manpower.
There are fears that if recession really comes in US economy than the outsourcing work will lessen. Despite of all this factors still the Indian IT industry is gaining new heights, our exports touched 40$ billion dollar mark this year and we are expected to cross the 60$ billion dollar mark set for 2010 much earlier.
We cant sit on laurels and wait for things to happen itself, it is a challenging situation and we have to tackle it
Lets discuss some of the solutions
I have categorized solutions under three categories
Macro Level Solutions
These basically deal with what new things industry can do.
In my opinion we should follow the Explore – Innovate-Disseminate Approach
In explore
Look for new markets like European nations, Australia, South American nations which will lessen the dependency on USA. Companies are doing that already for TCS revenue from US is 52% for Satyam its 56%.We need to become truly multinational now.
We should also look for the Indian market which is expected to touch the 25 billion dollar mark by 2010.
Innovate
Time is now ripe to move up the value chain, we should now not work as mere vendors but as partners of companies. If Indians as a part of Silicon Valley make world beating products there why can’t we develop products here and earn a few dollars more by selling licenses.We should go for consulting, systems integration and other high end work.
Disseminate
We should market ourselves in first as a Cheap outsourcing destination in whole and also as separate companies stressing on our specializations their by making a brand. E.g. Satyam Fifa 2010 and 2014 sponsors and around 10-15% of its revenues is coming from Sports outsourcing work
Micro Level Solutions
What should be done internally in the company?
Reducing Costs but how some will say bring in more fresher’s sorry I don’t totally agree with it, if you plan to run the company with fresher’s than go for those projects which are not highly technical and don’t require in depth knowledge and experience otherwise it will in long run lead to losses.
- Stressing on code reusability,
- Trainings of employees be it technical or non technical
- Decentralizing the way of working which will make every employee feel honored about the company they are working in
- Employee should be always kept motivated and his proper care should be taken so that he is always charger up in his work.
- To cut the operating costs the companies need to move the low end work to tier-2 cities like Gandhi agar, Pune etc
- Hedging is a short term measure
Governmental MeasuresWhat can be expected from government?
This is the sector which put India on the global map and in 2009 tax benefits are to end so now the companies NASCOMM in particular should lobby with the government to remove the MAT ( minimum alternative tax)
There are lot of issues in making our currency either fixed like China or making it fully convertible like dollar so that is not an easy option.
Finally
The Indian IT sector is expected to show robust growth in 2008.
However the dollar will continue to depreciating because of recession fears in US and also fears of countries like China, Korea moving a chunk of their forex reserves from US to other economies like Europe and Japan. Indian IT companies will be able to come out of this challenge and will remain the most preferred destination for IT-ITes work.
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Toastmasters
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Written on 2:48 PM by nitesh
SPjain GMba interview , It was on 8th March
3 essays
Wrote one pathetically but other two were okay :)
GD: technology can solve all problems
gave 3-4 gud points overall a decent performance
Interview
2 persons
one lady one guy
G1= Tell me about yourself
me blah blah
G= Did you join any coaching
me = no coaching but test series
L= which other calls do u have
me = IIFT, IMT-G
L= what's your % this year
me 96
L= did you gave cat any other time
me= yes when in college
L: % that year
me= 91
L= only gain of 5%
me = competition has also increased :)
L= try next year for iims
me = loss of opportunity cost :)
L= If all three gets converted which one would u prefer
me = Gmba why because its giving me global exposure which is must nowadays
as a company needs to be multinational to grow , gave example from past when i
didnt join NIT-K but joined daiict
L: Your father is a professor tell me 2 qualities which you have learnt from him
me: patience and never say die attitude giving exapmples and resons
G: There is a one more guy from your company
me : yes i know him my company is small so I know almost everyone :)
L: So if there is one seat whom we should take you or him
me: this is a tricky question
L: yes it is :)
me: okay you should choose me as i am one year younger to him and have gained much more expereince and exposure that him in less time and some more points which i have forgotten
G: you mother is a MA -BEd why she is not teaching
me : :) she is more interested in bringing me and my sister up.
L: Why Product marketing but not services marketing as you are from service sector
me: there is not much different in the both , there are lot of IT companies which develops products as well and above all marketing a product require more creative skills, out of box thinking as you are introducing a new product you need to change/divert people attention/perception towards your product, I want to do this.
L: Newspaper
me : toi
L: what on current affairs should we ask
me: anything on sports
L: dont know about sports
me: on subprime or budget
L: I am a layman explain subprime crisis to me
me : explained it beautifully in 2-3 minutes
L: 3 major highlights of budget
me: defence allocation, 60K crore and tax slabs
both smiling you can go now
lasted for around 14-15 minutes
Cleared this stage and was called for director's interview
Director : Tell me about your work-ex
me : told him
D: why marketing
me: told him
any questions
yes something on scholarship, and when the course is starting
he gave me the answers
he was compiling the scores according to me , writing some comments on paper and scores of othes sub sections( gd etc)
then he put the paper on a stack ( there were two stacks of those paper i dont know where is mine gone ... )
Hoping for the best
Posted in
GD-PI
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Written on 6:21 PM by nitesh
IMT interview expereince
GD topic : initially we were given 2 topics we had to select the group quickly decided
"The future lies in globalization"
8 minutes - 15 speaker
was the 2nd speaker to speak gave some points it is good for all political , social economic and cultural benefits
came in 2-3 time in between
and gave a good point of GLOCOLIZE globalizing keeping our local values and ethos intact group appreaciated the point
summarized and wrote summary were given around 3 minutes to write , working on keyboard has slowed down my writing speed
Interview:
3 people
L1, P1 , P2
P2 : tell me something about yourself which is not in this from
me : some blah , but came to hobbies so he said its there tell me your strengths and weaknees
I said adaptability and team spirit
p2: what made you think you are adaptable
some bak bak and than gave example of rural internship in tejgarh
p2 now about team spirit
some bak bak and elaborated on work done during synapse
p1 difference between core2duo and dualcore . dont you think it is just a marketng gimmik
me : no not only marketing main difference is between processing power one is more powerful than other
and some thing about marketing also it is necessary
p1 difference between c and c++
me : gave the usual answer object oriented
p1 that we know explain as if you are explaining to a lehman
me okay explained using the example of room ... room is class chair table objects all
blah blah encapsulation etc
p1: any other language which is object oriented
me: java , it is used more as lots of guys are continuously enhancing it etc
p1 do you know about scandanavien community
me : no idea sir
p1 but you are ict engineer
me sorry sir no idea
p2 why mba
me goals etc
p1: out of the blue question ur hands are shivering are u nervous
me no sir these are not shivering just body language
p1: do you booze
me : yes
p1 : how often
me once a month
p1: no you are not telling the truth
me : smiling yes sir it is truth, last drank this date and the next one will hopefully in next month :)
p2: what did u eat last night
me : was not feeling well so had a light dinner
p2: have something offering biscuits
me : no thankyou sir
p1: again shocking me start taking bikasoul from now ownwards otherwise you will be facing serious music in near future ( he was smiling)
me : smiling what to say was thinking about the words serious music in near future
l3: what are u passionate about
me: sports
lot of bak bak following and playing something about blog also
all three smiling
thankyou
me smiling thankyou
lasted for around 14-15 minutes
was enjoying it :) specially the bikasoul part :)
hoping for the best rest is luck
Posted in
GD-PI
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Written on 6:11 PM by nitesh
Posting very late here at blog, posted in pagalguy
Profile :
X- 86%
XII- 89%
btech- 72%
wrk-ex - 19 months
GD topic : Increasing connectivity in social empowerment
There were 9 guys in total for the GD 2 were absent
Overall the discussion was healthy no fish market sort of
Initially 2 minutes for my turn -- since 3-4 guys already had explained what is social empowerment discussed education and gud gdp growth has made people ask questions, politicians are slowly becoming accountable
so went from rural india perspective women still not have their say increasing female foeticide , crime against women ,
Role of NGO's named few social workers medha partker and testa stelvad they have become the voice of people who are not socially empowered
blah blah about NREGA
Group Discussed -
From rural perspective
Urban perspective
blogging, media , tv , radio , movies RDB MBBS,
discussed a lot on NREGA and RTI
i chipped in sometimes with PIL , need to education the rural people specially about agri since lot of india is dependent on agriculture , role to be played by agri universities
group said a
lot about infrastructure ..... roads link whole india villages etc
role of radio in rural india , media etc
from global perspective some abt china, pakistan probs in iran etc australians abrogines etc
decent gd
PI
3 persons
one lady L1 and 2 guys
L1- what do u want to do in life
me- short term marketing bak bak
long term want to be generalist specialist
L1 interrupts generalist specialist seems to be a nice term explain it
explained it
L1 - give an example of such type of person
me - gave
L1 - what is a gud brand
me- the thing which when talked about hits ur mind the most
example of apple :)
L1- you have to market ur company how will u do it
me - mine is a small company so said
1. do gud work deliver on time the clients will give testimonials etc
2. CSR will raise the awaireness abt the company in society
3. media paper etc
L1 - okay
G1 - tell me gud and bad points of ur comapny
me - 3-4 gud points and 1 bad point
G2 - what are the clients of ur company
me - told the names
G2 - ur company have to set up an office in US what are the decisions u would take
me - we already have a sales office sir
G2 - what if it is the first one
me - it shld be nearest to the client like present one is at San Jose some bak bak
the talent should be there as , some of the employees should be hired from the place where u are setting up the office ( localy guys )
cheap resources etc
G1 - what is the revenue model of the company
me - bak bak most US and few from India
All smile and said okay u can go
no hobbies no sports no economics all general
it went hardly for 8-10 minutes
PI was mast GD decent
Fingers crossed :)
http://www.pagalguy.com/forum/other-exams-xat-fms-jmet/28329-iift-gd-pi-experiences-2008-a-19.html#post995257
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