4 Cars in 5 years and yet not satisfied…

Growing up I never thought I will even have a car. We never owned one in our family. My dad has motorcycle. I bought one when I started working, I had Hero Honda.:) It was fun driving it.

Then I moved to US in 2001 and I wanted to buy the best car I could, the one I dreamed when I was a kid. A Beamer.:) So I bought BMW 325i. I wanted a GPS system in the car and there were not many so I had to choose the one with steel blue metalic color. I did not like the color that much but the car was great. Just loved it..

Then in 2003 I needed some money and had to sell my Beamer and buy another car. This time I choose Ford Mustang..:) I liked Mustang’s. I had driven them before. It was coupe. Really uncomfortable for 4 people to sit but good for me and Swati. We went on long drives in our Mustang.

In 2004 Swati started working so we bought another one. We wanted to buy a car/suv with lot of space… So we bought Toyota highlander. It is a great utility vehicle, Has lot of space. Very comfortable. Again we used it for lot of long drives.

This weekend we traded our Mustang for Toyota carola. I don’t like Carola that much. But we wanted to buy something that gave us good fuel economy. Carola is good for that. So here it is…

But after 4 cars in 5 years I am still not satisfied. I want to buy a convertible. Maybe next time.. Till then Enjoy.

How is business done?

I got this today in email.:)

—————————————————————-

Father : I want you to marry a girl of my choice
Son : “I will choose my own bride!”
*Father: “But the girl is Bill Gates’s daughter.”
*Son : “Well, in that case…ok”

*Next Father approaches Bill Gates.
*Father: “I have a husband for your daughter.”
*Bill Gates: “But my daughter is too young to marry!”
*Father: “But this young man is a vice-president of theWorld Bank.”
*Bill Gates: “Ah, in that case…ok”

*Finally Father goes to see the president of the WorldBank.
*Father: “I have a young man to be recommended as avice-president.”
*President: “But I already have more vice- presidentsthan I need!”
*Father: “But this young man is Bill Gates’sson-in-law.”
*President: “Ah, in that case…ok”

*This is how business is done!! *

Communication in Crisis

In last 3-4 weeks I have heard/read a lot about importance of effective communication in crisis situation. Leadership is crisis is a different ball game all together. So here is what should be done.
1. Show your commitment as management
2. Show your resolve to handle the crisis
3. Show Efficacy
4. Maintain credibility
5. Show your responsibility towared the community.

One crisis situation that happened is with company called AWID. News broke that AWID RFID readers were not FCC compliant. This is a big thing. You are breaking law here by not following FCC requirements. I think the management at AWID has really managed the situation well.
1. They immediately replaced the CEO
2. Management acknowledged the problem and stopped all sales
3. Within 2 weeks they came back and lifted self imposed ban on few products which did not have issues
4. They gave commitment that they will look into other issues.

I think they have done a good job. Lets see how market reacts to all this.

Assignments upto Summer 06

    May 15 – Finance

    Read Ch 13: 13.1-13.9; Ch 15: 15.1-15.4 until page 419

    May 17 – Presentation Skills assignment

    Assignment: Business Speaking Basics presentation – upload by 6 PM

    May 18 – Presentation Skills

    May 22 – Finance

    Read Ch 15: 15.5-15.6 until page 427; Ch 16: 16.1-16.5, 16.10-16.11

    Assignment: American Home Products Case

    Turn in Mid-Term

    May 25 – Finance

    Read Ch 17: 17.1-17.5, 17.7

    Assignment: Nike Inc: Cost of Capital

    Turn in Portfolio Analysis assignment

    Turn in Strategy Assignment

    May 29 – No Class

    May 31 – Presentation Skills assignment

    Upload revised presentation by 6 PM

    June 1 – Presentation Skills

    June 5 – Finance

    Read Ch 19: 19.1-19.5, 19.8-19.9

    Assignment: Interco Case

    June 8 – Presentation Skills

    June 12 – Presentation Skills

    June 15 – Finance

    Read Ch 18: 18.1-18.9

    Assignment: Colt Industries

    June 19 – Finance

    Read Ch 22: 22.1-22.7, subsection on “The Black-Scholes Model” pp 634-638

    Assignment: Sally Jameson: Valuing stock options in a compensation package

    June 22 – Finance Final Exam Due

    SUMMER BREAK!

Death of a good leader…

Pramod Mahajan is dead. It is really sad to see a good leader die at such a early age. I noticed Pramod Mahajan when he was speaking at no confidence motion on Vajpayee government. The government lasted only 13 days. But his speach moved me. I was so impressed that I became his fan. From that time on wards I always followed his speaches. He was a great speaker. U can learn so much from him. Amazing person.

I can still remember in one of his speaches in no confidence motion for IK Gujral or someone else he said “The other day I had few visitors from China. And our brothers from China wanted to know what is democracy. So I explained to them, When a party with largest count sits in opposition(BJP), part with second largest count supports the government from outside(Congress) and the prime miniter belongs to a party which has hardly 30 seats in parliament that is democracy in India.” That was something and this may not sound good but the way Pramod explained it that was amazing.:) I was impressed.

But finally it is over. Pramod Mahajan is dead. I was expecting him to become PM one day but that will not happen. I wish Pramodjee’s soul rests in peace.