This month end, I will finish one year since graduating from
Great Lakes. So, time to look back and jot down (in no particular order) some of the things I learnt in B-School and the year after that:
- When under strong emotion, don't take a decision
- Be it anger, frustration, elation... wait till you cool down and then think about what you want to do
- Change the changeable and accept the unchangeable
- Makes life simple and helps you stop wasting time on meaningless pursuits
- While manufacturing/running something, if you are making a loss for each unit produced, then aggressive expansion will only increase your losses
- For example, Reliance Retail will make profit only if each of it's store makes profit. It will not make profit be opening 1000 outlets in one year.
- This is very useful in analyzing companies that talk about expansion & capturing market share without talking about profits and sales figures (Example: Airline Companies).
- Don't be trapped by dogma, which is living with the result of other people's thinking
- Read the whole speech here. Very inspiring stuff.
- Don't let your dreams be high-jacked by the incompetence of the people around you
- Many times, we don't get to choose our surroundings, and end up being surrounded by demotivated and lazy people. However, that shouldn't make us give up on our dreams.
- It takes lots of effort and hard work to get the habit of being an achiever and only a few slack-offs to lose it.
- Be sincere, not just serious
- Networking is useful only when you are competent
- No amount of "knowing people" can land you a job/raise/change unless you are competent and deserving.
- Separate out the symptom from the problem
- 90 hour work week is the symptom. Fear to delegate is the problem.
- You need very few things to live a contended life. The rest are wants
- To understand a company look at it's cash flow
- Though I use both twitter and dropbox, still, as an investor I would put my money in dropbox which acquires customers and makes money rather that twitter which just acquires customers.
- Also, I might get good returns faster in Airtel or Idea Cellular where money keeps moving rather than in Tata Communications which has great assets, but, slow money churning.
- And of course the most important and oft repeated one.. There is no substitute for hard work
4 comments:
Bro, I love the fact that each of has a different learning during and post MBA. I could not attribute this to any technical course.
Btw I disagree with many things that you have written in the blog :) not because I think it is wrong but because I have experienced the contrary (in most cases)
hmmm...interesting na.. same B-school, working in the same sector post-MBA and still different experiences. So what all have you experienced differently?
"There is no substitute to hard work"....is more of preaching....den fact...its all about being at right place at right time ...den comes hard work....we are the best examples of the same!!!!
the delegation point is so true ....
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