Results of 2009 Directi Case Study Competition are out

Results of 2009 Directi Case Study Competition are out. http://xlrigmp2010.blogspot.com/2009/11/results-of-2009-directi-case-study.html

GMP,XLRI student needs help and support

My batchmate, Vidya Sagar, GMP,XLRI student needs help and support.

Please follow the link for more details

http://kimelody.blogspot.com/2009/11/xlri-student-appeals-to-conscience-of.html

From State Owned firms to world class competitors

We group of 10 students from XLRI GMP attended a high profile Forum and Round Table Discussion on State Owned Enterprises(SOE) or Public Sector enterprises as we call in India. The forum attracted esteemed leaders and CEOs from Asia Pacific. Apart from listening to insightful experiences of these leaders, the interesting aspect was having a personal interaction with Ms. Ranjana Kumar Former Chairwoman, NABARD, and Vigilance Commissioner, Central Vigilance Commission

In fact, She accepted our request of coming to XLRI for sharing her experiences in turning around Indian Bank.
http://www.aim.edu.ph/events.aspx?id=349

Mr. Brian Keegan, MD for Capital Structure Advisory and Solutions, JP Morgan Securities laid emphasis on why Optimal Capital Structure is required for State owned enterprises.
Apart from explaining WACC and peer models, He explained Dynamic Model which measures value of future operations as well as current operations.
His mantra for SOEs was
1)raising equity is good
2)Good governance is must
3)Balance sheet integrity is important
4)reduce relaince on Govt support
5)Optimize Capital Structure

Ms. Corazon De La PazBernardo explained how SSS, Philippines has come into blue as far as contributions and payments are concerned.

It was
astonishing to know that 22% of Filipino workforce(8.7 mn workers) work outside the country.
Mr. Tanri Abeng, President Commissioner, PT Telkom Indonesia shared his experiences candidly with the audience. Pointing at bloated staff at SOEs, He jokingly said that , " you will find too many people in SOEs but not enough". He reiterated that balance between entreprenuial drive and management discipline is essential for success of any company.

He introduced how 2 tier corporate board works efficiently in Indonesia.
Panelists for 2nd RoundTable discussion were Dr. Gu Shu, Board Secretary, ICBC, China and Dr. Pallapa Ruangrong, Commissioner, Thailand's Energy Regulatory commission.

It was insightful to know that Industrial and Commerce Bank of China is world's largest Bank in terms of deposits and M-Cap.

The last panel was addressed by Ms Ranjana Kumar and Mr. Jose Rene D. Almendras, President Manila Water Co. Philippines.

It was interesting to know that Indian Bank had -12% Capital Addequcy Ratio during bad times. It was interesting to hear the turnaround story of Indian Bank.

Mr. Almendras gave a lucid presentation on commendable work done by Manila Water Co in Philippines and other countries including India. He explained why people don't trust private companies supplying water, which is a universal commodity.

Overall, The conference gave an interesting,enriching insight into economic complexities of the Asia pacific region. It was a treat to hear dignitaries from around the region. I hope we can apply this improved understanding of Asia's commercial and economic challenges in near future.

Asian Institute of Managment, Manila did an incredible work in organizing the event and inviting GMP students from XLRI to be part of it

Day 4@AIM,Manila

It was Day 4 today @ AIM,Manila. After having sumptuous American breakfast, I joined other participants on Balance Score Card Strategy as part of Human Capital Management program conducted by Prof. Tony Perez http://www.aim.edu.ph/faculty2.aspx?id=43&cat=fulltime .

It was very interesting session. He built core concepts of BSC strategy from scratch. He explained the whole model in simple manner that we never realized that he is teaching a Strategy class that we are so used to. He built all the concepts using a simple case of Ming Hua, a Chinese rice farmer. The class was very interesting as particpiant came from various companies based in Indonesia,Philippines etc.
Few excerpts from his class
1)We were surprised when he asked our permission to rub the class board. He said, Writings on the board is product of case discussion. Hence, he needs to do so as part of case teaching methodology.

2)He told how important it is to have right measures while explaining that the yesteryear's flawed measurement of number of baskets in the game of Basketball.

3)He gave an example of Indonesian Toyota Car Dealer, while teaching concept of Lifetime cost of a customer.

4)He shared an astonishing figure of 40,000, which is the number of sales people who were recruited by Pfizer at launch of Viagra. They were trained in an elevator so that they learn the skill of making quick presentations.

Looking forward to rest of his tomorrow's class.

Diwali @ XLRI

GMP Hostel