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Mahabharata , an epic from India, is the longest known poem with 1,00,000 slokas. This epic poem has many characters depicting certain qualities for us to learn from. For those who haven't read the epic can read here . I am going to assume that the reader knows the story, characters and the sequence of events in this epic What can we learn from?: 1. Dhritarashtra              - A leader should always have a vision (futuristic) and be able to take decision based on what is right (no partiality). This is one reason for Vidura to opt for Pandu as the King first.              - Leader cannot use emotions or personal attachments while deciding for the general administration of the company              - It's important to analyze the bad omens (at least when well-wishers suggest) and correct your decisions if it proves wrong (strategy / decisions could go wrong)              - Always inculcate the right virtues to the best of your ablilities to all juniors and then assess who

Dear Readers, Before I explain further on CAPSIM, hope you have read the previous posts ( LINK1 , LINK2 ) on CAPSTONE. Remember the ground rules: Round 1 to 3 even if you make no profits its OK. But aim should be that from Round 4 you are steadily making NET and cumulative profits. The round where the market goes into recession could be changed so accordingly change your strategy The round where the labor goes on strike could change so always apply the round 7 details below for that specific round of yours. Always remember that long term loans are always cheaper to short term loans. Also this game is for 8 years only, while some loans will mature only after that. Always take loan and avoid emergency loan in any round. Never sell your shares too much into market. Never buy shares unless you have excess cash reserves. Any R&D and buying of plant capacity will take effect only at the end of the year !! If your R&D finished in August, then all pending units and future

Dear Readers, This article will focus on inventory estimation in CAPSIM. I would like to mention that all articles will only lead you to better "estimation" and not the accurate numbers. At the end of the article I have also provided references to other procedures as well. Parameters required from Capstone Courier: 1. Total Industry Unit Demand                     - TIUD    (Every segment analysis page) 2. Next Years Segment Growth Rate            - SGR      (Every segment analysis page) 3. Potential Market Share % per segment     - PMS     (Page 10 of courier) Now take the product of all these 3 per segment: [A] Pessimistic Value = 90% (TIUD x SGR x PMS) [B] Actual Value = TIUD x SGR x PMS [A] is what you shall use in Marketing page and [B] is what you shall use in Production page in all rounds of your game. We have achieved 95% accuracy with this formula and only in 2 rounds we were having surplus units / inventory. Note #1 : Based on your competitors prod

Disclaimer : The fundamentals mentioned below are my viewpoints and what we learned at IIMB . Thanks to professor Mr. Dharam Pal to give me the permission to post this blog. Before you start any round of the CAPSTONE , please remember the following points. I would suggest one of your team members to check all your decisions against this checklist before you submit every round decisions. Guidance: 1. Keep the assets low and sales high. Market Cap should be around 6 times of sales to do well in CAPSIM.          - Market Capitalization (MCAP) greater than Profits, and          - Profits greater than Assets (these two condition should be met always) 2. What are intangible while running any business?:          - Price to volume equation, Capacity to employee planning          - Competitor analysis*, Customer aspirations          - (Most important) Forecasting 3. Stock Price depends on Book Value, EPS and management decisions (subtle factor) 4. New Products should be launche

How often have you felt that the Guest Lecture organized was not worth it. Well, I have gone through this and thought of writing this blog just to help some, from making the same mistakes again. Let us start with some points to remember (prior to inviting him/her): Prepare a list of topics that your group wants to keep the lectures focussed on, never digress from that. Verify the work performed by the lecturer and view the lecture videos if available online Do not fall for big names or firms and call them just because they hold or have held a big position in those firms Remember you want to learn and not waste time. The lecturer should be a good orator. If possible the lecturer could send the macro level topics he shall cover, in advance to guage class involvement Always take a voting amongst classmates to know if your own batch would attend or not Never try to call a lecturer for current affairs (less than 3 months old), you may get one-sided views Keep the questions pr

Disclaimer : The thoughts / ideas are completely of my own and any resemblance to existing application / article / product are meager coincidence. If any of the points mentioned here are already part of any patent (prior to date of publish) or future product of any company then it is purely coincidental. One could email me to remove the content if required. If anyone gets an idea to patent this, then they could include me in references. As the name suggest, I am trying to think aloud on the futuristic applications / gadgets that could enhance human life until it exists. This is the first article of the many which would get published here in future. In this first article we shall discuss on what could be the major features we could expect in our future automobiles with the addition of "Internet of Things (IoT)". So lets call this futuristic cars as "Smart Cars with IoT". Many of us would have read about the current hot topic called " Internet of Th

India has been one of the earliest civilizations and not known to slavery for longest time. You shall see some interesting facts about India in the link here . I would also like to share some of the Vedic literature here for my visitors. Upanishad 1 , Upanishad 2 , BhagavadGita Lectures (Audio & Lietrature) Sanskrit Documents