Friday, August 11, 2017

Management Lessons from Mahabharata

Mahabharata, an epic from India, with 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 you know 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 can take your role in future
             - Leader should not be partial in his decision making we could lose out some good employees / candidates to our competitors
             - As a leader, do not be a spectator to any wrong-doing happening in the company. Better to nip it in the bud or consult seniors / team to attain better solutions
             - Responsibilities of a particular position should always be of prime importance than anything else
             - Today we shall not have the ability to see future, but what epic teaches us is that the leader could change course and correct things at least when things start to show negative signs
             - Gauge the role and ablities of the competitor before making your strategy.
             - One needs to assess, which person in team has a higher say and why (e.g. Krishna)
             - Identify the negative character in your team / company and remove him to avoid debacles in future

2. Kurukshetra War
             - Try to tap new opportunities instead of simply focusing on killing your competition.
             - If your competition dies, there is only a smaller growth in your business because there would be another one in a short while
             - While working on a big project, it is good to extend to other people who can contribute in whatever way or portions
             - Share your responsibilities when you have a huge target. It is good to have different people looking after different departments and answerable for their own tasks
             - It's important to have a good team that gels nicely. More importantly, all the team members should be given due consideration while making decisions
             - Kauravas had individual motives but they could not help the group motivated enough. Only Duryodhana wanted war. While Pandavas they worked towards a common goal.
             - Commitment is very important. Make sure the common goal is achieved even if it means keeping the personal goals pending.
             - Put the right people at the right places. If the managers or team leaders are not able to inspire or provide directions, the team won't function effectively
             - It's important to tap the potential of all employees irrespective of the gender. Masculine traits of aggression and dominance should be balanced with harmony and sustenance of women.
             - Once you’re up for a challenge, do not back out. If you’re going to manage a team, you better know what role they suit the best and use them well.
             - Keep learning over the period of every role, you never know when that would be useful.
             - Emotions, pain and mode of execution does not matter, Success matters.

3. Bheeshma
             - Never take a decision without analyzing the long term effect of that on all stake holders. Impact analysis is crucial when it comes to decision making
             - Create a distinct identity amongst, to be regarded by people at all levels and ensure one's only allegiance is towards righteousness.
             - Stay put at your decision at all times and fight for it, if you conscience is positive. Stand for the core values and ethics.
             - Always take a graceful exit and decide at the right time when to exit

4. Ekalavya
             - You can achieve your goals even if the best rejects you.
             - Never ruin your prospects for the sake of emotion. Attain your goal nevertheless.
             - Gather information about the competitor before throwing even a stone at

5. Karna
             - Never give away the hard earned skills, which you know shall be important to attain success
             - Do not hide the truth to fellow team members, keep transparency as the motto of governance
             - When you see many things going against you, it is best to retract and hide until time comes positive for you
             - Be loyal, but raise your voice if you feel something is wrong.
             - Never take a decision without analyzing the long term effect of that on all stake holders.
             - Example for misjudgement and how that renders all the fine qualities of an individual futile.

Monday, March 06, 2017

Capstone - Round Wise Suggestions

Dear Readers,

Before I explain further on CAPSIM, hope you have read the previous posts (LINK1, LINK2) on CAPSTONE.

Remember the ground rules:
  1. 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.
  2. The round where the market goes into recession could be changed so accordingly change your strategy
  3. The round where the labor goes on strike could change so always apply the round 7 details below for that specific round of yours.
  4. 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.
  5. 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.
  6. Any R&D and buying of plant capacity will take effect only at the end of the year !!
  7. If your R&D finished in August, then all pending units and future production units shall be as per that specifications free of cost.
  8. If the Total Industry Unit Demand for every segments is greater than total production capacity of all players, then you can charge higher and produce more to bridge the gap.
  9. Prices must be set high enough to allow reasonable revenue within the current cost structure.
  10. Avoid excessive inventory left overs in any round, especially in last 4 rounds (below 50 OK). Check out the oppurtunity cost against having inventory and take prudent decision.
  11. Every addition of automation will reduce the variable costs down and that will help you in round 7. Keep labor % in production page as 100% always.
  12. When you want to perform R&D and segment automation level is high, then it would take more time to prepare (R&D time increases) - invest in TQM

Round 1:
1. In this round you shall have R&D, Marketing, Production and Finance Modules enabled
2. Put the R&D numbers for Round 2 as much as possible.
3. In Marketing price it just 50 cents less than the highest price bracket for the round (Buying criteria). [ Price greater than Material Cost + Labor Cost. ]
4. Always spend 2 times on sales. So promotion could be 1.5K and sales at 2.5K for all. Never put more than 3000 in any round.
        - Inventory value should be as per the article "Inventory Estimation"
5. In Production, ensure you are using 100% plant capacity (i.e. capacity should be = inventory under production / 2). This way you shall utilize the plant fully.
        - Inventory value should be as per the article "Inventory Estimation"
6. Sell the extra capacity with you which are not required till Round 3.
        - Calculate the inventory to be produced for round 1 using growth rate etc
        - Use this round 1 estimate for round 2 calculation and round 2 estimate for round 3 calculations
        - Assume the same industry growth rate for each segment for next 2 rounds and SUM it.
        - The capacity you need to keep should be half of that total value (inventory of R1, R2 and R3)
7. Increase the automation of Traditional to 8, Low to 10, Others to 6 or 7 (6 enough for now). Read my capstone fundamentals to understand this.
8. Production: Never be on negative here (right side bottom), because if so the CAPSIM shall negate all your changes in this page. If required sell more, but remember to buy in next round.
9. Production units (inventory estimated) to be entered should be negated with inventory left overs before entering in the top part (per segment)
10. Try if contribution margin could be greater than 30%. If not its OK for this round. Contribution Margin is based on your pricing and variable cost.
11. In finance module: Take long term loan so that even if the sales do not happen you are in positive. Do not touch anything else
12. Check the proforma as suggested in "capstone fundamentals" and check projected ROA, ROE, Share Price etc

########### Good to go - Publish your inputs and wait for results.

Round 2 & 3:
1. In this round you shall have R&D, Marketing, Production and Finance Modules enabled
2. Put the R&D numbers for next round as much as possible. Ensure that difference of your performance / size with buying criteria is always around the drift value for that segment
        - Introduce the new products if any. Do not give same kind of names. Your name for new product should be very unique to avoid competitors from judging its segment
        - Set the size and performance to round 3 or 4 targets in advance, because production will start only from round 3, by that time other products will move ahead
        - Do not add products if you are not sure, if you want to play the all product safe zone game.
        - Round 2 or max Round 3 are the best times to add new products
3. Study the capstone courier and check what your competitors have done
        - Have they bought or sold capacity, how much inventory is left, why so much is left behind
        - Pricing, automation, any new products into market, If yes, in which segment?
        - How much did they spend on sales / promotion and what is the customer review %, what does Page 10 have to say about your competitors
        - What is the cash and loan status of your competitors and preempt their moves
4. Now onwards in marketing put the price based on competitors pricing strategy. Remember your price should be inversely proportional to buying criteria for price
        - Read point 8 from the "Remember the ground rules". Never put sales / promotion more than 3000 in any round.
        - Based on analysis increase the sales / promotion if required. But point 4 of Round 1 remains - spend 2 times of promotion on sales.
        - Inventory value should be as per the article "Inventory Estimation"
5. Production Page:
        - Inventory value should be as per the article "Inventory Estimation"
        - Do not sell anything now, estimate if the capacity is enough till next round end (that means in round 2, estimate till when round 3 capstone courier comes)
        - If its less, buy it now else when next round starts you shall have less capacity and less inventory to sell
        - Don't increase automation now, you shall need the money in next round for new products and respective automation
        - Add up inventory numbers and buy capacity for new products for next round perspective in advance
        - (For new products) Put higher automation numbers based on the segment where you are introducing the new products
6. Production: Never be on negative here (right side bottom), because if so the CAPSIM shall negate all your changes in this page.
7. Production units (inventory estimated) to be entered should be negated with inventory left overs before entering in the top part (per segment)
8. Try if contribution margin could be greater than 30%. If not its OK for this round. Contribution Margin is based on your pricing and variable cost.
9. In finance module: Take long term loan so that even if the sales do not happen you are in positive. If you are buying capacity you will need money.
        - This page should never show negative value. Take loan especially if you are bringing in new products.
10. Check the proforma as suggested in "capstone fundamentals" and check projected ROA, ROE, Share Price etc

** If HR module is added in Round 3, Add 80 hours training and 4000 or 5000 as extra expense for training.
** Round 4 could have 0% growth, hence do not buy capacity too much in Round 3 for round 4
        - Its luck, sometimes professors can change the rounds as well
        - Even if you land up buying more, ensure next few rounds you don't buy up

########### Good to go - Publish your inputs and wait for results.

Round 4:
1. In this round you shall have R&D, Marketing, Production, HR and Finance Modules enabled
2. Put the R&D numbers for next round as much as possible. Ensure that difference of your performance / size with buying criteria is always around the drift value for that segment
        - Do not add any new products from this round onwards. It could mess up your plans. Only focus on profits from hereon.
3. Study the capstone courier and check what your competitors have done
        - Have they bought or sold capacity, how much inventory is left, why so much is left behind
        - Pricing, automation, any new products into market, If yes, in which segment?
        - How much did they spend on sales / promotion and what is the customer review %, what does Page 10 have to say about your competitors
        - What is the cash and loan status of your competitors and preempt their moves
        - Your market positioning vs others and how much market share you have until Round 3 etc, find the reasons for your product not working out etc.
4. Now onwards in marketing put the price based on competitors pricing strategy. Remember your price should be inversely proportional to buying criteria for price
        - Read point 8 from the "Remember the ground rules". Never put sales / promotion more than 3000 in any round.
        - Based on analysis increase the sales / promotion if required. But point 4 of Round 1 remains - spend 2 times of promotion on sales.
        - Inventory value should be as per the article "Inventory Estimation"
5. If HR module was added in Round 3, Add 40 to 80 hours training and 3000 to 5000 as extra expense for training.
        - If this is the first round of HR, then add 80 hours training and 4000 or 5000 as extra expense for training.
6. Production Page:
        - Inventory value should be as per the article "Inventory Estimation"
        - Capacity will be excess for this round due to 0% growth, but its OK
        - Even if the utilization is not 100% its OK, just produce as per the estimations and your gut feeling and move on
        - Production: Never be on negative here (right side bottom), because if so the CAPSIM shall negate all your changes in this page.
        - Production units (inventory estimated) to be entered should be negated with inventory left overs before entering in the top part (per segment)
7. Finance: Take long term loan so that even if the sales do not happen you are in positive (only if you don't have cash reserve). If you are buying capacity you will need money.
        - Pay off any loan in advance if you have cash surplus, it will make your proforma better
        - This page should never show negative value
8. Check the proforma as suggested in "capstone fundamentals" and check projected ROA, ROE, Share Price etc


########### Good to go - Publish your inputs and wait for results.

Round 5 and 6:
1. In this round you shall have R&D, Marketing, Production, HR, TQM and Finance Modules enabled
2. Put the R&D numbers for next round as much as possible. Ensure that difference of your performance / size with buying criteria is always around the drift value for that segment
3. Study the capstone courier and check what your competitors have done
        - Have they bought or sold capacity, how much inventory is left, why so much is left behind
        - Pricing, automation, any new products into market, If yes, in which segment?
        - How much did they spend on sales / promotion and what is the customer review %, what does Page 10 have to say about your competitors
        - What is the cash and loan status of your competitors and preempt their moves
        - Your market positioning vs others and how much market share you have until Round 3 etc, find the reasons for your product not working out etc.
        - Page 12: How much was the TQM in previous round and how that helped competitors, accordingly invest next time
        - How much did competitors spend on HR training and how did that help. have their productivity increased? Labor cost reduced?
4. Now onwards in marketing put the price based on competitors pricing strategy. Remember your price should be inversely proportional to buying criteria for price
        - Read point 8 from the "Remember the ground rules". Never put sales / promotion more than 3000 in any round.
        - Based on analysis increase the sales / promotion if required. But point 4 of Round 1 remains - spend 2 times of promotion on sales.
        - Inventory value should be as per the article "Inventory Estimation"
5. If HR module was added in Round 3 or 4, Add 40 hours training and 1000 to 3000 as extra expense for training.
6. Production Page:
        - Inventory value should be as per the article "Inventory Estimation"
        - Estimate if the capacity is enough till next round end (that means in round 5, estimate till when round 6 capstone courier comes)
        - Even if the utilization is not 100% its ok, just produce as per the estimations and your gut feeling and move on
        - Production: Never be on negative here (right side bottom), because if so the CAPSIM shall negate all your changes in this page.
        - Production units (inventory estimated) to be entered should be negated with inventory left overs before entering in the top part (per segment)
        - If you have not added new products, you can plan for increasing automation in primary segments
        - If you have new products, based on competitor strategy plan to increase automation
7. TQM:
        - Do not invest in Green Programs and Bench-marking in any round
        - In rounds 5: invest 2000 in each other parameter
        - In rounds 6: invest 1500 in each other parameter
8. Finance: Take long term loan so that even if the sales do not happen you are in positive (if you have cash reserve, forget it). If you are buying capacity you will need money.
        - Pay off any loan in advance if you have cash surplus, it will make your proforma better
        - This page should never show negative value
9. Check the proforma as suggested in "capstone fundamentals" and check projected ROA, ROE, Share Price etc
10. Ensure all parameters are showing positive signs and fine tune your inputs - check if the results are better

* Remember by round 6 you should have very high cash reserve to play the labor strike game well

########### Good to go - Publish your inputs and wait for results.

Round 7:
1. In this round you shall have R&D, Marketing (General, Promotion & Sales sub-module), Production, HR (with labor strike), TQM and Finance Modules enabled (Learn about labor strike from guide)
2. Put the R&D numbers for next round as much as possible. Ensure that difference of your performance / size with buying criteria is always around the drift value for that segment
3. Study the capstone courier and check what your competitors have done
        - Have they bought or sold capacity, how much inventory is left, why so much is left behind
        - Pricing, automation, any new products into market, If yes, in which segment?
        - How much did they spend on sales / promotion and what is the customer review %, what does Page 10 have to say about your competitors
        - What is the cash and loan status of your competitors and preempt their moves
        - Your market positioning vs others and how much market share you have until Round 3 etc, find the reasons for your product not working out etc.
        - Page 12: How much was the TQM in previous round and how that helped competitors, accordingly invest next time
        - How much did competitors spend on HR training and how did that help. have their productivity increased? Labor cost reduced?
4. Now onwards in marketing put the price based on competitors pricing strategy. Remember your price should be inversely proportional to buying criteria for price
        - Read point 8 from the "Remember the ground rules". Never put sales / promotion more than 3000 in any round.
        - Based on analysis increase the sales / promotion if required. But point 4 of Round 1 remains - spend 2 times of promotion on sales.
        - Inventory value should be as per the article "Inventory Estimation"
        - Promotion Sub-Module: Based on the limits set, add the price or values to get at least 99% customer reach. Again it depends on whether which segment is working for you.
        - Pricing in this round is dependent on labor strike, so if you are sure others will face strike, increase the price and make a kill for last 3 months.
5. HR module:
        - Add 20 hours training and 1000 to 2000 as extra expense for training.
        - Add value for labors 150 % of current value expected by labor (i.e. max price) for all 4 categories.
        - Take up loan if required, but ensure Oct to Dec, all others have to face strike while you don't
6. Production Page:
        - Inventory value should be as per the article "Inventory Estimation"
        - Estimate if the capacity is enough till next round end (that means in round 7, estimate till when round 8 capstone courier comes)
        - Keep the utilization is 100% , Sell excess in this round or in round 8
        - Production: Never be on negative here (right side bottom), because if so the CAPSIM shall negate all your changes in this page.
        - Production units (inventory estimated) to be entered should be negated with inventory left overs before entering in the top part (per segment)
7. TQM:
        - Do not invest in Green Programs and Bench-marking in any round
        - In rounds 7: invest 1000 in each other parameter
8. Finance: Take long term loan if required (if you have cash reserve, forget it).
        - Don't pay off any loan in advance in this round
        - This page should never show negative value
9. Check the proforma as suggested in "capstone fundamentals" and check projected ROA, ROE, Share Price etc
10. Ensure all parameters are showing positive signs and fine tune your inputs - check if the results are better


########### Good to go - Publish your inputs and wait for results.

Round 8:  (Final Round)
1. In this round you shall have R&D, Marketing (General, Promotion & Sales sub-module), Production, HR (with labor strike), TQM and Finance Modules enabled
2. Put the R&D numbers for next round as much as possible. Ensure that difference of your performance / size with buying criteria is always around the drift value for that segment
3. Study the capstone courier and check what your competitors have done
        - Have they bought or sold capacity, how much inventory is left, why so much is left behind
        - Pricing, automation, any new products into market, If yes, in which segment?
        - How much did they spend on sales / promotion and what is the customer review %, what does Page 10 have to say about your competitors
        - What is the cash and loan status of your competitors and preempt their moves
        - Your market positioning vs others and how much market share you have until Round 3 etc, find the reasons for your product not working out etc.
        - Page 12: How much was the TQM in previous round and how that helped competitors, accordingly invest next time
        - How much did competitors spend on HR training and how did that help. have their productivity increased? Labor cost reduced?
4. Now onwards in marketing put the price based on competitors pricing strategy. Remember your price should be inversely proportional to buying criteria for price
        - Read point 8 from the "Remember the ground rules". Never put sales / promotion more than 3000 in any round.
        - Based on analysis increase the sales / promotion if required. But point 4 of Round 1 remains - spend 2 times of promotion on sales.
        - Inventory value should be as per the article "Inventory Estimation"
        - Promotion Sub-Module: Based on the limits set, add the price or values to get at least 99% customer reach. Again it depends on whether which segment is working for you
5. HR module:
        - Add 0 to 10 hours training and 0 to 1000 as extra expense for training.
6. Finance: Take long term loan if required (** Winner is based on net operational profit **).
        - Don't pay off any loan in advance in this round.
        - This page should never show negative value
6. Production Page:
        - Inventory value should be as per the article "Inventory Estimation"
        - Keep the utilization is 100% , Sell excess capacity if any in each segment
        - Production: Never be on negative here (right side bottom), because if so the CAPSIM shall negate all your changes in this page.
        - Production units (inventory estimated) to be entered should be negated with inventory left overs before entering in the top part (per segment)
7. TQM:
        - In rounds 7: invest 500 in each other parameter
8. Finance: Take long term loan if required (if you have cash reserve, forget it).
        - Don't pay off any loan in advance in this round
        - This page should never show negative value
9. Check the proforma as suggested in "capstone fundamentals" and check projected ROA, ROE, Share Price etc
10. Ensure all parameters are showing positive signs and fine tune your inputs - check if the results are better

########### Good to go - Publish your inputs and become the Winner. Best of Luck.

Wednesday, February 15, 2017

CAPSTONE: Inventory Estimation

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 product pricing and introduction of new products into the market, you need increase or decrease the estimation anyways.

Note #2: Your gut feel and discretion based on the situation shall be vital for proper inventory numbers.

Sample Calculation:


External References:

[1] CAPSIM Secrets
[2] Baldwin Strategy
[3] General Strategies
[4] Advice to Struggling Teams
[5] CAPSIM Tips
[6] BEST: A Grade CAPSIM Walk-Through
[7] Foundation Analysis
[8] CAPSIM Strategy Blogspot
[9] CAPSIM Word-Press
[10] CAPSIM Success Measures


Best Luck.

Sunday, January 22, 2017

CAPSTONE Core Fundamentals

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 launched specifically in market segments where the effective MCAP is high
         - Segment growth rate may be higher for some, but collective MCAP would be less
         - So the effort of making a new product should be on MCAP effectiveness to make more profits
5. Always focus on margin and not prices
6. Understand the difference between buyers and sellers market
         - In Buyers market you need to listen to customers buying criteria, do not produce more than forecast
         - In sellers market customers will buy your product even if the price are high and you can produce more making more profits
7. When to enter the market?:
         - High growth rate, better margins foreseen, Buying behavior better
         - Scalable segment, Lesser or weaker competition, Less capital outlay
         - Size of the market and sustainable for longer period
         - (Most important) Have better forecasting logic and have cash to fund it
8. When to exit?:
         - When MCAP is reducing, Customer survey is down in consecutive years
         - scope of recovery less, ROA, ROE etc are low and price less than variable cost
9. Always be the influencer and not customer savvy. Of course buying criteria is the bible, but influence the market as well
10. Always keep a good watch on what competitors are doing
         - How have they reduced the variable cost?, How are they pricing products in every round?
         - How much cash is left?, What financial decisions have benefited them?
         - Who has the solvency / liquidity less? What are their ratios informing us?

Execution Wise:

1. Increase automation for the product where ideal position (or R&D expectation is less) and price expectation is less
         - Automation will reduce dependency on labor but every change in specifications it shall increase time
2. Two of the round could have negative and 0% growth so plan your capacity purchases accordingly
3. 3rd of 7th round shall have labor strike and hence keep number of labor requirement less
4. Always keep the following least possible: [a] Sales / Profit ratio, [b] variable cost, [c] labor cost
5. In every round & every segment maintain the drift of the ideal position
         - Ideal position refers to the performance and size of the product
         - In every round customer expects the product to move it along the perceptual map
         - In each segment the center of the circle will vary and expected max / min drift shall also be mentioned
         - Your product ideal position if higher than the drift limit, them customer survey shall be low and affect sales
6. Do not make products with the same name as the ones provided in Round 0
         - Do not give chance to competitors to guess which segment you are placing the new product in !!
7. Sell the excess capacity in round 8 (capacity beyond your opportunity cost) and retire some of the bonds as well
8. Try to maintain competency level of the labors above 110% if possible
9. [IMP] Divide your team into: Forecasting, Buying criteria Manager, Report analyzer, Checklist Manager, Strategist /Visionary
10. Never miss to verify the Proformas->Ratios and Porformas->Balanced Scorecard in every round
         - Better to check this after every major decisions you update, you learn the effect of your decision
11. Invest in TQM always (except in Round 8) to get benefits in all aspects - More in next blog
12. Price your product as per the cost you are incurring and not as per competitors, it affects the margin
13. Bring the NEW products in Round 1 or 2 or max in Round 3. Better if its on Low and Traditional segments
14. Velocity in your actions makes the difference. Make R&D and product releases fast enough before competitors catch your trend
15. [IMP] When the segment expected units (TIUD) is more than total segment production capacity than understand that its the "SELLERS market"
         - Increase price and production, reduce the promos and sales budget
         - Reduce SG&A cost, variable costs to make a kill: Profit shall be huge in such case
16. Having "some" inventory left over is ALWAYS better than stock out.

Abbreviations:
[A] ROA = Return on Assets
[B] ROE = Return on Equity
[C] MCAP = Market Capatilization
[D] R&D = Research and Development
[E] TQM = Total Quality Management
[F] EPS = Equity Per Share

In my next blog I shall explain round wise what each team should do in CAPSIM.

Guest Lectures at Universities

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):


  1. Prepare a list of topics that your group wants to keep the lectures focussed on, never digress from that.
  2. Verify the work performed by the lecturer and view the lecture videos if available online
  3. Do not fall for big names or firms and call them just because they hold or have held a big position in those firms
  4. Remember you want to learn and not waste time. The lecturer should be a good orator.
  5. If possible the lecturer could send the macro level topics he shall cover, in advance to guage class involvement
  6. Always take a voting amongst classmates to know if your own batch would attend or not
  7. Never try to call a lecturer for current affairs (less than 3 months old), you may get one-sided views
  8. Keep the questions prepared from the audeience and let the topic not get digressed
  9. Do not call someone just because they are superiors / friends or acquintances. Focus on substance / quality.
  10. Last but not the least, call someone who an motivate you or give you a perspective to do something going forward


Please share your thoughts and suggestions to add your points to this list.

Wednesday, March 02, 2016

Food for Thought #1

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 Things (IoT)" which is widely being researched and applied into multiple products. The concept has been in the market for a long time now but companies have slowly started making it part of their vision now. With the thrust from some major MNC players, it is estimated that by 2020 billions of devices shall be IoT enabled.

Now think of the cars we have in India and think what if those cars could actually connect to internet and have historical data of our car like its Car unique number, engine details, mileage, music we have heard often etc. Additionally, the passengers could talk to the car and get the music or data from internet for entertainment / infotainment.

So in-short imagine that our future cars are connected via internet to a dedicated cloud account and records all the important aspects with respect to our journey, vehicle essentials, entertainment, infotainment etc. How cool would that be right?

I shall list some of the features that we should have in our Indian Smart Cars.

1. Central (integrated) Processing Unit connected to all sensors, IoT, and GPS
2. Sensor List within the car: Gas Level, Tire Pressure, Pedal Pressure, Engine Life, (Engine & Gear) Oil Level, Internal and External temperature, Air Quality, Humidity, Speed Limit, Vehicle Proximity, Intruder Detection & Collision Detection, and Mood & Alcohol
3. Mechanical Devices connected: Gear, Wipers, Wheel Locks, Brakes
4. During start of car the destination are usually fed to get the directions, this shall continue as done in majority of the cars today
5. During the motion it shall keep detecting the air quality to decide whether the window should be opened or shut down all the time. It shall also collect the information for the area under travel all the time and keep informing the user of the air quality status
6. During the motion it shall keep detecting the temperature to decide whether the AC should be switched on or heater and same shall be communicated to the passengers. It can also pre-plan based on the information from cloud for the area of travel and where the AC settings need to be change or temperature of the AC to be changed
7. Based on humidity during travel it shall inform an onset of rains & accordingly it shall start the wipers.
8. All the information and current zone coordinates of the car shall be fed into the cloud (personal ID). Well wishers can track their travel zones and check how much time is left etc. Same data also shown to the passengers. Think of it, people can be ready accordingly to receive you !!
9. Wi-Fi and cloud based information gathering on any topic – for music, information from internet and news etc. Playing of songs based on mood sensor inputs and receives inputs via sound and responds back verbally. Same with browsing videos and Video Conference.
10. On detection of oil level below reference level, it shall automatically inform the nearest gas station for the liters of oil and asking them to keep it ready with car identification number. It shall change the course of direction shown in car and indicate user to do the needful. If the user does not go into the gas station, it shall slow down the car and give 3 warnings. Beyond that it shall take auto control of the car and take the car into gas station to refill the oil. Once the refill is done, the same route is reorganized in the car and passengers can start journey
11. Same procedure followed for petrol / diesel, Tire Pressure / Flat Tire or other depletion of other essentials
12. Based on day or night time, the car shall (already fed) check if the speed is beyond specification limit or control limit of drivers, and warn the driver once. If no change seen, the car shall take control and fix the speed below the control limit or spec limit (whichever is lower).
13. Based on whether the driver has taken alcohol, it shall reduce the control limit or stop the car automatically.
14. In case of possible emergency like flat tire or accident prone driving (erratic movements tracking) or constant phone talking or hit by car etc, it shall inform the local police and ambulance / 911 immediately asking for help with Car identifications and location coordinates. Also auto SMS service to dear ones (pre-defined numbers).
15. Based on vehicle proximity at high speeds or while parking it shall inform / warn the driver of same and perform auto driving from that stage to avoid accidents or damage to the car. Same with collision avoidance.
16. When it’s locked or any part of the car is broken down, it shall automatically inform the 911 and car service agent, insurance agents and switch off the engine from turning own in any manner. It also will capture the image of the person breaking into the car and load into cloud account.
17. After journey is over and parked, it shall perform auto clean inside the car and collect inside a bag in the backside of the car. It shall auto clean the front and back screens, head lamps before closing down fully
18. Land detection and fish eye camera based auto parking + body cleaning requirement detection also added.
19. It informs the number of passengers, destination and route information to cloud network, where by prospective passengers could check and ask if he could be included for car – sharing.
20. Auto maintenance detection and indicator to owner. Next drive (when indicator turned on, it shall automatically take the car to service agent and then continue with actual journey.
21. Records of all the travels done, petrol used, refilling date, performance, mileage, repairs done etc will be automatically entered into the cloud a/c.
22. Auto saving of the video conferences done, video or audio preferences, downloaded are all saved into cloud a/c for future access and customer comfort
23. If the owner has fed the coordinates limit on the GPS for specific coordinates (for security), then as soon as the car goes beyond the limit, it shall auto brake the car and halt. Indicate the owner and call 911 / cops.
24. Auto open and closure of the garage based on voyage status, internal light controls, headlight beam controls, fog light controls and parking light control.

What do you guys feel? Would you like to buy a car so awesome? 
What are the other features you think we could possibly add to this list? 

Please send your suggestions to me and I shall surely post them if they mean good.

Tuesday, November 23, 2010

India & Its Spirituality

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

Friday, January 22, 2010

Short Documentaries

This is the new section in my webpage to showcase some of the documentaries I have written in 2006-07. All copyrights reserved (C) 2016-2020.

I shall be updating them soon as and when I get time. Do post your comments / suggestions to me.

Road to Marriage
Birth of Gods

Thursday, January 11, 2007

Lyrics Collection

This is the section where you shall find some of the finest lyrics ever written by different lyricist garnered among various Hindi movies & Ghazals.

If you have any song or movie in mind which has some of the finest meanings, please inform me using the comment section below and I shall have the lyrics posted soon with meanings in English (if required)[Link to the website given below].

This is a tribute to all the great and talented lyricists who have given us some great songs in this journey of life. I hope you shall appreciate the effort and encourage me in this journey. Please feel free to post your comments and requests.

Lyrics Website

Tuesday, August 30, 2005

Monday, August 15, 2005

Research Work

My thesis was on "Secure Data Relaying via Vehicles for Wireless Sensor Networks" in the FULTON School of Engineering, Computer Science Department, Arizona State University, Tempe, AZ under Dr. Hasan Cam (May 28, 2004).

Conference Papers:
1] Energy Efficient Security Protocol for Wireless Sensor Networks - IEEE VTC Fall 2003 Conference, October 4-9, Orlando, 2003
2] ESPDA: Energy Efficient Secured protocol for Data Aggregation in Wireless Sensor Networks - IEEE Sensors - The Second IEEE Conference on Sensors, Oct. 22-24, 2003, Toronto, Canada
3] Wireless Sensor Network Security - REAS Symposium 2003 at Arizona State University, Tempe.

Journal Papers:
1] Energy Efficient Secured protocol for Data Aggregation in Wireless Sensor Networks -- appeared in IEEE Computer Communications on Sensor Networks, December 2004.
2] SDDA: Secure Differential Data Aggregation in wireless sensor networks -- appeared in IEEE Sensor Network Operations Monograph, September 2004.

Text Book Chapters:
1] SDDA: Secure Differential Data Aggregation in Wireless Sensor Networks -- To appear in Sensor Network Operations, S. Phoha, T.F. La Porta, and C. Griffin (eds), IEEE Press. (Accepted in Aug. 2004)

All papers are copyright © 2005, Arizona State University and IEEE. All rights reserved.

Other important web links:
IEEE website
Dr. Hasan Cam (for our publications and ongoing research projects)

(C) copyrights all rights reserved 2016-2020