Welcome Ajit, our first guest blogger

At the risk of sounding unduly formal, I take immense pleasure and pride in welcoming Mr.Ajit Grewal as the first contributor to this blog/site. He brings with him multiple decades of global experience in banking and credit risk management. In recent years, he worked with a microfinance firm in his effort to be part of a socially conscious and noble initiative, much before the industry entered its latest bout of troubles.

I came in touch with him during my few years at a research firm I was engaged with until recently. He made me truly appreciate the irreplaceable value of experience and an approach to management that rests on commonsense and careful thought.

I welcome him to the site and am sure you will find his articles thought-provoking, to say the least. His frank unbiasedness, grounded in years of observation, will strengthen the core of this site, which aims to break the mold and look beyond the obvious.

If you are interested in contributing to the site, please click here.

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Clients don’t like surprises

Over the past years, I have worked with a variety of small and large institutional clients both as part of delivery and sales teams. In both capacities, the one thing I have realized—and sometimes rather painfully—is the value of keeping client stakeholders in the know. Most often, providers find it counter-intuitive to share the bad stuff with clients, assuming it would cast their abilities in negative light. Sometimes, secrecy may well be required depending on the implications to the client’s business. However, that should only be the exception and not the norm – something that most providers don’t tend to appreciate. In my experience, this is even more visible in outsourcing relationships, particularly the offshore kind. Clients naturally harbor certain apprehensions about offshore providers, especially if the relationship is not sufficiently mature. To top that, providers withhold what could otherwise build a different level of trust and understanding between the stakeholders.

The other school of thought, which I subscribe to, is about transparently sharing the good and the bad in realistic proportions. Clients don’t like surprises; in fact, no one does. If something has gone wrong, go ahead and accept it; take the extra effort to have that difficult discussion instead of avoiding it. If not immediately, clients will appreciate it in due course and possibly empathize with your constraints. Even better, if the discussion leads both parties to collectively resolve a matter that could otherwise end up in an nonviable or strenuous solution, which—in no way—helps either. Don’t forget that even B2B relationships are all about people at the end of the day, and people like to be kept informed. Also, do remember that in the prevailing internet age, the repercussions could be far too embarrassing and irreversible if the client gets to hear of the issue from other sources. That—for most practical purposes—could be the virtual end of any trust that you may have built until then.

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5 subjects every MBA should take

I recently did a guest lecture at one of the local MBA colleges in Hyderabad, India. On one side, it took me back to the days when I used to be a starry-eyed student myself. On the other, it made me reflect upon how we tend to give undue importance to cer5-subjects-every-mba-should-take (image courtesy:http://simonadmissionsblog.com)tain things that eventually don’t turn out so.

I remembered how we used to be hopelessly concerned about the subjects to take up as electives. For the hardcore marketing and finance folks, the choice was rather straight forward, though not entirely ideal in hindsight. For the relatively more confused lot which I was a part of, the dilemma used to be intense.

Here, I have compiled a list of subjects/topics that every MBA must take up, regardless of the specialization. These, in my view, are fundamental blocks that will equip you with the right understanding and tools all through your professional careers.

  • Financial Modeling – The day you grow senior enough in the corporate hierarchy to evaluate projects and firms, you’ll realize how critical this is.
  • Operations/Project Management – Wouldn’t be an exaggeration to say that more than 90% of modern corporate work is structured as projects. You’ll start off working with one, and end up handling many, so equip yourself well.
  • Data Analysis/Quantitative Techniques – It is no more about capturing data, it’s about what you can make from it – the intelligence you can drive.
  • Business to Business (B2B) Marketing – Whatever your area of work maybe (including B2C marketing, finance, IT etc.), you will at some stage end up dealing with other companies.
  • Services Marketing – It’s not the product that decides customer satisfaction in today’s world; it’s the experience.

There are others that come to mind, but I will restrict the list to these five. These are subjects that—more often than not—one tends to overlook given the preference for a certain specialization.

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