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Yesterday evening i was with my friend/mentor at Taj Lands End for sumptuous dinner. During the course of evening the discussions meandered towards various issues. Competition, Corruption, Mumbai , Corporates and obviously my Blogging, and here i am writing my experience at Mumbai Airport.

Am on way to Delhi on a  “XYZ” flight . The scene at the airports  is no better than at a railway station. Over powering crowd, hustle bustle, jostling for space and also not giving a “damn” to a fellow passenger. The situation was no different,Standing patiently in the handbags “que” i was waiting for my turn. Obviously there would be someone who will not understand the meaning of the “que” and would jump the que only to be reprimanded by a fellow traveler.

A senior citizen who was already ruffled, was in the next line to get his boarding pass.

There is an old adage: Knowledge is power which still holds true in todays fast paced life. It is also so very true in todays context of social Media.If you know something very important, the way to get power is by actually sharing it.This is against the traditional mindset that everything is your intellectual property, but chances are those information may already be available on the internet. If you don’t believe me, just “Google” it. So why not share the knowledge and build your own brand by becoming the top-of-mind “go to” source, albeit for a small community, be it for a unique proposition or be it for varied issues. The key is to earn the trust of the people. The community should value and realize your resourcefulness. If your readers perceive you as an authoritative source, they will see your advice as authoritative, and take it over the advice of others.If readers see your opinions as worth respecting, what you say will influence the way they act, or even the way they think. For Example If you have a unique collection of songs, why not share them with the community. It would help you build your brand as an expert in the domain of music, showcase your  resourcefulness, Varied taste, good knowledge. So start establishing your expertise by providing high value information with a stamp of authority. Now you would ask the question that why would someone be interested in listening/reading your viewpoints when viewpoints from other highly acclaimed experts are already available. My answer to that would be, that the way there are so many species on this earth, and all of them are living in their own sphere, there is always scope for something new, for one to build his own brand by showcasing his expertise.There would always be some listeners in this world. Also it could transpire in a knowledge sharing platform, beneficial for all and sundry. Why do i Blog..? I blog to increase my exposure to the world and also learn in the process and certainly improve the brand ” Gaurav Jalote”. The knowledge I have acquired through my education,my work in domains of Retail & Marketing or from my personal experiences do help budding Retail and Marketing professionals. If I don’t demonstrate my strengths, what I know or i have learnt why would you care to return to my blog and read it?? As a result my blog will become my social media platform to establish my personal brand, Also its the easiest form to showcase ones personality and interests and has no physical boundary. Also leverage social media such as Facebook, LinkedIn,Twitter, YouTube to create unique content that encourages members to come back.Quitely you will be able to build a fan base and become an influential brand on social media.The more conversation you generate, the more it would spread on its own.Search engines love such interactions and will lead them to your website, blog, or even tweets and which increases your influence/presence.By being influential you can increase awareness. Remember when you become interested in other people, they become interested in you.

I have seen the Retail industry from close quarters since 2002, initially as a student of NIFT and then through my professional association.  I have also witnessed and participated in the discussions happening in the industry as well in our simple households.” Should Foreign Direct Investment (FDI) be allowed or should it not be permitted”

Before going in the background details would like to share that finally Government is considering allowing FOREIGN DIRECT INVESTMENT ( FDI) in multibrand retail channel, obviously in a phased manner. To start with FDI could be restricted to around 30-35 cities, all with population greater than 10 mn, that makes an interesting list. I assume apart from top Metros  towns like Chandigarh, Lucknow, Jaipur, Pune,Coimbatore,Kanpur, Indore, Kochi should be in the list. Definitely makes for yet intersting phase in the Indian Economy. Currently India allows 100% FDI in Cash & Carry formats and 51% FDI in Single Brand Retail.

The biggest point of debate/protest in the past was that the popular Kirana Stores or erstwhile Mom & Pop stores would be affected by large retailers and could result in loss of livelihood of millions, but i feel with advent of Large retailers the retail industry got a face lift. Pantaloons, Big Bazaar, Shoppers Stop, Spencers and others helped change the consumer taste’s and requirements. Demand for consumption has grown manifold and consumers have larger appetite, which helps the GDP of the country. Similarly with 100% FDI i forsee some prominent international brands making a foray in India. This could be in Apparels, Jewellery,Consumer goods, foods etc and would definietly increase the consumers appetite. Its a matter to see that would the foreign retailers like to start from Tier 1 & Tier 2 towns or would they like to go deeper to all the allowed 35 towns.

One thing is for sure,if FDI opens up soon there would again be a mad rise in Real Estate rates and there would a surreal buzz in the market. I dont see the new retailers affecting the Kirana Shops-who have upped the ante and increased their service levels manifold.

Eagerly awaiting official confirmation on the same.

Credits :

www.dnaindia.com/money; www.indiaretilnews.com

It has been long, precisely 1 year since i have written on my blog.It was a self imposed hibernation, more to do with my MBA. During my MBA at IIML life was on a roller coaster and as one says” you would not get this time again” i consumed every bit of my MBA days to do things which otherwise would not have done so regualrly. Apart from working on assignments, case studies,group presentations i dabbled in Sports, Movies and spending time with friends. Now am back in the corporate world- have joined IBM in Marketing , so its time to come out of my hibernation and renew my passion for writing….not renew but unleash the thought processes which have been brewing in my mind for past one year. Lot of water has flown under the feet during this time…and i promise to be back with a vigour, and regular blogs would be a feature…!!! I congratulate myself that i have freed myself from all the shackles:-)

Time Flies. I have been experiencing the same, since the day i joined IIML on 1st April. I look back and realize that i am already 10% MBA without knowing. 1 month has passed at a lightening speed bringing along with it various experiences,highs and lows…..

There are new friends, new bonds are being formed, new aspects being discovered about one’s personality, interests,strengths and weaknesses…..The evergrowing pressure of studies, case studies, assignments and quizzes needs to be balanced out by drinking binges and entertainment unlimited. Sports is always the saviour specially playing tennis under the floodlights or sweating it out on the treadmill and weight training…

Elections are the norm of the curriculum with the class voting for the candidates electing the Class Representative, Events Committee, Industrial Interaction committee…and now Placement Committee in a couple of days( Yours truly is vying for a place in the placecom)

The Mess committee is working hard to ensure that the food is of top quality and the students are fit and fine to take on the rigour of the program. Mailbox is overflowing with flow of information.

The results of the quiz ( Management Accounting and Marketing) have also been revealed, with Mixed emotions for the class. Some have really gone into a shell and are slogging it hard to maintain the grades, and some have become relaxed and think they have figured out ways to manage the grades. The poor souls ( including me) dont know that the smart professors always have a card up their sleeve to fox us, ensuring that we never relax and the rigour is maintained.

On a personal front it was satisfying to get good grades both in MAN-AC and MKTG.Hope the trend continues. I have rediscoverd my passion for Table Tennis and tend to play a game or two whenever there is an opportunity. The New found love of hiiting the GYM is intoxicating. Pumping up iron and sweating on the treadmill is very satisfying..The late nights have come back and am always trying to find time to catch up on sleep.

All in all the experience has been very enriching.Just waiting for our IIML Tshirts ( designed by yours truly in tandem with a Friend) before we can proudly wear them to various occasions. The Leadership Talk series would start very soon and it would get even more difficult to find time beyond classes, but as they say Live life to the fullest.Thats what am doing, soaking in pressure and improving my time management skills. Hope by the end of the year i would be a Readymade MANAGER, rearing to get back to the industry with renewed skills and weapons…unleashing the knowledge learnt at this Mecca of Management- IIML 🙂

Many say it would have been a tough decision for me forgoing admission to Dual Degree MBA from Hong Kong University & London Business School ( Ranked No 1 in the world) and Singapore in favour of IIM Lucknow, but i guess the decision was very simple. I have grown up in a family where education is of paramount importance, and for any middle class boy there are no names bigger than IIT & IIM, so when i got the coveted seat at IIM Lucknow ( i am born and brought up in Lucknow) it was a dream come true. Also apart from the dream coming true, there are various merits in choosing Lucknow.

The 1 year Program ( IPMX) is basically an International Management program and is covered at various locations.

1/ Lucknow Campus
2/ Newly established satellite campus at Noida
3/ International Immersion -which would be in USA this year. Prior batches had gone to McGill university Canada.

There are various advantages of studying at various locations. The Noida/NCR chapter brings us closer to the industry and leverages the Delhi advantage. CEO conclave, HR summits, Leadership Talk series, Guest lectures by eminent faculty and industry people really add value to the curriculum. The Lucknow chapter instills the rigour and knowledge base in the students, and the International chapter brings cross cultural skills and international exposure for the batch. Though 80% of the batch has international exposure, collective learning internationally would be an add on advantage, not to forget the fun element.

The faculty have thought deeply about the program and have made all the possible efforts to make this program truly International, in line with the name- International Program in Management.

I am glad i made the choice, and now i am a proud student at IIML and would be an IIML alumni for life. I hope i would be able to make seizable contributions to my alma mater in future..!!!

The third edition of IPL is moving steadily in the second stage.!! The teams have played in between 9 & 11 matches and still its unclear which 4 teams would make it to the semi-finals. Mumbai Indians are sitting atop of the table closely followed by Chennai Super Kings, Delhi Daredevils, Kolkatta Knight Riders,Rajasthan Royals & Bangalore Royal Challengers, not necessarily in the order.

Last years winners Deccan Chargers and Kings X1 Punjab are the teams at the bottom of the table and are most likely to miss out.Every day a new star is born, who plays an unbelievable match and wins it for his side. Shane Warne weaved his magic and drove RR forward.The other day Murali Vijay played a scintillating knock and helped CSK break the shackles. DADA is leading from the front as usual and guiding KKR and keeping them in the race. Sachin Ten200lkar is in sublime touch and has already propelled MI in the drivers seat..!!! No team can take their position for granted, and everyone is striving for the best. Viajy with 20 sixes and Pathan with 23 are the leading big hitters in this edition.!! Muralitharan the wizard was benched in the last match which Chennai won..!!

From the indian fans perspective IPL has something new every other day..!! I reckon as a few more matches would be completed a clearer picture would emerge and then it would get even more exciting..!! I was wondering which place to go for the semifinals so that the enjoyment is unparalleled…!!!

Whatever said and done IPL has revolutionized the cricket in India. Its become much more entertaining and exciting..!!!

Whoever wins the title, one thing is for sure. The spectators in the stadium as well as home are loving every match, every moment of the tourney..!!!!

I root for entertainment..:-)

There is an old adage: Knowledge is power which still holds true in todays fast paced life. It is also so very true in todays context of social Media.If you know something very important, the way to get power is by actually sharing it.This is against the traditional mindset that everything is your intellectual property, but chances are those information may already be available on the internet. If you don’t believe me, just “Google” it. So why not share the knowledge and build your own brand by becoming the top-of-mind “go to” source, albeit for a small community, be it for a unique proposition or be it for varied issues. The key is to earn the trust of the people. The community should value and realise your resourcefullness. If your readers perceive you as an authoritative source, they will see your advice as authoritative, and take it over the advice of others.If readers see your opinions as worth respecting, what you say will influence the way they act, or even the way they think. For Example If you have a unique collection of songs, why not share them with the community. It would help you build your brand as an expert in the domain of music,showcase your resourcefullnes, Varied taste, good knowledge. So start establishing your expertise by providing high value information with a stamp of authority. Now you would ask the question that why would someone be interested in listening/reading your viewpoints when viewpoints from other highly acclaimed experts are already available. My answer to that would be, that the way there are so many species on this earth, and all of them are living in their own sphere, there is always scope for something new, for one to build his own brand by showcasing his expertise.There would always be some listeners in this world. Also it could transpire in a knowledge sharing platform, beneficial for all and sundry. Why do i Blog..? I blog to increase my exposure to the world and also learn in the process and certainly improve the brand ” Gaurav Jalote”. The knowledge I have acquired through my education,my work in domains of Retail & Marketing or from my personal experiences do help budding Retail and Marketing professionals. If I don’t demonstrate my strengths, what I know or i have learnt why would you care to return to my blog and read it?? As a result my blog will become my social media platform to establish my personal brand, Also its the easiest form to showcase ones personality and interests and has no physical boundary. Also leverage social media such as Facebook, LinkedIn,Twitter, YouTube to create unique content that encourages members to come back.Quitely you will be able to build a fan base and become an influential brand on social media.The more conversation you generate, the more it would spread on its own.Search engines love such interactions and will lead them to your website, blog, or even tweets and which increases your influence/presence.By being influential you can increase awareness. Remember when you become interested in other people, they become interested in you.

In my earlier post i had given insights on our schedule for the first couple of days which was full of action,and left us with very little time for ourself.The Trend continued for the next 4 days-even when its supposed to be the induction period. I wonder what would be the situation when we get our class schedules and books tomorrow..!!! Anyways am excited and am hungry for the knowledge.

wrt to the past 4 days, there has been a series of sessions on Finance and accounting, Case study methods, business communication, and trends of management.The Profs are simple outstanding,loaded with information and blending fun with the teaching.!! Dr Devi Singh-The director of IIML also took a session for us.

Anyways Surprise of the week came, when on Sunday night at dinner we got a 32 page case study on L&T demerger. We had to pre read the case and be present in the class.Everyone was running helter skelter, discussing the case, over stretching the brain….and to our utter surprise the case was not discussed in class, instead a seperate Case Study was given and discussed..!!

Element of surprise is always maintained, but our class is really taking it in positive spirit. There are games of TT, pool happening in the hostel, with great enthusiasm specially for Cricket matches..!! well i am also super excited to be on the field and hit a few big sixes..!!!

Alas the CR has been elected today..!! A senior Surgeon has been elected as the CR, highlighting the diversity in the batch..!!

I just hope the enthusiasm and solidarity in the batch is maintained…which would truly make my stay at IIM memorable and enriching..!!!

Cheers

It was a long and arduous drive from Lucknow to Delhi, but the excitement covered up for the Fatigue. IIM Lucknow had planned for the Induction Program for the new batch of 1 Yr MBA at the new Noida campus and now i realise what was the motive behind it.

After i reached the hostel and parked my car i was promptly assisted by a young lad, who helped me with my luggage and took me to my room.The hostel is very good – Air Conditioned Rooms, Gymnasium, Entertainment room, TV room and a good mess to support. There was a constant buzz around with so many new faces around. Introductions were the norm of the day with some rounds of pool, TT and gossip.

As planned earlier we were supposed to stay in Noida for a couple of days and then the entire class was supposed to travel to Lucknow campus for a week, but were informed that the Lucknow Trip has been postponed. At the spur of the moment our class got together, and decided to utilise this opportunity to hob nob with the present batch and plan a get-together/farewell for the outgoing batch.Teams were formed to action the event. I was driving on the roads of noida with 4 new friends and searching for a decent venue which would allow us to stage a private party for 100 odd people.Other teams were scouting for momentos,arranging for transportation,working on the agenda for the program. The first signs of solid team work.

After hiiting the bed late at night, i we got ready for our first lecture. Alas back to school. After taking the IIM Lucknow pledge and lamp lighting the director of IIML gave an inspiration speech and talked about the changes in the course curriculum and vision of IIM Lucknow. Mr Sitaram- an IIMA alum and COO of Dabur was our first guest speaker. The whole class was mesmerized with the wealth of knowledge shared by Mr Sitaram. The session was followed up by a small photo session. The second guest lectures of the day was a renowned economist of India. The Vice Chancellor of JNU- Dr Bhattacharya. Interactive session on education.healthcare, world economics, recession, bankers followed. There were so many poistives to take away from bot the sessions,new insights gained, knowledge enhanced. Micro Lab and developing a personal road map were the next sessions. All in all the entire day brought in something new. The learning has started and on a breath taking speed. By the time we returned back to the hostel around 6, most of us were feeling tired, an over work for the brain, which would soon become the norm. The next 6-7 hours were follwed by rounds of meetings, intoductory sessions, GYAN sessions, planning for the farewell and by the time i hit the sack it was already 2 in the night.We have been told that this would be the norm for the rest of year, and by the time i graduate next year i would be a transformed man. The transformation has already begin.Its just a matter of time when we would realise that our ability to work harder and smarter has increased, ability to work in teams has improved, time management skills has increased and most importantly a structured thinking process inculcated..!! Looking forward to the sessions with the professors of IIML and post that the party planned for the outgoing batch. There is going to be fun, frolic, music and much more..!!!!!

I am a student now:-)