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NMIMS FT MBA batch 2013 induction/orientation presentation
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The Post Crisis ManagerRahul Deodhar
What is induction?
Things you need to know:All your education was wrong.You need something else to succeed.You may get it at NMIMS if all of you work for it.3
MBA Basics Crisis Third
Wave
Post Crisis MBAs
Must Do for MBAs
MBA Basics
B-School Myths
Raise you right hand!
Attitude matters
Pyramid Principle – Barbara Minto
Life is unfair. Get over it.
Inter-personal Skills
Sheep, Tiger and the Lions
Give Respect
WIIFM / WIIFH
Listen
Be genuine
Time Management
Time to goal vs. time sheets
Sweat Work vs. Think work
Power of Routine
Multi-tasking
Time Management - Randy Pausch
Career
Who do you want to be?
Finding your Element - Sir Ken
Get yourself a Mentor
Build a Network
You are the average of the five people you spend the most time with. – Jim Rohn
Salary V Profile
It’s the Economy stupid!
The Crisis
Legs of the Crisis4
Regulatory subversion1
Robo-signing
Teaser Interest rates
NINJA
Marked to Market
Theoretical Over-reach2
Hoodwink the probability of default
Real Estate Prices
Derivative Pricing
Insuring risks – AIG story
Broken Economic system3
QE vs. Inflation
Monetary vs. Fiscal stimulus
Growth and Jobs
Trickle-down economics
Illegal activities4
Overstating Income
Credit Card Frauds
Front running
Selling Junk
Lessons6
Data, statistics, probability1
Data in Modern Research
Historical vs. future behavior
1 in a million event
Understanding Risk2
WYSIWYG Vs Nelson
Unknown-unknowns & Black Swans
Margin of Safety
Regulation as constraint3
Upcoming regulatory backlash
Claw-backs and caps
Single window clearance
Theory in flux4
Modern Portfolio Theory
Closed system vs. Open system
Markets are self-correcting
Morals and Ethics5
Company’s moral compass vs. yours
Remoteness of damages
Proactive stance
Ownership V. Management6
Liability of Board Members
When in doubt - disclose
Do no evil
The Information Wave
Ubiquitous Connectivity
Portability
Big data
Spam threshold
Technology is a tool
Power of Video
The Post-Crisis Manager
Blatant Integrity
Ode to the Whistleblower
Iatrogenics
Cassandra
Love Adversity!
Fail fast, Fail often, Fail safe
Global Politics and Economics
Learn - Unlearn
Crowd Accelerated Innovations
How does success look like?
Make Art!
Must Do MBAs
Read! Yes, but what? how?
Mags? Books? Blogs?
Research Papers – JSTOR /SSRN
G+, Feedly, Twitter, Kindle
Interact – Email, G+, Hangout, Twitter
Use your smart phones - smartly
Must Read Books• Personal Development
– Snapshots from Hell – Peter Robinson– Man’s search for meaning – Victor Frankl– Alchemist – Paulo Coelho– Awaken the Giant Within – Anthony Robbins– How to win Friends and Influence People– Sir Ken Robinson – Find your Element
• Manager basics– Straight From the Gut – Jack Welch– Nuts – Kevin Freiberg– Maverick – Ricardo Semler– Goal – E. Goldratt– Seth Godin - Lynchpin / Icarus Deception– Charles Handy– Peter Drucker – ALL Books– The Lords of Strategy – Walter Kiechel– Organisation Man – Whyte– Porter - ALL
• Marketing Basics– Zig Zagler– Seth Godin - Permission Marketing / Triiibes / Blog
• Finance Basics– Rich Dad Poor Dad – Robert Kiyosaki– Phillip Fisher– Benjamin Graham– The Shipping Man – Matt McCleery
• Financial Crisis– Liars Poker – Micheal Lewis– A Call for judgment – Amar Bhide– Too big to Fail – Andrew Ross Sorkin– Econned – Yves Smith– Faultlines – Raghuram Rajan– Subverting Capitalism and Democracy
• Global Crisis– Disaster Capitalism – Naomi Klein– Superclass – David Rothkopf
• Changing World– The Long Tail – Chris Andersen– Understanding Firms– Alvin Toffler– Dan Pink
Must Read - Regularly• HR / Job related
– Evil HR Lady– Penelope Trunk
• Marketing– Seth Godin
• Must Read Magazine– Economist– FT– Mint– Business Standard
• General Readings– Tom Peters– Fred Wilson (and Gotham Gal)– Mckinsey Quarterly– Knowledge@Wharton– Project Syndicate– Edge.org
• Shameless Plug– rahuldeodhar.blogspot.com– Understandingfirms.blogspot.com
• Finance– Gillian Tett– Martin Wolf– Michael Pettis– Paul Krugman– Scott Sumner
• India– Subir Gokarn– Sonal Varma– Abheek Barua– Tushar Poddar– A.V. Rajwade– Ajay Shah– Ila Patnaik
Must Watch• Randy Pausch
– The Last Lecture– Time Management
• TV Shows / Videos– Wealth Track– Max Keiser– The Daily show– The Firm (India)– Moneylife Foundation
• HBS video-cast (various topics)• Bird and Fortune
– Financial Crisis– Subprime Crisis
• TED Talks– Hans Rosling– Yochai Benkler– Sir Ken Robinson– Bill Stone – Moon– Bill Gates on climate change
• Bill Moyers• Seth Godin on Triiibes• Documentaries
– Pots Pans and Other Solutions– Micheal Moore – Capitalism the love story– Smartest guys in the Room Enron Story
• Podcasts– EconTalk– Stanford on business– Economists– Bloomberg News– FT– Business Insider– Zite
• Videos in general– Jeremy Grantham– Hugh Hendry– Marissa Mayers– Sheryl Sandberg
Questions?
Success comes to those who prepare for it!It’s time to PREPARE!