[akshra_fate]

Hello to all of you...

Life has been running at an unimaginable speed... Since classes started I feel i m a 1000 light years away from this planet.!!

Oh yes , life has been tough, hence a late introduction to our class of 2009.

To introduce myself... Well, I am a B. Com (Honours) from SRCC itself..passed out in 2006. After grad was placed in Ernst & Young and worked with them til I joined GBO in July 2007.

All aspirants of this course can come forward to discuss life here at SRCC.

[akshra_fate]

As of right now I am frisking through HR Fundas & lookin up for some gyan for tommorrow...

Well, wat is so special about tommorrow..?
Its a Saturday, people relax , n stuff... but i got a lotta work tomm believe me..
Coz we are havin out HR Summit and I hav a lot of work to do tonight... Its an important event where in Speakers from leading corporate houses and practice leaders in HR will speak to us and give us some insight into the emerging trends in HR...

To douse ur curiosity, I l write more on this once the event gets over tommm..
till then adios

[akshra_fate]

Today was the day of reckoning for me....

A huh wat..? well I suddenly realised HR has more to it than meets the eye...Today we at GBO SRCC had a great event lined up at India Habitat Centre, Delhi.

This is the annual HR summit organised by the college and its theme for 2007-08 was " New Vistas & Challenges" in the field of HR for the coming century.

The event kicked off at 10 A.M and ran uptil 5.30 P.M (PHEW!) Seven & a half hour session of intense brainstorming, intellectual exchange n of course enlightenment! It was the merger of great moghuls of HR & the ever so enthusiastic students of GBO.

There were in all 10 speakers with two technical sessions ie. pre lunch & post lunch respectively. The first session was centred around the hottest burning topic of HR today

"HR Outsourcing"

The speakers who spoke on this topic were champions & great practice leaders of HR representing Corporate India with experiences renging from 10 to 25 years.
our guests were Managing directors & HR head
Mr Raghvendra Upadhyay 'Indian Petro Group' (market intelligence)
Mr VP Singh 'Jaipuria Group of Industries'
Mr Vivek Gera 'Centurian bank'

The second session session had the discussion on one of the most critical & neck cracking topic "Diversity Management" speakers on this were:

Mr Sanjay Bose 'TAJ Group of Hotels'
Mr Vivek Kumar 'TATA Consultancy Services'
Mr Sushil Baweja 'DCM Shriram consolidated'
Mr Pankaj Dubey 'Yamaha Motors'
Mr Mohd Kahlid 'Jubilant Organsys' (pharma major)
Mr S Gupta 'EXL Services' (leading BPO)

U can very well see the diversity as firms from different n diverse industries as far apart as Pharmaceuticals, BPO, Hotels, Real estate, automobile, market intelligence, consultancy & various other sectors. This was an excellent knowledge sharing platform for the students of GBO.

Very well then.... m tooooooo tired to tell more about it...I learned two great things about Mahabharta & RAmayana today..!! U mus b thinkin wat is this....

Well it is HR that i learned thrugh this... for more watch this space tommorrow..

There r a lot of interestin things to share.... (YAWN) too tired today

[sandeep_kharb13]

ya it was indeed insightful nd adumburate into the real thing wich we as future manager r going to face and HUMANS r lynchpin for the success of the whole organisaion and the need of getting out of insular knowledge wich a particular company can have,it focussed
on d issues HR OUTSOURCING AND MANAGING DIVERSITY and terefore tere is gr8 need to denude................the covering of our incarcerated mind,especially the relevance of understanding the value of empathy wich is the core of sustainable long term mutually beneficial relationship.sympathy can never help u in maintaining equal relationsips and the importance of removing extraneous expenses and focussing on core competence areas.
the eminent speaker was rite in correlating the lesssons of mahabharta and ramayana in present day scenario, which is in sync with the spirit of VASUDEV KUTUMBKUM especially the example of krishna and the relevanc of such type of ppl in todays highly complex and globalised world, the topics of talent management nd motivation r highly informative and this willl help the future managers of SRCC -GBO
to better understand the challenges of management and strictures wich one has to face for entering into feral arena of globalisation:grab:

[sandeep_kharb13]

THE lectures of Mr. Rastogi sir are quite enriching, i would like to shed some gyaan on EBITDA


EBITDA stands for earnigs before interest, taxation, depreciation and amortization. It is basically operating income of the company and reflect true earling potential of the company.

EBITDA = Revenue - expences (cost of goods + general sales and admin expences) but before interest cost, depreciation and amortization.

Comparing EBITDA and EBITDA marginn between companies helps one to understand the operating efficiency of the company in much better manner.

However just relying on EBITDA can be dangerous also as it hides the interest cost and impact of leverage on operating efficiency as well as impact of asset as depreciation is not counted. A common misconception is that EBITDA represents cash earnings. EBITDA is a good metric to evaluate profitability, but not cash flow. EBITDA also leaves out the cash required to fund working capital and the replacement of old equipment, which can be significant. Consequently, EBITDA is often used as an accounting gimmick to dress up a company's earnings. When using this metric, it's key that investors also focus on other performance measures to make sure the company is not trying to hide something with EBITDA.

[nihilist1986]

@ akshara_fate..

hii... even am a pass out of 2006 batch B.Com(H) SRCC... first of all.. congrats to u.. getting thru GBO.. am still hunting for a b-school....I hvnt applied for GBO earlier.. can u pls tell me.. hws the paper of GBO.. hw many questions.. any GK section.. sectional cut-offs... difficulty level..

waiting for ur response..

thanxx !!!

[akshra_fate]

hey nihilist1986 Great to hear from a fellow batch mate!! wow the world is indeed a small place..

Which section were u in? who all did u know in colleg...?
mayb i can corelate.. nice hearin from u buddy

Well the GBO exam will be held around january & will have about 175-200 ques
Difficulty level will be on the same lines as of FMS paper
There will not be a sectional cut off probably
I had attempted close to 150 ques to qualify the written test
The cut offs are generally high as it is in the case FMS

There are GK ques..... n u gotta prepare for em, they range from history to geography to i dunno wat (of course Bizness)

I hope i was able to ans ur ques in the rite manner... plz get bak to me if u wanna know more...

[rimcollian_2001]

hey guys....(akshra n sandeep)..gud 2 c u ppl here! nywy...akshra has already mentioned abt the hr summit...the experience ws jst awesome.We thoroughly enjoyed the presentations given by the speakers..nywy...hope 2 c more such interactive sessions in the near future.

@nihilist1986: i wud suggest..dat rite nw jst concentrate on cat.As akshra has already mentioned , gbo xam is on the lines of fms. for gk..it can b nythn..u can get questions on histry , geogrphy , current affairs , science , biz...etc. The exam will b held in the month of jan..most probably a week after the fms 1...last time there were 160 questions..there is no sectional cut off as such.

[prachi.makker]

Hey Sandeep..ur info on EBITDA was really informative....!! but plz post some more info about the window dressing aspect of the concept..n how it can lead to discrepencies...!!

[sandeep_kharb13]

hi prachi, it can be explained

The 1980s were the heyday of the use of so-called "junk bonds" (high-risk, high-yield bonds) to finance Leveraged Buy-Outs (LBOs). In a leveraged buy-out the target company's assets are used as security for loans acquired to finance the purchase. Attention became focused on EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization, "operating cash flow") as a means of assessing how well a target company could generate the necessary cash to make loan payments. Highly acquisitive companies increasingly began to stress EBITDA rather than net income. Many investors, suspicious of accounting tricks used to boost earnings came to rely on EBITDA as a superior metric of corporate health -- because cash flow is more difficult to manipulate than earnings. but in reality its not an exact measure of calculating cash flow wich i have already mentioned, so the comapnies can manipulate it show higher cash earnings and misguide the investors,

Warren Buffet has been harshly critical of EBITDA, saying that "interest and taxes are real expenses".