XST: XIM Standard Time
Normal daily routine of a guy at XIMB
8:45 XST: Wake up time...the alarm goes off....
8:48 XST: The alarm which you conve...
XST: XIM Standard Time
Normal daily routine of a guy at XIMB
8:45 XST: Wake up time...the alarm goes off....
8:48 XST: The alarm which you conveniently ignored earlier ...goes off
8:50 XST: You finally wake up
8:51 XST: A quick trip to the loo
8:55 XST: You wake up ppl...who'r still in a slumber
8:58 XST: You dash to the class.
9:00 XST: If you are lucky you make it to class, JIT (just in time)
9:02 XST: The ones who are not so lucky, make an entry into class, some
would be asked to leave, if you are lucky, you get to attend the
class, but no attendance for u, if you are really really lucky...the
9:05 XST: Attendance done...time to doze off in class
9:10 XST: Man when does this class end
10:25 XST: Yawn....of the class is coming to an end is it???
10:30 XST: Damn cmon prof....you gotta let us go now
10:31 XST: Hey prof CMON
10:32 XST: Finally...you're out
10:35 XST: Breakfast time
10:59 XST: What time for the next class already...DAMN
11:00 XST: Class 2...more or less the same as class 1
12:30 XST: Time for lunch..or is it time for another nap...
12:45 XST: Lunch!!!
13:15 XST: Do i have to bathe today???
13:20 XST: Do i really need to bathe...
13:30 XST: ok guess its been days since i last bathed...
13:50 XST: Damn another class....what about my nap...
14:00 XST: Class 3..... read what happens in class1
15:30 XST: Class ends....time for a coffee...
15:35 XST: You sip coffee peacefully.....
15:45 XST: Class 4, what a quiz...a surprise quiz....how come the other
section gets to give it in the next class...how come no
15:46 XST: Damn was this ever discussed in class...i can't seem to recall
15:59 XST: Thank god its over...lets hope..everybody got it wrong..that
way..it really doesn't matter..
16:00 XST: Time to sleep again
17:15 XST: Yawwnnnn...oh the class got over is it..
17:16 XST: Snacks time.....
17:30 XST: Time for football...time for tennis...time for badminton....
18:15 XST: Can't i bunk the next class...how about a proxy...
18:36 XST: You make it class...a whole 6 mins late...
19:15 XST: You need to be excused....you take a loo break...you walk out..
19:16 XST: You change your mind ...you don't wanna go back.....plus ...its
time you've been to sandy square...this is the time..when all the
pretty faces turn up ..there..you head to CCD..
19:20 XST: You get an SMS from a frnd in class "Dude ...why aren't you
yet, prof just announced a surprise quiz.....he's bolted the door"
aaarrrrrrrrggggghhhhh..you just lost 15% of your weightage....damn
20:14 XST: You just realise ...thats its a 6 class day....and todays the
20:15 XST: What another class....when does all this end..
20:30 XST: You turn up 15 mins late...
21:00 XST: Sir, can we end ...the class now...its been a long day...
21:01 XST: Just a few more mins..son...i promise to end the class 5 mins
earlier...(thats still 40 mins away)
21:30 XST: Sir can we end now puhlllllllease....sure sure....just a few
21:45 XST: You start getting up to leave...its times the class ended...
21:46 XST: Just a min son, i know i promised ...we'd end early...but i
explain this....cmon..we'd can start something...new next class
21:50 XST: Finally it ends..
21:51 XST: Thank god the day is over....well is it...
21:52 XST: There's a commotion in the porch area...
21:53 XST: What the hell's happening......WHAT .... assignment......MC
assignment and it NEEDS TO BE SUBMITTED BY 11:59 tonite.....when was
announced.....there was nuthing on the notice board...when you chkd at
8pm...it just got announced.........
21:54 XST: WHAT ABOUT THE DINNER THAT WE HAD PLANNED OUTSIDE...
21:55 XST: You rush to the mess...and finish off dinner.......
22:00 XST: What did i have for dinner anyway......well does it really
22:10 XST: You try and understand what the assignment is all about..
22:15 XST: You ping your grp mates....(thank god...they invented instant
messengers )....Guys get your ass down to my room ASAP..
22:40 XST: Your first grp mate arrives..."Man i buzzed you 20 mins
Sorry man..i just got your ms"..."What about others"...."Well who
elses there in our grp"
22:41 XST: Oh yeah good question...let me chk...
22:45 XST: Hey class rep....who all did you put in my grp...
22:46 XST: Class reps no where to be found....
23:00 XST: Class reps finally found...hey who all in my grp......the reply
"Chk grp listing on the intranet - The grps were made by prof"
23:05 XST: Damn why didn't i think of that...
23:15 XST: Distress call...you send a msg on the LAN mssnger "My grp
mates...whoever you are....please come to my Room ASAP...with regards
the MC assign...please please please come..."
23:20 XST: Whats the point...the msngr seems to be flooder with similar
23:25 XST: You decide to deal with the assignment ...with just the 3 of
grp mates..who decided to turn up...hell with the rest...
23:30 XST: Google.com.... you copy paste...the question as mentioned in
assign......you do manage to get some results......download some
23:40 XST: You start copy pasting.....your doc seems to building up... hey
not bad...i think we can finish it off...Hey Hey add the
the names of the grp member..ok done..
23:55 XST: You are pleased with your work..... man time to upload...you
gotta hurry....deadline 11:59 sharp...else the intranet won't accept
23:58 XST: You login to the ..intranet//
23:58 XST: Where do i upload...wheres the damn link.....oh yeah found..
23:58:52 XST: NOTICE ON SOME SCREENS ..... UPLOAD COMPLETE....UPLOADED BY
USER U104082 at time 23:58:52..
0000 XST: Notice on some screens
"DEADLINE HAS EXPIRED" You cannot upload .... please contact the
0001 XST: What the f......... i did upload ...i upload well before the
deadline....you finally come to realise that your system clock is not
synchronized with the server lock.....DAAAAAAMMMMMMMMNNNNNNNN...thats
another 15% lost...
0200 XST: You while away time..... happy at completing the assignment (or
cribbing over failing to upload ....in some cases)....you get a
0201 XST: You read the msg "Hey....we got a presentation ...at 9 in the
morning....i forgot all about it......didn't realise it was our grps
turn...so what say ...we do that now???? "
0202 XST: what again.......you are too dumbstruck to even think...you
reply...."ok sure....i'd be in your room in a few mins......inform the
girls as well...make sure everybody's there"
0215 XST: You walk into your frnds room...everybodys there... except for
girl...where the hell is ...she...
0220 XST: After some frantic calls to girl2, girl1 says..shes taking the
ximb walk...with.. ..you know who....
You scream....."She better be here...or else...shes thrown out of
0230 XST: Girl 2 finally shows up "Sorry yaar...was just discussing
...todays quiz with......" yeah whatever...
0345 XST: Presentation..doesn't seem to be making sense....2 of your grp
members have dozed off....
0400 XST: Two members leave.....
0415 XST: the three of you who are left.....finish off....the
presentation....pleased with ur work...at least thats what you think
0430 XTS: Its been a horrid day...time to crash..
0845 XTS: Man ..i gotta dress up for the presentation... man i need to
0905 XTS: You arrive in class..clean shaven, your clothes are unironed
0910 XTS: The class is waiting for u to start..with your presentation..oh
you've forgotten the pen drive...well never mind...take it off.. your comp
on the network...damn i forgot to share the folder.....ok ok ...never
mind..you can map your drive....don't worry...oh yeah...i can ......but
wouldn't access.....DAMN i had turned my comp off..............
and so the saga continues.......
the routine continues....every single day........
Hello! I post to share some gyaan on a phenomenon we've been hearing about a lot in recent times. The depreciation of the Rupee has sparked a national debate on its long term repercussions on growth and inflation. I've tried to keep it really simple, do let us know if you like it.
Rupee goes sky diving!
Over the past few months, we have seen the rupee become a senior citizen and it continues to age faster than everything else except the price of onions. Let us examine the immediate reasons that caused this sudden fall in exchange rates vis-à-vis the US Dollar. At the outset, we must remember that currency exchange rates are relative to a strong and stable currency, like the US Dollar, and hence any 'rise' or 'fall' is always relative.
On June 19, 2013 the outgoing Chairman of the US Federal Reserve (The central bank of the US), Ben Bernanke, announced a gradual tapering of the Quantitative Easing policy that had been in place since the great recession of 2008. Under this extraordinary monetary policy, the US Fed stimulated the national economy by buying up mortgage-backed securities and assets from commercial banks and other private institutions to artificially inject more money into the economy to keep the interest rates low. However, having completely recovered by now from the crisis, the Fed decided to announce the tapering. As a result of this announcement, the faith of the investors was reinforced in the US dollar and there was great demand to withdraw US dollars invested around the world, so they could be invested back in the US economy. This resulted in a huge demand for the US dollar; the supply was simply not adequate. By the simple law of demand and supply, the price of the dollar touched the sky. Hence, in relative terms, most currencies, especially in the developing world, took a big blow and depreciated by vast amounts against the dollar. The biggest loser was the Brazilian Real which has depreciated close to 20% in recent times, followed by the Indian Rupee at 15%.
The Indian economy, with its huge current account and fiscal deficits, and a large dependence on costly yet vital imports like petroleum has been hit hard, as it directly translated to increased costs of imports. Only a few export-oriented sectors like IT and Pharma have gained as they have been able to earn more riding on the increased value of the Dollar payments they receive from foreign clients (TCS & Cognizant have recently posted impressive quarterly results). The Reserve Bank of India has done a commendable job, given the limited resources at its disposal, in checking the fall of the rupee to whatever extent it could. It has been forced to take extreme measures like capital curbs (reminding us of the 90's), which limits the amount of money that can be invested by Indian corporations abroad and also limits remittances. This means that India Inc. will now be forced to slow down on the acquisition spree it has been on, in recent times. Foreign Institutional Investor (FII) confidence in the Indian economy has plummeted to an all-time low, and there is huge outflow of the dollar depleting the capital available. The crisis in the Euro Zone has further strengthened the dollar (and hence weakened the Rupee) as panicky investors sell more and more Euros to buy dollars.
The Indian Economy needs to deeply restructure and reform its strategy to attract investors on a political level and take drastic measures to improve the quality and quantity of Indian exports to address the huge gap between imports and exports.
Here's hoping Ex-IMF Chief Economist and newly appointed RBI governor Raghuram Rajan can provide the Midas touch as he takes charge to fight an ever expanding current account deficit, and very realistic threats of low GDP growth and high inflation. We wish him all the best!
IlluminatiX – Media & PR Cell, XIMB
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On 25th July, 2013 I boarded a train alone for the first time, at the ripe old age of twenty-four! I was going home from XIMB, to spend the weekend after the mid-semester examinations. Yes, my stay at XIMB is the first time I am away from home, ever! All my life, my ...
The First Train Ride Alone
On 25th July, 2013 I boarded a train alone for the first time, at the ripe old age of twenty-four! I was going home from XIMB, to spend the weekend after the mid-semester examinations. Yes, my stay at XIMB is the first time I am away from home, ever! All my life, my schooling, my engineering under-graduation, my job, everything was based in my home city, Kolkata. On 9th June 2013, I boarded a train, not alone, to come to XIMB, which is my home now and will be for the better part of the next two years. So needless to say, this is the longest I've stayed away from home. So when the time came to go home after six weeks here, it was new experience for me. I told myself, “How hard can it be?”, and plunged into it without hesitation.
On reaching the station, I realized just how uninformed I was about travelling in trains. I did not know previously that train coach numbers came up on electronic boards on the platform. I had asked at least five different people how I would know where the compartment was where I had to get on. The waiting time was just five minutes in Bhubaneswar, so I was worried about missing the train (your regular 'Jab We Met' moment).
After getting on the train itself, there was another surprise waiting for me. The train was the Puri-Howrah express. So, it had already travelled one and half hours before it reached Bhubaneswar. The time when I boarded the train was just before twelve o'clock. What greeted me in the compartment was darkness! Everyone had already made their beds and fallen asleep! I don't think I have to point out that life is in full flow at any B-School at Midnight. So, in six weeks here at XIMB, I had gotten used to that lifestyle as well. Unfortunately, I had no option but to tie up my suitcase, make my bed and pretend to fall asleep. Sometime later, a serious looking Ticket Checker turned on an overhead light and asked for my ticket. On being satisfied by what I produced, he left, leaving me, again, alone in the darkness. I knew there was no way I would fall asleep that early. So I decided to spend some time playing Blobby Volleyball on my cell phone. Eventually, the phone started making noises indicating low battery, so I had to give on that avenue as well. I resorted to looking out the window. It was raining. I could make out that there was a strong wind blowing from the way the trees were moving. I saw some headlights but couldn't make out if they were from a car or a tractor. Eventually, I grew tired of looking out into the darkness and decided to call it a night. The time was almost 2 a.m.
When I woke up the next morning, I had almost reached Kolkata. The weekend which followed was refreshing. I caught a train the night of 28th July for Bhubaneswar, my second train journey alone…
Author : Abhishek Sinha
XIMB 2013-2015 batch
Author: Abinash Sahoo ( @abinash.87 )
Riveting young minds yet again: Shashi Tharoor visits XIMB campus
3rd October 2013, Bhubaneswar, Odisha“Be bold, take risks and think out of the box” said Mr. Tharoor while addressing young students and faculty at The Xav...
Riveting young minds yet again: Shashi Tharoor visits XIMB campus
3rd October 2013, Bhubaneswar, Odisha
“Be bold, take risks and think out of the box” said Mr. Tharoor while addressing young students and faculty at The Xavier Institute of Management Bhubhaneswar in an event organised by Illuminatix, The Media and PR Cell of XIMB, in collaboration with the New Indian Express. The Minister of State for Human Resource Department and Member of Parliament, he needs no introduction. Politician, writer, orator, philanthropist and a leader, Mr. Tharoor is an achiever in the true sense. In an enlightening session today, he shared his valuable comments about India and its future.
Overwhelmed by the welcome, Mr. Tharoor started the session with a funny anecdote and set the pitch for the event. A rather friendly an interactive session pursued, as the house was opened for discussion. He expressed his dynamic ideas about the transformation, the Indian education system needs to undergo. He said, that “Today we just don't need to answer the questions but, begin to question the answers”. He also advocates envision of minds, who have the ability to simplify ideas and have a streak of creativity.
Stressing upon the quality of education imparted, Mr. Tharoor asserted on the 4E's we as a country need to concentrate upon. Expansion, Equity, Excellence and Employment are the four major areas which if given due time and effort can propel our education system towards success. He also said that “In India, irons of success float in the sea of mediocracy”, implying that the value of excellence is not duly recognized and millions is spent every year trying to polish the existing talent pool of India.
As an answer to a question posed by a student, he said that the greatest threat India faces today is the incompetence and rampant illiteracy among youth. He feels, India can become 'the Workhouse of the World' if only, these young minds are well educated, trained and directed towards a larger goal. Being extremely inclined towards social media, he insisted upon the fact that social media was a huge asset for human achievement and should be wielded properly for bringing out sensitive issues to light.
In the end, Mr. Tharoor on a closing note emphasized on the fact that, India is a land of original thinkers and we need to buck up and make it big.
lluminatiX, the Media and PR cell of XIMB, is instrumental in maintaining the media & public relations of XIMB, documentation support, designing and actively covering the activities of all the other student committees. They work in close sync with the administration of XIMB to provide a smooth flow of information within the institute as well as handle the external linkages, which includes maintaining cordial relations with other premier B-Schools, the media and the corporate. IlluminatiX also handles the press coverage for all events that take place at XIMB.
The Xavier Institute of Management, Bhubaneswar (XIMB) is a premier B-School in India. Since its inception in 1987, XIMB has quickly risen up the ranks to establish itself as one of the leading B- schools of the country. The institute believes in imparting quality management education with a human face. The institute offers three flagship courses in PGDM, PGDMHRM and PGDMRM.
Author: Aditi Mohanty ( @Aditi_0210 )
XIMB hosts Dr. Shashi Tharoor in Campus“The true hallmark of being educated is n...
XIMB hosts Dr. Shashi Tharoor in Campus
“The true hallmark of being educated is not answering questions in the examination but getting prepared to answer the question concerning the biggest exam, i.e. Life” said Dr. Shashi Tharoor in reply to a poser by a student of Xavier Institute of Management, Bhubaneswar. He added that “Our nation needs well-formed minds and not only well-filled minds, which can create, synthesise and communicate new and innovative ideas”. Dr. Tharoor was addressing a gathering of more than 500 people, which included both students and faculties of the institute, received a huge round of applause and a standing ovation for the awe-inspiring answer.
Currently the Minister of State for Human Resource Development, Dr. Tharoor is also an United Nations peace keeper, human rights activist, refuge worker, award winning author of thirteen books, as well as hundreds of articles, op-eds and book reviews, expanding his realm of experience into umpteen fields. Dr. Tharoor has completed his high school in St. Xavier's Collegiate School, Kolkata which is also under Jesuit Universities, as is XIMB. The colleges and institutes under Jesuit, he said, are renowned for their rigorous, but outstanding curriculum.
To another question raised by a student regarding education in India, he replied “The motive behind RTE act is to increase the Gross Enrolment Ratio in schools and colleges, which normally decreases as students ascend from schools to colleges. The focus lies on 4 E's which are Expansion, Equality, Excellence and Employability, i.e. improving the quality of graduates of the country.”
He was also praised the enthusiasm shown by the girls of the Institute and was appreciative of the good representation of girls in the Q n A session. To a question raised by one of girls about the quota system, Dr. Tharoor replied “Quota or Reservation is an entrenched acquired right. The unanimity amongst all the political parties makes it a battle not worth fighting for”. But he also said that the backward communities in our society need to be given proper incentives for development”. Having been awarded the Digital Person of the Year by IDMA, Dr. Tharoor is one an avid user of Twitter and stated that social media is a huge asset for human activists and its potential in serving humanity has not yet been utilized to the fullest. Talking about the his recent proposal of creating a high court bench in Trivandrum, the 2nd in Kerala he said, was important as there were increasing number of cases that remained pending and got delayed which has led to frustration among the people. He believes that being a Member of Parliament from Trivandrum, it was his duty to take this forward and address it swiftly.
Dr. Tharoor was pleased that he could spare some time out to interact with the young minds of XIMB, which he feels are the biggest strength of India. XIMB was established in 1987 and has been imparting niche education in management and carved out some of the best business leaders in the nation.
Holidays from tomorrow..At XIMB where terms like 'work' 'pressure' 'busyness' get re-defined, the holidays are a welcome change. But strangely, it comes with an emotional pinch. A gap of an entire week where : you don't see your friends, no knocking at your door for the early morning classes,
no guest lectures, no having lunch together, no fighting for fruit salad in the evening, no nerve-wracking assignments, no sudden mails for a batch-meet, no quizzes, no late-night committee work, no two a.m. maggi, , no four a.m. walks.... However hard it seems, Life @ XIM, Bhubaneswar is epic. One can never get enough of this life..
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USE OF BIG DATA IN RURAL MARKETING Big data includes data sets that can go beyond the ability of commonly used software tools ...
USE OF BIG DATA IN RURAL MARKETING
Big data includes data sets that can go beyond the ability of commonly used software tools to capture, curate, manage and process data. In simple words, big data is the huge amounts of information that needs to be collected, analyzed and then processed. However, traditional computer programs cannot accommodate such large data. As of 2012, a few dozen terabytes to a many petabytes is considered as big data although the big data size statistic is constantly moving and is not constant.
Big data can be of strategic importance in the rural sector. Two decades ago Wal-Mart decided to increase its market size by penetrating the rural communities located in the smaller towns and villages of the United States so that their services are available to everyone and thereby maximized their profitability. Wal-Mart used the data collected by their previous ventures to understand the consumption needs of these rural households and also selecting appropriate locations to open their stores. Thus, Wal-Mart are known as the “merchandising pioneers in big data” as its analysts deciphered the data collected from millions of customers to tap into the needs of rural America. Online retailers like Amazon and e-bay soon followed suit.
The use of big data has helped the producers and retailers to better understand the need of the rural population. One of the ways in which it has helped retailers and manufacturers is in optimally pricing their goods. They could now understand competitor pricing, consumer behavior and inventory analysis that would help them to price a particular good at the optimum price. This has enabled both on-site and online retailers to price their goods at a price that replicates the market demand and the market supply in the rural sector which ultimately also benefits the rural customer. An example of this is how FedEx used big data and understood that customers are willing to pay a bit more if FedEx can deliver their shipments at their home on a Sunday.
In addition to this, marketing campaigns can be tailor-made to suit the perception of the rural customer. This could be done by analyzing the time spent by a customer perusing an inventory on an e-commerce site, pay-per-click data, online coupons or printed and televised advertisements. To add to the mix, big data also facilitates improvised store operations, better staffing policies and helps to provide more accurate decision support.
When we speak of the big data analysis by large firms in rural regions, we find that only the retail sector has been successful in this regard. The results of the use of big data by firms belonging to another sector in the rural regions are still unknown. In addition to this, big data collection, analysis and processing are neither easy nor cheap tasks. Also, what works in the rural regions of one country may not necessarily work in the rural regions of another country. For example: It is easier to collect data from rural communities in America than it is to collect data from rural communities in countries like India. This is due to the educational threshold, technology acceptability and the cultural differences between the people living in the rural regions of both the countries.
firms should not merely rely on just big data analytics as a magic spell to
increase their market size by tapping into the rural market. Big data analytics
should be employed after a careful SWOT analysis of the business plan.
- Kartik Chopra ( @kartik_barca ) | PGDM BM 2013-15 | Xavier Institute of Management
Fair Days: 5-6 Oct, 2013.
When I joined XIMB 2 yrs back I knew a day will come when I shall be writing down my XIMB experiences, never actually realized that day came so soon. The transition from being an aspirant to being an alumni of one of the premier institutes of the country has actually happened at the bat of an eyelid. It still feels like yesterday when we actually walked into this campus, all dreamy eyed, chests all pumped up at making it to one of the top notch B schools. And then the grind started. From those late night batch meets to 'smiles-no more-gratis' expressions of the professors. And those innumerable mails, now don't be flabbergasted if I say in the span of 2 years your stumail (oh thats an XIMB lingo for your institute generated mail) gets flooded with an average of about 3000 mails ranging from intimations about companies coming down to campus to threats from the Student Council for missing out that mandatory meeting the previous night to your faculty flashing a threatening 'F' (probably the first of your life) in the end term for getting that perfect 0 in his last conducted quiz. But the best of the lot is perhaps the forced-infatuation-turned-love for the letter X. Yes this is truly an X-rated institute. Everything in XIMB either starts or ends with an X. So you have most committees name ending or beginning with X. You have the life saving Xcafe. The most coveted X of all X-walk which you take, preferrably at night and especially when your assignment mates would be calling/texting/pinging/and finally cursing you to turn up to complete the much delayed and deadline approaching assignment, with that special person(s) (and in most cases it has known to go into plurals).
But when i go in retrospection what two years of life I had at this place. Those days of attending classes with sleep laden eyes. Trying to steal naps in ongoing lectures and getting caught by the prof and then so politely being asked to summarize all that has been said and coming up with an 'I have no idea of where i'm' kind of an expression and seeing your so treasured Class Participation marks being so ruthlessly deducted . Not bathing for daysbecause bathing is a wastage of time which otherwise could be used in blissful activities like sleeping until your roommate threatens to kick you out. Those committee meetings where you pretend to be most active but all the time stealing glances at the watch waiting for the night mess to open. Going sleepless for nights at length preparing the toughest business simulation game in the country and the well earned smirk when you see the participants crack their brains trying to solve it out and yet end up no where close.
Truly I miss those days when you have the burden of carrying forward the legacy of organizing one of country's biggest B school fests. When you take up and deliver successfully the challenge of organizing a TEDx event in a span of just 3 months only because you were working with such an awesome team who share the shame vigor as you of seeing it happen successfully. I miss those innumerable pizza and sub parties for such trite reasons as that crush in your senior batch smiled at you. Truly those were the days. I walked in to this place with 340 strangers, and I walked out with 340 friends and this is my most treasured takeaway from this place. There was a time when I used to drive down and look up at the glass pane building sighing when will i make it here and there is a time now when i drive down and look up at the same building sighing I miss this place. XIMB truly makes you miss it and it does so big time. Cheerios