Wednesday, December 21, 2011

The floor of the New York Stock Exchange

Books of Account
King of the Club
Charles Gasparino
(http://www.landmarkonthenet.com/)

Showmanship on stock exchange

What was the reception that Dick Grasso, the chairman and chief executive of the New York Stock Exchange from 1995 to 2003, got from top technology companies in the mid-1990s? Cold, one learns from ‘King of the Club: Richard Grasso and the survival of the New York Stock Exchange' by Charles Gasparino.

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Retaining and motivating leaders

Books of Account
Transforming Capitalism
Arun Maira
(Westland)

Carrot-and-stick systems

At a time when the debate about soaring executive compensation rages on, what is required of our CEOs is to examine the underlying theories driving the design of their systems for retaining and motivating leaders, writes Arun Maira in ‘Transforming Capitalism: Improving the world for everyone' (Westland).

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Wednesday, December 14, 2011

Simple forecasting disciplines

Books of Account
Ahead of the Curve
Joseph H. Ellis
(http://www.landmarkonthenet.com/)

Let go of anecdotal economics

Teaching of economics needs to include a more pragmatic approach, says Joseph H. Ellis in ‘Ahead of the Curve: A commonsense guide to forecasting business and market cycles'. He argues that both the beginning and advanced students need to know more about the relationships between key macroeconomic data series, especially how these series have played out against each other over time.

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88 time-tested Mafia strategies

Books 2 Byte
Mob Rules
Louis Ferrante
(http://www.landmarkonthenet.com/)

Mafia lessons for business

Niccolò Machiavelli tells us to gain and keep the upper hand by any means, that there is no such thing as justice, honour, or integrity, and that morality should play no part in our dealings, unless we are pretending, but he failed to address that little idea called karma, writes Louis Ferrante in ‘Mob Rules: What the Mafia can teach the legitimate businessman’.

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Financial planning

BookValue
In Search of the Perfect Model
Mary Rowland
(http://www.landmarkonthenet.com/)

Holistic financial planning

To those who are looking for ‘the distinctive business strategies of leading financial planners,' a handy reference can be Mary Rowland's ‘In Search of the Perfect Model'. Though not a new book, it introduces you to the world of advisers who continually raise the bar, to ‘some of the most creative minds in the industry.'

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Many choices but only one customer

Book Mark
The Old Rules of Marketing are Dead
Timothy R. Pearson
(http://www.tatamcgrawhill.com/)

It pays to stick to the core

Marketers cannot sit idly by and let others make decisions on customer service, reputation management, pricing, distribution, or the myriad other issues that must be confronted; marketing must lead, says Timothy R. Pearson in The Old Rules of Marketing are Dead: 6 New Rules to Reinvent Your Brand & Reignite Your Business.

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Friday, December 09, 2011

When facing an economic crisis ...

Manage Mentor
Banker to the World
William R. Rhodes
(http://www.tatamcgrawhill.com/)

Quick solutions, home-grown

When facing an economic crisis, the clock is always running against policymakers so they should act rapidly to implement the necessary reforms and programmes to avoid further deterioration, writes William R. Rhodes in Banker to the World: Leadership lessons from the front lines of global finance.

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Value chain analysis

Books of Account
Markets and Rural Poverty
Jonathan Mitchell and Christopher Coles
(http://www.idrc.ca/)

Poorest on advantageous trajectories

Stated simply, ‘improvement in road infrastructure' may sound like a drab phrase. But, to farmers in Siay in the Philippines, it meant ‘significant improvements to the efficiency of the kalamansi value chain,' informs ‘Markets and Rural Poverty: Upgrading in value chains,' edited by Jonathan Mitchell and Christopher Coles.

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Trading styles

BookValue
The Greatest Trades of All Time
Vincent W. Veneziani
(http://www.wiley.com/)

Lessons from master traders

The opening chapter in ‘The Greatest Trades of All Time: Top traders making big profits from the crash of 1929 to today' by Vincent W. Veneziani is about J. Kyle Bass, a hedge fund manager from Dallas, Texas. Why so? Because he was one of the youngest managers in the business to spot the subprime mortgage crisis coming and to actually place a large bet on it, explains the author.

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Friday, December 02, 2011

Monitoring and enforcement

Books of Account
Economic Analysis of Institutions
V. Santhakumar
(http://www.sagepublications.com/)

Cost of unlawful action

A question that most of us can relate to is, “Do citizens' actions compensate for the weak enforcement of laws?” Devoting a chapter to this poser, V. Santhakumar writes in ‘Economic Analysis of Institutions: A practical guide' that poor enforcement of laws, such as of environment, creates social losses, which in turn encourage citizens to act by filing PIL (public interest litigation) or resorting to civil disobedience actions.

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China, in the path of US

Books of Account
A Contest for Supremacy
Aaron L. Friedberg
(http://www.wwnorton.com/)

Blueprint of the China edge

Do you see a silver lining in the 2008-09 financial meltdown? The answer of Aaron L. Friedberg is in the affirmative because the crisis forced Americans to alter their spending habits and has produced at least a temporary jump in personal savings, as he reasons in ‘A Contest for Supremacy: China, America, and the struggle for mastery in Asia'.

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Managing your money

BookValue
30-Minute Money Solutions
Christine Benz
(http://www.wiley.com/)

Start with a financial check-up

If you want to begin managing your money, hands on, begin by finding your baseline, instructs Christine Benz in 30-Minute Money Solutions: A step-by-step guide to managing your finances.

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Untapped market

Book Mark
What You Need to Know about Strategy
Jo Whitehead
(http://www.wiley.com/)

EIEIO, the basic strategy questions

Strategy is both the goal of an organisation, and the pathway it follows to achieve that goal, defines Jo Whitehead in What You Need to Know about Strategy.

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Bollywood dance

Book Mark
Is It All About Hips? Around the World with Bollywood Dance
Sangita Shresthova
(http://www.sagepublications.com/)

Dancing to narrative needs and audience preferences

Hindi film dances mediate between India's colonial and post-colonial histories and its future global ambitions, even as they cater to an increasingly transnational audience, writes Sangita Shresthova in Is It All About Hips? Around the World with Bollywood Dance.

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Monday, November 28, 2011

Business in the 21st century

Manage Mentor
Working Together
Michael D. Eisner
(http://www.landmarkonthenet.com/)

Get the learning machine to work faster

Warren Buffett and Charlie Munger, Bill and Melinda Gates, Brian Grazer and Ron Howard, Valentino and Giancarlo Giammetti, Steve Rubell and Ian Schrager, Arthur Blank and Bernie Marcus, Susan Feniger and Mary Sue Milliken, Joe Torre and Don Zimmer, and John Angelo and Michael Gordon. What is common to the pairs? They are examples of successful partnerships that Michael D. Eisner showcases in Working Together.

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‘Building in' good qualities

Books of Account
Raising Kids with Character that Lasts
John Yates and Susan Alexander Yates
(http://www.magnamags.com/)

Integrity lessons

In a world of half truths, we face the lifelong challenge of telling the whole truth even when it is inconvenient, write John Yates and Susan Alexander Yates in ‘Raising Kids with Character that Lasts'.

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‘Indian needs, Indian solutions'

Books 2 Byte
The India Idea
L. K. Sharma

Harnessing diffused creative knowledge

The interplay between society and technology has intensified, each influencing the other, and its full force is being felt in India, declares L. K. Sharma in ‘The India Idea: Heralding the era of path-breaking innovations' . Reminding us that satellites and mobile phones are providing education, expert advice, weather information and other critical information to farmers and fishermen, patients, and students, Sharma paints a reassuring picture of the Indian villager who once had to trudge miles to sell her farm produce at whatever price she got: ...

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The ‘Ninja' loans

BookValue
The Last of the Imperious Rich
Peter Chapman
(www.landmarkonthenet.com/)

Rise and fall of Lehman Brothers

“Grabbing and greed can go on for just so long, but the breaking point is bound to come sometime.” Opening with this quote of Herbert Lehman is The Last of the Imperious Rich by Peter Chapman, a tale about Lehman Brothers (1844-2008).

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Sales compensation strategy

Book Mark
Unlocking Human Capital to Drive Performance
Sanjiv Anand
(http://www.tatamcgrawhill.com/)

Give incentives to those who generate revenue

Effective sales force compensation is one of the chapters in Unlocking Human Capital to Drive Performance: A CEO's Handbook by Sanjiv Anand. Sales compensation strategy is a mission-critical pay programme, the author underlines. It is a high-stakes, high-visibility pay system that requires focus and comprehensive design support, he adds.

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Monday, October 24, 2011

The story of a financial industry's collapse

BookValue
The Weekend that Changed Wall Street
Ms Maria Bartiromo
(http://www.penguin.com/)

Unravelling financial crisis

Part of the negative public mood stems from the fact that three years after the financial disaster, there have been very few indictments, and even fewer convictions, over events that nearly sent the US into another Great Depression, writes Ms Maria Bartiromo in The Weekend that Changed Wall Street: And how the fallout is still impacting our world. “Added to that are some 8.4 million jobs lost in the recession, many of which have yet to come back.”

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Scouting, the backbone of creative anatomy

Book Mark
Stimulated!
Andrew Pek and Jeannine McGlade
(http://www.kkbooks.com/)

Five habits for effective creativity

Scouting is the backbone of our creative anatomy, say Andrew Pek and Jeannine McGlade in Stimulated! Habits to spark your creative genius at work. The authors explain that scouting contains the essential orientation and energy we need to find, observe, and use to interact with stimulus and initiate the creative cycle we each possess.

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Pursuit of ‘bad'

Books of Account
The Ultimate Question 2.0
Fred Reichheld
(Harvard)

Profits, good and bad

Say ‘profit,' and it perhaps sounds cool and makes you feel good. It can, therefore, be disturbing to open ‘The Ultimate Question 2.0' (Harvard) and find Fred Reichheld discuss two types of profits, viz. bad and good. In his view, good profits are earned with customers' enthusiastic cooperation, when the company so delights its customers that they willingly come back for more – and not only that, they tell their friends and colleagues to do business with the company.

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'Track your life'

Books of Account
The Compound Effect
Darren Hardy
(Vanguard)

Transformation through tracking

Once you start tracking your life, your attention will be focused on the smallest things you are doing right, as well as the smallest things you are doing wrong, says Darren Hardy in ‘The Compound Effect: Multiplying your success, one simple step at a time' (Vanguard). And, when you choose to make even the smallest course corrections consistently, over time, you will begin to see amazing results, he assures.

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Friday, October 21, 2011

Water-sharing treaty

Books of Account
Water
Brahma Chellaney
(Harper)

Munificent allocation

A section titled ‘The costs of a fragmented approach' in ‘Water: Asia's new battleground' by Brahma Chellaney (Harper) frets that the absence of institutionalised, integrated policymaking in India has blighted water resources management for long.

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Cost budget

Books of Account
Implementing Beyond Budgeting
Bjarte Bogsnes
(http://www.landmarkonthenet.com/)

Ambition to action

The most stubborn myth in traditional management is probably that the only way to manage costs is through detailed cost budgets, with a tight follow-up to ensure that no more is spent than is handed out, writes Bjarte Bogsnes in ‘Implementing Beyond Budgeting: Unlocking the performance potential'.

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The 'early struggle'

Books 2 Byte
Predictable Success
Les McKeown

The seven stages of a growth cycle

Early struggle, fun, whitewater, predictable success, treadmill, the big rut, and death rattle. These are the seven stages of growth cycle presented in Predictable Success: Getting your organisation on the growth track and keeping it there by Les McKeown.

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The scientists' journeys

Books 2 Byte
Making the World Work Better
Kevin Maney, Steve Hamm, and Jeffrey M. O'Brien

‘Smuba' model for quickstarting progress

Among the many photos in Making the World Work Better: The ideas that shaped a century and a company, by Kevin Maney, Steve Hamm, and Jeffrey M. O'Brien , is one of John Powell, superintendent and asset manager of San Francisco Public Utility Commission Wastewater Enterprise.

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Thursday, October 20, 2011

Capitalise on emotions

BookValue
Investing and the Irrational Mind
Robert Koppel
(http://www.tatamcgrawhill.com/)

Know thyself to decode markets

Investing has less to do with the science of computation and more to do with the art of managing one's outlook, emotions, and consciousness, writes Robert Koppel in ‘Investing and the Irrational Mind: Rethink risk, outwit optimism, and seize opportunities others miss'.

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Marketing in rural areas

Book Mark
Rural Marketing
Pradeep Kashyap
(http://www.pearsoned.co.in/)

Call of the small towns and villages

In Hindi, ‘aamne saamne' means face-to-face. To Ericsson, it is the name of a ‘video telephony service' using 3G that connects migrant workers to their families. “Ericsson converted the virtually dying PCOs into public video telephony booths. This way, the consumer paid only for the minutes used, while the actual investment was made by PCO (public call office) owners,” reads one of the many stories in Rural Marketing, second edition, by Pradeep Kashyap.

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Tuesday, October 11, 2011

Financial globalisation

Books of Account
The Next Great Globalization
Frederic S. Mishkin
(http://www.landmarkonthenet.com/)

Give adequate resources to prudential regulators

Not long ago, Mishkin wrote ‘The Next Great Globalization: How disadvantaged nations can harness their financial systems to get rich’, which wrapped up by fretting that not every emerging market country has the political will of Chile, Hong Kong, Singapore, and Taiwan to adopt the reforms needed to make financial globalisation work.

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For a successful trading ...

BookValue
Trading Triads
Felipe Tudela
(http://www.wiley.com/)

Focus on the market structure

The real secret to successful trading is the integration of money management and market structure, says Felipe Tudela in Trading Triads: Unlocking the secrets of market structure and trading in any market.

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Monday, October 03, 2011

A guide to financial service providers

Books of Account
The Future of Finance
Adjiedj Bakas and Roger Peverelli
(http://www.landmarkonthenet.com/)

A role for finance in its original flavour

With so many new opportunities, financial service providers must position and organise themselves in a very different way, urge Adjiedj Bakas and Roger Peverelli in The Future of Finance.

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'Budget' - the word to master

BookValue
The 10 Commandments of Money
Liz Weston
(http://www.landmarkonthenet.com/)

Begin with a budget that works

Before you start spelling ‘money,' the word to master is ‘budget' — a budget that works ‘in the real world,' as Liz Weston emphasises in The 10 Commandments of Money: Survive and thrive in the new economy.

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Different ways of looking at the world

Book Mark
Predictable Magic
Deepa Prahalad and Ravi Sawhney
(Pearson)

Respond to consumer emotions

A leading audio products company, JBL, had a problem. After more than a decade as the leader in the portable power speaker market it created with the original EON line of portable public address (PA) speakers, JBL found its competition encroaching on the EON’s market share, as Deepa Prahalad and Ravi Sawhney narrate, in ‘Predictable Magic: Unleash the power of design strategy to transform your business’ (Pearson).

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Wednesday, September 28, 2011

How to add value to business as a finance professional

Books of Account
Reinventing the CFO
Jeremy Hope
(Harvard)

Liberate yourself from low-value-adding work

If you keep asking yourself how you can add value to your business as a finance professional, check ‘Reinventing the CFO' by Jeremy Hope (Harvard). The author sees the CFO as a champion of change in the finance operation and performance management practices, but cautions against simply parachuting best practices from one organisation into another.

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'Google, the Microsoft of the Internet generation'

Books 2 Byte
The Google Guys
Richard L. Brandt

Revenue versus principle

Becoming the new Microsoft may not be the description that Larry and Sergey would like to have, but it is inevitable, writes Richard L. Brandt in ‘The Google Guys' . Despite what the company's executives say, Google is no longer just a search company; it is an Internet software company, the author describes. “Larry and Sergey are on a grand quest to provide software for every device that connects to the Internet. Google is, in short, the Microsoft of the Internet generation.”

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'Past performance is no guarantee of future results'

BookValue
The House that Bogle Built
Lewis Braham
(http://www.tatamcgrawhill.com/)

Wanted, an effective asset allocation index

Despite the plethora of index funds and ETFs (exchange traded funds), there is one investment solution that index investors still need, that does not exist yet in a suitable form, and that is an effective asset allocation index, opines Lewis Braham in ‘The House that Bogle Built'.

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Subjectivity can stoke fear

Book Mark
Breaking the Fear Barrier
Tom Rieger
(Gallup)

Reward the courageous employee

A credit card company was faced with something apparently inscrutable: A negative correlation between its internal subjective perceptions of customer service and what customers actually thought, so much so that what the company defined as good service was actually bad service, and vice versa. But the company assumed it was doing the right thing because the employees followed predetermined steps with perfect compliance, reads a narrative in Breaking the Fear Barrier by Tom Rieger (Gallup).

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Monday, September 19, 2011

Corporate profits

Books of Account
‘India Policy Forum 2010-11: Volume 7'
Suman Bery, Barry Bosworth, and Arvind Panagariya
(http://www.sagepublications.com/)

Business dynamism vs entrenchment advantage

Corporate profits generally make for happy tidings for investors, but a worrying question put forth by a paper in ‘India Policy Forum 2010-11: Volume 7' from the National Council of Applied Economic Research and Brookings Institution is whether the profits are from business dynamism or advantages of entrenchment.

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The five aspects about money

BookValue
Unfair Advantage
Robert T. Kiyosaki
(http://www.landmarkonthenet.com/)

Let go of old ideas

Knowledge, taxes, debt, risk, and compensation are the five aspects about money that Robert T. Kiyosaki elaborately discusses in ‘Unfair Advantage: The power of financial education'. Before you jump into these, however, you would need to know how to catch a monkey, as explained in the introduction.

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Tuesday, September 13, 2011

The functions of HRA

Books of Account
Human Resource Development
David McGuire and Kenneth Molbjerg Jorgensen
(http://www.sagepublications.com/)

Research journey into HR accounting

Human resource accounting is the focus of one of the chapters in Human Resource Development: Theory & Practice, edited by David McGuire and Kenneth Molbjerg Jorgensen. Employees have always been important in the production of goods and the provision of services, but what have traditionally been regarded as the primary engines of growth are land, financial capital, and technology, begins the essay.

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Emerging economies

BookValue
Crisis Economics
Nouriel Roubini
(http://www.landmarkonthenet.com/)

Let's get the letters right

U, V, or W? No, this is not a test of your knowledge of the alphabet, but a question about recoveries, because they come in different forms, reflecting their relative vigour or sustainability, as Nouriel Roubini highlights in ‘Crisis Economics: A crash course in the future of finance'.

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Business planning

Book Mark
Effectual Entrepreneurship
Stuart Read, Saras Sarasvathy, Nick Dew, Robert Wiltbank, and Anne
Valérie Ohisson
(http://www.routledge.com/)

Get your business plan right

Sample this: “Business plans have their time and place, though perhaps not in planning a business.” A shocker, but that is the opening line in a chapter on ‘business plans and business models,' in Effectual Entrepreneurship by Stuart Read, Saras Sarasvathy, Nick Dew, Robert Wiltbank, and Anne-Valérie Ohisson.

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Wednesday, September 07, 2011

To tackle corruption ...

Books of Account
Corruption and Human Rights in India
C. Raj Kumar
(http://www.oup.com/)

Right to be corruption-free

We may be able to relate to this situation, cited in Corruption and Human Rights in India: Comparative perspectives on transparency and good governance by C. Raj Kumar: “Poor villagers in West Java were baffled when their government rice supply suddenly dried up. Suppliers complained that their payment was 60 million rupiah in arrears. But villagers were adamant that they had paid the bills…”

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'Act different, think different, and make a difference'

Books 2 Byte
The Innovator's DNA
Jeff Dyer, Hal Gregersen, and Clayton M. Christensen
(Harvard)

Act now or it may be too late

Act different, think different, and make a difference. This is the signing-off message of Jeff Dyer, Hal Gregersen, and Clayton M. Christensen in The Innovator's DNA: Mastering the five skills of disruptive innovators (Harvard).

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Monday, September 05, 2011

Rethinking the role of boards

BookValue
Fixing the Game
Roger L. Martin
(Harvard)

Restoring the core of capitalism

The world being a crowded, politically unstable, and economically inequitable place, the prosperity of its inhabitants depends in considerable part on the rational and responsible creation of wealth through the operation of successful businesses, says Roger L. Martin in Fixing the Game: How runaway expectations broke the economy, and how to get back to reality (Harvard).

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Characteristics of MBA aspirants

Book Mark
Beyond the MBA Hype
Sameer Kamat
(http://www.harpercollins.co.in/)

Improve your MBA profile

If you are working hard to improve your MBA profile for the top B-schools, a sobering truth that Sameer Kamat highlights in Beyond the MBA Hype is that there is no ideal MBA applicant. “MBA admissions committees aren't looking for an ‘A' list candidate with Aamir Khan's creativity, Amitabh Bachchan's baritone, Amartya Sen's intellect and Mukesh Ambani's business sense,” he adds.

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Monday, August 29, 2011

Management teaching

Books of Account
The Business of HR in Business Schools
V. R. K. Prasad
(http://www.vivagroupindia.com/)

Wise incentives for management teachers

Money still continues to be the single largest motivating and retention factor for any employee, more so for a knowledge worker such as management faculty, says V. R. K. Prasad in The Business of HR in Business Schools. He reasons that intense competition, fuelled by mushrooming growth of business schools, has created a dearth of quality faculty, and the resultant fattening of the financial packages.

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The 'three' kinds of managers

Books 2 Byte
Manager's Guide to Social Media
Scott Klososky
(http://www.tatamcgrawhill.com/)

‘Social' investment for team's success

There seem to be three kinds of managers at this point in the social adoption curve, observes Scott Klososky in Manager's Guide to Social Media. “The thought leaders, the dragged along, and the naysayers,” he adds.

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Human well-being and emotion

Books 2 Byte
Built to Love
Peter Boatwright and Jonathan Cagan
(http://www.tatamcgrawhill.com/)

Click, with caring

Emotion is critical to the success of all companies, including those selling technology-based products, aver Peter Boatwright and Jonathan Cagan in Built to Love: Creating products that captivate customers.

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