Rahul deodhar nmims ftmba presentation june2013

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!