Wednesday, June 07, 2006

Term(-Inal) Velocity

At this speed, the object ceases to accelerate downwards and falls at constant speed (gravitation equals the drag).
The 6th and the last week of term-I at ISB did just that.
All directed with their terminal velocities towards the final exams. 4 exams in two days, and we hit the finish line.

Term-I : What a whirwind tour it has been. Each of the four subjects were well justified in they being the part of the first term. If I were to put all in unison, they equip you with the basics (alongwith some advanced concepts) to analyze, think structurally, quantify and help you move towards making a right decision when faced with seeming Uncertainties.

Of special mention are the profs we had for this term. Stupendous by all means, at all levels.

Statistical Methods for Making Decisions - Prof. Robert Stine and Prof Richard Waterman made us grasp the importance and application of stats in all walks of life. It was nothing short of an enlightening experience for most of us. The witty, insighful and animated comments both of them made in their lectures, went all the way more in making their lectures fun to attend.

Managerial Economics - Prof. Amit Bubna introduced us to the fundamentals of economics, the ubiquitous MR=MC, Demand=Supply, Elasticity, the various curves.... To build up on these fundamentals, Prof. Rakesh Vohra stepped-in. The Game Theory. His style of teaching has been starkly different from any other I've come across till date. Non-bookish. Non-formulae based. Relying on reasoning and sound logic alone. Amazing. The only caveat here is that 2.5 weeks we had with him was too short a duration and maybe it will take some more time for the knowledge and approach he has shared to sink in and be absorbed.

Financial Accounting for Decision Making -Prof. Mark Finn made us imbibe the concepts at ease. His balanced approach, towards the subject (also reflective of towards life), enumerating examples from the real world to make us actualize the topic effectively and explaining the various 'accounting shenanigans' like the Enron, the Worldcom made us realize the importance of accounting methods and standards all the more.

Marketing Management -Prof. Asim Ansari's half was an easy rider (or to say amiss). It was only when Prog. Jagmohan Raju started with the second half of the course, that we all confronted marketing. The 4P's, 5 C's, 7 M's and their significance. The need and ways to structure and quantify. The marketing fundamentals.

This brings to end Term-I (or the completion of 12.5% MBA). Before Term-2 starts, its time to chill. Catch up with movies, friends, sleep.... Some in-class insighters from Term-1

'World is fundamentally uncertain'

'We humans are genetically programmed to find patterns. The genes that couldn't distinguish between a bush and a-bush-with-a-stealthy-tiger-behind,went into the bush, thinking it was a bush..... and never came back'
[Well, so what remains are, but obviously, the only ones that could distinguish, and hence our pattern-recognizing abilities]

'Real data is dirty'

'I'm a statician. I abandoned the search for truth a long time ago. All I see now is a statistical approximation to reality'

The omnibus 'Laugh Test'