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Friday, September 30, 2011

Yahoo : Origin , founder and its name

The Name Change Game of Big Corporates

Co-Founded by Jerry Yang and David Filo in January 1994, Yahoo! was previously known as David and Jerry's Guide to the World Wide Web. Yahoo! 
is an acronym for "Yet Another Hierarchical Officious Oracle". The word "hierarchical" described how Yahoo! data base was arranged in directory layers, "oracle" was intended to mean "source of truth and wisdom" and "officious" described the many office workers who would sue the Yahoo! data base while surfing from work. However, the co-founders insist that they selected the name because they liked the slang definition of the word "Yahoo!" that means rude, unsophisticated, uncouth. After its renaming, Yahoo! became the second most popular search engine of the world. 

Pepsi Cola : Origin of the name

The Name Change Game of Big Corporates

First introduced as "Brad's Drink" in 1898 by Caleb Bradham as a carbonated soft drink, the company later was renamed to Pepsi-Cola in J 
une 16, 1903. Caleb was a pharmacist and used to serve refreshing drinks to his customers that he created himself. He renamed his company to Pepsi-Cola after the pepsin and cola nuts used in the recipe. 

Nike : Origin of the name

The Name Change Game of Big Corporates

Blue Ribbon Sports was founded in 1964 by Bill Bowerman and Philip Knight. It was later renamed to Nike in 1978. The company took its name fro 
m Nike, "the Greek goddess of victory". The company began as a casual agreement between University of Oregon track coach Bill and Phil, who was a middle distance runner. They formed Blue Ribbon Sports and started importing Japanese brand Onitsuka Tiger running shoes. One night, Johnson, a full-time salesperson of the company, had a dream of the goddess Nike, and then suggested the name Nike to his bosses. The company used its first footwear product to feature the "Swoosh" mark -- a soccer cleat called the Nike. 

Wednesday, September 28, 2011

Six Sigma and its origin at Motorola

Motorola's journey to achieve six sigma performance began in 1986 when engineer BILL SMITH quitely set out to devise a methodology to standardize defect measurement and drive improvements in manufacturing.

Tuesday, September 6, 2011

QS World University Rankings

 The QS World University Rankings is a ranking of the world’s top 500 universities by Quacquarelli Symonds using a method that has published annually since 2004.
The QS World University Rankings is not to be confused with the THE World University Rankings. The QS rankings were originally published in collaboration with Times Higher Education, and known as the THE-QS World University Rankings. QS assumed sole publication of the existing methodology when Times Higher Education split in order to create a new ranking methodology in 2010, which became the THE World University Rankings.

http://www.topuniversities.com/university-rankings/world-university-ranking

QS Quacquarelli Symonds was founded in 1990 and has established itself as the leading global provider of specialist higher education and careers information and solutions


QS World University Rankings 2011/12


1 University of Cambridge  (United Kingdom )

2 Harvard University  (United States )

3 Massachusetts Institute of Technology (MIT) (United States )

4 Yale University ( United States )

5 University of Oxford  ( United Kingdom )

Pecking order : origin & meaning


Pecking order or just peck order is the colloquial term for a hierarchical system of social organization in animals. It was first described from the behaviour of poultry by Thorleif Schjelderup-Ebbe in 1921 under the German terms Hackordnung or Hackliste and introduced into English in 1927.

The original usage of "peck order" referred to expression of dominance of birds. Dominance in chickens is expressed in various behaviours including pecking which was used by Schjelderup-Ebbe as a measure of dominance. In his 1922 German-language article he noted that "defense and aggression in the hen is accomplished with the beak".

This emphasis on pecking led most subsequent studies on fowl behaviour to use it as a primary observation. However, it was also noted that roosters tended to leap and use their feet in conflicts. The term dominance hierarchy is often used for this phenomenon in other animals.

It is a basic concept in social stratification and social hierarchy that has its counterpart in other animal species, including humans. Still, the term "pecking order" is often used synonymously; the "pecking order" was the first studied example of the social hierarchy among animals.

The basic concept behind the establishment of the pecking order among, for example, chickens, is that it is necessary to determine who is the 'top chicken,' the 'bottom chicken' and where all the rest fit in between. The establishment of the dominance hierarchy is believed to reduce the incidence of intense conflicts that incur a greater expenditure of energy. The dominance level determines which individual gets preferential access to resources such as food and mates.

Monday, September 5, 2011

TELOS (project management)


TELOS is an acronym in project management used to define five areas of feasibility that determine whether a project should run or not.
T - Technical - Is the project technically possible.
E - Economic - Can the project be afforded? Will it increase profit?
L - Legal - Is the project legal?
O - Organisational - Will the organisation accept the change?
S - Scheduling - Can the project be done in time?

Steps in evolution of 'High Performing' team : Forming - Storming - Norming - Performing


Psychologist Bruce Tuckman first came up with the memorable phrase "forming, storming, norming and performing" back in 1965. He used it to describe the path to high-performance that most teams follow. Later, he added a fifth stage that he called "adjourning" (and others often call "mourning" – it rhymes better!)
Teams initially go through a "forming" stage in which members are positive and polite. Some members are anxious, as they haven't yet worked out exactly what work the team will involve. Others are simply excited about the task ahead. As leader, you play a dominant role at this stage: other members' roles and responsibilities are less clear.
This stage is usually fairly short, and may only last for the single meeting at which people are introduced to one-another. At this stage there may be discussions about how the team will work, which can be frustrating for some members who simply want to get on with the team task.
Soon, reality sets in and your team moves into a "storming" phase. Your authority may be challenged as others jockey for position and their roles are clarified. The ways of working start to be defined and, as leader, you must be aware that some members may feel overwhelmed by how much there is to do, or uncomfortable with the approach being used. Some may react by questioning how worthwhile the goal of the team is, and by resisting taking on tasks. This is the stage when many teams fail, and even those that stick with the task may feel that they are on an emotional roller coaster, as they try to focus on the job in hand without the support of established processes or relationships with their colleagues.
Gradually, the team moves into a "norming" stage, as a hierarchy is established. Team members come to respect your authority as a leader, and others show leadership in specific areas.
Now that the team members know each other better, they may be socializing together, and they are able to ask each other for help and provide constructive criticism. The team develops a stronger commitment to the team goal, and you start to see good progress towards it.
There is often a prolonged overlap between storming and norming behavior: As new tasks come up, the team may lapse back into typical storming stage behavior, but this eventually dies out.
When the team reaches the "performing" stage, hard work leads directly to progress towards the shared vision of their goal, supported by the structures and processes that have been set up. Individual team members may join or leave the team without affecting the performing culture.
As leader, you are able to delegate much of the work and can concentrate on developing team members. Being part of the team at this stage feels "easy" compared with earlier on.
Project teams exist only for a fixed period, and even permanent teams may be disbanded through organizational restructuring. As team leader, your concern is both for the team's goal and the team members. Breaking up a team can be stressful for all concerned and the "adjourning" or "mourning" stage is important in reaching both team goal and personal conclusions.
The break up of the team can be hard for members who like routine or who have developed close working relationships with other team members, particularly if their future roles or even jobs look uncertain.

French and Raven's Five Bases of Power


One of the most notable studies on power was conducted by social psychologists John French and Bertram Raven in 1959. They identified five bases of power:
  1. Legitimate – This comes from the belief that a person has the right to make demands, and expect compliance and obedience from others.
  2. Reward – This results from one person's ability to compensate another for compliance.
  3. Expert – This is based on a person's superior skill and knowledge.
  4. Referent – This is the result of a person's perceived attractiveness, worthiness, and right to respect from others.
  5. Coercive – This comes from the belief that a person can punish others for noncompliance.


The most effective leaders use mainly referent and expert power.

PEST Analysis : Understanding Big Picture


PEST Analysis is a useful tool for understanding the ‘big picture’ of the environment in which you are operating, and for thinking about the opportunities and threats that lie within it. By understanding your environment, you can take advantage of the opportunities and minimize the threats.
PEST is a mnemonic standing for Political, Economic, Social and Technological. These headings are used firstly to brainstorm the characteristics of a country or region and, from this, draw conclusions as to the significant forces of change operating within it.
This provides the context within which more detailed planning can take place, so that you can take full advantage of the opportunities that present themselves.

Mintzberg's 5 Ps of Strategy


The 5 Ps of Strategy were created by Henry Mintzberg in 1987. Each of the 5 Ps stands for a different approach to strategy:
  1. Plan.
  2. Ploy.
  3. Pattern.
  4. Position.
  5. Perspective.
As a Plan, strategy needs to be developed in advance and with purpose. As a Ploy, strategy is a means of outsmarting the competition.
With strategy as a Pattern, we learn to appreciate that what was successful in the past can lead to success in the future.
With Position, strategy is about how the organization relates to its competitive environment, and what it can do to make its products unique in the marketplace.
Perspective emphasizes the substantial influence that organizational culture and collective thinking can have on strategic decision making within a company.
Understanding and using each element helps you develop a robust, practical and achievable business strategy.

Sunday, September 4, 2011

Offshore Banking


An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. These advantages typically include:

  • greater privacy (see also bank secrecy, a principle born with the 1934 Swiss Banking Act)
  • low or no taxation (i.e. tax havens)
  • easy access to deposits (at least in terms of regulation)
  • protection against local political or financial instability

While the term originates from the Channel Islands being "offshore" from the United Kingdom, and most offshore banks are located in island nations to this day, the term is used figuratively to refer to such banks regardless of location, including Swiss banks and those of other landlocked nations such as Luxembourg and Andorra.

Continental Europe




Continental Europe, also referred to as mainland Europe or simply the Continent, is the continent of Europe, explicitly excluding European islands.
The most common definition of "continental Europe" excludes Cyprus, Iceland, Ireland, Malta and the United Kingdom and its dependencies.

Sam Walton

Samuel Moore "Sam" Walton (March 29, 1918 – April 5, 1992) was a businessman and entrepreneur born in Kingfisher, Oklahoma best known for founding the retailers Wal-Mart.

High End Bikes in India - 2011


HARLEY DAVIDSON The world’s iconic bike is here with five dealers and is doing brisk sales – reportedly 1,200 sold so far. It has big plans for the Indian market 
At the entry level, it offers Superlow (883 cc): 5.5 lakh 
Its most expensive bike is Ultra Classic Electra Glide (1802 cc): 34 lakh


TRIUMPH MOTORCYCLES Known for its style & engineering, it will debut soon in India. It boasts of celebrity owners like Brad Pitt and Tom Cruise 
It is expected to bring in its famous three-cylinder (1050 cc) Tiger, Sprint models, twin-cylinder Bonneville (865 cc) and Daytona (657 cc) among others


DUCATI MOTOR Its racing bikes are available here since 2008. Last year it sold 100 bikes and the company hopes to double the sales soon 
Ducati bikes available in India for sale are Superbike 1098R and Hypermotard 1100S


HONDA MOTORS It has dominated in India through its JV Hero Honda in the sub-120 cc category. On its own now, it is building its drool quotient in India 
Its superbike line-up includes CBR250R: 1.57 lakh CB1000R: 10.45 lakh CBR1000RR: 13.75 lakh VFR1200: 19.25 lakh


BAJAJ AUTO Led by Rajiv Bajaj, it has been eyeing higher-end segment with its Pulsar range. Its tie-ups with Kawasaki, KTM to beef it further 
Its super bike line-up includes Pulsar (220 cc): 87,627 Avenger (220 cc): 81,197 Kawasaki Ninja (250 cc and 650 cc): 3-5 lakh


OTHER GLOBAL MNCS Yamaha, Suzuki have bikes either in the sub-200 cc or 1000 cc plus segment. The will likely fill the gap 
Suzuki has bikes like Bandit (1250 cc): 8.8 lakh 
Yamaha has FZ1 (998 cc): 9 lakh approx.

Hors d'oeuvre


Hors d'oeuvre - (ohr DERV)
French: literally "apart from the main work"), also known as appetizers, starters, or the first course, are food items served before the main courses of a meal.

If there is an extended period between when guests arrive and when the meal is served (for example during a cocktail hour), these might also serve the purpose of sustaining guests during the wait, in the same way that aperitifs are served as a drink before meals.

Saturday, September 3, 2011

The real brain behind TATA NANO

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Girish Wagh



A mechanical engineer from the Maharashtra Institute of Technology, which was followed by a post-graduate programme in manufacturing from Mumbai B-school SP Jain Institute of Management and Research, the 37-year-old Wagh has had a pretty dramatic career at Tata Motors.

But nothing comes near the Nano experience. Heading a 500-strong team, Wagh's biggest challenge was to define the product's specifications as they went along.

Situational Awareness & Tombstone Mentality

I was going through a documentary on the Airline Accidents due to 'Runway Incursions' and came across these two terms : 'Situational Awareness' & 'Tombstone Mentality'.

Situational Awarenes
Situation awareness (SA) involves being aware of what is happening around you to understand how information, events, and your own actions will impact your goals and objectives, both now and in the near future.Lacking SA or having inadequate SA has been identified as one of the primary factors in accidents attributed to human error . Thus, SA is especially important in work domains where the information flow can be quite high and poor decisions may lead to serious consequences (e.g., piloting an airplane, functioning as a soldier, or treating critically ill or injured patients).

Tombstone mentality

Tombstone mentality is an aviation informal term that notes air safety is often improved only after somebody has died, which points out a fatal defect.
Strictly speaking, tombstone mentality decisions are examples where there is no incentive for an economic actor to be a 'first mover' and promote safety. Sometimes this is a result of market pressures (nobody wants to pay for extra safety, despite their talk), or, it may be a result of legal disincentives such as product liability lawsuits (if a design change is made that is not government approved and somebody is injured, even if the design change was not the reason for the injury, the company may be liable).

Friday, September 2, 2011

Ethanol - Ethanol Blended Petrol


What is ethanol?
Ethanol is an organic solvent, similar in properties to the hundreds of other components of petroleum-derived gasoline. Yet, there is a big difference: ethanol burns cleaner itself, and also it burns more completely the petrol it is blended into.
Ethanol can be made from natural resources, organic liquids or coal beside grains, cassava etc. but the sources that are most common, cheaper and also renewable are natural raw materials such as sugarcane juice or molasses.
This is because the raw material will be remade in exactly the same way during the following crop cycle. This is a result of the action of photosynthesis upon the carbon dioxide.
In India, ethanol is mainly derived by sugarcane molasses, which is a by-product in the conversion of sugarcane to sugar. Therefore, ethanol does not compromise on the food security front.
The government's EBP programme would lead to better returns for sugar cane farmers and therefore better sugarcane and sugar production.
In India, ethanol production does not take away land from food crops. Ethanol production = Higher cane price = Rural prosperity.