My uncle, after undergoing a successful removal of tumor a few years ago, was recently diagnosed with abnormal growth of cancerous cells. It was a case of metastasis i.e. spread of a cancer from one organ or part to another non-adjacent organ or part. Thankfully the disease was manageable due to timely detection and availability of a suitable drug. As we move ahead I must clarify that in this blog, I am not focusing on the disease or its treatment rather the focus would be the cost of availing such healthcare services. Before I decided to write this blog post, I had a lengthy and animated discussion with one of my friend who has been working in the pharmaceutical industry for quite a few years.
Showing posts with label strategy. Show all posts
Showing posts with label strategy. Show all posts
Saturday, March 30, 2013
Healthcare cost: How much is too much?
Labels:
affordable,
cancer,
challenges,
economics,
healthcare,
india,
MNC,
pharmaceutical,
price,
strategy
Saturday, May 26, 2012
How to clean the IPL mess?
A lot is being said about IPL nowadays so I thought why not
join the bandwagon. After all, IPL which was supposed to be a mix of cricket
and glamour, has instead become a topic taking black money, conflict of
interests, match fixing, abuse, molestations too into its fold.
As is the case (discussed in one my earliest post as well)
that those who run the IPL i.e. organizers (IPL committee), the regulators (read
BCCI but don’t ask me if they are too different from the IPL committee) and the
sponsors (including the advertisers, broadcasters and team owners) are too intertwined
and thus this combination has become just “Too big to fail”.
Labels:
common man,
corruption,
cricket,
demand,
IPL,
regulations,
strategy,
T20s
Wednesday, April 4, 2012
Three types of Primary Interviewees that Consultants come across
As they say, consultants are not scientists; they largely
thrive on collective wisdom. And one of the major sources of this collective wisdom
is “primary interview”. By primary interview, I mean the one-to-one interactions
that you have with people who may be SME (subject matter experts), competitors,
customers or other stakeholders. I must say that these primary interviews have
been one of the most reliable sources of information for me especially with the
secondary data sources being inadequate or simply unreliable.
In this post, I will discuss three types of interviewees
that I have come across quite often during my exposure to consulting. Surprisingly, I have
come across at least one of each type, during each of my project. I will also
try to come up with recommendations that may help you ace the interview or make the most of it.
Wednesday, February 29, 2012
Coke opens Citra: Strategic or a shot in the dark?
I must say that I feel a bit nostalgic writing this
post. I still remember, it was one my birthdays almost 2 decades ago (yeah I am
getting older) when I sipped “Citra”, a new flavored soft drink for the first
time. While I don’t recall tasting the clear drink in green bottle too often
after that but I was surprised when I heard that Coca-Cola plans to revive
Citra after 19 years. This move once again reaffirms the fact that it’s neither
easy to create a brand nor easy to kill one especially in FMCG sector.
Thursday, December 22, 2011
Five common challenges that Consultants face in India
The idea of penning this blog came to my mind, when I
decided to take stock of my short but eventful stay in consulting. At the start
of my consulting career, I got to interact with a few US based partners or
principals (as they call them over there) and it gave me some insights about
how consulting works in the US. My further interactions with Indian clients and
colleagues tells me that India is different from its foreign
counterparts. In this post, I will focus on five major challenges that consultants
usually face in India. Before igniting the discussion, I must say that the list is not exhaustive and the challenges may differ based on the consulting firm one is associated with.
Wednesday, August 24, 2011
How Anna moved the nation?
It’s ironical but true. It took a 74 year-old to mobilize one of the youngest nations (in terms of demography) in the world that too using the methodology of satyagraha which till the recent past was touted as being out of sync with modern India. In fact many felt “Gandhigiri” was more the "in thing". A nation that saw cricketers and movie-stars being identified as “youth icons” certainly was suddenly enamored by a Gandhian. The Sydney Herald calls him “The New Gandhi”, The Times quoted, “Anna Hazare: How One Activist Brought the World's Largest Democracy to Its Knees” and so on. After all it was unthinkable that a metro centric- mobilization would reach such humongous proportions. So, how did Anna manage to strike the chord?
Labels:
Anna Hazare,
common man,
corruption,
india,
Lokpal,
marketing,
middle-class,
strategy
Wednesday, August 10, 2011
Double Dip: The likely impacts on India
In one of my previous blogs I wrote about why double dip was a possibility in the US? Now after the S&P downgrade of the US debt, it seems that the sentiments have really turned for the worse though fundamentally things haven’t changed a great deal. But what if the double dip materializes and what lies in store for India if US is engulfed by the economic crisis? Let’s discuss them.
Labels:
double dip,
economics,
finance,
fixed income markets,
investment bank,
price,
shares,
stock markets,
strategy,
supply
Monday, July 25, 2011
Telecom Industry in India: More players may lead to higher tariffs?
Telecom industry has been instrumental in revolutionizing the lives of common Indians. The mobile phone and now the internet has been in focus of late at almost every level be it policy, corporate, consumer etc. But the industry is going through turbulent times. The 2G scam, the steeply priced 3G spectrum, tax claims… the list is endless. It doesn’t make for a good reading as telecommunication will go a long way in determining our future growth rate as we are in the information age.
Let’s have a look at some of the problems plaguing the industry. Let me divide the problem into two parts based on the technology involved; 2G and 3G.
2G: If you look at problems in this space, the 2G scam comes to your mind straightaway. Undoubtedly it’s a blot on the Indian face. And its findings will certainly leave many embarrassed but let’s not waste our time over these facts related to the scam. Instead, let’s concentrate on the other major issues related to 2G. The one that comes to the mind is “too much competition or should I say too many players”. While FCFS basis used to allocate spectrum helped keep the cost down hence low tariffs but it allowed too many players to enter the fray.
Labels:
airtel,
common man,
corruption,
price,
reforms,
Service,
strategy,
tariff,
vodafone
Sunday, July 3, 2011
Facebook, Twitter, Linkedin: Are they worth it?
IPOs are back in the reckoning. And this time it’s none other but Uncle Sam that’s the epicenter and the boys raising the bars are from the dot-com business. With most of them having or claiming to have gained the critical mass (for the much abused “network effect”), it’s not a surprise that the valuations are simply going through the roof. The four of the biggest newsmakers are Facebook, twitter, Linkedin and Groupon. Though likes of Skype, Zynga, Yandex (Russian search engine), Pandora (music streaming company) etc. have been in the news as well.
So, what’s the fuss all about? For that let’s have a look at the user base, revenue and the predicted valuation for some of these tech firms.
Firm
|
User Base
|
Revenue
|
Profit/Loss
|
Valuations
|
90 m
|
$51m
|
-$6.8m
|
$4.2bn
| |
100 m
|
$243m
|
$15m
|
$8.9bn
| |
279 m
|
$942m
|
$47.2m
|
$15-20bn
| |
700 m
|
$4bn
|
-
|
$100+bn
| |
300 m
|
$100m
|
-
|
$7.7bn
| |
83 m
|
$713.4m
|
-$389.6m
|
$20bn
|
Thursday, June 23, 2011
The Five myths about Strategy Consulting
My stay in consulting so far has been a brief one but nevertheless it has been an eventful one as well. Interacting with consultants at different levels and from different geographies has been an enlightening experience. As is the case, I used this opportunity to ignite the discussion and this time my topic was “myths about strategy consulting”. Based on my interactions, experiences and a bit of reading on “strategy consulting”, these are the five myths that I have come across.
Labels:
case studies,
consulting,
employment,
myths,
strategy
Wednesday, June 15, 2011
The Disruptive innovation: Can the "New" propel the "Old" ?
Online book stores in India are a confused lot as according to the latest US data from The Association of American Publishers (AAP), the iPad isn't just proving to be a category creator but it is threatening to be a category killer as well. The threatened category is our very own "physical books" or hard-copies with variants like hardcover or paperback. The AAP data shows that in January as well as February 2011, trade print sales witnessed double-digit declines, thus confirming our worst fears that digital sales is cannibalizing print. So "e-book" is the disruptive innovation that we love to hear about and if the online book stores are increasingly focusing on e-books then it's not a surprise. Isn't it? Let's now shift our focus to India. I know it's a bit abrupt but please bear with me.
The Indian Scenario
We can say that in the US, the digital version could very well maul the printed ones. By the way the traditional print newspapers have already learnt it the hard way. So should the online book stores in India go the same way, i.e. shift their focus from the printed versions to the electronic ones? After all in India things are a bit different as online book shopping in India is currently growing at 50% y-o-y driven solely by print sales. Most of us know that India is under-penetrated with low literacy levels (65%) vis-Ã -vis US and has low internet connectivity. Thus even "print newspapers" is a growing category in India. So how can the advent of e-books affect their counterparts i.e. the printed books? Will online book stores in India achieve more growth in e-book segment than printed books? To answer these question let's go through a major happening centered in India. It's the case concerning the telecom boom.
Labels:
books by indian authors,
ebooks,
ipad,
online book store india,
strategy,
students,
tab
Sunday, February 13, 2011
The Five steps to Success
We all want to be successful. Isn’t it? But how many amongst us feel that we have achieved success? They say that success is relative. True, but even when we feel good about an achievement on a given day , someone else’s opinion may make us ponder whether it was worth the effort? As they say in a famous ad we keep asking ourselves, “have I really made it large?”
In this blog, I’ll discuss the five simple steps that can help you judge whether your achievement comes into that premium category that we all know as “success”. But if my personal experience is anything to go by, I must warn you that though the steps are simple but implementing or imbibing them isn't.
Labels:
education,
employment,
family,
peer pressure,
strategy,
students,
youth
Thursday, December 23, 2010
Entrance exams: Are they asking the right questions?
The last decade has been a decade of changes and reforms. You can also include the entrance or competitive examinations to that fold. In this post I’ll discuss some changes as well as existing gaps in various competitive examinations.
There was an era when three posts were considered to be the most prestigious in the Indian set up. They were the PM (prime minister), the CM (chief minister) and the DM (district magistrate). When it comes to competitive examinations, three of them stand out for their rigor. They are IIT-JEE (for entry into the IITs), CAT (for entry into the IIMs) and civil services exams conducted by the UPSC. Let’s consider the changes in the formats of respective examinations one by one and consider the likely fallouts.
Wednesday, December 8, 2010
IIT & IIM: Do we really need to expand?
As India looks to outpace other countries in terms of economic growth -
higher education, because of its criticality, is in the limelight
(better late than never). With the focus being on higher education, two
of the best known Indian Institutes, IIT & IIM find a mention in our
day-to-day discussions. As efforts are being made to increase the
number of IITs & IIMs , questions are being raised whether that's
leveraging the brand or diluting it?
We do know that India needs more quality educational institutes. With
the claim to fame of many IITs & IIMs being “one of the toughest
institutes to get into”, it’s more a commentary on the paucity of seats
rather than intellectual rigor. So doing nothing is not an option.
Before I start putting down my views, I would bring to your attention a
group that opposes expansion of IITs & IIMs even if brown-field i.e.
increasing capacity of existing institutes. They argue that it might
commoditize the brand (make no mistake quality is not their concern).
Such arguments make no sense as IITs & IIMs are not Guccis & Armanis. IITs/IIMs stand for quality not exclusivity.
Let us now look at some pressing concerns that justify the “need to expand”.
“During 1955 to 1975, the growth rate was high
(10.5%) as the IITs were being set up and establishing the UG programme.
In the next twenty years, there was a slight increase in the output
(less than 1% per year). Since 1995 the growth rate increased to 4.2%
per year mainly due to the addition of IIT Guwahati and IIT Roorkee.”
Source: ENGINEERING EDUCATION IN INDIA (2007)
The above data clearly shows that we need Greenfield investments i.e. open new IITs & IIMs as they mainly power the growth in intake. In fact IITs that accounted for 5-8 % of total output of engineers in 1980s now account for less than 1%.
Many feel that expansion might lead to quality of education being
compromised with. It’s a valid concern and needs attention (I will try
to come up with remedial steps in the later part of the blog) but do you
feel that the quality of new colleges will be worse that the existing
private set up where students are forced to join if they can’t make it
to the sought after colleges. I don’t think so as the “quality gap” is
so enormous that we would certainly find the new ones, in terms of
quality, somewhere in-between.
Even though IITs & IIMs might be under funded by global standards
but they are still much better off than their Indian counterparts. So
the question is whether we would be better off opening new colleges
under new names rather than using the umbrella of IITs & IIMs? My
answer would be that the name provides them greater attention and care
which a new institute desperately needs. NITs have been greatly
benefitted by the tag.
We all have great faith in the brand name of IITs & IIMs. Are these
brands that weak that expansion would dilute them to the extent that it
threatens their existence? That’s not the way, great brands operate. In
fact, if properly carried out, expansion would only strengthen them.
Greater student & alumni base would mean greater reach,
influence and impact. Mind you, it would come in handy when we face the
onslaught of foreign universities. By the way these are the outputs of
some well known international engineering institutions: Urbana-Champaign
1950 degrees, Purdue 1840 degrees, Georgia Tech 2300 degrees, Tokyo
University 3000 degrees, Tsinghua university about 4000. (Source: ENGINEERING EDUCATION IN INDIA, 2007)
Let’s now look at some of the methods that can expedite quality enhancements at the new colleges:
- With increased intake, we must aim at increasing the bandwidth of well known professors i.e. number of students that s/he can address at a given time. This can be facilitated by ICT based live or recorded lectures. Technological intervention would also help in facilitating better educational aids or resources. The Masters as well as Fellowship programmes need to be strengthened as well.
- We have buddy system in place where an old IIT/IIM mentors the new IIT/IIM but that doesn’t include student set-up. Peer learning and mentoring by seniors can help students at new IIT/IIM catch up faster. We should provide online platform to facilitate such exchange of information. Student exchange programmes can also be incorporated to facilitate co-operation.
- At least for the first few years, mentor IIT/IIM should help out their new members with their placements. It might seem unthinkable given the sort of competition but modalities can be worked out as new IITs/IIMs have relatively fewer intake.
- Private sector, both India and abroad, have been the biggest beneficiary of the outputs of IITs/IIMs. PPP model for faculty development where industry provides visiting faculties or funding can be looked into. The academic exposure would benefit the employees as it could be a welcome break or “going back to basics” for them. It would be a win-win situation for both as private sector stands to gain through quality output and colleges through quality faculty.
Some reach out only for the riches
whereas some reach out to help each other out. So if alumni and students
of established IITs/IIMs reach out to their newer counterparts, they
can certainly consider themselves better IITians if not prouder. Else a
caste system in the intellectual and educational set up is in the making
as there is a very thin line between being elite and being elitist.
Please avoid it.
Sunday, August 22, 2010
The Need for Indian Case Studies
After a hiatus of almost three weeks due to the academic projects, exams and the launch of The Money Manager-the pan-IIM finance magazine, Saketvaani is back with you to ignite the discussion. This time the focus would be “the case for Indian case studies”. Though all of us may not be familiar with case studies but you can use words like journals, research papers etc. interchangeably for cases. First let me tell you the reason behind choosing this topic.
I have finished almost 70% of my MBA education in an Indian B-school and most if not all the cases that I have come across are prepared by foreign B-school (read Harvard Business School : HBS). Should it really be a cause of concern as haven’t we been brought up mainly on books by foreign author? So why complain now, that too in a B-school clamouring for global recognition?
Sunday, July 4, 2010
Marketing strategy for Vodafone
This presentation was developed for the telecom giant Vodafone as a student project.
Is the future bright and orange or dark and gloomy?
Falling revenues, tightening margins, changing regulations, technological changes: the obvious connect is Indian Telecom Industry. So, is the future dark and gloomy for the mobile service providers? Well not exactly. With MNP (mobile number portability) round the corner, the quality service providers do have an edge with the empowered customer now having more choices. Add to that with the spectrum for next generation mobile technology 3G going under the hammer early next, the falling could have a solution. And if you could catch the long tail i.e. the vast untapped rural sector, you might hit the jackpot
Falling revenues, tightening margins, changing regulations, technological changes: the obvious connect is Indian Telecom Industry. So, is the future dark and gloomy for the mobile service providers? Well not exactly. With MNP (mobile number portability) round the corner, the quality service providers do have an edge with the empowered customer now having more choices. Add to that with the spectrum for next generation mobile technology 3G going under the hammer early next, the falling could have a solution. And if you could catch the long tail i.e. the vast untapped rural sector, you might hit the jackpot
Subscribe to:
Posts (Atom)