The buzz word on campus is "Mark Strat"... Everyone I meet asks "Have u made ur markstrat decision" - the pressure is greater than that for my matrimony decision!!! For those unenlightened, Markstrat is simulation game all 420 of us are hooked on to...Each group is a firm that competes with all the other "firms" on the campus in terms of products, strategies, etc. If u r wondering why the hell we would play simualation games when we dont have time to study - the answer is, thats becos if we win the game we get better grades!!!! [U should have known that we ISBians are not that fool-hardy]
Amidst piling pre-reads, intmidating cold calls in class, unfathomable subjects, "u get 4 hours to sleep, eat, change, pee, etc." schedules, and sudden release of woeful term1 grades, life at ISB goes on...Gone are those sweet days of term 1 [u can imagine the sad state of affairs if I am pushed to say something like that]...Those luxurious pre-ISB when I could afford 10 hours sleep, 2 hours TV, and 2 hours gym guiltlessly, days seem Jurassic to me!!!,[now if u notice that sentence, the keyword is in italics to emphasise the fact that I still stick to my old schedule but with my heart full of guilt]. And if u r thinking markstrat was the one good thing that happened to me - Nope...
I spent the last 2 insightful hours in the auditorium, watching some parts of "Commanding heights" - a PBS series which is a snapshot of evolution of Global economic principles over the past century. Whatever views I am presenting here are my own and may seem quite naive to the economics gurus out there.. Spare me!!
The following were main takeaways for me from the video:
1. The world economy has wandered between being a controlled/centralised economy [close to communistic - but not exactly, cos the government was in charge of only a few "important" industries like railroads, mining which were called commanding heights but planned the rest of the economy ] and being free markets [which in my perception is capitalism].
2.After several years of trying to have planned economies for their countries, governments realised how growth was stagnating and inflation was rising - but they refused to budge their stance.
3. What the men did'nt have the guts to do one woman did - Margaret Thatcher - thank her for the free markets we see today. It was today I realised why she is called the "Iron Lady" and how much she deserves it - you must be made of iron to ignore an "almost" revolution happening around you and stick to your stance.
4. This is just an theorem, well proved by point 3:
Whatever damage many men can cause over several years can be set right by one woman in a fraction of the time the damge was caused! :)
[point 3 is only one of the several proofs of this theorem]
5. When one market opened up and succeeded, it was like chain reaction and almost all countries followed suit - and voila, the world is flat!
6. I know all of us at ISB have asked ourselves atleast once in the past 2 months " why the hell did I leave a great job and come here..Am I a masochist?". I have too. I realised why today! At work, it was more like controlled market - I knew all I had to do was reach the minimum required and I would get paid anyways. There was little or no competetion. Obviously, my efficiency was low, I was not working to my fullest capacity, and I dint have an incentive to slog my butt off!!! I knew I was stagnating and I decided to try a free market called ISB and here I have incentive to put in my fullest -else I'll be trampled over by competition...So I work at maximum capacity, full efficiency and so the overall output is excellent!!! Hope u got the analogy.
I guess that was a long post and I have bugged u enough.. bye