July Newsletter

Editorial

“Life is nothing without a little chaos to make it interesting.”

― Amelia Atwater-Rhodes

                With the ushering in of the new faces of Batch 2013-15, the undercurrent in the air has been that of chaos. Right from the madness of Orientation, to adjusting to the crazy schedules, to swimming through the quagmire of assignments, to navigating through the storm of selection processes for various Cells; the first month at SIMS has whizzed past like a blur for the junior batch. Hence, it is befitting to dedicate this month’s newsletter to “Pandemonium”.

In this edition, “The Managers of Bedlam” discusses at length the role of Big Data Analytics in comprehending the challenges of an organization and aiding to proactive decision making. “The Game of Theories” presents an interesting take on how speculations and strategy shaped the outcome of the Junior Cell inductions. “Are you a Micro Manager?” sheds light on the intrinsic managerial qualities that are harmful to any organization’s growth. The seniors shared their views on “Love Marriage vs. Arranged Marriage” for the Vox Pop, and finally, the rumor mill is all set to set things straight about some spooky buzz around the campus.

Read on to know more…

The Managers of Bedlam

Einstein said once that “change is the only constant”. Most change on this planet is usually born out of crisis, whether it be a country emerging as a superpower out of a world war or the assassination of a military dictator for barrels of oil, chaos is a constant companion of change.

According to Peter Drucker, change is the bringer of opportunity. Chaos usually comes as a prefix to this opportunity. Following up, Drucker also said that the astute manager stays ahead of the game by watching for the changes. In today’s rapidly changing industrial paradigm, we can go one step ahead and say that astute managers thrive on chaos. They are the few people who know what the method to the madness is and the rare breed that believes that when it comes to innovation there is no box.

Gone are the days when organisations would sit pretty on the top of their business cycles, content with their product’s success and confident in their size to be touched. Today a Micromax is showing Nokia what it means to be on the ropes and a WhatsApp is showing BBM how it’s done. The point is that most of the former companies have no answer to the chaos that comes with a changing market.

So what separates the chaos manager from the garden variety type? They aren’t geniuses who solve MENSA puzzles for breakfast and find a solution to global warming in the evening. No, perception and courage are the things that define them. Where we see chaos they see a method, where we see loss, they are brave enough to see opportunity. They understand that their every move is usually fraught with risk but they put it down to the cost of doing business.

Chaos and dissemination of information also have an old relationship. The simple fact is that the most informed one usually comes out on top. Today, a shift is taking place from production based economics to information based economics. Information is power yes, but amongst the Exabyte’s of information what qualifies as relevant?

Information nowadays is available in a multitude of forms from many sources. Companies with an increasing focus on KYC, are now facing increasingly large obstacles, in compacting, and making coherent sense of the data being thrown at them. Managing Facebook posts, tweets, blog reviews, and grievances on a wide variety of issues and folding them into a single strategy is the need of the hour.

Using Big Data Analytics, leading organisations incorporate data collection and analysis to carry out controlled experiments towards improved decision making process. Established companies and new entrants alike are leveraging data driven stratagems to innovate, compete and get reign of the market from the core, right up to real time information.

The year 2013 is set to mark a paramount rise in the incorporation of big data analytics to draw out patterns and preferences and is all set to be the marker of the next generation of marketing and developmental strategies. There isn’t known to be a sector that does not benefit from this dynamic tool which has become a pivotal part of our lives, leaving its ‘growing phenomena’ days far behind with its overwhelming volume, velocity, variety and an overall outreach driving both, business and consumer value to a whole new facet. The cycle has begun and the company which finds the right balance between relevance and information will survive and thrive in the chaos.

Are you a micro-manager? Find out…

Do you practise the art of extensive planning right to the last detail and not trust your subordinates to do a god job? Do you like being in control all the time? If yes, then you probably are a micro manager.

The need to be a micro manager stems from innate insecurities that a person has and a belief in the fact that he can only trust himself in doing a job. They have an incessant need to control every outcome of a task. They are very detail oriented and structured in their thought process and they do not believe in delegation of authority. Such a managerial style is very harmful in a corporate environment.  It results in the manager constantly obsessing over the work done by the subordinates which restricts them and doesn’t allow their creativity and ideas to flourish.

In order to get over being a micro manager, the following points should be kept in mind.

Built trust in the team and ensure them that you value their work. Learn to delegate work and trust that your team members will do a good job. Leverage rewards and recognition to motivate them. Build capability in the team and learn to transfer your skill set to them so that they can help take the team forward.

So, learn to step back and be macro-manger instead of being a micro-manager.

     Of

 The Game ^Theories

Everyone must be familiar with the Nolan magic, “Why so serious”? (Bet you said it just like the joker). The movie in its entirety was based on the concept of Game Theory which is a mathematical cum psychological theory that is used to initiate an action which is carried out based on the prediction of any reaction.

The selection of the various people into the different cells that SIMS had to offer created a very eventful (even the organizers of NH7 would get a complex types) two weeks for the batch 2013-2015. There were people seen placing bets on who would make it to which cell and who wouldn’t last at all. But what was curious was how a certain set of people strategically tried to eliminate their competitors by saying “The interview was very easy, very general”. They predicted that this would invoke a laid back attitude towards the interview and would give room for mistakes to happen.

It was rumoured that the people who had applied for the initial two cells couldn’t apply to any other cell, predicting that most people out of these would not make an effort to cross check and would simply not apply; devil’s had been at work.

And, that final list which makes hearts leap, palms sweat and heads swirl is also based on simple predictions. It is all game theory in the end. Shocking! But true. Clearly it had been a very “GoTish” two weeks.

 Vox Pop (Views about Love vs. Arranged Marriages)

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Rumor Mill

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