Interpretation: Score of 0-9 is considered normal while 10 and above abnormal. Many a times, I have clocked 21 out the maximum possible 24, the only saving grace being the last situation, since I don’t like to drive (maybe, I should ask my driver to answer that lineJ)
In conclusion:
Barring stress control, Ranjan Das did everything right: eating proper food, exercising (marathoning!), maintaining proper weight. But he missed getting proper and adequate sleep, minimum 7 hours. In my opinion, that killed him.
If you are not getting enough sleep (7 hours), you are playing with fire, even if you have low stress.
I always took pride in my ability to work 50 hours at a stretch whenever the situation warranted. But I was so spooked after seeing the scientific evidence last week that since Saturday night, I ensure I do not even set the alarm clock under 7 hours. Now, that is a nice excuse to get some more sleep.J
Unfortunately, Ranjan Das is not alone when it comes to missing sleep. Many of us are doing exactly the same, perhaps out of ignorance. Please forward this mail to as many of your colleagues as possible, especially those who might be short-changing their sleep. If we can save even one young life because of this email, I would be the happiest person on earth.
Explore the manager within you.Share the knowledge you have acquired as a student or as a professional.No better place to put your thoughts and views on various aspects of management.If you want to contribute to the blog as an author then mail us at aggarwal.prabal@gmail.com or vicksitis@gmail.com.Else you can post in your comments on our various posts. Also, if you like our articles, comment on it, as it will encourage us to write more
Friday, November 20, 2009
Lack of Sleep and Heart Attacks - What killed Ranjan Das and Lessons for Corporate India
Thursday, November 19, 2009
Inflation-Nice One
A man eats two eggs each morning for breakfast. When he goes to the Kirana store he pays Rs. 12 a dozen. Since a dozen eggs won't last a week he normally buys two dozens at a time. One day while buying eggs he notices that the price has risen to Rs. 16. The next time he buys groceries, eggs are Rs. 22 a dozen.
When asked to explain the price of eggs the store owner says, "The price has gone up and I have to raise my price accordingly". This store buys 100 dozen eggs a day. He checked around for a better price and all the distributors have raised their prices. The distributors have begun to buy from the huge egg farms. The small egg farms have been driven out of business. The huge egg farms sell 100,000 dozen eggs a day to distributors. With no competition, they can set the price as they see fit. The distributors then have to raise their prices to the grocery stores. And on and on and on.
As the man kept buying eggs the price kept going up. He saw the big egg trucks delivering 100 dozen eggs each day. Nothing changed there. He checked out the huge egg farms and found they were selling 100,000 dozen eggs to the distributors daily. Nothing had changed but the price of eggs.
Then week before Diwali the price of eggs shot up to Rs. 40 a dozen. Again he asked the grocery owner why and was told, "Cakes and baking for the holiday". The huge egg farmers know there will be a lot of baking going on and more eggs will be used. Hence, the price of eggs goes up. Expect the same thing at Christmas and other times when family cooking, baking, etc. happen.
This pattern continues until the price of eggs is Rs. 60 a dozen. The man says, " There must be something we can do about the price of eggs".
He starts talking to all the people in his town and they decide to stop buying eggs. This didn't work because everyone needed eggs.
Finally, the man suggested only buying what you need. He ate 2 eggs a day. On the way home from work he would stop at the grocery and buy two eggs. Everyone in town started buying 2 or 3 eggs a day.
The grocery store owner began complaining that he had too many eggs in his cooler. He told the distributor that he didn't need any eggs.
Maybe wouldn't need any all week.
The distributor had eggs piling up at his warehouse. He told the huge egg farms that he didn't have any room for eggs would not need any for at least two weeks.
At the egg farm, the chickens just kept on laying eggs. To relieve the pressure, the huge egg farm told the distributor that they could buy the eggs at a lower price.
The distributor said, " I don't have the room for the %$&^*&% eggs even if they were free". The distributor told the grocery store owner that he would lower the price of the eggs if the store would start buying
again.
The grocery store owner said, "I don't have room for more eggs. The customers are only buying 2 or 3 eggs at a time. Now if you were to drop the price of eggs back down to the original price, the customers
would start buying by the dozen again".
The distributors sent that proposal to the huge egg farmers but the egg farmers liked the price they were getting for their eggs but, those chickens just kept on laying. Finally, the egg farmers lowered the
price of their eggs. But only a few paisa.
The customers still bought 2 or 3 eggs at a time. They said, "when the price of eggs gets down to where it was before, we will start buying by the dozen."
Slowly the price of eggs started dropping. The distributors had to slash their prices to make room for the eggs coming from the egg farmers.
The egg farmers cut their prices because the distributors wouldn't buy at a higher price than they were selling eggs for. Anyway, they had full warehouses and wouldn't need eggs for quite a while.
And those chickens kept on laying.
Eventually, the egg farmers cut their prices because they were throwing away eggs they couldn't sell.
The distributors started buying again because the eggs were priced to where the stores could afford to sell them at the lower price.
And the customers starting buying by the dozen again.
Now, transpose this analogy to the gasoline industry.
What if everyone only bought Rs 200.00 worth of Petrol each time they pulled to the pump? The dealer's tanks would stay semi full all the time. The dealers wouldn't have room for the gas coming from the huge tanks. The tank farms wouldn't have room for the petrol coming from the refining plants. And the refining plants wouldn't have room for the oil being off loaded from the huge tankers coming from the oil fiends.
Just Rs 200.00 each time you buy gas. Don't fill up the tank of your car. You may have to stop for gas twice a week, but the price should come down.
Think about it.
Also, don't buy anything else at the fuel station; don't give them any more of your hard earned money than what you spend on gas, until the prices come down..."
...just think of this concept for a while.
..................please pass this concept around....reaching out to
the masses ...the world .....
Saturday, November 14, 2009
Wednesday, November 4, 2009
Simply Reliance - Exclusive News -Plan Variants to be Launched "Customer Chooses the Pulse"- This is truly India's Most Disruptive & Best Tariff Plan
RCOM’s new plan extensions (to be launched) to the Simply Reliance Plan are — customer chooses the pulse plans.
(Extension Plans to Simply Reliance are not officially launched on the website still - but will be launched shortly as per the source)
- They will launch a 1 paisa per second plan with Rs. 0.60 per minute cost
- & a per 180 second plan with Rs. 1 per 3 minute cost (effective cost .33 paise per minute).
RCOM has taken the pricing war to the pulse level. The offer to customers is simple – customer chooses the pulse duration (second, minute, or 3 minutes) and the higher the pulse duration, the lower the per-pulse charge.
RCOM's another Pricing action is similar to Volume Discounting in segments or slabs. This has and will put pressure on Incumbents like Airtel and Vodafone who are responding to the price war with a passive approach - which is ridden with lots of conditions or riders along with the tariff plans which they offer. Airtel Advantage Plan and Airtel Freedom Plan are both expensive as compared to Simply Reliance Plan by as much as 20% to 60% in various tariffs they offer and again their offers are timed - 30 day validity or 1 year validity. Unlike reliance whose offers are for lifetime.
Reliance Communications Simply Reliance Plan Variants | |||
| | | |
Applicability (Both GSM & CDMA Networks) | Both Prepaid & Postpaid segments - Pan India | ||
Prepaid Plan Implications | New Plan | Existing | New Plan |
Sim Card Cost Currently | Free | Free | Free |
First Recharge for lifetime plan benefit | | Rs.51 | |
Existing customer migration cost - one time cost for lifetime | | Rs.48 | |
Validity of the plan and the number | Lifetime | Lifetime | Lifetime |
Minimum Recharge Commitment every 6 months for connection continuity | Rs. 200/6months | Rs. 200/6months | Rs. 200/6months |
| SIMPLY RELIANCE PLAN (Rs.) | ||
Category / Pulse Rate | Per second | Per minute | Per 180 seconds (3mins) |
Local on-net | 0.01 | 0.5 | 1 |
Local off-net | 0.01 | 0.5 | 1 |
STD (NLD) on-net | 0.01 | 0.5 | 1 |
STD (NLD) off-net | 0.01 | 0.5 | 1 |
SMS - local | 0.01 | 0.5 | 1 |
SMS - national | 0.01 | 0.5 | 1 |
Roaming incoming | 0.01 | 0.5 | 1 |
Roaming outgoing (local) | 0.01 | 0.5 | 1 |
Roaming outgoing (STD) | 0.01 | 0.5 | 1 |
| | | |
Per Minute Cost Workout for Consumers - Effective Cost | Rs. 0.60/min | Rs. 0.50/min | Rs. 0.33/min |
| | | |
Postpaid Plan Implications | | | |
Monthly Plan Type 1 - Cost (with Rs. 99 worth of free sms's) | | Rs. 99/month | |
Monthly Plan Type 2 - Cost (with Rs. 399 worth of free sms's & free local calls both) | | Rs. 399/month | |
| | | |
Source - Company and Kotak Report | | | |
Wednesday, October 21, 2009
Why not to have quota based voting?
This issue popped up in my mind some time back when I heard our new HRD minister Dr. Kapil Sibal talk about having quotas for OBCs in private institutions. It’s not that I was amazed at this U-Turn by Mr. Sibal on the issue of quotas (He was one of the few from government to criticize Arjun Singh’s quota policy.). I have understood by now that you can never trust a politician. But this news item triggered a thought in my mind that when the government is keen to divide the society on the basis of castes, as opposed to what it SHOULD be
doing, why doesn’t it allocate a quota to the voting as well?
Here’s a proposition for quota-based voting in India. Let’s have 27% quota for OBCs, 33% for women, 15% for SCs, 10% for Muslims, 5% for Christians and 5% for others. Remaining 5% might be allocated to the General Category but only if Mr. Sibal and his government think that GC are intelligent enough to chose a government. If they decide to move ahead with their existing argument that GC people have EXCESSIVE advantage over other castes and categories of people, they might take away this Extra-ordinary right as well.
But just imagine what will happen after this quota allocation. 27% of the whisky bottles for elections will be distributed among OBCs leading to nation-wide strikes by SCs to increase their quota. The Election Commission of India will issue a
charge-sheet against Mr. Lallu for exceeding the quota of SCs and OBCs in his rallies. Mayawati will be awarded the “Best Politician” award for showing most respect towards the quota system and the quickest implementation in her state. Mulayam will be put behind bars for having 25% muslims in his party against the quota of 10%. And BJP will be banned for defying the entire Quota regime. Congress will still remain the Most Secular Party in India with strict adherence to quotas.
So, while the GC citizens will be downgraded to third-class citizens, India will develop as the Most Secular Nation on the planet with Quotas for everyone.
AS
Originally posted on http://am-i-possible.blogspot.com
Thursday, October 8, 2009
History of various technologies
Ever wondered how old your favourite technology or gadget really is? Read on to find out
CELLPHONES
How many years old: 36
Date of birth: October 17, 1973
From being a luxury for the rich to an absolute necessity even for the common man, the cell phone’s come a long way. It’s almost an extension of the human body now. Martin Cooper made the first call on a handheld mobile phone on April 3, 1973. The first mobile phone was approved by the Federal Communications Commission in the US in 1983.
THE INTERNET
How many years old: 40
Date of birth: September 2, 1969
For something that you can’t feel or see, the World Wide Web has changed our thoughts and our lives in ways we’re only just beginning to realise. The Internet truly shrunk the world, being the harbinger of an information revolution. This mode of connectivity was born at the University of California 40 years ago last week. And when was the first time it was attacked? In 1988, by ‘Morris’, one of the first Internet worms!
BLOGS
How many years old: 12
Date of birth: April 1, 1997
This one’s the kid in the family. Blogs are freedom of expression on steroids — everything from Bush-bashing to your sex life can be broadcast to the world. ‘Scripting New’ was the first modern blog. Initially, it was named ‘weblog’ (meaning log of the web), and later, in 2004, it received legitimacy from the etymological elite, with the Merriam Webster dictionary making it its word of the year.
THE WALKMAN
How many years old: 30
Date of birth: July 1, 1979
This one passed away young, but its memory lives on every time someone plugs in the earphones of an MP3 player. Thirty years after it was born, the great grand daddy of iPods has been relegated to obsolescence, but the snazzy gadget revolutionised the way people listened to music, and still inspires fond nostalgia from the parent types.
Tuesday, September 29, 2009
Forecasting Model for Fruits & Vegetables in Retail Outlets
Statement of Purpose
To create an indenting system between Retail Outlets & MIS of Subhiksha Trading Services Ltd in Upper North Region. The system should serve the following purposes
Ø Reduces Inventory
Ø Reduces Time lag in SCM
Ø Reduces Dump
Problem Faced
Ø High level of Inventory
Ø High time lag in SCM
Ø High Dump Value
Solution
Implementation of PRABAL’S INDENTING SYSTEM Version 1 that takes into consideration the following parameters.
Ø Average Sales
Ø Day Effect
Ø Season Effect
Ø Increment Effect
Ø Dump Effect
Ø Days of Stock
Ø Critical Shelf Life
Problem Analysis
The company is leading Retail Chain, which serves Fruits & Vege
tables (F&V) also. The F&V are purchased centrally from
Mandi and supplied to Ware House. The purchase is based are based on the compiled order of the region provided by MIS. MIS compiles the data based on the Indent given by individual RO’s(Retail Outlet).
Indent is made by Supervisor. The education level of Supervisor is less than higher secondary. The indent is given in 2 days advance to MIS. Indent is normally created by gut feeling of Supervisor.
Indent > Supply = Wt loss +
Closing Stock = Sellable Closing Stock + Dump
Present Methodology
Ø On the Closing of Day i.e at night, closing stock is weighed and recorded.
Ø Each outlet tries to maintain the desirable no. of day’s stock, which has been calculated for each item separately.
Ø Also Critical Shelf Life of each SKU has been calculated and circulated.
Ø While indenting, supervisor normally keeps both the mentioned information in mind.
But the closing stock calculated by them is misleading in two ways:-
- Closing Stock reported consists both sellable Closing stock and Dump.
- Closing Stock is taken at night, while reported in the morning. Considerable amount of weight loss and increase in Dump occurs by the morning.
This deviation from ideal indent at RO level creates a bullwhip effect at Central Purchase Level.
New Methodology
The indent is forecasted, based on the mathematical formulas.
It Considers:-
Ø Average Sales
Ø Day Effect
Ø Season Effect
Ø Increment Effect
Ø Dump Effect
Ø Sellable Opening Stock in the morning
Ø Days of Stock
Ø Critical Shelf Life
Ø Crate Size
- Gives Recommended Indent
- Gives the option of modifying indenting by increasing the %age of sales over last day
Nomenclature & Formulae
Nomenclature
DSi = Day Sale of particular SKU on Day i
Average= ∑ DSi (i=1 to 14)
Dump E=( ∑ DUMPi)/14 (i=1 to 14)
INPUTS
DSi where i=1 to 14
OS15 = Opening Stock of Day15 of particular SKU
DUMP15 = Opening Dump Stock of Day15 of particular SKU
STN IN15 = Stock Transfer Inwards(Accepted) on Day15 before Indent is made.
STN OT15 = Stock Transfer Outwards on Day15 before Indent is made.
OUTPUTS
RI = Recommended Indent in no. of crates for Day17
FI = Final Indent in no. of crates for Day17
Recommended STN out in no. of crates on Day15
OPTIONAL INPUT
Increment desired on last day sale in percentage inputs.
REMARKS
Kindly mention that why you are giving this increment when its more than 50% or less than -50%
Formulae
DE= Day Effect
Avg Sale
SE= Season Effect
SE = ∑ DSi (i=1 to 8)
∑ DSi (i=1 to 7)
Dump E= Dump Effect
Dump E= (( ∑ DUMPi)/14)/Avg (i=1 to 14)
PS= Projected
PS= Avg(1+DE+SE+ Dump E)
DOS = Days of Stock
DOS = OS15 + STN IN15 – STN OT15
CSL= Critical Shelf Life
> Stock out the excess stock
Else >Regular Indent
> Additional Indent=AI
> AI= RI*0.45 (0.45 is taken by Hit & Trial)
Else >Additional Stock=0
Recommended Indent = Reco I = RI+AI
Inc= Increment percentage over last day sales (DS14)
FI= Final Indent = Reco I(1+Inc/100)