Management conferences

Being a business management student,i am always curious about management conferences. Currently, a huge conference is going on in Davos, Switzerland. This conference is more important because of global recession. People are hoping that it can recommend some solution to get rid of the recession.
Many economists, business tycoons are there to propose new insight and thought so that their long experience and expertise can make this planet better in terms of wealth. So lets hope this conference will be corner stone to save our economy.

Global recession

Business has never been such competitive. Big corporate houses are falling down. Legendary Lehman Brother, Merill Lynch, submerged and other are underway. It seems that there is no measure to get out of this recession.
Countries are introducing bail out plan with billions of dollar. These countries are moving towards capitalism to socialism. It has proved that market can not be fully independent. Government intervention is mandatory for smooth operation of economy. Many economist like Milton Fried man sought for free market economy but ultimately Keynesian theory is getting one more approval that government should play vital role to save the economy.

Health insurence facilities

When i cam to Germany, i did not know that i need a health insurance during the entire stay here. When i joined the University and they asked me a health insurance, i was surprised because i already had one from Nepal but they said that it does not work. They need a insurance from government insurance company.
Out of many AOK and TK are the major health insurence companies who provide better facilities in Germany. Others are Allianz, Barmer etc. Health insurence is a burden even for German students who have less chance of working during the student life. And what about foreign students who have limited budget? It is a disaster for them. Though facilities provided are ok but not enough because one has to pay Euro 5 for each medicine recommended by the doctor. Every quarter one has to pay Euro 10 as practice fee for doctor.
So before comming to Germany, one has to bear in mind that he/she has to cover all health insurence which is huge amount.

Dispute over birth place of Lord Buddha

Last week one bollywood film called chandani chowk to china mislead the people by showing some clips that Lord Buddha was born somewhere in India. Whole world know that he was born in Nepal and UNESCO has also certified this fact by listing Buddha's birth place in world cultural heritage.
This was not single offence that India about Buddha. Since many years India has been attracting and misguiding the tourist by saysing and showing some fake places as birth place of lord Budhha.
We Nepalese should always try to inform the world the real fact about Buddha and his birth place and should always try to protect all misleading information in calm way.
Who ever see this blog, please be informed that Buddha was born in Western part of Nepal. The place is called Kapilvastu which lies in Lumbini zone. Hell Buddha and thumb down for Indian authorities who tried to mislead people.

Credit card facility from Deutsche bank Germany

Last time when i was in immense need of credit card to buy a flight ticket to Spain, i heard about the credit card facility to the students by Deutsche Bank in Germany. When i went there i found it very interesting but later knew that the interest charge was unimaginably high. Further when i bought ticket they charged six euro for using this credit card. I did not know that i have to pay extra fee for using this facility except charge by bank.
Any way i am not frequent user of credit card and when ever i need i already have ne. But i am thinking to go for citi bank credit card because it is more student friendly and credit limit is also high.

Ground breaking Economists

Again big word. I was reading a book named inside the economist's mind, a book which includes the interviews of prominent economists of the century. Most of them are noble prize laurate e.g. Paul Samuelson, Milton Friedman, Franco Modigliani, Stanley Fisher and many more to name. When i was reading the book i came to know that almost all of them are the product of so called elite universities such as Harvard University, Stanford, University of Chicago, MIT, Yale University, Columbia and many more to name.
There are lot of business schools like Insead in France, HHL in Germany, Technical University of Munich in Germany, HEC in France, IMD in Switzerland, Oxford in UK, etc. But most of the economists are from US universities not from other universities. All breakthrough ideas and theories are from US economist and many are Nobel laurates. Other developed countries also have money, capable universities, research institutes but less breakthrough ideas in economics.
I think it is because of research freedom and money. But major reason is the brand name of these universities where all people want to go and only brilliant have access. If you teach brilliant people then ofcourse you will get innovative ideas and theories.

Some more in project management

While working at Ericsson Germany, i was talking to some project managers about project management and project performance analysis for my term project report. My idea of writing term project was to evaluate some project in terms of corporate goals and strategies. For example general goal of Ericsson in Germany are profitability, growth and operational excellence. However during talk one senior project manager of Ericsson told me that project managers there have no influence on project profitability and growth. These are strategic part of the company and only key account managers, contract finalizing responsible and customer satisfaction responsible are player in these strategic management game. However i asked them, so why are you here if you can not contribute to the corporate objecti´ves and strategies? Then he replied that we are functiong as operational team ´we have influence in operational excellence and we are doing that.
In their term operational excellence means efficient use of budget, human resources and ofcourse time. Normally there at Ericsson project manager will have hard times if project runs over budget. Key account managers and other executives do not want to approve change request and finally landing up with project failure most of the time. So project managers there are working as operational team who even do not have any influence in sales. They have to do what the key account managers want them to do. For example if key account manager asked them to develop new testing system for Deutsche telekom or Vodafon or other operator then they will have some budget to start the project but they do not care about the revenue from that project.
Finally i thought that project manager should have full authority to operate project and should have influence in overall project not only in operational part.

My ebay experience

Yesterday one of my fríend bought a mp4 player with touchscreen in ebay at around 15 euro. When i heard that i also wanted to have one and started bidding in ebay. Everytime i bid, i was defeated by line margin. I tried 5 times but landed with nothing. Finally i wanted to sleep but took last chance for a 4 GB machine. Quoted price was 18,50 euro and i bid at 19 euro thinking that i will be downed and i do not need to buy a 4GB machine but to my dismay nobody offered more than that and i was compelled to take that machine.
Then i thought it was written and i can not change the fate. I wanted a 8GB machine but landed with 4 GB at 19 euro. If i compare with market price then it is quite cheap but still i could have got 8 GB machine. My bad luck................

Suffering from cold

After such a long time, i am suffering from cold and fever. I am almost sleeping since three days and drinking soup and only hot drinks.
I have to write and finish my project work but have no mood to write. I have to go to work and i do not feel of going. Today i cam eout of room to buy some soup and drinks, i mean hot dreanks to recover from cold.
Main reason is i drank little bit cold wine and beer on the eve of new year and the side effect is i am suffering. Any way lets see how much this cold can make me feel sick.