business letter

Crude oil fall

WTI closed November just shy of $89 a barrel on hopes of an improving economy. I think there is an argument for an improving economy in 2013, but it is just too early to tell how things are going to come together with the economy, and all the ramifications of basically an anti-business and social agenda political leadership of the last four years.
I am not making a political statement that there aren`t some benefits to be gained by such governmental policies, more to state the fact that with a lot of the legislative and fiscal policies of the last four years we have yet to fully understand some of the costs and unintended consequences of these policies like higher taxes, increased healthcare costs, and increased business regulation costs.
So this is an area that remains to be seen how all this plays out in the economy. Just last year many analysts were expecting 2013 to be an increased chance of a recession

 

 

Why did i join PGDM?

The PGDM is not an end in itself, but a means to an end. It is a degree designed to give you the ability to develop your career to its fullest potential, at an accelerated pace.I selected PSGIM to get more exposure from finance field.Its my passion to get the PGDM for the expansion of my career.I heard a lot about this institute as a reputed B School in the south India.I never expected to get this seat for me. And it was a miracle for me when I got the admission.In PSGIM, PGDM mainly focused the students to give more practical learning than theory oriented. And no more pressure is force when comparing with MBA programme. So, I took this programme.What will I get out of an PGDM? Aside from a powerful life experience, it should supply three main value propositions: Skills, Networks, and Brand.
Skills
These include the "hard skills" of economics, finance, marketing, operations, management, and accounting, as well as the "soft skills " of leadership, teamwork, ethics, and communication that are so critical for effective management.Students acquire these skills inside and outside the classroom. Since PGDM programs attract people from very diverse industries and cultures, a program should be able to leverage these differences and translate them into learning opportunities.
Networks
A PGDM program offers access to a network of PGDM students, alumni, faculty, and business and community leaders. This network can be very useful when beginning a job search, developing a career path, building business relationships in your current career, or pursuing expertise outside your current field. For example, entrepreneurs need access to capital, business partners, vendors, and clients. Arts-related businesses need access to funding and strategic management in order to position themselves to be relevant in the marketplace. Global businesses need access to local business cultures as they expand their enterprises to new territories.
Brand
The PGDM signifies management and leadership training. The particular school and type of PGDM program you attend also have brand associations that can help open doors based on the school's reputation. The strength of a school's brand is based on the program's history, its ability to provide students with technical skills and opportunities for personal growth, and the reach of its alumni and industry network. A powerful brand can give you the flexibility to make changes throughout your career.

Why PGDM?

When I looked for colleges in the south india, PSG was definitely in my radar because of its reputation of being an astounding institute in academics for more than fifty years in the south. I applied and called for a group discussion and interview. In fact I would say that I gave my best shot at GD/PI. I was offered PGDM since I did not have a valid MAT score. I was desperately looking for specialisation in operations and the availability of that boosted my chances. When it comes to learning with work experience PGDM is the default. Even the lords of  Indian management studies IIM's offer PGDM not an MBA.

Then I backed myself and went ahead in pursuing this program. I chose this program because this will give me a psychological edge over the crowd and will help me in climbing the corporate ladder at a faster pace. I am a chemical engineer and my wings are clipped for being industrially preferred.

Presentation skills, communication techniques, business practices etc are some of the key deliverables that every management student must possess.Developing skills in leading and teamwork is an important facet of the pgdm. This anticipates practices in many of today's successful organisations. The interactive skills of effective communication, conflict management, negotiation and mobilising individuals towards common goals are the essential ingredients of effective management.

 I am very confident that the PGDM program will suffice the best when it comes to skillful learning. skills set with combination of intelligence can  be the blessing of this program.

With all the above advantages, i chosen this program

I strongly believe, In life we don’t always do the right things, but we can do things right. As the karmayoga says, hard work hardly fails, am working hard to live up to my dreams.

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Power shortage impact on diesel - oil prices part -4

The ongoing power crisis across Tamilnadu has created a new concern for diesel availability. Ever since the power shortage started there is a sharp surge in quantity of diesel sold. This diesel consumption surge is due to usage of diesel for generators. Many industries depend on power for mass production of their goods. Because of non availability of power they are forced to operate industries with influence of diesel generators. The subsidy provided to diesel is again misused for purposes other than transportation of commodities. This will lead to additional import of crude oil which in turn adds burden to the oil companies which is already reeling under potential losses. The government need to shell out few dollars in addition to compensate for the misuse of subsidies. Continuous use of diesel for power generation will lead to increase in diesel prices and the basic commodity prices will also rise in parallel to It leaving aam aadhmi in the dark.

The regulation authorities also need to draw certain lines to curb this misuse of subsidy.

It is high time that we all should learn to use the resources in the best possible way. The burning of diesel for generating electricity is adding to pollution woes. The solar energy which is abundant and is the limelight for our future generations is highly untapped. Why don’t we focus on using this energy which is abundant and green to the environment?

Meltdown of premium petrol variants - oil prices part - 3

                                                 If you are a frequent user of gas stations, you might have noticed the increase in prices of premium petrol products like speed, extra premium etc which were wooing customers with increased efficiency, mileage and with lot of stuffs. Three major oil companies Hindustan petroleum, bharat petroleum and Indian Oil Corporation all set to stop production of these premium variants. 

There is a sharp decrease in consumption of these premium products in market due to continuous rise in oil prices and when government withdrew its subsidy the curtains are almost down. The price difference between premium versions and normal versions earlier would be in the range of 2 to 3 max. But with governments subsidy cut, now the difference mounts to 8 rupees. This can distance consumers from using it. The slump is major setback for the oil companies because of the huge investment spent in branding and infrastructure facilities. Statistical data reveals the setback is already projected three years back which stopped oil companies from further investment in this particular division. It also reveals high end SUV users, who were the main consumers of these premium variants also looking to prefer normal variants. The much hyped premium petrol products which were the cash cows once were now set for a decline.