P.A.C.E gurus

P.A.C.E gurus www.pacegurus.com - Business Analytics with R, EXCEL, SPSS training and Consulting.

Training videos for Risk Modeling, Financial Modeling, Financial Statement Analysis, CFA, FRM and Actuaries. Corporate Training, Consulting & Training videos for Financial Certifications like CFA, FRM, and Skills like Business Analytics with tools like EXCEL, VBA, R, Tableau, SPSS for Data Visualization. Trainings on Financial Modeling, Risk Modeling, Financial Statement Analysis, Finance for Non Finance, Financial Mathematics etc.

09/04/2019

Block Chain Technology - Moving from Centralized to Decentralized

A Beginner's perspective

"If you can't just explain it simple, you haven't understood it well enough." ---Albert Einstein

I want my understanding to be corrected by the experts in my group

"A blockchain is a digital file in which the same information is stored by all members of a community and updates are attached to the existing information in regular blocks of time so that each participant has all the information and does not have to rely on others.---Julian Hosp

It is one of the possible ways of generating consensus decentrally in the digital world. It is decentralized ledger technology where the same data is stored by a group of people who are the members of a community (Rather than one party maintaining/controlling the information - Lack of Trust) and the data is updated at some regular intervals (Time blocks) with the consensus of all or majority of the members of the community digitally. This new information block is attached to the previous information block cryptographically (Chaining of the blocks and hence the name). No one can tamper the information without the consensus of the community and hence no question of bluffing.

Major advantage, I perceive with this technology is "Transparency in the transactions and processes in an encrypted manner" thus resulting in Value creation for all the stakeholders in the chain. It looks like it can reduce fraud, corruption and other major ailments which happen to be the key traits of majority of people who are in power and who have accumulated wealth in quite less amount of time. Will that elite group of professionals be interested to curtail their power and increase transparency in the processes? Only time should tell.

Technologically there may be many challenges, but I tried to put my understanding from a layman's perspective so that everyone understands the basic concept of the latest disruption technology. Any more value addition from the group is welcome

08/04/2019

Now that many of students are about to hit the corporate world and about to join new jobs, I thought this article is relevant. Bosses can also reflect on this aspect and try to correct themselves to become great leaders

Role of bosses that makes high performance employees quit the organizations

1. They Overwork People - They do not know how to utilize highly skilled people. They believe more in quantity of work rather than quality of work

2. They Don’t Recognize Contributions and Reward Good Work - They are ready to criticize some thing that goes wrong in public but they do not appreciate some achievements in public.

3. They Don’t Care about the suggestions given by their Employees. Meetings are called just to stress their point of view and to convince their bosses, but not for any other value addition. They prefer discussing useless things in meeting rather than trying to improve productivity.

4. They Don’t Honor Their Commitments and try to pressurize their employees to work on those commitments. They keep on making false promises to their customers and pressurize their employees to meet those targets

5. They Hire and Promote the Wrong People - This is the key trait that puts high performance people completely off. They promote people who praise them more and try to suppress those who criticize them. Moreover they try to give more importance to new comers with an intention to suppress the existing work force.

6. They Fail to Develop People’s Skills and they themselves do not try to upgrade their skills. They have a very biased view on the skills that are essentials for their employees.

7. They Fail to Challenge People Intellectually. Rather they focus on harassing them with activities where the employee is not good at and try to find fault of the employee in that aspect.

If you want your best people to stay, you need to think carefully about how you treat them. While good employees are as tough as nails, their talent gives them an abundance of options. You need to make them want to work for you.

20/03/2019

Four types of People based on learning potential

Have the Ability to learn and willingness to learn

You are a self motivator. All you need is a proper direction. Look for a good mentor

Have the Ability to Learn but do not have the willingness to learn

You need a good counselor who can motivate you, who can inspire you about your inherent capabilities

Have the Willingness to learn but do not have the ability to learn.

Search for a good tutor and a good teacher who is excellent at the subject and seek his/her guidance until you succeed

Lack the willingness as well as the ability to learn

Either you need to take the help of all the above or simply forget about learning anything and try to use money/power or any other influence to get your jobs/things achieved. Today unfortunately we are surrounded by many brokers and colleges which are really good at these tasks.

01/02/2019

"Engineering graduates more employable than MBAs"
"93 per cent MBA graduates are unemployable: Problems with management education in India"

Referring to a few newspaper headlines that came up in the last few months in leading dailies, I have a question to the teachers and mentors of various MBA colleges in the country. "What could be the reason for this situation?"

The same question can be put to the faculty as well. "Why are the faculty not able to make the student employable?" "Why are they not able to upgrade their skills to meet the industry requirements?" "Why are they resorting to the Powerpoint based lecture mode of class still when 20 sessions of different skills can be demonstrated?" "Why are they not able to do industry accredited certifications?" "Why can't the curriculum and the examination system be changed to open book, practical based to accommodate thinking and application rather than trying to remember the concepts?"

Why dont the students demand industry updated curriculum and challenge the faculty rather than trying to settle down with jobs which are offered even to the graduates? I think rather than pointing fingers just towards the students, I strongly feel that there is an urgency for the faculty to start putting more focus on real learning rather than trying to confine themselves to status quo.

There is a lot of opportunity to contribute to the cause of management education. Lets play our part in skilling the students and laying the foundation for the next generation.

26/01/2019

I definitely feel that MBA Finance curriculum in a good B-School should be aligned with that of globally recognized certifications like CFA, FRM, CQF etc. with more practical flavour. In this way, B-School students will be able to clear those certifications with more ease and can get into real financial analysis jobs rather than simple back office jobs which require majority of focus on Financial Data entries. Faculty members should upgrade their skills to teach at that level if any B-School needs to position itself as good in Finance.

25/01/2019

Leaders involved in framing the Constitution had a great vision which incorporated India as secular, socialist and democratic republic, providing equal rights to all its citizens irrespective of their caste, creed, religion or other differences.

Remembering each word from the above....Happy Republic Day to one and all.

24/01/2019

Any system where there is no fear of failure cannot prosper. There has been a big deterioration in the quality of education at all levels because of this aspect. When everyone can get the same fruit/result by throwing money, what is the motivation of working hard for a success? In this scenario, there is no role for a guru/teacher in shaping the career of a student. My deep condolences to this kind of a system and I wish that the fear of failure be created at each step of career journey and students work hard to achieve every mile of success by paying attention to the teachers...

02/01/2019

Do exams and grades really matter in an MBA/PGDM course?

My answer is "NO". Many may differ with me. Focus should be on acquiring the necessary skills which will make you employable or do further research in an area. Students should focus on doing as many practical oriented projects as possible, showcasing their skills to the industry through various events/fests/social media posts etc. Faculty should come out of their comfort zone, upgrade their knowledge in the newer areas in their domain and include the same in their curriculum and remain concurrent with the industry requirements. Curriculum should focus on practical application of concepts rather than mere theory and dictation of notes.

Students should become more demanding, challenge the faculty for more practical orientation rather than focusing on exams and grades. Students need to realize that for a majority of them, this may be the last stage of college before going full time into earning world and hence is the main opportunity to fill their skills kitty with a big bouquet so that they enter into a job of their choice...

No pains No gains....Without you working hard and showcasing your skills, good companies may not come forward to recruit you. You will land up in jobs where you plan to change right from the second day you join....

31/12/2018

A new year is just a calendar change unless there is something new in you this year. Mere cake cuts and cracker bursts and partying does not welcome the new year. We are all eligible to celebrate this new year only if we strive to get new learning, new experiences and new transformation in the way we live and take ourselves to the next level of maturity in reaching the goal of life.

Wishing everyone a very happy and prosperous new year and wishing all you to go closer to your dreams and targets this year.

29/12/2018

Learning should be a continuous process. If its done purely to generate earning, that learning is short lived.. It gives short term satisfaction only... But if you are a continuous learner, lifetime satisfaction is guaranteed... Means of learning and methodology of learning and topics of learning are individual specific based on what is close to one's heart. So never ever learn something with some short term motive... Make learning a part of your life, you will find it more beneficial...

17/12/2018

A B-School can be treated as a premier B-School if it can guarantee employability (Providing Job oriented skills to the students) but not guaranteeing employment. Companies should compete for students from that B-School for recruitment because those students bring a lot of value to the company. Hope the private B-Schools, students and their parents realize this ground reality and look for long term benefit rather than a short term unrelated jobs.

16/12/2018

Machine Learning Solution to Life Problem

Satisfaction is a complex function of many factors: personal, professional, social, environmental etc. Maximisation of that objective function is the goal of any human being. This maximisation function is subjected to many constraints relating to various dimensions. We always try to find a local maxima solution (Short term Satisfaction) by giving some weights to each of the factors based on our impulses and immediate priorities. But that may not be a global maxima (Life time satisfaction). Those who were able to identify their algorithm (the factors and weights to each of those factors) such that they reach a global maxima solution, have really achieved the purpose of life. This function is individual specific. Learning is a process of identfying and designing that complex algorithm of life....Happy Sunday

Address

Hyderabad
500090

Telephone

91-9848012123

Website

Alerts

Be the first to know and let us send you an email when P.A.C.E gurus posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to P.A.C.E gurus:

Shortcuts

Share

Category