Management Lessons from Movie "3 Idiots"

1. Never try to be Successful

Success is the bye-product. Excellence always creates success. So, never run after the success, let it happen automatically in the life.

2. Freedom to Life

Don’t die before actual death. Live every moment to the fullest as you are going to die today night. Life is gifted to humankind to live and live happily.

3. Passion leads to Excellence

When your hobby becomes your profession and passion becomes your profession. You will be able to lead up to excellence in the life. Satisfaction, pleasure, joy and love will be the outcome of following passion. Following your passion for years, you will surely become something one day.

4. Learning is very simple

Teachers do fail. Learners never fail. Learning is never complicated or Learning is always possible whatever rule you apply.

5. Pressure at Head

Current education system is developing pressures on students’ head. University intelligence is useful and making some impact in the life but it cannot be at the cost of the life.

6. Life is Emotion Management not Intelligence Optimization

Memory and regular study have definite value and it always helps you in leading a life. You are able to survive even if you can make some mark in the path of the life. With artificial intelligence, you can survive and win but you cannot prove yourself genius. Therefore, in this process genius dies in you.

7. Simplicity is Life

Desires have no ends. Simplicity is way of life and Indian culture highly stresses on simple living and high thinking, and this is the way of life: ‘Legs down to earth and eyes looking beyond the sky’.

Algorithmic Trading

Thousands of day traders earning a living from arbitrage opportunities in Indian stock markets may become extinct in the next few years, thanks to the accelerating interest in algorithmic trading.

In electronic financial markets, algorithmic trading or automated trading, also known as algo trading, black-box trading or robo trading, is the use of computer programs for entering trading orders with the computer algorithm deciding on aspects of the order such as the timing, price, or quantity of the order, or in many cases initiating the order without human intervention. There could be thousands of codes written to buy or sell a security, currency or commodity at a particular level when one or more factors emerge.

Algorithmic Trading is widely used by pension funds, mutual funds, and other buy side (investor driven) institutional traders, to divide large trades into several smaller trades in order to manage market impact, and risk. These programs are so fast that people, who look at various developments and decide trade, would be left behind because a machine has done it in milliseconds.

Algorithmic trading may be used in any investment strategy, including market making, inter-market spreading, arbitrage, or pure speculation (including trend following). The investment decision and implementation may be augmented at any stage with algorithmic support or may operate completely automatically ("on auto-pilot").

Example of Algorithmic Trading: A program could be to sell the stock fortunes of a particular company and buy the stock, if the fortune price is x% higher than the stock price. Also, it could be to compare a set of variables – if rupee is more than 45 to the dollar and crude oil is less than $60 per barrel, then software would sell Infosys futures and buy HPCL shares.

In 2006 at the London Stock Exchange, over 40% of all orders were entered by algo traders, with 60% predicted for 2007. National Stock Exchange (NSE) has approved applications of about 200 of its members to trade using algorithms.

Reference: http://economictimes.indiatimes.com/markets/stocks/market-news/Algorithms-may-push-day-traders-to-the-brink/articleshow/5438544.cms

Social Network Marketing

Social media marketing or social network marketing is a term that describes use of social networks, online communities, blogs, wikis or any other online collaborative media for marketing, sales, public relations and customer service. Common social media marketing tools include Twitter, blogs, LinkedIn, Facebook, Flickr and YouTube.

Most successful internet marketers today are using social network marketing as an effective way to prospect and promote. Social networking sites are a hot topic for marketers, as they present a number of opportunities for interacting with customers, including via plug-in applications, groups, and fan pages. Many sites include features where companies can create profiles. For example, on Facebook companies can create "pages" where users can become fans of this company, product, service, individual, etc.

The success in social network marketing comes from successfully targeting and offering the right product to the right market.

You do not want to enter social networking for the sole purpose of selling. Your goal with social network is to develop a brand for yourself. You do this by attraction marketing. The more you share your wealth of knowledge the more you will become known as an expert in your field.

Facebook seems to be the leading social media outlet for businesses by having pages from different companies such as Dots, New York and Company. Twitter comes in 2nd place and Myspace comes in 3rd place.

Social Networks are a valuable meeting place and should always be used to provide value and to build your personal or business brand and following. Social Networks can be a great place to build visibility and awareness and this is important because as consumers we are driven to trust familiarity and repetition.