Tuesday, November 21, 2006

One lazy morning!!!

Yday this stupid thing, otherwise called bloggin, made me defer my working on marketing assignment .. and i ended up slogging till 2:00 in the night.. Well,,bloggin is not the only culprit though.. I tried to understand what went on in ydays Accounting class.. something about our accounting class.. Before MBA, i always presumed that Accounting is the MOST boring-est subject ever.. But our prof is an awesome teacher..Every single sentense in his class would be relevant.. If you miss a single sentence, it would take atleast 10-15 to get back on track again.. Some times it would serve no purpose to attend the class there on.. He makes the theoritical part seem so simple and ends the class with a case study. Case study is the most interesting part of the class.. Eevry body in the class are intimidated to answer his questions.. Sometimes even obvious questions like 2+2=? would not get any response from the class..anyways,, the bttom line is that he is an awesome professor..

Ohh.. i have to talk about todays sleeping morning right!!! well,, in ydays case study of accounting, i was the one who slacked for about 3 minutes during the class, and was blank for the rest of the class.. So i worked a lil bit on accoutning before hitting the sack... Got up at 7:30 in the morning.. STarted to school without a shower ( i guess this is the first time i attended a class without a shower).. Missing the bus, running out of cigarettes added to the drama.. Finally i was able to be On Time for the class.. The worst part of the day follows.. I literally slept-minus-snoring in the class.. DUring the break the guys sitting beside me wished me a Good Morning.. and gave me the cold news that the professor took a notice of my sound sleep.. I hope it does not affect my class participation share of marks!!!!All i care in marketing is a A or A-.. This is the last marketing class i am going to take.. Who cares!!!
Surprisingly,, The second half of the class was interesting.. She showed the results of the Psychology of customers in marketing.. Like.. One example :
You buy a ticket for a movie for 100$.. Just before entering the theater you realize that you lost your ticket.. Would you buy a new ticket for another 100$.
You buy a ticket for a movie for 100$. Just before entering the theater you realize that you lost 100$. Would it make any difference.
another one:
You go to buy a calculator of worth 250.. The shopkeeper tells you that the same calculator is available for 10 $ less in a shop some 20 miles away. Would you bother to visit the other shop.
You go to buy a calculator of worth 25.. The shopkeeper tells you that the same calculator is available for 10 $ less in a shop some 20 miles away. Would you bother to visit the other shop.

Economics wise, tere is no difference.. But customers psycology makes the outcome different..

Last and the best one:
It snows in, say Boise..The demand for the showels increases and thus the shopkeeper raises the price from 100 to 120$. Is it justified?
80% of the customers (public) responded that it is not.. where are 80% of MBA grads responded it is!!!
She ended the class by saying - "the lesson is, when you go out in the market and work as executives, think from the customers perspective, not from MBA or economics perspective"

Ooooh!! lot of wasted time.. I should run to Borders and sudy, NOW!!

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