Final decision (for the year at least)... and life goes on

I am off the waitlist now. I received the final ding letter from Stern. So, no more waits. I am done for the year.

Now that I don't have a single admit, I thought at least I will reorganize my blog. So, I removed the links for the schools. I am still thinking whether I should give the MBA thing another shot. I am still thinking .... but leaning towards a "nay" verdict.

Going forward, my blog is going to contain more of my thought on areas of my interest, e.g., events and trends in finance, market and business. It is not that I am an expert in any of these areas. But I like these areas.

C.K.Prahalad's article on outsourcing (in WSJ) was an interesting read today. I was expecting a little more from Prahalad. But he took the usual efficiency-productivity-global market route. Though he did take a potshot at Lou Dobbs, he carefully dodged Lou's prime concern - the issue of US job loss. Everyone, including Prahalad, talks about the obvious gains to business and economy by lower cost, higher productivity, global competitiveness etc. But no one talks about the social implication of loss of white collar job in US.

I am a proponent of outsourcing and focus on core competency. But I am still looking for some ideas to mitigate the social implication of job loss. The only voice I have heard on this issue so far is that of Greenspan. He says that historically US has managed to innovate into newer areas and hence create new job opportunities that compensate the loss of job due to globalization. That's the key strength of US economy. Though it is not a clear response, at least it is plausible. I am still looking for an alternate theory. Either I am stupid or it is a complex issue.