Monday, June 1, 2009

The Apprentice UK

Since we were kids, generally people around us ask: "What do you want to be when you grow old?" I don't know about others, but what I have generally seen is that people tend to get attracted towards corporate culture, and corporate culture demands every candidate to have certain skills. The selection committee of corporation figures out if a person is suitable for a job or not by a job interview. Job interview- isn't it one of the most scary things in life? Especially for people who are aspiring to be in corporate culture. There are also interviews for different sectors as well, but the focus on this blog is towards corporate and business interviews.

Now, generally before getting a job a candidate need to go through several level of interviews. Ask any person, irrespective of whether they are from finance, HR, IT, R&D etc. how their job interview or interviews were. I am sure they will have a good story with juicy tidbits in it. However, if you ask the according stress level to get that job, mostly everybody will share the same experience, which was"stressful."Now lets talk about a job interview which takes 12 weeks in total to end. Job interview for 12 weeks means 12 rounds for a job interview. Yeah, this is the concept behind "The Apprentice."

People in the business sector generally know Donald Trump all over the world. He started the original show. His catch phase "you are fired" became so famous, which also made the show super-hit. Then the show progressed from Apprentice to Celebrity Apprentice. Martha Stewart also has a version of show and now there is a UK version of the show where the boss is Sir Alan Sugar.

Amazing idea, that is what I say, and good way to get the basic concepts on business. This season so far Sir Alan Sugar has fired 4 people so far (mind you its on BBC America so I might be a little inaccurate). I started watching the show form the second episode, so I missed the first task. However, the second task was pretty interesting. For those people who don't know what happens in the show :



  1. There a two teams of highly qualified successful businessmen/ businesswomen.

  2. Both the teams are given same task and both teams will pick project managers for that particular task .

  3. Now, the winning depends on the nature of the task.

  4. Finally, the winning team will get rewards and loosing teams get board-room bashing and one of them gets fired.


So, coming back to second task, it was very cool. Both the teams was suppose to create a product for a world's worst consumers-kids. This task was focused to see how people can handle themselves when they are dealing with one of the worst market segments, and also it will help an individual to learn how to focus on the specific segments by keeping aside their prejudices. That was one of the most important lessons. It is hard to get rid of prejudices, however IMHO this was the actual challenge for this task. So both the teams approached the task differently. Both the teams did research and created products. One team won and the other lost, and so one person from the loosing team was fired. But the lesson was important-to focus on the market segment. If you make houses for low income group and try to sell it to high income group do you think you can make money? IMHO I think no, unless high income group person is looking for investing to generate some sort of cash flow because all the market segments are driven by specific wants and specific needs.

On third week both the teams were given the task to buy certain items, and who ever buys all the items and saves more money will be the winner. So, this task was also important for the fact that in order to sell stuff you also need to know where to buy stuff from. The cheap but good quality stuff brings a lot more money into our pocket. So, now the funny part was both the teams were shopping in relatively expensive areas for this task. Then one guy, from one team took the team to less expensive areas and they got the good deals.

Its just basic stuff which we tend to forget.

To be continued.....


Cheers
MS

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