Shaaz Nasir

Archive for September, 2010|Monthly archive page

ANGRY IMF Forcing Check-Ups on Financial Sectors

In Uncategorized on September 27, 2010 at 5:03 pm

IMF Survey: Top 25 Financial Sectors to Get Mandatory IMF Check-Up.

IMF are trying to remain relevant in these economic times on the international stage….but with Europe loosing it’s significance; can the IMF do anything?

The review of a IMF country’s financial stability would cover three core elements.

• Risk—the source, probability, and potential impact of the main risks to financial stability

• Policies—the country’s financial stability policy framework

• Crisis resolution—the authorities’ capacity to manage and resolve a financial crisis.

-Is this institution fighting for relevance?

-Reputation a sunk cost?

-Time will tell.

-My guess: They are rock solid

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Sexy Secrets: Three Piece Suits and Facial hair.

In Uncategorized on September 26, 2010 at 10:02 pm

Three Piece Suits and Facial hair can take your look to a whole new level. But please be careful as if you are not important or have no where great to go….you will look silly. Furthermore, your facial hair can end up making  you look tired not mysterious, old not rugged. Here are some pictures that can give you a better idea of what is right.

Boss

This man is just bold. From his fierce beard to his classy hair, he has purpose with that tucked in tie and colour combo.

Take note of his rounded collar and how he did not do up his last cardigan button. His pose with the hand is almost as suave as his glasses btw.

Maintaining your Stubble

-keep it real..do not user a trimmer

-how long it takes to grow your 5 pm shadow

Do not need to explain much here.

– Gloves

-Stubble

-Amount of buttons on the waist

-do not like the glasses though, makes him look kinda like a douche.

– replace the tie with a black one

– you got to walk with confidence or run the risk of looking like a fool.

Wrong

– His stubble is perfect

-His suit material is  crisp

-His Tie is good

– All together it looks bad

– Tired, Old, his selves are too long

-Tie knot is too small

-His pose is weird as well, sloppy ..

Feel bad for this chap, as it cost him a ton of money to look like a amateur. Next time Ben!

Shocker…simple Shocker

Yes the power of the three piece and stubble can even make this joker look stoic. Everything is perfect even his strange flower on the chest. Notice how people put their hands in the pocket….more authority…more class. I also enjoy the amount of buttons on his vest; it creates a leaner look to make him appear taller.

So my friends, please grow your stubble

-3 to 4 days

-never shave against your grain

-clean your face please

-do not dry out your face please

-if you itch …fight it

– the moment your stubble becomes soft and fluffy…it may be time to shave

-Personal Tip: Big scarfs and your stubble do not mix…I have been caught many times will fluff attached to my face. If you do not have great friends to clean your face …check mirrors frequently!

I personally do not own a three piece…..  yet

Shaaz’s Review of MEXX

In Uncategorized on September 26, 2010 at 9:40 am

Reviewing Mexx in the Rideau Mall

Company Overview

In the 1970s, fashion designer Rattan Chadha supplied clothes for department and wholesale stores in the Netherlands, which were specifically designed and labelled for the stores.

Name

Revamping his business in 1980, he created two popular clothing brands – “Moustache” for men and “Emanuelle” for women. Both labels had coordinated collections focused on lifestyle and youth fashion. In 1986 the two brand names were merged to form: M (from Moustache) + E (from Emanuelle) + XX (an abbreviation for “kiss kiss” ) to create MEXX.

Over time, Mexx has grown to become an international brand with stores in over 65 countries. It has grown rapidly and is now an internationally prominent company, employing over 6000 people worldwide.

Failure in USA

Mexx entered the U.S. market in September 2003 with a New York City store located on 5th Avenue in a former Liz Claiborne flagship location.At one time, the company had eleven stores in the U.S. The venture did not prove to be successful, and the company closed seven of the stores in 2006 and the remaining four in 2007.

Failing Apart …Get’s Bitch slapped by Zara

Recently, Mexx has struggled to keep up with trendier fashion chains, such as Zara and H&M. n 2006, Mexx only made a profit-margin of $10 million, which could not cover the rent in its established locations. Most of the earnings were made from its former flagship in New York, which ultimately led to its closing the following year.

Ottawa Store Review

There is no doubt Mexx is in trouble and thus they are trying to update themselves as  the “Modern European”. With Fashion quotes pasted everywhere on the windows….but does this translate to sales? It is hard to say as I don’t have their financial statements…but here are some issues I have with their “comeback”

1. Your quotes  plastered every where (although insightful) scare guys away from the store.

2. Your actual line of clothes have improved from last year, yet over 85% are euro trash and tacky

Prices

1. Original Prices are fair enough with shirts ranging from 30-100, pants 60-100, suits 200-450, tie selection is weak though.

2. Your sales are very good with everything going half off (this is a sign that your inventory costs are high and your regular prices are above the consumers willingness to pay …)

Staff

1. They have found the right balance between never helping you and never leaving you. One of the best in the Mall.

Overall Mark:  C

Not only is your business model flawed (50% reductions in prices every three months is not sustainable)  but your attempts to modernize scare potential customers….although gems are found …one must dig dig dig.

Have a Reason (via Mind the Gap)

In Uncategorized on September 25, 2010 at 8:48 am

Have a Reason Time to Mind the Gap, Awhile back I was lucky enough to attend the Canada China Business Council meeting in Ottawa.  As a private, not-for-profit business association, the CCBC is dedicated to building its members’ business success in China and Canada by offering unmatched business service and support to corporations based in both countries. Its members range from the largest and best-known Canadian and Chinese firms to leading innovators and SME … Read More

via Mind the Gap

The Apprentice coming to CANADA

In Uncategorized on September 23, 2010 at 10:40 pm

CBC made Dragon’s Den and some American television network made Shark Tank….

The Apprentice should come to Canada, as we Canadians have a strong business sense. The teams would be comprised of Canadians from every province and territory. The “headquarters” could be based in Toronto with our own business tycoon Frank Stronach as the big man in charge. During these rough economics times…the candidates would be unemployed (like the US version) and range between MBA top dog with 30 years of international work experience  to the kid who just turned 21….engaging all markets within the viewer base.

Magna is the most diversified global automotive supplier.

Magna designs, develops and manufactures technologically advanced systems, assemblies, modules and components, and engineer and assemble complete vehicles, primarily for sale to original equipment manufacturers of cars and light trucks.

Magna’s capabilities include the design, engineering, testing and manufacture of automotive interior systems; seating systems; closure systems; body and chassis systems; vision systems; electronic systems; exterior systems; powertrain systems; roof systems; as well as complete vehicle engineering and assembly.

Magna even has approximately 76,000 employees in 242 manufacturing operations and 76 product development, engineering and sales centres in 25 countries.

Some projects would be based in Montreal, Calgary, Vancouver, Ottawa ….GEEZ LA WEEEZ Canada’s Apprentice has countless opportunities!!!!!!

The world would be exposed to what Canada has to offer!

Now I have to make this into a reality….hmm CBC…lets set up a meeting.

Any ideas my fellow people?

ASIA IS TAKING OVER THE WORLD!

In Advice, Blog, Business, Canada, China, City Council, Culture, Economics, Exercise, Experience, Failure, Faith, Fashion, Fasting, Fat, Friends, Globalization, google, Greeting, Traveling, University of Ottawa, World on September 23, 2010 at 2:08 pm

WHHAAAATT?!

Calm down

Asia is taking over the WORLD wide web.

Coming back from the economic trade delegation in China and Malaysia I thought to myself about Asia’s role in the Internet market. After traveling to India many times it was clear that the Internet was increasingly becoming an integral part of society but not through the use of PCs. In China and Malaysia the market was booming as we met with countless companies that pointed to the use of the Internet. Many people think developing countries are not “advance enough” for Internet usage…oh they lack the required infrastructure…well lots of people are wrong.

Looking at a McKinsey Report here are some fast facts to grab your attention

  • Over the next 5 years nearly 700 million more Asians will start using the internet
  • Internet opportunities in emerging Asia could reach $80 billion by 2015

Now we move on to what McKinsey has to say

Malaysia

While the country has only around 15 million–plus Internet users, that’s close to 55 percent of the total population, and mobile Internet penetration is close to 30 percent of it. Given the Malaysian government’s push to expand high-speed broadband, we forecast that the country will have up to 25 million Internet users by 2015, or close to 80 percent of the population. As both fixed and wireless broadband grow, we project that more than 50 percent of all users will choose to have both personal-computer and mobile-device options for getting online.

Malaysians consume 35 percent more digital media than Internet users in China and 150 percent more than users in India, particularly on social-networking sites and instant messaging. That may, for example, give handset manufacturers opportunities to build social-network access into their devices. We also found that Malaysians like to multitask across both digital and traditional media. For advertisers, that’s problematic, since viewers are paying less attention to traditional media content—and thus advertising.

China

China leads the world in sheer numbers of Internet users—more than 420 million people, or close to 30 percent of the population. Over 80 percent surf the Web from home, while 230 million use mobile devices. We forecast that the number of Internet users will almost double over the next five years, hitting 770 million people, or 55 percent of the population. More than 70 percent will use both PCs and handheld devices.

China’s digital usage, which is similar to that of the United States, skews toward instant messaging, social networks, gaming, and streaming video. Increasingly, Internet users in China are substituting digital media for traditional ones, with the potential for further cannibalization as digital consumption grows. This development has stark implications for advertisers and how they allocate future marketing budgets. Consumers, meanwhile, also use the Internet in their purchasing decisions. They are more influenced by recommendations from social-network contacts and friends than by traditional marketing messages or visits to company Web sites.

India

With only 7 percent of the population connected (81 million users), India is Asia’s digital sleeper. Yet we believe that it’s poised to become a truly mobile-Internet society as new users leapfrog PCs altogether. We project that by 2015, the number of Internet users will increase almost fivefold, to more than 350 million—28 percent of the population—with more than half of those accessing the Web via mobile phones. To capture this opportunity, companies will need to roll out wired and wireless broadband networks aggressively, to make smartphones and network access more affordable, and to develop new content types.

Consumer demand clearly is robust. On average, Indians spend more than four hours a day consuming online and offline content. On PCs, often used in cyber cafés, Indians spend much time e-mailing and are heavy consumers of downloaded videos and music, as well as DVD movies. While Indian consumers use mobile phones predominantly for voice services, they also treat them as offline personal-entertainment devices, listening to radio stations or to downloaded music. There is significant pent-up demand for more convenient and personalized Internet access—a void the mobile Web could fill.

Embracing the opportunity

High hardware costs, inconsistent network quality, and limited access could check these optimistic growth prospects. But the extent of such barriers varies by nation, and there’s notable progress overcoming them. Construction of network infrastructure is proceeding apace—companies in India, for example, just spent nearly $25 billion on telecommunications spectrum. Meanwhile, hardware and access costs are declining in most markets. The biggest challenge is to make money while creating a variety of low-cost content.

Three issues are especially important:

  • Innovators and entrepreneurs must develop content creation and delivery models priced low enough to compete against the pirated options currently available.
  • Content and Web services providers need to foster the growth of local and regional advertising markets to help defray the cost of content creation.
  • E-commerce platforms, including transaction systems that make purchases more convenient and trusted, must be developed.

At the same time, companies in consumer-facing sectors (for instance, automotive, packaged consumer goods, and retailing) will need to reconsider their marketing and advertising strategies in light of the shift away from traditional media. At stake is a significant competitive advantage in a region that already boasts more than half the world’s Internet users—and will only continue to grow.

Breaking News: Irish Economy Tanks

In Uncategorized on September 23, 2010 at 11:06 am

Irish economy contracts by 1.2%

The Irish are in serious trouble, they in fact could trigger mass confusion and economic chaos across Europe. No this anarchy is not based on logic but rather fear. No economic policy can truly take on fear by itself.

This is the last thing Europe needed (as reports about the success of India and China despite the recession are found everywhere)….Ireland may be heading into another recession.

“The Irish Republic’s economy shrank in the second quarter from the previous three months, surprising analysts who had been expecting growth. Gross domestic product (GDP) fell 1.2%, the Central Statistics Office said.”

Germans vs The Irish

“The difference between yields on 10-year Irish government bonds and German bonds -considered the safest – rose to its highest level in more than 10 years. Irish debt is trading 4.25 percentage points above equivalent German bonds. This spread reflects how much riskier markets perceive the Irish economy to be compared to Germany’s.”

“The Central Statistics Office said the economy had been hit by a fall in consumer spending – down 1.7% compared with the same period last year.But exports showed strong growth, up 884m euros (£751m) on a year ago.”

Solution?

“We must export our way out of our current difficulties, there is simply no other way”

-Brian Lenihan, Irish Finance Minister

Exports $108.6 billion (2009 est.)
Export goods machinery and equipment, computers, chemicals, pharmaceuticals; live animals, animal products
Main export partners US 20.52%, Belgium 17.78%, UK 16.31%, Germany 5.66%, France 5.56%, Spain 4.19% (2009)

“The figures for exports are strong and I am encouraged by this – the necessary competitiveness improvements are working, Finance Minister Brian Lenihan said in a statement”

Finance Minister is Wrong

Looking at the chart it is clear that the US ….Belgium…and the UK are the main export partners which means the Irish are plopping all hope on those countries for growth…

Not only are your export partners in trouble but also the actual products you are selling are junk relative to your competition.

Machinery, Computers, Chemicals, Animal products…really?

Ireland has little hope in the manufacturing industry thanks to the powerhouse called China, the Indians are taking command in the chemical industry, the economic reality is simple: Ireland needs structural changes to the economy. Not more of the same….the Finance Minister needs to rely less on the Irish luck and more on structural changes in the competitive advantages of the country. The Irish are strong people with a rich history and unique culture, they can do better.

Productivity growth is the most important factor in Ireland’s future growth, according to Forfas the national policy advisory board for enterprise, trade, science, technology and innovation. “Irish employment rates are now above the EU average, while wage costs increased by 35 per cent between 1999 and 2004”. Given these trends, Ireland’s ability to catch up with the living standards of the world’s richest regions now depends on increasing the productivity levels of those already in work. Many of the countries with the highest productivity levels in the world are also the ones with the shortest average working hours per person. Strong productivity growth makes rising pay levels consistent with strong industry profitability and better public services.

There is a Irish saying “There’s no need to fear the wind if your haystacks are tied down”

Ireland, your haystacks are not tied down.

*the data was from wikipeida, the “blocs” from a BBC article and the International Journal of Productivity and Performance Management

Dealing with Failure

In Advice, Business, Experience, Failure, Friends, Life, Success, Youtube on September 23, 2010 at 7:18 am

How to learn from Failure

We learn the most when we fail.

With full confidence I can sincerely say the worst critic in life is yourself. When one truly thinks he has failed, no one can do anything to prove otherwise. We must pick up the pieces and build a stronger self, one that will not repeat the mistakes of the past but move forward with lessons learnt.

Even though many people may be fortunate enough to say that their failures are on par with others successes. What others think, say, or do just doesn’t matter if you yourself are not happy with your performance. How you deal with failure defines your character, shapes your resilience, and can propel you to new heights.

At the end of the day when you have tried your best and still come up short, there is not much one can do.

People say: “well at least you tried your best :)”

That’s the point…

Your best failed.

Failing because you did not try; failing because you did not practice; failing because you just did not care…

That’s fine.

But when your best is failing; it is a disaster.

When you put your best foot forward and externalities that are out of your control take you down. That is true failure. The type of failure you never had a chance to stand up to. When your best fails, one tends to loose self-respect. If you loose that, why should anyone respect you? Again it comes down to how you perceive yourself, as you are your worse enemy.

Self-praise is useless

Self-hatred is everything

So how does one learn from failing?

I use to think that the answer was simple: never fail, keep winning. That’s flawed thinking that will smash you in the face when you do fail.

So practice makes perfect ?

Keep on failing?

No obviously.

Take notes on why you failed. Accept that externalities are out of your control, staying positive, and harnessing the art of resilience will assist you. Above all, time, if used properly can be the best healer. However in a fast paced life, who has time?

Knowing you let the opportunity to launch yourself to whole new level slip is a sharp slap to the face. Especially when you knew your true best could have accomplished that great leap and much much more, winning so many times, one could just forget how to deal with failure, and the worst kind, the one where you think you have failed.

“Failure is nature’s plan to prepare you for great responsibilities”

Mind the Mind


Dress to Impact: The Metro Way

In Advice, Attire, Business, Glasses, GQ Magazine, Suits on September 22, 2010 at 9:37 pm

Look at this dapper fellow.

What do you see?

  • Got the walk
  • Fitting Suit
  • Great contrast with plaid shirt and a solid grey suit
  • Accessories: belt, tie clip and sunglasses are sharp

Walking with purpose and poise. This is how someone age 17-35 should dress in the business world. Although I feel it may be a tad too sunny to wear this dark shark grey suit, it still works when you are in the office. Please take note on the shoe style as it makes him look taller.

The Modern Male Purse

Authority, conviction, organization, all these words appear into people around you. Once again take note on how the suit is fitting and the cuffs / pocket square brings this guy to a whole new level of professionalism. Oh look! His tie is not 8 inches wide like the 90s nor is his tie knot rival the size of an apple!

When picking out a bag be sure to check out how strong the zipper, strap, and bottom is as the last thing you want is wear and tear on the third day. Do not strap the bag across your body; you look like a school boy that is putting on his car seat belt.

Power of the Glasses

If you are lucky enough to have bad eyesight please do take advantage of this gift. From school to the business world my experience has shown me that glasses make a major impact in three areas

  • Trust
  • Wisdom
  • Stability

As a young guy you want these values to be oozing off you when presenting a new idea, for example to senior management (who already are skeptical about a young guy).

You have many options in terms of adding the extra punch to your attire. This man means business, from his watch to the cufflinks. I have tried contacts in the past while working and I noticed a huge difference in the way I was perceived by my superiors.

Tip: Get large black frames, a timeless classic that will match with almost everything you wear. You could also try out some club masters a great throw back to the 50s.

Fearing the Metrosexual

In Advice, Fashion, Metrosexual on September 22, 2010 at 8:22 pm

Let’s get one thing straight: I am not metrosexual…yet… as I have many areas to improve upon.

Guys who are incapable of understanding fashion itself often fear men who look after themselves in terms of fashion.  Fashion is more than just clothes or what you use in your hair. It is an expression of ones inner self, similar to art in many aspects. One is conveying a message, making a point, or simply wants to look their best.

The majority of humans communicate through body language not actual words. Thus fashion that involves the five senses seamlessly is the most effect way to project yourself in any setting.

Metrosexual :

  • is a modern, usually single man in touch with himself and his feminine side
  • grooms and buffs his head and body, which he drapes in fashionable clothing both at school, work or before hitting an evening hotspot
  • has tendency to stay up to date with the latest hairstyles, the newest threads, and the right shaped shoes
  • confuses some guys when it comes to his sexuality
  • makes these same guys jealous of his success with the ladies

Interests :

  • Appreciation for literature, cinema, or other arts
  • Flair for cooking
  • Eye for interior design
  • etc

Why Mock?

Now that we have defined metrosexual and fashion itself we can move on to the mind set of those who mock. They can be both female/male but are usually male and angry.  Yes angry.  Angry with themselves, jobs, friends,  who knows, who cares.

Insecurity usually is a strong cause as well. As being metro means you are comfortable with your feminine side, wearing pink or checking in the mirror ever so often does not make you less of a male. True confidence causes extreme fear in those who are mentally weak.

What to do if you are Metro?

Well keep marching on, use that true confidence that the majority of the world lacks.  Men do not need to wear the latest Prada shoe to prove confidence to anyone, but when a guy sees that and begins to mock, well that guy has issues due to incompetence or insecurities.

Now wait for my post on how a metro man shines in the business world.