IIT Kanpur MBA Blog

Mr Harshvardhan started the seminar giving an overview of the different waves of e commerce that have come from time to time. It started with Microsoft in 1995 and soon reached India with Shaadi.com. The next wave came around 2005-07 when Alibaba started a Market place model in China. And the last wave came after 2007 which we witness now. Sir explained a fundamental concept of Selection Arbitrage which means when a particular product is not available in geography, it creates a demand. And this is what was leveraged by Amazon initially and further by Alibaba in China. China being a significantly diversified country, Alibaba addressed the selection arbitrage problem by providing a channel of communication between the small scale retailers. It was further comprehended by an example of Amazon and Wal-Mart, mentioning that Wal-Mart has been operating on a warehouse based model and Amazon saw this as an opportunity to reduce the inventory and warehousing cost by introducing the on

"The IITK MBA program is for those who have a desire to augment their technical knowledge with the underpinnings of a formal business education. Looking back at those two wonderful years, IITK taught me the value of team work, out of the box thinking and allowed me to meet some extraordinary people. Choosing IITK is the best thing I have done for myself from a professional standpoint and I must say that it has opened many doors to new opportunities and has been a key element in my career. " • Year of pass out from IIT K : 2006  • Current company name : KPMG USA LLP • Designation: Manager, Enterprise Solutions • Current Location: Indianapolis, Indiana, USA