Age is not a barrier to learn.

fgAGE is not a barrier to learn. I chose this topic as there are many people who think that after certain age they cannot study and so they give up. It spoils their career and constraint them from growing. It is human psychology that after age of 25 one cannot study as a person has many household responsibilities and he need to do well in that. Traditional mindset is that once a person starts earning, he/she only needs to concentrate only on work and effectively manage household activities. Is the traditional thought which is going on since long, True? To get more clarity on this we will try to figure out what Age is? How does it impact on an individual’s life?

Age is effect of time on a person. Certainly as and when a person gets older he/she physically becomes weak and they can feel the impact of being old. As and when time pass person gets more responsibilities and they gets more inclined towards it. Single handedly managing many things brings them into more stress and cannot concentrate on personal development. They gets surrounded by complexities of life and gets less time to think about future and growth prospect linked to the same. They need to take care of their spouse, family and society and fulfill responsibilities towards them. In this course they don’t get time to learn and enrich themselves with knowledge. Learning and getting knowledge is equally important as other responsibilities because if they don’t do so their career gets constraint from growing and at one point of time they get stuck.

“Old age is like everything else. To make a success of it, you’ve got to start young.”

Learning is defined as the social process of construing and appropriating a new or revised interpretation of the meaning of one’s experience as a guide to action. One of your most treasured values is the love of learning. Learning is something that impacts nearly every facet of your existence, every day. You should constantly learn new things, or refresh on existing knowledge. Even when you are not learning, you should apply skills or knowledge on logic problem in a puzzle book, in order to exercise your mind. Without an individual’s drive and desire to learn he/she would have never, so it is very important to have constant desire and motivation to learn. Learning new information, such as history and social science is vital to our evolution as a civilization. We must learn from our past, our societal flaws, and our behavior in order to become a better individual. The individuals that ignore or resist learning opportunities become mentally good for nothing.

Those who cannot or will not stop to examine, study, and analyze the world around them seem to have little or no ability to apply any form of analysis upon them, thus may not achieve a level of self-actualization. Those without any motivation to learn seem to lead a unconscious existence. They appreciate things less and hence are more socially awkward, are more likely to be fearful or prejudicial against things they do not understand. As a result they are less emotionally fulfilled, but they cannot understand why. It is common to say that ignorance is bliss, but from what I have seen that is only illusion, because those who are ignorant, lack the self reflection necessary to understand how unblissful they are. It is true that knowing hard truths can make people depressed, angry, frustrated, but not knowing keeps you in just a vulnerable or dangerous position without the benefit of knowing what to expect or how to prepare.

Henry Ford once said “Anyone who stops learning is old, whether at twenty or eighty. Anyone who keeps learning stays young. The greatest thing in life is to keep your mind young.”

Importance of Learning:-

1) Personal Development – Learning helps in enriching knowledge and knows more about current affairs. This helps in personal development which is very important for an every individual. Personal development includes activities that help improve awareness and identity, develop inner talent and potential of an individual; it also builds human capital and facilitates employability, enhance quality of life and contribute to the realization of dreams and aspirations.

2) Career growth – If an individual keeps on learning than it helps him to grow in career and attain zenith in the same. Career Development is the lifelong process of managing learning, work, leisure, and transitions in order to move toward a personally determined and evolving desired future.

3) Self Actualization– A theory of Human Motivation, Maslow explicitly defines self-actualization to be “the desire for self-fulfillment, namely the tendency for an individual to become actualized in what he is potentially. Constant learning can help individual satisfy his self-actualization need.

4) Confidence- Constant learning makes a man confident on its own as he is aware of many things which are going around the world. Confident person works well and always be happy and do away with stress and negativity.

“As you grow older, you will discover that you have two hands, one for helping yourself, the other for helping others.”

There are many examples of business tycoon who studied after being settled in career, in order to grow and attain zenith in their field.

1) Ratan Tata {Chairman of TATA sons} – Ratan Tata studied in Mumbai at the Campion School and completed his secondary education at the Cathedral and John Connon School. He completed his Bachelors in architecture with structural engineering from Cornell University in 1962 and the Advanced Management Program from Harvard Business School in 1975 when he was 38 year old. Is 38 years too old to get a degree?

2) Kumar Mangalam Birla {Chairman of Aditya Birla group} – K.M. Birla has B-Com degree from University of Bombay & holds and professional degree of Chartered Accountant. After completing CA he joined business after sudden death of his father. After completing few years in business he went to London for masters. He also did his MBA from London Business School UK.

Learning is a continuous process and the true learner always looks avenues to learn from anybody and everybody. There is no bar on learner’s age or the age of the teacher. A young child can teach you something which you may have not learnt till now. Similarly, every old and poor man can teach you something very important.

Have you ever heard someone say, “I’m too old to learn”?

Did you believe them? I hope not.

There are many people in their 50’s and 60’s going back to college to earn their degree. At that point in their life they are probably doing it because it is something they want to accomplish. The likelihood of improved earning power is no longer the motivating factor.

It doesn’t necessarily have to be academics.

Keep Learning and keep growing, you are not old to stop learning. You should always feel young when you want to learn something.

“Never stop learning, because life never stops teaching”

Contributed By : Kandarp Gandhi, (Class of 2014, IBS Mumbai)

Life Cycle Strategy for successful MBA Experience.

Untitled-1Once you embark upon your MBA journey, you transform into a would-be manager who prepares for formal responsibilities and corporate entry which requires special learning to take up managerial tasks and decisions. Interestingly, the two years of MBA are like an extra life in the game which serves as a break from regular work for already working professionals whereas it serves as a boost for mere graduates and enables all to live another four days towards self improvement and development.

Management Gurus suggest 4 stages in a product’s life cycle that are extremely related to the life of an MBA graduate and have ample scope for application and learning. This very concept can help you to get feedback for modification, planning etc and help you find alternative routes to perform better and change your role in the corporate. During each semester you would be required to be consistent with the efforts and dedicated towards specific goals attached to it for an excellent result. Focused action and efforts towards your goals will make your MBA experience successful and worthy.

Pioneering or Introduction Stage
At the beginning of your journey, your competition is low and time is available in abundance for socializing etc. The schedule and habits you develop here will have a long lasting impact because right now you have lack of knowledge as to how the stream of management is, how things work, professors are and how grading is done etc. You might even face difficulties as to the methodology to be adopted for studying or understand the requirement of your professors in their interaction with you.

This is that part of MBA where everyone is trying to cope up; needs friends to interact with; grades tend to be average or low and there is an acute need to understand and adapt to the system, rules, policies, guidelines and the institution. Here you need to strengthen your basics. While your awareness is your goal, the introductory stage demands patience as return on effort seems to be negligible despite of low competition. The keys are: being innovative in your approach; learning time management and increasing your study-hours and study-nights. Remove all deficiencies in yourself by attaining extremely comprehensive knowledge while giving time to social life. Remember you can learn by sharing knowledge even with your competitor.

Growth Stage
By this stage you get a tentative idea as to what subjects you like; what are your strengths and weaknesses; people approach you for guidance in your strong subjects and you also help reciprocate; competition increases, resulting to the need to boost in your efforts. The focus should be on deep penetration into existing favorite subjects and improving on weaker subjects. Sometimes major improvements need to be made with respect to the methodology being followed regarding academics. Again, changes may take a toll on your time but benefits remain high. This initial investment reaps long lasting benefits. You need to explore newer channels of knowledge like existing PPTs and case reviews. A basic image of you is already created which may be required to be changed or maintained.
In the second semester the motive is to increase the grade point as well as secure an internship for oneself which is in line with your favorite subjects and passion. This growth stage is about maximizing ground knowledge increasing grades, investing considerable time in self study and countering increasing competition. Remember to attend all important lectures from industry experts; doing assignments and projects yourself and attending seminars.

Once you have your internship, realize it as a practical chance to learn in the real world corporate scenario in advance. The internship project you will make after this process, speaks volumes about your work, knowledge, understanding and contribution which is a better feedback than grades for your real worth and learning.

Maturity Stage
As the name suggests, in this stage you need to be mature enough to make your choices regarding correct electives and stream. What you choose today impacts the entire life. At this stage the academic competition will reduce and you will be comfortable with extended work hours. You would have realized your real potential with respect to grades and your focus now has to be on performing the best possible in the electives chosen by you. You can clearly choose between the beneficial and the futile.

You will be differentiated from the common lot of students as you would choose subjects that form a part of the requirement for your potential or dream job. Take up sales and distribution if you like selling. Since you have time for yourself here, you have opportunity to work on your soft skills and body language. You can earn credentials by participating in the inter college competitions in the field of your specialization and add your achievements to your resume as your strengths. Networking is crucial along with efforts to increase general awareness and having an idea and view on the state of the economy.

At this stage your interest will seem at its peak but you still would require learning the implementation of your attained knowledge. Reach out and gain maximum knowledge and don’t worry too much about grades.

Decline Stage
This is the second chance to choose electives when you can again add new knowledge tributaries to yourself. At this stage you have to plan for your placement and understand the market and company’s requirements. The competition in academics would shift to placement. You need to socialize; use your networks and reduce wastage of time. Think and direct your resources to better use. Brush up your basic concepts and make attempts to increase your general awareness.

Attend and learn from mock interviews and prepare well for group discussions. Remember no matter how tempted you get, never accept a job you don’t like. The decline stage is actually the beginning of a new cycle called corporate life which will make you financially independent. By the end of the fourth semester you must have your priorities on mind such as career plans, financial plans; growth plans etc and must work on them since you are no more a teenager but a well read person.

This is an idealistic route to MBA journey which may not be applicable in all cases because each person is different from another. Hence, I would sincerely suggest you to make your move wisely and benefit the most.

Contributed By : Chayan Jain (Class of 2011-2013, IBS Hyderabad)

Learn to develop positivities and eradicate negativities during MBA.

184655944Graduates from various streams like science, arts, commerce and engineering take up MBA course in the hope of achieving better career and greater success and happiness in life. MBA course covers subjects like marketing, finance, human resource management and international business as per its syllabus. The course includes seminars, group projects, outdoor activities etc in order to inculcate team working and enhance personality.

The knowledge and experience gained through MBA programme do not necessarily lead to achieving fabulous career and highly satisfying life full of joy and happiness. The fact is that unless basic fabric of inner thought patterns, instincts and emotions in life undergo an upward shift, the external targets of highly successful career and inner joy and happiness cannot be achieved. Let us call all the desirable traits as positivities and all the undesirable traits as negativities. Each one of us has within one-self embedded deep in personality large number of positivities and negativities in different proportions.

Typical examples of positivities are compassion, integrity, empathy, attentiveness, commitment, equanimity, generosity, discernment, gratitude, hopefulness, humility, kindness, patience, perseverance, serenity, honesty, self reliance, optimism, modesty, discipline etc.

Typical examples of negativities are aggressiveness, hatefulness, meanness, revenge, arrogance, unempathy, fanaticism, intolerance, jealousy, immorality, skepticism, conceit, irresponsibility, pessimism, mercilessness, selfishness, violence, boastfulness, rudeness, dependence, destructiveness, inattentiveness, covetousness, laziness, falsity, etc.

Positivity can be defined as the quality or state of being positive; something that is positive. Positive here means something that is desirable and leads to good of all concerned. The significance of inculcating positivities is not always fully realized by professionals. In brief we can say that the type of life a person may lead depends totally on the extent to which positivities (and also negativities) are ingrained in his psyche. These are often in the form of instincts, emotions, attitudes, habits and the thought patterns ingrained in the conscious and subconscious minds. Fortunately, it is possible to inculcate more and more positivities and eradicate more and more negativities by personal conscious effort. However, these are deeply ingrained characteristics and may require tremendous effort, patience and perseverance.

This aspect is not covered in MBA syllabus and requires personal initiatives and determination on the part of individual. There is no better time to take up the quest of self transformation than during the MBA course. However, once begun this process of self refining must continue as life-long endeavor.

Importance and benefits of inculcating positivities must be understood. Positivities help you cope with responsibilities of day to day life with comfort and ease. It leads to strengthening of interpersonal relationships and helps to reduce worry, anxiety and stress, thus leading to enhancement of physical, mental and emotional well-being. It would lead to greater joy and happiness and create more fulfilling life. One is able to inspire others and gain respect of colleagues, superiors, friends and family members. In short it gives you tremendous energy and inner strength to soar very high in life. Positivities lead to healthier people with low probability of heart disease, stroke, diabetes etc.

The key question is how can we enhance positivities and minimize negativities. There is no simple one step method though there are large number of small steps one may take, which jointly may lead to desired result. Some of the important steps are explained below:

  1. Meditate: Meditation is an extremely powerful technique. There are many techniques of meditation, the simplest being Vipassana meditation. It involves sitting in a comfortable posture, closing your eyes gently and mentally observing the breathing. As you practice meditation on a daily basis, the number of thoughts emanating in your mind would reduce progressively. You would become tranquil and calm and develop mental focus of very high level. With a calm mind, nothing is impossible for you.
  1. Practice Gratitude: Most of us ignore what life has given us and we are restless for something which we have not achieved yet. If you start writing the things for which you are grateful, you would be amazed. For example, you have good physical and mental health, you have a decent home, loving and warm interpersonal relationships, good job, opportunity of meeting people and going to fascinating locations etc. There is no need to feel jealous if someone else got the post you were hoping for.
  1. Read and reflect ideas from good books: There are large number of very good books which one can read and reflect on ideas there in. These contain wisdom and experience of authors conserved for posterity. It would be foolish not to utilize this resource.
  1. Develop habit of journal writing and note at least three positive aspect of your life each day: We gain many experiences during the course of a day. It is always helpful to jot down these experiences for future reference and introspection.
  1. Avoid highly negative people: In life we meet many people each day. Some of them carry lot of negativity which is reflected in their behavior and actions. If you stay with them for longer periods, some of those negativities you may ingrain as these are contagious. So, try to stay away from such people as far as possible.
  1. Control your thoughts: Thoughts are generated in one’s mind randomly i.e., good and bad all types of thoughts come up from nowhere. One may think we have no control over generation of such thoughts, but it is not so. Whenever a negative thought appears in the mind, consciously introduce positive thought in its place. Over a period of time you would increase the proportion of positive thoughts getting generated in your brain.
  1. Use role models and mentors for faster growth: Role models are those people whom you look with awe and would like to emulate. Observe them, read about them and try to explore their thoughts, emotions & habits. Mentors are generally senior people who are willing to help with their own knowledge and experience. It would be naive not to make use of their guidance for self development.
  1. Use affirmations to charge your subconscious: Once you have some good ideas which you want to fully ingrain in your subconscious mind, the method is simple. Make some displays in the form of pictures or written statements and put it in places which you are likely to see often. Affirmation involves statements which you tell yourself when you are in calm and relaxed state, so that these go directly in your subconscious mind. The basic principle is that of repetition. When you repeatedly get an idea, subconscious mind gets charged and your behavior gets modified.
  1. Take up yoga: Yoga has great power is well known. It provides flexibility & strength to body parts and also leads to calming down of body & mind to such a level that it becomes receptive to new ideas. A restless mind will not be fully receptive.
  1. Live in present with mindfulness: Life is lived only in the present moment. Past is gone and cannot be changed. Learn to let go the past as soon as it is gone. Do not carry past grudges, complaints etc. Live with mindfulness i.e., with total participation in the present moment.

If you want to live happier life, developing positivity should be your first motto. A happy life can be achieved by growing spiritually, emotionally and mentally. Live with tremendous energy and enthusiasm. Your self confidence would go sky rocketing.

Contributed By :  Sumit Gulati (Class of 2009, IBS Hyderabad)

OUTLINE YOUR CAREER GOALS.

url copyIn the game of cricket, the aim is to bowl at the wickets and get the batsman out; in soccer the aim is to strike the ball into the net between the goal posts, across the goal line; in basketball the aim is to put the ball inside the basket. Every activity we do is associated with a goal. In fact, goals are important because they give you a definitive path, otherwise we would just be wandering around at random.
In the same way, before you start preparing for any test or exam, the first thing you need to think about is – what is your goal?
The type of a career you want to pursue is dependent on your goal or goals. As a student it is quite possible at this stage in your career your goals may not be well-defined, but you will definitely have some idea what you want to be or do in the future. What do you want to do with your degree in both the short and long term?
Next, you need to analyze your goal/goals. Who or what is your inspiration? Where do you expect your goals to lead you? If you are not able to do this analysis on your own, you need the help of an older person or at least someone knowledgeable you can mentor you. Remember your goals should harmonize with your interests. If you are interested in literature and the arts, it would be a mistake if you decide to be an engineer merely because all your friends are planning to get into engineering colleges.
Goals need not necessarily relate to your work or profession. It can also be non-career goals relating to personal or community aspirations. Sometimes your other goals can also turn into a career, such as volunteering work for a social cause can guide you towards working for a non-profit organization.
That is why analyzing your goals is so important because it can assist you in formulating the framework of the education you will need in order to pursue your goals.
Analysis of goals is not as scary as it sounds. It is one of the easiest tasks in the world and it is fun, as it allows you to dream what you want your future to be like. There is no harm in having more than one goal – because as I said before, at this stage in your life your ideas still have to crystallize and it is possible that your interests will keep shifting.
During the course of your education, you need to keep monitoring your progress and adjust your goals to meet your requirements and the direction in which you are heading.
There may be days when you may not be satisfied with your progress, but don’t get frustrated. Try new tactics to keep yourself motivated. A little persistence makes an enormous difference.
By developing a plan, you are setting definite career goals for yourself.
REMEMBER: There is no particular track to reach your career objective. It may keep changing as you go forward. The process may get more complicated and it may take more time than what you had initially planned. Whatever your situation, stay calm and strong. Be flexible and adjust your goals or if needed create an entirely new set of career goals. If your current budget does not support your goals now, you can do something else for a while and then get back to your original goal. For example, if you are unable to do your MBA now, you can work for a couple of years, and then do an executive MBA.
There are some exercises that you can do in order to formulate your goals. Write down your goals and then analyze each of them to check if they are Realistic, Pertinent and Appropriate. Do not discard a goal just because you feel it is very hard to achieve. You should be prepared to struggle hard to reach you goals.
Fill in the details of each of the goals above – what are your present qualifications and what would you need to do in order to achieve those goals?

Contributed By : Disha Parekh Mohanty

Self Hypnosis is the Key to Better Life – Learn it now.

Self-Hypnosis-and-Lucid-Dreaming-1000x500 copyEveryone wants to be successful in life. Each person desires to be healthy, energetic, stress-free, having warm and loving inter-personal relationships, be prosperous and achieve recognition, status and glory in life. However, in real life most people achieve very little in these aspects. They live life that is stressful, entangled with complex interpersonal relations, lots of frustrations, irritations and anger. The general feeling appears to be that they are suffering due to actions of other people and adverse circumstances.

The golden truth is that we all have full control over our lives. We can make our life what we want to make it. There is a small book titled “As a Man Thinketh” by James Allen. The book was written about one hundred years ago and is freely available in PDF format on the net. This book is as relevant today as it was then. The basic message given out by the book is that a person becomes what he or she thinks.

The key question that remains is ‘how to generate positive thoughts of health, prosperity, love, joy, happiness and warmth in your mind at all times. Our mind generates thoughts of all kinds at random and we don’t know a system or method to control these thoughts. The truth is that these thoughts are not truly random; rather these are based on beliefs, instincts, emotions and attitudes which are embedded deep in our personality and we don’t know how to modify these.

Our mind comprises of two minds. One is conscious mind which allows us to deal with day to day situations that we encounter in external world. Conscious mind operates with a simple logic, analysis and expectations. The other is subconscious mind which is active and awake all the time and it directs our thoughts and actions in external world based on what is programmed into it.

The subconscious mind programming starts right from the time of birth. This programming is generated by experiences of various kinds over a long period of time. These experiences are from family members, relations, schools/colleges, media and society etc. During college days as we learn the concept and significance of subconscious mind, we also want to change the embedded programme to our advantage. New programming can be done or existing programming modified through the process called ‘hypnosis’ which may be done by hypnotist, guide or self.

Hypnosis literally means a procedure in which suggestions are given to subconscious mind during a state of focused awareness. Hypnotic process implies a person in deep quietness and ideas are suggested. Self-hypnosis is a process of hypnosis which is self-induced and it utilizes the concept of auto-suggestion. Self-hypnosis makes one become highly focused with heightened susceptibility.

Hypnosis can be put to bad use or good use. When a television advertisement is shown repeatedly, sometimes three or four times in a single commercial break our subconscious mind registers the ideas. Some people use their hypnotic powers to make people do things which those people would normally not do. Thus unscrupulous people enslave the will of other people. It appears that hypnosis is a mystical state which can be used for mind control and brainwashing. Though such negative connotations are observed and displayed in some films, hypnosis is an extremely powerful tool which can be used to overcome psychological, emotional and some physical problems.

Let us look at good uses of hypnosis. Psychologists use hypnosis in the treatment of physical, emotional and behavioral problems. Self-hypnosis can be used to modify behavior, emotions and attitudes. One can overcome bad habits like smoking, addictive drinking, overeating and even habitual occurrence of irritation, frustration and anger. Thus it is useful in reducing stress and tension in life. When an idea or image gets impressed on the subconscious mind it eventually manifests itself in real life. Thus, by the power of thought one can achieve any objective in life which is important. One can use self-hypnosis and power of mind to modify limiting beliefs, and be successful and wealthy, develop truly satisfying relationships and acquire sparkling health etc.

Tremendous potential of creative abilities can be developed by tapping the subconscious mind. Self-hypnosis is the method of accessing the subconscious mind and charging it with ideas & affirmations need for fulfilling your objectives. The objective may be to become wealthy, lose weight or to quit smoking etc. The subconscious mind works with whatever it is constantly fed from the conscious mind. If a person thinks of ill-health all the time, the subconscious mind will cause to manifest ill-health in his life. Contrary is also true. If a person thinks of sparkling health and tremendous energy all the time, the subconscious mind will manifest these in his life.

Self-hypnosis can help a person to stay calm and relaxed, develop better concentration and focus, and feel more confident. The process of self-hypnosis is simple and generally involves two distinct stages;

  1. i) A meditative state in which the mind is totally calm and external thoughts are excluded. This is often achieved by securing a quiet environment providing relaxed posture and body condition and focusing the mind on breathing (as in vipasana meditation) and a mantra i.e. any non-religious word or phrase (as in transcendental meditation).
  2. ii) When mind is quietened from external noise and has become free of random thoughts, it is ready for charging of specifically prepared thoughts and ideas. The key word here is repetition. The charging of thoughts and ideas is done through a script which is repeated several times. For best results the practice must be continued for long periods.

The steps generally followed for self-hypnosis are as follows;

Create a non-negotiable time slot when you would not be disturbed by another person, telephone or external noise. Sit in a comfortable posture. Put on some soothing light music. Take five deep breaths holding for five to ten seconds each time and slow exhalation. Close your eyes and think each inhalation brings calm and relaxation and each exhalation takes away stress and strain. If the mind wanders bring it back to focus on breathing. Now lie down in a relaxed posture with face up and focus your attention at each part of the body from toe to head progressively. Imagine relaxing all muscles in your body and feel the entire body totally relaxed like an UN-stretched rubber band.

Breathe normally, be aware of your breathing and mentally repeat statements like;

  • I am becoming healthy and energetic
  • I am full of joy and warmth
  • I am becoming calm and confident
  • I have abundance of wealth
  • I have tremendous concentration and focus power
  • I am successful and famous

Repeat these statements mentally 10 to 15 times slowly, keeping full focus on breathing and the thoughts. Some people make recorded audios in their own voice or in the voice of their teacher or guide. They play the audio and it guides them through the entire procedure. At the end slowly press your eyes with your palms and gradually open your eyes.

Self-hypnosis is extremely powerful technique and one can achieve all that is important. While using self-hypnosis to make changes one must do it with enthusiasm and excitement. Select goals which are important to you and are difficult but attainable. Over a period as you achieve your current goals keep raising the bar and aim higher and higher. Know that you are unique and you have all the powers of the universe dormant within you and for you sky is the limit.

It does not matter whether you are a student, professional or retired, it is important to understand that self hypnosis is the key to better life, so why procrastinate – Learn it now.

Contributed By :  Sumit Gulati (Class of 2009, IBS Hyderabad)

To get into something you have to get out of something.

Tough all my blogs begin with talking about my personal experience. Let me first take you through a story of a man who is a legend.

One afternoon for a regular meeting I was driving on NH18 towards Delhi, bugged with the monotonous songs in my USB, I plugged in to the radio. Tough I am not a target customer of Hindi Speaking media market, still got convinced after hearing Anu Kapoor on air and a minor nostalgia of childhood memories of his show saregamapa, so decided not to change. In his ever same energetic and positive tone, he was narrating a story of a man who is a legend now. Someone who is a legendary actor now with the numerous awards in his kitty was when he was a struggler, after leaving his hometown marine drive was his shelter for endless days. A vetenor director called his voice extremely bad quality and recommended him to get rid of the thought of getting into films. He didn’t buy that, with a do or die attitude he kept auditioning and almost auditioned for over 90-100 films. He managed to get a break with the salary of Rs 500 and today Mr. Bachchan is worshiped for the contribution he has made to the Hindi film industry. Imagine if from Allahabad he would not have managed to abscond and run away from the thought of his dad wanting him to an engineer, we would not know today what Amitabh Bachchan is all about and I am sure there would have been a few more in existence today if they would have managed to escape from the boring regular reality and taken a leap of faith in what they once aspired to be with confidence.

We do hear stories from our parents regarding what they wanted to be. My mom tells me her dad didn’t let her study after twelfth class, as in her village that time girls were not allowed to study in college. I asked her back, what if tomorrow i might have the same regret after when i will see myself stuck in the corporate cobweb. Not again, I am out of it and quite much supported by my mom now. But I have agreed to one thing we just can’t be introspecting all the time that how unfit we are in what we are doing currently as this does not get us out to what we want to do. We need to probably think from the prospective of what we want in life and start working towards it. For some, earning lots and lots of money would be the main aim which might give them satisfaction, for some a different job role than what they are doing would be a satisfaction point. One needs to make a choice right. All those people get stuck at one point in career who didn’t plan by choosing the right academics or job role for them and when are actually plotted in a job role which they end up getting they realize where their ultimate happiness lies.

Problems are everywhere. There is no story barring Ambani’s and Tata’s which are written without regrets and issues. I am sure they might have a battle they would be fighting in their own manner. We all think that we will simultaneously work on what we want along with our regular work where we do not see ourselves deemed fit in. But that is not what the nature supports. We need to get out of a particular career/course/profession to get into something what we want. I do understand that these decisions are tough to actually incorporate as lot many have loans to pay and lot many have family to look after. But as they say trying to sail two boats together results in sinking of both. We do the best in what we love to do. If someone loves to make clothes, no matter what ever amount of time you make that person spent around embroiders and fabric, he will not feel tired and agitated. But if you make that same person sit in front of laptop and make him do some work he is unfit for, he will end up just looking at the time with every second that passes by. Eventually, if we fit into the space that we enjoy we grow personally and so does the place where we are working.

Sooner we realize what we want to see ourselves as, the better it is. It is easier to quit college and get into another stream than dumping a full fledged job and finding way to what we want to be. I see a lot of people in sales, who joined the sales profile with a hope they will be offered marketing profile latter. Today they are stuck in sales for years and if offered the marketing profile they are paid as a fresher irrespective of whatever experience they carry and what money they are paid in past. They are stuck in a choice between money and job role. Obviously, sales profile is paid well as it comes with the tons of pressure. Before making choices in career, it is OK to join the profile of your choice at a lower package than beginning as a fresher latter. As I said, we need to get out of something to get into something and sometimes the bridge between the two can have lots of hurdles. But as its one’s right to work on what we love to and not have regrets latter in future. Take that leap of faith without any second thought. Remember, you do the best in what you are meant for.

Contributed By : Rahul Wadhwa (Class of 2013, IBS Gurgaon)

IBS – Pioneers in Technology-enhanced Learning.

ssd
All walks of Life is invaded by the technology.  Incredible technological revolution has taken place in the last two decades, be it a mobile phone or internet.  People have become so dependent on the gadgets that they feel insecure without them irrespective of their age or status.  When the technology is ubiquitous, why not the ancient face-to-face teaching on black board be replaced with interactive learning technologies, as the present generation are more tech-savy and participatory.

Any subject whether it is science, history, geography or mathematical problem can be taught with the use of technological tools by narrating them in a story with audio-visual, graphics, pictures and text etc.  Technology-enabled teaching has been transformed through different stages. Initially, it was through the use of overhead projector, transparency sheets for presenting graphs, text, photographs etc.  Then, the magentic tapes and video clippings were used to make students to actually see and understand the concepts.

It is mind boggling that a plethora  of technological tools are available for teaching today such as emails, online chats, twitter, facebook, social forums, blogs, search engines, video conferencing etc.  Faculty can communicate with the student using all these tools, to clear their doubts, monitor their performance, assignments, quizzes, sending reminders, form groups of students for discussions. The Learning Management Systems enabled academic institutions to integrate various learning modalities for making learning personalized and participatory.

IBS Learning Management System

IBS takes pride in being the pioneers among the B-Schools in implementing technology-enhanced learning.  IBS has customized Moodle (Modular Object-Oriented Dynamic Learning Environment), an open source Learning Management System (LMS).

Quicforce, the IBS Learning Management System (LMS) is a key differentiator among the B-Schools in India. It facilitates faculty to build a dynamic learning environment and online social learning communities through blended learning approach. Blended learning (thoughtful integrating of technology with face-to-face learning) approach to teaching-learning enhances student’s learning experience and improves their learning outcome.

IBS LMS: promotes blended teaching-learning process; serves as an integrated platform for content management and delivery, interaction, communication, assessment, grading and reporting;  provides an extended and enhanced learning experience to students through the iBooks (interactive courseware) and learning resources and activities created by the faculty; engages students in constructive, collaborative and social learning process; creates a master learning resources pool contributed by faculty members.

Faculty share teaching material, lesson presentations, video clippings and audio clippings of the concepts to provide enhanced, extended and flexible learning (anytime and anywhere learning) opportunity to students.  Quicforce facilitates formative and summative assessment, grading and feedback. IBS faculties assess student’s performance through online quizzes, participation in discussion forums and individual or group assignments. Group assignments and projects arouse curiosity in the students to explore and experience social learning.

Quicforce (http://quicforce.ibsindia.org/) at IBS breaks the monotony and attracts the students focus, foster inquiry and create interest, thereby, stimulating retention.  Sessions become more interactive, collaborative and students move from passive reception to active and participatory learning.

Contributed By : Dr. Venkat (PGPM Program Head, IBS Business School)

THE TWEETING BUSINESS .

wFacebook, Twitter, and Tumblr are all

 ‘User First, Brands Second’ services.

The brands are all over these services now.

But for the most part, these services didn’t do much to bring them.

The engaged users did.

-Fred Wilson

Social media platforms, like Twitter, have empowered customers and provided brands with an alternate access to their markets.  Smart brands are aware that today’s online world is dominated by people who, in turn, may be potential (or existing) customers. Adam Denison, one of the Chevrolet’s main PR guys, says the reason they are on Twitter is – “People especially love to talk about their cars: good or bad.”

The reach, ease and personalized nature of rewarding customer interaction permit the growing popularity of brands.

79% of the surveyed Indian brands rely on agencies for their social media requirements for implementation and roll out of campaigns, according to the E & Y study.

“Brands that want to participate in Twitter need to be committed & be part of the community. This is not advertising” cautions, Paula Drum, VP of marketing at H&R Block.

Twitter is essentially a short message communication tool. We are allowed only 140 characters to convey our message to people who subscribe to us. Some companies welcome the challenge, while others find it tricky. It is worth it, however: almost half of the frequent Twitter users follow brands online. It’s a market which a brand can build and nurture. Twitter marketing has impressively increased brand awareness and a loyal customer base of many traditional and upcoming companies.

TV Guide, who is well prepared for the crazy pace of breaking news, credits Twitter for quadrupling “to 15mm unique in 2 years”.

Best Buy uses Twitter “to help facilitate communication, collaboration and community among our user base. Also to be human and be available.”

The Travel Channel doesn’t believe in overloading the readers with irrelevant information. They only publish what they feel will be valuable to their audience.

Pop Cap, the company behind the popular game Plants and Zombies, found it best to lose the business lingo on Twitter and show everyone the real people behind the brand.

Twitter is invaluable to Dunkin Donuts. Since its brand strategy primarily involves listening to its customers, the social network has made it possible for the brand to collect authentic feedback in real time.

A former barista has taken the Twitter helm at Starbucks and steered the brand onto the screens and into the hearts of millions. Brad Nelson uses tools like Twitter Search and Tweetdeck to manage the Twitter load. Tweetdeck shows you everything you need to see at once, be it trending topics, searches or replies.

Comcast, on the other hand, acknowledges that the expanded operations are responsible for its good load management. The company has multiple Twitter user ids – @comcastbill, @comcastgeorge and others- to log in at the same time.

TWITTERING YOUR BUSINESS

Let’s discuss, how you can get tweeting about your business:-

BUILD

Choose a username wisely, get an account and fill out the profile section to completion. Provide information about your brand. Who are you? Where can the readers find you?  Present a brand story. Use customized visuals. Maintain consistency across all online platforms to aid identification and build trust.

IDENTIFY

Use Twitter’s advanced search to find potential customers who live or work near you.

FOLLOW

You can subscribe to read what others choose to share by following them on Twitter. The social network can scan your email address book and help you find people who you may want to follow – customers, professional contacts and even competitors. Some of your followers will even follow you back.

Note: Twitter has a strict policy against aggressive following so go a little easy on the ‘Follow’ buttons.

TALK

Now that you have spent some time observing, listening and joining a few conversations, you are comfortable enough to send out a tweet of your own. You are ready to talk.

Come up with a communication plan. Strategize your Twitter chats. Promote your business in a way that appeals to your audience. Tweet out discounts and deals to keep your audience hooked.  Focus on what they would like to hear. Complement your tweets with photographs and videos to show people what you are up to and what your product can do for them. Be prompt with your replies. These messages are public and, therefore, can help you better engage customers.

DIRECT

You can use Twitter to drive traffic to your corporate website or blog. You do this by accompanying the links with compelling introductions. Position URLs in the middle of your comments; experts claim this increases the chances of your link being clicked. Twitter tools offer a URL shortening tool, which uses only the first 20 characters of any web address and yet, the end result is a functioning link. This can come handy given the 140 character limit.

INTEGRATE

Place the Twitter Follow and Tweet This buttons on your website and blog. It is important that your readers feel that the content is worthy of a retweet. You can embed tweets into blog posts and you can also share a tweet timeline on your pages for more exposure. Twitter sends push messages to your smart-phone when people mention you, follow you, favorite a tweet, retweet or send you a direct message (DM).

ORGANIZE

You can group your followers using Conversation Lists into customers, potential customers, community businesses, trade organization, etc.

Separate timelines will display tweets for each list. You can keep these lists public or private per your choice.

EXPAND

A hash sign (#) followed by a unique identifier on Twitter makes up what is called as a Hashtag. This is done to identify by topic or shine light on a particular characteristic of a tweet. The hashtag pulls all the tweets linked with that hashtag into one huge conversation. Use a unique hashtag for your brand. This allows customers to find you, and you to keep tabs on brand-related conversations.

MEASURE

You will have to analyze your web presence and performance at regular intervals. Engagement can be adjudged by the number of click-throughs, retweets and favorited tweets. Analytical tools like Buffer and Twitter Reach can provide a more thorough evaluation.

Building a Twitter community takes time as does any branding or marketing exercise. You must focus on building trust. Keep your audience engaged and updated on what you are about. Write honest recommendations for your business contacts. Don’t forget to place your brand’s twitter id on all your marketing collaterals. In fact, integrate all marketing attempts so as to retain the same look and feel. Embrace innovation. And most importantly, experiment with marketing strategies to get a clearer picture of what works best for your brand.

Go forth and tweet away!

Contributed By : Ankita Verma (Class of 2009, IBS Hyderabad)

How to earn while you pursuing MBA.

Computer keyboard keys labeled LEARN and EARN

Generally it is felt that MBA is a course and need to be spent in studying, understanding the concepts and reading the case studies but this used be in 90’s. Presently the MBA is a dynamic degree and is more practical oriented it’s not the time to just study but two years you can utilize in  giving wings to your entrepreneurship, in enhancing your skillset. Generally people do 2 to 3 months internship during the 2 year MBA program but you can utilize the remaining period also in developing skills other than the normal curriculum study.

You can also earn while doing your MBA. Many people have started there venture while still in college and by the time the campus placement come they are earning 10 times of what they being offered as the first job salary.
Few tips of earning money while still in college

  • You can start your own venture

You have time during this period to think about some business plans, you can start working towards it doing some research and learn the market dynamics and can start it on a pilot basis and cater to a small market or area and earn money like people have started the concept of chai point in a small area and after seeing its success have scaled it up and open chain of it.

  • You can teach your juniors

You are smart and intelligent in comparison to others why not reap the benefit and earn extra bucks. You can on a personal basis can assist and teach the juniors and earn pocket money and can in a way help your parents by being self dependent as well as it also helps to brush up your concepts.

  • You can write articles and contribute in publications

If you have a good writing skill set you can use to and can tie up with publication houses or journals and can provide good stuff and you will gain popularity as well earn a place in the market. It’s also gives an edge by understanding the different subject matter beside your curriculum.

  • You can score high and can earn scholarship

There is another way of earning by scoring high in the semesters and can save your fee by earning scholarship. As most college these days have scholar ship program’s
It over all will help on saving and save you from the education loan debt burden.

  • You can also apply for new scholarships and grants.

A lot of students think that they are only eligible for funding when they initially apply for admission. This is a mistake! There are often new scholarship opportunities for upperclassmen, though they aren’t always widely advertised. You may also be able to apply for external scholarships or grants, which are offered from groups outside of your school .Begin by scoping out bulletin boards on campus and paying careful attention to email announcements. You can also search online for new funding opportunities, and there are apps that you can download for free (or for very little, such as the app Scholly, available for just $.99) that can help you tailor your search.

  • You can bring companies to campus placement

These days colleges have various remunerating schemes they pass on the bonus to the students if there bring the companies to the college. You can also on part time basis assist the placement cell in its various functions.

 

  • You can do research work for corporate and college

The college bags the project from the corporate in the basis of the quality of the students the college and the inclination of the college towards research. The college can give rewards to students on the basis of his or her contribution in the project.

  • Visit Career Services

Most campuses have a Career Services office which counsels students on job market possibilities, and which helps prepare them for applying and interviewing as they near graduation. Don’t think, however, that you should only use this resource as a senior.

  • You can often find advertisements for paid internships and part-time work in your field of study at the Career Services office.
  • Finding these opportunities early in your studies will not only help you excel in your field and build up your resume, but can add some much need cash to your wallet while you learn.
  • Enter academic competitions

You can pretty regularly find advertisements for essay contests and scholarly competitions (such as science or engineering competitions) which offer cash prizes for the top performers.

  • Be on the lookout for these opportunities by regularly checking the bulletin boards around campus (begin by looking in academic departments and the library), going through your email carefully, and by going directly to your advisor and/or professors to see if they know of any such competitions for which you may be a good fit.
  • Even if you don’t win, you’ll get experience in your field, make connections, and build up your portfolio or work.
  • Sell your textbooks at the end of the term

One of your biggest expenses may be the cash you have to set aside for textbooks. You can usually get a good chunk of your money back at the end of the term by selling back your books.

  • Campus bookstores will sometimes buy back books, but many campuses also allow independent companies to set up shop at the end of the term. You can also scope out used bookstores in the area to see if they buy used books.
  • To improve your odds of being able to sell a book (or fetch a good price for it), take care of your books throughout the semester, and avoid marking up the pages with notes and highlighters.
  • Write online

If you are good with the written word, you should be able to find plenty of opportunities to write (or edit others’ work) online. Search for freelance writing and editing gigs. The rates for these jobs vary: you may be paid by the word, be offered a flat rate for a project, or in some cases can be paid an hourly rate. You typically won’t be able to retain copyright over your work or collect royalties, however. Even so, by doing freelance work you can build a portfolio and make valuable connections which may later pay off with more stable job opportunities.

  • You can earn from extracurricular activities

If you know something and being an expert whether in playing piano or dancing or in playing something like boxing or taekwondo or yoga or swimming you can join hand with college and can earn by training and teaching people.

  • Join NGO

You can also join some NGO and can help them in their functioning and can earn an extra income as well as real life experience.

  • Can negotiate with various agencies

Since you have a mass of MBA colleague you can bargain or negotiate with anybody for any goods and services with any supplier or service provider and can save your money as well as your colleague money.

Contributed By : Maneesh Srivastava ( Class of 2008, IBS Gurgaon)

Difference between MBA and PGDM.

MBA-VS-PGDM copyFew months back, one of the readers of my blog on this site had asked me about the difference between MBA degree and PGDM degree. I had then responded to him with a short, concise answer. I am sure students aspiring for MBA colleges must have encountered this question somewhere or other during their research. So, in this article, let me discuss this topic in more depth.

Purpose of both MBA and PGDM programs is to shape up your career in the field of management. PGDM or Post Graduate Diploma in Management, as the name says, offers a diploma in management unlike MBA, which gives a Master’s degree in Business Administration. Moment one sees the word ‘diploma’ attached, all hell breaks loose and confusion starts. Thoughts flash. I do not need a diploma degree after a successful Bachelor’s degree or after a corporate stint. A diploma is of lesser value to me. Right? Wrong. This is the most common myth associated in the debate of MBA vs. PGDM.

To give you a clear heads-up, top MBA institutes of India i.e. IIM, IMT, SP Jainand XLRI offer a PGDM degree. And then there are other top institutes like NMIMS, Symbiosis, FMS, and IBS which offer MBA degree. So, where is the difference?

Type of Affiliation – Only Major Difference

In India, a PGDM degree is offered by the autonomous bodies or institutions, which are not affiliated to any university.university is the flagship program across all 13 IIMs. Each IIM is run by an autonomous body and is independent to control its day-to-day operations. However the top management of all IIMs report of the Ministry of HRD in Indian government. XLRI, Jamshedpur is another example which offers the PGDM degree. It is not affiliated to any university but run by an independent board which comprises CXOs of the leading corporate.

Now let us look at MBA degree. MBA degree is offered by universities and its affiliated institutions, and these universities are controlled by University Grants Commission (UGC). For example, ICFAI Business School offers MBA degree and is affiliated to ICFAI University. According to the Indian laws, only a university can offer degrees such as MBA, BBA or BE. Any institution which is not affiliated to university cannot offer these degrees.

Hence, the major difference between MBA and PGDM degree is the type of affiliation of these colleges. Most of the differences between both degrees are in fact spin-offs of this very distinction.

Autonomy Scores Certain Advantages

Since PGDM colleges are autonomous institutions, they enjoy certain operational advantages over MBA colleges. One of the differences is in the kind of curriculum and its design. In PGDM, the curriculum is updated more regularly based on the changes in the environment and requirements of the industry. This makes the PGDM courses more competitive and industry oriented. PGDM courses from institutes like IIM, ISB, SP Jain or such top institutes reflect higher brand value and are readily accepted by the industry.

What about colleges like FMS, Symbiosis, NMIMS, or IBS? They all offer MBA degree. So, does this mean the syllabus of these colleges is outdated? Answer is No. Technically speaking, a university syllabus changes once every 3 to 5 years. This is because there are a number of institutions affiliated to a particular university. So, if there is more frequent change in the syllabus, there will be time and costs associated with the revision of books and upgrading the faculties. Hence, there is a lesser degree of flexibility involved in the curriculum design of an MBA program. Even though the syllabus of a university affiliate MBA college may not be outdated, chances are that their curriculum may not be in tune with the current needs of the industry. In other words, the syllabus is more technical (and not theoretical) in nature, developing better business knowledge and perspective. However, university affiliated colleges with their experienced faculty and better infrastructure can offer better learning experience to students.

This difference in terms of curriculum of both kinds of colleges is a very finer one. It should not be accredited much weightage while choosing a college for yourself.

According to the views of Mr. V. Venkataramana, former Dean, School of Management Studies, University of Hyderabad, published in The Hindu, “An MBA is for those who seek a university programme to get a holistic view while the PGDM is for those who seek specialization in the area of their interest.” Therefore, you may find more innovative programs in PGDM colleges. They may offer more choices of innovative electives purely based on a particular industry need.

Being more industry-centric, PGDM colleges have more collaboration with the corporate bodies. There is a greater stress on setting up of industry funded groups like incubation centers or entrepreneurship cells or innovation forums. This often leads to a better funding model for these colleges, resulting in better placement and higher average salaries. However, I believe the worth of a student is more dependent upon his skills, capabilities and experience than MBA or PGDM.

There could be some differences in the duration of course as well. Many PGDM courses follow a trimester system. A year is split in two to four terms, each term of 2-4 months. For an example, in IMT Ghaziabad which offers PGDM program has four terms in its first year and three terms in its second year. On the other hand, a traditional MBA course consists of two terms or semester in a year, each ranging from 4-6 months. IBS Hyderabad has four semesters in its two-year MBA program, each ranging from 4-5 months.

So, Which Carries More Value?

Most points of distinction between MBA and PGDM program discussed above are fast getting obliterated in the race to attract best talent and top recruiters. Today most of them are even inconsequential to think about. What matters ultimately is the brand of the business school which enhances your skills, knowledge and career.

Next time, when you are deciding between MBA and PGDM, focus more on the ranking of the institute, accreditation, alumni network, reviews of college from its students, exposure, industry collaboration and your choices of subjects and electives. Remember, even the best institutes have its share of worst performing students, and even lower ranked colleges have best performing students in life and corporate. So, it’s your passion, hard work and performance which will eventually decide your future. And least MBA or PGDM.

Contributed by Suyash Chopra ( Class of 2010, IBS Hyderabad ) can be contacted atwww.suyashchopra.wordpress.com and twitter: @suyashchopra1