BIG DATA DEMYSTIFIED.

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Did you know that every minute over $300,000 is spent on online shopping, over 7000 photos are updated online and over 600 videos are updated on YouTube every day? The amount of data in our world is exploding and this is what we call as BIG DATA.

Big data is a buzzword, used to describe a massive volume of both structured and unstructured data. It is so large that it is difficult to process it using traditional database and software techniques. Mobile is everywhere – more people have a cell phone than running water and 25% of the world will be on a social network – that’s what created all of this big data. We go for shopping in a store, we purchase, do the billing and this also becomes a part of Big Data.

Datasets grow in size because they are increasingly being gathered by cheap and numerous information-sensing mobile devices, aerial (remote sensing), software logs, cameras, microphones, radio-frequency identification (RFID) readers, and wireless sensor networks. To extract meaningful value from big data, you need optimal processing power, analytics capabilities and skills.

What is the Impact of Big Data and how has it transformed businesses to be future ready?

Every day social media is abuzz with communication around brands. Thousands and thousands of likes are recorded, comments posted, tweets and retweets sent out, images clicked and shared on Instagram, posts curated and pinned on Pinterest, video shared, viewed, liked, and left midway, to name a few things that social media adds to the variety of big data. Big Data also lets ecommerce businesses create more personalized offers and communications. Big Data enables merchants to track each user’s behaviour and connect the dots to determine the most effective ways to convert one-time customers into repeat buyers.

Thus, insights from big data can enable all employers to make better decisions – deepening customer engagement, optimizing operations, preventing threats and fraud, and capitalizing on new sources of revenue. Big data analytics provides a deeper customer understanding which translates to a sustainable competitive advantage for the future. Big Data skills include natural language processing and text mining, and familiarity with Clojure, Scala, Python, Hadoop and Java; also useful are data mining skills with tools like R and Mathlab; finally, look for scripting and functional language skills with Erlang and new database development skills with such rarities as Cassandra and Couch DB.

To conclude, big data is simply large amount of data, which is getting generated at a fast pace in variety of situations. It is getting trendy due to rapid technology changes. The scope of being a Big Data analyst is high and currently, out of the employees required for Big Data analysis, only 1/3 are hired and working.

big dataContributed by : Anukriti Jain (Student of 2016 at IBS Gurgaon).

How to build a strong Resume.

3aae6daOne of the most important document of any person in academic sphere is his resume. It is a one pager document which can be a deal breaker. It talks about the person credentials and is a document on which basis the interviewer able to understand the persons profile, his academic qualification, his interest areas, his geographical background and his overall personality. It is the first document which being scanned by the interviewer .As at the first round level the number of aspirants are in large quantity so the resume need to be prepared very meticulously. The resume is a tool with one specific purpose: to win an interview. If it does what the fantasy resume did, it works. If it doesn’t, it isn’t an effective resume.
A great resume doesn’t just tell them what you have done but makes the same assertion that all good ads do: If you buy this product, you will get these specific, direct benefits. It presents you in the best light. It convinces the employer that you have what it takes to be successful in this new position or career.
I am sharing few tips for preparing a potential resumes

 Your carrier objective

Try to present this paragraph in the best possible manner, this paragraph should be such that it able to project a positive and assertive personality. It should reflect your loyalty and long term association, it should be written in a crisp and effective manner, try to keep this paragraph simple and effective. You should try to write on both sides of the table like how you shall be contributing to the organisation and how you will be benefitted from the organisation. Do not use fancy language and hyperbolic words.

Qualitative factors
Any interviewer while selecting a candidate takes deep note of the Qualitative factors beside the academic degree and qualification. You should write in your resume about your aptitude and attitude like team player, problem solver, and leadership quality.Try to showcase all such events where you have represented something like a class prefect. Sports team captain etc. Try to project that you believing in doing things and have a go- getter attitude and have an assertive personality.

Professional Qualification

Present in this the degree or degrees you hold present it in a chronological order starting from recent to past. If you hold multiple degrees try to give focus on the degree which is better describing your role or which is more relevant to the employer.

Academic Qualification

You should present the academic qualification in chronological order starting from recent to past. You should add your specialisation area and put more focus on this area. If you have not score high in your academics then do not show your percentage.

Training
Do mention in your resume the specialised internship or training you have undergone. Try to built a story like what contribution you have made to the organisation while you have undergone your training program .Showcase your project report which you have prepared during training and mention the hard work involved in preparing this project report from scratch and how your project report was unique and useful to the organisation. If you have received any praise from the organisation for your report do mention it in a line or two.
Past experience
Show your past experience in the corporate world if you have any, mention the streams in which you have worked, what unique project or work you have undertaken and how you contributed to the organisation.
Show your Humanistic Face

If you being associated with any NGO or social cause highlight it in your resume or else if you have convince your Board of Directors of your current organisation to get associated with any social cause do mention it.

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Be honest:

Although a CV does allow you to omit details which you would prefer the employer not to know about, you should never give inaccurate or misleading information.CVs are not legal documents and you can’t be held liable for anything within, but if a recruiter picks up a suggestion of falsehoods you will be rapidly rejected. An application form which you have signed to confirm that the contents are true is however a legal document and forms part of your contract of employment if you are recruited.

Be concise: 

A CV is an appetiser and should not give the reader indigestion. Don’t feel that you have to list every exam you have ever taken, or every activity you have ever been involved in – consider which are the most relevant and/or impressive. The best CVs tend to be fairly economical with words, selecting the most important information and leaving a little something for the interview: they are an appetiser rather than the main course. Good business communications tend to be short and to the point, focusing on key facts and your CV should to some extent emulate this. The longer and denser your CV is, the harder it is for an employer to comprehend your achievements.

Layout

The resume layout should be simple and impressive. You should not decorate it and try to give a formal look.

Paper

If you are providing a hard copy use A4 size bond papers which need to be bright white not a dull one, if you have a two page resume then stipple on the top left corner. However if you are sending a soft copy always sent a PDF copy rather than a word copy.
Initials
Always put your initials while submitting a resume and also place a date and place.
Address
Always mention your current residential addresses and if you are out station candidate and you are applying for a job in another town or city, it’s better to write open for relocation.
Spelling and Grammar check

Before finalizing the resume put a spelling check and grammar check in the Microsoft word which will help you to make your document flawless.
Photograph
If you are a handsome looking guy or pretty looking girl affix your photograph, this at times play a positive role in your selection process.
Passport
If you have a passport do mention your passport no.

References
Many employers don’t check references at the application stage so unless the vacancy specifically requests referees it’s fine to omit this section completely if you are running short of space or to say “References are available on request.”

Normally two referees are sufficient: one academic (perhaps your tutor or a project supervisor) and one from an employer (perhaps your last part-time or summer job).

Contributed by : Maneesh Srivastava ( Class of 2008, IBS GURGAON )

How to better utilize two years of MBA.

Whenever I remember good old days of college, moments of fun with friends & craziness flash in my mind and bring a broad smile on my face. Whenever I talk about my college days, I always say that, ”two years that I had spent in IBS, Gurgaon were the best years of my life!”

Undoubtedly building wonderful memories and having fun is an integral part of college life and perhaps the most important but there is more to it. Now reading this you would say, oh no don’t want another session of ‘Gyan’ we already get that a lot. But having spent 6 years in corporate world and working with some big companies of world, I would like to share with you my opinion on what you should certainly do in two years of MBA. Something which would help you in making a strong foundation of your career.

wellbegunishalfdone

You must have heard the saying, “Well begun is half done” that certainly holds true. If you lay the correct career base while studying in MBA and give yourself correct professional direction, you are half way through.

Talking about how to begin, then the first and perhaps most difficult step is to know, doing what work you actually enjoy and work doesn’t seem work. It can be anything, cooking, driving; reading books, painting, programming, travelling and the list is endless. People who don’t treat their work as work and while they are in office it feels like they are enjoying and have fun are the people who have made correct career choice.

When you discover this and decide to make your career in it, let me assure you that no one can stop you from achieving all your career goals and aspirations.

Now the big point is how will you do it, then I would say it should ideally start from your last few years of school life, however in case you haven’t it’s not at all late even if you work on it while in college.

While in MBA you are studying different subjects, keep a note on which subject’s lectures you enjoy the most or working on its presentations and assignments you don’t get bored, infact enjoy doing it! Which subject actually makes sense to you, whether it’s financial management, customer behavior, services management, Human resources, Operations management or something else. It’s you and only you who knows it and needs to decide about what you love reading and would like to know even moreabout it. If you like reading Bollywood Gossip, you know what you can make a career in it and trust me the money would also be good.

Don’t take decisions which are influenced by a friend’s choice of career or a relative’s suggestions. Don’t try to make a career in a field about which you have heard money is good or there are several jobs being offered. If you do some work just for the love of it, you would certainly make good money and would also get rich experience above all.

Having said this, say you have found out what you thoroughly enjoy doing and believe that pursuing a career in it would be a wise choice, bang on! You have taken a big leap in your professional life.

You achieved first thing you should certainly do while you are in MBA College. Now the second step is be informed about the career you have chosen, read as much as you can about it. You have internet, you have college’s library collection, utilize them. Read case studies of your field. Know about the companies in the field you have chosen, in case you would like to go for a job in future. Know as much as you can about the job openings there. Know about the cultures of these companies, career growth, senior management, past journey and future growth.

Known personalities like Indira Nooyi, CEO Pepsi-Co and Sheryl Sandberg, COO Facebookare few of very successful people who hold MBA degree and have made a remarkable career working with some of the biggest companies of the world. They in spite of being married women with kids are successfully running large organizations which showcase their passion, focus and dedication.

In case you don’t want to go for a job and would like to start your own venture then read about entrepreneurs in your field. Read about their success stories, their struggle and how they managed to be what they are today. Huge companies like Google & Apple started from garages of house and now the world knows what they are.

One book would like to recommend you on success stories of Indian entrepreneurs is ‘Connect the Dots’ by Rashmi Bansal.It’s an awesome book and tells you how some of impressive Indian Companies were built.

However while you are focused on what your career choice is also be informed about other subjects a well, never keep them in backburner. Once you enter corporate world you would notice, you need to be master of one but also jack of many. Say if you are in marketing role, you need to have a sense of all fields like operations, finance, HR. If you do not have it then you would not have a three sixty degree vision and would not be able to drive the work in best way. Here however I would like to emphasize that overall brief idea is what is required you need not spend hours reading about these but yes what you can do is be attentive in lectures and listen to what your lecturer is telling you, also at least go through the curriculum books with all dedication.

Having said this, spending lots and lots of time in a field(professional) is also very important. In a bestseller book ‘Outliers’ by the very famous and renowned author Malcolm Gladwell it is mentioned that in order to be expert in any field you need to spend atleast 10,000 hours working on it. It holds true in case of every person without exception.

Even people like Bill Gates, Mark Zuckerberg who had built huge companies in a very early stage of their life managed to do it because they started working on it when they were very young.

Here I would like to refer my first point, that they probably explored their passion at a very early stage and by the time they started their career they were already an expert in the field because they had spent hours reading working in which they want to make their career and the rest as we all know is history.

Contributed by  Arpita Seth (Class of 2010,IBS Gurgaon)

Opportunity never knocks twice!

MBA GraduatesOpportunity! You might have heard this word many a times and must be waiting for one. You must be wondering what opportunity is? And how can I come to know about this? Answer to the above question is very simple. Opportunity is an appropriate or favorable time or occasion. It is a situation/condition favorable for attainment of a goal or a good position. It is a chance or a prospect for advancement or success.

It is very important to know when and how opportunity comes and it is equally important for anyone to foresee the same and work in same direction so as to utilize and make full use of it. At times it becomes very difficult to know how opportunity comes and how to take advantage of the same. But if u can envision that, then probably half of the work is done and you will only need to work on the remaining half. The biggest question that arises now is how to foresee good opportunity? What shall we do so that we get good opportunities? Answer to the question is simple, even if you are doing business or a salaried employee.

Broad Minded– It is very important to be broad/Open minded as it helps you to understand the situations in a better way and come to know more about different things. If you are narrow minded then you don’t give room to your mind which will close most of the doors for thinking. If you give room to your mind to think, then probably you can get new ideas and you can work on the same. It is always wise to understand different people and respecting their thoughts as well. You only can learn and grow by doing so. If you become stubborn then you probably don’t grow and become contended in your life.

“Nothing makes a man broad-minded like adversity.”

The above quote is true, it’s better to become broad minded from the beginning than to wait for an adverse situation and change the mindset. If you take efforts to change it from the start then gradually it will become a habit.

Eyes and Ears open– One of the very important ways to attract opportunities is to keep your eyes and ears open. You never know from where a good opportunity may come and you can grab the same. If you keep your eyes open then you can see if there is something which can help you in your future course. If you keep your ears open then you can hear about a good opportunity from someone and make use of it.

Opportunities may come in various forms – in the form of a scholarship, a raise in the salary, promotion at work, and a chance to spend quality time with family and friends. So, it is important to keep one’s eyes and ears open so that these opportunities don’t slip by. Once these opportunities slip through our fingers, it may take a long time before they come knocking on our doors again.mba-graduates

Hard work– Hard work is very essential to attract opportunity. It is very simple if you work hard and if you do good in your activity then good things are going to come to you and you will get desired fruits for the same. If you don’t work hard and only wait for an opportunity then probably it’s not going to happen. To get something you need to work hard and in right direction. The most essential character to success is hard work.

Let’s take an instance, if you want to do a business and you don’t know what business to do and from where to get finance? If you will wait for an opportunity to get you an idea and money to start a business than probably it’s not going to happen. But if you go out and do market research try to find out demand of a particular good or service then you get an opportunity to start something. If you go and meet investors and visit different banks than probably you can arrange finances. Sitting ideally at home gets you nothing and you end up waiting for an opportunity and fail.

“The price of success is hard work, dedication to the job at hand, and the determination that whether we win or lose, we have applied the best of ourselves to the task at hand.”

 Desire – All above qualities are very important but desire to work and foresee an opportunity is equally important. If you desire to find a good opportunity then it is very to do that. If you don’t desire then probably you will ignore opportunities coming to you and will end up getting nothing.

“The will to win, the desire to succeed, the urge to reach your full potential… these are the keys that will unlock the door to personal excellence.”

The human race is divided into two classes-

  • Those who go ahead and do something, and
  •  Those who sit idle and enquire, out of idle curiosity that: – “Why wasn’t it done the other way?”

Success in life, be it in any task or field brings happiness and once reached must be won over and over again. It’s not easy, but in the difficulty lays the opportunity, its rewards are great, but it belongs only to those brave and courageous souls, who care to have the faith in themselves. Who recognize and opportunity when it comes their way, grab it, make the most of it and continue to move forwards towards success. The winner says- It may be difficult, but it’s possible. The loser says- It may be possible, but it’s difficult. Now which category do we want to belong to? Winner or loser?

One thing is certain, that if a person is willing to brave the hazards of the road, he will grow strong in the journey. Only the strong, courageous and the determined, find success in their journey. Such people don’t explode into success; they GROW into it. A successful man once said “When I can run, I will run; When I can walk, I will walk; When I can only crawl, I will crawl; I will sat least always be moving forward.” Successful men always move forward and grab opportunities. The secret of being successful is grabbing the opportunity and make full use of it.

“If you have the opportunity to play this game of life you need to appreciate every moment. lot of people don’t appreciate the moment until it’s passed.”

Contributed by Kandarp Gandhi, (Class of 2014, IBS Mumbai)

The One-Minute Manager

the_one_minute_managerI have read the ‘One Minute Manager’ (Ken Blanchard & Spencer Johnson, Berkley Books) at various times during my life and each time it is with a new perspective.

The first time I read it was when I had just started on my career. Frankly, I was a bit bored by the book and I missed the whole point of it. Then after some years, I again read the book. This time the concept intrigued me. Everything done in a minute!

Then more recently, I read it again and this time I got the idea and it was no longer intriguing, but downright enlightening. It seemed the most efficient way to do things – in the shortest possible time.

The purpose of this blog is not about the book as such but to extrapolate on the concept that is explained in the book and what we can learn from it. To those who haven’t read it, the book is essentially about managing people, who are the most important resources in any organisation. If we extend the learning from it, you can also interpret it as getting the results you want in as little time as possible. As a manager, you should not be spending too much time in doing things – whether it is setting goals, praising your employees and chiding them.

The one-minute time is not that important. What is important is how much time are you spending on doing things? How fast is your reaction time? Are your goals so complicated that your employees get confused?

I am sometimes amused reading the mission and vision statements by companies. It runs into several sentences and statements. You have to be able to explain your vision and mission in one sentence. If you are putting in too many of them then you have lost focus.

In the same way, as a team leader or manager you should have well-defined goals for your team that can be read or seen at a glance. Goals, whether the manager or the team members set it, should not occupy more than a sheet of paper. In addition, it should be written in such a way so that it can be easily

We have lost the art of simplicity. In fact, we like making things sound complicated because we think that makes us look clever. If what you say sounds too complex to be understood by others, then the problem is not with their understanding but your ability to explain and communicate.

Since our thought processes are not simple, the way we go about doing things is not simple. Our corporate structure also reflects our complex thinking processes. India’s retail king, Kishore Biyani is a staunch advocate of the simplicity theory. He holds the idea that an organisation should have as few layers as possible, in order to simplify the decision-making process. The more layers, the more time is spent in transmitting information.

The essence of any good manager and management principles is being ‘people friendly’, that is, treating employees with care. Finally, organisations and corporations are all about people and if they are not happy, you cannot have a happy organisation.

The root of all enterprise is people; they are the most important resource. Next comes the processes and systems and then we have the purpose for which the enterprise has been set up. It doesn’t matter if an organisation has two people or 200 people. If their attitude is not right then it doesn’t matter how innovative or how novel the venture is; it will not work.

In the book ‘One Minute Manager’, the manager takes just a minute to praise or reprimand his employees. Extrapolating on this idea, we can conclude that timely action is of the essence. React to events – positive and negative – as soon as they occur. Events do not wait for you. Sometimes you also need to anticipate events and then take action accordingly.

Managers and senior team members in corporates spend a large amount of their time in meetings. Those who have been part of these meetings know that there is a good amount of time wasted in these meetings. Most meetings are inconclusive and some of them have no agenda at all.

If you were an efficient manager, you would not need these meetings. If you have conveyed your instructions properly to your team, they would not need to speak to you frequently, unless it is to update you on their progress – and does it require hours to do that? As a team member, how much time would you really need to explain to your boss how much of your goals have been achieved?

Even meetings need to be efficiently held and should be productive. The meeting agenda should have the objectives clearly laid down. What is the purpose of the meeting? What are the items to be discussed? What are the actions points and by when should they be achieved? Finally, what are the conclusions reached?

People often have meetings to raise issues but they come up with no solutions.

This is a wasted meeting. Some people hold meetings because they claim that is the way they interact with team members. Even if this is true, you have to keep such meetings short.

Large projects need to be broken down into smaller ones with short-term goals. All the short-term goals lead to medium-term goals, which in turn lead to longer-term goals.

Simplifying things and making them into smaller achievable targets is the way to introduce efficiencies in the system. If your systems and processes are efficient, then employees can perform at peak efficiency and be more Processes and systems in a company are meant to help employees. They are not to create roadblocks or hinder them in the course of their duties. Keep them simple so that it is easy for employees for them to follow it and most importantly, understand why they are there.

I have seen some organisation where their workers’ manual, run into several pages. Do you really expect employees to remember all that and work according to it? What’s wrong with a one-page set of instructions?

As aspiring management students and future managers, you have to internalise this idea in your DNA – simplicity is of the essence.

Contributed by Disha Parekh Mohanty

Short term gain, Long term loss!

article-0-0F7E408B00000578-835_634x356Short term gain, Long term loss! I would like to share an incident which made me write an article on this topic. I am currently based in Bangalore and my family is in Ahmedabad. I work with an Investment bank as an analyst and current CTC is a bit less. Actually industry pay over here is a bit less. One fine day I got a call from a US financial institution based out of Ahmedabad. I went through the process and fortunately or unfortunately cleared the interview. They were ready to pay me according to my expectations and then I got caught in dilemma. On one hand I can get settled in my home town with my parents with a good pay. And on other hand I had my growing career in the current company. I adopted the culture of my Company and doing well in my work. It was always a tough decision for me and here comes a classic example of Short term gain, Long term loss! It was a matter of decision and obviously you should know what would be my decision. It was long term gain.

The reason I opted to stay back in my company is I was doing good in my current role and earned bit goodwill over here by working well. If I can continue my good performance over here I can get good increment and promotion as well. Currently I would have only got benefit of a lakh or so but if I wait in my current role I will reap the benefits of lakhs in future. Brand name is also equally important and can reap us good benefit in future.

Purpose of sharing my experience at this platform is not to boost myself but to provide emphasis on decision making. It is very important for a person to make right decision at right time. We should never make decision hastily as it can have adverse impact on our future. It is wise to take decision taking into consideration our present scenario and future prospect. At times you can also get trapped in this type of tricky situations, most important thing is to think about short term and long term prospect as well.

“Develop success from failures. Discouragement and failure are two of the surest stepping stones to success.”

Short term loss, Long term gain:-

This probably is a better situation in which anyone would want to be! The only reason for me saying this is, it is fine if we struggle a bit in initial stage but we would always want ourselves to be in better situation at the end. No one likes to end the path in negative note everyone would always want to end the path at good note. The struggle in initial stages also teaches us few important lesson and we can implement the same in future course of career. There are many people who have opted for short term loss and long term gain. We can take the examples of those who rejected a good high profile jobs with healthy pay check to start their own venture. They also have ended up being successful.

 “Develop success from failures. Discouragement and failure are two of the surest stepping stones to success.”

Few examples who have opted for short term loss and long term gain:-

 Chetan Bhagat-He is an Indian author, columnist, screenwriter, television personality and motivational speaker, known for his English-language dramedy novels about young urban middle-class Indians. He worked in Goldman Sachs in Hong Kong as an Investment Banker for nearly a decade, and wrote Five Point Someone while still in Hong Kong, before moving to Mumbai to focus full-time on his writing career.

He sacrificed his job and started writing novels. Today he is known public figure and is loved for his writing by most of the youth in India. There was a choice for him to continue the job and be there but he opted to leave that and followed his passion. He decided to select the path which is beneficial for him in long term and sacrificed short term gain. Today he is enjoying stardom and price which he deserves. He has earned his living a long back and now only work for passion.

“Better to die doing what you love. Than to live doing nothing at all.”

Sachin Bansal – Bansal graduated from IIT in 2005 and joined a company called Techspan for a few months. In 2006, he joined Amazon.com India as Senior Software Engineer. Binny Bansal also worked at Amazon India at this point.They initially thought of starting a comparison search engine, but realized that the market for E-commerce in India was very small. Hence, after leaving Amazon in 2007, they founded Flipkart as an e-commerce company.

Flipkart went live in 2007 with the objective of making books easily available to anyone who had internet access. Today, they are present across various categories including movies, music, games, mobiles, cameras, computers, healthcare and personal products, home appliances and electronics – and still counting! With over 11.5 million book titles, 11 different categories, more than 2 million registered users and sale of 30000 items a day, we can say with utmost confidence that we are one of the leading e-commerce players in the country.

Sachin Bansal took risk and started a company which is now well known and giving competition to U.S. giant Amazon. It is very big achievement for the young duo. Taking risk can lead to a good career but at times can destroy the career as well. It is important to take calculative risk and there comes a difference between a normal man and a wise man. Wise man always take calculative risk where as normal man know there is high risk and it is do or die situation still he will go for it and wait for the best result. Normal man taking abnormal risk can also be effective but the probability of the same is minor.

“Biggest risk is not taking any risk….In a world that is changing very quickly, the only strategy that is guaranteed to fail is not taking risk.”- Mark Zuckerberg

 From all the things I mentioned above we come to a conclusion that it is very important to take right decision at right time considering future into account. If you want to write your fortune, act wisely and take decision smartly.

Contributed by Kandarp Gandhi, (Class of 2014, IBS Mumbai)

Humour In The Workplace

Humour in the WorkplaceI remember an incident some years back when I had just joined my first company. Our Big Boss had come all the way down from Delhi to look at us minions in the far-flung branch office and flex his muscles, so to say.

In his typical brash style he was standing one evening, one leather-shod foot up on a chair, the other planted down on the floor, while he was aggressively beginning to take to task our hapless branch manager, who was trying to bear it.

The Big Man had just begun on his tirade when one of our colleagues from another department, known to have a wit (and as we discovered, also a presence of mind) came into the room, summed up the situation at a glance and then going up to the Boss told him, “Ah excuse me, but I think that is my chair on which you are resting your tired feet. I’ve been searching for it and I find that it is hiding itself in this room. May I take it back into my custody please?”

For a second the Boss looked astonished and then he started to smile. That broke up the tense atmosphere. It was a huge lesson to me and one, which I have never forgotten – the power of humour in handling tricky situations and indeed its importance in the workplace.

I’ve worked in many places since and I’ve been very lucky that most of them have been places where humour and laughter were encouraged. Those whom I’ve worked with, including my bosses, were easy-going people, though very committed to their jobs. They had the rare ability to laugh at themselves. I have also been fortunate enough to work with teammates who were never too busy to respond to a joke or laugh even when we were working under tough deadlines.

Of course, there have been one or two places, which were too stuffy and I was never comfortable there and could not stick it out for more than a few months.

But, I have found, that humour is not, in fact, tolerated in many offices much.

People tend to take themselves and their jobs in a deadly serious manner. Laughter is taken as a sign of frivolity. Any humour consists of the unkind one where people are often laughing at others, or at the expense of others.

Do you know that humour actually makes people relax? It also relieves stress and employees tend to make fewer mistakes in such an atmosphere.

Evidence has shown that humour invigorates and makes people more humour doesn’t mean only cracking jokes or sending around those chain mail ‘forwards’ of internet jokes that are circulating forever. It means being able to keep a stable perspective on things; seeing the lighter side of a situation; knowing that being a few minutes late on a deadline will not really push the universe off its course.

Humour also has the ability to unite people and it is one of the best ways to create teams that can work together in harmony. Have you seen the way old friends laugh and bond when they are together? If we can do it with friends, why not with our colleagues at work?

Offices rivalries are notorious and often have the potential to escalate into disruptive situations. However these kind of hostilities can be defused if people have a sense of humour and the principles concerned realise that it is after all, not a ‘life and death’ matter.

A boss with a sense of humour will be better able to lead a team than one who takes her job and herself seriously. This is because she becomes more approachable and her team members feel at ease with her. They feel able to take their problems to her. Remember that even a strict boss can have a sense of humour – as I said before, it’s an attitude.

Conflict situations in the boardroom or at the workplace can often be resolved with a sense of humour. It helps to ease tension, lessen pressure and puts us in a better mood. This makes us more receptive to the opinions and viewpoints of others and enables us to meet them halfway.b-school

Creativity and innovation can be stifled in an atmosphere where there is a constant pressure to adhere to deadlines and meet targets. Humour can actually help to dispel the sense of undue gravity and it is necessary because the mind has to be free of fear.

I remember once we were all asked to work on October 2, Gandhiji’s birth anniversary. There were a lot of grumbles and rumbles throughout the office but nobody actually dared to challenge the fiat. One female colleague, who had recently married and had made plans for that day, decided to be bold. She walked up to the boss and asked him openly, “I want to take an off on the second. Can I?”

The boss looked at her in silence and then said deadpan, “only, if you are dead!”

He however said it with a smile and that took the sting out of his answer. The rest us cracked up at his reply and that sort of eased the whole situation. It put us in a better frame of mind to lose that holiday.

One should however note that it is never good policy to laugh at others, at least not in a mean way. Making fun of others in front of everyone and laughing at them is not humour, especially if you feel that the butt of your jokes is not appreciating them. This becomes all the more important if you are a team

The first team that I ever led was a young bunch of raw recruits and the kind of job we were doing required us to be alert and fast. There was very little scope for making mistakes and learning from them and the only way I could ensure their enthusiastic co-operation was by keeping the atmosphere light and taking away the psychological pressure. By not stressing too much on the critical nature of their work, the first few difficult weeks passed off uneventfully.

Some people have a natural sense of humour and for those who don’t – I think you need to cultivate it. It definitely pays to have it, especially when you are at the receiving end of a tongue-lashing.

Contributed by Disha Parekh Mohanty

Leadership Lessons from Mahatma Gandhi

mahatma-gandhi

Dr. Albert Einstein famously said on the occasion of Mahatma Gandhi’s 70th birthday that “Generations to come, it may well be, will scarce believe that such a man as this one ever in flesh and blood walked upon this Earth.”

Isometime wonderthat wasGandhiji merely a freedom fighter,or a national leader, or a revolutionary, or a smartstatesman? It totally depends on the way you analyses his life. You may have disagreements with many of his thoughts. But, all said and done, one cannot deny the fact that he was a super leader who changed the lives of billions of Indians in last century. It required some extra ordinary powers to fight against the British empire and bring freedom to this country and that toowith weapons like truth and nonviolence.

I have always been inspired from Gandhji’s journey and attracted towardshis qualities of a leader. I have read his autobiography when I was 16 or 17. I believe he was a super leader, though I personally have some reservationsfor some of his decisions. It is very difficult to sit down and write about Gandhiji and his leadership skills as they are unquestionable.While writing this article, I feel that the steps and ways shown by Gandhiji are proving more and more relevant in today’s time where complexities have increased many a fold. Here, I have tried to do so and have noted down qualities which depict his great leadership skills.

  1. Honesty and transparency – the best policy

Gandhiji’s honesty and transparency were beyond question. His life was an open book. Barring few incidents in the childhood (which he confessed and corrected), he had never made any compromise whatsoever. I believe leadership starts from the very virtue of ‘honesty’. A dishonest leader never gets respect from his team members and he miserably fails to lead them effectively. Further, honesty automatically leads to transparency as honest leader has nothing to hide from anyone.

  1. Stay on course

Gandhiji had a solid willpower. After, his life changing experience of Pittsburg railway station in South Africa, he decided to fight against injustice. I believe India’sfreedom movement was not even in his mind at that time. His fight was against injustice only and he committed himself for this cause and fought for it. He decided one thing and stuck to it in every odd situation.

The same continued when he returned to India. On his entourage across India, he observed and experienced the pain of injustice done to poor Indians by British rulers. And then he decided to start a mass movement to fight against such injustice which later on converted into the freedom struggle for India.

He said once that “To believe in something, and not to live it, is dishonest.” He lived this sentence for his entire life. This is a finest quality of great leaders. They take time in deciding goal but once they decide something, they spend entire life behind achieving it

  1. Make a team of talented people

One of the basic qualities of a smart leader is that he is around with talented people. He discovers talent and keep them with him on his side to discuss, understand,seek views on the variety of issues. He shares his dream with them and converts it in a one shared dream for the entire team.

Gandhiji had army of super talented and highly skilled people like Jawaharlal Nehru, Sardar Patel, Rajendra Prasad, Maulana Azad and many more.He created rock solid team with such people. The team in a true sense was inspired by his dream and helped him in communicating his message to the mass. This teamcreated fire and wave for freedom fight acrossthe country.Gandhiji formulated strategies and his team successfully implemented them effectively across India. This made him very effective compared to any other leader in the world.

  1. Communicate with everyone

I believe Gandhiji’s ability to communicate and stay connected with everyone and involving them was the key to success of our freedom struggle. As being a smart leader, he knew that it was very important to communicate his vision of free India to common man. Hence, he travelled length and breadth of this country and conveyed this message. He always travelled in a third class of train so that he could stay more and more connected with average poor Indians and understand their problems, communicate with them.Further, he also started magazines to reach out to large number of Indians with his vision. He used to write a lot of letters, regularly answered themto be more connected evenin his busy schedules.

It is absolutely necessary for a leader to communicate his vision and convey message to team members. With this approach, team members feel that his leader is talking to him and it lifts up their morale. In today’s time, leaders are not able to reach to bottom of the pyramid because of variety of reasons and leave it to his subordinates. This does not give desired outcome as subordinates cannot share the message with same intensity and conviction as it was not their message. People always like to listen directly to the leader.

  1. Ensuring involvement of everyone

Gandhiji knew that it would require involvement of everyone in order to achieve success in the freedom struggle. Hence, he introduced “the swadeshi movement, charkha, picketing of foreign goods, Dandy march, Satyagrahs”etc and involved almost every Indianin his battle with all these programs. He made them felt that they are important contributors in India’s freedom movement.

I can correlate the famous quote from Benjamin Franklin (one of the founding fathers of United States) in this regard that “Tell me and I forget, teach me and I may remember, involve me and I learn”. Hence, It is utmost important for a leader to keep his people involved and engaged in the process of achievement of ultimate goal.

  1. Ability to manage conflicts

Gandhiji had a team of stalwarts. But these people were having their own perspectives. However, Gandhiji was able to resolve thesedifferences of opinions effectively and did not let the team break. Such an exceptional quality! And these differences were large in the magnitudes which only he could manage.

When there are people, there will be issues. It is difficult to manage differences arising from people in today’s time and hence, it requires patient hearing, persuasive skills, open heart and honesty to solve them.

  1. Be what you are

It was absolutely sheer courage and strong determination to attend round table conferences, meet Britain’s kings/queens/viceroys in merely “dhoti”at that time. People laughed at him but he believed in one thought that “First they ignore you, then they laugh at you, then they fight you, then you win”.He simply put that as a representative of billions of poor Indians, he cannot afford to have lavish clothing. It provides us the most important lesson to us that we should be what we are. Sometime, we just fake it to impress others.The simple thing is to let our thoughts and actions do so.

 At the end

The above is a non-exhaustive list as Gandhiji’s entire life is a lesson for us. Gandhian thoughts are more relevant in future then past. Let’s try to follow and practice some of these lessons in our life.

Contributed by Janmang Mehta ( Class of 2010, IBS AHEMDABAD )

Turning Internship into a Job

Journey of MBAYour internship can be a great way to gain experience, meet networking contacts, and prove your worth to an employer. It can also be the necessary foot in the door to land a full-time position at the organization.Wondering how you can turn your internship into a full-time gig? Here’s how:

1. Choose the right internship

Seek out internships that require substantial work. Often small and medium-size companies, which can be notoriously understaffed, provide the best opportunities. Before you accept the internship, try to talk to former interns to get a sense of whether they found the experience valuable.

2. Do you really want to work there?

Be sure you want a job with the company with which you’re interning. Interning gives you a chance to see if you’d enjoy working permanently for your internship company and how well you fit into the organizational culture. Once you’re convinced the employer is right for you, your enthusiasm — based on real-world, insider knowledge — will be a major plus in helping you land a full-time job there.

3. Act the part

Once you’ve decided you like the company culture, show you fit in. Demonstrate a work ethic that’s at the same level as regular employees.Show up with an eager, positive attitude each day. Come in early and be the last intern to leave. Dress at least one step above your current position. Take pride in each project you are assigned and ensure it’s your best work before handing it in.

4. Ask for feedback on a regular basis

Although you don’t want to cross the line into being annoying, it’s important to have a grasp on your strengths and weaknesses by getting feedback from your boss.Seek input and feedback from supervisors and co-workers during your internship so you know how to improve as you go along. Show those you work with that you want to be the best you can be.

5. Go Above And Beyond Your Job Description

Show that you’re always thinking ahead by anticipating others’ questions and needs. Do more than is expected of you to stand out among other intern candidates. Volunteer for additional projects when you can, and be flexible with your schedule for a chance to impress the team by staying late or coming in early.Taking on additional tasks, being flexible, and thinking ahead shows your dedication to your role and helps your supervisor and co-workers view you as an integral part of the team.

6. Be Consistent

Always maintain focus and discipline while at work – and avoid distractions such as text messaging or checking social networks.

7. Ask questions.

Don’t be shy about asking questions, especially if you need clarification on an assignment. Carry a notebook with you at all times. Be energetic and alert, but don’t pretend to know something you don’t.Don’t be afraid to ask questions. It’s a great way to show your level of engagement and connect the dots. It will also help you obtain a rounded, realistic preview of a prospective employer and job so you can make an educate decision about your career options down the road.

8. Develop your skills

Learn unfamiliar software programs. Try projects that help you to hone skills you’ve never used or don’t use often. Observe the skills used by people in the kinds of positions in which you envision yourself working, and polish those skills. The wider your range of skills, the more valuable you will be to the employer.

9.    Set goals for yourself.

Within the first week of your internship, make an appointment with your manager to establish goals. Discuss projects you’d like to tackle and specific skills you hope to gain over the internship. Always have a positive attitude about the work, however menial it may seem to you. Once you show you can be trusted with small tasks, managers will give you more responsibility.

Career10. Be assertive.

Learn as much as possible by staying busy with projects and volunteering for assignments. Don’t overextend yourself, but raise your hand when a manager asks for help. Don’t stick just to your department, either; volunteer to work in other parts of the company so you can get an overview of as many as possible. Prove that you can meet the responsibilities of a full-time job.

11. Record Your Accomplishments

Be sure to keep a record of all the ways you’ve contributed during your internship and be prepared to present this list when you make your pitch to the employer for a permanent job. After you’ve finished a task or a project, write down any accomplishments you’ve had. Showing that you can produce results is a great way to move up at the company.

12. Secure A Mentor Within The Organization

Moving up is much easier if you have someone to lean on for advice and insight. Convert at least one of your network contacts within your internship into more than just a contact. Cultivate a mentor who can guide you in developing a strategy for obtaining permanent employment.

13. Have A Solid Grasp On The Company

 Know what the organization needs and how you can fill those needs. Understand each product or service. Get to know the clients and customers the best you can. Learning this vital information will not only make you do your job better – you’ll have a clear understanding of how you can move up in the organization, too.

14. Keep in touch after the summer

Before the summer ends, get your colleagues’ contact information so you can send them thank-you notes. Network with them throughout the year, sending them casual e-mails asking about their work. If you performed well over the summer, they’ll think of you when a job opens up.

15. Don’t be shy about asking about permanent job opportunities

 Your employer won’t know that you’re interested in a job unless you ask. Also be vigilant for opportunities to create a position. Look for employer needs that aren’t currently being met and consider proposing a job to meet those needs

Contributed by Shilpa Verma Kansal ( Class of 2008, IBS GURGAON )

IBS GURGAON CONVOCATION – 2015: Welcome address by Prof S C Sharma, Director, IBS-Gurgaon

Here is the text of the welcome address delivered by Prof S C Sharma, Director, IBS-Gurgaon during the IBS GURGAON CONVOCATION – 2015.

Prof S C Sharma, Director, IBS Gurgaon

Honorable Chief Guest Dr Mangu Singh, Managing Director, Delhi Metro Rail Corporation, Guests  of Honour Mr Vaibhav  Srivastava, Chief Executive officer, Zerone Technologies and Mr Mridual Srivastva, Vice President, Human Resources, Hero financial corporation, our highly respected guest Wing Commander Mr R R Reddy, distinguished guests, learned members of faculty, dear graduating students and their accompanying parents and guardians, ladies and gentlemen,

It is indeed a matter of distinct privilege for me to extend a very warm welcome to our Chief Guest Dr Mangu Singh Managing Director, Delhi Metro to this convocation ceremony. Dr Mangu Singh is a well known personality and is a symbol of excellence and outstanding accomplishment in the field of urban infrastructure, particularly Rail Transport planning, developing innovative monitoring systems leading to setting up of new standards for program execution and management.

Dr Mangu Singh graduated in civil engineering from University of Roorkee (now IIT Roorkee) in 1979 . Thereafter, he got into the Indian Railways Services of Engineers (IRSE) in  1981 .

Dr Singh joined Delhi Metro Rail Corporation (DMRC) in 1997 in the capacity of Chief Engineer/Chief Project Manager and moved upwards to the positions of Executive Director, Director (Works) and has been Managing Director since December, 2012.

Dr Singh is also a recipient of various prestigious awards and honours like the National Award (Railway Week Award 1996) for his contribution in completing the Kolkata Metro Rail Project, distinguished Alumni Award – Global Meet IIT (Roorkee) 2007 etc.  and Engineer of the year award 2012 by IEI. Dr Singh has published/presented many technical papers in National and International Journals/Conferences etc.

We are deeply grateful to you, Sir, for finding time to be with us as Chief Guest for this august ceremony.

Our young graduating students have been keenly waiting to hear your journey in one of the most prestigious institutions in the country and how you have made a difference through the sheer grit of your personality and persuasive ways in getting the best out of people and material resources around you.

It is my pleasure to  extend a very special welcome to Wing Commander Mr Raghunath Reddy, Registrar IBS who has flown from Hyderabad to be a part of this celebration. Mr. Reddy has been rendering a very valuable and priceless service to IBS. The range and depth of his contribution to IBS during last fifteen years is beyond description. His invigorating leadership echoes in every sphere of this great institution and helps it in soaring higher and higher levels of all round success.

I extend a very welcome to our two distinguished guests of honor from industry Mr Vaibhav Srivastva and Mr Mridul Srivastva .

Mr Vaibhav Srivastva is an engineer and Masters in Business administration  and has around 15 years of standing in corporate world. He has been CEO of 5 companies in Qatar and Dubai under AL Sulaiman Holdings. He brings with him sound experience of sales, business development, product management and business planning.

Mr Mridul Srivastva , is currently heading  HR Department of Hero Financial Corporations He has 11 years of experience in several sectors  including hospitality , real e state  and NBFC. He has been extensively promoting the use of E-Learning and blended learning throughout the organization.

We extend a very warm welcome to our distinguished guests Dr S K Kaakran and Dr O P Gupta, former Director IBS Gurgaon .

We are also deeply appreciative of the presence of parents, guardians and friends of our graduating students. Many of you have made great efforts to join us today. Our most grateful welcome to everyday.

It is a matter of great honor for me to be a part of ICFAI Group and IBS family.

It would be contextually relevant to share briefly the journey and accomplishments of this great institution which has redefined the concept of management education in India and made perceptible impact on the life and career of thousands of students in the country through a vast pan- India network of 11 universities and 9 IBS Campuses located at Ahmadabad, Bangalore, Dehradun, Gurgaon,Hyderabad, Jaipur,  Kolkata, Mumbai and Pune.

The IBS campuses offer two year, full-time Postgraduate Program in Management and continuously endeavor to meet the changing needs of corporate and businesses.

Since its inception, IBS has been consistently ranked among the top Business Schools of India providing excellent academic delivery and transforming the students into leaders for the future.

IBS Gurgaon pass-outs have been in ever increasing demand and very many of them  are holding senior positions in large number of companies and business organizations covering almost all major sectors of economy including IT, Banking and insurance, Analytics and consultancy, credit rating, digital marketing and marketing research, micro finance, etc.

I congratulate the dear graduating students and their proud parents. It is a great day, one we have been planning and waiting for. It is gratifying to look at all the familiar faces of class of 2015.

My dear students, in many parts of the globe convocation ceremony is called commencement. It is a unique moment to look through the memory lane of the years gone by and also to look ahead at your dreams.

The great Chinese philosopher Confucius once said,” By three methods we learn wisdom: first by reflection, which is noblest; second by imitation, which is easiest; and third by experience, which is bitterest.

I have also contemplated on my life and career and felt that a few thoughts might be of some relevance.

Firstly, Graduation is not the end of learning. In fact, your onward journey is bound to provide ample situations necessitating validation of the utility of past learning in grappling with the problems encountered in daily life, both at work and beyond. In the light of your experience you have to initiate the process of unlearning and relearning.

It must be appreciated that all forms of education and knowledge is aimed at making life more meaningful and productive. We have made all possible efforts to share with you knowledge and skills and trained you in the art of knowing the unknown and dealing with it deftly.

Secondly, in the coming years and decades many things will change. You may switch over to a new company with a different profile. Your superiors may be professionals with markedly different skill set with wide variety expectations from you.

The nature of challenges in the market place may undergo huge transformation swinging from buyers’ market to sellers’ market, from domestic market to global market, from boom to burst and so on.. In this ever changing scenario characterized by hope and despair, a few things will always be helpful.

The keen desire to add value by being an effective team player, a leader, a researcher ,an analyst- all rolled in to one with an infinite capacity to adjust, negotiate, reconcile and innovate  are some of the attributes of successful professionals .  You must strive to remain relevant in all situations.

These qualities will endear you to all people you would come across in your long and versatile career.  My dear students please appreciate that every change presents opportunities. Develop the third eye of wisdom which would enable you to discern opportunities in every challenge.

I am sure our Chief Guest would touch upon this subject during his Convocation Address.

I wish the graduating students all the very best in all their endeavors. You would be our ambassadors for all times to come.

Today you also graduate from being a student to becoming alumni. We value our alumni as much as our students. We would be very happy if you continue to be in touch with us. Many of our alumni visit their Alma meter as guest speakers; share their experience and success stories. They become a highly credible and perennial source of inspiration for the students.

I once again extend a very warm welcome to our Chief Guest, Guests of honor and all those who are a part of this great ceremony.