Working hard for your MBA? These key points can lead you ahead in Business Management

Working hard for your MBA? These key points can lead you ahead in Business Management

There is always a constant debate when it comes to factorizing a new business idea- either stride into it or pick an MBA before doing so. Choosing the former, after gaining a professional experience in IT for two years, I ventured into start-up space along with a bunch of friends.

Despite earning a fair number of returns, must say that opting for a one year MBA program to enhance my managerial skills turned out to be the best decision so far.

Benefits of Business Schools

It is true that a B-School experience gives you that extra edge:

  • More than what you read from a textbook, it provides you an open platform
  • Learning from the experts directly
  • Exposure to meet and interact with industry professionals
  • An opportunity to network
  • Work on assignments
  • Live chat sessions
  • Case studies and group discussions
  • Entrepreneurship lessons across sectors
  • Ability to put out a business plan with a 24-hour deadline

So, is that all? No.

In fact, the most important and real-world lessons come after adapting these above-mentioned advantages that lead you to go beyond and look ahead of the curve once you step into corporate or entrepreneurial venture i.e., how to prepare and execute an idea to stimulate the business further.

Be an existing or budding entrepreneur or those who wish to climb up the ladder in an organization, an MBA degree has its own stand point. The initial stage of the one year MBA programme exposed to mild and crisp details of all the courses available, now, halfway through it, I have a holistic view of business that helps me see the bigger picture.

Here are some of the key takeaways which I am sure most of you out there would be able to relate to or begin to look at Masters of Business Administration from a different perspective:

Research:

Research has always been a primary part of any business. Before pitching for new business/ or product launch, a thorough ‘Market Research’ should be executed.

A strong knowledge and how to nurture these skills are provided hands-on if you are in a B-School as it helps in identifying the risk factors, sales targets, understanding and improvising customer relationship and keeping a track on brand reputation, in turn, eventually leading to growth in business.

[“source=vogue”]

Working hard for your MBA? These key points can lead you ahead in Business Management

Working hard for your MBA? These key points can lead you ahead in Business Management

There is always a constant debate when it comes to factorizing a new business idea- either stride into it or pick an MBA before doing so. Choosing the former, after gaining a professional experience in IT for two years, I ventured into start-up space along with a bunch of friends.

Despite earning a fair number of returns, must say that opting for a one year MBA program to enhance my managerial skills turned out to be the best decision so far.

Benefits of Business Schools

It is true that a B-School experience gives you that extra edge:

  • More than what you read from a textbook, it provides you an open platform
  • Learning from the experts directly
  • Exposure to meet and interact with industry professionals
  • An opportunity to network
  • Work on assignments
  • Live chat sessions
  • Case studies and group discussions
  • Entrepreneurship lessons across sectors
  • Ability to put out a business plan with a 24-hour deadline

So, is that all? No.

In fact, the most important and real-world lessons come after adapting these above-mentioned advantages that lead you to go beyond and look ahead of the curve once you step into corporate or entrepreneurial venture i.e., how to prepare and execute an idea to stimulate the business further.

Be an existing or budding entrepreneur or those who wish to climb up the ladder in an organization, an MBA degree has its own stand point. The initial stage of the one year MBA programme exposed to mild and crisp details of all the courses available, now, halfway through it, I have a holistic view of business that helps me see the bigger picture.

Here are some of the key takeaways which I am sure most of you out there would be able to relate to or begin to look at Masters of Business Administration from a different perspective:

Research:

Research has always been a primary part of any business. Before pitching for new business/ or product launch, a thorough ‘Market Research’ should be executed.

A strong knowledge and how to nurture these skills are provided hands-on if you are in a B-School as it helps in identifying the risk factors, sales targets, understanding and improvising customer relationship and keeping a track on brand reputation, in turn, eventually leading to growth in business.

Perception:

Now, from the research data collected, based on the competition and customer feedbacks, a new innovative strategy is conceptualized that will distinguish the brand from other players in the market.

But, before proceeding to this stage, a key point to keep in mind here is Consumer Perception – What your customers actually think about your company? Their experience with your products? etc.

This is exactly where a ‘Marketing management & Strategy’ course comes into play as it educates you with concepts comprising of brand awareness and helps you to reach the desired customer segment.

For instance, nowadays, when I look at commercials, the focus goes on the pitch and strategy part, rather than the making.

Operations:

Overall productivity of business will take place only when operational elements like planning, organizing, monitoring are set in place.

Right from pricing, budget allocations for each department, collecting and collating information, employee management to customer management, ‘Operations’, as a major or elective in a B-school, molds you with theories and practical skills to manage day-to-day activities as the business expands.

Risk-taking and negotiation:

Handling risk is absolutely a critical factor in a business setting because it supports in identifying frauds and deals with crisis management.

An MBA helps you focus on the principles, allows practicing ‘Risk Management’ through case studies, live projects, and how to leverage business opportunities.

It also throws additional light on the local as well as global perspective on the current issues and teaches how to identify and analyze risks within a framework.

The same applies to Negotiation. If you are planning a career in business, then you must be a good negotiator as well. B school learning enables you to achieve that by preparing you with strategies from analytical and behavioral perspective.

Communication & Technology:

One of the crucial aspects used by organizations and business leaders of today is Communication. From writing to positioning one self and the brand, ‘Business communication’ has been taught thoroughly by B schools.

With digital media taking over, institutes are also training students with practical skills that further assists to overcome challenges in the corporate world.

I never felt the need of Analytics, but had my startup expanded, it would have been a must. Now that I have chosen AIMLA (Artificial Intelligence, Machine Learning and Analytics) amongst others electives, it is giving ample exposure to basic concepts of the disruptive technologies that are occurring in the industry.

All the above-mentioned courses are offered under essential ‘core courses’ by MBA institutes across the country.

And, if one is part of an institution that has best faculty quality and business relevance curriculum including the latest tech trends such as AIMLA, he/she can always look over the horizon on what is next and advance ahead.

[“source=indiatoday]

From Layoff At Age 50 To A Career Change And Promotion Within Three Months

This past May, Melinda Chu started as Account Director at IW Group, a marketing agency focused on the Asian-American and multicultural demographics and part of the Interpublic Group of companies. Announcing a new Account Director would normally belong in a press release among advertising firms, but it lands in this career column because it is an unexpected, positive career story: Chu wasn’t in marketing prior to this role; she wasn’t at the Director level in her previous career; and she was unemployed at age 50 before landing this career change. Chu’s successful job search exemplifies several encouraging points for other job seekers:

  • You can bounce back from a layoff
  • You can land a job quickly
  • You can change careers at any age
  • You don’t need to take a pay cut or a step back to change careers

Up until March of this year, Chu was a paralegal at Time Inc for 18 years when she was among the hundreds laid off when Meredith acquired her employer. Longtime active in Asian-American causes, Melinda was on the Board with the Asian Women’s Giving Circle and was a volunteer administrator to the Asian Affinity Roundtable, a collective of employee resource groups serving Asian-American employees of ~60 companies, including Time Inc. She hoped to continue her volunteer work, while looking for her next role.

However, the Asian Affinity Roundtable was for current employees, so Chu figured she would have to step down from the group. She emailed her fellow administrators and offered to stay on. Not only was the group supportive, but several members offered to help Chu in her search. One member introduced Chu to his employer, IW Group, and less than three months from being laid off, Chu has started her new career as Account Director, a promotion and significant salary increase (despite unemployed job-seekers often getting lower job offers) from her previous role.

I networked my way into this job, but I didn’t know it at the time – Melinda Chu

Networking certainly played a pivotal role in Chu’s career change, and this is something all job seekers can do to help their search progress. Here are six more things you can swipe from Chu’s successful job search:

1 – Build your network before you need it

Chu was active in her community and in professional associations, so her network was varied and independent of her current employer. How can you get more involved outside of your immediate area?

2 – Stay active after a layoff

I know other job seekers who isolate themselves after a lay off. If you’re down and need to take some time off, absolutely do so, but you will get more help (and probably feel better) when you’re interacting with others. Chu stayed in touch with her professional groups after her layoff. Who can you reach out to during your job search?

3 – Focus on adding value

Chu did not email her list asking for help, but instead offered her help to the group. Being generous is the best way to demonstrate your value. How can you be helpful to your network?

4 – Start your career change before it’s official

Chu is passionate about working with the Asian-American community, which guided her volunteer and after-workday commitments. This made her a natural fit for the Account Director role, and now even her day job is focused on her interests. If your day job is not (yet!) focused on your passion, how can you incorporate these interests in other ways?

5 – Use your unique skills and expertise in your job search

Chu is a researcher by background and knows the Asian-American demographic from her outside commitments. She tapped her research skill and existing expertise during the long series of interviews. She didn’t just expect her warm introduction to carry her all the way to the offer. How can you bring your unique value to your job search? Are you practicing and preparing throughout the interview process?

6 – Negotiate based on the new role, not your old one

Too many job seekers look at their current salary, add a small amount on top, and use that as the anchor for their next salary negotiation. In the case of a career change, your old salary is not related to your new one, so you risk completing missing your market. Instead, Chu researched salaries for the new role and at the Director level and was confident enough to ask for a salary based on her new market. Do not assume you have to take a pay cut or a step back to change careers. Are you carrying assumptions from your old career to your new one? Have you researched the compensation and career path of your new target career?

source:-forbes.c

Features You Should Look For In Live Interactive Classes For NEET Preparation

NEET

The Indian education sector has seen a significant growth since the advent of the internet and introduction of technology-based learning. The availability of various digital tools helps the students go beyond the traditional ways while studying hard for the competitive examinations.

Scoring a great result in NEET is getting tough as the competition is increasing at a rapid rate every year. This increased competition calls for hard-core planning to crack NEET. From study materials to the faculty and the learning mode, everything should be weighed well before making a choice. Thankfully, with the increased competition there is also an increase in the methods of learning – one of them being live interactive classes. By opting for NEET 2019 online coaching, students can give their preparation a solid backing while saving a lot of time that goes into commuting. However, before signing up for online coaching, they must look for certain features that make it the best.

Here is a list of features that differentiate between a good and an average online coaching class. Take a look!

Complete Syllabus Coverage

The syllabus of NEET is vast, and every chapter and topic hold great value. Leaving any stone untouched when preparing for NEET can hamper the final score. Thus, it is vital to go for an online learning program that covers the complete syllabus. So, while on a lookout for online coaching classes, be sure of checking whether each subject and topic is given equal time, and the concepts are explained in detail.

Doubt Clarification

The learning process is incomplete without a round of doubt-clarification. When weighing between different online coaching platforms for NEET, be sure of picking the one that offers specifically tailored doubt resolution sessions for the curious students with an aim to help them and provide a platform to grow. Online coaching platforms like Aakash Live offer regular doubt clarification sessions so that all students understand the concepts well and are on the same page with others. With so much buzz surrounding the entrance exampreparations, Aakash Live is undoubtedly a boon for candidates who need a digital learning platform for various reasons.

Comprehensive Study Material

Another factor that you must consider when looking for an online coaching is the quality of the study material. When we say quality, we mean the depth in which the topics are covered and the language used in explaining the concepts. Most of the online learning platforms like Aakash Live offer study material created by industry experts. With such comprehensive and easy to understand study material by your side, you will be able to grasp all the information and knowledge provided by the qualified and experienced faculty with ease. With the best online coaching backing your preparation, you will have access to the most comprehensive yet interactive study material that consists of all the course-wise concepts addressed in a readable manner.

Option to Replay Missed Classes

Another important thing to look for in NEET 2019 online coaching is if they offer the facility of replaying lectures and missed classes. This is especially helpful in cases when a topic is complex, and you are not able to understand it in the first go. With this facility, you can watch any missed lecture from the recorded lectures library repeatedly until the time the concept is not clear. This will also allow you to learn at your own pace and according to your preferred time. Doing this, you will end up saving a lot of time, energy and money which can be utilised in preparing better for the upcoming examinations.

Regular Performance Evaluation

When it comes to online coaching, most parents are doubtful about how the performance of their child will be evaluated. However, online coaching classes like Aakash Live offer the students a platform to compare regular performance with other students through regular tests and All India Aakash Test Series (AIATS). These tests not only help students to prepare for competitive entrance exams like NEET well in time but also allow candidates to assess their strong and weak areas. Thus, when you are planning to go digital for your NEET preparation, look for a program that offers you the chance to assess your performance on a regular basis.

 Live interactive classes are a revolutionary e-Learning program, which provides high-quality education on a digital platform. It bridges the gap for students who have no access to the quality education because of non-availability of a good coaching institute in their area and those who want to study from the comfort of their home.

Furthermore, just like classroom learning, it helps students deal with the competitive examinations and clear them with flying colours. It does not matter wherever a student is from, with online learning, they are never too far from their medical dream. Preparing and training for NEET – one of the toughest exams in India – has become convenient, thanks to the boom of the internet and online learning classes.

source:-Youthincmag