All important aspects of MBA Program to Build a Flourishing Career

Education plays a crucial role in personal development as well as nation development. You'll see all the developed countries in the world have an excellent education system in place. India in spite of the many hurdles is making substantial progress in the field of education, particularly higher education like engineering, MBA and medical. Though there is still scope for improvement in the primary and high school education, the college and university education has got a facelift with the addition of thousands of professional programs that meet the skilled manpower requirements of different sectors. The scope for Master in Business Administration or MBA in India is vast nowadays.

Having an MBA degree in the current job scenario is both remunerative and productive in terms of career growth. Therefore, the number of management graduates has been increasing at a fast rate year after year. As India is now home to countless domestic and multi-national companies in cities like Bangalore, Chennai, Hyderabad, Delhi, Noida, Mumbai, Pune and Kolkata, an MBA in India can offer you unlimited career opportunities. Whether it is the core sector, IT sector or retail sector, the efficient management of business operations to earn profits is the eventual goal of every business concern. Here, management graduates from top MBA colleges in India come into play. These industry-ready professionals have received world-class training with strong emphasis on solving real-life problems.

Other notable benefits of acquiring a management degree are high compensation packages, strong networking by mingling with renowned entrepreneurs, business experts and leaders, thorough understanding of business processes, technologies and trends, and flexibility in education in the form of full-time, part-time, executive, online and distance MBA programs. An MBA in India can be pursued in globally accredited institutes such as Indian Institutes of Management (IIMs), XLRI-Jamshedpur, FMS-Delhi, SP Jain Institute in Mumbai, etc.

If you'll consider the management education market in the country, it presents a staggering figure of more than Rs. 35 billion by mid-2010. It has been growing at a rate of approximately 12% in last three years. Presently, the number of business schools in India is above 1,750, including government and private institutes, distance education providers and foreign education providers. Every year, these business schools are producing more than 100,000 management graduates to satisfy the demand of diverse industries. But, this number is not sufficient in comparison to the mounting demand of MBA in India. Numerous companies have also raised the issue of lack of adequate manpower for their growing operations.

Students who aspire to pursue various management courses in top colleges need to appear for a number of entrance exams like CAT, MAT, etc. The Common Admission Test (CAT) is intended for students who want to get an admission into IIMs in Ahmedabad, Bangalore, Kolkata, Lucknow, Kozhikode, Indore and Shillong. This examination is one of the toughest ones to crack, so students have to do some serious preparation. The minimum eligibility criterion to take admission is a 3-year Bachelors degree or equivalent in any stream which must be recognized by the All India Council for Technical Education (AICTE) or the Association of Indian Universities (AIU). The CAT exam is an aptitude test having no fixed syllabus. However, the questions are principally asked from verbal ability and reading comprehension, quantitative aptitude and data interpretation and data sufficiency.

5 benefits of sound and clear-cut policies for effective management

Sound and clear-cut policies provide he following benefits:

1. Quick Decision:

Policies speed up decision-ma king at lower levels by providing a framework within which decisions can be made. Policies provide guidelines which help to keep toe activities of the organization on the proper lines. Policies reflect the intentions of top management and the behavior expected from subordinates.

They set up broad limits. for exercise of discretion and judgment. Subordinates need not seek approval for each and every individual action in repetitive situations.

A policy helps to clarify objectives by elaborating the way in which goals are to be achieved. Policies foster initiative and future thinking. They serve as ground rules for operating plans. They ensure a steady course of action. Policies predefine issues and avoid repeated analysis thereby saving time and effort.

2. Better decentralization:

Well-denned policies are the main instru­ment for the delegation of authority. Policies provide guidelines for action so that subordinates need not consult their superiors frequently. Policies facilitate communication and executive development.

"Policies provide guidelines to the delegate in order to help him in determining what appropriate action to take and what action will be within the limits of the stated policies.

In effect, a policy informs the delegate what is to be attained by making known the general course of action to be followed."Policies make actions of organizational members predictable.

Need for close supervision is minimized. Policies serve as a safeguard against the improper use of authority by the delegate.

3. Effective coordination:

Sound policies facilitate unity of efforts and uniformity of action by focusing attention on organization goals. They are helpful in securing unified action in various units of the organization.

They ensure that the actions of officials at different times are consist­ tent. They promote intelligent cooperation. The fabric of organization is bound together by the wrap and woof of policies.

Thus, policies have a considerable contribution to make to coordination of individual efforts and diverse activities.

4. Simplified control':

Policies help to prevent unwarranted devia­tions from planned course of action. They provide a rational basis for judging the actions and behavior of subordinates.

By setting up policies management ensures that actions taken by subordinates will be consis­tent with the goals of the organization. Policies also facilitate "manage­ mint by exception'.

5. Realization of objectives':

Policies serve as the means for accom­plishing desired objectives. They give a practical shape to objectives by elaborating the way in which goals are to be achieved. The abstract state­ment of objectives gets translated into concrete terms when policies pro­vide guides to thinking and action.

To sum up, "policies tend to predefine issues, avoid repeated analysis and consideration of general courses of action and give a uni­fied structure to other types of plans, thus pointing managers to dele­gate authority while maintaining control."

Attitude

"Attitude can be defined as a state of mind or feeling regarding the situation. A positive attitude will mean that it is a helpful attitude that will help the person in a physical state or emotional state. A person who has a positive attitude will be able to look and find opportunities in a situation when the others are not able to spot it. Those who have the positive attitude will always focus on finding the solution for the problems whereas those who have the negative attitude will always focus on the problems but not on the solutions."
"You heard from many people and read from many books that having a positive attitude is very important as it is a foundation towards success and it will makes your life easier. But the reality is that in your life, you will sometime face some problems and difficulties. Your surrounding will not help because you will face with a lot of people who has negative attitude and the media is always full of negative things. So what kind of people that you always associated with play a part on whether you will have a positive attitude or not and decided on whether you will reach your goal or not."

Certainity of success......

Are you just trying your luck at succeeding in life and not sure whether you will actually get there? Is doubt and unbelief haunting you and preventing you from making the most of your opportunities life?

If you doubt your ability to achieve or get something, chances are you will not no matter how hard you try. There is something to be said about the power your mind yields on the results you achieve in life. The battle is not won or lost based on circumstances or fate. The battle is won or lost in the mind. 

I have seen it at work many times. One such case, I remember well, was when we decided, with a friend of mine who is also a student of management, to join the military. We had some idea of the rigours of military training and had heard stories of people that had attempted it and failed or quit. But, and this is the crucial thing, before we joined we never once discussed the possibility of failing. We never once made any plans or allowance for failure. We had decided to join the military and as far as we were concerned only 6 months of military training lay between us and getting to be officers in the air force.

I was quite surprised that many people I told the news were very negative about it. They said how difficult military training was and how much pain and suffering we would be put through. The sleepless nights, physical exhaustion, hard labour and all that we would go through were all emphasized. Only one or two people saw the end from the beginning. They saw us becoming officers. 

It was so bad that by the time we got to the military academy I was all too aware of what awaited us. But, and this is the crucial thing, failure was still never on my mind. I went there to get into the military. There was only one outcome possible – becoming an officer. I saw this very same determination in my friend whom I had gone with.  

We were both not much to admire physically. I was thin and with my glasses on rather nerdy looking, and he was on the shorter side. It was no surprise that many expected us to quit after a few weeks. When we got to the military academy we found that there were plenty of people around that looked very impressive physically.

I remember thinking how easy the training would be for them. I was wrong. A few weeks into it the strain and stress began to take its toll. Some of the people that looked the strongest due to physical prowess, started to show weakness. It was not a physical weakness, but a mental one.

You could hear it in their talk. You could see it on their faces. They were defeated mentally. Complaints, discouragement and uncertainty were evident in them. Not surprisingly, quite a few of them quit or ran away. My friend and I began to notice this and we would avoid spending time with them. We continually encouraged each other by thinking and talking about what we would achieve at the end of it all. 

Through the military training I came to see that same determination in others that ultimately made it. For the most part, they were people that never thought about failure. Even in the hardest of conditions and circumstances they kept positive. In fact it seemed that the harder things got, the more determined they would become. It was a first hand lesson in human nature and success. To this day, I have a lot of respect for all the great people I was privileged to be with in military school. They were certain of their future and certain of their ability to pull through.

But the greatest lesson I learnt was from those that did not make it. It was clear that for all of them one thing was true: they doubted their ability to succeed and they lost track of what they had gone to the military academy for. The inability to see past their present suffering and hardship was ultimately what caused them to fail. 

Analysing all the times when I have experienced outstanding results in any endeavour the one thing that stands out is that there was a certainty of success. It is a certainty that is totally oblivious to failure. It is a certainty that knows that difficulties and setbacks may come, but the ultimate end is victory and nothing else. It is a certainty that puts your mind at ease. It is that still, small, but clear voice in your mind that says “everything will be okay.” It is almost as if God himself is speaking to you and telling you to “have faith.”

William Lyon Phelps said “If you develop the absolute sense of certainty that powerful beliefs provide, then you can get yourself to accomplish virtually anything, including those things that other people are certain are impossible.”

You need to be certain of the fact that success is as attainable for you as it is for any man. Furthermore, know of a certainty that regardless of how long it takes and the obstacles you may face on the way, you will live a successful and fulfilled life. Never once doubt this. Thomas Carlyle advised that “One must verify or expel his doubts, and convert them into the certainty of Yes or NO.” The only answer for you should be “yes.” You can and will make it.

what we want to do.....?????

WHAT WE WANT TO DO…..?????

I study management at plus two level (Finance + marketing) and finance is my favorite subject. Like any commerce student coming out from school. I hope to become a CA, but when I know the scope of management and about IIPM, I suddenly thought of taking the admission in IIPM because it have some extent academic quality on my part that I could enter any of the campus, it has 18 institute in India yet. I had missed out on joining IIPM Delhi due the economic condition of my family. This was my life’s first rude and cruel shock.

But I like most things in life, there is something else in horizon. I managed to take admission in IIPM Bhopal, pursuing integrated programme and gaining global exposure to the finance and all management subjects for the first time. I began the thoroughly enjoying the subjects so much, so that I start on a business studies book, finish it one sitting and appear for the exam the next day.

In that one year, I realized that programming and coding was not my cup of tea but that I thoroughly enjoyed the sales and marketing aspect of business so much. So that the teachers also helps us to increasing the knowledge of all the students.

It is during this time that I decide to pursue the integrated programme from IIPM along with global exposure. I appear for the many coaching institute for CA but I finally opted for the integrated programme from IIPM with dual specialization. Where I joined the integrated programme in marketing and finance from the centre of management education. I do both these programme (BBA+MBA), I am gaining in valuable work experience in the industry.

In the final analysis, I personally feel that it doesn’t matter what profession or qualification we choose, but it’s important to know what it is we want to do. Try and do something we are genuinely interested in. Realize  your calling in life as soon as you can and plan your profession, qualification accordingly, but remember-“no matter what we do, we need to be amongst the best; mediocrity has no place in life”

Author- Harsha ramani

IIPM Bhopal

Mob.-8962127377, 9907571646

succes is easy, so is neglect........

People often ask me how I became successful in that one year period of time while many of the people I knew did not. The answer is simple: The things I found to be easy to do, they found to be easy not to do. I found it easy to set the goals that could change my life. They found it easy not to. I found it easy to read the books that could affect my thinking and my ideas. They found that easy not to. I found it easy to attend the classes and the seminars, and to get around other successful people.

They said it probably really wouldn't matter. If I had to sum it up, I would say what I found to be easy to do, they found to be easy not to do. One years later, I'm a millionaire and they are all still blaming the economy, the government and company policies, yet they neglected to do the basic, easy things.
In fact, the primary reason most people are not doing as well as they could and should, can be summed up in a single word: neglect.

It is not the lack of money - banks are full of money. It is not the lack of opportunity - America, and much of the free World, continues to offer the most unprecedented and abundant opportunities in the last six thousand years of recorded history. It is not the lack of books – libraries are full of books - and they are free! It is not the schools - the classrooms are full of good teachers. We have plenty of ministers, leaders, counselors and advisors.

Everything we would ever need to become rich and powerful and sophisticated is within our reach. The major reason that so few take advantage of all that we have is simply, neglect.

Neglect is like an infection. Left unchecked it will spread throughout our entire system of disciplines and eventually lead to a complete breakdown of a potentially joy-filled and prosperous human life.

Not doing the things we know we should do causes us to feel guilty and guilt leads to an erosion of self-confidence. As our self-confidence diminishes, so does the level of our activity. And as our activity diminishes, our results inevitably decline. And as our results suffer, our attitude begins to weaken. And as our attitude begins the slow shift from positive to negative, our self-confidence diminishes even more ... and on and on it goes.

So my suggestion is that when giving the choice of "easy to" and "easy not to" that you do not neglect to do the simple, basic, "easy"; but potentially life-changing activities and disciplines.