Things To Get Excited About Starting Your PGDM at IILM

Guest Blog, IILM Stories29 JuneCharu SharmaIILM PGDM, MBA, New Batch, New Session, Orientation Day

New academic session for PGDM batch 2016-18 is just around the corner. We are absolutely excited to welcome you all.

Before the session begins, there are things you ought to know about IILM as a premier B-School. You will be left overwhelmed with all the excitement awaiting for you on campus

1. Welcome To IILM Campus – We Are So Very Glad You Chose Us

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2. Alumni Network – You Are Stepping Into Big Fat IILM Alumni Family With Over 9000+ Members

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3. Top Notch Companies On Campus – Get Ready To Work With Your Dream Company

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4. Best Faculty On Campus – Walk Along With Your Guiding Light On Campus At Every Step

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5. Global Study Program – Learn Business At International Destinations

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6. Centrally Located Campuses – Your Safety And Security Is Important To Us

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7. Conferences On Campus – You Chase Your Passion, And Find Happiness With Others

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8. Annual College Festival – IILM iFest. Brace Yourselves For The Show, Folks

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9. International Faculty At IILM Campus – It Is Time For Some Business Lessons From International Scholars

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10. What’s Happening On Campus? – PRME, Global Thinker Award, Tedx, IILM Alumni Meet Up, Annual HR Conference , Entrepreneurship Conference, Recruiters Network Meet, And More!

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It Is Brexit : United Kingdom Votes To Leave EU. How It Impacts India?

General Blog, Guest Blog24 JuneCharu SharmaBrexit, Britain, Economy, EU, India, UK Elections

Announced and confirmed, it is Brexit. The referendum declares Britain’s exit from the 20 member European Union. It will certainly ripple the global economy and markets, may be in just a blink of an eye. But the question now lingers, will Brexit impact India? If yes, will be on the negative grounds, or positive?

In an article in The Wall Street Journal , Grer IP termed the possible exit of the UK from EU as “the starkest repudiation yet of the postwar consensus favoring ever – deeper global integration”

“A further unraveling would undermine global growth prospects already clouded by aging populations and miserable productivity,” he said in the article.

Indeed, Brexit will have a deep impact on the global economy and in turn on India –

1. The Relationship Of Trade, Export And Import Between India And UK

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In the last five years, the trade has been more or less stable. The figures of India – UK Bilateral trade are considerably going on a much settled note. Since the two-way trade between India and the UK has been fairly stable, the impact is likeyly to be minimal in this area.

In an article, Biswajit Dhar, a professor of economics at the Jawaharlal Nehru University (JNU) stated “Britain’s exit from the EU probably won’t have any significant impact on this”

2. India Is One Of The Largest Source Of FDI To The UK

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India invests the maximum in UK than in any other country. According to Deloitte, as stated in an article, “There are an estimated 800 Indian owned businesses in the UK, including companies like Tata Motors (Jaguar Land Rover – UK Company) with more than 110,000 employees. Further, the UK is also India’s largest G20 investor,” it said.

FDI getting effected by Brexit is an inevitable impact on India.

3. What About The Companies And Profits

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UK is the maximum revenue generator source for Indian companies. Maximum of Indian businesses choose to establish their European offices in the UK, to gain the flexible working operations in the UK and to avail the benefits of staying in Europe. Removing this gateway would be problematic for Indian businesses in the UK, who may choose to relocate and direct investment someplace else.

Nasscom recently in an article said a Brexit will have a negative impact on the $108 billion Indian IT sector in the short term. However, it said the exact nature and extent of the impact will emerge over a longer period of two years or more.

4. Status On Currency And Markets

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Wait for the snowball effect on India, as UK and the US takes the major hit back with currency downfall. This might be due to foreign investors winning over their losses by sell-offs in emerging markets, including India. Global market volatility will be certainly expected, the pound will depreciate against major economizes. Hence, India cannot escape from this, Sensex and Nifty will tumble in the short-run.

“For India, it would be more of a reaction to global news, which does not affect it directly to a large extent, except possibly some of the corporates which have large exposure to UK. Post the knee-jerk reaction, we may again get on track due to benign domestic factors,” said Ambareesh Baliga, an independent equity markets analyst.

5. All About The Commonwealth, Travel And Workforce

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Britain will always need a continuous inflow of talented workforce, and India has been generating the needs due to its English-speaking population. Migration from European boundaries will be drying up, Britain would will certainly reach out for migration from other countries, which will suit India’s interests.

The UK is one of the most popular destinations for Indian tourists going to Europe. Further, Britain is one of the most important destinations for Indians who want to study abroad. With Brexit, the universities will free up funds and scholarships for students from other countries, just not limited to EU.

References :
Vox World
NDTV

Top 5 Achievements Of Raghuram Rajan As RBI Governor

General Blog, Guest Blog10 JuneCharu SharmaAbout Raghuram Rajan, Achievements Of Raghuram Rajan, Achievements Of Raghuram Rajan As RBI Governor, Central Bank of India, Economy, News 2016, Raghuram Rajan, RBI, RBI Governor

Raghuram Rajan is the 23^rd Governor of RBI, the central bank in India. He assumed charges on September 4, 2013. During his stint of almost 3 years, there are some commendable highlights of his contribution in the financial system that is hard to look by.

Here are his top 5 achievements as the RBI Governor – a financial master who is willing to take challenges head on, following facts and numbers about his work is certainly a hard look away.

1. Inflation

Rajan is known for his primary focus on curbing inflation. His biggest achievement is that he successfully brought down retail inflation to 3.78% in July 2015 from 9.8% in September 2013 – the lowest since the 1990’s.

2. Consumer Price Index (CPI)

Under Rajan, the RBI adopted consumer price index (CPI) as the key indicator of inflation, which is the global norm, despite the government recommending otherwise.

3. Strengthen Forex Reserve

India’s Forex Reserve is now stronger by about 30% than it was two years back. During the recent depreciation, Rajan said the central bank has Forex Reserves to the tune of $380 billion, which is a comfortable level, and would intervene if there was a need.

4. New Bank Licenses

Under Rajan, two universal banks have been licensed and eleven payment banks have been given the nod. This is expected to extend banking services to the nearly two-thirds of the population who are still deprived of banking facilities.

5. Futuristic

Rajan has made an immense contribution to the field of economics, the greatest being his prediction of the economic turmoil in the US and Europe during 2008-2012. The prediction cemented his position among some of the greatest economists of our times.

RBI Governor, Raghuram Rajan, Economy, Central Bank of India.

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Most of his reforms and policies are being praised highly. However, Rajan has been criticized on interest rates and inflation issues. He is known for his forward and practical approach as an instrument in battling the inflation which plagued the nation when he was designated the role of RBI Governor.

Jens Karbo : From Denmark To IILM

Guest Blog, IILM Stories29 AprilCharu Sharma

I recently visited IILM as a guest lecturer. It was my first visit to India in general and the experience was absolutely amazing – both from a personal and professional perspective.

I was teaching “Competing Globally” for post-graduate students and particularly a subject like that is inspirational to teach in an international and cross-cultural setting. As a Dane I come from a tiny country with a small economy and a very homogeneous society. India on the other hand is one of the world’s most dynamic economies and one of the big players globally and much more diverse. It was very fruitful for me to exchange ideas about the global economy, international business etc. with both students and colleagues alike. The main aim as an educator is obviously that the students learn from you, but personally I see it as a bonus if I can learn from my students as well. The very bright post graduate students taught me a lot of things that I take with me back home to Denmark. Their knowledge about India’s role in the world economy, dealing with India from a cultural perspective and specific Indian companies and cases were particularly beneficial and useful for me. The students were very engaged and knowledgeable and had one of the most important values at all: curiosity.

I would like to thank both the students and the faculty for their great hospitality during my visit. You feel very welcome as a guest lecturer. During my stay the Distinguished Global Thinker Award was given to Professor Ashish Nanda. It was very interesting to take part in the award ceremony, hear his lecture and the Q&A session afterwards…AND to taste all the delicious Indian food in the garden afterwards. Generally I believe that exchanges like this are mutually beneficial, but in particular within the area of business in this era of globalization.

I stayed at the Gurgaon Campus whereas the teaching was carried out at the Lodhi Road Campus. Both the accommodation and the very helpful staff at Gurgaon made me feel “home away from home”, and my colleagues at Lodhi Road were very hospitable and inspiring to exchange ideas with.

From a personal perspective I had the chance to visit both Agra and Jaipur, which were great experiences. I look forward to visiting India again sometime in the future.

Jens Karbo
Senior Lecturer
Business Academy Aarhus
University of Applied Sciences

From Denmark to IILM – Prof. Soren Ipland from Business Academy Aarhus University

Global Study, Guest Blog15 AprilSoren Ipland

My visit at IILM was very inspiring on both a personal and professional level and the hospitality was extraordinary. The students in my classes were pro- active and took great interest in the topic of Digital Communication. I gave lectures for both UG and PG, and i was enthralled to encounter the students were very interactive and eager to learn.

I met a lot of inspiring professors at Lodhi Road Campus that all took interest in my visit. This gave me the opportunity to associate myself with interesting people and left me with a clear picture of IILM as the top university, with a magnificent staff of professors.

I commuted to Lodhi Road campus from Gurgaon for daily lectures with ease traveling. Things were quite hopeful in both the campuses.

While at ILLM I had the opportunity to take part in the Global Thinker Award ceremony for Mr. Ashish Nanda. A part from an interesting meeting with Mr. Nanda the ceremony also included a variety of delicious food tastings, as well as the experience of taking part in an event grounded in the very interesting Indian culture.

During my stay in India, we visited the beautiful sight of the Taj Mahal, as well as the city of Jaipur. The days in Jaipur was during ’Holi’, giving us a unique look into the Indian culture. The practicalities of both trips was masterfully taken care of by staff at IILM.

My wife joined me at my first week at IILM and the fantastic hospitality giving to me also included her. We were both invited to join professors and other guests to see a musical at a beautiful nearby location, again a unique experience and look in to Indian culture.

I can only emphasize my stay at IILM as a fantastic and an enriching learning experience.

– Soren Ipland
Business Academy Aarhus University, Denmark.

OffBeat Professions After MBA!

Career Development (Placement), Exam Watch, Guest Blog08 AprilCharu SharmaAfter MBA, become a Wedding Planner, IILM Blog, MBA Degree, profession of Photography, Professions After MBA

“Your work is to discover your work and then with all your heart to give yourself to it”  – Buddha

It is a fact that a degree in Business Administration gives you a holistic learning; it has certainly become a pre-requisite quality to handle the complexities of any management set up, or a profession. In this attainment of completing higher studies, and earning an MBA Degree students often let go off their passion.

Do you ever find yourself longing for something to happen while you do a long term planning keeping the rights and wrongs inside your head. In this age and time of creativity one cannot afford to lose his or her passion for conventional lifestyle to live for the rest of their life.

Major change that has emerged in this market is the rise of unconventional professions that a lot of youngsters choose to practice, and surprisingly earn fancy amount of money. Youngsters today are flexible to take up ‘thrilling jobs’, reasons could be because traditional careers have become competitive and lack creativity. It is amazing to even release that WHY one should take up an off-beat profession after MBA. Foremost reason could that an offbeat career path will be less competitive and there’s a greater chance of getting recognized and being able to make a difference. These careers may give you great satisfaction, and most importantly at the same time it will pay you every worth back.

So, what are some of the off-beat yet rewarding career choices out there? We look at top 5 off-beat profession that one can opt after MBA –

Blogger – From traveling to food, or fashion or social issues, it is today’s every writer’s dream to go a full time blogger and share their wonders online with every reader. In this age of social networking, blogging has become one the most popular medium to connect with the audience and followers online, connecting people globally over anything and everything.

Photographer – In this digital age, visual selling is the key to go forward. There are many versions in the profession of Photography. One can easily learn the technique of right p-photography and associate oneself with corporates and startups to sell the services as per requirements.

YouTuber – YouTubers are people who believe in the power of creating something unique and spontaneous. They create their own YouTube channels, vlog (video blog) regularly and build subscribers over time. The more traffic their channel gets, the more opportunities they have for percentage-based advertising revenue, freebies for review purposes, promotions and partnerships.

Wedding Planner – If you are good at networking, negotiating and managing events, or parties you could become a Wedding Planner. They are called as Bridal Consultants, they primarily help couples plan their wedding. They are either self employed or associate themselves with with companies, brands and firms on projects.

Theater Management – A theater manager is required to take up the sole responsibility of managing the administrative components of any theater set up, and also keep the networking as needed . It is an extensive job to manage the the entire system of shows and events. The management majorly depends on the size of show, or play. One is expected to be passionate about theater.

You should do more what you love, one cannot ignore these words if you are planning to make your passion as your a career path.
Share some of your inner passions with us that you wish to take up after your MBA.

E-Commerce – A Buyer’s Paradise

General Blog, Guest Blog01 AprilViven NarangE-commerce

In this day and age of online world, online selling is the key to go move ahead in the market to make a mark. Yes, even the most mediocre product has 100% chances of receiving a buyer, a worth taking buyer. It is a fact, once the product is made and the producer can only raise the bar of creativity within its reach. The question here is how to push a mediocre product online?

The answer is in the era of E-Commerce, a mediocre product sells like hot cakes. A product of any kind traditionally passes through different stages of Marketing and Selling, in this passage a mediocre product can have a less probability of getting potential buyer. Hence, in this online world the social media marketing works like an investment itself.

A seller job is to sell a product with mediocre quality to the most satisfactory level for both the buyer and seller. As a Management student, following are top three selling essential to keep in mind –

1. Sell It Graphically –

We need to display our mediocre product look best. By this we can make our customers feel that our product also has some value. We need to have nice collection of high resolution photos and photos should be unique which will show that the product being marketed is also unique. Involve yourself.

2. Focus On Uniqueness –

We should remember the difference between the mediocre product which is marketed online and its competitor superior product. Even if the product has very minute difference, such difference should be highlighted as it can make a significant difference. And even our product’s features are not different technically we can mold them in such a creative way that it attracts new shoppers.

3. Pick Wise Brand Management –

Target your ad’s means advertising your ad’s to consumers. For this the marketer require advanced and experienced team who knows how to target and maximize result. Online advertisement and social media presence help the consumers to learn about the product. If the marketer thinks that the product being advertised is not suitable for everyone so he should find out best audience for your product and target them.

4. Keep Your Buyers Engaged –

Best way to increase buyers to portray what they want to see, hear and buy. Be flexible in terms of making an image of your product on virtual world.

Life at IILM Campus

Alumni, Campus Life, Guest Blog, IILM Stories, IILM University23 MarchBharti Goelblog IILM Campus, IILM Blog, IILM Campus life, Life at IILM Campus

I, Bharti Goel, an IILM student pursuing PGDM course, 2015-17 batch.

It feels great to be a part of this esteemed institute. It’s not just a place which encourages us to dream big rather it’s a place where dreams come to life. The academic curriculum here is designed to give us umpteen opportunities to hone our skills especially the managerial expertise and help us evolve into and overall better individual. Furthermore, the spotlight of the course is the foreign exchange program.
During the inception of the course, students are drive to foreign countries as a part of foreign exchange program which helps concretely to provide exposure to outside world and be trained of culture and work environment there . In addition to it,Myriad of team building activities are held in our college which imbibes in us the importance of being a team player and makes us realize our core competencies. Our college encourage students to come up with new ideas and provides all the necessary help required by the individual in implementing that idea and bring it life. It really helps us to boost our confidence and sharpen our entrepreneurial acumen.

In today’s ever growing competitive world, it is essential for students to have the insight into current best industry practices. Our college realizes the necessity and organizes regular guest lectures from industry experts helping us to learn the current industry trends, best practices followed which gives us a beforehand experience of the future responsibilities that we are going to handle.

The faculty members here are highly erudite and ready to lend a hand. . It’s not just the learned information given to us but also they direct us to pertain concepts practically in the real world scenarios. The professors here take abounding efforts to endow us with utmost acquaintance through videos, ppts, articles,case studies. Moreover, there is a provision for faculty to reside in hostel which is all the more constructive when it comes to clearing any doubts. Faculty members staying in hostel are very cooperative and amicable.

We have a great campus with best infrastructure facilities available. The hostel is very comfortable with all the necessity amenities. It feels like home and at times you forget that you are not in hostel. Every hostel staff member is very cooperative like the guards are always there to help us whenever there is a need. Moreover the food provided is very nutritious and hygienic. Regular exercise sessions and yoga sessions are scheduled for us to ensure our good health

I have realized I can be anything in life and IILM is the place which exhorts you to live your dreams and follow your passion!

~ Bharti Goel
Batch of 2015-17
#LifeAtIILM

Alumni Engagement – Guest session by an alumni in the HR panel discussion

Alumni, Campus Life, Guest Blog, IILM Stories18 MarchDr Radhika Madan

A HR Panel Discussion was held at IILM Gurgaon Campus on the topic “Working Agile – Understanding Workplace Changes and Adapting to them” on 11th March, 2016.

The speakers for the event were Mr. Shailesh Sigh, Business Head, People Strong HR Services and Ms.Vijaya Singh, Analyst, Gerson Lehrman Group; an alumni of IILM Gurgaon campus, batch 2011 – 13

The speakers shared their views on agile/flexible workplace strategy, resistance for change and solutions, how to adapt to changes at the workplace.

Our alumni, Ms. Vijaya Singh shared her experience as she progressed from college life to corporate life and how she managed this transition. She discussed how “agile working” is not new, but it is a “new way of working”. It can certainly be included under the umbrella term “smart working”, which is about utilizing the benefits gained from changing work practices, deploying new technologies and creating new working environments.

She also shared that one of the reasons agile working is difficult to pin down is that it’s not prescriptive – there is no one size that fits all – it has common themes but is essentially individual and involves choice in the how, what, where and when of working. The session was very interactive and was a great learning for the students. The students have asked for more such discussions from industry experts

Ms. Vijaya, prior to working with GLG has worked with Towers Watson for almost two years as Research Associate and has done her internship at Colliers –International and Dawn & Delight in the HR domain

She was very happy to come back to campus and share her experience with the post graduate students and is willing to come back for more such sessions and discussions and help in preparing the students for internships. She will also help us connect with Towers Watson for SIP and final placement

The Art of Staying Positive

Exam Watch, Guest Blog15 MarchSajib Dharhow to be positive, how to Staying Positive, positive thoughts, Staying Positive, The Art of Staying Positive

There are times we feel surrounded by negativity. Life seems difficult and we get unfocused from our goals. Let’s keep ourselves motivated and charged up with five simple thumb rules to keep negative energies at bay.

1. You will get what you expect – Expect something great to happen for you every day and it will. Say aloud each morning facing the mirror, “I expect something good to happen for me today!”

2. Stop worrying about ‘I Cannot’ focus on ‘I Can’ – Some things are within your control, while other things are not. Learn to recognize the difference. Refuse to worry about circumstances beyond your control. Don’t allow yourself to become emotionally entangled it will paralyzes your progress. Things may not always work out perfectly, but the sooner you get over them. Only you can control your own actions and reactions.

3. Stay surrounded by positive vibes & people, only – If you fill your mind with uplifting and inspiring information, it will keep you motivated. Go to the bookstore or library and find at least one book on a positive topic that will give you a boost. Be with people who acts and think positive.

4. Learn from your mistakes – Committing mistakes is very natural; the key is to learn from them and keep on moving. Make a habit of regular self-evaluations and examine how you handled situations and what you could do differently next time.

5. Make a plan – There is a very popular saying: “If you fail to plan, you plan to fail.” When you take time to plan, you allow yourself to think through the entire process from beginning to end. This can spark ideas, improve productivity and ensure a great outcome. Once you have a written agenda, you are immediately going to be motivated to accomplish it. Without one, you have nothing to run with and end up feeling stuck. Write out your to-do list the night before. Identify the three most important things that you must accomplish the next day and start with those first.

So, how art are you today? Share your day to day positive tonic stories with us.