CEO — Now Needs to be Disruptive, a Transformer

– to Reengineer by Creative Destruction

In a post COVID world, the CEO has to revisit the past, reengineer the present, crystal gaze into the future and possibly relook at what to keep and what to let go.

As everyone grapples with COVID which will not go away soon, the business model has to be “Unlocked”. The unlocking will take different dimensions, with different sectors, different regions-countries, and opening up in different ways and at a differing pace. The virus resurgence will likely bring about renewed restrictions.

In situations such as the Great Depression in 1920, the World War II, the Financial Crisis of the 90’s a CEO had to be adept at the P&L, productivity metrics & number crunching, spending time to decide on launches and reenergizing the PLC.

However today these factors are hygiene and the need is the ability to have an extremely high EQ and a personality to integrate with the teams as they get more result oriented, ready to experiment and more tech-savvy.

Integration is required across teams, which now meet on cloud meetings viz — ZOOM, across time-zones, departments with the absence of geographical boundaries. A CEO and an aspirant needs to be ready to disrupt, be tech savvy and highly EQ enabled to manage the emotional upheaval people will go through as everything around them changes — have the intellect to identify trends, be courageous to plan on what to keep and what to let go and be able to handle diversity of thought.

Mckinsey in its article, The Toughest Leadership Test avers “The pressures can seem daunting. Coping with the sudden shutdown of the global economy was hard enough; figuring out how to restart in such an uncertain environment is, if anything, even harder, many told us. CEOs are expected to show “deliberate calm” and “bounded optimism.” Everyone wants them to demonstrate empathy — and, at the same time, be highly engaged and fact based in their actions. They are expected to make a positive difference in people’s lives with their leadership and wield both telescope and microscope adroitly”

It is said that a crisis brings about the best & the worst in people and separates the men from the boys.

The moment of truth for the CEO is to- Reimagine the Business, to Reengineer and maybe destroy the “old way of working” and adapt to the NOW, and also manage the family at home and keep smiling.

As a CEO are you ready?

Winning through the Art of Communication

 

‘Words are, of course, the most powerful drug used by mankind.’  – Rudyard Kipling

 Communication is central to the very existence of humans. Man has been communicating since time immemorial. Communication is the lifeblood of our whole being. In every age of man’s existence on earth, communication has acted as an agent of facilitation, social life, and development. Cavemen developed their own lingua franca to make meanings out of things and send meaningful messages. They also communicated through art. As the importance of communication is second only to oxygen for humans, the importance never lost its sheen throughout homo sapiens journey in the historical chapters of planet earth. In the modern ages or in other words, the competitive world, which is, even more, a world of survival of the fittest, every day demands constant steadfastness in the face of challenges and opportunities, both in personal and professional arenas. Nobody wants to lose the opportunity to fair well or make better of it. 

Present times are fraught with people battling stress. Resultant of the busy competitive world we live in, stress eats away on our happiness and well-being like a termite which is evident in high divorce rates, dysfunctional parenting, on-job burnout, boss-conflicts at the workplace, joblessness, violence, depression, increasing suicide rates, etc.  There is a continuous nag that ‘nothing is ever going to be enough’ constantly nudges at you. Communication helps to combat stress as we learn to express ourselves, thereby clearing doubts and confusion, and building valuable connections. But communication must be effective so as to be of any use in delivering the right message, to the right audience at the right time and make a fruitful impact. ‘Effective communication’, remains the no.1 skill to lead and manage a successful life.

The Communication Gap

Today the world is impatient, does not wait for anybody. Everyone wants to grab that chance to a better life, job, or income. This demands us to constantly up-skilling ourselves, and being in the right circles, aka, effective networking. But, even here, to be successful, we need an empathetic human to human connection. Communication gaps can hinder relationships between boss-employee, teacher-student, parent-child, siblings, and friends. Married couples ought to work on their marriage by constantly enhancing communication and listening.

Effective communication can act as a glue and heals discord, builds bridges, which is good both for business and personal life. While everyone starts their professional life equipped with in-demand degrees or skill certifications it is the skill of effective communication that decides who will sustain in the race and be the best or among the best, to succeed, to grow, and to enjoy the journey that life presents.

Tools for Effective Communication

Good communication is a crowd puller. Imagine a leader without the art of communication. As simple as it may seem, communication to be effective is still a challenge for many. The ways of what is good in oral communication differ from what makes an impression in written form. Also, styles and techniques of communication differ from person to person, situation to situation, and medium of communication.

Oral Communication: When it comes to improvement in oral communication to become good public speakers, orators or impress in meetings and interviews, skills can be honed by listening to good speakers, study their body language and use of vocabulary as much as possible. It is very important to understand aspects of the speech like tone, fluency, eye contact, pauses, use of space, gestures, etc. Using anecdotes, emotional stories, poetry, couplets, and humor enhances oral communication by helping build connections with the audience. The only thing to be kept in mind is to not over-do these tools and use them appropriately. Regular practice and proper planning help sharpening the oration skills immensely.

Written Communication: Written communication is very important from documentation and legality perspective. Academic teaching and learning, business transactions, print media, legal issues, emailing, etc. depend on written communication. It is very important for a writer to write and convey their thoughts clearly. The inability to write what one wants to express will be an impediment to one’s success. Tools like using the right approach, style, and words help in creating powerful, meaningful messages for the readers. practicing the use of correct grammar and spelling (Grammarly app is one such tool) and setting the right tone in the writing is very important. If not drafted well, written communication can fail or backfire due to misunderstanding, as it does not have the advantage of being face-to-face.

Visual Communication: Pictures, graphs, charts, and all kinds of imagery are part of visual communication. Pictures/images speak a thousand words, have the power to set the tone of communication, leave an impact, and project the intended message without hours of speech or pages and pages of writings. The presenter must have the skill to navigate the mind and eyes of the audience to create an impactful visual presentation with the right captions, slogans, etc. Learning visual arts professionally or with practice and guidance can tremendously help a communicator.

Overall, for effective communication, it is very important to know the mind of the audience and shape the message accordingly by appropriate use of communication tools.

Communication Skills in Education 

A good communication course or certification is an added advantage but not enough to become a real good communicator. Life experiences and good education teach us that indispensable skill. Not many organizations especially educational institutions, present an education rigor that makes one an effective communicator. But there are some which do.  World-class educational institutions like IILM in the Delhi NCR region, have a brilliant history of producing positive minded and competent professionals with excellent communication skills. Such institutions are known to lay stress on creating a learning ethos with communication skill development at its core. Students hone their oral and written communication through impactful and professionally designed study programs including active and participatory classwork, club activities, dissertation, outreach projects, competitions, events, etc. Every student comes out of their shell, gains the confidence to stand up in face of an audience, learns skills to lead, collaborate and connect through good verbal and non-verbal skills and shun negativity from their life.

For students, as college years are formative years of their personality and crucial years for building their career base, IILM is a great investment for those years and emerges confident and competent.

Role of AI in Financial Services

The emergence of automation has shifted the nature of jobs across sectors. So does the financial services. Financial services are also not immune to this development and are impacted by automation and artificial intelligence. Today, financial services are not limited to brick and mortar structure only. Traditionally, financial services used to be the job of a geeky person with a calculator. The financial industry used to be a paper-intensive industry.

But now, things have changed and the nature of the job has changed from bookkeeping to critical financial analysis. Even the Banking sector is technology-driven and gone the digital way. How one usually thinks about jobs in the financial services domain has already changed or in the process. Do you aspire to join financial services in the near future? What are the future job profiles for you? To answer these questions, one needs to understand how the increasing role of Artificial Intelligence will affect the future of financial services and how you can strive to stay relevant.

Impact of AI on jobs

Artificial intelligence AI will be the cause of great disruption for stable career choices of the financial services sector. According to one estimate, across the globe, about 1.3 million bank workers will lose their jobs. Traditional banking jobs like cashier, clerk, etc. are likely to be reduced by automation. All routine jobs are likely to go away with the increased interference of artificial intelligence/automation.

Artificial intelligence with a combination of Big Data is now even affecting jobs involving critical analysis. The combination of Big Data and AI enables us to make decision-based on humongous data and predict the future. This will thus affect the job of a financial planner, tax personnel, and others. One needs to consider this automation as a wakeup call and as an indication of the need to continuously enhance our skills to remain relevant in this fast-evolving dynamic world.

Emerging Profiles in the Financial Services Domain

On one hand, AI will cut routine repetitive jobs; and on the other hand, it will also create several jobs. It is estimated that in India, more than 50 lakh new jobs in the financial services sector will be created in the next ten years. Fintech is the new buzz word today. It is a combination of Finance with Technology. This Fintech sector will provide new job opportunities to aspirants in the future. ‘Finance Engineer’ and ‘Sustainable Wealth Manager’ are some job titles in the future.

Roles for personalized financial guidance will emerge in the future. Financial advisors who have analytical skills and the ability to translate data into relevant and meaningful stories will be in demand. Jobs in the field of blockchain, mobile wallet, and Robo advisors will flourish. Blockchain and apps developers, financial analysts, product managers, compliance experts, cybersecurity analysts, quantitative analysts, business development managers, and data specialists are few profiles that will be in demand.

Skills for Future Financial Services

The need for highly skilled and tech-savvy financial professionals is rising. In-depth and holistic financial knowledge will be the key to career success in this sector. Data analytics and sustainability are other important skills to sustain and thrive in the future market. ‘Superforecasting’ is an ability that is imperative in the domain of ‘Cryptocurrency’. Superforecasting means objective analysis of all present and past events and breaking down complex problems to smaller pieces.  Key requisite skills are business planning, data analytics, along with knowledge of C#, Java language, Murex language, Python, and other programming languages.

Contribution of IILM in your journey

The teaching pedagogy at IILM fosters a learning environment to enhance creativity, originality, critical thinking, and leadership skills in students. It also inculcates and equips students with future scoped skills.  The focus is two-pronged – traditional teaching to develop basics along with new-age electives like Fintech, Data Analytics, Python, R, etc. to give a perfect blend of modern and futuristic courses. IILM thus provides a complete package to students and makes them ready for financial sector jobs and thrive for career success.

Personality Traits in Mahabharata and the Ocean Model

Introduction:

While going about our usual day we interact with people, judge their personality as to how they are different from us and at times compromise  with the changing facets of their personalities without even thinking. We unknowingly almost like an automatic response form opinion about people depending on their overt behavioural responses.

Why we do this? Because we humans are wired for curiosity to know more about our environment aWhy we do this? Because we humans are wired for curiosity to know more about our environment and the people we live with. Like when we notice someone at a party surrounded by a large group of people, obviously the centre of attention, chatting and laughing; we may conclude that person is an extrovert.

So, how do we understand personality?

While studying personality we assume that personality characteristics are relatively stable over time and that traits show stability across situations. For example, someone who is described as an extrovert may be very outgoing and chatty at a party but less so in a conference. In both situations, they are likely to be more sociable than an introvert person. We also assume that personality traits influence behaviour. The person is outgoing and chatty because they are an extrovert.

At IILM, we offer courses in personality to undergraduate courses to help them discover themselves as well as understand our basic individual differences.

Personality and its spectrum

Cattell (1965) defined personality as being the characteristics of the individual that allows prediction of how they will behave in a given situation. Psychologists increasingly agree that five super traits may adequately describe the structure of personality.

Costa and McCrae (1992), who measured personality with their OCEAN model represents a continuum along which individuals can be explained in terms of their traits.  For a better understanding of these traits, the following is my explanation of how characters and their personalities were depicted from Mahabharat.

Characters from Mahabharat to explain OCEAN Model:

At IILM the curriculum is an interesting blend of science and mythology. I will explain how we teach traits to our Psychology students with the help of characters from Mahabharat.

OPENNESS – This factor refers to the individual having an openness to new experiences and an active imagination.

Karna was seen to be high on this scale as throughout the epic he justified his never-say-die attitude and courageously confronted all the odds of his destiny. His character in Mahabharata has everlasting fame because he teaches how can one present himself better than the destiny and accomplish everything with shatterproof determination. Bhima was seen low on this scale as he was conventionally oriented towards a particular goal that is of being the mightiest warrior.

CONSCIENTIOUSNESS– This factor describes our degree of self-discipline and control. Yudhishthira was high on this scale; was hard-working, organized, goal-driven whereas Shakuni was seen to be low on this scale as he is the person who poisoned the mind of his explosive nephew Duryodhana and fuelled-up the destructive war of Mahabharata, thus becoming the cause of the destruction of the Kauravas.

EXTRAVERSION – This factor is a measure of the individual’s sociability, energetic, optimistic, friendly and assertive.

Krishna was high on this scale as he attempted to navigate negotiations between the Pandavas and Kurus before the Kurukshetra war even happened. He convinced Balarama to not partake in the war itself. He even tried to get Karna to fight for the Pandavas as well. Sahadeva was shown to be low on extroversion, even though as the wisest of all the Pandava brothers he mostly kept to himself reading Vedas, spoke less and followed mostly what his elder brothers decided upon him.

AGREEABLENESS – This factor relates to the characteristics of social interaction. Individuals with high scores are trusting, helpful, soft-hearted and sympathetic.

Bhishma was high on this scale as his peerless statesmanship to be the mediator between the Kauravas and Pandavas and other impeccable characteristics still inspire his ardent followers across the world. Dronacharya was low on this scale as he discriminated against Karna and Eklavya on the basis of their caste. He did not voice out any objection in the court during Draupadi’s assault.

NEUROTICISM – This factor measures an individual’s emotional stability and personal adjustment. Duryodhana is seen to be high on this scale as he is motivated by greed, jealously, and a desire for retribution. Yudhishthira was low on this scale as he is calm, even-tempered, secure and happy.

Is there a situational difference when we portray our personality?

Psychologists explain this by segregating personality into a private and public persona. Private being the ‘real’ inner person, while public is the way that the individual presents themselves to the outside world. We may be confident and outgoing in some situations and less sure of ourselves and more retiring in other situations. A case where a shy reserved person joins an organisation but eventually becomes an arrogant and stubborn boss. This fits the explanation of how our personalities differ situationally.

Conclusion:

As much as individuals behave differently in different situations, our behavioural reactions can be clubbed into traits as similar reactions across age and cultures. To conclude, we can say that each one us is uniquely different yet distinctively similar as well.

 

“Personality is a mask we believe in”

Dr White

 

Relevance of Soft Skills for Personality Development among Students

INTRODUCTION: Soft skill, sometimes known as “people skills” are personal attributes that enhance an individual’s interaction with others, job performance and career prospects. Unlike hard skills or technical or occupational skills, which tend to be specific to a certain type or task or activity, soft skills are broadly applicable. There are two broad classifications of soft skills viz. personal attributes and interpersonal attributes.

Soft skills broken down under personal attributes comprise of the following:

  1. Optimism
  2. Emotional Intelligence
  3. Responsibility
  4. A sense of humor
  5. Integrity
  6. Time management
  7. Motivation
  8. Creativity

Soft skills under interpersonal abilities are as follows:

  1. Empathy
  2. Leadership
  3. Communication
  4. Good manners and etiquette
  5. Sociability
  6. The ability to teach
  7. Problem solving

See A comprehensive Guide for GD Preparation:

It is often said that hard skills will get an interview but one needs soft skills to get and keep going with the job. In the initial years of one’s career, individuals need technical abilities or occupational skills may be important to get an assignment one seeks. However, when it comes to growing in an organization, it is the personality trait that matters. And this would apply more aptly in a setting where several people with similar technical expertise will compete for a position or a promotion.

Training of soft skills in our country becomes all the more relevant where the education system does not always delve into coordinated personality development. There is a lot of contradiction and argument in the industry as to whether it is possible to enhance soft skills through different modes of training and workshops especially when we already know that the person has lived with those traits all their lives. The answer to this question seems harsh although real. A student who wants to do well in his career and does not really have a choice, a reorientation of lifestyle and personal priorities becomes essential.

The concept of soft skill is not a recent concept, instead, it is a concept discussed since ancient times. Our Vedas and Upanishads enunciate how Vedantic prescriptions cab be an effective instrument for the personal transformation that automatically enhances soft skills necessary for growth.

A desire in a young professional to create a strong positive impression about the self in intellectual and social circles is paramount. Soft skills for university students should come with the intention of an all round development of their personality and not only focus on academics but train them professionally also. Inculcation of soft skills among students would ensure greater success for them across all the spheres of life. Today’s organizations and companies look for individuals who are flexible to adapt to the organization’s culture and are apt enough to establish meaningful interactions with people around.

Relevance of soft skills among students:

  1. For creating a healthy and productive work environment: We have to develop interpersonal skills like listening and writing that can ensure the flow of smooth and accurate instructions and information. This can guarantee a cooperative work environment with minimum levels of manageable conflicts.
  2. Efficiency in dealing with challenges: Hard skills help you with technical knowledge and skill building whereas soft skills as they include communication skills, etiquette and leadership skills make your adjustment better at the workplace. They make an individual capable enough to deal with challenges and problems at the workplace.
  3. For overall personality development: All round personality development can only be guaranteed if both the hard and soft skills go hand in hand. Thus as mentioned earlier, hard skills are not enough to bring the best in you and ensure success. Pairing technical expertise with the process involved in the implementation of the technical expertise would lead to over all personality building and growth.
  4. Demand of today’s time:  In today’s time, the strength of an individual is assessed on both the hard and soft skill parameters.  The one who lacks soft skills would not be able to compete with the demands of today’s time. Thus there should be a strong focus of the course curriculum on building and strengthening of personality by inculcating soft skills.

Conclusion: All round personality development of individuals should emphasize on the mastering of soft skills. At IILM University, there is a lot of stress on developing soft skills as a part of the course structure.  There are diverse facilities initiated by the University to delve upon such skills. Some of these facilities are:

  1. IILM center for Emotional Intelligence: This is one of the centers that cater to provide an idea as to the significance of emotional intelligence in our lives. How relevant this is for ensuring the future success of individuals and how can we make ourselves happy and satisfied thus adding quality to our lives.
  2. Course curriculum: The courses offered by IILM University just do not focus on the academic growth and learning of the students. Rather it also tends to inculcate applications based learning that can be implemented and utilized when our students enter the professional world.

We offer papers like communications skills, emotional intelligence inter group relations personality growth and development that gives them an idea about the corporate setup. These courses, apart from adding on to their knowledge reservoir add on to the other aspects required for personality development example a course on communication skills makes them apt to use the power of communication during meaningful interactions. It helps them lay their point of view much more comprehensively thus ensuring them success whether it is about cracking an interview or cracking a good deal at the workplace. Similarly, the course on emotional intelligence tends to tap competencies like self-regulation, nurturing relationships etc. that helps accomplish higher order goals that one can set in life, a course on inter group relations also tends to make them understand the relevance of dynamic interactions between two or more individuals or big groups. It makes them understand the complexities of group functioning thus avoiding conflicts and ensuring teamwork while personality growth and development, make them explore, introspect and evaluate their personality strengths and virtues. It gives them an accurate understanding of themselves thus making them understand their potentialities and abilities. Thus, the emphasis on soft skills development among the student lot is the need of the hour.

References:

Govind Singh Kushwaha, Role of Soft Skill and Personality Development, Research Gate, February 2012

Barbara Cimatti, Definition, Development, Assessment of Soft Skills and their role for the Quality of Organizations and Enterprises, International Journal for Quality Research 10(1) 97–130, 2016

Barun K. Mitra, Personality Development and Soft Skills, Oxford University Press

Personality Development Video, The Economic Times and The TIMES Multimedia, 2009.

TIME magazine, Vol. 172, No. 2, 2008.

A Letter by Tara Gandhi Bhattacharjee

Towards a world where the human mind is without violence and the environment is without pollution…

Dear friends,

With all of you I am also in deep pain for millions and millions of persons across the world who have been faced with unbelievable and immeasurable suffering. I join you in expressing our heartfelt appreciation and gratitude for all who are risking their lives to help and serve the needy and the society. We are together in prayer.

I want to share the following thoughts with you:

The pandemic of coronavirus has shattered the human soul.

The cosmic law of justice has pronounced an unprecedented and unexpected fury on the human race in this planet.

But this cosmic fury has awakened the damaged and the anguished human soul to another reality of spiritual realization of human concern.

For years now, my mind and soul have been disturbed and challenged by a certain question.

Today, I want to share this challenging thought with you.

I have been feeling for some years now that human beings are certainly not the most important life in the creation. It is a human being’s concept that the human life is the superior most. Even at the highest intellectual and spiritual level, human beings can think and act within the limitations of the human mind. What do we know about other lives? Whether insect life, animal life, plant life or environment, we know nothing about how plants speak to each other or how animals and insects communicate with each other. What is their philosophy? We know nothing. At least we know that we know nothing about other lives.

It is very humbling that if the humankind is wiped out on this planet, the environment will not miss us at all. In fact, the environment and every other life will be happy without us. This pandemic has really proved that the nature can live beautifully without the existence of human beings.

Even from my modest house, I am suddenly able to see so many rare flowers with lovely fragrance. I can also hear in my house the various chirpings of lovely birds which I had not heard before. It delights my heart and soul to see beautiful and rare birds in the little courtyard of my house.

With the emergence of the purity of the fear free nature and environment, human beings are also perceiving the awakening of the human soul with the greatest compassion for one another and all life.

In order to bring some cheer around me and for others, I have been telling my friends on the phone – “At this stage in my life, I have finally found a companion of life. He is called Mr. Isolation.”

“Mr. Isolation” has inspired me for further introspection.

The entire creation is wrapped in a cosmic net. Destiny is playing with the warp and the weft of the cosmic net. While destiny is playing it’s game, we as human beings will have to remain with compassion and non-violence towards each other and to every life.

We are all together in a spiritual awakening with the consciousness of human conscience.

Man pollutes the four elements, earth, sea, fire and air. With the negativity and violence of our mind, we can also pollute the space. Let us not pollute the fifth element- the space.

His Holiness Pope Francis had once repeatedly said in a public audience, in five different languages – “The creator forgives us always but what is created never forgives.” Let us work together, and do our best, for a future where every life respects the other life. Let us work towards a world where the human mind is without violence and the environment is without pollution.

With you,

Tara Gandhi Bhattacharjee

About the Author

Smt. Tara Gandhi Bhattacharjee, the granddaughter of Mahatma Gandhi, has held the position of Vice-Chairperson of the Gandhi Smriti and Darshan Smriti for nearly nine years. She is also involved with the ‘Save the Ganga Movement’, an initiative to protect India’s environment and rivers for the last 18 years. For the past 28 years, she has worked for the Kasturba Gandhi National Memorial Trust (KGNMT), founded by Mahatma Gandhi in memory of his wife. The KGNMT is one of the oldest pre-independence, non-governmental institutions serving the women and children of rural India. She has been decorated with one of France’s top honour  L’Ordre des Arts et Lettres for her contribution in promoting peace, solidarity, culture, education and development.

The Beautiful Road Ahead – IILM, School of Management

Just out of school, a student enters a life, less cocooned, more puzzling, and challenging full of promises and heartbreaks. Parents also anxiously want their children to be on the right track of a steady career growth that promises a secure future. Wise decisions taken at this stage by the student and parents about the choice of course and institution will ensure good learning and focused career growth that is both rewarding and fulfilling. A beautiful road ahead is possible if one plans and decides well. Who wants a rickety ride in the graduation years?

In the market that is full of enticing offers and promises for a beautiful road ahead in education right after school, IILM, a top-ranking institute, is a name of trust running the helm of top-class education for decades. It has a unique reputation of welcome and warm ambiance with student-centric education that is in line with the demands of the market. One can see the wonderful reviews of students and parents on the internet about the quality education being offered in echelons of IILM. IILM has three imposing campuses in Delhi NCR, namely in Lodhi Road, Gurugram, and Greater Noida. IILM University, in Gurugram, offers several graduate and undergraduate courses in Management, Law, Psychology, Design, etc. apart from its rigorous Ph.D. program in different streams. All the departments boast of high-profile faculty and management, having an illustrious experience in their fields.

The School of Management

IILM University is nestled right in the heart of Gurgaon on the glistening Golf Course Road. The School of Management is one of its oldest and prestigious departments. The well-guarded campus housing the School has beautiful green manicured and well-tended gardens and lawns full of trees of mogra and pansy buds striking a contrast amidst the concrete and glass jungle of the Golf Course Road. One can see students sitting in the gardens with their laptops studying in the natural peace of nature or busy playing basketball/volleyball on the courts. Everywhere you see students, busy, happy, and secure.

The school of Management offers different undergraduate and post-graduate degrees and diplomas in varied streams of Management, Marketing, Human Resource, Entrepreneurship, Insurance, and Risk, etc. A well-equipped library that is regularly updated does not leave much for asking in terms of knowledge resources. The School of Management also aims and delivers 100% placements to the students in companies like Toyota, L’Oreal, HDFC Bank, Gartner, etc.

Faculty

‘No one should teach who is not in love with teaching.’ Margaret E. Sangster

Indeed, at the School of Management, the teachers are in love with their profession. The faculty is well-read and industrious in their efforts to impart impactful classroom teaching to the students. Many teachers have rich industry experience behind them and have research papers published in top research publications. The teaching sessions involve students and teachers in active, engrossing discussion of insights and wisdom. Case studies and role-plays, debates, quizzes, projects keep the students alert in the learning drill for a competitive future. Faculty is also deeply involved in continuous mentoring of students even after classroom sessions and students are active participants in organizing conferences, events, annual fairs, and social outreach programs.

Student life

‘The secret in education lies in respecting the student.’ Ralph Waldo Emerson

 

Student-centric education is the mantra at the School of Management. Students are involved everywhere, be it classroom, conferences, placements, etc. from day one at the school, the student feels part of the IILM family that builds his sense of responsibility and deliverance. The activities and clubs, like Marketing Club, Finance Club, Entrepreneurship Club, etc., keep the students busy in the learning mode. Yearly life skills training rendezvous to Jim Corbett Park help to relax the freshers and help them connect with their new friends and faculty and developing in the team spirit. Industrial visits and industry connect meetings and seminars help students gain exposure to the market they are readying up for. Students also participate in various competitions and social work programs with equal interest. long hours are also spent in the peaceful library. The hostel available for students is safe, secure, and hygienic. The management of the School is very cordial with the welfare and development of the student of topmost priority for them.

Good Decision

Choosing IILM University, School of Management is a wise decision to invest in a wonderful future in the business world. The teaching pedagogy is world-class and placements assured. Great global exposure is a value add with a number of student exchange programs and international visits. Guest lectures from the best in the industry help students get attuned to industry practices. They also become socially aware and responsible citizens. And of course, the beautiful green shaded campus is a big bonus.

The graduate years must be the best as they do involve the precious youth of a person’s life. A good institution will make focus on the future clear and be the mantle of guidance and support for the students. School of Management, IILM University, offers just that with passion and commitment. Students can get in touch with the IILM University admissions team on the university website and will be guided in the admission process and assisted with any queries. As the seats are limited in various programs offered by the School of Management, it will wise to submit applications as soon as possible.

So, for the prospects out there, make the right choice. Visit iilm.edu.in now to apply.

Surely, a beautiful road lies ahead!

Myths about Green Economy: Busted

Greenery calms down our eyes and mind. It symbolizes life, freshness, nature, harmony, energy, and fertility. The world is facing serious challenges in environmental front. To motivate people to stop contaminating the environment, Environmentalist, and environmental enthusiasts are using “Green” concepts everywhere. At IILM with a blend of management and engineering, we create Eco friendly surroundings. Same concept is used for green economy.

“An economy is the production and consumption of goods and services and flow of money. Then what is Green Economy? Is Green economy all about planting trees in the world? Let us make it short and simple by explaining Green Economy. Green Economy stands for accelerating economic activities and infrastructure that are helpful in low carbon emission, increase energy conservation, and efficient use of resources.

There are certain myths about green economy, which you will also relay on-

  • Every business around is polluting environment. Agricultural waste makes Delhi’s atmosphere  suffocating every year, chemical fertilizers contaminating underground water. Agriculture a major sector in green economy is polluting our country. Therefore, green economy is just a concept for books.
  • Everything around is driven by fossil fuel. Electricity for metro trains generated from the thermal power plants using coal. In actual we are not conserving the environment. Environmental protection, social benefits and profit making cannot go together. Again, green economy is a myth.
  • Green economy cannot grow like fossil fuel based economy. This economic model will not get acceptability of citizens. So it is a myth.
  • Shifting economy from fossil fuel to other energy sources may result in job loss. Governments won’t be able to afford this, so it’s a myth.

Let us burst the Myths about Green Economy

#Myth-1 Industry transformation in Green Economy

Businesses will get transformed into green economy. Present MSME like renewable energy, sustainable transportation, waste management, green residential areas, water management, land management, fisheries, agriculture, forestry, etc. will work on large scale. There are certain areas in the business that yet to be explored. Organic farming can make agriculture non polluting, healthy and profitable.

#Myth-2 Environmental protection, Social benefits, and profit making cannot go together

  1. J. Kurian of Amul, Shri Mahila Grh Udyog and several other Indian examples has proven that social benefit and profit making can go together. Both of them uplifted the people financially. Government of Gujarat has introduced a project of installing solar panels on 19000 Km long network of canals of Narmada River. Hence, above myth has been proven wrong

#Myth-3 Growth of Green Economy is perceive slow

Renewable energy and recycling can be the key drivers to foster green economy. Availability of energy and raw material economically is the need of industry. Renewable energy is an economic and sustainable source of energy and recycling can provide cheaper raw material. India’s 55% of energy requirement will be covered by renewable energy sources by 2030, if this sector will grow at the same pace.

#Myth-4 Career and Job Opportunities are limited

Whenever technology shifts, it affects the job market, and existing jobs transform. India’s top business schools are carving our future managers and technocrats to work in present environment and cope up with future challenges. Research will play a key role for every student.

At IILM College of Engineering, Department of Biotechnology trains students in hydroponic technology, vermin compost, bio compost etc. Our Alumnus and existing students are working with reputed brands at renewable energy sector. Civil engineers at IILM are developing methods of using non-degradable plastic in construction. This will change the future construction techniques and minimize pollution.

Coming to the end of discussion, I would like to support  Green Economy as- industries can easily shift to renewable energy sources, Green economy will grow at the same pace like fossil fuel based on our  economy there will be no dearth of career opportunities. Green economy will contribute in better health of citizens. Citizens can start practicing basic  fundamentals of green economy by using solar power, compost in kitchen gardens which are  very beneficial in  conserving energy.

For more information on green economy related readings follow my blogs on IILM Blog site https://blog.iilm.edu or write to me at ashutosh.singh@iilmgsm.ac.in

Psychology and Your Future in India

Introduction

Today’s disruptive changes have made Psychology one of the most sought-after careers. The demand and supply chain in Psychology will help overcome obstacles in personal and professional lives in the future. Our fast-paced lives, demanding jobs and complicated family dynamics are making mental health a prime issue of survival in the 21st century.

Countries across the globe are looking at making mental health equally imperative and vital as physical health. Therefore, the role of psychologists in future will become as crucial as our medical workers. Simply put, we may take medicine for any physiological ailment, but what about societal, global pressures coupled with tragedies? There is no known medicine to handle all that, hence Psychology becomes crucial as a subject to be pursued.

Psychology as a subject and its specializations

Psychology has been an undercurrent in any field offering a myriad of opportunities. IILM University, which is considered one of the best colleges in Delhi/NCR for Psychology provides components of the following in the course as fusion in undergraduate as well as specialization in masters.

Clinical Psychology: Anyone who has been a student of Psychology has been amazed by abnormal psychology and at least once aspired to become a clinical Psychologist. Facets such as diagnosis, understanding and management of disorders while working in hospitals, rehabilitation centres come under this. Given the emotional pressures people go through, the demand for good clinical psychologists is expected to rise. We hear and see many celebrities openly discussing their mental health and concerns. This trend has increased awareness and acceptance towards disorders and with time the need for experts in clinical psychology is only expected to grow.

Counselling Psychology: Counselling is like a second skin to any Psychologist as it deals with facing day-to-day scenarios and its management. Counselling being a broader term branch into career guidance, marital and academic. Counselling Psychologists are seen working in private set-ups, career centres, schools, NGOs and organizations. Today, it is required across all walks of life, and the need for it will only continue to grow. At IILM, we invite guest lectures as well as electives in CBT/REBT for Psychology students.

Organizational/Industrial Psychology: Psychologists in this field focus on workplace issues at the individual, group and organizational levels to enhance the productivity of the employees and ultimately the organization. As more and more MNC’s are paying attention to the mental health of their employees, Psychologists with I/OB specialization are working in HR as consultants/managers and are assessing emotional, social intelligence and performance in the employees.

Developmental/Child Psychology: This field works with lifetime development of human beings focusing on psychomotor, cognitive, as well as emotional development from early years. Popularly known as Child Psychologists they work mainly with children in therapy centres, schools, paediatric setups, NGO’s with close association with special educators and psychiatrists.

Sports Psychology: This is a fairly new branch that works with athletes’ physical and cognitive performance along with coaches, nutritionists as well as physiotherapists. Sports Psychologists endeavours to help sports teams to increase performance and motivation of sportsmen. India being a sports passionate country, this field has a lot of scope as a career.

Forensic Psychology: This branch deals with legal and judicial systems and is closely related to criminology. At IILM we help B.A students, enhance their understanding of laws in India while offering Law as an elective course.

Military Psychology: This is yet another contemporary branch of specialization dealing with military personnel and their families. Concerns such as depression, anxiety, grief as well as stress-related issues are taken care of by evaluations and treatment of mental and emotional disorders along with counselling. Psychologists are routinely hired in forces and are doing extensive research and policy-related work.

How to pursue Psychology as a budding career?

In India, we can pursue Psychology from graduation level (Psychology as a subject in Class XI & XII is preferred) and then pursue a B.A. / B.Sc. programme in Psychology. Master’s programme in Psychology is mandatory for seeking a career as a Counsellor as well as to apply for a job. M.Phil. is important to practice as a clinical psychologist and may accompany it with diploma courses in any therapeutic work (cognitive behaviour, rational emotive, career guidance, etc.) IILM University offers BA (Hons) as well as MA Psychology with specialization in counselling and organization behaviour.

Conclusion

Psychology as science finds applications in all walks of life. Psychology presents immense career options in the present times and will hold promising opportunities in the future as well.

The best way to predict your future is to create it

Abraham Lincoln

Dancing Market: Optimism or Insanity?

In the era of COVID-19 when WHO has declared it as a pandemic. India is under the lockdown for more than sixty days like all other nations in the world. All the economic activities were shuttered down till lockdown 3.0. The future outlook for the Indian economy is not pleasant. Analysts are expecting negative growth for Financial Year 2021. Almost all medium and small-scale businesses are in crisis. Most of them have shut their shops and laid off their employees. Big business houses have announced a salary cut for their employees. For April, the Auto industry first time have observed zero production output. The unemployment rate is at an all-time high. Scores of migrant laborers have moved back to their native places.

In this gloomy scenario across the nation stock market is dancing like anything. Though, it is not at the record height as it was during February but it is not that bad either. Eventually, soon after the announcement of the lockdown market slumped to almost half but this state did not last long. At present, the market is hovering around the level of 2017 which under the present circumstances is quite amazing.

Barometer of Economy?

It is time to evaluate the phrase ‘SENSEX is the barometer of Indian Economy‘. Is it a barometer to gauge the economic activities anymore? The stock market is considered a leading indicator of the economy. It was believed that there is a high correlation exist between the stock market and economy but this correlation does persist?

Fool’s Paradise!

Though the stock market is not a true representative of the economy nowadays it seems like the market has divorced the economy especially to all whatever is happening around us; whatever is the reality of economic activities. The stock market is not showing any concern to the more than fifty-nine lacs corona positive cases around the world and more than forty-seven hundred deaths in India. Stock market and particularly investors are living in paradise.

Future Outlook

There are various explanations for this insane behavior of stock investors. First and foremost, the explanation is that stock prices are always based on the future outlook, not the present. Present stock prices are the discounted cash flows expected from stock in the future. So, the present stock prices reflect that investors believe that economy will have a speedy recovery shortly.

Expectations from Government

Investor’s expectation of a substantially large stimulus package from the government went in vain. Investors have a strong feeling that the government will be able to overcome all difficulties in the economic front. The historic decision of reducing the corporate tax rates and conceptualizing the idea of ‘Atmanirbhar Bharat’ is giving hope to the investors.

The central government, as well as Reserve Bank, has already taken measures in terms of various fiscal and monetary policies to infuse the liquidity in the system. The financial year which generally ends on March 31 has been extended till June 30 exhibits commitment of government toward economic measures. Investors are betting on such strong interventions of government to boost the profitability of corporate houses in the future. The first year of NDA 2.0 is rated positively by various analysts which is enough to boost the confidence of investors.

Investment Options

Even more, now investors have not left with more options to invest as the prevailing interest rate on government bonds and all small saving schemes have been reduced. If we adjust the returns from these schemes with inflation, we will get negative returns for almost all investment products. So, the stock market is the only option left for investors to park their excess money with.

Optimism for Vaccine

Stock investors are at present feeling more optimistic about the future than the doctors and scientists who are working on the development of a cure for the Corona virus. Investors are expecting that soon enough a vaccine for the same will be discovered on which the whole world is working.

Black-box Theory

Another theory argues that all investors are operating as a black-box process. No one knows about the future of investments or till when this pandemic end and the road to normality be back. It is just the mere expectations which are leading the market at present. Investors are also active because they fear being left behind. New investors are considering this time as an opportunity to enter into the market at this level which may not come around again.

Parallel with Lehman Crisis

If we draw a parallel between the current crisis with the financial crisis of 2009, we get a hint from there also about this euphoria in the market. In November 2009 when the future of economies was pathetic even then the stock market across the world was mostly up by more than 50 percent from the past year while the economies were only growing by 1 percent for that particular one-year period. People were investing based on their expectations not based on ground reality. So, again history is repeating itself in the market.

Advice for Novice Investors

It can be inferred that expectation of the majority is driving the market than reality. Investors are not acting insane rather they have optimist future outlook. For investors, market timing is really important. For a novice investor, it is time to get into the market with a long horizon. If you have missed the wagon in 2017 then prices are again around that level. ‘Buy with caution’ is the mantra for success.

At IILM, students are being prepared to analyse the economic situation and to identify the trend for investments to be successful. We conduct live trading sessions for better understanding of the same. For more information on stock market one can approach at kumar.saurabh@iilmgsm.ac.in.