Nov
23

Aditi Masters Stock Market Trading at the FSE Club

Warren Buffet, American business magnate and investor says, “I buy from Pessimists and I sell to Optimists”. It is his own version and view of the stock market.

But as a management student, I would like to define stock market or share market as an aggregation of buyers and sellers of stocks, who claim ownership of businesses; this may include securities listed on a public stock exchange as well as those traded privately. An Example of the latter would be shares of private companies which are sold to investors through equity crowdfunding platforms. Stock exchanges list shares of common equity as well as other security types, e.g. corporate bonds and convertible bonds.

A thorough study of the Stock Market is challenging, as it needs an in-depth knowledge of financial systems and institutions. The scenario of share markets in India has been booming, with people wanting to earn profits out of consistent speculation. However, to actually reap profits from the complexities of this market is not a cake walk, as it is one of the most vulnerable sectors of the global economy.

To assist the students in this regard, FIIB, our college, has a discrete club- Fortune Stock Exchange (FSE) Club, which helps us to gain core knowledge about the stock market and its current trends. The club organizes regular stock mind sessions by traders in the stock market. It also arranges guest lectures by eminent professionals/experts from the Indian stock market. This initiative has helped me gain critical insights about the Indian stock market.

The most educational experience has been a virtual trading session organized in association with ICICI bank. They provided a separate account to each student and allotted a fixed amount of virtual money for facilitating the purchase and sale of shares of different companies virtually. So basically, I did trading through virtual money but it felt as if I am dealing with real money. This whole process gave me an understanding of what all I have to keep in mind for trading in the real world stock market. Three people who bagged the highest profits from virtual trading got selected for further virtual trading on National Platform. I wish I could have been in top 3. Irrespective, the learnings I got from this will help me a great deal in future. Indian stock market is now growing and there are many job opportunities available for people who want to be in this sector.

The FSE Club, FIIB has opened up so many opportunities in the stock market trading for us. We can not only apply for trading job opportunities but also decode the current stock market trends for investing in a profitable stock.

  • Student entry by Aditi Agarwal

 

Nov
16

Karan takes up on all things Marketing 4.0!

Traditionally, marketing was an approach to promote, advertise or campaign, including billboards, flyers, newspaper print ads, television commercials, radio ads for a product or service. Today’s customers have less time and attention to devote to your brand and they are surrounded by alternatives every step of the way. We need to stand up, get their attention and deliver the message they want to hear.

Marketing 4.0 is a marketing approach that combines online and offline interaction between companies and customers. It takes advantage of the shifting consumer mood to reach more customers and engage them more fully than ever before. Exploit the changes that are tripping up traditional approaches and make them an integral part of our methodology.

 How is It influencing 4 P’s of Marketing ?

  • Product used to be developed by needs and wants to be extracted from market research, but now co-creation is more likely the product development strategy.
  • Pricing is no longer static, it’s dynamic.
  • The sale was carried out through local shops or convenience stores but now selling is done through online platforms like Amazon and Walmart. We can say that selling is changing to transparent commercialization.
  • Promotion is now a two-sided arrangement using social media and customers as audiences.
How is it going to affect our business

For example:- Customer’s Attitudes toward mobile apps (%)

In the above example, we can clearly determ

In the above example, we know that how downloading an app depends so much upon the decision of other people as well as on information about the application that a customer gets without using. What’s important to the customers is how your product/service adds value to their life as they have many substitutes available.

How to cope-up with the change

  1. Understanding that customers are more connected to each other than brands

When it comes to finding and choosing products that matter to them, consumers are more likely to turn to friends and family, online and offline reviews than traditional marketing channels. We have to be a brand that people talk about and are willing to become advocates for. We must connect with consumers in the spaces where they connect with each other like Facebook, Instagram, Snapchat, Pinterest and other social channels. We should interrupt their worlds with direct mail, out of home, and other traditional channels, but also make our self a part of their everyday conversation.

  1. Focus on experience

Consumers do not focus on, “What does the product do ?” rather they focus on, “How does the product make me feel ? Does it represent my values ?” This is how companies like Sephora compete with retail giants like Amazon by pampering store visitors with the ability to try on cosmetics, be styled by hair care professionals. Marketing 4.0 brands like Sephora interact with consumers on an experiential level.

  1. Be authentic

According to Phillip Kotler, “people are living in a hyperconnected world” they tend to be disconnected in the temporal space. This is one reason why we experience over facts and figures. They treat companies as friends, making them an intimate part of their lifestyles, so our brands need to behave more like humans “approachable and likeable.”  Therefore, brands need to be authentic to become a brand that customers will not only purchase but become advocates because authenticity is critical to establishing trust.

  1. Speak to latest anxieties and desires

The Internet of Things(IoT) puts the world of analysis at marketer’s fingertips. Tap into your data streams, develop customer personas and use content to address consumer’s deepest needs.

Every few years the concept of marketing evolves, but this time it’s different; “it’s not just the rules that have changed, it’s the customers themselves.” Marketing 4.0 provides a solid framework based on a real-world vision of the consumer- who they are today and who they will be tomorrow. Marketing 4.0 gives you the edge you need to reach them more effectively. However, It is not meant to replace traditional marketing. They must co-exist, and the marketing 4.0 must drive advocacy. The accountability of Marketing 4.0 also gives it tremendous potential to drive results.

-Student entry by Karan Malhotra, Class of 2019

Nov
14

Success Story – Deepak Rana (Batch 2016-2018)

Feeling absolutely delighted and overwhelmed, Deepak tells us that the Company, as well as his job role, make up for his dream job. Knowing how challenging it is to grab a back-end job, he is happy that his entire family is proud of this achievement. He says “I believe this is what truly transforms a student into a responsible professional.”

He considers FIIB to have played the most crucial role in this accomplishment. He is especially grateful to the faculty as he shares with us “I am particularly thankful to my mentor who has always believed in me and guided me to become career ready.” The constructive sessions conducted prior to interviews have helped him kick-start his career as an Assistant Manager-Sales with Lesso Group.

LESSO Group was established in 1986 and today it ranks among the top 2 of UPVC pipe manufacturers in the world, with a sales revenue of INR 15,000 crore in 2015. With a total of 30,000 employees in 28 subsidiaries, including 25 manufacturing facilities in China, India, USA, Canada, UAE, and Indonesia, it is all set to achieve greater heights. LESSO has also established a leading international R&D center and is a holder of more than 1000 patents

Apart from academics, another sphere where he has learned and grown in his journey with us is exceptional organizing and management skills. He was excited to tell us that “my fondest memory has to be when I was appointed the Junior-Senior Co-head of Marketing Club. I organized the marketing fair with my entire team and it turned out to be a huge success. It is the best feeling when you devote yourself to something and get rewarded for all the hard work.”

A PRO TIP

He shares his success mantra with us- listen to everyone, use your knowledge to filter out helpful suggestions, store all the useful information, and in the end, take your own decision.

Well, that is a useful mantra and we wish him all the best for his bright future!

 

Oct
27

Addressing the Emerging Trends in Service Operations

When sustainability is the only panacea for the existence of a business, we believe one can create a massive change. To further understand the importance of sustainability for a business, In 2013 FIIB started a campaign with a strong belief that OPERATIONS is the core of all business organizations. Every year OPEX Conclave accentuates the importance for better operational activities in an organization in order to sustain in the growing competitive economy. Extending this initiative we are coming back with the theme of EMERGING TRENDS IN SERVICE OPERATIONS.

FIIB operational excellence conclave

Operational excellence tools & techniques are progressively being used by companies in the “Service”  industry businesses like Banks, Insurance Corporations, Hospitals, Tour & Travels etc. These tools help solve over arching problems like low productivity, inadequate service level, high cost of customer care and too much “waste”, that hamper the day to day operations of a business,  and help them maximize value for customers over time. Various emerging trends in service operations are adoption of mobile technology, integration of cloud solutions, targeting the tech-savvy guests on social media etc.

For today’s service providers, change continues to come at a faster rate. This accelerated change comes as no surprise, given that service providers operate at the epicenter of virtually all the significant technological and business trends that have emerged in recent years. Service providers and their customers are now operating in an application economy, an environment in which applications play an increasingly integral role in the services, operations, and success of an organization. Given the fundamental and fast nature of change that’s been occurring, the reality is that the approach that may have worked for a service provider in the past may not be sustainable in long term.

With global competition at such a dynamic level, any day lost without operations improvement jeopardizes a company’s economic position; status quo and simply leads to failure. To outpace this competitive environment, companies are implementing strategies to establish competitive advantage as a low-cost producer or as a standout through product differentiation. The overall strategic intent is the creation of systems with resources that are capable, flexible and reliable to a performance level that establishes distinctive competencies in quality, efficiency, innovation and responsiveness. This distinctive competency thereby establishes a greater value for both the customer and shareholders.

Thus, Operational Excellence is the need of the hour across the various sectors of global business. OPERATION EXCELLENCE Conclave (28TH OCTOBER, 2017 organized by the students of FIIB of SIGMA CLUB), in the past had been duly addressed by speakers like Mr. MansinghJaswal, Global customer manager at DHL, Mr. Ajitsingh, supply chain manager at Walmart, Mr. Biswadeep Ghoshal, Department manager at Future Group and much more. This year, we will try to understand the sustainable operational initiatives that companies are undertaking to keep abreast of competition and learn how to be sustainable.

 

  • Student Entry by Kanav Dhingra, Class of 2019

Oct
10

My Business Study Tour Experience

After one and a half year of studying PGDM at FIIB, participating in various college activities, working on Live Projects and doing Internships, finally the day that I had been waiting for arrived, the Business Study Tour with my batch mates to Dubai in UAE. It was a 5 days trip that combined both fun and learning elements. As a student of International Business School with an aspiration of becoming a global business leader, I was lucky to get this once in a lifetime opportunity from FIIB to visit Dubai, which is known as one of the biggest business hubs in the world. Global learning opportunities are rare to come by, this was one of the important criterions for me choosing FIIB for my PGDM.

Global Immersion Program

After reaching Dubai, I was pretty excited and curious about what the city has to offer to me. The Day 1 started with fun and enjoyment as I went for a Desert Safari ride with our group. It was one adventurous ride and I loved it as the car drivers showed stunts while driving and I was impressed with the teamwork and coordination showed by them. After this, it was amazing to watch some fire stunts performed by the local artists and dancers.

Day 2 started with a half day Dubai city tour, where we were explained the history of the city, along with important tourists attraction points, big projects like the al Nakheel, recently completed or under construction, business, and trading centers. Then in the evening, I went for Dhow Dinner Cruise which looked lovely at night in the water. A magic show was arranged by the boat manager for us. I loved the food with music and enjoyed the entire experience with my friends.

Day 3 was more of a serious day, where I went for an industrial visit to Hansa Green Technology factory in Ajman, UAE. Ajman city is completely an industrial belt and declared as free zone area by the Government for new businesses to setup. After reaching Hansa Green Technology factory, one of the factory employees made us understand the entire LED production process, how they are helping the government in street lighting issues, how the factory workers do their job, how the product testing is done by machines and how they are finally sold to end users. They do all the production and selling of LED lights without affecting the environment. He also showed the certifications the companies has received and told us the role and importance of them.  Then in evening we again had a small city tour in a bus. This time we visited and explored both Old Dubai and New Dubai. The tour operator also showed us a huge Golden Frame under construction, where one side there is Old Dubai and another side the New Dubai. The tour operator, being an employee of Al Nakheel, said that they take up all these new big projects in Dubai to attract more tourists every year and generate revenues through tourism.

On Day 4, I went for a university visit in the 1st half of the day. It was Skyline University College, Sharjah. It’s a huge campus and culturally diversity, where students from 202 nationalities study. The Director of the university briefed us about the college. He talked about UAE and Dubai economy. He also discussed the careers and business opportunities in UAE. Then one of the faculty members, taught me about Multi-Cultural Communication, it’s importance and challenges. Finally, I meet the Placement Head of the university. He discussed making a career in UAE, companies hiring MBA graduates, what is the work profile, skills required for employment, how Skyline University College students are trained to handle the upcoming business challenges. I also got an opportunity to talk to Skyline students. The students were energetic and behaved like leaders and are ready for tackle real business challenges. After this, I went for a 2nd industrial visit at Black Tulip Flowers LLC, Dubai. The company mainly deals with supplying premium quality flowers and plants to both B2B and B2C segment in UAE. They are the market leaders in UAE(60%)approx and have both wholesale and retail stores in UAE and abroad to meet the growing demand for their products. One of the employees made us visit the entire flowers and plants factory. He explained the entire production to distribution of flowers and plants by the company. He also gave a formal presentation and talked about their company, their success story, their strengths and challenges. In the evening, I went to Meena Market for shopping and explored different products and their prices and compared them to similar products available in India. I also went to Dubai Mall, saw the beautiful Burj Khalifa and enjoyed the lovely Fountain show.

All good things must come to an end, and it was the 5th Day in Dubai. I packed my bag to finally return to India. The sweet memories and learnings I have experienced in Dubai, will cherish them for lifetime. My overall business study tour experience was great and big thanks to FIIB, for giving me the excellent opportunity to correlate the business concepts I learned in the classroom to the International Business environment. I got to know the application of business models, frameworks and knowledge base I have been exposed during my PGDM program till date. I got insights into the operations, marketing, regulatory compliances of different companies in Dubai. I also developed an intercultural understanding and communications skills needed in UAE. This trip helped me see a different part of the world, meet new people and helped me know how businesses are managed in a country like UAE.

Student Entry by-

Akash Patra, Class of 2018

Oct
05

Learning Marketing Strategies at FIIB Marketing Fair

National Marketing Conference (NMC)  dealt  with  informative discussions among experts in the panel including an inspection of how it is possible for business schools to teach the subject of marketing from contemporary marketing perspective in  a way that the relevance and quality of teaching and research in marketing practices become useful to business community, faculty, and the students.

On Sep 9th 2017, NMC was held in our college that made us learn various marketing strategies from two sessions. In the first session, I learned through the discussions and paper presentations made by the marketing professionals. Whereas in the second session, I learned how to apply these strategies as FIIB gave the opportunity to the students to present their stalls in the Marketing Fair.

Marketing Fair gave me the opportunity to present my creativity, recreation, knowledge skills all together through Marketing stall where I sold unique products and experienced the idea of being a marketer personally. FIIB campus is one place which gave us the platform to show our specialty. I along with team members presented a food stall named as “Korean Pat Bingsu”. Patbingsu is a popular Korean shaved ice dessert with sweet toppings that includes chopped fruit, condensed milk, fruit syrup and red beans.

I followed the” Marketing Mix” concept for our food stall which consists of 4Ps and they are:

The first important thing is the unique food provided by my stall i.e. two Korean dishes i.e. Patbingsoo and Kim Bap also known as sushi and other than that I also provided food items like red sauce pasta, muffins and choco truffle pastries. All these were homemade by me.

Pricing of our food items were dependent on the various items I was providing like I sold Patbingsoo at Rs.30/plate and Pasta at Rs.40/plate. Major consideration in my pricing is the costing done on the basis of the crowd we were having.  I got the opportunity to present myself as the marketer and supply my food products in the college campus through our food stall and sold food items to everyone present at campus including teachers, students, and the guests.

I promoted my stall by doing social media advertisements through Facebook and Whatsapp, pasting pamphlets in the college corridors & canteen and informing people about my stall in my network.I focused on building relationships with my customers instead of trying to just sell them my food items. Customers who loved my items had spent more on our stall by tasting my food items and taking those items along with  them for their families.

Student Blog Entry by:

Sujata Dubey, Class of 2019

Sep
19

Towards Meaningful Corporate Governance – What I learnt!

As a management student, any exposure to the corporate world is a great learning experience. Industry visits and seminars give us immense exposure to Industry standards, Interacting with corporates and understanding their views on how corporate life unfolds and what corporates expect from us as fresh management graduates. This tends to offer exceptional guidance to us for our career goal setting phase.

We were given such an opportunity by the college on the 4th of July. An opportunity to attend the 7th Subir Raha Memorial Lecture. It was a great learning experience for all of us, attending an actual corporate seminar with many distinguished dignitaries being present. This event has been held every year for the past 7 years in the memory of Late Mr. Subir Raha, Ex-Chairman and M. D. of ONGC. He also served as president of Global Compact India Limited. He led ONGC on to deep exploration especially in the deep waters of India. He made ONGC a global level company in terms of integrated energy.

The chief guest of the lecture was Mr. Meleveetil Damodaran. Mr. Damodaran has had an illustrious career. He was Ex-Chairman of the Securities and Exchange Board of India (SEBI). He also served as an officer of the Indian Administrative Services, Manipur – Tripura cadre and also served as Joint Secretary of the Banking Division in Ministry of Finance (India) for 5 years. He spoke on the topic of corporate governance. He mainly stressed upon the simplification of laws for better understanding. The present laws are actually provided in a complex way which gives people the opportunity to find loopholes and by-pass laws. He went on to say that the lawyers and C.A.s of the companies should provide proper disclaimers and disclose all necessary information in a clear and concise way. He provided some thought-provoking examples such as the better representation of women in top posts in the corporate world and verification of laws and policies by the legal advisors. After this, he was open to queries.

We really learned a lot from this lecture. The views presented by the distinguished dignitaries gave us an opportunity to get a closer look into the corporate world that exists today.

By – Himangshu Khound

Class of 2019

Aug
29

The Scope and Future of Blended Learning in Management Education

Blended Learning in MBA

 

In recent times, education systems worldwide have seen a massive paradigm shift with the advancements in modern technology. Blended learning has become the new catchphrase in the global education space.

Hybrid or Blended learning is a form of education system in which students can learn subjects online by watching video lectures at home and studies can be done in class with teachers and students discussing and solving questions. By incorporating information technology into class projects, communication between lecturers and students can be improved and students can better evaluate their understanding of course material through the use of computer-based qualitative and quantitative assessment modules. Blended learning can enable students to become active learners through reasoning and concept application and also allow increased student interaction with peers and instructors. By keeping students engaged in class, it can decrease distraction, enhancing retention and application of acquired information. According to a research, a sizable number of students expressed satisfaction with blended learning and found it to be a relevant and effective learning approach.

Scope and Future of Blended Learning:

  1. Greater time flexibility, freedom, and convenience by working part of the time online from home.
  2. More interaction with the instructor and fellow students.
  3. Access to unlimited updated resources available through the web.
  4. Enhance skills in time management, critical thinking and problem-solving.
  5. Increased success as measured by fewer course withdrawals and higher grades.
  6. More participation in classroom discussions and ability to choose environment-Online or Face-to-Face, in which they feel more comfortable.
  7. More time to reflect and refer to relevant courses and other research materials.
  8. 24/7 access to online course materials.
  9. Receive more frequent feedback from their instructors.

Innovative, dynamic and efficient, blended learning certainly has a promising future in the realm of higher education. For it makes the learning experience collaborative and immersive, it has the power to not only revamp contemporary educational models, but also implement unique ones.

Student Entry by Akash Patra, Class of 2018

Aug
17

B-Involved: The Student Employability Skill Enhancement Program

FIIB has started a unique student employability skill enhancement program->B-Involved. It offers a platform to the students to enhance their soft skills, be employment ready and stand out from the crowd helping them to boost their self-confidence. The program offers immense benefits to students for participating in extracurricular activities including the FIIB club activities. The aim of the initiative is to groom students for finest placements and help them become successful managers in future as they learn through non-academic activities in the campus.

In FIIB there is a number of Students’ Action Committees to cover various professional and administrative activities. These Committees, each headed by a faculty member/officer, provide an excellent forum to strengthen managerial capabilities through the practical application of life-size projects outside the classroom. With a view to promoting a student-driven culture at the Institute, it is recommended that students participate in these committees to assume greater responsibility, assume leadership roles and promote constructive activities within the FIIB community.

  • Each club has 3 co–heads elected from each batch and the positions are for a one-year term.
  • The Institute provides seed fund each club with a starting corpus; however, clubs have to strive to raise sponsorships for the specific events they organize.
  • Annual activities for each club could include:
    • Organizing conferences/seminars in their relevant area
    • Regular distinguished speaker series
    • Workshops for skills and career development
    • Relevant social events that enrich the entire community
    • Career fairs
    • Contests
  • The officers for each club are required to present an annual plan for their particular club at the beginning of their term; periodic follow-ups on these plans are conducted.

Every FIIB student has to get enrolled in this program but he/she needs to score the basic points to stay in the program. The points slab is given below and has to be scored by the student during the entire academic calendar.

Slab Points Benefit
Basic 50 Become eligible for scoring a Bronze/Silver/Gold
Bronze 100 Eligible to redeem the benefits offered at this level + upgrade to the Silver level by scoring more points
Silver 150 Eligible to redeem the benefits offered at this level + upgrade to the Gold level by scoring more points
Gold 200 Redeem the points for splendid benefits like FIIB Linkedin endorsement, Sponsorship for participating in an external conference, achiever badge etc.

Employability skills enhanement

The program not only covers activities like participation in guest lectures, attending a conference at FIIB, attending events-both national and international, writing blogs on FIIB events, completing feedbacks on time but also covers various extra-curricular activities which are conducted in the FIIB clubs from time to time.

Aug
14

Should meetings go the way of the dinosaur?

Meetings are an integral part of any organization. Meetings provide a platform where executives can interact with each other and take decisions regarding key problems. Besides this, meetings also provide a safe environment for all who would be present in order to speak openly.Management Meeting.

But in today’s business environment, there is a huge subsection of employees who view meetings as a waste of time. I wouldn’t say they are wrong because meetings nowadays tend to be so extensive and laborious that they end up merely consuming one’s time and energy.

But even so, meetings cannot be avoided because they act as a check on the progress of the organization.

Let’s look at a few reasons why meetings play an important part in any organization:-

  • Better decisions – Although there are few instances where decisions are not made at meetings due to some reasons, but most of the time meetings play a vital role in the decision making process. This may be due to the fact that in the setting of a meeting, different individuals are able to put in their own perspectives which sometimes shed light on some key issues which are being pondered on.
  • Better resolution of conflicts – Conflicts are expected to arise in any professional environment. Sometimes these conflicts don’t get resolved and they end up inflicting damage on the work environment. Meetings provide a safe environment for the conflicting parties to sit down and discuss their problems and reach a mutually accepted decision.
  • Thorough follow-up and follow-through – What is actually important is not what happens during a meeting, but what happens after it. The decisions taken during a meeting give purpose and direction to employees. They feel more motivated because they are given an opportunity to present their individual ideas and perspectives and in the process are made to feel important and a part of the team.

I believe there is truth in the fact that meetings do take up a lot of time but at the same time meetings are important and they need to be conducted at regular intervals. Meetings have more merits than demerits. However, there are a few steps that can be taken to ensure that meetings are more productive rather than time consuming. Here are a few tips to make workplace meetings more effective:-

  • The objective of the meeting should be precise and it should be understood by all who are present for the meeting.
  • Only invite those individuals to the meeting who are relevant for the topic being discussed.
  • Start and end the meeting punctually so as to wrap up the work in a timely fashion.
  • Ensure there are break intervals during the meeting to negate wavering attention and boredom.
  • Avoid using PowerPoint presentations. A visual aid is usually helpful but a PowerPoint presentation tends to become the oft-used crutch by a weak speaker who struggles to engage the audience without it.
  • Closed boardroom meetings might be the norm in a workplace, but in a one-on-one scenario doing something different might actually be beneficial. For example, talk-and-walk nature meetings are becoming very popular in recent times.
  • Make sure meetings don’t end up being mundane and sad. Efforts should be made to keep the atmosphere a bit light so as to keep everybody’s attention on the topic at hand.
  • Unless it’s absolutely necessary, avoid using your laptops for the duration of the meeting.

Student Entry by – Himanshu Khound (Class of 2019)

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