Mar
22

Internship at at Birla Sun Life Insurance

For any MBA student, the interim internship is one of the most crucial aspects as it teaches us how the industry works from a first-hand view. For most of us, this might be the first glance into the corporate world. An internship is usually seen as one’s ability to work in a specific function under proper guidance from a mentor in the firm.

When I joined the Fortune Institute of International Business, the first thing I noticed was the previous marks on the notice board regarding their CIP reports. At that point, I did not realize what an important role the experience and the skills I would learn in the 3 months’ internship would play.

When the process started, I was nervous about whether I will get a good company or not. But thankfully, I got through the Birla Sun life’s interview and got selected. I was informed that the work would mostly revolve around portfolio management. As an Investment banking aspirant, the knowledge that I would acquire and the skills that I would develop in this role would help me immensely in the future.

One of the things I have heard most about Birla is their brilliant and helpful work culture which is something I would like to be a part of. Since this would be my first ever “job”, I am mostly excited to be given some real responsibilities other than the house chores I am used to. I am also excited for the training which would revolve around how analysis is done and decipher the best instruments to invest it. On top of that, I am eager to find out how the work is carried out in these large financial institutions. I do however hope that I get a nice workspace which is free from disturbances and also allows me a space for creativity.

I do have to mention that I detest wearing formals and would prefer to be in pajamas all day. So, I do have a bitter thought in my mind regarding that but it is a most welcome change. I do have apprehension regarding my travel route and the timings but I am willing to work through those. Not to forget, I would prefer to see familiar faces around me but I have realized that I cannot have my way everywhere.

Internship at Birla Sun Life Insurance Company Limited

Aishwarya Bajpayee

Class of  2018

 

Mar
21

Corporate Internship Program Anticipation

Finally, it’s time to step up on the first step of the ladder of my career in my PGDM where I dreamt of achieving my goals.

On the very first day of my PGDM, I was very nervous about my future but now once I got selected for the very first interviews where I got some vision to direct my life because I never hoped that I am even capable of doing a Corporate Internship Program and this made me think that how the placement plays an important role in my career.

The selection in the interview for the internship gave me a boost because I had not only got selected in a single company but in another company as well and now I had a proposal of two companies at the same time, the moment I got this news, I was in heavens but now the situation becomes dicier here as it’s about options and things become more difficult when you get many options for the same price. This lands me up in a confused cloud.

So, I took the help of my mentors to get through this confusion and they said “whatever you do, just give your best and you should see your experience instead of seeing companies” this gave me such a relax and great inspiration which made my selection easier.

Now, this is the time to go for the option which I have chosen after so much of anxieties and to this, I selected one of the best companies out of those two but unfortunately, that company has selected some other candidate which they might have probably found better than me.

This gives me a lesson “Never take the things for granted” & “there is always a suitable time for suitable things”.

After all this I finally got the joining letter of the preferred organization that is “Ingenetus Consultants” a start up. The startup puts more and more responsibilities on your shoulders and this will somewhere help me in gaining the in-depth knowledge of the organization to enhance my experience more.

I anticipate that in my Corporate Internship Program I will be able to seek good social experiences as well as improve my management skills because I am a Marketing student and this will help me to make my CIP report best amongst my batch mates.

Student Entry by –
Prateek Monga,
Class of 2018

 

Mar
20

Industrial visit experience at Mother Dairy

As management students, we need to know about different industries, to keep ourselves updated about how they function, how they manage their business operations, how do they manufacture, price, and promote them after distribution, how they identify and meet their customers’ needs and demand etc., and Industrial visits serve as easy means to understand all this.

Mother Dairy- Industry Visit
We recently visited Mother Dairy at Patparganj, Delhi. A company that basically sells milk and milk products to customers. They are presently the market leader in Delhi NCR. We met the Senior Executive of Mother Dairy Plant, who introduced us to their company and the competition in the industry. He explained their entire product line, the reason for pricing for each product, trucks helping in transferring milk from plant to retails shops, advertisements on various print media etc. We learned how their plant works every day, how the maintenance work is done if damages are found, how trucks help milk get distributed in the market etc. We also got an opportunity to interact with the other visitors from various colleges. Then we were taken to see the live plant operation at Mother Dairy, where they demonstrated how the employees do laboratory tests to determine the purity of the milk. Finally, they talked about Mother Dairy’s future plans to expand their business beyond Delhi NCR and how they are going to compete better with their competitors. For a sustainable future, they are using solar panels to save electricity. They also have coin based milk ATMs to protect the environment from pollution.
Learning was immense for all of us after the industrial visit was over but I personally got an overall idea how Mother Dairy manages its brand, maintain good relations with the retailers, and how they estimate consumers’ needs and wants from time to time. I personally felt, many Operation Management principles which we are studying, were being used by Mother Dairy for smooth plant operation.
I hope I get more of industrial visit exposure in future, to know about some more industries.
Of course at the end we were given the customary Mother Dairy Ice Cream!

– Student Entry from Akash Patra

Mar
08

Women: From Motherhood to Mars  

 

Last month in February a news caught our attention that 16 women crew members of Air India embarked on an unusual journey of ‘Women Only Crew’ flying 15,300 KMs in a non-stop international flight, it was certainly a moment of pride that I and many other women take in being a woman. From flying planes to taking the lead in protecting our country on the border to being the Rocket women of India and handling the Mars Orbiter Project, women are doing it all and breaking the stereotypes every day.

However, if you observe closely, women still haven’t got the right share of empowerment and growth as compared to their male counterparts. According to Forbes’s Most Powerful People of 2016, only 6 women’s names made to the list. And there are still parts of the world where women are not treated as first rate citizens and employees. There are many pioneering issues that are looming large and hindering women’s growth globally:

  • Poverty and lack of jobs and opportunity
  • Disparity in wages between men and women
  • Human Trafficking/exploitation
  • Poor health and maternity benefits
  • Social obligations and stigmas

What has gone right?

However, we also see small positive steps taken in the direction of addressing these issues, especially by the government and corporates, for example:

  • Universal Women Helpline to protect women from violence and exploitation
  • Several Training and Employment Program for Women
  • Government initiated Micro-Finance services for women to help them with small home based business set ups
  • Medical benefits and work relaxation during and after pregnancy.

Corporates and MNCs have also taken a few big steps by giving preference to women in terms of recruitments and hiring and even extending the 12 weeks’ maternity leave to 24 weeks, and supporting NGOs that work for the empowerment of women. Be it the corporate ladder or the family structure, it’s all about providing equal opportunities and platforms to women to help them become an equally deserving member of our society and work places.

At FIIB it is our persistent effort to provide equal opportunities for our female students, from internships to placements and acknowledging alumni achievements. Girls make 33% of our student strength and with each batch we are striving to achieve a higher percentage.

 

Mar
07

Sustainability during Festivals

Holi is just around the corner, the festival of colors, and unity with a lot of fun and of course food. Like many other Indian festivals this one too sees a nationwide celebration, themed events and a lot of bad and not-so-environmental-friendly practices and social rituals, including the use of chemicals, sprays and artificial colors, along with massive waste of clean water and pollution of local water bodies and resources. In fact such practices end up affecting the people themselves and many suffer from allergies and rashes due to the use of chemicals and artificial substances.

What to avoid? And what better ways can we adopt?

Here are a few steps one can take to celebrate a more sustainable and environment-friendly festival:

–       Avoid chemical based color and sprays, and buy only the organically made colors. Better yet, you can even try your hand at making colors at home with locally produced flowers and leaves. Multiple sites are available online giving tutorials on preparing organic colors at home which are far skin friendly than their chemical alternatives. In fact the youth can even do some profit making by coming up with sustainable business ideas of producing and selling organic and homemade colors.

–       Avoid playing Holi with water as it directly hits the availability of water for the next few days, moreover when used for balloons and plastic water packs not only does it cause injury to people and children, the use of polythene further becomes a threat for the environment. And if you must play with water then make sure you keep the use to the minimal level and encourage others to do the same.

–       Look for variations and alternatives, for example you can also play Holi with flowers and leaves as they produce not only colors but fragrance too, and are completely organic and environment friendly too.

–       Be considerate towards the animals too, avoid putting color or smearing your pets with chemical based Holi colors as it creates many hazardous effect for them too and they suffer in silence.

Festivity forever

 Celebrating large scaled festivals is quite a part of the fabric of India and Indians, however being a responsible citizen includes adopting sustainable measure to live and celebrate. A few changes here and there can bring about a big and significant change in the way most of our festivals end up with.

Mar
03

Avoiding common mistakes during Group Discussions

Good communication skills are as important as a good educational qualification. You may be excellent at your work and possess all other necessary skills to perform well in your job and the role around it. However, communication skills give you an edge over others, as often good orators and presenters are considered as people good intellect and thought process too. Employers also associate good communication skills with better employability skills.

MBA admissions

Most of you may be at the early stage of your careers or are aspiring management students and professionals, hence it is crucial for you to give the importance of communication skills in the roles you aspire to take up in your jobs. A dress rehearsal or run through to map this could be the participation in Group Discussion and Personal Interviews during admissions and recruitments drives, and keeping a few points in mind could prove to be really helpful. One can take care of the following things during the GDPI:

Introduce yourself well and pay attention when others introduce themselves, this will give you an idea about what social background they come from and their thought processes too. Be yourself but don’t overdo that part. You should certainly be at ease while you participate in the GDs avoiding any tension in your body or mind, however, one shouldn’t confuse it with being too casual, or careless about maintaining a decorum and avoiding and unparliamentary language of verbiage. At all occasions keep it mind that you intend to get into an environment of professionalism through these discussions.

Make yourself heard but don’t shout to gain everyone’s attention. Admission teams and employers usually don’t miss out on candidates who speak clearly and boldly keep their views forward. Cutting others short and disrespecting their views would only show you in a negative light, and may lead to your non-selection. Also, avoid taking discussions personally, as you would also be judged on your ability to handle opposition and criticism.

Don’t haste and take sufficient time to form your answers and ask the moderators or company representatives to repeat the questions if you haven’t understood. Avoid speaking without thinking or weighing your answers and of course, make sure that you stick to the topic and not deviate from it. For example, if the given topic is ‘demonetization’ the avoid talking about comparing BJP with Congress or AAP or any other party. Stick to the topic and mold your responses around it, by using simple language that all participants can understand. People with clear and simple communication are usually the first choice of employers.

Last but not the least, make sure you finish your responses in due time and let others also speak and put their views forward. Also, try to bring the discussion to a valid and relevant conclusion for all to understand and something that everyone can take note or inspiration from.

Mar
02

Blood donation

No matter who we are, no matter what little we are capable of, we can always do something to help others.

Blood donation

Recently, FIIB’s Jaagriti Club had organized the annual blood donation camp in collaboration with Lions Club, and I too, donated a unit of blood, however, I would like to share that this was the 12th time I donated blood in last 3 years. I am also associated with the 4 leading organizations who work for the similar cause and helps people with medical emergencies. Needless to say that it feels great to be a part of such a noble cause, even if it is donating one unit at regular intervals.

Though I took inspiration of donating blood from a popular Blood Donation Campaign on TV stating ”karke dekho, achha lagta hai!”, and of course from my friends and family members, I also feel sad about the fact that not many people know about the process and how with barely any hassle we can change and save someone’s life. I happened to talk to a few friends about the benefits of donating blood, but found them completely afraid of it, as they have harbored a lot of false fears and apprehensions about this process.

Blood Donation.

I understand people’s fear of about donating blood however, keeping a few things in mind can really take the tension off the process. You will not become weaker by donating blood, rather the process can help keep you out of the risk of catching diseases related to heart and liver, and it also gives you a better blood flow and great iron level in your body. Make sure you donate blood to a recognized blood bank or NGO, and always ask for a fresh needle and a certificate too. This association in return will help us too during a similar medical emergency.

During our management classes, we often talk about sustainability and corporate social responsibility, and how a true leader can never emerge in isolation from the society and the people. We cannot ignore the little things we can do within our immediate circle, for people, for nature and the environment. I think, if we truly believe in adopting sustainable measures for a bigger cause, it has to start from us. Each individual can contribute towards the betterment of the society, and these practices can really help polish our leadership skills rather than just sitting in a classroom and flipping through the slides of a fancy power-point presentation.

Student Entry – Aman Buddhraja

Mar
02

Being a part of the 7th FIIB Sustainability Summit 2017

We have crossed the stage where sustainability is a choice or just social pressure to adapt to, it has rather become an uncompromisable condition to survive on this planet.

Last week we held the 7th FIIB Sustainability Summit at the campus and I had the opportunity to be the emcee for it. It was a fabulous event organized in the college auditorium where the students were exposed to views from some established stalwarts of the Business and Government world. There were 2 themes of the event that divided the summit into 2 halves.

Sustainability Summit 2017

Part 1 was ‘Sustainability: Economic, Environmental and Social’ where the Panel Discussion consisted of 4 members along with 1 moderator. The panelists presented their views on a variety of situations prevailing in their respective businesses, for example, Mr. Phil Turner, Head Safety, Health and Environment – Vedanta Resources Plc. informed us about the impact of the mining industry on the environment and on the lives of people, and how coal mining is a dangerous job for both the workers and the ecology, due to the instability of the mines and the ash that is released due to the burning of coal.

This is just 1 of the several examples that the students had their ears and minds exposed to. Another one was by Mr. Vijay Rai from NHRDN who explained to us in detail about how sustainability needs to change from just a topic of discussion and worry about an attitude, and how the students can be more sustainable in their lives.

The points that we could relate to were also from various aspects of life, like ensuring a sustainable future by a judicious use of resources available to us, like electricity, water and using more of public transport to keep the air quality from degrading further. We learned how nothing can survive in this volatile, uncertain and complex world by adopting an unsustainable path, be it at an individual level or at an institutional level.

Such points were good enough to capture the attention of the audience, and being the Emcee I could sense the audience paying a significant amount of attention to the discussion.

Another thing that was of prime importance was how the discussion moved towards a social context from environmental and business specific, and soon there were talks of public transport working on greener fuels on a large scale, and a few things that all countries could learn from Sweden about sustainable growth – a point by Mr. Bibhuti Pradhan, Chief Manager-CSR and Sustainability areas-IOC, Land then there was Mr. Manpreet Singh, Director, Climate Change and Sustainability Services– KPMG, telling us about how difficult it is for a market research organization to give suggestions to huge businesses whose implementation could end up hurting the pockets of such organizations.

The larger social context came in when Mr. Swapnil Tewari, a sociopreneur, and Founder-Speaker -Livemad Philosophies, a dyslexic by birth and a dreamer by choice stepped up onto the dais and told us about the horrifying situations prevailing in the rural areas and gave us advice on how we could do something for the larger good of the society at our own small level.

All in all, it was a fantastic experience to be there and speak at such a prestigious gathering and was even lovelier to find students participating and trying to know from the stalwarts how they could make a difference, although at minute yet significant levels.

Feb
28

My Live Project experience at PaperBoat and Axis Bank

 Live Project at FIIB

I believe it would not be an exaggeration to call an MBA college a mini-corporate house where all aspiring managers get management education along with supportive corporate exposure. FIIB is one of the leading MBA colleges in India that provides best of the managerial education to students. For example, as a fresher I knew a lot about the art of management, but did not have any prior corporate work exposure. So, I could not relate things that I studied in the classroom with the world outside. However, a Live Project was my 1st step towards the corporate world.

At FIIB, my first live project experience as an intern was with PaperBoat, which manufactures fruit juices of various flavors. I promoted PaperBoat Gift Boxes(containing PaperBoat juices, Book and a Card) at a store directly to customers. Initially, I was clueless about doing it, like how to convince the customers, how to achieve the given target. But PaperBoat’s Marketing Head, Mr. Parvesh helped me sail through it. As this was my first live project, I did face many challenges, but the best outcome was that I learnt a lot from this experience. I could now implement some marketing concepts like customer engagement, customer delight, brand awareness and brand building etc. that I learnt in classroom, to my work. I learnt about B2C marketing too. Though I still feel the need of more exposure to

Though I still feel the need of more exposure to grow myself professionally. I was lucky enough to get the second live project opportunity with Axis Bank where I had to promote the Axis Pay UPI app to business merchants in Delhi NCR. Due to demonetization, Axis Bank came up with Axis Pay UPI app to make digital payments directly via bank accounts. So, to promote this app, every day I had to visited every single store in Delhi and convinced the business owners to use the app to accept payment from their customers. But this was not as simple as it seems. Paytm had already grabbed the market and it was challenging for me to make the merchants use Axis Pay. I had to convince them about Axis Pay being better than Paytm and other Digital wallets. This live project practically taught me sales negotiation, objection handling and B2B marketing. Now I can proudly say that I have some practical sales exposure that will definitely help me during my summer internship and final placement. I am now looking for some more opportunities to make my hold stronger in the Sales and Marketing field. And Live Projects at FIIB definitely helped me gain maturity, experience and the ability to connect different marketing concepts on field, which I am really thankful for. At a personal level, Live projects helped me improve my communication, confidence and the ability to handle things under pressure. These skills will not only help me in my profession but in my life too.

-Akash Patra, Class of 2018

Feb
25

The 7th Sustainability Summit

FIIB celebrates its Founder’s Day every year in the form of a Sustainability Summit to honor the Institute’s founder Mr. R.K. Shrivastava. This 7th edition of the Summit too upheld the similar idea. Since its inspection, the FIIB Sustainability Summit has inspired more than 1900 students, academicians, and professionals, to strive for sustainability based growth model for their careers and businesses. FIIB has also launched the ‘Make FIIB Green’ campaign as a part of its environmental conservation drive. Following the motto of “Reduce, Reuse & Recycle”, the Institute has developed Sustainability Development Centre to work towards aspects such as energy & water conservation and employee welfare. This summit once again served as an ideal and unique forum for Students & Leaders from business, academia, government and NGOs to engage in dialogue in the field of sustainability, with speech and panel discussion on themes such as from the green line to bottom line creating value through sustainability From the Boardroom to the Shop floor. Today FIIB’s founder Mr. R.K. Shrivastava’s motto of “Give more than you receive!” resonated once again in the campus today, as FIIB’s Executive Director Ms. Radhika Shrivastava addressed the participants of the summit and handed over the 3rd ‘FIIB Leadership in Sustainability’ Award to Mr. William Bissell, Managing Director- Fabindia, a brand which stands as a harbinger of sustainable growth model.

A Keynote Address was delivered by Mr. Vijay Rai, Managing Director – APAC & EMEA Markets, Savior US INC & President – NHRDN on ‘Sustainability & its Importance in Today’s Evolving Business & Social Communities’

Following were the dignitaries who participated in the panel discussion on the theme of ‘Corporate Sustainability- Economic, Environmental and Social Developments’, moderated by Prof Partha Pratim Saikia, Assistant Professor, FIIB:

  • Mr. Phil Turner, Group Head Safety, Health & Environment, Vedanta Resources Plc
  • Mr. Manpreet Singh, Director, Climate Change, and Sustainability Services, KPMG
  • Mr. Bibhuti Pradhan, Chief Manager, CSR & Sustainability area, Indian Oil Corporation Limited
  • Mr. Charudutta Panigrahi, President – Forum for Integrated Development & Research (FIBR)
    The panel discussion was followed by a special address by Mr. Swapnil Tewari, Founder- -Livemad Philosophies, ‘Forbes Changemaker 2012’ on the topic ‘Sustainable Development for the Marginalized.’

The last panel discussion was on the theme ‘Social Enterprises in India – The Road Ahead’, moderated by Prof. Tushar Sankar Banerjee, Assistant Professor, FIIB, and participated by the following speakers:

  • Prof. Kuriakose Mamkoottam, School of Business, Public Policy and Social Entrepreneurship – Ambedkar University
  • Mr. Arun Talwar – Chief Operating Officer, Udayan Care
  • Mr. Niraj Gupta, Founder, Weekendworks – Junkart

It goes without saying that all the students, faculty members, and guests of this summit gained a perspective on adopting innovating ways towards sustainability and its application to education, business, and development models, by gaining knowledge out of regular academia. The summit successfully inspired everyone towards taking individual responsibility to make sustainability a personal mission and means to contribute towards making a safer and happier world.

Check the entire album here: http://bit.ly/2lPaPHW

 

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