5 Reasons Why Organizations Should Invest in Employee Training
August 27, 2020
As an organization you’re always striving to increase your company profits to peak all the way up. While success & profitability are goals, what transpire it are employees. A company is strong as its workforce. As Zig Zaglar rightly quoted, you don't build a business – you build people – and then people build your business”. When employees are motivated, passionate about their work, their productivity is higher. How do you motivate employees to keep their productive level high? What if there was a way toreduce attrition rates, enhance operational efficiency, increase employee productivity, and in turn your profit without having to do much? You’d defy the thought, thinking it’s either too expensive or a sham. Well there’s a...
5 Reasons You Should Get A Degree in Management
August 27, 2020
Whether you are looking to learn how to manage a small business or become part of a corporation, a degree in business management can turn your goals into reality. It can also lead to career opportunities in management jobs in addition benefiting an individual’s professional credential. It gives an advantageous entry into the competitive global marketplace. There are many management degrees students can choose to specialise in. From degree in construction management to degree in sports management or degree in healthcare management. Here are five reasons as to why a degree in management is the way to go in today’s challenging economic times. Real business exposure Pursuing a management degree helps in...
5 Ways You Can Make Your Induction Programme Exciting
August 27, 2020
From an employer's point of view, an induction program is very important. It gives the employee a taste of what's to come, helps make the employee feel comfortable in their new environment, and also gives them an idea of what might be expected from them. For employees, an induction program is well, boring. Most employees, especially the seasoned ones, who have been through many organisations, are tired of hearing the same old thing. For them, it may feel like an in-flight safety announcement system. Well, here are 5 ways in which you can make your induction programme exciting. Create a document Improvise on the traditional induction programme checklist form of outlining things. Make things...
10 Sales Terms Every Aspiring Salesperson Should Know
August 26, 2020
Success comes when communicating with the person, in question, in a language that they understand. This holds true even in the realm of sales and experienced sales reps are well aware of the power of having a handle on these terminologies and phrases. If you are an aspiring salesperson and curious to learn the sales terms for freshers that every salesperson has in their depository, we have put together 10 fundamental sales terminology list to act as a beginner’s guide. Leads A lead is a potential customer who has demonstrated interest in your products or services and eventually is converted into a client. The first and foremost step in the sales process...
Data Science: Opening New Vistas of Opportunities in the COVID 19 era
May 14, 2020
It’s no secret that the COVID 19 crisis has taken the entire world by storm, pushing world economies into lockdown and global businesses into a screeching halt. This has been widely seen as the worst global economic fallout since the Great Depression of the 1930s. The unprecedented COVID 19 outbreak has deeply affected lives of millions across the world. Situation is no different in India as well. Battered by COVID 19 lockdown, more than 100 million jobs in India are in the firing line. While industries like aviation, travel and hospitality are the worst-hit, mayhem looks imminent in other industries also, from automobiles to retail, IT-software to pharma to handicraft, media to...
COVID 19 Crisis and Building Supply Chains of the Future
May 14, 2020
As the world has been grappling with the COVID 19 crisis, the economies across the globe suffered from unprecedented collapse, besieged with uncertainty about the macroeconomic outlook for 2020. The rapid outbreak of the pandemic has led to imposing of rigorous lockdown regulations across nations and organizations which halted production and impacted economies. The pandemic has invariably exposed the vulnerabilities of global organisations and more so of their fragile supply chains across most sectors and industries. Statistics revealed that 94% of Fortune 1000 companies witnessed supply chain disruptions due to COVID 19. Global supply chain disruption exposed in the wake of COVID-19 has underlined the reactive nature of business continuity plans of...
COVID-19
March 19, 2020
5 Things Employers and Businesses Should Do For Employee Welfare The Coronavirus scare, specifically the havoc wreaked by COVID-19, is evident throughout the globe. Daily, cases are rising and countries aren’t being able to keep up with the rapid increase in Coronavirus patients. Well, in such cases, it is prudent that everyone takes ownership and starts acting accordingly. One of the ways the virus spreads is by contact. Hence, it is important to limit contact. The next issue is news. It is very difficult to ascertain what is correct and wrong, as there are plenty of rumours. These need to be addressed, and the truth needs to be out. Many cities worldwide...
The Worth of Being a Professionally Trained & Certified Project Manager
March 19, 2020
Project management is all about the application of skills, knowledge, tools and techniques to meet the project requirements. It is the project manager who takes the helm of responsibility in all phases of planning, procuring, and executing a project. Everything from leading the team, managing the resources, and determining the success or failure of a project depends on how well a project manager sets the project on a smooth sail with his/her capabilities. Needless to say, the role of a project manager is a challenging one, requiring in-depth knowledge and experience in the field of project management. And this is where ample industry experience, technical know-how, project insights, and soft skills come...
The Various Roles & Responsibilities of an Investment Banker
March 19, 2020
It is not your salary that makes you rich; it is your spending habit _ Charles A. Laff The entire setting of the economy in the twenty-first century is undergoing a radical evolution and advancement. India is categorised amongst the globe’s seventh-largest economy that falls in-between Italy and France. However, recent challenges in the economic landscape, such as the downfall of the nation’s GDP growth to 5.7%, rapid year-on-year growth in population, advancing business prospects, and degradation of infrastructure are consistently creating new subjects of concern for the government. With these significantly arising complexities and intricacies, the government is becoming reliant on potential banking systems and strategies to cope with the current...
The Skills & Abilities that the Senior Management Professionals Must Necessarily Possess
March 19, 2020
Moving up the corporate ladder to be a part of the senior management team: isn’t that the dream you have always nurtured in your heart? So, what does it take to be one of the top executives of an organisation? Is it just your degree and your experience? Or, is it something beyond that? While we, at Times TSW, have never negated the importance of a degree and experience, we believe that it is also the plethora of skills that a professional comes with, which makes him/her the right fit for the job. So today, let us discuss further about what are the key skills and abilities that a professional working on...
Key Skills You Need to Rise as a Successful Investment Banker
March 19, 2020
The finance industry is one of the ever-expanding industries in India that is constantly maturing in terms of supply, products, and reach. Besides, with the recent massive expansion of the healthcare, housing, and retail sectors, the finance and banking industry is expected to multiply even more with time. Key segments of financial operations in banking organisations are evolving and advancing, and one of the most prominent ones is investment banking. The sector of investment banking today is considered as one of the most suitable and lucrative career domains for young and ambitious banking professionals. However, the concept of investment banking is gradually parting from the conventional shackles and propelling into a much...
Investment Banking & Its Various Types
March 19, 2020
Banking is an integral part of the economic structure, and it helps the economy to perform optimally and stay in harmony with the market forces. The gulf between common people and the market often gets bridged by the commercial banks that cater to the financial needs of the mass in line with the market dynamics. Proper allocation of resources and investments are also done by the banking institutions between the common people and the market. However, when it comes to a transaction between the corporate authorities or the investors and the market, a specialised banking channel comes to the fore, and that is what we know as investment banking. While commercial banking...
The Rising Need for Healthcare Managers
March 19, 2020
The recent innovations such as IoT and Wearables, Artificial Intelligence, Robotics for medical care, Telemedicine, etc. are some of the most powerful signs of the notably revolutionising healthcare industry. What the current world of healthcare is undergoing can be considered a significant metamorphosis, which is impacting the arena of healthcare management more than ever before. From tech-savvy approaches for handling new kinds of medical supplies to training the modern healthcare workforce for revenue pressure, healthcare management professionals are required to pay heed to numerous aspects at a time. From records and finances to affairs that contribute to building the overall reputation of a healthcare organisation, it is the healthcare managers who shoulder...
Lessons Learnt from the World’s Greatest Business Leaders
March 19, 2020
Taking a look at the greatest names in the world of business surely brings in the sense of awe and wonder in the minds of anyone. To a professional or an entrepreneur, it might seem like a dream to touch those heights of success and accomplish what the brightest business minds have achieved. However, what if we just reshape that thinking a bit, and go back to the days when even they were young professionals like anyone else; hustling it and pushing it forward through all the obstacles along the way. Now, does it sound more relatable? Haven’t all of you done the same to reach the senior position that you are...
Constant Upskilling of Employees is the Prime Requisite for 21st Century Business Organisations
March 19, 2020
Technology has swept everything in its way, and this growing penetration of technology has made the business world assume a completely new shape and identity. Most of the business operations today run with the aid of technological tools and techniques. It is this infiltration of technology in the mainstream corporate landscape that has made the skill revision of employees an absolutely essential aspect. Up-skilling is not only about hiring a new set of employees equipped with the relevant knowledge to run the show effectively. It also includes providing training to the existing workforce composed of people from different layers of society and generations. What is required is to unify the skills on...
Understanding an Integrated HRD System
March 19, 2020
With the advent in technology, the arena of human resource management has undergone massive expansion and development in the past few years. Newly emerging technologies, trends, paradigms, and more essentially, the demand for perfection and aptness in the business landscape, have largely contributed to evolving the way Human Resource used to function. Today, advanced HR practises are inevitable to minimise challenges and deliver maximum productivity. After all, it is the Human Resource that serves to form the backbone of any business organisation. One of such powerfully emerging and leading HR trend in the current times that is aiding the leading business organisations is the Integrated HRD system. Let us have a look...
The Most Trending Growth Strategies You Must Inevitably Know About
March 19, 2020
Growth is probably the only phenomenon associated with business that must necessarily remain constant throughout its operations. The fact is that if an enterprise is no longer looking for growth, it is not going to thrive in the competitive market for long. To that end, diversification and strategic growth plans are two correlated dimensions, which form two indispensable wings of growth. A specialised team is always required at every organisation to trace the market elements regularly to forecast the future business environment and craft a business growth plan accordingly. It is of paramount importance to keep the market dynamism in mind while crafting the business growth plans, or else, the strategies might...
Cross Cultural Management & Its Significance
March 19, 2020
The continued flow of immigration and expanding international trade has led the workplaces to be filled with people from varied cultural backgrounds. Companies, regardless of which part of the world they are based in, have branches all over the globe. They form joint ventures, mergers, and strategic alliances in order to be a part of this global marketplace. In such a scenario, cross cultural management is one of the major catalysts that help an organisation become globalised in the true sense of the term. Cross cultural management is all about dealing effectively with people of different cultural backgrounds in a workplace scenario in order to bring out co-operation and ensure teamwork. So,...
Information Technology Management – Career Scope & Opportunities
March 19, 2020
Our intuition about the future is linear. But the reality of information technology is exponential, and that makes a profound difference. If I take thirty steps linearly, I get to thirty. If I take thirty steps exponentially, I get to a billion._Ray Kurzweil The field and the entire notion of information technology require the least introduction when it comes to the modern world. IT is the most powerful entity that the twenty-first-century business landscape is thriving on. From storing and distributing to creating data, everything is backed by the boons of Information Technology. This close interlinking is further strengthening as well as widening the prospects and possibilities for IT to deeply seep...
Risk Management is a Crucial Aspect in Finance Management
March 19, 2020
Risk, in today’s time, is considered to be an inevitable facet of the business landscape. It won’t be wrong to say that the success of a business venture in the current era remains insufficient without the assumption and embracement of risks. It is because of this reason that the 21st-century business organisations perceive risk factors as a constructive and pragmatic prospect when it comes to escalating their ventures to the next level. An intelligent approach often utilised by the twenty-first-century business organisations to control and tackle emerging risk factors is the risk management strategy. The role of risk management strategies come into play when it comes to harmonising the insurance expenses against...
What it takes to Rise as a Phenomenal Operations Manager
March 19, 2020
The face and dynamics of businesses are changing, and the change is happening pretty fast, indeed. Even the earlier standards against which organisations used to measure their efficiency have changed drastically. It’d possibly be safe to say that most of them aren’t even relevant anymore. All thanks to the growing competitive world where survival of the fittest is the only rule that works. And this is what a business operations manager needs to abide by as well. Only if they can come up with innovative ways to manage the business, can they expect to move the business and himself up the success ladder. To some, this skill may come naturally; for others,...
Why is Financial Management Vital in Keeping a Business Alive?
March 19, 2020
It is a widely known fact that regardless of how passionate or committed you are to your business, it will all be in vain without a proper supply of capital and tactfully managed finances. After all, when the business is showing signs of growth, you need the right plans to make sure that this growth is sustained. And, similarly, when the sales are slow, you will still need to have a plan in place that keeps you away from landing in debt and helps you pay off your employees, vendors, and utility bills. So, in more ways than one, financial management is the life-breath of your business. It is the one thing...
The Key Elements of a Successful Marketing Plan
March 19, 2020
Two things that are of utmost importance to any business are resources and time. And oddly enough, these are also the two things that most of the businesses face the maximum paucity of. It seems like there are never enough resources to expand the business further, and never enough time to handle all the multifaceted responsibilities that are there. In such a scenario, we believe, having a sound marketing plan is like getting half the problem solved because not only does it saves a business from wasting time in futile strategies, but also ensures that investing resources brings the maximum returns. Now, having a successful marketing plan in the highly competitive environment...
How Does the Senior Management Benefit from Broadening Their Understanding of the Emerging Business Environs?
March 19, 2020
‘Business is an ever changing landscape. The sooner you learn, adapt and change, the bigger chance you have at being successful.’ The changing face of modern business has undoubtedly set new benchmarks for today’s business minds. All the different facets of the business world have undergone crucial evolutions, and one of them is the process of management and administration. We all hear of new business ventures popping up every single day, but only a few manage to make it a success. From business strategies, product developments, and product launches to marketing techniques, financial obligations, and customer service, there is plenty that is demanded by a successful venture. This is precisely where the...
The Immense Benefits of Data Science for the E-Commerce Industry
March 19, 2020
“Without data, you are just another person with an opinion.” _Edwards Deiming A mere click of a mouse can help to accomplish any minor to major goals nowadays. Probably this is why the current era is often referred to as the revolutionary ‘digital age.’ The twenty-first century is thriving on the digital platform. A recent significant survey states that about 80% of the purchases and selling are performed online nowadays. The ‘E-commerce industry’ is taking the world by storm. There is no denying that there has been notable and rapid growth in the rise of E-commerce in the last decade. In this article, we will be shedding light on how the e-commerce...