Top Trends Shaping the Future of Supply Chain
November 19, 2020
Supply chains all over the world are undergoing a huge change. External pressure, technology trends and internal evolution are pushing companies to revaluate their network, to find out how their future supply chain is to be structured, in terms of capacity and responsibilities. From the first assembly lines the world saw to today's advanced robotic solutions, the supply chain process is constantly evolving. Trends in supply chain and logistics have focused on smart, tech-driven solutions to bring down operating expenses, and boost efficiency. After all, having an edge today is all about staying relevant in a changing business environment. Logistics and supply chain operations are thus evolving constantly. There is the constant...
How to Handle Difficult Conversations with Your Team
November 19, 2020
Today, most organisations have verticals that have been formed into teams. Teamwork is at the core of every activity in the organisation. It is impossible to get anything done without teamwork. You can't work in individual silos anymore. It takes people to do things together, to get things done. Teamwork is a great way to achieve company objectives by pooling in everyone's strengths. People take different responsibilities and in the end, everything comes together for a favourable result. Teamwork requires patience, resilience, hard work, and camaraderie, amongst others. It also requires honesty. The honesty that can sometimes be difficult to get across, and hard to digest. Difficult situations and obstacles do arise...
Dangers of Micromanagement
November 19, 2020
Micromanagement is the constant control of a business or a project, with excessive attention paid to the minor details. While attention to detail is quite necessary to ensure that a company and its employees are carrying out business practices and processes with accuracy and foresight. However, there is a fine line between making sure your employees are doing well and breathing down their necks constantly scrutinising their every move. The latter is detrimental to employee's confidence and breeds problems that can eat away your business from the inside. There are many negative effects of micromanagement at a workplace. It kills the employee's morale, amongst others. The common signs of micromanagement are an overly obsessive boss, who...
An MBA For Working Professionals: A Boon For Those Who Missed It
November 19, 2020
Not everyone has the good fortune of pursuing a postgraduate programme immediately after college. There may be various reasons. For one, PG programmes like MBAs are expensive. The college graduates might have some familial financial operations. Then there are those who want to wait for a while before doing an MBA, but might get comfortable in their job, and forget about studying. There are those who feel they've hit a career plateau, and an MBA might help them break out of it. Whatever the reason, an MBA for working professionals is great for those who missed out on education. For most senior professionals who want to do an MBA, physically studying in another location,...
6 Reasons to Do a Postgraduate Certificate Programme in Healthcare Management
November 19, 2020
Healthcare management is an ever-growing industry, and healthcare management jobs might see huge growth this year. The need for healthcare providers and facilities is growing, as the population grows older, and life expectancy increases thanks to medical advances. The need for professionals to manage healthcare facilities is also growing. The recent outbreak of COVID-19 is proof that our healthcare system needs a major shot in the arm. This can only happen if more doctors and management personnel enter the healthcare industry. While doctors have a specific role to play due to the nature of the medical sciences, healthcare management professionals play a broader role. Healthcare management or healthcare administration is basically the...
Why Proficiency In Finance is Important for Senior Level Executives
October 27, 2020
In any corporate entity, a senior-level executive in a managerial or leadership role has to make decisions that often cut across functions. While your background might be something, you might be required to be proficient in something else, as well. For example, if you are a Brand Manager in an organisation that is looking to launch a new bar of soap, your game plan might go like this. You might need to draw up a viable marketing plan, after doing extensive research on your competition, the market demands, and your customer's needs, amongst other factors. After drawing up said marketing plan, you might need to determine how much money is to be...
Why a Senior Management Programme Will Help Leaders?
October 27, 2020
Leadership is a tricky role. You are in charge of everything yet in control of very few things. There are employees that look up to you as a role model, and you need to set the right example and embody proper corporate culture. There are so many things expected of a leader, and good work performance is just one of them. Moreover, not everyone is a natural leader. Some people have to learn some skills that make them effective leaders. Thankfully, there are senior management programs that leaders can undergo that can help them transform or augment their leadership style. It is, after all, the responsibility of a leader to ensure that...
What Makes a Great Manager Or Leader
October 27, 2020
Leadership and management are intertwined and come in various forms. Not everyone can be a good manager or a good leader. They are two different roles that need different skill sets to achieve success. However, at some point, they meet because many managers are leaders and vice versa. A manager should be a good leader. Leadership is a subset of management. A good manager needs to have leadership skills to urge everyone to work harder and move towards the company's objectives. Being a good manager includes learning new project management skills. A good manager needs to be a good leader, a good mentor, and a good ambassador. They need to be good...
Top 10 Bestselling Management Books You Should Read
October 27, 2020
Management is a vast field that requires constant study. You need to be focused right from the beginning. Students choosing business management as a field start right after school and do a BBA degree, often followed by an MBA. They then get placed in various positions in corporate entities through India and the globe. Even when they're working, managers need to keep expanding their knowledge, and staying abreast with the latest trends, while having a solid background in management practices and strategy that can help them overcome any obstacles in the organisation. Naturally, the key to expanding knowledge is by reading. While presentations, podcasts, videos and other forms of learning are cool...
Overcoming The Challenges of Remote Project Management
October 27, 2020
If you are a manager or in a managerial position, then you will know how managing remote teams can be a hassle. Setting up best practices in any organisation can be quite the task in itself, even more so when remote working teams are involved. There may be many reasons why your organisation needs a remote team – maybe you don’t need an office strength to work at a location, maybe the work is just temporary, or maybe it is just economical to work from a remote location. However, if these remote projects are not monitored with diligence, then remote employees can feel neglected and it might hamper efficiency. Managing remote employees...
Making Sure Your Feedback Is Taken Well During A Performance Review
October 27, 2020
As a manager or a leader, one of the most important things you have to do is give employees feedback. This is essential so the employees know where they're going wrong, and make amends accordingly. However, feedback is a delicate area. Employees are often on edge regarding their work. This could be due to various reasons such as a personal setback, recent mistakes at work, or some other stress. Hence, their recent feedback may not be good. In such situations it is as a manager, your responsibility to ensure that you take into account the employee's performance over a longer period of time and see whether they have been competent overall or...
How Will A Certificate In Public Policy Management Help Me?
October 27, 2020
Public policy is the method used by governments to translate their political vision into programmes and actions, to deliver results and changes in the real world. Public policies today are data and evidence-driven and depend on scientific evidence instead of history and culture. National constitutional laws and regulations make up the bed of public policy. There are also judicial interpretations and regulations that are authorised by legislation. A good public policy solves problems efficiently and effectively and serves and supports government institutions and policies, encouraging active citizenship. For those who are interested in careers in public policy management, a public policy management certificate is a must. This will help open up many opportunities. Here's why...
Getting The Best Out of Work-From-Home Days
October 27, 2020
Nowadays in the era of the internet, working from home is not an alien concept. There are many types of people who work from home. There are regular office-goers, who might not feel like making it to office or might be held up due to something on certain days. That doesn't mean work needs to suffer. There are also people who work remotely for most of their careers and don't go to the office unless they are being called or required. Then, there are freelancers who run their enterprises from their homes. The number of people who work from home has increased dramatically over the recent past. Working from home might seem...
Advice For Women Returning to Work After a Career Break
October 27, 2020
There are many women who take a career break. This can be due to multiple reasons. However, the most common reason most women take career breaks is to tend to children. They either take maternity leave, have a child or take time off to take care of a child. Childcare also happens to be a full-time job. Hence, new moms are often swept away in the chaos of it all, and their career takes a back seat. There are many women who would like to return to the workplace but are unable to do so due to their motherly duties. One of the biggest barriers to women returning to the workplace is...
Add Big Value To Your People Goals With a Formal Learning in Talent Acquisition
October 27, 2020
As talent acquisition specialist, you will be an indispensable part of any organization. This job profile involves more than just finding someone with the right degree or expertise in the necessary area. As job hiring specialists, talent acquisition managers have a flair for finding the right talent who are fit for the job and for the company too. The benefits of having a talent management specialist are innumerable, especially for fast growing large organizations. Who is a Talent Acquisition Specialist? A Talent Acquisition Specialist is more than just a human resource executive, and you may work in an HR department or you may choose to work as an independent contractor. While they...
6 Online Executive Education Programmes That Will Propel Your Career
October 27, 2020
One can never stop learning. Especially in today's competitive corporate world. Skills don't only impart vital knowledge, but they also get you certified. There are many executive education programs that can help broaden your skill-set and boost your chances of making that important promotion. Executive education today has become popular. This is because managers have realised there isn't really an end to learning. Business school isn't quite enough. Well, here are some of the best executive education programs you could consider if you want to accelerate your ascent up the corporate ladder. Leadership certificate programs Leadership is a vital tool in the arsenal of managers. While many argue that great leaders are simply born, some say...
Why Going Back to Classroom Will Take You Forward in Your Career?
October 13, 2020
Today, if you want to move forward in your career, you need to learn. Pick up more skills, and arm yourself theoretically, so you can perform better and get promoted. There's no dearth of sources of learning. There are executive education programmes, distance learning courses, leadership seminars, weekend programmes. In short, there's a lot of learning out there that you can take advantage of. These learning modules don't take too much time as well. So, you can be rest assured you'll be back on track on your career in no time, with the extra added advantage that education brings. Going back to the classroom has many advantages. You get to refresh your...
Unveiling the secret to a productive meeting
October 13, 2020
Be it internal group meetings or client meetings, a gathering of people to discuss the way forward delivers productivity measures in one way or another. They are a necessary tool to ensure that ideas are exchanged, problems are solved, progress is reviewed ensuring that everyone arrives at a fair agreement. However, a majority of employees believe that meetings are among the biggest time wasters in the world of work. Here’s how you can make your meetings more effective, by answering a few simple questions. Is meeting really necessary? In most cases, a meeting may not be the most productive way to discuss ideas. If it is all about setting an agenda, you...
The rewards of showcasing your achievements on Linkedin
October 13, 2020
One in three professionals on the planet is on LinkedIn. However, only a fraction of them taps into the true potential of their profile. Optimising your LinkedIn profile and showing off the right skillset & achievements can pave way for better career opportunities, improved salary prospects and will also help you to build a great network. Here are a few ways in which you can make the best use of your LinkedIn profile by deftly showcasing your achievements. Thematic Updates Having a complete profile is only half the battle won. Reports show that less than a third of the users post at least once a month and most of them only use...
Missed Doing That Postgraduate Degree? Don’t Fret!
October 13, 2020
There are many who start their careers immediately after graduation and there are enough reasons to do so. The reasons may be financial, emotional or just practical. For example, the person might have suddenly found themselves in a financially dire situation and they needed to start earning quickly. Some people who get good placements after their graduation in reputed companies would want to start working immediately to make the most of the offers and gain good amount of work experience. . For example, undergraduate students passing out of the prestigious IITs in India, get amazing placements with packages at par with graduates of Tier 2 MBA institutes in the country. Still others...
How Online Education Is Empowering Mid-level Executives in Their Careers
October 13, 2020
Learning today isn't limited to a classroom. Especially with information all over the globe in such tremendous quantities, there is learning everywhere. For those who might have missed out on learning opportunities when they were young, there are courses that can help them catch up. There are many online career courses that employees in organisations can take that can give their career a real boost. Today, online education is empowering mid-level executives, arming them with the tools required to take the big step towards senior management and leadership. There are many advantages of online training for employees. Primarily, they don't need to take a break from work and can focus on both...
General Management Program for Rich Global Perspectives
October 13, 2020
For an executive working in a mid-level position in an organisation, taking the next step to secure a promotion and an entry into the managerial level is very important. These executives usually find that at a certain point in their career they hit a plateau, and find it difficult to secure promotions. This is where higher education comes to the rescue, specifically general management programs from reputed institutions. A good management program can arm you with knowledge, open new doors for employment and give you access to a wide network of alumni spread across the globe. A good general management program gives you the flexibility to select from a wide variety of...
A Degree from Your Dream University Needn’t be a Dream Anymore
October 13, 2020
Getting into first-degree (Undergraduation) program is quite a defining part of any student’s life. Getting done with school and embarking upon that journey of dream university/college can be quite an experience in itself, especially when it happens to be an international/global university. However, it is also a stressful time for students as selecting the right university is no easy task. A right step can earn them a degree from their dream university, the right launch-pad for what may become a flourishing career. But a wrong step can prove to be costly to their careers. Many students during the last years of high school wonder "how to get into my dream college?" The...
Data to create smart cities Closing notes @Raise2020 global summit
October 11, 2020
Published by: Rashmi Hemrajani The final day of the #RAISE2020 summit witnessed discussions on themes like leveraging AI for pandemic preparedness, the role of AI in fostering collaboration & innovation & measures to create intelligent data repositories that can catalyse innovation using AI. Aiding in the current pandemic The session on leveraging AI for pandemic preparedness had experts discuss AI-based software tools that could help elevate the efforts of healthcare professionals and allow them to deal with the current situation better. Dr. Devi Prasad Shetty, Chairman & ED, Narayana Hospitals said, “For healthcare to be affordable and safer, pen and paper need to be replaced by mobile devices in the hands of...
Day 3 of RAISE 2020 summit
October 08, 2020
Published by: Rashmi Hemrajani India leading in AI innovation Day 3 at #Raise2020 discussed skilling, empowerment, and more Over 100 experts from across the world spoke in 15 sessions on the third day of @RAISE 2020 - Responsible for Artificial Intelligence and Social Empowerment. The day was insightful as speakers discussed varied topics such as skilling to create an AI-ready workforce, the opportunities and challenges associated with harnessing AI for economic growth, and the application of AI in building high fidelity infrastructure for the agriculture and healthcare sectors and more. Sundar Pichai, CEO of Google said, "AI is one of the most profound things we're working on as humanity." Skilling for AI-ready...
Using technology to benefit people Day 2 of #Raise2020 was inspiring
October 07, 2020
Published by: Rashmi Hemrajani The second day of the #Raise2020 virtual summit discussed a wide range of topics such as the role of Artificial Intelligence (AI) in the banking sector, role of regulations for responsible AI, bridging communication and linguistic barriers, building public digital platforms, education and awareness for responsible AI and more. Winners of the government-organised AI Solution Challenge showcased their solutions in the AI Start up Pitch fest. The 21 start-ups (15 winners and six special mentions) displayed ideas across different sectors, including healthcare, edtech, NLP, smart mobility and transportation, agriculture, and others. Potential of AI & Machine Learning AI can play a critical role in fraud detection in the...
AI and ML Trends for 2020
October 01, 2020
AI or Artificial Intelligence has witnessed an increasing adoption in India, ever since its introduction just a few years ago. From sporadic projects, AI research has come a long way. Companies are now heavily investing in AI-enabled processes so that things run smoothly and more efficiently. The Indian government is also focusing on developing a plan for AI. Ever since the early 90s, the IT and ITeS sector in India has been of huge importance to the economy, accounting for around 7.7% of India's GDP in 2016. The Indian administration in 2018 announced that the government think-tank, the National Institute for Transforming India, (NITI) Aayog (Hindi, for Policy Commission), will launch a...
A Glossary of E-commerce Terms for Freshers
October 01, 2020
The one term that has changed shopping into 360 degrees experience is e-commerce. From Generation X to millennial to Generation Z, everyone has taken to online shopping to meet their essential needs as well non-essential preferences. Customers of all kinds, from budgeted shoppers to luxury purchasers love, the convenience of buying things at one click for doorstep delivery. Even diapers can be bought online. Millennial love to order food and Generation Z can’t think of life without online shopping. If you’re looking to join an e-commerce company or a brand, you need to know the ecommerce terminologies and fundamentals. With e-commerce compounding it’s effects, read on to learn few ecommerce terms that...
6 Things to Meet Deadlines at Workplace
October 01, 2020
Deadlines at the modern-day workplace are like diktats that must be adhered to. Since the pace of business is so fast, missed deadlines can mean the difference between profit and loss, a good deal or a bad one, and a sale or a lost customer. The modern worker hence tends to be stressed because managing deadlines requires a fine balance of multi-tasking, strategising and planning. There are some who find it difficult to manage. However, you can meet your deadlines effectively even with the help of some tools and skills. There are certain ways to ensure that you don't miss your work deadlines, and reach your goals. Time Management This is perhaps the...
6 Reasons to Do a Postgraduate Certificate Programme in Healthcare Management
October 01, 2020
Healthcare management is an ever-growing industry, and healthcare management jobs might see huge growth this year. The need for healthcare providers and facilities is growing, as the population grows older, and life expectancy increases thanks to medical advances. The need for professionals to manage healthcare facilities is also growing. The recent outbreak of Covid-19 is proof that our healthcare system needs a major shot in the arm. This can only happen if more doctors and management personnel enter the healthcare industry. While doctors have a specific role to play due to the nature of the medical sciences, healthcare management professionals play a broader role. Healthcare management or healthcare administration is basically the...
5 Things Freshers Can Do to Avoid Office Politics
October 01, 2020
Office politics can be very detrimental to an organisation's productivity. It fosters negative ill-will and creates unhealthy competition and a consequently unfavourable working environment in which productivity eventually suffers. Office politics can be especially harmful to new employees. If freshers get knowingly or unknowingly sucked into office politics, it might spell doom for their career. At work, it is best to keep your productivity up. Speak less, listen and absorb more. Well, here are 5 tips for freshers to avoid workplace politics. Remember, the office is like high school The thing with an office is that it is very similar to high school. If anything happens, it spreads quickly. Hence, refrain from falling prey to office...
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...