The Scope Of MBA Program In 2020 – MBA Colleges In Gurgaon

MBA Colleges in Gurgaon

One of the most prestigious management qualifications in India from the past 3 decades, MBA program is considered as a cornerstone for management professionals even today. Master of Business Administration (MBA) is a two-year Post-Graduate Degree in Management, offered by multiple colleges and universities in India. Apart from top tier institutes like the IIMs, India is a management hub with over 5500 B-Schools. An MBA course starts as low as Rs 20,000 in low tier colleges in smaller cities, which goes up as high as Rs 24 lakhs at the Top Ranked B-Schools in India. Every year, more than a million students register for MBA Entrance Exams in Top MBA Colleges. Out of which, the selected ones get their preferred college for admission to MBA courses.

Over the years, the demand for MBA is going down as Business Schools are not able to drive the change, as promised. Globally, The selection procedures of candidates are different than that of India. Global B-schools uses  Written Test, Group Discussion, and Personal Interviews for shortlisting of candidates. While in India, the competition is tough as the majority of fresh graduates goes for MBA programs, as it lands into lucrative job offers after completion. Apart from Graduates, working professionals lookout opportunities to increase their existing pay-scales. This is the main reason why millions of students prefer to go for an MBA program right after graduation.

Business Scenario Within 2020.

Off-late, After various economic reforms being introduced, India emerged to be among the top five fastest-growing economies of the world. Its growing population can quadruple GDP can drive it to the league of developed nations. Within 2020, five sectors in India are moving at a fast pace in terms of employment generation and business growth.

  • Information Technology:

IT Sector in India is expanding considerably over the past decades. From a slow developing economy to joining the league of Global leaders, Indian  IT sector has provided with world-class tech solutions across the Globe. According to a survey, the Indian IT Industry is set to touch $225 Billion within 2020.

  • Telecommunications:

With more than 850 million subscribers, India is fueling the growth of enterprise mobility, which will lead to significant growth in employment opportunities. 

  • Healthcare:

As per a report, The Indian healthcare industry is witnessing a significant increase of 40 million jobs till 2020. While it has advantages over developing countries in becoming the global hub for medical tourism. While Indian healthcare costs are a fraction of the cost incurred in developed countries. 

  • Infrastructure:

The Indian infrastructure industry is making rapid progress when it comes to achieving growth momentum and is likely to make a growth rate of 7% to 10% in 2020.

  • Retail:

The retail sector in India is worth more than $400 billion with domestic and international players planning to expand. With workforce projections doubled in organized and un-organized sectors till 2020, India’s retail sector will be stronger and organized , that will create more employment opportunities.

MBA Colleges in Gurgaon

 

Also Read : How MBA Colleges in Gurgaon Help in Personality Development

Will MBA Program Put Value To Your Career After 2020?

The era of Globalization has gripped organizations across all sectors, who are facing tough competition. To survive this cut-throat competition, organizations are on a constant watch for skilled workforces who are competent enough to put an edge over the competition. An MBA program can add success in your career. The curriculum of MBA Colleges in Gurgaon are aligned with the growing Industry needs. An MBA program is significant as it provides a relatable experience for freshers as well as working professionals with their company processes and strategies for better understanding. 

However, MBA program also helps students to master in People Management, Negotiation skills, Communication skills, Decision-Making Skills, Team Management, Managerial Competencies, Crisis Management that can be advantageous across all industries.

MBA program will continue to put value to your career even after 2020, as B-Schools and MBA Colleges have updated their curriculum with the Industry demands. With an MBA qualification, candidates get the opportunity to tackle the latest business problems with expertise, which eventually earns a good reputation for their career. To sum it all, An MBA qualification is the most passionate career choice for individuals, that brings a steep career growth with diverse employment opportunities.

Institute For MBA -Technology On Business And Academic Curriculum

Institute for MBA

Understanding the Impact of Technology

The impact of technology is expanding. There is no denying fact that today technology has influenced every aspect of life and industry.  The impact of technology is widely visible in different aspects of businesses. Due to technological advancements, businesses shift and adapt continuously in order to stay competitive in today’s rapidly changing marketplace. 

Rapid advancements within technology also mean that there exists a challenge for recruiters to find young talent who have the expertise and skill-set to straddle the worlds of both business and technology. Therefore, Business Schools have to move just as fast as the rapid development of today’s technological advancements in order to accommodate the changing traditional business landscape. Keeping that in mind the Institute for MBA have come forward to integrate the traditional MBA programs with the tremendous intangible benefits of technology so as to equip the students with better knowledge and proper understanding of technology and prepare them for future leadership.

Impact of Technology on the Business Environment

Today, technology has completely changed businesses, creating an entire business niche. The environment in existing businesses has changed immensely, too.  While offering risks, opportunities, and threats to businesses, technological innovation can improve products and processes or even create new products and processes that will expand markets and profits, which is highlighted in the  Institute for MBA. Some of the areas of businesses which are impacted by technology are:

 HR: Technology has transformed hiring, with the internet allowing workers to complete their duties from home or another remote location. This has the added benefit of giving access to businesses to a global talent pool that allows them to hire specialized, experienced workers at affordable rates.

Customer outreach: While There is another point summed up in the best Institute For MBA that, In the present scenario, businesses are in charge of their own customer outreach. As technology has made it easier to reach consumers using various tools and social media platforms, the result is a reduced cost that levels the playing field between large corporations and startups. 

Security: Today organizations save their important data mostly on internet-based servers, which also come with its susceptibility to theft and data breaches. Businesses need to put a significant effort into securing their networks. This has opened up opportunities for tech specialists in the cyber-security arena, where security experts are in high demand.

Impact of Technology on Business Communications

Technological advancements have moved communications to a whole new level, where messages are delivered instantly; tasks are assigned and managed by computer programs, etc. And while most advances have improved workflow and efficiency, some of the other effects of technology on business communications are:

Project Management System and Scheduling

The implementation of project management systems for collaboration between employees is one of the uses of technology in business. Workers no longer need to be in the same building or sit in a lengthy meeting to share their ideas. Whether they are at the corporate headquarters or working from home, individuals can create task lists, assign work, upload content, set appointments and track progress all in one online application.

Continued Evolution of Email

Email is one of the most sophisticated technological developments in business communications. However, over the years it has gone through a complete revival, from being a method to send a message to becoming a means of workflow management.

Use of Artificial Intelligence in Marketing

Artificial Intelligence systems are being used to predict and influence future sales based on consumer preferences. Knowledge of customer preferences in real-time can assist marketing departments in determining where to spend their money by tracking trends more closely and adapting promotional and sales efforts. 

Impact of Technology on Business Operations

Technology has a deep transformative influence on the modern world and economy. From changing consumer preferences to reshaping the way businesses produce and market goods, technology can be seen everywhere. While, the  Institute for MBA points that the technological influence can be seen even in the smallest details of day-to-day business operations, accelerating economic activity, increasing the productivity of workers and investments, promoting interdependence between industries and allowing for the deployment of new technologies. 

Productivity

Through process improvement, developing worker skills and product development, technology tends to increase productivity in business operations. The most basic way of exchanging information like email, makes communication about business operations considerably faster and easier, increasing the overall productivity of workers. The customer support pages and online customer service also reduce the need for personal attention and increases the productivity of investments in these areas without sacrificing customer experience.

Globalization

With technology, the ease of communicating and transferring resources on a global scale with clients has made more likely to conduct business. Technologies like video conferencing and instant access to economic data from around the world make it feasible to conduct business or make investments easily. 

Risks 

While adopting new technologies can enhance business productivity, it also presents a unique set of risks associated with it. Without proper handling and training provided on how to use the new technology, it can decrease productivity and even reduce employee satisfaction. The fast migration of personal and corporate operational data to online databases also makes companies more vulnerable to cyber-attacks that can adversely affect operations or shut down a business altogether.

Top B-Schools in Delhi: Finding the Right Career Path After School

Top B School in Delhi NCR

Shaping your career in Top B Schools in Delhi right after school is essential for fulfilling futuristic endeavors. Although schooling life ends at eighteen, a career covers a significant span of time up to the age of sixty. This is perhaps one of the reasons why choosing the right career works in favor of a candidate as it strives to make a mark among a pool of other candidates.

Top B Schools in Delhi

In India, there are wide arrays of colleges like Top B Schools in Delhi which offers specialization in management, among different qualifications. A student should determine the specialization that they wish to grow in. This choice should be made after considering a vast number of aspects such as the industry in which a student one wishes to choose, the locality from which it’s easier to study, and more. This is a career decision which is likely to enhance or deflate the career prospects for the foreseeable future. The choice of the best BBA College in Gurgaon out of the be st management colleges, largely depends upon the specialization that one wants to create in their career and area of interest.

BBA College in Gurgaon

Also Read : What Skills Does an MBA Degree Give You?

Importance of choosing the right career path

Considering how competitive the job market has become, it’s never too early to start to think about the career. Right career counseling can not only pave the path for the future but also helps in clearing doubts regarding various decisions. Therefore the importance of a career is very high in a student’s life. Some of the reasons the right career in the Top B Schools in Delhi is important are:

  1. The right career choice leads to much greater heights in terms of happiness and success.
  2. When the company allows an employee that personal space and also let enjoy the personal interest, then the workspace will not be a suffocating environment. In such environment employees would prefer to stay even if it is a low paying job. Because happiness is something which is put above all.
  3. To feel happy in whatever we do and also be satisfied with the respective contribution in the workplace is something everyone dreams of. Most of the people look out for careers that not only helps in enhancing the skills but also helps in learning new skills. Therefore a right career is not only about a paycheck, but it is also more than that.
  4. The challenges faced in the right career path provide the platform to make all the difference and also support the employer in developing the business. Playing an important role in the office is much more satisfying than a handsome paycheck where one doesn’t contribute much.

Reasons for choosing a career

The ideas and thinking of the people nowadays are changing a lot and many are taking up careers which interest them, unlike earlier days. Having too many options to choose from would be great, but one should be much focused and have the right sense of purpose on what they are doing or else they will end up with dead-end jobs.

The factors that ought to be considered before picking up a career are:

  1. Job Satisfaction
  2. Salary
  3. Scope of growth
  4. Economic Security
  5. Job Security
  6. Goal-oriented
  7. Independence to retire at any time.

Pitfalls to avoid when deciding on a career

  1. Choosing the same career as your parent’s choice or one that they want you to choose.
  2. Choosing the first job that you get
  3. Choosing a job that has the best title.
  4. Choosing a job based on compensation.

A right career counseling

Career counseling is an essential factor for identifying the real potential and helps student guide towards the right career path. It also helps students choose the right career goal, planning and give a direction to students for a better future ahead.

Career counseling is not a single day event but processes that are scheduled over time and help a student feel confident. It helps the student explore the various career options and help them make the most appropriate choice. As soon as the process of Career Counseling begins, the more thorough and effective the search process can be for the student. The process of Career Counseling is an active one, which can help assure a student, to choose a major from the wide range of existing possibilities. The conclusive aim is for a student to seek the major in the Top B Schools in Delhi, which is consistent with one’s values, skills, interests, and abilities, through the individualized interpretation of career interest inventories.

With right career counseling, students would be able to know:

  1. Their aptitude and interests
  2. Strengths and weaknesses of a particular interest
  3. Making a choice of the stream for education after class 10
  4. Career options available in the market as per their academic choice
  5. Career options available as per their interest
  6. Some alternate career options if they decide to change their stream in the future.

 

How Best Management Colleges Transforming the Management Education

Best Management Colleges in Delhi

The business education is rapidly transforming in Best Management Colleges. It keeps growing and evolving with time and the human mind. This is the major reason why the education provided in different nations of the world is different. The basic concepts on which education systems are formed are different for every nation. However, the aim is similar, i.e. to instill creativity within the human mind. Continue reading “How Best Management Colleges Transforming the Management Education”

How to Develop Your Leadership Skills in MBA Colleges in Gurgaon

Leadership Skills

The prospect of advancing to the top of one’s field is what makes it possible for many people to keep plugging away at their jobs, honing their skills, and taking on new projects. But after a certain point, career development depends on more than technical skills and a willingness to work hard. You also need a few soft skills, not the least of which is the ability to take on a leadership role.

Some people are natural leaders, but anyone can develop the skill set needed for some practice. If you want to take your career as far as it can go, then you have to be willing to put in the work. Here are the strategies that can help you develop your leadership skills and keep advancing your career.

Find out your ideal leadership style based on your personality here:

Practice discipline

A good leader needs discipline. Developing discipline in your professional (and personal) life is a must in order to be an effective leader, and to inspire others to be disciplined as well. People will judge your capacity to lead by the amount of discipline you display at work.

Demonstrate discipline at work by always meeting deadlines, keeping appointments, and ending meetings on time. If you are naturally disorganized, then you may have your work cut out for you, but you can always start small: try implementing good habits at home, like waking up early and getting daily exercise, and work your way up from there.

Take on more projects

A great way to develop the leadership skills of yours is to take on more responsibility. You don’t have to take on more than you can handle, but you do need to do more than simply what’s covered in your job description if you want to grow. Stepping out of your comfort zone is the only way you will learn anything new, and doing so will get you noticed by executives as someone who takes initiative.

Learn to follow

A true leader has no problem yielding control to another person when appropriate. You should not feel threatened when someone disagrees with you, questions your thinking, or puts forth ideas of their own. Keep an open mind and give merit where merit is due. It won’t always be easy, but if you learn to value and respect others on your team, they’ll be more likely to step up to the plate for you.

Also Read : How can doing an MBA help you to shape your career?

Develop situational awareness

A mark of a good leader is someone who can see the bigger picture, and anticipate problems before they occur. This is a valuable skill to have when handling complex projects with tight deadlines. The ability to foresee and provide suggestions for avoiding potential problems is invaluable for a leader. This ability also helps you recognize opportunities that others overlook, which will certainly earn you recognition.

Inspire others

Being a leader means you are part of a team, and as a leader, you should be able to motivate and inspire those you work with to collaborate as best they can. When a team member needs encouragement or guidance, offer it. Sometimes, all a person needs is someone to listen and be sympathetic.

Keep learning

The best path to becoming a good leader is to always keep learning new things. It keeps your mind sharp and your skills fresh. It primes you for new challenges that may come your way, which is always a good thing in a leader.

Empower your teammates

No one is the best at everything, and the sooner you realize that the sooner you can learn to be a good leader. Delegating tasks to others not only frees you up for things you do well, it also empowers other people on your team.

Resolve conflicts

Don’t be a manager from hell! Not everyone will get along all the time. Instead of ignoring interpersonal conflicts, hoping they will go away, and address it by talking to those involved privately. Also, be open to reassigning team members if the conflict can’t be resolved.

Be a discerning listener

Becoming a leader doesn’t mean you always have to be in the spotlight. An important trait of a good leader is someone who listens to suggestions, ideas, and feedback from other people, and builds on them. Good listeners know that communication is not only about words, but picking up on non-verbal cues, such as eye contact and body language.This entry was posted in IBMR B School, IBMR B School Gurgaon, MBA and tagged leadership skillsManagement Institutes in GurgaonMBA colleges. Bookmark the permalink.