Thursday, December 24, 2015

B-SCHOOLS IN DELHI-NCR COME TOGETHER AT ECONOMIC FEST


Application of theoretical concepts is a crucial part of studying economics and business management. The focus of most B-Schools in Delhi-NCR today is to encourage and motivate students to apply their business knowledge to solve real world and contemporary challenges. Due to the increasingly complex nature of organizations and businesses in the modern globalized world, business schools need to impart relevant, current and cutting-edge knowledge and skills to their students so that they have an edge over others. By just acquiring an economics or MBA degree one could understand the theory but may not necessarily understand its application in say - marketing. Economic fests provide students a platform for healthy interaction and to showcase their talent. 

In this context, one of the young leading B-Schools, the School of Management at THE NORTHCAP UNIVERSITY (NCU) organized an economic fest ‘Arthshastra’.Economics and Business Management students from different universities and colleges across Delhi-NCR participated in various competitions that tested their knowledge and grasp of economics and business concepts and theories.

At Arthshastra the simulations, competitions and presentations motivated students to interact, discuss and analyze various situations and provided important insights into the world of economics and brushed up their business acumen. The events covered areas of practical relevance to entrepreneurs including a mock stock market, asset price volatility etc. It enabled students to identify viable business opportunities, feasible and sustainable business options.

B-SCHOOLS IN DELHI-NCR

Discussions are an excellent strategy for fostering intellectual agility and enhancing student motivation and passion for the subject. They create opportunities for students to practice and sharpen a number of skills like communication and leadership skills, including the ability to articulate and defend positions, enlist and evaluate evidence, consider different perspectives and develop their own views. Benefits associated with educational fests include opportunities to:

Stimulate thinking and deepen understanding of concepts and theories.
Apply theoretical knowledge to solve problems and maximise creativity.
Test understanding of theory and helps develop new insights.
Learn from other’s perspectives.
Develop intellectual and critical skills as well as group work skills.
Prepare and deliver oral presentations.
Encourage students to apply and test their learning.

In summary, NCU’s Arthshastra helped to enhance the self-confidence and leadership skills of students which are essential qualities in any business organization. It helped economics and business management students to understand the working of the business world and develop managerial skills among budding entrepreneurs in an environment of enthusiasm and competitive spirit.THE NORTHCAP UNIVERSITY has more such events planned for 2016.
Post your comments or contact us at http://ncuindia.edu/                                                                           

Written by Rekha Mathur




Wednesday, December 16, 2015

Is MBA degree a golden ticket to career advancement?

MBA is no doubt one of the most sought after graduate professional degrees in India. About three lakh management students graduate every year. AICTE figures indicate a steep rise in management schools from 2617 in the year 2006-07 to 3364 in the year 2013-14. Unfortunately, while the quantity is increasing, the quality has notably reduced with time. Alarmingly, out of 3,00,000 students graduating each year, hardly 35,000 are employable. The percentage of international placements is much lower than expected.



By virtue of industry being the prime taker of business graduates, there are a lot of expectations linked with management education. It is more than just the lectures, lessons and books for students. Management education is designed to inculcate decision-making skills in the students. It is imperative to make the course content dynamic to meet the agile requirements of the corporate world. The student is encouraged to imbibe adaptability and challenge driven capacity in his attitude.

Students perceive that an MBA degree is yet another professional certificate that will fetch them lucrative employment opportunities. This expectation is fundamentally flawed.The burgeoning rise in b-schools has created more supply than demand. Additionally, dynamic rise in corporate expectations makes it imperative for students to understand that knowledge and education are not the key determinants of a competent manager. Attitude and skills; be it technical, cognitive or technical must also be incorporated into a positively groomed attitude.

An aspiring management student must focus on becoming a true professional than consider the degree as a ticket to obtain a lucrative job. Below are few suggestions that aspirants may consider before finalizing their decisions to invest money and time into a two years education program.

1. Reputed management schools across the world ask students to submit a letter of intent which reflects the aspirations and career goals of a knowledge seeker. There are three key constituents of this declaration.
  a. What are the key reasons behind applying for an MBA program?
  b. What are the future career goals of the aspirant?
  c. Any past professional skill or experience?

Although this is not a mandatory exercise in all b-schools in India, it is suggested that any aspiring student must invariably carry out this exercise to fully align his objectives with the eligibility and outcomes of the program he is applying for.

2. The student must have a fair idea of his career roadmap. He must set clear career goals and identify the career fields. Many a times, it is observed that the career field the student had desired to choose did not actually require an MBA degree! Unfortunately, that realization happened after money had been spent and two vigorous years’ had already been invested!

3. Lucrative salary is definitely not the driver of management education! It is an outcome of the knowledge gained and the skills acquired during the tenure of rigorous learning. Besides, an MBA program delivers more than just a salary! It builds confidence, it imbibes skills and it sensitizes students to a number of business and management issues.

For THE NORTHCAP UNIVERSITY Management Courses Visit: http://www.ncuindia.edu/index.php/schools/school-of-management