Tech-Industry 2019 and Beyond
Almost every enterprise will transform themselves to act like digital native as the digitized global economy continues to expand according to a report from International Data Corporation (IDC). This report also highlighted the fact that, Enterprises are being rebuilt around technologies like Cloud, Mobile, BigData Analytics and Social Media. Often these technologies are referred to as 3rd Platform Technologies. Enterprises are further enabled by 'innovation accelerators' like Internet of Things (IOT), Artificial Intelligence (AI), Augmented Reality and Virtual Reality (AR/VR). In the light of these insights, the IDC has made 10 predictions for IT landscape for both tech industry and non-tech industry moving into 2019 and beyond:By 2022, over 60% of global GDP will be digitized. Digital transformation must be carried out in priority in order to be in the competition. Some times that requires to bring in change in
Management Functions in Corporate World
Hello everyone! Today I am going to share my experience of attending a corporate connect event, organised by Globsyn Business School, where Mr. Samindra Roy, eminent personality and partner of Unigrow Solutions, explained to us about the various management functions, which are dynamic social processed, needed to run an organization. Mr. Roy further added that careful ‘Planning’ is considered to be one of the prime management functions. Planning is future oriented and determines an organization’s direction. It is a rational and systematic way of making decisions today that will affect the future of the company. It is like an organized foresight as well as corrective hindsight. It involves the predicting of the future as well as attempting to control the events. An effective planning programme incorporates the effect of both external as well as internal factors. The external factors are shortages
Importance of Personality at Workplace
A professional on an average spends 6-10 hours each day at work along with his colleagues and regularly interacts with each other. A diverse organization has many members and building relationships is an integral part of any career strategy.What are the factors that motivate employees to do a particular job? For some, it is the prospect of getting a higher pay and advancement up the chain of command. For some others, it is a feeling of accomplishment or the ability to work independently or even self development through their work. According to research, these factors are derived from the individual’s personality characteristics and if employers can find suitable employees whose natural leanings matches with the characteristics of the concerned job duties and responsibilities, they could see significant advancement in company’s success.Personality is at the center of how we interact with
Managerial and Financial Accounting
As business students it is important for us to connect with the corporate world in order to know how it works how it functions. At Globsyn Business School we got this opportunity.Mr. Aditya Sharma, Senior Vice President of Boson Energy-Asia, came to our Campus to teach us the fundamentals of accounts and share his knowledge Managerial and Financial Accounting. We were taught the basics of accounts specifically trading account, profit loss account, balance sheet, trial balance observation etc. Finance background students were overjoyed with such an exposure of the finance world while students from non-commerce streams were happy to have learned so much in one day and as a result of which, their interest in finance increased.Mr. Sharma shared his vibrant experiences and gave us important inputs of how a trial balance is to be observed as well as how
Dance Therapy in MBA – Corporate Connect
Globsyn Business School arranged for a dance therapy class with Angira Chakravorty as a part of its corporate connect sessions, and it was indeed a wonderful opportunity for us, students, because we could de-stress ourselves of our academic tensions. We also got to learn the nuances of team building, trust, coordination, gaining confidence, revitalizing our minds through various body movements that ma'am taught us. I'm looking forward to many more such therapeutic sessions in the future.Amiya Paul PGPM-IB Batch – 04 Globsyn Business School Last week we had excellent corporate session of business communication by Ms. Angira Chakrabarty. We learned many aspects of communication that we have to deal with, in the everyday life of an organization. The 'Dance Therapy for MBA Students' session was indeed very interesting, as it helped us to overcome the fear of being judged by others and to
Performance Management – Corporate Connect
Performance Management System is a tool that is used to communicate an organisation's goal to the employees individually, allot individual accountability towards that goal, track the progress in the achievement of those assigned goals and evaluating their individual performances. Performance Management System reflects the individual performance or accomplishment of an employee, by evaluating and keeping track of all the employees of the organization.Mr Vishal Verma, Senior Manager, HR, Techno Electric & Engineering Co. Ltd. met the HR major and minor students of Globsyn Business School in a corporate connect session to discuss how the Performance Management System works in the industry. In this session, Mr. Verma also analysed the different methods of this system, its various implications, how it can help create a learning organisation and how the employees’ goals can be set in sync with the organisational goals and
Training and Development – Corporate Connect
Training and development is an integral part of any organization and the Human Resources department plays an important role in the span of an employee's total corporate life cycle. Though training and development has some generalization in a few aspects but, in each and every industry it differs as per requirement, and when it comes to an industry where staff are the only product, the importance of training becomes much more.Mr. Pradip Bandopadhyay, HR Head (East), G4S Securities met all the HR major and minor students of Globsyn Business School at a corporate connect session on September 13, 2018 to share his experience and to groom future HR Managers of the corporate world, about the importance of decision making during training processes. In today's corporate scenario, leading industries are training their staff on how to stay more updated and competent
GST for MBA Students
Recently a Corporate Connect session was held at our Globsyn Knowledge Campus on Goods and Service Tax (GST) where Ms. Shivani Shah, CA, and owner of Shivani Firm and Associates had an interactive session with the MBA students of Globsyn Business School.The nuances of the topic discussed in the session are written below:India’s biggest indirect tax reform in the form of Goods and Services Tax (GST) was introduced in India from 1 July 2017. The idea of GST was mooted long back in the year 2006-2007 which took concrete shape by being passed in the Parliament on August 8, 2016. The benefits of GST are as follows:Easy for Tax payer and assessee To avoid double taxation- cascading effect has been eradicated by this Uniformity of tax Concept of CST is no more presentGST has replaced most of
Students of PGP International Business on a study trip to Malaysia
The students of Globsyn Business School's Post Graduate Programme in International Business (PGPIB) recently visited Lincoln University, Malaysia as part of their International Business curriculum.Day of Arrival: 19th August, 2018 (Sunday) We reached our respective hostels in the morning. At around 5 pm local time, all of us went to KL tower complex for city tour. Day 1: August 20, 2018 (Monday)1st Half:A brief description of the Lincoln University and a corporate presentation was shown to us, followed by Dr. Amiya Bhowmick's session, the Vice Chancellor and CEO of Lincoln University College. He highlighted on the following points:Identifying oneself as more than an ordinary person, like an Entrepreneur or a CEO Listening to things carefully Understanding things and trying to implement ideas that might help and contribute to the society Trying to enhance the soft skills which contribute to almost 80% of
Commodity Exchange Market
We, the students of Globsyn Business School, consider ourselves privileged to be given the priceless opportunity to attend a series of Corporate Connect Programs and interact with the esteemed members of the corporate industry. The first one was with the members of NCDEX (National Commodity & Derivatives Exchange Limited), an online commodity exchange, based in India. The august representatives from this organization, Mr. Jhunjhunwala and Miss Brinda Sengupta, explained to us about the whole Evolution of Commodity Exchange Market and about the present regulator, as on date, which is SEBI (Security Exchange Board of India). They also took the time and patience to explain to us, how 'Hedgers'*, 'Speculators'**, and 'Arbitrators'*** play a vital role in the exchange market scenarios. Then he explained to us about all the pros and cons of the various market scenarios, and how to certify and protect us from the