Virtual Industry Visit & Interaction with Mr. B. S. Shukla, Vice President, Ostwal Group of Industries @ I.T.S Ghaziabad
To supplement learning, PG management students of I.T.S Ghaziabad were taken through a Virtual Industry visit to Madhya Bharat Agro Products Ltd. (MBAPL), Sagar (Madhya Pradesh), followed by interaction with Mr. B. S. Shukla, Vice President of Ostwal Group of Industries.
MBAPL is an ISO 9001:2015 Certified company, originally incorporated in 1997 as a private sector unit manufacturing Single super phosphate. It was converted to a public limited company and became part of Ostwal Group of Industries in 2004. It is a completely integrated, self-sustained unit having production of Beneficiated Rock Phosphate along with SSP and Sulphuric Acid plant in it. Company uses modern machines and equipment in the manufacturing process with upgraded technology to keep pace with the ever-changing business scenario. The students were given a brief about the process of raw material procurement and virtually taken to different sections including Admin, Electrical, Workshop, SSP plant, Sulphuric acid plant, Packing unit, Dispatch etc.
During interaction with students, Mr Shukla shared the Marketing and Distribution activities of the company. While answering to the questions of students he mentioned the CSR activities being undertaken by the company in the prevailing situation of Covid 19 including supply of Thermal screening, sanitizer, and food packets to the needy sections of the society. He shared that the company is taking all precautionary measures for their staff to ensure safety against Covid 19.
Virtual Industry visit was altogether a different kind of experience for the students which resulted into a great learning., , ,
Management faculty attended webinar
Management faculty attended Webinar on “Economic Impact of the Corona Virus: CEO View” organized by AIMA.
Prof. Parul Gupta attended a webinar on “Economic Impact of the Corona Virus: CEO View” organized by AIMA. The panel discussion had Mr Sanjay Kirloskar, President, AIMA. Mr Harsh Pati Singhania, Sr Vice President, AIMA and Mr Mohandas Pai, Past President, AIMA as eminent panelists.
The panel discussed the various challenges for business which have emerged due to the corona pandemic. The speakers deliberated specifically about the sectors like automobile, education and SMEs and the respective obstacles which have emerged in current scenario. The speakers also highlighted the various steps which the Government of India should take to mitigate the impact of Covid19 on the economy as a whole.
Alumni Talk Series on “Unveiling HR Opportunities” by Ms. Kumkum Tiwari , Consultant, Kelly Services India Ltd, Mumbai , Alumnus PGDM
Department of Management at I.T.S Mohan Nagar during the National Lockdown also organized a Webinar by Alumni, Ms. Kumkum Tiwari, Consultant at Kelly Services India which is one of the global leaders in recruitment at Mumbai, Alumnus PGDM (2010-12) interacted with the PGDM HR Specialization students on 19th April, 2020.
The focus of the talk was to make students understand which are the latest HR practices being followed in an organization. She emphasizes on the impact of the HR profession on organizational decision-making and performance by promoting innovation, education, research and use of research based Knowledge.How COVID-19 impacted the recruitment industry. She also motivate students and discuss the areas where they can do virtual SIP. At the end she explain the model of recruitment process as it is very critical to an organization’s success.
The students also asked various queries which were duly addressed by the speaker. The session was highly interactive and insightful for the students, , ,
Online Meditation Session organized for PGDM students
On 18th of April 2020, Department of Management at I.T.S Ghaziabad took an amazing initiative for arranging a seminar
on ‘A POWERFUL MEDITATION ON INNERPEACE AND MINDFULNESS’ by Raizy Bedi, Founder of Magicka- India's leading Women entrepreneurial ecosystem. The session was basically about meditation and mindfulness. Followed by the importance of meditation in our lives. Students actively participated and they were honored to have a meditation session for 30 mins. During the session, she also interacted with students about the COVID-19 situation and how to control their minds during this pandemic situation. The session was joined by Director Management mam Dr. Vidya Sekhri followed by various other PGDM faculty who also actively participated in this session. Ms. Raizy Bedi shared her experience about inner peace and how they impact humankind., , ,
PGDM 2019-21 batch attended webinar
Department of Management at I.T.S – Mohan Nagar, Ghaziabad organized a Webinar on “Introduction to Swamih Fund for Real Estate Funding & it’s Importance post COVID” on 16 april 2020
in which the speaker was Irfan A Kazi, a CIO of Swamih Investment Fund which was the largest real estate fund in the country.
Today’s session was a very informative session and we got to know about from what situation real estate is going on and what are its funding sources. He was discussed about the period of liquidity rather than profitability, Conservatism assumption and optimistic projection. He also explain various costs incurred in real estate like construction cost, land cost, marketing costs, brokerage cost, interest payment,etc. We also understood how government policies affect this sector like RERA. We also got to know from expert about challenges real estate is going to face post lockdown situation and what steps they are willing to take to minimize the losses. NCLT /Projects under NPAs where small fund reach out large builders and far more NCLT cases,400 participants.
At last the guest explained the positive net worth and told about sources of pooling of funds. He also shared the website that is SBIcap ventures.com. for further information.
Webinar ended with question answer session, ,
Webinar by Mr Amit Kumar Srivastava for PGDM
As a part of Industry exposure to PGDM students of I.T.S Ghaziabad, a webinar on “Sales & Distribution Issues in Modern Trade” was organized on 16th April, 2020.
In a very interactive session Mr Amit Kumar Srivastava, Key Account Manager, Kamani Foods, Delhi discussed related aspects of Modern Trade and General Trade. He shared that more planned and organized approach to distribution and logistics management differentiates Modern trade from General trade. Larger players such as organized retail, supermarket chains, hypermarkets etc that aggregate demand across a diverse product range represent Modern trade in India. He discussed various issues including category management, sales order processing, lead time analysis and delivering exceptional customer service.
He referred to many of his own personal life experiences and supplemented students’ learning with examples. Students participated in webinar with great enthusiasm and asked several questions. It was a good learning for them., , ,
Online COVID 19 Awareness Quiz conducted by Director's Executive Club
Students of the Director's Executive Club conducted an Online COVID 19 Awareness Quiz- A unique initiative for PGDM 2019-21 Batch students. The event witnessed huge participation from the students and on the basis of correct responses, top 10 students were identified. All the other position holders have been featured in the Director's Executive Club poster. Top three students will get prizes by Director Management Mam.
International Webinar Attended by Management Faculty
Management Faculty Dr. Garima Srivastav attended an International Webinar by World Renowned Marketing Professor Padma Bhushan Dr. Jagdish N. Sheth -Charles H. Kellstadt Professor of Marketing at the Goizueta Business School of Emory University, Atlanta, Georgia, United States on 16 April 2020. The topic of the session was “Retail without Human Touch”.
Over 500 registration were received from across the world amongst which only 100 participants were given a chance to attend the session. Professor and Faculty from IIM-Indore, Welingkar Institute of Management-Mumbai, BIMTECH, Symbiosis-Pune, N.L Dalmia Institute-Mumbai, Narsee Monjee Mumbai, University school of Management-Nepal, BITS to name a few amongst the esteemed participants list.
Dr. Sheth laid emphasis on many aspect of retail during the pre and post COVID era, future of Agro-products in online retailing, Future of Bricks & Mortars in India, future of Retail without Human Touch,Reinventing of kirana stores in COVID era, change in consumers' behavior post COVID 19, companies aligning their strategy and resources to meet these changed behavior. He also laid emphasis on suggesting that Omni channel, Human less retail, retailing in the pharmaceutical industry in the US as compared to that in India.
He concluded his session by commenting on roles of shopping malls (which are not fairing good at all across India) in India post COVID era and their possible role in the next gen retailing in India.
The session was highly interactive, Knowledge sharing and overwhelming, , ,
Webinar of ‘Leadership Talk series’ for PGDM
Department of Management at I.T.S, Mohan Nagar Ghaziabad organized a Webinar of ‘Leadership Talk series’ for PGDM (2019-21) Batch by Mr. Gaurav Kumar Gupta -CEO and Founder Hellogtx and Catabatic Technologies on the topic “How to bounce back in tourism sector post COVID-19 ” on 15 April, 2020.
Mr. Gaurav shared his wealth of knowledge and understanding of tourism industry and explained that the outbreak of COVID-19 presents the tourism sector with a major and evolving challenge. He said that Tourism is normally one of the first industries to feel the impacts of socio-economic adversity. He has warned that COVID-19 pandemic could cut 50 million jobs worldwide in tourism industry and Asia is expected to be the worst affected.
Mr. Gupta suggested that While this is a difficult time for the industry, it is important that business owners remember that it will pass and normality will return. Now organizations need to use this time to strengthen their business relationships with their suppliers and can also take this opportunity to give their travel website a health check. He emphasized to ensure website security updating, working on SEO, focusing on social media presence. Mr. Gaurav has further reinforced to use this period on reviewing Cost, digital marketing strategy and catch up on latest industry benchmarking statistics.
He suggested that not to forget existing customers and their loyalty you have spent time and efforts in building. Keep communicating and focusing your marketing efforts by producing exceptional proposals, top notch customer services and going above and beyond to build strong customer relationships are all great ways to ensure success in future. During his discussion, he shared his diverse experience with students. At the end of the corporate lecture, a special vote of thanks was given to him., , ,
Faculty attended webinar organized by FICCI
Dr. Rajeev Johari attended the highly informative webinar organized jointly by FICCI and The Institute of Risk Management,
UK - India Affiliate World's Leading Body for Enterprise Risk Management [Level 1 - Level 5] on the 13th of April’2020 with Mr. Alexander Larsan as the key speaker.
Mr. Larsan introduced with the UNESCO report according to which the pandemic is expected to adversely impact 290 million students across 20 countries. Risk management as stated by him seeks to prevent risks from occurring as well as reducing the impact if it does occur and that insurance is an example of reducing impact. In this regard business continuity is another example and a more effective one. Focusing on pandemic planning he elaborated the concept of business continuity. Business continuity management as emphasized by him is a holistic management process that identifies potential threats to an organization and the impacts to business operations that those threats, if realized might cause and which provides a framework for building organizational resilience with the capability for an effective response that safeguards the interests of its key stakeholders, reputation, brand and value creating activities. Business continuity is neither emergency response planning nor is disaster recovery. Business continuity plans can help reduce the impact of multiple risks.
Elaborating on the tenfold pandemic plan for businesses he threw light of top concerns of universities and risks involved like fall in student numbers, fall in rankings and financial viability. The risks include change in government grants/ loans policy or funding plans, inability to host exams timely, cyber attacks etc. As for effect of uncertainty on objectives of organizations he mentioned that the purpose of risk management is to manage the barriers and maximizing the opportunities to achieving these objectives.
He highlighted the importance of understanding risks which help us to understand constraints and boundaries. Towards this he stated “Embrace them. Let them guide you. Constraints drive innovation and force focus. Instead of trying to remove them, use them to your advantage”.
He further emphasized upon preparing for a post covid world which has opened current opportunities for universities like remote learning, integration of technology such as virtual learning and augmented reality, digital certificates applying technologies like block chain, split class rooms, supply chain within country to name a few. Alternative business models in case of class closures are highly relevant here like catering services, film production company, labs to include virus testing equipment, science schools to develop ability to create hand sanitizers, textile schools to include masks.
He stressed upon the failure situations pertaining to risk management. It fails when the process is overcomplicated, time consuming, too much dependent on paper work and extra concerned about details. It thus needs to be kept simple. He illuminated the steps involved in developing a risk management approach.
The risks involved in going digital according to him include unstable internet connections, lack of connectivity, lack of interactivity in courses, attention lack on the part of students, failure of platform, loss of data hijacks etc.
A post covid world as per his opinion would entail less travel, continued social distancing, less youth employment, more home working, shift in economic structure, adoption of robotics/ AI, regulation of supply chain. Organizations would require to look at how to diversify, reinvent and transform, the crux being the need to manage and take risk in order to survive and thrive. This is vital since in the absence of risk information one lacks the full perspective to make an effective decision, understand the pitfalls and prepare for them, properly compare options and turn risks into opportunity.
Improved reporting and information for decision makers is required towards managing the current crisis that would cover key risk indicator data for early warning signs. Risk management provides up to date information regarding vulnerabilities across the organizationand key focus areas. Identifying emerging risks or horizon scanning is crucial here that includes identifying trends in relation to education sector, country, region and global level as well as technology trends.
The concept of risk needs to be differentiated from the concept of emerging risk and black swan. Risk which is usually a 12 month horizon is more related to day to day business plan. Emerging risk features a long term horizon. Often a new technology or global change that can be difficult to tell how it will impact the organization, but that will need to be dealt with ahead of time to prepare for the change to come often calling for a change in strategy is emerging risk. Black swan could occur any time with very low likelihood but huge impact which is often unforeseen.
He winded up the discussion citing some successful business continuity examples from Scotland and middle east. The talk was fully loaded with new information relevant to the present state of lull in event of the world wide covid-19 pandemic.