IMT joined hands with VMock

IMT, Ghaziabad has for the past 31 years, contributed and enriched the world of management education with several cutting edge initiatives. Consistently ranked amongst the top 10 B-schools in the country, it has proved time and again that it is constant innovation that sets the leaders apart from the followers. True to its promise, IMT is all set to collaborate with VMock Inc., a Chicago, Illinois based company, which has developed a patent-pending online platform innovation that will help talent short-listing and executive learning and development (ELD) in a unique way. IMT & VMock Inc. propose to pioneer this TECHNOLOGY in the forthcoming PGDM admissions process for the upcoming academic season.

Dr. Bibek Banerjee, the Director of IMT Ghaziabad and Academic Mentor of Group IMT is a strong proponent of using technology and believes that the role of B-schools has changed.  Previously, a Professor of Marketing and Economics at IIM Ahmedabad; he spearheaded IIMA’s collaboration with Duke Corporate Education, the top global provider of customized corporate education. Dr. Banerjee is of the opinion that B-schools today are at the center of multiple networks and must leverage those to fullest for knowledge creation and dissemination. Today, students can access all the latest information through the Internet. Technology has given them the right tools to pursue excellence& make an impact. His vision is of a global IMT where the “T” of IMT will help establish an end-to-end leadership.The IMT-VMock partnership will redefine “B-school Leadership” by exploiting the untapped potential of technology.

Speaking at the occasion Dr. Banerjee said, “The first phase of the partnership will focus on the much debated admission process at B-schools. IMT-VMock will, for the very first time, create a more holistic admission process that will combine hard score with a soft score. This technology is going to be more transparent, will create better chances for an equal opportunity to applicants by reducing situational biases and will capture the human side of applicants.”

Mr. Salil Pande, Founder and CEO of VMock, Inc. and an IIT Kanpur and University of Chicago alum adds, “The world today is very dynamic and connected – social networking, peer to peer interactions and community engagement have taken center stage.  In a global and hyper-competitive environment, it is imperative that individuals and organizations harness these ecosystems for Human Capital Development & Assessment. The VMock platform enables this – it has its roots in a millenary process: improvement via feedback.  Nowadays, our fast-paced lives demand efficiency – and leveraging technology, rich media, and social networks, VMock’s patent-pending feedback platform are a paradigm shift when it comes to shaping Human Capital”.

IMT’s integrated Course Curriculum

MBA is one of the most popular graduate degrees available because of its relevance in this world of ever-increasing business opportunities, or the ways in which the skills learned in class can be applied to the larger world of business in the expanding globalized economy. Earning an MBA degree is one of the surest ways to further your career, jump-start a new one or set yourself up for the corporate position you’ve always dreamed of.

There are numerous options within the world of MBA’s, and the area you choose to focus on will have just as much of an impact on your future prospects.

As for the basic courses, they are likely to include the following: “Finance, Leadership, Organizational behavior, Marketing,  Technology, Operations Management, Strategy,  Negotiation and Corporate Accountability”. There is certainly a difference in programmes from place to place and college to college. The goal, after all, is to prepare students for the world of high-end business which they will likely enter following graduation from their MBA program.

Then there are the classes that are more specialized. Many of these will lie within the areas of finance, international business, venture capital, economic theory and the like. These are courses that apply to students who would like to specialize in one particular aspect of the business world.

Job opportunities in the field

Earning an MBA can not only facilitate job advancement, but it can also make you a much more marketable person when it comes time to move on to a new job or career within the business field. In addition, it is also common for MBA holder’s to earn more money in their jobs, the assumption being that their increased level of knowledge will make their presence at a company that much more profitable.

For specific earnings and job outlooks, you should research each specific area of business on your own-there are just too many options to make any sort of generalizations accurate. But the one constant is this: Earning an MBA can have a profound impact on your career in the business world, and all the time and effort required to earn it will almost certainly pay off in the end.

Internship – A Step towards Corporate World

You have just graduated from an A- or B-grade college and are all set to go through the intensive interview process with a killer cover letter, great marks and glowing recommendations. But your resume misses out to mention one important item – internship. If you think that this one miss can cause no harm, think again! You need to be extremely lucky to get the position at your dream company without internship by your side. Such is the importance of an internship program that a student is required to go through to achieve a good job in a good company. Graduating students with paid or unpaid internships are at a higher chance of landing up at a full-time position. Due to this vital advantage of obtaining a better career, students opt for undergoing internships even as undergraduates. Hence, it is not unusual for graduates to take up internships in the hopes of turning it into a permanent position or at least building a fruitful resume. With rapid changes in the economy, the nature of work is, as well, changing drastically. Read through the following lines to know more on the significance of internship.

Significance Of Internship

Provides Experience & Knowledge

Classroom studies are confined only to books and theoretical learning. Application of these theories and lectures delivered in classrooms differ a little from the set format. Through internship, students get not only get a first-hand experience of these theories, but also learn the applications of these theories in real challenges. Also, the company exposure allows students to enhance their knowledge and contribute it to the company in their specialized fields. For example, doing an internship in an advertising company exposes the students to the various processes that are equally important as those taught in the school as strategies.

Improves Skills

Several skills and tasks are necessary to accomplish a job effectively and efficiently. These skills are imparted to a student during his tenure as an intern. It exposes him to skills, such as oral and written communication, presentation, leadership, planning, time, and project management. No matter how simple or difficult the task is, students are taught to take up the challenge and polish their skills to prove themselves to their seniors or employers.

Boosts Self-Confidence

Doing an internship is a great learning experience in itself. The entire journey of internship allows a student to identify his strengths and weaknesses, and use both of them to the best advantage of his job and company. While going through the interview process for entering the company internship, the first question put up to students is about narrating their positive and negative traits and how they can prove themselves fit for the said position. This real life experience allows them to judge themselves as to where they stand and identify their abilities of completing the given tasks. All in all, undergoing an intensive internship program boosts the self-confidence of students and motivates them towards facing big opportunities in future.

New Career Opportunities

Internship is the first ladder to success. Doing an internship in a specialized field helps students to build up a good network. When a student enters a company, he is not regarded as an intern (despite being one), but as an employee who will give his best to the company. Further, if the intern is successful in proving himself worthy for the company, he may just land up getting a permanent position in the same company after completing the internship program.

Real Corporate Feel

Another major advantage of doing an internship is working in the real corporate environment, without having to leave school or college. Internship programs are carried out during school breaks and last for a month to a year, thus allowing students to experience the workplace atmosphere. These programs are seen as great opportunities to utilize the time and knowledge to gain understanding and experience and make the most out of it in terms of converting it into a prospective career.

So we at IMT provide you an opportunity to take a step ahead and explore the corporate environment by taking advantage of the internship period.

 

 

IMT’s foundation – Case based learning

Cases are like stories or story lines that students read or explore interactively. They can direct students toward a conclusion, or provide the resources and context to discuss and debate issues dynamically.

Using a case-based approach engages students in discussion of specific situations, typically real-world examples. This method is learner-centered, and involves intense interaction between the participants. Case-based learning focuses on the building of knowledge and the group works together to examine the case. The instructor’s role is that of a facilitator and the students collaboratively address problems from a perspective that requires analysis. Much of case-based learning involves learners striving to resolve questions that have no single right answer.

Case-based learning becomes case-based reasoning when more than one case is provided. Case-based reasoning involves reasoning about multiple cases and how prior solutions can be adapted to new problems.

Cases are best used to teach people about realistic decision-making situations. For instance, cases help train pre-service teachers, instructional designers, doctors, lawyers, business people, and others, how to respond to actual problems they will encounter in their fields.

Delivering the Case

• Emphasis should be on “content and discussion process” of case
• Concepts, sub-concepts to be elicited should be outlined
• A list of leading questions may also prove helpful
• Procedures for assessing students’ effort and work on cases should be specified

Advantages

• Context and authenticity
• Showcases expert practices, helps students focus on real professional issues
• Generalizes content understanding into a wider framework, potentially reducing“inert” knowledge problem
• Lends itself naturally to effective discourse,communication, and debate among students

Disadvantages

• The best multimedia cases can take considerable time to design and develop; a team-approach is recommended with a content specialist, instructional designers, multimedia producers, and programmers
• Complex cases require the collection and storage of a large quantity of resources

Conclusion

Case-based learning provides opportunities for richer, deeper exploration of concepts and ideas. Students gain experience with analyzing ideas and applying concepts to solve problems or achieve goals as opposed to acquiring abstract knowledge. It also requires students to become engaged with one another and their environment with clear learning objectives.

We as an organisation at IMT Dubai provide our students with world’s best case studies to integrate theoretical knowledge with practical learning during their management tenure.

Retail Management- Building Inroads For Successful Careers

Before you proceed to experience two years of rigorous MBA training exposures, strenuous preparations, laborious assignments and projects, it is important for you to choose the right kind of MBA specialization. MBA offers a vast range of specialized course programs to equip the students with business management traits and skills that will help them in gaining an edge-over their counterparts in the corporate world. One such emerging field in the arena of business management is the Retail Management. Retail industry is one of the most vibrant industries in the world that has made major contribution in the global economic growth. Retailing, no doubt, is a vital part of the business industry. And, because of the massive expansion in global trade and commerce, retail industry has clearly become the sector that is expected to show the highest growth in the next five years.

A career in retail management is a dynamic and prestigious employment option that focuses on the essential aspects of the retail business. This sector is known to offer millions of job opportunities worldwide and, hence it proves to be an incredible and an interesting career choice for the Generation Y resource pool. Although retail management is ideally associated with sales, all jobs in this field are not necessarily confined to the stores and outlets. The career options in retail management can range from sales and marketing, concept and designing, buying and merchandizing and even in administration. So, students can also find job prospects in the publishing industry, multiplexes, shopping industry and also in the processed foods industry.

Typically, the study of retail management entails the following area of focus- supply chain management, retail accounting, electronic retailing, marketing information, business communication and so on. Therefore, gaining proficiency in these specialized management subjects can prepare the retail management students to demonstrate efficiency in handling dedicated job responsibilities.

Retail industry, especially in India, is expanding at a very high pace. India is now among the top ten retail markets all over the globe. There is a great demand for retail managers in supply chains, export houses and departmental stores across the country. Retail managers are also sought after in various banking, finance and insurance companies. Even IT companies, particularly in the field of telecommunication, require retail managers for the orderly administrative functions.

Apart from all these, retail managers are also needed in various government enterprises, education and healthcare sector. In the light of the boom in the retail industry in India, numerous multinational companies have come forward with huge investment in this sector. Companies like ITC Retail, Reliance Group, Pantaloons, Spencers, Big Bazaar Group and many others are among the top players of this industry.

So, for all those aspiring students who want to build successful inroads in the area of management, acquiring training in retail management can be a great way to start a career in retail sector. That being said, procuring a management degree from renowned management institute like IMT Nagpur can prove to be fruitful for aspiring MBA in retail students.

The main objective of management training in IMT Nagpur is to impart students with the importance of ‘striking a balance between theoretical knowledge and practical skills’ – combination of strong conceptual base with contemporary practices and trends. Make successful careers in management by joining hands with IMT group of management institutes.

 

Effective Business Communication Skills Make a Manager Successful

Any business establishments with well-organized and clearly-defined channels of communication have a higher success rate compared to one without. Hence, organizations having effective and coordinated business communication systems meet their business goals, and their incredibility increases. In a nutshell, the role of a manager becomes elaborate and critical given the labyrinth of communication flows that take place in a business organization.

Typically, a manager works in close coordination with colleagues, seniors, juniors or clients, that is why effective communication skill is one of the major qualities in order to become a successful manager.

There are two kinds of communication flow that exist in an organization— external and internal communication. Internal communication refers to the transfer of information, data and messages among employees of an organization whereas external communication is flow of information, data and official correspondences between employees and individuals outside the organization, in other words, the customers and business partners. Thus, communication plays a critical role in business development, operations and in retaining the client relationships.

In fact, building a good rapport with customers and clients increase the trust and reliability in business relationship, hence and making it a core business strategy will help a company grow immensely. In a way, the role of a manager is all the more important because attaining competitive advantage in formal and non-formal business contexts is directly in his hands. Listed below are some of the key qualities an MBA graduate or a manager must possess in order to perform successfully in any given business environments:

• Must possess excellent communication skills in order to supervise business discussions

• Must master the nuances of business writing in intercultural context

• Carry a strong business command through the use of appropriate body gestures and non-verbal communication cues.

• Know the techniques and the importance of effective business presentations.

• Possess high interpersonal skills, well-versed with corporate etiquettes and work ethics.

The degree of relevance of the skills mentioned above increases as one goes up the ladder—middle level managers of various public, private and MNCs (multinational companies) who are involved in core business operations, people management and business implementations are best complemented with these traits.

IMT Ghaziabad is a leading management institute which is ranked among the top-ten best Indian Business Schools in India, and it recognizes the critical importance of effective business communication in a business organization. According to the visionary and director of IMT group CDL, Dr Sherry, their management students are exposed to overall skill-developments and they are also well-trained in personality traits.

The institute is undergoing expansion of its centers in other parts of India, and currently IMT Hyderabad is the upcoming project besides the already functional IMT Dubai and IMT Nagpur.

What Have Been The Principal Differences Of CAT 2009 And 2010?

Until a few years back, the Common Aptitude Test (CAT) was a one day process, wherein all applicants across the nation appeared for CAT exam on the same date. CAT is one of the most prestigious competitive exams for those who wish to seek admission into the country’s premier management institutions.

 

However, CAT went through a change recently – it was transformed into an online examination that is set to last over three weeks. CAT 2010 is the first computer-based test of CAT. This new system of conducting the CAT examination was welcomed by students one and all, with a few apprehensions whatsoever.

CAT 2010 has been way better than CAT 2009, is the opinion of most of the CAT takers across the country. And this is not just an opinion, but a fact as well. There has been a glitch-free season of CAT so far, thanks to the colossal efforts of the CAT convener – Prof. Himanshu Rai of IIM Lucknow. He has been chiefly responsible for the forecast and vigilant execution of the Online procedure of CAT 2010. There have been some changes that have been made to the procedure of convening this examination, and a comparative analysis of the two will help CAT takers in the future:

A. One of the most important changes is the number of test days in the CAT window. From ten days to twenty, the number of days has been extended as compared to the last year 2009.

B. Also, there has been a significant change in the number of CAT takers this year, from 2,46,000 in 2009 to 2,04,000 in 2010. There has been a massive reduction in the number of applicants (15 per cent), which is contrary to what has been the case over the last decade.

C. CAT 2009 was held over a period of twelve days, including the extra two days for retests of some students. However, there have been no reported cases of retests this year.

D. CAT 2009 takers were competing for admissions in 7 IIMS while this year, the number of IIMs have been increased to 10, another opportunity for all aspirants to look forward to.

E. The difficulty level of CAT 2010 however has been brought down to easy, as compared to the level of CAT 2009. This has come as a welcome change to all aspirants and students who seem more satisfied and at ease.

However, on the darker side, this year too, there have been students who have complained about certain erroneous questions. In some of the students’ tests, the options provided for each of the questions did not contain the correct option. Owing to these complaints, the conveners have sent the questions for a thorough check and the results are yet awaited. CAT 2010 has grabbed all the attention, especially because it is your one chance to get into some of the country’s most coveted management schools, like IIMs, FMS, ISB, et al.

Management education has been gaining importance over the years, and the demand for management graduates is increasing by the day. Prestigiousmanagement institutions like the Institute of Management Technology, Ghaziabad, too consider CAT scores for admission into IMT.

 

Relevance Of CAT In Master In Business Administration

By and by, the relevance of MBA education in India-one of the emerging economies in the world-has increased immeasurably. Countless number of management institutions has sprung up in patches in the country to inculcate professional MBA trainings to deserving candidates, and this new development aims at eliminating the current shortage of qualified and well-trained managers sprawling across all the industries in the country.

CAT (Common Admission Test) is India’s most reputed management examination, and it is also the foremost screening process for admission in premier Indian Management Institutions (IIMs). The CAT score determines not only an MBA aspirant’s dream to qualify for admission in IIMs but it inadvertently validates management admission of MBA aspirants in mid and low rung institutions.

Every year, tens and thousands of students irrespective of their fields of academic study or specialization take their trysts with CAT. Apparently, the trend in the CAT examination follows ‘twist and turn’ and this year it has recorded a drastic drop of about 15% in the number of candidates compared to last year’s 2,41,000 students who took the test. Industry experts blame the prevailing post-recession market (to some extent) responsible for unleashing insecurity among MBA aspirants.

According to statistics, nearly 60% of the total number of CAT applicants is candidates with job experience, and it is this segment of the data that have shown a drastic drop in numbers. CAT examination is especially designed for students who are interested in pursuing post graduate level management degree from prestigious B-schools in India. It is held once annually and the level of difficulty is comparatively higher to other management entrance examinations, plus this kind of examination is conducted at a national level.

Technically, the CAT written examination consists of various sections whose objectives are to test the overall intelligence and proficiency of the candidate in the areas of general awareness, logical reasoning/ ability, data interpretation, quantitative ability and so on. Owing to the high difficulty level of the examination, interested candidates are recommended thorough practice and preparation before going ahead with it.

This management entrance holds the highest value in MBA admission in India that is why it stirs waves among students who are keen on applying for admission in renowned B-schools. The management entrance examination is conducted for admission to the following post graduate programs namely- Management, Agri-business management, Software enterprise management, Computer aided management, Public policy and management, Management for executives and lastly, Fellow program in management.

A graduation degree from any recognized university with not less than 50% aggregate marks in any stream is the standard requirement for CAT application. Leading management institutions like IMT which ranks third amongst private B-schools in India admits CAT qualified students annually in their post graduate management programs offered at various locations- IMT Ghaziabad, IMT Dubai, IMT Hyderabad (underway) and IMT Nagpur.

 

IMT understands the importance of Comm Skills

Any business establishments with well-organized and clearly defined channels of communication have a higher success rate compared to one without. Hence, organizations having effective and coordinated business communication systems meet their business goals, and their incredibility increases. In a nutshell, the role of a manager becomes elaborate and critical given the labyrinth of communication flows that take place in a business organization.

Typically, a manager works in close coordination with colleagues, seniors, juniors or clients, that is why effective communication skill is one of the major qualities in order to become a successful manager. There are two kinds of communication flow that exist in an organization- external and internal communication. Internal communication refers to the transfer of information, data and messages among employees of an organization whereas external communication is flow of information, data and official correspondences between employees and individuals outside the organization, in other words, the customers and business partners. Thus, communication plays a critical role in business development, operations and in retaining the client relationships.

In fact, building a good rapport with customers and clients increase the trust and reliability in business relationship, hence and making it a core business strategy will help a company grow immensely. In a way, the role of a manager is all the more important because attaining competitive advantage in formal and non-formal business contexts is directly in his hands. Listed below are some of the key qualities an MBA graduate or a manager must possess in order to perform successfully in any given business environments:

* Must possess excellent communication skills in order to supervise business discussions

* Must master the nuances of business writing in intercultural context

* Carry a strong business command through the use of appropriate body gestures and non-verbal communication cues. * Know the techniques and the importance of effective business presentations.

* Possess high interpersonal skills, well-versed with corporate etiquettes and work ethics.

The degree of relevance of the skills mentioned above increases as one goes up the ladder-middle level managers of various public, private and MNCs (multinational companies) who are involved in core business operations, people management and business implementations are best complemented with these traits.

IMT Ghaziabad is a leading management institute which is ranked among the top-ten best Indian Business Schools in India, and it recognizes the critical importance of effective business communication in a business organization. According to the visionary and director of IMT group CDL, Dr Sherry, their management students are exposed to overall skill-developments and they are also well-trained in personality traits.

The institute is undergoing expansion of its centers in other parts of India, and currently IMT Hyderabad is the upcoming project besides the already functional IMT Dubai and IMT Nagpur.

IMT Ghaziabad Presents PRATIGYA – A Social Initiative

Ghaziabad,India-In a fast changing country riding on the waves of economic boom and a burgeoning middle class, life is full of opportunities and avenues for many. While this picture is praiseworthy, somewhere, the social focus needs to be brought back into the picture, to make a difference to the social and ecological environment around us. And MBA students could be forerunners in attempting to achieve this end. With this objective, the Institute of Management Technology, Ghaziabad, presents PRATIGYA, a social initiative intended to bring forth a myriad of socially relevant issues, and to make a change in society.

PRATIGYA will, through a set of unique initiatives, attempt to awaken the public psyche and effect change. The first of these initiatives is “Swatchatha”, a cleanliness drive on the streets of Delhi and Ghaziabad, at places such as India Gate, through activities which include cleaning the streets, distributing dustbins to hawkers, distribution of pamphlets and recognition of the contributions of the cleaning staff.

Women’s empowerment being a critical issue in society today, will receive special attention through the second initiative. The students of IMT Ghaziabad, through “Swashakti” will help women living below poverty line (BPL) set up Self Help Groups as well as achieve financial literacy. The SHGs will also be helped to market products to set up successful businesses. Similarly, child development is of prime concern to a country like India and in the hope of achieving this, IMT Ghaziabad along with some Government schools in Delhi and Ghaziabad will take up this initiative, called “Neev”. The students will visit schools and conduct competitions which have educative value. There will also be special focus on child beggars and labourers, who will be provided education and professional sports training.

“Suraksha” is an initiative to educate people about traffic rules and traffic safety. Through banners and pamphlets, at busy traffic junctions, the students will to achieve this. As far as places of recreation go, malls are the hotspots of activity and there is no finer place to create awareness about haunting issues such as social corruption, global warming, energy and water conservation etc. Through “Jagruti”, the students of IMT Ghaziabad will be holding quizzes, games and street plays to achieve this end.

PRATIGYA will be a one day event taking place on the 13th of November, 2010 in National Capital Region.

About IMT

The Institute of Management Technology (IMT) is one of the leading business schools in India. IMT has campuses in Ghaziabad, Nagpur and Dubai. IMT also offer distance learning education through IMT-Centre for Distance Learning, Ghaziabad. IMT Ghaziabad is ranked among top 10 b-schools in India and IMT Nagpur is ranked among top 20 private b-schools. IMT Dubai has been the first-ever Indian b-school to get an approval from ministry of higher education and scientific research, Govt. of UAE to offer an accredited MBA program and executive education to companies operating in UAE.

IMT is widely recognized as a center of excellence in management education, having molded itself according to the fast changing business and social environment over the last 29 years. IMT boasts of one of the best infrastructure in the country which is evident from its consistent high ranking on infrastructure parameter. Its strength lies in its eminent faculty and the quality of its courses that have in many cases, been trendsetters.
For further information, please contact:

Puneet Rai
Corporate Communications
Institute Of Management Technology
Mob: 9711188046
Email: prai@imt.edu