Monthly Archives: March 2013

How to Select the Best MBA Institute For Management Education

Do you want to build your career in rewarding and satisfying field? If yes, MBA is one of the lucrative careers of today. There are numerous MBA Institutes in India that run best business programs at their institutes. Having great career opportunities in this field, thousands of students do work hard in order to get admission in Top notch MBA Colleges. There are some simple steps that will help you to get admission in these institute.

• If you have great intention to be a part of Top MBA Institute, you should have to qualify national level entrance exams such as CAT, MAT exams. Many reputed colleges prefer those candidates who have qualified these entrance exams.

• In order to select good institution, you should have the complete knowledge about college profiles. You should also know about their accreditation, experience, projects, programs, certifications, experts and much more.

• Over the Internet, you may find many colleges that offer online programs. So you can pick your college and apply online at their online admission forms and fulfill the mentioned requirements.

• Before taking admission in any Institute, you should check out its offered programs. Today, there are many MBA fields like hospitality, administration, media etc. So you can select your favorite field and make a career in it.

• If you are a working student, you should ensure for separate classes. Many MBA Colleges organize separate classes for the working people. A good MBA college always has some provisions such as scholarship programs, campus placements, evening classes and much more. So you should pick a college that fulfills your requirements.

Human Resources Management Education & Training

Human resources schools are available through campus locations or online programs. Online programs have become popular for working individuals who cannot disrupt their work schedules and income streams from their current jobs. Choosing the right school starts with having a clear picture of what your career goals are and enrolling in a program that will supplement your on the job training. At the undergraduate and bachelors level, schools offer business administration degrees with an HR concentration. At the graduate level, there are degrees available specifically for human resource management.

A bachelors degree with an HR concentration will cover topics such as labor and employment laws, compensation systems, recruiting methods, occupational behavior, and diversity in the workplace. In addition to the core curriculum, at the bachelors level, you will learn about general business strategies and topics. Courses on productivity, business management and leadership, as well as some general business economics are typically part of the program as well.

At the graduate level, many schools offer an mba or a human resource management masters degree. These programs are designed for those who will be in upper level or leadership roles within the HR department of a company. A common path in the career is to start with an entry level position, then, over time, continue to supplement your skills through on the job training and online learning through a college or university.

Once you have been in an HR role for at least two years, it is a good idea to become certified through The Human Resource Certification Institute (HRCI). The HRCI offers a PHR (Professional in HR) certification for the entry to mid level professional. Those who have a masters degree may take the exam for certification after only one year of experience, while those with a bachelors degree must have at least two years of human resources job experience. There are additional levels of HR certification and different types; however, the PHR is usually the first step.

The first step is to research schools and find one that is aligned with your career aspirations. From there, it is a matter of continued training on the job, certification, and further education. If you are a natural leader with high ethical and personal standards, and want to be advocate for both workers and businesses, a career in human resources could be a rewarding one.

Your Stress-Management Education Course in an Article

Education is different things to different individuals. While the whole world is focused on traditional education, I believe that the best education is self-study, and independent study, if one really wants to get a true grip on life. Yes, I promote and agree that everyone needs a high school and a college education, but it is my true belief also that these traditional educations must be supplemented with life education, with experience, and with on-the-job training wherever possible. If you are interested in advancing in any particular field and interested in having the best life you can have for yourself, then you will live and grow with the idea that your education is never finished. Yes, you hear correctly. For you, the successful individual, your education is never finished.

And it is always growing according to your outside environment and your inside attitude, personality, dreams, wishes, hopes and goals. And that all put together is your wholesome education. You will, without a doubt learn your most valuable lessons, not in a classroom, but in life, outdoors with people, while you are surrounded with the real world. That is and should be some of your most prized possessions when it comes to having a real education.

So, what is your extra education? What is necessary beyond those four walls and many buildings of high schools and colleges? The rest of your education consists of going to Broadway plays, of meeting new people in your own cities and in the rest of the USA or the world as you travel throughout your life. Some of your extra education will be in observing people and seeing how they live and knowing that the way you live is only one way and that there are millions of other ways to live a life and most of them are successful. The rest of your education consists of listening to great music, seeing great art, talking with great individuals. The rest of your education consists of reading not books but entire libraries of books, one book at a time, one day at a time.

And I think one of the most vital parts of your education is knowing that the news of the day will only serve to depress you. So to force your education to go in a most positive direction and to add joy and clarity to your life, to be your most successful person listen to the news (if you need to do that) only in the midday part of your day, not in the morning and not in the evening. Why ? The reason to refrain from news-bites early in the morning is because you do not want to bring all the bad news with you as you begin your day, and the reason to refrain from the news in the evening is because you do not want ot bring the bad news to sleep with you at the end of the day. Cover your world with good, positive blessings and thoughts as you begin your day and fill your pre-sleep hours with great positive, soothing thoughts and you will be your best you.

Blazing a Trail in Infrastructure Management Education in India

Infrastructure and Economic Development

The Planning Commission has set an ambitious double-digit national economic growth rate during the 11th Five-Year Plan. How do we go about pursuing this tall order? There is now a general consensus that the answer lies mainly in the creation of high quality infrastructure – physical, social and economic. How the Interstate Highway System launched by the Eisenhower administration in the ’50s helped create a more mobile and vastly wealthier America is now legendary. Back home, in India, we have the classic case of the Grand Trunk Road, built by the 16th Century ruler, Sher Shah Suri, to promote trade. A 2000 km stretch of the Grand Trunk, linking six Indian states, still acts as the backbone of commercial prosperity across India.

Several studies in the past have shown that the spread of rural infrastructure assists economic growth and leads to a decline in poverty. According to the Rural Infrastructure Report, recently brought out by the NCAER, development of rural infrastructure has a five-fold impact on the economy. Good infrastructure creates better access to employment and provides further earning opportunities;
increases production efficiency; gives access to previously inaccessible commodities and services; helps citizens save time and, thereby, involve themselves more in productive activities; and
improves the health and physical condition of the rural population.

Infrastructure-centric Governance

Economic liberalization heralded the beginning of a new era of infrastructure-centric governance in India. The government is already putting in place a transparent and independent regulatory framework for the infrastructure sector, based on international best practices. A committee has been constituted under the chairmanship of the Prime Minister, to closely monitor the progress in all key infrastructure projects, on a quarterly basis. A Viability Gap Grant Scheme has been instituted for supporting infrastructure projects (like power, roads, ports, airports, railways, water supply & urban transport) which, despite being economically viable, are financially unviable. A Special Purpose Vehicle (SPV), called the India Infrastructure Finance Corporation Limited (IIFC), has been set up to lend funds with longer term maturity to commercially viable projects in infrastructure sectors, including projects which become viable after receiving viability gap funding from the government. Comprehensive Model Concession Agreement (MCA) Frameworks for Public Private Partnerships (PPPs) are either in place or being formulated for the Highway, Seaport & Airport sectors. These MCAs, based on internationally accepted principles and best practices, unbundle risks and costs, and allocate them to the party best suited to manage them. Rail container movement, so far monopolised by the public sector entity, CONCOR, has been thrown open to competition, making private sector entities eligible for owning and operating container trains.

Today, the sectoral policies at the national, regional & local levels are being developed around ‘touchstone’ principles, like: (1) Efficient use of existing assets and optimal allocation of additional resources, (2) payment for services, (3) equitable contractual structures, (4) transparent process of procurement, (5) fair regulatory framework, (6) enabling institutional infrastructure, and (7) sustainable incentives and concessions.

New Demands on Infrastructure Management

As path-breaking concepts, frameworks and methodologies are being evolved, at the national, regional and local levels, especially in the critical facets of infrastructure management such as financing, contracting and regulation, an Infrastructure Manager today needs to have a variety of skills:
 Marketing, business development and financial management skills for mobilizing and administering project resources.
 Engineering and technical skills for ascertaining the technological soundness of the project.
 Skills in Participatory Learning & Action (PLA), Information, Education & Communication (IEC), and Strategic Environmental Assessment (SEA) to evaluate the location-specific social, economic & environmental impact of the project.
 Organizational & capacity-building skills to ensure the sustainability of the project.

Need for Holistic Training

With a huge investment requirement of the order of about Rs.14.5 trillion ($320 billion), over the next six years, and a spate of new investor-friendly policies in the offing, Infrastructure is all set to become the most ‘happening’ sector of the Indian economy. The immediate requirement of the Indian economy is a pool of holistically trained domain-ready infrastructure managers, who have the ability and grit to (a) convert the huge investments into quality infrastructure facilities; (b) upgrade the existing infrastructure set-up; and (c) sustain high infrastructure service levels by adopting better management practices. Be it physical, social, economic or environmental infrastructure, the demand for such holistically trained managers is going to be unprecedented.

A Trail-blazer

In response to this crying need for domain-ready managers the first-ever comprehensive Post-Graduate Diploma in Infrastructure Management (PGDIM) Programme in the country was launched in August 2005. The programme, offered by Karnataka’s prestigious Visvesvaraya Technological University (VTU), is being conducted by the School of Management for Infrastructure and Development Strategies – India (MINDS), at Bangalore. MINDS is a Division of the Centre for Symbiosis of Technology, Environment & Management (STEM), a professional research group with nearly two decades’ standing in Development Research, Consultancy & Training.

The PGDIM is a one-year full-time programme for graduates in all disciplines of engineering and post-graduates in other disciplines. The curriculum is designed on a holistic approach to Infrastructure Management covering Project Management; Marketing; Contract Management; Infrastructure Finance; ICT Applications; GIS Applications; Strategic Environmental Assessment (SEA); Legal & Regulatory Environment; and Emerging Paradigms. The programme participants also work on live projects being implemented by reputed infrastructure organizations, and gain hands-on professional experience.

Based on the encouraging experience of running the unique PGDIM Programme, VTU is commencing a new format two-in-one PG Programme in Infrastructure Management from the academic year 2007-08. Very modular in structure, this innovative programme provides for a ‘Dual Qualification Option’ whereby a student receives a Post-Graduate Diploma in Infrastructure Management (PGDIM) on successfully completing the first year and also an MBA Degree in Infrastructure Management, after the second year. One exceptional feature of the Dual Option PG Programme is that it is a highly modular arrangement whereby a student needs to make up his/ her mind only midway or even at the end of the one-year PGDIM whether to move on to the second year of the MBA.

The second year (MBA level) comprises two semesters and includes an advanced Internship by way of extended project assignments. An additional feature of the MBA is that it also provides for specialization in areas such as Urban Governance & Management, IT Infrastructure Management, Communication & transportation, Power & Energy, Health, Education, Water & Sanitation, and PPP.

Management Education Courses

The field of management is vast leaving students with educational options from general management to risk management. Students seeking a degree in management will find that courses are broken down into general business and concentrated studies. General business courses are included into every concentration. Concentrated business courses are taken as part of a specific degree.

Through courses students will learn to incorporate general business knowledge with specific leadership skills. The field of study emphasizes the application of business knowledge, economic issues, and employee care. Each degree concentration focuses on different skills but all provide students with the ability to step into a career as a manager.

General Business Courses Can Include:

Finance for Business
The elements of finance are explored in regards to management. Subject areas include financial markets, tools, procedures, and techniques used to make financial decisions. Students learn how to analyze, plan, and work with areas like budgets and international finance risk.

Principles of Economics
Courses focus on the different theories of microeconomics and macroeconomics. Students look at the issues affecting the industry like trade agreements, Consumer Price Index calculations, and labor demands. This introductory course teaches students to explain how economics affect how decisions are made and determine how the change in pricing can directly influence the business market. Topics like Federal Reserve and economic health are discussed.

Accounting
The basics of financial accounting are examined in regards to identification and measurement. Through the focus of effective management, students learn how to work with financial information and make decisions. The accounting process is looked at, which includes topics on financial statements, retained earnings, and closing balances.

When students start concentration courses the focus shifts from general application to specific management duties. Degree concentrations in organization, risk, project, organization, conflict, and restaurant management all have different required courses. Concentration courses stress fundamental managing techniques and career responsibilities. Courses for some concentrated areas may include:

Project Planning
The best procedures and professional standards for project management are incorporated into a general eight-part management plan. Students learn how to establish a project charter and goals. This is used to work towards completing a project on schedule, which includes topics on scope statement, baseline, control, and development. A course like this is focused on teaching students management skills that help them keep a business and its employers on track.

Corporate Risk
In order to avoid monetary harm students learn how to create a plan in a risk management concentration. A risk course will teach students how to identify, measure, and manage risk. Subjects include different types of risks, measurement procedures, and plan techniques.

Conflict Management
Courses in conflict management prepare students to handle conflict among stakeholders inside an organization. The nature of the conflict, how to design a solution, and how to resolve a dispute are main areas explored.