Source:http://articles.timesofindia.indiatimes.com/2012-04-25/news/31398531_1_mba-students-innovation-indian-students
"Competitive challenges are rapidly increasing in the Indian economy and moreover 50 per cent of the market is volatile and 80 per cent of the business organisations in the market believe that their market is becoming global," said Minal Shanghavi, associate director, Advisory Services, Ernst & Young Pvt Ltd.
Shanghavi said that in the second year, every MBA student grows nervous to get a good job in the industry. In order to get that one must understand how a company functions in the dynamic space of industry, trade and commerce. "No environment is static and high performing companies depend upon customer reach, cost competitiveness, stake-holder's confidence and operational agility," said Shanghavi.
Pondering upon the growing trend of business beyond boundaries, Shanghavi said that the main mantra for growth is innovation in creating new products, new markets and new talents. "Indian market has not gained importance in innovation of new products," shared Shanghavi. He said that Indian students lack the innovative mindset and focus more on mugging up things, whereas an American students focus on innovation. He also observed that to innovate, one must keep on trying. "In fact 72 per cent of the companies say that employees are the biggest source of innovation," added Shanghavi.
Moreover Shanghavi stressed on the necessity of today's management graduates to work in teams so that they get exposure to handle people from varied backgrounds. "Companies are implementing constant recruitment processes and they are becoming very selective. They are also emphasising on engaging employees through various strategies," pointed out Shanghavi. He also spoke about the concept value creating which is the current trend and which has replaced the value capture.
The seminar concluded with a vote of thanks by Prof Aloke Kumar Sen, director, Management Education Center. More than 100 MBA students of Heritage attended the seminar.
Heritage Institute of Technology organised a seminar to make MBA students aware of the future challenges
KOLKATA: A seminar was organised by Management Education Center of Heritage Institute of Technology, Kolkata on April 12, 2012 to enlighten the MBA students about the future challenges they have to encounter in the market. By creating a difference in the organisations they aim to work in the competitive Indian economy.
"Competitive challenges are rapidly increasing in the Indian economy and moreover 50 per cent of the market is volatile and 80 per cent of the business organisations in the market believe that their market is becoming global," said Minal Shanghavi, associate director, Advisory Services, Ernst & Young Pvt Ltd.
Shanghavi said that in the second year, every MBA student grows nervous to get a good job in the industry. In order to get that one must understand how a company functions in the dynamic space of industry, trade and commerce. "No environment is static and high performing companies depend upon customer reach, cost competitiveness, stake-holder's confidence and operational agility," said Shanghavi.
Pondering upon the growing trend of business beyond boundaries, Shanghavi said that the main mantra for growth is innovation in creating new products, new markets and new talents. "Indian market has not gained importance in innovation of new products," shared Shanghavi. He said that Indian students lack the innovative mindset and focus more on mugging up things, whereas an American students focus on innovation. He also observed that to innovate, one must keep on trying. "In fact 72 per cent of the companies say that employees are the biggest source of innovation," added Shanghavi.
Moreover Shanghavi stressed on the necessity of today's management graduates to work in teams so that they get exposure to handle people from varied backgrounds. "Companies are implementing constant recruitment processes and they are becoming very selective. They are also emphasising on engaging employees through various strategies," pointed out Shanghavi. He also spoke about the concept value creating which is the current trend and which has replaced the value capture.
The seminar concluded with a vote of thanks by Prof Aloke Kumar Sen, director, Management Education Center. More than 100 MBA students of Heritage attended the seminar.
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