PRABANDH 2015 !!

Prabandh, the much awaited General Management Conclave, organised by Department of Management Studies, NIT Trichy, was held on 20th February, 2015. Every year in February and August, the event is organised with much dedication and spirits, inviting eminent speakers from different industry domDSC_0049ains to make the students aware of the latest business world scenario and happenings in the business sphere.

As a usual tradition, the event began by evoking the blessings of the Almighty with a prayer song followed by the lighting of the lamp by our esteemed guests speakers, Dr. V. Gopalakrishnan, former executive director, BHEL, Mr. Mohandoss Thulasidoss, Senior Vice President at Fidelity investment, Mr. Vasanthi Gokula Prasad, Founder, NAGAS Consultancy and MDSC_0036r. T. S. Ramesh, Chief Operating Officer, Xybion India Pvt. Ltd. along with our guest of honour, Dr. Srinivasan Sundarrajan, Director, NIT Trichy, and Dr. V. J. Sivakumar, Head of Department, DoMS, NIT Trichy. The event was also graced by the esteemed presence of Dr. G. Kannabiran, Dr. G. Muruganantham, other faculty and staff members, and the students of the 35th and 36th batch of the Department of Management Studies,

Firstly, Dr. V. Gopalakrishnan, Former Executive Director, BHEL addressed the gathering. It was a great honour to have him with us to deliver his lectureDSC_0089 on “Leadership in  21st Century”. He talked on how IT has changed the leadership style from the past era to the present making it more transparent yet challenging. He illustrated his real life industry experiences and cited how things changed and are continuously evolving each day. Learning from the lens of an elderly and experienced person, he projected to the students that simplicity, patience and compassion are the three most essential tools to succeed in life. His knowledge imbibe in the students the values that are essential for a manager in the long run to sustain in the ever growing competitive world.

Secondly, Mr. Mohandoss Thulasidoss, Senior Vice President at Fidelity investment, gave us an insight about the intelligence age and how one should equip oneself for the same. The evolutioDSC_0113n that started with the agricultural age, moved to industrial age, followed by the current information age and rapidly making a move towards intelligence age was explained with apt examples. Further, he explained how technology has empowered today’s generation to be more informed.

To follow, we had Mr. Vasanthi Gokula Prasad, Founder, NAGAS Consultancy, who excels in the HR domain. He spoke about talent acquisition,DSC_0135 talent management and the various challenges attached with the same. Talent acquisition and management are both the sides of the same coin, neither of which is an easy task.

The last speaker, Mr. T. S. Ramesh, Chief Operating Officer, Xybion India Pvt. Ltd. acquainted us with the ever growing power of digital marketing. In the current business environmentDSC_0155, the word digital has almost replaced traditional, so is true in marketing. He equipped us with the requisite knowledge in this field and also made us aware about the various tools for its application.DSC_0138

Indeed, Prabandh not only provides a platform to all the DoMSians for knowledge sharing and interaction with reputed people from various industries, it also gives the students the exposure that is important for the holistic development of a management student.

Off Goes 2014..!!

“New Year’s Day. A fresh start. A new chapter in life waiting to be written. New questions to be asked, embraced, and loved. Answers to be discovered and then lived in this transformative year of delight and self-discovery. Today carve out a quiet interlude for yourself in which to dream, pen in hand. Only dreams give birth to change.”

The year 2014 passed by like a cool breeze of air, leaving us at DoMS, awestruck with wonderful memories that we would cherish for the rest of our lives. It still seems like yesterday when the 36th batch of DoMS had entered the much sought after arena of pursuing MBA. 2014 began like a roller coaster ride, full of fun-filled learning and lots of other festivities.

 The year started with the welcome of the 36th batch into the DoMS family which shares a bond of love and sense of belongingness among its members. The onboarding program included FIRM games which were not only exciting but also gave us friends for life. The various games helped intermingling of 35th and 36th batches which now work like one big racing team in the adventurous ride FIRM'36Thcalled MBA. It filled juniors’ hearts with warm joy to see how seniors stood up with them, guided and made them feel at home. Of course! A home-away-from-home. FIRMs were a good ice breaker.

Mr&Ms_Freshers'14

Up next was the much awaited Freshers’ Party where the junior batch was made to feel that they were one of their kind, special and adorable. If every human being loves to feel special, it was exactly what we felt while walking through the hallway with showers of welcome, blessings in flowers from the senior batch amidst hooting and applaud. It all felt like being the tinsels glowing and gleaming in our charm and glory.

Teachers’ Day celebration were the next event in our journey at DoMS. The students performed various events as a mark of respect to their teachers. The energy that enthralled the A13 hall was immense and the sight of this event was worth watching. The guest lectures and Analytics’ Conclave- ‘Prabandh’ filled whatever was left of the first trimester.DSC_0244

The fervour and zeal to perform better and devour more knowledge increases with time and learning. The same got imbibed in all of us. The advent of 2nd Trimester brought with itself the EXCITEMENT to do better, baby yet first steps towards maturity in the life called MBA. All minds after returning from ‘Pooja’ holidays were set on taking ourselves to the next level. A sense of responsibility developed for each other. The graph of overall development went up and only up. The bond with DoMS became stronger and so did the friendship among batch mates and with seniors.

Currently in the second trimester, the 36th batch is having, what we call, an exquisite time that isFreshers'36thbatch not only vivid in terms of knowledge but also exotic in terms of experience. 2014, towards the end has filled us with nostalgia, made us realize that time is running fast and there is much to be accomplished. The mere thought that each passing day subtracts a day that we are meant to spend in the beautiful campus of NIT,Trichy makes us sad. But then, that is life, all days end and are followed by new ones full of exciting opportunities. Thus we look at 2015 as a year full of dreams, hopes and resolutions. We welcome the year 2015 with a warm heart hoping to give our best and make it yet another memorable one in the history of DoMS!

Wish you all a very warm, joyous and happy new year 2015!

PROGYAN 13 CONQUERED !!

Progyan, Management fest of Sastra School of Management, Thanjore was conquered by the students of DoMS NITT. Out of the 10 events held at the fest, 5 were topped by students of DoMS NITT. These achievements lead to overall trophy to DoMS NITT.

Paper presentation competition was won by Anshuman Dutta from MBA II year while Gowthami and Gautam Sai bagged the second prize in the same event. First prize for Best Management team was won by Amitesh Singh Yadav, Amod Garg, Harshit Agrawal and Nitesh Mittal. Quiz competition was won by Gautam sai and Gautami Mohanlal.  Spin-a-Yarn, a creativity event, was won by Nitesh Mittal and Amitesh Singh Yadav.

The Director of Sastra University congratulated the DoMS team for their performance and also wished them luck for their future endeavors.

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M’Pulse – The Marketing Conclave

Department of Management Studies of NIT Trichy conducted a one day Marketing conclave, M-Pulse 2013. The event comprised of lectures from three prominent personalities from the industry and an event conducted by the marketing club, NISADYA of DoMS.

The occasion was greeted by Dr. VJ Siva Kumar Associate Prof. DoMS NITT. After that our HOD DoMS welcomed the guests and emphasized on the importance of such conclaves in a MBA Curriculum. Dr. S. Sundarajan Director NITT addressed the gathering and highlighted the significance of interaction of students with industry people and their alumni considering the global competition which we are facing every day.

The session started with the keynote address of Mr. Mitul Mehta, Vice president & Global Head-Marketing Accelya Kale Solutions Ltd. Mr. Mehta gave an insight on service marketing to the students. He introduced 7 P’s of service marketing which extended the 4 P’s concept. The three new P’s namely People, Process, and Proof were the key point of discussion of his session. He gave examples and case studies of companies which out grew their capabilities by taking care of these three factors.

The next lecture was given by Mr. Austin PM, CEO, Max Value Univ. His talk was basically focused on Online Marketing and its nuances. He spoke on several methods of online marketing and how small companies are saving their cost and using this medium to advertise themselves. He spoke on how the companies are focusing on Facebook, Twitter and LinkedIn to build their image.

The last session of the day was delivered by Mr. Dorai Thodla, Founder; iMorph Inc. Mr. Thodla exchanged his views on ‘Tools for Marketing for various levels of a Start up’. He shared examples of how different websites have given tools to access one’s online position and how a new company can leverage them to develop their marketing strategy.

Largely the sessions were very informative and helped the students to understand the nuances of marketing industry and its developments in physical as well as virtual space.

DoMS- NIT Trichy professor highlights quality practices in Singapore

G.Muruganantham, Assistant Professor, Department of Management Studies, National Institute of Technology – Tiruchi, was among two Indians to participate in a recent workshop at Singapore focusing on business excellence framework and its value to organisations. Byagathvalli Subbanna Prakash, Head, Business Excellence – Time Products Division, Titan Industries Limited, Bangalore, was the other Indian participant at the workshop organised and sponsored by Japan-based Asian Productivity Organisation (APO) and SPRING (Standards, Productivity and Innovation Board), Singapore. Others among the eighteen participants represented nine countries, including Malaysia, Pakistan, Philippines, Sri Lanka and Thailand. The business excellence framework (quality award initiatives) based on Malcolm Baldridge business excellence framework of USA spread over seven criteria: leadership; strategic planning;; customer and market focus; measurement, analysis and knowledge management; human resource; process management; and business results, provides a holistic standard covering all critical factors, processes and results for business results in an organisation.

Innovation: Business excellence initiatives help organisations to assess and improve their performance against the requirements of an internationally benchmarked business excellence framework. Business excellence is a journey. Initiatives provide a roadmap for companies for continuous improvement and innovation, according to Dr.Muruganantham. In a special lecture he delivered at Singapore on ‘Quality Practices in India’, he emphasised on the immense scope for Indian companies to apply for various international quality awards such as the prestigious Deming quality award from Japan that provide better visibility, more business and higher profits to the company. Alongside enhancing image, the award will command respect among stakeholders, and, if marketed strategically, will act as a differentiator for competitive advantage. Dr.Muruganantham, who handles Business excellence frameworks in Total Quality Management for MBA students at NIT-T, also took part in the third Business Excellence Global conference and 17 {+t} {+h} Asia Pacific Quality conference at Singapore. National Productivity Council (NPC), New Delhi processed the applications of Indian participants. Upcoming project notifications can be downloaded from http://www.apo-tokyo.org.

Source- The Hindu

Staff Reporter

Urgent: Centre Change

Hi Aspirants
Congrats to all those who have got a call for GD/PI.
The centre for Delhi has been changed to DoMS-IIT Delhi.
This is in front of the past address,Shri Lal Bahadur Shastri Rashtriya Vidyapeetha.
Please note the new address
DoMS-IIT Delhi
Vishwakarma Bhavan
Shaheed Jeet singh Marg
New delhi-110016

Regards
Admission Cell

The Parallel Economy

INTRODUCTION

It is believed that the second most populated country in the world with around 1,150,000,000 (1.15 billion) people, India is growing in stature amidst the economies of the world. The following figures will also give a normal Indian some causes to smile.
GDP (purchasing power parity): $3.57 trillion (2009 est.)
GDP (official exchange rate): $1.236 trillion (2009 est.)
Source- https://www.cia.gov/library/publications/the-world-factbook/geos/in.html
But the truth is that the Indian economy is today witnessing a serious crisis. Unemployment, financial scams, political chaos and sick companies are the result of this unchecked phenomenon that has mushroomed under successive Congress Governments and has already done more harm than centuries of Muslim or Christian domination.
Today India is also seen as a potential world leader based on its thriving economy. But there is another economy thriving in India which everyone should be aware of. This economy is known as “The Parallel Economy”

THE PARALLEL ECONOMY:
A parallel economy is so called as it disregards the rules and regulations that ‘white’ businesses follow. The components of the parallel economy are numerous. Tax-evasion, Smuggling, Bribe-Taking, Foreign-currency racketeering are some of the more prominently visible and talked about forms.
While there are no authentic figures about the black economy in India, according to the Professor of Economics, Jawaharlal University, Arun Kumar, who has written one of the most authentic books on the subject, ‘The black economy in India’, puts the figure at around 40 percent of the GDP.
Some Stats: According to the latest estimate of Central Statistical Organization (CSO), the size of the Indian economy is around Rs. 61, 64,000 crore. So the size of the black economy comes out to be around Rs. 25, 00,000 crore or around $500 billion.
Estimates by eminent economists reveal that India’s parallel economy has risen from a mere 3 percent of the GDP in the mid-50s to around 50 percent today. The dimensions of this growth of corruption and generation of black income in India are indeed mind-boggling. The black economy is now about 50 per cent of the GDP or roughly Rs 30 lakh crores annually. This data is enough to shock anyone.
The black economy is made up of two constituent activities:
• Legal activities that are not reported to the tax authorities and the income from which goes untaxed and unreported
• Illegal activities not reported to the state (and, therefore, not taxed).
All this ill-gotten wealth of ours has been stashed away abroad into secret bank accounts located in some of the world’s best known tax havens such as the Swiss banks.
Let us look at the details of bank deposits in the territory of Switzerland by the nationals of the following countries in 2006:

Top five

India—- $1456 billion
Russia—$ 470 billion
UK——-$390 billion
Ukraine- $100 billion
China—–$ 96 billion

India with $1456 billion or $1.4 trillion has more money in Swiss banks than rest of the world combined, an amount 13 times larger than the country’s foreign debt. If this huge amount of black money property comes back to India; the entire foreign debt can be repaid. After paying the entire foreign debt, we will have surplus amount almost 12 times larger than the foreign debt. If this surplus amount is invested in earning interest, the amount of interest will be more than the annual budget of the Central government.

Courtesy: Santabanta.com

THE GOVERNMENT’S APPROACH:
• Recently, due to international pressure, Swiss government agreed to disclose the names of the account holders only if the respective Governments formally asked for it. Indian Government has not asked for the details.
• The German Government once bought a disc containing the names of people holding illegal bank accounts in Liechtenstein in 2007. They offered to share the disc for free with all the governments whose nationals’ names were in the disc. The governments of the US, UK, France immediately took the data and started prosecution but the Indian Government refused to accept it for two years—perhaps to enable the corrupt to escape
• Many committees have been formed but with little or no result more than forty Controls like FERA, MRTP, small scale reservations and licensing have been diluted or eliminated. Direct Tax rates have been reduced drastically. Voluntary disclosure schemes have been tried repeatedly but there is little dent on the black economy.

THE NEED OF THE HOUR:
The above facts should be enough to awake every Indian. Now looking at all these, the question is: what is there that can be done as a solution? In such a scenario it is only public pressure on the Government from every corner of the county that can push the government to do something seriously. We need to start a movement to pressurize the govt. to do so!! This is perhaps the only way we can get back the money which can be better utilized for the welfare of our country.

REFERENCES:

http://hindustan.org/forum/showthread.php?p=6886

http://www.internationalreporter.com/News-202/india-and-8217-s-black-economy-indians-hold-1-trillion-in-foreign-banks-illegally-.html

http://www.mainstreamweekly.net/article2266.html

http://www.economywatch.com/market/market-types/black-market.html

http://economictimes.indiatimes.com/news/economy/finance/India-loses-Rs-10-lakh-crore-from-black-economy-every-year/articleshow/5710210.cms

KODAIKANAL: A TRIP OF A LIFETIME

The trip to Kodaikanal was indeed a moment to treasure for the rest of my lifetime. After all that hesitation and thought process of either going to Ooty Or Kodaikanal, it was good to see that finally 14 guys with adventurous mood nodded their heads in unity by saying- “LETS BASH IT UP IN KODAIKANAL”. The trip was all the more special because Diwali was round the corner (infact it was the next day of the trip). We were in no mood to compromise or rather trade our celebrations of the “Festival of Lights’ by staying back in the hostel for all the varied reasons which we couldn’t make it to our homes.

The day was 8th Nov 2010, and the trip started with us boarding the so called “MERCEDES BENZ TRAVELLER” which was booked by our own financial accountant for the tour, Mr Suhas. The journey to Kodaikanal was a non tiring one filled with jokes, humorous stories and comments and yes we did watch first part of the movie “Endhiran” (mind you, there were no subtitles and there were 13 blokes who had no clue about Tamil at all) leaving the remaining half to be seen on our return journey.
On our way to Kodaikanal, the 1st pit-stop was made in Dindigul, where we had our breakfast, which was followed by a quick photo session near the restuarant. Throughout the trip the photographic sessions seemed endless with everyone posing in every possible way that could be there in the dictionary of “Poses Of Photography”. On our way we did stop by some huge gigantic waterfalls and some awesome mind blowing natural scenary which refreshened our senses in every possible way that it could. (Particularly after the gruelling trimester exams we definitely needed a break).

One of the best part of the trip was the place where we stayed; and yes we did stay in a cottage sort of house where we were left all by ourselves,  where we could run around, sing, dance, shout all by ourselves and the most important thing that we could celebrate Diwali amongst the 14 chaps in our own very special way.

In the evening we went to few parks, crystal clear water lakes, saw some outstanding and beautiful botanical gardens and continued with our evergreen trend of taking snaps in every nook and corner of the place. The evening was made even more special when all of us went for a round of “Boating” in “The Kodaikanal lake”. It was late evening time and the lake seemed to have around   10 boats only with the majority of people in the lake being DoMSians (7 boats for 14 felows).

The night in the cottage was filled with fun and frolic  followed by a game of cards. It was late night and sleep did creep up to most of the guys’ eyes (however the night was still young for some of the guys). So we finally landed in our respective beds only to wake up the next day to be filled with joyous events and memories.

The  next we started off  early so that we could cover all the tourist spots within  the  given timeframe.  Everything seemed picture perfect for the day with the weather being at its sublime best: partly cloudy  with a hint of sunshine. We came across some majestic landscapes, amazing series of waterfalls  and mystic sights of mountains covered partly in clouds.

However the best part of the day or rather the adventurous part of the day was the visit to the “Bear Shola Falls”. The waterfall was stunning in its appearance with the milky water falling from great heights. A bunch of determined guys with a sense of adventurous mood decided to make it to the top of the waterfall. But as the proverb goes that fate doesn’t provide success to all; so not all the bunch of guys could make it to the top. The way to the top of the waterfall was a very harduos and tough route with steep cliff. The fact that the cliff was slippery didn’t help either. Finally a bunch of few brave souls with true adventure spirit comprising Jinson, Amit, Sachin and myself made it to the top of the waterfall: as for us, it seemed not just the top of the waferfall but the “Top Of The World”. We screamed at the top of our lungs and waved to our classmates who were at the bottom of the waterfall, happy to see DoMSians reach the top of the waterfall.

With this adventurous spirit we ended our trip to kodaikanal; a trip that will remain fresh in minds of ” 14  INDOMITABLE  DoMSians SPIRITS”.



The Brand “DoMS-NITT”

DoMS is among the oldest B schools in India. It was started way back in 1978 as M.E programme in Management which transformed itself into M.B.A in 1982. This is the only programme among the NITs, which is funded by the Ministry of H.R.D. Let me don the teachers’ role, change my tone, and share this with you that in the early 90’s the industry was in need of industrial managers more than managers with varied specialities because our country was dominated by mechanical industries. Also those were the times when the software bug had not bitten India and hence the stress for M.E programme during the stages of inception. So right now an inquisitive person or rather a pagalguy inside me is screaming aloud “Arey pagal come to the point I want to know more about DoMS” .. DoMS is “The most fun and merry churning” place I have found till date. The friends @ DoMS-NITT that God has showered upon me are one of my greatest assets. They are fantastic, lively, diverse, outstanding.. maybe my mental dictionary is short of words and I will have to search for some more adjectives. I am ecstatic to see such gems amongst us.

DoMS offers us unlimited scoops of ice creams in a single cone. The single cone is MBA @ DoMS-NITT. So what are the scoops? One of them is the kind of people we get to meet @DoMS. We have budding managers from north to south and east to west. We have people from engineering, commerce, arts and yes we do have an inhouse physiotherapist and pharmacists too oops!! they are our batch mates. But let me declare that while we are diverse in backgrounds, divided and separated by physical boundaries, our spirit is one. Another scoop is the kind of faculty @ DoMS. Another flavour to this ice cream is the lowest fees and hence one of the best ROI’s in India.

The first day and especially the first dinner party will be treasured in the abyss of my heart. May be i can call it the first event management opportunity that we received. Yes for some friends it was live event management. How is that you may ask.. talking to people in tamil which is greek to you and getting burgers, chicken, gobi manchs, and soft drinks was really the first live experience for some of us.(please control your appetite)

I am writing this post immediately after a fun packed session of FIRM games. I was really thrilled during some of the moments in the game. Well I will have to control my excitement as I will be having innumerable such moments, which I will be cherishing in my life. How can I mention about everything else and leave my beloved seniors. Our seniors are really awesome. They are down to earth and lend helping hand whenever and wherever possible. They have already passed the baton to us and let me assure our seniors, on behalf of the 2010-2012 batch, that we will rock DoMS-NITT and that we will definitely raise the bar which you have set and surge ahead.

So finally let me boil down to the purpose of this blog. This blog will be a chronicle for the activities, guest lectures, fun and obviously hot and interesting topics from the inhouse writers, editors, researchers and at large the business graduates @ DoMS-NITT.

Welcome to our blog. And Happy Reading.