Monday, 23 April 2012

GMAT launches official website for Indian applicants


Graduate Management Admission Council, the owner and administrator of the GMAT exam, on Tuesday announced the launch of an India-specific version of the official GMAT website - www.mba.com/India.
“The website has been designed exclusively for Indian aspirants and exhibits a detailed classification of the top business schools in India, Indian b-schools accepting GMAT scores and placements offered by b-schools accepting GMAT scores globally,” said a GMAC press statement.
“We’ve seen dramatic growth in the number of Indian candidates interested in pursuing management education over the last several years,” said Ashish Bhardwaj, Regional Director for South Asia at GMAC. “With significant growth in acceptance of the GMAT at Indian business schools, these candidates have more choice. This new site will help them navigate the path to a quality graduate management degree with content designed specifically for this market.”
“Mba.com hosts information around funding options, the cost implications and the prospective return on investment. Additionally, the portal also runs a thread of video testimonials by select Indian students, narrating their journey and experiences from preparing for GMAT and making it to the business school of their choice,” added the GMAC press release.

More Companies Plan to Hire MBAs in 2012: GMAC Poll


Reston, Virginia — The results of the 2011 year-end poll of employers conducted by the Graduate Management Admission Council (GMAC) indicate an improved job market for MBAs in 2012. The poll shows that nearly three-quarters (74%) of employers plan to hire MBAs in 2012, up from 58% in 2011. Not only are more companies planning to hire, they are planning to do so at increased levels in 2012 compared to 2011. The result also reveals that nearly four times as many companies are planning to increase the number of MBAs they hire in 2012, compared to 2011 (from 6% in 2011 to 22% in 2012). Plus, 32% companies plan to increase salaries for MBA hires.
GMAC, a non-profit education organisation of  the world’s leading graduate business schools, has been conducting the year-end poll of employers since 2009. This poll, combined with the organisation’s annual Corporate Recruiters Survey, lend it a vantage point to help understand and explain the trends in workforce demand for MBA and business master’s graduates. 229 employers from 216 companies from across the world participated in the 2011 poll.
Based in Reston, Virginia, GMAC has regional offices in London, New Delhi and Hong Kong. The GMAT exam was created in 1954 and is used by more than 5,300 graduate management programs at approximately 2,000 business schools around the world to assess applicants.

Harvard Business School opens new amphitheatre classroom in Mumbai


Harvard Business School announced the launch of a new classroom in India inside the Taj Land’s End hotel complex in Mumbai. The new space is on the same lines as the classrooms in the school’s Boston campus and will provide students and participants an opportunity to have a true Harvard Business School case method learning experience, said a school press statement issued today.
Harvard offers executive education programs in India, apart from organising research conferences.
The new classroom has a seating capacity of over 82 students and will offer multimedia facilities that will augment the educational experience of the students. Using the new classroom, Harvard Business School faculty will offer programs and symposia to leaders in business, government and academia on a wide range of subjects such as Corporate Social Responsibility, Building a Global Enterprise, and Case Writing and Course Development.
“India is a key component of Harvard Business School’s global strategy,” said dean Nitin Nohria in the press statement. “Our aspiration is to expand our intellectual footprint by working with business, government and academic leaders from across the country, all the while contributing to important discussions about India’s long-term economic growth.”
Harvard Business School was founded in 1908 as a part of Harvard University and is located on a 40-acre campus in Boston.

A Truly Differentiated PGDM


Welcome to the Post Graduate Diploma in Management at DSIMS — a platform to take leadership roles in four emerging areas in the Industry:
  • Financial Markets,
  • Logistics and Supply Chain,
  • Marketing and Communication,
  • Organizational Psychology and Human Resource Management.
As an aspiring Management student you have a wide choice of colleges and courses. Choosing a college or course can be a challenge. Choosing the right course and college can make all the difference. The three parameters that make PGDM a winner are:

Global Mindset – PGDM from DSIMS offers you an exposure to global practices by a combination of international immersion and international faculty. Global practices need not necessarily be the best fit for India. We enable you to adopt and tailor global practices to succeed in the Indian socio –cultural and political business ecosystem.

Relevance – The PGDM course has been designed to serve the immediate needs of the business in India. Our curriculum is both contemporary and relevant. You will be able to integrate and be productive much quicker. For example, a  weeklong Rural Immersion will expose you to the real “Bottom of the Pyramid” markets and help sensitize you to the dynamics of doing business in rural India.

Employability – As a potential manager, you should have the necessary learning and skills to be of value to your company. The process of learning in DSIMS PGDM makes you a day one job ready manager, who can contribute positively to the firm.

The PGDM at DSIMS is a carefully structured course that aims to provide a clear and credible advantage to an aspiring manager. Over and above our class room interventions, we provide a wide array of activities including Industry immersion, Rural Immersion, International Immersion and our unique MIM (Manager in Making) that will mould you into a industry ready professional.

Wednesday, 29 February 2012

How to handle Case Studies ?

Hi Friends. Here I am giving you tips on ‘How to Handle Case Studies’ – if they come in GDs of a particular institute.
First of all, following are the various type of case studies, you may come across:
1. Finance based
2. Marketing based
3. HR based
4. Ethical Dilemma
5. Social issue
6. Legal issue

Most common of all, is the HR case. The reason for that is, that anyone can speak on HR issues without technical knowledge of HR function. And they want to give chance to everyone to speak, because without you guys speaking they won’t be able to judge you. This is the easiest of all and students are more comfortable to speak in this issue.

Now, irrespective of which type of case study has been given to you, following are the steps, I will suggest you should be following:
1. Identify the problem in the case.

If a case study has been given to you, there has to be a problem or concerns which you are suppose to tackle. You need to clearly identify this. Please note, it seems identifying problem is easy. Trust me it is at times not that easy.

Eg: ‘Excessive exposure of female anatomy should be banned in the advertisements’

Think for a minute, before reading further, that in this GD(not case study) topic what is the main concern.

Is it exposure?
Or is it excessive exposure?
Or is it females?
Or is it exposure of females?
Or is it excessive expose of females?
Or the advertisements are the issue?
Or females in advertisements are the issue?
Or is it exposure of females in the advertisements?
Or is it excessive exposure of females in the advertisements?

Trust me it’s neither of the above. When I took this GD topic, in my class a couple of weeks back, almost everyone in the class of 40 said something or other written above.

The problem/concern in the above topic is ‘Banned’ or ‘Banning’. Think over it.
2. Identify the cause of the problem.

Once you have identified the problem, your next step should be identifying the cause of the problem. Note that cause of the problem may or may not be explicitly mentioned in the case. If it is mentioned, nothing like it. If it is not, then you have to take assumptions.

In the above example, following can be the causes:
Exposure is spoiling the society.
Models are ill-respected.
Society heads are raising questions.
Laws does not allow.
Etc.
3. Work on solution.

There are two ways of doing it.
a) Work on the cause. If cause can be well taken care of, then the problem itself is taken care of. In this case develop strategies to address the cause. You should at least develop 2 strategies for this. Once primary and the other secondary.

b) Work on the problem. May be the cause is intrinsic. That means the cause and problem are interlinked, in the sense that solution to one thing gives rise to other. In this case, you will have to work on minimizing the effect of the problem or eliminate the problem working on something else but the cause. Again I will suggest develop at least 2 plans/strategies to work on it.
4. Implementation plan.

This means how are you going to implement the plan you have made. What will be the stages involved. What will be the order in which you will implement it? Etc.
5.Backup plan.

A manager has to be always ready with the backup plan. If the main plan back fires than the back plan has to be used. In a case study discussion you will only mention what is your back up plan. You need not talk of its implementation plan, reason being its implementation comes into picture only when the primary plan fails and that’s something we can’t say in discussion only.

That’s it.

All the best

List of General GD topics

First of all, following are the various types of Group Discussion, you may come across:

Social issue
General Topic
Current Topic
Economic Topics
Business Related Topic
Abstract Topic
Creative Topic
Political Topic

Here I am listing some of the General Topics

1 Should agricultural subsidies be stopped?
2 Is Paperless Office a Reality or Not?
3 How to Deal with International Terrorism?
4 Conditional Access System for Cable TV Watchers: Boon or Bane?
5 Higher education should be made possible only for those who can pay for it
6 Is Swapping Terrorists for Hostages an Encouragement to Plane-Hijackers?
7 Indian Army as a Career Option
8 Do NGOs in India Really Work for Others OR Work for their Own Vested Interests?
9 Is Swadeshi relevant for India today?
10 Brain-Drain has to be stopped
11 Women cannot successfully combine both career and home
12 Women are good managers
13 Borderless World: A Threat?
14 Privatization will lead to less corruption
15 Doctors’ Accountability to Improve Health-Care
16 State is the biggest violator of human rights
17 Religion And Politics Should Not Mix
18 Unrest in Countries around India
19 Rules & Regulation Breed Corruption
20 Illegal Bangladeshi Immigrants in India
21 Developing countries should spend more on development than on defense
22 Beauty Pageants are a Must,
23 How safe is Unmarried Fairer Sex?
24 Exit Options for the US from Iraq
25 Foreign trade is necessary for any country to survive
26 Advertising is a waste of resources
27 Technology: The Ism’ Of The New Millennium?
28 Are Peace and Non-Violence Outdated Concepts?
29 Should Animals be used for Testing New Drugs & Medical Procedures?
30 Should Guys Expect their Educated Wives to be Virgins?
31 Corruption is a Necessary Evil for Success in Any Sphere
32 What is the Difference between People who do Things Rightly and People who do Right Things?
33 Universal Disarmament is a Must
34 Should Sting Operations be Carried Out?
35 Executive should be allowed to form unions
36 Political parties have outlived their utility
37 Should Research on Human Cloning be banned?
38 Secularism has become a Tool to Justify the Wrongs done by the Minorities
39 Indians perform better as individuals rather than in groups
40 Borderless World: A Myth or Reality?
41 Security Cameras & Privacy
42 Money is required to earn more money
43 Are Live-in Relationships better than Marriage?
44 Presidential Vs Parliamentary form of government of India
45 Nuclear War cannot be won and should not be fought
46 Voting rights to illiterates in India is illogical because it is widely misused
47 There can never be a classless society
48 Beauty pageants are a marketing gimmick
49 Is India a Soft Nation?
50 Is Dependence on Computers a Good Thing?
51 Advertisements Cheat People, Hence Should Be Banned
52 Is India Aping the Western Obsession with Celebrities?
53 Capital Punishment should be Banned or Allowed?
54 Flexi Timings or Fixed Timings – Which is better at Work?
55 Business and ethics go hand in hand, or do they?
56 The weaker sex is the weakness of the stronger sex
57 Joint family is a blessing in disguise All states have equal rights on them
58 Individual Brilliance Certainly makes a Difference
59 Effect of liberalization on poverty
60 India at 60: A Senior Citizen?

10 mins guide to crack Group Discussion





A GD is a method to gauge whether the candidate has certain personality traits and/or skills that an institute desires its students possess. This way institutes judge if the candidate fits into its cultural setup, or if the candidate’s personality is going to add a different flavor to the existing culture.

Points that a GD brings out about candidates personality-

Ability to work in a team
Communication skills [including listening, speaking and expressing]
Reasoning ability
Leadership skills
Initiative
Assertiveness
Flexibility
Creativity
Ability to think on ones fee

How to approach a GD

Always use time given for before discussion starts judiciously and efficiently

Step 1: Read/ listen to the topic very carefully
Step 2: Identify the main ideas and themes about the topic
Step 3: Write your points on the sheet provided and try to structure them [5-6 points are enough]

Tip:- try to remember to link your examples to point from the readings and experiences you had relating them to the main topic



Roles people play during a GD

1. Initiatingt the GD started by introducing the topic to the groups and adding his points
2. Facilitating participation of all the groups members, If anyone or few dominate a group moderator tries to control that,
3. Keeping the content of discussion around the core issue
4. Giving and asking for information & reactions & critiques
5. Discussing and questioning each other’s interpretations of materials
6. Summarizing what the group has said and moving on giving new direction to the discussion
7. Final conclusion

Strategies you may adopt

Competing without a strategy will take you nowhere, unless you are planning to reach nowhere.

Depending upon the comfort level with the topic you must decide in the beginning which role will you be playing in a particular GD. Same strategy for all the GDs that you may be participating in may not be a good strategy as a person a different level of comfort with different topics. So choose a role carefully rather strategically. If you are comfortable playing multiple roles and very swiftly you can switch roles and use your strengths to your advantage.

Normally, opening a GD involves these very important things:

1. Define the topic of the GD if there is a need to define it for others (clarity)
2. Set boundaries/parameters that you may feel will help the GD to be discussed without ambiguity.
3. In case you have a story/ incident/ experience for the topic, then start with that.
4. Creative GD will be started with your interpretation and the supporting thought process for the interpretation.

No matter what role you choose, but you have to make sure you put your own points forward and do your job by adding some valuable points to the discussion.

Tip:- 1. As most of the candidates pounce on the opportunity to open the topic and lot of people speak simultaneously and no one is heard. Better strategy could be to choose roles from 2-6 so that it will be easier to pitch in you points.

2. It is always good to substantiate your point with some facts. Most Business Schools ensure that they pick up those students who have some data on the topic or related discussions wherein the students can compliment their point of view or the stand they might take. This approach gives an impression that candidate has a rational thought process and knows how to built arguments.

Dos and Don’ts
You must ensure that the group hears you. If the group hears you, so will the evaluator. That does not mean that you shout at the top of your voice and be noticed for the wrong reasons.
You have to be assertive. If you are not a very assertive person, you will have to simply learn to be assertive for those 15 minutes. Remember, assertiveness does not mean being bull-headed or being arrogant.
Participate in as many practice GDs as possible before you attend the actual GD. There is nothing like practice to help you overcome the fear of talking in a GD.
The quality of what you said is more valuable than the quantity.
Be as natural as possible. Do not try and be someone you are not. Be yourself.
A group discussion is your chance to be more vocal. The evaluator wants to hear you speak.
Take time to organize your thoughts. Think of what you are going to say.
Seek clarification if you have any doubts regarding the subject.
Don’t start speaking until you have clearly understood and analyzed the subject.
Work out various strategies to help you make an entry: initiate the discussion or agree with someone else’s point and then move onto express your views.
Opening the discussion is not the only way of gaining attention and recognition. If you do not give valuable insights during the discussion, all your efforts of initiating the discussion will be in vain.
Your body language says a lot about you – your gestures and mannerisms are more likely to reflect your attitude than what you say.
Language skills are important only to the effect as to how you get your points across clearly and fluently.
Be assertive not dominating; try to maintain a balanced tone in your discussion and analysis.
Don’t lose your cool if anyone says anything you object to. The key is to stay objective: Don’t take the discussion personally.
Always be polite: Try to avoid using extreme phrases like: `I strongly object’ or `I disagree’. Instead try phrases like: `I would like to share my views on…’ or `One difference between your point and mine…’ or “I beg to differ with you”
Brush up on your leadership skills; motivate the other members of the team to speak and listen to their views. Be receptive to others’ opinions and do not be abrasive or aggressive.
If you have a group of like-minded friends, you can have a mock group discussion where you can learn from each other through giving and receiving feedback.

Tip:- 1. Be yourself. Try not to react and get into a heated argument rather respond and give a very cogent argument

2. Read a lot and make yourself comfortable about the latest issues