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TELECOM – On the Cusp of Transformation: III Session with Mr. Solomon Mathews, Vice President-Sales, IDEA Kerala

What we experience now is the outcome of great dreams that our past generations had.”

The drastic development and innovation in the field of technology paved the way to a digitalized mode of living. This way of life was the main theme for the talk in the III session held in SCMS Cochin School of Business on January 13, 2017.

SCMS Cochin family was delighted to hear the insights from the speaker of the day, an accomplished young manager and the present Vice-President-Sales, IDEA Kerala, Mr. Solomon Mathews, on topics like smart phones, the digital way of life and the constant innovations that are happening in the field of technology.

There was an age when we used to go behind the big screens and TV screens, and now it is the time of transformation. We look for technologies that make our life comfortable and colorful. The immense possibilities in the digital world was brought before the audience of SCMS Cochin by Mr. Solomon Mathews- giving thrust to the digital way of life by the transformation of all sources of media to small screens.

Statistics shows that, as we move from 2014 to 2020, the penetration of smart phones will increase from 20% to 50%. It is predicted that, by 2020 the number of smart phone users will reach 520 million, 55% of the users will be from rural areas, it will gain 55% of total gaming market share and 60% share of web traffic.

The vision of Digitalizing India will be possible only by the device that lies in the palm of our arm. The telecom industry in India is capital intensive, and it is greater than GDPs of Malta, Madagascar and Maldives.

The following six forces will direct us to digital future.

 idea

The change is unpredictable, but the mindset to accept the change will make great transformations.”- Mr. Solomon Mathews

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Posted by on January 16, 2017 in Uncategorized

 

“Hiring the Right Talent is, Like Choosing a Right Friend, For Having a Long Term Relationship with Organization.” Mr. K. S. Jamestin, Former Director, ONGC.

SCMS Cochin witnessed the inauguration of “Chips & Nuts”, a forum of ‘Systems & Operations’. The inauguration of forum and launching of the website were done by Mr. K. S. Jamestin, Former Director of ONGC. Presently he is the Senior Advisor (HR & BD) to M/s KITCO, Vice-President of PMA- India Chapter, a fellow of AIMA, MC member-KMA. “Chips & Nuts” is a forum that provides students a platform to interact with prominent leaders from different professions related to System and Operations management, to share their experience and to impart their knowledge on business world out there.

Mr. K. S. Jamestin was so enthusiastic to deliver his valuable insights on organization, nature of organization and various challenges we will face, when we become the part of organization. He said, “Organization is more or less like an individual. An organization takes birth, the organization grows, the organization exists in society, the organization possesses the various patterns of behavior, the organization falls sick and at last the organization dies.”

The challenges, as future managers, we have to face will be numerous. The uncertainty about future is endemic to the organization. Foreseeing and equipping ourselves to deal with those uncertainties will make us successful in any situations of corporate life. The importance of measuring and monitoring our performances in an organization facilitate us to have a sustainable development, as a person in particular, and as a team in general.

Mr. Jamestin explained us, how he was at his best in HR management, even though he was from an electronics engineering background. The work environment in India is different from other developed countries. Boosting the motivation and morale of employees enhance the positive engagement of employees in a firm, thus creating in them a mentality to work beyond, to take an extra mile. Having a person for moral support is good, but the wisdom of whom to approach at the time of tribulations, gives better results.

And he concluded, “Fools learn from mistakes of self, whereas wise men learn from mistakes of others”

– A report by Bristo Thomas (PGDM Batch 25)

 
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Posted by on January 4, 2017 in Uncategorized

 

A Talk on “Latest Trends in Banking and Finance”- by Mr. Sampath Kumar, SBI

The faculty members and the students of SCMS family were privileged to have, Mr. Sampath Kumar, Deputy General Manager, State Bank of India, Commercial Branch Ernakulam, to speak on the topic “Latest Trends in Banking and Finance” as part of the last session of Industry Institute Interaction 2016.

The talk was a graceful experience. The speaker took the entire audience for a journey, a journey that started from the beginning of banking system, travelling through the evolutionary period of global banking as a whole and Indian banking sector in particular, and introduced the latest phenomena in this sector. He gave elaborate description on different types of commercial banks ranging from, Public Sector Banks, Old Private Sector Banks, New Private Sector Banks and Foreign Banks.

The insights given on the ‘Big Financial Crises’ that happened after 1970s, were highly beneficial. The details provided on Herstatt Bank Settlement Crisis in 1974, Financial Crisis in Nigeria, Brazil, Mexico etc in 1980s, Fall of BCCI in 1991, Barings Bank Failure in 1994, Lehman/Subprime Meltdown in 2008, Greek Debt Crises in 2011 and Wells Fargo Fraud in 2016, were helpful for the young minds to understand the great challenges in the global financial sector.

The information given on the types of Industrial Loans, Project Term Loans, Working Capital Cycle and Funding, helped us to realize few of the steps behind many financial activities that are happening in the industry. He advised the aspiring managers of SCMS Cochin, about the importance of advanced levels of reading, and the need of critical observations on current affairs.

Mr. Sampath Kumar concluded, “Economics will not work according to our wish, so be very conservative. Look every item critically, check for the history and the historical cost, to design the assumed future.”

– A report by Bristo Thomas (PGDM Batch 25)

 
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Posted by on January 4, 2017 in Uncategorized

 

Interaction with Mr. Chacko Cherian, CEO of RawData Technologies

“THE WORLD IS CHANGING VERY FAST. BIG WILL NOT BEAT THE SMALL ANYMORE. IT WILL BE THE FAST BEATING THE SLOW.”

Students and faculty members at SCMS Cochin School of Business were blessed with an opportunity to interact with Mr. Chacko Cherian, CEO of RawData Technologies, as part of the Institute Industry Interaction Session on Tuesday.

Little did we know about how India has been Modi-Fied until this young emerging entrepreneur shed some light into the same, for all the budding young minds of SCMS. He also showed us how the field of Business Intelligence could make advantage of this changing world. A lot of buzz words in today’s India such as Demonetisation, GST and Uberization became the essence of the entire half an hour discussion, wherein inputs from students and faculty were also taken. As an add-on, Mr. Chacko Cherian took us all on a virtual trip to Taiwan by elaborating on his business experience there. It was quite alarming to notice that Taiwan had a GDP that was exponentially higher than that of Kerala, though both had a comparable resources count. This is when he made us all realize that, the size of the country is not what that matters, but, how we make use of the resources at our disposal. He made it a cornerstone in all our minds that, the world is changing and the law by which the whole world is governed now is “SURVIVAL OF THE FITTEST”. There is always scope for improvements, but, realizing the same, at the right time is crucial. He left the audience with a piece of advice that motivated all of us to face the changing world: “DON’T WORRY ABOUT FAILURE. YOU ONLY HAVE TO BE RIGHT ONCE

LIFE AND BUSINESS IS LIKE THE CHANGING SEASONS. YOU CANNOT CHANGE THE SEASONS, BUT YOU CAN CHANGE YOURSELF. THEREIN LIES THE OPPORTUNITY TO LIVE AN EXTRAORDINARY LIFE, THE OPPORTUNITY TO CHANGE YOURSELF.

– A report by Pooja Sajee Nair (PGDM Batch 25)

 
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Posted by on December 28, 2016 in Uncategorized

 

Mr. Rajeevan V. (IRS) ,Chairman, Railway Recruitment Board in Campus

“THE SECRET OF CHANGE IS TO FOCUS ALL OF YOUR ENERGY, NOT ON FIGHTING THE OLD, BUT ON BUILDING THE NEW “

Students and faculty members at SCMS Cochin School of Business were blessed with an opportunity to interact with Mr. V Rajeevan, Chairman of RRB, as part of the Industry Interaction Initiative Session on Friday. He is a musician at heart and also the son of famous Malayalam poet, ONV Kurup.

In his maiden visit to our campus, with his long years of experience in the industry, he gave a canvas to the audience as to what the world out there expects out of the emerging management professionals. He inspired the students to change their attitudes towards everything in life and also encouraged them to enthusiastically participate in this race of life where in time doesn’t wait for us, in turn we have to mould ourselves to cope up with the same and come out successful in life.

As recruitment is his walk of life, he explained what the recruiters look for in the pool of prospective candidates. According to him, students should have a vision in life, they should come out of their comfort zones and should be open to absorb changes in day to day life, as this is paramount to success in life. He elucidated the same but putting forth a plethora of examples. He also advised the students to improve their communication skills and learn to manage time properly as at the end of the day, these matter the most to bring out the best in us.

He concluded, by urging the youth to bring about changes in themselves as they would hence be well equipped to face tougher challenges coming their way in the future.

“ON THE CANVAS OF LIFE, YOU ARE THE CREATIVE PAINTER OF YOUR SUCCESS. PAINT YOUR LIFE INTO A WONDERFUL MASTERPIECE OF EXCELLENCE”

– A report by Pooja Sajee Nair (PGDM B25)

 
 

Marketing Forum 2016-17 – Inauguration held in campus

A REPORT ON THE INAUGURATION
The Marketing Forum “Quintessence- The Marketing Grid” for the year 2016-17 was inaugurated by Dr. Darlie Koshy, DG & CEO, ATDC & IAM. The function was blessed by the esteemed presence of C. B. George, former GM of RBI, Dr. Ms. Filomina P. George, Director, SCMS School of Business and Prof. K. J. Paulose, Dean, SCMS School of Business. Second year PGDM student, Sudhi Kunhikannan familiarized the students about the aim of the forum. The forum is planning for various activities in this academic year like brand launch games, business quiz etc.

The inauguration was followed by a session with Dr. Darlie Koshy on “Marketing in Digital Age”. The students got the opportunity to know more about digitising and monetising. He cited various examples of everyday use as that of a backpack and its advancement in the business scenario. Dr. Koshy revealed how technology is getting disrupted. He also envisioned the coming of drones that would replace humans in certain fields like delivering of products.

Dr. Koshy interacted by asking the students to identify the eminent entrepreneurs of recent times. The students inquisitively answered him. Dr. Koshy proposed the key words for moving forward, that is, Inspiration, Innovation and Incubation. The students were wised up on E-retailing and digital convergence. He also familiarized the audience about the Zarafication of Fashion and how fashion is delivered like pizza at one’s doorstep.

Dr. Darlie Koshy concluded his session by inspiring the audience through his words, “If you conquer your fear or failure, you are halfway to become an entrepreneur”. C. B. George also addressed the gathering and enlightened the students. He expressed his thoughts regarding the session in the economic perspective. He urged the students to inculcate a positive attitude especially in the marketing field. The students got a great opportunity to learn more about marketing in digital age. The students are waiting for more such dynamic and valuable sessions.

 

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Guest speaker Mr. Jomon K.George in Campus

“If Accounting is the Language of Business, then Accounting Standards is the Grammar of Accounting”- A journey with Mr. Jomon K. George FCA to the deeper understanding of ACCOUNTING STANDARDS.

Being an expert in IPO advisory, Management Consultancy, NRI Services, FEMA and Corporate Law matters, with his eminent presence and benign words, Mr. Jomon K. George enlightened the aspiring managers of SCMS Cochin. The ācharya of more than 10,000 Chartered Accountant students, the ever-acceptable expertise in the field of Accounting, imparted his treasured knowledge on “Accounting Standards” with the vibrant young minds of SCMS.
In his maiden visit to our institute as part of empowerment program for the management students, he explained how the business world out there works, what the business world expects out of the emerging managers, and how we can grow up as full-fledged financial professionals. He gave a short introduction into financial reporting and explained elaborately on IFRS, accounting standards issued by ICAI, and Indian Accounting Standards.

The enthusiastic approach upheld by Mr. Jomon K. George towards the subject, was evident throughout the presentation. A period, beginning with the International Financial Reporting Standards of 1973, till the implementation of Indian Accounting Standards of 2016, was systematically made clear with appropriate examples. According to him, the necessity to have prescribed accounting standards is to enhance the quality and understanding of accounting, to reduce accounting alternatives, to bring out uniformity in approach and to enable meaningful comparison. From the complete set of financial statements and from years of experiences, we say, “Turnover is vanity, profit is sanity, and cash is the only reality”.

The International Financial Reporting Standards were formed in 1973 to harmonize the divergent accounting practices across the world, and in India the 29 Accounting Standards were issued by ICAI to establish uniform standards which have to be complied with to ensure that financial statements are prepared in accordance with generally accepted accounting standards. India cannot adopt IFRS as it is because the legal economic environment in India is different.

The message from the shared thoughts was clear, “Be like eagle; have an inner urge to fly above the rest, to stand out, and to be different; have a sharp vision, a vision that is seeing beyond”. India has got a lot of positives, for it is the most consuming nation, young generation with good communication skills, IT boom etc. The automated financial tools guarantee a bright future replacing human efforts and avoiding possible errors. The optimistic words flowed from his heart, “India has got provision for 100% FDI. Any foreigner can come and start business in India, with no requirement for Indian partnership in it, and not all nations give this privilege.” And with regard to the employability of the students coming out from Indian institutions, he said, India will script a sure shot success story.

Mr. Jomon K. George thus urged the youth, “DREAM BIG AND BE HUMAN, ONLY YOU CAN RESTRICT YOU”.

 

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