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Monthly Archives: January 2017

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