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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

 

Learning Teamwork the team-way

First year students of SCMS Cochin were recently given important lessons in teamwork through practical exposure in the form of a three days’ outbound training program. Held between 10th and 16th March on a campsite in Coimbatore, the program conducted by LEAP Training Academy involved several activities and tasks that helped students understand the importance of teamwork, which is crucial in their future managerial careers.

Students of Batch 24 were buzzing with energy to be a part of the program that started on a high note in the presence of experienced trainers from the academy. At the onset they were given an overview of what was to come over the course of three days. A campfire evening filled with fun activities followed created the perfect ambience for students to bond and pep themselves up for the tasks ahead.

High Ropes was the first task students were put through and not only did it help them overcome their fear of heights but instilled confidence in them to take on any kind of challenges that come their way. Students also thrived on the motivation they were offered by their team members and completed their tasks with gusto. The next activity held on the day focused on leaders’ roles in conveying their goals properly.

Some of the other important aspects of team work that were dealt with during the activitySCMS 3 included effective communication, decision making as a group, and ability to follow orders. Students also learnt how to make the most out of the resources at their disposal, which was an important lesson on its own.

Another challenge for the group came in the form of escape during fire through an electric fence. It was a thrilling activity that took forward the message of significance of decision making, team work and planning. Finally, as students had to use the resources effectively for their last activity they learned the importance of effectiveness of one person communicating and motivating team members.

Overall, the outbound training program created an engaging environment for students who went back with takeaways like importance of being a good listener, communicating goals effectively, micro-planning, leadership and above all, teamwork.

 
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Posted by on March 29, 2016 in News And Events, Uncategorized

 

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IFRS Industry Institute Interaction (III) session held at SCMS Cochin for PGDM students

SCMS Cochin School of Business organizes Industry Institute Interaction (III) sessions throughout the year to introduce students to new concepts and business practices that can increase their knowledge and employability.

On 10th of September 2014, the current PGDM batch attended the III session on International Financial Reporting Standards (IFRS). It is important for the PGDM students to understand the finer nuances of IFRS since they are now adopted globally. IFRS were first designed to harmonize accounting across the European Union, but the concept was soon adopted world over, making company accounts understandable and comparable across international boundaries.

Mr. Mahesh Mohan, External Quality Assessor, IAAP, UK, and Prof Dr. Gopal Sharma, National Trainer, IFRS, addressed the 23 students who were eager to learn the features and challenges of IFRS. The session began with the main speaker, Mr. Mohan, a member of the International Association of Accounting Professionals (IAAP), talking about the importance of IFRS as a Global business accounting language. He explained that IFRS are specifically crucial for multinational companies, and how their significance has increased with international shareholding and trade. He further surprised the audience with the fact that, “IFRS has been adopted and is practiced by 174 countries including India”.

IFRS are set by the IASB (International Accounting Standard Board) and have become global standards for preparing financial statements. The globally comparable financial statements enable public companies to compete abroad, raise capital, and win global contracts. Mr. Gopal Sharma spoke to the students next and discussed the importance of understanding and practicing the IFRS. He said, “IFRS needs to be understood and followed in letter and spirit when preparing financial statements since the balance sheets and accounting statements communicate the health, wealth and pulse of a business to its stakeholders”.

The floor was eventually thrown open for discussion and the students posed questions to and interacted with the experts to clear their doubts and queries. The session was concluded by Dr. Filomina P. George, Dean- Academic Administration, SCMS Cochin School of Business, who informed the students about the inclusion of IFRS in the PGDM curriculum.

-Sobia Joseph, PGDM, Batch 23

 
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Posted by on September 24, 2014 in Uncategorized

 

SCMS Cochin alumnus Shisir Jena launches Art Godaam and turns business into an art form

shisirFor Shisir Jena, an SCMS Cochin alumnus of the batch of 2008, the year 2013 started with a bang. On the 1st of January, he started his ambitious venture, Art Godaam. According to Shisir, it stemmed from his love for arts and craft, and the need to find a viable market place for talented artists all over the country. More over being born in a family full of artists and being trained in Pattachitra (traditional paintings of Orissa) from Guru Kalamani Rabindranath Sahoo, a well know Pattachitra artist of Odisha, Shisir could not say “no” to his heart calling. Clearly, here is a business venture that has its heart in the right place and it has taken great strides already in the short time since its inception.

Talking about the start-up, Shisir says, “I was always interested in arts and craft. My brother and I would keep collecting these items for our home and also keep designing and recreating things. I would come across many artists who would have fantastic creations, but didn’t have the right market place for them. Hence I decided to create a market place to help promote and develop art.” And that’s how Art Godaam, with its catchy name, was formed. “Our house literally looked like a godaam with everything we had collected, so we chose the name for our venture,” he explains with a chuckle.

SCMS 1

Although the life of an entrepreneur seems to have come naturally to Shisir, he claims that it was never on the agenda. After finishing his studies at SCMS Cochin, he bagged a campus placement with the reputed ICICI Prudential Life Insurance in Mumbai. But within a year, he realized that it wasn’t his true calling. Over time, Shisir moved back home to Bhubaneshwar, where he started a joint venture; wealth index financial services. Only now does he believe that he has finally found his goal with Art Godaam.

Talking about his journey as an entrepreneur, today Shisir says philosophically, “Things have to take their own course. I always believed in working at the grass-root level, and understanding the process associated with every aspect of the business before taking the plunge.”

The smart and rooted attitude seems to have worked for Shisir as he finds himself on stable ground with his company today. However, he is quick to point out that the platform for him was laid out at SCMS Cochin. “A professional course like the PGDM gives you all the strength you need to pursue your dreams. Once you are equipped with the knowledge and technology, you can execute your ideas to perfection,” he elaborates.

SCMS 2

Shisir then rattles off the major take-aways from his time at SCMS that have shaped him today: “Discipline, time management, the behavioural aspect of interacting with people, aiming and achieving, and the importance of hard work and persistence in order to excel.” Shisir’s entrepreneurial skills were honed and built around these qualities, and that has resulted in a venture like Art Godaam.

Talking about his brain-child, this CSAC State Award winner-entrepreneur come artist says, “We are working with various artists in Odisha to develop some amazing products. ‘Use of art in our daily life’ is our motto and we create products from home decor to lifestyle accessories. We aim to sell products in exhibitions and online, promoting amongst people the habit of using hand-made products.” Art Godaam also conducts workshops in schools, colleges and private halls to promote traditional art forms that are almost getting extinct today. “The idea is to help craftspeople find their identity through these workshops,” says Shisir.

While it’s easy to find professionals who settle down in their cushy jobs, it’s rare to find job makers like Shisir who make a difference to the lives of many. But the man himself plays it down by saying, “I am just a part of the cycle.” He also acknowledges the importance of ethical, community-oriented, leadership programmes at SCMS when he says, “They gave me the confidence to become an entrepreneur. The faculty, learning culture and different initiatives started by SCMS have all contributed to what I am doing today.” And what he is doing today is definitely noteworthy and should make his institute proud.

 
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Posted by on November 28, 2013 in Uncategorized