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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.

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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.

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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

 

Students of SCMS Group turn goodwill ambassadors for Kerala police

More than 500 schools to be addressed under ‘Parivathana 2013 – Friends of Police’ initiative

1013576_10151886360965100_107124851_n On 3rd of October 2013, SCMS Group launched its annual CSR initiative – Parivarthana. This month-long activity, conducted every year by students of SCMS Group of Institutions, is credited with sensitising school children about numerous social issues. Parivarthana 2013 is aimed at building a friendly image of the Kerala Police in the minds of young school-going children.

Parivarthana means transformation,” says, Prof. Dr. Radha Thevannoor, Director-MBA. “It enables change and upliftment for the welfare of our society. This year, the theme selected is ‘Friends of Police’. This is aimed at bringing an attitudinal change in society towards the Police. We want to spread the message among the future generations ‘Do not fear the law enforcers – respect them and be friendly towards them’.”

“There is a general perception that the police force contains bad elements as well as good. We agree. But one must understand that the police is also a part of the society it protects, and it cannot be completely impervious to that which ails society at large,” pointed out Mr. K. Padmakumar, IPS, IG – Central Zone, Kerala Police, at the meeting organised  at SCMS COCHIN School of Business, Kalamassery. He was speaking at the meeting held to kick-start ‘Parivarthana 2013 – Friends of Police’ on the 3rd of October 2013. “If people are clearer about the role and duties of the police, and how the police force functions, maintaining law and order will become a lot easier”, He said.

As per the traditions of Parivathana, the script of the programme was handed over to the core Parivarthana team members by the Chief Guest. This was followed by a performance of a street play, ‘The Fence and the Magical Lamp‘, by the core team. The audience was thereafter engaged through an open quiz, which made way for a group action song. The inaugural session of Parivarthana 2013 concluded with the administering of the Oath – “I am the custodian of my body, my mind and my soul. I shall promise to protect it, preserve it and to enhance it.” 

For administrative purposes, the entire task force of 285 student volunteers has been organised into 6 batches – 3 from the PGDM and 2 from MBA and one from MCA. Each batch has been further sub-divided into 3/4 groups of 13-15 students each. Starting 4th of October, 3 to 4 groups from a batch are being sent to two schools each every day, thus addressing 6-8 schools on a daily basis. Every group spends one hour each in the allocated schools.

The first school to be addressed by the students of SCMS-Cochin School of Business under the ‘Parivarthana 2013 – Friends of Police’ initiative was the SRV School, Ernakulam. In the last few years, Parivarthana has sensitised school children on subjects’ likes traffic rules, AIDS, and do’s and don’ts of Internet and mobile technologies. In 2012, Parivarthana reached out to more than 10,000 students. This year, the month-long social responsibility programme is spreading the message of the basic role and duties of the police force to the school students in and around Kochi.

 
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Posted by on October 22, 2013 in Uncategorized

 

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SCMS-Cochin School of Business to host Marketing Conclave on 6-7 Dec. 2013 ‘Building customer trust’ to be the focus

SCMS-Cochin School of Business has announced 6th and 7th December 2013 as the dates for the prestigious SCMS Marketing Colloquium. The annual marketing conclave of one of the top B-schools in southern India, it is an event keenly anticipated by researchers, students and industry experts, as it invites research papers on the most challenging themes of the times. This year, the SCMS Marketing Colloquium has been titled International Conference on Building Customer Trust (ICBCT 2013), and will invite productive reflections on the theme of Building Customer Trust.  The most outstanding paper will be awarded a cash prize, while the papers presented during the ICBCT 2013 will be published in a special edition of the SCMS Journal of Indian Management – a quarterly international research journal.

The last date for submission of the 250-word abstract has been announced as the 19th of October 2013. The abstract should briefly describe the scope, methodology and main conclusions of the study, and should be accompanied by a short biography with details of the author, as outlined on www.scmsgroup.org. The abstract may be mailed directly to icbct2013@scmsgroup.org.The date for abstract approval is the 24th of October, on the basis of which the shortlisted researchers will be required to submit their full papers by the 17thof November. The final list of participants who will be invited to present their papers at the ICBCT 2013 at SCMS-Cochin School of Business will be announced on the 24th of November 2013.

“Customer trust is critical in present times, as it helps businesses to develop relationships with customers and earn them long term advantage,” elaborates Prof. Prof. RTR Varma, reflecting on the thought behind selecting ‘building customer trust’ as the focus for this year’s SCMS Marketing Colloquium. “The conference will have sessions based on Game Changers, Co-creation/Co-optition, Customer Insights, Service Orientation, Communicating Values, Cross Cultural Dynamics, Customer Experience, Marketing of Services, CRM, Global Marketing, IT Applications in Marketing, Marketing Financial Services, Brand Management, and Marketing Communication.”

Over the years, the SCMS Marketing Colloquium is known to have brought forth some spectacular research work on the most topical issues ailing industry and business. As in the past, ICBCT 2013 is expected to host prominent practitioners from the corporate world, public sector and academia. The SCMS Marketing Colloquium provides students of the SCMS group, especially SCMS-Cochin School of Business, the opportunity to understand nuances of marketing, from people creating market policies and driving markets.   

 
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Posted by on October 15, 2013 in Uncategorized

 

Innovate or Perish – The new reality for Business Schools

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By: Dr. Filomina P. George, Dean – Academics, SCMS-Cochin School of Business

Socrates once famously said that a good teacher is one who burns his notes every year. Given the fast-paced global business scenario, we may soon have to burn our notes every day!

One recalls that the opening up of the Indian economy in the early nineties was closely followed by the launch of a number of management institutes across the country. MNCs were coming in by the dozens and there was an acute shortage of trained managers in the Indian ecosystem. A couple of decades down the line many of these management institutes have either shut down or are just about dragging along. However, a select few B-schools raised during the same time have not only thrived, but have broken into the top league, and have become dominant regional centres of excellence. I believe the difference between excellence and mediocrity in the management education spectrum largely boils down to one factor – ability to innovate.

It is true that SCMS-Cochin School of Business did have the advantage of a good lineage, since it came out of SCMS-Cochin, which was already teaching a variety of disciplines by the early ‘90s. But we knew this was not enough. In the Information-Technology era, there are far fewer constants in business, and business education will simply have to keep pace by adapting and innovating.  Good business schools today recognise Innovation as the key to future sustainability. At SCMS-COCHIN, we endeavour to be leaders in embracing innovation in teaching and training. We approach changes with a positive mind, welcome ideas from our stakeholders as well as the external environment, and – wherever possible – want to be the first movers in adopting changes in curriculum, pedagogy and technological advancement while upholding our core values.

B- Schools have no relevance if they do not update themselves and are not ahead of the times; there is nothing to manage that is already past. We need leaders to manage the present and the future. Therefore, if you continue living in the past you are IRRELEVANT as a B-School. There is no space for such B-Schools. However, one are that does not change with the times are the core values and principles that a B-School holds dear; a good B- School should not become myopic about its ethics in the rat race to become “modern”. 

At SCMS-Cochin School of Business, innovative ideas bounce mostly off the spring-board of interactions between faculty, students, parents, industry and academia. The most prominent area where SCMS-Cochin School of Business has demonstrated innovative strength, I feel, is in its programme design and delivery of courses which encourage an active learning experience, engaging both the students and faculty. I would like to mention one innovation in particular – the IMLP or Integrated Managerial Learning Programme. The IMLP has complemented the academic sessions in classrooms, and is more-or-less a student-driven programme, where students judge, help and push each other to nurture soft skills and knowledge. It’s a regular co-curricular activity now. The beauty of the IMLP is that every student and faculty member of SCMS-Cochin School of Business believes it is his/her baby, so strong is the sense of association.

Innovations like the Finance Forum, FDPs/ MDPs and Outbound Training have taken root within the SCMS-Cochin School of Business ecosystem, while Social Immersion for students is an innovation in-sync with our core values. Under this, students are engaged in socially relevant activities, working in teams as ambassadors who propagate social and civic sense. Budding managers of SCMS-Cochin School of Business reach out to the younger school-going generation through ‘Parivarthana’, thus participating in nation building.

SCMS-Cochin School of Business was recently lauded for its association with coconut growers of Kerala. Under the aegis of CDB (Coconut Development Board, Kerala), we conducted a week-long capsule for coconut growers – especially for their grassroots leadership – giving them basic management education and sharing knowledge through case studies. The objective was simple – if countries like Sri Lanka can thrive on coconut by-products, Kerala should not miss out. This small capsule has paved the way for Reach Out. Under Reach Out,we will be lending a hand to those whohave a well-defined business idea, or have launched a start-up, but have missed out on a formal business education. SCMS-Cochin School of Business will be mentoring and hand-holding these ventures to enable the transition from start-up to entrepreneur level; or to scale up from micro, to small, to medium enterprise level.Reach Out will involve dynamicstudent engagement and interventionby SCMS-Cochin School of Business. To begin with, we will be focussing on women entrepreneurs.

Finally, a word of caution. While any innovation may be able to reap some quick returns, the ones designed with a myopic, short-term view will not stand the test of time; only integrity-oriented innovations can produce sustainable value.

 
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Posted by on October 11, 2013 in Uncategorized