Given the difficulty level and competition of these exams , you would need to think through why and how you would do it
Define : Definition of your goal is very important , what exactly you want to do in life , why would you like to get into an MBA after all its a place where they would not let you sleep more than 3-4 hours in a day , it will cost you fortune , you would continously staring at your laptop screen and reading numerous reports in record deadlines, there will be cutthroat competition among your pears , you will be almost cut from your family and social life.
Why would one want so many trouble ? and if you have already made your mind then you better have a definition ofyour goal, may be not as ambitious as becoming CEO of MNC in next 20 years but definitely as basic as what do you like to do in general.
1) Peopls People : Are you the one in team who knows most of the people around, communication is an opportunity for you , when you speak people just can not drift their focus , you can get along with every one. In addition to these points lots of clue can be taken from the job you have been doing , have you coordinated many events in college , are you involved in interacting with customer regularly from you team , do you handle communication with internal stakeholders , do you think and work with creativity
If these are some of the things describing you and your work then you must consider Marketing as your choice of specialisation for MBA.
2) The Money man : you have a dmat account from before any of your friends even understood what is dmat, you love to understand money matters , you have done your graduation in finance related subjects , your client is financial instituion and you enjoy understanding thier business processes. If these characterstics describe you to some extent then look for finance as an option of specialisation.
3) Always operational : If you have background of handling things at various levels in shop floors , graduation in mechanical , production , automotive engineering etc and you like to get involved in activities which run an organisation then operations management is the field for you
4) Tech lover : Now a days there are lots of option for doing MBA in systems management and information management , It makes sense for some one who has already spent signifant time in technology oriented
Develop : In all the B school assesments they try to find out candidates who have been groomed well in almost all the facets of thier personality , One may think then what are these people going to do , isn't it their job to provide you direction and develop your skills in multiple dimension of personality but please understand it is easy to start from a point up to where some work has already been done rather than starting from a blank page.
As part of develop phase you would have to develop your skills and personality with respect to the career field you are interested in ( As we talked about in Define stage) so start taking more interest in the areas of your work which are directly aligned with your career definitions. In addition to this work a little on personal aspect as well , good communication skill , positive thinking , good people skill , keeping a calm and composed head are some of the things which you should try to achieve for a successful career in any field.
Decide : After defining your career objective and doing some ground work to develop skills in those direction now is the time to decide which institutes you should choose . The institutes should have good reputation in your choice of area . It is time to do a thorough research both primary as well as secondary and find out which all institutes you would like to target , please keep your mind open and do look at some of the global (but feasible ) options .
After taking this decision you can start applying for admissions in respective colleges.
Demonstrate & Differentiate : Even though steps so far may not be easy but the toughest part is to crack the exam and selection process , this will need a structured approach . Once you are through with the written test , group discussion and interviews need to be taken care and this is where your ground work in step 1 and 2 will help . For beating your competition you will have to stand out in crowd, you should have differentaition points and deep knowledge in the education and work you have done so far.
It may sound difficult to differentiate oneself from thousands of other candidates who have done the same graduation ,worked in the same areas that of yours and even have same hobbies and passion that of yours . That is the reason you will have to focus in a narrow scope which can play as your strenth .
Thursday, December 17, 2009
Monday, December 14, 2009
Challenges of CMMi implementation
CMMi Challenges
What Vs How : CMMi prescribes the end result mentioning what need to be achieved but it does not talk about how to reach that goal which obviously makes it very much dependent on the philosophy and culture of organisation where itis been implemented . The hidden benefit here is that a company can work on a model and customize it specifically to organisational need hence spending resource and money which is just fit for its need rather than simply following some path which may have worked for another organization not similar in size and culture.
Restricted use of Measurement and Analtics : Where large organization may have TB of data available with them in almost all fields for small companies the focus is always too much on running and growing business then collecting data . It is very difficult to clearly define the metrices which business will need to monitor closely . Even if data is available at times it is not very clear how to make sense out of it
Availability of Process blueprints: Process documentation and a central repository of processes is key to management of any activity but in most of the cases process knowledge remains as a concept with various subject matter experts and not codified explicitly , this is common even in sufficiently big organizations. Even if the work of process documentation is initiated , most of the employees take it a liability in addition to thier work and it becomes a part time assignment.
Its not a panacea : Organizations may work under misconception that once CMMi model is implemented it is going to address all the quality related issues
which is not true because quality related issues have much broader scope to be solved by just one model like CMMi , It can certainly be a part of
organizational quality program but one can not rely on CMMi to fix all issues in quality.
What Vs How : CMMi prescribes the end result mentioning what need to be achieved but it does not talk about how to reach that goal which obviously makes it very much dependent on the philosophy and culture of organisation where itis been implemented . The hidden benefit here is that a company can work on a model and customize it specifically to organisational need hence spending resource and money which is just fit for its need rather than simply following some path which may have worked for another organization not similar in size and culture.
Restricted use of Measurement and Analtics : Where large organization may have TB of data available with them in almost all fields for small companies the focus is always too much on running and growing business then collecting data . It is very difficult to clearly define the metrices which business will need to monitor closely . Even if data is available at times it is not very clear how to make sense out of it
Availability of Process blueprints: Process documentation and a central repository of processes is key to management of any activity but in most of the cases process knowledge remains as a concept with various subject matter experts and not codified explicitly , this is common even in sufficiently big organizations. Even if the work of process documentation is initiated , most of the employees take it a liability in addition to thier work and it becomes a part time assignment.
Its not a panacea : Organizations may work under misconception that once CMMi model is implemented it is going to address all the quality related issues
which is not true because quality related issues have much broader scope to be solved by just one model like CMMi , It can certainly be a part of
organizational quality program but one can not rely on CMMi to fix all issues in quality.
Wednesday, December 9, 2009
Business of Businss Education
The factories of innovation ..some of the greatest B schools of India seems to be on path to new kind of innovation , developing the most expensive post graduation programs on the earth. ISB, SP Jain Institute of Management and research are leading the pack with introduction of new program which can cost you more than 2.5 Million INR to get an MBA degree ( well to be specific some of these may be only diplomas or certificates if not approved by AICTE) . At one side ISB is starting PGPMAX which will be more of a part time MBA course for executives and will be taught at Hyderabaad campus with some sessions in Kellogs and Wharton on the other side SP Jain has already launched a course in collaboration with Schulich university Canada which will be divided between Mumbai and Toranto campus.
There is no doubt that some of the included expenses are stay in foreign campuses , food etc but the point to ponder is whether these courses will be wble to provide you the relevant return on investment. If we include other living expenses for around 2 years , it will come across 3 Million INR, It is enough amount to secure a middle class common man's pension for lifetime so what is the kind of ROI one is looking from this kind of investment , well I do understand intellectual development and ability to apply structured methods for solving strategic , operational issues etc would be some of the great take away from this course but at the end it all boils down to what can you do with such skills i.e How much you can earn or what is the kind of job you are offered.
If we even consider some of the normal not so expensive courses , they have failed to provide a good ROI to more than 50% of the participants . All the media hype about million dollar salary in pink news paper is focused on some top 5- 10% of the class participants , rest go back with a decent increment in their salaries and mostly almost in the similar area of work ( as even in campus placements organizations give due weight to the background of candidate). even though top 20 institutes take fees in the range of 4 to 10 lacs , and the salary of students coming out of program varies between 4 to 11 lac with average being somewhere 6.5 to 7.
two of the Three generic strategies which even watchman of these B school knows is cost leadership and differentiation
Cost Leadership : Salary , roles depend on various factors from business condition to industry need so why can't B school implement a more innovative model which they have been teaching for long time , They can take a fixed component of fees which covers cost of course material , infrastructure etc and a variable component of the fees which depends on what kind of benefit is materialized to the student after course , to be specific let it be a percentage of annual pay package received by student , isn't something similar today's IT organizations doing by charging a variable component depending on how much money IT saved / earned for their clients .
I think We all have something to learn from TATA's here , a 2000$ car and a 20$ water purifier , that is what Indian market demands value for every penny spent , specially in education which is very crucial for indian middle class .
Differentiation : There are very few institutes in India which have created a differentiation , I would consider NITIE (SCM), ICFAI(FIN), FMS(Service), IRMA(Rural), IIFT (IB), XLRI, SCMHRD (HR) , MICA (MarCom) as some of the leaders , rest all are more of "Me too" kind . They should start differentiating in a way which adds value to students and also makes sure that it is filling a wide gap in the industry
There is no doubt that some of the included expenses are stay in foreign campuses , food etc but the point to ponder is whether these courses will be wble to provide you the relevant return on investment. If we include other living expenses for around 2 years , it will come across 3 Million INR, It is enough amount to secure a middle class common man's pension for lifetime so what is the kind of ROI one is looking from this kind of investment , well I do understand intellectual development and ability to apply structured methods for solving strategic , operational issues etc would be some of the great take away from this course but at the end it all boils down to what can you do with such skills i.e How much you can earn or what is the kind of job you are offered.
If we even consider some of the normal not so expensive courses , they have failed to provide a good ROI to more than 50% of the participants . All the media hype about million dollar salary in pink news paper is focused on some top 5- 10% of the class participants , rest go back with a decent increment in their salaries and mostly almost in the similar area of work ( as even in campus placements organizations give due weight to the background of candidate). even though top 20 institutes take fees in the range of 4 to 10 lacs , and the salary of students coming out of program varies between 4 to 11 lac with average being somewhere 6.5 to 7.
two of the Three generic strategies which even watchman of these B school knows is cost leadership and differentiation
Cost Leadership : Salary , roles depend on various factors from business condition to industry need so why can't B school implement a more innovative model which they have been teaching for long time , They can take a fixed component of fees which covers cost of course material , infrastructure etc and a variable component of the fees which depends on what kind of benefit is materialized to the student after course , to be specific let it be a percentage of annual pay package received by student , isn't something similar today's IT organizations doing by charging a variable component depending on how much money IT saved / earned for their clients .
I think We all have something to learn from TATA's here , a 2000$ car and a 20$ water purifier , that is what Indian market demands value for every penny spent , specially in education which is very crucial for indian middle class .
Differentiation : There are very few institutes in India which have created a differentiation , I would consider NITIE (SCM), ICFAI(FIN), FMS(Service), IRMA(Rural), IIFT (IB), XLRI, SCMHRD (HR) , MICA (MarCom) as some of the leaders , rest all are more of "Me too" kind . They should start differentiating in a way which adds value to students and also makes sure that it is filling a wide gap in the industry
Subscribe to:
Posts (Atom)