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“ Emerging Paradigms in Business”

“ Emerging Paradigms in Business”. Hardwar Management Association June 17, 2006. PART I. WE ARE FAINC CHANGES AT UNPRECENDENTED SPEED. Globalization and competition Less diversification and more focused business “ speed of market” - the over riding need

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“ Emerging Paradigms in Business”

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  1. “Emerging Paradigms in Business” Hardwar Management Association June 17, 2006 PART I KS/Research/2005

  2. WE ARE FAINC CHANGES AT UNPRECENDENTED SPEED Globalization and competition Less diversification and more focused business “ speed of market” - the over riding need Merger and acquisitions Technology innovation

  3. WE ARE FAINC CHANGES AT UNPRECENDENTED SPEED • Internet and e-business development. • Increasing expectations - customer and employees. • Ever increasing mobility of talent. …requires capability for business to respond to the unforeseen KS/Research/2005

  4. The CHANGE……... • Accelerating pace of change • Customer expectations • Technology • Competition • Time -speed to market • Government regulations • Employee demands Pressure for radical rethinking……… KS/Research/2005

  5. Changing expectations Better... Faster... Cheaper... Faster turnaround, processing & response time Higher Quality & Service Lower prices & cost That was then……” Pick any two” This is now…..”We want all & many more” KS/Research/2005

  6. CHALLENGES (The EDGE) • Leaders with Passion to WinMr B M Munjal, Mr N R Narsayanamurthy Mr Azim Premji, Mr K M Birla & Mr Ratan Tata • Creativity Deccan Airlines, Cavin Care & Kerala Tourism • Flexibility Bharti, Nirma • Efficiency DHL/Blue Dart Courier • Quality Sundaram Fastners,Bharat Forge,IIM’s/IIT’s • Execution holds the Key to success : AIMA-NMC KS/Research/2005

  7. CHALLENGES -Contd And above all.. • Managing In the Era of Uncertainty: • Feeling comfortable in new encounters. • Deal with multiple issues at the same time with different characteristics in a same frame of mind. • Confront new situations with an open mind. • Create a pool of experience - based upon lessons learned will be critical to manage these Challenges. KS/Research/2005

  8. As Global Manager Your Vision should Five years hence be: • Who will be your Competitors? • What Technology will apply your business? • What regulations will governs my business? • Who will be your Business Partner? • Who will be your principal Investors/Owners/stakeholders? KS/Research/2005

  9. ‘To succeed in today’s business, build an empowered organisation in which individuals have the knowledge, skills, desire and opportunity to personally succeed in a a way that leads to collective organizational success’ Stephen Covey KS/Research/2005

  10. PART II FINDINGS OF RESEARCH SURVEY on "INDUSTRY EXPECTATIONS FROM MBA's" HARDWAR MANAGEMENT ASSOCIATION June 17, 2006 KS/Research/2005

  11. 1. CLASSIFICATION OF RESPONDENTS Analysis: As it is clear from the above table and in sample survey of 86 respondents. 58% of the respondents are from service industry, 33% from commercial and 9% from the manufacturing industry KS/Research/2005

  12. 2. NEED OF M.B.A. GRADUATES Analysis: 93% respondent’s hires MBA graduates in their organisations & 7% of respondent were not interested in MBAs. KS/Research/2005

  13. 3. AREA OF SPECIALIZATION PREFERRED Analysis: According to the survey 62% respondent prefer students with Marketing specialization, 11% finance, 7% HRM, 2% others and 18% prefer students with more than one Area (Marketing or Finance or HRM) for their requirements KS/Research/2005

  14. 4. REASON FOR SELECTION Analysis: According to the survey 28% prefer practical orientation, 4% due to more demand, 51% MBA for sales generation, 17% prefer more than one selection criteria. KS/Research/2005

  15. 5. CAPABILITY OF MBAs PERFORMING IN DIFFERENT CULTURAL ENVIRONMENT Analysis: From the above table we observe that out of 86 respondents, 93% are agreed that MBAs employed by them are capable of performing in different cross culture environment and 7& respondents opposed it. KS/Research/2005

  16. 6. SATISFACTION RELATED TO THE KNOWLEDGE OF MBA GRADUATES Analysis: From the above table 77% of respondents are satisfied with subject related knowledge of hired MBA whereas 23% are not satisfied. KS/Research/2005

  17. 7. SATISFACTION WITH ADDITIONAL SKILL Analysis: According to the table 93% respondents are satisfied with additional skills like computer proficiency and qualitative ability of hired MBAs while 7% are not satisfied. KS/Research/2005

  18. 8. RATING BASED ON LANGUAGE AND COMMUNICATION SKILL Analysis: Out of 86 respondents 87% of respondents are in favour of that language competency and communication skill are essential for job while 11% said that it is preferable and 2% said that it is not required. KS/Research/2005

  19. 9. SATISFIED WITH COMMUNICATION SKILL Analysis: According to the table 60% respondents satisfied with communication skill of hired MBA whereas 32% are not satisfied and 8% did not responded on this issue. KS/Research/2005

  20. 10. RATING TO JOB RELATED ATTITUDE Analysis: According to the table 67% respondents rated that job related attitude of hired MBA is devoted and willing to work without any constraints whereas 25% said that MBA’s are devoted but work with constraints of time, place and 8% said that they have casual approach. KS/Research/2005

  21. 11. BEHAVIOUR OF HIRED MBA’S Analysis: According to table 49% or respondents said that the behavior of hired MBA was courteous whereas 40% said it was acceptable and 11% told that they were aggressive. KS/Research/2005

  22. 12. PARAMETERS OF VALUE AND ETHICS Analysis: From the above table 51% respondents said that hired MBAs are trustful, stable, reliable, 18% said honest, 21% said unstable, likely to switch frequently, 2% said least concern with ethics and 8% said on the basis of more than one parameters. KS/Research/2005

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