I.T.S School of Management, Ghaziabad organized a workshop on “Business simulation BankStrat” on 19th September , 2022 for PGDM 2021-23 Batch. The resource person for the workshop was Mr. Debashish J Das, Co-founder, Humanlinks Learning.

PGDM Chairperson Dr. Anusha Agarwal  welcomed Mr. Debashish J Das with a plant sapling and highlighted the importance of Simulation exercise for Strategic Management.  This encapsulates the essence of Business Simulation. It is an immersive learning experience that allow the students to learning by doing.

The objective of Business Simulation is to enable the students to align business objectives with strategy. It help them improve their business acumen and business finance skills.

Workshop was about Bank Simulation. For every simulation there is an influence diagram which states that what variables impacts business decision. In the game 3 rounds were provided to students to design a bank strategy where they need to take decision as a part of senior management team to identify the key indicators and at the same time allocate the resources so that it should not exceed the given budget just like the normal business scenario where we have to achieve target.

Session was fruitful, knowledgeable and fun at the same time. During the session students raised many queries regarding the game which was handled effectively by the resource person. The session was coordinated by Prof. Kumar Biswas.

The workshop was conducted by Dr. Vivek Pachauri and Prof. Yachna Malhotra. The program started with the opening remarks by Prof. Yachna Malhotra in which she sensitized students on the need of value education and helped the students to understand the gaps in the current system of education in the society. Initially to get connected with the participants, a video was demonstrated so as to make students active listeners and generate their curiosity and explore various thoughts for the session.

Dr. Vivek Pachauri introduced the process of Self Exploration with the help of an activity and focused that how it can help in having the right understanding of one’s desires and goals in life. He also explained about the Holistic Development and Role of Education in Life and its application in solving the problems of life. The primary goal of the session was to give the exposure and understanding of how values give worthiness and respect to life.

At the end of session a real life video example was demonstrated to the students so as to make them understand that how a person who is not having the right understanding about self and is ignorant about the value system underperform at the individual level, at the level of family and finally fails at the society level. The session was a mix of both the slide show coupled with some interesting activities, to enrich the participants with need of value education and their holistic development. The Participants were over whelmed and enthusiastic with the outcomes of self-exploration exercise.

The objective of this SDP was to improve the day-to-day efficiency of Staff personnel by making them learn the various aspects of Interpersonal Communication, team dynamics and time management.

Dr. Shikha Arora and Prof. Yachna Malhotra speakers of the session conducted various innovative activities to train the staff on Interpersonal Effectiveness at Workplace.

The learning environment was highly interactive and resulted in deep routed team cohesiveness among the participants. Initially to get connected with the participants, an ice breaking session was conducted to get affiliated by introducing each other with sharing their feelings and disclosure of strengths and weaknesses so as to understand the different notions attached with Inter-personal communication.

The training was a mix of both the presentations coupled with some interesting activities to sensitize the staff members for giving effective and quality service in general and making their interactions with students more polite, clear and result oriented.

Different activities on Effective Listening, Team Building and Time Management, were conducted among the participants to make them understand and demonstrate the importance of managing time in both their personal and professional life and how effective listening can enhance our productivity while working in teams.

A total of 20 staff members participated enthusiastically and enjoyed the session. Participants were over whelmed with the outputs and experiences they had during the session.

The session turned out to be very interesting and enjoyable for the participants.

The eminent resource persons for FDP Prof. (Dr.) Prabhat Mittal, Professor – Commerce and Management, Saraswati College (E), University of Delhi and Prof. (Dr.) Pankaj Kumar Gupta, Director, Centre of Management Studies, Jamia Milia Islamia, New Delhi graced the inaugural session.

Shri  Surinder  Sood, Director (PR), I.T.S - The Education Group, highlighted  on the pitfalls of qualitative research. He explained that research in social sciences involves the consideration of a multitude of factors and elaborated on the evolution of technology in Data Sciences. 

The session began with the welcome address by the Director Prof. (Dr) Timira Shukla, who emphasized on the significance of data analysis for interdisciplinary research. Dr Anusha  Agarwal, Convener, provided an overview of the programme along with the deliverables.

Over the five days sessions were held delving into different elements of the FDP, which included scaling and sampling techniques; univariate and bivariate analysis; parametric and non-parametric tests; tests of hypotheses; ANOVA and MANOVA; correlation and regression; multiple and logistical regression analysis; and structural equation modeling.

On the final day group presentations were made by all the participants. Following this the valedictory session was held in the presence of Director Prof. (Dr) Timira Shukla, Convener Dr. Anusha Agarwal and resource person Prof. (Dr.) Prabhat Mittal.

The Director in her address in the valedictory session urged all the participants to upskill and write research papers. She lauded Dr. Prabhat for the training in each aspect of research methods and techniques and tools data analysis.  The individual attention to each and every participant for learning and practice   sessions deserves special mention. 

Dr. Prabhat Mittal quipped that it was not a valedictory session, but rather the inauguration of a new resolve towards research. Thanking the Director, he stated that there were many takeaways from the programme, and expressed appreciation for the patient learning from the side of the participants. He also went on to provide tips for successful publication of papers in leading journals.

The 5 – days FDP ended with distribution of certificate.

Dr. Mayank Sharma, Assistant Professor – Marketing was the resource person for the workshop which was attended by BBA Final year students of I.T.S UG campus and faculty members. The main objective of this workshop was to enable students to understand the massive shifts from old marketing to present world we live in today, to abreast them with changing roles and requirements in the field of marketing, discuss and provide insights on new career opportunities in marketing 4.0 and 5.0 and to deliberate upon new age skill sets and competencies required to deliver in the field of marketing, which has ramped up rapidly over years.

The session began with Dr. Mayank discussing about the paradigm shifts that have taken place in the field of marketing, changing customer tastes, habits, preferences, increased expectations, last mile service delivery need, and overall solution. He briefed students about the emerging job titles, their complete job roles, their median salaries, growth rate and an outlook for next 10 years in the industry. Next part of the session was dedicated to brief the competencies required to perform these job roles. To make it learn better, certain student engaging exercises were done, which were thoroughly enjoyed and appreciated by the students.

It was a highly interactive session as students asked their queries related to multiple concepts and contents covered during the workshop. Dr. Mayank Sharma answered the queries of the students, one by one and quenched their academic thirst. In concluding remarks, Dr. Mayank Sharma extended thanks to all the participating students and faculty members.

The workshop was initiated under the presence of Dr. Neeraj Sanghi, Professor (Finance) and resource person of the workshop and faculty members of I.T.S UC Campus. The main objective of this workshop was to create awareness of stock market investing to the participants of the workshop. This workshop provided a clear understanding of the need and importance of investment in the stock market. Different investment strategies with different classes of shares have been discussed with the participants. This workshop also focused on usage of online resources and information to create appropriate investment strategies at appropriate times. Dr. Sanghi emphasised on long term investing in the stock market. He discussed the importance and investment strategies related to growth stocks, high dividend yield stocks, value buying, cyclical stocks, high and low beta stocks.

It was an interactive session as participants asked their queries related to the contents covered during the workshop. The resource persons answered the queries of the participants. In concluding remarks, Dr. Neeraj Sanghi extended thanks to all the participants.

Financial Model is a representation of a company's operations in the past, present, and the forecasted future. Students should be aware of how these models are intended to be used as decision-making tools in a company. Company executives might use them to estimate the costs and project the profits of a proposed new project.

The PPP Financial Model was been prepared by the students in Excel by taking into consideration the past, present, and forecasted data. The model was divided into three categories Input, Output, and Management Summary. In the end, the students were able to take the decision whether they can invest in this project or not.

The students participated with great enthusiasm and zeal. During the debriefing session, students have been explained the importance and relevance of the financial model in the real life. The session was highly interactive with a high degree of student engagement.

Management Games (or Business Games, Business Simulators) refers to the training method for managers. This form of training is based on an artificial environment that simulates the real situation in the management of the organization, whether it’s planning, decision making, control, communications or management itself. Business games allow monitoring of the consequences of decisions, and respond naturally to various situations.

The Management Games conducted today for the students was “Survival on the Moon”. The game was conducted with objective to demonstrate; Leadership, Individual & Group Decision Making process, Communication process, Managing Conflict and Team Work skills.

The students participated with great enthusiasm and zeal. During debriefing session, students were explained the above behavioral concepts in the light of the game played. The session was highly interactive with high degree of student’s engagement.