Day 1: Alumni Week: 1st – 6th March, 2021
It was a pleasure to welcome Mr. Sudeep Jain, an Alumnus of the first batch PGDM (1996-98) of I.T.S Ghaziabad
for a virtual session on “Towards Excellence: A Journey with I.T.S Achievers” with management students in Alumni Week celebration on 1st March, 2021. At present Mr. Jain is the CEO of Strawberry Infotech Pvt. Ltd.
During his interaction, Mr. Jain shared his motivational journey from Campus to corporate to becoming an entrepreneur.
He discussed that how in short span of time Strawberry Infotech, an IT organization, became a key player offering services in the field of Application Development / Management, ERPs and Analytics, with a team of 300+ consultants, catering to few of the reputed global brands.
He emphasized upon continuous learning and skill improvement as key to success in professional life. While answering the questions of students he mentioned many good memories of his time related to his classmates and institute.
Prof. Durba Roy highlighted the importance of such interactions and presented virtual plaque of honour to Mr. Sudeep Jain.
#itspgcampus #bestpgcollege #bestpgdmcollege #bestbschool #PGDMatITS #alumniweek #itsfightscovid #staysafe, , ,
'Genesis' Business Plan Competition
Department of Management I.T.S Mohan Nagar, Ghaziabad organised Genesis 2021 - the Business Plan Competition under the auspices of Ministry of Education and IIC ITS on Friday, 26th February, 2021. The programme consisted of an Inaugural Session followed by business plan presentations by the participants from various institutions.
The inaugural session started at 10:00 AM. The Chief Guest for the occasion was Dr Buddha Chandrashekhar, CCO AICTE, Ministry of Education and Head, NEAT. The Guest of Honour was Mr. Amitava Pal, Author and Associate Dean IISM, Mentor AIM IIT Mumbai.
The program commenced with an enriching address by Respected Shri Arpit Chadha, Vice Chairman, I.T.S - The Education Group and a warm welcome address by Respected Prof. (Dr.) Vidya Sekhri (Director Management I.T.S). Dr. Vidya Sekhri motivated the participants that winning or losing does not really matter; what matters is the spirit of participation. She emphasised that this competition aims at enhancing entrepreneurial and leadership skills. She also added that through this platform students will get an opportunity to get mentorship and guidance for their business plans along with the much needed real world experience.
The first speaker of the Inaugural session was the Chief Guest Dr. Buddha Chandrashekhar focused on the importance of the business plan and pointed out the five aspects which should be kept in mind while preparing the business plan, viz., - People, Process, Technology, Funding and Management. He also mentioned that we need to be focused and to stick to the vision. He also cautioned that one should not be afraid of failure because good opportunities are there and we need more job generators.
The second speaker was the Guest of Honour Mr. Amitava Pal who added one more, i.e., the fact that an entrepreneur should be a good human being and should not take any shortcuts. It is necessary to innovate for a unique product which can fill the gap between the expectation and the actual presentation.
At the end of the session a virtual plaque was presented to both the esteemed guests by Director Management as a token of gratitude for their valuable inputs and ideas. Overall the inaugural session was very encouraging; students participated with zeal and a number of queries were raised at the end.
Track I followed the Inaugural Session, This session featured five teams with ideas based on themes as diverse as agriculture, the Internet of Things, cloud computing, and beekeeping.
The moderator of the session was Prof Shikha Arora while the jury members being Dr. Rajiv Ratan Shah and Dr. Sanjeev Tandon.
The first team consisting of Swetha Reddy, Vishal Raj, Mucherla Sahith dealt with the topic Green IoT for Smart Agriculture in New India. Their target market consists of farmers who are in need of organic manure and consumers who require organic food. The team proposed a unique methodology designed to meet the socio-economic challenges facing farmers across the country.
Next up was Team Spark featuring Shubham Singhal, Himangshu Rai and Megha with their venture Sole Mates. This startup is a shoe company. The product line includes formal shoes, casual shoes and sports shoes. The target segment consists of students and professional people. The highlight of the startup was digital shoes with features for detecting speed, measuring distance, counting calories, measuring body weight, a pulse rate sensor and evaluating posture.
The third team was The Business Geeks involving Koushiki Basu & Tushar Sharma. Their company was Cascade Stores. The business idea revolved around office supplies. The product line included office basics, furniture and seating, paper supplies and technology & machines. Their B2B goal is to tie up with Pepperfry, Amazon etc and in future they would also like to build their international presence as well. On the other hand their B2C goal is to provide customised products demanded by clients.
Then came BeeCastle made up of Nikhil Manoj Rodge & Hemant Rajendra Borole. Their concept was based on honey, where they intend to sell different types of flavoured organic honey like ajwain flavor honey, jamun flavor honey, multifloweral hirda gela honey, forest honey, litchi honey and sunflower honey. Their target is people above the age of 12 months. They would like to focus on health, purity and reasonable price. The marketing strategy includes websites, social media marketing, and brochures, marketing at different exhibitions, YouTube, mobile application and blogs. In order to create the value proposition they are resorting to educational campaigns, social media and providing pure honey.
The final team in this session was the uniquely named Doctor With a Stranger having Shubham Ghosh, Saloni Gupta and Shubham Rathore with Apricot Inc. Their services included IaaS, PaaS, and SaaS. The strength is cost effectiveness, high profitability and revenue, resilience and disaster recovery. Weakness increased dependency and high speed internet connection. Opportunities include quick solutions of the problem, offering modern information solutions according to the latest technology. Threats include security concerns, lack of specific standard regulations.
After the completion of the group performance, the moderator called upon the jury for feedback and suggestions.
Finally Dr.Rajeev Johri was invited for the vote of thanks and presenting of plaques the visiting Dr. Rajiv Rattan Shah.
Track 2 included Service Industry Presentations.
Mr. Rajat Bharadwaj & Mr K.K. De were the jury members for the session. Competing teams included those from institutions like NMIMS University, Mumbai etc.
The first team to present their business plan was from NMIMS University, Mumbai. The Concept Crew presented on the concept of “IoT Based Smart Parking System” which helps the car owner to pre book a parking slot at their destination so as to avoid hastles and to reduce traffic congestion. The jury members appreciated their idea and suggested measures like providing a live camera feed for its premium customers who own expensive cars and also to make the system “Use and Pay Basis” without charging any subscription fee.
The second team was Team Mavericks from CVR College of Engineering, with their business plan “IoT Based Smart Saline Bottle System” used to monitor and regulate the flow of saline. They presented their estimated cost for a single product and the total requirement of funds for setting up the plant. They informed the Jury that they have even projected their idea to MSME, Government of India.
The third team was Team Sunshine who presented on the idea of “Wardrobe Secrets”, an application for personalised outfits based on body type, skin tone etc. which suggests all available outfits on various e-commerce websites. The service would be available in two modes, viz., - commission model and advertisement model.
The next team was Team De-Constructors from NICMAR Pune. Their business De-Con was aimed at creating an end to end network of resources that help in turning waste materials into reusable sustainable material. It is an online platform providing single point solution for all deconstruction services like selective deconstruction and dismantling. They expect that it will help to have safer and much cleaner options resulting in minimum debris and demolition. Jury members appreciated the unique idea of De-Con and they suggested that they can sell the remaining product to builders who are working on new projects and also act as a mediator between two builders or contractors.
The last team was”Thought Process Events” from ITS Mohan Nagar. Thought Process Events is a talent management company which provides a stage to new talents for showcasing their talent and following their passion like open mics. Their target audience is made up of artists like budding poets, singers, and comedians.
Towards the end of the session, Dr. Indraneel Mandal appreciated the excellent work being done by all the teams. Director Management, Prof. (Dr.) Vidya Sekhri shared her concluding remarks and appreciated the innovative ideas by all the teams and thanked all the jury members for their valuable guidance to budding entrepreneurs. She presented a virtual plaque to the Mr Bharadwaj as a token of gratitude and remembrance.
Following the declaration of results, Dr. Puneet Kumar gave a vote of thanks.
As the day drew to a close the assembled audience marvelled at the breadth and diversity of ideas from the would be entrepreneurs. The takeaway for the students was that any idea could be workable through a judicious thought process and the right business plan., , ,
PGDM III Trimester students attended CII webinar
I.T.S School of Management, Mohan Nagar, Ghaziabad, Students of PGDM III Trimester (2020-22) Batch attended CII webinar on “NATIONAL PENSION SYSTEM (NPS) FOR CORPORATES AND IMPORTANCE OF RETIREMENT PLANNING – ROLE OF NPS” on 23rd February ‘2021.
Programme was commenced by Mr. Harbhajan Singh, Chairman of CII, Gurugram zone. He is also Chairman, Ease of Doing Business, CII Haryana, & Chairman CSR & Affirmative Action, CII Northern Region. He gave a brief introduction of all the speakers and mentioned the importance of investing tools and how not investing in right tools means losing on lucrative opportunities and he also mentioned how NPS is considered one of the best investment tool for retirement planning in India. 3 options to invest in NPS are: Equity, Corporate Debt and Government Debt and NPS subscribers enjoy full tax exemptions upto limit of 1.5 lakh under section 80C.
Mr. Supratim Bandyopadhyay is Chairperson, Pension Fund Regulatory and Development Authority(PFRDA). His area of expertise includes Finance and Investment. He mentioned that how in India we are still not ready for retirement, how pension rates are coming down and how corporate has a very large role to play in making their employees ready for retirement and how NPS ensures regular income post working life which is not ensured by many other schemes which one generally takes as retirement solutions. NPS is cost effective as well as safe way of creating income.
Ms. Preeti Chandra Shekhar is currently working as the India Benefit Leaders at Mercer, she discussed the 3 key dimensions: We will live longer (can we afford it?), Distressing financial distress (At the workplace), what works for investing in (and for future of employees), she also mentioned that in India people have very low trust in pension systems. Low rate, low growth, less stable employment careers are few reasons. She also discussed what happens during career and what happens after retirement.
Mr. Sanil Nair, working as senior consultant at Mercer Wealth Practice, he described the problems of employees ; retirement benefit among young workforce is low , they value cash in hand rather than saving in pension, employees are not ready to take risk are few of them. He also mentioned the challenges for the employer like global leadership, dependency on third party, operational support etc. Challenges for employee include balancing spending and saving, understanding how much saving is enough. Critical success factors for NPS were also mentioned by him that are: Better employee communication, Ease of opening NPS account and NPS implementation, On- going continuous engagement, Lead by example.
Mr. Mono Phukan is presently working as General Manager with PFRDA, he discussed about features of National Pension Scheme few of them are: Flexible choices, Low cost, Attractive Runs, Tax Efficient, Transparent & online access etc. He also mentioned about the various types of account under tier 1 and tier 2.
Ms. Bahroze Kamdin is currently the partner at Deloitte Haskins and sells LLP, she discussed about the tax incentives on investment in NPS and changes by the Finance Act 2020 and what are the tax benefits of investing in NPS like deduction for Individual contribution made to the fund in PY, contribution made by employer to the fund in PY, Annual Accretion to the NPS account and at last she explained what is Finance Act 2020.
At last the session was ended by Mr. Harbhajan Singh after putting his concluding remark and thanking all the speakers.
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Virtual Business Summit 2021
Department of Management at I.T.S Ghaziabad organized a Virtual Business Summit on the focal theme of “Enterprising Skills & Growth Strategies in the Post Pandemic Period” on 20 February, 2021.
The program commenced with the enriching address by Shri Arpit Chadha, Vice Chairman, I.T.S - The Education Group and welcome address by Prof. (Dr.) Vidya Sekhri, Director- Management. The overview of the summit was delivered by Convener, Dr. Anusha Agarwal. The inaugural session was graced by the presence of Mr. Ashish Patel, Managing Director- Morgan Franklin (U.S), as the Guest of Honor; Mr. Rajendra Shrivastav, President, AES India, Chairman & MD of JV, as distinguished Guest of the day and Mr. Phoram Mehta, Senior Director, APAC CISO PayPal, President ISACA, (Singapore) as the chief Guest of the ceremony.
Followed by the Inaugural Ceremony, the summit highlighted very prominent points via Panel Discussion- 1with the subtheme – New Frontiers of Environment, Sustainability & Governance deliberated by eminent speakers from Industry. Mr. S.K. Sethi, Founder &CEO, Insurance Foundation of India discussed how environment is changing rapidly and how each one of us should contribute towards it. He talked about three pillars, primarily, Government, Industry and Society whose combined contribution play a major role towards environment sustainability.
Next speaker of the session, Mr. Saurabh Jain, Vice President PAYTM discussed about how the environment changed during lockdown. He emphasized that “future belongs to entrepreneurs” and quoted the example of Elon Musk, how his idea Tesla and SpaceX contributed towards sustainability and made him a success.
Mr Sahil Nayar , Senior Associate Director, KPMG (Mumbai) talked about how Covid become best example of VUCA. He redefined the term NEW NORMAL as NEO NORMAL. Mr Nayar gave a wonderful insight to audience about work life balance, work life harmony, gratitude, multi-tasking and switch task.
Then session was carried on by Mr Sulabh Goel, VP, Ernst & Young. He focused on sustainability and talked about before-covid era and after-covid era. He also talked about how people are adjusting and adapting to the new normal, private financing for infrastructural development and work from home culture.
Last Speaker of the session was Ms Ritika Mathur, Director, Grant Thorton. She discussed how our policy makers needs to think differently and quoted the point that equity and environment go hand in hand together. She discussed about the importance of investment in clean technology, the new area of health care technology, drivers of sustainable environment& new transformation that can be helpful. The Moderator of this panel discussion was Prof Yachhna Malhotra.
Panel Discussion 2 followed the Inaugural Session and Panel Discussion 1.The theme for this session was “Direction and Pace of Post Pandemic Period”. The Moderator of this panel discussion was Prof Shikha Arora. The eminent speakers joining the session were Mr. Peter Dorrington, Founder Director, XMplify Consulting Ltd.; Mr. Ankush Gadi, Director, CRISIL (Mumbai); Mr. Atul Shukla, Vice-President, JPMorgan Chase; Mr. P Kannan, Senior Regional Manager, Bajaj Finserv; Mr. Manigandan Ramesh, Head- Sales Automation Business Excellence, Haldiram Foods International Ltd.; and Ms. Neha Shukla, Associate Vice-President, NatWest Bank.
Mr. Peter Dorrington flagged off the session by discussing about human behaviour, digital transformation, hybrid working and different ecosystems. During his discussion he quoted Warren Buffett while focusing on customer satisfaction.
Next Mr. Ankush Gadi started on a positive note by stressing that there is always light at the end of the tunnel. He mentioned 23.9% fall in GDP during April to June period followed by the V- shaped recovery now. He also spoke about the three major challenges facing India,viz.,labour intensive manufacturing, climate change and human capital.
Mr. Atul Shukla briefed about decreasing consumer confidence index, household GDP, rural base growth and government contribution to the GDP. He also referred to the three pillars of any economy, i.e., government, corporate and the consumers.
Mr. Kannan spoke of many sectors that are still improving, not improving and/or struggling. He provided an example by pointing out how two million loan applications in June had now increased to twenty million.
Mr. Manigandan Ramesh offered that the storm may have gone but it was time to perform. He was very positive & optimistic throughout and talked about the 5Rs (Resolve, Return, Reform, Resilience & Re-imagination). He spoke about how automation helps us in increasing productivity.
Finally Ms. Neha Shukla held forth on four major points, viz., - rebranding of portfolios, cost structures, work place changes, and digitalisation. She referred to digitalisationas the biggest gift of Covid-19 and the fact that now people are looking for safe places for work rather than great places for work.
During the sessions, many pertinent queries and doubts were raised by the students which were handled and satisfied very effectively by the all distinguished speakers.
At the end of the session Prof. (Dr.)Vidhya Sekhri, Director (Management), I.T.S Mohan Nagar put on record her concluding remarks and presented a digital plaque to each of the guests as a token of gratitude and remembrance., , ,
Director’s Executive Club Activity “BREAKTHROUGH 2.0” for PGDM students
Director’s Executive Club at I.T.S School of Management, Ghaziabad organized an online activity “BREAKTHROUGH 2.0”for PGDM (2020-22) batch students on 18th February 2021.
Activity started off with the valuable words of wisdom shared by Director Management, Dr. Vidya Sekhri. She congratulated the students for getting shortlisted for presenting the case study analysis which was the theme of the event.
The activity was conducted in two rounds. First round was conducted on 17th February which comprised of picture-based story-telling and answering multiple-choice questions based on current business affairs. Top four teams were shortlisted for the second and the final round. All four teams were given a case study selected from different functional areas. The panel of judges consisted of Dr. Anusha Aggarwal, Dr. Manoj Kumar Jha, Dr. Sanjeev Tandon, Prof. Lokesh Upreti and Prof. Shikha Arora. After the presentations, judges gave their valuable feedback & also highlighted the areas of improvement for the participants.
First winner was Team Revolution and the team members were Shubham Singhal, Saloni Gupta and Sakshi Rawat and the runner up team was Team Financial Advisors with the team members Himangshu Rai, Farheen Khan and Kavita Bisht. It was a wonderful learning experience for all the participants., , ,
Corporate Talk for PGDM 2020-22 Batch by Dr. Silke Schneider
I.T.S School of Management organized Corporate Talk for PGDM 2020-22 Batch
by Dr. Silke Schneider, Managing Director-Personalized Health Alliance -Zurich-Basel, Switzerland, Personalized/Precision Medicine University of Zurich on the topic of “Leadership & Scientific Workforce Management" on 17 February, 2021.
Dr. Silke Schneider explained that every manager will have their own unique style of management; however, every manager has to use strategies which are compatible with the organisations nature of work and the culture of the workforce. Dr. Silke Schneider suggested that workforce management requires a clear division of tasks and responsibilities along with use scientific methods to determine the ‘one best way’ of doing a job.
Dr. Silke Schneider suggested that proper scientific selection of best person for the designed job is utmost important. To make an impact in their field of study and to become an influence in the scientific community, the scientists even need leadership skills that are rarely the focus of their formal education and that are certainly difficult to acquire on the job.
In the end she emphasised that it’s very important to be an energy emitter, proactive and with open mindset to be a leader of diverse scientific workforce. The session was very participative and well appreciated by students. Session was concluded by honouring Dr. Schneider with a virtual plaque and a special vote of thanks., , ,
Online Session on ‘Horizons of Intellectual Property Right’ for Management Students
I.T.S. School of Management under the Institution Innovation Council organized an online special session on the topic ‘Horizons of Intellectual Property Rights’ for Management students on February 12, 2021.
The resource person of the session was Mr. Mayank Sood, partner at K&S Partners Intellectual Property Attorneys. In the beginning of the session, the guest was welcomed Prof. Ritika Rathore and the guest began with his session. Intellectual property rights are legal rights that provide creators protection for original works, inventions, or the appearance of products, artistic works, scientific developments. There are four types of intellectual property rights (IP): patents, trademarks, copyrights, and trade secrets. The essentiality of this concept for contemporary business cannot be stressed enough.
During the session Mayank sir shares his knowledge on the following topics related to the horizons of intellectual property right:
- What is Intellectual property?
- Various terms of I.P
- About Patent
- About Trademark
- About different types of marks
- What is Copyright
- Plants Various Acts
- Integrated circuit layout design
- Some IP found in mobile phone
- Possible types of IP and other
The speaker also answered the queries of the students by quoting examples from her own experience. Towards the end of the session, Director (Management), Dr. Vidya Sekhri presented a heartfelt thanks to the guest and a virtual plaque as a token of appreciation and gratitude., , ,
Corporate Talk for PGDM 2020-22 Batch by Mr. Anuj Tripathi.
I.T.S School of Management organized Corporate Talk for PGDM 2020-22 Batch by Mr. Anuj Tripathi, Director - Enterprise Business Development - Affle (India) Limited
on the topic “Deriving Customer Lifetime Value (CLV) through Big Data-Driven Marketing" on 12 February, 2021
Mr. Anuj Tripathi explained that you have to acquire new customers and to retain existing ones, but the former costs five times as much so its important to work on retaining your existing customers. Ms. Tripathi further added to segment your customer properly and build your products or service that complement your existing offerings.
Mr. Anuj Tripathi has taken several case studies to make students understand that to take advantage of the freemium model and constantly, consistently send out coupon codes and other special offers. He advised to properly funnel traffic from social media and create a seamless buying experience by offering a well designed Loyalty Program.
In the end he emphasised to use big data analytics to map customer Journey and increase the accuracy of the Customer Lifetime Value prediction significantly. The session was very participative and well appreciated by students. There were various queries from the student’s side. The Session was concluded by honouring him with a virtual plaque and a special vote of thanks., , ,
Virtual Industry Visit – Mother Dairy organized for PGDM
I.T.S. School of Management organized a Virtual Industry Visit – Mother Dairy for PGDM batch 2020-22 on 6th February 2021.
The resource person of the event, Mr. RKR Pillai is working with Dairy product influencer Mother Dairy. He has great years of experience of managing organization.
In the beginning of the session, the guest was welcomed by Prof. (Dr.) Vidya Sekhri, Director (Management). She told about how I.T.S. has worldwide recognition and students are in a right place. Also, she mentioned that before the pandemic college used to do the industrial visit with students by visiting the place but as per the current scenario college organised the virtual industry visit for the students.
Then the session was taken further by Mr.RKR Pillai who gave the brief knowledge about the history of successful years of Mother Diary and also describes the number of products produced by the organization and what is the process of making such high quality milk and other products which nearly has maximum number of shares in the market.
Mr.RKR Pillai gives the student information about how the milk and dairy product started to produce in India and about its past years of experience and how the organization used in to cooperate in different states by different names of same products. He enlighten student about the quality and hygiene of milk and about the contribution of farmers as well. He enlighten student about the ‘clarification, homogenisation and pasteurisation process and how the milk go through it.
Mr. RKR Pillai shared two videos with the student to have more basic understanding of organisation, products and quality assurance and showing the virtual visit of the plant for proper understanding. The speaker also answered the queries of the students by quoting examples from his own experience.
Towards the end of the session, Dr Anusha Agarwal enlightened the students with her words. A virtual plaque was presented to the speaker as a token of gratitude and remembrance., , ,
Management Faculty attended AICTE Sponsored Six Day Short Term Training Programme
Prof. Ritu Saxena & Dr. Vivek Pachauri Department of Management I.T.S, Mohan Nagar, Ghaziabad successfully
completed AICTE sponsored Six Day Short Term Training Programme (STTP) under AQIS Quality Teaching and Research fromJANUARY 18-23, 2021 organized by IMI Bhubaneswar.
The STTP was focused towards conceptual overview and hands on experience on many facets like Teaching pedagogies , Creating effective presentation for class ,Case method of teaching ,Research problem and research ,Introduction to multivariate data analysis , Creating a manuscript publishable in an international journal .The 6 days course was packed with session delivered by the eminent speakers from IMI Bhubaneswar and other reputed institutions
Theoverall objective of STTP was to familiarize participants with updated pedagogical tools and techniques and to develop among participants the competency to assess a business predicament under uncertainty and choose the appropriate research technique to generate relevant insight. The program also highlighted how to publish in high category journals. Participants also got an insight of multivariate statistical methods for quality research.
The training program was enriched with learning and knowledge., , ,