Guest lecture on “IMPACT OF COST ANALYSIS IN BUSINESS MODEL”
I.T.S School of Management, Ghaziabad organized a guest lecture on the topic “IMPACT OF COST ANALYSIS IN BUSINESS MODEL” for PGDM (2022-24) batch students on 2nd November 2022.
Expert for the session was – Mr. S.K. Gautam, CEO,UDYAM, NR Tradewind Services Pvt.Ltd. Prof. (Dr.) Timira Shukla, Director presented a plant sapling to welcome the guest.
Dr. Gautam talked about various business model. He discussed how to reduce the cost by understanding the market. He elaborated on the important aspects of cost analysis i.e. human effort cost which is usually not considered while calculating the overall cost. The session provided information about the study of cost of human efforts with respect to various production criteria like the scale of operations,price factor of production, size and output,etc. affects the cost analysis . He also threw light on the manufacturing model and how the cost analysis is different from top to the lower level in the organization.
He highlighted that there are approximately 14 business models in India which are B2B model, B2C model, Subscription model, and last one freemium (free and premium) model. So, organization should strategize to minimize the product and services cost and consider the risk factor in startup model while in the starting phase.
3 types of cost were discussed viz:
· Direct Cost
· Intangible Cost
· Indirect Cost
Dr. Anusha Agarwal, Chairperson PGDM presented a token of gratitude to the guest. The Guest Lecture was coordinated by Dr. Rajeev Johari., , ,
Deepawali Celebration by Parivartan Club
As a CSR Initiative by I.T.S School of Management, Ghaziabad- “Parivartan – An Education program for underprivileged children” activity was organized in Sahibabad area, on October 21st, 2022.
The volunteers were students of PGDM (2022-24 batch). Day’s focus was on Deepawali celebration with underprivileged children of Sahibabad area. The student volunteers included Priya, Abhinav, Saloni & Harsa.
Among the volunteers Abhinav started the session by telling the importance of Deepawali festival according to Hindu mythology and calendar. After that Priya asked queries related to the said information by Aryan to confirm the proper transformation of the knowledge shared. Thereafter children sang hindi poem of Deepawali.
Saloni told the children that Deepawali is a festival of lights and forgiveness to come out from the darkness and negativity.
The session ended with the distribution of Kitkat chocolate, Cake Biscuits & Frooti among the children. Children thanked the institute for making their Deepawali special.
Prof. Ashutosh Sharma accompanied and guided the student volunteers., , ,
Alumni talk on the topic “Challenges and Opportunities in Present Business Scenario”
I.T.S School of Management, Ghaziabad organized an Alumni Talk for students of PGDM (2022-24 batch) on the topic “Challenges and Opportunities in Present Business Scenario” on 20th October, 2022.
The talk was delivered by Alumnus PGDM (2009-2011 batch) Mr. Aditya Vatsya, Manager - Times of India, Department of Digital Content & Media Solutions. Dr. Timira Shukla, Director- I.T.S School of Management welcomed the guest by presenting a plant sapling.
Mr. Aditya started the session by sharing his experience. Further, he shared his journey from campus to corporate. He spoke about the changing expectations of corporate from the young managers. In his address, he emphasized on the following attributes viz :-
He highlighted several examples of corporate – where during pandemic the corporate converted the challenges into opportunities.
He advised students that not to run after targets but to create new ideas so that targets can be achieved without any extra efforts. He answered all the queries asked by the students satisfactorily.
At last Dr. Anusha Agarwal, Chairperson PGDM and Dr. D.K Pandey presented a memento as a token of gratitude to Mr. Aditya., , ,
Cultural Club’ Activity “Business Expo – An Indian Cultural Diwali Mela” Competition
Vibgyor – The Cultural Club atI.T.S School of Management, Ghaziabad organized “Business Expo – An Indian Cultural Diwali Mela” Competition for PGDM participants on 19th October, 2022.
The Event was inaugurated with the Lamp-Lighting by Dr. Timira Shukla (Director – I.T.S School of Management), Dr. V.N. Bajpai (Director – Institute of Technology & Science), Dr. Sunil Kumar Pandey (Director – UG & IT), Prof. Nancy Sharma (Vice Principal – UG Campus), Dr. Anusha Agarwal (PGDM Chairperson).
During the event following competitions were organized;
1. Best Indian Cultural Business Stall competition
2. Best Indian Cultural Group Dance competition
3. Best Indian Traditional Costume competition
Total 07 teams compete in “The Best Indian Cultural Business Stall Competition”. The event was Judged by Dr. Shailendra Kr. Dubey & Prof. Mayank Sharma. Winners of this competition were Anupam Shaw & Khushi Chachra, who made a stall of handmade decorative items. Whereas First Runner-up were Abhinav Srivastava, Divyansh Jaiswal, Yogit Aggarwal & Sundari Tomar, who made a stall of Bombay Special Bhel-puri. And the Second Runner-up were Aman Garg, Pankaj Garg, Anjali Verma & Siddharth Garg, who made business stall of Maharashtriyan Batata-vada.
The Best Indian Cultural Group Dance performances were judged by Dr. Shikha Arora & Prof. Yachna Malhotra. Winner of this competition were Poorvi Gupta, Akansha Sahu, Roopali Kanchan, Simran Srivstava, Maanyata, Udita Rastogi, Shubham Pandey, Karan Singh, Vipin Yadav, Ritik Arora. Whereas First Runner-up were Akshita Grover, Khushi Jaiswal, Ananya Sharma, Lovely Rawat, Priya Mittal.
Total 13 contestants participated in “The Best Indian Traditional costume competition”.The event was judged by Prof. Ashutosh Sharma. Winners of the competition were; Sumit Kumar Jha (Male) & Sunidhi Singh (Female). Whereas First Runner-up were; Ram Krishna (Male) & Udita Rastogi (Female). And Second Runner-up were Vaibhav (Male) and Poorvi & Simran (Female)
All the winners were felicitated with Trophies & Certificates by Dr. Timira Shukla, Dr. V.N. Bajpai, Dr. Anusha Agarwal, Dr. Shailendra Kr. Dube & Dr. Mayank Sharma.
This was followed by a Dandiya Eve where all the students danced to the beats of dandiya.
The event was successfully organized by members of Cultural Club; Ram Krishna, Poorvi, Sunidhi, Lovely Rawat, Manisha, Ayushi, Narjis, Akshita, Himanshu, Sweety, Rahul & Ujjwal under the guidance of Prof. Ashutosh Sharma., , ,
GUEST LECTURE ON “SCM: PROCUREMENT & VENDOR MANAGEMENT”
The ‘Guest Lecture’ is an inherent part of the PGDM curricula, through which students get first hand information from an ‘Industry Expert’, on a relevant topic.
In the same vein, the Guest Lecture was organized on the theme “SCM: Procurement & Vendor Management”, on October 18, 2022, at I.T.S School of Management, Ghaziabad for PGDM 2nd year (2021-23) batch students.
The resource person, Mr. S. Ravichandran, had served with the Daurala Sugar Works, in the capacity of Head, Purchase Department and had over thirty years of enriched Industry experience. Prof. (Dr.) Timira Shukla, Director welcomed guest speaker with the sapling.
Mr. Ramachandran gave an idea about the post –Independence India’s Industrial development and Economy. He elaborated on how the purchase became an important aspect of any organization. He cited Government institutions like MMTC, and how they controlled the market till Sulphur, which was very much used by sugar industry, became de-canalized. There was a sense of increased competition among manufacturing organizations. He quoted Keith Oliver, who coined the term “SCM” in 1983-84. Later due to globalization, need for skillful negotiation became an essential attribute for purchase managers. In his opinion, the Ministry of Defence, is having the largest Purchase Department, owing to its huge requirement for its forces, from within the country and globally. They have streamlined the entire procurement process. Today global procurement is quite in vogue.
At the end, there was Question & Answer session too where students raised their queries. The PGDM Chairperson, Dr. Anusha Agarwal, presented a memento to Mr. S. Ramachandran, as a token of gesture. The Guest Lecture was coordinated by Dr. Shailendra Kumar Dube., , ,
CyberComm – 2022
Management student of PGDM (2022-24) batch along with faculty members Dr. Neeraj Sanghi and Dr. Maynak Sharma attended CyberComm 2022 "Accelerating the Evolution of Cybersecurity in India" on 18th October, 2022 at FICCI, New Delhi. I.T.S School of Management, Ghaziabad was academic sponsor for the event.
In the inaugural session on the theme “Government’s Vision around The Changing Paradigm of Cyber–Security Landscape in India”, Mr. Ashutosh Chadha Senior Member, IT and ITes committee, FICCI discussed about technology empowerment in the society during pandemic & elaborated about the whole chain of cyber security.
Dr. Ajay Data, Co-chair, IT and ITeS committee, FICCI joined virtually and briefed about the importance of cyber security in this uncertain cyber world.
Dr. Sanjay Bahl Director General, Indian Computer Emergency Response Team (CERT-in) Ministry of Electronics and IT, Government of India briefed about the operations and securities of the cyber attacks and how security is the pillar of any digital platform.
Lt. General (Dr) Rajesh Pant, National Cyber Security Coordinator, and Special Secretary to the Government of India stated some interesting facts like India is in 10th Rank in cyber security in the world.
After the inaugural session there was a Panel discussion on “Embracing Emerging Technologies for Securing our digital environment”, Moderated by Dr Saurabhi Pandey, Assistant Professor Indian Institute of Public Administration, Government of India. Panel members included:
· Mr Amit kumar Dubey, Deputy CTO, Tech Mahindra
· Mr Sanjay J Agrawal, chief product officer, Quick heal Technologies Pvt ltd
· MrDebanjan Chatterjee, Heads Decision Sciences Bureau
· MrPhaneesh Gururaj, Chief Technology Officer, Koo app
· Mr Pankaj Shukla, Director and Solution engineer leader, VMware
In the post lunch session, there was a special address on India’s Digital Public Goods Approach to Cyber Security by Mr. Arvind Gupta, Head Digital India Foundation. He briefed about Digital India campaign’s journey from its launch in 2014 to now India’s being No. 1 in terms of mobile users in comparison to 155 countries.
It was followed by a panel discussion on “Policy Intervention and Harmonisation for Balancing Innovation and Security” chaired by Prof. Rajat Moona , Director, IIT- Gandhi Nagar and moderated by Ms Aparna Gaur, Leader, IP, TMT and Cyber Security Practices, Nishit Desai and Associates. The panel comprised of stalwarts:
· Dr Subi Chaturvedi, Global SVP, Chief Corporate Affairs & Policy Officer, InMobi Group
· Mr Subrata Kumar Mitra, Head- Government & Industry Relations, Ericsson India.
· Mr Vineet Kumar, President, Cyber Peace Foundation
· Mr Aneesh Dhawan, Director, sales Excellence, Strategy & Planning (COO-public Sector), Microsoft.
· Mr Manish Sinha, Director Sales Engineering – India & SAARC, Trellix.
Dr. Amit Andre, Chief Executive Officer, the Data Tech Labs Inc. gave a case study presentation on “IT Budgets – Measuring the Value of your Cyber Security Investment”
Towards the end Mr. Amit Dubey, Co- Founder, India Future Foundation focused on the some real life story sharing of cyber-crime incidents and how we can protect ourselves from them by adhering to very basic cyber protocols., , ,
Guest Talk on “Cyber Security and Cyber Forensics’’
I.T.S School of Management, Ghaziabad organized a guest talk on “Cyber Security and Cyber Forensic” for students of PGDM (2022 – 2024 ) batch on October 17, 2022 .
Expert for the session was – Mr. Saqib Iqbal , Senior Digital Forensic Analyst at Third Eye Solution Pvt Ltd , Delhi . Prof. (Dr.) Timira Shukla, Director presented a plant sapling to welcome the guest.
Mr. Saqib Iqbal shared his views about Cyber Security and types of threats like malware, phishing, MITM , DDOS , Brute Force SQLI DNS . He explained about the model designed to guide policies for information security within an organization. Then he shared some case studies on which he worked like DC Metropoliton Police Department 2021 , Punjab and fake Bank Manager Case , 2019 , Cyber Attack on Cosmo Bank , 2019. He further explained about Cyber and Digital Forensics where he talked about digital evidences and file system. He discussed about the evolution of storage devices, methods to detect hidden data location in hard drive and data encryption. He further added incident response process of cyber forensics.
The session ended with deep insights on Cyber Security and Forensics and how these techniques helped institutions to identify attackers.
Towards the conclusion of the session, he welcomed questions from students and answered them comprehensively. Session was highly interactive and participants appreciated the insights delivered by the speaker.
Dr. Anusha Agarwal, Chairperson presented a memento to the guest speaker. The session ended with concluding remarks by Prof. Sunil Upadhyay., , ,
Two days’ International Workshop on “Financial Modeling”
I.T.S School of Management, Ghaziabad organized an online Two days’ International workshop on “Financial Modeling” for Finance specialization students from PGDM (2021-23) Batch on 15th -16th October 2022.
The resource person of the workshop was Mr. Kapil Kalra, CFA, Senior Vice President, Finance & Head-Real Estate Investments - Save Max Toronto, Canada. He has a rich 17 + years of experience in diversified C&IB (focusing on Infrastructure Project Financing) across different critical verticals of wholesale banking.
The workshop started with motivational words by Dr. Anusha Agarwal, Chairperson PGDM. She highlighted the importance of financial modeling in today’s scenario.
The speaker started with the introduction to the basics of Financial Modeling widely used in Excel. The students were also briefed on the importance of Modeling and its future implication.
The speaker demonstrated how to do modeling of a Solar Plant Project from scratch and gave some real-time scenarios to build financial models. He further deliberated on the Fundamentals of Financial Modeling, and how to implement MS-Excel. He elaborated on assumptions in Financial Modeling as per industry aspects, interpretation of output from the model and the also explained regarding presenting the results from financial modeling.
The workshop was very interactive as many questions were raised by the speaker to the students for better learning. He also took questions from the students and answered them satisfactorily. Towards the end of the workshop, the Virtual Plaque was presented to the Speaker as a token of gratitude and remembrance. The entire workshop was very informative & inspiring for the students., , ,
Industrial Visit to AMUL
I.T.S School of Management, Ghaziabad organized an Industry Visit to Banas Dairy (Amul Dairy Plant), Faridabad for students of PGDM - I Year (2022-24) Batch on October 15, 2022.
The authorities of the plant welcomed the students and gave a briefing about the plant. While the Banas Cooperative does the entire production and maintenance of the plant, the marketing of its products is done by AMUL in Delhi NCR region.
The plant has a milk production capacity of 10 Lakh Liters per day. The major chunk of the milk comes from Gujarat (Banas Kantha region) via milk container train up to Palwal station of Haryana, from where milk container trucks, maintaining optimum temperature of 4 degree centigrade, are brought to the receiving bay of the plant. The cold supply chain helps in maintaining milk from deterioration during the transit period. Immediately, after offloading the milk container, the container truck moves for thorough cleaning for reuse the next day. The milk moves to the pasteurization process where it is maintained at 70 degree centigrade.
The plant has a diversified portfolio of milk products like cow milk, buffalo milk, mixed milk, double toned milk, flavored milk, Ice creams, Pedas etc. They have a quality check department, to ensure high quality of the products. The dairy has an automated packing division. The students were shown video clips related to Amul India and Banas Dairy development in the country. Amul truly deserves to be called “Taste of India”. Faculty coordinators – Dr. Satish Kumar & Dr. Shailendra Kumar Dube handed over I.T.S Gift pack to authorities as a token of gratitude.
In all, the Amul Plant visit was a great learning session for the PGDM I year students. They not only learnt about different production processes but also quality aspects, cold supply chain, packing, safety & security and maintenance aspects., , ,
Guest Lecture "ALM and the Risk Concept of NPA: Causes and Suggestions"
With a view to developing a broad understanding of the Asset-Liability Management (ALM) System as a part of the risk management and control systems in banks, I.T.S School of Management, Ghaziabad
organized a guest lecture on "ALM and the Risk Concept of NPA: Causes and Suggestions". The lecture was delivered by Mr. Raj Sharma, Senior Vice President, YES Bank & Cluster Head-Wealth Management, Noida for the PGDM (2021-23) Batch on October 15th, 2022.
Prof. (Dr.) Timira Shukla, Director presented a plant sapling to welcome the guest. Dr. Anusha Agarwal, Chairperson also greeted the industry speaker.
Mr. Raj Sharma enlightened the students on Bank Financial statements, various types of assets and liabilities, and how banks are exposed to credit and market risks. The lecture focused on how banks need to address credit and market risk in a structured manner by upgrading their risk management and adopting more comprehensive Asset-Liability Management (ALM) practices. He also explained other functions concerned with risk management and provided a comprehensive and dynamic framework for measuring, monitoring and managing liquidity, interest rate, foreign exchange, equity and commodity price risks of a bank. Further, he has emphasized the role of FOIR and loan-to-value ratio in loan management to minimize the NPA.
He also advised students on the opportunities to work in different fields of the banking sector like Branch Banking, Retail Banking, Administration, Credit Management, Agri. Banking, Corporate Banking, Project Finance, Foreign Exchange, Deputation to Subsidiaries, Deputation to Govt. Departments, Foreign Postings and Mandatory Assignments.
The session was very insightful and informative, with fruitful learning outcomes for all the students. The session concluded with the presentation of a plaque to Mr. Raj Sharma as a token of remembrance., , ,