Showing posts with label top MBA colleges in Greater Noida. Show all posts
Showing posts with label top MBA colleges in Greater Noida. Show all posts

Saturday, April 16, 2016

The Seventh Seal of Job Interviews: Insights from Top MBA Colleges in Greater Noida, Delhi NCR

The top MBA Colleges in Greater Noida, Delhi NCR offer the best academic curriculum to their PGDM and MBA students, unique in both content and form. The definition of the scope and ambit of the design of academic curriculum includes the syllabi of text books in many MBA Colleges. But for business schools like Ishan Institute of Management & Technology it takes on an all-encompassing and all-pervasive approach that integrates business films, general knowledge, communication, power dressing and a lot more with a singular objective of enabling students to cross the line successfully and get placed with a corporate enterprise of their merit. To this extent the top MBA colleges in Greater Noida, Delhi NCR develop and follow a blue print for placement preparation. This placement preparation is a process that aims to develop and process the academic knowledge gained in the lecture sessions into the capability to brand and sell oneself during an interview.


Developing the Right Perspective for a Job Interview

Many people may actually wonder about the title of the post of this blog. It makes enormous good sense to assert that a job interview is very different from an academic interview. The basic point is for students and people running the show in placement cells of different business schools to understand that a job interview amounts to selection in a team and thus academic merit is not the only factor to be considered. The interviewer is a part of a team himself and has a job to offer the best possible value addition to a specific team from a department or function. The point is to understand the psyche of the interviewer and get into the “behind the screens” mode as much as possible. Once inside the interview room it is more like a game of chess or rather a mind game. We take a look at some of the best practices from job interviews.

How to Deal with Historical Questions?

Historical questions are also called behavioural questions. Questions like “tell me how you addressed this issue when you were working in that position 2 or 3 years ago...” are examples of historical questions. These questions are not very effective in scanning the problem solving skills of a candidate. Yet there is a better way to use historical questions. An intelligent interviewer would follow the above given example with straighter one that focuses on the present times. Candidates should while answering the first example of historical questions e prepared to answer the follow-up question on how he would adapt the solution to the problem in the context of the present time.

How to Deal with Problem Solving Questions?

As said above any interviewee should expect a follow up question to a historical question. The follow-up question may be more pin-pointed forcing the candidate to offer a working plan of the idea he has to offer. In many cases depending upon the level in the corporate hierarchy for which the interview is being undertaken the interviewer may also offer a pen and a piece of paper. For example almost all Japanese companies ask their hires and employees to present the solution to a problem on a piece of A4 size paper. If a candidate offers an algorithm or a process flowchart, it makes the job of the interviewer easier. The interviewer should concentrate on each step in the process flowchart and deduct marks for missing out on steps like data collection, knowing the work culture, structure and authority protocol, consulting clients and distributors, identifying KRAs (key result areas).

How to Deal with Questions that are Futuristic?

There are questions that are futuristic and hence require the candidate to prove that he has got a sense of anticipation and vision for the future. Developing a vision for how a function like data analytics, marketing, business development or accounting shall change over the next couple of years is a difficult task. Developing a vision for how an industry is going to play out in terms of growth, organic and inorganic growth routes, recessionary pressures, government policy changes in the pipeline, etc is even tougher. At Ishan Institute of Management & Technology, the top MBA College in Greater Noida we ask students to think in terms of an industry and observe it as much as possible during the two years of the MBA course. A vision takes time to develop. It is about looking at the big picture. We expect an interviewer to ask questions like forecasting major trends that are likely to emerge in 2-3 years, developing a plan for the first 100 days (following the 100 hundred day rule in Silicon Valley) and outlining goals for the first 3 months. To answer these type of questions a candidate must absorb knowledge like sponge by concentrating on lecture sessions, solving industry or function specific case studies, staying updated on company specific details by reading blogs, e-magazines, articles and business news portals.

How to Deal with Questions on Adaptability, Learning and Innovation?

The next level of questions in terms of difficulty level relate to adaptability, learning and process innovation. It is crucial to have answers to questions on these 3 metrics. Business environment is always and everywhere a dynamic one. It is not easy to keep balance while standing on ball that is rotating and revolving all the time. It calls for skills of adaptability, learning and process innovation to stay ahead of competition. At Ishan, one of the top MBA and PGDM Colleges in Delhi NCR we prepare students to face these questions. The answers to each of these questions have to be pin-pointed and objective. That is to say that beating around the bushes is no solution to this kind of questions.

These were a few insights on how to handle a variety of questions for job hiring interviews. At Ishan, the first graduate business school of Greater Noida, we have a very proactive multi-layered placement cell that engages in collaboration with faculty members to groom students for job interviews.

Tuesday, April 5, 2016

Global Business and Tech Trends in Ecommerce: Insights from Top MBA Colleges in Greater Noida

At one of the top MBA Colleges in Greater Noida, Ishan Institute of Management & Technology, the last year has been exciting and happening for both academicians and students. We have been collaborating in researching on different aspects of the ecommerce industry both at the national and global levels. At the global level ecommerce has evolved better and thus grown faster and better than in India. Given that ecommerce is a technology driven vertical, it gives the impression to many people in business schools that the key driver of business growth is technology. As business academicians at one top MBA colleges in Greater Noida, we beg to differ. Based on the empirical evidence that our students and fellow academicians have collected we assert that the synchronization of technology with the business and revenue models matters the most. Technology in isolation does not achieve the desired targets of business growth. As such we have based this piece on business and technological trends that are shaping the contours of the ecommerce vertical at the global level.

Global Rankings of Ecommerce Companies

Based on the net product sales, Deloitte has published the findings of its research. Amazon stands right at the top of the global rankings with net product sales of U.S $ 61 billion. The other big global company JD.com INC from China comes in second position followed by Walmart and Apple both from the U.S. The complete list of the top ten global companies in ecommerce is given below.


How Does India Compare to the Global Ecommerce Market?
As an MBA College in Greater Noida, we get to interact and learn about the ecommerce industry best practices being followed by their business executives in the markets of Delhi NCR. Again, we have also collected data from our alumni working in the ecommerce vertical in the overseas markets. We have tallied the differences that we have observed. Our students who are pursuing PGDM and MBA courses have also engaged in researches to identify the differences between ecommerce in India and the rest of the world. Here is a list of the major technological and business trends that we have observed.

Global Ecommerce Market Runs on Non-Price Competition
The global ecommerce market is more into the market morphology of imperfect competition and has evolved tremendously over the years. The pattern of competition in the global ecommerce market is based on non-price competition. Companies operating at the global level have looked to focus on customer retention and profitability by building key product and brand differentiators Non-price competition has enabled these companies to compete against each other and yet grow organically in terms of gross merchandise value and net product sales without having to sacrifice their profitability. This has been possible through focus and innovation in process and product development, embracing of technological platforms like big data, internet of things, machine learning, artificial intelligence and cloud computing solutions. On the other hand companies in India like Flipkart, Amazon India, Snapdeal, Jabong and others have looked to build on market share and new client acquisition in the B2C segment. This has allowed them to grow in terms of sales volumes but the gross revenues have been compromises on by means of offering heavy discounts, offers and loyalty programs.
Business and Revenue Models in Vogue
Companies in India are trying out multiple business models to stay afloat in a market that is becoming increasingly crowded. Some of the top Indian ecommerce companies and their business model types are mentioned below:
To survive and sustain in the market, companies are also taking advantage of multiple revenue models.
Yet another interesting observation about the ecommerce market in India is that it is witnessing very aggressive mergers and acquisitions that in the near future should lead to consolidation fragmented market share and a steady increase in revenue streams owing to the gain of product specific SBUs. In the year 2014, the acquisition of Myntra by Flipkart was worth INR20 billion and was the biggest in that year in India. This deal was closely followed by the acquisition of Pilani Softbus that used to run the online ticket booking portal redbus.in by the South Africa based Ibibo Group for INR 135million and the acquisition of TaxiForSure by Ola Cabs for INR200 million. The observation that emerges here is that most of the M&A activities have taken place in specific product led verticals. The rise of vertical specific companies in India and at the global level shows the dominance of vertical specific e-tailers over multibrand online retailers. A complete list of vertical specific ecommerce firms in India and the world as given below points to the insight.






At Ishan Institute of Management & Technology, one of the top MBA Colleges in Delhi NCR our students have worked on more than 200 research projects on ecommerce till now and have attended 7 workshops on best practices in ecommerce vertical. The clips of data offered in this piece are fragments of research projects done by students under the mentoring of academicians of the faculty of business administration and top business executives from ecommerce industry in India.