ISBM courses for working business professionals

In a competitive world of modern professionals, going back to School for learning modern skills is not an easy choice. For case in point, one needs to catch up with these skills which are being imparted in your capacity.

While on-the-job learning, at some point may hit a wall with vigorous changes in the conventions and practices almost in every single field nowadays. The question arises here – how can you keep up with the revolutionizing era? Do you really have to unwind in every few years from your job to pursue full time courses? Undoubtedly, you cannot!

In the revolutionizing era, all of us are really privileged as we do have an option to pursue such courses without giving up of a current progression in our careers. Benefits of these online courses which are at disposal can lead you to another boulevard of your dream jobs.

ISBM online learning courses benefits:

1. Through distance learning online courses, practicality of time is very well understood for each and every individual. All the valuable time can be saved and invested in productive areas of learning these cutting edge courses which otherwise would have spent on traditional methods of learning as full-time. Such opportunities with real time learning experiences are extremely beneficial for budding young professionals to emerge as dynamic entrepreneurs.

2. You are required to dedicate plenty of time in classroom based traditional learning mode. It actually limits your scope for exercising the learned skills practically. However these online courses from ISBM are devised to provide maximum spotlight to practice all the learnings in real life from case studies. Case studies educate and influence realism for your career advancement.

3. Online Learning Modules are imparted as such you can customize and set your own pace for learning the business course. This places miles ahead in the learning methods than traditional learning techniques. At ISBM, education is made simple and soft-pedalled, suiting working professionals’ needs in pursuing part-time courses.

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How do entrepreneurs contribute to India's business ecosystem

Who is an entrepreneur?

In today’s context we hear a lot about entrepreneur, entrepreneur management, many scholars have many definitions to it but in simple terms, they are -

1. Who are risk takers, 
2. Decision makers,
3. Ready to lead from the front
4. Ready to think out of the box

An entrepreneur works an as employee, runs a business and takes all the risks and rewards that comes into the business, puts his own ideas, and is commonly seen as a leader and innovator of new ideas and processes.

If we compare Indian Economy to a Bus, the people that drive this bus are the entrepreneurs. What are the Role of Entrepreneurs in today’s modern business world? – India strives for being a super power country, what will lead us to achieve this status?

 Most primary factor is Indian economy – Service sector induces in the growth of Indian Economy in recent times. 
(1) The growth rate of service sector is been very rapid, due to which the Gross Domestic Product (GDP) has risen, giving a major boost to the Indian Economy.
Better Lifestyle – People strive to live better, due to economic growth and increase in spending capacity which is a perk of employment rate growing high.
Technological advancements – The world is traveling in a time machine, where traditional use of mobile phones is now a basicity serving its purpose by supporting and making people’s lives easier and work life more better with optimum utilization of these technological advancements. It is remarked as a blessing to the business world and economic growth.
Better education system – Curiosity is a wick in the candle of learning. There is no good teacher than a curious learner. India induces in fine learners and thus is leading in the world of education. Innovative thinkers has lead in creating a quality education system with authenticity in producing best professionals who can make a difference and create a world a better place. It is placed as a helping hand and that is how we stand tall amongst all, when qualitative method of learning is emphasized.

Indian Business Strategies have changed over time. We can differentiate in methods of these processes, from running a business, to risking it at the extremes. An Entrepreneur is an innovative thinker who strives in succeeding in his primary goal of generating income and make a difference in society by standing out in the crowd. With a goal of generating higher incomes, there comes a risk of sailing through the highs and lows. An entrepreneur has to strategically ideate and evaluate business plans to bring in the business. The risk factor can be viewed as a strength of an entrepreneur. The difference is noticeable in the traditional ways of planning, organizing, controlling, decision making, Risk-taking factors of an entrepreneurship. Modestly, newer ideas justifies to be innovative and important in the competitive market policies.

Indian business ecosystem -- Post liberalization period 1991, India was introduced with significant policy shifts in the economy, with an aim of making Indian economy market-oriented and enlarge the scope of private and foreign investments.

‘Economic Liberalization of 1991 - Prime Minister Narasimha Rao, along with his finance minister Manmohan Singh, initiated the economic liberalization of 1991. The reforms did away with the Licence Raj

(2), reduced tariffs and interest rates and ended many public monopolies, allowing automatic approval of foreign direct investment

(3) in many sectors. Since then, the thrust of liberalization has remained the same. By the turn of the 21st century, India had progressed towards a free-market economy, with a substantial reduction in centralized control of the economy and increased financial liberalization. This has been accompanied by increases in life expectancy, literacy rates and food security, although urban residents have benefited more than rural residents, with investments made Indian counterparts started following foreign business strategies and implementing in the free-market economies.’

All these lead to Indian economy advances and came forth contributing security in terms of–

1. Monetary advances– Direct foreign investments encourages the Indian economy and thus made system more free and brought down inflation rates.
2. Technological – With advancements in business thinking, technology plays a vital role. Adoption of these invention in technology made it crucial, and speed up the business processes.
3. Innovation - Necessity leads to invention, and innovation is the underlying plan of these inventions.
4. Change of attitude - earlier there was not support of the Government to entrepreneurs, although now various schemes are coming up which makes secured business strategies, encouraging Indian entrepreneurs to implement and bring in their innovative ideas in the market.
5. Start-ups – The Prime Minister, Shri Narendra Modi initiated with the Action Plan of Start-Up India. This Initiative primarily aims at nurturing entrepreneurship and innovation in the ecosystem. The basic principle of this plan is promoting the idea of a Nation as a Job creator 

(4), than being a Nation of job seeker.

Bringing in this change, the outcome of can closely be gauged with few success stories who are bound to bring change - 

• Kolkata-based Green Clean Media Works generates Rs 1 lakh revenue per month by installing Adbins in residential complexes
•  LIFT Academy – a corporate veteran’s effort to make uninformed workers skilled employees
• Indian markets being extremely price sensitive, Flipkart overhauls an American e-commerce company Amazon, by it’s rapid growth over a very less time. TCS, Infosys, Nasscom are few examples of these start-ups

(5) ‘India startup ecosystem: 3,000+ startups now, 10,000 by 2020. The first set of data shows the sheer volume of India’s tech ecosystem. With 3,100 startups, and 800 more every year, this is the 4th largest country after the US and China. The positioning of India as a startup country is also thought of in the light of other famous startup scenes such as the US, Israel, Singapore.’ Full report from Nasscom’s website.

(6)However, the government needs to nurture and encourage an even stronger customs of entrepreneurship, for Small business start-ups to come out on the bigger front in the world market, setting funding regulations and managing economy more efficiently.

The young and dynamic Businesses are up in market, making it’s significance and forming India a well-backed nation of strong enterprises.

References:

(1) Services Sector Growth Rate in India GDP - http://business.mapsofindia.com/india-gdp/sectorwise/services-sector-growth-rate.html

(     (2)    Licence Raj Wikipedia

(     (3)    foreign direct investment Wikipedia

(     (4)    Nation of Job Creator http://startupindia.gov.in/actionplan.php

(     (5)    Social enterprises story - https://social.yourstory.com/category/socialenterprise/

(  (6) India startup ecosystem data - http://www.innovationiseverywhere.com/the-state-of-india-startup-ecosystem-here-comes-the-growth-and-10000-startups/

(    (7)     Nasscom’s website

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Management skills you need to be the next Great Entrepreneur

In today’s context, an entrepreneur is somebody who works an as employee, operates a business and takes all the risks and rewards that comes into the business, puts his own ideas, and is commonly seen as a leader and innovator of new concepts and processes and envisions in carrying a strategic business for a vital principle of producing greater revenue.

Certain skills of an entrepreneur are fossilized prominently, although the future-next entrepreneurs are required to have distinguished management skills for a remarkable status on a socio-economic platform. A finest entrepreneur thrusts in his business strategies by dumping the traditional ways of management and infuse innovative managerial skills which are boundless, in regards to retain a noteworthy position amongst other entrepreneurs.

It is extremely important for an entrepreneur to blend in the traditional management skills with new models and modernized intellectuals.

•  An entrepreneur possess management skills such as-
• Optimizes the use of resources which are scarce
• Ensures effective leadership
• Motivates and creates justly environments amongst employees
• Promotes synchronization amongst industries and their relations.
• Strategizes towards achievement of primary goals of an organization
• Enhances Standard of living for the employees
• Facilitates developmental opportunities and gets work done.
• Expands productivity
• Regulates competitiveness in the market business

Apart from these basic managerial skills, a future-next entrepreneur should have his grip on other factors as well to have an effective remarks in the business world today. Information and knowledge are the key elements of management. And implementation of these elements becomes very significant. It is also equally necessary to involve in the society to look after social responsibilities.  An entrepreneur thus needs to execute them to gain greater outputs.

    

Passionate: An entrepreneur can be trained for certain managerial skills and expertise in the same, but one cannot be trained for passion and its execution, it is something in-built. You will never have to spend single time working on something for which you are passionate about. Over the time, it is been remarked that a passionate person may deteriorate in variety of ways, so it is also important for him to remain self-motivated in order to succeed and perceive in his goals.

Vibrant Personality: A charismatic personality trait in a person can never be overlooked and grabs an eye in the crowd with his jovial nature and brilliancy. His vibes which are on a different frequency makes him stand out in the crowd. ‘Be simple, but significant.’ – Only motto of an entrepreneur. A leader must possess a state of mind as such of creating a long-lasting impact on his subordinates as well as fellow industry personals. Hardworking is another trait of an entrepreneur without which an organization cannot be constructed, where passion becomes a vital attribute.

Ready-to-go attitude: A strong temperament in a person is much required to sail in through highs and lows of the business.

A person needs to have a ready-to-go attitude which is very important to perform as an entrepreneur in the market competitiveness. He takes things the way as they come, through the inconsistencies and unpredictability nature of a business. This personality trait as an apt is very essential for an entrepreneur to behold.

·         

Self-introspection: It is a capacity of a human to look closely and examine his nature and social behavior, and also develop deeper insights for self-learning of his business strategies to sustain a remarkable position. It is an act of knowing ones actions to the fluctuations in a business. ‘Fall down seven times, get up eight.’ It is important to keep a check on the strategies which lead failure, and rectify in no time in accordance to achieve something great in a business.

Flexibility: An entrepreneur needs to adapt certain changes for the betterment of his company. 

 In order to lead, one needs to follow the needs of others and be definitely flexible to change, when the decisions of leading put business or enterprise in jeopardy.

·      Self-belief: A business in jeopardy needs to be ascertained and prioritized to get through the storm with feasible modifications in business strategies and policies; one needs to be very definite about these alterations with a characteristics of self-discipline, patience and self-belief. These qualities of an entrepreneur are evolved as a toll for all the difficulties which come in his way.

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Money Management: Time is money and management of these foremost resources is prominently crucial. One who cannot manage time, cannot manage money. In simple words, a person needs to efficiently control his investments, savings, and expenses putting it in the spotlight. This attribute of an entrepreneur is much more important to carry out a business as a whole. It needs to be planned diligently, planning should be considerable, but not over planning.

       

Networking: Everybody is on social media and connected to family, friends, also following celebrities and tweets which emerges as social learning. Business professionals share their valuable ideas and personal learning on social platform, connecting to such people can be used to ones advances. It helps dynamic entrepreneurs develop various skills like communicating to wide mass, inculcating social trends, having deep insights of market trends, forming groups of individuals having similar interests and widening the circles which can create further opportunities like partnership, franchising, etc. 

These pointers can also make traditional entrepreneurs to grow and advance in this specific profession. As time passes by, it is really important to grow and evolve not only for individual improvement, but also business benefits. There are also many academic courses which are available like Diploma in Entrepreneurship Management (DEM) at Indian School of Business Management and Administration (ISBM).

It is an overall win-win situation for each and every individual who are in fetch of making a difference in the society, for the society, emerging as new entrepreneurs leading the markets economically and drifting along, while taking the business world to new avenues.

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Using Social Media for Professional Development

Social media is an enormously huge platform of sharing, learning and implementing ideas. While individuals share their valuable ideas and personal learning on this platform, it becomes quite easier to connect to such people on the wide social front in developing professional skills.

It is not only an idea of sharing holiday pictures, selfies or videos, but it is also a way of learning and connecting to the highly skilled professionals who are excelling in their professions, inspiring the followers on a social media platform with their lifetime achievements. There are many social networking sites like Facebook, Linkedin, Twitter, G-Plus, Pinterest, etc. serving as a means for connecting and socializing, engaging and sharing of concepts and success stories on the wider front. Following the latest Twitter trends-hashtags, top grossing stories, RSS feeds, podcasts etc. one can make an optimum use of these mediums to develop new skills or churn the existing ones on a professional level. Business leaders, Facebook scoops, technical experts, educational bloggers are all on Social media engaging in activities such as webinars, blogs, YouTube videos, providing infographics, etc. Technological advancements has taken social media on a new height, engaging people from in and around the world, forming groups of individuals having similar interests or professions, helping individuals develop communication skills on a professional level, formal etiquettes, verbal and non-verbal ways of communication, personality development, time management skills, learning current social trends and inculcating them for professional development, establishing or widening the network socially.

Social Media is a perfect fit in everybody’s daily life and therefore it makes a lot easier in connecting to these experts, not only for personal betterment but also organizational and professional development who has their own firm or aspires to build one using social media as a greatest means.

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