Category Archives: Management Education

Opportunities that World-Class Management Education Can Bring to You

Owing to the sweeping developments in liberalization and globalization, there is a considerable impact on the country’s management sector. As the industry continues to grow, greater importance is placed on academic qualifications and skills development. Today, there is a vast upsurge of management institutions and B-schools in the country, striving to provide quality management education and produce efficient professionals to cater the radically changing industry. Developing the competency and capability of students to become entrepreneurs/leaders in the sector is the primary objective of any management education, and so, pursuing the management degree from a well-established institution is what would become the cornerstone of success for students. It is necessary for students to choose the right institution that caters to the needs of the industry and provides a world-class management education that would bring in vast opportunities for a prospective career.

Educational institutions play a significant role in transforming students into efficient management professionals and entrepreneurs. The importance of academic education and hands-on training in the industry is undeniable, and perhaps, it is given the top-priority by educational institutions. While it takes much more than academic and industry knowledge for students to succeed in their career, there are certain things they need to do to catalyze their development. Finding the right platform/interface that would shape their abilities to meet the industry needs and provide them with the essentials for developing employability skills is the key to success.

It has to be noted that development of crucial soft skills and abilities is made possible only when a degree is sought from a well-established institution with top-notch facilities. Such an institution would impart a perfect blend of academic management education and intellectual ability along with necessary soft skills to incubate ingenuity in students so that they can gain an edge in the competitive market. This is why an educational institution providing world-class management education is sure to bring in a plethora of career and placement opportunities along with a conducive learning environment that promotes skills development.

J.K. Lakshmipat University, one of the esteemed educational institutions in the country, has been creating an impact in diverse fields of knowledge, particularly excelling in management education. The institution, as a part of the leading Indian Industrial Conglomerate, J.K. Group, is dedicated towards industrial development, education, and social upliftment of the nation. JKLU is committed to providing quality education with academic excellence and industry interface that creates a well-efficient intellectual capital for the country in the new knowledge age.

J.K. Lakshmipat University strives to shape up the students for the corporate world and hence instills them with the will and skills needed to contribute to the self-sustenance and self-reliance in the industry. With the learner-centered world-class education at JKLU, students become better equipped to grab advantageous opportunities in the domain. Besides, students also benefit from:

Enhanced Employability Skills:

It is important that besides imparting with academic know-how, students are also prepared to become employable professionals. For this, an educational institution has to move from the academic mode to the corporate mode. At JKLU, we have a wide range of skills development programs and training sessions that offer all the essentials to equip students for the industry. We identify the industry expectations and changing trends promptly and create the right platform to equip students with the required skill sets so that they can become more competent and employable.

Placement Opportunities:

At JKLU, we have a dedicated Training and Placement cell that is entrusted with the responsibility of channelizing opportunities towards potential students. With the host of training activities like group discussions, seminars, and mock interviews, students are prepared to face the real-world job market and know the nitty-gritty of the job selection process. JKLU provides the opportunity for students to get guidance, training, and practical industry exposure from industry experts, alumni network, and the eminent faculty through corporate visits and personality development programs that enhance their prospects for the competitive industry requirements.

Knowledge Acquisition:

JKLU’s involvement in knowledge creation and dissemination serves to enhance the students’ competitiveness in the global arena. Apart from fostering academic education and conceptual learning, we aim at developing the soft skills and interpersonal skills of the students in order to promote intellectual competitiveness among them. With the excellent smart-classroom facility, interactive learning methodology, dynamic resource hub for R&D, and State-of-the-art Infrastructure, JKLU facilitates an effective learning environment for students to share and acquire knowledge.

Industry & Academic Collaborations:

As a part of the management program, JKLU fosters collaboration with various industry and academic bodies to leverage mutual capabilities and exchange of knowledge. Our international collaboration programs expand the student and faculty experience, creating valuable opportunities for students to improve their academic and intellectual development through constructive challenging of ideas and wisdom. Moreover, collaborative programs enable students with the knowledge and skills for successful venturing of business beyond borders. Through these industry and academic collaborations, students are equipped with the ability to work, learn, and compete in an international capacity.

JKLU is dedicated to providing high-class management education with academic excellence and skills development for producing accomplished managers and professionals with the attributes of increased effectiveness and efficiency. We, at JKLU, identify the key issues that impede the student’s development and facilitate a unique learning environment, where students are groomed and bloomed for the career opportunities ahead. Besides imparting academic education and training, the key focus of the JKLU is also on uplifting the standard of management education so that it meets the standards of the knowledge-oriented paradigm of development.

A high-quality, globally relevant management education opens up possibilities for students to compete for the growing knowledge economy and subsequently, pave way for better career opportunities and professional success. In that sense, JKLU ensures a well-developed, all-rounded and balanced management education with a remarkable confluence of diverse disciplines and varied academic cultures.

Is Management Education Necessary to be Successful in Business?

Gone are the days when innate abilities, domain knowledge, and experience were enough to run a business. Today, the world is becoming more and more complex and needs ‘management’ in all of its essence to function effectively; effective management has become the soul of every business today.

Furthermore, globalization and industrialization have made the business world all-powerful and ever-changing. As a result, the size and complexity of businesses today are demanding more and more of professional skills and pure practical knowledge of the domain. This is why management education is becoming the center of attraction among today’s entrepreneurs and established businesses.

It is not that businesses cannot run without management education, but it empowers you with the knowledge, skills and learning agility required to stay of times and competitors. The fast-paced industrial world demands the need for ‘management abilities’ to handle the complex, multidimensional business spheres. In such a scenario, management education with proper guidance and training becomes indispensable. It has to be admitted that a collective knowledge from education and experience is what forms the right foundation for future managers, leaders and entrepreneurs.

In today’s hardline business climate, climbing up the business ladder is not a piece of cake. Entrepreneurs and business enthusiasts need to possess the most updated knowledge and skills, depending on the need and expectations of the current developments in the industry. The increasing competitiveness in the business arena all over the world is posing a tough spot for management professionals to tackle the market risks and challenges effectively. They have to sharpen their skills/abilities by constant innovation and analytical and logical thinking for overcoming the industry challenges. To make it happen, management education helps the aspiring individuals to gain knowledge and skills by giving them a practical embossing over the theoretical approach. When students get a complete understanding of the business activities and are equipped with the abilities/skills to take their business forward successfully, they are able to make a mark in their domain.

It would be beneficial for aspiring students to know why management education is considered necessary for a successful business endeavor:

Helps Imbibe Management Concepts:

A successful entrepreneur needs a host of professional skills and business acumen. Mere bookish or academic knowledge is not everything. It is necessary that management professionals stay aware of the theory and concepts related to business management before stepping into the world of work. While pursuing management education, you get to learn about the management terminologies and concepts along with the knowledge of the practical application which helps you deal with real-life situations.

Aids the Development of Interpersonal Skills:

Business management is often about managing people, products, and processes. As an efficient management professional, you have to deal with all of these and learn to maintain a balance. This could not be possible without effective interpersonal skills. Management colleges are the best place for students to develop as well as sharpen their interpersonal skills such as communication skills, leadership, team-building, negotiation, decision-making, and more. Educational institutions provide a number of opportunities for students to come out of their shell and develop their skills. Various seminars, workshops, skills development programs, and extra-curricular activities conducted by the management institutions help to develop interpersonal skills in students, thereby contributing to their holistic development and grooming.

Brings Better Job Opportunities:

Reputed institutions have a dedicated placement and training cell that prepares and guides the students through various career opportunities so that they can land a rewarding job matching their talents and skills. The grooming sessions at the education institution offer ample opportunities for students to enhance their professional profile and become industry ready so that they are directly absorbed by high profile companies. In short, management education lays the strong foundation for graduates to embark on a successful career path.

The growing ramification in the modern business world demands professional education and practical learning as a mandatory element for success. As it is setting a trend in the recent years, a large number of management institutions are mushrooming across the country to provide management education to aspiring students. However, the quality of management education imparted to students as well as the reputation of the institute always remain the prime concerns. Let us see it this way – Do you think all the students pursuing management education from various institutes across the nation turn into entrepreneurs or efficient management professionals upon graduation? Certainly not! Laying the right foundation with effective learning, industry exposure, and strong industry-based skills, is what makes all the difference. This could be possible only through attaining high-quality management education from a reputed institution. The increasing number of b-schools across the country have posed the need for quality over quantity. In today’s scenario, to establish a successful business, or even to grab a good management job at a big company, acquiring just an MBA degree is not sufficient. You should also look up to the reputation of the institution you pursue your degree from. The institution should be one which provides you detailed business acumen, thorough knowledge of the practical application of concepts, ample of industry exposure, and skills development, as a whole package. Besides, the institute should have a decent placement record of its alumni which showcases the strength of the reputation when it comes to getting a job post graduating.

In that sense, JKLU, a well-established educational institution that has been ranked among the top management colleges in the country, emerges as the prime destination for management aspirants. The institution houses world-class infrastructure, the best-in-industry faculty, and all the other facilities that are required to facilitate a cutting-edge holistic learning experience for the students. The management education at JKLU is based on a robust, market-centric curriculum that has been deliberately designed by industry experts and practicing professionals to aid the students to grow into highly efficient, skilled, and productive management professionals of tomorrow. The value-based learning environment at JKLU places strong emphasis on building globally relevant, employable professionals for the business world.

In times when management is seen as a dynamic, life-giving element for every business to survive, grow, and flourish, management professionals cater to be the backbone of it. With the future businesses demanding highly efficient management professionals, the right mix of skill-sets, experience, and innate managerial abilities serve fruitful, to reach greater heights of success in the business world and this is exactly what we, at JKLU, are experts at.

Management Studies – Path to Personal and Professional Development

Today’s business world has become a globally competitive workplace. Whether you want to give yourself the edge in your new job or consider earning a promotion in your career, you need to be extremely committed towards your profession and should consistently strive to expand your knowledge base and develop your skills and abilities.

Everybody is aware of the rising competition in the professional sphere nowadays. We are in the times where employees are often bench-marked against their peers for their capabilities. As such, it becomes essential to constantly keep working towards improvement of one’s employ-ability skills to keep them at par with the industry standards. Particularly for those working in the arena of business management, constant personal and professional development is a must.

Even though some companies are good at creating the needed learning opportunities for their staff, not everything that is offered is in line with your own development or the career need. So, if you want to stand out at your workplace and protect your employability, you need to be smart enough to take control of your own personal and professional development. As aworthy professional, you have to master relevant competencies, hone your skills and emotional intelligence, and develop team-working competences and other crucial abilities that propel you towards becoming a resilient and transformational leader.

In such a scenario, management studies that focus on practical expertise and work competencies definitely rise up to be the cornerstone for your development and also for the enhancement of your proficiency in key management areas. However, for this to happen, it is necessary that graduates choose to pursue their management studies from an educational institution that offers them the best-in-class learning environment that fosters the development of their skills and abilities.

So yes, management studies, when coupled with a strong backing of a reputed institute, do promote personal as well as the professional growth of students. We’ll delve deeper into how exactly does this happen, in the article below.

MBA and Personal Development

A major aspect of management studies is that you spend a lot of time on personal development. You are given the extra support needed for realistically assessing your own abilities, strengths, and weaknesses, and to find the gaps that need to be filled. Students gain a better understanding of their self through teamwork, team building, and enhanced learning activities like personal suppleness, conflict resolution, and facilitation.

Moreover, management studies offer a robust platform for the students to improve their interpersonal and personal communication, and evaluate their beliefs, behaviors, values, and personal views while engaging with others. It also helps students differentiate the dynamics of individuals and implement techniques that help motivate team members and maintain an effective team.

When it comes to skills development, MBA courses help adopt resilience skills, facilitation skills, and assertiveness. The management programs also teach about valuable networking and communication skills for students, enabling them to develop as well as strengthen their personal and professional networks.

MBA and Professional Development

In general, management studies create a specialized pathway for students to develop their skills in key business areas such as people management, business processes, and more. You get a far deeper understanding of business operations and functions along with earning hands-on experience to tackle every struggle accompanying your way.

Courses like MBA provide opportunities for students to engage with industry experts and also experience real-lifeprojects in action. This kind of exposure enables students to integrate their academic learning with real-world practice, allowing them to apply the latest business skills and concepts in everyday business scenarios.

Acquisition of transferable workplace skills is indeed one of the major benefits of pursuing an MBA degree. These skills are highly valued by employers as they know that such candidates will ensure a smooth transition into any new workplace. Some of such skills include project management, problem-solving, project delivery, reporting, interpretation of data, persuasion, presentation, time-management, analysis, and communication.

J.K.Lakshmipat University, the educational arm of the renowned J.K.Group endeavors to make a difference to the standards of management education in the country. The JK Organization, being an eminent leader on the industrial landscape of India has been contributing a lot to the nation’s industrial development, education, and social upliftment, ever since its inception. The exemplary growth achieved by the organization in diversified industries has marked its position as a forerunner in major businesses over the years. Now, the J.K. Lakshmipat University, an initiative of the JK Group, is established with an aim to provide relevant knowledge and skills to develop a global mindset in the Indian youth.

At JKLU, management studies go well beyond learning about managing or growing a business. It is more about developing a much broader pool of knowledge and practical exposure through skills acquirement and decision-making. It is indeed a transformational process for students that helps them in their career growth and creates professional opportunities.

An MBA program with JKLU is the right platform to build professional opportunities towards career enhancement. By the end of the course, you are equipped with both business skills and experience that adds to your value and strengths.

While there is a multitude of options to enhance your personal and/or professional growth, the foundation for it has to be established right from your undergraduate/postgraduate days. This is why you need to lay your foundation at the right place that uplifts your academic goals, and at the same time, enhances your skills to develop you into a full-fledged professional for the competitive world out there.

Overall, an efficient management degree bridges functional expertise and the capacity to work harmoniously across functions. The impact that the management studies have on students serves to facilitate their transformation both personally and professionally, creating a considerable impact on the way they assess and approach challenges. Thus, by aiding the development of personal and professional competencies, management education when acquired from an institution like JKLU, can help students leverage the learned expertise and eventually opens doors to success in whichever career they embark on.

Management Education: Role of Educational Institutions in Nurturing Creativity

Every single individual is gifted with the innate quality of creativity. Creative thinking remains the most important factor in defining the uniqueness of every single mind. The organizations survive and thrive on the uniqueness of its people’s creative thinking as everything is imitable except individual’s ability to think critically and creatively.

In this context the role of academia is critical, which happens to be the source of providing the best talent to the industry. The key role of education lies in imparting purposeful knowledge to the students and hones their ability to think creatively as “creative minds are incubators of best ideas”. Education is the “Seed” that is embedded in students, and needs to be nurtured with time. It enhances their imagination, empowers their thinking, enlightens their minds and strengthens them to adapt with changes. Continue reading

Modi Era of Reforms and Evolving Management Education

The first wave of economic reforms was the result of the economic crisis in 1991 and led by Mr. Manmohan Singh. India gained a lot through these reforms but the task was unfinished. Later on Fiscal mismanagement, political profligacy, increasing corruption, absence of reforms in key inputs like land, power and labor, policy paralysis, lack of initiatives to promote innovation, and problems in running of business has set the stage for the Modi era and a new set of reforms.

Prime Minister, Mr. Modi has identified the need of the hour and Introduced Make in India, Digital India, Skill India, Start up and Stand up India, Transform India, Swachh Bharat Abhiyaan, Clean Energy Mission, Invite FDI, Smart City Mission, etc. The other initiatives are financial and communications inclusivity like the Jan Dhan Yojana, Aadhar Mobile Number Trinity, Revitalizing public sector banks , Ease of Doing Business (EoDB), cleaning the system from black money and corruption and finalization of the GST. Continue reading

What will make a Successful MBA?

In the build up to admissions for various management programs, it is an opportune time to reflect on who the management institutions are looking for to join us next year. Every university/institution is extremely proud of its students and look for a few distinctive traits that are common to all individuals within the MBA cohort.

Intellectual ability and a good academic track record are essential, of course, but as the institutions select the Class of 2017, there are three attributes that the Admissions Committee look for when selecting candidates for the MBA.

 Leadership

First and foremost, the institutions look for candidates who exhibit strong leadership potential throughout their academic and professional experience. This can take many forms: being selected for a leadership program at work (for the candidates who have work experience), launching a new business venture, captaining a sports team or leading a voluntary project – anything which demonstrates your ability to lead, inspire and motivate others. MBAs have the leadership potential not just to succeed in business, but to create new opportunities and be trailblazers for others. Today management institutions want candidates with the drive and ambition to change the world for the better. Continue reading

Management Education: A Tool to Develop Industry-Ready Workforce

The current economic environment is highly competitive and therefore strives for sustainability. A quality human capital is one of the key factors towards the economic sustainability. There is a strong requirement of a good and quality human resource who can develop this present need of environment without compromising the ability to meet their own needs. Today’s business world need people who can face the contemporary world challenges and can provide the initial corpus and direction to the business towards excellence. Organizations need good managers and industry leaders who can give best results through their communication skills, management skills, research skills, analytical skills, teamwork skills, leadership skills, managerial soft skills and achievement oriented personality.

Personality plays vital role in the success and growth of a person. As personality is a blend of inner psychological characteristics like emotions, thinking, attitude and mindset, which determines and reflect how a person responds to his/her environment therefore it is a corporeal characteristics and makes every individual different and unique. Though personality is developed right from the beginning of childhood but it is a continuous process which keeps on improving through the entire life of a person. Continue reading

Finance Specialization at MBA Programme of JKLU

In the fast paced and dynamic world of today, if something has not changed – it is Finance! Money still rules the World! The World is divided between haves and have-nots; i.e., those who have money and those who have not! After the recession of 2008, how we manage our Finances became quite important. The 2008 sub-prime crisis occurred due to the special financial instruments which few could understand! In the year 2015, with the crash in commodity prices, especially oil, countries like Saudi Arabia, Kuwait, Venezuela, etc. stared at declining oil revenues. In order to maintain their living standards, they started planning how to conserve their dwindling foreign exchange reserves and looking out for newer avenues for raising Finances! Again, in 2015, the World saw negative interest rates for the first time in Asia, starting from Japan! This unconventional monetary policy tool was used by Sweden’s Central Bank in July, 2009 for the first time. It means that for keeping money with the bank, don’t expect to receive any interest; in-fact, in reverse, one needs to pay bank for the same. And the borrowers receive interest for taking loans! All this calls for an understanding of Finance as an enabler, creator and conserver of money and fortune! The top class Finance Faculty at Institute of Management, JK Lakshmipat University, the best MBA University in Jaipur make the same understanding – a child’s play!

According to Investopedia, “Finance is the science that describes the management, creation and study of money, banking, credit, investments, assets and liabilities. Finance consists of financial systems, which include the public finance, corporate finance and personal finance, and the study of finance and financial instruments, which can relate to countless assets and liabilities.” In older times, barter system was used which took care of the payments – but, it had limitations. In modern times, currency in form of notes and coins took the place of barter system. Of late, the use of digital cash is on rise. Similarly, the simple notions of money, banking, investments, assets and liabilities have undergone a dramatic change in the last decade or so. Continue reading

JKLU and its contribution to management education in Rajasthan

Guided by the vision of noted philanthropist industrialist Lala Lakshmipat Singhania, JK Lakshmipat University was set up in Jaipur, the capital city of Rajasthan, in the year 2011. According to Lala Lakshmipat Singhania, higher learning and management skills are essential for Indian industry and economy to grow and compete globally. JK Lakshmipat University is built on the pillars of quality education, social service, commitment, dedication, Indian values through design and delivery of innovative and need based training programmes.

Under the visionary leadership of eminent and legendary personalities like Shri Bharat Hari Singhania (Chancellor, JKLU), Dr. Raghupati Singhania (Pro Chancellor JKLU, and winner of the famous TIA Hall of Fame 2015) and Dr. Roshan Lal Raina (Vice Chancellor JKLU; Ex-Professor IIM Lucknow, and a well-respected management thought leader) the university has attained such a stature that the quality of JKLU education system needs no promotion. As a recognition of the excellent quality of education and work done by JKLU, it has been felicitated with distinguished awards and honours such as ‘Indian Education Excellence Award 2012’, ‘Education Excellence Award 2013’, ‘Global Education Excellence Award 2013’, ‘South Asian Academy Award 2013’, ‘Quality initiative Mission Education Leadership Award 2013’, and ‘Best University for Academic Excellence in India’, Award 2015. Continue reading

JK Lakshmipat University, Jaipur (JKLU) & it’s USP

Since past decade, there has been a rapid change in the way global economy and business organisations have evolved. Thomas Friedman in his book “The World is Flat” suggested that today the rate of change in all aspects is much different than it was in the past. On one hand, world is becoming flat at a warp speed and the economic cycles are getting shorter thus posing newer challenges while on the other hand these changes are providing immense growth opportunities. In such a situation it is just a question of identifying opportunities and harnessing them. In this changing scenario, Institute of Management at JK Lakshmipat University, Jaipur (JKLU) established by JK group has emerged as one of the leaders in providing management education.

Under the esteemed guidance of highly eminent individuals like Shri Bharat Hari Singhania (Chancellor JKLU and President of the JK Organisation), Dr. Raghupati Singhania (Pro Chancellor JKLU, Vice Chairman & Managing Director of JK Tyre and winner of the famous TIA Hall of Fame 2015), and Dr. Roshan Lal Raina (Vice Chancellor JKLU and former Professor of IIM Lucknow) the higher quality of JKLU education system needs no promotion. The visionary leadership at JKLU generates a feeling of belongingness amongst students, faculty and staff making the environment extremely comfortable for young minds to focus on learning and experimenting with newer paradigms of management education and practice. Continue reading