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The Profitability Of Business Management Education From Foreign B -schools In India

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The reinvention of global business education may just be in India. The business school sector is booming and many future CEOs graduate from B-schools like IIM or ISB. Leveraging the lessons learned by the Western world’s business schools, Indian B-schools are creating a niche management education system that will prompt economic growth. This has given them a unique opportunity to become the ultimate state-of-the-art laboratory for global business education innovation.

Many foreign universities are finally seeing the light and are collaborating with Indian institute and are sharing their experience. Some examples being Oxford, Cambridge, Harvard and Wharton and now adding to the repertoire of foreign universities is Wigan and Leigh College which is a Manchester based college now forming ties with India in Pune, Nagpur and Bombay.

There are many advantages of having an education especially in business management from a foreign university. Although India has produced some of the best entrepreneurs from IIM and IIT and other such institutes, most of them don’t have a global perspective to how business works and have learned the hard way.

Giving the students an education with global perspective will not only give the advantage of an international level education in India, but will also help in the prevention of brain drain phenomenon, retaining the best talent in the country itself. The Indian economy will also remain stable as the money utilized by the foreign universities will be spent on the development of courses for the Indian students.

The Wigan and Leigh campus in Mumbai offers a prime business management program for students who cannot afford to or would not prefer to go abroad and complete their higher education. Not only does the college has world class faculty with years of experience and foreign exposure in various sectors like fashion, advertising, business management, media and design but it also offers to train experienced professionals who want to gain a perspective on global business opportunities.

In business, the aim is expansion, and elimination of competition. If the senior management has a fixed and logical strategy they will be able to effectively guide their employees towards a brighter future, both for the company and employees. Indian B-schools do not only teach management education but they teach ethics and human resource management in order to actually understand their employees.

India has emerged as the second-largest producer of management graduates in the world with more than 100,000 graduating every year. With many entering this field, this number is expected to go up further. This trend started with Indian B-schools opening up campuses abroad to cater to the demand of Indians settled abroad. A number of B-schools are setting up offsite campuses in the Middle East and South East Asia. In the Middle East, Dubai is a favourite location for Indian B-schools, considering that it is home to numerous Indians as expats or workers.

The Importance of Taking Immediate Action

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What makes some people a success in attraction marketing, network marketing and/or internet marketing vs. others who struggle? People who are willing to take risks and very bold action are the ones who get the rewards. As long as you keep shooting, eventually you’ll score.

Og Mandino’s essay on taking action highlights the importance of taking immediate action. How much kindling have you put in the fireplace at this point in the year, as the fourth quarter looms into sight? What about the Christmas presents and next year’s vacations? Do they depend on achieving your goals? It is important to realize that lack of action has real consequences.

A lot of people who say they want to earn $10K per month, having never reached this level in their life vastly underestimate what is needed. That is because most saying this have never reached it, based on their own actions. Earning $3-5K monthly takes significant action, but what most don’t realize is that their $10K goal will take massive action.

Many people operate from a “comfort zone.” Whatever their current earnings level is is a reflection of their current comfort zone. Do you have the desire to break free from this level and devote the massive action necessary? Are you willing to act right now?

The difference between people that are rich vs. those facing poverty is also the willingness to take actions. Some have a fear of what those who they contact about their business or products will think? Does it really matter what people are saying about you? Stop procrastinating and making excuses and get the things done now that will move you forward. The only person who is stopping you is the person in the mirror. Recruiting and product sales are the only two ways to increase your bank account. What have you done lately that directly contributes to these two actions?

Successful entrepreneurs reportedly have the same emotions that you do. There isn’t a single phone call that they make that they really would rather not. The only difference between them and you is that they don’t listen to the “inner voices” and critics and just do it anyway, consistently, over and over until they reach the goal. Is this your year (or quarter) to break through and finally achieve success through massive action, no matter how uncomfortable you feel in the process? Take action now and bring it to pass

Perfectionism is Debilitating When You Have Bipolar Disorder

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Learning to Thrive with Bipolar Disorder

Many of us want things to be just right, but when it crosses over to needing to be perfect all the time, it becomes an impossible ideal that can never be reached. That becomes very frustrating and exhausting. What is “perfect” anyway, is it what you believe or what someone else believes? This becomes even more exhausting if you are trying to keep up with what is perfect for someone else like your mother-in-law or maybe even your own mother. If someone else is driving you to be perfect, you need to stop letting them rule your life.

Once you have got all the other “voices” to stop pushing you to perfection, you then just need to work on yourself. Sometimes “Good Enough” is good enough. So what if you have a few spots on your dishes after they’ve been run through the dishwasher? Unless you’re having a major event or party going on, let it go, it’s good enough. So what if your house isn’t spotless and completely cleaned top to bottom? When you are in a depressed state, it’s hard to get out of bed sometimes, much less clean everything. So quit kicking yourself when you’re down. Your house doesn’t have to be perfect all the time.

What other areas in your life are striving to be “perfect”? Finances, relationships, health, education, and your job are all areas that are important , but you don’t have to strive for perfection. Perfection is only an ideal that someone has arbitrarily set for themselves. What is good enough to be satisfactory may vary from person to person, but it should not drive you to a point of hopelessness because it’s not just right. It is okay to lower your standards. You may not get the highest grade in the class, but a “B” is still a worthy grade. So what if you are not the top athlete at the gym; if you are working on your goals, then it’s good enough. If you have goals that you are working on, whether it’s just to get out of bed today and take a shower because you are depressed, or to lose 25 lbs this year, then you are already ahead of many people that aren’t moving forward in their life. And those of us who have bipolar disorder, may have to shift our goals day-by-day when we are either depressed or manic. Depression slows everything down so go easy on yourself if you are in that state. On the other hand, being manic usually has us going in 100 different directions with no real progress on any one goal. Then we get depressed again and feel overwhelmed because we have 100 different unfinished projects. Sometimes, you have to let 90% of those go and focus on the ones that really matter. But remember that you only have to work on good enough. It will make you feel better in the end to get 10 things done at good enough rather than 1 thing done at near perfection.

I hope you gained some useful insights, and for more information visit me at www.thrivingwithbipolardisorder.com

You can get my eBook at http://www.shop.thrivingwithbipolardisorder.com

Contact me at

Follow me on twitter at www.twitter.com/thrivingbipolar

I wish you the best in all your pursuits.

Author: Cassandra L. Good, MA

Strategic Reasons Why You Need A Business Management Team

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I have watched or listened to several successful entrepreneurs and drop out billionaires being interviewed. I have read several business books and studied the business success strategies of famous entrepreneurs; and they all seem to share one thing in common. They all attribute their rapid business growth to their business management team. Now why is a business team important to an entrepreneur? Why should you build an in-house business management team when you can always seek external advice? What impact will a business team have on your business?

These are usually the questions I receive when I discuss the importance of having a business team with my protgs. You may be a small business owner operating a mom and pop shop but I still want you to know that you need a business team. It may not be your short term goal but you need to include it in your long term plan.

“Individuals don’t win in business; teams do.” – Sam Walton

No successful entrepreneur assembled a business management team in a day; it’s a process that can take as long as ten year before the perfect team assembles. Finding the right business team is definitely not an easy task and it is one of the ten major business challenges entrepreneurs face when starting a business. Now why do you need a business management team? Well, below are ten strategic reasons why you building a business team should be your long term goal.

Ten Strategic Reasons why You Need a Business Management Team

1. Raising Capital: One of the key reasons why startup entrepreneurs don’t get the venture capital is because they are trying to raise capital alone. A business mentor of mine once said that venture capitalists prefer an average product with an excellent business team than an excellent product with an average business team. If you should consider this statement; you will come to acknowledge that it’s the truth in its entirety. A business team is vital to the process of raising capital for your business; in fact, it increases your chances of securing the capital. Show me an entrepreneur that raised billions of dollars in capital and I will show you an entrepreneur backed by a strong business management team. Just like said in the investment world; money always follow management.

2. Taking advantage of new or existing opportunities: Having your own business management team will give you the leverage to take advantage of business opportunities effortlessly. A business team will be your eyes, ears and nose in the business world; they will not only help you sniff out opportunities but will also help you create opportunities out of thin air.

“A business idea is just another idea. But an idea backed by a strong feasibility, a thorough business plan and a smart team is no longer an idea. It’s now a solid business opportunity worth pursuing.”

3. Strategic business development: Do you want to grow your business from the inside? Do you want to strengthen your bottom line? Then build your own business management team. Strategic business development is not the doing of an individual but a collective effort of a business team. Employee performance programs, staff motivation and operational excellence are part of the duty of a business team.

4. Rapid expansion and growth: Take a close look at companies that grows rapidly and stands strong in times of economic recess and you will find a strong business management team behind such companies. The massive outside expansion of any company is the handiwork of the business team. An entrepreneur visualizes while the business team draws the plan; critique the plan and executes the business plan. For instance, take a look at the rapid acquisition move taken by Oracle Corporation; buying up a total of 57 companies within five years. That’s the power of a good management driven company.

5. Business leverage: How is a company able to operate successfully in different sectors of the economy? How can an entrepreneur successfully run a business conglomerate? The answer is leverage. The leverage of a business team is the reason successful entrepreneurs became billionaires effortlessly. Leverage is the reason why entrepreneurs such as J. Paul Getty and Carlos Slim Helu are able to run over 200 companies without burning themselves out. The leverage of a business team is a form of intellectual leverage. Just as a man is known by the friends he keeps; so is a business respected by the management team it keeps.

“Successful businessmen share the ability to hire people smarter than they are.” – Dillard Munford

“People are definitely a company’s greatest asset. It doesn’t make any difference whether the company’s product is cars or cosmetics. A company is only as good as the people it keeps.” – Mary Kay Ash

6. Increase confidence of the investors: Just like I stated above; money follows management and who provides the money? The answer is the investors. Nothing inspires or boosts the confidence of an investor than the professionalism of the business management team piloting the affairs of the company he/she invested in. Have you tried raising capital before? Have you tried sourcing for contracts before? Have you tried sending a business proposal to another company before? Have you ever tried selling a business before? Or better still buying a business? Have you ever taken a company public before? If you have engaged in any of these acts; you will come to accept the fact that one of the most popular questions investors ask is this:
Who is on your team?

Who on your team has taken a company public before?

Who on your team has experience in business management?

The questions above are real life questions asked by investors because they feel comfortable hearing the fact that the managers of their investments are competent.

7. Increase the entrepreneur’s credibility and competence: Observe the words of successful entrepreneurs and drop out billionaires carefully; and you will see that they attribute much of their success to their team. Have you ever wondered why some drop outs end up successful business owners? The reason is because they built their business on the shoulders of intellectual giants; who happen to be members of their business management team. An entrepreneur can never know it all and that’s why he/she relies on the calculative initiative of the business team. Show me an entrepreneur backed by a weak business team and I will show you an incompetent entrepreneur. So if being recognized as an entrepreneur of credibility and competence sounds good enough to be added to your resume; then build your own in-house business management team.

8. Strategic innovative thinking: Innovative companies are usually companies driven by a strong management team. Observe companies such as Microsoft, Apple, Oracle and Sony; and you will come to realize that these companies have being built, driven and sustained competitively on innovation. Now who are the engineers of innovation? It’s the business team; the brains behind the company. Tactical approach to issues, detailed competitive analysis and strategic thinking are benefits derived from having your own business team; so would you rather not have one?

9. Critical problem solving: How does a company survives a recession? How does a company survive in a fierce market? The answer still lies in the team. Entrepreneurs are known as critical problem solvers but I also want to add that problem solving is a product of collective strategies and ideas put together by a group of individuals; and such individuals in this case is your business team. Critical problem solving is the reason why teams go on brainstorming sessions. Now tell me, how do you create a brainstorming session when you don’t have a business team? I leave that for you to answer.

10. Increases the value of the business: Value appreciation is the last but not the least reason why you need a business management team. One of the most important assets of a business is the management team because with a good business management team; every other asset can be synergized into yielding positive results for the company. The reason why I call a business team your most important asset is because other assets are easy to create or control once the right business team is in place. So instead of focusing on improving your lifestyle; acquiring investments individually or running your business solely, I will advice you first build a business management team and the rest will fall in place.

Improve Efficiency Of Your Operations With The Latest Business Management Solutions

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In a perpetually changing business environment, companies operating in different industries require scalable solutions that can contribute in increasing the productivity and eliminating any kind of inefficiencies to increase their profitability. Whether you are in the retail industry, hotel industry or restaurant business or any other corporate field, you need solutions that maximize productivity, reduce operational costs and generate quick results. The latest business management solutions can go a long way in ensuring that you achieve all this within your budget. From accounting to sales and property management, everything can be carried out using the right combination of hardware and software systems.

In countries like Australia, it has become very common to see major players of the hospitality industry making use of the latest accounting systems and point of sale solutions to better coordinate their operations. Restaurants, cafes and bars etc. make use of restaurant POS systems as these considerably reduce the man-hours and help in serving fast & accurate orders to customers. Moreover, there are several innovation based companies in Australia that manufacture accounting systems for hotel Point of Sale and motel of sale so that the cash inflows and outflows can be handled with the highest level of accuracy. Not only can the accounting systems Hotel Point Of Sale help in reducing data entry errors but also save considerable amount of time and money.

Today, hotels, resorts & restaurants have the option of getting customized Point of Sale solutions designed for meeting the specific requirements of their businesses. The business solution providers first assess the needs of the hotel or motel in question and then suggest a combination of hardware or software that can best fulfill their requirements depending on the scale of their operations. Apart from the accounting systems and motel point of sale solutions impeccable property management software can prove to be ideal for managing reservations, group bookings and even multiple tariffs. Since the entire process is automated there is no scope of manual errors, missed reservations, double bookings or guest charges.

Even the costs incurred by an in-house guest on accommodation, telephone, at bar or restaurant, and room service can be seamlessly tracked and processed using an accounting system Point of Sale. Using the latest software restaurants or bars in a hotel can instantly transfer the in-house guests costs to their room accounts. Property management software can help in managing Transaction Packages, Multiple rooms per booking, corporate activity tracking, floor plan display, maintenance tracking and even mailing list management. Therefore, if you are an aspiring player of the hospitality industry in Australia, bring the desired amount of efficiency in your operations using the latest business management solutions.