Application of MBA in Daily Life

‘Master of Business Administration’ aka MBA is considered as a professional degree which equips professionals to successfully run businesses. Most of the companies recruit huge number of MBAs across different functions like operations, finance, marketing, etc. This degree is considered to be a gate-pass for the corporate world. 

      However, MBA is more than just a degree. It is a training which equips you to diagnose, analyze and solve any problem. The lessons taught in this course go beyond business corridors and impact our daily life. We can apply MBA lessons in various situations of our life. Let’s explore applications of some concepts in our daily lives:

      Time Value of Money: This is basic finance concept which states that ‘Rs. 1 today is more valuable than Rs. 1 tomorrow’. Value of money is also linked to time and it decreases with time. This concept also applies on our attitude of procrastination towards our work. It means ‘Work done today is more beneficial than work done tomorrow’. Delaying things decreases its value. Working hard helps only if done on time.

      Marketing Concepts: Kotler states various marketing strategies for products. It states that marketing of product is very important for commercial success of the product. It also holds true for human beings. We as a person have to market ourselves in society. Our way of communicating, dressing, walking, behaving, etc. impacts our brand value in society. We can enhance our impact and respect in society by improving our conduct and presentation before others.

      Maslow’s Hierarchy of Needs: This theory of HR states that human beings have different categories of needs and they fulfil them in order. Basic needs, safety, self-esteem, self-actualization, etc. are needs to be fulfilled. It helps us understand people and their state of mind. While dealing with our children, friends, clients, family members, etc. we can use this learning to customize our behaviour.

      Resource planning, budgeting, fore-casting, scheduling, inventory management, etc are numerous concepts of MBA which can be directly applied in making our daily lives better. These concepts sharpen our logical thinking and scientific temper. It gives rationale to our decisions. 

      The basic idea is to do things in a systematic and scientific way. Using these techniques makes our decisions robust, efficient and fruitful.

  

Pawan Kumar

Executive Director

Sagar Group of Institution

“Why Choose Engineering?” – An Interview with Dr. Manish Billore

Q.1) Who do you think should opt for an engineering career and why?

A.1) Any person who has even the smallest inclination towards technology, not only in terms of   using the technology, but to create some kind of technology, or to design something or to innovate something must opt for an engineering education.

Q.2) Being an engineer yourself, how would you describe that engineering has come from being an aspiration of the students to just being a ride on the wave?

A.2) I would still agree that up to a great extent that a lot of students are still riding on the wave, and not strongly aspiring to be a good engineer. However, I strongly believe in circumstances, and if God has put you in some situation, then you must try and make the best out of it. So, even if by riding on the wave, you have entered engineering education, you must take full advantage of it, in terms of acquiring good education, and implementing that education practically to give some sort of advantage to the society.

Q.3) So, Even if someone has entered engineering by riding on the wave, engineering is something that one can do to make their career better?

A.3) Yes, I strongly believe that engineering is not only a science, but it is also an art. You will find a lot of people in the engineering education who are very artistic, and they also prove themselves to be good engineers. For example, a ‘Master of Design’ (M. Des.) being an engineer himself knows and practices how to package a product, and how to make that product look better than before. So these kinds of examples tell us that engineering is fit for everybody.

Q.4) Do you feel that engineering students have an edge over the students from other courses when it comes to competitive examinations like CAT or Bank PO?

A.4) Yes, I strongly believe this. And if you look back at the results of U.P.S.C. and Bank PO, you will see that a great percentage of people doing well in these exams are engineering students.

Q.5) What are some skills that a recruiter would expect from an engineering student?

A.5) Everybody must now realize, that engineering according to the syllabus is just the prime requirement. A recruiter definitely looks at the prime requirement, but along with that a recruiter also looks at other skills that a student may possess. So students must work in order to develop some other skills and sharpen those skills in order to better their chances of getting recruited. So be it any skill, for example a skill in design, manufacturing or any software skill, etc. a student must possess a couple of skills over and above the engineering education. Also, the most important thing is the engineering temperament.

Q.6) Some people believe today’s environment to be a barrier for education, blaming social networking sites and movies, etc. Would you agree with this?

A.6) The biggest barrier that a student may face is the “mental barrier”. I was recently discussing with one of the JEE toppers who is from Bhopal, and he told me that he was never away from social networking sites, or cinemas, malls, etc. but despite of doing all this, he never forgot to study or to focus on his goals. So I believe that there is nothing more than a mental block which is a strong obstruction in the way to success.

Q.7) Do you think that private engineering colleges can provide the same sort of educational environment to a student as the government engineering colleges or are the private colleges lagging behind?

A.7) In fact I would say the other way round.  In today’s time, I believe that a private engineering college environment is more fertile, and stronger in terms of resources, and private colleges in my belief are more aware in terms of providing good education, environment, and facilities, to the extent of taking care of the student in the best possible way. Although, government colleges still remain the preferred choices among students, private colleges are not lagging behind in any manner.

Q.8) How important is time management during engineering?

A.8)  It’s not only an engineer, but it applies to every human being. Starting from the childhood itself, and extending up to the old age, time management is very important. Because only by doing things at the right time and in the right manner can one succeed.

Q.9) Do you think personality development is a necessity for engineering students?

A.9)  In fact, I believe that personality development is the key to learning. If you have a good personality, a receptive kind of a personality, only then can you be a good learner. So this obviously means that you must do a lot of work on developing your personality so that you can become a good learner and a good performer.

Q.10) What are your views on today’s engineer?

A.10) Today’s engineer is definitely well informed, and having a lot of resources for acquiring knowledge. Therefore the level of prerequisites in the industry has also increased. In earlier days it was expected from an engineer to join and then learn. But now it is expected that when an engineer is joining the industry, one should have a lot of knowledge and a reasonably good level of skills in terms of engineering. So all engineering students must realize that the requirements of the industry have enhanced and they must respond to those requirements. 

Interviewed by Mikail Naqvi
3rd year Student, Electronics & Communication, SISTec

COMPUTER BASED EXAMINATION FOR PAPER-1 (B. E./B. TECH.) OF JEE (Main) -2014

Guidelines to Candidates

1.     Candidates are advised to reach the venue at least 30 minutes before the examination so as to complete the registration formalities well before the time. Registration desk will be closed 05 minutes prior to the examination.

2.     The candidate must show, on demand, the Admit Card for admission in the examination room/hall. A candidate who does not possess the Admit Card issued by the Board shall not be permitted for the examination under any circumstances by the Centre Superintendent.

3.     The candidates are advised to also bring with them a copy of document (as per following applicable criteria) on the day of their JEE (Main) - 2014 and submit the same to the invigilator at the examination centre. The Candidates have to write Roll No. of JEE (Main) Examination on the copy of the document being submitted in support of class 12^th/Qualifying examination.

S.No.	Applicable Criteria to candidates	Copy of Document required to be brought and Submitted to the invigilator at the Centre after writing JEE Main Roll No. on it.
1	Candidates, who qualified in class 12th / qualifying Examination in 2012 or 2013, and have not opted for improvement of performance in 2014.	Copy of their Final marks- sheet/ marks statement of Class 12th /Qualifying Examination of year 2012 or 2013.
2	Candidates, who qualified in class 12th / qualifying Examination in 2012 or 2013, and have opted for improvement of performance in 2014 in all subjects.	Copy of their Admit card/Hall ticket for improvement of performance in Class 12th /Qualifying Examination 2014.
3	Candidates, who are appearing in class 12th / qualifying examination in 2014	Copy of their Admit card/Hall ticket for class 12th /Qualifying Examination 2014.

This is in addition to the candidates bringing their Admit Card for JEE (Main) 2014.

1.     A seat indicating roll number will be allocated to each candidate. Candidate should find out and

             Occupy their allotted seat only.

2.     The candidate should ensure that the question paper available on the computer is as per his/her

choice of medium. In case, the question paper is in medium other than his/her choice, the same

may be brought to the notice of the Invigilator concerned

3.     Candidates are not allowed to carry any baggage, textual material, Calculators, Slide Rules, Log

Tables, Electronic Watches with facilities of calculator, printed or written material, bits of papers,

mobile phone, pager or any other device, except the Admit Card, identity proof, & document as

mentioned above inside the Examination Room/Hall.

4.     No candidate, without the special permission of the Centre Superintendent or the Invigilator

concerned, will leave his/her seat or Examination Room until the full duration of the paper.

Candidates must follow the instructions strictly as instructed by the Centre Superintendent/Invigilators.

Instructions for Computer Based Examination

CBE is a Computer Based Exam which will be conducted using the Local Area Network (LAN) to make it safe, secure and un-interrupted.

The Computer Based Examination will be conducted as per the following schedule:

1. The candidates must sign on the Attendance Sheet at the appropriate place

 2. The test will start exactly at the time mentioned in the Admit Card and an announcement to this

     effect will be made by the invigilator.

3. The test will be of 3 hrs duration.

4. The test paper will be consisting questions of Physics, Chemistry & Mathematics and all questions will

     have equal weightage.

5. There will be three parts in the question paper consisting of Physics, Chemistry and Mathematics

     having equal weightage.

6. Each question is allotted 4 (four) marks for the correct response. ¼ (one fourth) marks i.e. one mark

    will be deducted for indicating incorrect response of each question. No deduction from the total

    score will be made if no response is indicated for a question.

7. There is only one correct response for each question out of four responses given.

8. The candidate can review or re-answer any question at any point of time during the examination. The     

     candidate can change the option of the answer during the exam duration and it is one of the most    

      important feature of computer based examination.

9. There will be a panel on computer screen showing all the question number in different color scheme which will indicate which are the questions answered, left un answered and marked for review.

10. All calculations/writing work are to be done only in the rough sheet provided at the centre and on

       completion of the test candidates must hand over the rough sheets to the invigilator on duty in the

       Room/Hall.

11. During the examination time, the invigilator will check Admit Card of the candidate to satisfy himself/herself about the identity of each candidate.

12. The candidates are governed by all Rules and Regulations of the Board with regard to their conduct

       in the Examination Hall. All cases of unfair means will be dealt with as per rules.