5 ways to Create a Compelling Project: Using Structure for Effectiveness

A good project report has proper structure and style; having a clear structure helps you to pen down your points effectively. A good project can have a top-down approach which means you state the main point or the gist of all points first and then substantiate or reinforce the point which is made. Of course, a lesser-known, but an alternative approach is the bottom-up method  which helps to support the point which is made at the end. Both the methods can be used to create a compelling project. Let’s help you with 5 tips which can help you further.

Think about a content heavy title

Always opt for a content-heavy title  and name the subsections  which allow the readers to know and understand what is going to be discussed. A content heavy title supports the ‘top-down’ approach. The title is the main point and the text will explain the main point. Naming the subsections will help the readers to understand your point better. For instance, ‘a heavy title’ does not convey any meaning; instead ‘think about a content heavy title’ helps the readers to understand that the discussion is about creating an effective title for the project.

Maintain a table of contents

Making a table of content or indexing your content is the best way to elaborate on the ‘top down’ gist of the report. This is good for readers as they can go through the table of contents and read selectively from the report. A table of content is the first glimpse of the project, which means that it should be carefully written. You do not want your reader to get a false impression about the project; they should know what they can expect from the report.

Good language and a nice style of writing

The idea of a project is to convey everything to your reader effortlessly. Go for simple and easy-to-understand language and be careful about grammar, spelling and punctuation. Mistakes in these areas create a bad impression. Instead of making the sentences complex by using passive tense, it is better to write everything in active tense.

Always proceed in an orderly manner

Always remember that including interesting facts and engaging data will solidify your point or argument. After you have finished everything else, you should write the Executive Summary. The report should have an Introduction, a Body and a proper Conclusion. The reader should not have any hiccups while moving from one point to the other. The reader should find a logical progression of the argument that you plan to establish.

Revise and review the content

Although this may sound as if you are in an examination hall, the fact remains that once you are done with the project, you should review and revise the entire content. Do this once, put it away for an entire night and then come back to the project again. Go through it once more; if possible you can ask someone else to review it for you. A fresh pair of eyes can often find out mistakes, that you might have missed.

Take all the above-mentioned points into consideration before starting your project; it may help you to avoid some commonly-made mistakes before submitting the final project.

4 Tips to Excel in your Internship

Before you start your internship, think carefully about what you expect to learn from the experience. When you have a clear idea about what you expect to get from this internship, it will be a win-win situation for you. An intern gets an opportunity to develop skills, explore new areas of interest and gain exposure to the big world of corporates and learn from the professionals.

Do not pose as a know all

As the new kid in the block, you need time to blend into the work culture. Every organization is unique and you need to groom yourself to be heard. There will be ample time in the future for you to speak up and suggest improvements. Do not speak too quickly or pose as the Mr. Know All. Rather try and build your personal brand and try to tell your manager how your ‘brand’ can help the organization. First you need to learn about why the organization does everything in the way they do. Use this information to help your future workplace.

Hone your networking skills

Remember to keep in touch with everyone you met during your internship; you will definitely need them in future. Ask them if they are part of a professional association and find out how it can help you to increase your skills, knowledge and association. Notify the people in your network about your success story. If you had a performance review at the end of your internship, be sure to include them in your resume as you share it within the network. Keep a running list ready to ensure that you do not miss any vital points. Thank them for your counsel; people always want to hear the good news.

Do your homework before the internship

As a mandate, you must research about the company for which you will be doing an internship. You should refresh your memory the night before you start and if possible do an additional research about the company’s culture and history. This kind of preparation will boost your confidence. Those who have a general understanding of the industry, the company and their achievements, will appear to be more knowledgeable and sound. You can actually keep a Google alert for the organization to track any recent press release.

Treat it as if you are on a real job

If you want your employer to take you seriously, you must treat your internship like a real job. Always understand that this your first stint with the big world of the corporates. Do not miss any opportunity to learn a new thing and always try to create an impact on your organization with your work. Remember you get an opportunity to learn in a real-life environment and your decisions, mistakes and contribution will affect real people.

Making a Business Pitch: Top 3 Things to Know

What makes a pitch excellent and sets it apart from the rest? It seems that some of the best pitches share some essential qualities and if you include those points in your pitch, it may stand a chance with the investors. A great pitch can bring valuable partnerships on the table; and along with the partnerships it will bring some valuable financial incentives. Let’s talk about the top 3 things that make a business pitch effective.

Do your homework well

Before making the final presentation, you must do your homework well. Gather information about your investors from all possible sources like social media accounts, company profiles and study the bios of every single person who will be present for the presentation. You need to adapt your business pitch according to your investors.

The first few minutes of the presentation is extremely crucial. Always remember that it is easier to keep momentum with a good pitch than straightening out a bad pitch. If possible, begin with a real customer story where the problem was solved due to your service or product. Use real names with real customer challenges; keep it simple . People always remember stories, so if you pairing your pitch with a story, you stand in an advantageous position.

Practise makes a man perfect

The adage is true for a business pitch as well. Practise your business pitch before real people before appearing before the investors. Refine your pitch so that people are compelled to listen to you with rapt attention. While practising, if you find someone who could not grasp what you are communicating, it is time to make a few changes. Ask them to repeat about your business model and what they think about the entire approach. You will know where you stand. Your business model should be able to define clearly how your idea is economically viable; your business model should be able to answer what you sell, to whom you sell, how do your customers pay you and how much do they pay you.

Address your competition

During a business pitch you should never say that you ‘do not have any competition’. This is a huge mistake, because everyone has competitors even if it is an indirect one. One of the most effective ways to illustrate your competitive landscape is by creating a matrix format to present the differentiators. Your potential investor should have a clear picture of where you stand and how you propose to be different from your competitors and peers.

Think about these three points carefully before making an actual business pitch.

Top 5 Reasons to Study in BIBS

Who doesn’t want a high salary after graduation, get a top management position or own a business of their own? If you are ready to enter the competitive business world of today, an MBA degree will give you a gamut of advantages, especially when it is offered by a top business school like BIBS. Here are top 5 reasons to study in BIBS and earn a coveted position in the big world of corporates.

Dynamic Courses Helping Students to have an Edge over their Peers

It is a tough world out there. Students have to be armed with knowledge and equipped with expertise to face the big business world. The courses offered in BIBS like PGPBM and MBA, PGPIBM and MBA and PGPFM and MBA are designed in such a manner so that students can benefit both from classroom teaching along with practical work. The PGPFM and MBA is a collaborative programme offered by BIBS and NSE Academy where students are exposed to various insights by leading academicians and financial experts to capitalize on opportunities in financial management.

BIBS Creates All-rounders

Before the students are absorbed in various companies, they are given an opportunity to explore their full potential at BIBS through various platforms. Along with their curriculum which is designed to help students excel in their individual disciplines, students are also given the opportunity to understand the world of business. Events like Brand Wars and USP help students who want to be entrepreneurs; it is their first experience of launching a new product or selling a unique idea to their potential investors. Passport is a group discussion competition, where students are pitted against each other before their summer internships. While OLE is an outdoor learning event where students are encouraged to go out for team bonding, A2A helps to hone their presentation skills.

Tie-ups with Prominent Companies

The students of BIBS have access to information services and business management for advanced research and different management journals of IIM-A’s National Information Centre of Management.  With the tie-up with the NSE Academy, the students of BIBS have custom-made courses on financial management and get to learn from not only NSE, but other reputed finance companies in this programme. Among the many prominent companies, BIBS has tie-ups with Oracle for ERP, PwC where after completing the internship, students get the opportunity to apply for final placements. Some of the other reputed names in this segment are Reliance Money, KPMG, MDIS Singapore, NEN and TiE.

Proper Placements with Various Leading Brands

https://www.bibs.co.in/

BIBS have been consistently ranked among the best; it is one of the top 20 business schools in Eastern India as found in a survey conducted by The Times of India B School Survey. In 2016, BIBS has been awarded as the Management College of the Year 2016 for Excellence in Placements which is awarded by the Higher Education Review. It has been recognized as one of World’s Greatest Brands 2015. Students of BIBS have been absorbed in some of the most prominent brands of the world like ICICI Bank, L&T Finance, Merico, Google, Asian Paints, ITC, Dabur, American Express, IndusInd Bank, Britannia, and PwC.

Strong Network of Alumni

The new students at BIBS can connect to the strong alumni network and get acquainted with their successful seniors who are now in prominent positions in some of the most reputed brands. New students get a chance to connect with both industry experts and alumni through a single platform.

 

5 Career Options after an MBA Degree

It is a known fact that going to a business school will definitely boost your career prospects. It will not only give you an edge over competition, but will also ensure that you have a good package. Let’s take a quick look at 5 of the popular career options after an MBA with specializations in Finance, Marketing, Operations and Human Resource. From entrepreneurial ventures to senior roles in management, there are quite a few options for an MBA degree holder.

Management consultant

One of the key responsibilities of a management consultant is to solve problems. As a consultant, you will have the option to work as a freelancer or with a consultancy firm. The salary package is extremely good, and once the business insiders know about your capabilities, you will be the most sought-after man in the corporate world.

Finance analyst

After you have gone through the rigorous curriculum of the B-school, your analytical skills will be greatly enhanced. In a business school, you are taught to examine case studies which help you with your financial knowledge. These will only help you to prepare for the job role of a finance analyst. Finance analysts are quite sought-after people because they help to assess and analyze the financial risks involved with a particular business proposal. They are the ones who will calculate the risks and also document ways to mitigate them in mergers and acquisitions. People in this job profile are responsible for research and analysis of data, and should be able to create sustainable financial models.

Brand Managers

One of the newer profiles in the market, the job of a brand manager is to build a brand from scratch. An off-shoot of marketing management, the brand managers should have an aptitude for digital and internet marketing, online brand reputation management, business management. They should have a thorough knowledge about SEO, software and the latest technological developments. They must be able to understand how they can drive sales through digital marketing. Extra knowledge about Adwords, Adsense, social media marketing and SMO is also required.

Logistics Managers

Those who have specialized in demand and supply chain management will find this job profile suitable. In a larger organization, they are part of the operations team and ensure that the cargo operations are executed effortlessly. They are the ones who are responsible for identification, investigation and resolution of conflicts in case of theft or loss of goods or products. They will review and inspect the payment details of products and ensure that all invoices are in place. In other words, they will oversee the end-to-end delivery of goods and products of an organization.

Human Resource Managers

Every organization has a talent pool. And the regulating forces of that talent pool are the HR people. In other words, they are people managers who look after the welfare of the human resources of the organization. An organization cannot run smoothly without a good HR team. They are involved in recruiting, training new joinees, advising on pay issues including promotion and other benefits. A human resource manager must be updated with areas like employment law which evolves and changes with time.

Why should you opt for a Management Degree?

Did you know that 90% of employers prefer people with a management degree from one of the reputed institutes? A management degree is way more than acquiring knowledge; management education gives you an edge over others. You can apply to any company of your choice and earn a lucrative salary package. A management degree essentially puts you in the same bracket as the leaders of the company. If you are aspiring for a leadership position, a management degree is a must.

The ultimate career growth

Most management students are extremely well-trained and well-equipped to handle the various nuances of the business world. A few years of experience in the corporate world and you can earn a lot more you can imagine. Armed with a management degree, you have the confidence to take on the world. A clear difference can be noted in the approach of an ordinary graduate student and a management graduate. Before he/she steps into the real world, a management student is exposed to debates, case studies, and presentations. They are thoroughly prepared to handle clients, deadlines and tough situations.

Enhancing your people management skills

A company with a good HR or Human Resource Team can achieve a lot; it is the people who are the driving force of an organization. When you opt for a management course, you are taught about people’s behaviour, different dynamics of an organization, how to deal with a stressful client, the right attitude for a workplace and are trained to deal with difficult people. In other words, the course helps you to enhance your people management skills, especially when you are working in a team. You cannot get maximum productivity unless all the members of the team start functioning in the right manner. And that’s when a management degree comes handy.

Often work experience is not enough

Many might nurture this conception that their experience in their chosen career path will help them to proceed further. It is not possible to learn everything from experience alone. In the world of management and business, strategies, theories, job insights often surpass the benefits of experience. Often when you gain experience in one particular zone, you may be severely lacking in another area. The purpose of a management degree is to provide an all-encompassing overview of all the spectrums of business. It will help you to gain a top view of the wider world.

Are you lacking the insight of peers and mentors

Among the many benefits of going to a management school, one is to create a strong network of friends, peers and alumni. The benefit of a management degree goes further than the information you receive; it essentially includes the insights and interaction from fellow students and your seniors. They often have plenty to offer from their own understanding and experiences. In any business school, networking is one of the most important aspects of the entire process. As you enroll for a management degree, you will soon understand what you have gained from your peer group.

If you are still debating about the benefits of a management degree, it is good to remember those who strive for betterment can reach the top!

Tips on your First Job

Now that you have the coveted offer letter in hand, and you are all set to explore the big world of corporates, you may hear a tiny sound of self-doubt in your mind. It is a small harmless question. Am I ready for this big gig? Well, you are never ready for the drill, your first job unless you actually start working. Here are a few survival tips for your first job.

 

Although this may sound extremely futile to you, but your wardrobe may have the capacity to damage your reputation at office. Building a wardrobe from scratch is not really easy; but if you have a budget, you can go for essentials like a proper suit, a good pair of black shoes, some nice ties and a pair of decent shirts. A well-dressed man has rarely failed to create an impression.

It is not easy to accept a new girl or guy in office; the first few days can be quite lonely. What can do to break the ice with your co-workers? It is always good to have a honest conversation with your co-workers. Honesty never fails; you can have your lunch together or take coffee breaks at the same time. Building relationships at work isn’t easy and you might have to try a bit harder in the first few days.

One of the most impressive ways to strive for excellence in your job is to continually improve. Take every feedback as constructive criticism. See what your managers and your co-workers have to say and actually use them in your work. As you continue to improve, your boss is bound to be impressed as he sees the feedback put into actions. If you have an idea, do not be scared to improve efficiency. If you have any idea which can give a financial boost, let your boss know about the idea. Increase the chance of it being executed flawlessly by presenting your idea in the form of a plan.

Find your go-to person when you are on your first job. Forming a mutual beneficial friendship which can help each other to thrive in office is a good survival strategy. This go-to person may not necessarily be in your department, but should be the one who always comes up with the most brilliant ideas even in the 11th hour. When you need to get things done at office, it is always good to be in some helpful and useful company.

Redefine your Career in 5 Easy Steps

A goal cannot be attained unless it has a purpose and is treated with urgency. You cannot have an aim or a goal and simply not do anything about it. You need to work with fervor, stay motivated, chalk out a plan, face crisis with the right attitude and evaluate new opportunities as they come your way. Professional development is a by-product of careful planning. Here are 5 ways in which you can redefine your career.

Are you facing procrastination?

Is there something which is holding you back from the next level of success? Often we have limited mindsets and beliefs about success, money, our worth in life; for many people these boundaries become a problem. This lack of confidence or a belief that ‘they are less’ than other people can often be detrimental for growth. Unless you let go of what you are doing, you will be stuck in a small world. Are there are any negative patterns in your life which are repetitive and you keep on ignoring them thinking that it is better to be complacent than to change? Ask yourself if you are participating in sustaining these patterns and can you do something concrete to shift the dynamics?

Think of whether you want a big or small change

Most career moves are subtle and can be as simple as transferring from one department to the other. But if you are facing a mid-career slump, then you really need to think about change in a big way.  This might mean switching to a different organization or go for an extreme career change. Rethink your career options; build on your existing skill set and try to reinvent yourself. It is up to you whether you need a small or a big change in career.

Turn your obstacles into strengths

Where should you start? An ideal way would be to jot down your strengths first. Maybe your mentors can also help you to identify areas where you already excel or are likely to excel. For instance, if you feel that you have no impetus to work in your present organization, begin by defining an ‘ideal’ scenario and how you picture yourself in that scenario. Does your existing skill set allow you to fit in? Or are you in a disadvantage because you lack a certain skill set that is in demand in that particular area? Consider an online course which are designed for professionals; they are either free or quite reasonable. Bemoaning of what you don’t have is simply a waste of time. Instead focus on how you can make yourself valuable.

The art of letting go

It is good to remember that in this fast-paced ever-changing world, nothing is exactly permanent. There is no way that you can decide to stick to a particular organization for more than a substantial amount of time. Do not allow complacency to set in. You need to understand that there will be a time, when you need to step aside and let others take your place. It is a strategic decision and although for some it becomes incredibly difficult to let go, it is actually one of the best ways to move in your career. There should be new roles and new challenges to excite you. As the world evolves, you should evolve too.

Redesign your goals

Just because you had a set of goals in school, does not essentially mean that they will be the same when you are in college. People change, so do goals. There should be enough flexibility to design and redesign your goals. Nothing is permanent in this world, so in case your Plan A does not work, there are 25 other alphabets!

4 Tips to Follow to Ace in a Group Discussion

Every aspiring MBA student has to face group discussion as part of the interview process. A group discussion essentially stimulates a meeting-like environment which the students are going to face in their workplace. This orchestrated event gives a glimpse of how the students can perform within a group with their peers. It is their first test in leadership qualities. There are many who might want to hog the limelight, some remain silent, while others are more than happy being wallflowers. Instead of being a passive listener, or an over-enthusiastic participant, you can actually balance your behaviour in a group discussion. How? Let us give you 4 tips.

Listen first, and then react. It is imperative that in a group discussion, you should listen keenly, exercise your judgement and then open your mouth to say something. This exercise is meant to showcase your skills at listening, comprehending and finding solutions for the given problem. It is not essential to speak just because you need to; say something substantial to add value to the discussion.

In case of group discussion, the first impression is often crucial. Make sure, that you create a lasting impression. Sit straight, and always make an eye contact while talking to someone. Also, before you make your point, listen attentively to what others have to say. Three things you should always avoid in a group discussion: your facial expression should never show that you are unmindful, it is best not to be too animated and never fidget with your fingers or pen when someone else is talking. These three things will immediately give a wrong impression to the panellists.

It may happen that the point that you were going to establish just got stolen by someone else. You feel that you are losing control of the situation, because someone has spoken before you could. Does that mean that you scream your lungs out to establish your point? Or simply panic and destroy the rest of the interview? Remember that the panellists want to know how you behave in a tense situation. You will lose half the battle if you lose your composure. Take a two-minute breather and swing back right into the discussion, as if nothing has happened.

To substantiate your point, you can use examples and quotes. Figures are hard to remember, but if possible rack your brains to get the statistical data right for your point. The panellists will definitely take note of this. Using statistical data to corroborate your point will actually give you brownie points.

If your past group discussion has been a disaster, here is a chance to make it right. It is time to learn from your past mistakes.

Can Performance Management Improve Customer Service for Businesses?

The skilled workforce is the lifeblood of every organization; the right people can take the organization ahead. Unfortunately, most of the organizations treat performance management as an yearly event. Companies which on the contrary review or revise their goals on a quarterly basis boast of an above-average financial performance and do really well as compared to their competitors. Performance management is more than just employee achievement audits. Organization needs to work on an ongoing management cycle where employees are given ongoing support to do better.

In most cases, it is seen that the employees do not have a clear understanding  of what they are expected to do. They should have the clear vision of where they exactly fit into the company and how they can effectively contribute for the overall success of the organization. A manager should always align the workforce with higher organizational goals. This will make the employees feel more responsible and allows the individuals to have more onus about their work. Unless the personalized objectives are aligned with greater organizational goals, the organization cannot move forward.

Employees should be recognized for their achievements. If an employee has unexpected appreciation, it will go a long way. With a reward and recognition program in place, it is easier for the organizations to retain employees and engage them effectively in business. The process of performance management should never be treated in isolation; managers should have an integrated approach for employee learning. An evaluation process can be effective only when it is used as an instrument for growth.

If an employee is given feedback, it should be specific. Also, one must remember that a feedback works best when it is related to specific goals. This is the best way to tell the employees if they going on the right path. An employee should understand that feedbacks are not criticisms; rather they are channels of communication which should be presented in such a way, that the feedback should sum up what an employee did right and then identify what exactly needs to be improved in the future.

In order to have regular interactions with your employees, it is imperative that you develop a sound structure to record the goals, monitor performances and open up communication channels between employees and managers. There are some organizations like GE which has developed an app where managers can deliver more regular feedback to their employees.

There are instances of companies which have thrived on a 360-degree feedback system. Here employees receive anonymous and confidential feedback from their co-workers. This online process ensures that the identity of the feedback giver is never disclosed. With this evaluation process, it is easier to understand the strengths and weaknesses of every individual. This feedback encourages the staff to be more productive and efficient.