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School of Management Studies Punjabi University, Patiala Volume 1, Issue 1 November 2010
BUSINESS RESEARCH & RANDOMNESS
(Questioning the Answers)
t If Bush hasn’ 50 died in last years, he will t not die in nex 50 years.
From Heads Desk
ast few years have witnessed phenomenal growth in the field of management education in India. Although the number of management schools has grown manifold yet only those which have been able to keep pace with changing environment. School of Management Studies was established in 1969. We are one of the oldest schools in the country and boast of keeping our curriculum and facilities in the most modern and updated fashion. We have been getting the benefits of faculty and student exchange through our understanding with various international universities. Beside other activities, house journal and newsletter is an initiative of the students outside their normal curricula. I feel very happy to know that the students of SMS are coming out with a newsletter that exhibits departmental activities. I wish the students a great success in the endeavor.
- Dr. A.S. Chawla (HOD - SMS) BOOK REVIEW
“THE LEADER WHO HAD NO TITLE” BY ROBIN SHARMA
In this dynamic world, students cannot restrict their knowledge to classroom teaching only. They have to come out of their cocoons to prepare themselves for this competitive world. And this Newsletter is a platform which gives students a chance to express their views. We might be late in bringing out this issue, but I am sure that from here onwards “MAGNATE” will be the regular feature of SMS. Congratulations to the Team Magnate and all the students of SMS. This is their endeavor which is instrumental in bringing out this edition. All the best, but remember this is just the start and still miles to go……..
- Er. Sahil Raj (Asst. Prof - SMS)
Alumni’s Column Cover Story 10 Secrets of Successful Entrepreneurs 2-3 5-6 9
Time to Wakeup, Future 10 at the stake Book Review, Young Voice, SMS Pulse 11
Chief Editor Ranjeet Kaur Chief Graphic Designer Er. Sandeep Bansal Managing Editors Er. Akash Sharma, Appurva, Shveta Assistant Editors Amit, Kulbir
MR. RAJINDER GUPTA (MD(MD-TRIDENT)
* ‘Rank’ and ‘Yank’ - A Critical Evaluation * Why Engineers come in Management???..... A True Story
* Elements Missing : Point of View * Commonwealth Games: Mismanagement Case Study
* Survival of the Fittest…..
While going through the newspaper one fine day I had to strain my mind to discover what Rank and Yank is all about. However. including the 360. a controversial appraisal system is being discussed in HR circles today. . Many of them. "B". but there is one thing for sure it couldn’t go unnoticed. the idea is not novice. the ability to energize themselves and others. Economic slowdown and the entry of MNC’s in new industries brought with them new forms of employee performance appraisals. Procrastination is a common trait of "C" players. It is a ranking method in which the best and the poor performers are identified. Rank and Yank involves replacing 10 percent of the employees in organization every year as a matter of course.NFL. founder of this theory and former CEO of GE has termed it the 'vitality curve'. Nangal) T his phrase may seem quite witty. They believe in pampering the employees who yield results and leave no stone unturned to ensure that they are retained. GE. and "C" players. Some call it the 'rank and yank' strategy. The leading practitioners of this kind of ranking abroad include Microsoft Ford. Organizations today prefer to be lean with optimum employee strength rather than being fat and overburdened. **Obama’s stand regarding no tax breaks for firms that create job overseas would affect the Indian service industry but as per the statements from NASSCOM this policy shift has no direct impact on industry in India. as well as failure to deliver on promises. PepsiCo. "C" players "C" players are non producers. “vital 70 per cent” work adequately and remaining “10 per cent” are non productive.degree evaluations. blessed with lots of "runway" ahead of them. Although. Believe it or not.Page 2 MAGNATE ‘Rank’ and ‘Yank’ – A Critical Evaluation *Shaveta Mahajan (Management Trainee . The poor performers are given reasonable time to improve their performance and in case of failure they are asked to leave the organization and a severance package is offered to them. Cisco & Sun Microsystems. Have charisma. but are "vital" because they make up the majority of the group. Coke. around 20 % of the companies in India -. others term it an 'up or out' policy while Jack Welch . or deliver on their promises "B" players "B" players may not be visionary or the most driven. They are likely to "enervate" rather than "energize". "A" players ♦ ♦ ♦ ♦ ♦ Filled with passion Committed to "making things happen" Open to ideas from anywhere . Specifically (in accordance with the 20-70-10 model) the top executives are divided into "A". It is also called the 2070-10 model which says that “top 20 per cent” of the workforce is the most productive. if they refuse their services are terminated and no compensation is offered to them. Exhibit the "four E's" of leadership: Very high Energy levels Can Energize others around common goals The "Edge" to make difficult decisions The ability to consistently Execute.mostly MNC’s have already put such a ranking system in place. However. but it is gaining momentum in India . but a few companies in India are willing to talk about it openly since the forced removal of substantial number of employees as an annual exercise is still a highly sensitive issue in India where retrenchment is still to find full acceptance. have lost their novelty.
replied the man. You're between 40 and 41 degrees north latitude and between 59 and 60 degrees west longitude. You have risen to where you are due to a large quantity of hot air. you've delayed my trip even more." replied the balloonist. Thus. If anything. "but how did you know?" "Well. *Akash Sharma (MBA-II Global) **The employers in the organized sector would be denied tax deductibility on wage payment if they will not go for group health insurance schemes for their employees. Demerits:. Issue 1 Page 3 Merits:." The man below responded. thereby reducing the employee commitment. You made a promise which you've no idea how to keep.reasons could be many. Their performance should be re viewed for three quarters. encourages employees to go into wasteful game playing to prevent themselves from coming in the 10 per cent slot and results in lack of job security to employees. a "C" employee in a company's Customer Service division would be at a disadvantage applying for a job in Marketing. "Excuse me. a mutually competitive behavior from the side of both the parties can surely make the ‘Rank and Yank’ method a grand success in the present industry. At the same time it’s essential for the employees to realize that with the times now and ahead they cannot afford to take a back seat and if they want to survive in the corporate world they need to yield results. ‘Rank and Yank’ appraisal method has both pros and cons and organizations should try taking maximum benefit out of it by making employees more productive keeping in mind the suitability factors and legal constraints.It motivates the best employees.Volume 1. and helps develop strong leaders. Frankly.10 model fails to reflect actual human behavior cause an employee may fail to give his best in some cases. so that we can have answers to those questions that originally have NO ANSWERS. removes deadwood.. answered the balloonist. again after the second quarter performance review i. if employees do not perform they should be given training and even after all this if they are unable to show signs of improvement they should be asked to leave amicably. In a nutshell. "I am". For example. "How did you know?" "Well. can you help me? I promised a friend I would meet him an hour ago but I don't know where I am.This system promotes vitality in the firm. but I've no idea what to make of your information." "You must be an engineer. She reduced altitude and spotted a man below." "I am.Some critics believe that the 20-70. "everything you told me is technically correct. "You must be in management. WHY ENGINEERS COME IN MANAGEMENT? – A TRUE STORY A woman in a hot air balloon realized she was lost. "You don't know where you are or where you're going. and the fact is I'm still lost. and you expect people beneath you to solve your problems?!!" BOTTOM LINE: That’s why Engineers are coming in Management. theoretically allowing only the strongest performers to reach leadership positions. Issue 1 Volume 1. even though he or she may have talents consistent with an "A" rating in the other division. Consequences:. While some critics think that it undermines team work. She descended a bit more and shouted. But at the same time employees cannot be just asked unreasonably to leave. The style may make it more difficult for employees to cross rate from one division to another. you've not been much help at all.." said the man. ." The man below replied "You're in a hot air balloon hovering approximately 30 feet above the ground. It forces the managers to shed off the extra fat from organizations carried in the form of underperformers due to which organizations face downturn otherwise. After the first quarter counseling and mentoring should be given to underperformers for improvement. The employer and the employees both will contribute towards tax premium which can be exempt from tax." said the balloonist.e.
. are missing. water everywhere. water everywhere. IT. During and after campus. But often students try to bluff in interview to act smart.. ♦ Domain knowledge: Practical skills in marketing. And students keep complaining of lack of jobs despite degrees. and start preparing TODAY.. The gap between the industry requirement and academic curriculum lies mostly in the nine areas of: ♦ Attitude: Often students say no to target based jobs. finance.. ♦ Grooming/personality/confidence: Due to lack of exposure. For example.. ability to work in teams.Page 4 MAGNATE MAGNATE ELEMENTS MISSING : POINT OF VIEW Water. get ready and be prepared in your quest to hunt for that dream job..000 MBA schools in India are running on 20-40 percent placements. ♦ Corporate exposure: knowledge of what’s happening in the industry and understanding the real world corporate requirement is missing. most students lack practical. students find it difficult to fully articulate their views and are often not confident enough while facing clients. But it requires a concerted attempt and a very structured scientific process... 2011. The industry needs certain skills beyond the AICTE/university curriculum before it can hire a candidate.. the basic managerial skills like the ability to work in teams can be developed by organizing regular group discussions. Similarly. but not a drop to drink Jobs. openness to feedback etc. So a 10 minute story telling based pedagogy by an inspirational faculty when continued every day for six months can bring about a change. but not a drop to drink. ♦ Big picture thinking: Most students from tier II business schools are unable to grasp big picture business issues. So friends. operations and a deep knowledge of core concepts is completely missing. ♦ Ethics: Companies immediately reject candidates if they have a slightest doubt on their moral fabric. ♦ Basic managerial skills: Critical skills like accountability of results. The new DTC will be effective from April. Water. street smart skills required in it. ♦ Sales and customer service: While most entry-level jobs involve either sales or customer service. Corporate world continues to have jobs but keeps complaining that there are not enough “employable” candidates. most MBA students appear in at least three-six interviews but often fail to get a decent job.II D) **Direct Tax Code 2011 has been cleared by cabinet and likely to be tabled during the monsoon session of the Parliament. Why is this happening? The current education system in India has an inherent flaw that it offers degrees but not jobs. extended practice and regular feedback. ~Paras Rattan Sharda (MBA . The new provisions will be major relief for salaried class.. Our brain’s limbic system – responsible for behavioural changes – learns only through constant motivation. .. The good news is that these skills can be taught. or have unrealistic first salary expectations or have pre conceived notion about sectors like insurance. attitude of students change but requires understanding of the brain-based learning model.but not ‘employable’ candidates A re you an MBA student? Do you want a placement after your full time two year course? Then you can’t just be so careless to skip this! The harsh reality is that most of the 2. team based competitions etc. jobs everywhere.
Issue 1 Page 5 BUSINESS RESEARCH AND RANDOMNESS COVER STORY (Questioning the Answers) W e can talk round and round about the sophisticated definitions of management. going to library all these are also decisions. The investor will lose twice of the money he/she generated from markets from last many years due to that rare black swan event.e. But unfortunately no one can predict the impact of a decision because it will always be about the future. No matter its Marketing. This usually happen due to the factor of luck and randomness present in every sort of research. This black swan event will prove all his analysis tools inappropriate and markets will show un-predictive behaviours. Business research is like a blessing for the managers that really facilitate the complexity of decision making. for example. But what’s the big deal in that. Business research finds applications in every aspect of management. Issue 1 Volume 1. variable analysis. selecting a particular outfit over many alternatives. Actually.Going to a movie after bunking the class. Theory of randomness says that we all believe and survive in myths of logical analysis. indices plotting and normal distribution curve. because every decision possesses some crucial consequences. But as Einstein once said “Flaws are most essential clause in any scientific knowledge”. finance. statistical testing. . best illustration to prove this attribute is behaviour of stock markets. These days many experts are questioning the answer itself. But in Western Australia some explorer found swans that were black in colour (trend proved wrong). But calling yourself a manger in business context is not a child’s play. On the basis of logical research design. Business research stands on the concepts of trend analysis and normal distribution curve. Markovian matrix and distorted distribution curves are few amendments made by statisticians to retain the worth of the concept. then a reverse black swan event will always be present in surrounding environment with 10% probability of occurrence. At business edge we can’t make a decision for opinion sake. HR or operations. everyone should be designated as a manager only. Throughout the world many investment bankers use techniques of predictive business research to conclude future of the marketable securities. but in reality a black swan is always there. These consequences can be positive as well as negative. If an investor is making money from last many years from stock market on basis of trend analysis. the importance of a decision lies in the worth of that decision. Greatest Intellectual Fraud”. The phenomenon of randomness does participate in every event occurring in this universe. but the moral of the story says that management is nothing but a science of taking accurate decisions. we all take decisions in our daily lives also. According to modern researchers the concept of business research is inappropriate specifically for predictive purposes. everyone was sure that swans are only white in colour (previous trend). But so far no predication has proved to be invincible. Business research produce answers to many questions. So. This exploration became the example of breaking the myths.Volume 1. THE BLACK SWAN AND ITS IMPACT Before the exploration of Western Australia. but Nassem Nicholus Taleb claims in his recent book that “no previous patterns exist and ND curve if in fact a GIF i. Every manager always has huge responsibility of taking difficult decisions.
chances of this occurrence is 10 in 100. Researchers have developed techniques to smoothen the risk and probability of randomness in the results. and these advertisements are quite successful in doing that. what you need is just a tube of cream that will make you as white as moon thus guaranteeing your success. Future was un-predictive without the research and its un-predictive even with the research. 2. similarly while conducting a research. (other 5000 will be the losers and let them wave off from the game). no matter how markets behave. Now in next year under same situation. -Richa Kaura (MBA-II A) What’s your call on present approach of fairness cream advertisements? Companies are making fool of people by advertising such ideas and products. Similarly in the end of 5th year there will be 313 damn sure investors who will make money for 5 continuous years. .Karanvir Kalra (MBA-II B) These advertisements are fair as well as unfair in approach. but now penalties of wrong predications are extremely detrimental and randomness assures that there will always be 10% wrong predictions in any environment and in any scenario. if this was possible then every girl would become Aishwariya Rai. -Kamal Khurmee (MBA-II GB) . So. no matter how world behaves.500 investors will make money. but further research in this area has shown that those who are intensely resistive against the risk of randomness are never able to make huge benefits in business. almost everyone is fooled by the randomness.!! UT… GO AKIN I find it really funny when they claim that if you want to be a player or an actress SPE or a scholar. Situation is even more intense in behavioural research where researchers have to rely on the responses given by the people with variable behaviours. it’s all a fallacy but after all purpose of an advertisement is to attract the consumers. no matter how they themselves behave and no matter how the trend analysis tools behave. or Karrena Kapoor or Angelina Jolie. Different paths have different results. I think awareness programs should be run by Advertising Standards Council of India to make people aware and conscious. So. They claim that using this cream will make you the most beautiful girl in the world. These investors will be chosen through the sample path provided to them by the randomness present in surrounding environment. researchers will follow a certain path (choice of this path is not in their hands).Page 6 MAGNATE MAGNATE Take an example that if there are 10000 investors each one having 50% probability of making money from the market in one financial year then at the end of first year 5000 of them will generate handsome amount of money. current approach of these advertisements is wrong and somehow it’s like mental exploitation of the consumers. So. the chosen path will only provide the chosen results. *Akash Sharma (MBA-II Global) . on the other hand those who are less resistive against the risk of randomness they will have 90% chances of success but in remaining 10% chances their all research tools and analytical approach will get inactive and they will lose 400% of pervious benefits. It’s the consumers who have to pick one between the dreams and reality.
000 crore out of which 2400 crore has gone to the organizing committee which faced serious charges of corruption & mismanagement of the funds. A major chunk of the future athletes consider them their idols. The coun try’s Christian Orthdox church uses a calendar that has 13 months and is 7 years behind the rest of the world. Time is ticking away. Mismanagement of the public funds is an area which requires special attention. The Mayan Pyramid at Chichen Itza Mexico which is also one of the 7 Wonders of the World is known as Time Pyramid. The approximate budget for the CWG is about 40. footbridge & sidewalk constructed spell a gross mismanagement of the funds. ~Payal (MBA-I C) **New WPI (old base year 1993-94. new base year 2004-05) in force in which lower weightage is given to more volatile food items. We are on the verge of having a transformed look of our national capital Delhi but the question arises whether a games driven development of city is the best way to bring changes????? For the past few days we have been hearing a lot about the failure of our athletes against the Dope testing. dressing up the airport and for the other basic infrastructure needs. “Methylhexaneamine” is banned against the dope mechanism & if the coaches are coming with such lame excuse. Therefore. representing the 18 months of the Mayan calendar. most of which uses the Gregorian calendar. It was argued that the rest of money has gone for the extension of metro. The Stairways also divide the 9 Terraces of each side of the pyramid into 18 segments. all we can hope for is that the venues & the basic infrastructure would be ready before the mega event but the lessons from the games must not be forgotten when the country will again come up with the hosting of another mega sporting event. for every flyover. . At last we can say that there is a need to unite together for the pride of the nation. then it shows their sincerity about their team & the sports.Volume 1. Issue 1 Volume 1. A very bad picture has been portrayed by these players which are harming the interest of the nation. This issue was baseless because the Govt. ~ Ramandeep Kaur (MBA-II C) DO YOU KNOW ???? Ethiopians welcomed the year 2000 at midnight on 12 September 2007. each with 91 steps and 1 platform.5% as compared to 9. The three important issues that came into limelight are security. For every stadium built. there is not any need of raising the issue of “security”. mismanagement of public funds and the failure of the few Indian players on the basis of the dope test.5% under the old series. Till now 12 of our athletes have failed in it. caused inflation down to 8. the number of days in a Year. As far as “security” is concerned few players of the European continent & Australia raised their voice against the security arrangements in the Indian subcontinent. Everyone is excited about this event but few things that happened in the recent past are troublesome & might prove disastrous for the games. is making stringent norms and there is not any loophole left for the safety of the players and in addition to this our country has never witnessed any such security related issue for the mega event like asiad’s (Asian Games 1982) or the cricket world cup of 1996. This makes a total of 365. It is built around 1050. These were the persons who were supposed to represent the Indian Sub continent. Apparently the mentors of the players came up in defence & said “we didn’t know this was banned”. Issue 1 Page 7 COMMONWEALTH GAMES : Mismanagement Case Study T he final countdown has begun for the mega event of “Commonwealth Games”. has four stairways.
While examining the trainees in the room he asked us to put up questions. Well he gave his brief introduction and welcomed us all into The Trident Family. A man behind the Rs 1. about average height in maybe in his early 40`s.10 and repo rate was raised to 6% from 5. WE. sharp. that day.09. And yes it was Holi.000 people get ready to earn there living through this organization”. what made you refrain from making that decision”? This time with a serious note he said. All masters in one art or the other.75% and the reverse repo rate was raised by 0. which were worth all the toil and sacrifice that day. **Monetary Policy Review: Interest Rates to Rise The first six weekly review of monetary policy has been done on 16. very calm. Rajinder Gupta. we had all come from our homes to Barnala. Some flashes of an awful interaction are given here- “How come you be so successful in so less time”? With smile he replied “There are no excuses for success. But when he entered our training room. . So. It had just been a week we had joined Trident. 2005. RAJINDER GUPTA. queries to ensure a two way process. with top notch black suit and an attitude to touch the sky. a simple man. After this encounter I realized that those 60 odd minutes were most enlightening in my career so far. the meeting was closed for the time being. a faint smile with bright eyes. Well with some more fascinating discussion and flow of ideas. yes there were fifteen of us selected for Takshashila Batch-1X.500 crore (Rs 15 billion) Trident Group was in front of us. Mr. In this past week we had heard a lot of things about him. Trident’s MD. just a few hours back. and even you were forced by circumstances to reconsider your business options. called by an evening call that. “The only thing that forced me to keep on moving was the thought that every day 10. We imagined a professional business man.Page 8 MAGNATE MAGNATE FACE2FACE WITH MR. So like a soldier whose country was at war we were reporting at urgency. after rounds of interviews and a series of psychometric tests. wants to see us at dinner next day. follow the path that is laid in front of you but of course luck can’t be ignored” “How come you create so much in so less time”? Again with a smile he said “I make people and people make assets. this was my first in person meeting with a “Padmashree” awardee. in fact it’s all about trusting people. short tempered. MD-TRIDENT “Critical success factor comprise a customer focus and global competitiveness” “An Encounter with Success…” Deepinder Rana (MBA-I A) I t was not just other day in our lives. in white shirt and blue jeans. understanding their ability and giving them a chance. he’s cunning.” “RG we had heard that Trident had some really hard times. 2007 and winner of Distinguished Entrepreneurship award.50% to 5%. loads of attitude blah-blah.
Check if you possess any one of them: 1. personal passion to change the way things are and to live life to the fullest. hard and hard.In business." Self-discipline is the key to success. to start out by giving up. even become competent at the tasks.Ayn changes in technologies and ways of doRand. Put your goals in writing. ~Kamalpreet Kaur (MBA . and strategic partners. board of directors. To transform your weakness you must be willing to ask questions. or you are better off to work for somebody else? Alas. touch it or it is within your reach.ID) **India. You need to plan each day in pay the price of success . As they always say. "Do what you should do. Never Consider the Possibility of Failure:. but you will never be a great success at it. Success comes easily if you love what you do. more so small businesses. Successful entrepreneurs are those pointment will assure your success. The more you can de. you are judged by the company you keep . Plan. It is about creating a life. you need to dream big. Think Success:. No one achieves success just by sitting and staring at the wall every single day.You need to develop or uncover an intense. in the nature of man . areas that you may be poor at. To be effective. "You work eight hours per day is for survival.Thomas Huxley once said. and that you can do it. This willingness to learn becomes more crucial given the rapid 4. 2. "no guts. not doing so just makes The strength of will to force yourself to them as intangible fantasies. most successful entrepreneurs share these ten characteristics.sometimes you will fail. Plan Accordingly:. this failure is guaranteed. do you think you will ever be successful at it? Not in a million years! You may plod along. Think that what said that the road to success is easy.from your management team.Let's face it. whether you like it or that will provide the stepping-stone towards your ultimate not. You need to have a clear vision of what you want to achieve. Seek help or assistance in 8. no glory. Persevere and have Faith:. vision. Issue 1 Volume 1.spite your good intentions and hard work. Your courage to velop faith in your ability to achieve your goals. flexible and challenging way to become your own boss and chart your own future. in her novel ‘The Fountainhead’.Volume 1. **Mukesh Ambani with net worth of $62 billion would be the richest man on earth in 2014 according to Forbes Magazine. Be Passionate With What You Do:. It takes courage. wrote. Deyou are doing will contribute to the betterment of your en. as it is about making a living.To attain the desired kind of success. 6. strengths and concentrate on it. "It is not ing business. consider taking hands-on learning or formal main curious." 10. Work Hard! Every successful entrepreneur works hard. when 5. To succeed in business. going the extra mile. ment of your vision.9.You need to have concrete goals you should do it. You should actively visualize success in your mind that you can almost feel it." As an entrepreneur. there is no formula for success! However. Businesses always need assistance.To succeed. vironment and your personal self.doing what othsuch a way that your every action contributes to the attain. everything over eight hours per day is for success. Constantly Look for Ways to Network:. you need to fully be. Each of us has our own strengths alert to opportunities to expand your conand weaknesses. Willingness to Learn:.nor of any living entity. plan and plan . Brian Tracy puts it out this way. knowledge. you need to identify your tacts. Focus on Your Strengths:. you need to possess 3. .No one lieve in your goals. If you hate your job right now.because without fighting and winning the lonely battle with yourself. the more persist in the face of adversity and ability to bounce back after a temporary disaprapidly you can attain it. who analyze and minimize risk in the pursuit of profit.ers don't like to do. reto strength. Every success story starts with big dreams. Issue 1 Page 9 “10 SECRETS OF SUCCESSFUL ENTERPRENEURS” R unning a one-person business is a creative. Discipline Yourself:. China tie for top spot in Forbes Asia’a Fab 50 List with 16 Firms each." 7. you cannot be good networking skills and always be everything to everybody. determination and foresight to decide to become an entrepreneur… Is there a way to determine whether you can be a successful entrepreneur. interested and open to new training.
the ideas never take a real shape or neither are the universities interested in doing so. They are now required to experiment with all those management practices that were once unimaginable and unachievable. Research & development is the main aspect where most of the universities are suffering. special departments or cells. The competition is cut throat and each of the new and old brand is pondering hard to take the share. So let’s make our future may be not perfect but still better! *Gurdev Singh (MBA-I A) SURVIVAL OF THE FITTEST… *Richa Kaura (MBA-II A) L ong back in 19th century Darwin came up with a brilliant theory of “SURVIVAL OF THE FITTEST”. take solid actions. in reality the old granny’s recipes of success are now replaced by the out of box cuisines. is dynamic. Today the world is technology driven and only one thing is permanent in nature i. Therefore. What are the causes of being at a status quo? The first reaction to this question is lack of brainstorming done on this sector in Punjab. but due to lack of foreign intervenes in the university structure there hasn’t been any change in the education practice. Now the most important aspect of a status quo! The crowd in northern region and the research and development being done in this area are the two most prominent factors which need due consideration. they all symbolize change. our education system has gone down to bushes. more over if it happens. Market has developed a lot with MNCs coming into. the universities need a big change and for that we need to step ahead. The management people are required to be proactive and over the heels all the time. Darwin suggested that the one who is the fittest and who will adapt to evolve will survive this battle… **Banks tightening norms for education loans because of the rising NPAs. But is it present in all the directions? Have the paradigms of every sector has changed? This question is becoming an important aspect if we talk about the education curriculum of the universities of Punjab (India). Most of the universities have tie ups with foreign universities but still they haven’t been able to evolve which shows a lethargic commitment and the lack of sincerity towards the future generation. For this the following things are required: a commitment. . In current business scenario only fittest one can dream for the survival. There hasn’t been any change in the curriculum and that is what becoming a bitter guard for the management students of the most of the universities and colleges of northern region. Most of the northern universities lack professionalism and due to an orthodox attitude towards the change in the society. The war of businesses is at its full pace and the only objective of each warrior is survival. New promotional policies. a good financial assistance and most importantly people who can take this research through and can implement the aftermaths. most of the universities in the northern region haven’t adapted to this changed scenario. So what’s next! Nowhere to somewhere. latest technologies and creative marketing are the tools that corporations are now exploring in search of long lasting excellence. day to night. Not just the new entrants have to fight with the established ones but the existing market leaders are also required to adapt and evolve continuously in order to retain their position in the market. Students’ grooming at the graduation level is of utmost concern but being neglected most of the time by almost all the universities while framing the curriculum. different seasons. Gone the days when management followed a specific hit formula. universities showing lack of interest and also an irresponsible attitude towards the growing needs of the change. But surprisingly this theory is not just limited to the study of Zoology but it’s equally applicable to other streams of life including the business management. This principal gave a direction to the evolution related studies. And the winner is the one who is the fittest and who understands the changing markets. Every business is facing competition.e. change. Universities have not opted for research or development in their systems. now this competition can be direct in nature like Coke and Pepsi or it can be indirect in nature like Gopal sweets and McDonalds. influence and convince more people as nothing is perfect we need to make it perfect.Page 10 MAGNATE MAGNATE E verything on this earth. Everything else is so perennial that with a blink of an eye black is green and green is brown.
a former CEO who explains the value of great relationships. ‘The Leader Who Had No Title’ is powerful. unleash energy. • Do you think India should host more International Sports Events in near future? Real-world ways to defeat stress. CARTOON CORNER By:Illustration By:. YOUNG VOICE Do you support Government’s decision to include caste in the ongoing Census? • An instant strategy to build a great team and become a “merchant of wow” with your customers. • The book tells the story of Blake. regardless of your position. Each offers a lesson to show that the most powerful leadership comes from within—and anything is possible when those skills are put to use.Volume 1. • A method to recognize and then seize opportunities in times of deep change. a surfer who demonstrates how important it is to rise to the riskiest challenges in turbulent times. a renowned author for the last fifteen years. shows how to claim that staggering power. • Hard-hitting tactics to become mentally strong and physically tough enough to lead your field. and a shoe shiner who proves that excellence begins within. And transform your life—and the world around you—in the process. engaging. and packed with real-world lessons that will help any business person realize extraordinary results and reach their potential in uncertain times. Issue 1 BOOK REVIEW Compiled By:- Page 11 Ranjeet Kaur (MBA-II C) Regardless of what you do within your organization and the current circumstances of your life. This book in hand teaches the readers:How to work with and influence people like a superstar. • The real secrets of intense innovation.Akash Sharma . the single most important fact is that you have the power to show leadership where you are planted and play at peak in all you do. a dissatisfied office worker who is offered a life-altering opportunity: spend one full day studying the lessons of a mysterious group of teachers and learn the secrets of limitless success at work and in life. build an unbeatable mind-set. ‘The Leader Who Had No Title’ by Robin Sharma. readers are introduced to the four inspirational teachers—a maid who proves that every job can be done with deep passion. Along with Blake. and balance your personal life.
FRESHER 2010 MISS AND MR. 2010 at Kala Bhawan. MISS AND MR. 2010 in University email@example.com. Punjabi University. TALENT 2010 Rasdeep Singh. Chawla. 2010 on topic “New Paradigms in Management Theories and Practices”. A. Presence of honorable faculty members added grace to this enticing event.smspup. School of Management Studies. They have shortlisted 51 students for the training programme. Patiala to pay regards and reciprocate the love and affection of their teachers. Delegates from India and All over the world participated in the conference. Anurag Bishnoi and Gurdev Singh of MBA-I participated in “FIESTA-2010” held at Institute of Productivity & Management. Second year students have given a warm welcome to their juniors by organizing a grand Fresher’s on 01 Oct. Meerut and won “Over All Trophy”. Students of SMS conducted Teachers’ day celebrations on 5th September.in School of Management Studies does not assume any responsibility for the information furnished and view expressed by the individuals. HOD. SMS with a lamp lighting ceremony.com Website: www.S. Patiala have signed a MoU with HDFC Bank on 27/09/2010 under which HDFC Bank will provide training to SMS students and they will be preferred for the campus placements and will be placed as “Management Trainee” with HDFC Bank.Gurinder Singh & Karampaul Brar SCHOOL OF MANAGEMENT STUDIES PUNJABI UNIVERSITY. Compiled By:. PATIALA Email: sms. Function was inaugurated by Dr. . Punjabi University.SMS PULSE SMS-PCMA 7th international conference held on September 4-5.