Business Management Institute in Mumbai and Thane

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Business Management Institute in Mumbai and Thane

Are you searching for a business management institute in Thane or Mumbai? Do not settle for the first institute you come across as some are better than others. There are several tips that will help you make an informed decision.

There are several considerations to make if you are to get the best management institute for your management studies in Mumbai and Thane. Consider if the institute has been approved by the relevant regulatory body. This is the AICTE for business management colleges in Mumbai and Thane. The institute you go for should be recognized by the DTE government of Maharashtra. Go for an institute that is affiliated with a leading university such as the University of Mumbai. A good institute is one that has the necessary infrastructure. The institute should have a well-stocked computer lab.

Go to business management colleges in Mumbai and Thane where the faculty is qualified and experienced for the job. In a good institute, the faculty will play an important part in mentoring, with each student having a faculty member as a philosopher, friend, and guide. It is important that students grow physically, emotionally, and spiritually even as they grow academically at a business management institute in Thane or Mumbai. Good management institutes in Thane and Mumbai have cultural clubs, sports and adventure clubs, financial clubs, and other clubs. The institute should also instil corporate social responsibility in its students.

A good business management institute is one that offers more than management studies in Mumbai and Thane. With such an institution, you will learn from the students and the faculties of the other courses. Particularly helpful is human resource management courses. A good institute is in partnership with such organizations as the Bombay Management Association for students to enjoy events and speeches by eminent speakers. Go for an institute that has team building exercises, that have inter and intra school competitions, and alumni meets.

Consider the quality of the alumni from the institute. Good business management colleges in Mumbai and Thane have alumni in top companies in India. A good institute is one that has been in business for several years since this is proof it is doing something right.

If you do not know anybody who has been in a management institute in Thane or Mumbai, you could get tips on a good institute from independent reviews in magazines or in review sites and from discussion forums. Most people look at such things as the fees and availability of such facilities as hotels, but the quality of education should be the guiding factor.

Why Students Choose To Mba In India Only With Top Mba Colleges

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With majority of the students becoming conscious towards their careers, there is an increase in demand of professional courses. But the most popular course among the students in today’s society is the MBA (Masters of Business Administration) as it opens many opportunities for them. Following the economic development of the country the demand of MBA professionals is increasing every day. Because of which a large number of colleges offering this course have come up in India, Which contains some of the best MBA colleges in the world?

Among these colleges the Indian Institutes of Management (IIMs) stands at the top of the list. There are total 8 IIMs across India and they are situated at – Calcutta, Indore, Ahmadabad, Bangalore, Kozhikode, Luck now, Shilling and Ranchi. Students have to score high marks int he Common Admission Test (CAT), in order to get an admission in IIM which also includes group discussion and a personal interview by the faculty of the institute.

Besides IIMs is the Indian School of Business (ISB), Hyderabad, which was established on December 2, 1999. This institute contains a faculty from the best management institutes of the world which includes Wharton, London Business School, Stanford, etc.

Then comes the Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai. It was founded in 1965 and grabbed a prominent place among the top business schools in the Asia – Pacific.

The XLRI is also among the top most MBA colleges for Management Studies. XLRI is an abbreviation of Xavier Labour Research Institute situated at Jamshedpur. It was founded in 1949 and has been growing gradually throughout its existence.

Some other top Business Schools of India are – Faculty of Management Studies (FMS), Delhi, Indian Institute of Foreign Trade (IIFT), Symbiosis Institute of Business Management, Loyola Institute of Business Administration (LIBA), Nirma Institute of Management, Indira Institute of Management (IIMP), Pune, SIES College of Management Studies (SIESCOMS), Institute of Financial Management and Research (IFMR), etc.

The reason behind opting for a top – ranked MBA college is that, pursuing MBA from these colleges guarantees a good pay package depending on the reputation and dependability of the respected college. Hence the growth of the students in the corporate world becomes swift. The IIMs are always known for grabbing the best salary offers for their students all over the country. According to the placements records of 2010, their is an increase of 25 percent in the salary of students from such top MBA colleges

Business Management Software – A Solution for Improving Productivity

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Every business owner knows that his firm needs to put a lot of efforts than manufacturing goods and services for the customers. The administration department alone cannot take hold of other sections like advertising, marketing, development, accounting and production. They need a complete solution that can monitor all the departments and keeps a track record of the entire processing system. To gain more success in business, it is important for the association to work upon itself. By this way they can organize it in an accurate manner with increased productivity and sales. They should use the latest techniques including some specific types of software that are very useful in managing the entire system.

Such software’s are called as the BMS – Business Management Software. These are generally designed to improve the trade functions in different small and large organizations. It’s an exceptional application that is responsible for transforming the associations. Such programs provide distinct web-based way out that aids in boosting diverse factors related to the company operations.

A distinctive BMS can be particularly developed to hold a specific phase of procedures in a corporate setting. It can be available in the form of ERP-a term that refers to Enterprise Resource Planning application. This meticulous application is designed to develop a better dealing plan from the grassroots. The application can also be available in form of CRM- a term that refers to the Customer Relationship Management application. This version is deliberated to improve company’s association with its clients on a daily basis. Besides this, the running software can again be accessible in the type of E-commerce applications and Professional Services Automation. These both equally improve some particular aspects of marketable operations.

There are some unique advantages that are associated with the several versions of Business Management Software. Firstly, the programs help to empower the organizations to capitalize on their procedural capacities. They also aid businesses in building the most out of their available resources. They convert diverse operational phases with great ease. Moreover, the firms that make use of such administrative programs finish up dropping the charges of operating latest information technology skills in their functions. They also perk up their monthly and annual results. This directly increases the level of their yearly financial gains. They also decrease the charges incurred in hiring the employees.

These days it is not difficult to purchase this software as it is easily available on the leading stores. And in case you want an easy way out then you can browse the internet. There are so many websites that deal with the applications that can help you association to grow and spread its wings.

These even don’t cost much and can be easily downloaded and installed in your system after being delivered at your place. They come with exceptional customer support and many other outstanding features perfectly designed to take the corporation to new heights. But before you make the purchase, ensure that you are dealing with a reliable source else you may have to regret for your carelessness.

Things That Complement A Business Management Diploma

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The world of business is truly competitive. As a matter of fact, before you can even set foot on this industry, you will get a taste of what the competition is all about. Almost always, there is more than one applicant for a single business management position and they are likely to carry the same business management diploma as yours. Therefore, it is extremely important to throw in other things you can offer aside from that. Here are some ideas:

Power dressing. Actors portray their roles better when they are dressed for the part or in costume. Business people shouldn”t see this differently. The right choice of clothes and accessories can make you feel confident and ready to take the world with your business acumen. Likewise, power dressing has the power to make employers or hiring managers imagine you in the position you are applying for so never underestimate this part. Basically, appearance falls in the “first impressions” category and it can have a bearing in your application as much as a business management diploma.

Impressive resume and cover letter. When writing your resume and cover letter, remember the 3 Cs: concise, current and cut out for every application. Business management is not a field for fancy words. Instead, use strong keywords that would highlight your competence and not some high school activities that would only be a waste of space. At the same time, the keywords should address the requirements in the job posting or advertisement. Get rid of experiences that happened eons ago if they are not really noteworthy. Lastly, try to make a set for every position you are applying for.

Refreshing interview. Interview is the perfect opportunity to expand what you have written in the resume and cover letter or better, talk about things you haven”t mentioned yet. As much as you can, avoid a repetition. Arrive early or on time, be candid and come prepared. Do your research and ask questions about the position or company if you need to. Of course, be ready to answer questions about yourself, particularly about the business management course you finished and your work experience. Fresh graduates can gain experience by working as interns or through volunteer jobs.

TIP: The thing about interviews is that it doesn”t happen in offices all the time. There are instances where you”d meet a prospective employer outside the four walls of an office so always be prepared.

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.