REPORT ON BANKING FINANCIAL SERVICES AND INSURANCE – BUSINESS CONCLAVE

Hyderabad, Septemebr 18, 2018– Vignana Jyothi Institute of Management (VJIM), Hyderabad successfully wrapped a Business Conclave at Hotel Avasa on 15th Septemebr 2018. The Concalve saw who’s who of the industry and academia participate, discuss, debate and draw some insightful solutions on the BFSI sector, its present hurdles and solutions.

The conclave was sectoral in nature, dealing with Banking, Financial services and Insurance sector within the present economic landscape of the country. In the inaugural session, Dr. CH S Durga Prasad, Director VJIM and K. Harish Chandra Prasad, Chairman, Governing council VJIM, addressed the students and urged them to optimize the opportunity to elarn from the leading practictioners and researchers within the BFSI community.

The inaugural session was pivoted around the theme- ‘Role of Development Banking in Evolution of Financial System’. Ms. Smitha Mohanty, DGM NABARD, in her address explained the role played by NABARD in developing agricultural and rural economies of the Telangana region. She informed the audience on the crucial role played by NABARD in flagship programmes like mission Kakatiya, Mission Bhagiratha, Micro irrigation projects and warehousing for agriculture needs. Smt. Kanchanlata Pandey, AGM SIDBI in her address, discussed the role of SIDBI in development of MSME sector in the nation and dealt with financing, risks and institutional building for the sector.

The second session of the Conclave was on the role of commercial banks in the digitization of the nation. Sri K.T. Venu Madhav, GM Andhra bank, dwelled on the role of Public Sector Banks in digitizing bank transactions for customers in remote areas by SMAAC and regarding relevant RBI regulations. Sri K Srinivas, VP and CRH Axis bank, in his address touched upon the wide usage of Big Data being applied for performance of employees, branches and tracking the needs of customers. He suggested that the digital world is built on customer needs and bank’s have invested in risk mitigation programmes.

In the third session, dealing with the role of regulators in technology, Sri K S Subramanyam, former ED, IRDA, briefed on the regulatory aspects of banking and explained the various steps being taken to protect the customer interests in insurance sectors. Sri T Srinivasan, AGM SEBI dealt with the various regulatory aspects concerned with security and exchange boards and the steps being taken by the body to prevent scams from occurring to protect the retail investors and large investors alike. Sri G Raghu Raj, GM IDRBT, in his speech detailed the technological development aspects concerned with banking.

Dr. Ch Jyothi delivered the vote of thanks as the event came towards a closure. The conclave was attended by the students, faculty and governing council members of VJIM.

Advertisements

TEACHERS DAY CELEBRATION AT VJIM, Hyderabad

With the high spirit of Teachers’ Day in the air, VJIM, Hyderabad students made it extraordinarily special for their professors at the B-school. Festoons, balloons, glitters, cards and flowers lifted the mood of the day to an amazing pitch. It all started after all the teachers and students gathered at the auditorium post the classes for the day.

Monica and Naveen from Batch 26 introduced the event and gripped the audience’s attention. The program kick-started officially after lightening the lamp by Prof Rama Rao, Prof. Padmini and Prof. Manchalla. Then there was a beautiful song performed by Sowmya, PGDM student, VJIM, Hyderabad. The energy of the day soared further when batch 26 unfurled various interesting games held to entertain the faculty.

Amidst laughter, conversations and all the amazing activities, the teaching and non-teaching staff were recognized with gifts and each faculty member was dedicated a song. There was thundering applause in the audience.
The event concluded with a cake cutting ceremony by Dr. Durga Prasad, Director, VJIM, Hyderabad. What a day!

VJIM Orientation through the eyes of the freshman

It all started with the: Ice-Breaker Session by Mr. Javed Jamal

This session provided opportunity to know about others and helped in making ourselves comfortable with the new environment of the B-school.

Treasure Hunt- Prof. Kesav and Prof. Yamini

This is the first event where we participated in mentor groups, and it made us familiar with the places in VJIM, Hyderabad. I really enjoyed this event, because we picked up other groups clues and hid them. But at last we stood in fourth place.

Grooming and Etiquette Session– Prof. Sharat Sharma

This was an eye-opening session for me, as it helped me in recognising the importance of grooming ourselves in this current business world.

My Theme Corner- Prof. Janani and Dr. Bhavani

It was really a fun learning session. It helped us in knowing the difficulties and advantages of working as a team.

Industrial Visit- Dr. Jyothi and Dr. Vishal

We went to FINE CAB CABLES PVT.LTD as a part of our industrial visit, where a member of Acumen Connect joined us. This visit provided us scope to know about the Operations, Waste management, Finance, and management of Human resources at industrial level practically.

Out Bound Training– Prof. Abhishek Sinha and Prof. Niharika

We went to Amar’s Pensieve where we had a lot of fun. It was an absolute stress buster from our daily hectic schedule. But, there was an Accounts examination the next day. However, we did not let that have us- we gained some beautiful experiences and nice memories along with unexplainable learnings.

Diversity Theatre– Dr. Jyothi and Prof. Yamini Meduri

This year unlike previous years, we were given topics related to different dynasties. It is one of the tasks where we faced a lot of difficulties in deciding the roles among us and picking out suitable costumes for the roles. But at last on the day of presentation, we were satisfied with our performances even though we didn’t win. But collectively, we enjoyed the task.

Critical Learnings:

  • During the grooming Session, Prof. Sharat Sharma explained how people are judged based on their appearances. I really found it astonishing because I thought people are purely judged and recognised based on their talents and achievements. After hearing his experiences, I came to know about the importance of grooming in this business world.
  • My theme corner helped me to know the importance of team work and effect of individual contribution while working in a team.
  • Out bound training, was one of the best experience at VJIM, where we learned about trusting others, danced, laughed and lots of fun.

My Viewpoint: All the above-mentioned events helped us in getting to know each other till to the point where we all became friends.

Conclusion: I look forward to two exciting years of PGDM ahead!

– Divya Supraja,
PGDM Class of 2018-2020,
VJIM, Hyderabad

Getting deeper into the realm of Design Thinking and innovation with Mr. H. Akash, Senior Design Manager, Amazon

About the event: Vignana Jyothi Institute Of management had organized a guest lecture on Design Thinking and Innovation on 11th august 2018. The speaker for the lecture was Mr. Akash, who is currently working with Amazon, as a Senior Design Manager having specialised in user experience design.

In his lecture, Mr. H. Akash discussed about Design thinking and Innovation from a management perspective. This lecture introduced a new approach towards identifying and solving problems. It also briefed us about how to apply design thinking to our problems to generate innovative and user-centric solutions.

Keynote Speaker: Mr. H. Akash, Senior Design Manager, Amazon

Guest: Mahesh Kumar, IMAGINXP

“We cannot solve the problems with the same thinking we used to create them,” remarked Mr. H. Akash as he began the lecture. Design thinking is finding a right problem to solve and then right solutions for that problem. It is categorised as:

  • Divergent thinking
  • Convergent thinking

Divergent thinking is more of creativity, that is like mind mapping which involves taking a word and picking up words to map the previous word. Whereas, Convergent thinking is more of analysis, in which each and every part is analysed to form a solution.

What is the difference between innovation and creativity? Creativity is related to imagination, while innovation is related to implementation. Even if there are so many creative ideas, unless and until they are implemented they can’t be termed as innovative.

Design Thinking helps us in unlocking potential and creating confidence. Innovation in design or in marketing strategy differentiate a product or service from the other. There are thethree factors that are needed to be considered: Business objectives, User objectives and Technology. Business objectives are constraints, User objectives are our focus and Technology is our tool. So, we need to find problems and solutions by considering these three factors for optimum results. 90% of the time an industry fails because of not taking these factors into consideration.

Finding the right problem, solves half of the problem. By breaking down a complex right problem in to simple problems and then finding solutions yields to optimistic outcomes. There are various features of design, it is Iterative in which product evolves with time, Collaborative in which the process is mastered by one other’s strategies and Human -centric in which ideas are turned in to facts.

The design process of IMAGINXP involves:

  • Design- rapid prototyping
  • Day-Run- test with small number of users
  • Discover-understanding the user and the unmet needs
  • Define-choose the problem to solve
  • Dream-Create large number of solutions

From the design we can understand the importance of user needs. This indicates “user experience (UX) design is very crucial for the product to be successful. Marketing specialist and UX designers have similar goals. So, the product owners working closely with UX designers help to innovate and drive the product ideas to success. For instance, Airbnb,” explains Mr. H. Akash to simplify the concept to students.

There are some examples where design thinking went wrong. They are:

  • A good design thinking exercise
  • A successful pilot that crashed!
  • Host of problems from fashion, privacy, industrial design
  • Cost, battery life attachment to mobile phones

There are different kinds of innovations that differentiate a product from the other. They are:

  • Packaging innovation
  • Delivery innovation
  • Product innovation
  • Pricing innovation

Aligning Marketing and UX aesthetics improves customer experience, attract new users, engage users, improve conversions, flawless customer journey, content and automation. On being requested by a student he also gave info about how management team brings up an idea and then how it collaborates with technical team to provide a successful product.

The event was concluded by presenting mementos to the speakers and a vote of thanks extended by the students on behalf of Vignana Jyothi Institute of Management.

 

The Orientation Program at VJIM, Hyderabad packed with learning experiences with a twist and first taste of corporate culture.

The Orientation Program being held at VJIM, Hyderabad is in full swing as new management recruits get acquainted with each other, their B School and the corporate culture as well. A healthy mix of learning and fun activities, the program being held between 11th and 30th June has hit the right notes. And it all began with the ice-breaking session where students worked in teams and got to know each other. For many it is the beginning of the long lasting bonds they will make on the campus throughout the course of the program.

The freshers also got the opportunity to explore the campus through the exciting Treasure Hunt event. As they looked for suggestions and clues they interacted with faculty members and figured out some of the cool spots on campus, which will become their future hangouts. Sessions on grooming, business etiquettes, team management, business strategies and communication skills were helmed by experienced faculty members. These skills are as important to future managers as the knowledge of business concepts they will rely on in their careers.

Students were also exposed to the latter through Pre-term courses that gave them a fair idea of what to expect during the program. Madhulika spoke of the benefits of the courses as she said, “As a Bachelor’s in Computer Applications graduate these sessions were very useful for me to understand the basics of management courses.” The ABS (Analyzing business situations) and News paper analysis also played a key role in helping students understand the latest trends and made them aware of the innovative pedagogues VJIM, Hyderabad focuses on.

 

The Out Bound Training session instilled the importance of team work amongst students in a fun way. They also got the platform to put their learning into practice through ‘My Theme Corner’. Once again students worked in teams and were given three hours to execute an entire event based on different themes. VJIM, Hyderabad builds on this practical exposure through industry visits and sessions that add to students’ learning experience. The orientation program already included eye-opening visits to Acumen Connect and Finecab, a cable manufacturing company. With this all round exposure new recruits of the institute are definitely on the right track.

Kiran Aketi makes a strong and colorful start to his professional journey with a placement with Asian Paints

When Kiran Aketi stepped onto the vibrant VJIM, Hyderabad campus for the first time, he had his set of expectations. He wanted to understand the real life business world better and gain in confidence to face it when time came. Two years of training with cutting edge pedagogy that included term papers to improve presentation skills and CVS training for better communication meant he left the campus with a bright and colorful future ahead of him. After all, he has bagged placement with a top brand like Asian Paints and forayed into the corporate world in style.

Corporate insights for budding manager
Kiran asserts that he really understood the importance of PGDM after he started the program. He learned about different aspects of business including consumer behavior, product life cycle, marketing strategies, pricing and more. “But above all, VJIM, Hyderabad gave me the belief and confidence in my abilities. That’s why when I didn’t get through initial placement interviews I believed that a big company was waiting for me, and that’s how I cracked Asian Paints interviews,” he claims.

Internship creates the perfect launchpad
Kiran got the opportunity to use his learning in the real corporate world during his internship with Triumphant Institute of Management Education. His project involved conducting competitor analysis, promotional activities and counseling of students. As he rubbed shoulders with professionals he got the taste of actual work environment. “The experience was important for my placement interview. But it will be absolutely vital in my job with Asian Paints as I will handle different responsibilities including working with dealers to achieve sales targets, solving their queries and more,” he adds thoughtfully.

In Kiran VJIM, Hyderabad has created another confident professional with bright future. At the same time, through the social outreach programs it has made him aware of his responsibilities towards the society. So when he talks about giving back to the community and those in need, you know that his transformation is not only complete but heartening too

How Faculty Members At VJIM, Hyderabad Take Students Through Their Chrysalis

From the day aspirants walk onto the B School campus they are in a state of transition. VJIM, Hyderabad believes in making the process holistic yet transparent. A well structured system of the B School looks over the progress of the students till the day they graduate. Ms. V. Jayashree, Program Director of the institute is at the helm of the matters. Talking of her role she says, “Every academic and non academic activity of a student is managed by the program office. It is designed to bring about overall growth in the students.”

Experienced faculty members are the backbone of the well oiled system. Their mentoring offers students the support and instills confidence in their abilities. VJIM, Hyderabad is known for its strong faculty pool, which it keeps strengthening on a regular basis. Dr. Ch. S. Durga Prasad, Director of the institute says, “The class of 2018 – 20 will definitely see quality improvement in teaching-learning process. Not only will we recruit senior professors but focus on outcome based education system, self study groups to help students.”

Chry 2    Chry 3

According to Ms. Jayashree the USP of the faculty strength at the B School lies in the fact that all courses are delivered by experts, who can impart practical knowledge to students. For sector specific courses, the B School invites guest speakers who can offer students insight into the field, talk to them about career opportunities in the area and more. “For our core course on Project Management we had facilitators from the PMI, Hyderabad chapter. With experts on board we can deliver the best learning experience,” she says.

On the non academic front, students are encouraged to not only participate in sporting, cultural events and conferences but be active in their organization as well. Chrysalis, the two day management fest epitomizes that spirit and brings out the best in students. Ms. Jayashree says, “It is an event that is solely managed and organized by students. They really look forward to it because it’s another step in their transition where they come on to the big stage.” And from then on, sky is the limit for their ambitions and dreams.