The Art of Leading Equals in the Digital Age

“If your actions inspire others to dream more, learn more, do more and become more, you are a leader.”

-John Quincy Adams

Doing a Post Graduate Diploma Course in Management is a far different experience in digital age than it used to be in earlier times. With digitization gradually becoming the buzz-word, the very nature of personal and professional relationships have changed. In the wake of this change, VJIM teaches young leaders how to harmonize a vast array of differences in the workplace be it racial, cultural, generational so as create something new and potent.

In the digital age, where knowledge is at everyone’s disposal, true leadership lies in your ability to unite people in a team without having to sacrifice their individuality. In other words, the present day leader is no more a person who is holding his team’s finger to lead them in a way. He is a facilitator providing his team what they need to do their job and then getting out of their way to do it. Only then will this new talent be able to unlock new technology, new perspectives, and new, more human communities.

The Workforce Is Not What It Used to Be

The new generation of workforce has grown up with digital media which gives them an added advantage over their older counterparts. They are more intuitive, quick and confident while taking up a task. Their risk taking capability is high and they are willing to work in an aggressive environment where there is less planning and more action.

So what do organisations do in order to make sure that the new generation works in harmony with the older generation because in reality they need the adroitness of digital natives without having to sideline the skills and experience of an older generation.

The Art of Leading Equals in Digital Age

This is where a new art needs to come into play. The art of leading equals. A much flatter structure where ideas are not always coming from the higher ranks. Companies and leaders alike need to embrace creativity, diversity, and collaboration. A balance between the aggressiveness of the new generation and the patient and calmness of the older ones need to be created and for that a simple realization needs to be there – you can not do everything and that is why you have been given a team at the first place.

Leaders must work hard to strengthen the bonds with their teams and create enticements that appeal to talent despite their unique backgrounds and identities. As opposed to steering, leaders of digital age need to create opportunity for ensuring a process of collective growth while recognizing their own shortcomings in the process.

Leaders are not to lead but to follow

Not in the negative sense at all. By follow, we mean you need to follow the instincts of your team and make them the part of the decision making process. Studies  have shown that whenever people consider themselves a part of decision making process, they feel more responsible which in turn increases their efficiency at work at the same time inculcating a risk taking capability for the betterment and growth  of the company. Being a digital leader, means it is ok to not have a plan all the time. You can earnestly approach your team and say, “You know what? I don’t know what to do next. But I believe we can figure it out, together.” This is not humiliating but humbling at your part. It shows that you trust your team and consider them as teammates. Only when you confide in them, they will return the favor by confiding in you and that is how the process leading equals in digital age will work.

Advertisements

Vignana Jyothi Institute of Management releases a Seminar on Future Trends in Financial Industry

1st October, 2018:   Vignana Jyothi Institute of Management, one of the top 25 ranking B-schools in India by Indian Management Survey 2015, demonstrated developments across the Financial Industry. The seminar showcase was held at the Institute premises, and attracted the premier panelists from across the sector.

Realizing the need to study this particular area of phenomenon, Vignana Jyothi Institute of Management invited some of the business leaders and management fraternity to associate on building a shared understanding of context for the Financial Industry in order to evolve at workplace. Mr. Rajendra Prasad Mikkilineni from Karvy Stock Broking Ltd spoke at the showcase with the basics that a finance professional should possess.

Some of the key highlights of his discussion included:

– Constantly seeking to learn new developments happening in the industry

– Understanding the fact about the Financial Services Industry and that it is a Mediator between Households and Corporates

– The Fundamentals of any job with a financial role remains the same, but the delivery of service varies with the ever-evolving technology

– Importance of IoT in different departments

– Differences between Derivate and Fundamental analyst and its features

– Different parameters to consider before investing in the stock market

The esteemed gathering was further graced by the presence Mr. Sandeep Medury, the Associate Vice President at Quadratyx, who took over by highlighting on the future trends that could take place in the financial sector. Largely, his discussion included an outline on the Big Data, AI, Fintech, Robots, and the related technology with its due impact on the banking sector.

Speaking on the initiative, Dr.Ch.S.Durga Prasad, Director, Vignana Jyothi Institute of Management said, “It has been a pleasure to be a part of this collaborative effort, conceptualized and organized by some of our faculty members and students to promote and comprehend the practical business world. We are grateful for having the most esteemed panelists to enhance the existing awareness levels on the whole of financial sector which will act like a road map for our students.”

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.

3 Useful Tips For having a Great Meeting

“Meetings are at the heart of an effective organization, and each meeting is an opportunity to clarify issues, set new directions, sharpen focus, create alignment, and move objectives forward.” – Paul Axtell

What according to you is a good meeting? It is an activity that is:

  1. Efficient so that work gets done.
  2. Fun and Positive so that people enjoy themselves while working at the same time look forward to the next meeting as well.
  3. Participative so that everyone becomes the part of the meeting instead of just zoning out.
  4. Open so that people are free to say what they really think.
  5. Creative so that new ideas can be generated and discussed freely and openly by everyone.

Having graduated from one of the top colleges and being fresh in a new workplace, you will have to be a part of a lot of meetings. So, learning an art of great meeting is fruitful for your overall growth as a leader. So how to begin?

1: Open the meeting with a positive note

Studies have shown that the way a meeting starts, decides the tone for the entire meeting. If you start the meeting with problems, complaints and mutual blame that is exactly you are going to get. But if you start with a positive note, the rest of the meeting is going to be more productive and fun. The best way to start a meeting is to ask each participant to briefly share one thing positive on the agenda we have met for today. This would create a positive environment and when the difficult topics get discussed, people would be more open to listen and might come up with meaningful suggestions.

2: Have Regular Breaks

This should not be an option but a mandatory rule especially in case of long meetings that will go on for hours. Taking five minutes off after every one-hour or half an hour to cool off would help the team to stay focused and productive for the entire meeting. We know the agenda is long and you are tempted to wind it up as soon as possible but taking less breaks would do more harm than good as the productivity will suffer. For all you know, the meeting will run longer than you initially planned.

3: Lose the tableOh yes! This is not something most people would think as a good idea. But there are scientific reasons. Studies have shown that the flow of communication is better when you get to see the entire person. Also for meetings involving 20 plus people, the table would be huge and the average distance between two particular people would be high. This may hamper the flow of thoughts. Losing a table or having a circular sitting arrangement ensure equality and democracy and thus improves the output of a meeting- drastically.

 

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

The Hyderabad Alumni Chapter Meet saw 50+ alum; revisiting the days gone by

Begumpet’s Ohri’s Jiva Imperia And De Thali had the Parking Full glowsign blinking by the time it was 8 in the evening of August 8,2018. Keen and nostaliga-tinted faces were stepping in the beautiful dining hall of the restaurant- all excited to meet their long-lost friends and faculty with whom they had spent two extremely defining years of their lives. It was time for the Alumni Reunion- Hyderabad Chapter meet!

Beside hosting the annual Alumni Meet on campus, VJIM leaves no stone unturned to stay connected to its alumni. Being the primary torch-bearers of the institute, alumni serve as a major source of motivation for the B-school and its students by contributing through mentorship, guest lecture sessions, placement guidance and what not! August 8, 2018 was about re-celebrating them and their constant efforts to keep the flag of the school- high!

The event started at 7pm with Prof. Janani, Prof. Jayashree, Prof. Padmini, Prof. Jyothi, Mr. Keshav and the Dr. CH S Durga Prasad joining the event. After a welcome speech delivered by the Director, the evenign became all about chats, laughter, food and drinks. B Naresh and S Pruthvi Raj from the 25th batch of VJIM, Hyderabad presented a beautiful musical performance to engage the crowd. Amidst thundering applause, alumni committee member T. Shiva Prasad invited other alumni to share the funniest, craziest and one of the finest memories from his days at VJIM, Hyderabad and his answers had everyone happily nostalgic.

“Looking back and reflecting on the days gone by, made me crave for those days once again. Such easy yet productive times we spent together at the B-school and now friends are all around the globe, doing various things, contributing in millions of ways to make the world a better place to live in,” quipped one alumnus when asked about her experience at the B-school.

Everyone extended their gratitude to the Alumni Committee for the lovely initiative and the evening ended over a hearty dinner with endless conversations. Numbers were re-shared, memories were re-visited and life- relived!