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Panel discussion on Union Budget at Jaipuria Jaipur becomes a great learning experience for students.

On the 3rd of March, Jaipuria, Jaipur held a panel discussion to discuss the all important Union Budget. “Unveiling Possibilities for ‘Make in India’ was the theme of the session, and many leaders in business attended to share their views on the newly released budget. The panel focused on the impact of the government’s first full budget; it is a budget that Indian citizens expect a lot from, so the panelists were brought together to provide meaningful insight about its relevance and possible effectiveness. Altogether, students were given an amazing opportunity to listen to leaders in respective fields discussing a topic of national interest.

Some of the big names present on the panel were Dr. Vijay Vir Singh, Professor and Director, Planning Commission Chair, Department of Economics, University of Rajasthan, Jaipur; Dr. Nesar Ahmad, Coordinator, Budget Analysis Rajasthan Center (BARC), Jaipur; Mr. Arvind Singh, Principal Correspondent, Times Now, Jaipur; and Mr. K C Sharma, Retd. GM, Bank of Rajasthan. Together, they participated in a lively discussion filled with invaluable insights that created an enriching experience for all the students in attendance.

Dr. Prerna Jain gave the welcome address and emphasized the importance of this budget for Indian economy. Dr. Prabhat Pankaj, Director, Jaipuria, Jaipur then focused on the changes that are being brought about by this budget and their significance. According to him, “It can lead to double digit growth; but for that to happen, the hurdles along the way need to be addressed.” Prof. Bhawani Singh Rathore then streamlined the themes of the conclave, which included fiscal consolidation, public spending in infrastructure, tax reforms and a focus on easing regulations on businesses.

The panel discussed a wide range of important business and economic concepts that management aspirants will factor into their decisions as professionals in the future. The opportunity to hear experts in the field discuss the budget gave students not only a basic understanding of these concepts, but also insight into their practical implications. The speakers showed great acumen when sharing their views about the different ideas propagated by the budget; in addition, they supported their ideas with examples that kept things simple and relatable for students. For example, Dr. Vijay Vir Singh focused on competiveness and growth, which are two important aspects of the budget. He was of the opinion that, “For India to achieve competitiveness the challenge lies in manufacturing zero defect products and cost competitiveness. In order to achieve the reality of ‘Make in India’, we have to work towards make India; we have to rebuild and create infrastructure.” He also highlighted the crucial point that two of the world’s largest economies, India and China, will have the lowest figures in terms of net job creation. This is, all panelists agreed, alarming.

Dr. Ahmad had another interesting take where he contrasted the trickle-down effect with a bottom-up approach. For him, the most important element of the budget was that it accepts the recommendations of the 14th Finance commission for sharing 42% of the central taxes with states and hence stresses on “cooperative federalism”. Mr. Arvind Singh wanted to know, “What will India make to become a Superpower. India has been a trading country and becoming a manufacturing hub might be a distant reality.”

Mr. Sharma kept up with the tone of the forthright discussion when he said that the budget has created a roadmap for double digit growth by focusing on the middle class. He believes, “The Finance Minister has been in a comfortable position with regards to Fiscal Deficit, Inflation and Current Account Deficit. Hence, ‘Make in India’ has been channeled in direct and indirect ways.” Thus, the discussion moderated by Dr. Anvay Bhargava brought to light important elements and missing links of the budget, which was a thoroughly helpful exercise for the students.

By Line: Keshav Sood

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HR COHORT- Are You On The List – Emerging HR Leaders!

There are many labels for HR professionals: leaders, architects, stewards, partners, or players. Image and identity are important because they shape behavior, and HR professionals know many of the images they want to shed; e.g., policy police, bureaucrats, administrators, regulators, etc. It is less clear what the future identity of HR should be. In all probability, multiple roles will be played by HR professionals depending on the business context and the proclivity of the HR professional; however, knowing alternate and varied roles increases the possibilities in the ever-changing business landscape. As a result of the quick pace of change, HR work will be housed in organizations that differ greatly from what we have today. And, as organizations become more of an assortment of alliances and relationships, HR practices will also need to cross boundaries.

The HR conclave organised by PEOPLE MATTERS at Jaipuria Institute of Management, Noida, on the 17th of March, 2015 was initiated by Col.A.K.Rajpal, who welcomed the honorable panelists, guests and our respected director Dr.R Thakur. According to Col.Rajpal, life in the 21st century is a baffling cocktail of existentialism, surrealism and co-relations where the utopian ‘instant gratification’ plays an important role. Instant gratification is evolutionary where we prepare and proceed –there is no quitting and only self-enlightenment. It is attitude that makes the difference and initiates the “paradigm shift”. This is the new leadership!

The session of panel discussions opened with the same word “paradigm shift” and its importance in HR.Moderator Mr.Sunil Pathak, Director of HR at Cadence Design Systems, talked about a paradigm shift as something that is taking place in the contemporary understanding of the role of human resources in development. Support for the supply-sided human capital model rests on the proposition, not yet established empirically, that it leads to more rapid rates of development than alternative approaches. The human resources development strategy stresses that human resources is both producers and the intended beneficiaries of development. It thus focuses on the achievement of human development directly, as well as indirectly through investment in human capital, and emphasises the role of rewarded economic activity and demand in the successful implementation of human resources development.

Ms.Isha Gera, Manager People Strategy at Sapient Nitro, discusses the importance of the frameworks and concepts in HR. She also stressed that adaptability and agility are qualities that need to be embraced in order to survive in today’s competitive business environment.

Mr.Akshay Chadha, HR Standard Chartered Bank, shared his views on the feedback system and the learning experience derived from it that allows HR professionals to implement programs of ethics and values. He was consistent about the mandatory need of the hour-personal branding and independent understanding.

Ms.Geetanjali Kulkarni, Sr.Manager HR, Ericsson, emphasized HR’s role in being a persistent learning platform, which is beyond the traditional idea about HR. It is about value additions, thought processes and business, and not just about socialising and conversations.

Ms.Anu Anand shared her insights on the justification of right matrix, which is the base of the functional aspect to maximise holistic learning. Talent is not all about the innate quality; it can always be imbibed through an openness to the wealth of knowledge that an individual has access to.

Ms.Divya Jain, Asst. Vice President, Right Management, talked about the convictions, integrity, credibility and the need of challenging oneself to reach the highest level of success. It is the passion that takes someone to new heights – vital to this ascensions the passion of learning and learning to manifesting.

The traditional HR practices of staffing, training, performance management, benefits, regulation, labor relations, and so forth will not go away; but, they will become the table stakes for HR, with new practices emerging constantly.If our purpose is to propose a debate about the future, it is better to end with questions than with answers. Questions elicit new frameworks, approaches, and alternatives so, the final two questions to be asked are: Do you want to play in this always changing and at times unclear future? Are you having fun? Without a doubt, all the fine authors in this issue and many others considered to be among the best HR professionals answer with a resounding “yes.”

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STUDENT Speaks

“The first stipend of life is always the big deal,” says an excited Ajay, Class of 2015, Jaipuria Institute of Management, currently interning with Marg Compusoft Pvt. Ltd.

Summer Internship Placements (SIPs) are the highlight for management programs because of the real corporate world experience they offer to students. And who better to know that than Ajay Kumar of Jaipuria Institute of Management, who got placed with Marg Compusoft Pvt. Ltd. Interning with a reputable firm in itself is a big deal for Ajay, who grew up in Bokaro Steel City, Jharkhand. He believes that his SIP has opened up a world of new experiences. Ajay is working with the company as a summer trainee on a Reseller and Referral partner development project. “Besides that”, he says, “I am also conducting research to determine customers’ opinions on Marg’s product and services. I am also assisting the seniors in designing and executing various marketing campaigns”. As you can see, Ajay feels that his time with Marg Compusoft Pvt. Ltd. is going to become an absolutely fantastic learning experience.

His regular day at work is not only long but filled with challenges, a prospect Ajay thrives on because it offers him an opportunity to grow. “My day begins at 10 am when I report to the head office of the company”, he elaborates. “Then I meet with 10 prospects for a reseller offer. I also have to assist my seniors develop a marketing campaign. Finally, I prepare and mail the daily working reports to the team leader”.

The going might have its ups and downs but Ajay is proud of what he has managed to achieve so far. And he has every reason to be, considering he bagged the internship placement after a rigorous screening process. He had to go through a round of Group Discussions before a personal interview where he displayed his passion for the profile offered to him. According to Ajay, it was this passion that helped him stand out amongst other aspiring candidates.

Ajay is being guided during his internship program by mentor, Mr. Anurag Singh, whose contribution, according to Ajay, is vital. And now, he is keen on making the most of this opportunity: “SIP is the first opportunity for me to apply my classroom learning in the real world. I want to gain valuable work experience and industrial exposure”.

And, other than the handsome stipend he’s earning, does Ajay have any important take-aways from the internship so far? “Hard work never goes unnoticed. If your employer knows you want to be the best at whatever you do, it will help you make an impression more than any resume,” he says wisely before coming back with the parting shot: “And the stipend money will be spent on getting my first fancy Smartphone.” This young man clearly has what it takes to succeed.

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Alumni Speak Jaipuria Noida

“Jaipuria has given me the confidence to stand up and deliver”, shares Class 2010 alumnus Mr. Kakul Sharma of Jaipuria Institute of Management

We asked Kakul on the necessity or relevance of PGDM today and pat came his insightful reply- “Initially everyone has to learn from scratch. The organization is new and industry unknown. It’s when you have spent a few years and grown in the company, you need to draw on educational concepts and apply them to situations to be able to deliver solutions and innovate. It is during this struggling phase that your PGDM comes most handy to you”, shares Kakul Sharma, a PGDM General alumni of 2008-10 batch from Jaipuria Institute of Management, Noida.

Kakul is currently employed with CCS Computers Pvt. Ltd as a Business Development Manager for the Defense Vertical. He handles a considerably large turnover and is excited about his work and it’s potential. Success at work, Kakul feels, is a function of confidence, a go-getter attitude, “Successful work performance is about concepts, confidence, and personality. When you go to any customer, or any presentation, you should have that confidence that ‘I can do it’. Once you pass out from a good business school like Jaipuria, you are bound to have the confidence that I can stand on this platform and face my audience and customers, I can succeed in this work culture’.”

Work environment is becoming increasingly competitive and economy tough. Kakul advises that a program like PGDM is extremely relevant and helpful in today’s world, “There are challenges on an everyday basis, and a professional training like one provided by Jaipuria can help a professional perform optimally.” Kakul’s competencies include knowledge of market study, analysis, research, pre/post sales analysis, competitor analysis, strategy creation for marketing and ground level activities, evaluate key indicators like market analysis, volume & market share development, penetration & target fixation, maintain & enrich portfolio of products, and good communication skills.

Kakul has a work experience of about five years now. He describes his journey as a fulfilling learning experience, “It has been a good journey. I worked with Sunpro Integrated Communication Services Ltd prior to joining CCS computers. Both organizations have taught me a lot and I believe I have been able to contribute significantly as well”. He is a young inspired professional who is motivated to find his professional dreams. He values hard work and believes success is not incidental, it is based on the effort a person puts in. His advice to the students is “The only mantra to be successful is hard work. There is no other alternative to hard work. Either you do the hard work today or you will have to work hard tomorrow!”

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