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Showing posts with the label business schools Kochi

Conversion Rate Optimization

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Conversion optimization aka Conversion Rate Optimization (CRO) is a system for increasing the percentage of visitors to a website that converts into customers by taking any desired action on a webpage. Online CRO was born out of the need of e-commerce marketers to improve the performance of their website in the aftermath of the dotcom bubble. Internet marketers produced measurables to improve website user experience due to the growth of competition in the early 2000s. And in 2004, new tools for experimenting website design and content variations were developed to determine which one performs best. This form of optimization increased in 2007 with the introduction of Google Website Optimizer which was a free tool. As per the study conducted in 2014, the majority of the respondents considered CRO as a crucial system for their overall digital marketing strategy. CRO seeks to increase the number of visitors to a website that takes a specific desired action like submitting a w...

5 Reasons Why You Should Consider an MBA After an Engineering Degree

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For designers with a sound specialized foundation, a vocation in their very own specialized specialization appears the ideal fit. For example, a PC architect would most likely be cheerful to work in the best IT organizations, for example, Google, Facebook, or Infosys. Be that as it may, mid-vocation, when the product proficient has utilized his or her aptitudes to amplify learning and profession development, there can come a period when the vocation chart levels. This is on the grounds that, for an expert to climb further up, the expert would require administration abilities. Here are 5 Reasons Why You Should Consider an MBA After an Engineering Degree: 1. Climb the Corporate Ladder. The corporate world additionally reverberates this hypothesis that a designing instruction with an MBA for post-graduation is the best mix of ability and information required to pick up footing for your vocation. With an administrative foundation, designers can like to quickly track their vocat...

Characteristics of a Good Leader

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Listed below are few characteristics that an individual need to develop inside him to be a good leader. • A good leader should admit his disadvantages, weaknesses and failures. This will expose his willingness to believe in high standard, victory and activity. • He should have a power of intuiting and taking precautionary steps to bring in control the challenging situations efficiently and successfully. • He should be equipped with a characteristic of predetermining actions to be taken when needed to cope with the contrary situations efficiently. • A good leader should have the ability to develop a data of information on administrative structure, management, defense, budget, economy, etc. • He should be able to manage, control, motivate and persuade the public. • A good leader should present himself as an example before the public. • He should be able to control his emotions and anger in public and should also motivate the public through his words and actions without...

Positive Effect Of Innovation Culture In Organisations

Organisations should institutionalize the innovation process to help sustain a competitive advantage and to ensure future success. The internal environment should have creative thinking as central to the values, assumptions and actions. Here are the positive effects of an innovation culture in organisations. ·         Promotes individual growth – With an employee’s willingness to invest time for creative energy at work, an innovation culture promotes individual growth. When the employee believe that their own development and growth are valued by the employer, his is more likely to make innovative contributions. ·         Builds confidence – Experimenting with innovative solutions are more likely to instil confidence in employees. And along with encouragement, there are greater chances for developing one’s skills and abilities. ·         Optimizes work environment – Bring...

Challenges Faced by Entrepreneurs

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From inventing something to finding the right opportunity for a business, entrepreneurs will have to face a lot of challenges. However, once past these challenges, it is more of a smooth sailing with minor glitches along the way. Here are the common challenges faced by entrepreneurs. • Money – Access to capital to fund the business is important for any business. Entrepreneurs often tend to underestimate the length of time it takes for a business to be profitable and the amount of money that is needed to invest to make it profitable. • Skill and knowledge – From research and development to product delivery to bookkeeping, an employee in a start-up will have to manage several tasks beyond his area of expertise. So, an entrepreneur will have to find the right talent who handle different responsibilities. • Feedback – An entrepreneur can often find it difficult to find the right feedback beyond sales figures for assessing business growth. Seeking o...

Benefits of Celebrity Endorsement in PR Campaigns

It is hard to pick one advertisement on TV, magazine or social media that is not endorsed by a celebrity. These endorsements are highly regarded to increase the sale of a product or service and to increase the brand awareness. Here is how celebrity endorsements are beneficial for brands. • Builds credibility – As fans are attached to their favourite celebrity, they tend to trust the celebrity. They also believe that the product endorsed by their favourite celebrity is worth trusting and using and hence a credibility for the product and the brand is built. When a celebrity attaches themselves to a product, it reassures the fans and consumers of the product’s quality. • Makes the brand stand out – When using a celebrity to represent the brand, it differentiates the brand from its competitors. This helps improve ad recall which makes the consumers remember the ad and the brand while also connecting it to their favourite celebrity. • Opens up new markets - Choosing the right cele...

Features of Business Law

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Business law, also called commercial law is a branch of law that deals with legal rights, duties and liabilities of parties involved in different types of business transactions that are related to commerce, trade, sales, merchandising, etc. Below listed are the important features of business law. • It is a commercial law that deals with all the aspects of entering into selling and purchasing agreements. • It includes the study of law of contract which is vital in setting up the agreements and contracts that involve the parties buying and selling things in exchange for a purchase price. • Business law also explains the rights, duties, liabilities and legal obligations of parties involved in the contract of sales or purchase or other kind of contract for the purpose of any business or commercial activity. • It also includes the intellectual property law which involves the patents, trademarks, copyrights, etc. as well as the consumer protection law. • Business law also ap...

Guerrilla Marketing

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Guerrilla marketing is an advertising strategy which pushes on effective low-cost unconventional marketing tactics that yield maximum results. The term was first conceived by Jay Conrad Levinson in his book Guerrilla Marketing inspired from guerrilla warfare. Guerrilla marketing is all about taking your customer by surprise and creating a social buzz. This advertising gimmick relies heavily on unconventional modes of marketing, high energy and imagination. The key focus is that buyers feel special, privileged, positively surprised or thrilled on the interaction with the brand. Often, the conventional mode of advertisements through television, radio, hoardings doesn’t serve the actual purpose of holding the attention of the audience. This is where guerrilla marketing wins with the unconventional ways. Guerrilla marketing is often ideal for small businesses that need to reach a large audience without spending much. It’s used by big companies in sync with their o...

Consolidation Model

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A Consolidation Model is built by merging the financial results of multiple business units into one single model. Usually, the first worksheet of this model is a summary or consolidated view that shows the highest-level figures (monthly and yearly revenues, productivity rate,  costs and profits etc.) in the form of tables, graphs or charts. Other tabs in the model display financial data by various business units, departments, or product lines by years, quarters or months. There are two types of models available in the consolidation model, one is ‘Variable interest model’ and the second one is ‘Voting interest model’. Though this model is a very simple model with only a few inputs, in the real-world business scenarios, consolidation models can be quite complicated and involve numerous data sources and in-depth calculations. Below given are the various steps defining how to build a consolidation model? • Generate workbooks with labels corresponding to the respective project...

How to prepare for an interview for MBA admission

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Personal interview marks an important step during the assessment of a candidate during the MBA admissions. An interview is the ideal platform for the candidate to impress the admission officials with his potential. Even though intimidating, if prepared well, the candidate can score well and get an admission at the institution. Here are some tips to follow while preparing for an MBA interview. • Focus - It is important to focus your energy on the interview process. Process the question and form a clear answer only after careful consideration. Process the question and form a well-thought and relevant answer, rather than quick and confusing ones • Be Spontaneous – Do not lose your cool when faced by unexpected questions. Thinks about the question carefully and give an appropriate answer. Often these type of questions are asked to catch you off guard and gauge your reaction. • Keep it interesting – Interviews look for a candid and engaging interview where the candidate can show...

Why to pursue MBA in Operations Management

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Operations management involves planning, organizing and supervising the activities related to production and manufacturing. It also encompasses the efficient management of materials, equipment and technology for the purpose of the company.  Terms associated with operations management A precise definition of operation management includes supply chain management and logistics which an aspiring operations manager should be well-versed with. He should also be aware of the global trends in supply chain management and the cost-effectiveness of logistics to meet the client demand effectively. Must-have skills for an operations manager Organizational ability is one of the key skill that an operation manager should have. It is vital for enhancing efficiency and promoting productivity in the role. Working in coordination with the whole team, ability to steer the processes seamlessly and proficiency in supply chain management are central for being successful in the role ...

How to Prepare For the Entrance Exam Without Coaching?

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MBA aspirants planning and preparing to head to join their choice of B-school, one must be prepared to get a reasonable score and secure a seat in any of the prestigious ones. Exams like CAT, MAT, and XAT etc. are all available for these MBA aspirants. There are many coaching institutions that provide study materials and study classes to excel in these exams. But its nit necessary to join them to actually excel. Your efforts can succeed too. There are many students who have secured high ranks with a bit of more hard work, time management and strategic studying. 1. Get an idea about the syllabus and pattern of study for specific MBA entrance exams. 2. Get proper study material and ensure they are credible and latest issue for the year you are attending the exam for. 3. Use online resources as it is more economical and less time consuming. 4. Try out online mock tests as it will help you manage time and improve in knowledge based on the patterns. 5. Work on where you n...

How to Write a Winning MBA Admission Essay

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Every MBA applicant go through the phase to make their first move to apply in any B-school. The entrance essay is what should tell them why you stand out from everybody else. The purpose behind this essay are different for different institutions. The admission committees would generally want to have a basic idea about your personality and skills to succeed in the program. They would want to know your communication style, clarity and fluency in language. It is important to have some qualitative content in your essay. 1. Prepare for your essay well in advance. Don’t keep it to the last minute. It needs a proper polishing process to create a clear and effective essay. Develop your ideas about your past present and future in advance to know what you want to put in the essay. 2. You need to convey how you will be beneficial to the institution that you are applying in and in what way you will contribute to the success of that b-school. 3. When you describe your future goals, b...

8 MBA Entrance Exams to Take Up

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Common Admission Test (CAT) is the usual entrance exam every MBA aspiring student considers at first. Then comes XAT, MAT and CMAT are the list of entrance exams goes on. Students end up taking about 2-3 of these exams. But what is more surprising is that, there are more than 50 MBA entrance exams held at national and regional level every year. It is important that every candidate must be aware of these choices to keep their options open during their MBA preparation. Some of the top exams to be considered are as follows: 1. CAT: CAT is conducted by the Indian Institutes of Management (IIM) accepted by 20 IIMs and various other management institutes across the country. 2. CMAT: The second largest management entrance examination of the country is conducted by All India Council of Technical Education (AICTE). 3. XAT: XAT is a management aptitude test which is conducted by Xavier Labour Relations Institute (XLRI) Jamshedpur. 4. Symbiosis National Aptitude (SNAP) conducted...

4 Advantages of MBA Over Other Postgraduate Management Degrees

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Master’s in Business Administration or MBA is one among the most preferred post graduate business degrees in the world. Understanding why MBA is regarded highly among the business degrees will help one zero in on the program according to his needs.   Here are the key differences between a MBA degree and other management degrees. • Skill set – While most master’s degrees are focused in building a strong academic profile based on areas of management, a MBA degree is specifically designed to expand one’s skills according to the requirement of the profession and the role. • Teaching style – Apart from the usual style of teaching that involves lectures, tutorials and seminars, a MBA program also let students deal with real-life business problems to explore and learn more about the industry. • Specialisations – Most MBAs are now offered with specialisations catering to different industries such as healthcare. When compared to other management degrees that are designed for p...

Why you Should Choose a Business Degree?

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The number of courses available these days are many to offer a diverse collection of qualifications for degree aspirants. Business degree is one among the top degrees chosen by many due to its rich prospects. Here are the reasons why you should choose a business degree over any other. •  A practical degree – A business degree is a versatile option which allows one to take the path of industries as well as public and non-profit sectors. •  Career in management – Business degrees are useful if you want to choose a career in management. Whether it be a choice between an accountant, public relations specialist or a financial analyst, a business program will only do you good. •  Versatile choice – One can continue their studies at any level with a business degree. A suitable business program can be found for associate’s, bachelor’s or master’s degree. •  Impressive addition to resume – A business degree from an accredited institution make for an impressiv...

Scope and Career Options After MBA in Operation Management

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Operation management Operation management in an organisation mainly deals with the management of manufacturing and processes. An individual in the operation department has to manage the quality and quantity of the of the products manufactured in the manufacturing unit. He/she has to also find an efficient and cost effective method to manufacture a product or service without compromising on the part of customer satisfaction.  The key parts of operation management are supply chain management and logistics. If you are someone who wants to be in leadership positions in future then this is the best field for you. Scope  a) It prepares the students to work in an organisation by providing them with the skills and knowledge to perform their role in a organisation. b) It increases the employability chance since the student will be skilled to perform almost any function in the manufacture and production department of a manufacturing industry. c) It provides special...

How to Become a Successful Entrepreneur?

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Students who dream of becoming a successful entrepreneur after their graduation must develop entrepreneurship skills. Some people say entrepreneurship is in the blood but actually it is the attitude of a person that makes him an entrepreneur. So you need to change your attitude and focus on developing key qualities like creativity, leadership and social skills to be a successful entrepreneur. 7 most common traits observed in a successful entrepreneur are listed below: 1. Vision Do you have the ability to explain your ideas to others? Vision is the ability to see things differently from others and this vision must be conveyed to investors, team members and your client. 2. Passion Passion for doing business and to make a mark in the world makes an entrepreneur different from a normal person. 3. Leadership skills A good leader motivate his team and gives direction to achieve the required goal. Also a good leader must know to delegate work to others than do...

5 Reasons to do MBA to Pursue Hotel Management

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Most of the MBA aspirants are focusing either on banking or finance or such common field of work. But the ever increasing sector of tourism is not usually brought to be explored by many. This sector has experienced faster economic growth globally that they are equals or even surpasses the oil exports, food or automobiles. Hospitality management jobs are increasing and more rewarding. Here are 5 reasons why you should opt this. 1. You are fond of meeting new people and serving them by being devoted to provide them the best of the service 2. Tourism offers you a international opportunity and if you would want to work overseas, working in tourism for foreign environment is something you will enjoy 3. Tourism offers a back and front office job according to your skills. If you are a people person, this field is more likely to be easier for you 4. If you enjoy travelling and staying at hotels or resorts, this is a perfect opportunity to take advantage of. 5. This de...

4 REASONS WHY MBA INTERNSHIPS ARE MUCH COOLER !

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Typical internship scenes can be pictured as an intern running around the office, getting things done for almost all his heads, over-worked and confused. This picture pretty much sums up what most of how most of the interns are treated like in different organizations. But luckily that’s not the case when it comes to MBA internships. Its serves the true purpose to train the students and leave as an experienced prodigy. Most MBA colleges offers internship with renowned companies in the country to let the student have the best of the best to add to their educational qualifications and values of experience. 1.     MBA offers you internships that relates to your major. If you’re specializing in Human Resources, you are given the offer to be an HR intern at a firm. 2.    It’s a part of the curriculum and is mandatory to do a project report on the internship program taken up 3.      It helps to boost confidence 4.   ...