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An MBA in operations management is a postgraduate program, which is in demand these days. An MBA degree in operations management will teach you the core concepts of planning, scheduling, controlling, and managing the overall production process of the business. In a manufacturing firm, an operations manager has to be an all-rounder to manage the activities of day-to-day production. Operations management will teach you to maintain the daily activities of the business for the scheduled and error-free delivery of products. Operations management talks about how raw materials and labor can be transformed into finished goods and services that can be ... Read More
MBA stands for "Masters in Business Management." Here, "management" is the term used to manage all the activities and resources used in the smooth functioning of the business. MBA is a 2-year post-graduate degree program that is highly demanded nowadays and will continue to be in demand in the coming years. MBA makes the candidate job-ready, helps with networking, builds up leadership skills, and improves business understanding. Selection for the MBA program is done through various entrance examinations like the CAT, GMAT, CMAT, IBSAT, XAT, etc. Most Tier 1 and Tier 2 business schools select through these exams. For the ... Read More
Most project status meetings happen as part of an organization's tradition. The common lines we hear from a project manager while starting a project would mostly be “Mondays are for review meetings” or “Let’s meet every Wednesday to check on the project updates.” 90% of these status meetings could sail through emails or threads on internal communication platforms like Teams or Slack. That being said, we aren’t downgrading the importance of project status meetings. Instead, we’d like to emphasize how project managers and team members could conduct these meetings to ensure quality project deliverables. Why are Status Review Meetings ... Read More
India’s sophisticated Vande Bharat express project led by Mr. Sudhanshu Mani was completed in less than 18 months with just Rs. 97 crores, where the external agency has quoted Rs. 250 crores. He owes the success of this project to his team and the planning behind it. Irrespective of the project type, planning plays a crucial role in reducing risks, identifying desired goals, and ultimately delivering the agreed prototype. According to PMI, most organizations waste an average of $97 million of the total $1 billion investment due to poor project performance. So, a project manager needs to have ... Read More
With the 18-month-long delivery cycles becoming a wild goose chase for clients and organizations, agile methodologies are now the safest bet with quarterly releases and two-week delivery cycles. Agile way of working appeals to the customers and project members alike as the product gets to market faster. However, when companies go agile, project managers bear the brunt of updating the project plans to the client every week. This necessitates frequent meetings within the team to discuss project updates and progress. Through this article, let’s get into the crux of a project status meeting and how it be a ... Read More
Operations management means managing the operations of the business efficiently and effectively to increase the net operating profit of the organization. Operation management is a branch of business management just like HR management, finance, and marketing. As the name suggests, operations management means managing the organization's day-to-day activities to achieve the organization's goals and increase its profit. Operation management deals with the optimum utilization of available resources and maintaining inventory so that it won’t fall short of inventory if it’s a product-based industry. Operation management takes care of the smooth functioning of the organization so that everything will be done ... Read More
An MBA in finance will help you to create a financial base for your industry by researching historical data and present market structure. It also helps with predicting the future requirements of the business and its growth enabling you to manage the asset and liabilities of the business. Finance will teach you the money aspect of the business which will enhance your decision-making skills. Financial Management Financial management is the field of business that deals with the finance of the company. Financial management works with an investment of available financial resources (cash, assets, marketable securities, etc) to receive a return ... Read More
Germany (Deutschland) is one of the most popular countries among students not just because of its astonishing and excruciating history but also because of its growing economy, stable career opportunities, and amazing student policies. Because of the abundance of opportunities, Germany is ranked third in terms of education and career growth. Most of the courses that are taught in Germany are in the English language, which attracts more international students. In 2014, Germany’s education policy was changed to waive tuition fees for international students for bachelor’s and master’s courses at public universities. There are around 240 public universities in Germany, ... Read More
"The Great Resignation" has become a popular term after the 2020 pandemic when people start quitting their jobs in large numbers. People voluntarily start resigning from their job positions in 2021, which is the year followed by COVID-19. The most common reasons for this mass resignation are delays in salary payment, intense competition for workers, and the increased cost of living because of the pandemic. What is the Great Resignation? A "great resignation" or "great reshuffle" is a term used when people start to quit their jobs in mass to find better prospects that offer them stability and a ... Read More
Did you know? India will be in need of 7 million project managers by 2027. With organizations these days taking massive leaps into adopting ML, big data, automation, and AI; project managers shall play a vital role in implementing digital transformation projects effectively. To make a mark in this ever-growing and changing field of project management, obtaining a certification is vital in opening up the doors for your career advancement and higher earning potential. However, the cost of obtaining a certification can be a significant hindrance for many. But what if we told you that upskilling yourself through ... Read More