5 Main Keys to Being a Successful Leader

A guide by one of the Top MBA Colleges in Hyderabad

 

“The challenge of leadership is to be strong, but not rude; be kind, but not weak; be bold, but not bully; be thoughtful, but not lazy; be humble, but not timid; be proud, but not arrogant; have humor, but without folly.”  – Jim Rohn

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Gone are the days, when there was a notion of a born leader. Leadership is an art and it can be learnt with time. Although, anyone can learn how to be a leader, in order to be good and effective as a leader, you need to learn some key rules that will help you from the very start and will always remain with you as you grow. These rules can be considered as the foundational pillars over which you can build a successful leadership career.

As one of the Best MBA Colleges in Hyderabad, we teach this art to our students and also these 6 key rules.

6 Major Keys To Effective Leadership:

  1. Recognize – This means a willingness to learn at every step of your career path. Recognize that one true role model who inspires you the most. You can then benefit from all the strengths of your role model as well as learn from their mistakes so you do not have to make any of your own. Having a role model inspires you to be an effective leader and thus helps in your overall growth and development as a leader.

  1. Realize – Our history has mads leadership such a big deal that you need to realise that it is no rocket science and you do not need to be a born leader. Being a class monitor or head boy/girl in your school time would in no way ensure that you will be a great leader in future in the same way being part of the crowd as a kid does not undermine your ability to be a leader as you grow up. So Stop underestimating yourself and be faith in yourself.

  1. Remember – There is one Golden Rule that you should always remember for becoming a great leader: “Do unto others as you would have others do unto you!” Your ability to being empathetic towards other people is what makes you a good leader. Always try to keep yourself in other’s shoes before you deal with anyone and you would never disappoint yourself as a leader. The one thing you need to remember in order to become a successful leader is that “Relationships Matter!”

  1. Replicate – Replicate the good practices and what works for you and your team. Do not try to force things on others as no one can work under resistance. You may have a value system that you read in books and that works for you but there might be a case it won’t work for your team. In that case, do not be stubborn. Experiment and try to find out what works best and then replicate effectively and efficiently.

  1. Reinvent- Change is the only constant thing in the world. As a leader, one thing you need to learn is challenging the status quo and always trying to learn the new ways to an effective leadership. People change over time. Having one good method of leadership might doom you in the long run. The Leadership practices which were effective for one team might be completely useless for the other. Hence to be an effective leader, keep learning, keep reinventing and keep growing.

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7 Ingredients for Clear Communication

A career guide by top MBA college in Hyderabad

 “Communication must be HOT. That’s Honest, Open and Two-way.” -Dan Oswald

 

Being at a workplace and moving up the career ladder is all about effective communication these days. You communicate through emails, conference calls, meetings, reports, presentations etc. You spend almost your whole day communication with others in way or the other. Learning to devise a clear communication not only increase your productivity but also facilitate you to forge long lasting relationships with your co-workers.

As one of top MBA Colleges in Hyderabad, we teach out students 7 C’s of Clear Communication:

 

  1. Correct – The first ingredient of an effective communication is the it should be correct to the best of your knowledge. Try to use the technical terms that fits your audience. Do not deviate from the topic. Also the correct communication means error-free grammatically sound communication.
  2. Clear – Whenever you are writing or talking to someone, laying out a clear purpose in advance is the most prudent way to carry out any communication. Mentioning the purpose of the communication helps in better understanding the meaning of your communication.
  3. Concise – Regarding this, keep only one thing in mind. “Be brief and stick to the point” that is come in, say your thing and get out. Avoid unnecessary sentences. Do not add any filler words such as “basically” “for instance” etc.
  4. Concrete – Being concise does not mean that you leave on important points as well. Your message should also be concrete backed by all the necessary facts and explanation. This gives your audience a fair picture of what you want to tell them.
  5. Coherent – This means that while carrying out your communication, always stick to one main topic and do not deviate from that including other information which might need a separate body of communication altogether. When you send a coherent communication, it sounds logical and easy to understand and comprehend. The tone and flow of your communication should always remain consistent.
  6. Complete – An effective communication is the one that acts as a complete guide to the audience. A complete communication means that you have included everything that needs to be informed as well as the necessary actions if need be. In order to make sure that you have not left out on anything, ask yourself two simple questions – “Does the message have a “call to action”? And “Have I included all the information that would be needed that is dates, relevant documents, contacts etc.?”
  7. Courteous – This is important in a sense that nobody likes to read a rude and aggressive mail let alone act upon it. Your communication should open, friendly and honest so that it does not generate any bad feelings in the workplace. For this keep the viewpoint of your reader in mind while writing your message. Be very cautious that you are empathetic to their needs.

 

From studying in an MBA college in hyderabad to becoming a great leader, communication would help you at great lengths and help you excel at every step of your career as a leader. As James Humes said, “The art of communication is the language of leadership.”

 

 

Most Common Myths Associated With Pursuing an MBA from Top MBA Colleges in Hyderabad

There is no denying the fact that an MBA program is the top choice for undergraduate candidates looking for a higher education course. In this respect, Hyderabad has become the hub of high quality management education due to the presence of large number of high ranking MBA colleges. The popularity of MBA results mostly due to the great demand for such qualified professionals. However, many times, the candidates opt to pursue to course merely because they are influenced by the various misconceptions associated with studying at one of the top 10 MBA colleges in Hyderabad. The most common of these misconceptions are discussed as follows.

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Assurance Of Career Success: Most candidates feel that gaining admission in one of the top ranking MBA institutes provides them a ticket to assured success. They often believe that the goodwill and respect enjoyed by the institute within the industry will be enough to help them to attain the highest level of professional success in the field of their choice. This often leads them to become somewhat careless about their education and learning during the pursuance of the course and this can have extremely damaging consequences. This can not only hinder the successful completion of the course by the candidates but also prevent them from taking up lucrative job options.

Relatively Easy Curriculum: A large number of candidates opt to study at the best MBA colleges believing that the curriculum would be relatively easier as compared to other institutes with lower rankings. This reveals their ignorance about a very basic yet important aspect of this program. Unlike the diploma courses, MBA is a UGC approved and accredited course and hence the curriculum is almost same irrespective of whichever institute, college, and university is offering the course. In fact, enrolling at a top ranked institute generally requires the candidates to work harder to ensure their success given the high level of competition they face from their peers.

Become First Choice Of Employers:A majority of candidates believe that studying at the best MBA colleges in Hyderabad automatically makes them the first choice of employers. However, this is not true as even though the employers give preference to candidates from renowned institutes, they do not do so at the cost of competence of the candidates. In fact, the institute from which the candidates have passed out is considered for the selection of a candidate only as the last measure of comparison between two equally competent candidates. Thus, it is important for the candidates to prove the superiority of their skills and knowledge on their own to gain the attention and favour of the employers.

Gain Better Social Status: Higher education is generally associated with greater respect within the society. However, this is possible only when the candidates, who have attained a higher education qualification, are able to exploit its benefits in terms of earning professional growth and success as well as financial stability. This is possible only if the candidates believe pursue the course only after fully understanding its requirements and challenges rather than assuming it to be a shortcut to success, which is often the biggest reason for failure and disappointment.

A Comprehensive Guide To Help Candidates Select The Most Appropriate MBA Program

Pursuing an MBA course is one of the most preferred options for higher education amongst a majority of graduate students. These courses help the trainees to adapt a scientific approach towards management which ensures greater efficiency and productivity in the overall business processes. Hence it is not surprising that most modern business organization prefer to recruit professionals who have successfully passed out from renowned MBA colleges in Hyderabad or other cities. Hiring such candidates provides the organizations with an assurance that they will get better returns in terms of proper implementation of the knowledge and skills that the candidates have learned during their MBA training.

However, in order for the candidates to ensure that they get the best benefits of an MBA degree, it is important to choose a program that best matches their interest and skill. In this respect, the following factors play a vital role in helping the candidates choose the most appropriate program.

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Prior Education Of The Candidates

The choice of an MBA program depends largely on the prior education of the candidates. Contrary to the popular belief, these courses are pursued not only by candidates coming from a non-technical educational background but also those who have successfully completed their engineering studies. However, the latter group of candidates need to choose their MBA course carefully as they might not possess the requisite knowledge and skills necessary for completing the course in a successful manner.

Overall Career Expectations

The candidates also need to consider their overall career expectations while selecting an MBA course. There are several specializations offered by the colleges offering such programs to match the interests and career expectations of the management aspirants. In addition to the specialization offered in the fields of accounts, finance, marketing, human resources and operations offered by top 10 MBA colleges in Hyderabad, candidates can also choose to pursue other specializations including, IT, Health Care and Communication etc. The specializations are generally beneficial for candidates having a well defined career objective within a specific business niche.

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Accreditation Of The Institute

The type and level of accreditation enjoyed by the institute offering the MBA program is also an important deciding factor for most candidates. They need to understand the fact that all colleges and institutes are not accredited in a similar manner and hence might not enjoy the same reputation within the industry. As such it is important for the candidates to ensure that they choose a properly accredited institute, which is also recognised by the specific industry they intend to work in.

Type Of  MBA Program

Finally, the candidates should consider the type of MBA education they want to pursue. This basically means considering the time span and purpose of the MBA program. Even though the top institutes might offer only full-time programs, there are other renowned colleges that offer both part-time, online and even distant learning options to the candidates. The full time option is generally preferred by candidates who can dedicate their time completely for the completion of the course. However, the other options are more suitable for candidates who have to fulfil other commitments in addition to pursuing an MBA program for a bright future.

Looking to do your MBA in the City of Pearls?

Hyderabad has been historically known as the City of Pearls, City of the Nizams and City of Lakes. Over the last few decades, it has emerged as the information technology capital of India (just second to Bangalore) with a huge number of multinational and Indian information technology and business process outsourcing companies setting up base here. This has spurred the growth of technical education in the city with a large number of engineering colleges being established. Over the years, the education landscape has become well diversified with as many as 13 universities present in the city.

In more recent times, a number of MBA colleges have also been established in the city. Today the total count of MBA Colleges in Hyderabad is nearly 150. Several of these colleges are part of the state and private universities, a few of them are autonomous. Most of them offer part-time programs along with regular day programs. The city is home to a couple of top MBA colleges that rank within the top 10 and top 20 MBA colleges across India.

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Demand is significant

The demand for MBA programs stems from the large number of information technology, business process outsourcing and other private companies present in Hyderabad and neighbouring areas. There is a growing need for business skills such as marketing, finance, operations management and human resources to augment the technical skills of the engineering talent that are already available in plenty. This skill gap has led to companies looking for MBA students in addition to engineers.

So is the supply

The supply of students for MBA colleges comes primarily from the large base of engineers in the city. Apart from students from Hyderabad and the rest of the state, the top 10 MBA Colleges in Hyderabad manage to attract students from other states as well. The intake for these colleges is a mix of fresh students (primarily with an engineering background) with no work experience and those who have worked a few years in information technology and other companies.

 

Placements is the key driver

MBA education is expensive in Hyderabad like most other cities in India however, students do not mind shelling out the money thanks to the optimistic placement scenario of most of these colleges driven by the booming local and national economy. The primary reason for students to seek MBA education in Hyderabad is the large number of job opportunities available with companies in the city that require business skills, mostly in combination with a technical background. Most companies offer much higher salaries to MBAs as compared to engineers with the same level of experience. These companies offer summer jobs, part-time projects and campus placements at these MBA colleges to recruit students. The top MBA colleges also attract reputed companies from across India.

Hyderabad, as city has transformed itself many times. So, it won’t be surprising if it emerges as the MBA capital of India after being technical education capital.

Top MBA College in Hyderabad coaching oneself to gain Success in life

“Success does not lie in Results but in Efforts,

Being the best is not so important,

Doing the best is all that matters.”

 

So how do you do the best in order to achieve success in your life? I have always pondered, why people pay such hefty amounts to gym trainer when all they need is motivation enough to go out there and work out. Well! The experienced trainers help you gain more in less time.

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As a part of one of the Top MBA College in Hyderabad, I come across one question a lot. Why MBA? Did the top business tycoons in the world went to MBA College before they started their business. So why? Well! If they have decided to learn everything the hard way, not necessarily everyone could do that. MBA colleges do not make business tycoons but they show them the path and an understanding level to start walking towards the right direction.

Today, I am laying down a simple yet effective approach to coach oneself to success. Remember MBA Colleges in Hyderabad or anywhere can guide you to success but you need to walk on that path alone. So here are some tips to make the road easy for you:

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  1. Know what you want – As simple as it sounds, it is very difficult to know and accept what you want in life amidst all the insecurities of life. But it is easy to identify what do not make you happy and eliminating them one bit at a time. Try to identify the root cause of your happiness. Once you are able to do that, the rest of the bit would be fairly simple.
  2. Set a Measurable Goal – Now, you are clear what you want to do in life. But it is the bigger goal. Break It down to small measurable goals. For example, you must need to learn a new skill or meet new people related to some fields. Make a list and put deadlines.
  3. Take Action –Now that you have set the goals, prioritize each task and start working towards them one bit at a time. As soon as you scratch off one task, the confidence would begin to build up.
  4. Be Passionate – You won’t be able to convince anybody of your dreams till the time you feel passionately about them. Be passionate about what you are doing and the result will start flowing automatically.
  5. Be Persistent – Now the most important lesson. “Failure is just the first step towards the beginning of success.” So be persistent and do not give up if anything at all goes wrong. Think about Walt Disney, He was turned down 302 times before he got financing for his dream. Now, it is the happiest place in Earth.”

 

Best Reputed MBA Colleges In India – Helping Turn Aspiring Management Trainees Into World Class Professionals

There is almost always a never ending demand for really good managers in most business organization. In the modern times, the definition for a good manager has changed significantly from what it used to mean just a decade ago. Today managers need to blend the roles of a great leader and reliable mentor in order to be able to guide their team towards effective and timely fulfillment of organizational goals. That is why there is a great demand for qualified MBA professionals, especially the ones who have graduated from the top best MBA colleges in Hyderabad and other parts of India.

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Top Colleges – A Breeding Ground For Talented Professionals

 Over the past decade or so countless institutes offering different MBA programs have mushroomed in every city and town across India. In fact some of the really good MBA colleges in Hyderabad, which has emerged as the education hub of India, are no more than 8-10 years old. However, when it comes to choosing the most suitable professionals for tough management roles, most companies give preference to candidates who have passed out from the top colleges. This is because, these colleges have been successfully producing truly competent professionals, who have proved their mettle in both the local markets and on international platforms, even under the most challenging conditions.

What Makes Top MBA Colleges The Best Choice

When it comes to choosing an institute for pursuing an MBA program, most candidates desire to get enrolled in a top ranked college rather than a popular MBA college in Hyderabad or elsewhere.  This is because the top ranked colleges rarely cut corners or make comprises to provide the best quality education to their students. These colleges invest not only in the best infrastructure and faculty but also in the latest tools and technology that can help enhance the learning experience of the trainees. These colleges design their course curriculum in a manner that ensures overall personality development of an individual rather than just focusing on enhancing their educational, business and analytical skills.

Most importantly the top ranked colleges enjoy significant respect and recognition within the corporate sector, which proves to be a great advantage for the students. Most leading business organizations constantly monitor the teaching-learning process being followed at the best reputed MBA colleges in India and hence are well aware of the general competence and capabilities of the trainees. Moreover, they provide valuable insights to the management and faculties of such colleges about the latest work related trends, which further boosts the market readiness of the candidates.

VJIM’S ONGOING PLACEMENT FOR PGDM CLASS 2015- 2017 IS WORTH THE ATTENTION

Placements at Vignana Jyothi Institute of Management, Hyderabad reach new heights this season with recruiters having snapped up students as early as September. With 60 students already placed in reputed companies across industries, VJIM has made its mark in the onoing placement season for Management students.

Deloitte made a big swoop with a total of seventeen students followed by ITC, Tech Mahindra, TIME Education, Conduira Online, ICICI Bank, HDFC, Shriram Housing Finance wile the rest were picked by AutoRabit, Schindler, Fitch Ratings, Nestle Godrej Consumer Products. The average salary so far touched Rs. 5.4 lacs per annum with eighty percent median at Rs 5.0 lacs pa. The minimum salary offered to a student this year was Rs. 4.0 lacs per annum and highest offered, was Rs. 6.5 lacs per annum.

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The usual profiles offered to the graduates of VJIM are, Management Trainee, Audit Consultant, Associate Analyst, Asst. Manager, Financial Planning Analyst, Marketing Analyst, Tax Consulting, Research Analyst, Sales Management Trainee and Business Development Analyst.

Vignana Jyothi Institute of Management strives to provide differentiators that cannot be termed ‘ordinary’ or ‘suitable for all’. They do believe that the so-called competitive differentiators i.e. aspects that make VJIM unique when compared to other players in their field. It forms the basis of of their success and will allow them growth in a competitive and dynamic business market environment.

Vignana Jyothi Institute of Management’s Business Conclave helps to develop recruiter network and add new recruiters to their list in view of the increased batch sizes over the years. This has helped them greatly in the successful recruitment of all of their students since and after the year 2012. The conclaves help VJIM students to generate direct and indirect contacts. It gives students a comfortable environment to grow and exist in. Apart from that, programs like Deloitte Maverick helps students to gain access to people from various companies otherwise.

Placed with Deloitte, Anupama Gopakumar of the Class of 2015, says the nurturing and team values learnt at VJIM are what help her now that she is a year old in the corporate world. Ridhima Gupta of the class of 2015, who made it as a senior analyst at Facebook added that although it is the individual zeal to excel, VJIM’s environment was responsible for her learning and excelling with ample cheques and balances.

Classical Management Theories – Relevance in Modern World

After Industrial Revolution saw the light of the day, there have been many theories as to how to manage the employees in order to get the maximum value out of them. Frederik W. Taylor, the first management consultant in the industrial history came up with “The Principles of Scientific Management” where he considered employees as mechanical and only motivated by money. We have come a long way from that and today’s scenario do not completely support that.

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So why do Top MBA Colleges in Hyderabad, still teach these Classical theories. Because in today’s Startup Environment, where students from best MBA colleges in Hyderabad would end up becoming a part of the vibrant team where decisions need to be taken swiftly and implementation has to be as smooth as possible, these theories have become all the more important and there is something or the other to learn from each of the theory.

Here are some lessons you need to inculcate immediately in your management practices :

Taylor’s Principles of Scientific Management

The primary tasks of managers are :

  1. Planning the task in advance and breaking it into various jobs.
  2. Assigning the jobs to right person.
  3. Giving him all the guidance and training throughout for the best outcome.

Fayol’s Principle of Administration

Remuneration is the inevitable part of management. Till the time you do not appreciate the performance of an individual, his motivation will go on declining leading to a robotic employee with zero productivity.

Gulick and Urwick’s Coherent Set of Principles of Administration

Decentralisation or what we call a flat organisation nowadays was coined by these two individuals. They believed that maximum performance can be ensured if the managers/administrators ensure clarity of role in their team with decision making power dispersed throughout the organisation.

Max Weber’s Concept of Bureaucracy

Every individual in the organisation should be roles and responsibilities on the basis of his ability, skill and competence. A beautiful concept indeed, it says that any person can be a box full of surprises and a true manager would break the hierarchical chains and would bring such individual to the forefront and make the most out of his potential.

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The last among the Classical Thinkers gave the most important principle of all. She said that “Leadership by Function” is the most successful kind of leadership where a manager get into the iterative process with his team and come to a collective decision which is not imposed but decided by everyone equally.

More or less, manager since time immemorial needs to be judged more on his EQ rather than IQ. The ability to take adhoc decisions no matter how difficult and tough they are and getting people on board with them is what makes a good manager, something that books won’t teach you.

WATCH OUT FOR HYDERABAD SCHOOLS FOR PGDM 2017- 2018

Soon, very soon, aspirants will be queuing up for their entry to top b-schools with their entrance scores, picking out colleges that suit their need, apply, sit for the rounds of GD and PIs, brainstorm, analyze and finally seek admissions.  Over the years, thousands are flocking to the city of Hyderabad. The city over the years has been nurturing some of the reputed pvt. B-schools of the country. Those who are interested in PGDM courses can go through this list of premier b-schools of Hyderabad and research further.

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INSTITUTE OF MANAGEMENT TECHNOLOGY (IMT), Hyderabad: This particular institution was established in 2011 and is known for its PGDM in Marketing and Finance. It is AICTE approved and the campus has an impressive list of facilities hostels, a sports complex, housing for faculty, academic block, library building and dining hall. It has a record of getting its students placed in solid, well performing companies and provides a complete educational experience.

Vignana JyotHi Institute of Management, Hyderabad: With two decades of histry behind it, VJIM is synonymous to good quality Management education. Primarily a favorite of students looking for specializing in Marketing, VJIM Hyderabad anyday becomes a top choice because of its long established reputation of delivering top Management education. It was was founded in 1993 and has been approved by AICTE and accredited by NAAC, NBA and AIU. It boasts of great faculty, campus, alumni and resources — both academic and recreational. More than 2500+ alumni have graduated from the school and are now located all across the globe, heading major positions of leadership across sectors.

Institute of public enterprise : This Hyderabad business school offers AICTE approved PGDM in Retail & Marketing, Banking, Insurance & Finance, International Business and Human Resource Management. Established in 1964 they were pioneers and offered its management programs as early as 1981. It has a lush green campus, a gym, playground, Shuttle, wifi campus, industrial and foreign tours, library and computer centre for students.

Siva Sivani Institute of Management : The institution has been offering management courses since 1991.  The offered PGDMs are: AICTE PGDM (Triple Specialization), Banking, Finance & Insurance, Marketing Dual, Human Resource Management PGDM (Triple Specialization), PGDM – Banking, Finance & Insurance, PGDM – Global Business. Along with this, Siva Sivani is a residential institution with good amenities, faculty and a lot of centres for recreation. Companies that recruit are good and reputed.

Vishwa Vishwani Institute of Systems and MANAGEMENT: They have been offering PGDM courses since the year 1998. All offered courses are AICTE approved PGDMs and college is affiliated to the prestigious Osmania University. It has a great faculty, provides course delivery through business simulation and is residential.