Go beyond with Strategic Management

Go beyond with Strategic Management

Go beyond with Strategic Management

“Strategy Execution is the responsibility that makes or breaks executives”
—Alan Branche and Sam Bodley-Scott, Implementation

Strategic Management is crucial in the success of all kinds of ventures. Deciding not to apply this technique in any business plan is a recipe for disaster. Don’t believe it? Let’s take a look at small businesses as an example. They are recognized as the engines of economic growth. In India, they are the second largest source of employment after agriculture, contributing to nearly 42 million jobs. Every year they create one million more jobs and this is just the data extracted back in 2008.
So you can see why they are the foundation of our economy, and consequentially, the lifeline of the common man. But more than half of these start-ups don’t make it past one year of being operational. There could be many reasons for business failure, but analysts have found that the real culprit behind this is neglecting strategy management. The consequences have been loss of employments and economic instability.

Strategy Management: The key to survival:

Growth is extremely important. Just staying stagnant and trying to survive is not a good strategy. If businesses want to succeed there needs to be constant customer acquisition, customer retention, and a positive cash flow index. Even then, many still find themselves in dead ends, unless, they are willing to constantly learn and change up their tactics. This, needless to say, can be achieved only through strategic planning and execution.

Fulfilling the need of the hour:

Let’s look at sectors apart from big enterprises and focus on others, like schools for example. Schools are required to provide quality learning & development to students. As soon as an academic year ends they need to look at their syllabus and determine if it is still relevant to today’s rapidly changing world. Also, because of the increasing pressure from society and the government they need to keep their programme continuously updated. As such, schools don’t have the luxury of closing down and must continue to then form a strategy for the future by looking into the past i.e. implementing strategic management into their administration.

Setting up for the future:

Hence, it shows that in any sector it’s not sustainable to be ‘reactive’ anymore but necessary to be proactive. Since 1950, when strategic management was first originated, there has been a growing demand for implementing proper strategies. Its importance has been noticed and many top institutions have offered executive education on Strategy Management. IIM Ahmedabad, the top ranked B-School in India has an executive programme that dives into the fundamentals and execution of strategic Management. Take this opportunity to learn about this how this technique can be used to in your venture. Click Here to know more


What is Strategic Management, Really?

What is Strategic Management, Really?

What is Strategic Management, Really?

Why you should care about strategy in business

It has been reported by Forbes that just 25% of every start-up succeeds; the remaining 75% fail to find an exit strategy. This means that amongst the 3000 new businesses launched in 2018, just over 700 of those start-ups still exist today. The results of this are: unemployment for thousands, loss of capital for investors & market fluctuation that affects the common man.
Since an organization is a massive entity with huge underlying investments, strategizing becomes a necessary factor for successful operation. Else, it would fall under the 75% category of failing businesses. The establishment of a good strategic business management counters this. Its motive is to overcome challenges by providing innovative solutions and keeping a business out of the water.

Looking at the evidence:

The first research ever done on the role of strategizing in business was back in 1965. Since then, countless researchers have tried their hand at defining what it really is. But after many attempts different researchers had different takes on the meaning of strategic management. For example, some define it by referring to general managers, while others do not. Some refer to the overall organization or firm, while others do not. Some refer to the organizational performance, some to external environments and some to internal. So you can see there’s a bit of confusion regarding what strategic management is.
To get a clear picture on this, Rajiv Nag & Donald C. Hambrick published their famous “What is Strategic Management, Really?...” They took a set of business experts from different fields and asked them to define strategic management. After gathering the definitions of 49 or so experts, they picked out the words used most frequently in each definition. For example, words like, strategy, innovation, initiatives, acquisition, Investment, operation, resource & performance were most common.

The Paradox:

Rajiv Nag & Donald C. Hambrick did manage to form a definition with the information they found. Their definition was – ‘The field of strategic management deals with the major intended and emergent initiatives taken by general managers on behalf of owners, involving utilization of resources, to enhance the performance of firms in their external environments.’
But there’s a catch. At their conclusion, this is what they had to say: “Strategic management’s apparent weakness seems to be its strength. Its amorphous boundaries and inherent pluralism act as a common ground for scholars to thrive as a community…” They intend to say that having different meanings for strategic management is in fact a good thing. It allows this term, strategic management, to be properly defined through this. Because it encompasses such a broad spectrum, having several definitions maintains its identity.

The Real Definition:

Today, experts say that focusing on a definition for strategy management is not the right approach. If one wants to really understand business strategy it would be easier to focus on its process. The way it operates is through answering questions like:
• What differentiates the company from its competitors in the eyes of customers and other stakeholders?
• Which skills and capabilities should be developed within the firm?
• What are the important opportunities and risks for the organization?
• How can the firm generate more value for investors?
Strategic management is about responding to these questions and acting accordingly.
There are countless institutes out there today imparting the knowledge of strategic management to people worldwide. And a career in this field is not just a viable choice but exceeds traditional MBA degrees today. If you are curious about this field, take a look at this page and see how it can transform your career.


How does an online MBA course help juggle work and career?

How does an online MBA course help juggle work and career?

How does an online MBA course help juggle work and career?

Balancing a degree along with a job while having to find time for family and friends seems a bit challenging at times. Nevertheless, the average age of most of the people who pursue an Executive MBA is approximately 36, with a majority of them being employed and having families. However daunting it may sound, academic experts at Jaro Education, one of the top education service providers in India, review that every year many students around the world pursue an Executive MBA for reaping its rewards afterward, getting a hike in salary and even getting promoted to higher roles.
Leaving the job to get a degree in MBA isn’t your only option. Luckily, with the increase in demand for flexible learning, traditional on-campus learning has also evolved.

Flexibility

Most of the online MBAs provide the same quality of education as the on-campus MBA programmes, the only difference is in the delivery and flexibility. The online MBA programmes include both synchronous and asynchronous learning. Hence the programmes are designed in such a way that they are highly adaptable to the complex schedules. At times, the classes are scheduled in the evening so that one can study accordingly without having to take time from work. This flexibility helps people balance work and family life while upgrading academic qualifications as well.

Affordability

For most of the MBA prospects, studying while having to look after the family may sound beyond their means but with the right research, one can find a quality online MBA course at an affordable price. On top of it, studying online means no commuting cost, textbook expenses, and other campus-related expenses. According to experts at JaroEducation, the affordability of an online MBA program can help you study while working without sacrificing your income.

Exposure

Since the online MBA programmes require no in-person interaction, you can have the perks of digital interactions and classroom participation among the different faculty members and students from all around the world. Thus, you can increase your knowledge base and get to build powerful networks beyond your workplace that can present you with new opportunities once you graduate.
Online MBA is an ideal choice for those who have a family to look after, can’t give up their jobs and don’t want to move to a different location for business school. Jaro Education, one of the top education service providers in India, caters to the need of working professionals from reputed universities and colleges for pursuing an MBA online.


Bringing your Love for Finances and Management Together

Bringing your Love for Finances and Management Together

Bringing your Love for Finances and Management Together

The MBA has been a trend in the education industry since its conception. The opportunities and scope of growth that an MBA gives can’t be surpassed. The advent of executive and online education has only made this profession more popular. While we all are aware of boons of a management course, here’s a unique new way in which an executive MBA can add value to your career through the niche of Finance.

There are countless MBA courses across the nation and each one has its own benefits. If you earn a specialization at the end of an MBA course, nothing like it. The business world needs experts with specific and applied knowledge for the constantly evolving industry.

This is why many institutes, like NSE Academy, have innovatively offered an ‘Executive MBA in Financial Markets’, a rare blend of management studies and financial markets. The emphasis here is on practical learning which will be fostered through its management curriculum imparted by their partner GNIMS, a renowned business school for their MBA & PGDM programs. This is an ideal blend of relevant academic knowledge and its application to financial markets.

What about the Earning Potential?

The remuneration offered to students with an MBA-Finance degree is quite high. This is due to equity, currency derivatives, mutual funds, etc, becoming a growing trend among professionals in India. The National Stock Exchange in India has built this programme from the ground up, intertwining it with an Executive MBA. NSE Academy combines the two most in-demand sections of any organization. Thus, resulting in a career with high salary potential.

What are my Future Options?

Graduates can get employed in roles such as Asset Management, Corporate Banking, Credit Risk Management, Hedge Fund Management, Private Equity, Financial Research Analyst, Portfolio Manager, Investment Analyst, Cash Managers, Accounting Managers, Investment Bankers, Corporate Finance, and Derivatives Structuring. These positions require financial market knowledge and management prowess. Exactly what is inculcated through this programme of NSE Academy and GNIMS. You can easily depend upon the management modules of GNIMS and the live trading simulations of NSE Academy for mastering every relevant skill required to lead in the industry.

Am I Eligible?

Anyone with a graduate degree from a recognized university is eligible for this programme. However, since it is a course that conducts its lectures over the weekends, it is a great choice for working professionals. You don’t need to compromise on your career since NSE Academy has got your back. Its examinations are flexible too and no employer could doubt the credibility of NSE Academy and the practical experience in markets that they provide students with. If that wasn’t enough, they give you 12 distinct certifications after completing the course.

If you are still unsure our academic experts are here to guide you and answer every question. Click here and ask away, your career in Management career in financial markets is waiting on you.

Entrepreneurship Then and Now!

If we are to speak of 'Entrepreneurship - Then and Now', we start with the question, how often have you heard or come across the word "entrepreneur" recently? Almost every other person irrelevant of their field is carrying the title of “entrepreneur”. Why? As Wikipedia defines, an entrepreneur is a person who starts, organises and manages any enterprise, especially a business, usually with considerable initiative and risk.

From a time to when leading a business centered on arranging the capital money, to now, where "entrepreneurship" is said to be a state of mind; business leadership has changed leaps and bound. Here are 3 major factors through which entrepreneurship has evolved over the years.

Diversity:

Gone are the days when businesses leaders evolved from the families. Today, establishing or leading a business doesn’t mean having ample of financial background or being the jack of that particular product or industry. While having the knowledge in these areas is still mandatory, there are business leaders coming from various walks of life. The leading positions in the management industry now have women, engineers, doctors, and even artists holding them. With young entrepreneurs who have the instincts for business leadership have been taking up courses like part time MBA causing the rise of a new wave called “Youngpreneurs”. To run and lead an organisation now is easy and that brings a diverse group of people to that position all thanks to the management studies made available through courses like part-time MBA.

Advancement of Technology:

Technology doesn’t spare the business world from the massive change that it brings. Studies say that 70% of the business decisions need to be data driven in today’s date. With ecommerce, automation, and other such innovative phenomenon, every organisation has more and more technical professionals on their radar. For e.g. Satya Nadella, the Chief Executive Officer of Microsoft, Sundar Pichai, the Chief Executive Officer of Google etc, are business executives while being an engineer too. With the help of part-time MBA courses, many innovators are themselves establishing and running their business with the ease of technology.

Globalization:

Globalisation along with technology has brought the world closer than ever. Entrepreneurship is no longer limited to or bound by the local scenario. In fact, thesedays several companies are going global-first. Many MBA part-time courses have curriculum based on the global business environment in today’s date. This is due to the fact that every organisation is looking to reach its zenith which is being a globally recognised brand. Unlike the old days, today, a business leader can take his company or product to several countries right from his location. India estimates over 59% of improvement in the global economic growth in the coming years making its CEOs the most confident about revenue growth in the coming years as compared to other countries.

While the business world is evolving, entrepreneurs are evolving at a rapid speed and leaving a mark at every innovative step of theirs. If you want to be a part of this dynamic and ever growing world, pave your way to becoming a successful business leader with one of our part-time MBA courses.