Why Women Are the X-Factor in the New Working Environment

New ways of working and leading are desired in today’s business environment.  In order to succeed in that system, organizations will need two fundamental sets of skills. The first being digital skills for which many organizations are actively hiring software developers, data scientists and analysts, experienced designers, and people with critical digital skills. The second skill set, however—is just as important: human-centred skills in areas such as communication, collaboration, motivation, emotional intelligence, creativity, and imagination.

The onset of the COVID-19 pandemic, its economic disruption and uncertainty, has only underscored the need for these skills. Over the next decade, these leadership skills will become must-haves as traditional, top-down approaches decline in the face of fast, highly collaborative, agile organizations. Nonetheless, today’s leaders will have to navigate uncertainty and comprehend the needs and challenges of various stakeholders in the ever-changing scenarios. Leaders must be empathetic and able to encourage others, inspire teams, develop relationships, and learn with humility, in a business world with increasingly differentiated, multi-functional teams that operate independently.

A NEW LEADERSHIP MODEL

While algorithms can perform standardised processes and make straightforward decisions much faster, cheaper, and more accurately than humans, other skills – which only humans can leverage, such as empathy, imagination, and judgment—are essential for complex problem-solving.

That’s why, in today’s agile organisations, leaders don’t just issue orders based on their own expertise or experience instead, they identify a problem and then support autonomous teams that do the actual work of solving that problem. Such leadership necessitates a level of vulnerability, such as someone who encourages and supports people who have better knowledge about a given subject than their superiors and are more likely to find a solution. 

Then, the question arises – How can women leaders contribute to this change? Something that many people already know – women tend to be highly empathetic, with strong emotional intelligence, active listeners who solicit ideas, collaborate, share credit, and change course when necessary. It has also been observed that when there are more women on a team, the collective intelligence of the groups tend to increase. Moreover, gender-balanced teams are how diverse leadership teams boost innovation than their competitors, and perform better. While empathy and relationship-building skills appear to be uncommon among leadership candidates, most organisations will find them in their own untapped pools of women employees and managers.

GROWING EVIDENCE OF WOMEN’S ABILITY TO LEAD IN THE NEW WAYS

Empirical evidence suggests that many of the essential leadership qualities are more likely to be displayed by women.  For example, a recent study published in Harvard Business Review found that women in leadership roles were ranked higher than men in a variety of key competencies, such as encouraging and motivating others, building partnerships, cooperation, and teamwork.

When looking at more granular skills, researchers from a German university discovered that women, in general, can accurately decipher emotions from people’s faces. Another research discovered that women are better at reading body language than men. According to a third study, men detect subtle signs of emotion like depression just around 40% of the time, while women can notice them 90% of the time. Furthermore, a study published in the journal Science found that having more women on a team improved the collective knowledge of the groups. Rather than attempting to dominate a conversation or a task, women are more likely to consider others, elicit feedback, listen actively, and take turns contributing. As a result, women-centric organizations have become more collaborative and better able to tap into the potential.

For organizations that understand the need to work and lead in new ways, and the imperative of diversity, the message is clear: workplaces need to identify people with these skills and put them in leadership roles. That was true even before COVID-19, but the pandemic has emphasised the relevance of empathetic, collaborative leadership. Companies that wish to reap the benefits of these leadership skills must increase their efforts to recruit, retain, and encourage women.

About the Author:

Payal Singh, a Production Engineer by qualification is currently pursuing MBA (Analytics) from IIM Kashipur.  She is a part of  Team Insite- Admission Support Body at the prestigious institution. You can connect with her on Linkedin.

Rising Steel Prices: Can Fintech save MSMEs in distress?

The Alumni Relations Committee of IIM Kashipur has served as a bridge to beget valuable insights about the role of Fintech in MSME from our erudite alumnus. This article covers the questions surrounding the issue of rising steel prices and how Fintech can save the MSMEs in distress.

A sharp rise in raw material prices, (especially steel) over the last few months has impacted the recovery of manufacturing, construction, and small and medium industries from the COVID-19 pandemic.  The MSME industry needs to provide steel at reasonable prices so that export competitiveness of value-added products is maintained

A sharp rise in raw material prices, (especially steel) over the last few months has impacted the recovery of manufacturing, construction, and small and medium industries from the COVID-19 pandemic.  The MSME industry needs to provide steel at reasonable prices so that export competitiveness of value-added products is maintained.

Fintech lending platforms have the ability to address the credit gap for small businesses. Most digital lending platforms which used to rely only on equity and debt capital are now also looking at post loan origination sources of capital such as securitization and direct assignment transactions to improve liquidity. The fintech, banks, and NBFCs will play a huge role in powering small businesses in the post-pandemic new world and will help in reviving the economies. These new and innovative lending models will not only strike a right balance between financial stability and growth but also encourage a focus on the credit needs of small businesses in the country and NBFCs and fintechs are considered as better equipped to support this endeavour.

To understand the reasons behind the bullish prices, we can look at some of the factors affecting the price of steel:

Supply And Demand-

As with any commodity, supply and demand is a huge factor that determines steel prices. The higher the demand and the lower the supply, the higher the price. As lockdowns were gradually eased and construction work resumed, steel prices started rising with the rise in demand.

Moreover, the prices of steel are determined not just by current supply and demand, but by forecasted supply and demand. The more information available, the better this can be predicted, and the less volatile prices will be. We must also strive to be aware of inventory in the supply chain in every link from the steel mills to the end-user.

Industry Trends-

Price is also influenced by the demand of the various industries steel is used for. If the auto industry is strong, for example, steel demand may be higher; the same goes for construction, packaging, and other businesses that rely heavily upon steel.

Costs of Materials-

Scrap metal and iron ore are two of the main materials used to create steel. If there is a limited amount of these resources available, demand exceeds supply, and the cost of materials will jump up.

Iron ore fetching a year-end price of $175 a tonne on the Dalian Commodity Exchange (DCE), is now the world’s best performing major commodity for the second year in a row. Indian Steel Association (ISA) calls for Government Intervention and demands a six-month ban on iron-ore exports, restriction of e-auction sale to steel- and pellet-makers. The Government suspects that the steel-makers might be indulging in the manipulation of production to lift prices, forming a cartel in the cement and steel industry. However, on the contrary, in the steel industry where two major players, namely, SAIL and Vizag Steel are government-owned are also a part of the same trend.

Costs of Shipping-

By the same token, materials used to create steel and finished goods can be costly to ship, a factor that may help determine the price.

Time of Year-

Time of year has its effect on many industries, and those that use steel are no different. Holidays, weather, and seasonal highs and lows affect the output of new products, either raising or lowering demand. Seasonality can impact shipping patterns and transit modes.

All these events have left the MSMEs in jeopardy. Nothing was happening for several months because of the pandemic. The projects were shut down or were on hold. The rise in steel prices is eating into their narrow margins making it more and more difficult for them to sustain. A big issue of MSME credit gap can be solved by fintech lending platforms if they are able to access reliable digital data sets that can assist with credit risk analysis and cash flow-based lending, the regulatory framework supports a low-cost KYC and customer onboarding process and if these platforms themselves are able to tap into a wider set of channels for their own sources of capital.

About the Author:

Mr. Shahrukh Khan, an Alumnus of IIM Kashipur who has completed his PGP in the year 2019 is currently handling the Product & Process – OfCommerce at OfBusiness. While at the campus, he has been a Class Representative and Joint Secretary of Wellness Coordinators. He has also represented IIM Kashipur in multiple TT Tournaments.

Management from a Homemaker’s Lens

The word Management as defined in the dictionary means the process of dealing and coordinating with people. Management is a never-ending loop that begins when one gets up in the morning and ends when one sets the alarm for the next day and goes to sleep.

 Management is always conceptualized as a fancy degree from a Business school and jargons like Presentations, Entrepreneurship, SWOT, ROI, etc. Management is inevitably present and significant in all these fields, but what we often forget is that management is applicable in all walks of life. It covers all facets of our lives. We ignore this fact because we have been so used to doing these roles that we have forgotten about the management nature. Even a trip to Goa with friends or relatives requires proper planning so to effectively manage one’s schedule for an enriching experience.

 If we deep dive into our daily life schedule, I see my mother implementing all my MBA lessons in some way and the best part is though those decisions or acts of her do not bring any life-changing decisions but are pivotal for the smooth functioning of the house.

 The duties of a homemaker are frequently looked down upon, but as we look closely, we can see that becoming a homemaker demands immense management skills. One of the most difficult examples of management is managing an entire family, taking care of everyone’s special needs, settling petty conflicts among children, maintaining the bonds intact, ensuring food is prepared on time. All this might sound so simple when we compare it to the life of an MBA graduate but it is equally challenging and complex.

 If we draw an analogy between the life of a manager and a homemaker, it is quite indistinguishable. The only difference is the nature of the work they both execute. Just like in an organization, A manager is the one responsible for streamlining the tasks, planning things ahead of time so that the needs of the clients are fulfilled on time, and addressing the grievances of its employees. In the same fashion, Homemakers must plan for the whole family, predict future challenges, multitask and make the most use of their resources, and be armed with plans for any last-minute hiccups.

 Let us take a few examples where we see homemakers implementing various concepts of MBA.

 Before buying any vegetable, she does a SWOT analysis for it and checks for if it is the best available product in the market.

She keeps a close record of all house expenses and makes sure every expense is recorded and gets tallied with the money she has in hand. In some or the other way, she exhibits great accounting skills.

She doesn’t have a degree but yes she is a perfect manager and a successful leader.

About the Author
Sakshi Poddar a Computer Science Engineer by qualification is now pursuing MBA(Analytics from IIM Kashipur. She is a part of various student bodies like the Media and Public Relations Committee and Admission Support Body. She is an IT professional with 2 years of experience in Hewlett Packard Enterprise. She loves traveling and dancing. You can connect with her on LinkedIn

Management is an Art!

There are many B-Schools to provide you with the Knowledge of Management but is that enough? Is knowing it all enough? I believe it’s not. To be a successful manager you need to possess the art of applying the right knowledge (the craft), at the right time (the vision) and most essentially, delivering efficiently to the right people (the communication). Books and professor’s knowledge can tell you what different tools and frameworks you can use but which to apply where needs an understanding so deep it will be a tragedy to not call it an art.

A good manager must also have imagination and the audacity to redesign their organisations or the way they work, just as an artist needs vision, and a strong commitment to realise them.

One may argue about the new and improving scientific methods being taught to and applied by the up-and-coming managers for better decision making, or about those skills to derive unexpected success by making probable failure surrender to competence and nerve. But Management has always been more than that. Not all great students have been great managers, and not all great managers have started strong. It takes more than just the technical skills and intuition to be a good manager.

To be a good business manager, one needs to perfect their skills in dealing with people and express themselves verbally, just as an artist needs to master his craft. 

Moreover, just like the art has no right or wrong similarly the managerial decisions can’t be labelled correct or incorrect. In fact, in management failures can lead to new opportunities. There is no perfect formula for success.

Therefore, I strongly believe that Management is an Art and the artist needs to keep on practicing the art to achieve the epitome of success in the career.

About the Author:
Dr. Ankita Gabhane, Dentist is pursuing MBA from IIM Kashipur. She is an active member of different student bodies like the Cultural Committee and Admissions support body. You can connect with her on LinkedIn.

Narrowing the gender gap and inculcating an inclusive environment at IIM Kashipur

While the gender gap and career development opportunities continue to provide barriers for women around the world, business schools are taking measures to ensure that women are more motivated than ever before and given the resources required to ensure they reach the top of their chosen profession. As a female student, I take immense pride to be part of an institution that has made constant efforts since its inception to enhance gender diversity and have left no stone unturned when it comes to what the MBA has to offer. 

Being a part of this prestigious institution, I have realised that the learnings as well as achievements are not restricted to be just classroom specific. All my female batchmates have shown active and equal participation on and off-campus, be it representing the institution in various B-schools & Corporate Competitions and emerging as the National Finalists and National Winners or running the campus along with their male counterparts through several clubs and committees while heading a few. 

It is the ripple effect of the combined efforts of all the women who joined IIM Kashipur and paved the path for equivalence, that the batch of 2020-22 witnessed a growth rate of 186 per cent in the number of female students joining the institution, compared to the previous batch. The current batch has a healthy representation of female students from 20 states and union territories across the country. To promote gender diversity, the institute has continued its initiative of sanctioning 15 supernumerary seats for women.

While we are on the subject of gender diversity, it is of utmost importance to realise and strike a healthy balance between the genders and promote growth, inclusivity and responsible management to ensure we give back to the society, future leaders who can inspire and set examples for the next generation of gender-inclusive leadership.

The vision set for students, is towards attempting for gender hypervisibility to be diminished and eventually disappear. At IIM Kashipur, we have come together in an attempt to develop leaders irrespective of the gender they belong to, who are not only mindful of the differences but also involve all categories of social distinction, so that they become leaders who form a workplace that is inclusive and equitable for all. 

About the Author:
Payal Singh, a Production Engineer by qualification is currently pursuing MBA (Analytics) from IIM Kashipur.  She is a part of  Team Insite- Admission Support Body of IIM Kashipur. You can connect with her on Linkedin.

Experience the international learning with IIM Kashipur

Learning about global cultures and practices is a crucial part of the process of becoming a manager in today’s business context. With this objective in mind, IIM Kashipur strives to expose the students to international dynamics through its student exchange programs. With the growing number of foreign partner institutions across 3 continents, and the eager participation from students, we are well on our way to building a vibrant exchange culture.

Student exchange happens through 2 programs, the first being the Long Term Student Exchange Program which takes place in Term 5 for MBA Core. The process is kickstarted in the month of January every year for the exchange which usually takes place during the months of October to December. Once the students are selected and all procedural formalities are done, they leave for their respective allotted foreign institutes to complete 1 full term of their course.

The students are able to study among the best minds of the country and learn from incredible faculties. Interacting with them exposes the students to various nuances of business dynamics in foreign countries which include Greece, France, Israel, UK and more. Students also learn about the cultures through the local food, art, music etc. The exchange program also gives an opportunity for students to travel across the country they are visiting, make acquaintances and establish networks.

This does not end here, IIM Kashipur also started the Short Term Exchange Program (STEP) in the year 2019-20 where students visited ALBA Graduate Business School, Greece. STEP is a 2-week international study program that takes place right after Term 6 ends, where students can visit an institute with the purpose of learning short courses and immersing themselves in the local culture thereafter.

With the introduction of the first-ever MBA Analytics batch, we hope to include them into the Long Term Exchange Program as soon as possible, so that they can also enjoy the benefits of learning in an international setting along with their peers in the core batch.

About the author:

Bibhudat Bihari is pursuing his MBA at IIM Kashipur majoring in Marketing and Finance. He is the secretary of the International Relations Committee at the institute and is also a member of the quiz club. You can connect with him on Linkedin

Case Study Competitions – How to make the best of opportunities!

Hear out Shubham who is an Industrial Engineer by qualification. He has completed his MBA from IIM Kashipur (Batch 2019-21) and has been recognized as the Top Competitive Leader from the Institute featuring him in Forbes India.

“The price of victory is high but so are the rewards.”

Corporate competitions have been an integral and consistent part of my MBA journey. Especially in the 2nd year, when the entire classroom program was shifted to online mode, there was hardly any day when I wasn’t involved in brainstorming ideas for any competition. Hearing about being the Top D2C Champion from IIM Kashipur and my Institute being ranked 4th, particularly when I was finishing my MBA journey, was the best way I could have summed up the significance of all my efforts.

Participating and investing time in multiple corporate competitions is indeed a difficult decision, especially amidst the conventions of a B-School, where a student has various academic commitments, projects, case studies with sacrosanct deadlines. There have been times when we had overlapping deadlines-prioritizing became the key factor there. There have been times where my team had to discuss and devise strategies working remotely, or work on competitions during the end term examinations as well. However, the extent to which these competitions enhanced my managerial learning by providing a parallel exposure to real-time industry-wide business problems, and a platform to evaluate my approach to these problems, made me keep the spirit alive and kept me going at every point.

During this time, I explored various domains, ranging from proposing a new product line in Market research for Thoucentric Bottoms-Up to preparing a Business Development Plan for CarEasy Spark. While proposing Supply Chain strategy for Tier-2 cities in the Flipkart Wired helped me gain perspective of the logistics industry, building a healthcare ecosystem in Infosys Ingenious and Optum Stratethon provided the insights of the technological advancements of this sector. Participating in 3M-CII helped us build a tech enabled product with a social impact. AGS Horizon navigated us through the emerging domain of hyperlocal fintech. In addition to this, I also participated in multiple B-School level competitions and managed to win a few. With this, I ended up with 2 National Winners, 1 Runners Up, 3 National Finalist, and 5 National Semi-Finalists in my tally.

Some key aspects that MBA aspirants should keep in mind, though these are not exhaustive:

  1. In the initial year, experiment with building your team for the first few competitions until you get the right dynamics. Try to build a core team that will have zilch or constructive friction and no free-riders. Find members who have expertise, say it be market research, designing or technical domain knowledge. Motivate them. Teach them. Learn from them. And improve each other.
  2. Making the most of your network, connecting with industry professionals to gain relevant key insights is of paramount importance.
  3. The execution should be kept in mind so the idea should be minimalistic. Be thorough with your ground research and workflow. Try incorporating frameworks/models learnt in class.
  4. During the presentations you need to ensure that you cover all the important content in the stipulated time frame. Try to make it as crisp and concise as possible. Ideally you can follow the approach – Problem Statement, Research, Insights, Ideas, Feasibility, Financials and Timeline.

Consistency and meaningful participation in competitions can increase your MBA learning to a great extent. Instead of taking it as only participating, take these as learning curves. If you want to make the most of your MBA journey, competitions undoubtedly provide a platform for you to learn and unlearn. My suggestion to juniors will be to participate in maximum number of competitions, keep yourself updated about recent developments and innovations, and always keep the hunger alive.

About the Author:
Shubham is an Industrial Engineer by qualification. He has completed his MBA from IIM Kashipur (Batch 2019-21) and has been recognized as the Top Competitive Leader from the Institute featuring him in Forbes India. He is an IT professional with 2 years of experience in ZS Associates. In his past time, he likes sketching & playing video games. You can connect with him on LinkedIn.

Prominent platform for Entrepreneurship at IIM Kashipur

 “All our dreams can come true if we have the courage to pursue them.” – Walt Disney

As per the above saying, anyone can become an entrepreneur who understands that entrepreneurship is a very long and arduous ordeal. MBA is also considered a gateway for achieving the entrepreneur dream. Every year, thousands of students take the CAT exam in the hopes of getting into a prestigious business school and taking the most sought-after course, the MBA. These students strive hard to gain admission to a prestigious institute such as IIM, with the hope of a better future and the drive to excel. Out of thousands of applicants, only a few hundred are admitted into an IIM. Some students hope to obtain a high-paying job after enrolling in an IIM, while others seek managerial training and an environment that will allow them to pursue their dream of becoming an entrepreneur. For those who want to start their own business and embark on an entrepreneurial adventure, IIM Kashipur is the place to be.

Among all the newer IIMs, IIM Kashipur is emerging as a hub for entrepreneurial growth. The most important aspect for becoming an entrepreneur is the requirement of a unique and novel idea that demands the necessity for innovative thinking. Understanding this requirement IIM Kashipur serves as a spoke in the DIC (Design Innovation Center) community which is involved in building the thought of entrepreneurship in the young inquisitive minds. Help-Himalayan education learning program, Hum- Himalayan upliftment movement, Hill- Himalayan innovation of land to the laboratory are the innovative outreach programs introduced to enhance the culture of innovation, design thinking, and creative problem solving among the community by disseminating the knowledge in every sphere of the society.

Further, IIM Kashipur is assisting future entrepreneurs by adopting an academic program to assist future start-ups, as well as launching projects such FIED by the Entrepreneurial cell of IIM Kashipur. The Foundation for Innovation and Entrepreneurship Development (FIED) is a project aimed at developing and improving India’s entrepreneurial ecosystem. FIED is expected to incubate India’s most promising start-ups in the areas of tourism and hospitality, agriculture, art and craft, and education with the help of the Ministry of Agriculture, the Department of Science and Technology, the Government of Uttarakhand, and other supporting partners. FIED operates with the intention of being the leading incubator by 2025, with the goal of establishing India as a hotspot for entrepreneurship research, growth, and training, as well as assisting start-ups with funding and comprehensive mentoring.

FIED has successfully incubated 150+ ventures, has engaged 500+ entrepreneurs, raised 50 crores of funding, and has established a network of 100+ investors setting a stage for the budding entrepreneurs to learn and establish their dreams. It has also started two new ventures RKVY – RAFTAAR, and Drishti to promote the start-up culture in the young minds of the student fraternity. With the immense success of the very first program it undertook, RKVY RAFTAAR, FIED had a very successful start-up year. More than 350 applicants from across the country applied for the program, of which only 37 start-ups were chosen at the IIM Kashipur Campus for the two-month training program. Ultimately, 22 start-ups, up to 25 lakhs, obtained final funding from the Ministry of Agriculture. 

  • RKVY – RAFTAAR: RKVY Raftaar – There are two programs offered to start-ups under RKVY Raftaar – Sahas and Saksham, which provide an opportunity to receive funding, mentoring & help for the launch and support of commercial products. 
  • SAHAS: Sahas is mainly an Agripreneurship orientation program for startups at the pre-seed stage. The start-ups which are in the ideation stage and have their focus areas concentrated in increasing the efficiency of agriculture can apply to this program. The start-ups have the opportunity to receive 5 lakhs grant-in-aid after the successful completion of this program. The trainees who are selected for this program receive a stipend of Rs 10,000 for a period of two months. The focus areas of this program include – Sustainable inputs, Animal husbandry, Innovative food technology, Supply chain technology, Smart agriculture, Agri Fintech, Agri Biotech, Soil, water & weather technology, Farm mechanization, post-harvest technology, Fisheries, Farm fresh retail, Urban/vertical farming, ICT/IOT in agriculture. 
  • SAKSHAM: Saksham is mainly an Agripreneurship incubation program for start-ups at the seed stage. The start-ups with at least a minimum viable product/ prototype based on innovative solutions in Agri and allied sectors. The start-ups have the opportunity to receive grant-in-aid up to Rs 25 lakh after the successful completion of the program. The start-ups would also receive additional help and mentoring for the successful commercial launch of the program. The program offerings and focus areas of the program are the same as that of Sahas initiative. 
  • DRISHTI: Drishti is a start-up and incubator program by FIED for start-ups working in Edutech, Foodtech, e-commerce, and food safety. The initiative is mainly to mentor and supports the start-ups in the successful launch of the commercial products. The start-ups would also get an opportunity to connect with various investors and partners where they would be guided by industry experts on various growth strategies. The start-ups can avail of seed funding as well as an IIM certificate after successful completion of the program. 

FIED of IIM Kashipur not only imparts the zest to achieve and follow up their dreams of becoming an entrepreneur in the minds of students but also helps the entire community to nurture and foster the start-up culture. With the DIC and FIED, IIM Kashipur never fails to astound us with its steps and ventures in sculpting an entrepreneur to serve the future community.

About the author:

Deshmaa R T who is a Biotechnology engineer by qualification is currently pursuing MBA (Analytics) from IIM Kashipur. She is a part of various student bodies like Media and Public relations committee, Quest – The Quiz club and Team Insite – Admissions Support Body. You can connect with her on LinkedIn.

An Internship Experience at Agri-Tech Startup and how it converted to a PPO

PPOs are a major aspect for B-School students in securing a qualified and exclusive offer from companies that they wish to work for in the future. The idea to convert your Summer Internship into a full-fledged Placement Offer is not easy but not impossible too. This article provides a better glimpse of what one needs to keep in mind while looking to secure a PPO.

Agrigator, which is a seed-funded Agri-Tech Startup, is involved in Supply Chain and Logistics stream for providing a B2B Marketplace between the Producers and the Buyers. It was duly catering to HORECA outlets (Hotels, Restaurants, etc.) and FPIs by transporting food grains directly from Farmers and related sources, leading to a reduction in transaction costs, time, efforts, and simplifying the operations of such an unorganized system.

Keeping yourself in such a position, there are a few things that you can follow to slowly chart yourself and the learnings you receive in due course. Firstly, it is important to completely familiarize yourself with the ins and outs of the concerned organization and the sector that it functions in. Usual ways include following Annual Reports, Sector-Specific News from verified sources, Online Government Resources and Databases, and interaction with Industry Experts and the employees of the organization themselves. This will build up a robust base for you to understand your line of work for your project

Next, you must continue to interact with your assigned mentor or individuals who work in the same fields/organization to also understand the core competency, relative competition, domain-specific business strategies, and business models. This will ensure you are now settled enough to understand the assigned problem statement for the project and the outcomes/metrics that will measure your performance for the same.

Post this, it is time to directly jump into your project and use your acquired knowledge and resources to design a flowchart of your activities to arrive at a solution. This will involve a preliminary plan to proceed, important parameters to focus upon, following up on previously devised industrial practices, framework analysis, and carefully constructed notes on emerging trends and developments in the industrial market.

To make things easier, communicate with various stakeholders and experts that provide a concise view on the strategic feasibility, implementation, and impacts that a step of approach creates to resolve different issues. Gradually, clarity evolves to choose the optimal way to proceed that provides or maximizes the utility of the defined outcome. Typical meetings or regular brainstorming of ideas can greatly reduce doubts and little hiccups that you encounter on the way. Therefore, don’t rush to obtaining a solution without confirmation and thorough research of facts to avoid last-minute crisis. These little things go a long way to ensure that your final presentation is well received by the majority of stakeholders that reflects the ways and values the company aligns itself to.

Last but not the least, be prepared with anticipated questions and doubts that you are likely to face regarding the work you have done, outcomes achieved and the notes on the Final Presentation you will present to the concerned officials. It is no wonder that your Presentation skills should be excellent with the concise textual matter but supporting visual reports and facts that enforce your views and looks to the proposed solutions concerning various scenarios.
Keep a cool mind and be confident. The rest is on your meticulous way to manage your time and efforts to the fullest.

Getting a PPO depends not only on how well you did, but how well you reflect your skills and knowledge to be part of the company!

About the Author:

Som Samantray, a Chemical Engineer by qualification has pursued MBA (Marketing and Data Analytics) from IIM Kashipur. He has been part of various student bodies like the Econs-Economics Club and TEDxIIMKashipur. He is a fresher and is an ardent reader of books and novels and a blogger. You can connect with him on LinkedIn.

How to ace Summer Internships from the lens of an ICICI PPO holder

The batch of 2020-22 is looking forward to their internships amid all the uncertainties around. Hopefully, this little helping hand from my experience and learnings of my internship with ICICI Bank Ltd. will help you plan your internship better, especially if you are looking to secure a PPO:

1. Understand your deliverables: Be clear with the deliverables and expectations of your project. It is better to know your focus areas in the deliverables.

2. Schedule to finish your SIP deliverables in 6 weeks: If you are on two months SIP, keep the last two weeks for any unforeseen issues, prepare your presentation, practice it and present it to your mentor before your final presentation.

3. Listen to as many employees as possible: You might be new to an industry and organization. It is tough without the experience of people inside to comprehensively complete your deliverables. Hence, listen to as many associated departments and employees as to widen your understanding. 

4. Let your guide keep track: Most of the time, your mentors might also be busy with their routine work. You must update your day-to-day work to them. You can share a tracker sheet where you can update your work regularly. Also, it is good practice to share your weekly reports and presentation.

5. Maintain your relations: While you connect to many employees in the organization, your approach, behavior, and people management are widely noticed and sometimes regarded above your work. Hence, maintain good relations with people around, especially with your guide and manager.

6. Keep your references handy: During your story creation, back your thought process with your research reference. It adds credibility to your ideas, highlights your understanding, and shows your work.

7. Focus on Story Line: During your final presentation, focus on your story and inferences along with relevant data. Try not to pack your presentation slides with data. Also, mention your challenges and learnings from your internship towards the end of your presentation.

With these tips, I wish good luck with your SIP to the whole of the bright minds of batch 20-22. Hope to see you all on the other side with a PPO.

About the Author:

Vineeth Rao Sudhati is a student of MBA, batch of 2019 -21 from IIM Kashipur with majors in Operations and Marketing. He is a part of various student bodies like the Alumni Relations Committee and Prep Cell. You can connect with him on LinkedIn.