Atharva 2016: Guest Lecture – “Invest in stock markets to beat inflation and to have a secondary source of income against an uncertain future” – Mr. Bharat Dave, Senior Manager, BSE IPF
In a session which was aimed at educating the students of TAPMI about stock markets and investment options, Mr. Bharat Dave began by giving a brief history of stock exchanges followed by that of the Bombay Stock Exchange.
He discussed the rights, benefits and classes of investment, the working of the National and Bombay Stock Exchanges and some functions of the stock exchange market. He elaborated as to how stock exchanges were always in place in the ancient times, during the time of barter system in the human civilization. Talking about the BSE, he said that it is the oldest exchange in Asia, has the maximum number of companies listed and is the first company to be recognized by the India Government under The Securities Contract (Regulation) Act.
Taking the discussion further, he elaborated the various advantages of trading at stock exchanges. He said, investing in stock markets provides liquidity, safety, returns on investments and tax saving benefits to an investor. He also discussed as to why one should invest in the stock market, giving reasons that it helps earn returns on our idle resources, it is a sound source of income, helps beat inflation, and provides safety against an uncertain future. For this purpose, he said that it is important that prospective investors have a sound knowledge of the investments that they make, spend only what is left after saving, engage in a good and sound financial planning, and also understand the tax implications of the same.
He then went ahead and discussed the principles of safe investments that one should keep in mind before investing in a stock market. He also spoke about the types of stock market, trade and settlement processes and the rights of an investor. Further, he gave the students a brief idea about mutual funds and various investment strategies. At the end of the lecture, he spoke about the new initiatives taken in the interest of investors.
He ended his speech with a quote, “Don’t go for the job, but create the job.”
When it comes to Prof. R.C. Natarajan, “Unlearning” is also a case-based learning!
In an engaging session organized by the Marketing and General Management forum at TAPMI, Prof. R.C. Natarajan gathered the views of students about their perceptions of unlearning.
He also shared how at most times, what we perceive might not be what the truth actually is. “To have a clear perception, it is necessary to sometimes make bullet points of what actually we have and what can be changed to see it in a new way”, Prof. R.C. Natarajan said.
Moving ahead, he spoke more about perception and enlightened the audience as he differentiated between ‘Buying and being sold’. Buying is what one chooses as per ones will and being sold is what another person is able to make him do. Prof. Natarajan stressed on learning adaptability and how welcoming new thoughts and ideas is an integral part of unlearning which is never about formatting and forgetting but is about setting aside previous learnings in the memory.
With reference to the Beer Game – a simulation game for Distribution Management, Prof. R.C. Natarajan where the purpose is to understand the distribution side dynamics of a supply chain. Unlearning for life follows the same principle of understanding the volatility of different aspects in ones environment and being able to balance it.
Based on a caselet, Prof. Natarajan asked students about how many perceptions a person can actually have, and how there is a huge gap between words and deeds of many people just because they are taught one way. Eventually their learning somehow becomes something else.
We have always been taught to follow what are parents and teachers have taught us and we lack the basic ability to question why. “Elders are always right” might not always be true said Prof. Natarajan.
Learning happens when one observes and adds additional information to it. Once these elements are assimilated into the brain, framing begins which creates a particular image of that person. This framing may or may not be accurate as it is based on our selective perceptions.
In his closing remarks, Prof. Natarajan said that “Unlearning for Life” is only possible when one comes out of his comfort zone and moves from his cocoon to the meadows. He encouraged students to take up things that scare them. Only then, they can understand what accomplishment really means.
M-Power by MGM – “A career in marketing is not for the faint-hearted!” – Professor Vinod Madhavan, Assistant Professor – Marketing Management, TAPMI
In a first of its kind session by the Marketing and General Management Forum, the students of TAPMI were involved in an enriching and informal session with Professor Vinod Madhavan. He spoke with an open heart and a free mind about the career prospects and challenges in the field of marketing and what lies ahead in the future. He also shared his personal experiences with the students to give them a taste of reality.
He began the session by telling the students that a marketer must know how to impress customers as they are the ones who get money to the table. The other departments of a company simply manage the money. He referred to ‘war’ as the synonym for marketing as it involves a stiff battle with direct and indirect competitors. To win this war, a marketer needs courage and ideas and hence, is not a career for the faint-hearted.
Marketing as a career option gives a diverse, dynamic work experience that gives rise to new challenges every day. It is also fast paced, involves a challenging environment very often and is faced with numerous internal and external pressures.
Moving ahead, he spoke of the skill sets that a marketer must have and told the students to improve on these during their stay at TAPMI. Firstly, a marketer must take the initiative or somebody else will. Secondly, he must have leadership skills in which persistence plays a major role. Thirdly, he should have good analytical skills as decisions are taken based on facts and not merely on intuition. Fourthly, the team is god as far as marketing is concerned. The fifth skill that a marketer must have is that he must possess radical and out of the box ideas. Lastly, he must have the communication skills necessary to convince others.
Moving on to career paths, he spoke of three traditional careers and two modern day career options. The traditional paths included sales, marketing (branding, project management, etc.) and a move from sales to marketing once an employee has gained enough experience. The modern day options included careers in analytics and digital marketing.
To end with he said that students must choose their careers wisely as digital marketing in India will take at least another 10 to 15 years to reach an advanced level. The infrastructural challenges, illiteracy rates, lack of access to technology and branding and communication remain hindrances in the path of digital marketing in India.
Tapmi played host to Mr. Bhuvaneswar Naik, Global Head Career and Talent Management from SAP who was present to deliver the CXO leadership lecture. From the word go, Mr.Bhuvaneswar Naik had high energy levels and seamlessly connected to the students. The speaker won over the audience by speaking about the local culture and adding humour to draw in everyone’s attention.
The topic of the lecture was “Leading between the fences”. It spoke of leading in times of turbulence, uncertainty and insecurity. Mr. Naik told the story of how SAP was able to succeed despite facing some tough times.
The speaker spoke candidly about issues that bothered the organization and how by sticking to certain core principles, they were able to tide over the difficult times. He shared with the students the ten principles, if adhered to, will not only benefit organizations but also be useful for us in our individual capacities.
The ten principles were as follows:
- What is your mission?
Every organization as well as every individual should be clear of the mission to be accomplished which acts as a compass to give one a sense of direction
- Turning Anger into Strength
Anger when used in the wrong way leads to havoc, but when is channelized positively can be a source of great strength
- Surround yourself with positive people
Optimism, and pessimism are both contagious
- Ensure Air- Cover
The top management should trust your decisions. In other words, build credibility
- Culture of Transparency
Create a culture of openness
- Engagement and happiness of employees are two different things
Engaging employees is pivotal to organizational success
- Create a sense of loyalty
Loyalty to the team, to the company and to the superiors and subordinates
- Removing bottlenecks
Bottlenecks stop you from achieving the desired potential. It is something that is holding you back from being the best you can be. So it’s essential to first identify them. Once identified, it is important to eliminate them
- Need to Act
The noblest of all intentions would mean nothing if there is no effort to act on it. It is important to act and act fast or risk losing to competition
- Believe in Human Spirit
At the end of the day, organizations are run by people. So the belief in the human spirit should never wane.
The lecture ended with some interesting questions posed by the students to Mr. Naik. The students had a very good learning experience, thanks to the speaker.
SCOPE, the two-day Operations Conclave came to a successful end on 1st November 2015, with a positive remark by Mr. Narayanan Kutty, Senior Director – DHL, who said that it was, “Great to know that the core industry term supply chain has now come into the textbooks of TAPMI”.
SCOPE conducted six Guest Lectures, two Panel Discussions and four competitions: Battle of States, Animus, Ops Quiz and Canvas. The Operations Forum also conducted the Ops Diaries sessions, where students with experience in the operations field shared their experiences with the organization, job role and challenges faced and overcome.
The details about the events and its winners are as follows:
Animus – The case study competition
First Position: Team Ops Apex – Nikhil Lohiya, Supriya Sood
Second Position: The OPS Gods – Yashaswee Sinha, Amrita Sosa
Canvas – Digital Poster Making
First Position: Team Colossus – Achintya Venkatesh, Sidhant Khadanga
Second Position: Teamm Canvatography – Ashutosh Agarwal, Aparajita Paul
Battle of States
First Position: Maharashtra – Ashay Veerkar, Garima Singhal, Chandan
Second Position: West Bengal – Moumitta Dutta, Arnesh Majumdar and Avisek Sarkar
First Position: Anirudh Vasudevan and Ashwarrth R
Second Position: Ankit Arora and Avinash Singh
First Position: Ravi Teja Palanki
Second Position: Niladri Chakraborthy
SCOPE 2015 felicitated Mr. Nayak for his encouragement and support after which Prof. Animesh Bahadur officially declared it closed for the year 2015.
Excerpts from the discussion:
Mr. Narayanankutty, Senior Director DHL
Mr. Narayanankutty started on a positive note that India has come a long way in terms of export in many sectors such as pharmaceuticals, Information Technology, textile etc. than what it used to be. However, the export growth in textile has dipped due to Bangladesh, which is exporting at cheaper rate. The main problem, though, is not the cheaper rates, but the residual waste that arises due to lack of skilled labors, manufacturing capacities, regulations, policies and ineffective core supply chain.
He emphasized that the need of the hour is reducing the bottleneck in supply chain, and the main factors which are hindering the smooth flow of supply chain are lack of political will and time consuming regulatory norms. He was optimistic that these bottlenecks would be reduced as the current government is more focused on ‘Make in India’ campaign. However, Mr. Narayanankutty believed that government should move away from supply chain control and should pass it on to some private conglomerate. The government should handle infrastructure projects through PPP model with more private control. He concluded by saying that the export growth in one sector not only generates employment in that particular sector, but also generates employment in the overall eco-system.
Mr. Rohit Sarma, Manager, Supply Chain Consulting, Chainalytics
Mr. Rohit Sarma spoke about the importance of ‘Make in India’ campaign and how it would help the government to reduce trade deficit while also acting as an employment generation catalyst. However, he was against the idea of reducing import, as the export oriented economies do suffer in a long run due to lack of domestic demand.
In his view, India should not only focus on promoting export in service sector, but also in new sectors such as space, defense and agriculture products. He was more focused on the agriculture products as he put forward a fact that half of India’s population depends on it. On the other hand, he also emphasized the need of an improved basic infrastructure like roads and railways which could be key elements in reducing cost while also improving turnaround time. Lastly, he supported the idea of having a multi-model support system to improve the efficiency of supply chain, as core supply chain is not that efficient.
Mr. Y. J. Rao – Senior Consultant
Mr. Y. J. Rao pointed out that there is a huge market potential for manufacture of generics. He stated that as far as intellectual property is concerned, India has an edge over most of the other countries and Indian companies are more reliable as far as supply is considered. He was of the opinion that only by looking at these aspects there is a lot of scope for exports, should India go for bulk manufacturing. The agrochemicals business also has a huge potential, he said.
SCOPE 2015, Day 2: Wordsworth – “Infrastructure is one of the major bottlenecks in today’s supply chain management.” – Mr. Narayanan Kutty Karayangal, Senior Director, DHL
Mr. Narayanan began his speech by giving a brief idea about the process of supply chain management. He said it is a complex and tedious process which involves sourcing, procuring, manufacturing, packing and transporting goods from one place of business to another. It basically means getting the right things at the right place at the right time.
He then discussed about infrastructure, emphasizing it as one of the major bottlenecks in today’s supply chain management. Some of the issues he touched upon regarding this were the condition of roads in India, lack of appropriate facilities for loading and unloading at the factories etc. He also discussed about the industry trends like creation of Special Economic Zones (SEZs) in India, terms of purchase and sale and so on.
Mr. Narayanan explained how finance plays an important role in the management of supply chain ranging from the viability of material cost to optimization of raw material cost. He also explained the importance of interacting with the customers to work out a detailed standard procedure of the supply chain. To conclude, he shared some of his personal experiences with the students as a senior manager at DHL along with a round of interactive question and answer session.