Opinion on budget 2017 and its features by Vinayak Banakar , Semester 1

                    The features of 2017 budget are expected to take India into a new horizon, bringing a sigh of relief and smile on the face of poor and peasants’, making them feel secure against natural calamities as Indian agriculture is a gamble with monsoon. 

Budget 2017 - highlights and opinion 

                  The huge investments on the rural and agri sector are expected to double the income of rural community. Enhancement in PG seats, introduction of courses on foreign languages, international skill centers set up will turn to be a silver lining for the youth enhancing the rate of employability. Energy production based investments and Strategic policy on crude reserves will address issues of energy crisis steering to sustainable development.  Reduction in tax rates will not only increase the savings but also brings about financial security to the middle and lower strata. People’s participation in effective governance is a clear reflection of transparency in the system. This would lead to a positive vibration of economic growth of 7.5% during this financial year. All these clearly indicate a sea of changes leading to a robust economy.   

Vinayak Banakar , Semester 1 , SMSR, KLE TECH ,Hubballi

Good to read

Man Mohan Singh and I had the same speech for 1991 Budget : Yashwant Sinha

http://economictimes.indiatimes.com/news/politics-and-nation/manmohan-singh-and-i-even-had-the-same-speech-for-1991-budget-yashwant-sinha/articleshow/53361930.cms

24th July 1991 was the beginning of new era - LPG. Now we have to review our 25 years of journey. You may post your comments.

Work wins over Smart  must watch video.

http://ed.ted.com/lessons/richard-st-john-why-it-pays-to-work-hard

Research Experience

Today industry and academia is focusing on research, research mindset and aptitude.  Operational roles are being seized due to automation. The industry expects the human resource should have the knowledge and skills to critically analyse situation or data and make decisions. To meet this requirement, SMSR is offering Research Experience (RE) to MBA students. This track will help the students to know and use research methodology in solving the problem. In this track students are expected to pass through all phases of research . Further students intended to pursue Ph D, RE will put them  in fast track.

RE track is spread in two semesters (III and IV). The credits allocation for this would be around 10. Student has work under a supervisor. Finally student has to submit report and publish papers.  The experience in the previous two batches was excellent and they were highly satisfied.

The areas of RE
  1. Survey and analysis of infrastructure facilities for SMEs in Hubballi-Dharwad
  2. Impact study of ERP training for MBA students
  3. Smart City : Hubballi-Dharwad a case

Guest Lecture on Human Resource Management by Satish Shet ,28 May 2016

Human Resource Management(HRM) in today’s context is defined as process of managing the people in organizations either in a structured or thorough manner. This covers the fields of hiring people, retention of employees, pay and perks setting and management, performance appraisal management, change management and taking care of exits from the company to round off the scheduled activities.

HRM function in contemporary organizations is concerned with the notions of employee enabling, employee development and focuses on making good employment relationship between the management and employees.

In today’s technology oriented world, some MNC’s (Multinationals) call HRM managers are as people Managers, people enablers and the HRM practice as people management and development.

Consider example of Manufacturing Company XYZ,

KLETU SMSR Guest Lecture Series

Production department is a sector in company responsible for converting inputs into outputs through the stages of production processes. The Production Manager is responsible for making sure that raw materials are provided timely and made into finished goods efficiently.

Quality department takes care of all quality issues related to products and services.

Marketing department promotes business and drives sales for products or services. It provides the required research to identify target customers and other audiences.

Finance department is a part of an organization that manages money. The business functions of a finance department typically include planning, organizing, auditing, accounting for and controlling its company's finances,budgeting and forecasting. The finance department prepares and produces the company's financial statements.

Consider a scenario wherein there is vacancy for a post of Design Engineer, the situation is that there are only 12 companies around the world and only five are in India. These companies in India are located in different states wherein the design engineer post is filled with high level skilled employee who has no intention to quit the job.

The task of hiring Design Engineer for this post in this scenario is really challenging for HRM,the possible approaches it can take is,

• Consult job agencies located in that area.
• Build employee, employer network in social media platform like Linkedn, Naukri etc.
• Contact international job agencies if employees can’t be hired from India.The HRM needs to be cautious while writing Job duties, responsibilities for the required post.  
• Taking references from already contacted companies and follow them.

Besides this HRM should follow good telephone etiquettes whenever he calls up to the job seekers and the main things to be told on Phone call included,

• Caller name, designation
• Company name
• Company Establishment year 
• Job requirement 
• Products/services 
• Number of employees /location 

The HR Manager needs to be polite while handling the call and look to it listener doesn’t get distracted and loose the trust.

The guest also said us the importance of employer branding and compensation benefits to employees. The whole session was interactive and helped us to know about practical experiences of HR Manager and benefited those who wished to opt HR Specialization in their upcoming semesters.

By Swathi Maharajanavar (Semester 2)

My journey of MBA - a Roller Coaster Ride of an introvert girl by Diana,Semester 4

                 My parents always wanted me to study in Hubballi and I was confident that this was my spot; this was where I had to start my academic journey. Unlike many of the professionals, my passion was to become a chartered accountant. Unfortunately I couldn’t give my best in this field and realized this was not what I wanted in life. One fine day after my under graduation while I was sitting at my chair and thinking what do I do further although under lot pressure those 3 letters came to my mind – MBA!. I started searching for the next step to get into this place and it was PGCET entrance exam. I gave the exam and while I was awaiting my results I kept on searching on various colleges in Hubballi who could give me the best MBA program and had three colleges in my mind. Finally the results came and I was called for counseling, as my ranking was too far and my counseling was on third day when almost all good colleges’ seats were minimal. I applied for the three colleges and was waiting for my turn, there was massive pressure going on in my head as to what if the seats of the college I want would be grabbed by someone else, me and my mom kept praying. There were only three two seats left for the college I wanted the most, but many students were before my turn. Finally it was my turn and guess what I got the last seat of the college I dreamt. And that college was BVB SMSR!

KLETU SMSR Hubballi

             I was all so happy and excited about my journey in SMSR, got my admissions done. But there was this one big fear running in my mind that being an introvert will I be able to survive in this place but still dint leave hopes I was confident enough. It was the day 1 with an interactive and awesome start with the induction and out bond, wherein I got to learn about the college and the faculty members-each faculty was unique and friendly, the expectations of college from me and got to interact with my classmates and seniors. The syllabus and the grading system were explained to us. At that point of time I never realized its importance. Slowly the classes began. After a week I started feeling hectic - the presentations, assignments, projects and the class participation. What troubled me the most was going on the stage every day; I never was comfortable with this thing. There was one friend of mine who used to do all my assignments and presentations, which made me completely dependent on him. One fine day he told me, now I’m not going to do any of your work it’s you who has to do it, otherwise when you’re going to learn. That was the best thing my friend did at that point of time.  I used to come home and cry at my mom’s shoulder that I want to quit but she kept on saying, no I have confidence in you that you can do it. After some days I somehow got used to this place. Although there were marks for class participation I never used to talk, I had good communication skills and capability to lead, I never took advantage of it because I was a coward girl who feared what people would think about me and never took initiation and that’s what my competitors wanted. There would general assembly every Wednesday, I enjoyed every bit of it but not if I was asked to go on stage. That’s because I had a stage fear. First semester came to an end and I realized that I have achieved nothing but the average marks of merely writing in the exams which was not making any justice to my MBA program.
            It was in the second semester I realized that I have to do justice for my MBA and that was the turning point for me of my MBA journey. I made myself ready for this ride. It was in this semester we had Nostalgia 2K15, I was in the media committee I was just a non active member. Initially it was very difficult for me as I was hesitant in taking initiation and my competitors grabbed my opportunities. I would be so disheartened and would fall low on my confidence, but it wasn’t their fault too it’s a race and they were playing their moves. At this point of time I realized, people can’t go ahead of you unless you allow them. The next big thing – placement, there was this first pool campus drive of our batch. I just had one thing in my mind that it’s my first interview of my life and I have to get through. And after few days I received an offer letter. This thing increased my confidence. The second semester result were out and my performance was bit more than average but still I was the part of the bunch of people with same grades bracket which I never liked, I wanted to come out of the group. Even though my results was not as much as I had expected but I found one sign of satisfaction that I saw my personality improving I was turning into an extrovert. I motivated myself furthermore that I can do it and can give a tough competition to others. I started working on my goal. We had summer internship after second semester. I got into a service sector – The Gateway Hotel Lakeside Hubballi. It started quiet well as I had a very supportive external and internal guide. Again I was the same girl there, like I would be in the college. All shy and low on confidence. My external guide would put me in all new situations everyday and it went on for two months. I would make mistakes everyday and be upset on myself. But my external guide always motivated me saying one thing, which I follow even now ‘take failures as learning and not as failure’, after two months I came out a confident girl from there. I had learnt lot for life ahead. It was because I had a good external guide.
                Now, it was the third semester- third hurdle of the ride, where I badly wanted to prove myself. I got that confidence in me. I started to participate in the class actively, started making good presentations and performing better in every task that I took up. At this point I learnt a new thing – taking new tasks which are out of my comfort zone, will give me new experiences and learning. And as usual end of third semester the results were out and yes I had did it – I was in the top three, third place! But still people saw the cumulative grade which was obviously less because of previous two semester grades and judged me on same to put my confidence down, but that dint affect me at all. For this, I leant new thing in life - people will criticize you on your success to put you down, but the best answer would be to stand firm and work harder to prove myself better. I was so happy and contented that I made it out of the average zone for first time and I’m much beyond it. Now my competitors were shaken up and that was the best feeling ever.
                Last hurdle of my ride was the fourth semester. I was much determined and confident, this time my goal was go beyond my previous achievement. I merely dint fear anything that came through my way. In this semester there was this fest again- Nostalgia 2k16. I was so uncertain about the committee I wanted to go into and dint wanted to make mistake as previous year. As always I fell in the trap of peer pressure and got into the invitation committee. Later I realized that I wouldn’t be satisfied if I would be there in the job I am not happy. Instead I wanted to be in the event committee where I could put in my creativity and talent in the events. Soon I not only got myself shifted to the events committee but also became the student events coordinator. Now this was a biggest opportunity for me to complete one missing ingredient in me that was leadership. When I started as a leader I had no experience in this committee as I was in the media committee previous year and so I had to begin from the scratch. I had to handle around 46 students under me and I was not sure of how I would be able to do it. I’m so thankful to my faculty event coordinators who believed in me that I could take up this responsibility and constantly supported me at every step. Students were little hard to handle at first, I was in a state wherein if I were strict I would be bad leader for students and if I were lenient I would be bad leader for faculty coordinators. I had to balance it out. Finally got support from all the students of event committee, it was a team that was working hard together and yes we could see the outcome the events were successful. After this fest there was massive turn round in my personality, I was not me anymore. I attained the leadership quality in me. Now that the results were out and I was in the second place, crossed my own record. I made my parents proud. And I answered all the critics, by converting the criticisms into my victory. But still, hadn’t been started from first semester I would have won either of the medals. I had the capability of achieving it.
         What if I dint get the medal, I have achieved lot more than medal. I have a job in my hand. Moreover I’m a transformed me – a huge transformation, with all up and downs. Thanks to BVB SMSR I can face the world bold and strong. This wouldn’t have been possible without the support of HOD Sir and all the faculties, who played multiple roles as a teacher, friend, guide, and motivator. And the nonteaching staff, for their cooperation. We were like a family and these two years flew away so fast. And the roller coaster ride comes to an end, what I’m left with in the end is a clear sense of satisfaction and happiness. I shall miss this place and yes I have made justice to my MBA program!