TRADITIONAL INDIAN MEDICINE SYSTEM

Ms. V.Vidhya, Asst Professor, Department of MBA

Indian Traditional medicine system always play an important role in global health care needs. Its origin is unidentified as we have this system way back in BC and AD. The system which has been originated in India or the medicine system came from outside India and assimilated into the Indian culture is called as the Traditional Indian Medicine System. We have nearly 6 such medicine systems prevailing in Indian medicine. They are Ayurveda, Siddha, Unani, Naturopathy, Yoga and Homeopathy. Homeopathy is the medicine system that came outside India and got attached to our Indian culture. This article is about the traditional medicinal systems which were prevailing in India before Allopathy came into existence.

Ayurveda

Most of the traditional medicinal systems in India have its roots from the folk medicine. Ayurveda has well defined conceptual framework through out the ages. It has the integrated approach between health and disease. An important feature of Ayurveda is, it will have a therapeutic practice with good effects which will be long time cure. Ayurveda takes not only the traditional form of medicine but it also involves physical, psychological, philosophical, ethical and spiritual approach in treating a health disease. It not only treats the diseases but it will emphasise the importance of balanced life style for healthy life. The WHO also emphasise the same now and it advices people to develop a healthy life style to get free from various diseases. Ayurveda uses 10 examinations before it reveals the disease in the human like, body build, psychotherapy, mental health, exercise endurance and so on. The treatment is based on restoring doshas in a person’s body. The drugs in Ayurveda are the herbs that have been grown in India for many decades. Recently Ayurveda has its familiarity among the foreign people that medical tourism has developed well in this traditional medicine system.

Siddha

Siddha medicinal system has its origin from southern part of India especially Tamilnadu. It has been said that siddha means siddhi which in turn means achievement. In southern part it is been said that siddha is knowledge of medicine system which the Siddhars acquired and transferred their knowledge to their disciples. The difference between Siddha and Ayurveda is, Siddha uses metal and mineral for drug preparation and Ayurveda uses drugs of vegetable origin.

Unani

Unani system of Medicine has its origin from Greece. According to Unani the body is made up of 4 basic elements, air, water, earth and fire which have different temperament like hot, cold, wet and dry. The disease occurs when these temperaments are disturbed in one’s body. The disease conditions are treated with four types of therapies like Regimental therapy, Dietotheraphy, Pharmacotherapy, and Surgery.

Homeopathy

Homeopathy system of medicine has its origin from Germany 200 years back. It is based on the two facts that is, “like cures like” and “law of minimum dose”. Homeopathic drugs come from plants, minerals and animals. The fact “like cures like” is medicine that can cure the sick person if it can cause similar sickness in the healthy person. Next fact is the lower dosage of medicine greater the effectiveness. Many Homeopathic medicines are diluted in such a way that its original substances do not remain in the drug.

Naturopathy and Yoga

Naturopathic system of medicine uses natural remedies to help the body heal itself. It involves many therapies, which includes herbs, massage, acupuncture, exercise, and nutritional counselling.

It has its origin from Germany in the 1800’s, some of its treatments are centuries old. In today’s fast like it combines traditional treatments with modern science.

Naturopathy and Yoga goes hand in hand for healing a person. Yoga is a traditional way of exercise which has a global acceptance. Yoga has its origin in India way back in pre vedic period. Yoga largely consists of postures or asanas. Some believe that by doing Yoga our body, mind and spirit gets purified which gives us disease free healthy life.

To conclude apart from allopathic way of medicine there are other forms of medicinal systems also prevailing in India which does not involve side effect. In recent days all these forms are gaining importance due to some failure notes in allopathic medicine system. All these forms have common problem which is its long-term nature which is the strength of allopathic medicine. We can get cured immediately or within day or two in allopathic system but these forms require long term treatment, but assures cure.

Future work place

Dr. Priya Kalyanasundaram, HOD, SIMS

      Since few years work place has undergone a rapid changes and the modern technology has made us possible to work from anywhere around the world reducing the physical work desk, forcing corporate to rethink workspace strategy. With millennial to join the workforce it has become vital for the existing workspace to transform to the requirements of the new age group. Gen z would like to work for organizations that provide them with smart solutions with unique preference and requirements. Technology will play a vital role in shaping a new modern workplace in the coming years.

Change in traditional technology to modern technology: The traditional office set up will cease within the next five to six years and laptops, smart phones, tablets will give way to voice activated assistants internet of things will play an major role . Keeping in mind the user’s requirements there will be a change in the ergonomics, workspace too will change based on specific conditions like brainstorming, meetings etc.

Lesser Travelling: Video conferencing has replaced with actual need for physical presence these advance technology has made individual to communicate, contribute and deliver results remotely  this can reduce travelling from one place to another and also  high speed internet connectivity  will increase the work efficiency as well as productivity.

Smart Buildings: With day to day technological changes and IoT analyzing the data it will allow all workspace to transform, adapt and react as per the user’s requirements like lighting and ventilation etc. The idle spaces like training centre, conference room, desk etc will be reduced to zero and this can decrease the real estate cost to zero. In short technology will take over and will drive the business from organization driven to individual driven.

Behavioral Finance in Personal Finance

Prof. S. Thilak, Assistant Professor, SIMS

Behavioral Finance

            The research-based discipline that documents a range of our financial habits with development mental short cuts or behavioral biases which can affect all types of decision making including financial matters relating to money and investing. It also provides evidence that are not rational when dealing with money related decision-making and non-rational behavior  and  somewhat predictable systemic and repeated.

Mental Short cut

            Our brain takes mental short cuts due to the information overload as a result it will have incomplete information for decision making.

Types of behavioral

            Emotional group is subdivided in to four, they are Overconfidence, Loss Aversion, Disposition and regret. Information processing group covers the areas like Framing, and Anchoring and the last cluster covers the herding.

Emotion

Overconfidence: Human tends to believe that they are rational and naturally optimistic having an inflated view of one’s own ability and unwarranted confidence in their decision making and often have an unreasonable belief that good things will happen to them and bad things to other people.

Loss Aversion: Attitude towards loss, people tend to be oversensitive to loss and feel the pain about 2 and 2.5 times as strongly as they feel pleasure of gain and pain of loss.

For example: which job would you accept? A job where you’re getting a salary cut each year.

1. 6lakhs in the 1^st year, 5Lakhs in the 2^nd year and 4 lakhs in the 3^rd
2. 5lakhs in the 1^st year, 4.5 lakhs in the 2^nd year and 5.5 lakhs in the 3^rd year.

Mostly many of the people will choose option 2 because of the increase in the salary but if you sum up both the salary 6+5+4=15 lakhs, but in option 2 3.5+4.5+5.5=13.5lakhs. The value of the option one is higher this where the loss aversion.

Disposition Effect: Individuals tend to sell winners and hold loser, an overall effect of decreasing the overall investment. By selling an investment at a gain it becomes a winner and the investor enjoys the pleasure associated with a good investment. By sagging on to the losers, an investor can defer the pain associated with incurring a loss and can spoil in the belief or hope that the investment may come back and become another winner.

Regret: Arises when an individual perceives a bad outcome from a decision that they made in the past. Usually more regret associate with taking action that turn our worse and inertia not taking an action that would have benefited us.

(inertia means that people fail to get around to taking action often even on things they want)

Information Processing

Framing: People tend to lose sigh of the big picture and focus on the particular issue in front of them at that time. Narrow framing refers to the tendency to use relatively narrow frames of reference for decision making.

Anchoring: View of things by creating an artificial frame of reference. Some anchors may have control over, and some don’t, but they can all affect view of which is actual. The judgement about things may or may not be truly relevant to the decisions that are trying to make, but they have an impact anyway.

Herding: People’s decision can be influenced by what people around them are doing. Which refers to herd’s instinct to behave in a group. After decision are made as group which may counteract as a particular bias or it may strengthen it or could create new biases.

7 Experiences New Faculty should seek out for a More satisfying Career

Dr.S.Sundararajan, Associate Professor, SIMS

Career

While teaching could certainly be a more lucrative profession, it offers a variety of rewarding experiences we can’t find in any other work. The relationships we build with students, families, and communities can be powerful, even transformative. Knowing the work our fellow faculties/teachers are doing, we also have the opportunity to make contributions to our profession, and indirectly affect the learning and the lives of even more students. So, here are seven recommendations for experiences you can seek out in order to enhance and extend your career.

1. Visiting other classrooms and colleges:

Faculties have to get assignment in other college that involves observing a fellow student teacher, and supportive mentors during the first year as a faculty, Eventually they grew so invested in seeing other faculties and colleges that they make use of this opportunity to write on empirical research article about case study method of teaching. The benefit is not only in learning from similarities and differences and generating new ideas, but also in the reflective conversations that follow.

2. Pursue National Eligibility certificate (UGC-NET)

The value of reflection is difficult to overstate when it comes to learning-our students learning, and our own. Reflection is one of the hallmarks of the UGC National Eligibility Test, designed by experienced faculties and it helps faculties who have a few years and more into their careers to refine their understanding art of accomplished teaching. It is also rewarding processes that benefit both faculties and their institutions.

3. Serve on a site council

In India, our colleges have a Board of studies and governing council and we think in many states colleges have same type of institution based leadership and governance body. As a faculty we have to serve outside class room activities that gain leadership experiences. We could not feel like, we made much of a difference. However it was relatively low intensity and low stakes way to learn more about our college, to engage in substantive discussion about our values, our goals and our work, with students, parents, teachers, classified staff and administrators all at the table.

4. Participation in Faculty forum.

For many years, we (Faculties) had a limited understanding of faculty forum’s structure and function in the district and state. When faculties are new, they are often advised to lay low and stay away from forum activity until they are tenured. Many faculties are engaging many forums and participating in activities and giving feedback to representatives. The faculty members can become an executive board member, representative assembly and member of negotiation team, there are always job or commitment for their assignment .

5. Blog Writing

Writing about teaching is a fantastic way to develop your own knowledge and contribute to your local and professional community. This idea takes us back to the notion of reflection mentioned above. If we write about our teaching in almost any way, we will also reflect on our students, our content area, our pedagogy, the community and other contextual details of our work. If we are interesting in writing somewhat regularly and perhaps building an audience for our writing perhaps blogging is the way to go. Putting ourselves and our ideas out to the World Wide Web can be exciting and has the potential to create unanticipated connections and dialogue.

6. Deliver training or Presentations

Beyond writing, we can share our best ideas and learning with others. It’s a rewarding and energizing way to keep your teaching career feeling fresh and vital. I have learned something from each presentation or speaking engagement we have had. In my college district we have moved toward more in-house professional learning (FDP). Interested faculties can try out professional presentations by sharing their strengths with colleagues at our site, and with a little more planning they can find opportunities to offer training or presentations to across college and university.

7. Step up to College based Leadership

Graduate level leader, content area specialist, instructional leader, department chair, faculty-on-special-assignment instructional coach, mentor, demonstration teacher. There are many ways to step into a leadership role while still teaching. At the same time, we need many more of these roles and opportunities. The lack of such position is one of the main factors that drive mid-career faculties out of the classroom. When we are looking for teaching job, ask about these kinds of options and positions to work interestingly.

End note: As a teaching faculty member of college and higher education institute, we can bring the changes in our own day to day practices of teaching learning pedagogy to attract more students to join UG level or PG level programmes (courses). We have to update our knowledge and skills to inculcate the concept of subjects in the minds of learning community (Students).

EASTER EGG – In Computer Perspective

– Dr.K.THIRUGNANASAMBANTHAN, Asst.Professor, SIMS

In this technological world the concept of easter egg in computer applications and software is not known to most of us.    Easter eggs are secret ones in computer software, hardware, firmware, Music Tracks and applications.  It may be a game, or a video, or a set of images, or a set of program credits and it may also be hidden software in it.  Easter eggs helps in creating a bond between the creator and the end user.

          In recorded music a hidden track or Silent track in which the song is placed on a CD, DVD, cassette and in any recoded medium.  This is done in such a way to avoid casual listeners.  These hidden track songs will be listed in label.  Most of these songs will be placed in different tracks.  Sometimes there will be silence between songs which make the listener feel there is no songs in that particular track.

          Microsoft has kept many easter eggs in their operating system and Applications.  Those are interesting one which will make the student community search for these easter egg with interest.  Easter eggs creates thrill in the mind of the users.

          Google too has created many easter eggs among this   “a long time ago in a galaxy far far away” is a famous easter egg about Star Wars.   Another one was “do a barrel roll( see it )” which makes the screen rotate several times. “google pacman” search will open Pac-man Doodle where you can play in this game in browser. “play snake” will open Snake Game in google page. “google birthday surprise spinner” will show playable doodles, games etc.

          Mozilla is an easter egg in Netscape and Mozilla browsers.  When typed Mozilla it will show quotes from the Book of Mozilla.  There will be white text in maroon background this is similar to book of Revelation in Bible.

          Learn out easter egg in different softwares, hardwares and applications and you will enjoy working in it.

TRENDS IN HOSPITAL MANAGEMENT

Ms. V.Vidhya, Asst Professor, Department of MBA, Sankara College of Science and Commerce

In today’s environment only trend is to change accordingly to the situation. Earlier day’s hospital had a different methodology and now the trend of the functioning of the hospital has changed due to the changes in economy, Prior only minimum hospitals like Government and one or two private players were there to support the healthcare requirement of the public. But now we can find many private players foraying into the existing healthcare market. So, the change is inevitable. To hold the markets players are compelled to adopt new strategies in the healthcare management.

Investment in Technology

Investing in the new technology by the hospital management is the new strategy to attract the patients. For eg., RFID technology, face to face recognition AI, EMR, AR (Augmented Reality) to capture images, VR (Virtual Reality) for assessing the pain  management, Robotic surgery, 3D printing for prosthetics and so on.

Patient Relations Management

Recent years the hospital Management is focussing on PRM to establish a good customer / patient base. The PR department is merging with the Marketing department to increase the customer satisfaction. For e.g., introduction of patient portal, follow up calls of patient post-surgery, for even review patients, formation of patient groups are some of the recent steps taken by the hospital management to pace with the line of changing trend.

Concept of Electronic -ICU

Due to insufficient access to the critical care facilities in rural areas big hospitals are trying to set up eICU. Electronic Intensive Care Unit is the support center that provides care to patients in multiple hospitals. Currently Fortis and Apollo hospitals had set up this technology for the benefit of the rural patients.

Social medial marketing

In this Pandemic situation the social media marketing has gained importance in advertising their services. Many hospitals have understood the real sense of marketing their services like Facebook, twitter. Linked in etc., the hospitals have started their own links in these social medias by which advertising their services has become an added advantage.

Healthcare Quality and Accreditation

Quality is a mantra for a good hospital. We know about NABH, ISO, NABL, JCI accreditation boards that provide certificate for the hospital’s quality care. Now the hospitals are trying to acquire international accreditation to improve medical tourism. SOP formation, mock audits, quality management team, expert consultation, streamlining the processes in departments, adoption of lean six sigma are the steps taken by the hospital management .

Day care models

With technology in place there is no need for the patient to stay longer in the hospital for surgeries. Non-invasive procedures do not require longer stay in the hospital bed. Hospital infrastructure has become decentralized in recent years. Surgeries like hole surgery, pain management and post-operative care has facilitated hospitals to adopt a day care surgery models.

To conclude hospital management today should keep them updated with the changing trends in order to line up with the changing current healthcare environment.

Effective techniques for employees working remotely

Dr. Priya Kalyanasundaram , HOD, SIMS

Nowadays for last few months our work has transformed and work from home has come into existence, as this pandemic has made us panic with a state of uncertainty among people across the organizations. This period is more crucial for leaders to maintain the trust of employees to respond to the new needs of the employees and moreover as per the current trends the employees has to be highly skilled to be competitive. With remote working has taken over the traditional working system like face to face conversation, no office space etc does not exist.

Steps for remote learning

• Cognitive Learning : Employers need to understand that mere revolution of classroom based learning to virtual classroom won’t be effective .It has to be a cognitive process which can enable them to transfer from virtual to real world business .
• Engaging the learners: It is important for the employers to engage the learners by conducting live polls, chats and discussions.
• Collaborative learning: Remote learning doesn’t mean learning in isolation .It can be done through group activities, case studies, team assignment and gamification can also be used to bridge the gap.
• Use of technology: Today technology has made us to connect with each other even though we may be in any part of the world, video based collaborative tools has made the impact in making the learning more easier.
Learning and Development has always been virtual but now it has become a necessity during the pandemic period.

JUST-IN-TIME TO JUST- IN-CASE

Dr.D.Sathishkumar, Asst.Professor, SIMS

            In the detection of ever-greater efficiency, many businesses de-emphasized chain flexibility and resilience. The situation calls for rebalancing priorities. Let’s Consider the farms growing food for commercial users here or in china. Pre Covid-19 these farms were highly efficient and offered products at the lowest possible cost. The current situation of commercial market has been decimated and farmers are forced to dump the commodities, financial victims of unanticipated change. To withstand a crisis balance the low cost and efficiency of the Just-In-Time model with a need to quick and responsive in reacting to market changes.

Minimalism

            Minimalism the supply chain will allow focusing on adapting to changing dynamics. The new option for the manufactures will  lower production volumes in reaction to reduce demand, while also eliminates models, by minimizing and re-sharpening the focus of the products that matter most to clients. Outsource activities that are not core to the business, so management’s time and attention are devoted to activity that support business community.

Cooperation

            Prioritize partners who have skills, tools and knowledge that will enhance the companies’ capability and minimize risk. Supplier’s who operate in multiple markets or who can flex up and down increase’s the company alertness.

Hardiness

            Producing closer to the selling market, or holding a larger inventory of sensitive items or double sourcing key products, Builds insights and visibility to change by eliminating layers between manufacturing and the final customer. To get direct, early feedback on local conditions, place boots on the ground in overseas manufacturing locales or in key selling markets.

Dismissal

            To reduce risk, companies have to be ready with the next option or next plan, the difficulties by the previous year had highest number of trucking bankruptcies, the reflection of cancellation and sky-high air freight rates. To solve these companies should be ready with the supply chain new solutions.

Innovation

            The risk of change goes way down in a crisis. If the work is not completed or not working today we have to try something new or alternate. Majority of the marketplace changes we are experiencing in this current situation, is the continued migration to e-commerce, the growth of new deliver services and working from home, to names a few- will probably remain with us. Speed company decision- making and try out something new to meet the changing circumstances.

Implementation of Financial Ratio in Personal Finance

Prof. S. Thilak, Assistant Professor, SIMS

Financial Ratios in Personal Finance

            Financial Ratio is an essential part of a company’s financial statement which helps to compare the financial performance during the period of time. In the same way if an individual or a person wants to analyse his/ her own financial situation considering the net worth, cash flow, liability, liquidity etc., it can be determined by calculating Personal financial ratios. For better understanding few appropriate ratios are discussed below.

 Understanding the Financial Ratios

            Using data from the financial statement anybody can calculate the financial ratios which gives a clear idea on how far one can go.

 The following steps helps to assess the Financial Risk

• List down the resources like salary, savings, investment etc.,
• List down the Liabilities like outgoings and expenses.

With this information it is easy to assess the financial fitness for better understanding like Net Cash Flow position, Net Worth and Financial Ratio of an entities.

 The following ratios can be used to help  to understand the financial situation better.

Basic Liquidity Ratio

            The formula for the Basic Liquidity Ratio is Liquid Assets divided by Monthly Expenses. This ratio shows the number of months one can expect the liquid asset to sustain the monthly expenses. This is also known as emergency savings.

Savings Ratio

            The formula for the Saving Ratio is Total Savings divided by Net Cash Flow. This ratio reveals how well one is building up the savings for their future consumption.

Non-Mortgage and Mortgage Debt Service Ratio

            The formula for Non-Mortgage Debt Service Ratio is Total Monthly Non-Mortgage loan repayments divided by Total Monthly take home income (less CPF contribution). This ratio compares the monthly payments to service all debt, excluding the mortgage, with a person’s monthly take home pay. This ratio simply provides insight into what amount is going towards non-mortgage debt.

            The formula for Mortgage Debt Service Ratio is Monthly Mortgage Repayment divided by Gross Income. Gross Income refers to earned income inclusive of CPF’s employee contribution. This ratio reveals the percentage of monthly income that can be used to service the monthly property loan instalments.

Reserves Ratio

            The formula for Reserve Ratio is Reserve requirement multiplied by Banks deposits. This ratio tells how one can secure or create their Reserves for the present and future or during the times of uncertainty.

Debt to Asset Ratio

            The formula for the Debt to Asset Ratio is Total Liabilities divided Total Assets. This ratio helps the people to understand that Debt to Asset Ratio should be used while new taking fresh loans. If people have existing loan beyond the repayment capacity they are advised not to take anymore loans. This will increase the person’s liability and it is better to wait until time they settle a difference of existing loans.

Debt servicing Ratio

            The formula for Debt servicing ratio is Short term liabilities divided by Total Income.

In present world the payment is largely made by credit cards, it is important to control the debt. The debt serving measures the debt commitment against the monthly income.

Solvency Ratio

            The formula for Solvency ratio is net-worth divided by total asset. The solvency ratio will help a person to know whether the asset in a person’s portfolio is adequate to pay their debt. The net worth of a person is the difference between their total asset and total liabilities.

Life Insurance coverage Ratio

            The formula for Life Insurance coverage Ratio is Net worth plus existing life cover divided by post-tax salary. This ratio indicates a person’s no of years’ worth of expenses.

 Inflation Hedge

            Inflation hedge is a strategy which give a security during the time when the value of money falls. Inflation hedge usually involves investing in assets that has past rate of return more than that of Inflation. This will help the person’s portfolio but the factors like age, risk and financial goals also will be considered.