Mompreneurs

Dr. Priya K, HOD, SIMS

       Mompreneurs are female business owners who are actively balancing the dual role of mom and entrepreneur. As we all know being a mother is a full time job and also being an entrepreneur is also a full time work but playing a role of Mompreneur is just like an achievement because she has to look after her employees as well as her family. The following are the tips for successful mompreneurs.

• As a woman becomes a mother she possess a enormous strength which changes everything, the way she sees the entire world and interacts with the people.
• As a mom or as an entrepreneur you need to follow time management as you will be wanted either by your children or by your employee, so you need to be aware of it and need to plan accordingly. In the mean time self care is also important to do the dual roles.
• As a mompreneur cannot be a superwoman to satisfy all people wants, as quality matters over quantity.
• Mompreneurs need to have a people who would support them throughout their lives. It can be your life partner, parents or your baby sitter.
• Team work works as we say so the mompreneurs has to build a strong team work for achieving success in the business. So hire people who will not only

reduce your workload but will also reduce your stress.

• Our life is meant for our family and children so plan and design the work in such a way that you can balance both work and your life.
• Mompreneurs have to hold themselves accountable and responsible and honor yourself and others and never ever take things for granted.

    So being a mompreneur is the most rewarding thing in the world.

BEWARE CORONA – CARD

-Dr.K.THIRUGNANASAMBANTHAN, Asst. Professor, Department of MBA, SANKARA COLLEGE OF SCIENCE AND COMMERCE.

 Covid pandemic has infected 20,025,950 and more than 734,018 have died.  The sale of Masks,  sanitizer, medicines and other essentials to fight the virus have been drastically increased.  Many sectors have been badly affected due to this virus.    Real estate, Automobile, Aviation, Tourism, Oil, Chemical,   Textile, Hotel, Luxury Goods, Power, Construction etc. are severely hit due to covid.  Theatres, Malls, Marriage Halls etc are the worst affected.  Education Sector is one of the sectors which are badly affected, since most of the students, parents and educationist are not aware of the further developments.  Most of the stakeholders in this sector are not able to decide on their future.

News products are entering into the market.  One such product is Virus Shut out Air Sterilization Card. This card is marketed as Suitable for everyone, especially suitable for sick patients, people with low immunity, children, elderly, long-term access to hospitals and clinics with more bacteria.  Strong physical sterilization, strong decomposition at all times, helps to eliminate planktonic bacteria, influenza and other viruses, reducing the chance of being infected or infecting others. The company claims that this card restricts virus with 1 meter circle from the product.  The ingredient used for creating this card is Chlorine dioxide (sodium chlorite, natural zeolite).  This card will become invalid after 30 days of opening the cover.  There are also some negative comments about this product, that it will create side effects.  If the card is damaged when using, it can cause the leakage of chlorite, if it contacts with skin or sweat, it can lead to the release of chlorine, and cause skin burns, or even respiratory poisoning.  WHO has warned about false advertisement boasting products effective in preventing novel coronavirus infections.  Due care and expert consultation is needed before using this type of products.

GDP’s progress before and after Contagion

Prof. S. Thilak, Assistant Professor, SIMS

 

India’s economy slowdown to 3.1 percent in Q4 because of the coronavirus pandemic superimposed a prolonged slowdown. The fact is that the GDP development estimates have outperformed most estimates made by different financial specialists and rating agencies, the government has left a condition that the figures can be updated as the current data is lacking. With the arrival of Q4 GDP development, the entire year 2019-20 GDP development remained at 4.2 percent. The government has revised down the GDP development in Q1, Q2, and Q3 to 5.2 percent, 4.4 percent, and 4.1 percent respectively. As India goes through the path of financial vulnerability, the GDP growth in the final quarter gets significant as it incorporates the figures for multi week of lockdown. It is also expected that current data will help to determine the impact of the pandemic more clearly. Meanwhile, the development pace of eight core industries for April 2020 fell by 38.1 percent, compared with a fall of 9 percent in March 2020. The yield of power fell by 22.8 percent, while the yield of cement fell by 86 percent; steel by 84 percent; manure by 4.5; treatment facility by 24.2 percent; raw petroleum by 6.4 percent; and coal by 15.5 percent in April 2020. Even before the coronavirus cases started to surge in India, the country’s economy was struggling through a prolonged economic slowdown and lockdown. Here are few sectors which indicates the growth level of the GDP before the pandemic that are represented below.

Agriculture Sector

Agriculture and allied parts like forest, logging and fishing represented 17% of the GDP, the area utilized 49% of its total workforce in 2014. Agribusiness represented 23% of GDP, and utilized 59% of the nation’s total workforce in 2016. As the Indian economy has enhanced and developed, Agriculture’s commitment to GDP has consistently declined from 1951 to 2011, yet it is as the nation’s biggest business source and a critical bit of its general financial turn of overall socio-economic development.  India is the biggest maker of milk, jute and seeds, and has the world’s second-biggest cattle population with 170 million beings in 2011. It is the second-biggest producer of rice, wheat, sugarcane, cotton and groundnuts, just as the second-biggest foods grown from the ground maker, representing 10.9% and 8.6% of the fruits and vegetables. India is additionally the second-biggest maker and the biggest buyer of silk, producing 77,000 tons in 2005. India is the largest exporter of cashew bits and cashew nutshell fluid (CNSL). Foreign exchange earned by the nation through the fare of cashew pieces during 2011–12 came to ₹4,390 crore (₹ 43.9 billion) based on statistics from the Cashew Export Promotion Council of India (CEPCI). 131,000 tons of portions were sent out. There are around 600 cashew preparing units in Kollam, Kerala. India’s food grain creation stayed stale at around 252 million tons (MT). harvest years (July–June). India trades a few farming items, for example, Basmati rice, wheat, grains, flavors, new organic products, dry natural products, wild ox hamburger meat, cotton, tea, espresso and other money crops especially to the Middle East, Southeast and East Asian nations. around 10 percent of its fare profit originate from this exchange.

Manufacturing and Industry Sector

Industry represents 26% of GDP and utilizes 22% of the total workforce. As per the World Bank, India’s industrial manufacturing’s GDP yield in 2015 was sixth biggest on the planet on current US dollar basis ($559 billion), and ninth biggest on inflation balanced consistent in 2005. The Industrial sector experienced critical changes because of the 1991 monetary changes, which removed import limitations, led to the privatization of certain government-owned public-sector industries, liberalized the foreign direct investment (FDI) regime, improved infrastructure and led to an expansion in the production of fast-moving consumer goods. Post-advancement, the Indian private part was confronted with expanding local and foreign competition. including the danger of less expensive Chinese imports. It has since dealt with the change by pressing costs, patching up the board, and depending on modest work and new innovation. However, this has also reduced employment generation, even among smaller manufacturers who previously relied on labour-intensive processes.

Electricity Sector

Primary energy consumption of India is the third-biggest after China and the US with 5.3% worldwide. Coal and crude oil together record for 85% of the primary energy consumption of India. India’s oil reserves meet 25% of the nation’s local oil request. As of April 2015, India’s complete demonstrated unrefined petroleum holds are 763.476 million metric tons, while gas saves remained at 1,490 billion cubic meters (53 trillion cubic feet). Oil and flammable gas fields are found seaward at Bombay High, Krishna Godavari Basin and the Cauvery Delta, and inland predominantly in the conditions of Assam, Gujarat and Rajasthan. India is the fourth-biggest shopper of oil and net oil imports were about ₹820,000 crore (US$110 billion), which adversely effected the nation’s current account deficiency. The petroleum industry in India mostly consists of public sector companies such as Oil and Natural Gas Corporation (ONGC), Hindustan Petroleum Corporation Limited (HPCL), Bharat Petroleum Corporation Limited (BPCL) and Indian Oil Corporation Limited (IOCL). There are some major private Indian companies in the oil sector such as Reliance Industries Limited (RIL) which operates the world’s largest oil refining complex.

Infrastructure Sector

India’s Infrastructure and transport sectors contributes about 5% of its GDP. India has a road network of more than 5,472,144 kilometers (3,400,233 mi) starting at 31 March 2015, the second-biggest road network in the world just behind the United States. At 1.66 km of streets per square kilometer of land, the quantitative density of India’s road network is higher than that of Japan (0.91) and the United States (0.67), and far higher than that of China (0.46), Brazil (0.18) or Russia (0.08). India’s road networks are a blend of present days expressways and thin, unpaved streets, and are being improved and 87.05% of Indian roads were cleared. India has the most reduced kilometer-road density per 100,000 individuals among G-27 nations, leading to traffic congestion. It is redesigning its foundation, India had finished more than 22,600 kilometers (14,000 mi) of 4-or 6-path parkways, associating the greater part of its significant assembling, business and social focuses. India’s street foundation conveys 60% of cargo and 87% of traveler traffic.

REAL HORROR SHOW!!!

Ms.K.Sindhuja, Asst.Prof,  Department of MBA, Sankara College of Science & Commerce

“Always remember you are braver than you believe, stronger than you seem, smarter than you think and twice as beautiful as you’ve ever imagined.”-Dr Seuss

 A massive explosion which rocked Beruit on August 4^th made the country to get overwhelmed. This overwhelming has become a part of 2020 because already the country is struggling in the pandemic and economic crisis.

Here comes another horror show which devasted the country Beurit.

According to the sources the blast stuck was of no intension or no terrorist attack. It is because of the highly explosive material which was confiscated from a ship some time ago which was stored at the port.

Currently, the explosion has created tension between Israel and Hezbollah. People in the country of Lebanon got exhausted because of facing collapse from the financial crisis & corona virus restriction. All the saving worth of the people got vanished with the one blast which made them totally panic.

The explosion had caused major damage inside the building and knocked out the electricity at the hospital. Dozens of injured were being treated on the spot on the street outside, on stretchers. “This is a catastrophe we have on our hands,” said one doctor. Health care workers worried about the fate of one of the country’s main vaccine and medication

Staying Strong in mind will be the current best medicine required by the people of Lebanon.

Pray for Beirut, Hoping for Better Tomorrow!!!!

Reskilling a challenge – Covid -19

Dr. Priya Kalyanasundaram, HOD, SIMS

 

          During this pandemic reskilling is one of the major criteria for the business to get ready for their future. It is a challenge for both Hr and business to stand among the competitors. This covid -19 has made everyone mandatory for reskilling for the transformation. The perception of reskilling has changed from a valuable opportunity to an essential need of an organization.

The future work priorities of HR will be redesigning the organization structure, predicting the job automation impacts, restructuring the roles and responsibilities, , investing in future force learning, bridging the skill gap etc. Understanding the current situation the hr has to concentrate on upskilling and reskilling as this is the perfect time period for enhancing the skills of the employees. There are number of courses available online for skill updating. In order to meet these challenges organization has to develop employee’s cognitive capabilities, emotional skills, adaptability skills etc.

Moreover this crisis has reduced physical interaction and has started following the methods of digitalization for example health care sector, banks, educational sectors etc. In case of shopping the buying pattern has been changed to online shopping buying patterns. Currently the skills which are in demand are Digital marketing, data visualization etc. This crisis is moving sourcing and production closer to end users i.e. the companies may move production closer to the sale, whereas some companies may relocate their activities to other countries. This reskilling is a major challenge for all the organization across the world

NEW EDUCATION POLICY 2020

DR.THIRUGNANASAMBANTHAN.K, ASST.PROFESSOR, DEPT. OF MBA, SANKARA COLLEGE OF SCIENCE AND COMMERCE

Many people have controversial opinion about any Educational Policies.  When Samacheer education was brought in tamilnadu, people had mixed opinion.  Before commenting on any Educational Policies, we have to study in detail about the policy.  The Union Cabinet has approved the National Educational policy 2020 on 29/7/2020.  This educational policy will pave a new way for transforming school and higher education sector in the country.

The prominent features of National Educational Policy 2020  are

1. Institutions and Faculty will have more autonomy to innovate on matters of curriculum, pedagogy, and assessment within a broad framework of higher education
2. All assessment systems shall also be decided by the HIGHER EDUCATION INSTITUTION (HEI).
3. The choice based credit system will be revised for instilling innovation and flexibility.
4. Each Institution will integrate its academic plans ranging from curriculum improvement to quality of classroom transaction into its Larger Institutional Development.
5. All programmes, courses, curriculum and pedagogy across subjects including those in-class will aim to achieve global services.
6. All university government, private, open, Deemed, Vocational etc will have same grading and other rules.

Major Reforms in School Education

1. Mother Tongue to be a medium of instruction till 5^th
2. National Mission to focus on basic literacy and basic numeracy.
3. Report cards will be a comprehensive report on skills and capabilities instead of just marks and statements.
4. Every child will come out of school education with atleast one major skill.

The major change is from  current 10 + 2  (i.e) Class 1-10 (Age 6 -16)  and then class 11-12 (age 16-18) will be changed  to 5+3+3+4 (i.e) 5 Years of foundation education + 3 years of preparatory + 3 of middle + 4 years of secondary schooling.

We all can hope this new system will make students have effective learning .

OPERATIONAL TRANSFORMATION FOR A DIGITAL WORLD

Ms.K.Sindhuja, Asst.Prof, Department of MBA, 
          Sankara College of Science & Commerce         

“Clearly, the thing that’s transforming is not the technology — the technology is transforming you.”Jeanne W. Ross

 

There are many reasons why commercial banks are digitizing their operations by adopting new IT platforms. For one, business customers of all sizes are demanding the enhanced services . Another is that if they don’t adopt , fintech and other competitors are eager and are able to meet  customers’ rising expectations.

True end-to-end digitization enables an array of operational efficiencies, from frictionless CRM and on boarding to growth-propelling loan origination, payments and cross-selling. It also allows them to integrate a variety of tools to unleash the full potential of their new platform and extract a greater return from investment.

Most importantly, digitization enables banks to gain valuable, timely insights into operations, customers and market and to empower the right people to effectively execute the organization’s vision.

Commercial Banking capabilities

Regardless of where your organization is on its digital transformation journey, Accenture has a holistic set of offerings that, together with the industry’s leading data and technology products, can help you realize your full potential

We’re helping banks realize the limitless power of digital—and manage their customer relationships in entirely new and distinctive ways.

Transform and Modernize Your Commercial Banking Operations

Finally, In the face of growing complexities and digital transformation, banks’ operations technology must work harder than ever. For most banks, the strain is significant for their legacy systems, forcing a greater reliance on manually intensive processes – leading to greater inefficiencies and increasing costs. It’s horribly inefficient and expensive.

 “When digital transformation is done right, it’s like a caterpillar turning into a butterfly, but when done wrong, all you have is a really fast caterpillar.”George Westerman