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A management student should be able to bring his/her ideas and inputs on a given problem on table and thats why it is necessary that he/she has good conversation skills.Sometimes while working in a group convincing and negotiation skills are needed.
A management student should be a team player and should be able to work in a group and complete task accordingly.he need to make proper adjustements and be more involved in team gains then personal gains.
A good student always listens more and speaks less.Taking input from others and getting there perspective would help a student to grow further.So he should be a good listener.
A management student needs to take decisions during various phases and thereby he should be good enough to take decisions to bring about change.
A good MBA student should be a good analyzer of the situation and should be able to decide the course of action immediately after analyzing it.Good anlysis is the basis for obtaining good results.
It has been said that mathematics is "the language of business."Thus one should be certainly feeling comfortable with algebra and calculus.
Technology is one of the components in todays world, so you should make an effort to have at least a minimum comfort level with word processing, spreadsheets, and databases before starting school.
BASIC QUALITIES IN A MANAGER:-
Management is a diverse role with a range of responsibilities and challenges that need to be addressed. Competency as a manager is an important part of achieving. So key competency which a manger should have are as follows:-
Successful managers know that finally at the end of the day it is not what you do but what you deliver that matters. Having a results focus is about knowing what outcomes are required and focusing on delivery of the results. This results focus keeps you on track and reduces the scope for distractions and effectively help in being a good manager.
Bringing about change
Leaders regularly set out requirements for change. It might be in terms of process, people, service, ways of doing things to name just a few. While leaders will set out the overall direction, managers are the people who need to make the change happen on the ground. Manager are responsible for removing obstacles and thereby bringing about change.Obsatcles appear while working out for bringing change.
Managers do not have the luxury of just having one thing to do. They have to manage funds, people, processes, projects, customers etc.. This requires them to be able to plan effectively so that they get the best results possible in the right direction.
Managers cannot do everything on their own. They need a team around them that can help them to deliver results. Successful managers recognise that team development is an ongoing activity. People come and go from
teams and the dynamics that this creates need to be managed. Many team members want to progress and so creating opportunities for growth and development is important.So working in atea m does help out.
All areas of business face threats and managers need to become competent at identifying and responding to risk. These risks can range from losing key staff to health and safety issues. Successful managers recognise the importance of identifying and proactively responding to risk.
Until a decision is taken, nothing happens. Managers who procrastinate are a source of frustration to staff. The staff might not always like or agree with the decision that you have made but they will prefer you to take a decision rather than procrastinate.
Successful managers are effective communicators in 3 areas. They are effective speakers and can put their points forward clearly. They are also effective at getting their message across in writhing whether it is an e-mail or report. Finally, they are effective listeners.
Successful managers recognise that they have customers, even if they are not working directly with the end consumer or user of the product or service. Successful IT Managers see the users of the systems as customers.
3) Draw your personality sketch/profile based on the 'Big Five' leadership theory, quoting valid examples. (750 words)
The Big Five synonym clusters appear to account for most differences among individual personalities, describing five universal dimensions. Their is a high, low or mid-range rating in each dimension[NEAOC]
1.N refers to one's need for stability or negative emotionality. A person high in N is very reactive and prefers a stress-free workplace. A person low in N is very calm and relatively unaffected by stress that usually burdens others.I have a calm personality comparatively an can handle stress effectively so i come out to be a less agressive personality. As was the case when we were playing volleyball final in inter branch competition in our college.Their was lot of agression among both set of players but i was calm as such during most part of the match being the captain and eventually we won the match.I think that after getting emotional one does not think rationally and so for better output one should be calm under such stressful situations.[N-]
E refers to one's "extraversion." A person high in E likes to be in the thick of the action, while a person low in E prefers to be away from noise and stimulation.I am an ambivert as i like to socialize but not extensively as i need
my personal space and calm environment around me.Sometimes i come out as a less active person due to this
trarit in me.I prefer solitude when i am free and i am not hyper active in terms socialising and going out.I like to read books, rest or be with close friends.[E=]
O refers to one's originality or openness to new experiences. A person high in O has an appetite for new ideas and activities, and is easily bored. Those low in the O factor prefer familiar territory and tend to be more practical.
I tend to have many broad interests and like to be cutting-edge. I am very curious, introspective and reflective, seeking new experiences and thinking about the future. One of my drive for getting something new was when i took up my 7th SEM project relevant to electronics as i was curious to know about working of various electronics parts inspite of belonging to computer science.I and my partner had to study quite amount of electronics and many of my colleagues found it unreasonable but we finally completed the project on time. [O+]
A refers to one's accommodation ability or agreeableness. A person high in A tends to accommodate the wishes and needs of others, while a person low in A tends to cater to his or her own personal priorities.I believe that negotiation is the key aspect while working in a team.One need to think of all team members and also ones own priorities.I was part of the treasury commitee in our college TECHFEST and the group was divided on the issue of division of money among various events.I made sure that their is a win-win situation for all and so the dispute was settled.[A=]
C refers to one's consolidation or conscientiousness. A person high in C tends to consolidate energy when accomplishing one or more goals. A person low in C prefers multitasking and a more spontaneous work style.I am quite highly focussed while performing a specific task.I am focussed in achieving my goal and my approach is quite clear.I dont waiver my decisions and path.Sometimes due to this i come out to be a uni dimensional person.I believe in doing one thing at a time and doing it perfectly.I proceed in a linear, sequential manner, with a strong will to achieve and consolidate my time, energy and resources in pursuit of my goals.[C+]
PROFILE TABLE BASED ON "BIG FIVE":-
What are your expectations from your course at MDI? What do you expect to gain in these 2 years of your Life at MDI? (750 words)
MDI aka Management Developement Institute belongs to top 10 B-Schools of India and it would provide me with the platform to be competent in management skills,develop a network and give me a big brand name.The MBA is a course to reach end. It is a degree designed to give you the ability to develop your career to its fullest potential, at an accelerated pace. Aside from a powerful life experience, the MBA degree should supply three main value propositions: Skills, Networks, and Brand.
MDI will provide me "hard skills" of economics, finance, marketing, operations, management, and HR, as well as the "soft skills " of leadership, teamwork, ethics, and communication that are so critical for effective management. In MDI students acquire these skills inside and outside the classroom. Since MBA programs at MDI attract people from very diverse industries and cultures, a program should be able to leverage these differences and translate them into learning opportunities.Thus it will be able to diversify my profile and i will get chance to work with such a diverse people.
An MBA degree program offers access to a network of MBA students, alumni, faculty, and business and community leaders. This network can be very useful when beginning a job search, developing a career path, building business relationships in career, or pursuing expertise outside my career field. For example, entrepreneurs need access to capital, business partners, vendors, and clients. Arts-related businesses need access to funding and strategic management in order to position themselves to be relevant in the marketplace. Global businesses need access to local business cultures as they expand their enterprises to new territories.Thus network is one of the key feature which one develop while studying at MDI.Thus MDI i hope will provide me a platform to develop a huge professional network which will help me out in future in building my career successfully.
The MBA degree is a recognized brand that signifies management and leadership training. The particular school and type of MBA program you attend also have brand associations that can help open doors based on the school's reputation. The strength of a school's brand is based on the program's history, its ability to provide students with technical skills and opportunities for personal growth, and the reach of its alumni and industry network. A powerful brand can give you the flexibility to make changes throughout your career.MDI is one such institution with 37 years of history behind it and big alumni base.MDI as brand attached with my profile will lift my profile significantly and help me to carve a niche in industry.MDI having such a strong alumni base will give me an opputunity to interact with lot of people from industry.MDI has shown its capacity by putting up 100% placements successfully since last many years.I hope that for me MDI will provide a pathway to select the best profile on offer when i will be sitting for placements.
Apart from all this i hope that Life @ MDI for next two years would be full of fun and frolic.Apart from studies it
would be great working with people from diverse backgrounds.Also being a sport enthusiast i would like to take part in various sporting activities in the institute.Also would love to represent MDI at various B School festivals.Also i would like to take part in various club activities during my 2 years at MDI and develop my group skills and leadership skills.Finally placements which would filled with fun and competition at MDI.I hope that Life @ MDI remains edged in my memory forever and would probably be a path breaker.I hope to get memories during the 2 years of my MBA which i could cherish for my lifetime. I expect to develop a bond with MDI so strong as my eyes would be filled with tears while leaving the institute after 2 years.MDI thus will play as a career launcher and thus will hold a significant place in my heart.Eagerly waiting to enjoy my two year experience at MDI at its fullest.
5) Summer internship would be the most important real time corporate interaction you would face as part of your course. In this context describe what Summer Internship is all about, and which area of management would you want to work in? (500words)
Internships are known for giving students the opportunity to apply their knowledge in real world environments. At the same time, they will also develop skills which will help them perform better at their jobs. Internships greatly increase the chances that a student will gain full time employment after MBA by giving pre placement offer. One problem commonly cited by employers is that many graduates do not have the practical skills necessary to excel in the job market. They also feel that the professionalism of students is less than it should be. Even though there are a large number of theories on how to encourage employees and increase profits, it is apparent that enhanced levels of education are not enough to prepare students for a real world environment. Being able to improve these weaknesses will make graduates much more effective in their careers. So internships play a major role.By using internships, students are provided with experience that will make them stronger. In addition to this, their work ethic will increase, and they will be confident in their abilities. Internships will also allow students to learn about time management, discipline, and effective communication skills. In the business world, critical thinking skills are very important. Managers must be able to make quick decisions which are based on logic. Internships will teach students how to excel in a large number of different organizations and industries. When students use internships, they will bring benefits to themselves as well as their employers. Attributes like motivation, leadership, oral communication skills, experience, and interpersonal skills are developed. There are a number of employees who naturally have these skills. However, it should be noted that most employees don't have these traits, and they must be taught. Summer internship help out to nurture and develop such skills.
Currently i have not decided in which area i would work and what would be my specialization as i am yet to make my choice.At current level my inclination lies towards finance and probably i would like to pursue it and work with a bank or a financial institution.My interst lies in investment banking and i want to work with banking institution, hedge fund or in banking sector in my summer internship.It will help me out in acquiring skills needed to develop a full fledged career after my MBA at MDI in this field.Summer internship will also give me real-time scenario to work with and probably will provide me with a platform to test my skills at a highest level.All i have learnt at my first year at MDI will thorouhly tested and will get to work with a real case.This will bring about problem solving approach in me as well as help me to handle work in crunch situations.So summers will play a major role in shaping my career ahead and it will be first encounter with the corporate being a fresher and so looking forward to it quite positively.