Present World Has Become Very Materialistic Commerce Essay

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Yogah Karmasu Kaushalam" as defined by Shri Krishna in the Bhagavad Gita means that perfection in action is Yoga. To achieve yoga, a person should perform action ethically and skillfully by abandoning attachment, remaining the same to success and failure.

We are aware that the present world has become very materialistic. People in general always look for their own profit before performing any action. It is not always possible to follow this saying as everyone works expecting something or the other as the result of the actions performed to satisfy his needs and desires. We should also perform action keeping in mind ethics, morals, values, responsibilities etc not just our profit. For e.g. there are a few instances where I have performed actions without expecting anything in return. I have taught few poor children that come to my mother's school about some basic aspects of life that they might not be able to learn through school curriculum. I offer water and food to people who work in extreme condition because of their work and responsibilities like salesmen, census people, workers etc. I have been working in my organization for the past two years skillfully and sincerely exceeding results and outputs even though my compensation has decreased from the time I joined the organization.

These were a few situations where I worked without expecting anything in return because it was our duty to help as a human being, as an employee, as a friend etc.

2) According to you, what are the key competencies for a management student? What, according to you, would be the bare qualities that one should have in order to be a good manager (750 words)

Management is a diverse role with a range of responsibilities and challenges that need to be addressed. The bare qualities required to be a good manager are:

Leadership Skills: The most important skill that a manager should possess is leadership skills. He needs to be a confident speaker and presenter, someone who can delegate tasks appropriately and a person who can take decisions comfortably. He should be able to cast a vision for the future.

Knowledgeable: A good manager should be a technical, functional and systems expertise. He should be aware of latest tools, techniques and technologies. He should have knowledge of his own strengths and weakness and should be able to motivate himself.

Team Development: A good manager understands that team development is a continuous activity. He should respect and reward his employees and should be loyal to the organization.

Excellent problem solver: A good manager should be pragmatic and should be able to focus on critical situations using the most accurate information that is available to get to a solution. He should possess the ability to analyze problems, evaluate possibilities and outcome.

Results focused: A good manager should be result focused. Being results focus is about knowing what results are required and focusing yourself and the team on delivering those results. This keeps the progress on track and reduces the scope for distractions.

Planning skills: On most occasions, a manager has to work on more than one thing at a time. He has to manage people, money, processes, projects, customers etc. Therefore, a good manager should be able to plan effectively in order to cater all these things.

Integrity: A good manager should be fair and consistent and should always keep in mind moral values and ethics while taking the decisions. He should be honest but diplomatic in tackling situations keeping in mind the benefit of the organization and its employees.

Openness to new ideas: A good manager should be flexible and open to new ideas. A successful manager understands that there is reluctance to changing old patterns, but also understands the need to move forward and not stagnate.

Efficient use of resources - A good manager should be able to effectively utilize all the resources available with him. He should be innovative in dealing with situations especially when lack of resources is an issue.

In order to grasp these qualities, the key competencies that a management student should have are:

Time Management Skills- Time management skills are very important for a management student. Management is a very complex field that requires focus more than one thing at a time. Therefore, a management student should have excellent time management skills in order to cope with multiple things at a time.

Planning Skills - A management student should be able to plan his schedule according to the requirements. Effective planning helps in tackling situations in a better way to get the desired results. He should be able to plan effectively to utilize all the resources available with him.

Strong Logical and Analytical abilities - A management student should have strong logical and analytical abilities because it helps in understanding the concepts better which form the basis of decision making. A management student should be sharp and should be able to analyze situation is order to effectively deal with them.

Communication Skills - A management student should have excellent control over written and oral language in order to present and convey his ideas. He should have good articulation skills and should be able to present himself confidently and with ease.

Team Skills - A management student should be a good team person. He should be comfortable while working in a team.

Flexibility - A management student should be flexible in his decision making. He should be willing to stretch beyond limit to get the desired result. He should be comfortable in a role which fluctuates between tactical and strategic business activity.

Innovativeness -A management student should be able to think and act differently and innovatively while conveying his ideas.

Networking - MBA College is a melting pot of learning from one another. A management student should be good in networking and dealing with fellow peers.

Awareness - A management student should be aware of all the latest tools, techniques and happenings around him because technology is a very important factor in today's business scenario which can be very effectively used to get desired results.

3) Draw your personality sketch/profile based on the 'Big Five' leadership theory, quoting valid examples.

The 'Big Five' leadership theory focuses upon those behaviors that one expresses while dealing with people, changing circumstances and environment. The five big personality aspects that measure intensity of one's behaviors are:

Extraversion:√ā¬†Extraversion implies an energetic approach to the social world and includes traits such as sociability, assertiveness, activeness and positive emotionality. Extraversion is habit of being predominantly concerned with and obtaining gratification from what is outside the self.

I would rate myself as an individual who is an extrovert most of the times. I take pleasure in activities that involve large social gatherings, such as, parties, community activities and personal, business or political groups. I am assertive, honest and upfront about my opinions but I do not impose my opinions on others. I like to be noticed in public and always be a part of a socially active group. I easily talk to new people or be a part of new group. I am emotionally expressive and people in general are able to guess about my mood. I enjoy traveling and doing adventure stuffs.

But sometimes, I like to spend few moments alone with myself. During that time, I do not like to talk to anyone. I always think before speaking and try to speak less but effectively.

Agreeableness: This personality dimension includes attributes such as trust, kindness, politeness, altruism, affection, and other pro-social behaviors.

My friends and family always think of me as individual who is kind, supportive, reliable and affectionate. I have had very few instances of quarrels or fights throughout my life because I always think about the situation which the other person is in and what I would have done if I was in his situation. I like to listen to other people's opinions and to agree to them if they are worth considering.

But it is not that I get easily influenced or do not express my opinions thinking about the situation that may arise. Even though I listen to people's opinions, most of the times I take my own decisions. Most of the decision that I take are taken after thinking about the affect of decisions. I am expressive but not authoritative about my opinions and want my efforts and achievements to be acknowledged.

Conscientiousness: Conscientiousness describes socially prescribed impulse control that facilitates task and goal-directed behavior, such as thinking before acting, delaying gratification, following norms and rules, and planning, organizing, and prioritizing tasks.

I would rate myself high in this personality dimension. All the decisions that I take are taken including high levels of thoughtfulness, with control and goal-directed behavior. I always take my decisions ensuring positively impact on my career. I like to do all my tasks in an organized and planned manner rather than in a spontaneous way. I try to achieve the goals and targets that I set for myself with full commitment and perseverance.

Emotional stability: Individuals low in this trait tend to experience emotional instability, anxiety, moodiness, irritability, and sadness which is known as Neuroticism.

I am a person who is emotionally stable, strong nerved and composed. Most of the occasions I am very calm and therefore, I am able to handle situations without letting emotions come in the way. I do not get stressed easily and try to handle difficult situation calmly before correct decisions can be taken only if the person is relaxed and comfortable. I do get nervous in some situations but I am able to control myself without getting frustrated. I am not jealous of other people around me in a negative manner. I try to learn from them what shortcomings I have in order to be more successful.

Openness to experience: This trait includes characteristics such as vision and insight, and those who are high in this trait tend to have a large range of interests.

I always like to try out new things. I am open to new thoughts, ideas and changes. I try to analyze the impact of these changes before applying them because planning is essential if you are open for changes. I do not like a stagnant environment. I am most of the times itching to do things in a better and different manner till the time I find the best solution available. I like to be creative and innovative even while doing the basic things. I also like to try new options that involve calculated risks even though I am not familiar with some of them.

4) What are your expectations from your course at MDI? What do you expect to gain in these 2 years of your Life at MDI?

Knowledge of topics such as management theories, business strategies, managerial effectiveness are of utmost importance in today's competitive corporate environment. MDI is an abode where learning is accomplished through pragmatic approach- the key to move up the corporate ladder. An MBA from MDI would help me gain the necessary skills and knowledge required to excel in this competitive environment.

The various aspects that I wish to learn in these 2 years at MDI are:

Knowledge - One of the most important aspects that I wish to gain from MDI is knowledge. An MBA adds immense amount of knowledge covering aspects like technical, domain, functional, system, theoretical etc. Specially designed course structure that cover a wide range of aspects helps learn concepts that form the basis of decision making to handle situation effectively and efficiently. Planning for these courses and tasks also helps tackle problems in a structured manner. These two years at MDI would help me understand the social, economic, political environment to become a better leader and a better individual.

Perspective - With the help of case studies, contests, quizzes, business events etc, one can develop own way of thought about a particular situation at hand. Dealing with different issues and facing different problems helps tackle them better in order to get desired results. One gets to understand holistic view of a situation and is able to think from each person's perspective. Thus, I believe holistic perspective of situations is an aspect that I will be able to learn in these 2 years.

Team Spirit - Another important aspect that I wish to learn in the next 2 years is fostering better team spirit. Team working skills are very important if one wishes to climb the corporate ladder. In the next two years at MDI, with the help of group assignments and tasks, I will be able to understand fine intricacies of group dynamics that would surely assist when working as a part of the team.

Handling Difficult Situations - The corporate world is bound to have difficult situations and difficult times. In these two years, I will be able to learn about many issues such as social loafers, managing conflict, ego issues, coming to an agreement etc. This practice thus helps one achieve mastery at managing people in difficult situations in a better way. Planning, formulation and strategy form an essential part of decision making that would definitely be enhanced. Effective decision making skills would definitely be gained at MDI.

More Self understanding - These 2 years at MDI would definitely help me understand myself better. Dealing with situations such as tight guidelines, working in a team etc would help me understand myself even more. I will be able to understand my strength, weaknesses, capabilities, motivational factors etc in a better way. This would help me overall to get to my long term goal.

Personality Development - Presentations, quizzes, exams, inter-school competitions, simulated games, professionalism etc all make one a more confident individual. I expect that all these factors would help me enhance my presentation skills and confidence level to enhance the overall personality.

Analytical skills - With the help of application tools like Microsoft excel and the knowledge of various statistical and quantitative methods, one can enhance his analytical skills. This skill along with the habit of crunching any problem and coming up with an instant solution is an aspect that I wish to enhance in these two years.

Integrity - Moral ethics and values are of very high importance in this corporate world. A manager has to be fair, honest and consistent with his words and his actions. This forms the basis of the bond between him, the employees and the organization. These 2 years at MDI would help me maintain high ethical standards.

Innovation - Many times, in order to improve results or to get out of difficult situations, innovation and thinking out of the blocks is required. Change is very important in an industry because without any change in thinking, a business can be very easily get stagnated. Thus, the need for change arises. At MDI, innovation is encouraged which would definitely help me in this regard.

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?

Internships can be an excellent way for students and employers to find just the right match, successfully. As an intern, one can develop knowledge, competencies, and experience related directly to ones career goal.

The benefits of internship as a part of the course are:

Internship helps in acculturation and socialization in organizations; and provides an opportunity to bridge the gap between theoretical and practical knowledge by helping students in applying concepts that they learned in the classrooms to real life business situations. It is designed in such a way that provides exposure to organizational working, to develop an understanding of business realities, and to learn to apply theory to real life business situations.

Internships helps in developing professional work habits; provides an understanding of corporate cultures; thus providing an opportunity to analyze international business settings and offering platforms to compare differences in different work styles. This is especially beneficial for students who join MBA without any work experience because it would be the first exposure for them of corporate world and culture.

Internship helps the student to know about the market standards and requirements. An intern gets to know about the expectations from the market/customer which can be very helpful in some MBA specialization that require more customer interaction.

Internship also helps in networking. It is a great opportunity for students to learn, meet new people, make new connections, and begin to show other people what they're capable of achieving.

It helps the student decide which specialized field of his industry suits him well, and wants to choose it as his career field. If the student is not sure which specialization is the right career path for him, doing an internship is a great way to try it out. Internships are generally short-term, so one can test his future career without committing and find out if it is a career that will satisfy him.

Internship experience helps forming good stead when approaching problems because it helps choose the effective styles learnt during internship rather than applying the same approach in every situation.

Internship helps students build self-confidence. This confidence and experience helps the student secure the job in later part of the curriculum.

As this internship is part of the course, it means the student still has one more year left in the curriculum where he can use that one year specifically in the region he has identified through the internship.

Internships may also present a potential for an offer of full time employment.

As MDI offers specialization in two functional areas, I would like to work in Finance and Strategy although I have not closed the other options. I would be able to take the decision in a far better way after completing one year of study in MDI.