Academics
From the director’s Desk………
From the director’s desk,
Greetings, students! I welcome you all on behalf of SIOM, and hope with all my heart that you are having an amazing start of the academic year. MBA is a tough job. Or so they say. It depends quite on your perspective, actually. However, today, I am not going to bore you all with something you already know.
It gives me immense pleasure to tell you something quite interesting today. It all started with a name- Wing Commander CDR Rakesh Sharma. Rings quite a bell, doesn’t it? Well, we did get to meet him personally, up close! Unbelievably true!
The first Indian to venture into space and conduct experiments for 7 days, 21 hours and 41 minutes. Perseverance is the only word I can think of right now, when I think about this herculean feat.
There was excitement in the air, so much you could’ve literally smelt it!
He had simplicity written all over himself. I was truly humbled by his presence, when he went up to the stage and started recounting all his experiences. It was as if, he had lived all them just yesterday.
And the way, in which everybody was listening, you could’ve heard a pin drop in the conference hall, which is normally bustling with activity.
All of his problem tackling techniques in space, and in life too, in addition to the spine chilling experiences of the Indo Pak war of 1970 was truly fantasising to hear. I felt as if I am magically teleported to the Airfield where all the action takes place. He related his experiences to the current world scenario, which was an anecdote for us as well as the students.
It was an amazing experience, to be honest. On that note, I bid adieu to all of you, and once again wish you an insightful academic year ahead!
Dr. Parag Kalkar,
Director,
Sinhgad Institute Of Management.
Technology and Sustainable growth By Dr Devidas Golhar
Technology and Sustainable growth by Devidas Golhar
Ongoing changes in economic structure are important to sustain growth. At lower per capita GDPs, the diversification of economic structures reduces volatility and makes positive growth episodes last longer. As economies develop, services become much more important, but even at higher per capita incomes, manufacturing interacts with services to maintain growth’s momentum. What is clear in all this is that the structure of the economy matters for the ability to sustain growth. Technological change drives structural transformation by generating a continuous flow of new products and productive activities, as a result of which new sectors emerge and old ones shrink that have become technologically obsolete. Technological changes in production processes result in rapid productivity increases, which—in interaction with changes in demand— result in dramatic transformations in the structure of production. The productivity gains driven by technology reduce employment in some sectors and liberate resources that can be employed elsewhere in the economy. The classic example is agriculture, of which the employment share has been declining across the globe.
Inauguration of Shrujan – A SIOM Initiative (Start-up Cell):
“SHRUJAN- a SIOM initiative” startup cell which will make an attempt at inclining students toward being self-sufficient by harnessing and creating budding entrepreneur thoughts through various activities, was inaugurated.
The Alumni Mentors who constituted the panel were Mr. Sangram Kadam, Rajeev Manjrekar, Shraddha Patil, Mr. Tarak Rindani, Satish Kataria, Deepti Chandrachud, Mr. Nihar Laddha, Mr. Sohan Kabade. Mr. Sangram Kadam took charge of the panel and panel members started their discussion on entrepreneurship, innovation and start-ups.
They motivated students by saying “people who don’t have goals works for the people who have them” so be ambitions to solve problem , be self owned, think out of box ,break fear, have trust and patience on the journey.
Courteous Expressions? by Dr Sadhana Choukkar
Courteous Expressions?
In addition to expressing and communicating about Reality, language can superimpose or create reality. It can also imply or add to reality. Along with the explicit message there is a constant interplay of message due to sub text and Meta effects of the words or short forms used. The SMS culture has promoted the usage of short forms [abbreviations – both standard and non-standard] like never before.
It always helps to edit what one want to express especially in the written mode where, punctuations if misplaced are noticeable, and can alter or distort meaning. One has to be even more careful while using short forms and Acronyms when dealing with emotional response or empathic expressions.
For instance, even w.r.t. Whatsapp chats when people get into expressing empathic response or social courtesies, people freely, casually and usually use short form like R I P preceded or followed by the name of the person you are sending condolences to, but inadvertently miss the target almost implying that his very soul rest in peace – like R I P xyz or XYZ R I P or mere R I P. Sometimes event he spelling is carelessly misspelt as piece for peace. Time and again I’ve had to send subtle reminders off Whatsapp.
What about – Tnx, Thnx, T.C., GM or B’day which are all expressions of emotion, how genuine do they sound as short forms. I’ve wondered how much time do you think it takes for the sender to communicate his feeling earnestly? Let’s not reduce these emotion backed epithets to mere formalities devoid of emotion. Interpersonal skills are not just about communication exchanges but message transaction with Humans for Humanity.
by Dr Sadhana Choukkar
TRUMP Trumps Hillary’s Ace by Sadhana Choukkar
TRUMP Trumps Hillary’s Ace
Some inferences:
This is solely the writer’s point of view (not read about any of the analysis so far available post-election). Though much is made of the language used by Trump in keeping with the linguistic elements peculiar to each state as conveyed through “whatsapp” forwards, it is his Will to fight against terrorism and keeping a check on immigrants that won him votes. The larger majority shares similar concerns and don’t really care about Hillary’s broad minded all accommodating approach.
How did he manage this? It’s no surprise if you relook at the recent US election stories – President George Bush won his second term on the basis of the Hunting Metaphors he used to contain terrorism. If one recalls the language he dwelt on, it clearly communicated a merciless and ruthless flushing out of terrorists – “Smoke them out”….. “Hunt them down”…. and the like, which is what got him elected as the President for the 2nd term.
Next descended Obama, who was a change they waited for __ a much younger leader, who could start afresh, and knew too well that personal safety on the physical premise is very dear and close to everyone’s heart. In every speech that he made, he ensured they heard about his zero tolerance for terrorism.
At the end of his first term when he masterminded the military operation to eliminate Bin Laden, he won people’s confidence and had an easy victory in the 2nd term.
Now, in the current US election I don’t think Trump was voted so much for a sense or feel of change but for the zero tolerance he repeatedly voiced for terrorism, which really didn’t find a prominent place on Hillary’s Agenda. This is how Trump struck the right note, by perfectly matching people’s crucial personal priority of physical safety and security.
By
| Sadhana Choukkar |
Malthusian Theory revisited: by Samita
Malthusian Theory revisited:
“Thomas Robert Malthus studied the relationship between food production and population growth in 19th century. According to him food production increases at a uniform rate i.e 2,4, 6, 8…so on, while population grows exponentially i.e 2,4,8,16…so on. So to balance the burden of population nature implements“positive checks” like disease, flood, famines etc. Nature does not spare the innocent people. Malthus suggested “Preventive checks” i.e actions implemented by people to avoid contribution in population, which are better than the positive checks. Since First Five Year Plan India implemented population controlling programmes to reduce the burden on economy. Presently India’s annual population growth rate is 1.2%. If we examine the natural disasters like flood, famine, tsunami, cyclone occurred in India in past few years, we come to the conclusion that the still the ‘Positive checks’ are more stronger than ‘Preventive checks’ to control the population growth in India.”
Good day
Best Regards
Samita
Create Jobs rather than wait for a Job…!!! by Samita Mahapatra
Create Jobs rather than wait for a Job…!!!
Like every nation India with a population of 1.25 billion is also chasing the dream of growth, socioeconomic development and sustainability. Technology is controlling our life style. We depend on technology so much that, life comes to a state of stagnancy if we forget to carry mobile handset. For every activity we have a ‘app’ or ‘Internet’. Most of the basic payments we do using app or internet. Whether it is payment of electricity bill, house tax, income tax, internet or mobile recharge, education fees, groceries, medicines, apparels, hotels, restaurants, travel so on and so forth. There is no need to visit a bank branch to do any transactions. There is no need to visit electricity department, income tax department, house tax department, ticketing or mobile recharging shop to get these services. Even groceries, medicines, food can be ordered through various apps. Possibly in future banks branches, tax collection departments, electricity billing centers, travel agencies business will curb. The way STD and PCO shops were substituted by mobile, internet and DTH recharging shops- these will be further replaced by apps.
According to research conducted by national as well as international institutions, in India service sector contributes 57% to GDP, industry contributes 12% (excluding manufacturing), 16% manufacturing and 15% agriculture. While the employment generated by service sector is 24%, 12% industry, 11% manufacturing and 53% by agriculture sector.
With reference to The Times of India dated 16th October, 2016, in India 550 jobs are disappearing every day and by 2050 there will be a shrink of 7 million jobs, its time for the government and mentors of education to prepare the youth to face the future challenges. The way apps and internet are ruling our life jobs will vanish!! Stress less on theoretical approach (i.e syllabus based study) and more on practical approach like skill development, innovation and being entrepreneur.
Prepare today’s youth to create jobs rather than wait for a job!!
by Samita Mahapatra
Banking Payment system Anand Bhide
Indian Banking community and public in general is in the state of shock after hearing the story that estimated 3.2 million cards issued by Master, Visa and Rupay from various Indian Banks have been compromised in what can be termed as biggest Cyber Crime in Indian Banking Industry.
Hitachi Payment Services, which maintains ATMs and point-of-sale terminals in India is at the center of this
Controversy.
Usually there are two types of cyber crimes which are found to be most common when it comes to ATM or POS,
first is where skimmers are installed in the ATM machines and or spy cams are installed which read the card details
as well as take images of corresponding key press for PIN Code. While the other is malware affecting the ATM
data transfer which steals data while it is being transmitted or stored.
It’s practically not feasible to completely stop occurrences of cyber crimes as hackers are much more intelligent
than ordinary developers who actually develop the systems (more often under time pressures due to delivery deadlines).
But common sense can save you a fortune. Some of the basic tips for a layman will be never keep unreasonably high balance as a free float in Savings account. The better way to manage liquidity is to have short duration FDs which can be broken at 1 day notice.
Keep changing the pin of all cards at regular frequency (once every month). Never use Internet Banking on public machines, if used, make sure you clear Browser History at the end of session and change Internet Banking Password immediately once you are back on trusted network.
Never use unknown ATMs or especially the ATMs which are directly accessible on road.
ATMs inside Bank premises are usually safer as tinkering with them is not that easy unless insiders are involved.
Registering for SMS based alert services is one more important thing as one can immediately come to know about fraudulent transactions and inform bank within first 24 hours. Reading monthly statements in detail for all the bank accounts and or credit card accounts is of paramount importance. So may be 1st of every month is the date for the diary. Buying blanket insurance for all card transactions is also one more option to secure multiple credit and debit cards at one go.
Last but not the least is to spend money yourselves to enjoy life before someone else does it for you!!
by
Anand Bhide
Sinhgad Institute of Management 