Mr. Aakash Niranjane
Topic: Cost reductions techniques in Organized Retail
Cost Reduction Techniques in Organized retailing sector” was the topic that being covered during the session. The real life example of failures in the retail giants and how it turned out to be the pathway for successful retailing techniques were being emphasized by Mr. Aakash Niranjane.
The example of ‘Subhiksha stores’ was the example for studying the Cost reduction techniques in retail sector. If we consider the retail sector the malls are the best example that provides all the products and services under one roof. The growth of retail sector in increasing day by day because people prefer the most of the their demands to be fulfilled in a less duration. Subhiksha had grown from 24 outlets to 150 outlets in just a span of 2 years.
The cost reduction techniques that every organization should consider were taught to the students. Sir also gave some tips in how to be a successful manager by adopting such techniques and using it in practicality whenever necessary because according to sir the one who thinks out of the box is the one who will be recognized by every organization and will also receive appreciation.
This seminar indeed gave a value for the time invested in attending it because the students could learn new concepts and their usage.
Mr. Nick Payne
Mr. Nick Payne is the principal lecturer in Sheffield Hallam University, UK visited the institute and shared a brief knowledge in the field of Finance and the variations in the teaching methods between the Nations.
Sir had discussed various reasons on how to get any value for overhead and various cost reduction techniques which can be practiced while using various pricing strategies. Pricing strategies should be selected depending upon the type of the product and the target market for whom the product has been manufactured. Sir also enlightened the students on the concept Yield based pricing and (PARM) Perishable Asset Revenue Management.
The purchase habits of the customers helps the companies to predict better pricing strategies for the organization so the profitability ratio of the company is high. It can be said that the profitability ratio and the ratios of customer satisfaction is directly related because if the customers are satisfied that means the company has an increased sales and increased sales will result into profit for the company.
The most important topic discussed in this seminar was the concept of circular argument in which the topics of cost, price and demand are in a circular motion.
Mr. Sudhakar Kulkarni
Points of Discussion.
1. Banking career & its scope (MBA – Marketing, Finance and HR).
2. Courses provided by IIBM (INDIAN INSTITUTE OF BANKING MANAGEMENT).
• DIBF – 3 Subjects online examination (100 marks each)
Registration fees- Rs.1500, Core fees- Rs.5000.
Exam will be held only in the month of June and December.
• NCMM- Financial Body Operation.
• CMP- after MBA also along with MBA.
Registration Rs. 10000 which is valid for 1yr and exam should be given within one month of registration.
3. Adverse effects of Inflation:
• There is 70-80% import of crude oil in India.
• In 2-3 yrs because of inflation the rupee value will be more depreciated.
• There will be high interest on costs.
4. Recession period is the best period for investment for controlling the inflation.
Prof. Ullas Pramanik
There were two lectures of 3 hrs each on two consecutive days for the last unit of business research methodology which was data analysis and report writing. The topics covered under this unit were data analysis, graphical representation of data, bi-variate analysis, linear regression analysis, test of significance and research reports. The topic of the second unit was also considered that is hypothesis testing.
The lecture mainly focused on all practical aspects rather than theoretical aspects. All the concepts were taught is such a way that we can use it in any case that we may face in future when we will be working in an organization. Research comprises both theoretical and practical knowledge which has equal importance. When it comes to practically applying all that we have learnt it become little difficult. The main reason for that is lack of practical knowledge this lecture helped students in understanding how different tests of significance and hypothesis testing are being used by considering different case studies. According to the professor, just studying the concepts is not enough we all should be eligible enough to apply those concepts practically when a particular situation is being but forth.
Ms. Gunjan Bahl
BEC (Business English Certification by Cambridge) is a Benchmark English certificate course which is conducted by Cambridge University. There are four domains on which the ability of the students was evaluated i.e. Writing, Speaking, Listening and Interpretation. There are various requisition made through it and the certificate provides the students with an opportunity in the corporate world.
There are three level is the BEC certification. If any student clears all the levels and receives a BEC certificate then he/she is eligible for a student visa, this is the biggest advantage that a student can get.
The program was arranged by Prof. Vahid Pathan (Placement cell). According to Ms. Gunjan the certification has a lot of value with regard to entering into the corporate world. Any organization looking for a right candidate will obviously choose a candidate having a BEC certification because priority is given to BEC as it is a certification given by the Cambridge University.
Mr. S. S. Deshpande & Mr. Sudhakar Kulkarni
PIBM had set a platform for The Institute of Cost Accountants of India to conduct an Investor Awareness Program for MBA Students. The seminar was conducted by two prominent guests that is Mr. S.S. Deshpande and Mr. Sudhakar Kulkarni.
This program made us understand that investment should be done with proper study of the scheme with calculated risks. Earning is important but it is equally important to learn how to save and how to invest. We should understand our need then only invest because needs can be fulfilled but wants are unlimited. The pre-requisite for investment is saving. The three things that we should consider before investment is safety, liquidity and return on investment.
Investor Awareness Program thus helped to understand that we should accumulate first and then enjoy because investment is a sacrifice done today for a better tomorrow.
Mr. Parshant Sarathe & Mr. Kishor
Mr. Prashant Sarthe an expert in Investment portfolio on the derivative market opens new doors for students who are ready to invest and make a carrier in the domain, wherein an initial training program would be conducted under the expert guidance and practice on real share.
Sir enlightened the students about the lowest capital investment business i.e. the share market. One can enter into the share market by just investing rs.3500 in the derivatives market which is less risky and pays high returns in less time.
By investing in such domains one can save a lot of money for the future and savings are really very important in today’s costly world. Only 5% person out of the total population in India actually knows how to trade in the stock market and which ids the safe section in which one should invest. So there is a wide scope to earn profit by investing in the derivative market.
Mr. Vivek Pancharia
• Introduction of various career avenues in the IT field.
• Role of MBA in the IT field.
• Do’s and Don’ts for MBA Professional.
• How to crack the entry to high positions in the IT field.
• Business Analyst and its job work.
• Opportunities in the International market.
• Salary package and further growth.