PGDM VS MBA

After passing out from school and graduating college, there is still more studying to incorporate the higher education for a few more years you have before you enter the world of active work, the real business world. Higher education becomes a prerequisite if your aspirations are to be a successful professional not just a simple graduate. A simple graduate might be a success if the hard work does not fail him, but higher education improvises the skills you might already have, gives you stamped credentials to show off the skills without the effort of marketing yourself to the top brands if you would like to climb a little higher.

About PGDM Programs

Learners like to inculcate learning as a habit that could aid them in becoming winners in their own field. When diploma in management was introduced in the educational market, students enrolled in plenty. The PGDM with the full form articulated as Post graduate Diploma in Management is a diploma in management, should be recognized and approved by the AICTE – All India Council technical Education, the governing body for the PGDM program from the residential institutes. The AICTE approves the curriculum of the PGDM programs for the best college for PGDM and the academicians who take a step ahead in making the residential institutes providing this program.  The curriculum is on par with the industry, and it takes a practical outlook with the latest trends incorporated into the curriculum fold of the PGDM program. Out of 10 top B Schools almost all have PGDM programs integrated into them. Out of all the management programs, the PGDM program is the most sought after program amongst the students. The duration of a PGDM could be 1 year as well but it won’t give you the similar curriculum that an MBA offers. The 2 years duration is necessary to give the feel of an MBA, even if a PGDM is not a proper degree.

About MBA Degrees

Masters in Business Administration (MBA program) is a degree course of over 2 years affiliated to any University. The degree affiliated to any University is granted by the University Grants commission (UGC).The approvals, the recognition and the accreditation comes from the UGC. The UGC is the governing body for the multiple universities who would like to initiate an MBA degree amongst their various programs. While the approach of an MBA program is very theoretical, its approach cannot be extremely practical. As the approvals from the UGC, and the university are provided with certain factors into consideration, such as if the approval is for a change in the curriculum, then even the faculty members need to get trained into the curriculum, and so the approvals come late or when the other programs have already  incorporated the latest trends .Nowadays, a completely different kind of MBA has come into picture named as Core MBA . The core MBA implies the practical implications of the earlier theoretical MBA.

Differentiation between PGDM and MBA

While the above paragraphs do give a gist of the complete package that is PGDM and an MBA, there are bound to be fine differences that could make a student take their career decisions. So to understand if a PGDM at the best college for PGDM is what a student should enroll into or try harder by taking the MBA degree from the top MBA colleges in India or abroad, the differences would make the whole process of choosing which one an easier proposition.

·         MBA is university bound; a PGDM program is bound by residential institutes. There is more freedom for PGDM programs to modify their learning methods or to include a training session for their faculty members.

·         An MBA degree is very theoretical in its approach while PGDM has become very practical with a lot of experiential learning methodologies imbibing into the program.

·         While AICTE approved PGDM program as well as the MBA course, a UGC grant and a University approval makes an MBA degree complete.

·         A PGDM program is up to date with the latest curriculum while MBA takes months to initiate the changes in the curriculum as the University grants approvals with a lot of considerations such as text book changes & the printing of these books, and the faculty training all over the state etc.

iFEEL Management institute has taken this advantage and gone ahead with an outstanding concept that includes several learning events and festivals while changing their curriculum  with the current paradigm shift in the business world. While A PGDM is the choice for iFEEL management Institute in Pune, the residential institute does not lag behind in placing their well trained & exceptional students in the best companies of the world, thus making leaders of tomorrow of the soul that makes iFEEL institute in the present.

Career Planning: Preparing for Your Future

Childhood gives you freedom from organized thoughts. Fantasy is your companion and it seems to be tolerable then. As you grow your thought process starts becoming concrete, and you need to follow specific rules. Despite the fact the childhood experience makes for concrete changes we need to be flexible when certain conditions are to be met. As a child, you can easily let go, but as an adult your choices need to be analyzed according to your personality. So your concrete experience and the circumstances guide you to flexible decisions in life. While life shows a bigger picture, a career option is smaller and has to be chosen very soon to follow that path before the term ends. The best colleges for PGDM and the Top B schools in India have career experts guiding you to take those concrete decisions you wouldn’t want to change later.

Career Planning and Its Importance

A chosen career is your plan for a successful future. When you know you are meant to be either a doctor, or a manager or an engineer or maybe a rocket scientist, it is not just normal circumstances that craft you into one. You have either worked hard for it or your mentor has assisted you in planning your career. Career planning is a complete task right from incorporating your career goals to planning every minute task on a daily basis. It’s an agenda to be followed with discipline. Primarily, consider one or two career goals, stick to a career goal that could have a possible positive outcome then follow the goal with a vision and a strict mission. Two career goals help in the near future when one strategy fails, the chances are the other will succeed for you. Success does come from hard work, but if there is no plan after creating a career goal then the unproven situations might remove your focus from your goal.

Focusing on the career goal and planning according to your strengths and the weaknesses, is the primary concern in planning a career. If you see yourself to be a particular professional in the near future, you focus on that goal as a sole mission and it does get accomplished by catching up and knowledge gathering.

Career experts assist in creating career goals according to the vocational tests taken, and they guide all the way through the complete planning of the goal created as a blueprint for a winning future.  In fact the top MBA colleges in Mumbai have a vocational guidance expert in helping select the right specialization.

How To Make A Career Goal And Follow It?

When you are certain and have a sure footing on a sector that you would like to enter or you are focused onto a career that gives enough remuneration, whatever might be your intention to construct a future, you need to follow certain rules so that they become your guidelines for the plan created.

·         Long term goals are the final outcomes you would like to see yourself in the end.

·         Short term goals are those small plans to get to the long term goals.

·         Long term goals become your vision and the short term goals become your mission.

·         To ensure that you accomplish your short term goals you have to create a quarterly, monthly, weekly, and a daily agenda with the objectives, and the related tasks.

·         While the tasks are related to the short term goals, the long term goals are related to the short term goals, and the focus remains on the final outcome.

Focus, determination, and hard work are the core success factors to follow a career goal, and construct the career plan from a blue print to a reality. While the whole process is realized you become self aware, you assess yourself, evaluate the possibilities of further growth and change flexibly into a better designation while you at it. The entire process is absolute, and gives you the role of a functionary who performs, changing the course as and when the world adapts to it.

Career Branding

Career planning explains the entire reason for you to remain in a position, and while you position yourself there, you create a personal brand. The entire package of your educational qualifications, your practical and professional skills, your talents, and finally your relevant experience makes for a personal brand. To make yourself a career brand, a personal mission statement, and a brand positioning statement give you that focus to a personal brand that is you.

iFEEL Management Institute in Pune is one of the short term goals you could incorporate into your complete agenda of the final career goal. By being the best college for PGDM, it will enhance your resume and provide you with the best career option in the business world and place you to position you well before the others.iFEEL is best amongst the other PGDM Colleges in Pune .

Scope of PGDM in Operations Management

Scope of PGDM in Operations Management

Management Institutes recognized the importance of procedures and processes that could easily let the organization flow in the precise direction. While these were present primarily in the manufacturing and construction sectors, the involvement of the procedures and processes culminated into a complete operations management specialization. Integrating analytic flow into the processes was made into a complete department called operations.

Operations Management

Designing the complete process blueprint, and following the procedures into the projects, the supply chain, the logistics, the processes, the services and the product is what signifies operations management. To make available the goods and services at the precise stipulated period , and to follow the same procedure without a single error day in and day out  is the performance of operations management in an operation professional’s life. Purchasing goods and services at a well bargained price, and following the best practices of materials management is a part of operations management. Following Inventory management techniques, leveraging supply chain management, and understanding the complete flow of processes are the core areas of operations management. While the complete organizational structure would be designed through the comprehension of operations management in a particular organization, the whole process needs good institutes to create good professionals to conduct these responsibilities. Strategically managing the whole process and analyzing through reasoning out the precise functioning at the stipulated period of the organization again is a part and parcel of operations management.

PGDM in Operations Management

While the management institutes do understand the functioning of the processes and then the complete operations of an organization, they incorporated the complete specialization into the management course. While the Top MBA colleges imbibed operations management, the best colleges for PGDM took to it with the complete curriculum as well. A post graduate diploma in management was a simple diploma not on par with an MBA, but was practical in its approach and very up to date in its curriculum .AICTE – All India Council in Technical Education is the governing body who grants permissions to make changes in the curriculum, allow institutes to incorporate PGDM’s and integrate the faculty training and so to complete the package in its absolution.

While the subjects could be world class manufacturing, six sigma , project management , production  planning and control , quality management , Supply chain management , outsourced manufacturing, and customer centric strategies , there is more to learn in operations management if the whole process is taken into practical considerations.

Career Options in Operations Management

The many opportunities that could be catered to after operations management would give way to the following designations:

•             Retail Operations Manager

•             Operations Manager

•             Operations Executive

•             Assistant Manager Operations

•             General Operations Managers

•             Plant Manager

•             Area Operations Manager

•             Process re-engineering Managers

•             IT Operations Administrators

•             Deputy Manager - Cinema Operations

•             Manufacturing consulting Managers

•             Channel Manager for GSM operations

While the initial pay after operations management could be 3 lakhs annually, after experience the remuneration could be higher and the growth is enormous.

iFEEL Institute of Management studies in Pune being the best college for PGDM knews the job opportunities an Operations management could create in the market, and easily was taken to adding up this specialization into its kitty. iFEEL is one of best among the other PGDM Colleges in Pune

Why Are Top Management Professionals Important For any Business?

The top management is made up of those individuals who have got the right experience, enough experience to handle the entire business, make decisions, and implement processes. While a business can function without a top management, it does so haphazardly. Without the lower level executive being guided into their job role, and without any authority deciding this fact of who can do what in a work environment, the haphazard situation remains. The smooth organizational operations and the smart decisions come from top management colleges. The management professionals who have passed out form the top b school of India or are from the best college for PGDM are habituated into this sphere as they need to grow into managerial roles over the year they get trained. General Managers, CEOs, COOS or other managers who make serious decisions in the organization are made of the top management. The top professionals are the cream of the corporate world, and the smooth operators of their corporate race.

9 Reasons Top Management Professionals Are Important

1.      Establish a Professional Decorum and Ensure Executives & Managers Don’t Cross Their Lines

When miscommunications are hovering in the work environment, the air seems murky enough to breathe. In such an environment people don’t grow into professionals, but the miscommunication brewing stunts the growth. To keep clearing the air of miscommunications, one should have meetings between the people who have the conflict going. The top management does this collaborative act to incorporate peace in the workings of the work environment

2.      Improvise on the Revenue and Generate Profits for sustainable growth

The main prerogative in keeping someone at the top is to get business and with sustainable growth.  To improve on the incoming revenue, and get that liquid cash into the pocket for the regular business running, one needs the apt benchmark coming from the top. While keeping targets and increasing the targets to reach that yardstick unachievable without a top management, the revenue percent keeps increasing with a professional sitting at the top

3.      Maintaining Responsibility and then accountability

When in a family there is a patriarch who owns the responsibility of the family members, and then takes accountability in getting them educated. Similarly, when the top management needs to launch a product into the market, one of the many scenarios in a business environment, they will take the whole responsibility of making the product launch a huge success, and will take the accountability if the market launch didn’t work out the way it should have been implemented.

4.      Promoting Respect and Earning The Same

Executives have personal conflicts that seem to appear at the professional front at times. While we need to balance out this work-life scenario, we need to respect every individual, and understand that every employee is different and incomplete. To endorse this behavior into the work environment and promote by incorporating the same into the top management’s personality, they earn followers & then respect

5.      Minimizing Conflict and Encouraging Interpersonal Interactions

Despite the fact that the lower level executives have several conflicts, the top executives show their conflicts through innumerable ways. Email conversations proving a point or project analysis getting a long criticism are a few of the ways middle level and top executives show conflicts. To lighten the mood & ensure a good working environment, interpersonal interactions with loads of activities should be integrated onto the working bay.

6.      Maintains the Corporate Culture

The top management has to imbibe the culture of the organization as and when it changes to make others follow the same. To maintain and develop an ethical corporate culture, the top executives need to be ethically inclined into the culture of the organization. A corporate ready individual from the best college for PGDM inculcates a good corporate culture.

7.      Follows Company Goals and Implements them into your Daily tasks

The top executives don’t just understand the written policies, while the vision & mission of the company aren’t just 2-3 liners to be added onto the first few sheets of your presentations, but these company goals are bigger goals lying in front of you to create your mini goals.

8.      Asset Management and Support the Infrastructure

The top management ensures the utilization of the resources in apt ways, and support the entire gamut of operations to ensure work happens smoothly.

9.      Inspiration and Motivation

Finally, the most important need of a top management is to give a pat on the back for their juniors need motivation and thus ensure effective work happening in the organization. Motivation is the tool for top executives to transmute the work into appreciation, and this will only create followers.

iFEEL Institute Produces Top Management Professionals

It’s too early to decide if the iFEEL institute could take on the top executives, nevertheless there have been cases where the top management has young professionals without any experience. As leadership and entrepreneurship are the two focus areas in the PGDM program of the iFEEL Institute, the possible outcome in the coming years could be a flow of iFEEL alumni into the top positions of the top brands. iFEEL is amongst the Top MBA Colleges in Mumbai Eventually, the growth of a professional is an increasing graph to the top, and when iFEEL credentials are stamped on your certificate, it surely does comes from one of the top b schools in India.