Monday, December 23, 2013

Top 10 Reasons Why You Should Work Abroad!

Ever considered taking up a job in Paris, London, Germany, New York? A placement abroad according to us is an opportunity to develop a broader perspective, great exposure to the culture, a chance to interact with people coming from different walks of life.

Here are 10 reasons why we think you should consider working abroad:
  1. Improve Your Language Skills - whether you work in London or Europe, English is widely spoken all across the World, Exposure to foreign languages. 
  2.  Explore Yourself – Working abroad and living by yourself gives you the exposure to explore your inner self, the hidden talent which you may or may not have explored until now. You will also discover that there are no limitations in life. Success is inevitable. 
  3.  Work Ethic - Working abroad enhances a. You’ll be succumbed to a different system that you will find yourself   working harder than you usually do to get yourself familiar with it. I found in America that I was able to choose a lot more classes that I wanted to do, rather than being restricted to a handful from my University back home. Also, I was constantly studying because that’s what everyone did! Thankfully, it has still continued now that I am back. 
  4. Gain Confidence Decision making while living alone, decision making at workplace both in a way help in gaining confidence, you mentally become more mature and confident and you know the answer to what you’re doing is right or wrong etc. You will grow in your independence and self-reliance throughout your tenure at work. 
  5. Great Learning Experience Working abroad definitely becomes an “experience-of-a-lifetime” that will give you memories to cherish forever. Interacting with colleagues coming from different backgrounds is learning in itself. 
  6.  Experience Real Time Freedom – While living independently and working abroad, you attain a sense of freedom. You are your own master (when you’re not work). Leaving your country and settling abroad for work itself gives you that freedom which you may or may not have achieved if you were here. 
  7.  Exposure to projects – Working abroad provides great exposure to employees and involves them in newer and different projects as and when required. They’re involved in several activities which provides them great learning. 
  8. Travel, cuz you’re young – Explore, travel and experience things you never even imagined to. You’re young, travelling and working abroad shouldn’t be an issue at all. In the coming years mobility might be an issue, so make the most of the freedom while you’re young. 
  9.  Networking – Working abroad will definitely help you in building your professional and social connections. This is a great way to know what your friends; colleagues are doing in their respective fields. When you’re all by yourself, it is essential to build a strong network. These maybe the people who you can rely and depend on. 
  10.  Higher Salaries - Expats or employees who usually take on international assignments are paid much more and as a matter of fact, we are paid more because the currency rate is much higher in destinations like USA and UK.
Apart from UK, Germany, the Middle East is a hot destination nowadays, thanks to tax-free salaries of up to £40,000.
In totality we can say that working abroad is no doubt demanding and challenging, it is a rewarding experience. You will not only learn about the corporate world but also about yourself. You will gain a lot of exposure, in terms of self-confidence, as well as improve organizational and personal skills. You will also discover what areas of business interest you at a very early stage of your career, which is vitally important when it comes to applying for jobs when you leave university. Most importantly, a work placement abroad gives you great creditability.

Thursday, December 19, 2013

Medical Tourism in India: A Mix of Leisure, Relaxation together with Wellness and Healthcare

Medical Tourism is popularly known as health tourism, medical travel or global healthcare is a term which is used to describe the rapidly-growing practice of traveling the world in search to obtain better healthcare.

Today, we will talk about the emerging trend of health tourism in India and how India has been able to capture the market in this industry…
It’s great to know that, Medical Tourism is a fast growing sector in India. India’s medical tourism sector is expected to experience an annual growth rate of 30%, making it a $2 billion industry by 2015.

Reasons for Increase in Medical Tourism in India:
1)      Cost Effective
2)      Affordable international travel
3)      Improving standards in technology
4)      Highly qualified doctors
5)      Five star medical facilities
6)      No language problems
7)      Highly sought after tourist destination
Process involved in Medical Tourism:

1) The person seeking medical treatment abroad contacts a medical tourism provider
2) The patient has to provide a medical report, including the nature of ailment and the medical history.
3) Post the signing of the consent bonds and agreements, the patient is given recommendation letters for a medical visa, which is to be procured from the concerned embassy.
4) The patient travels to the destination country, where the medical tourism provider assigns a case and an executive, who takes care of the patient's accommodation, treatment and any other form of care which is required.
5) Once the treatment is done, the patient can remain in the tourist destination or return home.

Medical Tourism in India or Health Tourism in India is a developing concept wherein people from world over visit India for their medical and relaxation needs. Most common treatments are heart surgery, knee transplant, cosmetic surgery (hair transplant, liposuction) and dental care. The reason India is a favorable destination is because of its infrastructure and technology in which is in par with those in USA, UK and Europe.

Medical Tourism in India is here to stay...

Tuesday, December 17, 2013

INLEADers at the Health Insurance Conference 2013 at FICCI Federation House

INLEAD facilitated an industry visit for students pursuing Healthcare Administration from INLEAD.

INLEADers attended the Health Insurance Conference 2013 which was held at the FICCI Federation House, New Delhi. It was great value addition for the students of MBA in Healthcare Administration.  

Students were introduced to the Health Insurance Sector which has witnessed dramatic growth since the liberalization of the insurance sector in 2000. The sector today is faced with the critical challenges of driving growth in the coming decade in the face of continuous losses, artificial pricing, operational inefficiencies and insurer-provider dynamics. This sector and its various constituents need to drive the vision for the next phase of reforms and initiatives so that future growth in this segment creates a win-win for all stakeholders. The building blocks of the next paradigm will comprise numerous structural changes including regulatory, legal, product-related, new operating entities, partnership with providers, universal health coverage etc.

Students were also given a broad understanding of the growing affluence of the Indian middle-class accompanied with lifestyle-related diseases and inflationary healthcare costs are driving the demand for health insurance in India today. On the other hand, Government Sponsored Health Insurance Schemes are providing low cost health insurance facility to the BPL population. However, the portfolio of Indian health insurers still relies on standard products and indemnity-based annual contracts.

“It was an insightful session throwing light on the growth of the insurance sector”, says Anshi Mishra, a student at INLEAD.

Friday, December 13, 2013

MBA in Internaitonal Hotel Management : A Visit to GALAXY HOTEL, INLEADers share their experience!!!

As a part of its continuous Industry Exposure Initiative, INLEAD facilitated an Industry Visit to Hotel Galaxy, Gurgaon
An industry orientation helps a International Hotel Management student apply their theoretical learning with their practical exposure which they get when they visit a hotel. 

It teaches the students about the various departments of the hotel and also the various segments it caters to. Galaxy  Hotel has been acknowledged across the world for its style, grandeur, sophistication and excellent services the hotel commits to provide the best in accommodation and tailored to the needs of today’s global traveler. The room amenities and hotel facilities meet demanding standards with a Food and Beverage facility of the highest standard.  

After a brief introductory session on the concept /tag line of Hotel Galaxy which is Hotel, Shopping and Spa, the students began their property tour with the guest floors were they saw the various categories of rooms such as Base category, Spa rooms and Executive Suites. They were told about the dynamic pricing concept adopted by hotels today.
Food and Beverage orientation included of Zinnia, the largest banquet hall of the hotel measuring 12,000 sq.ft and other meeting spaces for social gatherings and conferences. The students were appraised about the various banquet set-up’s, pre- function area, buffet counters.

Following this was a visit to the Food and Beverage outlets. First on the list was The Monk- a modern Zen setting restaurant serving Oriental cuisine. The students came to know about the concept of a live kitchen, the fact that the restaurant does not accept prior reservations and there is average waiting time of 1 hour. Next on the list was Howzatt- India’s first cricket themed pub brewery serving fresh styles of beer. They learnt about beer making process and the concept of fresh beer. They also were briefed about Bean Stalk- café and pastry shop and Axis- a multi cuisine restaurant with an exhibition kitchen.

Our first industrial visit at the Galaxy Hotel was great. The visit began with a property tour which included different categories of rooms. The students were also given an insight into the hotels USP, average sale and daily pricing for rooms says Himanshu Razora, a student at INLEAD.
Rahul Shinde, a student at INLEAD says, “The orientation was good followed by a property tour. What I liked the most was ‘HOWZZAT’, the brewery and the Spa rooms”.

Thursday, December 12, 2013

Event management and PR : Mr.Ajay Sharma's take on 'Branding & Advertising'

INLEAD facilitated an Industry Expert Workshop by Mr.Ajay Sharma for students pursuing Event Management & Public Relations at INLEAD.

Mr. Sharma is associated with the Leading  marketing firm providing today's marketers with best-in-class strategic and creative services that meet their brand-building needs across all communications channels – McCANN WORLDGROUP.

He discussed a lot of attributes and pre requisites that you require to build your own ‘brand’ in the market. He also taught students that being a brand manager of a brand anytime in the future you should know how to pollute the consumers mind only then will you be successful.

 Coming to what we understand by ‘brand’ – in totality it means an association or an identity which you make for your product. He then dwelled on the academic definitions of Brand Equity and Brand Language and how brand managers take any route in establishing the Brand Equity.

Mr. Sharma says, “Branding facilitates consumer purchase decisions. “He also mentioned that, “Marketing Communication, is no science or arithmetic alone, it is an art form.” Further to which he elaborated by saying, It’s a craft we need to learn and evaluate an art form. One needs to understand the intricacy of the craft.

He self-proclaimed few rules for establishing brands which he has formulated with the help of his experience in this field.

Rule 1: Theory of how to pollute consumers and make them brand loyal
Rule 2: Treat them well, make them feel special. And “we love it”
Rule 3: Hard Sell not the Best Sell
Rule 4: World is after us, why left behind?
Rule 5: Heart over Brains (Minimize their brain use)
Rule 6: Promises make it sound genuine
Rule 7: Check your diary, easy catches aren’t memorable
Rule 8: Help them dream & enter into their dreams
Rule 9: Share a secret & Share it with everyone
Rule 10: When it’s time to hit- HIT HARD 

Post this; Mr. Sharma also discussed the ‘Brand Culture’ with the students. He elaborated on the following:

LOGO ->Story & Culture ->Packaging ->Shoppers Marketing->LOGO

He also emphasized on the different archetypes which the brand managers need to sort and position for their brand. He cited few examples for example:
1) creator is the type of an archetype which helps us craft something new. Example: APPLE
2) lovers is the type of archetype which helps us in having a good time. Example: Chanel, Gucci

The class was also engaged in a group activity wherein they were to devise and plan the creation of a need of a particular product for the consumers.

To conclude, the session was very fruitful and enlightening. It was very interactive and productive.

Wednesday, December 11, 2013

Hard Work OR Smart Work?

There are two kinds of people in this world. The first category consists of those who use hard work as the climbing ladder towards reaching the top. On the other hand, the second category consists of a totally different kind of people. This category includes people who do not necessarily reach the top but they survive on smart work. 

In this competitive world, we must work hard to achieve our targets and goals. At every stage in life, we need to compete with each other. Today, we shall discuss what we understand by ‘Hard Work v/s Smart Work.’

There is a thin line between ‘Hard Work’ and ‘Smart Work’ and equal weightage is given to both these terms.

Planning and assessment is required in both, while working hard as well as working smart.

It is important that
before you plunge into something, you need to be enthusiastic and excited. Give yourself enough time. Sit back and think about the pros and cons and accordingly set realistic goals for yourself.
Prepare a checklist, jot down pointers and follow it in that order. It prevents duplication.

Learn to say no. Avoid over-scheduling yourself and be realistic about what you can accomplish in a single day.
Limit your goals. Choose one thing at a time and give it your 100%.

Let’s understand the difference between ‘Hard Work’ & ‘Smart Work’?

     1) Hard Work means working most of the time and putting a lot of hours. Whereas, Smart Work means putting in lesser hours and still achieving the target.
     2)  Hard Work may not be productive as compared to smart work. Smart work involves proper planning of the task, hence increases the productivity.
     3) Hard Work might not help us in correcting our mistakes, we might be involved in the same practice which could be incorrect. However while we work smart, we discover and correct mistakes and keep working.
     4) Hard Work for some could be putting in many hours in doing a particular task, and for some smart work is all about how in lesser time, you can achieve more. Smart Work therefore involves being creative.

If we were to choose between one…I don’t think we can, each has its own way of working. Some might keep working the entire day; some might just put in 2 hours, both might resulting in giving similar results. It is difficult to choose. None is right or wrong.  An accurate blend of the two is what is required. When you have enough time, work hard. And when you don’t have enough time and are still expected to give similar results work smart to attain the focused goals.

All the Best!!!

Expert Lecture on 'Wedding Management' by Mr. Sharad Mathur, Director – EMG Entertainment Pvt. Ltd

INLEAD facilitated an industry expert workshop for students aspiring to become wedding planners in the coming years. Mr.Sharad Mathur, Director EMG Entertainment conducted this workshop. He closely works on corporate events and has recently stepped into the wedding industry.

The agenda of the expert lecture focused largely on Wedding Management which included both domestic weddings and destination weddings.

We all know that ‘weddings’ are the most important event in a lifetime for the bride and bride groom and equally important for the parents.                                        

As a wedding planner himself, Mr.Mathur said, “There are no re-takes; you are as good as your last event/ wedding”.

It was a superb session, everyone was happy, as we all have been associated  closely with a ‘wedding’ at least once till now.

“A wedding is the most valuable, most awaited, most important day of your entire existence” so plan it well says Mr.Sharad Mathur.

But, weddings are just not about the fancy décor, the food, and the clothes!

A lot of hard work is put in the making of this event. For a wedding planner, it’s not glamour but the hard work which is required behind the scenes.
A wedding planner is solely responsible for fulfilling the dreams of the bride, the groom , the family...

Brides, bride grooms and their parents can be very emotional during the wedding planning process and on the wedding day. As their wedding planner, you are often their confidant, psychologist and mediator says Mr.Mathur.

Mr.Mathur discussed the major challenges he faces in this industry. 

Pre-requites for a Wedding Planner:

  1.           Know the budget of the wedding, the functions etc. 
  2.           Discuss in detail the nature of the wedding 
  3.           Know the culture, rituals, and traditions of every community. Be it a Muslim wedding, Hindu wedding, Jain wedding etc.) 
  4.           Maintain a good rapport with vendors (food vendors, décor vendors etc.) 
  5.           Suggest newer and innovative concepts to your client, do a thorough study on the type of stages, the entrance, the mandap etc. 
  6.           It is essential to understand the dream of the family, and as a planner it is your duty to change their dreams into reality. 
  7.           Set reasonable timelines for yourself. Don’t over commit to your client. Avoid making false promises. 
  8.           Prepare a customized plan for your client, which definitely should be in their favour. 
  9.           Help the client with budgeting, the expenditure involved etc. 
It was a very interactive session. The students thoroughly enjoyed. Mr.Mathur also showcased his work by showing glimpses of some videos and photographs.

He concluded the lecture by expressing his appreciation for the tremendous exposure INLEAD extends to its students. He added that, “INLEAD is an excellent platform for each student.”

Friday, December 6, 2013

Team Management – Do’s and Don’ts

A leader is expected to lead the team into success through building an environment that stretches and yet encouraging growth.

In a recent study by TowersWatson, an international HR consulting firm, fewer than 21 percent of employees surveyed described themselves as "highly engaged," down from 31 percent in 2009. 8 percent admitted to being fully disengaged.

When your talented employees are engaged, they are able to perform spectacularly and build and improve your business.

Here we have shortlisted a few do’s and Don’ts that you should keep in mind while handling and managing your team:

Do’s while handling a team
·         Identify Your Goals:
-Set daily or weekly targets your team must meet.
-Use sticky notes, make a checklist and paste them on the pin board next to your work station.
-Review your list frequently; keep revising it from time to time.
Know Your Team:
-Know the strengths and weaknesses of each team member to balance the productivity of your team.
Interact with Team Members
-Regular one-on-one meetings are critical and are important aspect in managing your team well.
-Often sit with your team members, in case they are not performing well know what is the disturbing them etc.
Give feedback on Performance:
- Discuss the previous week’s deliverables; including what went well, what areas require improvement for next time and how that improvement might be obtained.
Jot Down Minutes of the Meeting:
-Ask your team members to jot down minutes and then circulate the same with everyone in the team
-Very important practice, tells you what is supposed to be done and what is the way forward.
Ask for ideas:
- Ask your team members to come up with newer and fresher ideas from time to time.
- Rotate a mail amongst the members asking them to provide great innovative ideas and the one giving the best idea can be rewarded in some form.
-Motivation is the key for continuing results.
-Ask them what motivates enough for doing the job well
-Hold sessions for them, site examples etc.
Reward Performance:
- Recognition is an effective tool. If you have the authority, give your team mate a half day.
- Incentive is also a good option in providing recognition to the students

Don’ts’s while handling a team:
·         Don't reprimand
-Don’t hurt any team member in front of other members
-Discuss the issue personally

·         Avoid Long Hours at Work
As managers; you might have certain benefits or incentives which the company provides. Don’t forget that you need to maintain a balance in your personal and professional life.
-Come on time, leave on time
Don’t Get Angry
People can commit mistakes, they are humans
-Explain the team mates in a sober and polite way

·         Don’t Bully Your Team
If the work has been assigned to any of your team mate, let them receive the credit for the same.
- Don’t hide too many things from your team mates, involve them let them know the vision of the company where it is heading etc.

Be the LEADER!

Thursday, December 5, 2013

Dr.Tushar Pal Choudhary, Zonal Head – MAX Healthcare at INLEAD

Today, 5th December’13 INLEAD facilitated an industry expert session for the students pursuing Healthcare Administration. The speaker of today’s session was Dr.Tushar Pal Choudhary, Zonal Head – MAX Healthcare. The agenda of the session was “Medical Quality”.

Dr.Choudhary prior to MAX Healthcare was associated with Apollo Gleneagles Hospitals, Kolkata. Today, he shared his experience with young aspiring professionals.

 “The degree to which health services for individuals and populations increase the likelihood of desired health outcomes and are consistent with current professional knowledge.”

The lecture focused on highlighting the difference between service quality and medical quality.
He emphasized on the role of quality infrastructure, quality human resources (clinical & non-clinical) and certifying bodies like NABH and ISO. 

Dr.Choudhary laid emphasis on a few topics mentioned below:

      1)      Hospital Building Specifications
      2)      Hospital Equipment 
      3)      Hospital Manpower
      4)      How to maintain medical quality in clinical service
      5)      Role of clinician to maintain medical quality
      6 )     Role of nursing staff, support service staff to maintain medical quality

He elaborated on topics like maintaining medical quality in clinical services. The various clinical indicators of quality. He also discussed the various departments like emergency and imaging services and the service quality parameters of the concerned department.

“It was a good session, we were told about the differences in medical and clinical audit, which was an eye opener for many” says Priyanka Kaparwan, a student pursuing Healthcare Administration from INLEAD. 

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