B-WAR 2013 (Mock Fest at MARC School of Business)

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MARC School of Business organized B-War 2013, an intra-college management fest, on September 26-27, 2013. All the college students participated with a lot of buzz and vigor.

“We wanted to kindle the spirit of entrepreneurship in the student community, we were overwhelmed with the response received” stated the organizer Hemanth.

The chief mentor for the function Mr. Satyen Sawant, assistant director of MARC School of Business spoke about the importance of the Management fest, while inaugurating the fest.

Several events, with evocative names Mr. ENTREPRENEUR, INNOVATOR ,CSR, QUIZ,TIME MANAGEMENT,SHOW OFF,FAB 3

Contests were designed to test not only the team spirit of the participants, but also facilitate communication and help foster creativity and innovation.

Participants developed product, marketing and financial plans to promote their products; the only stipulation was that the product had to be eco-friendly.

B-War13 participants presented their unique ideas and the best innovators were selected.

Mr. ENTREPRENEUR an event where the participants has been tested on his/her entrepreneur skills & abilities.

The FAB 3 was a unique event which has a combination of HR, Marketing & Finance aspects

An event which tested the abilities of the participants to complete the given tasks with the time called Time Management.

Business Quiz tested the knowledge of participants through market studies, stock market analyses and business world.

Show Off an event for the participants to show cases their Photography skills on a given topic on spot.

“The fest was informative and a memorable experience,” stated Venkat Vaddula, winner of    Mr. ENTREPRENEUR.

The winners list of the event is:

Mr. ENTREPRENEUR -Mr. Venkat Ram Reddy Vaddula.

INNOVATOR -Mr.Alwin Don and Mr.Tushar Shinde.

CSR -Mr.Arshath Rawthar and Mr.Nabjothi Gupta.

QUIZ -Mr. Venkat Ram Reddy Vaddula and Mr.Sai Hemanth Maddali.

TIME MANAGEMENT -Mr.K.P.Nagaraj and Mr.Vignesh.

SHOW OFF -Mr.R.Selva Kumar.

FAB03 – Mr. Venkat Ram Reddy Vaddula, Mr.K.P.Nagaraj and Mr.Kalyan Sinha.

The two day fest concluded with a valedictory function. The chief mentor of the function, Assistant Director Mr. Satyen Sawant, Marc School of business, addressed the gathering. The event was concluded by a delightful valedictory function.

Money is created out of thin air !

In an address to the stockholders in 1924, the Chairman of Midland Bank, Reginald McKenna said “I am afraid that the ordinary citizen will not like to be told that the banks can and do create money.And they who control the credit of the nation direct the policy of Governments and hold in the hollow of their hand the destiny of the people”.

To understand the paradigm of money, we must understand this financial jargon “fiat money”,which means that the modern money is not backed by any physical asset. In the pre-industrial period, the pound sterling literally meant a pound of sterling silver. There was only so much silver out of the ground, it was something tangible and you couldn’t print silver. It was something real and one could not print any more money than there is silver or gold to back it up. The logic of today’s money is very simple, it is just a promissory note, just another bill to pay the debt. In other words,if one draws out note from his or her wallet and chew it, their appetite would not be fulfilled; or if you crumple the paper currency and throw it in the fuel tank, the car is not going to move.

Most of us believe that money is being created by government but the truth is that in the world’s economies, money is created by private corporations called BANKS through loans, mortgages and other debt. Most of us feel that banks lend out money that has been deposited by people. But the fact is that banks create money not from earnings and deposits, instead it is created directly from borrowers promise to repay. Borrower’s signature on the loan paper says that it’s an obligation to pay the bank, the amount of loan plus interest or else lose house, car or whatever assets pledged as collateral. It’s a big commitment from borrower’s side. Today, money is literally created as debt. New money is created whenever somebody takes loan from bank. As a result the total money that can be created has only one real limit the total level of debt. Economist and author Mr. Irving Fisher had once rightly pointed that “the national circulating medium is now at the mercy of loan transactions of banks, which lend not money, but promises to supply money they do not posses”.

Central banks around the world place an additional statutory limit on the creation of money by enforcing a rule known as fractional reserve requirement. It varies from country to country and from time to time. Let’s understand further about fractional reserve system and how banks make money out of thin air. The most common reserve requirement ratio is 9:1 wherein banks need to have at least  Rs.10 in the vault for every  Rs.100 money being created. Banks have 10% more on deposits than it has on loans. It’s misleading information that loans come out of deposits. This illustration will give broader idea. If a customer deposits  Rs.10 into a bank, the bank is free to loan out  Rs.90, on the premise that not everybody is going to come in and withdraw all at once. In reality, banks do not have so much money which they actually lend out. If everybody withdraws at the same time, then banks will collapse, in fact great recessions in US contained run on several banks. Former Chairman of the Federal Reserve, Marriner Stoddard Eccles was quoted saying “If there were no
debts in our money system, there wouldn’t be any money”.
This leaves us plenty of room to research, analyse and understand the nature of what really is money. Former US President, Woodrow Wilson left us with a mysterious quote that has led to several conspiracy theories on how big banks control the global economy, politics and industry. He said “Some of the biggest men in the United States, in the field of commerce and manufacture are afraid of something. They know that there is a power somewhere so organised, so subtle, so watchful, so interlocked, so complete, so pervasive that they had better not speak above their breath when they speak in condemnation of it”.

COURTESY : Sonam Rinchen, 3rd Semester MBA sonam renchan

 

Company Linked MBA @MARC

Company Linked MBA:The Advantage & the Uniqueness

Company Linked MBA program is the flagship academic curriculum of MARC School of Business, Bangalore. This innovative and applied curriculum structure is a brain-child of academicians associated with MARC School of Business and it has been developed as a result of extensive research work done by them. As the name suggests, this program focuses on imparting business education to students while keeping a strong industrial and corporate interface (company linked-) to facilitate practical learning of the theoretical concepts. This is first of its own kind of business curriculum in the arena of Indian management education.

MARC School of Business is an initiative of IIT & IIM alumni. The company linked MBA (shortly CL-MBA) was conceptualized and designed by these study matter experts on the basis of the skill requirement as demanded by market from an prospective employee and skill development from real-time exposure of the industry. CL-MBA emphasizes on quality training as per the Industry requirement, grounded in strong fundamentals and with a practical focus. Program design and delivery are as per industry and company requirements that set the students apart from the rest. The students are trained in student specific skills for first two semesters along with the MBA courses and assessed by the companies. Based on their performance, company will take them as trainees followed by placement. Companies are appreciating this effort as they get ready-to-employ candidates. As the students are trained from first semester itself as per the company recommendations, so they get a fair idea about their career and  company or industry they are going to  work after completion the of the MBA course. The strong network with more than 1200 companies from around the world on various sectors and industries ensure 100% placement of all the admitted students. MARC School of Business, thus, has produced a huge pool of well skilled prospective business management employees for these companies fulfilling their expectations. The course has been well appreciated and well received by these 1200 companies due to satisfactory fulfillment their human resource requirement. The teaching methodology is also in sync with the company recommendation and the methodology encompasses various task based learning methods such as daily news analysis, Case Study sessions, Corporate Lecture series, company visits, emerging business concept analysis and monitoring by experts.

As far as the MBA program is concerned, it is offered in association with University of Mysore   which is the first university in India to be assessed and accredited with a five start status in the year 2000 and re-accredited with an A+ grade by National Assessment and Accreditation Council (NAAC). MARC School of Business also offers MBA degree in association with Bharathiar University, which is ranked 2 in India and recognized by UGC, MHRD and Govt. Of India.

ABOUT MARC SCHOOL of BUSINESS

MARC Business School is India’s First & only Business School to offer Company Linked MBA program which works on company/industry recommended skills. Recently, MARC has been ranked 2nd In India (New Generation B-Schools Category)To know more about MARC B School, visit our website or follow us on Facebook , Pagalguy and Google+.

UMANG-2013

Annual Day Celebration at MARC School of Business

One of the most awaited days at MARC campus, the annual day of MARC, UMANG-2013 was celebrated at MARC campus on 1st of June, 2013. The program was planned and organized by the students of MARC. In this occasion, a colorful showcase of various cultural activities was exhibited by the students.

The event was inaugurated with a candle lighting ceremony by Director of MARC Ms. Satyadarshini Sharma, faculty members Ms. Padmashree Palavalli, Mr. Sorabh Bajaj and a host of guests who attended the event. Student of MARC Ms. Lakshmi Shravani commenced the cultural program with a prayer song. Director Ms. Satyadarshini Sharma, in her inaugural speech applauded the collaborative effort by the students in organizing the event. Ms. Leepha Joseph and Mr. Deepankar Roy gracefully hosted the event as anchors.

UMANG-2013

UMANG-2013

The melodious devotional song by Lakshmi was followed by uninterrupted exhibitions talents of students of MARC. Ms. Archana Maurya showcased a beautiful dance performance. Ms. Shobori Deb Roy sang a popular Bollywood song very graciously. Another student of MARC, Mr. Abhijit Mukharjee performed a fantastic dance performance creating a huge uproar of applauds among the audience. Mr. Pradeep got the audience engaged to a popular Hindi song with his captivating voice. The best part of the show was a group performance by a group of present and former students of MARC. Their performance was full of fun and it met with a standing ovation from the audience. Another dance performance by Ms. Geny Chweet was a pleasure to the eyes. Mr. Rohith Kakubal’s singing performance received a warm response from the audience. A skit performance by a group of students on the issue of illiteracy and value of education was quite spectacular. The group performance was performed by Mr. Ramanuj Sinha, Ms. Shobori Deb Roy, Sanjay Deg and Mr. Basavraj Gaurav.  Another group dance by Sandy Sri, Kalpesh Gohil and Geny Chweet kept the audience stick to their chairs.

This mind-boggling talent show was followed by prize distribution ceremony. The successful students were awarded for their achievements in different categories. Director of MARC, faculty and the guest attendees awarded the successful students for their successful academic performance. UMANG-2013 again reflected MARC School of Business as a pool of multi-talented individuals. The complete event was planned and organized by a group of students under guidance of MARC faculty and this offers to them the real essence of management education. This special day at MARC will remain in the mind of the participants and students as golden moments and indelible memories of life.

UMANG-2013

UMANG-2013

Readers can find more photographs of the event in Facebook and Google+.

ABOUT MARC SCHOOL of BUSINESS

MARC Business School is India’s First & only Business School to offer Company Linked MBA program which works on company/industry recommended skills. Recently, MARC has been ranked 2nd In India (New Generation B-Schools Category)To know more about MARC B School, visit our website or follow us on Facebook , Pagalguy and Google+.

Company Linked Training Program at MARC School of Business

MARC School of Business is the only institution in India which offers Company Linked MBA program. This unique business learning program establishes a direct corporate interface to the regular classroom teachings. Under the aegis of this flagship program of MARC, the students are taught industry specific skills with a very practical focus. There has been an ongoing debate about the mismatch between the skills imparted by the education systems and the skills demanded by the market. Company linked MBA program of MARC is intended to fill this gap with a wider corporate exposure to the curriculum.

As a part of this effort, a training program was organized at MARC School of Business campus at Bannerghatta road on 18th of May. Imminent industry experts from various industries around the country conducted the training sessions. The students could attend the session according to their own choice and preference for specialization and industry. A total six different domain of industries were selected for the training program: Banking and finance, FMCG & Retail, Pharmaceutical, Information Technology, Manufacturing and Operations and Media.

Company Linked Training

Company Linked Training: The Guest Facilitators.
L-R: Mr. Manu, Mr. Ram, Mr. PK Das, Mr. Vishwanath, Ms Sarita Pandey, Ms. Satyadarshini Sharma and Mr. G K Balaji.

Mr. GK Balaji conducted the session on banking and finance.  He conducted the session with the theme “A peek into BFSI Segment” and discussed various corporate finance related concepts and their development in Indian context. He highlighted how relevant BFSI(Banking and Financial Services and Insurance) is to GDP, different focus of banking, growth and challenges. He subsequently explained the potential in this industry, job profiles, skills and career opportunities in various roles which are: Financial Accounting, Capital Markets, Commercial Banking, compliance and legal, corporate, credit rating, derivatives, research (equity, commodities, currencies and bonds), global custody and hedge funds.

Mr. Manu conducted the session on potential career opportunities in Retail industry. He enumerated different career paths that can lead to a successful position in the industry. Pointing to the potential markets that remain unexposed in this sector in India, he asserted the need to focus in this particular industry for spectacular growth opportunities. Various functions in this industry are: Planning, Buying, making and selling. He explained the roles of a Retailer, compensation and growth plan in individual career in this industry. He further explained how to cope up while landing in a new job (post-MBA) by understanding the dynamics@workplace, being responsive and maintaining integrity.

The session of Information Technology was conducted by Mr. Ram Powru. In the interactive session, he led the students to navigation through different opportunities, roles and profiles in IT industry. From Client Management to individual personal skills required in this industry, he elaborated the essence of applied behavior to see the bigger picture. Outhouse, in-house outsourcing, BPO, KPO, IT services, Non-IT Companies in IT industries, application maintenance, the importance of certified course in IT Industry etc. are various essential aspect of the IT industry which he highlighted.

Mr. Vishwanath conducted the session on Manufacturing and Operation industry. The basic foundation of this industry is based on several technical aspects which govern the process of procurement, quality control, logistics and purchase management. However, the contributions of various job roles in this industry are important. For example, in a warehouse/factory place, the responsibility of HR department is to get good labors with good acumen and sense of discipline, training, validation of skills etc. and this is why HR is important part.  A marketing manager has to take the onus of doing quality control, managing the lead time, managing the purchase and procurement etc. MBA students can thus, have various roles and opportunities in this industry after completion of the program.

Ms. Sarita Pandey conducted the session on Media industry. Media industry provides lucrative opportunities to creative minded people with good marketing acumen. This industry has several functional domains such as Strategic Planning, Media Planning, Client Servicing, Media Buying, Social Media and Digital Marketing and so on. Each function has different job roles across the industry based on the media. Moreover, this industry is known for its wide spread role in a society around the world and it is one of the most sought industry for ambitious marketing students around the world.

The final session was conducted by Mr. PK Das and it was onpharmaceutical industry. He described the industry in Indian context and introduced the students to a number of pharmaceutical companies in India which can provide ample opportunities to talented students. The session was more of a workshop and through different engaging activities he highlighted how this industry differs from other industries in terms of Marketing & Finance. During the inspiring session, he explained how a right career can be achieved by jumping and catching the opportunities in the right time.

It was quite a busy day at MARC campus as the sessions happened simultaneously throughout the day. A number of students enthusiastically expressed their interest to follow and join their own choice of industry and job role. The essence of this unique “company linked” aspect of management education at MARC was aesthetically palpable at MARC School of Business Campus.

Readers can see the photographs of the event in Google+ album.

ABOUT MARC SCHOOL of BUSINESS

MARC Business School is India’s First & only Business School to offer Company Linked MBA program which works on company/industry recommended skills. Recently, MARC has been ranked 2nd In India (New Generation B-Schools Category)To know more about MARC B School, visit our website or follow us on Facebook 

Annual Sports Event @MARC School of Business

Annual Sports Event @MARC School of Business

MARC School of Business recently hosted its Annual sports event-2013. The four days program which witnessed exclusive participation of all the students of MARC encompassed a number of activities in various categories of Indoor and Outdoor Sports Activities. Students of MARC pro-actively took initiative in planning and organizing the whole event under supervision of faculty members. The series of various sports activities along with the coordinators are:

Indoor Activities:

  • Chess (Isaq)
  • Carom Board (Isaq)
  • Table Tennis (Isaq)

Outdoor Activities:

  • Athletics (Varsha and Rashmi)
  • Khokho (Rashmi)
  • Cricket (Adithya and Anurag)
  • Football (Ramanuj and Anand)
  • Throw Ball (Dharunya and Chetan)
  • Volley Ball (Omprakash and Chetan)
  • Badminton (Vijaymadhav and Naresh)
  • Basketball (Abhijit and Anand)

The four days long sports festival witnessed knee-jerking efforts by the students to win the various categories of sports events. The students actively participated in the outdoor events despite of hot sweaty temperature of Bangalore. In the backdrop of rigorous academic practices at MARC, the passion, the spirit and the consistent determination of the students were rejuvenated through active participation in the sports activities. And as the spirit of Sports kept soaring at MARC, the final winners in various categories came out finally as shown below:

  1. Chess:   Boys: G V S Naidu, Girl: Dharunya
  2. Carom:  Boys: G V S Naidu & Deepankar, Girl: Sabhitha
  3. Table Tennis: Ishaq
  4. 100 Meters Girls Athletic Race: Pavithra V. (First), D. Sabitha (Second)
  5. 100 Meters Boys Athletic Race: Abhijit Mukhpadhyay (First), Om Prakash Pandey (Second)
  6. 100 meters Girl’s 3 legs race: K. Navya Reddy & G. Sandhya Reddy (first), D. Sabitha & S Varsha (Second)
  7. 400 Meters Boys Relay: Team ‘Lightening Walkers’ (Abhijit, Nithil, Ashwin and Prakash)
  8. Girls Kho Kho: Team ‘Super Queens’ (Rashmi, Chaitra, Varsha, Pavithra, Sabitha, Shobori, Puja, Archana)
  9. Boys Cricket: Team ‘Drome Warriors’ (Team owner: Mr. Ram Powru)
  10. Girls Cricket: Team of Varsha (c), Rashmi, Shobori, Monica, Arthi, Shravani, Seema, Chithra
  11. Football: Team of Abhijit(c), Gagan, Shashank, Pradeep, Katthi, Veena Vijay, Akhilesh and Vinoth
  12. Volleyball: Team of Om Prakash, Abhijit, Naresh Bhai, Ramanuj, Gagan and Birendra Rathod
  13. Throw-ball Winner : Dharunya
  14. Badminton: Boys winner Vijay Madhav and Gagan & Girls Winner Dharunya and Ramya

The 4 days long celebration of real spirit of sports created a resonating atmosphere at MARC Campus. It has been a continuous effort of MARC to create a  sporty, competitive and enterprising atmosphere for the students. The direct involvement of the students in organizing such events itself gives them the real lesson of leadership, team management and group dynamics and this is one main motive to teach the  students from real-life involvement. And here is an accolade to all the winners, participants  and organizers of this big event of MARC School of Business. The sheer sense of responsibility, pro-activeness, conscientiousness and passion shown by the students during the events are the real  lineament that can lead to a successful future endeavor. Bingo !

Readers can see the photographs of the event in Google+ album.

ABOUT MARC SCHOOL of BUSINESS

MARC Business School is India’s First & only Business School to offer Company Linked MBA program which works on company/industry recommended skills. Recently, MARC has been ranked 2nd In India (New Generation B-Schools Category)To know more about MARC B School, visit our website or follow us on Facebook 

Financial Educational Workshop by SEBI

The US Financial Literacy and Education commission defines financial literacy as “the ability to make informed judgments and to take effective actions regarding the current and future use and management of money”. The intent of financial education is to concentrate on financial activities and behavior that promote general financial well-being and health.  Along this line, management education has a bigger role to educate the management students to explore the philosophy of financial education that can help them in taking intelligent financial decision.

A workshop was organized at MARC school of Business campus on 4th of May, 2013 and the theme of the workshop was “Financial Planning for young investors”. It was jointly organized by Security and Exchange Board of India (SEBI) and National Institute of Security Markets (NISM). Conducted by Prof. T. S. Vidyasagar, the objective of the workshop was to spread financial education and promote savings and investments. Prof T. S. Vidyasagar is Resource person for SEBI and he has specialized in Strategic Management, Marketing & Sales, Entrepreneurship, Training and development, Brand Management and Event Management in Pharmaceutical and natural products industry. Currently, he is associated with Thimma Performance Consultants Group.

Individuals take a wide range of financial decisions in a life-time that include saving for retirements, managing credit wisely, budgeting, tax and estate planning, insurance etc. Each of these decisions is prompted by emergence of needs. To make informed decisions, the basic knowledge of finance and investment is necessary. Mr. Vidyasagar contextually explained that, an individual tends to spend the personal earnings before deciding on the remaining amount that can go under savings. However, this is not an intelligent approach for a better financial future. The preference should first be given to saving a fixed amount after which remaining amount can be spent for personal needs and expenses. This helps in maintaining a consistency in building up brighter future. He further went to in-depth understanding of financial management and stock market and how these play a pivotal role in the economy.

It was a learning session for the management students of MARC as they explored the world of financial management. “Amazing class of SEBI which compelled us to think about the stock exchange, savings and how to play with your money”, Mr. Shashank Verma said. Another Student of MARC, Mr. Om Prakash Pandey said, “SEBI class was very knowledgeable and meaningful. In that class, I have understood how we can invest are money in a logical way, how I can become a smart investor in stock market, how stock market is predicted by the knowledgeable investors. SEBI have lot of short term Courses for the students which are use full in future.” A delighted Mr. Dipankar Roy, student of MARC School of Business expresses his experience here, “Thank you so much for facilitating such kind of opportunity. The SEBI session was really informative. How we can make our investment more valuable and perfect with the help of markets fundamental analysis and technical analysis. We also came to know the quantitative analysis which includes looking at revenue, expenses, asset and liabilities and all the other financial aspect of the company, all these are the cornerstone of investing. All these geared up my interest to feed more information regarding stock and share market. So that no one can make fool in future. I would like to thank my Institute, SEBI and Government of India for such kind of initiative.”

ABOUT MARC SCHOOL of BUSINESS

MARC Business School is India’s First & only Business School to offer Company Linked MBA program which works on company/industry recommended skills. Recently, MARC has been ranked 2nd In India (New Generation B-Schools Category)To know more about MARC B School, visit our website or follow us on Facebook