The MBA fever

The MBA fever An initiative by IIM grads to help all enthusiasts bridge the gap between theoretical concepts and actual industry happenings.

We will help to understand the what, why, how, when, who of domains like product management, consulting, strategy, and marketing

- Engineering is necessary to get into Product Management- Product Managers are only in Software CompaniesEver heard abo...
17/05/2022

- Engineering is necessary to get into Product Management
- Product Managers are only in Software Companies

Ever heard about these things?? If yes, then this post is what will change your perspective about .
Do only Tech companies need Product Managers?? The answer is NO.
roles are offered by many industries. Some companies hiring for this role are :
- Airbnb
- PayPal, HSBC, J.P. Morgan, American Express
- AT&T
- NBCUniversal, The Walt Disney Company
- MAANG
- The Home Depot
But is the role same across industries? Not much, every industry has an interesting requirement from PMs. Swipe to know what each PM has to say.

Do let us know in the comment which industry would you want to be in?

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12/05/2022

Hey Interns! 👋 How's it going…

In the final weeks of your , we are back with some tips that can help you deliver your final with all the data that you have collected for the past 5 weeks.

➡Identify the different teams that would be engaged in your project implementation.
➡Find which or requirements you can outsource and identify multiple vendors who can help you do the work. Choose the best available option based on their costs, experience, trust factory, time of delivery of work, and other parameters depending on the type of vendors you interact with.
➡Financial Estimates - Make projections about revenue estimates of the project. It helps the stakeholders understand what direction you are trying to move by solving the problem at hand
➡Timelines for the - As discussed regarding timelines of versions in the previous week, make estimates about vendor timelines (if vendors are involved) and dependencies on each implementation stage. There may be some stages that can only proceed after the previous stage is implemented. So identify those and raise them during your presentations.
➡ Management - While making the plan for implementation, also list the stakeholders that would be involved during each stage.
➡Leverage existing processes - Try to identify solutions/processes that other teams might be working on. You could leverage them by incorporating them into your solution.
➡Magic of - Understand the direct and indirect metrics that could affect the solution you are proposing. Also, be careful about the impact the solution will have on the metric that the business line is tracking.

Do let us know in the comments below if you need help with any point above.
Follow The MBA fever for more insightful content, and stay tuned for your final internship weeks.

Support Me Once or Every Month - Subscription-based crowdfunding is what platforms like  #  ,  ,  ,  , etc, are moving t...
08/05/2022

Support Me Once or Every Month - Subscription-based crowdfunding is what platforms like # , , , , etc, are moving towards.

What is the benefit of change in this business model? Is it really benefitting the campaigners? Or its just taking away extra money from the donors?

Swipe to know the impact that this mode aims to create. Also, do comment and let us know which one you prefer - the traditional model or the subscription-based model?

Follow The MBA fever for more such concepts and insightful stories.

07/05/2022

Done with the Mid-Review? Don’t be in a hurry to judge your performance by your mid-review feedback. There’s still time for you to shine.

Here are a few points you need to keep in mind after your for

➡Implementation of your solution - Try to make a of how your proposed solution will be planned and implemented. Make a if possible

➡Stakeholder Management - Make a chart of all the or teams that would be required for your idea to get into action

➡Costs Incurred - Estimate the costs that will be required for your solution. Also, estimate the impact that it will have on the project. This helps stakeholders understand the tradeoff of spending the costs.

➡Timeline your solution - If the product has MVP versions, mention what time will each iteration take and when will the final product be ready.

➡List the - Metrics always help you track your success. Also, you can find the touchpoints where the implementation may go wrong. So, make sure you track and analyze the correct metrics.
Write about how the metrics might be affected by the newly proposed metrics

Do let us know in the below if you need help with any point above.
Follow The MBA fever for more insightful content and stay tuned for your final weeks.

05/05/2022

Hey Interns,

Started working on your document? 💻 Having trouble giving a structure to it? Let us help you📃

What should your document look like?

➡ Start by making a of the user. 👩‍🦱 Present his characteristics and behavioral patterns. Highlight the by looking into their journey.

➡Do a thorough benchmarking with multiple companies. For better , consider both direct competition and indirect competition. If applicable, compare with internal company benchmarking, too, as many existing internal business lines may have answered the pain points.

➡Look how we can improve and answer the pain points by ideas and using what the competitor does.

➡Summarize all ideas and which you propose to pick. Measure the different factors in how you selected the particular idea. Mention the pros and cons of each idea. See that the idea is in line with the company's - statement and is also scalable.

➡Propose which will help you measure the impact of the project. Mention the that you plan to target through your proposed solution. Also, prepare for the questions that may arise for the proposed metric.

➡Don’t fail to show the of the proposed solution for your project. For eg; make a guesstimate of an increase in revenue by xx, or increase the user engagement by yy% or increase user base by zz%, etc. This will depend on the you choose to target.

Work on your documents and make sure you don't lose your chance to shine. 🌟 Follow TheMBAfever for more tips for your

04/05/2022

Worried about your Document? We’ve got a for you so that you don’t miss out on any detail and your chance to shine🎇 in the presentation before your manager/mentor.

🔸Before making your mid review document🔸 -

➡Collect all your . You have worked enough on your problem statement since . Make sure to collect it all in one place.

➡Be driven. Back all your and the proposed solution with data points. Numbers and help you look more confident and give structure to your process.

🔸Make your presentations impressive with🔸 -

➡Draw a idea of how will you proceed further with the

➡List down the different and involved with the next steps

➡List down the headers of major costs involved and, if possible, the of the costs

➡Mention the time that the implementation would require
Mention the final on what needs to be measured for the of the project

We wish you all good luck👍 with your mid-reviews. Hustle and Shine.🌟. Follow The MBA fever for more help and tips for your

  adds these features to increase the engagement of the Direct message(DM) of the users:➡Music sharing🎵Instagram will in...
03/05/2022

adds these features to increase the engagement of the Direct message(DM) of the users:

➡Music sharing🎵
Instagram will integrate with Apple Music Charts, Amazon Music, and Spotify to allow users to share 30-second song previews in chats.

➡Reply while browsing📧:
The app will allow you to reply to new messages while browsing your without going to the inbox and losing your place.

➡Quick sending📨:
You can now tap and hold the button to quickly posts to your closest four friends👩🏿‍🤝‍👩🏼👨🏿‍🤝‍👨🏿.

➡Status✔:
You can now see who’s available to chat at the top of your inbox, similar to Messenger.

➡Silent messages😴:
You can opt to send messages to friends without bothering them — like when you know they’re busy or asleep. To do so, you’ll add “” to your message. It also aims to improve the of the feature.

➡Lo-fi chat theme😍:
A new theme designed to make conversations feel more , featuring a cityscape scene and a cat.

➡Polls📊:
You can now use the Poll sticker to create a poll directly in the group chat.

Comment and let us know which one is your favorite?

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02/05/2022

Hope you've done your about the by now. Exciting, right? Solving a real-world problem definitely takes into consideration a lot of factors. Be very careful while you progress with your . This week will be crucial to determine if you are on the right track or deviated from the expectations😉

Here are some points to keep in mind for

🔹Personal Traits🔹

🔸Attitude🔸
➡ Be . Each statement that your speak or any that you state needs to have a reasoning behind it.

🔸Internship related🔸
➡Start working on the draft post two weeks and keep it ready. You can practice presenting it to your friends or family who are unaware of the project. If you can answer all their questions satisfactorily, you have understood the well.

🔹Interpersonal skills🔹

🔸Mentor/ manager🔸
➡Discuss your with your and and if you are on the right track, start with about the solutions. While arriving at solutions, make sure they are holistic and scalable. Companies always prefer solutions since the projects you work on are all real-world projects.

🔸Stakeholders/ Team🔸
➡Try to earn by showing your on a specific topic before asking questions/ queries to your team. State the reasoning behind your doubt and how getting the answer will add value to your project. This is the week when they will observe how you interact with the team and take .

We again advise you to keep a note in your diary of whatever you do every day so that you are able to convey it during your mid-review.

Stay tuned and follow The MBA fever for Part 4 where we will discuss the mid-review presentation and report making.

Just as ‘  ’ is becoming akin to any web search, ‘   ’ has become ubiquitous and a generic verb to replace    .  recentl...
29/04/2022

Just as ‘ ’ is becoming akin to any web search, ‘ ’ has become ubiquitous and a generic verb to replace .

recently introduced a very interesting feature that adds a fun element to your and does not leave you tired at the end of the day. What problems do you face while using Zoom? Comment your thoughts below.

Follow The MBA fever for more such insightful concepts and interesting stories.

28/04/2022

We are back with helping all you with the checklist for Week 2. We are sure by now you all must have got your and met your and .

Here are some of the things you can keep in mind for Week 2 -

🔷Personal Traits🔷

♦️Attitude♦️
➡️Deep Dive into the problem statement. Reach atleast 3 Why’s before about the solutions. The better you understand your problem statement, the easier it is for you to arrive at an accurate solution.

♦️Internship related♦️
➡️Do a thorough . the product you are working on with the market growth and growth. Look into all pros and cons carefully. Make notes of all the important points in a document, and structure them before you hit the bed.

🔷Interpersonal Traits 🔷

♦️Mentor/ Manager♦️
➡️Do not fear to ask questions. Just make sure they are relevant. Asking questions does not mean you don’t know things, it reflects your interest in getting to know things better.

♦️Other Stakeholders♦️
➡️Try to create at least a week's before you ask related questions or before sending them meeting invites. Initiate conversations with the involved in your project and keep them updated about your approach and next steps.

🔵Important tip🔵 - Do not jump to and assume that you solved the problem early. Deep dive and understand the root cause of the project given to you. Finding the problem, and why is it such a big problem solves half of your work. Later is it all about presenting an accurate and holistic solution.

We again advise you to keep a note in your diary of whatever you do everyday so that you are able to convey it during your mid-review.

Stay tuned and follow The MBA fever for Part 3 where we will discuss the guidelines to be followed till your mid-review.

Have you ever purchased your favorite product without paying for it? Sounds fun, right?This is possible because of the m...
26/04/2022

Have you ever purchased your favorite product without paying for it? Sounds fun, right?

This is possible because of the model called BUY NOW, PAY LATER. As , it is one of the interesting concepts to understand.

How can your make use of this concept? Is it convenient, or it can turn into a nightmare?
Comment your thought below.

Follow The MBA fever for more insightful concepts and interesting stories.

Around 7 Billion voice messages are sent every day on WhatsApp. What are the new   that aim to improve the   of the What...
24/04/2022

Around 7 Billion voice messages are sent every day on WhatsApp. What are the new that aim to improve the of the Whatsapp Voice Messages?

🔹Playback outside chat🔹 - Enables users to listen to voice messages outside the chatbox.
✔Advantage: You can now like reading and responding to other messages

🔹Pause/Resume recording🔹 - Pause the message while recording when needed and continue it from where you left it.
✔Advantage: Make on the fly changes to content pitch. No re-recording of the same content if there is an interruption

🔹Wave like visualization🔹 - A visual representation of the voice being played is shown
✔Advantage: You can follow the recording.

🔹Preview of the voice message🔹 - Listen to voice messages before sending them to the recipient
✔Advantage: You can have a review of recorded voice notes before sending them

🔹Continue voice playback🔹 - Playing the voice note from where it was left before
✔Advantage: Save your and

🔹Fast playback🔹 - The speed of the recording can be varied from 1x to 2x
✔Advantage:

Which feature is the most beneficial to you? Comment below and let us know your favorite pick.

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