PGDM International Business at K J Somaiya

K. J. Somaiya Institute of Management Studies and Research is honored to Welcome The of Kazakhstan to India His Excellency Mr. Bulat Sarsenbayev to it's campus on 30th October 2017.

The event will be chaired by President Somaiya Vidyavihar Shri. Samir Somaiya, Director Dr. Monica Bhatia Khanna, Program Coordinator International Business Prof Isaac Jacob and other Senior faculties.

PGDM International Business at K J Somaiya in collaboration with International Business Society@SIMSR would be hosting this grand event.

Students who are interested in joining the interactive session are most welcome to do so.

Time and Venue : Room no. 201 Chanakya at sharp 10:45 am

Dress code: College Formals.

P.S. Entry will be given on first come first serve basis.

Inspiration is one thing and you can't control it, but hard work is what keeps the ship moving. Good luck means, work hard !! Keep up the good work...

Congratulation on winning second prize in Axis Bank Digital Financial Literacy Competition !!!

2016-2018

A sincere effort to make a difference in the life of the Rural people with the Help of Digital Financial Literacy.

Pragatishala, organized by Axis Bank, gave the opportunity to help spread awareness regarding various aspects of Digital Financial Literacy and motivate people to go cashless.

The little brainstorming that started in SIMSR classroom culminated in a overwhelming support that the team got from Gram Panchayat, teachers and the local people, without whom the success of this campaign would not have been possible.

KJ SIMSR congratulates "Team Saarthi, the drivers of the Chariot of Digital Financial Literacy"

Watch their video here - https://www.youtube.com/watch?v=_81KKehoKM8

Made by one of the groups from IB batch 2016-2018...

" Digital and cashless India is what we are envisioning in a country where more than 60% of the population lives in rural areas. The challenge? To educate and spread awareness about how a cashless economy can benefit an individual and society at large.

Pragatishala, organized by Axis Bank, gave us the opportunity to pick a village and put on a our camp to motivate people to go cashless.

What started with a little brainstorming in our very own classes in KJ Somaiya, culminated in a overwhelming support that we got from Gram Panchayat, teachers and the local people, without whom our Pragatishala journey would have worth nothing. We named ourselves team Saarthi, the drivers of the Chariot of Digital Financial Literacy.

Our hearty thanks to our College i.e. KJ Somaiya and Axis Bank for organizing this wonderful event.

This 20 minute video comprises our journey that spanned 10 days, 500 homes, 400+ Kms, and a 3 hour camp. Enjoy our entry to Pragatishala.

Don't forget to like and share.

Hum Saarthi Ke Saath Hain "

Team Saarthi (KJ SIMSR)- Pragatishala 2017 A sincere effort to make a difference.

What we call the beginning is often the end. And to make an end is to make a beginning. The end is where we start from...

International Business Batch Farewell 2015-2017 !!!

International Business Batch 2015-2017 Farewell !!! [ KJ Somaiya Management College ] International Business Batch 2015-2017 Farewell !!! [ KJ Somaiya Management College ] Missing someone gets easier everyday because even though it’s one day f...

If you aren't going all the way, why go at all?...

Elan-e-Yudh by Simsr Sports legacy continues...

03/12/16 - Convocation ceremony of the batch 2014-16 at K J Somaiya!

What a proud moment! Congratulations to our beloved seniors on officially being done and dusted!
We love you all and wish you a very bright future ahead!

- Juniors

__________IB Role Check

Role : International Sales Manager

Does the idea of a career in sales that involves traveling and exploring other cultures appeal to you? If so, you may be a natural fit to become an international sales representative. Globalization is affecting businesses of all sizes, as new opportunities arise in expanding overseas markets. As global business grows, so may the demand for international sales representatives.
International sales managers direct a company's sales division by establishing goals and advising representatives on how to improve sales and performance around the globe. Managers contact distributors and analyze data to evaluate sales statistics and customer satisfaction. In order to sustain operations and remain profitable, businesses can either increase sales to existing customers or seek out new customers who want or need their products and services. Skilled sales representatives are responsible for finding these new consumers. For many expanding companies, their best prospects are in overseas markets, and to secure these new accounts, they rely on the efforts of international sales representatives.

International sales representatives are crucial links between end users and the rest of a firm’s operations. International sales representatives focus on finding new customers, and promoting and selling the company’s products. They will typically negotiate and write contracts, coordinate deliveries with production and distribution, and service their accounts.
Other duties may include conducting research on potential clients, staying on top of customer needs and changes in the industry, preparing reports for management, and resolving complaints and other service issues. Skilled international sales representatives can mean the difference between success and failure in the global marketplace.
International sales representative jobs aren’t always located overseas. Many U.S.-based corporations sell on the global marketplace from stateside locations. Whether a firm is based in the United States or a far corner of the world, international sales representatives often find work in industries such as manufacturing and distribution, software development, electronics, telecommunications and information technology. Other employers of international sales representatives include petroleum companies, chemical manufacturers, government and military contractors, and financial services concerns.

Job openings in this field may fluctuate, as sales are affected by changing economic conditions. However, according to national data published by the U.S. Bureau of Labor Statistics, job growth for the broader category of wholesale and manufacturing sales representatives is projected at 9% between 2012 and 2022.May 2015 figures from the BLS showed that the median annual salary for a sales manager was $113,860.

Picked up from:
floridatechonline

Whatever you are thinking,THINK BIGGER!

-Tony Hseih,American internet entrepreneur and venture capitalist,CEO of the online shoe and clothing shop Zappos

International Business and Finance:

Globalisation has integrated the financial markets of the world. Hence, when any event happens in one part of the world, it has a ripple or domino effect on the rest of the world.
Today when we look at a company, we look at its turnover, and just its numbers and ratios, which is just a short term indicator.
But at IB Finance, we are trained to look at the various country markets. Hence, we would be able to better predict the impact of any country specific incident on a company's operations and financials in the home and host country. We would also be better at predicting as well as handling such a situation, as we have a high level knowledge of different countries.
We have studied as part of Business Policy and International Finance, that how the changes in a country's environment will impact our Investment decisions.
We have in-depth knowledge about major global financial events and we can make a more efficient cause and effect model.
We've learnt of major hedging techniques in not just currencies but also in the global commodities markets.
We can better predict the relationships between different asset classes(such as Currencies, Commodities and Indices) which in turn would help us decide how to hedge related risks. And take better informed decisions(as to when to invest and pull out on time)
Therefore in this day and age of Globalisation, the need of the hour is for someone who has specialized knowledge of Finance, along with a familiarisation of the events that has helped shape up the the global corporate scenario, as it is today.

Some of the finance subjects taught to SIMSR'S IB students are listed below-

•Financial Accounting
•International Finance (including FEMA)
•Derivatives and Commodity Markets
•Financial Management
•Cost and Management Accounting
•International Trade Finance
•Financial Institutions and Markets

Credits -
Harsh*ta Agarwal
Pooja Dhingra
Allen Mathew

___________IB Role Check

Role : International Marketing Manager:

An international marketing manager is an experienced professional who is responsible for a company’s marketing functions. A person in this role develops campaigns and collateral for his or her company’s goods or services in the global marketplace.

Duties for global marketing managers include:
•Strategic planning for marketing campaigns
•Managing teams of workers from different geographical and cultural backgrounds
•Representing the global department to the executive team
•Meeting corporate goals and objectives

Salaries are influenced by several factors, including industry, company size, location, educational level, and number of years of experience. Certifications and complementary job skills may also impact salary.

According to the U. S. Bureau of Labor Statistics, as the world shrinks and more corporations go international, the need for international business managers of all types will increase by 13 percent.

This professional is expected to show leadership in the following areas:
•Business development visits and presentations
•Marketing integration and alignment
•Marketing campaigns and sales messaging
•Cultural knowledge of local markets
•Develop strategic marketing plans for the organization
•Track changes in the global marketing environment
•Implement international policies and procedures
•Coordinate projects with other managers in the organization
•Work with executives on high-visibility projects
•Meet goals set by upper management

What is it like to work as an overseas marketing manager?
An international marketing manager most often works in an office at headquarters, although he or she may have offices in several locations around the globe. Frequent domestic and overseas travel is often essential in this profession.

What does an employer look for when hiring an international marketing manager?
Employers look for a marketing professional with many years of experience creating and managing marketing projects. Companies who hire global marketing managers need a problem-solver who is good at managing relationships and can adapt to changing needs. Most importantly, hiring managers for this role are seeking excellent communicators.
Where do global marketing managers usually work?
International marketing managers usually work for very large multinational organizations. Business sectors can include manufacturing, pharmaceutical, energy, retail, insurance, and finance companies. They may also work for international nonprofit organizations.

International marketing-related careers Careers related to this category include:
•Global content strategist
•Market research manager
•International marketing analyst
•Marketing communications manager
•Global trade marketing specialist
•International advertising manager
•Vice president of marketing

Picked up from:
online.stu.edu/

________________IB Role Check

Role : Strategic Marketing Manager

Organizations use strategic marketing to create a plan to better reach and satisfy customers while increasing profitability and productivity. Strategic Marketing is the way a firm effectively differentiates itself from it's competitors by capitalising on its strengths (both current and potential) to provide consistently better value to customers than its competitors.

Strategic Marketing Overview:

Companies use strategic marketing to identify customer needs and to create a marketing plan to achieve customer satisfaction, improve company performance and increase profit. Typically, an organization will create a written strategic marketing plan that dictates what type of marketing programs it will use during a given time frame and how those programs will be implemented. By outlining how it will engage customers and use new sales and marketing methods, an organization can grow and increase market domination. Strategic marketing can also help a business become more innovative and better pe*****te a market. Companies may employ communication methods like newsletters, podcasts and e-mails in their strategic marketing plans.

Various departments within a business often cooperate to create a strategic marketing plan. When devising a new marketing plan, a strategic marketing manager may meet with employees in operations, sales and administration to create and identify marketing goals. Typically, a strategic marketing manager sets a date for these goals to be met.

Strategic marketing plans should meet these objectives:

1.Setting realistic objectives
2.Creating business tactics that are more effective
3.Taking past marketing failures into account
4.Improving performance
5.Identifying the most important ways that business operations must change

Simply put, the Role of Strategic Marketing is to decide:
1. Which markets to compete in (where to compete).
2. What the basis of the firm’s competitive advantage is going to be (how to compete), and
3. When and how the firm will enter each market (when to compete)

Picked up from:
businessdictionary.com
daviesbdm.com

Event -
The Singapore Summit

The Panel -
Mr.Jack Ma, Founder and CEO,Alibaba
Mr.Daniel Zhang,CEO,Alibaba
Mr.Suranjan,President, Procter & Gamble Asia Pacific.
Mr.Kunal Bahl,CEO,Snapdeal
Ms. Malina Ngai,COO,A.S. Watson Group

Hosted By -
Ms.Christine Tan

Some Takeaways from The Summit -

1) "Consumers in Asia want the best … They don't want emerging market service, they want developed market services but at emerging market prices," Snapdeal's Bahl said.

2) "The cycle of planning is really, really short," Ngai said, "These days, no one can see for more than 10 years … We review the plan [every quarter] just to see where the customers are going and what we need to do to really get customers shopping more."

3) In addition, Asian consumers prefer goods that appeal to their "sensorial expressive side" , said Magesvaran Suranjan, president of Procter & Gamble Asia Pacific.

4) Christine Tan,Reporter,CNBC -
What is your acquisition strategy exactly?

Jack Ma,CEO,Alibaba -
1) Investing in companies that bring us more customers
2) Focus on enhancing services in logistics
3) Global extension through local experience

For a proper read, you may go through the link below -
http://www.cnbc.com/2016/09/30/how-companies-are-engaging-millennials-in-asia.html