THE 2 BIG ALLIES AT WORK: ANALYTICAL THINKING AND CREATIVITY

Ever wondered why recruitment tests include a section on testing analytical skills and problem solving? In the information age, rise in competition and arrival of technologies such as Big Data has made it ever more important for employees across the board to be savvy with these methods.creative analysis

Professional work today involves critical activities such as forming strategies, taking decisions to achieve set goals and resolving conflicts. Thinking analytically allows us to conceptualize, visualize, and make use of available information and data to reach well reasoned conclusions. It is a step-by-step process. On the other hand, creative thinking is what we use to come up with actual approaches to meet objectives.

The many uses of analytical thinking

In a nutshell, here is how being logical can help you in everyday work:

  • Collate and organize information from multiple sources
  • Extract relevant facts and information
  • Recognize anomalies and contradictions
  • Use analysis to recognize patterns and opportunities
  • Convey your findings in a clear manner

Are analytical skills meant for everyone?

In complex business environments and with multi-tasking around, analytical skills are needed across departments and functions.

For a human resource executive, analytical skills will be needed while making hiring decisions, during interviews, and especially while resolving conflicts.

For a public relations, sales or marketing manager, the same skills will be needed to make decisions on company strategies, decoding sales data or for deciding on the packaging of a product according to customer preferences.

For those in customer relationship management, analytical decisions need to be taken when engaging in conflict resolutions. Every customer is unique and so are their demands. While catering to individual customers, a good executive or manager is one who uses independent judgment and critical thinking while giving out solutions within the framework of company policies.

Watch a workshop in progress on using analytical and creative skills at Welingkar’s Hybrid Distance Learning Program:

No matter what course you are engaged in, whether an MBA in media management or a Diploma Retail Management course, make sure to build analytical thinking as one of your core strengths.

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A GOOD HABIT A DAY KEEPS FAILURE AWAY

There is a reason why President Obama keeps his wardrobe ready at night. It allows him to hit the ground running, with one less decision to make the next day.

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All of us want to learn from successful people – the super rich, the entrepreneurs, the start-ups that challenge the status quo. And from colleagues and friends who have climbed up the professional ladder. We know there is no short cut to success. But is there anything that differentiates the achievers from the rest?

One of the secrets to success is our most trusted friend – the good old ‘habit’!

Aristotle defined excellence as not an act, but a habit. Whether it is getting up early in the morning, practicing at fixed times, reading, staying in touch with friends, or making sure every given piece of work is finished, small steps lead to victory.

Why habits make for success or failure

You have will power –the ability to do things where and when you want. However, imagine running your entire life based solely on intentional, exerted action! Sooner than later, you will find yourselves exhausted. Not only that, it will be difficult to channelize enough energy and attention to tasks that are important and critical.

But habits are like a double-edged sword! Give in to procrastination, and see your life and career take a nosedive. Again, the power lies in your hands, and in forming regular habits.

Bringing in change

Charles Duhigg, author of New York Times bestseller, ‘The Power of Habit’, makes a case for how harnessing habits can bring about great transformations in personal and personal and professional lives. According to him, successful people achieved their goals by “focusing on the patterns that shape every aspect of our lives. They succeeded by transforming habits.”

Watch a workshop on Winning Habits of Successful People in action at Welingkar’s Hybrid Distance Learning Program:

Whether you are pursuing PG Diploma courses or an Online MBA program, cultivating healthy habits can provide you with a sturdy platform for the rest of your professional life.

WATCH LESSONS FROM BUSINESS AND LIFE, LIVE ON SCREEN!

Gripping! Evocative! A must watch for all management students! Movies weave a magic on us for a couple of hours and bring to life simple truths that might have otherwise remained obscure.

Remember Rocket Singh? Real or fictional, movies like these help elucidate or bring home important lessons in leadership, team management, marketing, finance, HR and other aspects of business. More importantly, they provide thought provoking content on the human elements of ego, competition, greed, power and the unethical aspects of modern business.

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 Turn the whiteboard into a movie screen

Storytelling is a powerful method of instilling valuable principles. Delivered through  events that mimic real life, the images, emotions, characters and situations depicted in  stories stay with us for a life time. This makes movies a powerful tool for teaching  management principles. In particular, movies are a great tool for management students  because they:

 

  •  Translate abstract principles into real life situations through stories
  •  Use characters and scenes that viewers easily identify with
  • Evoke strong emotions
  • Use visuals, dialogues and plots underlined with humor, irony, contrast and other devices to bring the message home

Watch how debates and discussions over movies are integrated as part of Welingkar’s Hybrid Distance Learning Programme:

Movies that speak to management students

Employee of the Month: How extrinsic and intrinsic motivation influences employees.

Up in the Air: Organizations are about people, not things.

Outsourced: The ground effects of outsourcing and role of culture.

Syrup: Importance of branding and marketing.

Chef: Adopting social media marketing strategies.

Wall Street: The conflict between old and new world values.

Lagaan: Lessons in team building, overcoming challenges and handling emotions.

Corporate: Ethics and values in conflict with rivalry, work pressure and short cuts to success.

Manthan: Classic depiction of rural business, people management and community orientation.
If you are enrolled for a Distance Learning Program, make sure to take maximum advantage of rich educational methods. They add an edge to your professional skills and knowledge.

TRENDS IN BUSINESS SIMULATION – LEARNING THE UPS AND DOWNS OF REAL-LIFE WORK

Theoretically, there is no difference between theory and practice, so goes a witty saying. We might as well say, no theory is complete without practice. The real-world situations always turn out to be different than expected, and that’s where business simulation comes in.

With business simulation, you can expose yourself to real scenarios that are encountered in practice. This helps in developing and strengthening teamwork, learning different styles of management and forming decision-making capabilities.

Asking ‘what if?’

When applied in business education and learning, simulation sets up real situations, explores ‘what if’ scenarios, and helps in finding out how certain changes in circumstances can affect the system and how to tackle these. Some typical areas of application include business strategy, financial and market analysis, marketing, operations and teamwork, and honing leadership skills.

The ‘what-if analyses’ help in the following ways:

  1. Understanding strategy implementation and performance objectives
  2. Speeding up innovation and strategy execution
  3. Building business acumen and financial decision-making
  4. Developing leadership qualities
  5. Assisting in enacting complex value-chains for collaborative cost elimination
  6. Promoting interaction and engagement through teamwork

Those pursuing PGDM distance learning or Distance MBA and others can thus get a taste of real-life scenarios typically found at the work place even before they step into it.

Top trends and innovations for business simulation

The following are some simulation trends that support goal-oriented management learning process:

  1. Customized simulation: Customized simulation processes are deployed for specific outcomes or application. Besides reducing the time spent on the enactment process, they also cut down on the budget.
  2. Focus on immediate application: Corporations and management education organizations have realized the growing need for using simulation for immediate application in real-life scenarios.
  3. Immersive simulation games: Using simulation software, business games allow participants to learn through exploring, experimenting, competition and co-operation. Based on the educational curriculum, they can thus test their strategies and intended business outcomes in a risk-free environment.

Check out how Welingkar’s  Hybrid Distance Learning Program uses business simulation workshops here:

Be a part of such interactive learning sessions with Welingkar’s workshops.

MEET YOUR NEW VIRTUAL CLASSROOM

Remember your old classroom with its old wooden benches and blackboards? Those were pre-internet days, and it hasn’t taken long for the classroom to find its digital counterpart. The Virtual Classroom is now a reality, taking learning online to overcome the barriers associated with a confined classroom.

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Virtual classroom weaves a web
Virtual classroom retains the essence of conventional classes, but just conducts it via the web. It is accessed through a portal and synchronized with the instruction giving process, which also helps to eliminate the limitations associated with distance learning. It enables communication between the participants through feedback or Q&A sessions, presents learning in interesting formats, including slides or presentations, and involves engagement in the form of workshops.

To understand it better, let us look at the key elements of virtual classrooms:

  1. Non- restricting: Removes restrictions of time and place and enables student-instructor participation from various parts of the world.
  2. Affordable: Trims down costs by eliminating travel and other expenses. PGDBA Distance Education is way cheaper than a regular PGDBA.
  3. Flexibility: Class instructions can be recorded to be viewed later.
  4. Better presentation: Lectures supported with slides and videos offers audio-visual impact, which infuses greater interest and helps in retaining concepts and learnings.
  5. Accessibility: Lectures and tutorials are delivered online. All you need is an internet connection and a computer. Group projects promote inter-personal communication between students, sharing of ideas and documents, and allow them to check-in on each other’s progress.
  6. Hand-raising: Allows one-on-one interaction and customized query solving.

WeSchool offers quality education through their virtual classrooms in the form of tailored courses like MBA in human resource or post graduate diploma in marketing management. Besides offering the advantages of learning from the comforts of your own home, Welingkar courses are supported with:

Video lectures

Webinars

 

You can thus see that there isn’t much difference between a virtual classroom and a regular one. In addition, virtual classrooms offer the advantages of online learning along with conventional modes. Supported with technology, such classrooms can be most advantageous for professionals or for students with time constraints.

GIVE YOUR CAREER AN EDGE WITH NEURO-LINGUISTIC PROGRAMMING

Neuro-Linguistic Programming, or NLP, studies neurological processes, language and behavioural patterns that have been learned through experience (programming). The method was proposed by Richard Bandler and John Grinder in the US in the 1970s. NLP delves deeper into the thinking and feeling processes of successful individuals and shows how others can adopt them to achieve their goals.

NLP techniques are said to help you stay in control of your own responses to people’s behaviour, and modify these according to the demand of the situation. In business and corporate fields, NLP aims to help in managing people, since it focuses on advanced and unconventional mind management methods.

The business areas where NLP methods have found applications include: sales, customer service, education, counseling, advertising, business negotiations, communications, conflict management, healthcare management, etc.

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Where can you use NLP?

NLP promises enhanced communication, rapport building and goal setting skills. Some of the scenarios where it can be used are as follows:

  1. Managers: Customizing staff development and provide motivation as per individual thinking patterns of team members and conducting performance reviews accordingly.
  2. Team members: Building rapport in a group and then present ideas in a persuasive way with the help of insights gained from inter-personal communication.
  3. Customer service representatives: Building up rapport with individual customers, whether on a call or during face-to-face interaction.
  4. Sales: Using NLP during vendor interactions or business dealings to present their own proposal in a convincing way.
  5. Team coordinators: Observing cross-cultural communication gaps, if any, within the team from non-verbal indications and working towards their elimination.

Prospects of NLP do not end here. Starting from negotiations to organizational development, quality management, team building and strategic planning, the method promises to offer numerous advantages that can give you an edge in the corporate world.

For more details, check out this Neuro Linguistic Programming Workshop by Welingkar’s HYBRID Distance Learning Programme to understand how it works.

FOUR REASONS TO CHOOSE HYBRID OVER REGULAR ONLINE COURSES

A resourceful person always stays ahead of the game. Unlike formal education, online courses offer flexibility and the convenience to choose the schedule, time and pace at which you intend to build up your skills. However, online courses can suffer from lack of engagement and motivation. This has led to educators create a blend in the form of ‘hybrid’ learning courses.

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Four reasons to go hybrid

  1. Multiple ways to learn: Everyone gets tired of reading pages after pages of text. Hybrid courses were developed for the same reason that children’s books are filled with illustrations. The added inputs can come in the form of videos, audio, industry visits, and visually enhanced resentations, in addition to course material. It ensures that the conveyed information is easily understood, thus giving an edge over both offline and online teaching methods.Here is an industry visit in action:

  1. Diversified approach: Your learning preferences may not be the same as that of your neighbor. Standardized online courses might therefore fail to meet the demands of every student. Diversified teaching methods allow tackling various issues and queries that arise during a course. Besides taking care of time constraints, hybrid courses, for instance an MBA in advertising and media or healthcare management courses, enable face-to-face interaction with the educators.
  1. Greater scope for instructors: Hybrid courses allow instructors to update and tweak their methods of teaching to suit the needs of individual students. Interactions help them in making suggestions, both for improving course materials and students’ performance. This is a lot better than auto-generated feedbacks.
  1. They are fun: Hybrid courses add the vital ‘fun’ element to learning, something that goes amiss in regular teaching methods and online courses. This allows you to hone up on soft skills.

Watch an ‘experiential’ workshop in progress here:

Hybrid learning methods, like the ones used at Welingkar’s Hybrid PGDM Program, ensure that students and professionals undertaking online courses emerge not merely with a qualification, but armed with a ready set of essential knowledge and skills needed to succeed.