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Operations Management Becoming the Lifeblood of Business

Every business runs on several processes or operations, such as financial operations, resource management, lead management, etc. The logistics and supply chain are also an integral part of operations management. A company that has all these processes in place ensures better customer experience, brand reach and revenues. Each such process needs proper management to establish a smooth business flow. However, managing these operations haven’t been too easy. Most businesses have suffered severe deathblows due to improper management of the business operations.

Realising this (especially after the pandemic), companies are paying importance to hire the best talent and giving preference to those with an advanced certification in operations management. The scope of operations management in India today is great. According to Payscale, an Entry-level operations manager earns around 3L-4L annually, with 1-4 years experience, one can earn around 4L-5L annually. At the middle level with 5-9 years experience, he can earn around 7L annually. With 10-20 years’ experience, one can earn 10L to 20L annually.

 Understanding Operations Management & Operations Strategies

Operational management is about the production and distribution of goods with enhanced efficiency. It covers the entire systematic process by which the resources and raw materials can be converted into desirable services and products to match the market and the audience expectations. For managing operations with excellence, businesses need to have a detailed operations plan or strategy.

At an external level, this strategy must focus on developing the business strategy of a business, capturing new markets (market penetration), developing products that customers demand, engaging them through various schemes, and creating excellence in the supply chain through on-time deliveries.

At a company level, it covers devising strategies and implementing them for project management, optimal resource allocations to different business processes, managing inventory and warehouses, ensuring quality control, and forecasting the revenues against the budget plans.

 Functionalities of Operations Management that Makes it Lifeblood of Business

Operations and corporate management handle several functionalities that make it one of the most important business functions.

 Products/Service planning

Operations management is responsible for product designs or service plans. If it’s a product-based company, the operational manager will be responsible for designing the products based on the resources available. In addition, the manager also needs to think about the costs and ensure that the funds for the designing of the products don’t exceed the budget. Similarly, if it’s a service-based company, the OM team needs to plan the various services and ensure quality within the minimum budget

 Business forecasting

Forecasting means analysing the available data and the related information sets and then draw various reports about the future results and business performances. The Executive Programme in Operations Management equips the student with the right tools and methodologies that ensures better data assessment and accurate inferences. This will help the analysts to forecast different aspects of the business.

 Supply Chain Management

One of the fundamental business processes is supply chain management that the operations managers need to oversee. From production to delivery, it is the responsibility of the operations manager to ensure best that each of the Supply chain processes works seamlessly.

 Delivery Management

In delivery management, several functions like logistics and warehouse management, resource allocation, shipment tracking, and a collection of data sets from different POS is involved. The operational management team is responsible for ensuring that all these processes involved in delivery management are executed successfully.

 Data-driven decisions

Lastly, operations management also involves data-driven decision making that eventually helps in boosting the business operations. A manager needs to rely on the real-time information collected after data mining and big data analysis. Hence, an OM manager must upskill his competence to endure he is adept in all the advanced concepts for intelligent decisions based on data.

 Demand For Operations Managers & In-Demand Skills and Job Titles

India is seeing a surge in the demand for operation managers in 2021 with an increasing number of startups hiring competent operations managers. Top companies offering high-paying operation manager jobs are Amazon, HP, Shell, Accenture, Ford, Goldman Sachs, IBM

To become an operational manager, one needs to upskill in operations management. With the skillset employers are looking for combined with experience, one can sure grow in your career by getting selected for senior job roles. Some in-demand operations managers skills are technical proficiency (e.g., production automation), product development, risk analysis and mitigation, strategic planning and critical thinking, managing finance, managing teams, decision-making skills, communication skills, organisational skills, time management, leadership skills, adaptability, etc. (https://www.indeed.com/career-advice/resumes-cover-letters/operational-management-skills)

Several top courses in operations management aim to help both graduates and working professionals to learn the dynamics of business operations and imbibe the in-demand operations managers skills for career advancement.

Some demanding job titles are Operations Assistant, Operations coordinator, Operations Manager, Business Operations Manager, Senior Manager Business Operations, Office Operations Manager, Operations Supervisor, Operations analyst, General Manager of Operations, At the senior level, the job titles are Chief Operating Officer, Chief Legal & Operations Officer, Executive Vice President (EVP) of Global Operations, Senior VP of Operations, Director of Operations, Operations Management Lead, etc.

How an Advanced Certification in Operations Management Help in Breaking New Grounds

IIM Calcutta’s Executive Programme in Operations Management is one of the best courses where one can learn about the various business processes, resource management and establishing a smooth operational flow for enhancing the overall productivity of the business. Following are some of the skills that the candidates develop during this corporate training programme from IIM Nagpur.

The organisational skills-The first skill that needs to be present in the OM manager is organisational ability. The project manager should ensure seamless project execution and meet the client or customer expectations without fail.

People Management Skill- Coordination is the second skill present in the operational manager working for any company or business. He/she should establish proper coordination between different employees or teams responsible for varied business processes. Without proper coordination, there will be a lack of communication and a huge gap in understanding the processes.

 Fair approach- An operational manager should converse with employees and clients equivocally without any biased mindset. The way one deals with other people defines his/her capabilities of overseeing the business operations and increasing productivity at the individual level.

 Conclusion

With proper education and the course plan for operational management, one will understand the dynamics of the business operations and how to deal with them. It will help an individual grow and prosper within the business and pave the path for business growth.

IIM Calcutta’s Executive Programme in Operations Management covers all the key aspects of operations management like feasibility and risk analysis, quality output, waste reduction, optimal resource utilisation and learning about newer technologies like Blockchain.

To know more:

https://timestsw.com/course/iim-calcutta-executive-programme-in-operations-management/

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The Many Benefits of New-age Digital Marketing Strategies

In today’s world, organisations, including small businesses, are increasingly adopting digital tools for their marketing endeavours. Growing internet penetration and smartphone usage across the world entails the fact that there is a large audience for digital marketing campaigns, making it the most lucrative option for organisations. The global digital marketing sector was valued at $322.5 billion in 2020 and is projected to reach $640.2 billion by 2027. India itself houses a digital advertising market that stands at ₹15,782 crores and is expected to grow at 20% to reach ₹23,673 crores by the end of 2022.

A large chunk of India’s population comprises youngsters who are more adept with social media and internet usage, making it an ideal market ripe for intensive digital marketing efforts. Today’s marketing includes social media outreach, email campaigning, written and visual content creation, search engine optimisation, influencer marketing, brand partnerships and a lot more. Additionally, marketing strategies should be data-driven and constantly monitored with new-age tools.

Advantages of Robust Digital Marketing Strategies The rapid adoption of digital marketing tools and techniques in the last decade is no unsubstantiated fad. Digital marketing has proven to be a cost-effective method for achieving a global reach, even for small-scale businesses. Most social media tools such as posts, blogs, stories, reels, and videos are free-of-cost and offer a global reach.  Online advertisements are also cheaper than print and television advertisements. When performed correctly, digital marketing can offer extremely high returns on investments. In addition to cost-effectiveness, digital marketing techniques are easier to track and evaluate. This not only enables organisations to measure the impact of their marketing campaigns but also informs them of the aspects that have worked and about the other mistakes to avoid.

Through search engine and website analytics, marketers today can monitor real-time traffic and gain thorough insights into consumer behaviour. Digital tools can be used to boost brand image and increase an organisation’s online footprint. They can also be used to provide personalised marketing to customers. In the era of big data and automation, customers also expect brands to deliver hyper-personalisation. Robust digital marketing strategies enable organisations to gain a complete understanding of a customer’s needs, carry out processes such as customer journey mapping and deliver content as per the consumer’s preference. This can ensure that a customer feels prioritised and understood, which can prove to be quite helpful for a brand’s image.

Upskilling with IIM Indore’s Executive DMS Certification: There is no dispute over the fact that digital marketing has become extremely important for organisations today, irrespective of their sector. The India Martech Report 2020 has shown that 80% of Indian marketers are expected to raise their expenditure on marketing technology in the next few years. Unfortunately, it stands that a large portion of this expenditure might never see the light of the day due to an acute shortage of advanced marketing talent and the lack of robust marketing strategies for companies. Traditional marketing programmes do not adequately equip professionals with a thorough understanding of the digital marketing landscape, which is essential for strategy. IIM Indore’s Executive Programme in Digital Marketing and Strategy (DMS) aims to address this issue.

The Executive Programme in DMS is designed to provide its participants with a comprehensive understanding of the use of digital programs, social media, and mobile applications for marketing. The programme focuses on helping participants understand how digital marketing concepts can be applied, get hands-on exposure to relevant tools, learn the usage of analytics, and strategise different digital marketing campaigns. IIM Indore’s Digital Marketing and Strategy Programme features a curriculum that includes fundamental concepts alongside cutting-edge techniques and tools. It covers marketing fundamentals, brand management, search engine optimisation and keyword research, social media dynamics and brand communities, display advertising, integrated marketing communications, key performance indicators, social media analytics, qualitative and quantitative research methods, content management, and customer relationship. The programme ends with a capstone project through which participants can apply everything they learned throughout the course of the programme.

Upskilling in digital marketing and strategy opens up a plethora of career opportunities for professionals. Almost every organisation is looking to come up with a robust digital marketing strategy, and DMS equips professionals to fulfil these roles. The digital marketing wave has enabled every customer to be at the top of an organisation’s priority list. Marketers need to be aware of this, and digital marketing is the only way one can stabilise their brand image in a fast-paced world. The extreme importance digital marketing holds in today’s business landscape is why executive education programmes like DMS find wide-ranging resonance among working professionals.

To know more: https://timestsw.com/blog-detail/the-many-benefits-of-new-age-digital-marketing-strategies/

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Effective ways of Implementing Design Thinking in your Organisation

As aptly defined by Tim Brown, executive chair of IDEO, “Design thinking is a human-centric approach to innovation”. When you develop a product using the design thinking methodology, you need to see your products through the customers’ eyes, and you must implement the best designs, which are unique and futuristic. It isn’t always necessary to make a bold design for your product to hit the market, minimal designs can work better for a certain number of products.

 Implementing Design Thinking In Organizations

 Importance of Design Thinking in Business outcomes

Design Thinking Integration in Businesses

Design Thinking & New Product Development

Implementing Design Thinking in Start-Ups

Creating Delightful Customer Experiences with Design Thinking

How to Develop Design Thinking Skills

Key Highlights

 Design thinking is a complicated process that needs various tools, creativity, imagination, and problem-solving skills. Most importantly, everyone in the team must be convinced about the positive outcome of the process and must not show resistance when implementing it.

With huge demand, a large number of young graduates, as well as working professionals, are enrolling in courses like the Executive Certificate Program in Design Thinking & Innovation Management offered by the Indian Institute of Management, Lucknow and TIMESTSW.

Design Thinking Integration in Businesses

Over the years, Fortune 500 companies like Apple, Microsoft, Disney, and IBM have implemented “design thinking” in their products and gained a competitive advantage like no other. Today businesses are driven by design thinking which is a human-centred methodology for creative problem solving and innovation. Design thinking is being implemented in businesses as it offers business value and results in maximising ROI. For this, they first make a team with a design thinking mindset. When implementing this approach, businesses, see failures as learning, they focus on the problem, gather ideas in an unbiased manner, and embrace feedback.

 Design Thinking & New Product Development

A product's design and development are not just a creative and brainstorming process. For example, you need to question yourself while you design a product, and you must have a customer-centric approach to give the best finishes to your products. And it requires interactive communication skills and challenges assumptions to develop an error-free product according to the market demand and the one that offers a seamless end-user experience.

 There are mainly two strategies available for designing a product: customer-driven and product-driven strategies. You need to design a product according to the end-users demand, and you must depend on your assumptions to read the mind of such users. But, if you cannot reach their mind and develop the products according to the end user’s behaviour, you must take the product-driven strategies.

 To design and develop a product, you can follow the different business strategies, and here you can find a few sample design thinking processes:

 You can go for a solutions-based design thinking process where your company's designers can use different tools to design and develop a product. In this case, you can appoint UI/UX designers for your product designs.

A human-centric approach is the best way to reach maximum customers because you need to consider users’ or customers’ behaviour, emotional states, and requirements to design your products. You cannot rely on quantitative data for your product designs in this process.

You can also use both design thinking processes in an integrated method. For example, you can collect the data from your probable users and work with your UI/UX designers to design a product. They can design some prototypes of your products where you can make the necessary changes according to your needs, and you can also get the user’s feedback by testing your sample products before you launch the final product.

Implementing Design Thinking in Start-Ups

To build successful start-ups, you need to think about developing innovative products. As per an article on Dmexco (Europe’s leading digital marketing & tech event) website, one must keep in mind a few things when implementing design thinking like persuasiveness and conviction at all levels, open-minded error culture, involving users to understand a user-centric approach, etc.

 As mentioned in a Forbes article, entrepreneurs are design thinkers naturally. They are curious and always think of user problems they can solve via an innovative business idea or product. In other words, they have a problem-solving mindset. They see through their customers’ eyes and think about designing products that would exceed their expectations. Here is how you can implement design thinking processes in start-ups.

 Observation of the need- You need to empathize with your customers, users, and partners to identify the need or gap in the market.

Designing a product as per the need- You need to design products according to users and make the necessary changes by understanding the customer’s mind.

Scrutinizing the problem areas- Once you understand the problems of your products that your customers are facing, you can redefine such problems and redesign your products.

Ideation- It is an integral stage of design thinking where you need to work with your team. In this case, you need to work with people from different disciplines, and you must develop your products according to their experiences and perspectives.

Creating a prototype or pilot product- Without a prototype, you cannot launch your final product on the market. For your start-ups, you need to create a prototype of your products, and you can take help from your designers in this regard. You must test this prototype, and you can make the changes in your designs according to the feedback from your users.

Creating Delightful Customer Experiences with Design Thinking

If you understand the experiences of your end-users, then you can easily design your products according to their demand and create a delightful experience for them. For this, you must not hesitate to think out of the box. There are many such examples. For example, GE Healthcare has launched an MRI machine for children where little patients can follow a joyful process while they go through this stressful examination. They have designed their MRI cabins with help and a spacecraft where children who have come for the examination can play with and have fun.

 How to Develop Design Thinking Skills?

To develop a product, you need to have design thinking skills. You can join the Executive Certificate Program in Design Thinking & Innovation Management offered by the Indian Institute of Management, Lucknow to learn design thinking concepts and inculcate relevant skills to create products that are human-centric. This course covers all aspects of design thinking, including reframing the designs according to the user’s perspective, creating a product prototype, crafting and redesigning a product, and imagination and creativity that requires designing thinking and business strategies for designing products and services.

To know more: https://timestsw.com/course/general-management/iim-lucknow-executive-certificate-program-in-design-thinking-innovation-management/

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The Importance of Management Competencies For Leadership Roles

With the world’s economy becoming increasingly global, professionals who are well versed in strategic global business management are always in demand. Aspiring business leaders from all over the world must move from being specialists to generalists, from analysing data to executing data-driven strategies. Essential steps need to be taken by them to transform themselves from bricklayers into organisational architects who can engage with multiple stakeholders. This is where general business management competencies come into play. As businesses are becoming more volatile and the market more uncertain and interconnected, globally acceptable general management capabilities are the need of the hour. In fact, over the past four years, the average number of general managers reporting directly to the CEO has increased by 81%. This is because working professionals with general management competencies tend to succeed in the long run due to their global generalist approaches that helps them climb the corporate ladder.

Why Generalists Thrive in Leadership Roles Within the Industry 4.0 context, global Business Management comprises all the activities involved in the functioning of an organisation. Companies need business management professionals who can build and sustain a successful business in a VUCA (Volatile, Uncertain, Complex and Ambiguous) world. A general business manager understands the bigger picture, develops ideas and solutions that benefit the business, and thinks out of the box at the right time. It’s no surprise that the 2019 PPM benchmark study found that project managers predominantly see themselves as generalists (54%). Furthermore, Harvard Business Review found that 90% of the 17,000 CEOs they studied had general management experience. This underscores the importance of global general management competencies in an industrial and tech-dominated economy. As organisations around the world try to keep up with the fast-changing business environment, a strong management system can help sustain organisational leadership and competitive spirit. Considering most activities a manager undertakes, knowledge of general business management and functional roles provide a much-needed edge to face future challenges.

General Business Management Skills in Industry 4.0 A global Business Manager must have cross-functional competencies and be aware of the management skills required across all business functions like marketing, finance, sales operations, human resources, etc., to be able to successfully lead their organisation. They should be able to moderate the influence each functional department imposes on an organisation and foster a culture of cross-functional cooperation. Business managers must exercise a strong command over concepts like – Cross-cultural Communication, Competitive Strategies, Global Strategic Management, International Trade & Laws, Market Structures and more. Yet, most professionals today lack these global general business management skills. Research reveals that 40% of high potentials promoted to the general management ranks fail. The data exposes an existent skill gap that has only worsened due to the COVID-19 pandemic. Such a paradigm begets the need for the interventions of executive education to craftily upskill aspiring global business management professionals who wish to take on the leadership mantle within their organisations. The global business management program by IIM Indore is a meaningful step in this direction.

Upskilling Through Executive Education A professional qualification in Global General Business Management provides a holistic understanding of the management functions needed to leverage global market opportunities and address organisational challenges. While many of India’s B-Schools have started offering executive management programs, IIM Indore’s Executive Programme in Global Business Management (EPGBM) stands apart due to its myriad offerings and long-term global career benefits. The IIM Indore and TimesTSW global business management program provides learners with practical insights into globally applicable techniques and methods for managing any global business. Through an immersive pedagogy and industry-oriented curriculum, the course helps candidates develop a well-rounded skill set that is essential for the functioning of any global business. The dynamic IIM global business management program covers advanced concepts like effective entry strategies, organisation behaviour & design, international HRM strategy, Mergers & Acquisitions, strategies for globalising business models, consumer behaviour, global product strategies, cross-cultural communication, supply chain strategy, and more.

Besides training, working professionals who enroll is EPGBM or other advanced global business management competencies get exposure to becoming a part of IIM Indore’s rich and global alumni network that boasts of management professionals from diverse backgrounds who actively share job opportunities within their alumni network. Besides upskilling, IIM Indore’s EPGBM also leads to other career benefits like potential salary hikes, job promotions, networking opportunities with faculty and industry mentors, and plenty of career advancement opportunities throughout the world.

As organisations around the world try to keep up with the fast-changing business environment, strong management competencies can provide the much-needed competitive edge.

To know more: https://timestsw.com/course/iim-indore-executive-programme-in-global-business-management/

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Why is an Advanced Product Management Certification worth doing?

Product management is the process of addressing customers’ needs with different user-friendly products and marketing them successfully. Product managers are in high demand and are offered lucrative salaries ranging from ₹5 LPA to ₹30 LPA and even more depending on their experience and expertise.

In-depth knowledge is the key asset for a successful career in product management. This is where certification comes in. Experience is not the only thing you need to move upwards in your career graph.  A product management certification from a recognized institute such as IIM Kozhikode, will give a new boost to your career and thus is surely worth pursuing.

Master Product Management

        Statistics & Facts that Would Interest Product Managers

        Focus of Advanced Product Management Programmes

        Benefits of Doing an Advanced Product Management Programme

        Choosing an Advanced Product Management Programme

        The Best Product Management Course

Key Points

        A Product Management Programme enhances the chances of getting promotions by providing deep domain knowledge and specialised skills one needs to perform efficiently.

        Upskilling is important in today’s competitive job environment. Similarly, in the field of Product Management, one needs to upgrade his/her skills and knowledge continuously. Hence, doing a Certificate Programme in Product Management certainly makes sense.

        Product Manager Salary Ranges from ₹5.3 Lakhs to ₹35.0 Lakhs as per Ambition Box.

Statistics & Facts That Would Interest Product Managers

        With the demand for high-end and multi-tasking products, new products are launched quite often.

        It is interesting to know that world-renowned CEOs like Jeff Bezos (Amazon), Susan Wojcicki (YouTube), and Sundar Pichai (Google) worked as product managers at some point in their careers.

        As per a Wall Street Journal article, 7% of Harvard Business School graduates worked in the product management domain.

        As per World Economic Forum, a minimum of 54% of all employees would require reskilling and upskilling by 2022. Reskilling certainly requires an investment that is worth it.

        Annual Product Manager Salary is ₹16.0 LPA. & ₹1384421 and the average salary for a Senior Product Manager in India is ₹2454820.

        The average salary of a principal product manager in India is ₹ 35.0 lakhs and ranges from ₹ 6 Lakhs to ₹ 95.0 Lakhs.

        Top Skills for Product Management are Product Management, Product Strategy, Agile, Sales, Project Management, Product Development, Customer Experience, Product Marketing, Market Research, Analytics and more.

        Product management is most likely to have 22 million job openings globally. In India, there are just 20,000 product managers today. Hence, product manager salaries are on the higher side in India. The huge gap has enhanced the chances of aspiring product managers.

        Top-paying companies for product managers are OYO Rooms, PayTM, Reliance Jio, Bajaj Finserv, IDFC First Bank.

Focus of Advanced Product Management Programmes

These programmes usually teach vital aspects like:

        Defining the vision and roadmap of a product

        Gathering and prioritising the needs of the products and their customers

        Developing cases studies related to the business

        Collaborating with the designing team to enhance the user experience

        Conducting proper market research regarding the products

        Helping with an effective product development procedure

        Assisting to make sure the satisfaction of the customers

        Ensuring that the products support the vision and mission of the organisation

        Working with the marketing team to ensure the successful launch of the product

Benefits of Doing an Advanced Product Management Programme

After completing the best Product management courses, you can enjoy several benefits like:

        You will have a strong foundation in product management, the best product management processes, handling challenging situations, creating strategies, agile product management processes, opportunity generation, and more.

        Upon completing these certifications successfully, you will be able to understand the value proposition, value communication, and also value delivery of products.

        You will also understand the role of product strategy, implementing new processes regarding product development, product positioning, etc.

        Participants will also learn vital skills like analytical skills, decision-making skills, critical thinking skills, etc. These are very important to execute various stages of the product life cycle successfully.

        A certification helps you to move ahead on the career path at a fast pace by carrying out various roles. The career path of a product manager professional involves job roles like an associate product manager, product manager, senior product manager, director of product, product VP, chief product officer and more.

Choosing an Advanced Product Management programme

Once you make up your mind to do the best product management professional certification, you need to carefully look for answers to the questions mentioned below. Once you find satisfactory answers, you can enrol in the course.

        Are the classes taken by experts from the top-rated institution?

        Does the course cover just the fundamentals or advanced concepts too?

        Does the teaching format and approach suit your needs?

        Aside from the advanced theories, can this course offer you a scope to practice some job-applicable skills?

        Does the course include hands-on experience, case studies, etc.?

        What is the course duration and fee payment options?

        Does the course have good reviews?

The Best Product Management Course

IIM Kozhikode’s Advanced Product Management Programme will give new wings to your career. With a product management certification, you will certainly become more confident and knowledgeable. Your horizons would expand, and you will be able to think more intelligently, analytically, and make informed decisions.

It is important to understand that one wrong decision by a product manager can cost millions to the company. Hence, companies choose their product managers very cautiously. Those with a certification stand a better chance to get promoted or bag a senior-level job role in an eminent company.

IIM Kozhikode Advance Product Management is a perfect course that will make you an expert in Product Management. It will help you develop high-level product thinking by teaching you how to identify user needs, create opportunities, and also those products which customers prefer, analytics for product managers, qualitative and quantitative analytics, consumer behaviour in product management, disruptive innovation theory and everything else a new-age product manager needs to know.

So, an advanced Product Management Program has significant worth for middle to senior-level product managers. Even marketing managers and sales managers can do this course.

To know more: https://timestsw.com/course/iim-kozhikode-advanced-product-management/

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How Supply Chain Analytics Help Managers Predict Future Demands

Supply chain management is an integral function of businesses, especially those that offer a myriad range of products and services to consumers. Supply chain management is applicable across the entire breadth of an organisation — from procuring raw materials to delivering finished goods to the customers.

 For effective supply chain management, businesses often create a network of suppliers who move the product along the supply chain. Managers who oversee the supply chain are required to have in-depth knowledge about its functions and characteristics. Supply chain management courses, such as IIT Delhi's certification in supply chain management and analytics, help managers understand the five basic components of traditional supply chain management, namely, planning, sourcing, manufacturing, delivery and logistics, and returning. Managers handle all these five functions at their end to ensure the effective movement of products along the supply chain.

 However, with the changing business environment and consumer preferences, management of the supply chain has become a complex task and encompasses much more than just the above-mentioned components.

 Changing tides of supply chain management

Like other aspects of business, the supply chain has also been impacted significantly by the rapidly changing business environment and evolving technology. Supply chain trends are also evolving continuously and keeping pace with these trends has become imperative for all supply chain managers. Supply chain management courses can help managers understand and keep pace with these breakneck advancements in the field.

 Trends that are shaping and revolutionising supply chain management include the following:

 Automation and artificial intelligence: The use of automation and artificial intelligence is on the rise in supply chains as both these technologies make it easy for managers to handle complex supply chain tasks.

Sustainability: Businesses, as well as customers, are becoming more conscious about their environmental impact. Consequently, the issue of sustainability is fast seeping into supply chains as well. The need to reduce waste and switch to sustainable manufacturing and logistical processes requires a major overhaul of supply chains.

Internet of Things: The Internet of Things (IoT) has come to play a dominant role in logistics. Companies today make use of IoT to oversee operations and transportation in supply chains in real-time to improve efficiency and reduce downtimes.

Cloud-based solutions: Traditional and local supply chains are out of the question for most businesses today. Organisations need agile, accurate, and accessible solutions to manage their supply chains and deal with the issues therein. Cloud-based solutions fulfil this role of managing a distributed and digitalized supply chain more effectively.

Supply chain analytics and predicting future demands

For managers handling supply chains, it is important to regularly conduct a supply chain analysis — a process that enables organisations to gain insight into the procurement, processing, and distribution of products — for their organisation. This would help the managers predict future demand to regularise and operate their organisation’s supply chain accordingly.

 Managers using supply chain management analytics primarily rely on predictive analysis to accurately forecast demand. Supply chain management courses help managers use different models for predictive analysis and determine the optimal level of inventory required at all geographic locations where the supply chain operates. Using supply chain analytics, managers can predict the future inventory and logistical requirements and accordingly make plans to manage the supply chain in the most cost-effective manner.

 Need for upskilling supply chain professionals

Supply chain managers need to upskill themselves to keep abreast of the rapid transformations taking place in the operations of the supply chain. With upskilling, supply chain professionals can ensure that they make use of the latest technologies as and when they are integrated into the supply chain. Further, learning more about supply chain management analytics can enable professionals to create a more agile and resilient supply chain, which is the need of the hour.

 Supply chain professionals can enrol in several supply chain management courses offered by different institutions to learn the skills required for efficiently managing modern supply chains in a dynamic business environment.

 offers a comprehensive and contemporary curriculum for professionals interested in establishing a career in logistics and supply chain management. The course also offers hands-on experience in Spreadsheet Modelling and R/Python Programming.

 The learning outcomes that the course aims to achieve include the following:

 In-depth understanding of fundamental and advanced topics in supply chain management

Thorough understanding of supply chain analytics

Solving real-world problems

Executive Program in Supply Chain Management and Analytics by IIT Delhi

 Learn more about the IIT Delhi supply chain management certification, a programme of 6-month duration that would help you understand the vast world of supply chain management. The course has been designed by domain experts to prepare participants in becoming demand planners, data scientists, supply planners, operation planners, and other challenging roles.

To know more: https://timestsw.com/blog-detail/how-supply-chain-analytics-help-managers-predict-future-demands/

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Competitive imperatives for organisations in the post-pandemic era

As organisations around the world have opened their doors again in the post-pandemic world, there are concerns about how businesses will cope with the changing business landscape. Naturally, health and safety are the top priorities, however, business leaders also need to focus on other workforce challenges as they tread the path toward financial recovery. Many have realised that it won’t be a simple return to old ways. The pandemic has created an imperative for organisations to reinvent their business strategies. Keeping the workforce motivated through the crisis and preparing them for a return to previous routines is going to be a challenge and the leaders will deal with it will define the future of the organisation. IIM Kozhikode Leap Strategic Management Programme for Senior Professionals is indeed an excellent leadership and management course that has been developed to enable business leaders to learn to develop effective business strategies and drive the company’s success in the competitive market.

 Impact of the pandemic on Indian organizations

Covid resulted in a variety of operational as well as financial challenges for the Indian businesses. According to a survey conducted by US-based risk management company RIMS and insurance broker Marsh, the top concern for Indian business leaders remains the concern about a future health crisis. The services sector contributes to over fifty percent of the country’s gross domestic product. While the Covid-19 pandemic had an adverse impact on most sectors of the economy, the services sector was the worst affected. The impact of pandemic on small businesses has been the worst. Almost 80% of Indian companies faced difficulty in cash flows and over 50% of companies had issues with operations issues.

 Developing strategies to ramp up business growth

Business resilience

Resilience is related to how the business will respond to any unforeseen events, by adapting to the situation effectively, implementing changes, and overcoming the situation successfully. The focus of the organisation should be the exploration of the possible strategies for continuing the business operations in periods of uncertainty.

 Supply chain management

The economic chaos that was caused by the pandemic has led to the exposing of many vulnerabilities in supply chains. Leaders should take a cue and examine the supply networks. They must take effective steps to understand the gaps and take appropriate actions for improvement.

 Liquidity and finance

The efforts of central banks have been successful in restoring financial stability. Organisations require experts in financial restructuring, as well as focused teams who are experienced in driving successful initiatives for liquidity and improvement in working capital. Boards and lenders need to be assured that the financing requirements have been understood.

 Tax and regulatory systems

Organisations have to focus on the data for determining the tax exposure especially when employees are working from remote locations. There should be appropriate digital solutions to manage the tax compliance issues.

 Reinventing the business landscape

Transformation of the business models is crucial to create new value for the business as well as the customers in a post-COVID world.  Every organization must strive to be data-driven in the digital era. However, everything cannot be digital. To be truly effective new business models should be able to combine the digital and human aspects. Efficient leaders will ensure that a few of the transformation initiatives will be focused on the new business models and drive innovative revenue streams digitally. They need to invest in strategic resilience and focus on inclusive business models.

 The need for speed and flexibility has increased dramatically. It is also important for employers to attract as well as retain the senior workforce as they bring years of knowledge, skills, and experience along with commitment, work ethics, and dedication to the job. This is extremely beneficial for a business on the verge of recovery. A strong senior workforce can make a business more competitive and bring inclusion to the workplace. From the perspective of risk management, some crucial focus areas of focus for business leaders are financial and regulatory risk, risks associated with third parties, and internal controls. They need to prepare a checklist to chalk out their responses as well as develop an effective risk mitigation plan.

 Strategic leadership is the need of the hour as the focus must be on the future and the objective is to bring the organisation back to where it was prior to Covid-19. There is a rising demand for individuals who have competence in strategic management. They should be able to develop effective business strategies, oversee everyday operations and drive the organisation to success. IIM Kozhikode LEAP strategic management programme for senior professionals is a good executive management program that helps working professionals to succeed and boost the organisation’s growth.

 Need for upskilling is the new normal

Changes in the business models, as well as consumer behaviour, call for upskilling. Investment in reskilling, upskilling, and retraining will result in the improvement of the employability of the workforce. Acquiring new skills is always an enriching experience. Leaders should focus on creating relevant skills, capabilities, and knowledge to work in the changing business environment. They must ensure that the employees have the necessary tools for the development of those skills.

 Upskilling the workforce is crucial for organisations to stay competitive and ready for the future. An upskilled workforce will be able to apply the acquired skills and knowledge to the real problems of the business world. IIM Kozhikode LEAP strategic management programme for senior professionals is an ideal program to introduce the workforce to best practices and trends that will enable them to face a new business world. Future business leaders must evaluate their learning needs and invest in effective training.

To know more: https://timestsw.com/course/Leadership-and-strategy/iim-kozhikode-leap-strategic-management-programme-for-senior-professionals/

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Pain areas for senior professionals to build a strategic roadmap for an organization

A strategic roadmap serves as a firm bridge between an organization’s strategy and its execution. While building a strategic roadmap, professionals in an organization establish key results that must be achieved within a specific time. A roadmap should ideally be aligned with the company’s strategic vision and long-term goals.

 The outcomes of a strategic roadmap are marked by assessing an organization’s current potential, market standing, priorities, weaknesses, and areas for improvement. All these factors can be best understood by senior professionals in the organization. Hence, building a successful roadmap for an organization is one of the crucial duties of managers to thrive in today’s highly competitive business environment. However, with the dynamic shifts happening across industries, many senior professionals are having a challenging time building a strategic roadmap for their organization’s success. These professionals need to upskill themselves to stay relevant in their organizations. IIM Kozhikode’s executive leadership program can help senior professionals and organizational leaders catch up with modern management strategies to create winning roadmaps.

 Importance of strategic roadmap for organizations

With over 20 lakh companies registered in India, it’s important that management professionals are equipped with strategy building skills to stay ahead of the intense competition. A strategic roadmap is a bit different from a mere plan. It establishes what aims are to be achieved, and why, providing the organization with a clear vision.

 Additionally, a strategic roadmap lays down the exact path the company must take to attain results in a specific time frame. Here’s why a strategic roadmap is essential for an organization’s overall success:

 Allows management to be proactive

Provides a sense of direction

Increases the overall operational efficiency

Improves the profitability and valuation

Grounds the business in one strategic vision

Professionals who wish to learn the secrets of building a successful strategic roadmap should consider taking the strategic management course offered by IIM Kozhikode.

 Struggles in building a working strategic roadmap

a) Absence of strategic management

The importance of having a strong set of strategic management skills for building a successful roadmap can’t be understated. These skills include data interpretation, decisiveness, and problem-solving. An understanding of how to navigate modern markets plays an equally vital role. Hence, upskilling is necessary for senior professionals to learn the latest management concepts and market trends.

 b) Misalignment in process and strategy

Aligning process execution with the company’s strategy results in minimum distractions and allows the entire team to march forward in one direction. Most organizations either do not come up with a process or build one just for the sake of it. This leaves their employees uninformed and confused and the organization veers away from its roadmap. Management professionals can enrol in the executive leadership program offered by IIM Kozhikode to learn how to effectively align the strategy and process of a business.

 c) Poor communication between the team

Healthy communication is the key to building a strategic roadmap that works. Poor communication between a team could result in tracking and management issues, unorganized meetings, inaccurate reports, and an overall decrease in efficiency. As poor communication is one of the biggest reasons why strategic planning fails, senior professionals must ensure that communication is streamlined and all the business information is centralized.

 d) Lack of ownership/allocation

While building a strategic roadmap, it’s essential that the management establishes individual roles and responsibilities at the outset. Not assigning owners to every stage of the roadmap will slow down the entire process and cause confusion about who’s accountable for what, leading to a roadmap failure. The strategic management course by IIM Kozhikode imparts excellent corporate leadership and accountability training for effective business management.

 e) Unorganized and inaccurate data

Another reason a strategic roadmap could fail is having inaccurate and unorganized data at hand. When executing the roadmap, every stage requires centralized data that is easily accessible and precise. This would allow the entire team to refer to the same info and keep everyone on the same page.

 Learn to tackle strategic challenges with IIM K - LEAP

For professionals serving leadership and management positions, it is crucial to catch up to the latest market trends and upskill when required. The strategic management course offered by IIM Kozhikode in association with TSW is perfect for building or improving strong strategic management skills that are relevant to the current business models. This executive leadership program is tailor-made by the distinguished faculty at IIM Kozhikode to meet the growing needs of professionals managing companies of varying sizes. The course participants will learn the latest strategic management practices and develop critical analytical and decision-making skills to create sustainable strategic roadmaps. The program is delivered in Direct-to-Device (D2D) mode and offers interactive lectures, assignments, case studies, quizzes, projects, and other engaging activities for the holistic growth of learners. Join IIM K - LEAP today to climb up the success ladder in management and leadership.

To know more: https://timestsw.com/course/Leadership-and-strategy/iim-kozhikode-leap-strategic-management-programme-for-senior-professionals/

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Rising Demand for Senior Strategic Leaders to Take Businesses Forward

Strategic leadership refers to how a leader visualises, plans, leads, and makes the best out of the resources available to execute strategies as efficiently and successfully as possible. Strategic leadership achieves its aims by building individual and organisational capability.

But the core importance and aim of a strategic leader is to anticipate challenges, interpret complex information, and steer an organisation towards an improved future in uncertain times. In the present scenario with a leadership crunch, professionals need to develop new skills and tools to help them become influential leaders in today’s changing work environment.

1. How Strategic Leadership Can Handle Disruption and Uncertainties

The roles of leaders today are different from what they used to be in traditional organisations. Leaders in the 21st century are grappling with a complex business environment which makes strategic leadership an imperative role.

The pandemic has disrupted how business is conducted and has accelerated the need to adapt quickly. According to McKinsey survey only 11% of respondents believed that the current business models would be economically viable through 2023, whereas, two-thirds said their companies needed to adapt to the change. This means that strategic leadership will have a more prominent role in anticipating the organisation’s needs with a view to implement meaningful change amid the contemporary era of disruption.

2. Famous Personalities With Strategic Leadership Characteristics

Take a look at some of the prominent strategic leaders who have proficiently anticipated and handled disruption and uncertainty.

i.   Jacinda Ardern, Prime Minister of New Zealand :

During the COVID-19 pandemic, Ardern’s swift decision-making and vision kept casualties low. She demonstrated impressive social skills while being articulate and direct about her leadership strategy, which are critical traits of a strategic leader.

ii.   Jeff Bezos, Amazon founder and CEO:

Bezos is responsible for bringing his company’s stock up by 225,000%. The Bezos strategy’s hallmark is refusing to focus on short-term gains, thinking long-term, and seeing the organization as an interconnected whole. This mindset is combined with intuition, deep research, and market knowledge, particularly in a disruptive business environment.

The kind of strategic leadership shown by Ardern and Bezos needs to be cultivated over time.

These skills of managing change, negotiating and influencing multiple stakeholders, and communicating with impact are just some of the skills central to strategic leadership.

3. The Talent Gap in Strategic Leadership Roles in India

A leadership gap has become apparent in India, and this grey line needs to be fostered through upskilling.

According to the Leadership Development Trends report, which involved over 500 leadership specialists, 80% of Indian organisations face a leadership talent shortage. In contrast, 49% of organisations had to upskill their existing leaders. This trend is seen across various industries and across all verticals.

An effective way to address the leadership gap is through executive programmes that train senior professionals in strategic leadership, equipping them with the tools necessary to navigate the business environment of today and tomorrow.

 4. How IIM Indore’s ECPSL Can Fill The Leadership Skills Gap

IIM Indore’s Executive Certificate Programme in Strategy & Leadership for Senior Professionals (EPSLSP) is geared to senior professionals and aims to build the critical capabilities needed to thrive in a volatile world. The year-long programme deploys business case studies and projects with an interactive pedagogy to help participants:

i. Deepen their understanding of business functions and develop critical insights

ii. Think and implement goals strategically

iii. Effectively lead and manage teams and organisations

iv. Better understand and respond to disruptive challenges confidently

Keeping these outcomes in mind, the programme includes modules like Business, Economic, and Financial Management; Operational Excellence; Working with Data; and Strategy.

To make the best use of the program, an ideal participant ought to have work experience of at least ten years.

5. Progressive Career Path After Pursuing EPSLSP

This strategic leadership programme makes a candidate fit for the following roles:

        Business analyst.

        Project analyst.

        Financial analyst.

        Consumer insight analyst.

        Compliance officer.

        Research investigator.

        Product strategist.

        Project management coordinator.

The programme adds value to the resume, provides recognition, opens doors to excellent career opportunities, helps draw a higher salary, and validates your dedication to the job.

Some might view EPSLSP certification as expensive, time-consuming, and a difficult task. However, many hiring experts treat this certification as an important credential that adds credibility to your professional profile.

To know more: https://timestsw.com/course/iim-indore-executive-certificate-programme-in-strategy-leadership-for-senior-professionals/

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Everything You Need To Know About Business Management

Introduction

Considering the important role of managers in business, there is a growing demand for management professionals at all levels who can leverage their expertise in the company’s growth. Thus, a specialised professional programme like the IIM Bodh Gaya programme can be of great help. This programme is dedicated to professionals in their early or mid-career thriving to achieve higher opportunities in their career scope. It is one of the best options to gear up your career in business management.

What is     Business Management?

Business management is the administration of different management frameworks and tactics to ensure seamless business operations. From managing the staff and employees to handling teams and projects, a business manager needs to tackle marketing, finance, process planning, etc. In simple terms, it is the management of business resources.

Skilled and efficient business managers make their way through an in-depth analysis of organisational structure and behaviour. To understand the nerve of any business, its market, and its strategic developmental scopes, one needs an understanding of management concepts and skills both. An executive certificate programme in business management offers a professional perspective of business processes, frameworks, scopes, etc. It gives an introduction and core insight into the basics of operating and handling a business to push up its success goals.

Business     Management Job Responsibilities

The responsibility to look over the work to financial resources, process-handling, policy-making and implementation, client management, etc., lies with the management of any business. The role of a business manager demands extensive managerial and leadership qualities, business process understanding, analytic skills, marketing, and an understanding of finance.

Skills     Required for Business Management

Managing an entire organisation is sometimes impossible for a single person when the company is big. In such cases, the management comprises multiple business managers heading different processes and areas of work to maintain coordinated business operations. However, to manage even one process or multiple processes, you need to possess certain skill sets:

        Communication Skills – Right communication ensures seamless functioning of the company. It ensures that there is no discrepancy in information dissemination, and enables every individual to work cohesively towards achieving organisational goals. This skill allows a business manager to deal with inter-organisational departments and employees, improve business networking, handle clients, express business ideas and plans, etc.

        Planning Skills – Planning well and taking informed decisions is an integral part of pushing any business through new challenges toward a progressive path to achieve organisational goals. As a business manager, one needs to have expertise in planning skills.

        Financial Understanding – Business and finance go hand in hand, since every business aims for a common goal i.e., profitability. Therefore, financial understanding co-relates with business management from funding to budget, resource management to investments, and risk management to savings.

        Leadership Skills – Management involves a lot of decision-making and implementation. When you seek to implement new policies, goals, plans, and work targets, you must project unparalleled leadership qualities to drive your employees and team with you towards these organisational goals.

        Motivational Skills – Management often comes across rough crossroads where they need to motivate the staff and employees to hard work, push through their efficiency and effort to achieve higher targets.

        Market Analytical Skill – No management can prosper without in-depth and qualitative market analytical skills. As a business manager, one must possess extensive market analysing skills to understand new scopes, market demand, customer expectations, upcoming commercial trends, etc.

How a     Business Management Course can Uplift your Career

To have a shining career in business management, you need the right skills, knowledge of business management concepts, latest trends, competition, technological changes, business challenges, leadership qualities, as well as experience.

Not just aspiring managers but also existing managers need to enhance their efficiencies by upskilling themselves and becoming adept in advanced management concepts and practices. The world is changing at a fast pace and so are the ways of doing and managing a business.

To accelerate your career profile Executive Certificate Programme in Business Management (ECPBM) from IIM Bodh Gaya is a great option. Certificate programs like these are specially designed to offer professional insight into various facets of business management.

Since most companies are now looking for professionals who excel as managers and steer the team ahead as good leaders, the executive certificate programme by IIM Bodhgaya emphasises imparting academic excellence and managerial skills. The programme includes all the management aspects like:

        Operations and Supply Chain Management

Operations and Supply Chain Management (OSCM) involves dedicated management and handling of product manufacturing to service delivery to customers. An integral part of manufacturing/service industries, it regulates resource management, material supply, delivery, operation, functional plannings, distribution of resources, logistics, order fulfilment, retail, etc.

        Financial Management and Forecasting

Financial forecasting is the term directed based on the estimation of expected revenue, expenditure, profit margin, etc. it also determines the budget allocation required for a particular project or tenure, scopes of funds, and investments.

        Marketing and Consumer Decision Making

Marketing and consumer management require an intriguing understanding of market and customer requirements. Planning, decision making, and modulating marketing plans to manage sales ventures require essential market knowledge, which you can acquire from professional business management programs.

        Decision-making Through Critical Thinking

Business management often involves critical decisions and planning, risk management, and challenges to edge over market competition. A professional business management course allows one to understand decisive factors, which helps direct critical thinking and decision-making.

        Strategic Management

Business is no longer a deal of simple give and takes in today’s world. Overwhelming competition, new technology, market approach, and changing commercial trends have led to the need for extrusive strategy management, strategy to move ahead, take over new tech challenges, business adaptations, market evolution, etc.

        Team Management and Leadership

A business needs to have a well-managed team of efficient workers in varied spectrums who work proficiently and coordinate with each other to achieve business goals. Thus, a business manager must know how to manage a team well and act as an able leader employees look up to. Joining a professional business management course designed by prestigious institutes like – IIM is the best way to hone your management skills.

Executive     Programme in Business Management

Business management is a booming career. You can aim for higher managerial roles with professional grooming and draw high salaries by taking advantage of lucrative career opportunities.

As per PayScale, an early career professional fetches a minimum of ₹873,354. Business Manager salary ranges from ₹2.7 Lakh to ₹28.0 Lakh per annum as per Ambition Box.com.

Aspirants can ascend their career graph with an executive programme in business management that aims to widen career opportunities in the business management spectrum.

IIM Bodhgaya offers an executive programme in business management for working professionals who want to upskill themselves. This immersive learning programme includes both live online sessions and on-campus sessions.

The programme instructors have years of experience and expertise, ensuring quicker and in-depth learning. If you are enthusiastic to make exponential professional growth, enrol in this programme.

To know more: https://timestsw.com/course/iim-bodh-gaya-executive-certificate-programme-in-business-management/

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Why Upskilling Is Needed to Train India’s Senior Management Professionals

India is home to several MNCs and unicorns and has rapidly adapted to technological innovations and business trends. The country is also one of the fastest-growing economies in the world.[1] To thrive amidst emerging trends, businesses need competent senior managers who have a futuristic outlook. They need to be highly skilled to strategise effectively and execute seamlessly. Moreover, they must possess decision-making capabilities with a problem-solving approach.

 The World Economic Forum (WEF) predicts that 133 million new job opportunities will come up in 2022 creating more work. However, this also means that a significant number of employees, approximately 54%, need to upskill or reskill themselves to remain relevant in the market. These statistics show the importance of upskilling and senior management is no different in this regard. As leaders in one of the fastest-growing economies of the world, they need to be adept with technological advancements such as AI, analytics and more. Additionally, they must also possess good communication skills as they often become the face of the company in the future.

 Career Path of a Senior Management Professional

If you are a senior manager right now, later in your career, you could end up with one of the titles below:

 Vice president

Vice president

Director

Director/ Associate Director

Principle

Operations Manager/Director

President/Owner

Partner

Senior managers may progress to upper-level positions by demonstrating proficiency in all aspects of their roles. Their performance history, professional qualifications, experience levels and area of expertise all play an important factor during potential promotions.

 KEY POINTS:

 India is one of the fastest-growing major economies in the world. To thrive amidst emerging trends, businesses need competent senior management professionals who have a futuristic outlook. They need to be highly skilled to strategize effectively and execute seamlessly.

Senior management programs are geared towards upskilling in management and teaching them to adopt a futuristic approach. These programs are tailored especially for working professionals who wish to accelerate their careers by pursuing an executive program.

Challenges of Transitioning into Senior Management Roles

 Transitioning into a senior management role is not an easy job. It is quite a daunting and challenging process.

 Moving up the ladder requires changing focus. Just as you change the lenses of the camera to get a wider angle and broader view, so is management practice.

 The new role requires new skills and capabilities. These may be at an operational level, functional level, or a behavioural level. Senior managers need to be able to get the work done through others by effectively delegating and leading others. Additionally, the focus must be on strategic thinking and planning, understanding group dynamics and budgetary and production planning on a broader scale.

 Senior managers, need to have a strong “lead by example” mentality. It is a vital component of success in senior management because it’s going to leave an impact on the subordinates. Moreover, new managers need to build self-awareness and emotional intelligence while closing gaps in performance.

 That’s not all! Trust, self-awareness, relating, accountability, focus, empathy, decisiveness, resilience, courage, systems thinking, etc. are essential skills that one needs to acquire in order to climb the ladder.

 How Executive Education Can Help

Considering the skill-based challenges individuals face while transitioning into a senior management role, pursuing an executive education programme can be an excellent solution. The course will not only upskill & reskill you but will also align you with the latest industry trends.

 An executive senior management program from IIM Indore is ideal for those who wish to move ahead in their career. The program is conducted in a hybrid manner, including online and offline aspects. It is designed to cater to industry needs and technological advancements. The courses offered within this program are relevant to industry trends such as analytics for decision making, operations in a digital world and more. With its unique pedagogy and innovative assessment, IIM Indore’s program is well suited for professionals who wish to upskill and pursue their careers in senior management.  All in all, the course helps you adopt a futuristic approach.

 To know more: https://timestsw.com/blog-detail/why-upskilling-is-needed-to-train-indias-senior-management-professionals/

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How a good Strategic Management Programme helps in Career Advancement

Through strategic management capabilities, one is adept at using the company’s resources’ judiciously. Strategic planning further helps to develop plans and policies to attain organisational objectives by providing the overall direction and then using the resources for implementing the plans. If you are aspiring for a leadership role, then doing a Strategic Management Programme from a reputable institute will prove to be a defining moment in your career!

Take advantage of strategic management course (Article Index)

        Learning Outcome of a Strategic Management Programme

        Learn applied strategic management

        Take advantage of leadership training

        Experience working together as a team

        Enhance your employability quotient

        Leverage networking opportunities

IIM Kozhikode’s LEAP Strategic Management Programme for Senior Professionals is a competitive course that enables professionals to stay ahead of the curve.

Key Highlights

        The idea of strategic management has evolved from the economic theory developed during the 50’s centred on industrial-organizational approaches.

        Formulating a strategic vision requires a comprehension of global trends, stakeholder expectations, and the competitive landscape.

        A competent strategic management process comprises several stages. Join a Strategic Management Programme for Senior Professionals today for career advancement.

Learning Outcome of a Strategic Management Programme

A strategic management programme offered by a top-notch business management institution can help you:

        Develop and implement corporate strategies

        Formulate realistic business targets

        Acquire strategic thinking skills

        Identifying organisational needs and possibilities

        Utilise new-age technology for strategic solutions

        Develop responsible leadership competencies

In the following paragraphs, we will see how strategic management courses in India can help to advance your career successfully.

Learn applied strategic management

You can take up an online strategy management course while you are studying and/or engaged in a job. It will help you stay up to date with strategies and tools related to the most recent business development.

A strategic management course intended for new general managers ought to help develop cross-functional skills and they should emphasise how to apply corporate strategy across different functions. The reason for this is that functions are not separate from each other, and it is imperative for general managers to comprehend how the different business functions perform together. On the contrary, strategic management courses intended for senior managers will be probably emphasizing global business management, plus formulating innovative business opportunities.

Take advantage of leadership training

Strategy management training along with leadership training is also provided by a top-notch strategic management programme. It will be possible to advance your profession by having effective leadership skills, which is imperative for the successful execution and implementation of any corporate strategy. Executive leadership training and leadership exercises will assist you in gaining innovative perspectives and honing your strategic leadership skills.

Experience working together as a team

The right course directs one with strategic management acumen to steer an existing company in the right direction. Apart from this, you will learn leadership skills and the value of teamwork. The course will teach you to supervise as well as direct a group of people toward the success of the organisation. These are responsibilities or duties instead of skills that you need to take up as an integral part of the organisation or business. Managing teams and leading them is a daunting task, however, the learnings that you get through this top-notch LEAP Strategy management course by IIM Kozhikode will prove to be extremely valuable when it comes to managing your team members.

Enhance your employability quotient

A competent strategic management course will be quite valuable for you as it will add to your credentials and brighten your chances to move your career graph upwards. Majority of the leading companies hire qualified staff as they prove to be assets for the company. They even invest in staff training to enhance their performance and increase ROI. When you do a strategic management course from a reputable institute like IIM Kozhikode, you become the preferred choice of employers.

Since every global organisation needs committed, capable, and expert strategic managers, a strategic management programme for senior professionals will increase your chances of getting hired. So, you can improve your career prospects by enrolling yourself in a strategic management online course.

Leverage networking opportunities

It is a fact that the leading institutions providing strategic management courses will help you gain the benefit of fantastic networking opportunities. He will encounter individuals with identical ambitions coming from different types of industries, geographies, and functions that are interested to learn more about business techniques. Learning from the experiences of these executives will help in improving your comprehension of the business environment in general.

Moreover, it will be possible for you to develop flexibility and perspective by interacting with other participants in the strategic management course. You might be able to import strategies used by others to your industry as well. Your colleagues can turn out to be an international network for a lifetime.

Register for IIM Kozhikode LEAP!

The carefully designed IIM Kozhikode LEAP programme for senior professionals has been designed to minimise the demand and supply gap of able strategic managers. The intention of this programme is to create outstanding managers who will play a decisive role in the bright future of the organisation they work for.

This programme will inculcate the required skills, knowledge, as well as competencies in you for advancing your career. The business environment is witnessing constant changes and uncertainties and the right strategic management course will train the manager/leader in you. Read ahead to know more benefits of doing this programme.

To know more: https://timestsw.com/course/iim-kozhikode-leap-strategic-management-programme-for-senior-professionals/

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A Strategy Managers Job Role and Salary Details

Strategy managers happen to be the key planners, risk leaders, and analysts who are responsible for setting up strategic plans to enhance ROI. Besides this, they take care of the smooth functioning of the business and implement corporate strategies for supporting business stability and growth.

The position of a strategy manager is essential to attain short-term as well as long-term plans in this competitive industry. By enrolling in a Strategic Management Programme for Senior Professionals, you will attain the competencies needed to push your limits and accelerate your career.

In this article, you will read about the job role of a strategy manager and how a Strategic Management Programme for Senior Professionals will take your career many notches higher by inculcating you with advanced knowledge, skills, and capabilities.

Salary of a strategy manager in India

In India, the average salary of a strategy manager happens to be 15-20 Lakhs PA. As per Glassdoor, it is ₹19,56,805 in India and PayScale mentions it as ₹152429 LPA. As per Ambition Box, the average salary of a strategy manager is ₹20.0 Lakhs.

Here, we like to mention that the starting salary for a strategy manager will be approximately ₹6.5 Lakhs every year in India. A strategy manager’s salary can range from ₹ 6.5 Lakhs to ₹ 45 Lakhs based on experience, expertise, and company. As per the ambition box, the highest paying job can fetch a salary of ₹45.0 Lakhs every year which comes to approximately ₹3.8 Lakhs every month.

Various responsibilities of a strategy manager

Strategic planning: A strategy manager is accountable for developing a decentralized activity planning procedure and making sure that it is adopted across the business. He evaluates the current status of a company and works for its overall future planning and development. He plays an important role in all sorts of planning for the company. He also sets up and reviews important strategic priorities by translating them into quantitative and actionable plans.

Besides strategy management, a strategy manager supports the strategic planning procedure for making sure that this process is focused, value-adding, and timely. He will also make certain that the strategic planning process focuses on the present business and tries to solve all kinds of issues. Economic breakdown, streamlining of funds, and their right allocation are all done and planned in a strategic manner by the strategic manager.

Risk management: Risk management involves assessing possible threats and reducing them by formulating proper plans. This procedure allows the business leaders to comprehend and manage expectations that aid in enhancing connections with customers, employees, and suppliers. Strategy managers are responsible for formulating and recommending possible scenarios for alleviating any potential threats and developing risk reports for business leadership and senior management.

Performance management: A strategy manager also manages and develops the KPI infrastructure of a business for facilitating assessment as well as reporting of performance against budgets and plans, plus strategic objectives. He is accountable for developing weekly, quarterly, or yearly performance reports for the leaders of the business while also facilitating performance reviews as well.

As per the latest customer behaviour, the manager also invents newer ways of company management, coaching strategy management employees as well as detecting and suggesting areas of improvement and focus. Take the help of a comprehensive strategic management programme for fulfilling your objective of becoming a strategy manager in the near future.

Collaboration: Strategy managers also execute their plans while collaborating with other departments. For instance, they might work with human resources, finance, and development teams. They might also interact with the HR team for hiring fresh employees, collaborate with the finance team for the purpose of budgeting, replacing, or retaining employees, and make service or product recommendations.

Coaching: A strategy manager can likewise take the role of a competent strategy coach for the department heads within the company to offer support to figure out individual department strategies. He likewise owns strategic plans while guaranteeing agreement with these strategies.

He is responsible for reviewing, managing, and evaluating present business strategies for providing advice to the leadership of the business and ensuring alignment with the overall strategy of the business. He helps the managers and departmental leaders to try and optimize the enhancement of essential value levers that will provide the business with a competitive advantage. Take advantage of strategic management courses in India provided by IIM Kozhikode for becoming a competent strategy manager.

Data analysis: It will be possible for strategy managers to verify what is working for them and what might be the opportunities for enhancement by evaluating the data outcomes of their plans. They likewise make use of analytics for benchmarking preliminary outcomes for measuring long-term marketing trends which will help them to make sensible resource and financial decisions. Take the help of IIM Kozhikode LEAP to make your dreams of becoming a strategy manager true.

Creative problem solving: A strategy manager is going to enable creativity and modify business growth by overcoming behavioural, political, and systematic obstacles. They will come across alternative solutions for existing issues by taking unique initiatives. Apart from this, they provide guidance on the required corrective actions while detecting gaps in the business as well. The primary role of a strategy manager will be to enable creativity and innovation for formulating fresh winning strategies. If you want to become a top-notch strategy manager, then make sure to go for strategic management courses provided by IIM Kozhikode.

Creating value: The creation of value for any company implies making sure that the revenues of that organization are always more than its expenses. Value creation happens to be the primary objective of any business entity. Strategy managers make sure that the strategies formulated by them will help the business to generate revenues and promote financial development.

A strategic management programme for senior professionals will be providing you with the required guidance and training for becoming a reputable strategy manager while pursuing your career. Know about the learning outcomes of IIM Kozhikode LEAP for aspiring strategic managers and how it can equip you with relevant and new-age skills and talent.

To know more: https://timestsw.com/course/iim-kozhikode-leap-strategic-management-programme-for-senior-professionals/

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Why study business management?

As per the rating agency Moody, economic growth is estimated to grow up to 9.5% from 7% for the fiscal year 2022 during pandemic situations. The economy of any country or global economy depends on businesses. So as per the economic reports, businesses are to prosper, and for the smoother functioning of any business process, you need business management professionals to make things happen. So, there is a growing requirement for business management professionals.

 The demand for business management studies is overwhelmingly rising globally. Moreover, according to the study revealed by Statista, the industry revenue of business schools, management institutes, and computer training schools in the US has reached $12.67 billion in 2020 from $9.89 billion in 2012. This is a spectacle of a 28% growth leap within a very short period.

 Be a Seasoned Business Manager

 Importance Of Business Management Study

Skills & Expertise Gained From A Business Course

Careers /Jobs After A Business Degree

Salary Expectations With A Business Management Degree

Top Universities Offering Business Management Degree

Key Highlights

 As per the news article BusinessToday.in i.e. "India's B-school market is maturing", India has 4000 B-schools that up make one-fourth of 15000 global B-schools.

Experts in the US estimate that the business management education industry will earn more than $14.1 billion in 2024.

Pandemic has not affected the placements of IIM qualified business managers, and the demand for tech-savvy managers is surging.

Importance Of Business Management Study

The management body of any organisation remains responsible for sustained monitoring, direction, and implementation of planned strategies and resource distribution to achieve organisational goals and meet company objectives. There are several roles that form the core of business management. These include finance, human resource, marketing, communication, strategy, etc. And so, without proper or efficient management, no process, whether in political affairs or at home can work out.

 Similarly, business managers are entitled to play the pivotal role of keeping every process working seamlessly within the framework for businesses and companies. Thereby, professional training from a renowned management institute can be the turning point of your early or mid-career.

 A professional management course prepares the students for business challenges and teaches the latest management concepts. Leveraging the industry expertise and learning the key skill sets that let them thrive in the corporate world helps them sustain their success in the professional world in the long run.

 Skills & Expertise Gained From A Business Course

 In your early or mid-career, you need a powerful thrust to gear up your professional life and accept higher challenges and career roles. To go up the ladder in the business management profession, you not only need knowledge but also skills. An executive programme in business management grooms and polishes your understanding and potential in the right direction and dimension with requisite skills.

 People Management: When working in an organisation, one has to certainly strive for professional excellence, but as a leading manager, one must be able to work cohesively as a team. Business management professionals need to communicate, manage, motivate, and lead teams and employees at the workplace and manage other collaborates.

 Management of resources to materials, and deliveries to fund sources requires excruciating skills in people management. Business management programmes over a detailed insight into strategies required for motivating and driving employees to an organisational goal, monitoring personnel, team management, resource handling, etc.

 Management & Leadership: Management inevitably involves effective leadership and management skills. The role of a good and effective leader cannot be undermined in the organisational context; leading organisations like Amazon believe that a candidate who positively influences the people they work with is the strength of an organisation. As per Deloitte's 2016 Global Human Capital Trends report, 86% of 3,300 business and HR leaders considered leadership to be very important for the organisation's growth.

 Leadership primarily refers to projecting an idolising work role model in the workplace, motivating team members, innovative and progressive thinking, inspiring and directing them to achieve targets. Management stands for logical and priority-based supervision and controlling of processes and workstreams. And hence nurturing leadership quality has become a significant part of most of the executive management courses like the executive program in business management by IIM Bodhgaya.

 Organisation & Planning: No business or company can prosper without organisation-oriented analytical planning. Planning helps to systematically organise workflow, achieve targets, manage goals, and aspire for future goals. Business management studies help to acquire the right understanding of planning.

 Operation Management: Streamlined business operations ensure that businesses are functioning well and productivity is not affected. In a business, every different operation or process has importance. Co-operation and coordination among operations require modest management, yet another skill you can learn from business management programmes.

 Consumer-Focused Decision Making: Customer satisfaction is the core of any business. It plays an integral role in gaining more market share and easily facing the competitive market. Hence, every company strives to create a consumer-focused strategy.

 Strategic decision-making based on market analysis, consumer requirements, surveys, and feedback, plays a vital role in business success. An executive programme in business management helps you to achieve an understanding of the market study, consumer survey processes, understanding market rivalry, and so on; to plan business development accordingly.

 Design Thinking & Innovation: Innovation and creative thinking pave the way to building a brand and standing out in the crowd. Business management encompasses the study and evaluation of innovation and design implementation in product and service management in every business.

 Digitalisation and AI: Technological interventions have brought a paradigm change in the global forum, and it has streamlined business processes. By 2027, around 80% of the retail companies will adopt AI, powered intelligent automation. E-commerce to digital payment, shopping apps to digital marketing, business in this century indistinctly co-relates to the use of AI and digitalisation in small-scale to large scale businesses. At IIM Bodh Gaya programmes designed for business management professionals, one gets to learn Digitalisation and AI for competitive advantage.

 Careers /Jobs After A Business Degree

 Business management studies open your career profile to a wide variety of job opportunities. Most highly acclaimed job roles after pursuing a business management degree include general business management, financial analysis manager, process manager, strategy development manager, product development manager, retail manager, data analytics manager, etc. you can aspire for a career in different industries like retail, e-commerce, banking, products, and services, etc.

 Salary Expectations With A Business Management Degree

 Managers with a professional understanding and executive certificate in Business Management can earn better than those without any specialised qualification. If you are already holding a job in a business management profile, you can boost your career scope to the top 10% of employees in the market who fetch almost as high as ₹28.0 lakhs per year, according to Ambitionbox. However, the salary range is ₹ 2.7 Lakhs to ₹ 28.0 Lakhs. As per PayScale, the average salary of a business manager is ₹873,354 per annum.

 Top Universities Offering Business Management Degree

 Many institutes in India offer business management courses. Here are the five leading Universities offering business management courses for professionals.

 IIM Ahmedabad - Indian Institute of Management, Ahmedabad is a well-known institute that offers elaborate post-graduation level management study courses. Some are ePGD in Advanced Business Analytics, Executive Programme In Business Finance, Senior Management Programme, etc.

 FMS Delhi – One of the founder members of the AMDISA, it has been a top management university in the country for over 70 years. Courses are designed for professionals , and the institute is accredited by National Assessment and Accreditation Council (NAAC).

 DMS IIT Delhi – Established in 1997, within a few years Department of Management Studies, Indian Institute of Technology, Delhi has bagged a lot of acknowledgement and appreciation. It offers affordable and convenient management programmes and is a co-educational government college.

 MDI Gurgaon – Recognised and accredited by AICTE, Management Development Institute Gurgaon came into operation in 1972. Currently, it ranks 11th as per NIRF Ranking 2021.

 Indian Institute of Management Bodh Gaya offers an Executive Certification Programme in Business Management for professionals. It covers several advanced modules and concepts like Economic Environment and Managerial Economics, Group Dynamics, Team Management and Leadership, Operations and Supply Chain Management, Marketing and Consumer Decision Making, Financial Management and Forecasting, Strategic Management, IT and Analytics, Design Thinking and New Venture Development, Management Consulting, etc.

 So, if you are looking for a professional and career-oriented management course, IIM Bodh Gaya programme nails your search down to a stop.

To know more: https://timestsw.com/course/general-management/iim-bodh-gaya-executive-certificate-programme-in-business-management/

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Building a Promising Career in Product & Brand Management

A product/brand manager is responsible for delivering a differentiated product in the market. Everyday multiple products get launched into the market, and hence, one needs to be careful in determining which product needs to be created and how to market in order to stand it out from the rest and make it a success.

A product/brand manager must be adept at making strategies and taking informed decisions based on analytics, volatile market conditions, finances, and other aspects that matter. To master the important functions of product & brand lifecycle, one must take up a professional certification programme in product & brand management, from a reputed institute.

Become an Adept Product & Brand Manager

        Product and Brand Management: Two sides of a coin

        Why do companies value product and brand management certification in India?

        How can a product and brand management course benefit?

        Enrol in the right Product and Brand Management program

Key Highlights

        Product Manager and Brand manager are two different job roles but are closely related to each other. So, if you master both, you not only enhance your knowledge but also brighten your career prospects. Employers consider such candidates a great asset and won’t think twice before hiring or promoting them.

Product/Brand Manager’s salary in India ranges from ₹ 5.5 Lakhs to ₹ 40.8 Lakhs with an average annual salary of ₹ 18.8 Lakhs.

Product and Brand Management: Two sides of a coin

Brand Manager's and Product Manager's roles are related and overlap in many aspects. Both are responsible for key aspects of the product as well as the brand. They need to work in tandem with each other and also with the product development team and the sales & marketing team.

The day-to-day job of a typical product/brand manager will vary according to the size of the company. Nevertheless, on most occasions, product managers work in larger teams. While analysts, researchers, and marketers assist them in gathering information, the designers and developers handle other key functions of the product lifecycle like designing, developing, testing, etc.

A brand manager needs to create awareness about the product and brand, encourage consumers to perceive the product positively, and associate with the brand. For this, he/she needs to understand the target audience, comprehend performance metrics, analyse consumer behaviours, build brand loyalty and brand positioning strategies, and implement various sales and marketing strategies like influencer marketing, events, and advertising campaigns to build a powerful brand.

Why companies value product and brand management certification in India?

An article on Inc.com says, "According to Harvard Business School professor Clayton Christensen, there are over 30,000 new products introduced every year, and 95 percent fail."

So, hiring a sloppy product/brand manager could be the worst mistake any company would make.

Product and brand management go hand in hand. Today, companies know the value and need of developing a good product that has market demand and needs. They are also aware that a good product cannot be a success without seeing the light of the day. This is where marketing and brand building plays a major role.

To ensure that their branding budget is well spent, and the product is a huge success, companies want the best product and brand managers who can exceed their expectations. Doing the right course from a reputed institute to upskill your knowledge will make you the best and take you places.

How can a product and brand management course benefit?

There is a constant change in consumer behaviour that happens with respect to any new product in the market. So, product and brand managers need to be on their toes as one small mistake or ignorance can cost huge to the company. Companies these days don’t want to risk hiring product managers/brand managers who are not capable or well-informed.

The demand for qualified product and brand managers is also high due to the increasing number of start-ups.  With the right program, you can learn all the key aspects of product and brand management. Some are listed below.

Product Strategy Development refers to the methods and actions used to bring new products to a market or modify existing products to create a new business.

Before launching the product, it is imperative for the product manager to verify the key features of the product, the requirements of the market, and the unique selling proposition of the product. The manager needs to follow some essential steps to develop a successful product strategy.

        Consumer Behavior:To become an efficient product/brand manager, it is important to comprehend what the customers want and what sorts of issues, habits, as well as preferences they have. Knowledge of consumer behaviour can be of great help while formulating marketing strategies. It can greatly reduce the odds of bad decisions and market failures.

        Apart from understanding the customers before building the product, a product and brand manager must also comprehend their response after the launch of the product. The manager needs to analyse the pain points of the users as well as where they are dropping off.

        Product Sales Management:A product and brand manager needs to know how to inspire and guide a sales department in the best possible way. A sales management strategy is of prime importance in case you want your business to be successful. An effective sales management system will enable you to stay in tune with the present industry and survive in a competitive environment. Here product Positions & Branding, Pricing Models & Strategies play a key role.

        Add-on Skills: The competition and market for the companies are fierce at present. Apart from domain knowledge, the course equips you with skills like leadership, critical thinking, analysis, persuasion, innovation, influencing abilities, creativity etc.

The course will help you set and monitor key KPIs like customer conversion rate, customer acquisition expenses, features usage, Net promoter score, user churn, as well as customer lifetime value.

Enrol in the Right Product and brand Management Program

An advanced product and brand management course will equip you with the skills and knowledge required to manage all the key functions involved in the product and brand development process.

The right course will help you gain in-depth knowledge and practical exposure as well.

IIM Kashipur offers the best executive certificate program in product and brand management. This program is ideally suited for Executives who want to develop a strategic mindset that revolves around product strategy as a path to business growth. Mid to senior-level professionals working on product development, product management or product strategy roles and professionals from across functions who are a part of the product's life cycle directly or indirectly may apply for the program.

The course will help you:

        Understand Key concepts relating to product and brand management

        Understand concepts like NPD (New product development), Branding Building, Corporate Branding, Service Branding, Assessing Growth etc.

        Understand and measure the financial impact of NPD and branding.

        Understand how to implement different product and brand strategies etc

To know more: https://timestsw.com/course/iim-kashipur-executive-certificate-programme-in-product-brand-management/

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Why Product Management & Brand Management Go Together

Though at the core, product and brand management have a close connection with a product or service; yet both are different and offer value to customers in their way.

While product management offers an inferred extrinsic value for choosing a product and is measurable, brand management usually focuses on communicating intrinsic value i.e. perceived value for choosing a specific product over another. A product cannot be a success if any of the two areas is weak. If you know both, you will certainly have an edge over your peers.

Doing an Advanced Product and Brand Management Certification from a well-known institute will certainly add to your credentials making you the first choice of employers.

Push Your Career with A Certification

        Product & Brand Management Connection

        Product & Brand Management Certification is Worth it

        Why Become a Certified Product/Brand Manager

        Register in IIM Kashipur’s product and brand management certification

Key Highlights

        Product Managers are responsible for discovering, developing, designing, launching and marketing a product. In the process, they have to engage all of the relevant stakeholders (which includes the whole business operation) and make sure that their Product Vision is respected by them.

        Brand people come usually from creative backgrounds, where they try to combine user research, psychology, and design to find out what matters the most for potential audiences.

Product & Brand Management Connection

Product management focuses on designing the features of the products and services, whereas brand management focuses on building the perception of the product or service in the minds of the target audience. Product management works on creating value propositions that fetch tangible rewards.

On the other hand, brand management emphasizes on creating an intuitive value proposition to improve the way potential customers look at a product or service. Brand management caters to customers’ desires and experiences. However, it needs to be emphasized that to make any product a huge success brand management cannot be ignored.

There is no doubt about the fact that a product and brand management certification is a worthy investment since there is an increasing demand for product managers right now. On many sites, we see that product managers are referred to as the “mini-CEOs” and very fittingly.

They are responsible for ensuring that the lifecycle of a product goes seamlessly from product idea to its launch and beyond i.e. branding. It is branding that affects the buying decision of consumers to a large extent. So, it certainly makes sense to know this facet in today’s highly competitive age when new products are launched almost every day.

Product & Brand Management Certification is Worth it

There are various certificate programs in product management, but a course that covers both product and brand management certainly is a wise choice. Why?

Whether you are a brand manager, product marketer, business leader, or entrepreneur, this certificate course will help you enhance your product or brand’s market value.

Post completion of the programme you will gain expertise in making critical decisions about brand repositioning and extension. You will learn the important facets of analyzing, understanding, and managing your product and brand for generating long-term value as well as the highest success.  You will not only understand the customer’s approach but will also be able to manage customer engagement efficiently. That’s not all! You will dive deeper into the business impact of product and brand management initiatives and systematically strategise plans to excel in the field.

Why Become a Certified Product/Brand Manager

The benefits of becoming a certified product and brand manager are immense.

With the right professional qualification, you would be able to grab your dream position like senior product/brand manager or a product and brand Director. With a senior role comes lucrative salaries.

        The average salary for a Product and Brand Manager in India is ₹1384421(Unspecified Type).

        The average salary for a Senior Product/Brand Manager in India as per Payscale is ₹2454820.

        The average Annual Salary for Directors as per Ambition Box is ₹ 16.0 LPA. The salary range is ₹ 5.3 Lakhs to ₹ 35.0 Lakhs.

So, this highly in-demand qualification will leverage your resume and allow you to stay ahead of the competition.

You will be learning the new-age product/brand management concepts and gain the confidence to manage the product lifecycle effectively. Apart from this, you will learn about the frameworks, templates, and strategies employed by top-notch product/brand managers.

During the course, you will come across people in this field just like you. You might also get to meet industry experts like company founders, Group Product Managers or CEOs, and CPOs. Establishing connections with them will prove fruitful in the long run.

Getting a product manager certification will be a fantastic way of enhancing your credibility and advancing in your profession. It will help you make inroads in your profession and rise high in your career, earn credibility in your niche, display mastery with advanced knowledge of core concepts, and stay ahead in the competition.

Register in IIM Kashipur’s product management certification

IIM Kashipur’s product and brand management certification brings immense value to your CV. It enhances your professional capabilities and gives you an edge over others. You will be perceived among the top candidates for hiring and promotions thus improving your credibility in the job market.

The course will help you:

        Understand Key concepts relating to product and brand management

        Understand concepts like NPD (New product development), Branding Building, Corporate Branding, Service Branding, Assessing Growth etc.

        Understand and measure the financial impact of NPD and branding.

        Understand how to implement different product and brand strategies etc.

IIM Kashipur is Ranked in the Top 50 by NIRF which speaks volumes about how it will boost your career. The course offers a perfect combination of Product & Brand Management. Once you complete this programme, there will be no looking back.

To know more:

https://timestsw.com/course/iim-kashipur-executive-certificate-programme-in-product-brand-management/

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Understanding Data Science and Decision Science Domain

Data Science and Decision Science are interrelated yet different and new-age concepts. They are much needed and used in today’s fast-evolving business ecosystem where newer trends and technologies are replacing the older methods of functioning.

Employers are looking to employ qualified professionals as this is a relatively new domain. A certification from a reputable institute will add value to your resume and enhance your credibility in the job market. It then becomes imperative to take up an Advanced Certification in Data Science and Decision Science course to be the first choice when it comes to hiring or promotion.

Data Science and Decision Science (Article Index)

        Need Of Data Science Today

        Need Of Decision Science Today

        Data Science Vs Decision Science in A Nutshell

        Decision Science and Data Science Jobs

        Benefits Of Advanced Data Science Course By IIT, Delhi

Key Highlights

        In this era when there is a surging demand for data scientists and decision scientists in India, it makes sense to go for professional certification for an upward career graph.

        The benefits that you can get from an advanced data science course like the one offered by IIT Delhi range from career advancement, lucrative pay, confidence to face job challenges, enhanced trust of company heads, etc.

        Decision Science Manager salary range is ₹11.2 Lakhs to ₹ 69.0 Lakhs and the average annual salary is ₹18.7 Lakhs.

        The Data Science Manager’s salary range is ₹ 13.5 Lakhs to ₹ 45.8 Lakhs and average annual salary of ₹ 29.1 Lakhs.

Need for Data Science Today

Data science is a field of study that uses math and technology to extricate deep insights from a large amount of data. It is primarily done using analysis, perception and computations based on mathematics. It aids organisation in becoming more informed and efficient and thereby generates more business by identifying the business opportunities at hand.

The common applications of Data Science are many. They are used by establishments for various purposes like analysing customers' behaviour, detection of frauds, management of risks, trading in stocks, adverts that are targeted, personalisation of websites, service to customers, predictive maintenance, management of supply chain and logistics, recognition of images and speech, processing of a natural language, diagnosis of medical problems and cyber security.

It has gained prominence because of advancements in technologies, a large amount of data and businesses going online apart from other factors. It is fast becoming the base for business decisions in several industries today. This is why data science is hogging the limelight in recent times.

Data is of no use if it is not analysed by intelligent minds to reach informed data-driven outcomes. Hence the role of data scientists is of immense importance these days. Thus, the demands for data science and capable professionals in this domain will continue to increase at an alarming speed in the very near future.

With so many applications in almost all industries - whether big or small, data science is required to analyse the available data and make decisions based on those analytics. It helps to determine and comprehend the market trends, make the losses minimal, and translate them into big profits. A degree in Advanced Data Science Course plays a key role in getting a firm foothold in this domain.

Need Of Decision Science Today

Decision scientists make use of comprehensible data to arrive at decisions that prove useful in the long run. Since decision scientists are not easily available due to a lack of specialised training, their demand is higher. If you know both, your chances of growth multiply by manifolds.

This field uses quantitative techniques. Previously, it was named operations research or management science. This domain utilises skills like mathematics, business understanding, technology, design thinking, and behavioural sciences.

It is about making the best suitable choices as per the data /information available. It includes normative analysis, risk analysis, cost- analysis and other key aspects that matter to the business. It also involves microeconomics, social and cognitive psychology, management control and computer science.

Decision Science has been very useful in various businesses and its management, law and education, to bring regulations in the environment, military science, private healthcare, and public health and policies enhancing retail industry sales, proving useful to the banking industry, changing the aviation industry, transportation, communication and so many more.

With the accumulation of data, you are equipped to take actions that might prove to be beneficial for your business. But to make full use of this data efficiently and effectively you require decision science. It helps to use that data to very good use to make business decisions that are vital for it.

Why Both Data Science And Decision Science

In today's competitive and changing business landscape, the success of a business lies largely on the decisions it makes. Understanding the importance of both data science and decision science, businesses certainly value someone knowing both data science and decision science. Alternatively, they would hire decision scientists as well as data scientists to direct managers to take decisions that help in improving their bottom line. Having the right people in the decision-making role ensures a strong business strategy.

This makes it necessary for those interested to build a career in this domain to do a specialised Data Science Certification course from reputed institutions like the IIT Delhi. This course covers both verticals i.e., data science as well as decision science.

It is all the more important because several studies and reports suggest that businesses are investing heavily in data analytics. The data that is sourced will help them understand various facets of business like the personalities of their customers and their expectations.

Data Science helps in marketing the products better, acquisition of customers for the business, aiding in innovation for the organisation to tracking the performance better with better products. Moreover, strategic decisions result in increased ROI which is the ultimate goal of every business.

Data Science Vs Decision Science In A Nutshell

Although both are interrelated there are some major differences that mark them as different from each other. Data science analyses data that is an instrument of innovation while decision science uses that data to help make better decisions. With regard to purpose, data science gives a deep perception of structured or unstructured data while decision science works to unearth that insight boosted by the data.

Data Science And Decision Science Jobs

The type of jobs available in Data Science - Data Analyst, Decision Scientist, Decision Science Managers, Data Engineers, Database Administrator, Machine Learning Engineer, Data Scientist, Data Architect, Statistician, Business Analysts and Data and Analytics manager.

Enrol for the best Data Science Courses Online and land your dream job to become a Business Analyst, Software Developer, Data Scientist and Data Analyst.

Benefits Of Advanced Data Science Course By IIT Delhi

IITs all over the country are very prestigious institutions where it is the dream of every student to enter. So, if you have the chance of studying one of the advanced certification courses from IIT Delhi then you will be lucky enough to land your dream job.

A Data Science Course from the institute will help you understand business analytics, develop an ability to solve problems by incorporating mathematical concepts, analyse the data and help the business to move ahead in the right direction despite tough challenges and competitive times.

To know more:

https://timestsw.com/course/iit-delhi-advanced-certification-in-data-science-and-decision-science/