NEWSLETTER OCTOBER 2015

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YUKTA’15 STUDENT ACTIVITIES

INDUSTRIAL VISIT

UPCOMING EVENTS

EASWARI ENGINEERING COLLEGE

THE DEPARTMENT OF MANAGEMENT STUDIES

EASWARI ENGINEERING COLLEGE DEPARTMENT OF MANAGEMENT STUDIES

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‣ YUKTA

‣ WORKSHOPS

‣ INDUSTRIAL VISIT

‣ ARTICLES

‣ JOURNALS PUBLISHED

‣ PLACEMENTS

‣ STUDENT ACTIVITIES

‣ UPCOMING EVENTS

EASWARI ENGINEERING COLLEGE DEPARTMENT OF MANAGEMENT STUDIES

INDUSTRIAL VISIT FOR 1ST YEAR STUDENTS

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On 8th October, 2015

The MBA first year students were taken for an industrial visit to ‘THE COCO-COLA FACTORY’ located at Vellavedu, Thirumazhisai. They were given a warm welcome and the class was divided into two groups and were taken for a visit inside the factory. The production process,quality procedures & OHSAS(health & safety) were explained clearly by the working professional. It was a fun-filled educational trip.

EASWARI ENGINEERING COLLEGE DEPARTMENT OF MANAGEMENT STUDIES

BUSINESS COMMUNICATION WORKSHOP

On 9th October, 2015

A workshop on business communication was conducted by the department. Mr. S.Banu Kumar, founder of win vinaya info systems and a member of MMA was the resource person, who has more than 25 years experience in risk management , quality control, operations conducted an effective workshop for the students. The main area of the workshop was how to communicate effectively in a work atmosphere.

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EASWARI ENGINEERING COLLEGE DEPARTMENT OF MANAGEMENT STUDIES

STUDENT’S ACTIVITIES ONE DAY NATIONAL CONFERENCE

@ CRESCENT BUSINESS SCHOOL Oct 6th,2015

‣ M B A s t u d e n t s participated at   Crescent Business School  ,One Day Na t i ona l Con fe rence On"Career Choices of B-School Students:Discover the Pride”

‣ 13 students participated in the following events 1. Career Motivation talk ,2.Stress Management for Teenagers ,3.Career Choices, 4.Dream Sharing, 5.Paper Presentation by research scholars and professors , 6.Role play by Crescent students

‣Vishnu Durgha Prasaad & Vijayawarman- presented papers O n t h e To p i c " S o c i a l Networking: Its Impact on

Student's Psychology” under the guidance of  S.Chandrasekaran AP-MBA

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EASWARI ENGINEERING COLLEGE DEPARTMENT OF MANAGEMENT STUDIES

STUDENT’S ARTICLE Bank of Baroda’s Rs 6000 crore forex scam

The alleged Rs 6000 crore forex scam has stirred up a hornet’s nest for the country’s banking sector. While the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) investigate, the money laundering case gets all the more murkier.

10 things to know about the Bank of Baroda forex scam

1. It was alleged that a whopping Rs 6,172 crore black money was remitted from Bank of Baroda to Hong Kong camouflaged as payments for non-existent imports like cashew, pulses and rice. The amount was allegedly deposited in 59 accounts in cash as advance for imports that never existed. On October 12, 2015, CBI and the Enforcement Directorate started investigating the matter.

2.  It is also alleged that the amount was deposited in 59 accounts of the bank’s Ashok Vihar branch (New Delhi) in cash as advance for import and the money was sent to some select companies in Hong Kong.

3. The branch opened 59 current accounts from May 2014 to June 2015 through which large foreign exchange remittances were made, the Bank of Baroda said in a regulatory filing.

4.  During this one year, a total of 5,853 outward foreign remittances aggregating USD 546.10 million (around Rs 3,500 crore) were made through 38 current accounts to various overseas parties numbering some 400, mainly based in Hong Kong and one in the UAE.

5. Remittances were sent to Hong Kong and Dubai via banks, actual exports were sent to Afghanistan. “The records show that the alleged exports were sent to Afghanistan but invoices were generated by Hong Kong importers. It is now a matter investigation as to who received them in Afghanistan and what the exports were linked to,” said an ED officer.

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EASWARI ENGINEERING COLLEGE DEPARTMENT OF MANAGEMENT STUDIES

6. Much before 59 accounts, which are under the scanner of the ED and the CBI, were opened in Bank of Baroda, 13 accounts were opened in HDFC Bank during February-March 2015 to send money abroad.

7.  Reacting to the developments, an HDFC Bank statement said: “The matter is being examined internally on top priority. The bank is also extending its full cooperation and support to the authorities. The bank has a zero-tolerance policy for any misconduct on the part of its staff.”

8. P S Jayakumar, the former chief executive of VBHC Value Homes took charge as the new MD and CEO of the of the scam-hit Bank of Baroda for three years on October 13, 2015. BoB had remained headless for the past 14 months.

9. Finance Minister Arun Jaitley  said the magnitude of the alleged black money transfer through state-owned Bank of Baroda (BoB) will only be known after completion of the multi-disciplinary probe.

10. On October 12 as many as six persons, including Garg and Dubey were arrested on charges of criminal conspiracy, cheating and provisions of the Prevention of Corruption Act. The other four arrested, include Kamal Kalra, working with the foreign exchange division of HDFC bank, Chandan Bhatia, Gurucharan Singh Dhawan and Sanjay Aggarwal.

SUBMITTED BY :

AKSHARA B

2ND YEAR,

MBA.

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EASWARI ENGINEERING COLLEGE DEPARTMENT OF MANAGEMENT STUDIES

FACULTY ARTICLE EMPLOYABILITY SKILLS OF STUDENTS

INTRODUCTION

Almost 70% of the Indian industry layers are facing difficulties to find the right talent as about only 25% of the talent pool which consists of educated youth is employable.

We produce about 1.7 million engineers in India every year and unfortunately only 15-17% of them are employable. Further, as per various surveys done outside India on employability, Indian students did very well academically but they were ranked quite lower in employability when compared to students of US, UK and Germany. Indians were found to be taking longer learning time when they join organizations and hence less prepared for jobs.

It is important to understand what leads to a situation where the talent available is in plenty but very few takers of the talent. After having interacted with students from a lot of institutions over the years, here are some of my inputs on how we could prepare students better for taking up and succeeding in jobs at a faster pace.

DOMAIN KNOWLEDGE

Domain knowledge and performance in academics is very important as far as recruitment and selection process is concerned. This is because academic performance is an index of the student's involvement in his studies, which is supposed to be his core activity during student days. It also indicates the student's focus on goals and achievements, which are quite important in today's organisations which are fiercely competitive. Reasonably good marks are an indication that the student has concentrated on the core purpose of being in the institution.

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EASWARI ENGINEERING COLLEGE DEPARTMENT OF MANAGEMENT STUDIES

BODY LANGUAGE

A lot of students need to develop effective body language which conveys confidence and maturity so that they do not stand out for the wrong reasons at work. Culturally, Indians have some issues in this area. For example, respect for elders is one of the virtues of our culture and hero worship has been the central point of all our scriptures. Some manifestations of those are - we don't feel comfortable to look into the eyes of our seniors, we do not ask questions very often fearing that it could be misunderstood as defiance. We obey rules and directions without many times having the slightest idea of why we need to follow them and whether something could change keeping the contemporary scenario in mind. Appreciative enquiry is a healthy professional habit and we often fall short on that thereby losing the opportunity to expand our thinking and take all round perspective at work. We also end up suffering bad leadership due to this mindset. Many students coming from rural background are devoid of confidence and in fact are nervous in the way they present themselves even though they have very good knowledge. Lack of exposure makes them feel inferior and that is visible in the body language like shaking legs, twitching of fingers, excessive use of hands to express their point of view, defeated look on the face, defensive statements like "I am from a poor background", "I have never seen a city in my life", "I have struggled a lot to reach this stage", etc. which may all be true but give the impression that the student wants sympathy for his achievements. Most selectors understand the struggle of students very well and do not make choices only on the basis of how "smart" a student is and therefore the more at ease the student is, the better is the perception of the selectors.

EXTRACURRICULAR ACTIVITIES

It's quite important to involve in activities other than studies which have a social impact such as sports, quizzes, innovation clubs, reading clubs, student exchange programs with institutions outside India, AISEC, SPIC MACAY,... etc. These activities develop personality in a very

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EASWARI ENGINEERING COLLEGE DEPARTMENT OF MANAGEMENT STUDIES

positive way as they teach quite essential skills such as - skills of working together, sharing things and knowledge, complimenting each other for success, expanding one's thinking and many more. As a result, the young person with additional social inputs and better interpersonal skills can think more innovatively, therefore feels more confident. This social and cultural capital provides the enough confidence and ease, which can impress the selectors.

PRACTICAL KNOWLEDGE

There are numerous employment opportunities in manufacturing sector but the biggest obstacle is that the young students do not possess hands-on technical knowledge to fit to those jobs. Many engineering and vocational institutes lack infrastructure, allocate limited time slots to learn in workshops. Students know more from books than the practicals, which means they don't understand the subject much. Good companies lay a lot of emphasis on sound practical knowledge. SUMMER INTERNSHIPS /WINTER INTERNSHIPS

One of the biggest challenges for companies is to make the young hire and make them productive at the earliest. Almost all good companies run boot camps for new joiners to help them understand their company and their entrusted responsibility in detail. This is to compress the learning time as much as possible so that fresh recruits start delivering value in the organisation. Indeed students can bring down the employers' burden by earning corporate experience during their studies by taking up summer and winter internships. It doesn't matter even if they are unpaid. These internships usually last for 6-8 weeks where the student works in an organisation on a live project and has to deliver results within that short time. This gives a phenomenal exposure to the student on work life and the complexities and challenges of working in organizations. Such internships prepare the students for the life ahead and therefore, when they join an organization, they will have a soft landing and can adjust much faster compared to the greenhorns. If the organization is happy with the student, chances are very high that they offer

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EASWARI ENGINEERING COLLEGE DEPARTMENT OF MANAGEMENT STUDIES

employment to the student.

PROVIDE ADEQUATE INFRASTRUCTURE

The foremost thing an institution can do and must do is to ensure that their facilities match the number of students they intake. For example, there is no use of admitting students and providing them lab facilities for 1 hour in a day or a week. A lab is a place to experiment and if the student has limited access to it, how can we expect the students do develop innovative mindset? Crucial infrastructural facilities include would mean a lot of things like class rooms, seating capacity, inspiring library facilities, recreation facilities, open spaces for collaboration, internet facilities for communication and learning, hygienic toilets, canteens, etc.

QUALITY OF FACULTY

Institutions have to pay attention to the quality of faculty as this will either create a positive or negative perception, which will go viral among the student community. It's heartening to note that several colleges now have implemented a feedback system of faculty and their engagement with the institution depends on their performance. Once an institution hires a faculty, it's their job to groom them, give them more learning and consultancy opportunities to broaden their perspectives of application of theoretical knowledge. Teachers too need opportunities of reward and recognition too like any other professional to feel motivated to give their best. INDUSTRY-ACADEMIA INTERFACE

Of late, this aspect is becoming a very important aspect of academic institutions. Academic institutions are meant to provide education and conduct research to fulfil the societal needs. Research helps to develop a spirit of enquiry and tests hypothesis of various phenomena in the world around us. It's very important that this happens on an ongoing basis to establish relevance of whatever is being taught and professed at academic institutions.

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EASWARI ENGINEERING COLLEGE DEPARTMENT OF MANAGEMENT STUDIES

In any subject, live insights come for practice. The question is - are institutions interacting enough with the industry to update themselves? It's also important to involve the corporates in curriculum development, validating existing syllabus and pedagogy to ensure its relevance and effectiveness. Faculty must get exposure to corporate world to ensure their efforts are helping build students to gain knowledge and experiences, which in turn will fare them better at work. ALUMNI MEETS

Alumni of an institution who are doing well professionally can play a very important role in helping students to prepare for the future. Academic institutions are slowly realising this fact and start creating Alumni bodies. These Alumni are the brand ambassadors of the institution in the professional world. Making oneself employable is therefore an all encompassing subject, which comprises the roles of the academic institution, industry support, students' motivation, intervention of experts and alumni to create the desirable change. If Indians can build and launch Mangalyaan successfully and can win the Noble prize, it fully endorses the fact that we have a strong head and heart and our youth can achieve anything they set out to with the support of proper ecosystems.

SUBMITTED BY : Prof. R.Vasudevan HEAD OF THE DEPARTMENT Management Studies Easwari Engineering College Bharathi Salai,Ramapuram Chennai-600 089 e-mail id-vasu_devan_mba@yahoo.Com Mobile No 98408 51793

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EASWARI ENGINEERING COLLEGE DEPARTMENT OF MANAGEMENT STUDIES

CONFERENCE & JOURNALS

FACULTY MEMBERS WHO PUBLISHED/PRESENTED PAPERS IN CONFERENCE, SEMINAR AND JOURNALS

1. R. Vasudevan has published a paper “Risk Management” on Banking, Finance, Business and Technology for Sustainable Economic Development in Global Market in the 6th International Conference held at Sri Sairam Institute of Management Studies that was held on 9th and 10th October,2015.

2. R. Vasudevan has published a paper “ E-Banking ” on Banking, Finance, Business and Technology for Sustainable Economic Development in Global Market in the 6th International Conference held at Sri Sairam Institute of Management Studies that was held on 9th and 10th October,2015.

3. R. Banurekha has published a paper “OMNI Channel Retailing” on Banking, Finance, Business and Technology for Sustainable Economic Development in Global Market in the 6th International Conference held at Sri Sairam Institute of Management Studies that was held on 9th and 10th October,2015.

4. Dr. Kavitha Shanmugam has published a paper on ”Emerging Market Nexus for Cross Listed Stocks: Empirical Evidence from India” in International Journal for Economic Research.

5. Dr. Kavitha Shanmugam has published a paper “ Viral Marketing – A Viral Growth” on Banking, Finance, Business and Technology for Sustainable Economic Development in Global Market in the 6th International Conference held at Sri Sairam Institute of Management Studies that was held on 9th and 10th October,2015.

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EASWARI ENGINEERING COLLEGE DEPARTMENT OF MANAGEMENT STUDIES

6. V. Gayathri (Author) and Asmita Biswas (Co – Author) has published a paper “A study on Stress management of Overseas Students” on “Innovative Management Practices for sustainable development and Global competitiveness “in a National Seminar Conducted at Pondicherry University association with ICSSR (New Delhi) that was held on 8th October,2015.

7. V. Gayathri (Author) and Asmita Biswas (Co – Author) has published a paper “ A Study on Stress Management of International Students in Chennai,India” on Banking, Finance, Business and Technology for Sustainable Economic Development in Global Market in the 6th International Conference held at Sri Sairam Institute of Management Studies that was held on 10th October,2015.

8. S. Purushothaman has published a paper “Retention Strategy – Factors influencing Employee Management” on Banking, Finance, Business and Technology for Sustainable Economic Development in Global Market in the 6th International Conference held at Sri Sairam Institute of Management Studies that was held on 9th and 10th October,2015.

9. G. Sathya has published a paper “OMNI Channel Retailing” on Banking, Finance, Business and Technology for Sustainable Economic Development in Global Market in the 6th International Conference held at Sri Sairam Institute of Management Studies that was held on 9th and 10th October,2015.

10.A. Chandrasekaran has presented a paper “Social Networking: Its Impact in Students Psychology” a National Conference on “Career Choices among B-School Students” organised by Crescent Business School held on 6th October,2015.

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EASWARI ENGINEERING COLLEGE DEPARTMENT OF MANAGEMENT STUDIES

PLACEMENTS On Oct 28th 2015 ,

BNY Mellon in Easwari Engineering College(EEC).The Off-Campus Recruitment was held in our college on 28/10/2015 where 175 students participated from 9 colleges. Eligibility was All Clear Students from Finance.They had conducted Aptitude test, Group Discussion, Technical Interview. 20 Students Cleared the Interview and got offer, in which 4 of our EEC Students has got the offer from BNY Mellon.

Akshaya.N, Suguna.M, Preethi Nandhita.K and Vanishree are the students who got the offers.

UPCOMING EVENTS

‣ Department of Management Studies will be conducting a Workshop for the First year MBA students by Madras Management Association(MMA) on November in Easwari Engineering College.

‣ Final round of “YUKTA” will be conducting for First Year MBA students on 1st week of November.

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EASWARI ENGINEERING COLLEGE DEPARTMENT OF MANAGEMENT STUDIES

EDITORIAL BOARD

CHIEF EDITOR Prof. R.VASUDEVAN, HEAD OF THE DEPARTMENT

EDITOR MRS. G.SATHYA, ASSISTANT PROFESSOR

STUDENT EDITORS DINESH RAJA K

KABILA J

KARTHIKEYAN S

NEWS COLLECTORS REEMA RAKSHIKA J

VIJAYAWARMAN G S

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