Oct 27

If there is management that could be beneficial for medical or health care professionals, it is none other than clinical management. Clinical management involves administration and supervision of data obtained during or after clinical research. Clinical manager looks after administration of clinical, clerical, professional and administrative staff. As pharmaceutical sector involves people having knowledge of medicines, chemicals, health hazards clinical managers need to have knowledge of medical science. Due to more and more expansion of pharmaceutical companies, employers today are inquisitive to hire deserving candidates for proper functioning.

Career in Clinical Management There are enormous opportunities as medical companies need responsible candidates to handle clinical management. Clinic managers generally work for doctor’s clinics, hospitals, care and health facilities, health improvement programs, blood donation societies and medicinal department. Due to health hazards such issues need to be efficient and in compliance with industry and government regulations. Management of patient records whether on small scale or large scale should be exact and acceptable. Data obtained may be by paper work or digital format. Sold machines, instruments, special devices etc. must acquire place in efficient database.

Other tasks of clinical manager include day to day administration, budget and staff control, conducting meetings, purchasing decisions and supervision. Comparison of collected data to study protocols, coordination and tracking management tasks for clinical studies, monitoring of data as per CRF’s guidelines, implementation and maintenance of data management plans, checking project teams’ status are other jobs to be performed by clinical manager. Even he can also play a crucial role in decision making group like, appraisal of staff, budget required for a project, team members, promotion etc.

To be the part of this sector, one should at least be a graduate from medical services or health care services. Girls can choose nursing, microbiology, dentist, physiotherapy or subjects defining medical stuffs. Even Bachelor of Science from a suitable stream can apply for clinical management course. During the course one goes thru several topics like, courses on health care law and ethics, health care administration, information systems for health care and case management, health care financial management, organization and management in health care. Interested candidates can pursue master programs after graduation or they can get certified in short term programs. Courses like, International Courses on Clinical Management of Drug-Resistant Tuberculosis, Post Graduate Diploma in Healthcare Management, PG diploma in clinical research, PG certification in clinical management are on peak these days.

Among most sought–after institutes CREMA (Clinical Research Education and Management Academy), ICRM (Institute of Clinical Research and Management) and ICRI (Institute of Clinical Research) top the list. Universities like Durham University, UK, Cranfield University, UK, University of Technology, Sydney are also appreciable options. Salary packages for fresher may vary from $40000.00 to $90000.00. There has been occurring constant growth in this very field so medical professionals must think about it to make future more proficient and opulent.

Oct 27

Before assigning a project to an individual, he is made proficient enough to understand ins and outs of the management job. It is achieved by giving him germane training. Before engaging an employee into a real development process, he must understand what and why about the job. He must me self motivated, stimulated and swift enough to adapt himself according to working environment. Training is required for self assessment of person’s capability and endurance. To build employees more attentive and more aware about the technology and policies, training is mandatory. There are different levels of training in an organization based on work experience, profile and efficiency of individuals. Whether new comers or working professionals; training is provided to every class of employee as per company standards. Based on department and skills required, training time period or methods opted may vary. For few departments, theoretical training is preferred whereas for others practical approach is preferred. Generally, combination of both the approaches is opted by most of the organizations.

Methods of Management Training A trainer is someone who is versed in his field and knows pros and cons about the method opted. While training people, trainers have to be enthusiastic, quick, dynamic, candid and a sensible explainer. It is his skills that bring out the best from trainers and make them result oriented. He plays an important role in both theoretical and practical approach. In theoretical type training various issues are covered like, demonstration of relationship among concepts, business writing tips, written or verbal information, understanding of various terms, client-company relationship, formal and informal knowledge etc. This theoretical method is also known as cognitive approach.

Cognitive approach may be practiced by several different methods: lectures, demonstrations, discussions, model presentation, slide show examples, computer based training etc. Among all the methods, the most common and efficient is giving lectures to a group of people. It basically aims to introduce trainers with purpose of training, topics covered, why training, benefits of training, direct interaction between trainer & trainee, on the spot doubt resolution, checking dynamism of candidates and fair discussion about the topic. Generally, trainers use printed material as a reference medium but lectures may also be based just on trainers’ knowledge and skills. It is a well known fact that ‘a picture is worth of thousand words’, demonstration and slide shows use very same concept. Real life solutions are shown visually to trainers to help them understand how actually a task is being accomplished. It is a great help to trainers to engulf things happening before them. It makes them more focused and diligent. Albeit, this method is little expensive but its results are immense effective. It is a great idea to conduct two way communications during the lecture in order to share ideas of both the parties. Few trainees may come up with a better approach and elegant solution for a task than explained by trainer, discussion between trainer and trainees make it possible. It makes atmosphere more competitive and lets individuals expose their skills.

Moreover, the kind of feedback and questions generated during the session conclude about understanding level of trainees. Gone are the days when computers were just dreams of people, today’s digital world exists in every home. Companies too are making benefit of it. Computer Based Training (CBT) simply means delivery of educational content by some digital medium like, internet, CDs, DVDs etc. Instead of training people together at a common place, trainees can go through these videos/digital content within a certain deadline. This makes trainee one to one interaction with trainer though discussion doesn’t look possible now. Moreover, trainees can learn anytime and anywhere. More than 75% management companies are concentrating on this kind of method nowadays. When a company looks after practical approach, it is termed as behavioral training. Such methods make them familiar with the real working environment. In this case, some real life tasks are programmed as a computer game and trainees have to find solution of such problems. Such computer programs are called simulators and seem extremely beneficial since trainees have to confront real world obstacles. Another elegant approach is assigning roles to trainees to be played for finding a solution of real world problem. For instance, defects in dispatched products, sudden strike of workers, delay in payment, conflict in project team etc. Analytical skills, Ethical skills, leadership and decision making power of trainees are examined by such role plays. Training methods prove to be equally beneficial for experienced or new employees. To build employees more competent and result oriented, companies want to leave no stone unturned and training is an essential part of their management program.

Oct 27

It is a well known fact all over the world that things can be sold quite easily on the basis of just brand name. Brand is something which reflects the quality of product. Brand management is all about raising standard of company by promoting a particular brand of a company and maintaining value of existing brands in the vision of customers. Undoubtedly, a good brand is enough to attract a bevy of people. Moving from the CEO to authorities having direct interaction to customers, everyone in the hierarchy is responsible behind a value of particular brand. A good brand remains in the memorabilia of customer. It is the responsibility of experts in Brand Management to maintain such distinctiveness among a group of people. A branded product remains in the good books of the people and they should be all eyes or all ears to catch these branded products. Be it cosmetic products, electronic goods, mechanical devices, textile products, computer software or food stuffs; a brand name exists everywhere. Brand is the single word description of quality and price of a product. To differentiate yourself in this competitive and challenging environment, a good brand by your organization is like apple of one’s eye.

Career in Brand Management Brand management focuses on defining the brand, raising its value and maintaining its image thereafter. It is an art and imagination of manager to make a brand special among all and sundry. Application of various marketing strategies so to obtain a reliable and commendable standard to your company is a powerful feature in brand management. It gives you identity and values to your organization. Brand Management has aim to impress customer with its various planning and strategies. In simple terms, it is something that strengthens you for capturing market by making a room in customers’ mind. They should think you confidently as an acceptable solution for their problem.

In short, Brand Management is combination of creating promise, making promise, keeping promise and maintaining that promise. When a customer buys your product, he has trust on your commodity. It shows trust is the essence to give fragrance to your brand. It is a critical stage for further making relationship with customer more robust and flexible. The logo, title song, pictures, ambassador etc. all constitute brand a huge success. People should frame an image of your brand the moment they hear your title song, or watch logo of your brand. Considering anything, almost every brand holds its place in its class. Be it automobiles, software, electronics, travel & tourism etc. every sector has some famous names associated with it; the ultimate kings of sector.

There are many colleges across the globe offering courses in Brand Management- Regent College, London, UK, Kansas City Art Institute, USA, Nottingham Trent University, UK, Brunel University, UK.

Oct 27

Earning profit, satisfying customers and maintaining position in the market is an ultimate goal of every industry. Business Management is a one word to describe every kind of administration involved in the company to achieve this goal. Be it inventory management, brand management, operation management, marketing or human resources management; business management is combination of strategies implemented to achieve satisfactory target after all processes. It involves several stages like planning, researching, organizing, testing, selling etc. To see business progressing by leaps and bounds, company has to take care of customer values, environmental issues, moral and ethical actions. Business management aims to thrive continuously and obtain fecund results. It requires several different resources with the passage of time as company’s production, policies, value and revenue generation vary with the time. What is selling like hot cakes today may be a base coin tomorrow. Therefore, a business manager needs to analyze market demands and product value consistently. It is his dynamism that makes company a brand before a class of customers. Giving such type of opportunities, today business management has become one of the most demanding courses across the globe.

Career in Business Management The kind of status, scope, opportunity and remuneration one acquires in business management is really difficult to find somewhere else. This field has dramatically opened limitless opportunities for young fellows. Moreover, a young professional can bump up his career graph with his extraordinary skills and experience of just few years. It is a field where you can expose your skills facing practical problems. It is an achievement oriented line where your industry and deftness stand before your experience. As the globalization is expanding, people of different cultures are migrating from their native places. With the advancement in technology, new techniques are making room in industries. There are occurring changes in communication medium, manufacturing and communication technology. New inventions are creating world closer and simpler. Innovative ideas are on the peak and every organization is inquisitive to hire managers with different thoughts. People with a mind set to bring a change for amelioration of the world are always in priority list of companies.

There are many areas available for fresher in Business Management. Few of them are: Personal Management or Human Resource Development, Production and Operation, Finance, Management Information Systems (MIS), Sales and Marketing etc. Business management is a backend of every kind of management like, International Management, Public System Management, Operational Research, Management Consultancy, Rural Management, Forest Management, Hotel Management etc.

Interested students can make career in this field either at graduation level or post graduation level. Bachelor of Business Administration (BBA), Bachelor of Business Studies, and Bachelor of Business Science etc. can be pursued at graduation level. Although commerce or economics students are generally preferred but science or arts students are equally beneficial. MBA from Business Management is highly recommended course nowadays. BE, BCom, BBA, BSc. all stream professionals can apply for this course. CAT/MAT/XAT is entrance exam for admission in different institutes. IIMs at Ahmedabad, Bangalore, Kolkata, Lucknow, Indore and Kozhikode (Calicut) are most reputed institutes for this course in India. Prominent institutes all around the world are: Melbourne Business School, University of Adelaide, London Business School, Manchester Business School, and University of California etc. Salary packages have always been handsome for MBA aspirants. It may start from Rs 20000 per month to Rs 1,50000 per month. Few MNCs have also offered even $40000.00 to $80000.00 depending in your institute grade and your deftness.

Oct 27

A disaster is a serious desolation of society, environment, resources, people and confidence that affects a wide area alarmingly and create havoc for the development occurred in past. Animals, human beings, greenery, atmosphere almost everything become the victim of this serious ailment. It is like a monster that engulfs everything struck during its course and makes a prosperous place into barren junkyard. People have to lose their lives just for nothing. Moreover, even alive people have nothing to cherish seeing such a huge devastation of city, family, friends and money. There can be either natural disasters or manmade disasters. Natural disasters can be like earthquake, floods or tsunami that assault suddenly or they may spread slowly like drought or famine. Compared to manmade disasters, natural demons are more intense and terrible. To control, check and restrict such disasters if possible is handled by disaster management. In simple terms, Disaster Management is combination strategies which try to avoid, reduce, administer or vanquish any catastrophic calamity that may harm a group of people. Identification of disasters, making plans, installing plants and taking appropriate action on appropriate time are major tasks of disaster management.

Career in Disaster Management Due to constant change in Earth’s ecosystem there has occurred a spurt in ecological imbalance. Several countries across the world have noticed sudden changes in their water cycle. Climatic changes, melting of glaciers, uneven rainfall, sliding of tectonic plates, rise in sea level, acid rain etc have starting shown worst phase of them. Due to such actions, several countries have marked few areas as vulnerable for particular type disaster for instance, intense cyclones in Taiwan and Philippines. Such a dreadful face of nature has warned every nation and now every country concentrates on areas of disaster management.

It is appreciable to be ready for relief and rescue operations after such an accident. But, Disaster management aims to be prepared handsomely before disaster so as to lessen or minimize the impact of disaster.

Professionals of this field constantly ponder over and alert people about preventive measures. They guide people about several tools and technique to be used at the time of adversity. As disasters occur suddenly and swiftly, there is a need of 100% accuracy and pre planning against the cause. Thus, students having interest in logistics, information and communication technology, supply chain management and health science can make a future in disaster management. Whenever disaster strikes, it is in full swing. The same is expected from the preventive actions. Either an interested student can pursue certification in this field after 12th or he can join MBA after graduation. There are institutes that offer diploma and PG diploma courses as well. Working professionals are preferred due to their experience and knowledge.

After doing MBA, one can have job either in government sector or private sector as both the societies demand an expert in disaster management. You can also frame a better future by training, teaching, researching or joining a consultancy firm. Every construction firm consults disaster related probability before actual design. Therefore, you can be an adviser to such sectors also. Moreover, to save country’s real wealth there are number of NGOs across the nation, you can also be a part of NGO like Red Cross. There are enough opportunities almost everywhere as country’s security and safety is paramount.

A fresher may receive Rs 15000 per month to Rs 50000 based on the kind of work profile. Experienced professionals have also acquired $60000.00 to $90000.00 per annum for international projects. Few institutes that offer courses in this field are- Jamsetji Tata Centre for Disaster Management, TISS,Mumbai, Guru Gobind Singh Indraprastha University (GGSIPU), International Centre of Madras University, University of Madras, Chennai. Sikkim Manipal University of Health, Medical and Technological Sciences Gangtok, Sikkim.

Oct 27

If you are imaginative, package of innovative ideas, industrious and a good manager, event management is your field to work in. Event management is such a stream which demands unique ideas, adaptability with the time, dexterous and decisive minds, strong network, awesome communication skills, impressive personality and a lot of hard work. The biggest advantage of event management is that it doesn’t demand you to have specialized degree in particular area. Event management just seeks your dedication towards work with the above mentioned qualities.

Career in Event Management In past few years due to globalization and modernization, this world has shrunk but opportunities have spread. Now more and more companies are visiting different nations of the world that raises chances for every class of business. Instead of conducting several arrangements by themselves regarding clients meet, annual meet, award ceremony or any kind of event, companies now have started hiring event managers that look for such stuffs. Either personal event organizing companies or a particular department can be handled such a responsibility. Responsibilities such as venue selection, content management, concept design, logistics, negotiation, marketing, customer service, stuff management all are managed by Event Management Company. Since organizing a successful and laudable event requires extreme attention and enormous efforts, this field needs a real cognoscente of organizing events. A cynosure for the team having an impressive personality pulls attention of other teammates and lead towards a specific goal. Such a master of field is first requisite of Event Management. In addition to that out of box thinking, clear and precise goal, deep understanding and careful planning are other essentials for organizing event successfully.

Since event management totally depends how unique your arrangements can be, you need to learn constantly due to competitive wind spreading with the passage of time. Time management, thorough communication, sound planning and control of resources make an individual ideal candidate for this field. Although there is a vast scope in this stream but constant hard work, dynamic nature and ability to learn things fast are quite necessary for it. But once the event becomes successful, it is extremely complacent and soothing for everyone. There is an array of departments where event management is practiced like, fashion shows, musical concerts, corporate seminars, wedding celebration, exhibitions product launching etc. Due to dramatic enhancement in opportunities of this field, its total revenue has risen to 100 times in last 10 years. Presently, this field is booming high across the globe.

The great thing about event management is that it can be experienced by anyone just being a graduate from any stream like, BBA, BCOM, BE etc. Albeit one doesn’t need any special degree or certification in event management yet there are some institutes that offer courses particularly in event management. Few most famous colleges are Event Management Development Institute, IES Management College, Mumbai, Indian Institute of Event Management, Mumbai, Amity Institute of Event Management, Noida, International Center for Event Marketing, New Delhi, College of Event & Management, Pune etc. Among international institutes also one has a plethora of options: International Institute of Management, Sydney, The University of Queensland, International Business school, University of East London etc.

If you are merely a fresher in the field you can start your career with remuneration around Rs 20000 to Rs 300000. With the experience and your efficiency, your chances of promotion go higher. Even, the owner of companies are fetching around Rs 1 lac per month. At global level people have been rewarded with $20000.00 per annum to $70000.00 per annum. It is desirable in any event manager to be able to handle multiple clients at a time Thus, your leadership skills is examined every now and again. All in all, if you are a package of qualities and good management skills don’t miss to be a star of a shining stream.

Oct 27

Having a machinery, technology, resources and suitable place are primary requirements of any manufacturing industry. But, just having these requirements at the site can’t generate a productive output. There is need of an expert in industrial management. It is his views and decisions that make resources’ utilization in the most fruitful manner. The main task of Industrial manager involves planning and controlling of budget, available material, time required and people engaged in the project. Industrial management actually deals with management of people, material and energy resources in order to bring the best of their combination. Due to rapid industrialization and globalization, there have risen new opportunities in this field. Due to several branches and sectors of particular organization, there is a need of reliable and dynamic master to handle industrial management tasks.

Career in Industrial Management In India only, having attracted from its economic policy and mutual efforts many Multi National Companies (MNCs), joint ventures are native clients are investing heavily in the nation, thereby creating a lot of moneymaking ways for people. Across the globe there is a huge package of jobs for skillful personnel in this field. Industrial managers are expected to be master of their field. Besides it, strong communication skills, administrative skills, sound understanding, quick decisive nature, risk analyzer, leadership and effective personality differentiate him in the crowd. Industrial Managers recruit staff for development, design and maintenance of machinery. The operational and production staff is also guided by Industrial Manager. Communication with clients, relation with staff, public meetings etc. are handled by Industrial Manager if required.

Person with strong aptitude, sound reasoning, appreciable knowledge of computers and ability to take decisions can build a bright future in Industrial Management. Once entered in the field, there are firm chances of moving up in the hierarchy. Business skills and behavior in the organization make you thrive higher and higher. An Industrial Manager should have knowledge of technical domains and ability to explain his ideas before a group of people. In a core technical organization, even an adept engineer can reach up to manager profile due to his strong technical and business sense. Most of the Industrial Management professionals are hired by Manufacturing Industries that manufacture computer and electronic parts, aerospace design and transportation stuffs. Even state and central govt. provides you with enough opportunities in this field. You can also work in scientific research and development department or other technical services. Almost in every sector like, textile, power, chemicals, steel, aviation, robotics, computers, electronics industrial manager has some role to play.

Primary eligibility for this field is in depth knowledge of technical areas. Generally, Bachelor of Technology/Engineer from Mechanical, Automobile, and Chemical etc. are preferred. Even science students can shape their career in this field. Industrial Managers are hired for several different positions like, Construction Manager, Compliance officer, Production Manager, Operation Manager, Quality Assurance Manager, Organizational Consultant, Facility Manager etc.

Since Industrial Management professionals demand is rising now days, there are better job opportunities in this domain. Moreover, a trainee may start his career from Rs 10000 per month which may go high as the experience increases. Few institutes with the offered courses in this field are- National Institute of Industrial Engineering (NITIE) offers 2 year diploma in Industrial Management, Shailesh J Mehta School of Management offers MTech program in Industrial Management. IIT, Kharagpur offers MTech program in Industrial Management, Delhi College of Engineering offers Phd course in Industrial Management. Among International schools there are London Academy of Management and Business, Kensington College of Business, Krannert School of Management etc. Students usually get packages around $50000.00 from such institutes.

Oct 27

In economic world, production means simply to create goods and services for the consumption of customers. Production involves all the steps of product manufacturing i.e. from an unused raw material to consumable commodity. During the process, there may be several kinds of operations like, chemical, mechanical, electrical, artistic etc. Production requires coordination of all the departments and therefore, it is a combined sector of all other sectors. It should be called isolated. Production management looks after the decisions taken and operations followed to obtain a goods and services rich in quality and satisfactory to the class of customers. Actually, production department has to take several decisions regarding quality of raw materials, minimum time, average production, quantity and reduction in defects.

Career in Production Management As a same company manufactures material for different classes having different requirements, budget, consumption etc. production department has to be good in statistics and take actions very judiciously. Maintenance of equipments and machinery, administration of production staff and their schedule, coordination between several stages and quality assurance are handled by production unit. A Production manager is responsible for any defective or non endurable product. Therefore, he is the sole behind quality generation. In addition to production to process, economic efficiency and delivery of time can’t be ignored by him. It is inclined that production manager should be dynamic and enthusiastic to learn changing trend towards consumers’ choice and adapt changes in output as per demand prevailing in the market. A good production manager is cynosure of his field. His technical knowledge pulls other attention where as his management skills bind the entire unit in a single rope. Production manager is a challenging role but an excellent job to utilize the most of your wits.

To be a part of production management, a full time MBA course is highly admirable though distance learning or part time are also in the line. Doing MBA after graduation from a reputed institute opens a path for shining career. Several entrance exams like, CAT/MAT/XAT/AIMAT etc are conducted based on college you want. Interested students can pursue certification or diploma courses as well. Some prominent institutes offering courses in India are: Small Industries Services Institute, New Delhi ;Allana Institute of Management Sciences (AIMS), Pune; Modern Institute Of Management, Delhi; International Council for Management Studies, Chennai; All India Institute of Management Studies (AIIMAS), Chennai; Indian Institute of Management Training, Pune and Indian Management Training and Research Institute, Jalandhar. Few international institutes are: Colorado State University, USA, Kansas State University, USA, University of California, Los Angeles, USA, TAFE NSW – Sydney Institute, Australia etc. Their salary package may vary from $40000.00 to $80000.00 depending upon your skills and companies’ requirement.

Due to swift industrialization almost all sectors like, IT, automobiles, textile, rubber, telecom and communication etc. are hiring professionals in production department. People having BE/ BTech and MBA from production management has an edge above others. Moreover, several vacancies are available in Govt. sectors as well. Freshers usually get handsome packages but it varies according to industries standard and your skills. Production department is heart of every organization. Therefore, no company wants any kind of deficiency in quality production. They are always ready to hire a skilled employee. Individuals seeking career in this field have more chances of promotion than others since it is a crucial part of company. Needless to say, your efforts and skills in this field can grow you higher and higher.

Oct 27

A hardware unit manufactured in USA can easily be bought in Bangladesh few days after its release. This statement reflects nothing unique in it. But isn’t it considerable that how the units being manufactured in plants somewhere in different nation, are available at retail store somewhere in different nation? Of course, it makes us conclude about a complex process involved to make it possible. In standard words, this complex process is called Supply Chain and managing this chain at every stage is supply chain management. Actually supply chain involves all the actions or steps a company adopts to obtain a final product from the basic raw materials.

Career in Supply Chain Management It is a very complex process consisting of number of sections like, planning, developing & designing, testing, delivery and customer satisfaction. During this course, a project is planned carefully with concentration on all ins and outs. Budget, raw material and human power required are decided during planning itself. Maintaining relationship with suppliers of raw material plays a critical role during entire cycle. Developing prototype and then actual product make supply chain a long term and complex process. Before delivery, it is essential to test product substantially. Moreover once products are dispatched to agency, defective products can be returned. All the above processes come under supply chain.

Due to weak management of supply chain, there may be delay in delivery or construction phase. Also, if any of the products is found with defect, it simply reflects weak supply chain management. There are number of vendors involved from supplier to customer like, distributor, wholesaler, first hand seller, second hand seller, transportation, shopkeeper and final customer. There are three types of activities involved in supply chain management: strategic type, tactical type and operational.

Implementing Information Technology in the business and maintaining healthy relations with customers come under strategic activities, learning competition, analyzing risk and taking an action aptly fall under tactical type activities, administration of production schedules and managing assets regularly signify operational activities. Supply chain management aims to build a competitive infrastructure, generate net value, balancing demand and supply chart and evaluating performance ratio at global level.

An expert of Supply chain management focuses on strong networking, inventory management, distribution strategy and information flow within or outside an organization. Every company wants an appropriate way to distribute it commodities effectively. Therefore, companies are always inquisitive to hire a skillful employee. They are always in a search of supply chain manager who could make the best of his potential. Seeing the rapid increment in the demand of supply chain managers many institutes offer courses in this particular domain to fill the dearth of skilled managers.

Any graduate student can pursue post graduate course in Supply Chain Management. Even diploma holders may also apply. There are diploma and certification courses also for interested candidates. A fresher can start his career being on the profile of Commodity Buyer, supplier manager, purchasing executives, material manager, implementation manager, supply planner, procurement officer, inventory manager etc. Packages offered are also higher but vary as per your skills and knowledge. Even experienced candidates are fetching 8 to 15 lac p.a. Institutes that provide courses in supply chain management are: Indian Institute of Materials Management (Navi Mumbai), Indian Institute of Management (IIMs), Supply Chain Management Institute (Mumbai), CII Institute of Logistics (CIL) (Chennai), National Institute of Retail Management (Bangalore), Centre for Supply Chain Management (Gurgaon), Indian Institute of Materials Management (Hyderabad) etc. Few international institutes offering this course are: University Of Glamorgan, UK University of Bolton, UK, University of Southern Queensland, Australia, University of North Texas, USA etc. The packages received by students may vary from $40000.00 to $100000.00. All in all, Supply chain management is a shining field for prosperous and affluent career. Although, it demands a challenging and competitive approach but skilled people has a lot to prove their worth in supply chain management.

Oct 27

Retailing of products simply mean to sell products directly to the customers at competitive and affordable prices based on need and location of customers. In Retail management, person needs to be dynamic and proficient in his subject. Retail industry demands direct interaction between seller and buyer i.e. between producer and consumer respectively. It is actually a service oriented field where best service in cheapest price makes business run smoother. It is no doubt a leading sector responsible for economic development of the country. As the time is passing, urbanization is increasing. Rural areas are getting transformed into little towns. People feel 24 hrs not enough for them in present fast forward life. They want to acquire all their needs from very same place.

Career in Retail Management Retail industry is booming with the more and more development of shopping malls, rambling shopping centers, multistoried complexes etc. Now consumers find everything under the same roof at competitive prices. This is what inspires retain managers to act more strongly. Since 80s, spurt in India’s Retail industry has been noticeable. Presently, India’s retail industry stands 5th on the world chart. Retail management chiefly looks after customer satisfaction and business growth. It aims to bring smile on customer’s face after performing a deal. Needless to say, bringing people together on a same kind of contentment requires special skills of management. Risk analysis, quick learning, statistics evaluation, convincing power all are expected from a good retail manager.

People today don’t want to face any unnecessary chaos standing in the market or on street. They are time conscious now. Therefore, promotion of retail stores is on the high. Departmental store, warehouse clubs, specialty store, factory outlet etc. are different types that constitute retail sector. Retail management chiefly looks to bring best to the customer on time in the budget. Earlier, grocer shops were the center for making necessary purchases for anybody. Now, modern people want standardization in lives. Moreover, the same crowd and extra time at grocer shop irritate them. They have found a robust solution in the form of shopping malls or departmental stores. Inventory management, customer management, marketing, sales and reports all are core parts of retail management.

As a career retail management is like a rising sun. There are ample of opportunities in this field. On an average there are more than 2 million jobs in retail sector across the globe. Actually, in developed countries, retail management has already occupied a very big share of market. As per a survey, the global retail business has crossed $3.6 trillion very recently. Basic skills like charming personality, good communication skills, effective understanding, high aptitude and sound reasoning quality can make you the master of this field. Being a retail management professional one has opportunity to work in sales and marketing department, concept design, operation analysis or simple administration. Many international brands are spreading their arms in the field of retail management seeing the enormous profit through lower or middle class society. To get professional knowledge in this field various degree and diploma programs are available, MBA from retail management is the most sought after among all courses. Besides it, post graduate diploma or simple diploma in Retail Management can also be pursued. Seeing the regular growth in this sector, it is expected to create enormous job opportunities in supply chain management, departmental stores, exporting houses, banking & insurance, finance etc. Starting as a fresher your package may start from 6 figures which can be transformed into 7 figures after good experience of 7-10 years. Without a point of doubt, individuals seeking to be a MBA professional must look after Retail Management as a very bright and prosperous sector.

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