How to Drive Employee Motivation by Encouraging Ownership

One of the most important lesson you will learn in your PG Diploma in Business Management is how motivation can help you achieve the desired level of efficiency and performance in your employees. As a business leader, you are already responsible for a lot of things. You have to perform certain tasks as an important asset of the company at the same time keep your talented team motivated and upbeat on a daily basis.

You will come across a lot of management theories while pursuing your diploma from one of the Top PGDM Colleges in Hyderabad that will teach you how to keep your employees motivated at the same time urging them to work up to their maximum potential. While there are a lot of techniques of instilling motivation in your employees, one of the most effective technique is  encouraging ownership. Studies have shown that when employees have more autonomy at work, they are more satisfied with what they are doing and therefore they put in their 100% effort in the work resulting into increased productivity and a better performance.

So What Exactly Is Autonomy?

Joan F. Cheverie, manager of professional development programs at the higher education and IT nonprofit EDUCAUSE, writes “Autonomy is people’s need to perceive that they have choices, that what they are doing is of their own volition, and that they are the source of their own actions.”

In simpler words, it is a basic human nature not to obey orders. Every human has a tendency to rebel and thereby prefer to work in their own sweet way. Therefore a good manager is the one who allows his team to work whatever way they like as long as the work is getting done up to the mark and on time. This means letting go of  the control and make your team in charge of certain things. “Autonomy, in other words, is the antithesis of micromanagement.”

Cheverie says “Instead of focusing on the minute details, you now need to direct your focus to the goals and strategic objectives for each staff member. Let them take care of the minor details of meeting those expectations. If you are able to create autonomy while holding people accountable for stated goals and objectives, you’ll find that the details get done without your having to worry about them.”

You can encourage autonomy by doing the following.

1. Start With The Why - Why the work your doing is crucial for the company? The answer to this instills the employee with a sense of responsibility that if the work is not done due to any reason, the company is going to suffer and so will their future in it.

2. Allow Them To Speak Up - A good manager is the one who encourages a two way communication. Only then would you be able to achieve the sense of ownership in the employees as they would feel that they have been part of the work since the very beginning and that the work is not being imposed on them.

3. Leave The How To The Employee - Let them decide how will they achieve the task with an assurance in the background that you are there to assist them or support them if anything at all goes wrong. This sense of assurance creates a level of confidence that encourages the employees to take risk and work without fear.

The 5 Whys Of Root Cause Analysis

Root Cause Analysis (RCA) is an often-used technique that is done in order to know why the particular problem happened at the first place. This technique is quite popular amongst analysts who try to identify the origin of a problem using a specific set of steps. There are a lot of tools associated with root cause analysis. Students doing PGDM in Hyderabad, Delhi, Mumbai, Pune etc get to learn this technique by various problem solving assignments and projects.

A basic assumption behind the RCA is that all systems and events are interrelated that is in order for an event to happen, there must be something in the current system that needs to be improved in order to make sure that it doesn’t happen again. In other words, any effect is the result of a chain of actions that has happened back to back that is an action in one area triggers an action in other area, which in turn triggered the action in other area and so on. RCA looks at all the causes and investigate the patterns of negative effects by discovering the specific actions and finding hidden flaws that lead to the problem.

PGDM Colleges in Hyderabad lay special stress on RCA and it’s 5 whys. Asking “why” to a problem is not an easy task. The technique of 5 whys  is used in identifying the root cause of the problem. The fundamental of this technique is very simple. You simply ask “why” five times. This helps in systematically peeling off the layers one by one and once all the layers of symptoms are stripped away, the root cause of the problem becomes crystal clear.

How to Conduct The 5 Whys?

A stepwise guide to following this technique is as follows:

Step 1 - Write down the problem on a clean sheet of paper. Even though you know the problem but writing it down adds that ensurance to the fact that everyone involved in the RCA are on the same page and there is no difference in opinion.

Step 2 - The next step is to ask why the problem happened in the first place. Write down all the possible answers  to this in the sheet of paper.

Step 3 - The next step is to dig deeper. Go through the answers you wrote down in step 2 and ask the why to these answers in order to understand the cause better.

Step 4 - Repeat the process till the time you are satisfied that you have uncovered the truth. Studies have shown that it usually takes 5 whys or  less to uncover the truth but if you are still not satisfied, you can always dig in deeper.

The technique of 5 whys are one of the most effective and simplest forms of troubleshooting a problem. Not only it helps you find the root cause to a problem but also helps in identifying the process to a much deeper level. You can use this technique in improving the quality of your organization’s process as well as in solving simple problems.

4 Useful Tips To Manage A Virtual Development Team

With the continuously advancing technology, companies are opting for new ways in order to reap the maximum of the talent pool. There is a lot of virtual hiring that is happening in the companies. In such scenario, once you are out of your PGDM College in Hyderabad, there is a possibility that you can be a part of virtual team or may be in the long run, you even get to manage one as well. Managing or building a virtual team involves a lot of challenges but has its own advantages for both the employer and the employee.

Here is a list of top 4 tips that will help you be a part of Virtual Development Team:

Tip 1 – Hiring The Right Kind Of People

One of the fundamentals of a virtual team is having the right kind of people in your team. As a manager, you would need to conduct a lot of remote interviews in order to build an efficient team. Ask insightful questions and judge with the help of case studies. Also, it is advisable to look for referrals from the existing employees or the ones who have positive recommendations from previous freelance job(s). The advantage of hiring the remote workers is that you get to hire the best talent in the world with no restrictions in terms of talent or hiring expenses.

Tip 2 – Project Management Tools

This is an amazing way to handle the entire team. There are a lot of project management tools that can be used very effectively to keep a tab on your team’s work. It allows you to keep a track on the team projects, important files, other expenses, invoices, notes etc. These tools will help you organize the work processes remotely. Noting down various requirements and stating the expected deliverable are easy with such tools. Video and text platforms can be used effectively to show progress, to assign tasks and exchange information with team members.

Tip 3 – Active Communication

It is relatively easy to explain things when you are discussing in–person, face to face but handling a team remotely can be extremely challenging. Cities like Bangalore, Hyderabad, Mumbai, Delhi are specially crafting PGDM courses to help newbies hone on their communication skills alongside managerial skills. In fact, a lot of PGDM in Hyderabad courses are known for being specially focusing on communication through mandatory electives and grade system. Active communication skills are very important and helps you to explain and delegate-work better. Being proactive would help keep the team at the same page and make sure that everyone participates in the team discussion actively.

Tip 4 – Regular Reviews

This part of the job is extremely important. When you have a virtual team, there is a big chance that your team starting to feel that there is no active tab on their performance. This can lead to poor performance or delayed work. Handling things virtually would only be possible when you keep a regular check and give regular reviews in order to continuously improve the performance of your team. Regular reviews would also create an environment that those who are responsible for work got to deliver in time and would therefore increase the overall productivity of the team.

VJIM'S ONGOING PLACEMENT FOR PGDM CLASS 2015- 2017 IS WORTH THE ATTENTION

Placements at Vignana Jyothi Institute of Management, Hyderabad reach new heights this season with recruiters having snapped up students as early as September. With 60 students already placed in reputed companies across industries, VJIM has made its mark in the onoing placement season for Management students. Read More  

“You can manage things but how about knowing how to manage people?”

A session at VJIM Hyderabad with Ms. Vijay Lakshmi, Head, L & D, Nspira Management Services and Mr. Phani Kumar, Manager HR, Kogentix on the importance of HR in any organization

“Things can be managed but a true manager is someone who knows how to manage people,” said Ms. Vijay Lakshmi, Head L & D, Nspira Management Services at a latest seminar at Vignana Jyothi Institute of Management, Hyderabad which was around the topic- "Role of HR in Organisational Citizenship Behavior (OCB).

Hosted for the PGDM students of the school by the HR Committee, this 20^th August seminar also had Mr. Phani Kumar, Manager, HR, Kogentix interacting with the students and taking their questions.

Ms. Lakshmi explained how the role of an HR has come a long way in India and how it is evolving every single day. “It isn’t easy to handle the Human Resource of a company because managing people is the toughest job ever in the field of management, and the expectation of the organization on HR is high because now a days people not only want smart TV and mobile but also smart employees,” exclaimed Ms. Lakshmi. 

The OCB interaction touched topics like-

a. Organizational Citizenship Behavior

b. Importance of HR in developing OCB

c. Understanding the impact of effectiveness of OCB in organizations

Organizational Citizenship Behavior is something an individual plays independently within an organization and unless you are trained in it or attentive towards it, you will not contribute to the overall growth of the organization. To define it in simpler ways, OCB is a person's voluntary commitment within an organization or company that is not part of his or her contractual tasks.

Mr. Kumar simplified it for the students further by explaining how one can achieve OCB by following the below listed factors:

·         Altruism – quality of unselfish concern of others

·         Courtesy – polite behavior

·         Sportsmanship – fairness in following rules

·         Conscientiousness – reasonable level of self-control

·         Civic sense how well a person represents an organization

“Anybody can perform well in work allotted to him/her, but a true employee is he who goes an extra mile to perform extraordinarily,” said Manager, HR, Kogentix in his speech. “He’s the successful employee and organization needs such people,” Mr Kumar added further.

“Essentials of Investing in Financial Markets”- a seminar hosted for VJIM students to give them a glimpse into the world of Finance

July 23, 2016, Hyderabad:WhenAjay Sharma- General Manager, Titan Company Ltd. and AbhishekVaish- Area Manager, Aditya Birla Money came down to campus to interact with the VignanaJyothi Institute of Management, Hyderabad students, it was one stimulating session of two hours. The talk was themed around the topic- “Essentials of Investing in Financial Markets”. Read More 

WHY PGDM AND NOT MBA?

Very often, management students stand on this cross road and wonder, PGDM or MBA? Which one will land me my dream job? Which one makes me academically better? Which one is meant more for me and is not the way of the herd? A very common debate! Let us sort this out for you.

“An MBA is for those who seek a university programme to get a holistic view of Management while the PGDM is for those who seek specialisation in a particular area of their interest,” feels V. Venkataramana, Dean, School of Management Studies, University of Hyderabad.

PGDM, strictly speaking, isn't a degree. So, in a degree hungry country like ours, why at all should a person go for it? As stated above, PGDM gives you a tunnel vision, yes, but keeps you focused on what you want to achieve rather than give you a broad based idea of things. While MBA is seen as a natural set up after a graduate degree, PGDM is seen as a diploma pursued for professional advancement and a very relevant one for growing fast in your profession.

Source :http://bit.ly/20MXD0R

As far credibility of a diploma vs. degree stand, there are times a PGDM might end up scoring higher than a plain MBA because it might be suited better to the job description.

         

While an MBA is regulated by the UGC, a PGDM is regulated by the AICTE. This gives institutions offering a PGDM course higher autonomy than those offering plain, vanilla MBA courses. Even though both courses give you an insight into and knowledge of Business Administration, the approach and concentration of what is taught is fairly different.

         

PGDM tackles the more practical fields of education as compared to MBA that provides you academic knowledge. The basic difference between the two is that the former makes you street smart and the other makes you book wise. Hence, more of professionals who want to advance their fields should usually go in for a PGDM.

Fee structure for PGDM courses is much higher as compared to MBAs but if your purpose is to seek advancement in your chosen field, a PGDM might be a better card to pick over a generic MBA which might end up not helping you at all. Since a person would be devoting an exact same amount of time (i.e. 2 years) one might want to work toward a specific goal than being the jack of all trade and master of none.

One of the key things where PGDM triumphs over MBA is the interval in which the curriculum is updated. Since recognised universities hand out MBAs, the curriculum there is a little rigid compared to the fairly autonomous institutes that aren’t governed by the UGC. Usually, a curriculum update takes less time and is more fluid while pursuing PGDM.

As far as placements depend, the onus goes to the institution more than the course and though there are arguers in favour of and against both courses, they would seem neck to neck to an unbiased eye.

VignanaJyothi Institute of Management (VJIM), Hyderabad’s PGDM Admissions Now Open. Apply before April 30, 2016

VignanaJyothi Institute of Management (VJIM), Hyderabad has announced admissions to the 2016-18 batch, beginning February 2016.  

Extending the core principles of Ethics, Knowledge and Public Service, VJIM, Hyderabad established in the year 1991, has continually undertaken initiatives for preparing leaders of tomorrow. VJIM, Hyderabad is an AICTE approved private Business School that also has professional society membership with bodies like: AIMA, NHRD, AMDISA, AIMS-Intl, HMA, CDC, CII, AIMS and EPSI.

The school aims to provide high quality professional education to students in order to make them ‘career ready’.

Source:http://bit.ly/216GXCq

The two years’ full time PGDM and part-time PGDM courses of VJIM, Hyderabadfocuses to develop managerial talent for tomorrow’s needs through a rigorous academic curriculum combined with practical industry exposure. The school’s academic curriculum is designed to provide the students with a platform for holistic learning. The end objective is to create effective managers capable of meeting the challenges of a global workplace.

Things you need to know before applying to VJIM’s PGDM:

- VJIM accepts CAT/MAT/XAT/ATMA/CMAT/GMAT scores

- VJIM gets 95% of its class consistently placed every year

- More than 75 companies recruited from Class of 2015

- VJIM has generous scholarship for deserving applicants to avail

- The school has 2000+ alumni spread across the country and the world

Dr. Kamal Ghosh Ray, Director, VJIM says, “VignanaJyothi Institute of Management, Hyderabad is actively engaged in repositioning business education. We, at VJIM have redefined business education as a perfect mix of ‘global width’ with ‘local depth’. We seek to achieve the ‘global width’ by adopting the international curriculum, pedagogy and best practices, which are applied in the local business settings. The ‘local depth’ is explored through developing ‘industry-specific skills’, while meeting the needs of Indian businesses for which, VJIM has repositioned business education.”

Application procedure

Applications are available online (http://vjim.edu.in/apply-online/)

Alternatively, offline applications can be made by either downloading the form from our website or obtaining it from the college’s office in Hyderabad and submitting the same at the office.

Important dates

The issue of application forms started from 15 January 2016. The last date for submission of application form is 30 April, 2016.

Contact information

Admission Counsellor – +91-98498-00819, +91-96186-68765

E-mail: admissions@vjim.edu.in

VJIM, Hyderabad forwards generous scholarship of INR 1,00,000 for deserving candidates of 2016-18 PGDM

Vignana Jyothi Institute of Management (VJIM), Hyderabad, one of the leading B Schools in South India is accepting applications for its PGDM Class of 2016- 2018. In order to ensure that meritorious students do not get restricted from pursuing their Post Graduate Diploma in Management (PGDM) from one of India’s top B-schools, VJIM, Hyderabad has unveiled its scholarships for its 2016-18 PGDM programs. 

Source:http://bit.ly/22Pseeo

Accredited for Quality by NAAC, this AICTE approved B-School has been graduating 180 PGDM students every year and placing them in leading companies of India and abroad.  The school is forwarding a scholarship worth Rs.1,00,000 and Rs. 75,000 to the best talent on display. VJIM is further encouraging aspirants with true potential to enroll with the school and create the best platform for their future careers. 

VJIM offers three PGDM programs that are popular and admit 300 students from various parts of the country. The school is known for being-

- Ranked 2nd in "Innovative Teaching Methodology" at Indian Management Conclave 2015

- Ranked 46th Best Private B-School All Over India by Business World

- 2​0+ states' students from over 100 cities ​in the classroom

- 180+ students graduating every year

- A very strong industry connect 

- Prominent academicians take classes at VJIM. Hyderabad 

So who are these scholarships awarded to, and what are the eligibility criteria? 

The INR 1,00,000 scholarship is forwarded to deserving candidates based on a Composite Score that is derived upon after taking into account the weightage given to the candidate’s past academic record and performance during the admission process. Their Class X score amounts to 10%, Class XII – 15%, Graduation – 25%, All India Test Score – 25%, Personal Interview – 20% and Work Experience – 5%.

Source:http://bit.ly/2430ci9

 

Those with a composite score of 90% and above will be eligible for a scholarship of INR 1,00,000 while students who scored between 85 and 90% will be eligible for a scholarship of INR 75,000. Besides these-entry level scholarships, VJIM, Hyderabad also offers Merit Scholarships of up to 50% of the fee amount to the top four meritorious students. These scholarships are available during each trimester of the program.

To know more, visit: www.vjim.edu.in

Admissions open for PGDM Class 2016-2018. Apply now through the VJIM App to avail 50% discount on your application form.