Bharatiya Mahila Bank – A Step towards Economic Empowerment of our Women

Mamta Sharma

Faculty, Surya School of Business Management

 

Bharatiya Mahila Bank Ltd is the first of its kind in the Banking Industry in India formed with a vision of economic empowerment for women. The Bank was inaugurated on 19 November 2013 by Hon’ble Prime Minister of India, Dr. Manmohan Singh and Smt. Sonia Gandhi, Chairperson, UPA.

The Bank’s twelve branches one each in Mumbai, Delhi, Kolkata, Chennai, Bangalore, Lucknow, Ahmadabad, Guwahati, Indore Chandigarh, Dehradun, and Raipur are currently operational. The Bank will also open branches in all the State capitals and rural areas in a phased manner. Bank is also planning to open 16 branches in next four months

The Bank’s initial capital consists of Rs 1,000 crores. The government plans to have 25 branches of the said bank by the end of March 2014 and 500 branches by 4th year of operation (2017).

US-based FIS Global, in partnership with Wipro is leading the race for a Rs 1,000-crore contract to provide IT systems at the country’s first women-focussed bank.

Although initially reported as a bank exclusively for women, the bank will allow deposits to flow from everyone, but lending will be predominantly for women. India will be the third country in the world to have bank especially for women. Pakistan, Tanzania already have an exclusive bank for women.

The opening of this bank inspire people with entrepreneurial skills and, in conjunction with NGOs, plans to locally mobilize women to train them in vocations like toy-making or driving tractors or mobile repairs. This also focuses on the banking needs of women and promotes economic empowerment.

 Surya World- Institutions of Academic Excellence also exemplifies women empowerment, wherein many high positions are held by women and girls are also given benefits at the time of admissions.

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PARTICIPATIVE DECISION-MAKING

Sarveer Kaur

Faculty, Surya School of Business Management

 Participative decision-making (PDM) is the extent to which employers allow or encourage employees to share or participate in organizational decision-making. PDM is one of many ways in which an organization can make decisions. Participative management (PM) is known by many names including shared leadership, employee empowerment, employee involvement, participative decision-making, dispersed leadership, open-book management, or industrial democracy. The basic concept involves any power-sharing arrangement in which workplace influence is shared among individuals who are otherwise hierarchical unequal’s. Such power-sharing arrangements may entail various employee involvement schemes resulting in co-determination of working conditions, problem solving, and decision-making. However, organizations benefit from the perceived motivational influences of employees. When employees participate in the decision-making process, they improve understanding and perceptions among colleagues and superiors, and enhance personnel value in the organization.The outcomes are various in PDM. In the aspect of employees, PDM refers to job satisfaction and performance, which are usually recognized as commitment and productivity. Decisions are made differently within organizations having diverse environments. A PDM style includes any type of decision transfer from a superior to their subordinates. Decision makers cannot be experts in all fields. In such situations, the decision maker delegates full or partial responsibility of decision-making for a particular area of concern, to the expert on the team for best management outcomes. The participative leader retains the responsibility of final compilation of the draft responses from all. Such delegation is work specific and singular. It depends on the decision maker to compile the expert reports for the final response. Advantages of this type of decision-making process makes the group members feel engaged in the process, more motivated and creative. In an autocratic participative decision-making style, similar to the collective style, the leader takes control of and responsibility for the final decision. The difference is that in an autocratic style, members of the organizations are not included and the final outcome is the responsibility of the leader. This is the best style to use in an emergency when an immediate decision is needed.   The primary aim of PDM is for the organization to benefit from the “perceived motivational effects of increased employee involvement”. In Surya World Institute Of Academic Excellence we can find that each and every task is performed as per rules of participative decision making. Suryauday was best example where different events were handled by faculties from different department and also by the interested students.

Tips for Developing Leadership Skills

Pooja Mahajan

 

Faculty, Surya School of Business Management

 

Leadership means the action of leading a group of people or an organization, or the ability to do this. Leadership is vital to survival and success. Leadership always has some focus on bringing about a better future. Leaders are necessarily innovators. Leadership has a direct cause and effect relationship upon organizations and their success. Leaders determine values, culture, change tolerance and employee motivation. I believe, in order to develop Leadership skills, as a leader we must be willing to acknowledge that, developing it is not an accomplishment – it’s a never-ending process. Being a leader isn’t easy – it requires commitment for the long haul. It’s not something we can just accomplish and then move on. Being a leader it requires hard work, sacrifice, commitment and a willingness to grow ourselves. There are some things which Excellent Leaders do constantly such as they are committed to learning. They make taking time off a priority. They believe in themselves and their abilities. Self-doubt and low self-esteem are stumbling blocks. They are visionary and help others to embrace their vision.

Great leaders set goals in some way or another. They mentor others and have a mentor or two. Leaders are honest, hard-working and conduct all their business dealing with integrity. True leaders genuinely care about people. They make time for them and they are passionate about helping others develop their true potential.

While talking about Surya World, we organize Guest Lectures by industrialists with a view to provide an opportunity to the management students to interact and learn from successful and eminent Business Leaders.  And they interact with the students and shared their views like what qualities they are expected from the young generation. And also provide them some tips to improve their skills.

To learn more about leadership visit us at: https://www.facebook.com/Suryaworlduniversity

 

 

Surya World Provides You Professional & Personal Development

How Surya World develops you?

Education at Surya World – Institutions of Academic Excellence has limitless opportunities to rise. Our most-wanted-in-industry courses taught by esteemed faculty members and supported by unparalleled academic resources, will take you as far as your imagination allows.

When you finish your degree and enter into the industry world you will notice there is an ultimate need of having strong professional and personal development to survive in the world full of challenges. We understand this need and willingly embrace the opportunity to make you skillful by offering you the platform of high quality education where everything is taught practically. For your continuous development we have them all – Expert renowned faculty, practical industry based learning, paid internships and summer training, regular industry visits, workshops and seminars, special soft-skills lessons for your personal development, student clubs and organizations.

Today we will talk about the need of professional development and how our students are professionally developed according to the current industry needs.

Professional Development

We have designed out program so systematically to develop you into a complete professional having all those mandatory skills on your tips. The whole picture of ‘Professional Development’ is sub-divided into four stages which go below!

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Tackling your fear of Rejection

rejectionOn the second day of New Year 2014, we got inspired by an article on Entrepreneur website which we would like to share with you. You might have noticed that sometimes your Rejections don’t let you keep moving towards your goals and keep pulling you back. Now, the question arises ‘How to tackle your Rejections?’

Surya World – Institutions of Academic Excellence has noticed the need of knowing the skills young generation require to counter their rejections. And our expert team is going to share their ideas of tackling rejections. Sometimes we are afraid of keep moving, we are afraid of taking risks and becoming successful.

Counterpart to this, when you pour your heart to something then don’t let procrastination and rejections come into your way. But, we can’t completely ignore rejections; its natural to face them. Also, when you find a door closed, it somewhere gives you the opportunity to find the best door open. So, how can you take the most out of your rejections? Surya World Expert Team wants to explain this in simple steps: Continue reading

Faculty Development Program – Surya World

It feels great to inform you about the Faculty Development Program (FDP) which recently took place at Surya World – Institutions of Academic Excellence.

fdp

In order to keep fulfilling our promise of delivering best quality higher education to our students, we update our faculty via Faculty Development Program (FDP). The program brings the platform to provide updated knowledge in various fields of studies to our faculty, take their ideas,to implement best tactics in education system. This helps us to develop enthusiastic entrepreneurs out of our students who then set benchmarks in the fields of technology, business, healthcare, etc.

Our Faculty Development Program has two major objectives:

1. To disseminate teaching improvement courses to the faculty from all fields of study through our updated knowledge rich facilitator-training programs.

2. To provide teaching improvement support to our faculty to reach the international level of interactive teaching which increases our students’ interest in studies.

To check all the photos from the event you can visit the link – https://www.facebook.com/media/set/?set=a.778445685506125.1073741842.197439113606788&type=1

And don’t forget to hit “LIKE” to keep getting updates about higher education level being delivered by Surya World.

Parents’ Guide to Higher Education at Surya World

As a parent or guardian of someone who is in the phase of choosing the right course and university for him / herself; you will find this article helpful to assist them make the big decision.

We understand the importance of parents helping and supporting their children choosing the best university for them. This is the top most reason why we came up with this most awaited guide for parents. Not every family in India has personal experience of higher education; that’s why it is sometimes difficult to choose from bewildering array of courses and universities. Respecting the decision which will have profound and long-lasting effect on your son / daughter’s life, this guide will help you go through the process of choosing the right course and university suggested by renowned experts (the guide has been developed by top education, psychology and industry experts).

Going to a university is a big decision with so many options of courses and institutions in front of your son / daughter which makes you sometimes think about the need of higher education.

Now the biggest question arises is Why to go for higher education?

Top 5 reasons to choose higher education

  1.  Improve career prospects: Competition in the job market is fiercely growing and a degree will give your child the best possible start to their professional life. College graduates are more likely to make more than those who completed only high school; they are tend to develop with a higher pace in their chosen career than a non-graduate. Lots of jobs require specialized training and experience which your child can only receive at college via a number of training and internship programs.
  2.  Increase earning potential: A degree from Surya World will give your child the edge when it comes to competing for jobs.
  3. Individual Growth: College is freedom! When you attend college, you are free to live by your own; you have the rights to make some of the most important decisions of your life. This is the process of gaining independence and develops self-confidence. It is not only about knowledge of their chosen subject but they will also enjoy all the other aspects of student life as well. Joining student clubs and societies at campus give them opportunities to rise and become a perfect individual.
  4. Finding direction: Sometimes your child is confused of finding a right direction or choice of career. At university, your child has a special mentor to personally guide and assist him / her time to time in taking the biggest decisions of life. The mentor keeps analyzing the personality and interest areas of every student so that students gain right knowledge and experience most suitable for their career.
  5. Create ever-lasting memories: Be it academic achievement or one time your child goes to travel with his / her friends and teachers, all these will be the life lasting memories for him / her. Studying and living in a university is a first time experience for students and your child will find that it is a great way to establish friendships. Surya World is proud of its multi-cultural campus where your child will enjoy life with students from around the globe.  

How to choose right college/university for your child? Continue reading