Introduction to Technology and Innovation Management

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Technology and Innovation Management (TIM) is a specialized management
concentration which offers an understanding of the nature of innovation, the relationship between strategic leadership and innovation, and how organizations use technology and new product development processes to successfully manage change. TIM is a key to growth in a knowledge based economy.

The current competitive imperative is the development of a science and innovation based culture. This identifies that the real engines of competitiveness and economic success remain science, innovation, technology, education and entrepreneurship. An essential part of developing the science and technology is based on sustained competitive advantage which is to strengthen the capacity of organizations to manage innovation successfully.

Technology and Innovation Management is at the intersection of strategy, technology and operations. It provides executives with the understanding of how technology works in the innovation process and enables them to make sound business decisions. Successful innovation is inherently multi-functional and matches a profound understanding of needs and wants of user to a distinctive technical competence.

No company can stand still under the pressure of competition and rising customer expectations. To stand still is to die. Even to survive, you must constantly reduce costs, enhance quality and increase responsiveness. To grow, you must offer new and improved products and services. Whatever the size or business of your company, you must comprehend what kind of innovation makes sense, when to innovate and how to do it successfully.

Technology and Innovation Management encourages the management of innovation and technological change from a variety of perspectives, including strategic, managerial, behavioural, and operational issues. TIM includes the management of innovation, technology strategy, research and development, information technologies and the internet, technology-based entrepreneurship, process technologies, and the commercialization of scientific research.

Institute of Business Studies And Research (IBSAR) is one of the best business schools which offers Master of Business Administration (MBA) in various disciplines.

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Characteristics of an Effective Leader

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Be the kind of leader that you would follow. Someone has rightly said this. Anyone can be a leader but good leaders are rare. They possess certain set of qualities which distinguish them apart from ordinary ones. Leaders play a very imperative role in elevating the morale of their employees at the workplace. It has been found in various prior surveys that most of the employees leave their job because of their managers. However, it is to be noted that not every manager is a leader but every leader is a manager. So let us tell you the top qualities that a leader must possess as suggested by faculty of IBSAR.

  • Sharp perception – Effective and good leadersknow exactly how they areperceived by other individuals.They have an honest and transparent communication with their team and peers. They keep a thorough knowledge of people’s perception about them. It brings in more openness in the work environment.
  • Acquainted with organization – Good leaders are familiarized with the goals and objectives of the organization. They also know strategies needed to achieve those goals. They are fully acquainted about how their team fits into the big picture of organization and extract the best out of their team tocontribute inachieving the objectives of the company. They know the enterprise inside and out. They strive to make the organization grow.
  • Self-assessment – Introspection is another vital element to be an effective leader. Effective leaders, every now and then, self-evaluate their strengths and weaknesses. Recognizing their strengths enable leaders to use their strengths maximum.Being familiar with their areas of weaknesses enable them to work on them resulting in more effective leaders.
  • Sensitized towards the team’s needs – When leaders are perceptive, they are able to comprehend the needs of their team members better. It is far easier for leaders to build strong teams when they are acquainted with values, aspirations, goals and needs of each individual of their team.

If you also want to see yourself as an effective and good leader, then try to inculcate these qualities in yourself. Institute of Business Studies And Research (IBSAR) is a multi-disciplinary business school which focuses on actionable business programs.

Significance of Human Resource Management

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In today’s highly competitive scenario, no degree or education is enough to guarantee you a successful career. However, we still leave no stone unturned in our endeavour to excel in every possible way we can. Master of Business Administration (MBA) is one of the highly coveted degrees that most of the young brigade tends to pursue. Finance, Marketing, Operations, International Business, Information Technology, to name a few, are certain specializations that are being done in management. Human Resource Management is one of them. It is the process of recruiting and developing the employees according to the needs of the organization.

Human Resource Management (HRM) is a function that involves in the process of hiring of the workforce, providing development & training, maintaining workforce regulation, assessment of their performance, providing compensation & benefits, motivating, relation with labour, health, welfare and safety assessment.MBA in HRM allows you to develop the general management skills in the first year and impart learning about human resource practices in the second year of the course.

If you also are planning to pursue MBA in HRM, then be prepared to be taught about social, cultural and economic factors which influence relations of employees. The specialized fields in this course are Motivation, Labour Legislation, Training and Development, Compensation and Benefits, Labour Relations, Retention, Industrial Relations, Recruitment and Selection, and Labour Welfare and Social Security.

Human Resource is an indispensable part of any organization for its existence. Thus it leads to various job opportunities in the field of human resource management. Each and every industry needs to hire HR administrator to settle and handle the activities pertaining to hiring of employees, their benefits, remuneration, training, skill development, maintaining the work performance of the employees and ensuring that all work is done in accordance with the objectives of the company.

HR Generalist, Technical Recruiter, Employee Relations Manager, Director of HR Training and Development, Staffing Director, Compensation Manager, Employee or Placement Manager, and Organizational Development and Consultant Change are discrete jobs you can be entitled to if you are an HRM degree holder. IBSAR is one of the best business schools which offers MBA in various disciplines.

 

Professional Course – Enhances Skills

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Somehow, it’s true and well said that ‘a person who stops to grow will continue to decline’. This phrase justifies the importance and requirement of professional courses in a person’s life. To grow one must know well that being stagnant will not only make their growth stagnant but also their mind.

Therefore it is always advised to be in touch with studies. This has been concluded people who find their studies and knowledge sufficient and don’t keep the potency to learn more often lack in a lot of daily things. ibsar institute of business studies and research provides you with certain professional courses which can be extremely helpful to you.

Therefore if you think you have done enough studies then you must ensure that your education is well suited an relevant for your professional career. If you aspire to gain a hike then you must avail a degree of a professional course which can help you rise. The moment  your education takes one more step of the ladder, the very same moment your career takes a step above too.  In this exceedingly competitive world only a degree can help you take a step above.

Addition of an extra professional course is highly valuable. A professional degree in your resume gives the company owners an advantage for you. Since companies always wish to recruit employees who possess a flayer towards a certain skill and they don’t have to train that employee. Training an employee’s cost a company really hard.

Therefore if you are planning to spend your whole life with just one or two degree then you must ensure your growth would be gradual. But including certain professional degrees will help you shoot your career graph immensely. So give yourself the best of studies and become an asset to a company. Ibsar facilitates you with all the possible professional courses, avail them and help yourself grow personally, professionally, mentally and certainly monetarily.