Vital Management Concepts To Know AboutFew important management concepts which are essential to be known by every manager and management students.

Power Point Presentation Competition

The environmental mentoring committee arranged a power point presentation competition just for the FYBMS class

Personal Development

Personal Development is the conscious choice to improve one’s life to become a better person and to grow as an individual.

Strategic Management

Strategic Management is all about identification and description of the strategies that managers can carry so as to achieve better performance and a competitive advantage for their organization

Environmental Protection

E-waste Management

“E-waste” is a popular, informal name for electronic products nearing the end of their “useful life.E-wastes are considered dangerous, as certain components of some electronic products contain materials that are hazardous, depending on their condition and density. So it is necessary to manage them.

Vol. 1, Issue 02 April, 2016

Guru Nanak College of Arts, Science and Commerce

Content Table

CognizanceBi-Annual Newsletter of The BMS Department

Power Point Presentation Competition

Personal Development

The environmental mentoring committee arranged a power point presentation competition just for the FYBMS class. In which students were given 5 topics:i. Global warming ii. E-waste managementiii. Solid waste managementiv. Non-renewable energy resourcesv. Water conservation

Students were allowed to choose any topic from the above topics. The honourable guest of the event was Ms. Rashmi Joshi. There were 8 groups of students who participated in the competition each group had 2 students.

After the presentation Ms. Rashmi Joshi gave awareness lecture to the students about E-waste, what are its ill effects on living and how to dispose such waste. And also announced that our college will be collecting E-wastes from students and will dispose it in proper manner.And at the end the winners were announced 1st prize was given to Mr. Aman Thakkar and Mr. Aman Chauhan; 2nd prize to Miss. Simranjeet Kaur and Miss. Varsha Samala and the 3rd prize was given to Mr. Shadab Kasu and Miss. Sharon Banklore. Apart from them two groups were facilitated with consolation prize which were of Miss. Afreen Khan and Miss. Priya Mishra and other one of Ms. Shivani Negi and Ms. Harpreet Saini.

Personal development covers activities that improve awareness and identity, develop talents and potential, build human capital and facilitate employability, enhance quality of life and contribute to the realization of dreams and aspirations. Personal development is a lifelong process. It’s a way for people to assess their skills and qualities, consider their aims in life and set goals in order to realize and maximize their

potential. Not limited to self-help, the concept involves formal and informal activities for developing others in roles such as teacher, guide, counselor, manager, life coach or mentor. When personal development takes place in the context of institutions, it refers to the methods, programs, tools, techniques, and assessment systems that support human development at the individual level in organizations. Personal Development is the conscious pursuit of personal growth by expanding self-awareness and knowledge and improving personal skills. Those skills include your mind, your body, your spirit as well as your level of success in all areas of life, however I may define that. The ultimate goal of Personal Development is to be a self-realized human being. That means living consciously at your full potential and reaching real happiness in your life.By progression I mean that there are essential steps to take when starting out with Personal Development.

I believe that in the process of personal growth there are specific milestones to reach, and that without tackling these, personal growth is not really possible or at least not complete.I think the most essential things in Personal Development deal with how you look at the world and how you see yourself in the world, which then determines how you act in the world. Are you a victim or a winner? Do you see yourself as self-confident or not? Are you in control or not? Are you successful? Are you happy or not, and in what parts of your

life.

Making the Unconscious Conscious. It’s always the first part to become conscious of how we really work on the inside. Only then we can get control over it. And in Personal Development we are talking about this process for our whole personality. We take responsibility for ourselves and stop pointing to others for results that we are responsible for.We learn to get more energy and how to use it intelligently. We get more self-awareness and improve our mental focus. We develop a personal development plan that will guide us to where we really want to go.There are a lot of more things to improve in our own personal growth. But with those mentioned tackled, I think we start to lay a strong the foundation for Personal Development.

Participants

Strategic Management

Strategic Management as the name suggests manages the different strategies of the organization. Any decision making process is incomplete without the analysis of the strategies which have been planned. Strategic Management basically deals with analysis of strategies like how many resources should be allocated to what department and how much expenditure should take place for the same. By now you must know about SWOT analysis; strategic management helps in the analysis of all these external and internal factors that are associated with SWOT analysis and helps in taking the right decision before any plan is put into action.Strategic management is defined as the art and science of formulating, implementing, and evaluating cross-functional decisions that enable the organization to achieve its objectives.” Generally, strategic management is not only related to a single specialization but covers cross-functional or overall organization.Strategic management is a comprehensive area that covers almost all the functional areas of the organization. It is an umbrella concept of management that comprises all such functional areas as marketing, finance & account, human resource, and production & operation. Therefore, strategic management has an importance in the organizational success and failure than any specific functional areas.Strategy is a comprehensive long term plan. It tries to answer three main questions:1. What is the present position of firm?2. What should be the future position of the firm?3. What should be done to attain the future position?

Benefits of Strategic management

ჩ Increased employee productivity ჩ Improved understanding of competitors’ strategies ჩ Greater awareness of external threats

ჩ Understanding of performance reward relationships ჩ Better problem-avoidance ჩ Lesser resistance to change

The above explanation was related to corporates, but the use of Strategic Management can be found in our daily life for our routine work, at time of examination, even an illiterate person is capable of using strategic management in his or her daily curriculum.

Environmental Protection

E-waste Management

ჩ E-Waste: Waste of electronics / electrical goods that have reached their end of life

ჩ Electronic products often contain hazardous and toxic materials and should not be dumped with other wastes.

ჩ Along with China, India is largest importer of E-waste from developed countries like US, UK and Japan.

ჩ In India 90% of mobile equipment are imported.

ჩ The rate of e-waste generation is increasing by 10% every year.

“E-waste” is a popular, informal name for electronic products nearing the end of their “useful life.E-wastes are considered dangerous, as certain components of some electronic products contain materials that are hazardous, depending on their condition and density. The hazardous content of these materials pose a threat to human health and environment. Discarded computers, televisions, VCRs, stereos, copiers, fax machines, electric lamps, cell phones, audio equipment and batteries if improperly disposed can leach lead and other substances into soil and groundwater. Many of these products can be reused, refurbished, or recycled in an environmentally sound manner so that they are less harmful to the ecosystem. This paper highlights the hazards of e-wastes, the need for its appropriate management and options that can be implemented. Used electronics which are destined for reuse, resale, salvage, recycling or disposal are also considered e-waste. Informal processing of e-waste in developing countries can lead to adverse human health effects and environmental pollution.E-waste consists of all waste from electronic and electrical appliances which have reached their end- of- life period or are no longer fit for their original intended use and are destined for recovery, recycling or disposal. It includes computer and its accessories monitors, printers, keyboards, central processing units; typewriters, mobile phones and chargers, remotes, compact discs, headphones, batteries, LCD/Plasma TVs, air conditioners, refrigerators and other household appliances.5 The composition of e-waste is diverse and falls under ‘hazardous’ and ‘non-hazardous’ categories. Broadly, it consists of ferrous and non-ferrous metals, plastics, glass, wood and plywood, printed circuit boards, concrete, ceramics, rubber and other items. Iron and steel constitute about 50%

of the waste. Solving the e-waste problem starts with education, and habit changes

as a result of knowledge. Most people are trained to recycle a newspaper, bottles, and cans. Almost anything electronic in nature can be recycled properly with effort. Some municipalities have transfer stations that accept e-waste, and of course, Electronics Redux accepts e-waste for recycling. It is important that any e-waste processor is fully certified in safe destruction and follow certified documented procedures to safely dispose of electronic waste. Ask questions before you recycle! Some unscrupulous recyclers ship e-waste overseas where it is disposed of improperly, posing a threat to

the environment and its’ people. As properly disposing of or reusing electronics can help prevent health problems, reduce greenhouse-gas emissions and create jobs, there have been calls to reform “the methodology for e-waste disposal and re-use in developing countries” with reuse and refurbishing offering a more environmentally friendly and socially conscious alternative to down cycling processes.The mantra of “Reduce, Reuse, and Recycle “applies here.Reduce your generation of e-waste through smart procurement and good maintenance. Reuse still functioning electronic equipment by donating or selling it to someone who can still use it.Recycle those products that cannot be repaired. To find an organization that will manage your electronics for recycling, search the directory.

Vital Management Concepts To Know About

ჩ Human asset – treating humans as productive force ჩ Incremental change – step by step-slow change ჩ Hallmark – unique specialty ჩ Historical costs – original cost paid when creating an asset ჩ ISO – International Standards Organization – a body set up to

bring out standardization. ჩ Indirect management – managing involving individuals or

groups other than self managing ჩ Industrial safety – safety from work related hazards and

disease ჩ Ergonomic – designed for human convenience ჩ Ethos – value environment. ჩ Extended organization – activities not under the same

management, yet related ჩ Extrapolate – carry forward in the same fashion ჩ Feedback – getting information of results after decision or

action ჩ Finance – resource available in terms of money ჩ Financial statement – documents primarily used for balance sheet, and profit and loss account ჩ Forecasting – predicting future on a systematic basis ჩ BPO – Business Process Outsourcing – sub contracting a part of business ჩ Bank position – utilizable balance available in the bank ჩ Bonded rationality – thinking within given reasoning power and knowledge ჩ Book-keeping – maintaining books of accounts ჩ Book receivables – money receivable from debtors

ჩ Borrowed funds– funds taken as a loan ჩ Budget – plan converted to figures and to money metrics so as to

become measurable ჩ Business cycle – 1) cyclical trend observed of growth-stability and

decline in any product cycle 2) cyclic changes in business expansion, stagnation, contraction etc.

ჩ Business intelligence – competitive business knowledge ჩ Business plan – planning business and its behavior in terms of

results.

MissionTo create opportunities and facilities for holistic teaching-learning environment. Vision The college shall strive to become a center of excel-lence in teaching and research in Higher Educa-tion. Quality PolicyThat as quality is a continuous year-round process, a high level of work ethics in the college is essential to pursue excellence.

Guru Nanak College of Arts, Science and CommerceG.T.B. Nagar, Mumbai - 400 037,

+(91) - (22) - 2407 1098+(91) - (22) - 24071098

principal@gurunanakcollegeasc.inwww.gurunanakcollegeasc.in

ABOUTBMS or Bachelor of Management Studies is an undergraduate program for management studies which was started in 2008. The course allows students to obtain the knowledge and skills needed to assume management positions in a wide range of organization. Every year too many students graduates from BMS department and pursue their higher studies or obtain very good position in organization. The departmental head for this three year undergraduate course is Adv. Supriya Yadav.

Editorial Team

Adv. Supriya Yadav {In Charge of BMS}Ms. Afreen S. Khan {FYBMS in 2015-16, now in SYBMS}

College Event Photography Credit Goes to Mr. Yash Pandya {SYBMS in 2015-16, now TYBMS}

From Editor’s DeskWe are glad to bring out the first edition of our newsletter Cognizance. We are thankful to all the students and faculties and a special thanks to our Principal Dr. Vijay Dabolkar and SFC coordinator Dr. Pushpindar Bhatia for their support and motivation.