Master of Business Administration – DIVERSE OPPORTUNITIES IT OFFERS

Categories Education and Courses, Travel and Life Style
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Master of Business Administration – DIVERSE OPPORTUNITIES IT

OFFERS

 

 

Almost everybody agrees that the prospect of getting to the top in managerial positions has only increased with the passage of time, though traditional MBA has not remained the same as it was in the beginning. If one earns an MBA, one’s salary almost doubles and perks increase accordingly. An MBA gives one confidence to work confidently in any industry. One can learn about business strategies and concepts, not just on paper, but the training and internship required in an MBA course teach how to use these skills in practical life and in day-to-day business operations as well. This is why it has become one of the most sought-after qualifications in today’s corporate world. Worldwide, the best business leaders consider an MBA degree as key to the continual success of careers in sectors like manufacturing, engineering, business, education, health care and other service sectors. It is because of the fact that fast moving and tumultuous business scenarios are making Management education evolve and adapt to the needs. An MBA degree is, in fact, a tool which equips one with the skills that help in reaching top managerial positions in large or multinational organisations. At the same time, it is also needed for individuals joining smaller companies with promise of growth as well as for those who have to successfully run their own enterprises.

The MBA and your Career

An MBA opens new avenues and equips one with new skills in the workplace. This is one of the main reasons why people, who are already employed, aspire to have an MBA. It has abundant potential for those who are seeking to switch their career or looking for advancement in already established career. There are some companies which agree to sponsor their employees to get an MBA degree, provided they continue for a specific time, after they get the degree, for their sponsors. However, some students will not be lucky enough to have a firm job offer already in place once they have graduated, so it is important for students to be aware of their ambitions and goals regarding their career, as to what sector of business they hope to thrive in and the career opportunities that will be available to them as an MBA degree holder.
In addition to the skills outlined above, you are likely to have developed the following skills to a high level through an MBA: An MBA gives one confidence to work confidently in any industry.

One can learn about business strategies
and coiicepts, not just on paper, but the
training and internship required in an
MBA course teach how to use these
skills in practical’ life and in day-to-day
business operations as well.

1. Improves your credibility and commitment level

If you acquire an MBA, it becomes evident that you are committed to the business, for in order to have the degree you must have invested a lot of energy and time. It also shows that you take your job seriously and try to broaden your perspective and want to add value to your present skills. Those skills can help you to become innovative which is a must for growth so far as business is concerned. An MBA also indicates that you have mastered a certain level of knowledge in business management, which gives you the ability and confidence to speak on equal terms with executives outside IT. Because IT touches nearly every part of the modern business enterprise and because IT managers are increasingly involved in business processes, the MBA adds credibility to your perspective when you are discussing technical solutions to business problems with your colleagues.

2. Develops business acumen

Business people and technologists are different from one another. Unlike technologists, business people think in terms of strategies and value, and human (customers’ and investors’) responses. On the other hand, technologists always think in a linear and logical fashion and their responses are often predictable, because they are in scientific progression. The business perspective, by its nature, tends to rely more on estimation, and trial and error. The ability to think like a business person is critical for technology managers, especially those of us who wish to position IT strategically within the company. That information is alone called for in a fast-changing business scenario which supports the plan, design and execution of business strategies.

 

Russia in Syria – A new spectacle for the masses

Categories National and International, Travel and Life Style
U.S. Secretary of State John Kerry, right, and Russian Foreign Minister Sergey Lavrov arrive for a news conference after the International Syria Support Group (ISSG) meeting in Munich, Germany, Friday, Feb. 12, 2016. (AP Photo/Matthias Schrader)

Russia in Syria – A new spectacle for the masses

 
IF HIS intent was to draw attention to his military muscle, he certainly succeeded. Vladimir Putin, Russia’s president, became the first leader in the Kremlin since Leonid Brezhnev, who invaded Afghanistan in 1979, to send military aircraft on bombing missions outside the territory of the former Soviet Union. On September 30th, Russian jets began a targeted campaign in parts of Syria held by rebels in order to prop up the beleaguered regime of Bashar al-Assad, a Russian client.

Not since the Boxer rebellion in 1900 have Russian forces fought in such proximity to American ones. In Kosovo, they came close. In Syria, they share the same skies: America is attacking the jihadists of Islam¬ic State (is); Russia says it wants to strike is but has in fact started by attacking other Sunni rebels (including some who have re¬ceived American weapons) who pose a more direct threat to Mr. Assad.

Mr. Putin has ruled out the use of ground forces in Syria, for fear of awakening painful memories of the Soviet debacle in Afghanistan. But by deploying jets and air defence systems, Russia is complicating Western operations in Syria. France this month joined America in the increasingly crowded skies of the Levant.
Russia has prepared its air campaign for some time. Two weeks ago it held elaborate domestic war games in terrain closely resembling the Syrian desert. Russian war reporters who spent months on the east¬ern Ukrainian front lines have suddenly appeared in Syria, cameras rolling at the site of terrorist attacks.

The Russian Orthodox church has spo¬ken of a holy war. But for the Kremlin, it is just as important to be seen to be confront¬ing America, which Mr. Putin accuses of trying to dominate the world. Dmitry Kise¬lev, Russia’s chief television propagandist, put it with wilful inaccuracy: “In Syria, America stands on the side of the terrorist caliphate. Together they are trying to de¬stroy Syria as a secular state.”

Spade-work

Russia’s bombing in Syria was preceded by a flurry of diplomatic activity. On Septem¬ber 28th, Mr. Putin spoke at the United Nations General Assembly in New York, com¬paring Russia’s role, to that of the Soviet Union in 1945 and blaming America for un¬settling the Middle East. “I am urged to ask those who created this situation: ‘Do you at least realise now what you’ve done?’ But I’m afraid that this question will remain unanswered because they have never abandoned their policy, which is based on arrogance, exceptionalism, and impunity,” Mr. Putin declared from the podium.

Russian media portrayed him as a superman who has to clean up a mess. Ria Novosti, the state news agency, and other government propagandists flooded social- media networks with messages bearing the hashtag “ttPutinPeacemalcer”.

The president has received some verbal support for his new campaign from the Italian prime minister and the German foreign minister, among others. But in Ameri-ca, he is still viewed as a villain. A meeting with Barack Obama-the first long one since Russia’s annexation of Crimea-end¬ed with no result. Trust between the two leaders is the lowest it has been in decades, say close observers.

Mr. Putin may be hoping that by claiming to fight is he can force America into accepting him again as a partner in power, one too important to be isolated by sanctions imposed by the West in response to the war in Ukraine. Yet his gambit is laden with risks. Russia could get bogged down in what may be an unwinnable conflict. Its relationship with America could get worse rather than better, especially if the two military forces clashed, even inadvertently. Russian pilots might, given the lack of co-ordination in the skies, fall into the hands of knife-wielding executioners. “Putin miscalculated in Ukraine and he may miscalculate in Syria,” warns Dmitry Trenin, the head of the Moscow Carnegie Centre, a think-tank. So why take such risks?

 

 

 

Leaders and Property taxes

Categories Education and Courses, Games and Sports, National and International, Travel and Life Style
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Leaders and Property taxes

 

 

 

The world needs to prepare for a Zimbabwe without Robert Mugabe

IN ZIMBABWE they are waiting for rain. The region’s worst drought in a decade has withered the maize (or corn) crop, which came in at only about half the size of last year’s. The poor harvest has left at least 1.5m people more than one in every eight in desperate need of food aid.
For Zimbabwe’s long-suffering people, waiting has become a national vocation. For 15 years since he rigged a general elec¬tion in 2000, Zimbabweans have waited for the chance to be shot of Robert Mugabe. He has ruled the country since its inde¬pendence in 1980, and so gravely wrecked its economy that people are poorer today than they were 25 years ago. Of late, despairing of democratic change, they have simply waited for the 91-year-old to succumb to mortality.
The parched harvest and weak economy mean that their patience may soon be rewarded: if Mr. Mugabe does not die first, it looks increasingly possible that he may be pushed out by his party, Zanu-PF, over which his ruthless control is slip¬ping. To be sure, he has weathered economic and political cri¬ses before. But this time, things are different.

One reason is that Mr. Mugabe’s mental powers seem at last to be failing him. He recently read out the very same speech that he had delivered to parliament only three weeks earlier. Still more pressing is the fact that his government is running out of the money it needs to pay the public servants, especially policemen, and soldiers, who keep it in power and whose wages gobble up more than 80% of public spending.

In previous crises, Mr. Mugabe could usually pull a rabbit out of the hat. When his popularity fell, he seized land from white farmers and gave it to his supporters. And when, as a re¬sult, the money ran out, he printed more. Now Mr. Mugabe’s hat is out of rabbits. The government cannot borrow from abroad because it defaulted on its foreign loans in 1999; even China has balked at helping. Nor can it print money, because it was forced to adopt dollars to tame the hyperinflation that rampaged in 2008. And because Zimbabwe imports more than it exports, its supply of currency is shrinking, driving it into deflation. Official estimates of growth are divorced from reality. The amount of beer sold, a good measure of the econ¬omy, has dropped by 8% in the past year (see page 51). Electric¬ity in Harare, the capital, is often cut off Foris hours a day. Firms are shedding thousands of workers.

Zimbabwe’s only way out is to make peace with its credi¬tors, which include the IMP and Western governments, in or¬der to get new loans and forgiveness of its foreign debt, which stands at over 100% of GDP. This month the finance minister, Patrick Chinamasa, will present a reform plan that includes spending cuts and changes to some of the laws that are holding back investment, such as one insisting that all firms are major¬ity-owned by black Zimbabweans.

Be kind but firm

The dilemma for the West is whether to bail out the govern¬ment with debt relief and new loans or wait for the demise of the tyrant. The choice need not be so stark. Relative reformists such as Mr. Chinamasa should be encouraged, despite his re¬cord as a serial human-rights abuser when he was the minister of justice; even more sinister party chefs are sharpening their knives for the succession.
Western governments should lay down firm conditions for aid. They must form a plan that makes assistance and debt re¬lief depend on measurable economic and democratic reforms. But they need to hurry. If they act now they may influence the outcome for the better. If they wait until Mr. Mugabe has gone, a precious opportunity may be lost. ■

Welcome to New London

GIVEN a choice between Lon¬don and New York, many would plump for a melange of Mayfair and Manhattan: parks and palaces mixed in with delis and dynamism. For policymak¬ers, combining the best of both cities need not be a pipe dream. In the (admittedly technical) area of residential property taxes, the pair has much to learn from each other.

Each has a couple of strengths over the other. New York’s first advantage lies in the amount of money it raises. Overall, homeowners in New York pay 40% more, as a proportion of their residences’ value, than Londoners do. Economists argue that a good tax should focus on revenue streams that cannot avoid payment by moving away and that a levy should change behaviour as little as possible. Land taxes are particu¬larly attractive for this reason. Property taxes are second-best because the investment in a plot of land can vary, but unlike land taxes, they have the political advantage of already being in place. Here New York beats London because the more revenue that can be raised in an immobile home, the less the govern¬ment needs to tax other activity, whether that is work, invest¬ment or consumption.
The Big Apple’s other edge comes from taxing the stock of property rather than flows as houses or flats change hands. Almost 90% of New York’s property-tax take stems from an annu¬al levy on each home’s estimated current price. The corre¬sponding figure for London is just 55%. In Britain much more revenue comes from a stamp duty applied each time a proper¬ty is bought and sold. This policy fails the economists’ test of leaving behaviour unaffected: stamp duty is a deterrent to moving house and reduces transactions by anything from 8-20%. That locks some homeowners into properties they would otherwise leave. If people do not move as readily as they might in search of work, economies suffer.

London also has plenty to teach New York. First, its proper¬ty tax is more progressive than that of its transatlantic cousin. Following a series of recent tweaks, London now collects more than twice the rate on homes worth over £iom ($i6m) than it does on those worth less than £im. Progressivism should not be code for soaking the rich: both of these great global cities benefit from the plutocrats they attract. But London’s approach is better than the regressive of New York, where the cheap¬est homes pay the highest rates (see page 81).
London also gains from ensuring that its tax regime is more consistent. New York has made itself a lobbyists’ paradise. The city’s system of property-tax abatements, the largest of which was originally designed to slow population loss and later re¬packaged to encourage the construction of affordable housing, has become an epic boondoggle. Qualifying projects can reap tax cuts of up to 95%, costing the city over $1 billion a year, while identical buildings must pay full whack. This scheme Leaders 19 not only rewards developers who know how to milk the system, but also entwines government spending on affordable housing inside the tax code’That is less efficient than allocat¬ing funds directly. London is mercifully free of such hand-outs.
Put together the strong suits of each city, and what emerges? The optimal system would impose a relatively high, graduated levy on properties’ market value each year, with no excep¬tions. In London this approach could be implemented by scrapping stamp duty and modifying the council tax, which last had its price bands updated in 1991, to charge a percentage of each home’s current value. New York would have to aban¬don its abatements, and adjust its tax brackets to raise less rev¬enue from the cheapest homes and more from the priciest.

This would punish “asset-rich, cash poor” households—ie, those people, many of them elderly, whose residences have appreciated faster than their incomes have grown. So that they would not suddenly be forced to move, homeowners should have the option to defer a portion of their liability, with inter¬est, until they die or sell their house.

Mix and match

Even if a model of this sort were put in place, residential prop¬erty would still enjoy far too many special favours-whether America’s mortgage-interest deduction or Britain’s plans to end inheritance tax on family homes worth up to £im. But in tax, as in other walks of life, the best of London and New York is a combination that would be hard to beat.