Business degrees in India as a passport
to professional success have been popular for at least half a century. Never
before in human history have so many mega businesses been established to cater
to the needs of a consumer driven society. After the coming of science, the
industrial and technological worlds made it all possible. Yet, each year,
changes in software and technology bring new approaches and systems of
thinking. Artificial intelligence and virtual reality, getting work done by
robots and apps for running businesses have all transformed the business world
around us.
Global Institute of Business Studies in
Bannerghatta, Bangalore, trains efficient business managers who can cope with the
changes coming into the world of bushiness. Media and the corporations seem to
be an appropriate summing up of the present day world. Screens large and small
bring the media everywhere and social media attracts personal participation.
Communication has quickly reached across the globe and nothing is private any
more. The mighty world in the fast lane is controlled by mega businesses that
embrace the whole world with branches in several countries. It is hard to
imagine how gigantic these businesses are and the economic and commercial power
they wield.
A business world of
immense opportunities
Instead of thinking negatively, try to
understand how many jobs are being generated as lifestyles change and everybody
needs to be surrounded by gadgets and screens, wishes to shop online and
designer trends extend to every little thing. It may be sad that the traditional
arts and crafts are dying out, but let us hope that both worlds will continue.
The age of the
specialist
Having reached well into the 21st century
in 2018, we realize that specialization is essential in whatever field you
enter. Business graduates who also have a degree in pharmacy, engineering,
hospitality etc would be preferred because they combine two fields. Rising to
senior positions would require experience of some years, though promotions come
fastest in the business sector. The truth is that the present world is an age
of information with excessive data found everywhere, with so much available for
free. Duplicating information having become so easy, it is not valuable any
more. Yet, you should know how to use and apply the data, and it means nothing
for its own sake.
The rise of
blockchain technology
In the world of big business,
collaboration is important and blockchain technology helps digital transactions
and traditional approaches would become obsolete. IBM is collaborating with
Nestle and Wal-Mart while Accenture and Deloitte are developing alliances.
Artificial
intelligence is the way of the future
Gradually, it is found that AI can
replace some of the repetitive tasks once done by humans. The advantages of AI
are many like less expense and error free work, though machines might go wrong
too. Not only can machines perform tasks but learn independently and learn
deeply too with the chains of learning. Human control would still be required
to manage the tasks. The use of GPS in telecommunications is an excellent
example of the rich possibilities of AI. Research is busy finding more and more
ways to get machines to work with AI, and will finally reach every sector,
businesses particularly, in all their mighty manifestations.
Social media
interactions
Compared to the isolation of workers and
professional groups in the past, social media now backs you up with an endless
range of connections that can be local and global, according to wishes. The
give and take that would extend to business groups is breath taking as we
imagine the possibilities of collaboration and learning from each other. No
longer will anybody feel lonely and lost, able to sign in at any time from any
place over the internet into social groups, according to areas of interest.
Social learning
versus remote working
With working from home online becoming
practical and often necessary to avoid long journeys, offices are getting less
important as places of work. The home would be a more peaceful and productive
place to perform, though the office culture and colleagues would be missed. Just
imagine learning from online courses that often come free and compare the
tedious process to learning from social groups. Conversation for a few minutes
with seniors at the workplace may help understand complex concepts that would
have taken a week of lessons. The additional advantage is practicality and
realism that is absent from typed lessons and online virtual exchanges.
Payments are on the
rise
In spite of occasional hiccups, the
biggest motivation of money is gradually on the increase. Unemployment is
decreasing too and particular sectors and businesses are among them, do witness
an upsurge in wages, which is encouraging.
A problem based
approach to work
Having reached a sophisticated level of
development in business and in technology, the emphasis is now on removing
hurdles. Some online companies render such services that focus on removing the
problems that organizations face. Shall we call them Terminators?
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