Student centered experiential learning is the core of any business management education. Simulated teaching methods link theory with practice and develop individuals ready to face the corporate world. Use of simulations help build the confidence of the participants leading to understand the real business problems through the virtual reality resulting in reinforcement of the desired behavior by the mentor. The critical thinking skills of the students enhance as they encounter the problems and solve them in teams.
Simulations are best technology enabled learning tools which help participants look at the real world problems where they can make mistakes, learn from them and apply the learning before facing the real world. A well-designed simulation can be self-empowering, enjoyable experience leading to the application of knowledge providing real perception of the situation. They can be customized accordingly to meet the requirements of any business management course. Most of the simulations are user friendly and web based keeping the participants engaged.
This technique engages students to work in teams providing a dynamic learning environment which leads to creation of layer of knowledge and finally retention of what one has learnt. It leads to experimentation and failure and then again learning from failures. One can learn, track and optimize the learning environment with this technology based technique.
Simulations use real-world situations and enhance student learning. This leads to holistic thinking, development of managerial and social skills through proactive decision making. The students get feedback which is critical to build competencies. They get into the role of marketing managers, strategists, sales executives, human resource, finance, supply chain specialists, and entrepreneurs in real organizations through this virtual tool. Use of simulation fills the space that exists between the knowledge of graduating students and the actual skills required in most business situations. They make learning fun while keeping the teams engaged imbibing knowledge and getting ready to take the challenges of the real corporate world.
The Students of Integrated Marketing Communication course presented the Telanto Challenge for LACER on the development of a new product innovation for Lacer Oral Care along with an integrated launch strategy in front of Mr. Francesc Pubill Coy from LACER Personal Health
Earlier, a supply chain leader was a tactical position because it included one with specific expertise on things such as warehousing equipment, shipping routes, and fuel costs. Today, the profile of a supply chain leader is immensely different. Supply chain leaders are strategic leaders and are focusing on the overall growth of the company, not just their part in it.
The need for smart, strategic supply chain leaders is crucial as organizations now are spending a large amount of money on their supply chain processes. Whether it’s gathering business intelligence to help make better decisions, or building relationships with suppliers and stakeholders, supply chain leaders require a new set of skills above and beyond logistical knowledge.
Thinking beyond the supply chain:
Today’s supply chain leaders need to have business skills in order to drive results and accelerate revenue for their respective companies. This requires a more strategic approach, and a more strategic mindset. Some characteristics of a successful supply chain leader include:
Business Acumen: Supply chain leaders are no longer relegated to their specific expertise; they are now a critical part of the overall business. The involvement is complete right from speaking to the CEO in terms of ROI, or discussing cash flow with accounting, these professionals must see beyond the supply chain and see the business as a whole.
Global orientation: All senior business executives today need to be globally capable. Global sourcing and global supply chains have expanded tremendously in recent years, for both retailers and manufacturers. There are few companies that do not either source globally, sell globally, or have competitors that do so. Therefore, supply chain executives must manage, like never before, an enterprise that extends across continents and must deal effectively with suppliers and customers worldwide.
Leadership: Supply chain leaders are no longer hidden in the background; they hold prominent positions in companies. They must not only lead their team to create an effective and efficient supply chain, but they must also be able to collaborate with other departments and external stakeholders to drive cost savings and revenue generation.
Information Technology and Automation Knowledge: Supply chain is all about people using technology as a tool. Nothing is more important than working on your people skills if you want to be a successful supply chain leader
The Skill of Flexibility: The one thing you won’t find on this list of supply chain leaders’ “must have” skills is innovation. You don’t have to be an innovator to be a good supply chain leader, but you do have to support and drive innovation. Flexibility is the skill that will help you to do that.
Demand for the most talented supply chain professionals will continue to rise, and hiring and retaining them will continue to tax the best organizations. It is obvious that companies must “sell the opportunity” to candidates much more adroitly.
IMT Dubai campus sets an atmosphere that motivates a student to learn and explore, and derive benefits from interactions with the multinational student community of the Dubai International Academic City (DIAC). The DIAC is a purpose-built campus exclusively for colleges and universities. It provides a single location for post-secondary education in the Emirate bringing together 30 institutions from 13 different countries, allowing students and faculty coming from different institutions to connect and learn from each other.
IMT Dubai occupies an entire stand-alone building covering approximately 250,000 square feet, divided into blocks and areas. The campus is built in a contemporary fashion, with hi-tech learning centers, mock trading rooms, an up-do-date library, video conferencing facility, a Reuters terminal and more. The in-campus cafeteria offers multinational and international cuisine to the students. Students also participate in various festivals and theme events hosted by IMT Dubai and other schools of the Academic City. The whole environment gives the students a comprehensive learning experience as well as a chance to understand what it means to be a global citizen.
Ranking and Recognition: In addition to local accreditation, the MBA program at IMT Dubai is accredited by the International Accreditation Council for Business Education (IACBE), a premier professional accrediting organization for business programs in student centered colleges and universities throughout the world.
At the end of the program, students are conferred with an degree accredited by the Ministry of Higher Education in the UAE. This greatly enhances the international acceptance of the degree, thereby giving impetus to higher education and careers, globally.
The academic qualifications granted by IMT Dubai are certified by KHDA are recognized in the Emirate of Dubai by all public and private entities for all purposes.
Impromptu meets, group studies, activities all around the corner, the buzz that is always on at IMT. The recent buzz created was an event that had over 450 students from all over UAE. You can imagine the hype and the energy at the campus, with the students of IMT pitching in and welcoming the lot. The event was an Interschool Literary challenge. A day for fun, a day for learning! With a lot of activities lined up, the event gave the students a chance to sneak a peek into the college life that awaits them. We started off with an assembly followed by a lot of activities lined up for that got the ice breaking and a lot of interaction and laughter. We had debates and elocution that got the speakers in them up and running. We had creative writing for the budding writers out there. For some more laughter, there was of course a dumb charades game! Followed by what’s the good word, some very beautiful collages and painting for the artists. That wasn’t all, there was a lot of unanswered perceptions about college life and the choices to be made in the future, and IMT was there to sort it out. The students interacted with the IMT students on campus and answered a whole lot of queries about college life and options one could chose after schooling. Overall it was a day of learning and fun at IMT, where even we, students of IMT relived the school life.
Dr Sharad Nair from Apex Advisors DMCC gave an insightful talk on “How to grow rich and stay rich”. He gave some tips as to how to invest in a prudent manner and also emphasized the importance of striking a work-life balance.
IMT Dubai conducted the Management Lounge Meetup October 2017 at the campus in DIAC. The theme of the event was “Innovation in Management” which was graced by prominent personalities from various schools in Dubai.
The workshop presented by Professor Jeremy Williams encouraged the participants to reflect on what it means to be a professional educator, school administrator or counselor in the 21st century. Its main purpose is to critique some of the popular beliefs about the characteristics of the current generation of students in schools, and what strategies might be employed to foster student engagement. The workshop also shared the possibilities and probabilities of employment and employability in the management side in current job market.
The Management Lounge Meetup is a unique platform that reaches out to our school partners for an interactive-academic collaboration. This is an initiative that benefits the principals and students through university engagements, projects, and talent-need collaborations.
Here’s a quick glance at the event conducted at our campus: