May 2017 - CATKing Educare

De-Stress Yourself Before The Exam

It’s very natural for each student to experience exam stress. It’s an unavoidable part of student life. But stress exists for a reason and it can be used to drive you to improve your work. But unfortunately, stress becomes the reason for under-performance of many bright students. To combat exam stress, firstly you need to understand the reasons behind this heightened anxiety. Then only you can apply various methods to reduce the pressures you feel. Researchers have uncovered some common explanations for this: (more…)

How to start your career in Business Analytics

It is difficult for someone new to find out the best way to start a career in Analytics. As this industry is in its new phase, hence it gets difficult to find proper guidance. Also there is a buzz created about Business Analytics but very actually understand these terms. There are limited well designed path which one could follow to enter the field. To build a career in Business Analytics you can follow two approaches-

Like any other employment skill, there are 2 approaches to enter an analytics career:

Approach 1 – Get in touch, hired or trained by a company on the required skills be it on job or internal training.

These would be companies which have Analytics in their system and use it for their day to day decisions. This approach is better from long term perspective but yes it takes time and investment. Some of the companies known for using cutting edge Analytics (in India) are: (more…)

Name your price: The power of analytics

A new generation of pricing and revenue management practices can lead to meaningful results quickly.

In the travel industry, pricing has always been a tough job. Overprice an airline seat, hotel room, cruise cabin, or rental car today, and you won’t get a second chance to move that unsold unit tomorrow. Set the price too low, and you destroy value by selling out limited inventory too soon. No wonder, then, that the industry boasts some of the most sophisticated pricing capabilities anywhere. But in the era of analytics, those capabilities are looking increasingly outdated and inadequate. To meet the demands of large data sets and respond rapidly to fluctuations, targeted automation is a must have. Blame the Internet. An explosion of new sales channels, with price-comparison sites such as Expedia and Kayak, has ratcheted up competition and ever more frequent price changes. Digital technology and social media have also greatly raised the scope for one-to-one marketing — and made it possible to track the behaviors of millions of individual customers. As a result, pricing managers are faced with an overwhelming amount of information stored in a variety of places. For example, one travel company we know has three terabytes of pricing data in eight systems — including inventory data, current booking levels, historic demand patterns, and competitor information across thousands of categories. How can companies make sense of all this data — and use it to drive value? The answer lies in a new generation of pricing and revenue management practices that can yield meaningful results quickly. These have helped travel companies improve revenue per unit by 3-8 percent, and market share by 1-2 percentage points. But it is not just a matter of a software tool or a single new analysis. It requires a sharp prioritization, iterative building of tools, and hands-on engagement of many functions across the organization. (more…)

Putting advanced analytics to work

Putting advanced analytics to work

Putting Big Data and advanced analytics to work promise to transform the way many companies do business, delivering performance improvements not seen since the redesign of core processes in the 1990s. As such, these tools and techniques will open new avenues of competitive advantage. Many executives, however, remain unsure about how to proceed. They’re not certain their organizations are prepared for the required changes, and a lot of companies have yet to fully exploit the data or analytics capabilities they currently possess. Getting leaders’ attention Big data and analytics actually have been receiving attention for a few years, but the reason is changing. A few years ago the question was “We have all this data. Surely there’s something we can do with it.” Now the question is “I see my competitors exploiting this and I feel I’m getting behind.” And in fact, the people who say this are right. If you look at the advantages people get from using data and analytics—in terms of what they can do in pricing, what they can do in customer care, what they can do in segmentation, what they can do in inventory management—it’s not a little bit of a difference anymore. It’s a significant difference. And for that reason, the question being asked is “I’m behind. I don’t like it. Catch me up.” I get asked, “Who’s big data for?” (more…)

Success Stories

Big Data & Advanced Analytics: Success stories from the front lines

Big data and advanced analytics can transform business .Even though sometimes company have not able to capture true potential of analytics, some companies are already seeing significant values. These companies which incorporated data and analytics into their operation show productivity raised by 6% compared to the peers. Following are the three stories that show how companies have used advanced analytics to their advantage and had an impactful delivery.

Asking the right questions

As business grows, more data-rich the business becomes and hence this increases the importance of asking right questions. These questions are encouraged at the start of any analytical process because the scale of data makes it easy to lose the way and get trap in the endless round of analysis. Good questions identify specific decision that data and analytics will support so as to drive positive business impact. For example, two simple questions helped one insurer find a way to grow its sales without increasing the marketing budget. First, how much investment should be in marketing. Second was to which channels, vehicles and messages should the investment allocated. This helped in developing a proprietary model to optimize spending across channels by guiding the company as it is triangulated between three sources of data. (more…)

Merit and Demerit of Distance Learning Programs.

Distance learning is a way which allows any individual to complete any course of their choice anywhere and anytime. It helps students who are not able to be physically present at college. Distance learning program enables students as well as professionals to fill their educational aspirations. There are advantages of this type of education as well as disadvantages, following are the advantages and disadvantages. ADVANTAGES:

Job and studies at the same time:

This way of learning helps individuals at work to handle both, their work commitments and complete the education. It enables professionals to go for different online courses to update themselves and their resume. (more…)

Many Faces of E-Learning

E-learning is the new way through which one can learn anything and everything online. It is the easiest mode used to grab the opportunity of gaining knowledge about new things on the go. An individual can take up more than one online course and update their CV as well as increase their knowledge. E-learning helps students and professionals who want to go for distance learning. There are two types of E-learning such as educational training and corporate training. Educational training is related to concepts and topics that help school and college students to understand and clear their doubts. Subjects like Math’s, Science, English are taught. There are courses for corporate training as well, such as Digital marketing, and various other online courses. Benefits of E-learning:

Easy to access.
Better way of understanding the concepts.
One can complete more than one course.
It can be learned anywhere anytime.
Reduces time as compared to traditional learning.
Transportation costs is avoided.
Ability to repeat the course.
Fast Learning.

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New Paths to Design Management

Companies including Apple and Target have helped the buying public more aware and hungry for good design . The efforts of these firms leading to success has raised awareness within the business community about the economic value of design along with the methodologies it offers to resolve various issues. The number of graduate programs are increasing that encourages business communities to invest in design thinking and pursue MBA in design management. Know about MBA in Interior Designing! The Master in Design Management brings together a diverse group aspiring to initiate and lead change in emerging fields: Business professionals wishing to address business challenges through design, design practitioners seeking to acquire expertise in business and leadership, and entrepreneurs looking to develop transformative business propositions for an evolving global economy. Know about Fashion Merchandising and Retail Management! The result of this transformation will show itself in where design managers come from and how they are trained. Traditionally,those in corporations and firms who manage the development and application of design were trained as practitioners and learned business either on the job, through supplemental training, or both. Now business schools are offering an alternative path that combines their core strengths with the type of thinking that previously distinguished design practitioners and education programs. Read about everything you need to know about MBA in Design In a complex global economy characterized by rapidly evolving standards for the production and management of information, services, and experiences, leaders must exhibit flexibility and a capacity for innovation. Academically rigorous and industry focused, the Global Executive Master’s is specially designed for working professionals, preparing them to confidently create, manage, and lead design process–driven organizations.

Design thinking and its power to create positive change globally
Sustainable business models
Key principles of the evolving global economy
Design innovation and leadership
Management skills for creative projects and teams
Governance, regulations, and how both are transforming today’s global economy

Know Everything about Infrastructure Management In today’s rapidly changing world, businesses are increasingly required to have the ability to create opportunity out of the ambiguous, tangibility out of the intangible and create worth and wealth out of the constraints. This can only be achieved by the capability and the capacity to continuously contextually reinvent, renovate and ‘design’ their business strategies, processes, tools and techniques. The competitive edge of the enterprises of the future will be dependent on their ability and agility to dynamically steer and realign their modes of operation and further increase on their ability to master the intangibles and the multifarious. Basically, organizations will either win or perish based on their ability to detect and deliver to both, the minds and hearts of the consumers by being able to sense and serve not only what is wanted but also forecast and provide what maybe wanted in a way that is seeking to improve, evolve and enrich the life and lives rather than just be profit maximizing. Know about Infrastructure Management Abroad Businesses today have to be inclusive and holistic and maximize worth and dignity rather than just revenues. Such businesses require leaders who, apart from being entrepreneurial, can adroitly envision and decode the future, simplify the complex and offer enchantment. Such leaders have the ability to design contextually relevant imaginative, creative, informational and intuitive strategies, business processes, tools and techniques rather than just copy, follow and run the operations. They have the ability to design and make the future present. Management and leadership practices of today are found wanting to meet these requirements and direly need re-imagination. Design as a discipline has been addressing these issues and Design Management is a program specifically designed powered by design methodologies to meet these demands and fill these gaps. Read about the Top 10 Colleges for Infrastructure Management The narrative of indigenous design is replete with references to spiritual and cultural forces that are more profound than any individual’s intervention. Related Links: Click here to read about MBA in Fashion Designing and Business Management Click here to know why Retail Management is the most sort after course? Click here to know the 5 things a CET Topper does!

Ways to crack Xaviers BBA Test

Ways to crack Xaviers BBA Test BBA Bachelor of Business administration is a Bachelor’s degree in management. It is designed to impart knowledge of various functional areas of Business organization and also their interconnections. Bachelor of Business administration is a combination of Management, Economics and Commerce subjects. Also read : https://catking.in/important-quant-topics-for-cat/ The BBA programme is divided into six semesters, each semester of six months. A student will have the choice of selecting a specialization from the following domains of Management:

Marketing Management
Financial Management
Human Resource Management

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Is Sales and Marketing the Same Thing?

Sales and Marketing in their own way help the company in gaining profits and revenue. It is as a matter of fact is all about making sure that your product or service is in the hands of as many customers as possible. It is about seeing the need of the customer and selling the product accordingly. Not by showing of the features of the product but showing that it fulfills the need of the customer. Whereas, Marketing refers to making sure that each customer out there has the knowledge about your brand, product, service and your company. Marketing is all about communication. So, to answer the question on which this article based on…… NO! Sales and Marketing are not the same thing. (more…)

Monthly Archives - May 2017