Tabloid March-April_Complete Compressed

DOMS MONTHLY UNIVERSITY OF MAD S Monthy Events: Monday, March. 1 to Thursday March. 31. 2020 Foreign Trade and Export Business Opportunity and schemes to enhance foreign trade were discussed. The lecture focuesd majorly on topics like the Merchandise Exports from India Scheme (MEIS) and the offset infrastructural ineffi- ciencies along with the costs involved in the export of goods/products produced in India at higher export intensity, Service Exports from India Scheme (SEIS) aiming to export noti- fied services that extends to SEZ’s. The Status holder certification on various export threshold levels to export houses were also discussed. Interest Equalization Scheme was framed to offer benefits to all exports under 416 specified tariff lines and to On Tuesday, the 3rd March of 2020, students of the Depart- ment of Management Studies of the University of Madras had the wonderful opportunity to participate in a special lecture delivered by Sri. VARUN MEHER SINGH, I.T.S., Joint Director-General of Foreign Trade, an esteemed member of the DGFT under the guidance of the Ministry of Commerce and Industry. With a mission to bring awareness to the budding entrepreneurs among the student lot, his lecture brought before them a spectrum of countless opportunties ahead . Insightful views and information on various government policies “Management is doing things right; Leadership is doing the right thing” - Peter drucker all exports made by Micro, Small & Medium Enterprises (MSMEs) across all ITC codes. However, all the exports under the scheme would have to meet the criteria of minimum processing for the goods to be called as “Originating in India”. Numerous other issues relat- ed to trading such as EPDMS, ITC [HS] (Indian Trade Classification Harmon- ised System), eBRC, Rules of Origin, Authorised Economic Operator, PSIA Pg. 1

Foreign Trade and Export Business Opportunity (continued from pg. 1) ECGC, CQCTD, LUT (Legal Undertaking) & Denomination of Export Con- tracts were brought to the student's vision with a core idea of increasing their knowledge. The Impact of the Goods and the Services Tax on Foreign Trade were also explained on the basis of questions raised by Assistant Professor Dr. S. Usha. The session was an interactive one where the students posed many ques- tions and respected speaker clarified their doubts as and then it was raised. There was also a question raised on current issues - “When a calamity like that of COVID occurs whether the DGFT has any mechanism to curb imports from such coun- tries?”, to this Sri. VARUN MEHER SINGH, I.T.S. answered as follows; “Yes there is a Directorate General of Trade - Remedies that monitors and deals withsubsidiaries and counter measures during such calamities. Also, when notified by the DGFT about a certain event the DGTR issues a ban on the imports of certain product lines from the countries which impact the situation”. He also pointed out the important role of the Government in offering relaxations to traders while being strict in regulating the import of certain electronic goods and perishable items from specific countries during times of natural disasters. He also cited the ban on import of safety masks from China as an example. As we move towards utmost technological advancements in manufacturing and logistics, the need for availability of any regional product all across the globe has risen tremendously with the increase of immigration between cites and countries. This has in fact opened up a vast market for trading which once remained closed and within a nation’s boundaries. The importance of the timing being right for even a small-time player to MEHER SINGH, I.T.S. for taking expand, open up and rise along time out of his busy schedule to with the nation’s economy was share his views and ideas with the brought to the view of the business students and would also like to thank the MINISTRY OF COM- individuals with utmost clarity. On behalf of the student MERCE AND INDUSTRY for making community of DOMS, UNOM, I such an event possible. We would like to wish them would like to thank our beloved Professor and HOD (DOMS) Dr. R. the best of things in their future Thenmozhi, and our respected initiatives and endeavours for the Placement Officer Dr. Aravamud- Student Community. han for giving us this wonderful opportunity to learn about foreign trade and export opportunities in our country from such experienced professional. I would also like to add that we are immensely grateful Nambi Narayanan. S, PRO, VOX to our Guest Speaker Sri. VARUN cell, DoMS, UNoM, Chepauk. “A key to achieving success is to assemble a strong and stable management team” - Vivek Wadhwa Pg. 2

“Business Leadership In The Digital Era” – International Conference in DoMS, University of Madras. Thiru. Puniyamurthy in moderated the his Key note address discussion between covered a wide spec- Tmt. S. Vijayalaksh- trum on how the busi- mi, Vice president ness leadership has (Operations) ABITS transformed in this (P) LTD, Thiru. digital era. He Soma Valliappan, expressed his views Executive coach on the developments and Management in Malaysia with the introduction of Consultancy, Menmai Manage- digitization and highlighted various ment Consultancy and Tmt. B.R. business models that the compa- Preethi, Head HR, FE Fundinfo, nies have adopted to develop in the India. The first speaker addressed Industry 4.0. Thiru. Dr. Jagdish the transformation needed in the The Department of Manage- Kumar, presented his special current industry to build good ment Studies at the University of address on how Human Resources leadership skills. She discussed Madras conducted a one-day interna- are being handled in the current the tri-Athlon skills needed for a tional conference on “Emerging digital era. He gave a good insight leader namely Adaptability, trends and Practices of business on how Artificial Intelligence is used Thinking, Technology Savvy. leadership in the digital era” on the Dr. Soma Valliappan 6th of March 2020. The event was in the field of HR and also empha- preceded by Dr. R. Thenmozhi sized the ever existing need of Discussed varied topics starting Professor and Head of the Manage- human touch for AI. The inaugural with the influence of AI on ment Department along with Confer- ceremony was concluded with the Human resource development. ence Coordinators Professor Dr. J. vote of thanks by Dr. L. Kanaga- He gave a purview on various new Khaja Sheriff and Assistant Professor forms of employment and how Dr. L. Kanagalakshmi. lakshmi. The panel discussion they influence the work life of The inaugural ceremony was followed the inauguration ceremo- employees. Tmt. B.R. Preethi graced by chief guests Thiru. K. Puni- ny. Dr. Jagadesh Kumar Ayyanar added to this cord employee yamoorthi, Deputy Vice chancellor, engagement, trust building and Genovasi University College, Malay- sia and Thiru Dr. Jagdish Kumar digital leadership transformation. Ayyanar, Assistant General Manager, Air India Limited, Mumbai. The inau- The discussions were followed by gural ceremony commenced with the lighting of the Kuthuvizhakku interaction between the panel followed by welcome address by the HOD. Professor Dr. J. Khaja Sheriff members, delegates and presented the theme of the confer- ence. students. Two paper presenta- tion sessions were carried out post noon. Over 20 Delegates from various colleges presented their research work during these sessions. “Time is’nt the main thing. It is the only thing” -Miles Davis Pg. 3

International Conference on Business leadership in the digital era (continued from pg. 3) e-learning resources. The valedicto- ry ceremony concluded with certifi- cate distribution and vote of thanks by Dr. L. Kanagalakshmi where she thanked all the delegates and mem- bers who made this day feasible and possible. Altogether a great deal of knowledge transfer took place during the conference and it was a great experience for both student members and participants alike. The valedictory ceremony was ceremony as Chief guests. Thiru A. preceded with the welcome Anandan brought to light various address presented by Professor, aspects of how digital transformation Dr. R. Thenmozhi, HOD DoMS,. has taken shape in our country. He Followed by the summing up of discussed very interesting topics like conference by Professor, Dr, J. GEM, e-tenders and auctions, and devel- Kajasherif. Thiru A. Anandhan opment of Blockchain based NITI Aayog IAS, Jt. Development commis- and Supply chain immunization in India. sioner and Thiru. G. Balanarayan, Thiru Balanarayan gave a visualization General Manager, HR, Tata Con- of current trends in Industry 4.0 in India. He discussed on topics like benefits of sultancy Serveice graced the Gowri Rajagopal, CC, VOX cell, agility, SMAAC and encouraged the DoMS, UNoM, Chepauk. Making Hay students on continuous updation via Lockdown Self- reinforcement online resources through these later on the specified time. On 30th groups as a part of competency March 2020, GD was conducted in GROUP DISCUSSIONS enhancement initiatives have really the Marketing group on the topic The COVID – 19 pandemic elicited favorable responses from the “Corona corrodes e-commerce: lead lock down has forced our student community. Also, discussions Lessons learnt” and to facilitate the students to stay at home. The on the latest trends accompanied by discussion a couple of articles were active brainstorming in a quest to find also shared. Students participated VoX Management has taken this creative solutions to challenges in very actively by pouring in their opportunity to help enhance the each area of business management ideas. They presented their views student’s knowledge and innova- has proven to be a very effective way about bringing e-commerce back to tive ideas with the introduction of spending time during the lock- life – one of that being reworking on of special interest groups via down. Each group is meant to conduct their advertisement strategies by WhatsApp. These groups have discussion in each area of specializa- the enhanced usage of e – market- been formed to facilitate the tion - Marketing, Operations, Human ing platforms. Resource, Finance and Systems The role of e-commerce as a future placement activities of respectively. DOMS, UNOM. As expected, it very significant player in the days has evolved as a strong platform The first lockdown activity after the lockdown was also visual- to build their soft-skills as well as planned was a Group Discussion (GD). ized during the course of the discus- It was carried out for five days by the sion One of our students P. gather deeper insights in their heads of each Special Interest Groups. Pragadesh of first Year M.B.A. was respective specializations. Shar- Every morning two topics and of the opinion that companies could ing of information on certifica- relevant articles were shared in the take up the responsibility of provid- tion courses in latest trends and respective groups to be discussed ing basic amenities to the public just The art of e ective listening is essential to clear communication, and clear communication is necessary to Pg. 4 management . - James Cash Penney

Lockdown Self- reinforcement (continued from pg. 4) like the government. This could tion network of the other thus exhibit- Systems forum was conducted on help organizations build their ing perfect synergy in the face of such the topic, “Is AI a boon or bane for brand names and etch a mark in a crisis .J. Venkadesh, I Year, MBA management?”. The various positive underlined the need to strengthen and negative dimensions of AI in the minds of the people. On 31st march 2020, GD globalization and standardize the Management streams were was conducted in the opera- supply chain which was really a discussed at length. Gowri. R, I Year tions group on the topic, “How suggestion worth pondering upon. MBA shared her views on how AI It was then followed by HR has benefitted the managers around corona has affected globaliza- tion and the ways companies Group discussion on 1st April, 2020 on the world and also highlighted the could change their operations in the topic, “Impact of COVID 19 on HR advantages of using AI in decision order to retain their original practices” through which more ideas making. She also pointed out efficiency?” and couple of and thoughts were shared and various examples where involving AI articles relevant to the subject discussed by the students. Points put has led management professionals were shared .It was a wonderful forth by J. Vinolin Leema, I Year MBA, to commit mistakes. The discussion and a thought-provoking clearly highlighted the plight of the was overall a very enlightening one session. Many points from employees who work from home for the Machine Learning and the AI various students were discussed during this lockdown Another student enthusiasts. during the GD. S. Vishnu Pritham Mehboob Subahani, I Year MBA The Last GD was conducted I Year, MBA pointed out that stressed on the organization’s respon- in the Finance forum on 3rd April organizations could adopt sibility in ensuring the mental wellbe- 2020, under the topic, “The impact collaborative strategies with ing of employees working from home. of lockdown on household income their competitors such as com- and Ranjith I Year, MBA enumerated the steps and plans to be considered plementing their capabilities by the strategies to be implemented by to overcome this situation”. The GD mapping the inventory of one HR’s to engage and motivate their topic was an interesting one since organization with the distribu employees. On 2nd April 2020, GD in everyone could relate to the soring Wall of Fame J. Vinolin Leema S. Vishnu Pritham I Mehboob Subahani All Rounder Human Resource GD Human Resource GD J. Venkadesh P. Pragadesh V. Shriram Pg. 5 Operations GD Marketing GD Finance GD

Lockdown Self- reinforcement (continued from pg. 5) expenses incurred in running Many ideas and personal experi- their families. The need for ences were shared during these restructuring the nancial plan five days of discussion. The was felt quite necessary. Shri- students made it lively well as ram.V, I Year MBA, explained the engaging with their active partici- Do’s and Dont’s of spending. He pation. In a nut shell the GD also cited how changes in behav- ioral and lifestyle patterns could sessions were a wonderful cock- contribute in slashing nancial tail of knowledge sharing and expenditures. ‘How hobbies like confidence booster for our gardening could save money and student community at DOMS. help keep up health’ also formed the subjects of discussion. Some also highlighted e cient ways of RRiisshhiikkeesshh,RCaCm, VKOuXmacrelYl,, DoMS, cooking with available groceries UBNroouMch, eCrhedpeasuikg.ner, VOX cell, and edibles thus calibrating resource utilization. DoMS Talent Foot Print Students participations and Achievements in extracurriculars Students from DOMS Universi- “production dice”. Balaji won first ty of Madras, have actively place in “The best manager” event. participated in various events In “Stock wars” competition all and competitions conducted by three places were bagged by our various colleges like Women’s students from DOMS. test the team’s ability to communicate Christian college, Ethiraj college and work efficiently under time In another cultural fest constraints and activity was based on for women, Stella Maris conducted by the MBA department the 26 English alphabets. Our students College, Tagore College, Guru at the M.O.P Vaishnav college on team of four - Rishikesh Ram Kumar. Y, Nanak College of arts and January 22, 2020, titled “ZEST 2020”, Ilamurugu . R, Vishnu Pritham. S, Sreed- science, St. Joseph College of our student’s teams from the evi.A. from the first year bagged the Engineering, M.O.P Vaishnav first-year - Ilamurugu. R, Balakrish- first prize and were awarded cash prize college for women, MSSW nan. B and Sreedevi. A won the worth Rs. 2000. college, Jerusalem College of second prize in the “Mercatus” Similarly in another event on Engineering, AMET University. event and were awarded trophies. design thinking - “Design & Disrupt” They won various prizes and The duo Ilamurugu. R and Balakrish- where a real business problem was gained commendable experi- nan. B won first prize in a fun event proposed and the participants were ences through these events. named “Upside down”. Shriram.V, expected to come up with a holistic “Fenestra” was from first year MBA, secured the solution. Preethi B, Ranjith M, Divya B.V, Vishnu Pritham. S from first year MBA conducted on September 14, runner up position in “Best Manag- bagged the second spot and won cash 2019, by St. Joseph College of er” event conducted at the M.O.P prize worth Rs. 2500 and were awarded Engineering. DOMS students Vaishnav College, Jerusalem College a Certificate of recognition. The last actively participated in all the of Engineering and the AMET three months were really full of buzzling competitons and won the over- University. all championship award. activities and has unearthed the leader- In “ Innovatia 2020” - a ship and management potential lying Balakrishnan and Ashwin won cultural fest conducted by the MA latent among the student fraternity at first prize and the second prize (HRM) department from the Madras DoMS. was also bagged by team School of Social Work on February Geetha, Nandhini and Vignesh 25, 2020 our students participated in in an operations event titled “Alphabet”, an event conducted to Sreedevi. A, Treasurer, Vox Cell, DoMs, UNoM, Chepauk. “Leadership is working with goals and vision; management is working with objectives.” Russel Honore Pg. 6