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SamvaaD

SamvaaD

An ounce of prevention is better than a pound of detection and correction when it comes to organizational security” By Ayushman Baruah

This statement clearly emphasizes on the importance of having an Information Security policy within an organization. Security Policy is the sum total of the rules that regulate how an organization manages and protects its information and computing resources.

As a part of the SamVaad(Industry-Academia interaction) series, Mr. Vishal Salvi (Chief Information Security Officer(CISO) – HDFC Bank) was invited to SPJIMR campus to present on the topic of “Information Security Trends and Role of CISO” on 5th April ’09.

Vishal Salvi

Vishal Salvi

Mr Salvi has 15 years of industry experience having worked in Crompton Greaves, Development Credit Bank, Global Trust Bank, Standard Chartered Bank before taking on the role of Chief Information Security Officer & Senior Vice President at HDFC Bank. Prior to joining HDFC Bank, he has worked in Standard Chartered Bank for eleven years and played variety of roles in IT Service Delivery, Governance and Risk Management and Information Security. At HDFC Bank, Vishal heads the Information Security Group and responsible for driving Information Security strategy and its implementation across the Bank & its subsidiaries.

Mr. Salvi, an erudite speaker, started the discussion on emerging IT models – Cloud Computing and SaaS (Software as a Service). He discussed how Technology is changing with a rapid pace and very soon “IT will be commoditized” as “Ration is commoditized” or it will be something similar as selling water from the tap. Through his simple yet effective presentation, we were exposed to emerging trends in the Information Security. Some of them were as follows:

  1. Cat n Mouse – Information Security and IT are like Cat and Mouse where Information Security is trying to keep pace with IT and chase it continuously

    Cat n Mouse

    Cat n Mouse

  2. Real Risks vs. Perceived Risks – Relating it to the perceived/actual risks while flying or driving. Many people perceive flying as high risk and driving as low risk.
  3. Sellers know more than the buyers – It’s like the knowledge of a vegetable vendor about the vegetables will be more than the buyer of the vegetable. The same concept applies to Information Security as well. This fact highlights the fact that Outsourcing information security is a huge opportunity to large companies. Today when you call a 1-800 or other free phone customer service number you may be seamlessly routed to a call center across the world. There will be a time soon when an identity management system or vulnerability management system may automatically route an issue to be dealt with in the most effective way (cost, quality or speed) for the company.
  4. Organized Cyber Crime – Cyber scams is quickly converting into an organized sector of Cyber crime. Organized crime groups are using the Internet for major fraud and theft activities.

    Devil @ Cyber Crime

    Devil @ Cyber Crime

  5. Diminishing Network boundaries / outsourcing – The industry is still in band-aid mode. It is still evolving and needs to move from Band Aid mode to prevention mode. In this global environment, there is a need for security on Replicated/Federated environments.
  6. Prove Security – How do make sure that the lock was not broken? Audit mechanisms and Digital Rights Mechanisms (DRM) are upcoming fields in this area.
  7. Is compliance still driving Security? – Compliance is more important in mature markets where governments are increasingly enforcing laws and regulations. IT security spending is driven from a business perspective rather than a regulations or standards perspective. That means businesses are more paying attention to customer needs like privacy, and critical information like financials, than to external factors.
  8. Drivers of the Security – Cost, Risk and Compliance
  9. Technology Focused or Business Focused – Information Security is moving from Technology focus to Business Focus. In today’s collaborative business environment, organizations need to integrate their business processes, both internally and externally across the value chain to maintain their competitive advantage. Enterprise Business Integration (EBI) links the IT applications driving these business processes together providing complete, transparent and real-time access to information, in order to realize financial and operational advantages.
  10. New Frameworks – Due to increased regulatory drivers as SOX, BASEL II, need for advanced risk management capability using ERM (Enterprise Risk management) and ORM (Operational risk management) frameworks is rising

A complete jargon free, simplistic chat was what we got with a clear picture on the changing trends in the Information Security. He also covered 21 building blocks of Information Security and the interrelation between each of them. He was absolutely brilliant, in the message he was trying to deliver, the method how he delivered. What was really unique was his blending of humor into his speech and the use of analogies to explain the concepts.

In a nutshell it was very stimulating session which both the students and Mr. Salvi enjoyed. After the stimulating session on emerging trends of Information Security and the challenging role of a CISO, I am sure many of us might consider Information Security and Risk Consulting as a potential career post MBA.

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PGPM beat a team from TCS in a friendly cricket match held at SPJIMR’s cricket ground on 22nd March, 2009. PGPM successfully chased the score of 88, making 90 runs from the loss of 7 wickets, thanks to a late partnership between Arun KA and Pankaj Kumar. The chase began with a slow run-rate and wickets falling at regular intervals, bringing the visitors into a very strong position. However, the target was achieved with a boundary and an over to spare.

Earlier, the visitors began at a steady pace scoring regular boundaries. Some tight bowling by Pankaj Kumar and Sachin put breaks in the scoring rate. TCS completed its innings at the score of 88 for the loss of 6 wickets, with opening batsman Kiran being the top scorer with 38.

The match was played in great spirit by both the teams. Gautam and Mihir did the umpiring and Sandeep covered the match with his camera. Some of the pics are shared below.

Pitch preparation in full swing

Pitch preparation in full swing

Sawant cleaning up Vinod

Satish cleaning up Vinod

Pankaj Fadnavis plays a cut

Pankaj Fadnavis plays a cut

The victors - PGPM

The victors - PGPM

The visitors - TCS

The visitors - TCS

The Prize money

The Prize money

Earlier, PGPM also defeated a team from Sardar Patel College of Engineering in yet another friendly.

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  • It was inaugurated in 1981 by the erstwhile Prime Minister of Britain, Lady Margaret Thatcher!
  • SPJIMR was ranked the seventh best MBA school in South Asia by the Singapore-based Asia Inc magazine in August 2003.
  • Business World rated the Institute No. 9 in a survey of India’s Best Business Schools in September 2004.
  • SPJIMR is one of the five institution selected by Wadhwani Foundation from 189 Indian Institutions to become the member of National Entrepreneurship Network along with IIM (A), IIT (Mumbai), BITS (Pilani) and IBAB (Bangalore).
  • Based on SPJIMR reputation, quality of management education and infrastructure facilities, the Ministry of Education of the Singapore Government with whom SPJIMR has academic collaboration, accorded S.P. Jain Centre of Management a degree awarding institution status. There are only three other institutes from INSEAD (France), Chicago Business School (USA) and University of New South Wales (Australia) to receive this status.
  • The alumni newsletter is called SPAN – SPJIMR Alumni Newsletter
  • The annual alumni meet of SPJIMR students is called SPANDAN.

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There is a significant difference between pursing a Two-Year MBA and One-Year MBA programme. The target audience for both courses is relatively different and one can correlate it to a sieving process where particles settle from course to fine grain depending on sieving technique adopted.

Generally people take experience as the driving factor in making a choice for  a One-Year MBA programme but they miss the moot point about how a One-Year MBA would enhance there positioning within the industry. If one opts for a One-Year MBA in mid of his career, then it becomes very important for him or her to answer the following question-“how will he or she position themselves post MBA in the industry?” This is not a question which necessarily needs an answer while pursuing a Two-Year MBA programme. Participants in a One-Year programme have to be focused and premier institutes like S.P.Jain don’t even treat them as students while conducting the One-Year full time programme. It can act like a catalyst for participants who are already commanding mid-management positions allowing them to gain better understanding of there existing environment, where as who have just now stepped in to the mid-management arena can leverage good understanding of various business areas that may prove to be essential in leading successful teams.

One-Year MBA programme is very regress unlike a Two-Year programme for obvious reasons!!! , it will last for eleven to twelve months with an abbreviated learning approach to core subjects. S.P.Jain makes it a little easy by leveraging e-Learning as a mechanism to ramp up its One-Year full time participants on core subjects during the pre-foundation phase so that they have less bumpy landing once the course goes into full swing. It allows you to get exposed to larger talent pool which brings with it varied experience across different industry verticals. The learning goes beyond class rooms as you have participants sharing there experience and trying to relate it to a topic at hand thus accelerating the overall learning process. Positioning of One-Year programme at S.P.Jain is very exciting as it allows greater industry interaction in form of professional industry guest speakers due to its physical presence in heart of Mumbai-The Financial Hub of India.

It is very important to realize that whatever choice of MBA programme is made by an individual , it would always be a value-add but when you would realize its full potential would depend on “when” & “why” you made a choice to do MBA. Over a period of time there has been this conflict of interest between the traditional Two-Year versus the One-Year programme , which I don’t see why it so happens !!! Take for example a cricket test match which happens to be purist form of cricket but now we have evolved from one-day to a T20 format & at every stage of this change there was significant opposition in adoption of the formats in the cricket world …It is necessary to understand that One-Year programme is a response to the external stimulus which is the industry itself…Two-Year programme allows you to embrace any industry whereas a One-Year programme can primarily help you with current career and field of work thus furnishing a better organic growth of leadership in your current industry / organization.

It is pertinent to understand that a One-Year programme does not cannibalize a Two-Year MBA & both modules are aimed at achieving excellence at work place via different access paths.

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This file was found thanks to coolavenues.com. The file below in PDF format has a lot of details about placements.

Click on the icon to download the report from Mint in PDF format.

Details:

  • Article from Mint newspaper dated May 5, 2008 Issue, Page 18.
  • Source of the information : Coolavenues
  • Type of file : PDF (1 page)
  • Size of file : 3.82 MB

You may also want to check out these links:

http://www.livemint.com/coolavenue.htm

http://www.livemint.com/mbaplacements.htm

2007 stats:

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If you have landed on this blog while surfing the web for information on “1-Year” MBA programs, then this is the post meant for you. Let us get some things right first, OK? What are the various ways in which one can obtain the coveted MBA degree? (Just for clarity though, not all colleges in India award a MBA degree! But we use this as a general term in this article.)

There are the following means to obtain the business knowledge, aka MBA:

  • Distance education programs
  • Evening or part-time MBA programs
  • Traditional 2 year MBA programs (in India or abroad) OR
  • The 1 year MBA program

I am sure that most of you know about the first three types which we talked about on top. It is the fourth one, which is relatively new. So what is so different about this “1-Year” MBA program?

Consider a situation. You have been working after your under graduation for a couple of years now. You have learnt the basics about your job, the way your company functions and now you are yearning to learn more, do more. For the people who are inclined towards managerial types of work – the immediate answer to fill this gap of knowledge and excitement is the MBA degree.

But before that what does one want from a MBA degree? If you asked this question in an interview, you would probably say “I want to learn. I want to acquire knowledge!”. But the same question from your friends and you would say “I want to earn a lot of money!”.

Jokes aside, most of the aspirants of MBA want a quantum leap in their career which also translates to higher salaries. Now, with this objective in mind, and the fact that you have three to five years of experience, (wait – I said a couple of years before, right? Yes but you need to imagine faster than I can write.) you need to re-look at the four types of MBA options in front of you.

If you are observation skills are good, you would notice that the first two really give you just the degree. The fun of peer group learning, case studies, networking really don’t fit into the equation when you are into distance education learning or evening classes for MBA.

So that leaves you with two options, either the traditional full blown two year MBA program or the richer, creamier one year program.

Now most of you are not yet into the B-School, and neither am I into one completely. But in our orientation we learnt the following in our economics class – Opportunity Cost!

For every year that you spend NOT working, you are actually paying a cost. Assume that your current job pays you 5 lakhs per year.

Case 1: You take a 2 year MBA program at a total (hypothetical) cost of 6 lakhs. Do you know that your net investment into the MBA is 5+5+6 = 16 lakhs?

Case 2 : You do the 1 year MBA program at a total (hypothetical) cost of 8 lakhs. The investment for MBA in this case is 5+8 = 13 lakhs.

Financials aside, a one year MBA program is more rigorous than you can imagine. While a two year program can have classes till three in the noon, we slog and enjoy our classroom sessions way beyond the 5 o’clock mark in the evening. And this is just the start for us.

It is not that we learn only half of what the regular two year program chaps do, but by compressing two years into one, we learn one of the most crucial aspects of business – TIME MANAGEMENT.

The increasing number of colleges offering the one year program is a testimony to the fact that the “1-Year” MBA is the new “2-Year” old MBA!

We students who represent the fifth batch of PGPM at SP Jain Institute of Management and Research are looking forward to an exciting year ahead in 2009. Here is when we would be “back to school” in the strictest of senses.

With almost no breaks and constant learning – all of us have to step up our tempos and enthusiasm levels as we open our minds to the world of business learning.

To peace, learning, fun and fulfilling careers ahead !

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More good ratings for S.P. Jain Institute of Management and Research. Livemint, a leading business newspaper in India has published their B-School ratings on September 12, 2008. Their methodology separates Government run B-Schools from Private ones. As per their rankings for Private business schools in India – SPJIMR is ranked No. 2! It is preceded only by XLRI Jamshedpur.

Here is a clipping of the ranking:

Click on the image to enlarge

For complete details please visit : http://www.livemint.com/SectionPages/MBAEducation.aspx

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