Hard Work Will Always Pay!

Everybody dreams! And everybody should dream!

But this dream does not come true by sheer magic or pure luck rather it requires a lot of sweat and determination to bring to life.

Attaining success is a three step process, a lot of preparation, hard work and perseverance which includes learning from our failures.

Sometimes the out-shot may be different from what we had expected but we should not lose faith on the truth rather introspect what went wrong, may be there was a shortcoming in the preparation or may be perseverance was missing or may be we were not fit for that work as it may not be suiting our temperament. No one will deny that the aftermath will help us somewhere in our life.

As a matter of fact goal achieved by lazy means or illegal ways will not yield as much happiness and taste of success as path of hard work gives us, it makes us sensitive to the needs of others.

There is no substitute to hard work, the lock of permanent success is only opened when we have the key of hard work and persistence.

Nature gives us so many examples, look at a honey bee making a hive or a spider making web, these are all examples of perseverance and hard work.
When I was a small girl my mother once told me a story, once few students were watching a butterfly coming out of a cocoon, it was consuming so much time in coming out, a student standing next to the table took pity and helped it come out without struggling, you know what happened next, the butterfly could never fly, the wings become strong during the struggle of metamorphosis which the butterfly missed out, think about it, did the child really help the butterfly?

Hard work spotlights the personality of a person, we may turn our sleeves and get ready for all the challenges, we may twitch our nose or the losers will not turn up at all. 

Industrial Tour - IBS GURGAON

IBS GURGAON

INDUSTRIAL TOUR

IDPL

(Indian Drugs and Pharmaceuticals Ltd.)

IBS Gurgaon conducted an industrial tour for its students to expand their knowledge bank and get an insight of the actual working world. It gave the students an opportunity to get an insight of the company, know its past experience and the future strategies that they’re planning on.

Indian Drugs and Pharmaceuticals Limited (IDPL) is a public sector pharmaceutical, bulk drug manufacturing and drug discovery company owned by the Indian government, headquartered in New Delhi, and located in Hyderabad, Gurgaon and Rishikesh. The company is involved in patent development alongside, National Institute of Pharmaceutical Education and Research to provide affordable drugs, and has recently released three over the counter drugs.

IDPL played a major role in the strategic National Health Programmes like Family Welfare Programme & Population Control (Mala-D & Mala-N) anti-malaria’s (Chloroquine) and prevention of dehydration (ORS) by providing quality medicines. During the country’s calamity of outbreak of Plague in 1994, IDPL was the only company which played the sheet anchor role in supplying Tetracycline for the entire Nation.

The event started with Mr. Sanjay Kumar, General Manager, IDPL, addressing the students, sharing the background of the company, its products, the sick phase that it went into and how it’s now recovering from that phase.
After Mr. Kumar addressed the crowd, he along with the participants and the faculty members, Prof. Bhawna Chhabra, started with the tour of IDPL from the Production Department.

The students got a chance to see live manufacturing and packaging of the medicines, how the inventory was being managed, raw material management, various quality control measures, how efficiently was the man power being used etc.

Production department had this huge hall with all the technical machines, the students were explained about the working of various machines and were also shown how they work. Post which they were taken to the final plant where the raw material were being converted into the final product.

The students got to see how the tablets were made, what raw materials were used, what machines were used for what purposes and the last stage, the packing stage wherein they learnt how those small little pieces of chemicals, good for your health, get into those shiny plastic and aluminium packaging.

After the tour ended, Prof. Renu Verma, Academics Co-ordinator, presented the token of appreciation for giving IBS students the opportunity to visit IDPL plant and learn about the IDPL was formally declared sick by The Board for Industrial & Financial Reconstruction (BIFR) But to its rescue, soon enough the government stepped in and planned for its revival putting in capital injections starting 2005 and since then IDPL is slowly and gradually trying to match the pace and come up from the sick phase. The government believed that the revival of the company would help provide essential medicines and generic drugs to central and state government organizations at a reasonable prices.

It launched three new OTC medicines in 2009 and working on new products since then. Recently it received 200 crores of investment from the government for its revival.

We hope the best for IDPL.

BUSINESS ANALYTICS - IMPORTANCE

To start with let's first get to know what exactly do we mean by "Business Analytics"?

Let's understand the individual meaning of Business and Analytics. Obviously you all must be familiar with what business is?
To talk about "Analytics", it's the meaningful discovery and communication of data patterns. It uses statistics, various computer programming and operations research to quantify performance. It communicates the insights of a particular task through data visualization.

Therefore, in simple words, business analytics is the study and meaningful interpretation of various business data, drawing conclusions out of them and reaching a decision.

IMPORTANCE

Business Analytics plays a very important role in a successful running of a business because change is the only constant thing that needs to be constantly dealt with. 
Changes keep on happening whether its your business, your target market or the industry as a whole. In short, changes can be micro or macro and in order to successfully run your business or a company, it's of high importance that proper business analysis takes place at the right time and at right intervals.

Business Analytics helps a business in the following ways :-

1. DECISION MAKING

It helps to take better decisions as the data is well analysed and is factual based. The decisions taken do not rely on approximate data/values. Therefore, correct and accurate decisions can be made with the help of Business Analytics and various related tools.

2. FUTURE FORECAST

Taking information gathered from different sources and analyzing the information helps to forecast the future trends that can be made in a business. This would help in formulating ways to improve business strategies, business operations and making smart business decisions to progress the company's bottom line.

3. INFORMATION

Business Analytics helps the managers to circulate precise information to the team members which helps the team to understand the business plan effectively, to efficiently work together in an organized manner and come up with a plan that will bring higher chances of success for the company.

4. CHECK ON FINANCE
Business Analytics includes financial analysis which consists of budget analysis, cash flows, inventory costs, profit and loss statements, balance sheets etc. With an effective financial analysis, a business can have the capacity to identify spending waste and streamline operations which will make a more profitable business.

Therefore, to sum up, the significance of business analysis is that it ensures that the decisions that are made are beneficial for the business and diminish incidents of unrealistic expectations which could later on result in disappointments and even loss of revenue. 

Our 2-Minute Hunger! Our 2-Minute Food!

“Nestlé’s Goal 2020 Packed with Health” Well that’s the headline read in a
newspaper article I recently read. ‘’Nestle India has committed to providing
nutritionally sound products designed for children; reducing salt, sugars, saturated
fats and removing trans-fats from its product.’’

The firm also said it would “encourage consumption of whole grains and vegetables,
deliver nutrition information and advice on all our labels, provide portion guidance
for consumers, promote healthy diets and lifestyles, including physical activity and
ensure responsible marketing communication to children“.

If I’m not wrong, don’t you think that’s what MAGGI always said in all its prior
advertisements?
“Taste bhi, Health bhi” is one of the most famous tag lines of Maggi noodles
endorsed by the famous actress Madhuri Dixit.

Don’t the new Maggi Oat noodles say the same, but then, why did it come into the
market without getting passed by the Food Safety & Standards Authority of India
(FFSAI). That’s a question to worry about.

Maggi is all in the news for its high LEAD component and MSG (monosodium
glutamate) presence contrarily to what it states on its labeling of the pack with the
line `No added MSG'.

But, has Maggi just violated the food laws and business ethics? Or more than that?
Hasn’t it played with our values – A crucial part of its business – Us, the
CONSUMERS? Till recently, it enjoyed the unequivocal trust and faith of mothers,
children and people alike across all strata. Discovering that it has harmful contents
is certainly a breach of trust.

Maggi noodles became an integral part of the Indian diet after being launched in
the country in the early 1980s. Nestlé’s troubles began when excessive levels of
lead were found in samples tested by the Uttar Pradesh regulator.

Well, although it hasn’t been proven yet if the lead content is really high and unsafe
for us or not as many states and countries including Singapore (with the most
stringent food safety policies) have announced Maggi to be safe for human
consumption but whatever the resolution, somebody will come out of this not
looking too good. If Maggi is problematic, then one of the most iconic of brands,
distinctively Indian in spite of being owned by a multinational, will have been
severely dented.

Also, if it gets through the trouble and proves itself safe, would it be able to get
that trust back?
Would it succeed in retaining that faith of mothers who gave nutritious 2 min Maggi
as a substitute for lunch to their children?
Would they look at Maggi with the same belief?

That are some of the important questions revolving around our heads and I doubt it
would have the same place in our hearts as it did before.