The Future of Supply Chain Management 

There is a fundamental change in how we manage, transact, and optimize resources worldwide. Managing the supply chain is a back-room kind of activity that has become a strategic interest for organizations operating in the uncertain, digital transformation, and globalization environment. Whether it be the effects of global pandemics or changing customer demands, our supply chains have been challenged, and the lessons are obvious.

In order to be competitive and resilient, we should embrace more intelligent technologies, develop sustainable processes, and train employees who can work with the complicated global networks. Whether you are a student of management or a working professional looking forward to career growth, it is more important to know where the supply chain is leading. Join us as we examine the future and how we are able to prepare ourselves for the same.

Why the Supply Chain Needs to Evolve

Supply chains are no longer merely a transaction between point A and point B, as was seen in a world defined by digital acceleration, global disruption, and consumer growth expectations. They are today a key support system for any business activity.

The days when the supply chain used to comprise logistics and inventory are long gone. The modern market requires real-time responsiveness, decision-making founded on data, and the ability to weather any eventuality. In a bid to overcome these challenges, firms are reconsidering their supply chain designs by incorporating technology, sustainability, and smarter human resources.

Tech Trends Shaping the Future of Supply Chain 

1. Artificial Intelligence and Machine Learning

Supply chain planning and operations are fast changing with the use of AI and ML. Through big data analysis, including past and real-time data, AI enables businesses to make forecasts, plan their routes, minimize the cost of inventory, and identify anomalies.

Just think of a system that, in addition to what will sell, dynamically balances any supply chain activities. This change of action from a reactive to a proactive one is changing the way companies manage business risks and respond to market changes.

AI-oriented modules in operations and supply chain programs are being included in the curriculum in many institutes, including the Welingkar Institute of Management Development and Research, so that the students are prepared to work in an AI-assisted world.

2. Blockchain for Transparency

The multi-stakeholder supply chain is crucial to trust and traceability. Blockchain technology will make certain that all transactions, including raw material acquisition and final delivery, are recorded safely and cannot be altered.

This is necessary in such industries as pharmaceuticals and food, where authenticity and compliance are not negotiable. Blockchain makes auditing easy, minimizes fraud, and makes accountability upstream and downstream.

3. Internet of Things (IoT) and Smart Sensors

The modern supply chain has its eyes and ears in IoT-enabled devices. Smart sensors allow for monitoring the conditions of the shipments (temperature, humidity, location), controlling the equipment of the warehouse, and even making premonitions of the malfunction of machinery before it becomes a reality.

The result? Less downtime, increased safety and traceability of products, and real-time visibility throughout all parts of the logistics network.

4. Robotics and Warehouse Automation

Warehouse automation is using AGVs, robot arms, and autonomous drones and transforming warehouse functions. The technologies enhance faster speed and reduce human error, and introduce consistency in repeatable activities such as picking, packing, and shipping.

Even companies that are interested in scaling internationally can take advantage of robotics so that they can fulfill an increased number of orders without sacrificing efficiency.

5. Cloud-Based SCM Platforms

Cloud-based systems are data-centered, collaboration-enhanced, and allow making real-time decisions in worldwide supply chains. Be it onboarding of suppliers, logistics planning, or management of inventories, SCM cloud tools place agility and accessibility at the center stage.

More importantly, they enable entities to operate smoothly in cross-functional and cross-geographical ways, particularly in the post-pandemic distant vicinity.

Sustainability and Resilience 

Modern supply chains will accomplish more using fewer resources, that is, fewer waste passages, fewer emissions, and less disturbance. Whether it is the packaging of green packages or through circular models of logistics, businesses have been asked to clean up their act when it comes to the environment.

The sphere of sustainability also overlaps with that of resilience. The presence of supply chains that were localized, diversified, and technologically networked managed to cope with pandemics, geopolitical crises, or natural disasters.

Sustainability is not just a buzzword, but a significant topic in the entire field of management education at Welingkar Bangalore. The institution is committed to enabling students to balance the performance of businesses with environment-friendly operations, reflecting the growing importance of sustainability in the modern supply chain career.

Skills Required in the Modern Supply Chain Career 

With the evolving supply chain, the professionals running it need to evolve as well. Some of the most sought-after capabilities are as follows:

Analytical thinking

Data is the new oil, and analytical thinking is the engine that converts it into actionable insights. Professionals have to read KPIs, use simulation, and make well-informed decisions in logistics, procurement, and operations.

Cross-functional collaboration

Supply chains have an impact on almost every activity, like marketing, sales, IT, and finance. Collaboration and cross-department work are important so that value flows may be in a seamless process.

Tech fluency

Tech fluency is a must in the modern supply chain career. With AI dashboards, blockchain ledgers, and IoT sensors becoming a daily part of professional and business life, individuals need to know how they operate and how to take advantage of them. To develop such fluency, programs that provide exposure to tech-driven education like that in Welingkar Institute of Management Development and Research are the best.

Communication & negotiation

There is also a need for crisp communication, strategic negotiation, and cross-time-zone management of vendors, stakeholders, and teams. It is not only the cost; it is value creation, budget, and common objectives.

Understanding global trade policies

Understanding global trade policies is crucial in the modern supply chain career. These policies, including trade regulations, tariffs, and compliance requirements, define supply chain functionality across the world. A proper understanding of such factors not only facilitates easy international operations but also provides legal protection.

Career Opportunities and Industry Demand 

No wonder, with the wave of digital transformation hitting industries, the demand for supply chain professionals has never been higher. Such roles include:

  • Supply Chain Analyst
  • Logistics Manager
  • Procurement Officer
  • Inventory Planner
  • Operation Strategy Consultant

We are also witnessing tremendous scale in industries such as e-commerce, FMCG, manufacturing, healthcare, and retail to the extent of 25-30 percent.

How to Prepare for the Future: Get the Right Education

We know now that supply chain executives in the future will have to be dynamic thinkers, technologist planners, and cross-functional team members. The greatest measure of developing such competencies is to have a comprehensive or industry-related education.

The Welingkar Institute of Management Development and Research is a management institute that takes a balance of theory and practice with a special focus on the development of operations and supply chain management.

Companies will train future talent with case studies, business simulations, live projects, and technology-enabled learning to succeed in the digital-first supply chain environment of tomorrow. A recent graduate or a working professional wishing to shift gears and take up operations as a career, WeSchool provides you the means to achieve success.

Conclusion

The future of supply chain management is not digital at all; it is dynamic, data-driven, and extremely strategic. With AI, IoT, and the sustainability revolution changing the backdrop, professionals have to step up to counter the intricacy with dexterity, speed, and intuition.

Informed citizens with good education are the future of the world regarding the supply chains that this planet demands.

Ready to lead the digital transformation in the supply chain? Explore future-focused management programs at Welingkar Institute of Management Development and Research.

FAQs

What is the future scope of careers in supply chain management?

Careers in supply chains are changing fast, and professionals are needed who are competent in new technologies, analytics, and sustainability. It covers industries in e-commerce, healthcare, manufacturing, and world logistics.

Does Welingkar offer supply chain or operations-focused programs?

Yes, Welingkar Institute of Management Development and Research offers a comprehensive management program with operations, logistics, and supply chain strategy, combined with current technologies, integrating into real-life projects.

Top 5 Executive Education Programs Every Mid-Career Professional Should Consider in 2025

As industries undergo rapid transformation and digital disruption reshapes business landscapes, mid-career professionals find themselves at a critical juncture. The days of relying solely on experience are over. The key to growth now lies in upskilling, strategic intelligence, and navigating complex ecosystems.

There comes executive education. As marketers in HR, analytics, and operations, or even in sales, we must work in a dynamic environment that requires us to stay current with new trends, tools, and leadership models. 

Through this blog, we will explore the top 5 executive education programs that can prepare working professionals to enter senior positions and make a significant impact confidently.

Why Executive Education Matters Today 

It is a change that is both persistent and rapid. Data, automation, and global connectivity are transforming traditional business models. We, as decision-makers, must be equipped with renewed talents, particularly in areas such as strategy formulation, critical thinking, and cross-functional collaboration.

These executive education programs are tailored for professionals like us, who are already immersed in their industries and seek to pivot, expand their skills, or acquire new ones. The programs are a blend of theoretical knowledge and practical application, with the curriculum being constantly updated to reflect the latest industry trends.

At the Welingkar Institute of Management Development and Research, our executive education programs are designed with a keen understanding of the needs of working professionals. We strike a perfect balance between in-depth learning and flexibility, enabling you to continue your professional journey uninterrupted.

Top 5 Executive Education Programs Every Mid-Career Professional Should Explore in 2025

1. Executive Program in Business Analytics

An analytical database and data-driven choices would always work better in a data-driven world than one driven by intuition or gut; business analytics guides in deciphering trends, projections, and the formulation of more intelligent plans.

This program enables professionals to work with tools such as SQL, Power BI, and predictive models and utilize them within marketing, finance, operations, and other spheres. Among mid-career professionals, it fills the gap between subject matter knowledge and information proficiency, which is essential for high-impact practitioners.

Welingkar Bangalore offers business analytics courses that are practical and, in most cases, are delivered on weekends in a learning style that can easily be accommodated as part of a working timetable.

2. Executive MBA in Leadership and Strategy

Leadership is not only about teamwork but also about determination, direction, and innovation in navigating ambiguity. This is an executive MBA that is ideal for those willing to enter the C-suite or start their own company.

The course focuses on strategic planning, governance, and digitalization. It promotes thinking and leadership skills in cross-functional areas.

The learners acquire a robust understanding of market dynamics and organizational growth through simulations, projects, and mentorship. It is worthwhile for people seeking to become business leaders or entrepreneurs.

3. Executive Program in Marketing and Digital Transformation

The modern marketer cannot just know how to brand but should also be equipped and armed with data, technology, and a digital-first mindset. This program integrates the knowledge needed to be a successful marketer, including consumer behavior, social media strategy, ROI measurement, and cutting-edge concepts in MarTech, automation, and omnichannel optimization.

This course is designed for professionals who spend their time in conventional marketing functions, aiming to transition into digital strategy, product marketing, and growth functions. It aligns with trends such as performance marketing, the use of analytics to drive storytelling, and the personalization of the entire customer journey.

The program is a perfect landing place for individuals who are involved in or wish to drive marketing change in high-growth industries.

4. Executive Course in Human Resource Analytics and Talent Strategy

HR has long moved beyond payroll and hiring, with technology fluency and data literacy requirements becoming essential for modern HR leaders. The age of workforce analytics and DEI (diversity, equity, inclusion) demands that modern, tech-savvy HR leaders master the art of using data.

This course dwells on HR analytics, talent development, and workforce strategy. Learners are provided with an insight into organizational behavior, modeling the employee lifecycle, engaging analysis, and retention forecasting.

It is designed for individuals who already hold people management positions and seek to lead change in talent strategy, learning and development, or organizational culture. Such programs are becoming increasingly popular in leading educational establishments, with courses in HR analytics available in Bangalore and other metropolitan hubs.

5. Executive Certificate in Operations and Supply Chain Management

Disruption of the supply chain has now become one of the key characteristics of the post-pandemic scenario. The course addresses key issues, including demand forecasting, lean operations, logistics optimization, and sustainability in global sourcing.

It is most suitable for those in manufacturing, logistics, retail, or service industries who wish to lead strategy, drive cost and quality improvements, and integrate technology (such as IoT and AI) into value chains.

The course enables learners to deal with uncertainty and lead resilient operations in business through real-life simulations and case studies.

How to Choose the Right Executive Program

The first step in selecting the appropriate executive program is to match the program with your career objectives, job position, and learning style. This is what to take into account:

  • Your career level: Do you want to switch to another area (e.g., sales to marketing analytics) or develop the competencies you are working in?
  • Flexibility in Programs: Seek formats that accommodate working adult students, such as weekends, cross-training, and on-the-spot applications.
  • Relevance to the industry: Ensure that the curriculum is supplemented with tools, case studies, and trends that align with the needs of your industry.
  • Faculty & Network: The mentors and the value of the peer network can establish a lucrative return on investment (ROI) over a long period.
  • Institutional reputation: The best institutions, such as the Welingkar Institute of Management Development and Research, offer top-notch infrastructure, access to credibility, comprehensive placement support, and thought leadership.

Weschool Executive Programs are designed with these considerations in mind, combining learning standards and industry relevance with learner choice.

Conclusion

It is the right moment to consider investing in your leadership story when you are in the middle of your career. Regardless of whether you want to make a career shift to analytics, lead digital transformation, or assume global functional responsibilities, the right executive program unlocks new career opportunities, business sectors, and possibilities.

Such programs will not only enhance your career resume but will also hone your strategic thinking, increase your influence, and position your career for the future of work.

Ready to level up your career? Explore executive programs at Welingkar Institute of Management Development and Research tailored for working professionals like you.

FAQs

Who should pursue executive education programs?

Executive programs are most suitable for mid-career professionals interested in upgrading their skills, transitioning to leadership roles, or moving into a new functional area, such as analytics, strategy, or digital transformation.

Are executive programs at Welingkar flexible for working professionals?

Yes, the Welingkar Institute of Management Development and Research offers flexible programs, such as weekend programs, that easily fit into work and learning schedules.

Which executive course is best for marketing professionals?

The Executive Program in Marketing and Digital Transformation is ideal for marketers who want to become digital leaders. It includes branding, analytics, social media, and MarTech integration.

The Executive Education Management Program (EEMP) at WeSchool: Building a Path to General Management Success

Why should you enrol for the Program?

As the business world continues to evolve and face new challenges, it’s becoming increasingly important for managers to have a broad range of skills and competencies that allow them to navigate the complexities of the global and local business environments. That’s why WeSchool has developed EEMP, a comprehensive program that is specifically designed for executives who are on the cusp of transitioning from functional to general management roles.

Program Design

  1. Tailored for Working Professionals

– The program is designed to accommodate the schedules of working executives.

  1. Combination of Theory and Practice

– The course structure focus on blending academic knowledge with practical experience.

  1. Wide Range of Topics Covered

– Listing of the various topics covered in the program, including:

– Managerial Economics

– Business Law

– Corporate Finance

– Cost and Management Accounting

– Supply Chain

– E-Commerce

– Stakeholder Management

– Business Analytics

– Design thinking & Innovation

– Project Design & Project Management

– Managing Disruptive Changes

– Emerging Technologies

– Strategic Decision Making

– Introduction to AI, ML

  1. Industry-Academia Collaboration

– The program leverages the expertise of both industry leaders and academicians.

Teaching Methodology:

The program is delivered by industry leaders and top-notch academicians who focus on application-based teaching. The industry-academia blend is the bedrock of all Management Development Programs at WeSchool, and the Executive Education Management Program is no exception to this.

 

Experiential Learning:

While capstone projects, case studies, role-plays, mentorship and guidance are world-class, what sets the program at WeSchool apart is the Simulation Game which enables application-based experiential learning.

 

Key Components

  • Capstone Project
    • Explanation of the final project that ties together all the knowledge and skills learned throughout the program,

 

  • Simulation Game
    • Overview of the interactive game that allows for hands-on, experiential learning,

 

  • Case Studies
    • Explanation of how real-world scenarios are used to bring the concepts to life,

 

  • Role-plays
    • Overview of how participants can practice and apply their skills in simulated scenarios,

 

  • Mentorship
    • Explanation of the one-on-one support and guidance provided by experienced professionals.

 

Benefits

  1. Hands-on, Experiential Learning

– Explanation of how the program allows for direct application and practice of skills.

  1. Networking Opportunities

– Explanation of how the program provides opportunities for participants to connect and collaborate with peers and industry leaders.

  1. Relevant and Practical Knowledge

– Explanation of how the program covers relevant and practical topics that can be immediately applied in the workplace.

 

  1. Improved Career Prospects

– Overview of the potential impact the program can have on advancing participants’ careers.

 

Conclusion

Final thoughts and recommendations on why the EEMP program at WeSchool is a valuable investment in career development.

 

The 11-month Executive Education Management Program (EEMP) at WeSchool is designed to help executives develop the critical skills and competencies needed for success in the rapidly changing business environment. With a focus on hands-on, experiential learning, the program covers a wide range of topics and features a combination of academic knowledge and practical experience.

 

Taught by industry leaders and top-notch academicians, the program is tailored to accommodate the schedules of working professionals and includes components such as capstone projects, simulation games, case studies, role-plays, and mentorship opportunities.

 

By leveraging the expertise of both industry and academia, the EEMP program at WeSchool provides participants with the practical knowledge and skills needed to succeed as general managers. With its combination of real-world relevance, hands-on learning, and networking opportunities,

3 ways to boost productivity

3 ways to boost productivity

Leaders and entrepreneurs, in an endeavor to achieve their maximum potential, tend to grab every opportunity that comes their way. In a bid to deliver, taking on too much work may spur their capability, however, it may cause them to lose momentum and their efforts may begin to dwindle. Every individual craves a sense of accomplishment towards the end of the day, and to achieve this, they need to inculcate habits that require long-term consistency, as there are no quick fixes to boost productivity.

Paul J. Meyer, a pioneer of self-improvement says, “Productivity is never an accident. It is always the result of a commitment to excellence, intelligent planning and focused effort”.

If productivity is what Meyer believes it to be, it is a prowess that can be pursued and WeSchool has ascertained three infallible ways to remain efficient, as it  imperitive to stay productive and visible in a constantly shifting market.

  • Set tangible business expectations

The saying that goes ‘fail to plan, plan to fail’ pretty much sums up the importance of laying down expectations. It is important to set clear and tangible business expectations, as every leader needs to have clarity on where they are heading. This needs to be written down and discussed with the team as well, to enable them to understand the goals of the organization.

Assigning specific responsibilities to employees keeps the team at task. Unclear expectations are believed to be one of the top reasons that cause frustration among employees, especially when there is change within the organization. Setting up periodic benchmarks, milestones and expectations also help to eliminate anxiety from the work process. It is important to focus on small, achievable milestones or break long-term goals into several short-term ones. When there is a clear measurable goal, it becomes easier to achieve the same.

  • Establish open communication

It is imperative to create a culture of transparency within an organization in order for it to function smoothly. A transparent system transpires trust amongst the employees; it drives out fear, uncertainty and establishes an open environment where opinions are valued. Effective communication leads everyone to be on the same page, moving in the same direction toward the same goal. When individuals feel that they heard and valued, they naturally feel more successful and more engaged at work.

A powerful by-product of this is they end up becoming brand ambassadors for your organization as well. Their enthusiasm and engagement spreads among their networks and you and your business benefit from another level of visibility.

During certain situations, conflicts among co-workers may see unavoidable, but an open communication always paves the way for constructive criticism. It also allows the management to step in when the conflict is too large to be resolved single-handedly. Open communication makes information more widely available, thereby improving the results of work innovation and problem-solving.

  • Taking longer breaks

This counter-intuitive method can actually help to improve concentration to perform the task at hand much better. Taking short breaks in between long tasks helps to maintain a constant level of performance, as opposed to working at a task without breaks leads which leads to a steady decline in performance.

These breaks also help to retain a constant, positive mindset of the team thoughtout the day. A nonstop work routine leads to fatigue, burnout and boredom, not to forget a negative attitude, which would probably even demitivate the employees to look forward to come to work. Instead, if their day is filled with frequent and some slightly longer break intervals, it helps them to channelize their energies in a short burst of time to get some tasks done, and they can reward themselves by cooling down and taking a break, before resuming to the next task at hand.

There are numerous ways to take breaks in between work hours, like taking a short walk, having tea or coffee, conversing with a colleague, taking a short nap, meditation, exercise or some fun games. Weschool believes that these are the perfect formulas to boost creativity and productivity at workplaces.

For more information on Weschool, please visit our website www.welingkarexedp.com

How successful people handle workplace stress

[vc_row][vc_column][vc_column_text]‘When the going gets tough, the tough get going!’

This famous English expression distinctly defines a class of people who can handle stress and conflict exceptionally well, with a postive mindset.  Contrary to popular belief, anxiety is actually absolutely necessary for each one of us, as the human brain is unable to function without a certain level of stress. While there may be varied degrees of stress among individuals, somehow, successful people learn to maintain and manage their stress and anxiety just within the required optimal levels, in order to achieve top performance.

These successful individuals are determined to take the bumpy road by redoubling their efforts in order to overcome a stressful situation. Especially in the corporate world, such people deal with conflict in a constructive way by getting to the root of the issue, invigorating their team to perform to the best of their abilities, deriving the best outcomes and creating an environment of openness as part of the company’s culture. They demonstrate a conduct that will make a company more productive and profitable, even in the face of critical failures and overwhelming odds. Weschool has identified some tools used by these individuals to overcome adversity and manage stress better.

  • Acknowledge the present and the future

Successful people make it a habit as well as a priority to be grateful for what they have. These people think of the bigger picture and remind themselves of what is important, so as to keep their perspective in the positive realm.

  • Positive perspective

These individuals maintain a positive outlook so as to remain happier and become more productive. This attitude brings about favorable results, as their thoughts have the ability to transform energy into reality. They use language that evoke strength and success and practice positive affirmations. Successful people visualize what they wish to achieve and draw an immense amount of inspiration from the same.

  • Prioritize personal care

Successful individuals consider themselves as the most important asset and they prioritize healthy habits. They abstain from caffeine and alcohol, exercise regularly, eat healthy, get enough sleep and periodically switch off from technology. They strive to find balance to help moderate stress.

  • Smile

It is close to impossible to remember to smile during a stressful situation. However, smiling is the simplest, easiest and fastest way to deal with stress. At a stressful meeting a smile induces the other person to reciprocate, thereby bringing about a positive feedback cycle and acts as a great tension release.

Prin. L.N. Welingkar Institute of Management Development and Research offer individuals a powerful integration of knowledge, experience and resources. Our programs help develop and transform the organization by directing skilled leaders to achieve strategic business initiatives that require new ideas, methods and techniques allowing them to handle workplace stress with ease. Visit our website www.welingkarexedp.com to know more about our courses.[/vc_column_text][/vc_column][/vc_row]

Building a high-trust organization

[vc_row][vc_column][vc_column_text]What is at the crux of a successful business organization? There can be many equally significant answers to this question, as every organization consists of a multitude of essential elements. One of these elements is a trustworthy team, as Steve Jobs rightly puts it.

“Great things in business are never done by one person.

They’re done by a team of people”.

Trust is an invaluable part of not only a team, but also the organization. It is believed to be more powerful than power itself, andtherefore, it becomes mandatory to develop an internal culture that values, builds and supports trust.

When an organization runs on low levels of trust,they tend to place a hidden tax on every business transaction, as low productivity brings the speed down and costs go up. Contrary to this, high-trust organizations operate as performance multipliers by increasing speed and decreasing costs.

We at Welingkar have identified the secret sauce to create a high-trust organization, with the below ingredients:

  • Integrity among Leaders: It is essential for leaders to demonstrate competence that is aligned with the company’s values. They are expected to display their trustworthiness, as leading by example is a key to building a high-trust organization. Leaders must be thoughtful and consistent with their actions to ensure follow-through of the same behavior.
  • Effective communication: The communication process within an organization plays a key role in building a high-trust team. It is important for leaders to encourage and maintain communication along both ways of the hierarchy, in a constant flow.  Leaders need to build transparency within the system and must communicate not only the positive, but also the negative scenarious with their employees.
  • Practice what you preach: Organizations need to focus on associating with companies that have a good reputation,as employees want to know that their work matters and that they are doing business with other prominent organizations. It is important to maintain trustworthy relations outside the organization as well, and leaders need to take cautious decisions, in order to sustain an ethical and honest organization and drive these values internally within the employees through leading by example.
  • Articulate a higher cause: Exceptional leaders drive people towards fulfilling the mission and vision of the organization. Team members need to be actively involved in defining and shaping the organization’s vision, goal and objectives for the present and future.

After the team’s overall purpose has been defined, each member needs to understand their unique role in the contribution towards the team’s success and identified goals. When individuals are provided the power and autonomy to do their job within a team, they begin to mutually respect each other as well as the organization and tend to contribute in more ways than one.

Building and maintaining organizational trust can be tricky, but embracing these principles will help to lay the foundation for a trusting environment within. We, at Welingkar believe that trust is a result of multitude of actions and it is the repetitive and consistent nature of these actions that helps create a culture of reliance. To explore from a host of our leasership and management programs, please refer to our website www.welingkarexedp.com[/vc_column_text][/vc_column][/vc_row]

Managing millennials in the workplace

[vc_row][vc_column][vc_column_text]Millennials can be categorized as young adults born between 1980 and 2000 (The date range is up for debate). These individuals however, are largely believed to be independent, outgoing and decisive. The young adults of this milleniall era were raised by parents who focused on structure by providing planned activities and constant encouragement, thereby turning them into individuals with high self-esteem and fulfilment. Therefore, they do not prefer being micro-managed. Instead, they tend to seek ‘freedom at work’ in a quest to learn and explore. They are individuals who prefer to be ‘taught’ over being ‘told’, and they seek out opportunities where they are allowed to make their own decisions and do not encourage any form of control.

Millennials tend to work well with diverse co-workers, they prefer working together in teams and tend to grow their relationships beyond just work with their co-workers. These free-spirited individuals prefer taking up challenges instead of abiding with monotonous work daily. Though they seek guidance and structure from their older counterparts, they also expect to be duly respected for the decisions they make. They are considered to be one of the most well-connected generations, which opens up a host of opportunities. In this case, it is all the more important for the management to retain these young individuals in the workforce. They are an asset to any organization as they possess the natural ability and motivation to manage numerous tasks. The question however, would be whether it is possible to manage these individuals? Let’s find out how:

Listen before you speak: This would be an important trait that millenials seek in their leader. A leader is someone who must be keen to ‘listen’ to their followers. They believe that a good leader is one who hears out every individual opinion, before making a decision that affects the entire team. These individuals have been raised with high amounts of self-respect and this is clearly reflected in their attitude. They have been encouraged to think right from when they were children and prefer their thoughts and ideas to be heard by someone in authority.

Provide flexibility: Millennials naturally tend to bring their personal life into their work environment. They are a vocal generation, who have been encouraged to speak out their mind. They prefer having a relaxed work-environment, where they are provided flexible work hours. Family is a priority for these individuals and they have various extra-curricular interests that they like to pursue. They are also of the mindset, that as long as the work gets done in time, providing flexibility should not be a concern for the management.
Introduce in-between promotions: The millennials are eager to progress in their career, they do not like waiting for promotions, as they receive career growth and better prospects when moving from one company to another. Hence, it is ideal to encourage and motivate them by providing faster promotions and titles. Doing this makes them feel appreciated for their work and they have a will to stay with the organization.

Provide on-the-job training and education: Msot millenials are largely multi-taskers and like taking up new roles, beyond their day-to-day tasks. They like to contribute much beyond their set roles and responsibilities and like to step out of their roles once in a while. They stay motivated only when monotony is taken out of the routine. They seek to learn and appreciate knowledge, as they are constantly trying to build themselves and their growth curve. Therefore, these individuals like to gain any form of on-the-job trainings. They also expect companies to support their further education and short-term skill upgrade and development courses, by allowing them to pursue the same. The organization could help by providing flexible working hours and also grant leave during such examinations.

Weschool believes that these are small ways to relate with this young and important workforce, to keep them engaged and motivated constantly. For more information on leadership skills and training programs, please visit our website for details at www.welingkarexedp.com[/vc_column_text][/vc_column][/vc_row]

Why startups fail

[vc_row][vc_column][vc_column_text]The Silicon Valley’s of the world have witnessed innumerable success stories of startups that made it big. The bitter truth however, is that most startups fail to succeed and their end is often mysterious or goes unnoticed. In a competitive environment such as that of a startup industry, it becomes difficult to thrive and prosper, which leaves entrepreneurs in a cloud of complete misery. The most common reasons that surface would be the inability to get appropriate funding at the right time, or a completely disorganized business structure or lack of market analysis. Welingkar Institute of Management Development would attribute the failure of most, if not all startups, to management mistakes. WeSchool believes that entrepreneurs play the most significant role in the making or breaking of any organization. A few reasons why startups might fail due to the top level management’s incapabilities are discussed below:

Lack of Focus

Focus as we know, is critical for the success of entrepreneurs. Lack of focus can cause them to prioritize insignificant things, thereby leading to a downfall. It is important to keep the goals aligned both, of people as well as processes. Unfocused entrepreneurs tend to lack the drive to execute. It is essential for budding entrepreneurs to have clarity, direction, desire and drive to overcome obstacles objectively.

Lack good mentorship

Entrepreneurs sometimes lack having a good mentor to guide them on numerous key business aspects. Understanding new concepts, ideas and technology along with the way to deal with obstacles, is what makes an entrepreneur successful. These lessons can only be learned from an experienced professional, a senior in the industry and someone who has the experience and insight to take a business to it’s maximum potential. Mentorship, is therefore an essential part of helping a startup to succeed and attain the next level.

Lack of general and domain specific knowledge

Entrepreneurs often feel that leaders would be making quick decisions in the face of ambiguity. Although this is an important trait, managers and entrepreneurs need to focus on developing domain-specific knowledge or take opinions and advice from people with expertise in that relevant field. Each domain like finance, marketing and operations require a varied skill set. It is impossible for one individual to overlook functioning of each domain with expertise; hence it is advisable for entrepreneurs to be open to acquire knowledge. General knowledge about a specific busines cannot take the business too far, without domain expertise and in-depth knowledge of the industry.

The reasons why startups fail in any industry could be numerous. WeSchool focuses on providing mentorship and knowledge to new entrepreneurs, helping them develop adequate skills to steer a business entity forward. For more information about our courses, please visit our website: www.welingkarexedp.com[/vc_column_text][/vc_column][/vc_row]

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