#Dilo – A day in the life of an RKC student – Wilson K

As a former Education advisor, if I had to pick one of the most frequently asked questions by prospective students, it would be “How many hours do I need to study?”  

The vast majority (if not all) of our students are working and leading hectic professional lives. Some are motivated and have already decided to undertake a master’s, while others contemplate the unknowns of an online programme. In my experience, two things affect their decision the most.   

First – finances, and second, being able to strike the perfect work, study, and life balance. While I cannot completely help you with the finances (partially yes – check out the discount offers currently being offered on our online MBA, MSc, and LL.M programmes), I thought what I could do to help was to bring some facts to light about the other unknowns – what does a typical day in the life of an online master’s student look like?  

I asked a few of our students from different walks of life, occupations, and personal situations to answer a few questions on their study tactics and strategies, plans and reality, and so on.  So, through our ‘#DILO ‘a typical day in the life of a master’s student’ blog series every month, we bring to you one of our actual students or alumni sharing the insights.   

Today, we’re looking at Wilson’s typical study days. Wilson, the Managing Director of an advertising company in Kenya for the past 14 years, offered us these answers:

An Introduction  

Vidhi Kapoor (VK): Which programme did you choose and why?  

Wilson K (WK): I chose an MBA programme in International Business in order to boost my wealth of knowledge for conducting business through a wider lens that could help me steer the company and any new initiatives to greater heights from an informed foundation.

A person writing on a piece of paper

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Stayed focused and consistent

The Study Plan   

VK : How did you plan to study each module, and what was the reality? How many hours did/do you have to put in each day/or in a week?  

WK:  While the modules are structured with the ease of flexibility, the fundamental aspect is that each revolves around the individual’s ability to keep the pace as a member of a group class. And this means serious balancing between work expectations and deadlines, not to mention that you must also research and study to reflect the mind of a master’s student. My strategy was to allocate the first 2 hours on Monday, 2 hours Wednesday morning and at least 3 hours on Friday to catch up with the reading and contribute to class work and assignments as well. 

VK: What part of the day did/do you find most suitable to study? (e.g. early mornings, lunch break, evenings, weekends?)  

WK: I found morning hours very apt especially if the assigned time implied adjusting your wake-up schedule and morning routine. The mind is less polluted and cluttered with the day’s requirement and one is able not only to concentrate but also bring out the best in terms of thinking and concentration.

A clock on a table

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Wilson allocated time based upon the requirements of each assignment

VK: How much time did you devote for each assignment?  

WK: Time devotion for each assignment was dictated by the requirements and details of the questions. In most cases, each weekly assignment needed about 4 hours, but the examinations required at least 4 days considering that one is given the benefit of knowing each paper in advance.

Travelling and Communication  

VK: Did you travel for work? How did travelling impact your ability to study?  

DA:  My work involves a lot of travel around the country but whenever such need arose, I had to plan for a trade-off in terms of hours where either delegation or relegation of priorities had to be effected. Missed classwork and deadlines sounded like the best recipe for failing a module and facing the menacing consequences that are well defined within the rules.

VK: How were you able to interact with peers and/or professors given the time differences?  

WK: With proper planning and calculated awareness of time differences, I really can’t say I had a problem interacting with peers. The University timetable was also well aligned to this as both the classwork and assignment deadlines did not create overly demanding adjustments.

A typical day as a master’s student  

VK: What does a typical day as an Online Masters’ student look like for you?  

WK: A typical day comes with lots of anxiety on not only how well you are faring in class but your preparedness towards the assessments. You also have to keep check of your performance within the organisation especially if you are a leader so that you do not jeopardize the organization you guide.

Any advice?  

VK:Any advice you have for students to better plan their studies.  

WK: This programme demands individual discipline especially on time management. The risk of just skimming through the course is real and the most important thing to keep at the back of the head is that this should not just be for passing the exams and getting an award but to ensure that you obtain the incredible insights that propels your line of thought, intelligence, and faculties higher than where you are today.

   

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Wilson says the programme aims forthe incredible insights that propels your line of thought, intelligence, and faculties higher than where you are today.

Alright friends, this was a sneak peek of a typical day in Wilson’s life as a master’s student. I hope you find it insightful and informative and that it gives you an idea of what to expect when you enrol for our master’s programmes. Watch this space as we have many more interesting insights coming up! 

#DILO (A day in the life of) a master’s student – Premprakash

Sometimes, the fear of the unknown is more of a hindrance in achieving your end goal. Once you are past this fear and are well informed, it is just a matter of planning your path. Similar is the plight of students who want to study of online but face the fear of the unknown, such as : What is the best way to study online? Should you do an online programme? How to better manage time when learning online? And so on. 

Photo credit: Unsplash.com

These are all questions that we at Robert Kennedy College (RKC) get regularly asked by students looking to join one of our online programmes. Undertaking to do an online master’s degree programme will be an additional commitment to your time and finances, and it is wise to get information beforehand.

Through this continuing series of blog posts, some of our past and current students have shared their experiences, thoughts and opinions and given their feedback on handling some of these choices and situations. Hopefully, this will help you to make an informed decision.

This time we have an alumnus from the University of Cumbria and Robert Kennedy College, MBA Leadership & Sustainability programme, Premprakash. 

An Introduction

Which Uni are you studying with?

University of Cumbria

Which programme did you choose and why?

MBA Leadership & Sustainability

The Study Plan

A hand holding a phone

Description automatically generated with low confidencePhoto by Glenn Carstens-Peters on Unsplash.

How did you plan to study each module, and what was the reality? For example, how many hours did/do you have to put in each day/or in a week?

Minimum of six hours daily. I work better under pressure. The two modules that I enjoyed the most were IMS (Information Management) and Marketing Management. I did them together, and it turned out to be two distinctions! IMS Professor Radu was someone I really liked. His reply to the forums and interims was why I achieved high marks in IMS.

What part of the day did/do you find most suitable to study? (e.g. early mornings, lunch break, evenings, weekends?)

After midnight through to early mornings all week plus the weekends.

How much time did you devote to each assignment?

For the interim assignment I spent one week and, for final assessments about two weeks’ time. I completed my dissertation within the 6-month minimum period. 

Travelling and Communication

Photo credit: Unsplash.com

How did travelling impact your ability to study?

The Online residency was a lifesaver as Covid19 disrupted travel to the UK. 

How were you able to interact with peers and/or professors given the time differences?

The time difference did not pose any problems for me.

A typical day as a master’s student

What does a typical day as an Online Masters’ student look like for you?

Studying keeps me happy, focused, and desiring more knowledge.

Any advice?

Any advice you have for students to better plan their studies.

Never give up!!!

A to the point and practical advice by our alumni. I hope this blog has answered some of your questions, and provided that motivational boost to your academic plans..You can also chat LIVE on WhatsApp with one of our Education Advisors for more information on all the programmes we offer and the application process.

5 key skills and attributes for effective Legal Leadership

Leadership is a subjective term. We see and hear about effective leaders leading a department, a company or a country. But it is difficult to really quantify or describe what leadership is. You can recognize good leadership examples when you see them but it’s difficult to define. Some leaders are ‘born leaders’, they are a natural, and excel at what they do, while others learn to become good leaders by cultivating attributes and skills, behaviours,  or sets of competencies, that are practiced and mastered to become an effective leader. 

I have talked in the past about Sustainable Leadership in our blog – what it is, and what its principles are. There could be several styles and types of leadership, and areas where leadership is required. One such areas is law and that is called legal leadership. Legal leadership particularly identifies how leaders behave, and how they govern others directly and indirectly, by controlling organizational structures and processes in a legal department or a law firm. 

Douglas B. Richardson says, “All great leaders do five things well, Imagine, Invent, Inspire, Inform, and Influence”. Though all leadership is fundamentally the same, legal leadership can take many forms, involve distinct roles and have different objectives. In a legal department, leadership has many faces: the chief legal officer (CLO), the managing attorneys, the servicing lawyers who work each day with the clients, and all of them should be leaders. Therefore, a legal leader is faced by a unique challenge of leading leaders as more often than not they end up leading other lawyers who are independent identities, individual contributors, pretty much people who do not follow anyone, do not like to be led, trust their own gut, and do not collaborate easily.  

Phew! Legal leaders have to be one hell of a leader!! 

Legal leadership can take many forms

Being a leader in a legal environment is challenging and may not be everyone’s cup of tea. So, what is required to be an effective legal leader? Law firms and corporate legal departments have identified some basic qualities and attributes that a leader should possess. Here are the five skills and attributes that are important for effective legal leadership: 

1. Collaborative skills 

Legal leaders usually find themselves managing large teams and complex cases. They usually have different and difficult sets of people at both ends of their stick. On one end are their own team members. And at the other end are the clients from diverse backgrounds, personalities, education levels, experience levels and requirements. The legal leader plays a key role in coordinating all the aspects, and people in bringing out the desired legal outcome. 

Exercise collaboration with effective communication.

A good legal leader should hit the ground running through effective and early communication amongst the team members, and letting everyone know their tasks after a brainstorming session. Follow up and make sure to listen to their colleagues’ ideas or the issues they are facing, and help them overcome their obstacles and provide the resources if required.  

A legal professional must weigh in everything, facts of the case, potential risks and their consequences

2. Good Judgement 

Success in any profession is highly dependent on good judgement, and this is especially true for the legal profession! It is one the most critical attributes that a legal leader must possess – to apply good judgement and make sound decisions. Legal professionals are faced by situations every day where they must make complex decisions by weighing in the facts of the case, evaluating potential risks and their consequences on the case and on the firm/organization.

Good judgement also requires excellent problem-solving skills. A good legal leader must be able to pre-empt the issues, and must have ideas and many solutions to a problem.  

However, the leaders must not isolate themselves or feel solely responsible for a decision. Though they are leaders, they are still a part of the team, and must seek input of their peers and other experienced legal professionals on critical matters.  

Self-awareness is an important quality of an effective legal leader

3. Self-awareness 

While most of the legal professionals, lawyers, and para-legals would call themselves lone-wolves and individual contributors, they are still part of a legal team. As they become leaders, most lawyers face a hurdle what’s called ‘expert identity trap’.  This means they identify themselves as subject matter experts but do not necessarily see themselves as a leader. Though several attributes are required to be a good legal leader, self-awareness is one of the key qualities of an effective one.  

All legal professionals are bound by the model rules of professional conduct

4. High ethical standards 

The legal profession is heavily based on trust, and each member’s ability to demonstrate highly ethical behaviour. Failure to do so will have many adverse outcomes such as not being able to gain the trust of their client and/or colleagues, and even more critical, being disbarred or legally charged and disciplined for misconduct. All legal professionals are bound by the model rules of professional conduct and they must understand their responsibility as the stakes involved are high! 

5. Diplomacy 

Diplomacy is one of the skills that a legal leader must have to climb the ladder of their legal career. A good leader must exercise diplomacy in handling clients, project the professional image of the firm, and must be respectful of their colleagues. The legal profession is an intensive and demanding career. It is critical for leaders therefore to keep calm and show virtues such as understanding, compassion, and integrity. Diplomacy is not something that one can learn overnight, it is a gradual, self-grooming process that can be effectively used to resolve any conflicts, and manage differences and disagreements. 

To be the best legal leader, it takes lot more than just being book-smart too; one needs to be street smart. Our MBA Legal Leadership prepares you just for that by providing a deep understanding of the key concepts and theories of leadership and their application in a law-oriented organization. Talk to our advisors today to learn more about the programme. 

#DILO (A day in the life of) a master’s student – Beatrice

Through the #DILO series of blog posts we have been bringing you insights into the life of our master’s students, sharing their thoughts and opinions, ups and downs, and key learning points during their online studies. The whole idea behind this series is to make you aware of realities of online studies, and help you in decision making.  

This week we take a look at a day in the life of our MBA student Beatrice. Beatrice is an electronics engineer with over 19 years of experience working in IT. She is currently studying for the MBA in Management Consulting, offered through our exclusive partnership with York St John University, UK, and working for an American company as an IT Project Manager. Along with handling a full-time job and a master’s programme, Beatrice manages a busy household with a husband and two daughters. Here is an insight and some words of wisdom that Beatrice had to share from her own experience. 

With the MBA Management Consulting you gain an understanding of consulting techniques and develop a range of transferrable skills

An Introduction 

Which Uni are you studying with? 

York St John University (UK) 

Which programme did you choose and why? 

I chose the MBA in Management Consulting programme. It allows me to improve my knowledge and complete my profile as Project Manager. 

The Study Plan 

How did you plan to study each module, and what was the reality? How many hours did/do you have to put in each day/or in a week? 

Prepare a study plan and pick a time of the day that works best for you

I planned the modules to avoid overlaps and could make it as planned. It is important to allow at least four to five hours a day, 4 days a week. This can be increased to 5 hours a day when approaching assignment deadline. 

What part of the day did/do you find most suitable to study? (e.g. early mornings, lunch break, evenings, weekends?) 

Allow yourself enough time for each
assignment

What worked best for me were early in the morning and late in the evening, when there is no distraction (work, children, etc.) 

How much time did you devote for each assignment? 

Generally, 4 to 5 days. Sometimes more, depending on the topic. 

Travelling and Communication 

How did travelling impact your ability to study? 

When travelling, other activities make it more difficult to find the required hours to study 

How were you able to interact with peers and/or professors given the time differences? 

We used e-apps that allowed delayed interactions (email, campus portal, WhatsApp). 

A typical day as a master’s student 

What does a typical day as an Online Masters’ student look like for you? 

1. Spend 2 hours early in the morning, reading and watching class videos  

2. Spend 1 hour at lunch time to review and make some researches  

3. Spend 1 to 2 hours at late evening to write or complete researches 

‘Research’ is an important aspect of Master’s studies. Learn to research effectively.

Any advice? 

It is important to have:  

1. The support of your entourage  

2. A schedule that includes your studies, work and personal activities, even leisure. Follow it as much as possible  

3. A contingency plan 

Well indeed, incredibly helpful advice from Beatrice. A contingency plan not only saves you from an unpredictable situation but also helps you follow your study plan with confidence. To get you through the master’s studies we have a great faculty who are subject-matter experts, guide and encourage the students to achieve their potential.  

If you have been dreaming of joining a master’s programme or have had this personal goal to gain a higher education, now is the time! Take the valuable advice from our current students, gain from their experience, add your own unique study strategies, and make your own success stories! I would love to feature you one day on our college blog. 

Chat LIVE on WhatsApp with one of our Education Advisors for more information on all the programmes we offer, application process, and for information on discounts we might be offering at this time. 

When the world came to a halt and so did Tourism

My bucket list was full for 2020. I was looking forward to travelling for business and leisure. I did none of that so far, and I believe I will not be able to before 2021 either.

According to the United Nations World Tourism Organization (UNWTO), tourism is the world’s 5th fastest growing industry, with one billion international travellers, $1.53 trillion in global revenues, and 5% growth globally per year. Much of that growth is coming from the emerging middle classes in Brazil, Russia, India, China, and Mexico. 

Travel and tourism are among the world’s largest industries with a total contribution to the global economy of approximately 9.25 trillion USD in 2019.  

Year Direct contribution Total contribution 
2006 1,629.02 5,160.35 
2007 1,809.37 5,765.03 
2008 1,928.47 6,259.57 
2009 1,794.88 5,803.03 
2010 1,911.51 6,108.56 
2011 2,157.06 6,925.29 
2012 2,207.37 7,094.29 
2013 2,304.81 7,432.19 
2014 2,388.31 7,674.79 
2015 2,320.93 7,444.04 
2016 2,381.1 7,650.17 
2017 2,567.88 8,240.74 
2018 2,750.65 8,810.96 
The direct and total contribution of travel and tourism to GDP from 2006 to 2019 (in billion U.S. dollars)

The Current Tourism Situation

Until the end of 2019, the tourism industry’s growth continued to outpace global economic growth, bearing witness to its huge potential to deliver development opportunities across the world. This comes with its sustainability challenges though.  

But everything changed with the unprecedented disruption caused by COVID-19. With restrictions on travel in most, if not all, global destinations, tourism remains one of the worst affected of all sectors.  

Fig 1

In the first quarter of 2020, US$ 195 billion were lost in export revenues from international tourism with 180 million fewer international tourist arrivals (Fig 1). Potentially, there will be US$910 billion to US$ 1.2 trillion overall loss in export revenues from tourism. The industry is destined to lose 100 to 120 million direct tourism jobs globally (Fig 2). 

Fig 2

Tourism was at its peak owing to social media exposure, viral videos of exotic locations, Instagram travel posts by influencers and bloggers writing about their own travelling experiences to a new country. People have begun to cherish the interconnectedness and knowledge they gained as a global traveller. As a result, travelling is one hobby or interest that many have developed.

Post COVID-19 pandemic, tourism will continue to be among the worst-hit sectors. As I wrote this, many are still fearful, flights are still grounded and companies are being bailed out or facing bankruptcy, borders have been closed, few are travelling – there looms uncertainty on the future of tourism. With social distancing laws in effect in every country, the spread of COVID-19 has dramatically derailed businesses, communities, and livelihoods across the globe.  

HOW WILL TRAVEL LOOK LIKE?  – THE NEW NORMAL 

Travel and tourism has come to a complete standstill. Hundreds and thousands of people were left stranded in foreign countries, across borders, on cruise ships as countries closed borders for non-essential travel. Only a few rescue flights are operating to repatriate people to their home countries. The global lockdown disrupted leisure, business, and student travel. 

Governments have been trying to bring the revival process in phases. In Phase 1, only essential services like groceries, medical care, food take outs were open. Phase 2 brought more relaxation with opening of other non-essential services like barbers, spas, dentists etc. Phase 3 allowed opening of retail stores, malls, dining-in at restaurants, opening the national parks and allowing gatherings among close social circles. International travel still remains largely closed across the continents. The travel and tourism experts believe it will take greater effort to build that confidence back with the travellers before they venture out.  

So given these conditions, when things start to normalize and people eventually begin to hit the road, how will travel look like? 

REVIVING TOURISM  

The crisis has forced the industry to re-think tourism for the future. Because the way we travel will never be the same again.  

Small progressive steps need to be taken to bring the industry back on its feet. As the crisis evolves, world governments and industry participants, big or small, work to identify key priorities to facilitate a short term, medium, and long-term revival plan. These include the following considerations: 

1.     Lifting travel restrictions: International travel does not seem to be plausible at the time. Closed borders for non-essential travel, countries deemed unsafe for travelling, quarantine requirements imposed by several governments will act as the international travel deterrent in the foreseeable future. Slowly the governments have uplifted restrictions for domestic travel. Local travel will provide a chance for driving recovery and support tourism business.  

2.     Rethink Tourism: As it is rightly said, ‘Necessity is the mother of invention’. Hotels, restaurants, tourist destinations will have to rebuild and revamp their strategy and think innovatively to attract visitors and tourists.  

3.     Restore traveller confidence: People will tend to alter their mode of transport, drive rather than do air-travel; choose alternate accommodation like sanitized rental homes rather than hotels. Committing to the health and safety of customers, businesses will need to build travellers’ confidence.  

Beyond immediate measures to support the tourism sector, countries are also shifting to develop recovery measures. 

MAKE HAY WHEN THE SUN SHINES 

The measures we put in place today will shape the tourism of tomorrow.While it may seem to be the worst industry to build a career in right now, Tourism has always survived not one, but many economic crises.

As things improve slowly, the industry once again will witness millions of travellers flocking from one country to another, resulting in an increased demand for tourism professionals. We need visionaries and people with a passion to take tourism to a new level – you can be one of them through our 100% online MBA in Tourism

Digital Marketing – The future of marketing? 6 reasons why you should consider this as a career option!

Marketing, like everything else in the world is constantly changing and evolving overtime.

From cave painting to word of mouth. From messages on scrolls to pictograms. From picture advertisements in magazines and newspapers to video ads in between your favourite TV programmes. 

And the evolution continues!

I mean, how many of us subscribe to a physical newspaper anymore? Netflix, Amazon Prime Video, and Disney+, just to name a few, have pretty much killed broadcast television and cable tv.  

We live in the world of binge watching, instant news (and in some cases fake news), and WhatsApp forwards! If you blink, you will be left behind!  

So, how are we to effectively market our products  and services, or  advertise to the masses in this fast paced, limited-attention times?

Digital Marketing is the answer, and  here are six reasons why I think you should choose a career in Digital Marketing!

  1. High demand
    While there are similarities between Digital Marketing and traditional marketing, the difference between them is substantial and cannot be overlooked. To do the job right, a specialist is required, and most companies accept this to be true. Digital Marketing is still a relatively new industry/vertical, and the number of specialists available is still very limited. It follows that a qualified and competent Digital Marketing professional  is highly sought after.
  2. Richness of choice within Digital Marketing
    Most people these days have limited choice in the career path they wish to take. When a company recruits for a job vacancy, for most roles, they will have an abundance of applicants, however, Digital Marketing being a new field, the opportunities available will be among the best in the market. Also, there will be a lot of opportunities within the various verticals of Digital Marketing. Here’s a few of them: 
    • Web properties –  websites, blogs 
    • SEO – Search Engine Optimization 
    • Paid marketing (PPC marketing) – Google search ads, Display ads, Affiliate marketing, social media paid ads 
    • Social media (Instagram, YouTube, Facebook channels, etc.)
    • Email marketing 
    • Mobile marketing 
  3. Show me the money
    It all comes down to the salaries and pay packages, and that’s the bottom line! People venturing into Digital Marketing will be the ground breakers, the trailblazers, the pioneers of the industry, and will have the potential to earn huge. For example, just before the lockdown started, a quick search for Digital Marketing job opportunities in the United States, listed jobs for freshers starting from USD 55’000. I think that is a pretty good place to start your career from. 
  4. Minimum entry requirements
    Digital Marketing is still a very new field, and people working in the field have very little experience in it and are still learning how to effectively develop and execute a digital marketing strategy. As everyone in digital marketing is still relatively new and mostly learning by experience, the entry requirements are comparatively lower than most other job profiles. So, now is the time to get into Digital Marketing and build a career. 
  5. Diversity in the workplace
    When the word “diversity” is used, most people think ethnic diversity. And that is true here as well, but it is also means so much more in Digital Marketing. In the morning, you could be working with extroverts who may be creators, creating ad campaigns and YouTube videos, who push their creative ideas across. And in the afternoon, you could be working with introverts who may be from Data Analytics or SEO or Website Development. This is just an example. The point is, working in Digital Marketing, there is a place for every kind of personality and the opportunity to work with every kind of personality!
  6. Creativity
    If you are passionate about the work you do (no matter how boring it may sound to someone else) then the potential for creativity exists. But the thing about Digital Marketing is, no other field of work encourages creativity and “out of the box thinking” quite as much as Digital Marketing does.

Now these are just some of the more obvious reasons to take up a career in Digital Marketing, and I am sure there are a number of other very obvious and/or more important reasons to make Digital Marketing your career. Perhaps you are building upon your previous Marketing career? Let us know in the comments below if you are already “in” and have some insights to share, I am sure it will help people make an informed decision. 


If you are ready for a career in Digital Marketing, then start with our 100% Online MBA programme in Digital Marketing or our 100% Online MSc programme in Digital Business.

You can also chat LIVE on WhatsApp with one of our Education Advisers for more information on the programmes offered, application process, and for more information on any discounts we might be running in this rather strange period of our lives.

Breakthrough Technologies through the eyes of Bill Gates

“Information technology and business are becoming inextricably interwoven. I don’t think anybody can talk meaningfully about one without the talking about the other.”  Bill Gates
 

 

We are changing the world with technology, with software being the big change agent. And the man who has been instrumental (the change agent himself) in bringing this technological change is Bill Gates. Bill Gates needs no introduction. I believe his name is synonymous with the innovation and change in the world of technology as the world sees it today. Bill Gates, one of the richest entrepreneurs, innovators, one of the most influential persons in the world and an immense philanthropist, revolutionized the technology industry when he co-founded Microsoft in 1975. And the rest is history. 

Gates say the advance of technology is based on making it fit in so that you don’t really even notice it, so it’s part of everyday life. I am not going to lay out the advantages or importance of IT in business or as Bill Gates mentions, in our everyday lives. This is more about what is going on in the world of Information Technology and how new breakthrough technologies continue to disrupt the world.  

MIT Technology Review has been presenting ten breakthrough technologies every year. And in this list’s history of 18 years, the 2019 edition was curated by none other than Bill Gates. There could not be a better person than Gates, sharing with the world which new technologies he believes are poised to deeply impact our lives.  

MIT’s 2019 breakthrough technologies fall into 3 categories – climate change mitigation, healthcare and AI. These are some challenges and opportunities for our future society and communities. Based on Bill Gates’ beliefs, these chosen technologies indicate a trend of transition in technologies – from those that mostly made life longer to those that mostly make it better. 

Here goes the list: 

  1. Robot revolution—robot hands that can learn to manipulate unfamiliar objects on their own  
  1. New-wave nuclear power—Development of both new fission and fusion reactor designs making them safer and cheaper  
  1. Customizable cancer vaccines— Companies like BioNTech and a treatment that uses the body’s own immune system to target only tumoral cells  
  1. Predicting premature babies—a simple blood test that can predict chances of preterm birth, potentially saving many children’s lives  
  1. Probe-a-pill—a swallowable device that takes image the gut and even performs biopsies.
  1. Plant based burgers—The aim is to drastically cut emissions from the food industry by inventing both plant-based and lab-grown meat alternatives.  
  1. Separating and ‘Repurposing’ Carbon dioxide—Companies like Climeworks based in Zurich, are looking for economical techniques for absorbing CO2 from the air and locking it away. Companies aim to produce methane from carbon emissions and also sell carbon dioxide to the soft-drink industry 
  1. An ECG-enabled smartwatch— Electrocardiogram – popularly known as ECG – will be available as wearable technology. The wearable will be able to detect atrial fibrillation and continuously monitor people’s heart and health conditions, giving early warnings of problems. 
  1. Self-contained toilets—The low-income countries cannot afford the luxury of a sewer system. Gates says, “A self-contained toilet takes the human waste, liquid and solid, and in most cases does some type of separation. The solids you can essentially burn. The liquids you can filter” 
  1. All- capable AI assistants—Expect better conversations with AI Assistants that are capable of much more than just conversations like taking meeting notes and shopping online.  

Bill Gates is not just a believer but an avid investor in the development of these innovative technologies that are bound to change the world. As he says,

“How you gather, manage, and use information will determine whether you win or lose.” 

I for one believe the world is witnessing how IT has transformed businesses and is an integral part of its success. RKC providing online programmes understand the importance of tech and thus offers Online Masters that provide you with the necessary knowledge and skill to excel in the field of IT. Chat with our advisors on WhatsApp to know more about our 100% Online MBA specializing in Information Technology. Because in the words of Bill Gates,

“Vision without execution is daydreaming”. 

5 reasons why a career in Healthcare is not as bad as it seems today

I promise this is not another COVID-19 update, myths and truths or uncovering the facts where and how this deadly disease started, blog. There is more than enough information out there – and I’m talking about reliable sources only – enough to overwhelm most of us. 

These are challenging times for us as individuals and for society at large – humanity some might say. The global pandemic has changed the way nations operate and has impacted the global economy. The greatest and gravest impact of the pandemic, however, is on the healthcare systems around the world. With about 3.8million COVID-19 cases in 210 countries and territories (as of May 9th, 2020), the healthcare systems worldwide are immensely stressed. (https://covid19.who.int)

Healthcare systems are hit hard both directly and indirectly (too many patients at the same time, too many doctors becoming patients, lacking resources, inability to attend to other conditions, etc.) 

The World Health Organisation said so much: 

Countries will need to make difficult decisions to balance the demands of responding directly to COVID-19, while simultaneously engaging in strategic planning and coordinated action to maintain essential health service delivery, mitigating the risk of system collapse

WHO, March 2020

So, if this is not an update, nor a myth-busting blog, what is it? 

I would like to focus on the positives of this situation from an educational point of view, thinking especially of those who envisaged a career in the healthcare sector, people who are looking to switch careers, or someone already in the healthcare sector looking to verticalize their career path. Now is the time to “quarantine” and study!  

Choosing a career for yourself might be one of the biggest decisions you take in your life. Some of us are fortunate to follow our passions and interests and make a successful career out of it. Sometimes after pursuing a career for a whole number of years, we realise that it is not something we want to do for the rest of our lives. We’ve got to rationalize our interest and weigh the pros and cons a career offers. If you have been thinking what’s in it for you, here is what a career in the healthcare industry has to offer: 

Humanitarian side

While every profession tends to serve society in some way (well at least that is what I like to believe), in my opinion, healthcare is the noblest. The potential of changing and saving lives puts you on a higher pedestal as a professional compared to any other. If you have an innate desire of helping others and uplifting humankind, healthcare is the right place for you.

Tremendous Growth Opportunities

Surveys and labor statistics reveal that healthcare is one of the fastest growing industries with an estimated addition of 1.9 million new jobs. According to the U.S. Bureau of Labor Statistics, employment in healthcare occupations was projected to grow 14 percent from 2018 to 2028, much faster than the average for all occupations. 

Healthcare occupations are projected to add more jobs than any of the other occupational groups. This projected growth is mainly due to an aging population, leading to greater demand for healthcare services.

U.S. Bureau of Labor Statistics

Challenging situations like the ongoing pandemic of COVID-19 have created a need for strong healthcare leadership. The present outbreak is far from over, and the healthcare sector is operating at maximum capacity. There is an urgent need to adequately plan and utilise limited resources. At the same time, it has become all the more imperative for the healthcare systems worldwide to be prepared for any future events, as the COVID-19 pandemic is definitely not the last one.  

The sector offers a number of growth opportunities that are wide ranging, beyond the conventional patient care field of being a practitioner, nurse or therapist. There are opportune avenues for both horizontal and vertical growth in the sector. As the healthcare paradigm continues to evolve, there is a greater demand for innovation in healthcare technology, guided by the vision and sharp business acumen of a strong healthcare professional. 

Dynamic

Most days, a healthcare professional will bring new challenges and should bring with them joys and job satisfaction. Demand is changing and so are the roles in this industry which adds to its dynamicity.

 Flexibility

Healthcare offers flexibility in three ways. First the flexibility on choice of profession. You have a plethora of options to choose from: patient care services, government relations, human resources, planning and development to name just a few healthcare management positions you can get yourself into. 

Then you can choose the environment you want to work in. The healthcare management professionals are not limited to jobs in just hospitals. There are great career opportunities in consulting, state and federal agencies, insurance, laboratories and universities.

Thirdly, this industry is not bound by borders. The experience in the field is highly regarded across nations making you a valuable asset wherever you go (with few exceptions where licensing might be necessary).

Competitive Salary

Last but definitely not least, healthcare sector jobs are well paid and rewarding in the monetary sense as well. On an average, the median salaries of healthcare professionals are higher than the annual wages of all other occupations. (https://www.bls.gov/ooh/healthcare/home.htm)

A master’s degree could provide you ‘the edge’ to make a move into or to grow within the healthcare industry. The enhanced knowledge and multifaceted skillsets will allow you to make progress by leaps and bounds in the field.  

Because let’s be honest – who hasn’t had a bad “boss”? Highly competent people with tremendous skills in their profession, parachuted in leadership positions without preparation. That “joy and job satisfaction” we were mentioning earlier are highly impacted by leaders who are not fully prepared to lead other people too. 

Our Online MBA Healthcare programmes will help you understand international perspectives and also how to analyze the constraints and trade-offs in developing and implementing national health strategies, health care financing, economic evaluation, the role of effective change management and technological development. 

Chat LIVE on WhatsApp with one of our Education Advisors for more information on the healthcare management programmes offered and the application process. Remember to ask about our “quarantine” discounts and check your eligibility. 

On behalf of the entire RKC team, a special thanks to all healthcare professionals across the world for working tirelessly to keep our communities safe. Our gratitude to all of you responsible citizens for staying home and helping stop the spread. #thankyouheathcareworkers

Artificial Intelligence (AI) — The future of Business. Here are 6 reasons why!

Technology has always been the change catalyst for how we do business and with the rapid changes in communication technology, these changes are now taking place in real-time.

Technology enabling us to work virtually. Photo credit: unsplash.com/Uriel Soberanes

One of the key reasons for the long-term success of big multinational organisations is their ability to obtain business intelligence (BI) from their customers. Most organisations still collect feedback from their customers after a sale or service provided using a standard feedback form that asks typical questions. The information obtained through this method provides valuable information about the customers and their experience, but still the information is very limited, slow to get and process, and depends a lot on the customers’ willingness to give feedback. 

Organisations that invest in artificial intelligence (Al) and machine learning (ML) derive a lot of other benefits that can impact and provide business intelligence to multiple departments within the organisation. Furthermore, with the advancement in cloud storage and computing, data and business intelligence can be derived almost in real time. 

The following are some of the benefits of AI and ML especially in the era of cloud computing: 

  1. Enhanced Customer Experience: Real time intelligence on consumer buying behaviour provides companies with data on a number of key parameters from the spending capabilities of their customers, products that are trending, products that are reaching the end of their lifecycle, seasonal information, etc. Analysis of these data can provide the organisation with insights on the best ways to reach its customers through marketing activities, product pricing, product placement, etc. 
  2. Operational Automation: Operations are the backbone of an organisation. Without goods and services being produced or delivered, there is no purpose to the existence of an organisation. This is traditionally where the majority of the workforce is centred around, where the most wastage of resources takes place and is also the highest budgeted department of the organisation. Through the incorporation of AI and ML, the entire department can be streamlined to operate with best efficiency and in a cost and human resource effective manner.  
  3. Data Mining: Most organisations produce a mountain load of data every single day and it is not possible to manually go through all the data and extract some kind of BI from it. AI and ML will be able to quickly surface important and relevant patterns and insights during the processing of big data.  
  4. Supply Chain Management (SCM) Automation: Like operation automation, the BI derived through AI and ML can help streamline and increase the efficiency of the entire supply chain management process. It will also help in the automation of the entire SCM process. 
  5. Recruitment: Most big organisations receive thousands of job applications every month for a handful of job opportunities, making it almost impossible to go through all the applications to find the right person for the job. AI and ML can help (and indeed do already) in analysing the job requirements and the applicants’ data to find the right person for the job. 
  6. Trend Analysis: This key BI is applicable across all the departments of the organisation and is available through the analysis of all the data each department generates. By effectively predicting the trend, it will increase the efficiency and reduce the operational cost for an organisation as a whole, and at the same time increase its sales and overall profit. 

The above are just some of the more obvious benefits of an AI and ML system. Every day, new BI programmes are being developed. These programmes best utilise the AI and ML systems’ data to provide organisations with unique and valuable data to base future business decisions on.  

If you are looking to formalise your AI and ML knowledge, or looking for a jumpstart into a career in Artificial Intelligence, Robert Kennedy College offers a 100% Online MBA Artificial Intelligence through an exclusive partnership with the University of Cumbria, UK. Click here to apply for the programme. 

You can also chat LIVE on WhatsApp with one of our Education Advisors for more information on the programmes offered, application process, and for more information on any discounts we might be running in this rather strange period of our lives.

Financial Management: Boring to Death or Deadly if Misunderstood?

Finance: each one of us deals with finance in some way or the other on a daily basis, whether we are a professional accountant, a number-crunching wizard, an artist, a medical practitioner, a lawyer, an entrepreneur or a home-maker. There is no escape from finance even if you do find it difficult to comprehend the financial concepts or resent dealing with numbers (that goes for myself, huh numbers!).  Being pervasive might make it one of two things (or maybe both): boring to death, or critically important. 

At Robert Kennedy College (RKC), we know a master’s degree in management is a prime management qualification for managers. Our Online Master’s degrees give you a great overview of the business world and enhance your knowledge and skills further. And since Financial Management is an integral part of any business, we offer it as a core or as an elective module depending on which degree you choose to pursue.  

Now, before I share with you an insider’s view of the online module let’s get started with the basics – learning what financial management is and why it is important in business.

What “Finance” really is – academically speaking 

Khan and Jain (as cited in Classification of Finance by Paramasivan and Subramanian, 2009) define Finance as the art and science of managing money. Any kind of business entity, big or small, depends on finance to meet its requirements in the economic world and so if you accept that money is the lifeblood of the organization, then finance is its heart.

Types of Finance 

As described above, Finance is one of the most important functions of a business. It plays a paramount role in the smooth functioning of the business activities.

Finance can be classified into mainly two categories:  

Figure 1. Classification of Finance by Paramasivan and Subramanian (2009). Paramasivan, C., and Subramanian, T. (2009). Financial management (New Delhi: New Age International (P) Ltd., Publishers). 

Private Finance includes the Individual, Partnership, and Business or Corporate Finance, while Public Finance, on the other hand, covers Central, State and Semi-Government Financial matters. (Source: Financial Management by Paramasivan and Subramanian (2009)).   

Financial Management 

According to Joseph and Massie (as cited in Classification of Finance by Paramasivan and Subramanian, 2009): Financial Management “is the operational activity of a business that is responsible for obtaining and effectively utilizing the funds necessary for efficient operations.” The job of a finance manager includes procurement and efficient utilization of funds. Financial management has two main objectives: wealth maximization and profit maximization.  

So ultimately, why IS Financial Management important? 

It is imperative for any business to maintain adequate amounts of funds for its smooth operations. Financial Management thus plays an important role in the following: 

  1. Financial Planning:  Financial Management begins with the determination of the financial requirements of the business. 
  2. Acquisition of the funds: A financial manager employs the most effective means of acquiring adequate funds at minimum cost.  
  3. Utilization of funds: It is not just acquisition, financial management also involves the efficient and effective use of the sourced funds to improve the operational efficiency of the business. 
  4. Profitability: Employing financial management tools like accounting, budgetary control, ratio analysis and cost volume profit analysis, businesses look to improve their profitability. 
  5. Enhance the value of the firm: As stated earlier, one of the objectives of financial management is wealth maximization and improving returns for investors.  

 
What would you learn from the Financial Management module in the Online MBA? 

Business is about profit, and there can be sustainability only with proper knowledge of effective financial management. Oxford and Harvard Business School graduate Professor David Duffill will expand and reinforce your knowledge of financial accounting, management accounts, budgeting and financing. This module aims to provide an introduction to financial accountancy and managerial economics. The module will engage you in reflective and discursive argument on the materiality of different social, environmental and ethical issues, introducing you to accounting and principles of finance and letting you use your new knowledge in practical ways by using case studies. 

What our own students say about the module?

There is nothing better than to hear from the horse’s mouth (past and current students) though, so here’s what they have to say about the Financial Management module. Each cohort is surveyed at the end of the module.

For most students, the module was “an amazing learning experience”. The course developed their skills, enabling them to quickly adapt and find a new direction. The learning also allowed them to better understand changes in the economy, and identify new business opportunities.  

It “strengthened my business and financial skills”. Students benefit from a clear understanding of the foundations of finance as well as the various financial instruments used for valuations like futures and options and also from an understanding of financial statements to make an investment decision. Videos from Professor David Duffill and illustrated instructions on exercises or examples are seen as very helpful by an overwhelming majority. 

It is not all roses though. There is also agreement on the fact that assessments are very challenging (just like real business challenges are very … well … difficult!), yet they are also a very enjoyable experience allowing students to use different financial techniques to improve a business (for those who get it right anyway!).  

I hope you enjoyed reading about business finance management today. Stay tuned for next week’s blog that takes financial management to a more personal level – managing your personal (or family) budget! Watch this space!