“Knowledge is not power, it is only potential. Applying that knowledge is power. Understanding why and when to apply that knowledge is wisdom”
JIMS, Rohini organised a workshop on Application of Principles and Practices of Management for a retail venture for PGDM-Retail Management students batch 2021-23 on 3rd December, 2021. The resource person was Mr. Soumitra Mookherjee, Management Consultant and Professor in Management.
The workshop started by Mr. Mookherjee stating the meaning and importance of application of the Principles of management. Thereafter, the class was divided into groups of 3 students each wherein each group had to come up with a unique and original business plan and had to prepare a presentation of the same by incorporating the principles in detail.
Mr. Mookherjee helped all the groups by discussing their plans personally in detail and giving them ideas to add on to the presentations.
Towards the end of the presentation, all the groups presented their business plans which contained the financial plan, management of personnel and inventory.
It was a very enriching session in which students learnt the real life application of the concepts of management studies.