Day: March 22, 2016

Cost management is Key to Indian Competitive Advantage

Cost management is Key to Indian Competitive Advantage

At Centre of E- Commerce -IMS Noida, Experts Discuss Strategic Cost Management as Key to Managerial Success

Management Development Programme discussed strategies on cost management to devise better managerial decisions and business strategies to remain cost effective

Noida, 19 March 2016: Leading academics, industry insiders and experts in the field of management came together at leading management institute IMS Noida to discuss the latest issues afflicting the industry and solutions towards better cost management strategies that can keep organizations competitive and profitable.

The three-day periodic Management Development Programme organized by IMS Noida had experts, highlight the importance of striking a balance between cost and quality. The event primarily focused on Strategic Cost Management, a crucial subject in management studies that pertains to the economics of reducing costs without compromising on quality and delivery. The second day of the programme started with a recapitulation of the management cases discussed on activity based costing and cost volume profit analysis of the first day. The morning session thereafter began with the discussion on challenges faced by organization on the financial front like transfer price issues, generating profit centres and various aspects of management control systems and performance related issues. Exhaustive cases relating to these aspects were taken up by Professor Rajendra Patel, former World Bank expert and faculty at IIM Ahmedabad. The participants were enriched with one to one discussion on various aspects of financial controls they are currently practicing in their respective organizations.

While the program discussed new perspectives on methods and techniques for appropriate cost planning, importance of managing costs and aligning them with the business strategy of an entity, it also highlighted the importance of improving management practices for long term growth or organizations.

“We had very healthy discussions among management students, experts and industry insiders into the key challenges of running organizations. Through such programs, the students who are themselves on the threshold of entering the industry get a close understanding of the constantly evolving challenges they would face as management executives. Strategic Cost Management is one of the most relevant aspects of management studies today. Cost effectiveness is the key to competitiveness in a highly connected world like ours. Hence, there is greater need today to recognize different costing systems and strategies and devise better managerial decisions and business strategies to constantly remain cost effective. As a discipline, management studies needs to constantly evolve itself to include in its paradigm the changing needs of the time, which keep throwing up new challenges into the discipline,” said Dr KJS Anand, Executive Director, IMS Noida.
Professor Rajendra Patel, shared interesting accounts and experiences as the key speaker. The participants were also introduced to basics such as costing terminology, cost objects, cost drivers, conventional method of indirect cost allocation and others he also discussed broader aspect such Management Control & Organizational Performance, Performance Measurement – Balanced Scorecard – Beyond Financial Numbers and other in detail.

“The event turned out to be really knowledgeable, thanks to the valuable insights by Prof Rajendra Patel. His experience and knowledge undoubtedly helped us to get a picture of need and requirements in the management studies that would further help us to create good managers and entrepreneurs. His experience with the industry as well as an academic gives him a deep insight into the world of business and entrepreneurial challenges. We are thankful to Prof Patel for his precious time and participation,” added Dr. Debarshi Mukherjee, Associate Dean Management , IMS Noida.
Chef Kunal, Saransh & Shipra Say #CraveNoMore with Saffola Masala Oats Chinese and Italian variants

Chef Kunal, Saransh & Shipra Say #CraveNoMore with Saffola Masala Oats Chinese and Italian variants

Have you ever-imagined Chinese and Italian cuisine being guilt free? Globally renowned Chef extraordinaire, Kunal Kapur now brings to you the new Saffola Masala Oats, Chefs Choice range in Italian & Chinese flavors, a delightful treat for the taste buds. To celebrate the launch of these exquisite flavors, Saffola Masala Oats hosted top bloggers from across India for a fun-filled and enriching gastronomic experience with gourmet chefs – Kunal Kapur, Saransh Goila and Shipra Khanna.

During the meet, Chef Kunal Kapur announced a two-phase competition around #CraveNoMore with SaffolaMasalaOats. The Phase I of #CraveNoMore took off in Delhi; an exciting mystery box challenge wherein 40 food bloggers were presented with the task of identifying exotic Chinese & Italian food condiments. Out of these, 24 bloggers became a part of the exhilarating cook-off thereafter creating quick recipes using Saffola Masala Oats Italian and Chinese variant as the key ingredient.  I missed out on winning this one, but had a great fun cheering for some new friends I made.

Judged by the Fit Foodie panelists, Chef Kunal Kapur, Chef Shipra Khanna and Chef Saransh Goila, announced Adarsh Munjal, The Big Bhookad; Kumar Jhuremalani, Pet Pujaris; Saloni Malkhani, Food Bloggers Association of India (FBAI); Sayantani Mahapatra, A Homemaker’s Diary; Priya Sharma, Mumasfooddiary and Richa Gupta, Myfoodstory as the winners for the phase I. The winners from this phase will go on to Phase 2 of the competition and will participate in a ‘food-truck’ challenge in Mumbai.

The Fit Foodie panelists, Chef Shipra Khanna and Chef Saransh Goila went on to create some unique and interesting snacking recipes through their master class with the bloggers. While Chef Shipra chose Italian Saffola Masala Oats and came up with the delicious Cottage cheese oats with yogurt and apple salad recipe, Chef Saransh Goila picked the Chinese variant and prepared Saffola Masala Oats Chinese Wraps in just a few minutes. I got lucky to get a chance of helping around chef Saransh with his preparations while he kept the audience splitting in laughter with his spontaneous humour.

Commenting on the occasion, Saffola Masala Oats brand Ambassador, Chef Kunal Kapur, one of the most celebrated faces of Indian cuisine today and winner of several National culinary awards, said “It feels great to be associated with Saffola Masala Oats in their innovation journey and co-creating the new Chinese & Italian flavors. As part of Saffola Fit Foodie panel, we always encourage people to adopt healthy eating habits and I believe these new variants are a perfect blend of tasty yet healthy snack. Today at Saffola #CraveNoMore meet, I was impressed to see the creative way food enthusiasts showed off their best culinary skills!”
 “I am glad to be a part of Saffola Masala Oats fit foodie panel. It was truly an experience to witness the #CraveNoMore cook-off event today in Delhi, where the online food influencers gave an interesting and creative spin to Chinese and Italian flavor oats”,said India’s youngest celebrity chef Saransh Goila also known for his popular show Roti Rasta Aur India and Health Challenges

MasterChef India winner Chef Shipra Khanna added,” I am delighted to join  Saffola fit foodie panel and feel the new flavours are an apt solution to satiate the hunger craving of health conscious people. Italian being my favorite cuisine, it was a fun saturday spent with the online food community exploring some scrumptious dishes prepared with Italian Oats. Many congratulations to the winners #CraveNoMore Cook-off and looking forward to meet them soon in Mumbai.
Its going to be one of the most memorable events of all time, as I got a chance to meet these celebrity master chefs who were so friendly and humble. Respect for all of them.
Saffola Masala Oats has created the ‘unthinkable’ by smartly infusing the essence of most popular international cuisines in India- Chinese and Italian, in Oats. The new flavours have been introduced to make snacking guilt-free and unbelievably tasty. With universal appeal to consumers across varied age groups ranging from children, youth to adults, these variants are first-of-its-kind offering in in oats in both domestic and international market.
Variants description:
Saffola Masala Oats Chefs Choice Chinese Flavor has a spicy tangy taste, which comes from a mix of juicy corn, crunchy french beans and capsicum, leaving you with an authentic Chinese flavour.
Saffola Masala Oats Chefs Choice Italian Flavor is a delectable mix of green capsicum, spicy red chilli flakes, oregano and a dash of pepper which gives it a cheesy taste with just the right amount of spice.

Wolfgang & Company Showcases its Delectable Food at the Grub Fest

The Wolfgang & Company is an upcoming restaurant, which would be opening shortly in Connaught Place, but this not hinder the owner Mr. Kuldeep to showcase a glimpse of what the place is all going to be about and also making people relish some of the dishes from the menu.
This time at Grub Fest, I thought of going ahead and trying out this new place which didn’t carry any baggage of reviews, praises or criticism and hence there was no expectation as such.

And somehow I have come to a conclusion that when you don’t expect, you are left pleasantly surprised more often than being disappointed.

We tried some random dishes suggested by Kuldeep himself and I have to say that each one of them was just perfect. I just loved their preparations they tasted awesome.
We were served Mutton Kebabs, Apple Salad, Mushroom Kebabs and Chicken Quesadillas.

 The mutton kebabs were delectable and had a very peculiar taste.

Mushroom Kebabs that came each resting on a small parantha, were a mouth melting experience. Its vegetarian’s delight, you just can’t tell the difference in a mutton galauti kebab and the mushroom ones.

The chicken quesadillas were amazing too, but the best was the apple salad. Its one of those salads that will take me back to this place again and again.
The meal came to an end with a delicious Tiramisu and I thoroughly enjoyed the same. I really look forward to the opening of this restaurant, which will then give us a chance to explore more dishes and savour them.

Its definitely one place that you should watch out for..!!

Wolfgang & Company Menu, Reviews, Photos, Location and Info - Zomato

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