Thursday, 21 April 2016

“Dos and Don’ts on Social Media to Build Your Leadership Brand Globally” ―Professor M.S.Rao



“Social media are a catalyst for the advancement of everyone's rights. It's where we're reminded that we're all human and all equal. It's where people can find and fight for a cause, global or local, popular or specialized, even when there are hundreds of miles between them.” — Queen Rania of Jordan


People earn either quick fame or bad name due to social media. There are celebrities who intentionally exploit social media to hit limelight. There are people who kick up controversies by tweeting posts to get noticed. It is obvious that everyone wants to get noticed either for good reasons or bad reasons. Unfortunately, most people get noticed for wrong reasons which is not a healthy trend. Hence, social media is playing a crucial role either to create or destroy the image of individuals. It all depends on how people use it.  

Research shows that most senior leaders don’t have social media presence. It adversely affects their leadership brand. In the world of social media, the slogan is ‘be visible or vanish!’  When you look at leaders like Richard Branson and Jack Welch, they have a huge social media presence. When you look at film stars, they have a huge social media presence because they thrive on their brand image.  Therefore, senior leaders and CEOs must have their social media presence to make their presence felt that helps them build their leadership brands globally.

On April 18, an eminent Indian website interviewed me on social media. Here are their questions with my answers on this amazing online platform:

Q: What is social media quotient according to you?
A: Social media quotient is the ability to share your knowledge and impact with others. It is your visibility and credibility on social media platforms. I opened a blog in 2007 titled, ‘Where Knowledge is Wealth’ URL: http://profmsr.blogspot.com and started sharing my knowledge. As a leadership professor, I realized the importance of social media in sharing knowledge with others more than a decade ago. Currently I have four blogs to cater to four kinds of audiences apart from LinkedIn: http://www.linkedin.com/pub/professor-rao/34/11a/b52,  Facebook Page: https://www.facebook.com/pages/Professor-MSRao/451516514937414  Twitter: http://twitter.com/professormsrao Google Plus: https://plus.google.com/+ProfessorMSRao   YouTube: http://www.youtube.com/user/profmsr7 and Amazon: http://www.amazon.com/M.-S.-Rao/e/B00MB63BKM. Being strong in social media quotient helps you reach your messages to the right audiences instantly. Similarly, companies reach their customers and clients successfully with this powerful platform. Succinctly, social media quotient is a powerful tool that helps you hit the bulls’ eye.

Q: How to use social media well?
A: Social media is a double edged sword. It can be used for either for good or bad. We must use it constructively to share our knowledge to make a difference to the world. Instead of adding value to ourselves, we must add value to others. We must create more knowledge and disseminate it for the benefit of mankind.

Q: What are three must and three no-nos for social media usage?
A: Don’t overuse it. Instead, use it judiciously. Don’t think of boasting yourself. Instead, think of adding value to others. Take issues that are burning and unaddressed by others. Address them. Encourage dialogue and discussion. Tolerate dissent and respect others’ ideas. Don’t attack others unfairly and unprofessionally. Be professional in your approach and attitude. Don’t overstretch. Don’t make false commitments. Don’t post plagiarized content. Don’t present fake information. Don’t post the stale content. Don’t post the same content repeatedly. Appreciate the knowledge shared by others and share their knowledge for the benefit of others. Don’t be in a hurry to network with eminent people. Above all, work for satisfaction, not for recognition.

Q: Can you explain the impact, if any, that social media quotient has made on you personally?
A: I have utilized social media effectively to build my brand as an International Leadership Guru. I get offers globally to keynote their conferences and provide leadership development training programs to corporates. My books are sold online. It is all possible because I share a lot of knowledge free of charge with the world through my four blogs http://professormsraovision2030.blogspot.in, http://profmsr.blogspot.com,  http://professormsrao.blogspot.com, and http://professormsraoguru.blogspot.com.

Q: What are some mistakes you regularly see leaders make on social media?
A: Some of the leaders post stale content that brings down their image. The readers lose interest and perceive such leaders wrongly. Remember, first impression is the best impression. Hence, leaders must start with a good impression by posting quality content in their area of interest to arouse interest in readers.  Additionally, they must do intensive research and post unique content that was not covered by others.

Q: How do you encourage creative thinking through social media?
A: When you read quality content on social media in your area of interest, you get more ideas and insights. You will find the gaps in the present area and explore to close them resulting in creation of more knowledge.

Q: Do you set aside specific times to cast vision to your followers through social media?
A: I have crafted Vision 2030: One Million Global Leaders URL:  http://professormsraovision2030.blogspot.in/2014/12/professor-m-s-raos-vision-2030-one_31.html. My vision program was ranked as one of the Top 10 Finalists in the ‘Not For Profit’ category of Leadership 500 Excellence Awards 2015.   My vision is to build one millions students as global leaders by 2030. It is a nonprofit initiative. I have trained more than 30,000 students as global leaders so far. I opened a blog on it and share my knowledge regularly http://professormsraovision2030.blogspot.in.  I regularly invest some time to post articles on students to groom them as leaders. Whenever I get opportunities from colleges to provide free training programs for students, I deliver it free of charge.  

Q: What are you doing to ensure you continue to grow and develop as a leader?
A: A good leader builds more leaders, not followers. I am building more leaders to make a difference to the world.  I do it through blogging, teaching and training programs.


Social Media is not a Sprint

Don’t consider social media as a sprint. It is a marathon. To be in the race in the long run, you must be a domain expert. Carve a niche for yourself. Over a period of time, you will have a specific set of readers and followers ready to read your online content. You must be patient and persistent to create your customers, clients and followers. Connect with your followers and respond their comments as far as possible. Cater some time to connect with your followers. In this way, you can also take their feedback to improve your content and build your brand gradually.


Conclusion

Social media is a powerful platform that builds your customers, clients, followers and fans globally. You must know how to use this amazing platform productively to reach your clients and build your global leadership brand. To summarize, although social media builds your brand with your consistent sharing of knowledge, you must consider building your leadership brand as a byproduct. You must keep your vision and mission in view to make your presence felt globally. To conclude, social media is a powerful platform to build your credibility and visibility. Hence, use it effectively to influence, impact and inspire others.


“We all have personal brands and most of us have already left a digital footprint, whether we like it or not. Proper social media use highlights your strengths that may not shine through in an interview or application and gives the world a broader view of who you are. Use it wisely.” — Amy Jo Martin


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Life is great!

Professor M.S.Rao, India
Founder of MSR Leadership Consultants India
Recipient of 10th International Prestigious Sardar Patel Award―2015




Thanks for reading!

Kindly share your thoughts and comments below, I’m sure someone out there will find your story useful.



Copyright©2016 MSR Leadership Consultants India. All Rights Reserved. Reproduction in whole or in part without permission is prohibited.

This is a nonprofit blog to share Professor M.S.Rao’s passion and vision to build one million students as global leaders by 2030. Please don't cut articles from my blog and redistribute by email or post to the web. The use of this material is free provided copyright is acknowledged and reference or link is made to the Blog http://professormsraovision2030.blogspot.in.  This material may not be sold, or published in any form, or used in the provision of business services to a third party without permission.

“Industry Expectations from Engineering Students in an Employment Interview” ―Professor M.S.Rao



“You can give lifetime employability by training people, by making them adaptable, making them mobile to go other places to do other things. But you can’t guarantee lifetime employment.” ― Jack Welch


I attended a workshop on Technical and Research Conference recently. Since I am on sabbatical to author a book on public speaking, I thought it was an opportunity to see different presentations to justify my book. One of the speakers spoke on next generation of engineers and what the industry expects from them. I paid more attention since I am passionate about shaping one million students as global leaders by 2030. http://professormsraovision2030.blogspot.in  

Fundamentally, industry expects various aspects from engineering students. They must be passionate about engineering. They must have basic domain knowledge and expertise on few software tools. They must have the desire to learn and grow. They must have an inventive aptitude. They must have strong communicational skills. Finally, they must fit in with the culture of the company.  However, the engineering students don’t have the basic knowledge presently. Additionally, they have attitudinal issues. They are not passionate about engineering. They don’t have the basic knowledge to offer solutions for the technical problems. Therefore, Indian engineering institutions must strive to address these issues and prepare students as per the expectations of the industry to make them employable and deployable in the corporate world. There is no meaning in dumping engineering graduates into the market without adequate mindset, toolset and skill sets.


Emphasize Employability, not Employment

Someone aptly put the actual definition of employability as follows: Employability is a set of achievements – skills, understandings and personal attributes – that make graduates more likely to gain employment and be successful in their chosen occupations, which benefits themselves, the workforce, the community and the economy.  Hence, Indian engineering educational institutions must emphasize on employability rather than employment because being employed is to be insecure while being employable is to be secure. Remember, employability is end product while employability is byproduct.

All stakeholders including educational institutions, industry, educators, students, parents, and nonprofits must work collaboratively to shell out engineering graduates with employability skills and abilities to add value to the society.


“According to National Council on Skill Development, Govt of India (NSDC) skill gap studies, nearly 170 million additional skilled people are required in 23 key sectors in India by 2022.”  ― Dr S. Ramadorai



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Life is great!

Professor M.S.Rao, India
Founder of MSR Leadership Consultants India
Recipient of 10th International Prestigious Sardar Patel Award―2015




Thanks for reading!

Kindly share your thoughts and comments below, I’m sure someone out there will find your story useful.



Copyright©2016 MSR Leadership Consultants India. All Rights Reserved. Reproduction in whole or in part without permission is prohibited.

This is a nonprofit blog to share Professor M.S.Rao’s passion and vision to build one million students as global leaders by 2030. Please don't cut articles from my blog and redistribute by email or post to the web. The use of this material is free provided copyright is acknowledged and reference or link is made to the Blog http://professormsraovision2030.blogspot.in.  This material may not be sold, or published in any form, or used in the provision of business services to a third party without permission.

Sunday, 27 March 2016

“Educational Loans @Your Doorsteps for Your Overseas Education” ―Professor M.S.Rao



"Choose a job you love, and you will never have to work a day in your life." — Confucius


If you intend to pursue overseas education but don’t know how to approach banks for educational loans, this post helps you have a fair idea on educational loans and the precautions you must observe while taking educational loans.

You can pursue educational loans through your consultant who has tie-up with a particular bank. If you have already paid consultancy fee to your overseas consultant, it is advisable to go through it.  If you don’t hire any consultant, you can approach both private and public sector banks to get the details of loans with rate of interests. They will guide you how much they can fund and the margin money you must have. When you approach private banks, find out the rate of interest and hidden costs involved in it. Usually the marketing executives from private banks don’t reveal everything to you. Hence, you must clarify your requirements to avoid hassles later. Here are some dos and don’ts that you must observe while taking education loans for your overseas education. 
  •  Read the brochure carefully before applying for educational loan to avoid springing last-minute surprises by your bank.
  • Compare the rate of interest from different banks. Find out the hidden costs involved. Some banks present rosy picture by promising moon and finally you end up finally paying more interest. Hence, be careful with banks. Have your queries clarified by the bank representative. If required, talk to his/her immediate manager to find out the facts. It helps you avoid burning fingers.
  • Ensure that you hit on the right bank with the right educational loan scheme to suit your needs.
  • Be careful with fluctuations in currency.
  • Take loan with protections. Don’t look only for rate of interest but look for flexible repayment terms as well.
  • You should pay EMI on time to avoid high penal interest.

If you approach private sector banks there is often a processing fee for your educational loan. Here are some details of bank loans from various sources for your reference.

Eligible expenses for education loan: Fees payable, accommodation charges, exam and library fees, reasonable expenses for books and equipment including computer, travelling expenses abroad and other reasonable expenses required to complete course.
Quantum of finance: Rs. 10 lakh for study in India and Rs. 20 lakh for study abroad. Banks may consider lending higher amount in special cases at their discretion.
Security: (a) up to Rs. 4 lakh- No security, parents to be joint borrower (b) between 4-7.5 lakhs- along with parents collateral security in form of third party guarantee (c) Above 7.5 lakhs- Parents to be joint borrowers+tangible collateral security of suitable value required.
Moratorium period for repayment: Course period + 1 year or 6 months after getting job, whichever is earlier
Margin money: Nil for loan up to Rs. 4 lakh. 5 percent and 15 percent respectively for study in India and abroad on loan above Rs. 4 lakhs.
Tenure of loan: 10 and 15 years for loan up to Rs 7.5 lakhs and above respectively

If you pay simple interest on the principal during the study period, your EMIs will be reduced to a large extent. Many banks also give a 1 per cent interest concession to those who repay the interest debited during the moratorium period.

Tax benefits: Under section 80(e) of the Indian income tax act, a person can exempt the amount paid against the interest of the education loan – either for self or for his/her spouse or children – for eight years from the year(s) he starts to repay the loan or for the duration the loan is in effect, whichever is more.

Research shows that there has been a sharp rise in the number of loan defaults. Hence, avoid the myth of viewing educational loans as a financial assistance which is not to be repaid.


Conclusion

Govt. of India encourages loans on education and housing provided you meet the requirements. Hence, you must plan ahead; do research; get the details; shortlist the best university as per your financial capacity; ensure funding from your bank at reasonable rate of interest; make room for contingencies; prepare yourself mentally; network with others; learn and work smart to acquire overseas education.

Good luck!


"All great changes are preceded by chaos." — Deepak Chopra

Reference

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Life is great!

Professor M.S.Rao, India
Founder of MSR Leadership Consultants India
Recipient of 10th International Prestigious Sardar Patel Award―2015
21 Success Sutras for Leaders: Top 10 Leadership Books of the Year (San Diego University) Amazon URL: http://www.amazon.com/21-Success-Sutras-Leaders-ebook/dp/B00AK98ELI




Thanks for reading!

Kindly share your thoughts and comments below, I’m sure someone out there will find your story useful.



Copyright©2016 MSR Leadership Consultants India. All Rights Reserved. Reproduction in whole or in part without permission is prohibited.

This is a nonprofit blog to share Professor M.S.Rao’s passion and vision to build one million students as global leaders by 2030. Please don't cut articles from my blog and redistribute by email or post to the web. The use of this material is free provided copyright is acknowledged and reference or link is made to the Blog http://professormsraovision2030.blogspot.in.  This material may not be sold, or published in any form, or used in the provision of business services to a third party without permission.