Management – Page 4 – The IIM Kashipur Blog

OnYourMark- The Marketing Club| IIM Kashipur

OnYourMark (OYM), the Marketing Club of IIM Kashipur, was established on 16th January 2014 by the students to promote and nurture the knowledge of marketing in the IIM Kashipur community. The raison d’être for OYM is to create an amenable ethos towards marketing. OYM strives to create enthusiasm among the students for the domain of marketing and guide them to explore their careers in this field. As it has rightly been said in the business world, “Marketing is not anyone’s job… It’s everyone’s job!”. The club seeks to make the student community well-versed with the recent happenings in the field of marketing to aid their industry knowledge and recruitment preparation.

OYM oversees several initiatives to achieve the club’s:

Vision: To improve the marketing acumen of IIM Kashipur & build a culture of Marketing studies.

Mission: Organizing student-centric events to involve maximum participation and benefits for all.

With the growing use of the online medium, the club adapted to new modes of learning and incorporated new initiatives to emanate marketing knowledge through channels like social media and video conferencing. The following are some key activities undertaken by the club to foster accentuated learning:

Forevision Workshops: OYM facilitated Marketing Workshops from Forevision in Digital Marketing and Advanced FMCG sales techniques training which had successful participation of 100+ students. These help them gain practical exposure to the current trends and tools through real-life case studies, exercises, and live demos which are increasingly used in businesses nowadays and enable them to think out of the box, just like a marketer is supposed to.
CutPaste Article series: Carefully curated articles are handpicked by OYM and extracts illustrating the concepts are shared with the batch in an email blast to familiarize and update them with the latest, modern terminologies in a short period. This allows them to quickly grasp these concepts and also gives them an option to read the full article provided to enhance their understanding.
Open house discussions: Discussions on current events as well as concepts that students learn in classrooms are further deliberated to gain deeper insights into the subject matter.
Guidance in case-studies: Conducting in-depth discussions on the cases in the curriculum to better equip the students with the principles used in a light-hearted environment. This gives the students confidence to contribute in class and further their knowledge.
Encouraging a culture of corporate competitions: Corporate competitions give students a chance to apply curriculum learnings and search for viable solutions to real-world business problems. OYM identifies marketing based opportunities from a plethora of competitions and encourages student participation.
Marketing Weekly – OYM collaborated with Marketing Weekly to help the students navigate the overwhelming sea of marketing content. A breakdown of marketing concepts as well as the latest news are illustrated in these weekly articles keeps everybody up to date with the current industry trends and expectations.
Social Media Campaigns: From concepts, trends, and everything marketing, campaigns are run on OYM social media handles to create an enthusiasm for marketing. These posts provide interesting reads with a visual aid to engage the reader.

OYM also conducts events year-round to engage students with practical exposure to marketing concepts so that they learn the application of the same.

Guerrilla MarFair: A Guerrilla marketing event enabling participants to create displays and advertise any brand. The event boasts average participation of 125+ students every year.
Markaholic: The flagship case study competition of OYM is an event conducted during Agnitraya. It received the highest registration of 1079+ in the previous year with participants coming from many top B-schools like IIM Lucknow, IIM K, IIFT, etc.
Online Week of Social Media Marketing: Participants create a video Advertisement based on the theme selected and strive to go viral on social media. This tests and hones the participant’s social media strategy and technique which is a quickly growing and required marketing skill.
MarQuiz: An intra-college marketing quiz competition aimed at inculcating a competitive spirit and encouraging teamwork. It focuses on expanding the students’ knowledge in the domain.

The club also conducts entertaining events to further pique the interest of students in the field of marketing by incorporating elements like brand-knowledge, wit, and the ability to pitch your ideas such as:

Ambush Marketing: The participants use their creativity to implement the tactic of Ambush marketing to ambush their rival teams during the Kashipur Premier League.
Pitch Please: A test of persuasion and zeal is presented as a challenge to the participant in this event. They need to pitch a product, an idea, or a sellable item, and winners are crowned based on the votes they receive from the audience.
DumbCharADs: A fun-filled brand guessing game that tests students on their brand awareness as well as acting acumen.

In this way, the club presents a spectrum of potential possibilities in the field of marketing for a student to pursue. It keeps a buzz around marketing domain and fuels the enthusiasm of the students at its best.

Scope of MBA in Business Analytics – IIM Kashipur

Analytics is a booming field right now and there is a heavy demand for analytics professionals. An MBA in Business Analytics will give you an overall understanding of how the analytics industry works as well as what role you would be required to perform. You may want to tap into this challenging and demanding field if you have an analytical mindset or an interest in statistics. The multidisciplinary MBA in Business Analytics covers technical, corporate, management, leadership, and communication training as well as business-analytical qualifications.

The MBA (Analytics) program at IIM Kashipur is a two-year full-time residential program which aims to prepare managers and future leaders who will shape the increasingly technology-oriented and data-driven world. It focuses on grooming its students to acquire knowledge, skills and attitudes for leadership profiles so that they can seamlessly navigate the ever-changing business landscape. The primary objective of the institute is to nurture the students through a balanced mix of academics, industry exposure and co-curricular activities. Here is an overview of why and what all parameters one must consider before giving a thought of pursuing MBA in Analytics.

What to Learn?

An MBA trains business leader, including managers, and your primary area of education in business and management. Your MBA program, including “hard” and “soft” business skills, gives you a strong understanding of business fundamentals. This is taught in a fixed sequence of necessary courses or “core courses.” Some of the classes you may encounter as part of your MBA core include:

· Accounting

· Finance

· Marketing

· Ethics

· Operations

· Macroeconomics

· International Business

· Microeconomics

· Human Resources

· Leadership

Your concentration on business analytics will delve into specific business analytics and data expertise and also teach you to understand business issues via a data-driven lens. The most advanced business analysis tools, case studies, and projects, including real-world data, allow you to practice practically. Some of the classes you may see offered as part of a business analytics MBA concentration include:

· Spreadsheet Modelling

· Accounting Analytics

· Marketing Analytics

· Financial Analytics

· Business Statistics

· Applied Regression

· Principles of Management Science

· Data Mining

· Forecasting and Modelling

· Business Computing

Data science vs Business Analytics are separate disciplines, which are quite often used interchangeably. A layman may not be so concerned with this interchangeability, but professionals have to use the words appropriately, since they have a broad and immediate effect on the company.

Is Business Analytics and Data Science the same?

A Business Analyst’s job includes researching and extracting useful information to clarify business performance (present and future) from data sources. The correct plan to develop the organization is often decided by a Business Analyst. Whereas, Data scientists gather, analyze, and interpret broad data sets and use their analytical, mathematical, and programming skills to decipher valuable insights for solving difficult business problems. The three major factors that differentiate business analysts from data scientists are overall responsibilities, skill sets, and user interaction.

Overall responsibilities: The functional requirements that inform IT system design is provided by business analysts. On the other hand data scientists derive significance from the data generated and processed by such systems. Data scientists may also simplify the activities of the company analyst and be able to provide some of the market insights. Taking monetary benefits into consideration business analysts are slightly paid more than data analysts.

Skill Sets: Business analysts need data science expertise as well as skills related to communication, critical thinking, negotiation, and management. Whereas, data analysts need similar skills with a more in-depth emphasis on technological data manipulation.

User interaction: Business analysts also have more direct contact with system users, clients, system developers, and others as project facilitators and managers than data analysts do. That’s because market analysts will also interview individuals and learn more about how to enhance technology to help business processes. During the course of a single project, they work collaboratively with others. While data analysts can initially collaborate to define important data sets with internal subject matter experts, the majority of their work is performed independently.

Considering business analytics and data science domain, the former attracts the target base more owing to its business coherence and state of the art application-related job role. Apart from these there are few more benefits of pursuing business analytics which are as follows:

More informed decision making: Business analytics can be a valuable resource when approaching a substantial strategic decision. For example, when the company needs to analyze its product line update, business analytics can be applied to determine whether the updated product has resulted in faster service, more precise recommendations for resolution, and higher scores of customer satisfaction are achieved.

Improved operational efficiency: Analytics, beyond financial benefits, can be used to fine-tune company processes. Business analytics can be used to forecast business operations and assist the company by more effectively timing maintenance, enabling it not only to save operating costs, but also to ensure that it maintains assets at optimum levels of performance.

Is Business analytics a good career option?

As digitization has become a buzz in recent times with technology and data being utilized from local grocery shops to well-sophisticated malls, the demand for business analysts also has increased significantly. Moreover, as per the statistics, for every hour, terabytes of data are generated by 6 billion connected devices. With this increasing demand, there is an insufficient supply of professionals.

From the above-mentioned courses offered by MBA institutes, one can get the knowledge of the following skills: Python, SQL databases, and R, Survey/query software, Business intelligence, and reporting software, Data visualization, Database design, Problem-solving skills, Effective Communication, Creative Thinking and Industry Knowledge. These help them to be the best fit for diversified job roles, which include data analyst, supply chain analyst, big data analyst, business analyst, marketing analyst, finance analyst, HR analyst, etc. The increasing demand for MBAs with analytical skills has made Business Analytics a relatively new and popular specialization in the management domain.

What is a Business Analytics MBA Job Market?

There is a shortfall of 1.5 million analysts, according to a report by the McKinsey World Institute. With an MBA in Business Analytics, you are eligible for a large range of careers, including popular C-suite jobs. This is because MBA graduates are qualified to hold leadership positions in a number of business environments. In all types of businesses, health industry marketing, supply chain management, data-driven decision-making is increasingly in demand. Based on their domain knowledge, skills and work experience, companies typically offer these job roles to candidates. The high demand for professionals with an MBA in Business Analytics is generated by MNCs, retail and manufacturing companies, IT companies, e-commerce companies, consultancies, telecommunications companies and business analytics and intelligence companies. MBAs are hired not only by MNCs but even by startups. As an MBA is primarily a business degree in Business Analytics, you will not be looking at data science work. You’ll be eligible for data-driven positioning instead. You will also have the advantage of competing with a background in analytics for more general positions in business management.

To conclude, the MBA in Business Analytics is an upcoming field of expertise in all sectors of the industry that is gaining increasing traction. The specialization demonstrates a positive and promising outlook, and you can go ahead and begin your MBA journey in Business Analytics for those of you who have long been skeptical about choosing this career path!

Deshmaa RT and Sakshi Poddar

MBA (Analytics) 2020-22

Indian Institute of Management Kashipur

HRhythm - The HR Club | IIM Kashipur

Human Resources is one of the most sought-after domains for students who enrol every year to pursue an MBA. HRhythm-The HR club of IIM Kashipur comprises aspiring HR professionals, focused on providing HR-related content and making students abreast of the current industry practices. Hence, they leave no stones unturned to make the students aware of the opportunities and competition present in the domain in terms of B-school and corporate competitions.

HRhythm conducts a plethora of activities to cater to the interest in the Human Resources domain. The club has adapted to changes in the learning behaviour. It continues to implement them to efficiently impart knowledge and develop the interest of people in the field of Human Resources.

HRhythm conducts events encompassing various HR themes to accomplish the objective of amassing the HR enthusiasts nationwide by providing them with a platform for showcasing their HR skills. Apart from discovering and honouring the country’s talents, these events also provide a conducive environment to sharpen the ‘HR skills’. Some of the famous events by the club include –

No alternative text description for this image

Scribble Dribble

Scribble Dribble is a Pan India article writing competition which encourages the bright minds of Indian B-Schools to draft an innovative article pertaining to the domain of Human Resources. It is conducted every year with an additional attribute that makes the event more stimulating than before. Both undergraduate and MBA students, across the country participate in huge numbers with great enthusiasm to demonstrate their writing skills and HR acumen. This year, a quiz-round was added to the existing competition structure, before the article-writing round to test the basic understanding of the HR concepts in a participant.

2. Pragyan

This is the annual flagship Case Study Competition hosted by the club. The participants are given a set of real-world scenarios that reflect the current problems faced in the corporate world, specifically in the HR domain. The motive is to let the participants take a peek into the state of affairs in most organizations and to make them savour the essence of solving simulated real-life corporate problems.

3. HResilience

In HResilience, the participants wear the hat of Labour Union Leaders and Employee Relation Manager, to showcase their bargaining expertise, problem-solving skills, and empathy for solving the persisting employee problems via reaching an amicable solution at the end. This event is also conducted to provide students with the industry conflicts that emerge in real case scenarios and apply HR concepts to come up with the optimum solution.

4. Negotiator

This event encourages students to display or showcase their negotiation skills when confronted with a real-life business case. ‘Negotiator’ allows participants to be in the shoes of the CHRO and provides them with a platform to present their solution for the problems prevailing in the organization. It challenges their critical thinking, decision-making ability, analytical skills, and emotional intelligence to come up with the best possible solution in the given scenario.

The club utilizes its social media handles as a platform to impart knowledge about the HR world, with an additional essence to the content to make them cater to an average individual with even little to no interest in Human Resources. The club has consistently posted articles, and other relevant content on social media handles to promote students’ interests and keep them updated with the relevant information. Following is a walk-through of the HRhythm’s efforts:

Interactive content in the form of small videos and slides facilitates human resource learning lucidly. Audio-visual content aims at learning, brushing, implementing HR concepts.
A regular series of content uploads in the form of infotainment. Articles based on an amalgamation of HR concepts with mainstream Pop-Culture to generate interest in the student community.
Personality development and interview tips which help students to survive, sustain, and flourish in today’s competitive environment.
To complement classroom learning with corporate implementation, HRhythm is currently working towards organizing a series of interviews with industry experts. A summary of the same would be shared with the students in the form of a write-up or video. Inputs from industry experts will help students in gaining insights into the real-life HR world.

These efforts have not only increased the club’s social media presence but most importantly, it has been able to spark the desire inside many people towards the HR domain and it continues to do so.

Also, the team invites leaders from the corporate world to share their understanding of the domain and talk about the experiences that shaped their career as a young HR aspirant. They believe students should always perceive the reality and not illusions, which reflects in the engagement activities carried out by the club. Knowledge sharing sessions by Executive Members have been conducted to make students aware of recent happenings in the field of Human Resource Management, which will help them in acing selection processes for HR roles.

HRhythm also undertakes the responsibility of representing IIM Kashipur in the Human Resources domain and this involves maintaining relations with HR Clubs of other premier B-Schools across the country. This, in turn helps the students at IIM Kashipur to seamlessly participate in HR events of these institutes and thus creating synergy. Such relations would provide mutual benefits as students can participate, learn and win competitions. With this, the club has been able to establish the flag of IIM Kashipur in the sphere of human resources.

Econs – The Economics Club | IIM Kashipur

Image may contain: text that says "ECONS ECONOMICS CLUB IIM KASHIPUR"

Econs – the Economics Club of IIM Kashipur is one of the seven academic clubs of IIM Kashipur. Econs bears the responsibility of increasing awareness, generating inquisitiveness, and fostering passion among the students and faculty in the field of economics.

The economics club was founded in the year 2019 as an interest-based club to impart knowledge, invoke discussions and conversations pertaining to economics, and highlight its importance and linkages to different business domains. Late American scholar Warren Bennis said that “Success in management requires learning as fast as the world is changing”. Keeping up with this notion, the club has found it extremely pertinent for aspiring managers to be aware of “Economics” affecting their daily lives and make them better prepared to tackle business situations efficiently. Since its inception, Econs has gradually attained the status of a core academic club and has carried out a plethora of activities in this direction.

Image may contain: 1 person, sitting, text that says "Budget Highlights the current fiscal. For FY21, Rs 4.99 lakh crore; FY20 fiscal deficit revised .8% from 3.3% fiscal deficit ena 3.5% Net market borrowing for FY20 crore. Nominal GDP growth 2020-21 estimateda 10% Receipts 2020-2 estimated Rs 22.46 lakh crore. Expenditure the year 2020-2 Rs 30.42 lakh crore. FY21 it's pegged"

In the first year of its functioning, the club conducted ‘Arthashastra’, the flagship event of Econs, during Agnitraya 2019, which saw participation by around 450 teams from various B-schools across India. In this competition, different teams designed a feasible economic policy of their choice that resonated with India’s ultimate goal of achieving a five trillion-dollar economy. Along with that, Econs also conducted an ‘Infographics Making Competition’ covering topics like the future of banking, green Economy, and the effects of immigration on the Indian Economy. Econs also conducted the ‘Union Budget Prediction Competition’ wherein the participants had to guess highlights of the Union Budget and the participant with the closest prediction took away the prices. The event was welcomed with utmost enthusiasm.

The club makes the students aware of the domain by posting short articles bi-weekly through its social media handles on Twitter, Instagram, Facebook, and LinkedIn. For the academic year 2019-20, the posts have covered topics like RBI monetary policy highlights, US elections impact on the Economy, and Atmanirbhar Bharat 3.0 to name a few. Along with the weekly posts, social media handles also feature monthly newsletters. The club shared this academic year’s first newsletter for the month of October 2020. The comprehensive issue featured the fragile state of the NBFC sector in India along with articles on comparing the Chinese Economy with the Indian Economy and giving a brief about the economic aspect of “Stubble Burning”. With an objective to inculcate the interest in reading in the field of economics, the newsletter also featured a review of a famous book ” Of Counsel-The Challenges of the Modi-Jaitley Economy” written by our former Chief Economic Adviser, Government of India, Mr Arvind Subramanian. Along with these, the newsletter had lighter sections like “Jargons” and “Current Affairs” too.

The club provides a platform for all the people to discuss, debate, and design on the current economic developments and government or regulatory policies and announcements. Throughout the year members of the club also conduct knowledge sharing sessions through case studies, quizzes, and games to instil and fuel a growing interest among students to understand and analyze their theoretical concepts towards practical applications.

Image may contain: one or more people, text that says "Conscientia 2020 27 SEP Dhiraj Nayyar Director, Economics & Policy Vedanta Resources Limited Former- Officer Special Duty Head, Economics, Finance Trade, NITI Aayog 4 PM LEADERSHIP TALK SERIES ECONS IIM KASHIPUR vedanta transforming elements MKASHIPUR KASHIPUR"

On the corporate front, the club extensively interacts with experts and industrial stalwarts in the field of business and economics to share insights regarding the latest happenings through a seminar or a lecture. Econs became the first academic club in IIM Kashipur to conduct a guest lecture in Conscientia 2020 leadership talk series. The eminent speaker of the guest lecture was Mr Dhiraj Nayyar, the Chief Economist of Vedanta Group and a former member of NITI Ayog, who delivered an insightful session on the relevance of economics for the managers.

Through its numerous strides in continuously highlighting different aspects of economics, Econs has achieved a distinct recognition in keeping up with its mission and being a forerunner for the same. The aim is to increase awareness about Economics among students. Our mission is to inculcate interest among the students of IIM Kashipur in economics and help them understand how economics is interlinked with various fields. We work to bring together all the economics and business enthusiasts inside and outside the campus together to discuss and debate the major economic events of the world to foster new ideas for the future.

Consilium - the Consulting and Strategy Club | IIM Kashipur

Opportunities! “Consultants must find newer opportunities. If you can’t find one, create one.” This is precisely what Consilium strives to do – creating opportunities!

Consilium, the academic club of IIM Kashipur deals with Strategy and Consulting aspects of Management. Since its inception, Consilium is determined to assist the students with preparation, comprehension and expertise in this domain. The club continuously collects and updates relevant resources to enhance the knowledge of the community. With the changing business dynamics across the globe and shift in the recent global order, Consilium ensures that the students are equipped with the latest trends and have hands-on learning experience throughout the academic year.

Established with the vision of nurturing students to become the future leaders in the domain of consulting and business strategy, Consilium has been consistently working in this direction by conducting case study competitions, knowledge sharing seminars, guesstimate workshops and the most anticipated-industry interactions.

The Domain

“Without strategy, execution is aimless. Without execution, strategy is useless.” – Morris Chang

Consultants often find themselves interacting with different verticals and domains of the business. It requires solving problems not just through single domain optimization but via a collective approach encompassing all domains. The problems can be visualized with say an example where an organization wishes to analyze the pros and cons of venturing into a new market, which will require an understanding of marketing, finance, supply chain, operations, and a fair knowledge of relevance between all of these. That is where strategy comes into play. The methodology does not limit to one vertical but through a broader lens for looking at multiple domains.

Roadmap

The journey with Consilium starts with the very first month in the MBA curriculum at IIM Kashipur, where students are provided with the introduction to Strategy Frameworks, Consulting interview questions and reference materials. These resources assist students not just to gain a perspective in the domain, but also to comprehend highlights of the practices that are used in further stages.

Moving forward, Consilium provides a variety of hands-on opportunities through case competitions, business simulations, questionnaires and industry connections. The club is managed by Executive members who have demonstrated the knowledge and expertise at National level having a flavour of participating and winning reputed B-school and corporate case study competitions like Flipkart Wired, Thoucentric Bottoms Up, etc.

Consilium Insider

Consilium’s monthly newsletter shares the best practices, strategies and changing dynamics from different industries ranging from sports, FMCG, Petrochemical to latest Industry 4.0. Further, the newsletter comprises frameworks and their usage in real-life business problems from these industries. The club also ensures that the resources are not just limited to a monthly basis, and provide consistent updates through our social media channels.

The theme for the November Newsletter had been Covid-19 impact on business strategies covering the impact on the Sports and Oil industry along with the role of Digital trends in business expansion.

ForeSight Series

“It’s not about money or connections – it’s the willingness to outwork and outlearn everyone…And if it fails, you learn from what happened and do a better job next time.” – Mark Cuban

In Foresight Series, the academic experience in consulting and strategy is tested through gamified quizzes, guesstimates and infographics. Foresight comprises three events throughout the year, offering a constant opportunity to compete with peers and test their mettle in solving real-world problems. Due to pandemic, Foresight 4.1 was conducted online with a mix of quiz to cover domain knowledge and guesstimates problems to prepare students for interviews.

Industry Connect

Consilium brings together experience from industry leaders in the consulting and strategy domain. Students get to explore from real-life experiences of consultants and explore insights from the challenges they face, the thought process behind critical decisions taken and the key takeaways from years of experience in the domain.

EndGame

EndGame is a national level simulation designed on a business scenario wherein the students walk the consultants’ shoes and apply their knowledge to compete with peers from other B-schools. It involves the application of academic knowledge from various facets of decision making, marketing and economics. It also tests the strategic forecasting and understanding of competitive dynamics in real-life situations. Further, the event demonstrates the presence of zero-sum game, to create similarity with as much real-world dynamics as possible.

Consulting Knights and Ranbhoomi

Consulting Knights and Ranbhoomi provides a diverse and enriching experience in solving cases at Pan-India level. Students utilize their knowledge of all disciplines to prepare strategies for business cases in teams. This event is organized in collaboration with various organizations like Havish M Consulting, to get an essence of existing business problems.

Consilium Conversations

In the academic year 2020-21, the club initiated a strategy-talk series “Consilium Conversations” wherein it invites budding entrepreneurs and industry stalwarts from various domains for a conversational interview. It focusses on unearthing the strategies that go behind creating a successful business or project. The motive behind the series is to inspire the students to develop strong critical-thinking skills required in strategy & consulting roles and learn about the latest developments in the industry. With each initiative, Consilium creates a robust environment for the students to learn and challenge themselves in the field of consulting and strategy.

Is An MBA Relevant In Today’s World?

In days, when we read that industry bigwigs like Indra Nooyi, CEO of PepsiCo say that lack of focus on technology is degrading the quality of management graduates from the country; or the whole and sole of Tesla – Elon Musk saying that he wouldn’t recommend an MBA, rather he would prefer not hiring MBAs, how relevant and advisable is it to still pursue an MBA in today’s world is indeed a question to ponder upon! However, contrary to the notion above, with every year that is passing, we can see a gradual increase in the B-Schools in India as well as an increase in the batch sizes of existing B-Schools! This has been an interesting trend to observe indeed.

While there is no question that majority of the individuals pursuing MBA do so in lieu of better career prospects or to be even more specific – bagging big paychecks! But is that all an MBA is about? Definitely not. Those portraying so are insulting the years of legacy that the Indian Institutes of Management have put in front of us. The kind of rigor they instill in the MBA graduates is something which imbibes holistic development of the aspirant along with academics. And yes, this is what an MBA is about. It is about “learning by doing” as one of the IIMs set up in 2011 – IIM Kashipur stresses upon. It is about putting theory into practice. It is about peer learning. Moreover, it is about turning yourselves into a better person, a better manager!

An MBA is probably the most efficient teacher of the importance of time and professionalism. Strict deadlines, cutthroat competitions with implementations of a bell curve, burning the midnight oil to be prepared for the lectures, presenting and studying of numerous case studies – name a thing needed to be done to be a better manager and you get to learn it in a B-School!

Revisiting the point mentioned in the first line of this piece – while Ms. Indra Nooyi complained about the quality of MBA graduates degrading, she never discouraged pursuing MBAs. In fact, she has motivated a generation of female MBA aspirants to join top MBA colleges in India and emerge as world-class business leaders. Similarly, while some perceive the MBA graduates a misfit for the organization, it is probably because of coming across the graduates who did an MBA for the higher paychecks and not for the sake of being a better manager.

Concluding, there is no doubt that the B-Schools are here to stay and so are the MBA aspirants. Similarly, the demand for these MBA aspirants is what the single largest factor is making undergraduates think of doing an MBA. Who are we, then, to question the relevance of an MBA in today’s world?

References:

https://www.jagranjosh.com/articles/heres-what-pepsico-ceo-indra-nooyi-thinks-is-wrong-with-current-mba-programmes-1478503600-1

The above article is written by Chirag Dixit, PGP 2018-20 batch, IIM Kashipur

Coalescence 2018

IIM Kashipur has always been at the forefront of bridging the gap between the academic curriculum and the industry requirement and the recently concluded first leg of “Coalescence 2018” bore testimonial to this very fact. IIM Kashipur hosted the Annual Management conclave “Coalescence 2018” on 4th and 5th August 2018. As part of the Management conclave, the annual “Marketing Summit” was held on 4th August which witnessed the presence of various industry leaders from the Marketing domain. On 5th August the annual HR meet “Samanvaya” was held which was graced by the presence of various leaders from the HR domain.

The first day of the conclave started off with the lamp lighting ceremony by faculty and guests. After a brief glimpse into the history of IIM Kashipur, Dr K.N. Badhani, Director, IIM Kashipur welcomed the gathering in his opening speech. He described the objective of the conclave as a means to bring industry stalwarts, students and faculties together. The eminent guests who graced the conclave with their presence were- Mr. Puneet Nagpal, Head Marketing, Sales and Marketing solutions, LinkedIn India; Ms. Megha Ahuja, Digital Media Professional; Mr. Stefan Haves, Founder and Creator, Stefinity Entertainment Inc.; Mr. Nomit Joshi, Head Marketing, Gionee India; Mr. Hitesh Sood, Associate Vice President, Idea Cellular Ltd.; Mr. Ashok VK, Director, Marketing Oncology, Dr. Reddy Laboratories.

The speakers spoke at length about the importance of Data and Analytics in marketing. According to them, Technology has empowered marketers with data. They stressed the importance of analysing the real-time data as it is generated. The speakers also touched on the topic “Digital Social Media and Consumer Behaviour” and told how social media can be used as a tool to connect with consumers with emotionally. They also discussed the different digital trends that are shaping India.

The eminent guests who graced the conclave with their presence on the second day were- Mr. Rajeev Bhadauria, Director HR Jindal Steel and Power; Mr. Ramesh Shankar S, Executive Vice President & Head of HR, South Asia – Siemens; Ms. Gargi Basu, Head of Learning and Development, Cadila Pharmaceuticals; Mr Andrews Simon, Head Talent Acquisition at eClerx; Ms. Praveen Chauhan, Head – HR & Admin at Agarwal Packers & Movers Ltd; Mr. Sahil Nayar, Associate Director HR at KPMG; Dayanand Tripathi, General Manager – Talent, Rewards & Culture, Mr. Saurabh Deep Singla, Chief HR at Ecom Express Pvt Ltd; Mr. Sujit Kumar, HR at Jindal Stainless Ltd; Mr. Ramakrishn Ghosh, HR at Apeejay Surrendra Group; Mr. Ayush Gupta, General Manager at GAIL (India) Ltd; Mr. Shivakumar Rudrappa, Head Of TA, Workforce Planning & Deployment at Sodexo India and Mrs. Devjani Chatterjee, Area Chair (HR) IIM Kashipur.

The speakers spoke on the topic “New Characteristics of Leadership: Transforming Business In The Digital Age”. They discussed the importance of adapting to technology. According to them, continual change is the business driver and people should get comfortable with ambiguity. They also provided their insights on the key aspects of leadership. They explained how leaders can be the emotional anchors for the team. They discussed how human beings can add value to skills through emotions. The speakers also spoke on the topic “Striking The Right Balance: Training, Development and Attrition”. They discussed the skill values of the future and how the recruitment strategy of an organisation should be aligned with it.

The event was a success. The students got to interact with the eminent personalities and learned about the latest trends and the happenings of the industry. The insights and experiences shared by speakers provided valuable learnings to the students.

Welcome PGP 2014 | Inauguration Ceremony

IIM Kashipur welcomes its fourth batch PGP 2014!!
Speaking on the Inauguration Ceremony Dr. Ghosh,Dean IIM Kashipur, said that we understand that students come here with two considerations. One – placements, and Two – Choice of place. “You will be equipped with success mantras here”, he said. “Organizations do not create jobs for you, it is for their own survival and growth and they need people, and they need the best ones. So what you would require is, “One – the basic understanding of the concepts of management, Two – on how to implement them in real life situations, and Three – the environment within which a manager works”, added Dr. Ghosh.

The ceremony witnessed the presence of . Mr. Alok Kumar Singh, Plant Head, Pantagar works, Tata Motors Limited and Mr. Vikram Sharma, the HR Head.

MDP on Supply Chain Management

Management Development Programme (MDP) – 23 to 27 June 2014, on Supply Chain Management, was inaugurated today at IIM Kashipur campus. Objective of the MDP is to build a multi-disciplinary team of knowledge workers who can understand interdependence of various business functions and levers that drive their performance. This program will also enhance the understanding of the participants in various cross functional areas like marketing concepts, customer’s relationships, apart from that looking the whole business in the perspective of supply chain process.

Guest Lecture: Mr. Nagaraju KB, COO at TVS Logistics Services Limited

IIM Kashipur welcomed Mr. Nagaraju KB, COO at TVS Logistics Services Limited. He is an IIM Calcutta alumni and had previously he has worked with Lenovo India Pvt Ltd and Transmart India Pvt Limited. Currently he is on sabbatical and working with an NGO. Coming from Operations field, Mr Nagaraju explained the students about “The Triple-A Supply Chain- Agility, Adaptability and Alignment”. He shared his experience in supply chain dictating the fact that Supply chain is a backbone to meet customer expectations. Along with arranging for logistics, supply chain very evidently includes planning and manufacturing. From his experience he compared the current scenario of industry with that in early 2000s. He said that the current industry is very demanding and the customers want product at their doorsteps at their preferred time. To achieve this managers have to necessarily go for a steep learning curve.

Mr Nagaraju explained the AAA supply chain model through experiences of his operations career in companies like Compaq India, Tata Motors, Lenovo, etc. He stressed upon the importance of localization of supply chain in order to achieve immediate demand of customized products by the consumers. He also very promptly answered queries of the students regarding supply chain and logistics. IIM Kashipur thanks him for his presence at the campus.